text
stringlengths 5.5k
6k
|
|---|
ITS SO EASY TO PLAY MIND GAMES WITH THESE TWO.
-----Original Message-----
From: Presto, Kevin M.
Sent: Wednesday, October 03, 2001 9:08 AM
To: Lavorato, John
Subject: RE: Enpower and EOL Data for October 2nd
We'll see.
-----Original Message-----
From: Lavorato, John
Sent: Wednesday, October 03, 2001 8:57 AM
To: Presto, Kevin M.
Subject: FW: Enpower and EOL Data for October 2nd
I think the west may pass you guys.
-----Original Message-----
From: Belden, Tim
Sent: Wednesday, October 03, 2001 8:56 AM
To: Lavorato, John
Subject: FW: Enpower and EOL Data for October 2nd
We set a new west single book record with 206 trades in STCA. We also set a new desk record with 611 for the day. We launched an 8 hour block day-ahead product yesterday. We have about 20 trades. Ancillary service products are in the work. Still grinding through contract language and EOL.
Did you know that Chris Mallory is an analyst, manages our STCA book, made $14 million in Q3, and is our leading EOL transaction trader? Pretty cool!
Tim
-----Original Message-----
From: Alport, Kysa
Sent: Tuesday, October 02, 2001 6:00 PM
To: DL-Portland Real Time Shift; Alonso, Tom; Badeer, Robert; Belden, Tim; Crandall, Sean; Driscoll, Michael M.; Fischer, Mark; Mallory, Chris; Morris, Jeremy; Motley, Matt; Platter, Phillip; Richter, Jeff; Salisbury, Holden; Scholtes, Diana; Swerzbin, Mike; Williams III, Bill
Cc: Chang, Fran; Dunton, Heather; Law, Samantha; Postlethwaite, John; Warner, Nicholas
Subject: Enpower and EOL Data for October 2nd
EOL Deals From: 10/01/2001 To: 10/02/2001 EnPower From: 10/01/2001 To: 10/02/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 59 1,230,400 EPMI Long Term California 15 719,775
EPMI Long Term Northwest 32 535,600 EPMI Long Term Northwest 35 2,400,440
EPMI Long Term Southwest 52 921,375 EPMI Long Term Southwest 54 3,540,513
EPMI Short Term California 373 547,096 EPMI Short Term California 116 373,022
EPMI Short Term Northwest 196 206,250 EPMI Short Term Northwest 101 209,669
EPMI Short Term Southwest 235 443,375 EPMI Short Term Southwest 96 683,895
Real Time 203 5,300 Real Time 80 8,991
Grand Total 1,150 3,889,396 Grand Total 497 7,936,305
EOL Deals From: 10/02/2001 To: 10/02/2001 EnPower From: 10/02/2001 To: 10/02/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 31 516,000 EPMI Long Term California 6 266,375
EPMI Long Term Northwest 20 380,000 EPMI Long Term Northwest 17 1,949,622
EPMI Long Term Southwest 26 501,200 EPMI Long Term Southwest 24 2,147,943
EPMI Short Term California 206 250,255 EPMI Short Term California 59 155,562
EPMI Short Term Northwest 111 147,450 EPMI Short Term Northwest 45 102,668
EPMI Short Term Southwest 117 317,100 EPMI Short Term Southwest 54 590,216
Real Time 100 2,725 Real Time 41 4,342
Grand Total 611 2,114,730 Grand Total 246 5,216,728
ICE Volumes From: 10/02/2001 To: 10/02/2001
Delivery Point Total MWH EPMI MWH Price
Mid C (OP, Next Day) 600 0 $ 17.05
Mid C (P, Next Day) 6,000 1,600 $ 23.52
Mid C (P, Bal Month) 67,200 38,400 $ 23.38
Mid C (OP, Bal Month) 7,225 0 $ 18.00
Mid C (P, Nov-01) 30,000 0 $ 25.50
Mid C (OP, Dec-01) 8,600 8,600 $ 26.25
Mid C (P, Dec-01) 10,000 0 $ 33.25
Mid C (P, Mar-02) 10,400 0 $ 27.25
Mid C (P, Q1 02) 30,400 0 $ 30.35
Mid C (P, Q3 02) 30,800 0 $ 42.00
NP-15 (OP, Next Day) 1,200 200 $ 17.14
NP-15 (P, Next Day) 3,200 1,200 $ 26.56
NP-15 (P, Bal Month) 28,800 9,600 $ 24.78
NP-15 (OP, Bal Month) 7,225 7,225 $ 18.25
NP-15 (OP, Nov-01) 24,000 8,000 $ 21.58
NP-15 (P, Jan-02) 10,400 0 $ 33.00
NP-15 (P, Q1 02) 30,400 0 $ 32.25
NP-15 (P, Q2 02) 30,800 0 $ 31.50
NP-15 (P, Q3 02) 30,800 30,800 $ 45.25
NP-15 (P, Q4 02) 30,800 0 $ 35.50
Palo (P, Next Day) 8,400 1,600 $ 25.17
Palo (OP, Next Day) 200 200 $ 14.00
Palo (OP, Bal Month) 14,450 0 $ 15.25
Palo (P, Bal Month) 134,400 0 $ 24.57
Palo (P, Nov-01) 0
Palo (P, Q1 02) 30,400 0 $ 29.00
Palo (P, Jan-02) 31,200 0 $ 28.58
Palo (P, May-02) 10,400 0 $ 31.75
Palo (P, Jun-02) 30,000 10,000 $ 40.25
Palo (P, Aug-02) 21,600 10,800 $ 54.38
Palo (P, Q3 02) 123,200 30,800 $ 50.01
SP-15 (OP, Next Day) 800 200 $ 14.69
SP-15 (P, Next Day) 8,800 2,400 $ 25.65
SP-15 (P, Bal Month) 38,400 9,600 $ 24.63
SP-15 (P, Nov-01) 30,000 0 $ 24.92
SP-15 (P, Dec-01) 30,000 0 $ 28.98
SP-15 (P, Q1 02) 30,400 0 $ 30.50
SP-15 (P, Q3 02) 30,800 0 $ 45.50
SP-15 (P, Q1 03) 30,400 0 $ 35.00
Grand Total 1,002,700 171,225 $ 1,095.19 |
D'Arcy,
Attached as requested is the copy of the public information on EOL.
mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/28/2000
08:59 AM ---------------------------
From: Rahil Jafry
07/27/2000 07:10 PM
To: Mike McConnell/HOU/ECT@ECT
cc: [email protected]
Subject: EnronOnline Management Report for July 25, 2000
Mike,
Here're the Management Reports for the last two days - per Julie's request.
Regards,
Rahil
---------------------- Forwarded by Rahil Jafry/HOU/ECT on 07/27/2000 07:08
PM ---------------------------
Leonardo Pacheco@ENRON
07/26/2000 06:56 PM
To: Kenneth Lay/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Jay Fitzgerald/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, John Sherriff/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT,
Jeffrey A Shankman/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Daniel
Reck/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Thor Lien/OSL/ECT@ECT, Douglas S
Friedman/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Richard
Lewis/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke/HOU/ECT@ECT,
Dave Samuels/HOU/ECT@ECT, Rahil Jafry/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT,
George McClellan/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Steven J
Kean/HOU/EES@EES, Jim Fallon/Enron Communications@Enron Communications, Nick
Mooney/LON/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT, Joseph P
Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, William S Bradford/HOU/ECT@ECT,
Mark Frevert/NA/Enron@Enron, Paula Rieker/Corp/Enron@ENRON, Cedric
Burgher/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON, Kathryn
Corbally/Corp/Enron@ENRON
cc: David Forster/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Kal
Shah/HOU/ECT@ECT, Andy Zipper/Corp/Enron@Enron, Michael
Danielson/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT
Subject: EnronOnline Management Report for July 25, 2000
Please see the attached Management Report for July 25, 2000:
Total Today Year To Date Life To Date
Number of Transactions 2,414 208,531 213,532
Gross Notional Value $ 953,437,294 100,025,268,454 101,286,159,437
Revenue from Physical flows to date ($) 6,618,570,908 6,714,322,400
New Counterparties transacting today 0
Counterparties having transacted to date 416
Also attached is the Public Domain Report, containing information which is
intended for use in presentations or reports which will be seen by
individuals outside Enron:
Total Life to Date Transactions > 213,000 which is > 59 % of Enron,s
current transactions for the month
Average Daily Transactions > 2,000
Life to Date Notional Value of Transactions > $101 billion
Average Daily Notional Value = Approximately $1 billion, which is 45.5% of
Enron,s Notional Volume
Number of Products Offered Each Day = Approximately 820
---------------------- Forwarded by Rahil Jafry/HOU/ECT on 07/27/2000 07:09
PM ---------------------------
Leonardo Pacheco@ENRON
07/27/2000 03:52 PM
To: Kenneth Lay/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Jay Fitzgerald/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, John Sherriff/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT,
Jeffrey A Shankman/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Daniel
Reck/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Thor Lien/OSL/ECT@ECT, Douglas S
Friedman/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Richard
Lewis/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke/HOU/ECT@ECT,
Dave Samuels/HOU/ECT@ECT, Rahil Jafry/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT,
George McClellan/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Steven J
Kean/HOU/EES@EES, Jim Fallon/Enron Communications@Enron Communications, Nick
Mooney/LON/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT, Joseph P
Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, William S Bradford/HOU/ECT@ECT,
Mark Frevert/NA/Enron@Enron, Paula Rieker/Corp/Enron@ENRON, Cedric
Burgher/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON, Kathryn
Corbally/Corp/Enron@ENRON
cc: David Forster/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Kal
Shah/HOU/ECT@ECT, Andy Zipper/Corp/Enron@Enron, Michael
Danielson/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT
Subject: EnronOnline Management Report for July 26, 2000
Please see the attached Management Report for July 26, 2000:
Total Today Year To Date Life To Date
Number of Transactions 1,518 210,049 215,050
Gross Notional Value $ 739,687,205 100,761,145,458 102,022,036,442
Revenue from Physical flows to date ($) 6,680,333,471 6,776,084,963
New Counterparties transacting today 3
Counterparties having transacted to date 419
Also attached is the Public Domain Report, containing information which is
intended for use in presentations or reports which will be seen by
individuals outside Enron:
Total Life to Date Transactions > 215,000 which is > 59 % of Enron,s
current transactions for the month
Average Daily Transactions > 2,000
Life to Date Notional Value of Transactions > $102 billion
Average Daily Notional Value = Approximately $1 billion, which is 45.5% of
Enron,s Notional Volume
Number of Products Offered Each Day = Approximately 820 |
As far as your email questions, my responses are following:
1. The list I have provided you is the only list that exists on financial
counterparties. There is no Excel spreadsheet to follow.
2. Duke Energy Corporation. At Mark's direction, I am sending his note
below regarding utilities. Again, until we do the due diligence on a utility
counterparty we have no way of knowing what kind of local, state or federal
regulation or approvals they may be subject to. We currently have masters
in place with only about 10 utilities/govt's. We are in the process of
negotiating another 30. Until those masters are executed and we have the
relevant resolutions, authority documents and/or legal opinions, I cannot
approve them for online trading. I have made every effort to search company
websites and elicit from Credit whether a counterparty is a regulated utility
or not. If I cannot tell by the information available to me, additional due
diligence will be needed to see if they are subject to local, state, or
federal regulation. Mark can override any decision I have made, I can only
make decisions within the guidelines the attorneys have set for me.
3. Montana Power Trading and Marketing Company is a subsidiary of a
regulated utility. I am unable to determine from Credit or their website
what type of regulation they might be subject to. The note is true that
Credit says they are getting out of the business anyway.
4. Petrotemex. Per my conversations with Mark and our advice from counsel,
unlike U.S. and U.K. counterparties, Mexican counterparties are not able to
enter into derivative transactions unless their articles and bylaws
specifically provide for these types of transactions. We will not know this
until the due diligence is completed, so I am supposed to say "no" for
Mexican counterparties we do not have a master swap agreement in place with.
5. PSEG. It is an energy services company; however, it is also not an
eligible swap participant (or "ESP"). CFTC regulation limits the derivatives
trading we may do to certain types of counterparties that meet certain
financial requirements (large, institutional type investors, companies,
banks, etc). Corporations and partnerships have to meet certain net worth
and asset levels or we cannot trade financially with them. Whenever I say
"not ESP" or "not eligible swap participant" it means they have not met the
financial net worth test.
6. The American Coal Company. See prior note.
---------------------- Forwarded by Tana Jones/HOU/ECT on 10/13/99 04:21 PM
---------------------------
From: Bob Shults 10/12/99 10:15 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Online Derivatives Trading with Regulated Utilities
Does this mean that we have 10 utilities that are approved to trade? What
are we doing with the other 30-40?
---------------------- Forwarded by Bob Shults/HOU/ECT on 10/12/99 10:14 AM
---------------------------
To: Louise Kitchen/LON/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, David Port/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT, David
Forster/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
Subject: Online Derivatives Trading with Regulated Utilities
We have not decided "to prevent any regulated utility from completing any
financial transactions" online. If we have already satisfactorily concluded
the necessary due diligence with respect to a particular utility, they will
be approved. It is only with respect to those utilities which have not yet
been researched that we are withholding approval. The due diligence required
involves asking the utility for certain information concerning their
organization and regulatory situation, hiring local counsel in the relevant
state and having research done into the laws and regulations in place there
and into any public utility commission orders respecting the particular
utility in question, and on occasion requesting an opinion letter from the
utility's counsel. We usually begin that process only when a trader believes
there is a likelihood of a sufficient volume of trading with the utility to
justify the time and expense. FYI, the due diligence process has in the past
revealed circumstances which prevented the utility from trading derivatives
or required actions to authorize such trading which had not been taken.
A recent count showed about 10 executed master agreements and another 30 to
40 in one stage or another of the due diligence/negotiation process.
Louise Kitchen
10/06/99 02:46 PM
To: Mark E Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, David
Port/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT, David Forster/LON/ECT@ECT
Subject: Customer Data
On Friday we will be receiving the remaining customer list from credit, due
to the timescales I am asking for turnaround on the customer matrix and
master agreement review by the end of play Tuesday 12th October.
Any problems with this please notify me immediately as we are now running up
against very tight deadlines in terms of getting all of the information in
the system for the launch schedule.
Thanks
Louise
Mark,
On another note we are requesting a review of the blanket decision which has
been made to prevent any regulated utility from completing any financial
transactions, if we are not prepared to do the due diligence on which ones
can transact and which ones can not - is this our responsibility or theirs?
ie their decision whether to trade or not.
Louise |
Start Date: 4/22/01; HourAhead hour: 21; HourAhead schedule download failed.
Manual intervention required.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042221.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
!!!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 |
<http://mojofarm.mediaplex.com/ad/tr/1083-4800-233-30?mpe=1248145&mpm=9079006>
Wells Fargo Small Business Roundup Newsletter <http://63.209.29.152/ads/1083/4800/wells_header.gif>
October Issue <http://63.209.29.152/ads/1083/4800/month.gif>
Welcome to the October Issue of the Wells Fargo Small Business Round-Up? newsletter.
Better Bookkeeping, Better Results
Few small business owners enjoy the accounting and bookkeeping side of running a business. However, you can't and shouldn't avoid it. Learn <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=1-30&mpe=1248145&mpm=9079006> about the benefits other owners get from these seemingly tedious chores.
You've Got a Website... Now What?
Just because you built a Web site, visitors won't necessarily come unless you register your site with search engines that direct traffic on the Web. Read about steps <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=2-30&mpe=1248145&mpm=9079006> to make your site visible.
The Twelve Ways of Christmas
It's never too early to prepare your business for the Holiday rush. Here's a new take on "The Twelve Days of Christmas", tailor-made to help small businesses prepare for the holiday season. Check out <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=3-30&mpe=1248145&mpm=9079006> the ideas-and hum along.
Using Credit To Improve Your Cash Flow
Using Wells Fargo Business Cards adds flexibility and simplicity to any company's purchasing process. Find out <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=4-30&mpe=1248145&mpm=9079006> how one high-tech company benefits.
Check Your Calendar
Oct is National Disability Employment Awareness Month
Oct 14-20 is National Networking Week. Make a point of attending a function this week and meeting 5 new people who can help your business.
Oct 28 - Daylight Saving Time Ends. Turn back your clock one hour.
Oct 31 - Happy Halloween! Did you know that Americans spend $2.5 billion annually on Halloween, making it the country's second largest commercial holiday?
Our Monthly Poll
What are your plans for hiring help for the up coming Holiday season? (Check only one!)
I'm not planning to hire
Use temporary workers
Hire a part-time employee
Work longer hours myself
Have my employees work longer hours
In the next issue, find out the poll results and read about what methods other small business owners used to hire employees.
Click here <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=5-30&mpe=1248145&mpm=9079006> to see the results of last month's poll.
Tell us what you think
Give us your feedback! Please feel free to contact us <mailto:[email protected]> and let us know what you think of this newsletter.
If you would like to change your email address or unsubscribe from future Wells Fargo Announcements, please click on the following link: Unsubscribe <http://e.z2c.net/m/em.mpr?mpe=1248145&mpm=9079006>
<http://63.209.29.152/ads/1083/4800/spacer.gif> Email This to a Friend <http://e.z2c.net/m/em.mpf?mpe=1248145&mpm=9079006>
Advertisement <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=6-30&mpe=1248145&mpm=9079006>
<http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> Resources <http://63.209.29.152/ads/1083/4800/h_resources.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif> Bank online, save time
Did you know that you can request copies of checks or statements with a click of the mouse? Sign on <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=7-30&mpe=1248145&mpm=9079006> to online banking now.
Find resources to manage your business
Did you know that you can now buy business books at the Resource Center for Small Business Owners? Register now <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=8-30&mpe=1248145&mpm=9079006>!
Order office supplies online
Free shipping <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=9-30&mpe=1248145&mpm=9079006>* from Office Depot
(*within local trading areas)
Accept payments online, decrease risk of loss
With the Wells Fargo SecureSourceSM Payment <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=10-30&mpe=1248145&mpm=9079006> service you can accept, fraud-screen, process and settle credit card and electronic check transactions online.
Payroll made fast and easy
With OnlinePayroll by Wells Fargo <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=11-30&mpe=1248145&mpm=9079006>SM, you can calculate payroll in minutes and view reports online anytime, anywhere.
Need financing for your business?
Our free interactive Credit Product Finder <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=12-30&mpe=1248145&mpm=9079006> will help you find the right loan for your business.
Tax legislation could save you money
Read how 2001 tax changes will help your business next April as well as other useful tips in Wells Fargo BusinessTips <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=13-30&mpe=1248145&mpm=9079006>.
<http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> Learn More Info <http://63.209.29.152/ads/1083/4800/h_learn.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif>
<http://63.209.29.152/ads/1083/4800/spacer.gif> <http://63.209.29.152/ads/1083/4800/spacer.gif> Get more information
The Business Advisor <http://wellsfargo.z2c.net/ad/ck/1083-4800-233-30?m=14-30&mpe=1248145&mpm=9079006>SM online magazine has articles on finances and marketing as well as other business topics.
<http://63.209.29.152/ads/1083/4800/spacer.gif> |
Gerald, the text below is from a financing agreement that involved a Mexican company. I would use from it what you can but would talk to Andy Edison as to what would work in your agreement and whether he has any specific form. There are two critical issues related to your deal -- one is to get a US court to be able to recognize the arbitration award and two would be in the event that your Mexican counterparty does not have assets in the US, then you would want to next be able to a Mexican court to recognize and enforce your US court judgment enforcing your arbitration award.
1.01 SUBMISSION TO JURISDICTION; PROCESS AGENT; WAIVER OF JURY TRIAL.
(A) SUBMISSION TO JURISDICTION. ANY SUIT, ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR THE NOTES OR ON ANY JUDGMENT ENTERED BY ANY COURT IN RESPECT THEREOF MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK, AND EACH PARTY HEREBY SUBMITS TO THE JURISDICTION OF SUCH COURTS FOR THE PURPOSE OF ANY SUCH SUIT, ACTION, PROCEEDING OR JUDGMENT (AND WAIVES FOR SUCH PURPOSE ANY OTHER JURISDICTION BY REASON OF ITS PRESENT OR FUTURE DOMICILE OR OTHERWISE AND ANY CLAIM OF INCONVENIENT FORUM). EACH PARTY HERETO FURTHER SUBMITS, FOR THE PURPOSE OF ANY SUITS, ACTIONS OR PROCEEDINGS AGAINST IT, TO THE JURISDICTION OF THE APPROPRIATE COURTS OF ITS DOMICILE. TO THE EXTENT THAT ANY OF THE COMPANY OR THE GUARANTORS HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER FROM SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION, EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, EACH OF THE COMPANY AND THE GUARANTORS HEREBY IRREVOCABLY WAIVE SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS AGREEMENT, THE NOTES OR THE SECURITY DOCUMENTS.
(B) SERVICE OF PROCESS. THE COMPANY WAIVES PERSONAL SERVICE OF ANY PROCESS UPON IT AND IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY WRITS, PROCESS OR SUMMONSES IN ANY SUIT, ACTION OR PROCEEDING BY THE MAILING THEREOF BY ANY AGENT OR EPCO BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE COMPANY OR GUARANTORS ADDRESSED TO THEIR PROCESSING AGENT. NOTHING HEREIN SHALL IN ANY WAY BE DEEMED TO LIMIT THE ABILITY OF ANY AGENT OR EPCO TO SERVE ANY SUCH WRITS, PROCESS OR SUMMONSES IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. THE COMPANY AND EACH OF THE GUARANTORS IRREVOCABLY WAIVES ANY OBJECTION (INCLUDING, WITHOUT LIMITATION, ANY OBJECTION OF THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS) WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH IN ANY JURISDICTION SET FORTH ABOVE. EACH OF THE COMPANY AND THE GUARANTORS FURTHER AGREES THAT SERVICE OF ALL WRITS, PROCESS AND SUMMONSES IN ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN THE STATE OF NEW YORK MAY BE MADE UPON CT CORPORATION SYSTEM ("PROCESS AGENT") PRESENTLY LOCATED AT NEW YORK, NEW YORK, U.S.A. AND EACH OF THE COMPANY AND THE GUARANTORS HEREBY IRREVOCABLY APPOINTS THE PROCESS AGENT AS ITS TRUE AND LAWFUL AGENT FOR THE SERVICE OF PROCESS IN ITS NAME, PLACE AND STEAD TO ACCEPT SUCH SERVICE OF ANY AND ALL SUCH WRITS, PROCESS AND SUMMONSES, AND AGREES THAT THE FAILURE OF THE PROCESS AGENT TO GIVE ANY NOTICE OF ANY SUCH SERVICE OF PROCESS TO THE COMPANY OR THE GUARANTORS SHALL NOT IMPAIR OR AFFECT THE VALIDITY OF SUCH SERVICE OR OF ANY JUDGMENT BASED THEREON. THE COMPANY AND THE GUARANTORS AGREE TO MAINTAIN AT ALL TIMES AN AGENT WITH OFFICES IN NEW YORK TO ACT AS ITS PROCESS AGENT AS AFORESAID, AND TO GIVE ADVANCE NOTICE OF ANY CHANGE OF SUCH PROCESS AGENT. TO THE EXTENT THAT ANY OF THE COMPANY OR THE GUARANTORS HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER FROM SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION, EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, EACH OF THE COMPANY AND THE GUARANTORS HEREBY IRREVOCABLY WAIVE SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THE LIQUIDITY DOCUMENTS.
(C) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH. EACH OF THE PARTIES HERETO AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
(D) WAIVER OF BOND. THE COMPANY WAIVES THE POSTING OF ANY BOND OTHERWISE REQUIRED OF ANY PARTY HERETO IN CONNECTION WITH ANY JUDICIAL PROCESS OR PROCEEDING TO REALIZE ON THE COLLATERAL, ENFORCE ANY JUDGMENT OR OTHER COURT ORDER ENTERED IN FAVOR OF SUCH PARTY, OR TO ENFORCE BY SPECIFIC PERFORMANCE, TEMPORARY RESTRAINING ORDER, PRELIMINARY OR PERMANENT INJUNCTION, THIS AGREEMENT OR ANY OTHER LIQUIDITY DOCUMENT.
(E) ADVICE OF COUNSEL. EACH OF THE PARTIES REPRESENTS TO EACH OTHER PARTY HERETO THAT IT HAS DISCUSSED THIS AGREEMENT AND, SPECIFICALLY, THE PROVISIONS OF THIS SECTION 9.08, WITH ITS COUNSEL. |
COLUMBIA GAS TRANSMISSION CORPORATION
NOTICE TO ALL INTERESTED PARTIES
OCTOBER 26, 2001
Notice ID: 3216
5 - NO RESPONSE REQUIRED
SUBJECT: REVISED-CAPACITY UPDATE EFFECTIVE FOR MONDAY, OCTOBER 29, 2001
CHANGES ARE INDICATED WITH AN *
Effective Monday, October 29, 2001, capacities will be as follows:
Excess MDWQ Available +
ISS Withdrawals Available
SIT Withdrawals Available
Imbalance Drawdowns Available
Excess MDIQ Available +
ISS Injections Available
SIT Injections Available
Imbalance Paybacks Available
PAL Lends/Unparks Available
PAL Parks/Loan Paybacks 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 No restrictions for southern part of Market Area 36.
Primary receipts/deliveries only for gas delivered
in the northern portion of Market Area 36.
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. |
********************[ 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
November 13, 2000
The tech wreck continues
Election chaos and lousy earnings news from companies
such as Hewlett-Packard are driving down tech stocks.
But don't rush to buy yet.
By Michael Sivy
There is no constitutional crisis. The presidential
election results will probably be sorted out within a
week, and certainly long before the electors cast
their votes on Dec. 18. Though the outcome of the
bitter fight in Florida is anybody's guess -- it
largely depends on technical legal issues -- the
lawyers I know think the chances of Al Gore getting
the count he wants are better than 50 - 50.
The electoral chaos is contributing to a decline in
the Dow and an even sharper selloff in the Nasdaq,
which was down to less than 2,900 at one point on
Monday - more than 40 percent off the March high.
Also a large factor in the selloff was Hewlett
Packard's third-quarter bomb. Although sales were up
almost 17 percent from year-earlier levels, earnings
came in 20 percent, or 10 cents a share, below analysts'
expectations. They attribute the profit shortfall
partly to the effects of the weak euro, but mostly to
expenses that were much higher than H-P expected. It
appears that to reach its ambitious sales goals, the
company let costs get out of hand.
From a long-term perspective, there doesn't seem to
be anything seriously wrong with Hewlett-Packard's
business. With more attention to cost control, H-P's
sales might grow a little bit slower -- 15 percent
annually, say -- but profits would increase just as
fast. Trading at $34 a share, less than 17 times
earnings for the coming year, a sustainable 15
percent earnings growth rate makes H-P look extremely
cheap, and some analysts rate it a value buy. More
skeptical analysts, however, think that H-P's decline
could continue for a while. And that's my bet as
well.
The problem is that the tech group as a whole is in a
powerful downtrend. In fact, the biggest and
best-known tech stocks could be the hardest hit
between now and year end. Usually, money managers and
mutual fund executives try to finish their tax
selling by the end of October. But given the recent
uncertainty, portfolio managers may continue to cut
back on their big tech positions, hurting even such
tech blue-chips as Cisco and Oracle.
Tech stocks aren't the only ones with targets painted
on them. If Gore does gain the presidency, big drug
stocks could react quite negatively. Even though it
will be hard for Gore to do much to hurt the
industry, given the hostile and divided Congress he
would face, the drug stocks have been building in a
big Bush-victory premium over the past few
weeks -- and the group would therefore be susceptible
to a psychologically based selloff.
The investment that would likely profit most from a
Gore victory is fixed-income. He would face a
Republican Congress at least through 2002, and over
the next two years the surplus could total more than
$500 billion. With a sharply divided government, the
vast bulk of this money would go to paying down the
national debt, which could be reduced by 10 percent
to 15 percent over the two-year period. And even if
George W. Bush somehow manages to hang on, the
numbers would be similar.
Paying down the national debt is wildly bullish for
long-term Treasury bonds, and would also help the
bonds of government agencies -- like Ginnie
Mae -- and blue-chip corporations. A shrinking
national debt would likely slow the economy even
more -- it's the opposite of deficit spending after
all. That could contribute to a negative climate for
growth stocks and encourage the Fed to start lowering
interest rates at the first opportunity -- probably
early next year. The case for conservatism and
diversification has never been greater.
###
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]>. |
----- Forwarded by Jeff Dasovich/NA/Enron on 02/25/2001 03:22 PM -----
POWER POINTS:Calif Gov Fiddles As Summer Likely To Burn
By Mark Golden
A Dow Jones Newswires Column
NEW YORK (Dow Jones)--Once there was a bride whose pianist became ill the
night before a beachfront wedding. As she frantically tried to find a new
pianist, the radio blared an alert: A 40-foot tidal wave was headed
straight
for
the beach.
"I just will not let this pianist ruin my wedding," muttered the bride as
she
turned the radio off.
California Gov. Gray Davis and the state Legislature have no better sense
of
priorities than the bride did. They've been obsessing over the financial
solvency of the state's utilities for three months, instead of making
progress
on the bigger problem: the huge shortage of electricity expected to hit the
state this summer. California's multibillion dollar purchase of the
utilities'
transmission lines won't add one megawatt to the supply of electricity.
How big is the imbalance between supply and expected summer demand? The
California Energy Commission forecast two weeks ago that the
60,000-megawatt
system might just squeak by with 87 MW to spare in a bad heat wave. But
nobody
takes that forecast seriously.
The CEC's numbers are way off base. California's electricity demand could
exceed supply by 5%, or 2,000 MW, on days with typical summer weather. That
2,000 MW shortfall will be made up by turning out the lights in 2 million
homes,
or a mix of homes, businesses and industry. A bad heat wave would get
shortages
several times that size. As the blackouts roll through parts of the state
every
weekday that temperatures are at or above normal, every business and home
will
take its turn at getting by without electricity for an hour or so. What
factory
can operate under such conditions? Will the state's elderly survive the
heat
exposure?
The CEC put the capacity of generators in the state at about 54,000, but
it
used original capacity figures. Most of California's big power plants are
more
than 30 years old. They can't produce as much power as they once did, so
subtract about 7,000 MW from their rated capacity.
About 15,000 MW of the state's capacity is now controlled by merchant
energy
companies Calpine (CPN), Duke Energy (DUK), Dynegy (DYN), Mirant (MIR),
Reliant
Energy (REI) and Williams Cos. (WMB). They say they already have sold much
of
the power they will generate this summer to out-of-state western utilities.
But
the CEC ignored that.
Hydroelectric generation in the western states is expected to be just 60%
of
normal this spring and summer. Western utilities have been buying up
supplies
since last fall. California's PG&E (PCG) and Edison International (EIX)
couldn't
do that, of course, because they're nearly bankrupt.
Nobody knows exactly how much power has already been sold out of state. A
trader at one California merchant power company estimated 5,000 MW. In a
recent
auction of transmission line use, capacity to move electricity out of
California
sold for up to 15 times the price of transmission capacity to move power
into
the state.
The CEC ignored the sales of California power to out-of-state generators
in
its rosy summer outlook and ignored the forecast for below-normal
hydropower,
which depends on winter snowfall. The snowfall season is three-fourths over
now,
making a hydropower shortage pretty much a done deal. Yet the CEC used
normal
northwest hydropower production in its forecast. Take off another 2,000 MW.
The commission expects 3,000 MW of generators to be off line for
unplanned
repairs when the heat wave hits. That's California's historic average. But
outages usually increase dramatically during a heat wave. Take off another
2,000
MW.
The commission expects all 1,000 MW of Davis' recently announced peaking
generators to be on line for the summer. "No way," says the industry.
Instead of the CEC's estimate of 61,000 MW, then, California can expect
available supply of only 44,000 MW. The state needs 51,000 MW to meet
demand
and
maintain recommended reserves in the kind of heat wave it gets, on average,
every two summers.
People in the industry have been telling the governor for nine months
that
there's no way to raise supply to meet demand this year or next. Siting and
building power plants takes too long. Demand has to be reduced to the level
of
supply.
The current course is to reduce demand through blackouts. Pricing offers
a
better way. If the state raised electricity rates immediately - a step no
longer
opposed even by California consumer group The Utility Reform Network -
California would stop burning through the natural gas and water reserves
needed
to keep generators running this summer.
Davis insists on solving the crisis without a rate increase big enough to
damp
demand. Several western U.S. utilities outside California have already
imposed
such rate hikes. Davis is focused on buying power, even though California
can't
subsidize consumption of artificially cheap power much longer. The
Department of
Water Resources is signing 10-year power supply contracts at hefty prices
that
fully reflect today's supply-demand imbalance.
Instead, he should be addressing the imbalance, which must be dealt with
sooner (by prices) or later (by blackouts). Raise California rates
significantly
now. Cut demand, and the wholesale price for electricity comes crashing
down.
Then sign long-term contracts at the lower rates.
Davis is committing California's citizens and businesses to 10 years of
overpriced electricity. After that, he says, he will try to reduce demand.
His
streak of bad decisions in this crisis continues unbroken.
-By Mark Golden, Dow Jones Newswires; 201-938-4604;
[email protected]
(END) Dow Jones Newswires 23-02-01
1944GMT(AP-DJ-02-23-01 1944GMT) |
Dear icruise member,
There are many instances when, due to a lack of knowledge about you, we are unable to offer you information on some amazing, localized cruise deals. To rectify this, icruise would like you to answer the next three questions. Your information will not be shared with anyone and wait until you see the savings!!!
Please click the link that best applies:
1) I live in the North East <http://www2.i-cruise.com/[email protected]&B=A>, South East <http://www2.i-cruise.com/[email protected]&B=B>, North West <http://www2.i-cruise.com/[email protected]&B=C> or South West <http://www2.i-cruise.com/[email protected]&B=D> portion of the USA.
2) The following describes me best; I am retired <http://www2.i-cruise.com/[email protected]&C=A>, I like luxury for less <http://www2.i-cruise.com/[email protected]&C=B>, I travel for adventure <http://www2.i-cruise.com/[email protected]&C=C>, I cruise for casual fun <http://www2.i-cruise.com/[email protected]&C=D> or my cruises are a family vacation <http://www2.i-cruise.com/[email protected]&C=E>.
3) I am under 55 years old <http://www2.i-cruise.com/[email protected]&D=A>, over 55 <http://www2.i-cruise.com/[email protected]&D=A>
-----------------------------------
ICRUISE SPECIALS FOR WEEK OF Friday , Jan 18 , 2002
For even more 7 day cruises under $500 go to http://www.icruise.com/increditble.htm <http://www.icruise.com/incredible.htm>
Royal Caribbean Cruise Line, Grandeur of the Seas, from $ 830 (Port Charges Included)
Inside cabin or $925 Ocean View ,
7 day Mexican Riviera cruise sailing roundtrip from San Diego ...
Sail date: 6/16/02
<http://www2.i-cruise.com/Specials.htm?807>
Limited time!
Carnival Cruise Lines, Carnival Victory, from $ 837 (Port Charges Included)
Inside or $978 Ocean View,
7 day Western Caribbean cruise sailing roundtrip from Miami ...
Sail date: 6/9/02
<http://www2.i-cruise.com/Specials.htm?808>
Limited time!
Carnival Cruise Lines, Paradise, from $ 979 (Port Charges Included)
Inside cabin or $1100 ocean view. SMOKE FREE SHIP!!!,
10 day Southern Caribbean cruise sailing roundtrip from Miami ...
Sail date: 5/2/02
<http://www2.i-cruise.com/Specials.htm?809>
Limited time!
Holland America Line, Maasdam, from $ 779 (Port Charges Included)
Inside Cabin or $980 Ocean View,
7 day Western Caribbean cruise sailing roundtrip from Ft. Lauderdale ...
Sail date: 4/21/02
<http://www2.i-cruise.com/Specials.htm?810>
Limited time!
Holland America Line, Ryndam, from $ 724 (Port Charges Included)
Inside Cabin or $954 Ocean view,
7 day Mexican Riviera sailing roundtrip from San Diego ...
Sail date: 11/2/02
<http://www2.i-cruise.com/Specials.htm?811>
Limited time!
Holland America Line, Statendam, from $ 1692 (Port Charges Included)
Inside cabin,
15 day Hawaii cruise sailing roundtrip from San Diego ...
Sail date: 2/26/02
<http://www2.i-cruise.com/Specials.htm?812>
Limited time!
Celebrity Cruises Inc., Zenith, from $ 467 (Port Charges Included)
Inside or $544 Ocean View,
6 day to St. Thomas and Bermuda, sailing from San Juan to New York ...
Sail date: 4/28/02
<http://www2.i-cruise.com/Specials.htm?813>
Limited time!
Royal Caribbean Cruise Line, Brilliance of the Seas, from $ 522 (Port Charges Included)
Inside or $608 Ocean view. BRAND NEW SHIP,
7 day Transatlantic crossing from Harwich England to Boston ...
Sail date: 9/8/02
<http://www2.i-cruise.com/Specials.htm?814>
Limited time!
Norwegian Cruise Line, Norwegian Sky, from $ 660 (Port Charges Included)
Inside or $753 Ocean View,
7 day Alaska cruise sailing roundtrip from Seattle ...
Sail date: 5/5/02
<http://www2.i-cruise.com/Specials.htm?815>
Limited time!
Royal Caribbean Cruise Line, Enchantment of the Seas, from $ 820 (Port Charges Included)
Inside or $886 Ocean View,
7 day Western Caribbean cruise sailing roundtrip from Ft. Lauderdale ...
Sail date: 4/7/02
<http://www2.i-cruise.com/Specials.htm?816>
Limited time!
Royal Caribbean Cruise Line, Nordic Empress, from $ 1011 (Port Charges Included)
Inside or $1221 Ocean View,
7 day cruise to Bermuda sailing roundtrip from New York ...
Sail date: 5/12/02
<http://www2.i-cruise.com/Specials.htm?817>
Limited time!
Carnival Cruise Lines, Carnival Pride, from $ 729 (Port Charges Included)
Inside or $888 Ocean View or $934 Balcony stateroom,
7 day Eastern Caribbean sailing roundtrip from Pt. Canaveral ...
Sail date: 5/4/02
<http://www2.i-cruise.com/Specials.htm?818>
Limited time!
Norwegian Cruise Line, Norwegian Sea, from $ 254 (Port Charges Included)
Inside Cabin,
3 day cruise to the Bahamas sailing roundtrip from Miami ...
Sail date: 3/8/02,3/15/02,3/22/02
<http://www2.i-cruise.com/Specials.htm?821>
Limited time!
Holland America Line, Amsterdam, from $ 7007 (Port Charges Included)
Inside or $1251Ocean View ,
7 day Alaskan Explorer cruise sailing roundtrip from Seattle ...
Sail date: 5/25/02
<http://www2.i-cruise.com/Specials.htm?822>
Limited time!
To take yourself off our specials mailing list please go to <http://www2.i-cruise.com/unsubscribe.htm> and follow instructions
All prices are per person, subject to availability, change without notice, and are capacity controlled. Unless indicated, prices do not include airfare, air taxes or government taxes/fees and port taxes. A $11 shipping and handling fee will be added. |
I attended the Senate hearing, and Murkowski strongly supported FERC's
decision and was anti- price cap throughout the hearing. In my opinion, the
author of this article misinterpreted what was going on at the end of the
hearing. Commissioner Massey was trying to offer up a letter supporting
price caps, to be placed into the record. My take is that Murkowski didn't
want the letter and, being totally skeptical of the financeability of
infrastructure under price caps, challenged Massey to come back with support
from the financial community for price caps.
"Ronald Carroll" <[email protected]> on 05/07/2001 01:16:37 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]>
cc:
Subject: Fwd: Murkowski Challenges Capitalists To Cap Runaway Power Prices In
CA
----- Message from "Tracey Bradley" <[email protected]> on Mon, 07 May
2001 10:49:32 -0500 -----
To: "Justin Long" <[email protected]>
cc: "Aryeh Fishman" <[email protected]>, "Andrea Settanni"
<[email protected]>, "Charles Ingebretson"
<[email protected]>, "Charles Shoneman" <[email protected]>,
"Deanna King" <[email protected]>, "Dan Watkiss" <[email protected]>,
"Gene Godley" <[email protected]>, "Kimberly Curry"
<[email protected]>, "Michael Pate" <[email protected]>, "Paul Fox"
<[email protected]>, "Ronald Carroll" <[email protected]>
Subject: Murkowski Challenges Capitalists To Cap Runaway Power Prices In CA
FYI
Murkowski Challenges Capitalists To Cap Runaway Power Prices In CA
In what some observers believe could be a watershed change in rhetoric,
Senate energy policy leader Frank Murkowski (R-AK) is berating the capital
community for not coming forward and detailing what kind of ceiling on
wholesale power prices it would take to insure adequate generation -- but
head off continued economic damage to the state of California.
The criticism signals that the chairman of the Senate Energy and Natural
Resources Committee has grown impatient with the hail of philosophical
charges and counter-charges that have followed FERC's April 26 order on the
California market and is turning elsewhere than FERC for a solution. Sources
also say it may be a signal that there is a majority on his committee that
would support some kind of legislative control on the wholesale power market
in the West.
"I am issuing an admonition to the financial community," Murkowski said at
the conclusion of a hearing on the recent FERC order. "If the financial
community will come in and say what terms and conditions they will need to
bring new generation into the state, we can cut through this chatter."
Among other provisions, the FERC order institutes a plan for price controls
during Stage 1 and higher power emergencies. Lawmakers at the hearing,
especially from California and the West, criticized the action as
insufficient to prevent price gouging.
FERC Chairman Curt Hebert said the limited nature of the price controls will
continue to provide the power industry with incentives to build power plants
in California.
Murkowski called on financial interests attending the hearing to settle the
debate.
"Tells us what you will or will not do under a price cap," said Murkowski.
Murkowski indicated that the answer to his question should come directly from
top figures in the financial community.
Murkowski also signaled that Congress may step in and take legislative action
on the California crisis.
"We have to question the adequacy of the order and introduce legislation to
address problems if necessary," Murkowski said.
The sentiment was echoed by other members of the Committee.
"We cannot allow our government to sit idly by and allow a tragically flawed
and easily manipulated power market wreak havoc on our economy," Sen. Maria
Cantwell told Hebert. "If you're not going to take action, Congress is going
to act."
All three FERC commissioners testified at the hearing but it was Chairman
Curt Hebert who was on the receiving end of most of the criticism.
"FERC has done a wonderful imitation of a potted plant," Sen. Byron Dorgan
(D-ND) told Hebert. "Regulation is not a four letter word. The market system
sometimes gets out of wack.
Commissioner William Massey also criticized FERC's order, and acted as
counterpoint to Hebert throughout the hearing. Commissioner Linda Breathitt
defended her support of the April 26 order.
"One thing is clear, you all don't get along very well," observed Dorgan.
"I'm amazed at what's been done," said Murkowski in defending FERC's action
over the past several weeks. "It's better than nothing."
"I've been disappointed," replied Dorgan. "I hope FERC decides it's a
regulatory body and steps up and takes some action."
Sen. Feinstein suggested to Hebert that FERC take a closer look at the impact
of skyrocketing natural gas prices on the exorbitant increase in electricity
prices in California.
In response, Hebert announced that FERC was holding a technical conference
May 24 on current and projected natural gas pipelines into California.
"I agree that this is a natural gas situation and we intend to look into this
as well," Hebert said.
Source: EnergyWashington.com
Date: May 4, 2001
, Inside Washington Publishers |
Thank you for the invitation, but I will not be able to attend. Jim Derrick
-----Original Message-----
From: Mail Delivery Subsystem <[email protected]>@ENRON
Sent: Monday, October 29, 2001 12:59 PM
To: Derrick Jr., James
Subject: Returned mail: see transcript for details
The original message was received at Mon, 29 Oct 2001 12:59:07 -0600 (CST)
from nahou-msmsw01p.corp.enron.com [192.168.110.108]
----- The following addresses had permanent fatal errors -----
<[email protected]>
(reason: 550 Host unknown)
----- Transcript of session follows -----
550 5.1.2 <[email protected]>... Host unknown (Name server: ncsc.dni.: host not found)
----- Original message follows -----
Return-Path: <[email protected]>
Received: from corp.enron.com (nahou-msmsw01p.corp.enron.com [192.168.110.108])
by postmaster.enron.com (8.10.1/8.10.1/external_corp-1.08) with ESMTP id f9TIx7301836
for <[email protected]>; Mon, 29 Oct 2001 12:59:07 -0600 (CST)
Received: from nahou-mscnx04p.corp.enron.com (unverified) by corp.enron.com
(Content Technologies SMTPRS 4.2.1) with SMTP id <[email protected]> for <[email protected]>;
Mon, 29 Oct 2001 12:59:06 -0600
Received: from NAHOU-MSMBX01V.corp.enron.com ([192.168.110.38]) by nahou-mscnx04p.corp.enron.com with Microsoft SMTPSVC(5.0.2195.2966);
Mon, 29 Oct 2001 12:59:06 -0600
X-MimeOLE: Produced By Microsoft Exchange V6.0.4712.0
content-class: urn:content-classes:message
MIME-Version: 1.0
Content-Type: text/plain; charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Subject: RE: Final 11/15 meeting notice from Tom Gottschalk, NCSC General Coun sel Committee
Date: Mon, 29 Oct 2001 12:59:09 -0600
Message-ID: <77DA52C3FD86904D8209C9750CD310B9024A6DEA@NAHOU-MSMBX01V.corp.enron.com>
X-MS-Has-Attach:
X-MS-TNEF-Correlator:
Thread-Topic: Final 11/15 meeting notice from Tom Gottschalk, NCSC General Coun sel Committee
Thread-Index: AcFgmMClVHX0tcyJEdWxIwBQi+MJ2QAEuhrQ
From: "Derrick Jr., James" <[email protected]>
To: "\"Kelly, Barbara\" <[email protected]>@ENRON" <IMCEANOTES-+22Kelly+2C+20Barbara+22+20+3Cbkelly+40ncsc+2Edni+2Eus+3E+40ENRON@ENRON.com>
Cc: <[email protected]>
X-OriginalArrivalTime: 29 Oct 2001 18:59:06.0729 (UTC) FILETIME=[C8C7B590:01C160AB]
Thank you for the invitation, but I will not be able to attend. Jim
Derrick
> -----Original Message-----
> From: "Kelly, Barbara" <[email protected]>@ENRON =20
> Sent: Monday, October 29, 2001 10:42 AM
> To: Derrick Jr., James
> Subject: Final 11/15 meeting notice from Tom Gottschalk, NCSC
> General Coun sel Committee
>=20
> > As a follow-up to my email of September 27, I want to invite you to
> join
> > Bill Ide and me in a meeting of our
> > General Counsel Committee with the top leadership of the National
> Center
> > for State Courts.
> >
> > The meeting will be held on Thursday afternoon, November 15,
> 3:00-4:30pm
> > at the Willard Hotel in
> > Washington, D.C. An agenda is attached.
> >
> > We have organized a small but committed group of general counsel who
> are
> > working with the state court leaders
> > to encourage improvements in the state civil justice system. The
> > objective of the meeting is to review priorities
> > of the NCSC's Civil Justice Reform Initiative, and discuss specific
> > actions that can be taken now.
> > Attached for your review is a pre-meeting Powerpoint presentation
> (target
> > slides 4-5, NCSC Leadership Objectives;
> > 12-17, Priorities of the NCSC's Civil Justice Reform Initiative; and
> > 20-21, General Counsel Committee Statement of Purpose).
> >
> > You can play an important role in this leadership group. Please
> reply to
> > Cyndy Breaux
> > at the National Center for State Courts, 757-259-1860 or email
> > [email protected] by November 8.
> >
> > We hope you can join us.
> > Tom
> >
> > P.S. Other good opportunities for general counsel to network and
> dialogue
> > with the NCSC leadership and the state
> > chief justices occur during the Rehnquist Award Dinner on Thursday
> > evening, November 15 and the NCSC's Justice Roundtable
> > on Friday morning, November 16. This year's Roundtable is focused
> on
> > judicial selection reform. The agenda is attached.
> >
> >
> > <<Nov15Agenda.doc>> <<NCSC-GC.ppt>> <<Roundtable01.doc>>
> >
> >
> > **********************Message via email and fax
> > transmission**************************
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
>=20
> - Nov15Agenda.doc << File: Nov15Agenda.doc >>=20
> - NCSC-GC.ppt << File: NCSC-GC.ppt >>=20
> - Roundtable01.doc << File: Roundtable01.doc >>=20
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate an=
d may contain confidential and privileged material for the sole use of the =
intended recipient (s). Any review, use, distribution or disclosure by othe=
rs is strictly prohibited. If you are not the intended recipient (or author=
ized to receive for the recipient), please contact the sender or reply to E=
nron Corp. at [email protected] and delete all copie=
s 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 any=
one as the basis of a contract by estoppel or otherwise. Thank you.=20
********************************************************************** |
A marked version of the newest version of the posting agreement against the
8/02/00 version is attached, for what it is worth.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490
----- Forwarded by Travis McCullough/HOU/ECT on 08/21/2000 06:11 PM -----
Travis McCullough
08/21/2000 06:01 PM
To: [email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected]
cc: Andy Zipper/Corp/Enron@Enron, James Grace/Corp/Enron@ENRON,
[email protected], [email protected], [email protected], Mark
Taylor/HOU/ECT@ECT
Subject: Revised eSpeed Posting Agreement
Attached is a revised draft of the Price Posting Agreement for your review.
Because text has been rearranged and several provisions have been
substantially reworded, the version of this agreement marked against the
prior version is not particularly helpful, but I am happy to provide one if
you wish.
Please note that I am the only one on the Enron working group that has seen
this revised draft; it therefore remains subject to comments by the other
members of the team.
Instead of providing a redline, I thought it would be helpful to review the
most substantive changes in this e-mail. Please feel free to give me a call
with any comments or questions.
1. As I have discussed with Stephen, you should not assume that we have
rejected any of your comments if they did not appear in the attached
version. Please contact me to discuss, or resend, any comments that you
believe that we accepted but that are not reflected in this document.
2. Several new defined terms have been added. Several definitions were
revised to reflect that eSpeed will be posting prices to a platform operated
by a separate legal entity that eSpeed will not necessarily control.
3. The defined terms "Sponsor Material Adverse Effect", "Sponsor Regulatory
Event", and "Sponsor Technological Failure" have been renamed "eSpeed ..."
instead of "Sponsor ..."
4. Sections 3(a) and (b) have been slightly reworded to reflect the multiple
platform concept. Section 3(c) was moved from Section 5. The standards for
a party's right to suspend have been revised slightly. Also, Section 4(d)
includes a right by Enron to suspend prices specifically in the event of
mapping errors; this provision also relates to the termination right in
Section 13 with respect to mapping errors.
5. Section 4 has been rewritten to reflect the multiple platforms.
6. Section 5(b) has been revised to reflect that the parties should develop a
set of ground rules for operating and maintaining the Interfaces that will
govern the parties once they commence operations.
7. Section 6 has not been changed in any significant manner, except for
Section 6(d) with respect to commissions
8. Section 7 has been moved (it was previously Section 9) and reflects our
concerns that the means by which contracts are entered into with Enron are
clearly disclosed to Participants.
9. The parity section has been revised as we discussed -- essentially, Enron
shall use "commercially reasonable efforts to ensure parity"
10. The reps and warranties and covenants have not been substantively
revised, but separate reps, warranties and covenants are made by each party
(instead of including both parties reps/warranties/covenants in the same
provision).
11. Section 12 is new. We felt that the Agreement did not clearly set forth
what would have to be done before the parties could start posting prices.
12. We have revised Section 13(a)(i) and (iii) and 13(b)(i) and (iii)
(termination events as we discussed); 13(a)(ii) and (b)(ii) are new.
13. Section 14 has been substantially revised, but is still confusing,
However, the idea is that the agreement include a single provision governing
confidentiality and that certain information that Enron is particularly
sensitive about will be kept confidential, while other information becomes
eSpeed's property at some point to do with as it wishes. Any thoughts about
clarifying Section 14 would be appreciated.
14. The Indemnity has been revised to include a separate section for each
party ((a) and (b)), but we do not believe that the substance of the prior
provision was changed.
15. We need to give further thought to Section 16 and the provisions that
eSpeed provided to us (Sections 15(e), (f) and (g) in the prior draft).
While I have discussed this with Stephen and do not object to the point that
those provisions is trying to make, the language is a bit broad in places and
we need to spend more time with it to make sure that it does not conflict
with other provisions of the Agreement.
16. I have tried to reserve the right for the parties to obtain injunctive
relief, but this section needs expansion -- and I think Stephen had some
specific thoughts about what would not be subject to arbitration.
17. The Enron Covenant added as Exhibit H is not perfect, but it is
essentially what we had contemplated providing. The Schedule A listing
Specified Products is also attached. Therefore, the only Exhibit or Schedule
missing is Exhibit I, which is the commission structure.
Please feel free to call or send a message if you have any comments or
questions regarding the atttached.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001 04:28 PM ---------------------------
From: Iris Mack/ENRON@enronXgate on 04/19/2001 03:22 PM
To: Scott Salmon/EU/Enron@Enron, Amitava Dhar/Corp/Enron@ENRON
cc: Craig Chaney/HOU/ECT@ECT, Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron, Richard Brent/EU/Enron@Enron, Ben Parsons/LON/ECT@ECT, George Albanis/LON/ECT@ECT, Vasant Shanbhogue/ENRON@enronXgate, Vince J Kaminski/HOU/ECT@ECT
Subject: RE: D&B Contact Names
Hi again,
As, I stated is a prior emails, the contact details for the RiskCalc folks are as follows:
1. Marc Brammer
Director of Strategic Sales
tel: 800.523.2627, x5706
[email protected]
2. Neal Clark
Vice President
Tel: 800.523.2627, x5701
[email protected]
Neal said that he would be willing to set up a meeting between us and their quants to better understand their model, the various inputs and whether or not the model can be tweaked for less than the 17 specified inputs.
Let me know if you guys wish to have Neal set up a conference between Moody's quants and Enron folks in Houston and London.
Ciao,
Iris
-----Original Message-----
From: Salmon, Scott
Sent: Thursday, April 19, 2001 3:00 PM
To: Mack, Iris; Dhar, Amitava
Cc: Chaney, Craig; Mumford, Mike; Kirkpatrick, Eric; Brent, Richard; Parsons, Ben; Albanis, George
Subject: RE: D&B Contact Names
Iris/Amitava,
I may have already said this, but we've had so many e-mails and telephone calls flying back and forth that I wanted to make sure I at least got this much out to you. Clearly, I would like you to set up the meeting with the RiskCalc gurus to dig deeper into their methodology (as much as they'll tell) and the impact of missing variables and any other idiosyncracies the model may have. Also try to get a better feel for how well they think the model extends to other countries. I know from a previous conversation with Lea Carty and reading about the model that it was calibrated off North American names but they suspect it might extend to other countries. Conversely, I know they are working efforts within Moody's Risk Management Services to develop private (and probably public) firm models specific to regions. One they mentioned was Australia and also within Western Europe. Data, as always, was the issue. See if the quants have any perspective on their success/plan in that area.
Lastly, we truly appreciate the aggressive efforts you both have made toward pushing off this private model initiative and I'm very confident we'll be able to nail a firm plan down upon receipt of either D&B and/or Experian data.
Cheers,
Scott
---------------------- Forwarded by Scott Salmon/EU/Enron on 19/04/2001 20:51 ---------------------------
Mike Mumford@ECT
19/04/2001 17:55
To: Scott Salmon/EU/Enron@Enron
cc:
Subject: RE: D&B Contact Names
---------------------- Forwarded by Mike Mumford/LON/ECT on 19/04/2001 17:59 ---------------------------
From: Iris Mack/ENRON@enronXgate on 19/04/2001 09:23 CDT
To: Mike Mumford/LON/ECT@ECT
cc: Amitava Dhar/Corp/Enron@ENRON
Subject: RE: D&B Contact Names
Hi,
Two RiskCalc sales people made a presentation this week about their product.
They stated that they could set up a meeting with their quants and our people to discuss the model input and what happens if we have less than 17 inputs.
Regards,
Iris
-----Original Message-----
From: Mumford, Mike
Sent: Thursday, April 19, 2001 1:37 AM
To: Mack, Iris
Subject: RE: D&B Contact Names
Ooops... part II.
I just threw out 12 as a number for something we might develop... it's really not based on anything. We know 17 will work for pre-packaged programs. We also know there will be a great number of names with less than the full 17... I assume we would pursue another model (internal or external) to provide probably less accurate numbers but at least available for names with fewer inputs.
Mike
From: Iris Mack/ENRON@enronXgate on 18/04/2001 15:02 CDT
To: Mike Mumford/LON/ECT@ECT
cc: Amitava Dhar/Corp/Enron@ENRON, Scott Salmon/EU/Enron@Enron, Eric Kirkpatrick/EU/Enron@Enron
Subject: RE: D&B Contact Names
Hi Mike,
Thanks for your email.
What do you mean by "buying blind all major data associated with these specific DUNS numbers"?
I am puzzled about why you would be looking at 17 vs 12 fields. I know RiskCalc requires 17 inputs and seem to apply that the model does not work for less than 17. Yesterday the RiskCalc sales people could not guarantte that their model would work for less than the required 17 data inputs. They suggested that this would be a question to direct towards their quants who developed the model.
Regards,
Iris
-----Original Message-----
From: Mumford, Mike
Sent: Wednesday, April 18, 2001 1:20 PM
To: Mack, Iris
Cc: Dhar, Amitava; Salmon, Scott; Kirkpatrick, Eric
Subject: RE: D&B Contact Names
Iris,
Thanks.
After our meeting we stuck around to discuss things a little further.
Specifically with respect to global counterparty names... we have DUNS cross-references on about 70 of active names (13k out of 18.5k). We could greatly accellerate purchase of some useful data by buying blind all major data associated with these specific DUNS numbers.
Pro - Data gets in on names we know we want to review ASAP, but without resolution on which specific fields are most useful. We also get to test for completeness of data (how many have all 17 fields... how many have only 12 of which fields, etc.).
Con - Costs could be significantly higher... buying info we don't know we need (converse of buying only the 17 fields doesn't seem best answer). We would end up buying additional info later... overhead costs and piecemeal buying will increase costs. IT development time would be greatly increased... multiple file formats... developing to unknown maximum size, etc.... redoing when more data is purchased.
Any thoughts.
Mike
<Embedded Picture (Device Independent Bitmap)> |
Tom,
Once again good to hear from you. Still no electricity or water, though
again luckily lap top battery working. I am also surprised able to get on
line and get through. Once electricity goes back on will probably have a
tougher time getting trhough. A bit ironic.
Took a long walk around this morning, crossing the Galata Bridge into Old
Istanbul (my neighborhood can't be called young) and saw little evidence of
damage. Suspect most of it in new construction areas out on the edge of
this huge metropolitan area, where conrers get cut. This is a poor country
with a lot of folks struggling just to put the flimsiest of roofs over their
head.
Knock on wood, but think you can all rest easy. Doesn't seem to be any fire
risk nearby, etc. Your right about nighttime timing; was on the darkened
deck of a ship in a mighty stormy sea. CNN says 7.8 or somthing in Izmit
(65 miles east of here)! I'm on the top floor and had all kinds of images
going through my head, as you can imagine.
More later. Love you too and looking forward to seeing you in October.
Mark-O
>From: <[email protected]>
>To: [email protected]
>Subject: THANK GOD--It's good to hear you're all right!!!!!!!
>Date: Mon, 16 Aug 1999 22:28:45 -0500
>
>
>
>
>______________________________ Forward Header
>__________________________________
>Subject: THANK GOD--It's good to hear you're all right!!!!!!!
>Author: Tom Skilling at WGNTV-ENG
>Date: 8/16/99 10:28 PM
>
>
> Mark----
> Thanks!!! Message received. Thank God you're OK and thanks for
> getting to me so quickly. Read the message to Dad and Mom who are
> getting on line to get your e-mail. I see you copied them.
> I really thought we might not hear from you for a while. It will
> be interesting to see if lines of communication remain open.
> Latest wire story here says 10 dead--though reports are early.
> They're saying the U.S. Earthquake information service put the quake
> at 7.3 and news reports are claiming its chaos in some areas there.
> Take care of yourself and keep in touch with us as you can, Mark.
> We love you and thank you for thinking to check with us so quickly.
> You've put our minds at ease--though I can't imagine what state that
> city is in or the extent of troubles to follow. The thing that
>really
> scared me was the fact it hit so early in the morning. That must
>have
> been frightening.
> I love you Mark. Keep in touch!
>
> Tom
>
>
>______________________________ Reply Separator
>_________________________________
>Subject: Re: earthquake---are you all right?
>Author: "Mark Skilling" <[email protected]> at Internet_TCO
>Date: 8/16/99 8:12 PM
>
>
>Just got on line. Surprised it was possible. Electricity out, so probably
>only us with battery powered lap tops clogging things up.
>
>Everything ok here, so far. Got a pretty good shake. Was out in the
>streets for a couple of hours, with everyone else. My neighborhood up on
>solid rock, so things looked mostly ok. Lots of old and bad construction
>here; stones in the street. One upper floor (abandoned) apartment half a
>block from here collapsed and much debris in the stereets. No apparent
>injuries, however, in my neighborhood. Unfortunately, other areas not so
>lucky. Saw 6.7 estimate for Izmit, the center, here (one place I passed
>had
>a genertor and had a tv out for everyone to see). Passed women praying,
>men
>reading Koran, most just huddled in groups talking. Strange being in the
>middle of it all with limited ability to communicate. Know a few folks in
>neighborhood and we had a few basic chats, though its amazing how much I
>learned even from them. Already knew the Turkish word for earthquake,
>which
>is depram (revolution is devrim) and came in handy.
>
>A few seagulls just went by and I think a neighbor down stairs up and
>about;
>mistook that comotion for an aftershock. A little rattled myself; much
>like
>after SF quake. I think memory of that still deep seeded in my
>subconscious.
>
>Again, this new technology amazes. Better get off and save my battery.
>May
>need it.
>
>Thanks for the note. It was good to see your messages there. I'll send
>this to the rest of the family, but if they call tell them I'm ok and
>worried about them worrying about me.
>
>Love,
>
>Mark
>
>
>
> >From: <[email protected]>
> >To: "Mark Skilling" <[email protected]>
> >Subject: Re: earthquake---are you all right?
> >Date: Mon, 16 Aug 1999 21:55:16 -0500
> >
> > Mark--
> > Have just received word of the earthquake there. Reports are
> > preliminary but they are reporting it hit just after 3AM your time
> >and
> > that buildings have collapsed and there are deaths--though they
> > haven't said how many. It's being estimated at 7.1.
> > I've called Mom and Dad---clearly, Mark, we're very concerned.
> > Let us know you're all right.
> > Have been meaning to get to you to say hello. Hvae been
>following
> > your e-mails.
> > We're told phone lines are out--so haven't any idea when this
> > might get to you. Please let us know you're all right.
> > Thanks Mark.
> >
> > Love,
> > Tom
> >
>
>
>______________________________________________________
>Get Your Private, Free Email at http://www.hotmail.com
>
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com |
Thank you for subscribing to the Alaska Airlines and Horizon Air Web
Specials Announcement Service.
Web Specials are a great way to save on flights with Alaska Airlines and
Horizon Air. Web Specials can only be purchased online through the Alaska
Airlines/Horizon Air Web Site.
Alaska Airlines and Horizon Air offer Web Specials for travel originating
Wednesday, 11/15/00, Thursday, 11/16/00 or Saturday, 11/18/00, and
returning Saturday, 11/18/00 or Monday 11/20/00.
Hurry, seats are limited, prices and markets subject to change.
The current specials are shown below (all fares quoted in US dollars)
without airport fees and segment tax:
Roundtrip Coach fares for travel between:
Anchorage, AK - Calgary, BC $399.00
Anchorage, AK - Fairbanks, AK $ 89.00
Anchorage, AK - Juneau, AK $149.00
Anchorage, AK - Kodiak, AK $139.00
Anchorage, AK - Kotzebue, AK $279.00
Barrow, AK - Fairbanks, AK $279.00
Boise, ID - Burbank, CA $209.00
Boise, ID - Pocatello, ID $ 59.00
Burbank, CA - Boise, ID $209.00
Calgary, BC - Anchorage, AK $399.00
Calgary, BC - Los Angeles, CA $209.00
Calgary, BC - Oakland, CA $189.00
Calgary, BC - Portland, OR $119.00
Calgary, BC - Seattle, WA $ 79.00
Cordova, AK - Yakutat, AK $109.00
Eugene, OR - Los Angeles, CA $179.00
Eugene, OR - Portland, OR $ 59.00
Fairbanks, AK - Anchorage, AK $ 89.00
Fairbanks, AK - Barrow, AK $279.00
Fairbanks, AK - Sitka, AK $279.00
Fairbanks, AK - Yakima, WA $409.00
Juneau, AK - Anchorage, AK $149.00
Juneau, AK - Ketchikan, AK $109.00
Juneau, AK - Yakima, WA $239.00
Ketchikan, AK - Juneau, AK $109.00
Kodiak, AK - Anchorage, AK $139.00
Kotzebue, AK - Anchorage, AK $279.00
Los Angeles, CA - Calgary, BC $209.00
Los Angeles, CA - Eugene, OR $179.00
Los Angeles, CA - Portland, OR $189.00
Moses Lake, WA - Orange County, CA $219.00
Moses Lake, WA - San Jose, CA $169.00
Moses Lake, WA - Seattle, WA $ 59.00
Oakland, CA - Calgary, BC $189.00
Oakland, CA - Orange County, CA $ 89.00
Oakland, CA - Portland, OR $109.00
Ontario, CA - Redmond, OR $209.00
Ontario, CA - Seattle, WA $189.00
Orange County, CA - Moses Lake, WA $219.00
Orange County, CA - Oakland, CA $ 89.00
Pendleton, OR - Portland, OR $ 59.00
Phoenix, AZ - Yakima, WA $239.00
Pocatello, ID - Boise, ID $ 59.00
Portland, OR - Calgary, BC $119.00
Portland, OR - Eugene, OR $ 59.00
Portland, OR - Los Angeles, CA $189.00
Portland, OR - Oakland, CA $109.00
Portland, OR - Pendleton, OR $ 59.00
Portland, OR - Redmond, OR $ 79.00
Portland, OR - Spokane, WA $ 60.00
Portland, OR - Vancouver, BC $ 73.00
Redmond, OR - Ontario, CA $209.00
Redmond, OR - Portland, OR $ 79.00
Sacramento, CA - Spokane, WA $129.00
San Diego, CA - Yakima, WA $239.00
San Francisco, CA - Vancouver, BC $179.00
San Francisco, CA - Yakima, WA $169.00
San Jose, CA - Moses Lake, WA $169.00
San Jose, CA - Seattle, WA $109.00
Seattle, WA - Calgary, BC $ 79.00
Seattle, WA - Moses Lake, WA $ 59.00
Seattle, WA - Ontario, CA $189.00
Seattle, WA - San Jose, CA $109.00
Seattle, WA - Yakima, WA $ 59.00
Sitka, AK - Fairbanks, AK $279.00
Spokane, WA - Portland, OR $ 60.00
Spokane, WA - Sacramento, CA $129.00
Vancouver, BC - Portland, OR $ 73.00
Vancouver, BC - San Francisco, CA $179.00
Yakima, WA - Fairbanks, AK $409.00
Yakima, WA - Juneau, AK $239.00
Yakima, WA - Phoenix, AZ $239.00
Yakima, WA - San Diego, CA $239.00
Yakima, WA - San Francisco, CA $169.00
Yakima, WA - Seattle, WA $ 59.00
Yakutat, AK - Cordova, AK $109.00
Additional markets are available at:
http://shopping.alaskaair.com/webspecials/start.asp. Check the Alaska Web
Specials page periodically as additional markets and dates may be added.
Web Special details:
Valid on Alaska Airlines or Horizon Air only.
Seats are limited and may not be available on all flights/dates.
Offer is for a very limited time and is subject to change without notice.
Valid on new bookings only.
Reservations must be made using the Alaska Airlines Web Site. Tickets
require immediate purchase by credit card when reservations are made.
Ticketing will be electronic, using Instant Ticket services.
Tickets are non-refundable, non-changeable and are of no value after the
last date of your planned travel.
Fares quoted do not include Passenger Facilities Charges of up to $12 or
segment fees of $2.50 per flight segment. A flight segment is defined as
one takeoff and one landing.
Other restrictions apply.
For special value rates at Hilton Hotels in Alaska Airlines cities visit
the Hilton Web site at:
http://www.hilton.com/specials/values/akairvalues.html
You are receiving this message today because you subscribed to our Email
Notification Service.
While we,d be pleased to continue to tell you about our great products and
prices, you can unsubscribe to our Email Notification Service by visiting
our Web site at: http://www2.alaskaair.com/listserv/webmail.asp.
Please do not respond to this message. Mail sent to this address cannot be
answered. |
Part of of the Yeager issue...
----- Forwarded by Scott Bolton/Enron Communications on 06/30/00 11:49 AM
-----
Cynthia Sandherr@ENRON
06/26/00 01:38 PM
To: Scott Bolton/Enron Communications@Enron Communications, Stephen D
Burns/Corp/Enron@ENRON, Chris Long/Corp/Enron@ENRON
cc: Joe Hillings/Corp/Enron@ENRON, Richard Shapiro/HOU/EES@EES
Subject: Regulatory Info and discussions on digital divide
fyi......
---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 06/26/2000
04:45 PM ---------------------------
From: Scott Yeager@ENRON COMMUNICATIONS on 06/26/2000 11:43 AM CDT
To: Cynthia Sandherr/Corp/Enron@ENRON
cc:
Subject: Regulatory Info and discussions on digital divide
Thanks for the note. I will call Royce. By the way there is a new book out
called "Tele-Revolution" by Richard G. Tomlinson. It has the MFS story in it.
I will be getting copy of my book for you in the next month or so.
Also attached is a new powerpoint I worked on over the weekend to use to
discuss the Regulatory issues associated with the EBS business.
Look it over and lets talk.
Here is the memo I sent out internally.
A regulatory conference call precipitated a bunch of discussion last week and
I have been talking to Griebling and Jim F.about the need for an overall
strategy from a regulatory perspective. Below is my view of the issues and
my attempt to scope the discussions that need to occur. We need to hire
regulatory group that has dealt with these issues in Wash, DC, the PUC level
the city Gov. level and Internationally. Jim F. has been given the name of a
company that knows the issues and could help us decide how to proceed. I
consider this to be a key strategic issue for the company.
Also, we must now be concerned about the rising movement in Wash. DC to
charge a tax on all revenues associated with the Internet as well as creating
a Universal services fund as a result of the Digital Divide Debate. This has
huge financial implications if we set it up wrong and they create a tax or
Universal Services fund for bridging the Digital Divide. This may be one of
the hottest topics in DC. and the mood is very much for the Democrats to push
for such a tax on all dollars spent via the Internet. This would be a huge
drain on EBS and other companies. Enron on line could also be hurt as well
as all trading deals on the net.
The other issue is the local loop for Wasabi and the implications of
extending the pooling points to multiple carrier hotels in a city. Also later
to the CO. Griebling has suggested we could file for a unique status, get
some press, and bundle numerous ideas inot an entity that could sidestep the
regulatory national and local loop issues in one fell swoop. Would be nice.
We need to decide if the entity that goes to carrier hotels is the same
entity that goes to the CO. If the entity that goes to the CO is a CAP or a
CLEC or just does a commercial deal with the CAP that does business in the
City. Should we do a deal with the CLEC to go to the CO or is the entity a
CAP or CLEC? Do we just do business with the numerous existing CLEC's? This
has huge implications to the franchise fee we would pay to be a CAP or CLEC
which would be on all revenues so we would need to limit those taxes. If we
choose to be a CLEC we would fall under the Universal Services fund and there
could be other negative and costly requirements. What entity and how we
commercially get to the CO is a key decision to make.
We also need to make sure the entity that sells bandwidth via the Pooling
points is never taxed via the Universal services fund as it exists today or
could exist in the future. The other issue is the status of the company that
owns the fiber and the DWDM equipment is it the same company as the poolling
points and the IP layer the way it is today? What about the applications
layer and what about the different commericial groups that need streams at
the applications layer and the groups that need a Tiered QoS IP cloud? Can we
claim we are not the internet and would hold a special status? Can the BOS
and the EIN allow to claim a special status and would the pooling point
extension to multiple carrier hotels allow us to have a special status?
Luckily the Technology for All TFA efforts is something we can point to to
show how proactive industry is being in bridging the Digital Divide and there
is no need for the new internet based universal service fund some are
talking about. That is one of the reasons that Ken Lay is on the board of TFA
nationally. We need to get the TFA lab installed in the DC area to show off.
Anyway, we need to now include that open issue of a potential tax on all
internet transactions in our discussions of how we structure the company and
make sure we would minimize the taxes assocated with selling things on the
Net.
Cynthia Sandherr@ENRON
06/22/00 04:43 PM
To: Scott Yeager/Enron Communications@Enron Communications
cc: [email protected]
Subject: Hello
Scott: I had the pleasure of sitting by Royce Holland at a dinner hosted by
Congressman Markey last evening. He asked me to say "hello" and ask you to
call him sometime soon so you two can get caught up on each others lives.
His phone number is 214-261-7105 and his e-mail address is listed above.
On a different matter, would you please call me on the Discovery information
I sent to you recently? My number is 202-466-9143. Many thanks. |
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/11/2000
09:59 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. |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/13/2000
04:23 PM ---------------------------
Margaret Carson@ENRON
10/13/2000 01:43 PM
To: Julie A Gomez/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON, Vince J
Kaminski/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron,
Daniel Allegretti/HOU/EES@EES, Mike McGowan/ET&S/Enron@ENRON, Lorna
Brennan/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Mark
Schroeder/LON/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kathryn
Corbally/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron
cc:
Subject: CAMBRIDGE ENERGY UPDATES ON GAS AND POWER
The CERA executive roundtable meeting summary results are as follows:
If you are interested in a complete set of the graphs from the
presentations please let me know.
ELECTRIC POWER PART ONE
PEAK TRENDS
It is noteworthy how rapidly volatility can change geographically in the
electric markets. Last year the U.S. Midwest/South areas were the
peakiest, but it reversed this year with the West being highest at
the peaks and in New England -- but only in early May 2000 were hgih
peaks apparent there.
Demand can vary from half the peak max to the max. Peakers can be on the
margin on the upper half of the supply mix in many markets. We need to
watch gas prices this winter as they can effect winter peak power
prices--not just a summer phenomenon.
Where are the most gas plants now on the margin? Ercot, FRCC, Neepool,
NYPP, SERC, WSCC
A DISCONNECT
There is a disconnect in the on-peak forward market price for power in
Texas now; with the added 5 GW Texas forward markets do not seem to
take this into account yet. (Note: Vince Kaminski) The Texas forward
market should be very soft next summer unless we return to 105 degree
F temperatures. New England is just one year behind Texas in its
overbuild.
One main reason for the spikes in Calif is power plants did not get
built in Calif due to a lack of a capacity charge ..and this is not a
panacea...as Calif also has many enviro/siting hurdles that challenge
developers who want to site as well.
.
TSUNAMI OF MERCHANT CAPACITY PLANNED?
CERA sees over 240,000 MW of planned capacity over the 2000-2005
period; with 25,000 MW being completed in 2000; 35 MW under
construction for 2001 and 15 000 MW under construction for 2002-- but
the market only needing 13 000 to 15 000 MW a year. This shall
lead to many and large deferrals and delays, especially in 2001 and
2002. What has been the recent history? US wide over the
past 3 years just 11 percent of the planned capacity was actually
finished and 18 percent of that planned was actually under
construction. They assume a 24 month construction completion time.
FOR PROFIT TRANSMISSION
Cera sees Allegheny Energy in PJM West; Entergy in SPP; Southern in
SERC and Alliant in MAPP as all for profit transcos.
TYPICAL O&M COSTS IN U.S. TRANSCOS
Why do O&M costs differ widely among transcos? Some costs are 3
to 8 times higher than the norm at
$5000 in O&M expense per 5000 system miles in size. Regulatory
overhang allows this...this is weather adjusted to remove high costs
from big freezes etc.
USING REAL OPTION MODEL VS POWER PLANT NPV
You want to try to have the base value of an asset going forward when
you expect volatility and include historical spreads and fuel/power
price swing assumptions.
CALIFORNIA MARKET IS BROKEN
This market starts to work only after it gets into a reliability
crisis. No incentives to add power plant capacity and
huge hurdles against siting even when the market signals the need is
there. Will the regulator's post 2000 fix make it worse?
PEAK POWER DEMAND FORECAST
As percent per year change vs 2000 Cera sees 2001 as follows:
New Eng / New York 6.3 / 6.2 percent
PJM / ECAR 7.7 / 4.4 percent
MAIN / MAPP 3.0 / -0.1
SERC / FRCC 1.3 / 2.3 percent
SPP / ERCOT 4.0 / 2.3
NWPP / Rockies -6.8 / -0.6
AZNM / Calif-SoNV -0.9 / 4.0
USA avg up 2.6 percent It looks like Calif. in in for a touch
summer in 2001 as well.
NATURAL GAS PART TWO
SUPPLY SHORT
Year 2001 supply rebound could be 800mmcfd to 1.0 bcfd; Canada in
2001 up only 400 a day; in the US we need 2 bcfd more supply for
2001 demand. alone let alone storage refill.... yet a
cold winter now could add 3 to 4 bcfd to demand and slash
storages. The fall in drilling in 1999 and early 2000 took 3.5 bcfd
productive capacity out of the supply pool. It will take till 2005
for US production to reach a 4.1 bcfd gain versus today's production.
ADDED GAS FOR POWER PLANTS
Right now Cera expects an incremental need for 1 bcfd next year for
these plants..this will keep prices high
MUCH MORE POWER SWING
1990 to 1992 we needed 5 bcfd for power plant swings; now we need
10 bcfd; offpeak use is even up 5 bcfd vs 10 years ago.
RESI USE IS UP
The AGA disco members adds 750 000 new gas homes each year and
this builds demand year round.
INDUSTRIAL NUG DEMAND
Of the 24 bcfd ( 8.77 Tcf) industrials gas use in the US; 8.6
bcfd ( 3.1 Tcf) of this is for power plant and non-mfg use.
HOW FAST CAN CANADA ADD?
Canada can add 3.6 bcfd by 2005 versus now; adding each year
from 2001 to 2005 as follows: 500/800/900/700/700 mcfd annually.
IS ARCTIC GAS ON THE HORIZON?
Its is far away; maybe 4 or 5 bcfd by 2015.. This means up to
2.7 bcfd to flow to Midwest by 2015 and up to 2.4 bcfd to
Calif./PNW on expansions by 2015. |
Great news! It's nice to see that hard work and a great attitude get
recognized.
Louis Casari
Vice President, Mid Office Operations
Enron Broadband Services
713-853-4302, Room EB4619
[email protected]
----- Forwarded by Lou Casari/Enron Communications on 01/15/01 09:14 AM -----
Office of the Chairman@ENRON
Sent by: Office of the Chairman@ENRON
01/12/01 07:31 PM
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 |
thanx I have the internet too
-----Original Message-----
From: Brad Gabrielson <[email protected]>@ENRON
Sent: Monday, December 03, 2001 11:34 AM
To: Dorland, Chris
Subject: Read the Part about "Chief Money Maker"
Congress to Probe Enron Downfall
AP Online via COMTEX
November 30, 2001
Enron Corp. [ENE], already jarred by a spiraling stock price, a collapsed merger and massive debt, will be under the scrutiny of Congress.
Rep. Billy Tauzin, R-La., chairman of the House Energy and Commerce Committee, on Thursday announced hearings into Enron's accounting practices and into what impact the company's problems might have on electricity and natural gas markets.
"We're very interested in how the company handled its internal books," said Kenneth Johnson, a spokesman for the congressman, adding that the committee's general counsel had been directed to investigate circumstances leading up to the collapse.
Bankruptcy may be the smartest option for Enron Corp. as the once-mighty energy trader tries to extricate itself from a tangled mess of junk credit and massive debt, a bankruptcy expert and professor said.
"I would assume it would lead to a sale of the company, which was coming anyway," said Jay Westbrook, a bankruptcy expert who teaches at the University of Texas School of Law.
"Bankruptcy provides a lot of protections that makes it easier to do, and it buys time to find out what this company's really worth. That was Dynegy's problem - trying to figure out what the company was worth."
Analysts predicted bankruptcy was Enron's only option as the humbled company limped into limited operation Thursday to let skittish traders cut ties with it. The top executive for Dynegy Inc. [DYN], Enron's smaller rival and would-be savior, also detailed how Enron's financial "decay" caused a rescue merger to crumble.
Stunned employees tried to find hope in the fact that Enron - just months ago a towering presence in the energy markets - had yet to make a bankruptcy filing.
EnronOnline, the company's Internet-based trading system, was up and running on a limited basis for traders to finish transactions and offset credit risk with the company. The site, which was the first of its kind, was shut down for several hours Wednesday after Dynegy Inc. called off the merger.
But analysts said that operation, which was Enron's chief money maker, needs cash and credit to survive - both of which are scarce for the trader.
``Everyone should have at least some skepticism that it could ever emerge from Chapter 11,'' A.G. Edwards & Sons analyst Mike Heim said Thursday. ``The energy trading business has probably taken such a hit to its reputation that it would be difficult to retrench and go forward.''
Enron officials did not return repeated calls for comment.
A haggard Chuck Watson, chairman and chief executive of Dynegy Inc., said a steady stream of revelations of weak finances and decline in Enron's core energy trading business left his company no choice but to walk away.
"This was a very difficult, complex, unprecedented decay of a company over many months," he said at a news conference. "That's a shame, because (a merger) could have worked."
Dynegy announced the rescue plan Nov. 9, knowing that Enron posted a $618 million loss in third-quarter earnings and had ousted its chief financial officer for running partnerships that allowed the company to keep half a billion dollars in debt off its books. The Securities and Exchange Commission is investigating.
But that wasn't all.
Nov. 19 Enron filed paperwork with the SEC that restated its earnings back to 1997, eliminating more than $580 million in reported income in that time span. The filing also disclosed that Enron would have to pay a $690 million debt within a week.
Enron got an extension for the debt, but its stock resumed a free-fall that had halted temporarily with the merger announcement. Dynegy started renegotiating Enron's sale price.
After falling 85% Wednesday, shares of Enron were off another 25 cents, or 41 percent, to finish at 36 cents in extremely heavy trading on the New York Stock Exchange. Enron's 52-week high was reached last December, at $84.88.
Watson said surprises in the SEC filing caused irreparable damage, even as Dynegy continued to hammer away at an agreement.
When two agencies cut Enron's credit rating to junk status Wednesday - triggering an obligation to pay debts of $3.9 billion, or nearly twice the cash the company is believed to have - Watson said he had to stop trying to save another company and protect his own.
Watson said Dynegy invoked an escape clause in the merger agreement that allowed it to back out if Enron had serious financial problems, so Dynegy won't have to pay a $350 million breakup fee.
He also said Dynegy will acquire Enron's Northern Natural Gas pipeline - which has 16,500 miles of pipelines from Texas to the Great Lakes - in exchange for the $1.5 billion part-Dynegy owner ChevronTexaco pumped into the ailing trader. "Their pipeline operation is as good as any in the industry," Watson said. "The real question is the wholesale operation, and the viability of that and how fast they can come back into the market."
Enron may challenge that acquisition, but Watson said the tradeoff ensured ChevronTexaco wouldn't be out $1.5 billion.
"That pipeline will be Dynegy's Dec. 19," he said.
Rob Doty, Dynegy's chief financial officer, said Friday that because Dynegy is the pipeline's preferred stockholder, Northern Natural Gas cannot seek bankruptcy protection without Dynegy's approval.
He said the pipeline has been a separate subsidiary of Enron for more than 20 years. Dynegy will assume $950 million of Northern Natural Gas debt, Doty said. |
BUSINESS HIGHLIGHTS
East Power Midwest Origination
Beginning late 2000, East Power Marketing implemented a complete market
coverage strategy. Since then, EPMI has begun to develop relationships with
hundreds of small &mom & pop8 municipalities. Many of these munis had no
prior contact with Enron. As a result, East Power has executed a valuable 30
MW energy call option term purchase from the Municipal Energy Agency of
Nebraska (MEAN) at a congested location.
Enron Industrial Markets
EIM has renamed Pulp, Paper & Lumber to Forest Products in order to fully
encompass our multiple product offerings.
East Power Development
The Planning and Zoning Commission for Pompano Beach, FL approved ENA's
rezoning request and site plan for the Pompano Beach Energy Center, a 510
megawatt peaking power plant. On the rezoning request, the vote was 6 to 1,
and on the site plan, the vote was 7 to 0. The rezoning request will be
forwarded to the Pompano Beach City Commission for their review.
Additionally, the Florida Department of Environmental Protection (DEP) has
announced its intention to issue an air permit for the facility.
Next steps include a DEP public hearing on Monday, March 26, and the first of
two votes on the rezoning request before the Pompano Beach City Commission,
which is scheduled for Tuesday, March 27.
IN THE NEWS
EWS Brown Bag Lunch
Mark Your Lunch Calendars Now! The next one is scheduled for Thursday, March
15, 2001 featuring Ray Bowen. He is the COO of EIM and will be discussing
Enron Industrial Markets.
Open Forum Editorial in The San Francisco Chronicle by Kenneth Lay 3/1/01
What has happened in California over the past four years is not
deregulation. It is misguided regulation.
Deregulation does not mean eliminating customer choice and competition for
most customers.
Deregulation does not mean limiting new market entrants. Fewer than five
percent of customers in California are served by competing suppliers.
Deregulation does not mean creating a single central power pool from which
all participants must buy and sell their wholesale power; the state Power
Exchange effectively replaced three monopoly buyers with one monopoly buyer.
Deregulation does not mean buying all of your commodity at the last minute,
on the spot market, rather than planning ahead and purchasing most of the
power under long-term contracts that lock in prices.
The situation in California is the result of continued regulation,
complicated by a series of natural and man-made factors.
WELCOME
New Hires
EGM - Lowell Bezanis, Owen Zidar
EIM - Eric Holzer, John Ovanessian
ENA - Mecole Brown, Nita Garcia, Ambroshia Hunter, Nikole Jackson, Junichi
Sugiura, Theresa Zucha, Cynthia Gonzalez, Scott Wilson, Kenton Schaefer,
Emily Butler
Transfers
ENA - Joseph Hardy, Nancy Vu, Lloyd Miller, Jinsung Myung, Patrick Johnson,
Jason Wolfe, Andrew Miles, Sara Shackleton
EIM - Sherri Baldwin, Debbie Chance, Rob Saltiel
EGM - Jody Crook, Neithard Foley, Juan Paysse, Bhavna Pandya, Courtney
Campbell, Terri Denning
NUGGETS & NOTES
"It is on the high side of medium to high." --Tim Battaglia, Vice
President/Steel Origination EIM (discussing the probability of a transaction
closing).
&I wanna see the phone glued to your ear!8 -- Ed Baughman, Vice
President/East Power Mid Market ENA
&REFERRALS, REFERRALS, REFERRALS! It pays to know good people." ) Ambroshia
Hunter Perry/HR ENA
You requested more info(. Proud parents Michelle Vitrella, PR coordinator,
and husband David Vitrella, manager of trading, have named their baby girl
Lily Ann. She was born on February 27, 2001.
Learning at the Speed of Enron
If you haven't had a chance to log on to www.investinme.enron.com, you're
missing a fast and easy way to gain the information you need to get ahead and
stay ahead. This new EWS training site combines everything you loved about
Ernie with much, much more. Enron employees now have the ability to register
for hundreds of classes on industry-related topics anywhere in the world.
Don't have time to attend a classroom training? No problem, you can now use
the web site to search for books, videos, CD ROM, and web-based training. All
the learning you want, anytime, anywhere. Just go to
www.investinme.enron.com and start building your future today!
NEWS FROM THE GLOBAL FLASH
Enron Wind
Enron Wind has purchased the factory facilities of the Dutch company, Aerpac,
Europe's second largest producer of wind turbine rotor blades. This move
represents a significant step towards fulfilling Enron Wind's strategic
objective of manufacturing high-quality and technically sophisticated rotor
blades in-house. Enron Wind will be using its own moulds to produce the
rotor blades. The acquisition of the Almelo-based factory facilities, which
are only 60 kilometres from Enron Wind's facilities in Salzbergen, Germany,
gives the company a convenient base for European wide distribution.
Enron applies for Greek electricity trading license
Enron, through its subsidiary Enron Power MEPE, has applied for an
electricity supply license for Greece, for the 34% market opening on Feb 19th
2001. If the license application is successful, Enron will be allowed to
approach customers consuming more than 100GWh up to a combined total peak
capacity of 350MW. In total, 4 companies have applied for power trading
licenses (Enel, ATEL and Cinergy also applied).
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. |
?
[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
[IMAGE]
Enerfax Daily
[IMAGE]
[IMAGE]
[IMAGE]
[IMAGE]
[IMAGE]
[IMAGE]
Looking for a past article or issue. Click here to use Sagewave's Search.
Enerfax Daily? -? Page ? -? November 13, 2000
[IMAGE]
[IMAGE]
Enerfax Daily? -? Page 4? -? November 13, 2000 -? ? Past Issues
Available on Sagewave
[IMAGE]
[IMAGE]
[IMAGE]
[IMAGE]
[IMAGE]
[IMAGE]
Enerfax Daily? -? Page 7? -? November 13, 2000
[IMAGE]
Enerfax Daily? -? Page 8? -? November 13, 2000
[IMAGE]
AEC Sole Owner of Express Pipeline
? ? Standard & Poor's has issued a CreditWatch update indicating that the
rating on the $146.6 million senior secured notes issued by the Express
pipeline project could be adversely affected. AEC has exercised its option
for the purchase of TransCanada's 50% interest in the Express Pipeline
Project and Marquest, a marketing vehicle directly and indirectly owned
equally by AEC and TransCanada. The project is a 1,717-mile-long pipeline
that runs from Hardisty, Alberta to Wood River, Illinois.
[IMAGE]
Financial Summary
[IMAGE]
")} TC
[IMAGE]
- blnk.gif
- img17.gif
- img18.gif
- img19.gif
- img20.gif
- img21.gif
- img22.gif
- img23.gif
- img24.gif
- img25.gif
- img26.gif
- img27.gif
- img28.gif
- img29.gif
- img30.gif
- img31.gif
- img32.gif
- img33.gif
- img11.gif
- img34.gif
- id=1381847
- img35.gif |
I would agree.
Rod Hayslett
Office 713-853-6178
Cell 713-201-6135
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)
-----Original Message-----
From: Saunders, James <[email protected]>
To: Chandler, Bob <[email protected]>; Hayslett, Rod <[email protected]>; Howard, Kevin A. <[email protected]>; Geaccone, Tracy <[email protected]>; Corman, Shelley <[email protected]>
CC: Desai, Jayshree <[email protected]>; Walters Jr., Harry <[email protected]>
Sent: Tue Feb 12 14:45:29 2002
Subject: RE: NNG 10 year valuation model
the rate model should not be adjusted...the purchaser's tax situation does not automatically
apply to the rate entity acquired...it is on a case by case basis...i highly recommend that
the step up be maintained on a separate entity
-----Original Message-----
From: Chandler, Bob
Sent: Tuesday, February 12, 2002 2:20 PM
To: Hayslett, Rod; Howard, Kevin A.; Geaccone, Tracy; Saunders, James;
Corman, Shelley
Cc: Desai, Jayshree; Walters Jr., Harry
Subject: RE: NNG 10 year valuation model
I think the deferred taxes are gone for ratemaking purposes, too. I'm checking with Patty to see how they are handling with MGT and whether we can identify some specific pipeline names from the IRS letter rulings that Dave Borcyk and Robert Guthrie have provided. The elimination of the deferred tax liabilities ought to result in a larger rate base calculation, but resulting higher rates would certainly be subject to competitive forces.
-----Original Message-----
From: Hayslett, Rod
Sent: Tuesday, February 12, 2002 2:01 PM
To: Howard, Kevin A.; Chandler, Bob; Geaccone, Tracy; Saunders, James; Corman, Shelley
Cc: Desai, Jayshree; Walters Jr., Harry; Guthrie, Robert
Subject: RE: NNG 10 year valuation model
Have to be careful that you don't lose historical data for rate purposes.
Rod Hayslett
Office 713-853-6178
Cell 713-201-6135
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)
-----Original Message-----
From: Howard, Kevin A. <[email protected]>
To: Chandler, Bob <[email protected]>; Hayslett, Rod <[email protected]>; Geaccone, Tracy <[email protected]>; Saunders, James <[email protected]>; Corman, Shelley <[email protected]>
CC: Desai, Jayshree <[email protected]>; Walters Jr., Harry <[email protected]>; Guthrie, Robert <[email protected]>
Sent: Tue Feb 12 13:57:58 2002
Subject: RE: NNG 10 year valuation model
Tax gave us the same feedback. Davis had not yet updated the model for this.
Thanks.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)
-----Original Message-----
From: Chandler, Bob <[email protected]>
To: Howard, Kevin A. <[email protected]>; Hayslett, Rod <[email protected]>; Geaccone, Tracy <[email protected]>; Saunders, James <[email protected]>; Corman, Shelley <[email protected]>
CC: Desai, Jayshree <[email protected]>; Walters Jr., Harry <[email protected]>; Guthrie, Robert <[email protected]>
Sent: Tue Feb 12 13:54:03 2002
Subject: RE: NNG 10 year valuation model
Maybe I'm not looking at this appropriately, but why didn't the deferred taxes on the balance sheet disappear as of the date of sale to Dynegy? My understanding is that the Option provided for a Section 338h10 basis step-up. That would result in NNG's paying off its deferred taxes as of the transfer date. I'm particularly interested in knowing how NNG will pay those taxes given that the note with Corporate can only be reduced to $240MM plus accrued dividends. That tax election complicates the accounting significantly.
-----Original Message-----
From: Howard, Kevin A.
Sent: Tuesday, February 12, 2002 10:35 AM
To: Hayslett, Rod; Geaccone, Tracy; Chandler, Bob; Saunders, James; Corman, Shelley
Cc: Desai, Jayshree
Subject: NNG 10 year valuation model
I met with Jayshree Desai this morning to discuss the recommended changes to the NNG valuation model. She will make these and circulate the model later today. I few items worth mentioning -
1) Capex assumptions still seem too high for 2002-2004. However, the 2002 number is some $30 million below the "Dynegy transition" capex amount shown in the 2002 Capex schedule. Can we just assume non-discretionary only with the Base Gas repurchase in 2002/2003? Any discretionary would be commercially-driven.
2) Keep O&M flat to 2001 numbers?
3) Tracy / Shelley - Any thoughts on how to incorporate the contract info to better analyze the "contract roll off" scenarios? We have just assumed the 2002 Plan with 1-2% growth rate going forward with a new rate case in effect in 2005. Rod, not sure how you want to look at rate case assumptions or expansion opportunities but we can discuss tomorrow. Recognizing the volume of NNG contract info and the time constraint we are under, there may or may not be any better alternative.
4) Rod - we have assumed an equity infusion of $175 million to re-capitalized NNG to more "reasonable" levels. I can reduce the amount to $112,500,000 which is the Citibank prepay amount allocated to NNG if that sounds reasonable.
5) We will show a reduction in A/R of $1.807 billion and a corresponding reduction in equity due to the MCTJ loan.
Any thoughts you have on the above items would be very helpful. We are trying to send out the info memo by the end of the week. This model will be the basis for the NNG valuation.
Thanks,
Kevin |
NETWORK WORLD NEWSLETTER: JEB BOLDING on
APPLICATION SERVICE PROVIDERS
01/09/02
Today's focus: Closeness and trust
Dear Wincenty Kaminski,
In this issue:
* Physical proximity and branding are top selection criteria
* Links related to ASPs
* Featured reader resource
_______________________________________________________________
WEBINAR: SUCCESSFULLY INTEGRATING YOUR NEXT GENERATION OSS
APPLICATIONS
Tune into this Webinar from RiverSoft/Network World and
discover how integrating your OSS can maximize network
availability, increase revenues and improve customer
satisfaction. Learn more now.
http://nww1.com/go/0107river18C.html
_______________________________________________________________
Today's focus: Closeness and trust
By Jeb Bolding
It's becoming apparent that in the future users will choose
service providers based upon their physical proximity and the
level of trust they inspire.
Customers want to see and touch their service provider. No
doubt customers will want to take advantage of distributed
applications. However, they also want a representative of the
service provider to be local to them, so that they can have
someone on site if there is a problem or if some planning
within the enterprise needs to take into consideration the
relationship with the provider.
The level of trust is related to branding. Right or wrong,
service provider users are concerned with the viability of
their potential partners. Seasoned service providers that have
name recognition will have the upper hand against their lesser-
known brethren. Smaller service providers could potentially
offer better products, better features, better support, and
better service-level agreements than bigger providers. But in
the market today, that probably won't make much of a
difference.
Newer, smaller providers face the dilemma of spending money
that they don't have on marketing and promotions that they need
in order to acquire additional customers and funding.
In studies Enterprise Management Associates has conducted over
the past year, the key rationales behind choosing a provider
have shifted from monetary concerns to trust-based concerns.
EMA has found that name recognition is the primary criterion
used to select among service providers that offer relatively
equal sets of features - even at the expense of cost. Following
name recognition is a local presence maintained by the service
provider.
It's probably apparent that these key criteria are also the
same bases for choosing traditional outsourcing providers. This
is why I have argued that service providers that have either a
systems integrator arm or a channel of systems integrators have
a particular strength over competitors.
I expect, then, that over time we'll see either more direct
entrants into the provider market from IBM and others, or
indirect entrants from companies such as Ernst & Young. These
companies already have tight partnerships with one or two
service providers that have already spent the necessary
millions to build out their infrastructure.
_______________________________________________________________
To contact Jeb Bolding:
Jeb Bolding is senior consultant with Enterprise Management
Associates in Boulder, Colo., an analyst and market research
firm focusing exclusively on enterprise management. Bolding has
10 years of experience in the network systems industry, most
recently with eCollege.com, an ASP for higher education, where
he was director of product development. He can be reached 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
Lesson learned: Have a back-up outsourcing plan
Network World, 01/07/02
http://www.nwfusion.com/news/2002/128499_01-07-2002.html
Breaking ASP news from Network World, updated daily:
http://www.nwfusion.com/topics/asp.html
Archive of the ASP newsletter:
http://www.nwfusion.com/newsletters/asp/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] |
COLUMBIA GAS TRANSMISSION CORPORATION
NOTICE TO ALL INTERESTED PARTIES
OCTOBER 25, 2001
Notice ID: 3210
5 - NO RESPONSE REQUIRED
SUBJECT: REVISED-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 * No restrictions for southern part of Market Area 36.
Primary receipts/deliveries only for gas delivered
in the northern portion of Market Area 36. *
Market Area 38 No Restrictions
Market Area 39 No Restrictions
Market Area 40 No Restrictions
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. |
BUSINESS HIGHLIGHTS
Enron Producer One
Enron Producer One facilitates one-stop shopping for the producer,s
infrastructure needs. Through business relationships with Hanover
Measurement Services and Applied Terravision Systems, Enron Producer One will
offer and custom-configure a number of valuable production services and
pricing plans to reduce overhead and simplify back-office tasks. Initial
products offered are well connects, transportation, marketing, measurement
and accounting services. Enron Producer One is managed and supervised by
John Grass.
IN THE NEWS
CEO says Texas in good shape for electricity deregulation
DALLAS (AP) - Enron Corp.'s chief executive and president said Tuesday he
believes that Texas energy markets are in good shape as the state prepares
for deregulation.
Jeffrey Skilling told an audience of about 400 business people at a downtown
hotel that California "has given the term deregulation a terrible name."
Electric deregulation in Texas officially starts Jan. 1. "In Texas, I think
we've got a pretty good system," he said.
In San Francisco on Tuesday, the California Public Utilities Commission
unanimously approved electricity rate increases of up to 46 percent to try to
head off blackouts this summer by keeping the state's two biggest utilities
from going under. When California officials set up deregulation they allowed
the price of wholesale electricity to rise but capped the amount companies
could charge customers, Skilling said. SoCal Edison and Pacific Gas &
Electric say they have lost more than $13 billion since last summer because
they haven't been able to pass on the high cost of wholesale electricity.
Skilling said Texans are in a much better position and shouldn't worry that
their state's deregulation would be like the California experience.
"California, they just put together a crazy system,8 he said in his first
public comments since becoming the Houston-based company's chief executive
officer in February. "The markets in California are the most regulated
markets in North America today. And that's what is causing the problem."
03/27/2001 Associated Press Newswires Copyright 2001.
WELCOME
New Hires
EGM - Charles Crow, Nancy Johnson, Gregor Lehmiller
EIM - Darrell Aguilar, LaTrisha Allen, Wesley Wilder, Ronald Barnes
ENA - Brian Cruver, Craig Dean, Martha Kessler
EnronOnline STATISTICS
Below are the latest figures for EnronOnline as of March 16, 2001.
? Total Life to Date Transactions > 813,000
? Life to Date Notional Value of Transactions > $489 billion
NUGGETS & NOTES
Enron is hosting the New York Energy Risk Management Seminar at the St. Regis
Hotel in New York City on April 5, 2001. Topics include Power Outlook,
Natural Gas Outlook, Hedging Strategies and Weather Risk Management. The RSVP
deadline is March 30th, so please contact Laura Pena as soon as possible at
x3-5376. This is a great event for "new" as well as established customers.
There will be a cocktail reception immediately following the presentations.
NEWS FROM THE GLOBAL FLASH
Enron Reopens Rassau Power Station Plans
Enron Europe submitted an application to build a 1200MW combined cycle gas
turbine power station on the Rassau Industrial Estate at Ebbw Vale, Wales in
July 1998. In November 2000, the Government lifted its stricter power
consents policy, which placed restrictions on the development of new
gas-fired power stations, and Enron is now concluding the consultation
process for the application
As part of the process, updated environmental information has been submitted
to the Department of Trade and Industry and a team from Enron will be
presenting the plans to Blaenau Gwent Council on March 26. This will be
followed by a three-day public exhibition in the local community.
Enron expects to receive a decision later in the year.
European Economic Summit: Acceleration Directives
On March 23 and 24 the European Economic Council Summit will take place in
Stockholm. At
this summit the European Commission will present to the heads of the Member
States a legislative proposal for a Directive and a Regulation that the
Commission adopted on March 13 to speed up the completion of the internal
electricity and gas markets.
Enron issued a statement to the media on the evening of Wednesday 21st March
stating that it specifically endorses the following initiatives incorporated
in the text of the adopted proposal:
Legal unbundling of the transmission and distribution networks as a realistic
solution, ensuring the independence of transmission and distribution system
operators.
Mandatory appointment of independent regulators in each country with the
obligation to fix or approve transmission tariffs before they come into force.
The current timetable proposed by the Commission: market opening for
electricity in 2003 and for gas in 2004 (industrial, commercial and wholesale
customers); and for supplies to all consumers including households by 2005.
The setting of rules in the Regulation for how power transmission tariffs can
be charged for cross-border transactions and how congestion and capacity
allocation at borders within the EU should be managed by transmission system
operators.
Enron concludes that it is encouraged by the efforts of the Commission to
accelerate the European electricity and gas market opening and the
reinforcement of third party rights of access to transmission networks. The
Commission's approach of harmonizing both the timetable and the regulatory
framework deserves support from all Member States.
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. |
Carlos, I have a bunch of comments and questions on the below. I have copied
Herman Manis on this since he wasn't part of your distribution and I want him
to read what the sales plan is to insure that he is comfortable with it and
that it agrees with what the originators and legal folks have been telling
him.
Re your email intro: 1. The amount owed to E-Next does not need to be
included in this Notice. It must be included in the second notice we must
provide to E-Next for the purchase. We refer to it as the Prepayment
Notice. 2. I don't understand the flow of the sales process for this deal.
My last understanding was that it was to be handled like the CA Development
sale. In that deal, my understanding is that ENA assigned its purchase
option to CA Dev. The sale of the LLC originally owned by ENA was sold to CA
Dev prior to the $$ flowing to E-Next for the purchase of the equipment. CA
Dev put the $$ in escrow first then we issued the purchase notice. Please
advise if this was not the case and why ENA is the entity purchasing the
equipment in this deal. Has accounting and the originator agreed on the
accounting treatment this transaction will receive based on the sale
process/flow of $$ described below?
Notice of Intent to Purchase: 1. Since CA Development was completed, the
form of the Notice has been changed to be more detailed with respect to the
underlying financing:
This letter will serve as written notice to the Administrative Agent that
(1) the Development and Construction Manager under the Development and
Construction Management Agreement dated as of December 15, 2000, among E-Next
Generation LLC, the Developer Subsidiaries from time to time parties thereto,
and Enron North America Corp., as Development and Construction Manager (as
such terms are define in such agreement), has designated [name of purchaser
and state of incorpation], as its designee pursuant to Section 6.1(a) of such
Development and Construction Management Agreement, and (2) [purchaser]
intends to purchase the Specified Option Property listed (and as defined) in
Exhibit 1 attached hereto. The applicable purchase date shall be [insert
date].
The Notice should be signed by ENA with Consent provided by Salmon Energy LLC
as purchaser.
These documents in draft form should be approved by CSFB/Milbank prior to us
sending the Notice. When the Notice is sent, the execution copies of all
documents associated with the purchase should also be sent to the appropriate
parties. Sending one package is the most expedient method and most likely to
have the documents executed in the five business days that we need. Rose
Engeldorf can provide you with the information you need for whom to send it
to.
Exhibit 1 to Notice to Purchase: As noted above, item 5 can be deleted in
this Notice. In item 6, please spell out the parties involved in the
Agreement in Principle as "the foregoing parties" can be interpreted to
include WestLB as stated in the May 12, 2000 turbine purchase agreement. As
we all know, they are not a party to the Ag in Principle. Also, Kay had been
talking with Rose about perhaps changing the AIP to become a change order to
the existing LM6000 master turbine purchase agreement. Is this happening?
If so, won't this change this description in every schedule to these purchase
agreements?
Assumption & Assumption Agreement: This Schedule 1 should mirror the
Schedule 1 in the Bill of Sale. In Schedule 2, please add an attention line
to Shazia Sarker, CSFB , Phone 212 325 9935.
Bill of Sale: In first paragraph, please correct E-Next's name. There
should not be a "I" at the end of it. Also, insert "the" before the
definition of "Developer". Schedule 1 needs to have the same changes made as
I discussed above under Notice of Intent to Purchase.
UCC-3s: Not part of your package but a required document for releasing the
equipment from E-Next to Salmon. Rose can help you insure that these are
created.
Please provide your comments to the above group along with the next draft of
documents, which should probably be ready for review by CSFB/Milbank.
-----Original Message-----
From: Sole, Carlos
Sent: Friday, April 13, 2001 11:48 AM
To: Engeldorf, Roseann; Mann, Kay; Bills, Lisa; Clark, Catherine
Subject: Turbopark Notices and Documents for Delta Turbine Sale
In connection with the required Turbopark notices and documents related to
the turbine sale to Delta, attached for your initial review and comment are
drafts of the initial notice to CSFB, an assignment and assumption agreement
and a bill of sale. Three of the turbines being sold derive from the May
2000 agreement with GE and one of the turbines being sold derives from the
April 3, 2001 "Agreement in Principle" with GE. Please note, if possible, we
would prefer not to identify what amount is owed by E-Next on the turbines
(this impacts the purchase price section in the exhibit on the initial
notice).
Lastly, as a background refresher, ENA is effectively selling 4 turbines to
Delta Power as follows. ENA presently owns 100% of Salmon Energy LLC. Delta
is going to place in escrow the monies owed on 4 turbines (as well as ENA's
profit on the transaction) and after such escrow deposit, ENA will then
proceed with the submittal of the CSFB notice and execution of the assignment
and assumption agreement and bill of sale. After these steps have occurred,
then ENA will sell 80% of its interest in Salmon to Delta Power. At some
future date, ENA's remaining 20% interest in Salmon will be transferred to
Delta.
Thank you and please call me with any questions.
Carlos Sole'
Senior Counsel
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002-7361
(713) 345-8191 (phone)
(713) 646-3393 (fax) |
Transwestern Denies Withheld Capacity to Boost Negotiated Deals
A Transwestern Pipeline executive yesterday dismissed allegations that the pipeline withheld firm transportation capacity bound for California from its recourse-rate shippers last winter in order to free up more capacity for contracts at substantially higher negotiated rates.
Mary Kay Miller, vice president of rates and certificates, acknowledged Transwestern may have had discussions and exchanged faxes (prior to posting its available capacity) with two shippers -- Sempra Energy and Richardson Products II Ltd. -- that subsequently entered into negotiated-rate transactions. But she stressed that requests for capacity by Sempra Energy and Richardson were considered "moot" by the pipeline until after the available operational capacity was posted.
"Even if they would have sent...a fax the day before" capacity became available, "it would have been irrelevant because there was no capacity posted" at that time, said Miller. Capacity requests that came in prior to Jan. 31, the day that available capacity was posted for February contracts on Transwestern, were "null and void." The only "relevant" ones were those that Transwestern received on or after Jan. 31, she noted.
Miller spent much of Wednesday on the stand being quizzed by lawyers for FERC and producers about Transwestern's methods for notifying customers about available capacity, the manner in which it chooses winning bids and about its pre-posting contacts with Sempra Energy and Richardson.
It was the first day of a FERC hearing exploring charges that Transwestern exercised market power in awarding negotiated-rate contracts that led to shippers being charged as much as $27/MMBtu last February, far in excess of the pipeline's maximum allowed rate of 38 cents/MMBtu for firm transportation service to the California border. The Commission proceeding yesterday focused on four negotiated-rate contracts of Sempra Energy and Richardson for a total 45,000 MMBtu/d of service on Transwestern during February and March.
Richardson and Sempra "clearly did not have any 'deal' entitling them to the posted capacity before it was posted," Miller said in prepared rebuttal testimony. The two companies "had the right to the capacity only 'after' they submitted their bids, 'after' the posting period ended, 'after' Transwestern determined that no other bids were submitted, and 'after' a contract was agreed upon between Transwestern, Richardson or Sempra," she noted.
Despite claims made by FERC energy industry analyst Barry E. Sullivan to the contrary, "Transwestern did not withhold capacity that otherwise could have been made available under recourse rates in order to make the capacity available under substantially higher negotiated rates," Miller testified.
Sullivan, an analyst in the FERC Office of Markets, Tariffs and Rates' (OMTR) Division of Litigation, contends that Transwestern threatened to withhold capacity unless shippers agreed to negotiated rates. In fact, he believes the pre-posting discussions between Transwestern and shippers were intended to raise doubts about the availability of capacity at the maximum recourse rate, so that shippers might be more "willing to enter into negotiated-rate contracts above the recourse rate, in the hope of securing some of the capacity if and when [it became] available." But Miller counters that Sullivan "offers not support for his claim."
She noted that even Sempra Energy and Richardson, in response to a data request by Southern California Edison, support Transwestern's claims. Both companies replied "no" when asked whether "any employee of Transwestern or any Transwestern affiliate ever indicated at any time that Transwestern would not provide the capacity at the maximum tariff rate."
The "capacity at issue was offered on Transwestern's web site at the recourse rate in the exact same manner that all other capacity is offered on Transwestern's web site at the recourse rate; there was no prohibition, restrictions, limitation, condition or suggestion that a potential shipper could not bid for the capacity at the recourse rate; and any potential shipper, including Richardson or Sempra, could have submitted a bid for the capacity at the recourse rate."
Sullivan contends that Transwestern's motive for allegedly advancing negotiated-rate transactions at the expense of recourse-rate deals was pure profit. Under questioning by Thomas J. Burgess of FERC's OMTR, Miller conceded that Transwestern earned $1.8 million from Sempra Energy's contract in March, $1.3 million from Richardson's March contract, and a "comparable" amount from Richardson's February contract. She noted the pipeline received a "substantially higher" amount as a result of Sempra's February contract, but she didn't provide an exact figure. FERC's Sullivan estimated the pipeline's profit from the Sempra February contract was more than $5 million.
Sullivan said that much of the profits that wound up in Transwestern's coffers would have gone to Sempra Energy and Richardson if they have been able to acquire the capacity at recourse rates. But Miller countered that the Commission's negotiated-rate policy "does not require a minimum level of profit to shippers or contemplate any hindsight analysis of whether shippers could have gotten a better deal or made more profits."
Furthermore, she said the Transwestern case shouldn't be used to consider changes to the negotiated-rate policy, as Sullivan has suggested. This case "is the wrong forum for such an issue because modifying the negotiated-rate policy should only be done on an industry-wide basis so no pipeline or group of pipeline customers is competitively disadvantaged." |
I wonder if a court would give this any credence?
---------------------- Forwarded by Mary Hain/HOU/ECT on 01/19/2001 03:51 PM
---------------------------
Alan Comnes
01/19/2001 12:58 PM
To: Tim Belden/HOU/ECT@ECT, [email protected], Susan J Mara/NA/Enron@ENRON,
Paul Kaufman/PDX/ECT@ECT, Jeff Dasovich/NA/Enron@Enron
cc:
Subject: Hoecker's Last Word:Calif Must Adopt 'Realistic' Pwr Plan
Nice final flame!
Hoecker's Last Word:Calif Must Adopt 'Realistic' Pwr Plan
01/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
WASHINGTON -(Dow Jones)- California officials have shown "bald disregard" for
Federal Energy Regulatory Commission authority and are pursuing short-sighted
policies that will push the state's two largest utilities over the brink and
into bankruptcy, FERC Chairman James Hoecker said Thursday.
The remarks by Hoecker, who resigned as chairman effective Thursday, came in
a highly unusual formal opinion in what represents his blistering last words
on the rapidly unraveling power crisis in California.
Hoecker lambasted Gov. Gray Davis and state policymakers for allowing the
state's power crisis to finally succumb to rolling blackouts.
State officials ignored the commission's Dec. 15 market-restructuring order
and instead embraced "conspiracy theories, resistance to more realistic
rates, and calls for palliative price caps...to obscure the issues and delay
solutions," Hoecker said.
White House-brokered negotiations to develop power-supply contracts as part
of a near-term solution are at an impasse due to "unrealistic" demands by
Gov. Davis that power providers agree to contracts at rates below their cost
of production, Hoecker said.
He further called for Davis and lawmakers to relent in their unrealistic
position that retail rates continue to be frozen at below-present-cost,
pre-1996 levels.
Unless state officials agree to pursue realistic policies, Edison
International's Southern California Edison Co. (EIX) and PG&E Corp.'s Pacific
Gas & Electric Co. (PCG), will be pushed into bankruptcy by following the
state's flawed market-restructuring law, Hoecker said.
"Perhaps bankruptcy can be averted. If it cannot, perhaps it will force
debtors, creditors and state officials to address the financial problems of
utilities in a new light, without recrimination and posturing," he said.
"Let's be realistic," Hoecker said. "Wall Street and consumers share one
critical trait: Without a reasonable, technically defensible and
comprehensive set of solutions to such crises, they have no basis for
confidence that problems can or will be managed or confidence to support
investment on one hand and political forbearance on the other."
Hoecker called for state officials to "expeditiously" implement the
provisions of FERC's Dec. 15 order.
In particular, he said, the California Power Exchange is making the financial
situation worse by ignoring the order's provision calling for suspension of
the single-price auction when prices bid exceed $150 per megawatt-hour.
"Prices above the level allowed in the Dec. 15 order (have) further
jeopardized the financial status of California utilities," he said.
Reaching a deal on forward contracts, as called for in FERC's order, is
essential, Hoecker said. "An arbitrary bottom-line solution cannot be
prescribed without regard to costs," he said.
But Hoecker reserved perhaps his harshest criticism for the state's first
legislative response to the crisis, which Davis signed into law Thursday, to
replace the California Independent System Operator's industry-participant
governing board with a board of political state appointees.
Such mixing of markets and politics on the ISO, a FERC-jurisdictional entity,
represents "an unacceptable intrusion...into federally regulated power
markets," Hoecker said.
Further, he said, FERC made "mistakes" in allowing AB 1890, the state's
electricity restructuring law, to usurp the commission's regulatory authority
over wholesale power markets in the first place.
"Because the state is now clearly a market participant, the independence of
the (ISO) board is bound to be compromised. Consequently, the state's
decisions are no longer entitled to the kind of deference we have accorded it
since AB 1890," Hoecker said.
"More than that, this action evinces a bald disregard for federal
jurisdiction and a rejection of cooperative solutions (called for in FERC's
Dec. 15 restructuring order)," Hoecker said. "I recommend that the commission
seek to enjoin this technically flawed and unlawful usurpation of its
authority."
Hoecker rejected the state's continuing call for firm price caps in the
region. "Price caps will only jeopardize reliability, mask problems
temporarily, and deter or destroy any chance to solve the long-term supply
challenge," he said.
Hoecker urged an urgent response by policymakers, regardless of whether the
utilities enter bankruptcy.
"We cannot...keep moving from one failure to the next, with no agreed-upon
objectives. The governor's stated plans are unrealistic and ours' cannot be
fully implemented without his help," Hoecker concluded. "I urge state
policymakers to reject the false illusion that going it alone will serve the
interests of California consumers."
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; [email protected]
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. |
me thinks the currency market has seen enough failed interventions that it shrugs off any intervention and may view it as a sign of weakness. me also thinks that until foreigners quit plowing all their money into the US the dollar should remain fairly strong. however, if all the hedge funds are short which i assume they would be, the turnaround will be very quick.
-----Original Message-----
From: "Eva Pao" <[email protected]>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent: Thursday, July 26, 2001 11:49 AM
To: Arnold, John
Subject: thanks, but
i took macroecon also. i'm not a proponent of open market interventions. i
am merely saying that its on the ecb radar screen and that measures will be
taken to remedy a weak euro. further, everything is psychological, a
signalling effect to move the market up is fine by me. i think overall YOU
have been extremely ineffective (just kidding, pooks).
-----Original Message-----
From: Arnold, John [mailto:[email protected]]
Sent: Thursday, July 26, 2001 9:23 AM
To: [email protected]
Subject: RE: okay here's what i got on the euro...
I'm big seller of interventions. they tend not to work. if the gas
market wants to go lower, enron coming out and buying 10,000 contracts
is not going to stop the market from going down. maybe in the short
term, but that's it. same with currencies. ECB can come out and
transfer some of its foreign reserves from dollars to Euros, but they
are limited by their currency reserves unless they want to act in the
futures market at which point they have to exit that position at some
point. i think it is more psychological than anything. i think overall
market interventions have been extremely ineffective.
> -----Original Message-----
> From: "Eva Pao" <[email protected]>@ENRON
> [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+
> [email protected]]
> Sent: Wednesday, July 25, 2001 10:51 PM
> To: John Arnold
> Subject: okay here's what i got on the euro...
>
> Here is a bio on my Business, Gov't & Int'l Economy prof. He gave a
> presentation on the stuff he did for the European Central Bank the
> other
> day. He reviewed why historically everyone looks to germany (i.e.
> Bubba) as
> a proxy for determining monetary policy in Europe. Moreover, he
> explained
> why exchange rates were the focal point in determining monetary policy
> in
> Germany. With the new ECB, the bank heads are explicitly trying to
> remove
> public focus on exchange rates. However, this effort may have led to
> the
> belief by the financial community that the ECB does not care about/
> will not
> defend the euro. He then stated that this is not true. So, I'm
> thinking
> that downside is limited. The performance of the euro has not gone
> unnoticed, especially given the critical EU goal of 2% inflation p.a.
>
> ep
>
> Bio:
> Huw Pill is an Assistant Professor of Business Administration at the
> Graduate School of Business Administration, Harvard University, where
> he
> teaches the first year required MBA course Business, Government and
> the
> International Economy.
> Having attended University College, he received an undergraduate
> degree in
> Politics, Philosophy and Economics from the University of Oxford in
> 1989. He
> received his doctorate from the Department of Economics at Stanford
> University in June 1995.
> From July 1998 until January 2001, Professor Pill was on leave from
> Harvard
> working at the European Central Bank in Frankfurt, where he was Head
> of the
> Strategic Policy Issues in the Bank's Directorate Monetary Policy.
> Prior to
> his appointment to the Harvard faculty in July 1995, Professor Pill
> worked
> in London as an economist in the Monetary and Exchange Rate Policy
> Group of
> the Bank of England's Economics Division (1990-92). He has also worked
> at
> the International Monetary Fund in Washington, DC (1994, 1995).
>
> Professor Pill's current research has two dimensions. On the one hand,
> he is
> investigating the formulation and conduct of monetary policy in
> advanced
> economies, with a focus on the implementation of the single monetary
> policy
> in the euro area. On the other hand, he is studying the role of
> financial
> liberalization and innovation on macroeconomic fluctuations. The
> latter
> project focuses on the interaction between international capital
> flows,
> exchange rate management, structural economic reforms (especially in
> the
> financial sector) and macroeconomic performance in a variety of
> countries,
> including the United Kingdom, Indonesia and Mexico. The results of
> this
> research have been published in various professional journals and
> edited
> volumes.
>
**********************************************************************
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.
********************************************************************** |
FYI, please let me know if you have any questions.
Regards,
Elizabeth.
Elizabeth Serralheiro
15/10/99 14:06
To: John Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, George
Frumkin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, [email protected], Sami
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Andrea Gavino/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gisele S
Braz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ana Cristina
Santos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Ann
Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cecilia
Morellato/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jan
Cooley/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: ESA LEGAL MANAGEMENT COMMITTEE MEETING - formerly Chief Counsel
Meeting
As per Randy Young's message below, please plan to attend to this weekly
meeting that will be held every Tuesdays at 10:00 a.m. Brazil time/7:00 a.m.
Houston time. The call-in numbers are as follow:
Domestic dial-in (US callers): (800) 649-2862
International dial-in: (847) 413-3751
Confirmation#: 1082521
Host: Randy Young
Please send me an updated report every Monday , until 5:00 p.m. and you
can still use the same table that you have being using for the formerly Chief
Cousenl Meeting.
Thanks and regards,
Elizabeth Serralheiro.
(5511) 5503-1268
---------------------- Forwarded by Elizabeth Serralheiro/ENRON_DEVELOPMENT
on 15/10/99 16:43 ---------------------------
Randy Young
15/10/99 16:13
To: Sara Shackleton/HOU/ECT@ECT
cc: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth
Serralheiro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: S. Cone Trading Issues-Request
Many thanks, Sara. I appreciate your including Andrea in these calls, and I
am sure she will try to attend as many with you as schedule allows. In the
meantime, the download once a week will certainly be helpful to me.
Sounds like a great vacation. I am jealous.
Beth, could you send Sara the call-in number and times for my weekly legal
management committee meeting?
Regards,
Randy
Sara Shackleton@ECT
10/15/99 01:42 PM
To: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: S. Cone Trading Issues-Request
Randy,
I can certainly participate in your Tuesday morning meetings (and I can
appreciate the time constraints under which Andrea is working!). I believe
that Lynn will defer to Rick's participation. Please let me know if there is
a call in number. I think that I will be able to keep you updated through
your meetings. My need for meeting with Lynn and Brent stems from the fact
that we are "offshore" Brazil and need to communicate regularly to keep the
fires burning.
Have a great weekend! I just got back from my vacation - I went to L.A. -
and the weather was extraordinary. So was the food. I'm looking forward to
Sao Paulo. Will see you soon. Sara
Randy Young@ENRON_DEVELOPMENT
10/13/99 06:59 AM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: S. Cone Trading Issues-Request
Sara,
Given the deal pressure we expect in the last quarter of 99,especially in
origination, I am trying to eliminate as many duplicative meetings as
possible. Instead of having Andrea Bertone attend this weekly meeting, could
you and Lynn Aven attend my legal staff meeting (along with Brent Hendry and
Rick Hopkinson, who are already scheduled to attend) each week? They are held
on Tuesdays at 10:00 am SP time. That way, we can get a direct report from
you with a synthesized summary of the issues. If you need to consult with
Andrea, Robert or me on an offline basis, you can let us know in the meeting,
and we will arrange a separate call. I believe this would be more efficient.
Thanks, and please let me know,
Regards,
Randy
---------------------- Forwarded by Randy Young/ENRON_DEVELOPMENT on 10/13/99
09:33 AM ---------------------------
Andrea Bertone
10/13/99 08:33 AM
To: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: S. Cone Trading Issues
OK. I'll do it.
Randy Young
10/12/99 02:17 PM
To: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: S. Cone Trading Issues
Can you try to make this? Hopefully, it will not take up much time. I would
want to get a summary download of issues from you in our weekly meetings.
Thanks, ry
---------------------- Forwarded by Randy Young/ENRON_DEVELOPMENT on 10/12/99
02:17 PM ---------------------------
Sara Shackleton@ECT
10/12/99 12:09 PM
To: Lynn Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark E Taylor/HOU/ECT@ECT, Randy
Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: S. Cone Trading Issues
In an effort to establish regular communication on the progress of trading
issues (primarily related legal and tax perspectives) in the S. Cone, Lynn
and I have agreed to conference on Friday, October 15 at 9 am (Houston time)
and weekly at that time. Would anyone else like to participate this Friday?
If you are interested in participating on a weekly basis, are Fridays at 9 am
(Houston time) convenient for you? My immediate concerns are financial
trading issues. However, we can focus on all relevant issues as we so
determine. I will create a "short list" to initiate discussion. Thanks.
Sara |
fyi
---------------------- Forwarded by Steven J Kean/HOU/EES on 12/17/99 08:32
AM ---------------------------
Gary Fitch@ENRON on 12/16/99 09:55:24 AM
To: Fred Rimington/NPNG/Enron@ENRON
cc: Robert Hill/NPNG/Enron@ENRON, Larry DeRoin/NPNG/Enron@ENRON, Dave
Rhodes/NPNG/Enron@ENRON (bcc: Steven J Kean/HOU/EES)
Subject: Black Mesa Pipeline Co
Cessna TU206G Pipeline Patrol Aircraft
Fred, below is the report from my chief of Maintenance regarding the Black
Mesa aircraft.
In a nut shell, after reviewing this information, I feel it would be
appropriate to contract for this service. The liabilities associated with it
are not worth it when you consider it can be done, probably less than you are
paying now, by a local provider and receive the same results.
We would be more than happy to provide you with an approximate value for the
aircraft and get you in touch with a broker to sell the TU206G.
If you plan on continuing this operation with the Mesa owned aircraft, I
suggest you put the responsibility in the hands of an aviation contractor who
will be ultimately responsible to Mesa, not only with the upkeep of the
aircraft, services/reports desired on patrol, but also the contracting of
flight crews.
If you desire, we will locate a contractor in Arizona to review the
operation. I would expect the cost not to exceed $2,000-$3,000 at the most.
Please call if you have any other questions or if you desire any additional
help.
---------------------- Forwarded by Gary Fitch/HR/Corp/Enron on 12/16/99
09:12 AM ---------------------------
Keith Jones
12/16/99 08:58 AM
To: Gary Fitch/HR/Corp/Enron@Enron
cc:
Subject: Black Mesa Pipeline Co
Cessna TU206G Pipeline Patrol Aircraft
Gary,
I spoke with a Mr. Sil Perla, pipeline patrol manager for Black Mesa Pipeline
Co., Tele 520-774-5076. As follows:
Aircraft: 1977 Cessna TU206G "Turbo Stationaire" Six place single engine
high wing aircraft
Hours: ACTT 3270 Engine Time since new 350 hrs PropTime since overhaul
1725.0 hrs (O/H date unknown)
Insp Program: 50/100 hr inspections and Annual Inspections. Approximately
two 100 hr inspections per year average. Last Annual inspection
completed July 1999.
1) No maintenance performed "in-house". All maintenance performed at Arizona
Aircraftsman Inc., Presscott, Arizona. This facility is a Certified Repair
Sation and a Cessna factory authorized service center.
2) Maintenance is scheduled by the pilots. Mr. Perla doesn't appear to get
envolved in the scheduling of maintenance. I spoke with Mr. John Aderholt at
Arizona Aircraftsman, Inc. and he said that the pilots schedule and deliver
the aircraft for maintenance. I asked how AD's and SB's were tracked and he
seemed to feel that they weren't. The only time AD's/SB's were checked was
when the aircraft was in the maintenance facility. Mr. Perla said he was not
familiar with Airworthiness Directives (AD's) and more or less confirmed
this. Mr. AderholtArizona Aircraftsman said the aircraft was in very good
condition and that it was a low time aircraft. He said they did very
thorough inspections and that Black Mesa usually didn't have a problem with
any needed repairs.
3) The aircraft is used twice a month and flies a 546 mile trip at 300 feet
above ground level, VFR day only. The aircraft averages 20 - 40 hours per
month. Mr. Aderholt mentioned that the aircraft had flown 50 hours since the
Annual inspection in July this year. They occasionally will have a passenger
but he said this is rare. If someone wants to fly along the patrol the
aircraft will stop and drop someone off at a plant, etc., but again this is
rare.
4) He uses "rental pilots" for the patrols. Currently he only has two he
uses. One has over 2000 multi/single time and the other has over 23000 hours
in a little of everything. The main "go-to" pilot is a gentleman named Rick
Olsen; he's the 2000 + hr guy. Mr. Perla said they both qualify for
insurance purposes.
5) The pilots will review the maintenance logs for currency and accuracy and
the repair invoices for discrepancies and action taken. Mr. Perla didn't
seem to get envolved in this. I further confirmed this through Arizona
Aircraftsman; that Mr. Perla definately does not get envolved in the
maintenance of the aircraft. He leaves it strictly to the pilots. There are
only two repetative AD's on the airplane, both due each 100 hrs.
Summary: Mr. Perla said he has been with Black Mesa for two or three years
and that he was fairly new at this. My impression is that he doesn't get
envolved with the particulars of aviation and therefore doesn't really have
much input as far as the actual operation and maintenance of the aircraft is
concerned. The aircraft itself is probably in very good condition and is a
very reliable workhorse that can endure its fair share of rough usage.
Although the aircraft is a simple and durable single engine aircraft; and its
operation is relatively easy. I believe it would be prudent to conduct a
thorough review of the aircraft and records. And establish a stable base of
operations that is familiar with the legalities, and safe operation of a
single engine aircraft. In my opinion it appears that no one is paying
attention to the details!
A few items in particular are:
a) The prop overhaul date is unkown. The factory recommends an overhaul each
five years.
b) No one is responsible for AD's and SB's. Apparently they do not go to Mr.
Perla, but to some other office.
c) Other details like ELT battery dates, operation in accordance with FAR's
etc. may not be monitered adequately.
d) Mr. Perla mentioned that he is going to have some interior work and
avionics upgrades next year. Assuming his limited knowledge of aviation,
what assurances do we have of a legal and safe installation. |
October 4, 2000
Notice 00-344
Implied Bid or Offer Functionality Returns to NYMEX ACCESS
Effective Sunday evening, October 8, 2000 (trade date October 9, 2000), the
NYMEX ACCESS electronic trading system will begin offering implied trading
functionality, pending approval of necessary rule changes by the Commodity
Futures Trading Commission. This feature will once again create "implied"
bids and offers in all futures, intra-market calendar spread, and 1:1
inter-commodity spread markets based on orders in related markets.
Implied Orders in General
Implied bids and offers are generated by the system based on individual
contract or spread orders that have been entered into the system. For
example, if someone places a spread order to buy heating oil and sell crude
oil at a set differential, the system will automatically seek the best offer
to sell heating oil and the best bid on crude oil and create an implied bid
in heating oil and an implied offer in crude oil, based on the differential
to the other market. To do this, the system examines the outright orders
(orders directly entered into the system) and creates bids and offers that
are implied by the combination of specific outright orders. The system then
creates the "implied" bid or offer and displays it as an order that may be
traded against. If a trader trades against this implied order, then the
outright orders that combined to create the implied order will trade.
Two-Way Implication Between the Futures and the Spread Markets
Orders entered into a commodity,s outright futures market will combine to
create implied spread orders both as calendar spreads and 1:1
inter-commodity spreads . The reverse is also true, i.e., orders entered
into the calendar spread market or the 1:1 inter-commodity spread market can
combine with other futures orders to create implied futures orders.
Implied Spread Orders Generated from Other Spread Orders
Implied spread orders can be created from the combination of other spread
orders. For example, two separate calendar spread orders, one to buy a
January contract and sell a February contract, and another to buy a February
contract and sell a March contract, will create an implied order for a buy
January/sell March spread. The system will also generate implied
inter-commodity spread orders from the combination of calendar spread orders
and other inter-commodity spread orders, and it will generate implied
calendar spread orders from the combination of inter-commodity spread orders
and other calendar spread orders.
Implied Order Creation and the Depth-of-Market
Implied orders will be displayed only if the implied order,s price is the
best price in the market. Consequently, a particular market,s best price
volume may be composed of outright volume, implied volume, or a combination
of outright and implied volume. The depth-of-market view of a contract will
only show this combination of implied and outright volume at the contract,s
BEST bid and offer prices. Implied orders with prices that are NOT at the
best price for a contract will NOT show in the depth-of-market view.
Please note that although the depth-of-market will not display volume from
implied orders at prices other than the best, if a sweep order (an order to
purchase a certain number of contracts within a predetermined price range) is
entered with a price that would trade through the undisplayed implied order,
the implied order will be filled.
Color Scheme to Distinguish Between Outright and Implied Orders
If the volume of the best bid or offer is due completely to outright orders,
then the color will be displayed in BLACK font. If the volume of the best
bid or offer is due completely to implied orders, then the color will be
displayed in RED font. If the volume of the best bid or offer is a
combination, then the color will be displayed in PURPLE font. (Warning: Do
not change the Bid or Ask Color price cells -- which is done in the <View>
<Preferences> <Attributes> screen --to the same colors that appear in the
Implied Prices (Full) and (Part) fields -- also located in the same <View>
<Preferences> <Attributes> screen. If you do, you will not be able to view
the implied prices.)
Cross Orders Must Be Turned Off
The current version of the implied functionality requires that cross order
entry be turned off. Therefore, there is no ability to directly enter a
cross order (a single order for a trade to be transacted for two customers
accounts by the same broker) into the NYMEX ACCESSc system (This
functionality is planned as a future enhancement). Orders should be entered
in the order received from the customers. If you have two orders in hand
that would normally be entered as a cross order, you should enter the order
received first, wait ten seconds, and then enter the order received second.
Options Orders
This release does not support implied options orders in any options market.
More Information
If you have additional questions concerning the implied market functionality,
please call the NYMEX ACCESSc Control Center (NACC) at 1-800-438-8616 US,
0800-89-0813 (UK), or 212-299-2670 (Far East). The NACC can provide you with
a more descriptive document concerning the implied functionality and answer
any questions that you may have.
__________________________________________________
Please click on the link below to indicate you have received this
email.
"http://208.206.41.61/email/[email protected]&refdo
c=(00-344)"
Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return. |
Russell,
The below two documents are the credit worksheet and the contract
relationship documents which you provided. The credit worksheet states that
the guaranty should cover ENA, EPMI, ECC and Clinton Energy Management
Services, Inc. and additionally should cover the master energy agreement with
EPMI. Do we have a date of execution or effective date for such master
energy agreement. The contract relationship document merely states that the
guaranty should cover the new master firm purchase sale agreement that ENA
is negotiating with Engage and an master energy agreement between EPMI and
____. No agreements of any type are specified for ECC or Clinton Energy
Management Services, Inc. Also, are any of the Master Swap agreements that
ENA has with Engage to be covered by the requested guaranty? I believe that
we need to get together at your convenience and determine exactly which
contracts Enron Corp. is to cover with the guaranty agreement being offered
as a part of the security for the Master Firm Purchase Sale Agreement.
Please let me know when you will be available to discuss.
Russell Diamond
10/13/2000 10:57 AM
To: Dan J Hyvl/HOU/ECT@ECT
cc: Debra Perlingiere/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT
Subject: Re: Engage
Dan,
I provided all the information that you are asking for on the original credit
worksheet I e-mailed to ENA legal on August 29. You will notice in the
comments section the Enron entities I wanted covered in the guaranty along
with the Contracts that needed to be reference. If you need a copy the
specific contracts that need to be covered they can be obtained through the
documentation group, or through 'Live Link' on our computers. Please make
note of the name change that has now occurred with respect to Engage.
Russell
Dan J Hyvl
10/13/2000 10:24 AM
To: Russell Diamond/HOU/ECT@ECT
cc: Debra Perlingiere/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT
Subject: Re: Engage
Russell,
We need closure on the guaranty issue. All of the guaranty formats you
provided to me covered specific enron entities under specific contracts that
were identified in the guaranty. If you can give me the specific contracts
for each of the other enron entities you want covered by the Gas physical
master contract of ENA whose payment obligations to Engage Energy Marketing,
L.P.you want guarantied by Enron, I will take the lead to draft the guaranty
and have it forward to Enron Corp for approval prior to sending it out as a
draft to Engage Energy Marketing, L.P.
Russell Diamond
10/13/2000 10:11 AM
To: Dan J Hyvl/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT
cc: Jeffrey T Hodge/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
Subject: Re: Engage
Dan,
This is in response to my continued efforts with legal to make note of my
intended priority of executing a Master Firm with Coastal Energy (formerly
Engage US). As previous e-mails below indicate and phone calls with the ENA
legal group and Coastal, the draft has yet to be sent out. I have confirmed
with Coastal today, they have STILL not received the draft although are
expecting this from ENA. We have outstanding exposure with this entity and
is important from a credit, legal, and contractual standpoint that an
agreement is executed. I understand that in the past they have been
unwilling to negotiate a Master although I want one put in place. Please do
what you need to, to get this draft sent to the counterparty.
Regards,
Russell
---------------------- Forwarded by Russell Diamond/HOU/ECT on 10/13/2000
10:00 AM ---------------------------
From: Russell Diamond
09/28/2000 10:07 AM
To: Dan J Hyvl/HOU/ECT@ECT
cc: Debra Perlingiere/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
Subject: Re: Engage
Dan,
Per Debra's e-mail to me, why can we not include other entities on this
guaranty, it seems we have got guaranty's in place with other counterparty's
in which they reference specific contracts as well as entities not related to
the contract, i.e. Sempra, Duke, Aquila, Dynegy,......
Dan,
I see the execution of this contract as a priority considering the trading
volumes on Enron Online and current market conditions. I know in the past,
we have been unable to negotiate a Master Firm with Engage US, although their
legal group is fully aware of our request to negotiate a contract. Please
send the draft out to the contact listed on the credit worksheet and
priortize the negotiation of this contract.
Regards,
Russell
DEBRA PERLINGIERE
09/27/2000 12:05 PM
To: Russell Diamond/HOU/ECT@ECT
cc: Dan J Hyvl/HOU/ECT@ECT
Subject: Engage
This draft has not been sent due to pending guaranty issues. The attached
has guaranties for The Coastal Corporation and Enron Corp. for 20mm / 30 mm
( per your change) and are specific to this agreement. Dan has advised the
guaranties are written for the agreement and we cannot change to include
other Enron Companies. You will need to contact Enron Corp. for a guaranty
to included other companies.
Please let me know how you wish to proceed. Finally, the contact on your
worksheet is Faye Carlin (713) 877-7133
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
[email protected]
Phone 713-853-7658
Fax 713-646-3490 |
TransAtlantic | The Atlantic Online | http://www.theatlantic.com
April 27, 2001
+ THIS WEEK ...
"I joined the baboon troop during my twenty-first year. I had never planned
to become a savanna baboon when I grew up; instead, I had always assumed I
would become a mountain gorilla." So begins Robert Sapolsky's new book, *A
Primate's Memoir,* about the time he spent in Kenya's Serengeti over the
past twenty years, researching the stress levels of a troop of baboons.
This week, we're featuring an interview with Sapolsky, a professor of
biology and neurology at Stanford. Sapolsky's interests are wide-ranging,
and our conversation with him covers everything from the shadows
colonialism still casts on Africa, to the fallacy of free will, to why he
only rates as a "pathetically low-ranking baboon." We've also included two
excerpts from *A Primate's Memoir,* so you can get a sense of Sapolsky's
witty and lively prose.
Best,
Katie Bacon
Executive Editor
The Atlantic Online
+ In ATLANTIC UNBOUND, The Atlantic's online journal ...
Unbound Fiction
A SIGN OF THE TIMES
by Joan Wilking
Apr 25 | "He's wearing one of Mom's old bathrobes, a cotton kimono, one she
and Dad bought on a trip to Japan. He's barefoot. He's been barefoot and
wearing the same kimono since I moved back in eight days ago. You can
believe me. I'm keeping count."
http://www.theatlantic.com/unbound/fiction/2001-04wilking.htm
Atlantic Abroad
LOOKING FOR LEB RED
by Velisarios Kattoulas
Apr 25 | "When I arrived at the University of London in the late 1980s, the
thing to take to parties was Leb Red--not a charming French table wine, but
a pungent, murky brown hashish from Lebanon's Beka'a Valley. Regrettably,
my fellow undergraduates majoring in Japanese were a bit square--several
have since entered finance--and by the time I fell in with the
anthropologists, Leb Red was nowhere to be found."
http://www.theatlantic.com/unbound/abroad/vk2001-04-25.htm
Interviews
ROBERT SAPOLSKY: OF MONKEYS AND MEN
by Katie Bacon
Apr 25 | "For these baboons, stress is entirely socially generated, so they
really are good models for us. Study some marginal baboon population in
some dying ecosystem and it would not be anywhere near relevant to making
sense of which middle-aged executive gets heart disease. Our stress is
created by our privileged cocooning from ecological stressors; likewise
these baboons." The author of *A Primate's Memoir* talks about his years as
a member of a troop of Serengeti baboons.
http://www.theatlantic.com/unbound/interviews/int2001-04-25.htm
Sage, Ink
Apr 25 | SMALL-TIME CROOKS
http://www.theatlantic.com/unbound/sage/ss2001-04-25.htm
A cartoon by Sage Stossel.
-------------------------------------------------------
+ In D.C. DISPATCH | from National Journal
Legal Affairs
ENACT A CIVILIZED CRIME BILL, FOR A CHANGE
By Stuart Taylor Jr.
Apr 26 | Letting defendants and convicts use DNA tests to prove their
innocence isn't being soft on crime.
http://www.theatlantic.com/politics/nj/taylor2001-04-26.htm
Media
THE CUTTING EDGE
By William Powers
Apr 26 | Strikingly, when journalists' jobs are lopped, the story doesn't
get that extra touch of care and concern.
http://www.theatlantic.com/politics/nj/powers2001-04-26.htm
Political Pulse
BUSH WINS 'LET'S MAKE A DEAL'
By William Schneider
Apr 26 | The American public put saving lives over saving face in Chinese
standoff.
http://www.theatlantic.com/politics/nj/schneider2001-04-26.htm
Social Studies
NOW IS THE TIME TO TELL THE TRUTH ABOUT RWANDA
By Jonathan Rauch
Apr 26 | With Clinton out of office, an honest inquiry into America's role
during the genocide is at last possible.
http://www.theatlantic.com/politics/nj/rauch2001-04-26.htm
-------------------------------------------------------
+ In POST & RIPOSTE | Forum Highlights
"Word Imperfect"
Is Roget's *Thesaurus* a tool for mediocrity and an agent for the
decline of the English language? Weigh in on Simon Winchester's Centerpiece
in the May issue.
http://forum.theatlantic.com/WebX?.ee6fcbf
"Exorcising Hollywood Demons"
Which Hollywood cliches and conventions do you find most annoying?
http://forum.theatlantic.com/WebX?.ee6fca2
"Russia Is Finished"
Are Russia's days as a relevant world power over? Join the discussion on
Jeffrey Tayler's May cover story.
http://forum.theatlantic.com/WebX?.ee6fcc8
"Bush's First 100 Days"
What do you make of Bush's performance so far? What effects do you predict
he will have had on this country by the end of his term?
http://forum.theatlantic.com/WebX?.ee6fdf3
... and much more.
http://www.theatlantic.com/pr/
-------------------------------------------------------
THE ATLANTIC MONTHLY EDUCATION PROGRAM
Teachers, put The Atlantic's quality to work in your classroom withour new
Education Program. Affordable rates, FREE Teacher's Guide, and FREE
instructor's copy with each qualifying order. Please visit
http://www.theatlantic.com/teach/
for details or call toll-free,(877) 299-8577.
-------------------------------------------------------
GET A RISK-FREE TRIAL ISSUE OF THE ATLANTIC MONTHLY
TransAtlantic readers, you can receive a RISK-FREE trial issue of The
Atlantic Monthly magazine. Just fill in the short form at
http://www.theatlantic.com/free/
and we'll rush our next issue to you. No obligation.
-------------------------------------------------------
To remove your name from our mailing list, send an e-mail to
[email protected] with UNSUBSCRIBE TRANSATL written in the BODY of
the message (subject text will be ignored), or go to the TransAtlantic page
at the URL below, enter your e-mail address and select "Unsubscribe."
http://www.theatlantic.com/transatlantic/
If you would like help or more information, send a message to
[email protected] with the word HELP in the BODY of the e-mail. |
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]>. |
[IMAGE] Search Delayed QuoteRT QuoteChartingEarningsRatingsCompetitionKey RatiosFinancialsInsiders
TOOLS [IMAGE] MAPS [IMAGE] STOCKS [IMAGE] FUNDS [IMAGE] PERSONALFINANCE [IMAGE] ECONOMY& BONDS
[IMAGE] At the End of the Day Today's Market DJIA 9834.68 DOWN -66.70 Nasdaq 1875.05 DOWN -5.46 S?500 1137.03 DOWN -5.63 Rus 2000 452.31 DOWN -1.59 10 Yr Bd 5.02 UP .14 DJTA 2485.60 DOWN -3.84 FTSE 100 5313.80 UP 15.10 H. Seng 11173.90 DOWN -50.90 Nik. 225 10661.00 UP 85.40 DAX 5060.94 DOWN -35.24 Today's Sectors Basic Materials -0.65 % Utilities -2.08 % Communication 0.53 % Consumer Staples -0.58 % Capital Goods -0.96 % Energy -0.8 % Financial -0.63 % Consumer Cyclicals -0.92 % Health Care 1.35 % Technology -0.84 % Transport -0.06 % (Mouse over for detail, click to launch Map of the Market) November 21, 2001 The Closing Bell Late Word on Stocks, Bonds Is No Thanks By Igor Greenwald A splendid autumn for equities ended on a sour note despite another drop in unemployment claims and an uptick in consumer sentiment. Daily Briefing Stocks to Watch Today's Top Stories [IMAGE] [IMAGE] Ahead of the Curve The Deflation Investor's Checklist[IMAGE] By Donald Luskin A deflationary spiral would be bad for stocks. But there are ways to protect your portfolio. [IMAGE] The Data Mine In Praise of Small Stuff By Christopher O'Connor They don't get much attention, but small-cap stocks have trounced their big-cap siblings this year. We found 18 that might be worth a look. [IMAGE] Stock Watch A Stock That Really Cooks[IMAGE] By Monica Rivituso Shares of Williams-Sonoma have heated up in recent months. Here's why. More Articles Advertisement Free & Instantly! Popular Forbes Columnist Ken Fisher gives you the sameQ2 Report & Forecast he writes for his Private Clients FREE & withoutobligation. Plus, visit Ken's Instant Online Money Management Seminar. Click NOW! Today's Features [IMAGE] Now What? Is It Time to Dump Your Fund? By Stephanie AuWerter We've all got losses this year. But that doesn't necessarily mean you should say goodbye. Here are four good (and four not-so-good) reasons to sell. [IMAGE] Ask SmartMoney Converting Lemons Into Lemonade By June Kim The funds in my IRA are down anywhere between 20% and 68%. Should I convert the biggest losers to a Roth? [IMAGE] Today's Topic Mutual Attraction Whatever your reasons for investing, there's a mutual fund to meet your needs. More Articles Advertisement [IMAGE] Save on Auto Insurance. It's easy to save up to $250 on quality Auto Insurance from The Hartford. Click here for a free online quote or to find a local Hartford agent. Breaking News Investors Knock Stuffing out of Enron Shares Consumers Perk Up as Jobless Claims Fall Spam Sales Fatten Hormel's Bottom Line Chiron's Sepsis Drug Suffers Setback WWF Wrestles With Slowing Economy WellPoint Expands to East Coast Mohawk Gobbles Up Dal-Tile Amgen Boosts Growth Outlook Analog Devices Net Plummets VA Linux Deficit Widens Coca-Cola Cans Top Ad Exec Online Retailers Brace for Holiday Deluge Complete News Coverage Insurance Center The one place where you can get multiple insurance quotes and apply directly for a loan. Your source for the best quotes on auto, health and disability, home owners and life insurance, and annuities. Insurance Quotes SmartMoney MagazineFree Gift For Gift Givers Take this special, limited-time offer to give SmartMoney magazine at our lowest gift rate, 12 issues for $15, and receive the new "hot-off-the-press" SmartMoney Retirement Guide with your paid order. We'll also send Free gift cards to announce your gift of SmartMoney, the only magazine of personal business from The Wall Street Journal. For details visit: SmartMoney Gift Subscription Free Retirement Guide Receive our FREE, "hot-off-the-press" Retirement Guide with your subscription to SmartMoney: The Wall Street Journal Magazine of Personal Business. Plus, this limited-time offer is at our low-direct-to-public rate, 12 issues for just $15! The editors of the Wall Street Journal have packed the new SmartMoney Retirement Guide with all the basics you need in concise, everyday language. Don't miss it: Subscribe to SmartMoney [IMAGE] If you have any questions or problems, please email us at: [email protected] You have received this email because you have opted-in to receive information from SmartMoney.com. To unsubscribe from this mailing please follow this link . To change your preferences, visit our site at http://www.smartmoney.com/mailinglist . If you're having difficulties viewing this newsletter, you should change your preferences to "Text" at the above URL. [IMAGE] [IMAGE] [IMAGE] Soar Above the Fray Get a bird's-eye view of 1,000 stocks in an instant with our Real-Time Market Map 1000 . Our most powerful map yet comes with screens, ratings, and much more. Available only with SmartMoney Select. Subscribe today for a free two-week trial! [IMAGE] [IMAGE] [IMAGE] Hot Wheels? Wondering how much those interest-free car loans can really save you? Want the scoop on the hottest vehicles rolling off the assembly lines? Our Auto Center can help. [IMAGE]
[IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]
[IMAGE] Smartmoney.com Daily Views SmartMoney.com ?2001 SmartMoney. SmartMoney is a joint publishing venture of Dow Jones & Company, Inc. and Hearst Communications, Inc. [IMAGE] [IMAGE] [IMAGE] |
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/16/2000
08:36 AM ---------------------------
"Philip Merrill" <[email protected]> on 06/16/2000 08:17:03 AM
Please respond to <[email protected]>
To: "Abe. Riazati" <[email protected]>, "Alexander Vaninsky"
<[email protected]>, "Andrew Katz" <[email protected]>, "Andrew Maxwell"
<[email protected]>, "Andrew Osterland"
<[email protected]>, "Andrew Porter" <[email protected]>,
"Andy Anderson" <[email protected]>, "Anthony. Capozzoli"
<[email protected]>, "Baxter Gillette"
<[email protected]>, "Benton Brown" <[email protected]>,
"Bernard_Lee" <[email protected]>, "Beth S. Daniel"
<[email protected]>, "Bill" <[email protected]>, "Bill Lacy"
<[email protected]>, "Bob Anthes" <[email protected]>, "Borris Ashavsky"
<[email protected]>, "Bryan Feierstein" <[email protected]>,
"Carolyn_Loverro" <[email protected]>, "CFA Maruti D. More"
<[email protected]>, "Cheri Kalman" <[email protected]>, "Chris Lewis"
<[email protected]>, "Christine Y. Zhao" <[email protected]>, "Cort
Shurtleff" <[email protected]>, "David Hall"
<[email protected]>, "David Routt" <[email protected]>, "David
Rusate" <[email protected]>, "David Shimko"
<[email protected]>, "David Stringfellow" <[email protected]>, "Dean
Kloner" <[email protected]>, "Diana P. Diaz"
<[email protected]>, "Dilip S. Kumar"
<[email protected]>, "Don Muma" <[email protected]>, "Don
Stowers" <[email protected]>, "Donna Jones" <[email protected]>,
"Doug Hoffman" <[email protected]>, "Doug Pittera"
<[email protected]>, "Doyle_Robin" <[email protected]>, "Dwight
Cass" <[email protected]>, "Erik Helland" <[email protected]>, "Frank
McEwan" <[email protected]>, "Giancarlo Ranzini" <[email protected]>, "Gordon
Goodman" <[email protected]>, "Gregory Marposon"
<[email protected]>, "H Brett Humphreys"
<[email protected]>, "Igor Bidny" <[email protected]>, "Ihalasz"
<[email protected]>, "Ira Kawaller" <[email protected]>, "J. Hinke (Jack)"
<[email protected]>, "James Johnson" <[email protected]>, "James P.
Crimmins" <[email protected]>, "Janie. J. Chen" <[email protected]>,
"Janis_Elfving" <[email protected]>, "Jason Taitt"
<[email protected]>, "Jeffery Wallace" <[email protected]>,
"Jitendra D Sharma" <[email protected]>, "Jjohnston"
<[email protected]>, "JOEL S. STIEBEL" <[email protected]>, "John Brabury
CPA" <[email protected]>, "John J. Janney" <[email protected]>, "John
Krueger" <[email protected]>, "John. Digenan"
<[email protected]>, "Jon Freund" <[email protected]>,
"Josh Kirschner" <[email protected]>, "Josie Palazzolo"
<[email protected]>, "Kelly Ardrey" <[email protected]>,
"Kelly Audrey" <[email protected]>, "Ken Moll"
<[email protected]>, "Kenneth King"
<[email protected]>, "Larry Darby" <[email protected]>, "Larry
Schwarz" <[email protected]>, "Laurence Hitchens" <[email protected]>,
"leslie Abreo" <[email protected]>, "Lisa Williams"
<[email protected]>, "Marc F Wittmer"
<[email protected]>, "Marco Ossanna" <[email protected]>, "Maria Nordone"
<[email protected]>, "Mark Abbott" <[email protected]>, "Martin Kelly"
<[email protected]>, "Martin. A. Makulski"
<[email protected]>, "Michael Driscoll"
<[email protected]>, "Mike Parlapiano" <[email protected]>,
"Mike Smith" <[email protected]>, "Mike. Kotzan" <[email protected]>,
"Moy_Chan" <[email protected]>, "Nancy Merola" <[email protected]>,
"Paige Grumulaitis" <[email protected]>, "Pamela Jasper"
<[email protected]>, "Paul Vedova" <[email protected]>, "Peter Casanas"
<[email protected]>, "Peter Connors" <[email protected]>, "Ph. D.
Joshua Musher" <[email protected]>, "Rajesh Mirpuri" <[email protected]>, "Randy D
Wilson" <[email protected]>, "Randy Katzenstein" <[email protected]>,
"Richard McMahon" <[email protected]>, "Rick Rexon" <[email protected]>, "Rita
Previtali" <[email protected]>, "Robert A Krizner"
<[email protected]>, "Robert Cataldo" <[email protected]>, "Robert Lally"
<[email protected]>, "Robert M Traficanti" <[email protected]>,
"Robert McDonough" <[email protected]>, "Robert McLaughlin"
<[email protected]>, "Robert P Sullivan"
<[email protected]>, "Roger Beckwith" <[email protected]>,
"Roger Pearson" <[email protected]>, "Ron Baker" <[email protected]>, "Ron
Frisk" <[email protected]>, "Rudy Henkel" <[email protected]>, "Sajjad
Rizvi" <[email protected]>, "Santa Marletta" <[email protected]>, "Stephen
T. Haynes" <[email protected]>, "Steven Berley" <[email protected]>,
"Steven Carlson" <[email protected]>, "Steven. J. Lerit"
<[email protected]>, "Sudha Yerneni" <[email protected]>, "Susan
Mangiero" <[email protected]>, "Tess Chi" <[email protected]>,
"Thomas Schimelpfenig" <[email protected]>, "Thomas_Traub"
<[email protected]>, "Tim. MacDonald" <[email protected]>,
"Todd A Johnson" <[email protected]>, "Tony Blinfanti"
<[email protected]>, "Vice-President Mark Williams"
<[email protected]>, "Vince Kaminski" <[email protected]>, "Vipul
Kadakia" <[email protected]>, "Wayne Caviness" <[email protected]>,
"Wilfred Romero" <[email protected]>, "Young Lee"
<[email protected]>
cc:
Subject: FAS 133 Amendments Available For Download
The standard is now available on the FASB's website until 6/30.
Go to HTTP://fasb.org click first Financial Accounting Standards Board click
first item FAS 138 on FASB home page. |
Political/Security Update:
Headlines
? Taliban to declare "Jihad" against the US if Afghanistan targeted; heightening expectations for retaliatory attacks against US targets.
? Bush stokes unease among allies and international press with call for Bin Ladin to be brought to the U.S., "dead or alive."
? Taliban offers to deliver Bin Ladin to a third country, likely a Muslim country. Offer almost certain to be rejected by Bush Administration.
? FBI arrests five additional suspected hijackers; raising expectations for further attacks
? U.S. officials to meet with Saudi Foreign Minister in Washington; questions to be asked about involvement of sons of Saudi diplomat in attacks
Analysis
? Efforts by the Bush Administration to build a multilateral coalition against terrorism will have to address two key foreign policy issues: Iraq and the Israel-Palestinian peace process. Missteps in either area could weaken the emerging multilateral coalition against terrorism and have important implications for the oil market.
? For a multilateral approach to work in the long term, the Administration will need to provide countries with incentives to cooperate in the anti-terrorism campaign, especially in places such as the moderate Arab states where dismantling the networks suspected of supporting terrorist groups will involve moving against internal targets. Moreover, the Administration will need to deal with the root causes that provide willing cadres to extremist groups, especially economic problems and political disenfranchisement. Dealing with all of these factors will necessitate US financial support as well as greater US imagination in dealing with lingering regional issues.
Policy towards Iraq.
? Washington appears to be resisting attempts to broaden its attacks to include Iraq at this point, despite internal and external pressure for such action. This will be a leading indicator, assuming that no firm proof of Baghdad's involvement in the bombings is uncovered. A more aggressive US approach towards Iraq has seemed likely since July when Moscow blocked the introduction of "smart sanctions" during the last rollover of the Oil-for-Food program.
? However, given regional sensitivities in the Arab world to Washington's Iraq policy and the interests that states such as Russia and to a lesser extent China have in the country, the Bush Administration cannot have both a genuinely multilateral approach to anti-terrorism and an unilateral hard-line Iraqi policy. It will need to chose between one or the other.
Israeli-Palestinian peace process.
? Without an equitable solution to this conflict, most experts believe that the Bush team's anti-terrorism coalition is doomed to failure.
? Initially, at least, the signs are not good: the Sharon government in Israel has been resistant to US pressure to rein in its aggressive policies towards the Palestinians
? Washington's willingness to confront Israel on this issue will give a clue to its willingness to stay the anti-terrorism course and hold its broad coalition together.
Market Update:
US Equities:
? Next 48 hours seen as critical after yesterday's losses and Fed cut. 8750 on Dow seen as key resistance point: looking for decisive close below 8750, not just intra-day test. Downside risk seen to 7500 if the 8750 area doesn't hold: 7500 key b/c it was the nadir of Asian crisis.
? Two Wildcards: Company Warnings: Will the torrent continue? (Slight positive coming out of Oracle); War: Issue remains scope, duration.
Asia Overnight:
? Bank of Japan, with little headline opportunities to ease, but after much speculation and criticism did cut its discount rate 15bps to .1% from .25% late in Tokyo today. The Nikkei closed up 175.47.
Europe:
? Equities: European markets are down (as of 0630 CDT) uniformly around 2% but most of the losses were at the opening with stability since.
? Currencies: US$ steady in European trading with marginal gains against most currencies. There may be uncertainty about the $ but conversations over the last two days uniformly confirm that there is no renewed confidence in the Euro. The Swiss Franc continues to be the biggest beneficiary of the crisis.
? Central Banking: The Bank of England MPC decided to cut this afternoon, but only 25bps: less and later than expected. The monthly inflation numbers complicated the picture with a higher than expected rise, rising +.4% in Aug and now +2.6% annual, rising above government target of +2.5% for the first time in 28 months.
? European airlines: Mirroring American counterparts' woes in today's trading: KLM issued a profit warning, Virgin cut jobs, Alitalia appealed for government assistance; all airlines are off in trading , though not as badly as in US
Infrastructure
Nuclear Power
? Delegates from 132 nations opened the annual International Atomic Energy Agency conference Monday with calls for tighter security - and admissions that little can be done to shield a nuclear power plant from an airborne assault.
? The architects of the world's nuclear plants designed them more with ground vehicle - not airborne - attacks in mind.
? The buildings that house nuclear reactors themselves are far smaller targets than the Pentagon posed, and it would be extremely difficult for a terrorist to mount a direct hit at an angle that could unleash a catastrophic chain of events
? U.S. experts are proposing the installation of anti-aircraft weaponry manned by military personnel who would be stationed outside the nation's 104 commercial reactors
Airlines
Attorney general John Ashcroft assigns federal agents to domestic commercial flights; said law enforcement officers believe there is a continuing threat because "associates of the hijackers that have ties to terrorist organizations may be a continuing presence in the United States." |
Darrell and I appreciate Heidi "volunteering" to make another trip to Seoul and we recognize she is going out of her way to assist EGA on this issue. Darrell felt Heidi earned the trust of the SK accountants during the audit and this would help us receive the additional information we need quickly. As Beth states below, EGA will go with Heidi and take the ball to make sure all the issues are resolved.
Again, we appreciate Heidi and her extra effort and Beth working with us on this issue.
Sommers
-----Original Message-----
From: Apollo, Beth
Sent: Wednesday, May 30, 2001 6:15 PM
To: Causey, Richard; Buy, Rick; Beck, Sally
Cc: Port, David; Sommers, Jeffrey E.; Dyson, Fernley
Subject: Action plan on Seoul Issue from recent Doorstep
We had a conference call this afternoon to discuss the next steps
(Participants: Beth, Shona, David Port, Jeff Sommers, John Bergren(EAS), Heidi Mason (person who did Seoul Doorstep from Australia), Darrell Kinder (in charge of the Enron Seoul office and the SK relationship))
The net result of our discussion was that Heidi will be making another trip to Seoul (in 2 weeks) to scope out the deals since the inception of the JV (Jan 99) and to validate that the assumptions that she made in her analysis are correct. One of Jeff Sommers' people from Houston will accompany her in order to meet some of the people there and take a hand off from Heidi(since she has a day job in Australia)in terms of following up to see that these issues are resolved.
Major Issues to be looked at on round 2: -- see further detail from Heidi below
1. Figure out if SK Gas really is intentionally running unprofitable transactions thru the JV with their 100% owned entity SK Global and quantify(note the $.5mm below is on an accrual basis not MTM)
2. Emphasize the need to both the JV and to Enron SK that they need to formalize a trading policy(brought up by AA in the doorstep they did a year ago)
3. Take a deeper look at their International sales(outside of Seoul) as there are much fewer controls in place; credit issues could be a problem
4. Propose some regular reporting that should go to the Enron JV people to monitor transations and improve communication
I know Heidi is not thrilled about going back(she had to eat meals with locals who were eating eye balls!)and she is very busy running the Australian operations and back office, but knows that this is an important issue. Darrell Kinder feels like she will get the best results. Fernley, just an FYI to you, so that you know she will be heading back there for a few days.
Jeff and I will schedule a seperate download session with the 3 of you for the SK Gas JV once the next trip is complete.
Beth
-----Original Message-----
From: Mason, Heidi
Sent: Wednesday, May 30, 2001 3:31 AM
To: Shona Wilson@Enron; Apollo, Beth; Kinder, Darrell; Ford, Allan
Subject:
Preliminary to tomorrow's call I have been talking to Darrell about the additional work that we need to look to do at SK Gas.
At a minimum, the things I believe we need to do are:
Obtain details of the profitability of all affiliated company deals for the period since inception of the JV. I have received from SK Gas a break-up of the total P+L for 2000 by transaction type. It is the Cargo trading as per below that we are interested in. Overall there appears to be little movement therefore in the net profit for the year to 31/12/2000 v the rolling 12 months we have.
<< OLE Object: Picture (Metafile) >>
The data that we have for May 2000 to April 2001 indicates a total loss for trading with SK Global of approx 0.5mn and this is after the inclusion of the one large profit deal that made 0.5mn. Without that deal the loss would have been 1mn dollars versus a profit of 1.8mn on trades with independant counterparties, which is the main reason why we feel we need to further assess these deals further. Regardless of the outcome of the testing however, we need a better process to allow for a current review of these deals either before or when they are done, in line with the JV agreement.
We need to determine from SK Gas, their trading policy, be this written or verbal. There may perhaps be a reason why the deals with SK Global show a more frequent loss if, for example, SK Global take shipments that SK Gas can not sell elsewhere ie a buyer of the last resort? Without knowing the policy it is very hard to come to any clear conclusions as to the trend seen to date.
We need to review the circumstances of some of the larger SK Global deals to try and assess why they were loss making trades. Again, without knowing the trading policy and doing the review so far in arrears, makes it difficult to effectively review all the circumstances of the trade. Therefore, going forward we need to ensure that we implement a policy that ensures SK Corp staff are able to review these trades as they occur when the market factors are more to hand.
I have discussed with Darrell the option of using resources closer to hand to resolve this, but appreciate his comments that due to the sensitive nature of the arrangements, this will be less than ideal. At the same time, I am not available until the week of the 18th, so timing may also be an issue. Allan Ford is not available to come with me, but I do have an additional resource from Australia if required. Again, there may be an option to use someone else from the region, or AAs who we will need as translators anyway.
Happy to get all feedback and ideas on this plan for tomorrow as I want to have the most comprehensive work plan possible in place before we leave to ensure the visit is as efficient as possible.
Thanks
Heidi
****************************************************************************
Heidi E Mason
Chief Financial Officer
Enron Australia
Telephone: 612 9229 2335
Facsimile: 612 9229 2352
Email: [email protected] |
<! >
<! >
<! ATTENTION!>
<! You are reading this message because your mail reader cannot display this HTML message.>
<! To view this special opportunity please,>
<! click the link below or copy it into a web browser.>
<!
http://216.229.129.46:8080/ss?click&cunard&3bcc9d75
>
<! >
<!-- EMAIL PAGE WRAPPER -->
<HTML>
<HEAD>
<TITLE>Don't miss the QE2 Holiday Cruise!</TITLE>
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1">
</HEAD>
<BODY BGCOLOR=#FFFFFF>
<table width="600" border="1" cellspacing="0" cellpadding="0" align="center" bordercolor="#000000">
<tr>
<td height="744">
<table width=600 border=0 cellpadding=0 cellspacing=0 height="736">
<tr>
<td rowspan=5 valign="top"><a href="http://216.229.129.46:8080/ss?click&cunard&3bcc9d22"><img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_01.jpg" width=236 height=430 align="top" border="0"></a>
</td>
<td colspan=2 valign="top"> <a href="http://216.229.129.46:8080/ss?click&cunard&3bcc9f98"><img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_02.gif" width=364 height=96 align="middle" border="0"></a></td>
<td> <img src="images/spacer.gif" width=1 height=96></td>
</tr>
<tr>
<td colspan=2 valign="top"> <img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_03.jpg" width=364 height=178 align="top"></td>
<td> <img src="images/spacer.gif" width=1 height=178></td>
</tr>
<tr>
<td rowspan=5 valign="top"> <img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_04.jpg" width=56 height=462 align="top"></td>
<td rowspan=5 valign="top">
<p align="left"><font face="Arial, Helvetica, sans-serif" size="2">Book
the most exciting holiday ever aboard Queen Elizabeth 2 and experience
what it’s like to have our world-famous staff on hand to attend
to every detail. That leaves you free to enjoy our Christmas and
New Year’s gala celebrations with your family.<b></b></font></p>
<p align="center"><font face="Arial, Helvetica, sans-serif" size="2"><b><font face="Arial, Helvetica, sans-serif" size="2"><b><font face="Arial, Helvetica, sans-serif" size="2"><b><font face="Arial, Helvetica, sans-serif" size="2"><img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_05.jpg" width=110 height=95 align="left"></font></b></font></b></font><font color="#CC0000"><a href="http://216.229.129.46:8080/ss?click&cunard&3bcc9d44">December
22nd, 2001 to<br>
January 5th, 2002</a></font></b><br>
<i><font color="#003300">14 days <br>
Round-trip Ft. Lauderdale</font></i></font></p>
<p align="center"><font face="Arial, Helvetica, sans-serif" size="2"><font color="#003300">Ports
of call: <br>
St. Croix, St. Kitts, Martinique, Barbados, St. Lucia, Grenada and
Curacao</font></font></p>
<hr>
<div align="center"><font face="Arial, Helvetica, sans-serif" size="2"><b>For
Reservations Call 1-800-7-CUNARD <br>
or any Travel Agent</b><br>
<br>
Visit us on the web @ <a href="http://216.229.129.46:8080/ss?click&cunard&3bcc9d22%20">cunard.com</a>
<br>
America Online Keyword: Cunard</font> </div>
<hr>
<div align="right"><font face="Arial, Helvetica, sans-serif" size="2"><i><font size="1"><br>
*Certain restrictions may apply<br>
<br>
<a href="http://216.229.129.46:8080/ss?click&cunard&3bcc9f98" target="_blank">CLICK
HERE TO BOOK NOW!!!.</a></font></i></font></div>
</td>
<td> <img src="images/spacer.gif" width=1 height=1></td>
</tr>
<tr>
<td> <img src="images/spacer.gif" width=1 height=94></td>
</tr>
<tr>
<td> <img src="images/spacer.gif" width=1 height=61></td>
</tr>
<tr>
<td valign="top"> <img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_09.jpg" width=236 height=174 align="top"></td>
<td> <img src="images/spacer.gif" width=1 height=174></td>
</tr>
<tr>
<td valign="top" height="2"> <img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_10.jpg" width=236 height=132 align="top"></td>
<td height="2"> <img src="images/spacer.gif" width=1 height=132></td>
</tr>
<tr>
<td colspan=2 valign="top"> <img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_11.jpg" width=292 height=64 align="top"></td>
<td valign="top"> <a href="http://www.cunard.com/refer/index.cfm?fuseaction=Forward&broadcastID=holiday"><img src="http://www.cunard.com/sailmail/holiday/images/holidayEmail_12.gif" width=308 height=64 align="top" border="0"></a></td>
<td> <img src="images/spacer.gif" width=1 height=64></td>
</tr>
</table>
</td>
</tr>
</table>
<div align="center"></div>
<br>
<div align="center">
<table width="600" border="0" cellspacing="0" cellpadding="0">
<tr>
<td><font face="Arial, Helvetica, sans-serif" size="2"><i><font size="1">*Fares
are in US dollars per person, double occupancy, cruise only for categories
M4 - Q3, and reflect a savings of 35-50% which vary by cabin category.
Government Fees and taxes ranging from $3.68 to $108.00 are not included.
Holiday fares are not combinable with any other offer including 10% club
savings, and are capacity controlled and subject to availability. Cabin
Upgrade is for new bookings only, and is offered only within same restaurant
category as booked.</font></i></font></td>
</tr>
</table>
</div>
</BODY>
</HTML> |
Thanks! Our team has been working on the supreme decree for over two years
and it is gratifying to finally bring this in, given that it will have a
significant financial benefit for Enron/Transredes. I have included an
executive summary and detailed report below.
Executive Summary
Through the efforts of the Transredes regulatory team:
A presidential Supreme Decree, establishing a new tariff methodology for
Bolivian gas transportation, has issued and gone into effect.
The recovery mechanism we proposed will allow Transredes to recover over
US$100 million, which was at risk. This amount, residing in the gas deferred
account, will be recovered over 20 years (instead of 25 under the former
regulations) and will take the form of a surcharge on all gas transported by
any pipeline in Bolivia (instead of being assessed only on Transredes
transport volumes, as per the former regulations).
In the future, Transredes will be able to fully recover all of its prudently
incurred costs, and the full rate of return contemplated by the Hydrocarbon
Law, via tariffs charged for transportation on the domestic and export oil
concessions, and the export gas concession.
The mechanism advanced by government to subsidize the transportation tariff
of the domestic gas concession in the future will, in all likelihood, allow
Transredes to receive the full rate of return contemplated by the Hydrocarbon
Law, although the mechanism needs to be fleshed out further.
The Supreme Decree will also allow Transredes, rate case, financing program
and pending bond issue to move forward.
Detailed Report
This is a significant development in the Bolivian regulatory arena. The
Supreme Decree, establishing a new tariff methodology for natural gas
transportation in Bolivia, was signed by President Banzer and was published
in the official gazette on Wednesday. We officially learned about it
yesterday upon receipt of a certified copy. The new methodology and
regulations are now in effect.
The decree provides for full recovery of Transredes' gas deferred account
over the next twenty years via a surcharge on ALL volumes exported from
Bolivia, whether transported by Transredes or not. The magnitude of the gas
deferred account is much greater than anticipated due primarily to severe
export shortfalls as compared to projected export volumes. This is due in
large part to delays in the development of the Brazilian market and to
expiration of gas sales and export agreements between Bolivia and Argentina
(in 1999). Please see the attached graph comparing the volumes projected by
the Bolivian government to set transitory tariffs, prior to privatization,
with the actual volumes transported.
The gas deferred account is estimated to be approximately US$101 million
(plus approximately US$ 60MM for the hydrocarbon liquids deferred account,
giving a total of US$161MM). Please see attached Gas Deferred Account and
Total Deferred Account graphs. These amounts represent the shortfall in
revenues experienced due to insufficiently high transitory tariffs, plus the
cost of capital at 7%.
The recovery mechanism for the gas deferred account represents the mitigation
of a significant exposure that existed at the time we acquired the company:
the transportation concessions are nonexclusive and producers have the
explicit right in the Hydrocarbon Law to build their own (bypass) pipelines,
yet the deferred account recovery mechanism placed the burden of recovery
solely on the transportation tariffs of Transredes. The change in
regulations not only secures recovery of these amounts in a commercially
viable manner but will dis-incentivize threatened bypasses.
In the future, Transredes will also be able to fully recover all of its
prudently incurred costs and rate of return via tariffs charged for
transportation on the domestic and export oil concessions, and the export gas
concession. We believe that the tariff mechanism for the domestic gas
concession may require additional detail work. The mechanism provides for a
ceiling rate of US$0.41 for transportation in the domestic concession and a
surcharge on all export volumes of US$0.03. These tariff components will not
be sufficient to recover the costs and rate of return contemplated by the
Hydrocarbon Law to be recovered by Transredes. However, there appears to be
no impediment to collecting the revenue shortfall in the Transredes export
gas tariff. The regulatory team will continue trying to "firm up" this
mechanism.
The Supreme Decree will also allow Transredes' rate case to move forward.
The rate case filing made in late January kicked off a process that will
culminate in the approval of new economic rates to be effective on May 16.
The decree and rate case filing will also allow the Transredes financing
program and pending bond issue to move forward. These have been stalled for
months due to lender doubts and uncertainty about rates and recovery of the
deferred account.
Richard Shapiro
03/22/2001 05:50 PM
To: Ray Alvarez/NA/Enron@ENRON
cc: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
Subject: Re: Supreme Decree
Congrats!!
Ray Alvarez
03/22/2001 04:29 PM
To: Richard Shapiro/NA/Enron@Enron
cc:
Subject: Supreme Decree
Rick, I heard from my Bolivia regulatory team that the supreme decree is a
reality and that it is very positive- including full recovery of the $100MM
gas deferred account that we were hanging out on. I will provide more
details as soon as I receive them. Ray |
Energy supply setback: Big generator can't be forced to sell emergency power
to the state, a U.S. court rules.
By Denny Walsh and Carrie Peyton
BEE STAFF WRITERS
(Published April 6, 2001)
In a development that does not bode well for California's energy supply, a
federal appellate court Thursday halted enforcement of a lower court order
that a big electricity generator must sell emergency power to the state
without guarantee of payment.
State energy officials said the ruling wouldn't have any immediate effect but
could precipitate a power emergency if the generator decided to take a plant
off-line for maintenance.
On March 21, citing "rolling blackouts (that have) darkened the California
landscape," U.S. District Judge Frank C. Damrell Jr. imposed an injunction
against Reliant Energy Services Inc., one of the nation's major generators.
Houston-based Reliant controls approximately 3,800 megawatts, or about 20
percent, of the gas-fired generation capacity in the state, and Damrell found
that loss of that production "poses an imminent threat."
But Thursday, a three-judge panel of the 9th U.S. Circuit Court of Appeals
granted an emergency stay of the injunction, saying Reliant has shown "a high
likelihood of success on the merits" of its appeal.
While not spelling it out, the panel apparently bases its finding on the
question of the courts' jurisdiction over the energy market. The panel
directed that a hearing on the appeal be scheduled for the second week in
July.
The decision leaves California's electric grid more fragile, at least
temporarily, according to the state Independent System Operator, which
maintains and controls power transmissions.
It gives the agency no immediate recourse if Reliant chooses to shut down any
of its plants for maintenance, said ISO Vice President Jim Detmers.
"It's not going to change anything overnight, and it's not going to change
anything over the weekend," said Detmers. "But if Reliant decided on a
unilateral action to take their units off for maintenance ... we definitely
could have a system emergency."
Reliant officials, when told of the ruling, took a conciliatory tone but
declined to specify their next move.
"Reliant ... has pledged to keep the lights on in California," said company
lobbyist Marty Wilson, and "is still of a mind to want to cooperate."
Without further comment, the appeals court judges cited a 1980 U.S. District
Court decision. In that case, 14 cities sued Florida Power and Light Co.,
alleging that it was violating a number of laws in its sales of power and
production of electricity.
The judge found, however, that the Federal Power Act reserves oversight of
interstate utilities exclusively to the Federal Energy Regulatory Commission.
He ruled that only the commission may bring an action involving energy sales
into federal court -- unless it is a request to review a commission order,
and that goes directly to an appellate court.
The lawsuit before Damrell was brought by the ISO to force Reliant and two
other generators to respond to ISO's emergency orders for power, even though
the agency is buying on behalf of two retailers that are broke and hopelessly
in debt.
Because Pacific Gas and Electric Co. and Southern California Edison can't pay
their bills -- about $14 billion -- some wholesalers want to cut off sales to
the utilities.
The other three defendants in the ISO's suit -- Dynegy Power Corp. of Houston
and Tulsa-based AES Corp. and its marketer, Williams Energy Marketing &
Trading Co. -- have entered into written agreements with ISO to continue
supplying emergency power until the FERC decides whether they are required to
sell to companies that are not creditworthy.
But Charles Robinson, ISO general counsel, points out that the generators can
rescind those agreements with 48 hours' notice.
"My hope is this is a temporary setback," said Robinson. He added, however,
that the practical effect is "at least for now, we don't have a tool to
compel them to do what we believe they're obligated to do" -- respond to
emergency demands for power.
Reliant has insisted since the suit was filed Feb. 6 that Damrell has no
jurisdiction over the rate schedules that govern dealings between generators
and the ISO, and that the Federal Power Act mandates that the FERC must
settle any disputes about terms of those tariffs.
In issuing the injunction, Damrell acknowledged that the FERC has special
expertise concerning agreements between generators and ISO.
"Absent the extreme exigencies of the California power crisis, the court
agrees that a stay pending further action by the FERC would be proper," he
said. "But those are not the facts here. Electricity is in critically short
supply. The health and safety of the people of California are potentially at
risk."
Immediately upon receiving the 9th Circuit's order Thursday, attorneys for
the ISO asked Damrell to set an accelerated schedule for its motion to amend
the suit. The agency apparently has crafted a new complaint stressing its
view that the matter is an ordinary contract dispute over which the judge has
jurisdiction.
Damrell scheduled a hearing on the motion for Thursday.
In a further development that could complicate the state's dire need for
energy, an alternative supplier won a court fight Thursday to bypass the big
utilities and sell its power on the open market.
Timber giant Sierra Pacific Industries, which operates four biomass plants
that produce power for PG&E, obtained a temporary restraining order in
Sacramento Superior Court that says Sierra Pacific is not required to sell
its power to PG&E.
The ruling means PG&E and Southern Edison could lose power as alternative
energy generators, fed up with months of nonpayment, sue to be able to sell
their comparatively cheap product elsewhere, including outside the state. |
FIGHTING FIRES WITHOUT BURNING BRIDGES(sm)
The occasional newsletter of The Negotiation Skills
Company, Inc. (TNSC)
Now our website is even more accessible. If you have a
question about issues you can search the Advice section
to find relevant answers. Follow the link below to our
Q & A homepage. To conduct a search write in words
that relate to your question, and the search engine
will look for matches.
http://www.negotiationskills.com/qa.html
Number 17, August 2001
Negotiation In Emotional Circumstances
Our website's advice section gets questions on a wide
variety of topics from all over the world. Recently a
web visitor posed a question that many of us face.
Often as our own children are establishing themselves
as adults, we're faced with issues relating to care for
older relatives.
Here's our reader's question and our response:
Convincing Elders To Accept Care
Question: As a hospital/geriatric social worker, both
in my personal and work life I am frequently asked the
following question: "My elderly [parent, aunt,
neighbor...] clearly needs some help at home, but
refuses this help [even if free, or done by a family
member, a church...]. How can I convince this person
to accept help?"
After I've determined that the issue isn't financial
(usually a solvable problem), then I am frequently at a
loss. The situations I've seen like this seem to only
resolve after a crisis occurs, and the person has no
choice.
How would you approach a situation like this? The
issues seem to revolve around pride, retaining control,
denial of illness, aging or disability... Any
thoughts?
Response: In his 'Notes From The Underground',
Dostoevsky wrote, "Human behavior is motivated by the
craving for absolute freedom and self-assertion in
defiance of all dictates of reason." As decrepitude
takes its toll on our bodies -- and minds -- often
pride is the only thing we have left.
Waiting for a crisis is excruciating for folks who
think of themselves as caregivers when it comes to
organizing care for people who have less and less
capacity to take care of themselves or their personal
surroundings.
Probably the wisest thing to do is ask a whole lot of
questions. Using the example of children of an elderly
parent, first the concerned children need to ask
themselves what are their own interests. Do they want
to assuage guilt? Do they fear that harm will come to
their parent? Are they concerned that a crisis will
interrupt the normal course of their own lives?
Questions also need to be asked of the parent: What
most concerns you about your situation -- health,
comfortable surroundings, companionship, your capacity
to hold your head up and say, "Daughter please! I can
do it myself!" One can also ask, "What do you think
are the standards that determine one's capacity to live
an independent life?"
This questioning approach brings the parties into
fuller participation in the decision-making process.
When I ask you a question it means I am taking you
seriously; the reverse is equally true. In
negotiation, this technique is called Active Listening.
The crucial element is listening closely to all the
elements of the responses to those questions, both the
questions one asks oneself and the questions asked of
other people. It is no less important to respond to
what people say by checking to make sure you've
understood their points; you may want to say, "This is
what I understood you to have said; is my understanding
correct?" You also want to indicate, "The fact that I
understand what you have said does not necessarily mean
I agree with you."
Clinging on to the visual indicators of independence is
a critical vital sign. The fear of loving relatives
that something bad can happen has to be balanced
against the knowledge that if you kick someone in their
self-esteem, you are attacking a most vulnerable part
of their anatomy. You cannot negotiate away a person's
self-esteem, but you can destroy it through frontal and
flanking attacks.
The frustration faced by folks who see loved ones
failing to take proper care of themselves is
phenomenal. Very often the people who have advocated
professional care ultimately must mutter (hopefully to
themselves) the unsatisfying statement, "I told you
so."
In your question you indicate that crisis forces
choice. Perhaps the best approach is to prepare a
safety net that is ready when the crisis occurs. It
cannot prevent a crisis from happening; and it is
crucial to make sure that a crisis is not worsened by
forcing the 'victim' of it to lose face. But having
that safety net ready can at least reduce the force of
the fall.
Relationship is one of the seven most significant
issues to consider in negotiation. Focusing on the
relationship with an elderly parent or friend, not
letting decrepitude get in the way of love and caring
can make it much easier when someone's self-esteem is
attacked by a crisis. Looking at oneself and saying,
"It's not my fault," is not a way of avoiding blame,
but rather giving a loved one the freedom to make their
own mistakes -- just as they did the first time they
gave us the keys to the car.
TNSC NEWS
The Negotiation Skills Company's website,
www.negotiationskills.com, is now getting more than 1.5
million 'hits' a year - that means an average of more
than 5000 visits every day. There have been newspaper
and magazine articles about us across North America -
and we're now featured in translation in a web magazine
in Poland.
Last Word
"Don't look back. Somebody may be gaining on you."
baseball star Satchel Paige
Take care,
Steve
* The Negotiation Skills Company *
* "Fighting Fires Without Burning Bridges" *
* Phone: +1 978 927 6775 Fax: +1 978 921 4447 *
* http://www.negotiationskills.com * |
Markets <http://clearstation.etrade.com/cgi-bin/diary> <http://clearstation.etrade.com/i/1px_grey.gif> DJ30 <http://clearstation.etrade.com/cgi-bin/details?Symbol=_INDU> 10,067.86 -26.22 -0.25% <http://clearstation.etrade.com/i/1px_grey.gif> NASDAQ <http://clearstation.etrade.com/cgi-bin/details?Symbol=_COMPX> 2,047.23 2.34 0.11% <http://clearstation.etrade.com/i/1px_grey.gif> S&P 500 <http://clearstation.etrade.com/cgi-bin/details?Symbol=_INX> 1,156.55 1.41 0.12% <http://clearstation.etrade.com/i/1px_grey.gif> US markets closed
<http://clearstation.etrade.com/i/1px_black.gif>
<http://clearstation.etrade.com/i/s.gif> <http://clearstation.etrade.com/i/s.gif> <http://clearstation.etrade.com/i/s.gif>
<http://clearstation.etrade.com/i/email_topnav_logo.gif> <http://clearstation.etrade.com/i/1px_black.gif> <http://clearstation.etrade.com/i/1px_black.gif> <http://clearstation.etrade.com/i/1px_black.gif>
Quote & 3-Point View Profile & Fundamentals Key Ratios Analyst Info Earnings Estimates Insider Trading Interactive Graph Tool Graphs In Bulk Discussion Recommendations News Articles Enter stock symbol(s), make a selection from the drop down menu, and click the arrow.
<http://clearstation.etrade.com/i/1px_black.gif>
<http://clearstation.etrade.com/i/s.gif>
<http://clearstation.etrade.com/i/email_topnav.gif> <http://clearstation.etrade.com/email_topnav/spacer.gif>
<http://clearstation.etrade.com/i/s.gif> <http://clearstation.etrade.com/images /1px_black.gif>
<http://clearstation.etrade.com/i/s.gif> <http://www2.briefing.com/scripts/FreeServices/emailsignup.asp>
<http://clearstation.etrade.com/i/s.gif> <http://clearstation.etrade.com/images /1px_black.gif>
<http://clearstation.etrade.com/i/s.gif> Portfolio Mail <http://clearstation.etrade.com/images/icon_pf.gif> My Portfolios Prices/Events as of 6:30PM EST My Portfolio Details <http://clearstation.etrade.com/cgi-bin/drill_portfolio> Stop this Report <http://clearstation.etrade.com/cgi-bin/preferences>
<http://clearstation.etrade.com/i/s.gif> Portfolio: 'Keiser'
Long positions
Symbol Position Last Change %Change Volume Value Today's Net
ENE <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=ENE&Refer=http://clearstation.etrade.com> 145 0.67 -0.12 -15.19% 38,792,300 97.15 -17.40
NKE <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=NKE&Refer=http://clearstation.etrade.com> 360 57.03 0.49 0.87% 979,400 20,530.80 176.40
SCON <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=SCON&Refer=http://clearstation.etrade.com> 300 6.43 0.17 2.63% 77,600 1,930.50 49.50
SBLU <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=SBLU&Refer=http://clearstation.etrade.com> 615 5.14 0.14 2.80% 3,239,500 3,161.10 86.10
EGHT <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=EGHT&Refer=http://clearstation.etrade.com> 555 1.18 0.07 6.31% 39,300 654.90 38.85
'Keiser' Total: 26,374.45 333.45
All Total: 26,374.45 333.45
Symbol Events Community Take
ENE <http://clearstation.etrade.com/cgi-bin/details?Event=peek&Symbol=ENE&Refer=http://clearstation.etrade.com> Most Actives 167 Long / 14 Short
Percentage Loser
<http://clearstation.etrade.com/i/s.gif> For help with ClearStation's Portfolio Manager, or to learn more about the calculations, please visit our Help area <http://clearstation.etrade.com/doc/portfolio.shtml>. To discontinue this report, go to Customize <http://clearstation.etrade.com/cgi-bin/preferences> (you will have to log in if you haven't already). Uncheck the "Daily Portfolio Update" box and click on the "Apply Changes" button.
<http://clearstation.etrade.com/i/s.gif> ClearStation is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities members should buy or sell for themselves. Members should always check with their licensed financial advisor and their tax advisor to determine the suitability of any investment. ClearStation, Inc. is a wholly-owned subsidiary of E*TRADE Group, Inc. and an affiliate of E*TRADE Securities, Inc. ClearStation is a registered trademark of ClearStation, Inc. E*TRADE is a registered trademark of E*TRADE Securities, Incorporated, member NASD/SIPC. Copyright (c) 2000. ClearStation, Inc. All rights reserved.
<http://clearstation.etrade.com/i/s.gif> Question? Get it answered! <http://clearstation.etrade.com/doc/faq.shtml> Comments? Talk to us! <mailto:[email protected]> Copyright ? 1998-2002 ClearStation. All rights reserved. Trademark Notice <http://clearstation.etrade.com/doc/legalese.shtml#TM> Quotes delayed at least 15 minutes for Nasdaq, 20 minutes otherwise. ClearStation is a wholly-owned subsidiary of E*TRADE Group, Inc.
<http://clearstation.etrade.com/i/s.gif> About Us <http://clearstation.etrade.com/doc/overview.shtml> I Help <http://clearstation.etrade.com/doc/help.shtml>
I Feedback <mailto:[email protected]>
I Member Agreement <http://clearstation.etrade.com/doc/legalese.shtml>
I Privacy Statement <http://clearstation.etrade.com/doc/privacy.html>
I Advertise <mailto:[email protected]>
I Jobs <http://clearstation.etrade.com/doc/features.shtml>
I Join <http://clearstation.etrade.com/cgi-bin/join>
I FAQ <http://clearstation.etrade.com/doc/faq.shtml>
<http://clearstation.etrade.com/i/s.gif> |
FYI Also-- I talked to John Ale ,the GC of Azurix today. They are looking
for attys. I don't know their attitude about recruiters.
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 07/06/99
05:06 PM ---------------------------
Enron Capital & Trade Resources Corp.
From: Office Chairman @ ENRON 07/01/99 12:33 PM
To: Enron Worldwide
cc:
Subject: Organizational Changes
Interoffice
Memorandum
Enron's performance has been exceptional. This performance is reflected in
our stock price, in the recognition we receive in the media and financial
communities, and, most importantly, in the enthusiasm of our people. It has
been clear to us for some time that we are driving fundamental change in the
marketplace and that our natural gas, electricity and communications networks
can be positioned for even greater growth. A &new economy8 is emerging, an
economy based on intellectual capital and the compelling economics of
networks. Capturing the opportunities in this new economy calls for
increased coordination and integration across our wholesale (ECT, ECM, EI),
retail (EES), and communications (ECI) businesses. It is our intention to
combine the operations of these businesses into a cohesive organization that
will ensure we realize the growth we foresee in all our businesses.
To this end, we are initiating a number of organization and staffing changes
in these businesses and related changes in the Enron Office of the Chairman,
in Corporate Staff groups, and in a number of management/personnel
committees. Other business units, EOG, GPG, PGE, and Azurix, will not be
directly affected. Accordingly, the following changes are effective
immediately.
Enron Office of the Chairman
Joe Sutton will join the Office of the Chairman as Vice Chairman. In his new
role, Joe will work with the two of us to manage the operations of the
company.
Rebecca Mark, previously Vice Chairman of the company, will now fully
concentrate on her responsibilities as Chairman and CEO of Azurix, our most
recent public company. Rebecca has also been elected to the Enron Board of
Directors, effective today.
Ken Harrison, previously Vice Chairman of the company, will fully concentrate
on his responsibilities as Chairman and CEO of Portland General Electric and
Non-Executive Chairman of Enron Communications. Ken will continue to serve
on Enron's Board of Directors.
Redefined Business Units
ECT, ECM, EI, EES, and ECI will be regrouped into eight regions/businesses
and five global functions. Each region/business will be operated as an
independent entity but will coordinate staffing, career paths, compensation
and performance review across all units. Each global function will provide
its specialized expertise across all regions/businesses. Included in these
functions is a new technology function, which will focus on information
systems and growth of our e-commerce capabilities where we believe there is
enormous potential. These organizational units and their leadership are as
follows:
Regions/Businesses
North America: Cliff Baxter, CEO; Kevin Hannon, COO
Europe: Mark Frevert, CEO; John Sherriff, President; Dan McCarty, COO
South America: Jim Bannantine, Co-CEO; Diomedes Christodoulou, Co-CEO
India: Sanjay Bhatnagar, CEO
Caribbean, Middle East: David Haug, CEO
Asia, Africa: Rebecca McDonald, CEO
EES: Lou Pai, CEO; Tom White, Vice Chairman
ECI: Joe Hirko, Co-CEO; Ken Rice, Co-CEO (Ken Harrison ) non-executive
Chairman)
Global Functions
Risk Management: Greg Whalley, CEO
Finance: Andy Fastow, CFO; Jeff McMahon, Treasurer
Asset Operations: Kurt Huneke, CEO
EE&CC: Larry Izzo, CEO
Technology: Mike McConnell, CEO
Corporate Staff
All corporate and EI staff units will be regrouped into six corporate staff
groups. These staff groups will support all operations of Enron. These
organizational units and their leadership are as follows:
Legal: Jim Derrick, EVP and General Counsel; Rob Walls, SVP and Deputy
General Counsel
Risk Assessment and Control: Rick Buy, EVP
Accounting and HR: Rick Causey, EVP and Chief Accounting Officer
Investor Relations: Mark Koenig, EVP
Other Staff Groups: Steve Kean, EVP and Chief of Staff
Corporate Development: To be determined.
Committees
A new Executive Committee will be formed to replace the existing Management
and Operating Committees. Membership will be as follows:
Ken Lay, Chairman
Jeff Skilling, Alternate Chairman
Joe Sutton
Stan Horton
Jim Bannantine Kurt Huneke
Cliff Baxter Larry Izzo
Sanjay Bhatnagar Steve Kean
Rick Buy Mark Koenig
Rick Causey Rebecca Mark (Ad hoc)
Diomedes Christodoulou Mike McConnell
Jim Derrick Rebecca McDonald
Andy Fastow Jeff McMahon
Peggy Fowler Lou Pai
Mark Frevert Mark Papa (Ad hoc)
Kevin Hannon Ken Rice
Ken Harrison John Sherriff
David Haug Greg Whalley
Joe Hirko Tom White
Four other committees, which will be essential to the success of this new
organization, will be formed. These committees are:
Managing Director and SVP Personnel Committee: Jeff Skilling, Chairman
Vice President Personnel Committee: Kevin Hannon, Chairman
Vision and Values Committee: Joe Sutton, Chairman
Workforce Diversity: Ken Lay, Chairman
Details of membership on these committees will follow shortly.
Summary
Over the next several weeks all of the specifics of this reorganization will
be further ironed out and communicated. In the meantime, please bear with us
- we are confident that these changes will have a significant, positive
impact on the operation and growth of the company. |
FYI. Finally the Chairman speaks the truth.
Jim
----- Forwarded by James D Steffes/NA/Enron on 01/21/2001 12:25 PM -----
Mary Hain@ECT
01/19/2001 05:45 PM
To: James D Steffes/NA/Enron@Enron, [email protected], Tracy
Ngo/PDX/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Joe Hartsoe@Enron
cc:
Subject: In formal, opinion Hoecker calls for FERC to enjoin California
state action
I wonder if a court would give this any credence?
---------------------- Forwarded by Mary Hain/HOU/ECT on 01/19/2001 03:51 PM
---------------------------
Alan Comnes
01/19/2001 12:58 PM
To: Tim Belden/HOU/ECT@ECT, [email protected], Susan J Mara/NA/Enron@ENRON,
Paul Kaufman/PDX/ECT@ECT, Jeff Dasovich/NA/Enron@Enron
cc:
Subject: Hoecker's Last Word:Calif Must Adopt 'Realistic' Pwr Plan
Nice final flame!
Hoecker's Last Word:Calif Must Adopt 'Realistic' Pwr Plan
01/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
WASHINGTON -(Dow Jones)- California officials have shown "bald disregard" for
Federal Energy Regulatory Commission authority and are pursuing short-sighted
policies that will push the state's two largest utilities over the brink and
into bankruptcy, FERC Chairman James Hoecker said Thursday.
The remarks by Hoecker, who resigned as chairman effective Thursday, came in
a highly unusual formal opinion in what represents his blistering last words
on the rapidly unraveling power crisis in California.
Hoecker lambasted Gov. Gray Davis and state policymakers for allowing the
state's power crisis to finally succumb to rolling blackouts.
State officials ignored the commission's Dec. 15 market-restructuring order
and instead embraced "conspiracy theories, resistance to more realistic
rates, and calls for palliative price caps...to obscure the issues and delay
solutions," Hoecker said.
White House-brokered negotiations to develop power-supply contracts as part
of a near-term solution are at an impasse due to "unrealistic" demands by
Gov. Davis that power providers agree to contracts at rates below their cost
of production, Hoecker said.
He further called for Davis and lawmakers to relent in their unrealistic
position that retail rates continue to be frozen at below-present-cost,
pre-1996 levels.
Unless state officials agree to pursue realistic policies, Edison
International's Southern California Edison Co. (EIX) and PG&E Corp.'s Pacific
Gas & Electric Co. (PCG), will be pushed into bankruptcy by following the
state's flawed market-restructuring law, Hoecker said.
"Perhaps bankruptcy can be averted. If it cannot, perhaps it will force
debtors, creditors and state officials to address the financial problems of
utilities in a new light, without recrimination and posturing," he said.
"Let's be realistic," Hoecker said. "Wall Street and consumers share one
critical trait: Without a reasonable, technically defensible and
comprehensive set of solutions to such crises, they have no basis for
confidence that problems can or will be managed or confidence to support
investment on one hand and political forbearance on the other."
Hoecker called for state officials to "expeditiously" implement the
provisions of FERC's Dec. 15 order.
In particular, he said, the California Power Exchange is making the financial
situation worse by ignoring the order's provision calling for suspension of
the single-price auction when prices bid exceed $150 per megawatt-hour.
"Prices above the level allowed in the Dec. 15 order (have) further
jeopardized the financial status of California utilities," he said.
Reaching a deal on forward contracts, as called for in FERC's order, is
essential, Hoecker said. "An arbitrary bottom-line solution cannot be
prescribed without regard to costs," he said.
But Hoecker reserved perhaps his harshest criticism for the state's first
legislative response to the crisis, which Davis signed into law Thursday, to
replace the California Independent System Operator's industry-participant
governing board with a board of political state appointees.
Such mixing of markets and politics on the ISO, a FERC-jurisdictional entity,
represents "an unacceptable intrusion...into federally regulated power
markets," Hoecker said.
Further, he said, FERC made "mistakes" in allowing AB 1890, the state's
electricity restructuring law, to usurp the commission's regulatory authority
over wholesale power markets in the first place.
"Because the state is now clearly a market participant, the independence of
the (ISO) board is bound to be compromised. Consequently, the state's
decisions are no longer entitled to the kind of deference we have accorded it
since AB 1890," Hoecker said.
"More than that, this action evinces a bald disregard for federal
jurisdiction and a rejection of cooperative solutions (called for in FERC's
Dec. 15 restructuring order)," Hoecker said. "I recommend that the commission
seek to enjoin this technically flawed and unlawful usurpation of its
authority."
Hoecker rejected the state's continuing call for firm price caps in the
region. "Price caps will only jeopardize reliability, mask problems
temporarily, and deter or destroy any chance to solve the long-term supply
challenge," he said.
Hoecker urged an urgent response by policymakers, regardless of whether the
utilities enter bankruptcy.
"We cannot...keep moving from one failure to the next, with no agreed-upon
objectives. The governor's stated plans are unrealistic and ours' cannot be
fully implemented without his help," Hoecker concluded. "I urge state
policymakers to reject the false illusion that going it alone will serve the
interests of California consumers."
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; [email protected]
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. |
----- Forwarded by Jeff Dasovich/NA/Enron on 07/13/2001 05:14 PM -----
Jeff Dasovich
Sent by: Jeff Dasovich
07/13/2001 05:13 PM
To: [email protected], "'Barbara Barkovich (E-mail)'"
<[email protected]>, "Dominic DiMare (E-mail)"
<[email protected]>, "'Dorothy Rothrock (E-mail)'"
<[email protected]>, "'John Fielder (E-mail)'" <[email protected]>, "'Phil
Isenberg (E-mail)'" <[email protected]>, "'Jeff Dasovich (E-mail)'"
<[email protected]>, "'Keith McCrea (E-mail)'" <[email protected]>, "'Linda
Sherif (E-mail)'" <[email protected]>, "'Linda Sherif (E-mail 2)'"
<[email protected]>, "'Gary Schoonyan (E-mail)'" <[email protected]>, "'John
White (E-mail)'" <[email protected]>, <[email protected]>
cc:
Subject: Dow Jones--PUC to Raise Rates Another 25% to Cover DWR Contracts?
Calif DWR Seen Asking PUC To Order 25% Rate Increase Fri
By Jason Leopold
07/13/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
Of DOW JONES NEWSWIRES
(This article was originally published earlier Friday.)
LOS ANGELES -(Dow Jones)- The California Department of Water Resources, the
agency purchasing a bulk of the state's power needs in lieu of the three
investor-owned utilities, is expected to tell state regulators Friday that
they need to increase electricity rates by as much as 25%.
This is because there are insufficient funds in the current revenue stream
to cover a $13.4 billion bond sale, three commissioners with the Public
Utilities Commission told Dow Jones Newswires late Thursday.
PUC President Loretta Lynch is expected to issue a draft decision Friday
either endorsing the rate hike request or calling for an audit of the DWR's
current revenue stream before she makes a decision, aides in her office
said.
If the PUC determines that there are not enough funds in the current rate
structure to cover the bond sale, it will have no choice but to order the
rate increase, according to the legislation that put the state in the power
buying business.
Businesses are expected to bear most of the burden of the rate increase,
the second in just two months, if approved by the PUC, the commissioners
said.
"Back in May when we ordered the first rate increase, we said we may be
forced to do it again by the summer," one commissioner said.
"It's unfortunate, but it shouldn't be a shock to anyone. The state has
made an enormous commitment to Wall Street that rates would go up whenever
it's needed to ensure there is enough money to pay off those bonds."
Lynch and a spokesman for the DWR were unavailable for comment late
Thursday.
Separately, Assembly Speaker Pro Tem Fred Keeley, D-Boulder Creek, has
drafted a proposal expected to be introduced into the Assembly Friday or
Saturday that would have large businesses using the most electricity to
finance the bulk of the $43 billion in long-term power supply contracts,
aides in his office said.
Moreover, Keeley's plan is aimed at reducing rates for consumers who use
the least amount of power. Details of the plan are still sketchy, aides
said.
Possible Rate Hike To Generate $2.5B Yearly For State
The 50% rate increase ordered in May is expected to generate $5 billion
annually, and if the PUC orders a 25% increase, that is expected to
generate $2.5 billion. However, it is still unclear if that is enough, the
commissioners said.
Businesses are expected to bear most of the burden of the rate increase,
the second in four months, if approved by the PUC, the three commissioners
said.
Since January, the state has spent nearly $8.5 billion buying electricity
on behalf of customers of Edison International (EIX) unit Southern
California Edison, Sempra Energy (SRE) unit San Diego Gas & Electric and
PG&E Corp. (PCG) unit Pacific Gas & Electric.
The state has borrowed more than $7 billion from its general fund, which
must be repaid by ratepayers at 6% interest, to purchase power.
In addition, the state has locked itself into $43 billion in long-term
power supply contracts at high prices for as much as 20 years to ensure
there is enough power to meet demand. Future rate increases to finance the
contracts are likely, state officials have said.
But if the PUC orders another rate increase, the money won't benefit the
utilities, which have billions of dollars in power costs to recover.
Instead, it will be used to guarantee Wall Street financial institutions
that there is sufficient funds in the rate structure to allow $13.4 billion
in revenue bonds to be sold.
The bonds are expected to be sold in August or September, said state
Treasurer Phil Angelides.
The commissioners said the PUC and the DWR waited to address another rate
hike to see if state officials and generators were successful in coming to
terms on $8.9 billion the state says it was overcharged for power since
last year.
After two weeks of hearings between generators and a delegation of
California utility executives and energy officials, talks broke down
Monday. Generators offered the state $716 million in refunds, but Gov. Gray
Davis balked, threatening to sue to recover the full $8.9 billion.
Any refunds would have been disbursed to the utilities and the DWR, which
could have deferred the need for any rate increase, according to Steve
Maviglio, press secretary to Davis.
An administrative law judge with the Federal Energy Regulatory Commission
said Thursday he will recommend that the commission not order cash refunds
to California because the state's utilities owe far more money to the
generators than what he thinks the state is owed.
-By Jason Leopold; Dow Jones Newswires; 323-658-3874;
[email protected] |
----- Forwarded by David M Gagliardi/TTG/HouInd on 06/15/01 08:26 AM -----
"Michael
Gagliardi" To: <[email protected]>, <[email protected]>
<mikegag@msn. cc:
com> Subject: Fw: True Orange E-Mail/Fax #60
06/14/01
11:24 PM
----- Original Message -----
From: [email protected]
Sent: Thursday, June 14, 2001 8:10 PM
To: [email protected]
Subject: True Orange E-Mail/Fax #60
True Orange E-Mail/Fax Service
Volume 9, E-Mail/Fax #60, Thursday, June 14, 2001
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536
Round Rock Westwood Wide Receiver Becomes 7th Commitment
Wide receiver Dustin Miksch, 6-0, 165, 4.4, of Round Rock Westwood said
Thursday he called UT offensive coordinator Greg Davis and committed to
the
Longhorns. He is Texas' seventh early committment.
Miksch ran a 4.35 40 at the Texas A&M Nike camp and followed that with a
4.4
at the Texas camp that ended Wednesday. "I won the fastest man contest at
both camps," he said. He also ran a 10.53 100 meters last track season.
Miksch, the son of former Longhorn WR Donnie Miksch, a 1977-78 letterman
from
Needville, said Purdue, Nebraska, A&M, Notre Dame and Oklahoma were all
recruiting him. He said Purdue and Nebraska coaches had invited him to
their
summer camps. "I'll have to call both of them and tell them I won't be
coming
to their camps," he said.
He caught 46 passes for 676 yards and five touchdowns for the 4-6 Warriors
last season.
Houston Madison's Donald Burgs, one of the state's top cornerback
recruits,
also attended the UT camp that ended Wednesday. He had been a strong
Texas
lean earlier, but he know says he is wide open and probably won't commit
to
anyone this summer.
Burgs praised Miksch when I talked to him Wednesday night. When I asked
him
if anyone at the camp really impressed him, he said, "There was a wide
receiver from Round Rock named Dustin something who was really good. He
was
hard to cover and he has really good speed. He has good hands, too."
The Longhorn coaches can't comment on recruits, but Burgs wasn't the only
one
Miksch impressed because the Texas coaches usually try to sign larger wide
receivers.
"I've been a Longhorn fan all my life," Miksch said. "I've always gone to
the
games and it gives me the chills when the players run through that smoke
before the game. This was an easy choice for me when Texas offered a
scholarship. This is where I've always wanted to play."
Texas got commitments Monday from QB Billy Don Malone, 6-2 1/2, 185, 4.7,
of
Paris North Lamar, and RB/Athlete Clint Haney, 5-11, 190, 4.27 of Smithson
Valley.
Malone and Haney both attended the UT mini-camp Sunday, then got offers
Monday from the Longhorns due to the new NCAA rule interpretation that
doesn't allow kids to commit at summer camps. Normally, both would have
been
offered by coach Mack Brown at the conclusion of their mini-camp sessions.
The Longhorns' other commitments are from DT Earl Anderson of San Marcos,
OL
Brett Valdez of Brownwood, DT Lyle Sendlein of Scottsdale, Arizona, and DT
Sonny Davis, who signed with Texas last year, but is having to go to a
junior
college in Mississippi because he failed to qualify academically.
Speaking of academically qualifying, only two of the Longhorns' February
signees are still in limbo after CB Aaron Ross of Tyler qualified earlier
this week. The two who are still trying to make it academically are RB
Anthony Johnson of Jefferson and LB Yamil LeBron of Killeen Ellison.
(Editor's Note: I don't put out as much academic information as I did in
earlier years because (a) it is not a good subject for internet bulletin
boards, and (b) it tends to irritate the high school coaches. So, please
use
this information judiciously.)
Super RB Cedric Benson says the only way he will sign a pro baseball
contract
is if he gets an offer that lets him play college football, like Ricky
Williams did when he was at Texas. The Midland Lee star has a chance to
solve the Longhorns' problems at running back, and he says he is raring to
get that chance.
* * * *
BASKETBALL NOTES: Ed Kohtala, who has been an assistant to UT head
baskeball
coach Rick Barnes since he arrived at Texas three seasons ago, has been
named
head coach at Alma College in Alma, Michigan. Barnes is expected to name a
replacement in the next couple of weeks.
* * * *
CATCH 22: A guy who made an internet post some time back accusing me by
name
of trying to kill Texas' football recruiting, put a post on an internet
bul
letin board yesterday saying Texas needs to recruit a quarterback this
time around because the Horns didn't get one last year. That's his
sarcastic
way of ridiculing Matt Nordgren, UT's QB signee last February. Classy
posts
like that are sure to help Texas recruiting (sarcasm intended). I don't
post
on the internet, but those of you who do ought to use good judgment since
stupid posts like that don't exactly help our image.
* * * *
My next e-mail/fax will be whenever events warrant.
* * * *
The True Orange E-Mail/Fax Service includes at least 99 fax/e-mails 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]. |
---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
04/03/2001 09:41 AM ---------------------------
"Michael Gagliardi" <[email protected]> on 04/03/2001 09:18:30 AM
To: <[email protected], [email protected],
[email protected]>
cc:
Subject: Fw: True Orange Fax/E-M ail #43
----- Original Message -----
From:[email protected]
Sent:?Monday, April 02, 2001 11:02 PM
To:[email protected]; [email protected]
Subject:?True Orange Fax/E-M ail #43
True Orange Fax/E-Mail Service
Volume 9, Fax/E-Mail #43, Monday, April 3, 2001
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone=
=20
512-795-8536
Longhorns Will Wrap Up Spring Football Drills Wednesday
The Longhorns worked out in shorts Monday, and coach Mack Brown said the
tea=
m=20
will practice Tuesday at? 4 p.m. and then scrimmage Wednesday, probably at
5=
=20
p.m., to wrap up what he termed "our best spring? since we've been here."
Brown said the Tuesday practice will be at the Denius Fields and the=20
Wednesday scrimmage will be at Royal Memorial Stadium. He said he would=20
announce a time for the scrimmage at Tuesday's practice.
NCAA rules require that three of the 15 spring practices be in shorts,
and=20
Brown said that was the reason the team practiced in shorts Monday. "We=20
practiced in shorts the first two days, and we had to get a third day in=20
shorts," he said.
The Horns worked primarily on their passing game because it's hard to do
muc=
h=20
on the running game in shorts. QB Chris Simms continued to look very
sharp,=20
and sophomore TEs Bo Scaife and Brock Edwards both made several
outstanding=20
catches. Everyone knows about the Longhorns' fine WRs, but there won't be
a=20
better pair of TEs in the Big 12 than Scaife and Edwards. There might not
be=
=20
a better pair in the country.
Brown said the Longhorns will have more speed on defense this season
than=20
they have had since he got here. "Everything we're doing is trying to get
th=
e=20
fastest guys on the field," he said, noting that former LB O. J.
McClintock=20
is doing a good job of pass rushing at DE, and former DE Maurice Gordon
is=20
doing the same at DT.=20
"In each case, those moves were made to increase our speed," he said.
* * * *
If you saved the class chart in my March 12 newsletter, take a look at
the=20
players in each class and see how many top hands you see. I did that
today=20
and I counted nine fine players in the sophomore class, plus three others
wh=
o=20
might be fine players, too. No other class has more than five, although
the=20
12 redshirted freshmen might produce more than that.
I'm not going to identify the guys who I think are really good in each
class=
=20
because then it would be obvious which starters I don't think are really=20
good. I try to avoid being overly critical of any of the kids,? so I
would=20
suggest you look at the class chart, too, and see how you think the
various=20
classes rank.
One other important thing to note is that senior CB Quentin Jammer is an=20
outstanding player who is projected to be the first defensive back picked
in=
=20
the next NFL draft. But he has a very hard time covering either of the=20
Longhorns' pair of star sophomore wide receivers (Roy Williams and B. J.=20
Johnson) on a consistent basis.
Opposing teams usually double cover Williams, which means Johnson and
the=20
tight ends draw single coverage. That is going to make the Longhorns'
passin=
g=20
game more potent than ever this season.
Scaife is regaining the form he showed last spring before injuring his
knee=20
during the pre-season workouts. If he hadn't missed last season, I think
the=
=20
Longhorns would have gone 11-1. Obviously, he wouldn't have made that
much=20
difference in the 63-14 loss to Oklahoma, but I think he would have made
a=20
big difference in the narrow losses to Stanford and Oregon. The
Longhorns=20
were building their passing offense around him before his injury, and he=20
would have helped buy time for the true freshmen wide receivers to begin=20
helping out.
* * * *
RECRUITING NOTES: The Longhorns are leading for a great wide receiver=20
prospect from Champaign, Illinois. He is Marquis Johnson, 6-3, 190, 4.4.
UT=20
assistant Tim Brewster, an Illinois graduate, is handling the
recruiting.=20
Johnson says he already has an offer from Illinois, but he says Texas
leads=20
Illinois, FSU, Michigan and Notre Dame. He said he might come to a UT
camp=20
this summer. Johnson is a national top 100 prospect heading into his
senior=20
season.
* * * *
Texas basketball assistant coach Rob Lanier has decided not to pursue
the=20
head coaching job at St. Bonaventure, his alma mater. He said he sees
"great=
=20
potential that exists for our basketball program here at Texas," and
feels=20
"confident that is it in my best interest to continue assisting coach
(Rick)=
=20
Barnes in maing our program here at Texas one of the best in the country."
* * * *
My next e-mail/fax will be Tuesday, April? 3.
* * * *
The True Orange Fax Service includes? at? least? 99 fax/e-mails? a year
and=20
costs $99 ($79 by E-Mail). The True Orange Newsletter includes? 26=20
newsletters and is published weekly during football season and twice
monthly=
=20
during most of the other months. It costs $45. Save by subscribing to
both=20
for $130 (or $110 if you take the faxes via E-Mail? or $99 if you take
the=20
faxes and newsletter? via E-Mail). Send check? to address at the top of
page=
.=20
I also? update my 900 number =96 1-900-288-8839 =96 frequently with
recruiti=
ng=20
news. My E-Mail address is: [email protected] |
Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 12/05/2000 02:32 PM -----
Michael Eiben
12/05/2000 02:31 PM
To: Eric Gillaspie/HOU/ECT@ECT
cc:
Subject: Re: Legal And Privacy Information.htm
looks fine with me. is the next step placing the finalized versions of the
HPL Online registration & OUA out to the web site? we also plan to mail a
letter to our customers along with inserting these documents. the letter is
attached.
mve
Eric Gillaspie
12/05/2000 01:55 PM
To: Michael Eiben/HOU/ECT@ECT
cc: Gerald Nemec/HOU/ECT@ECT
Subject: Re: Legal And Privacy Information.htm
Michael,
Attached for your review and comment is the updated draft incorporating
certain copyright and contractual relationship language. The new sections
that were added are Section 1(c) and Section 4. If you have any questions or
comments please give me a call.
Thanks,
Eric Gillaspie
713-345-7667
Enron Building 3886
Michael Eiben
12/04/2000 04:11 PM
To: Gerald Nemec/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT
cc:
Subject: Legal And Privacy Information.htm
we are trying to finalize this section. could you guys give us your input?
thanks, mve
---------------------- Forwarded by Michael Eiben/HOU/ECT on 12/04/2000 04:08
PM ---------------------------
[email protected] on 11/30/2000 04:21:03 PM
Please respond to [email protected]
To: [email protected]
cc:
Subject: Legal And Privacy Information.htm
LEGAL AND PRIVACY INFORMATION
1. All information and material including images, text and audio on this
website is the property of Enron Corp. and/or its subsidiaries (and/or its or
its subsidiaries' licensors) (collectively "Enron") and is subject to
copyright.Trading Innovation, Endless possibilities, Enron.com, Enron, Enron
& design, Enron Corp., Enron Corp. & design, Enron with fanciful E, Enron
with fanciful E (color), are all trademarks owned by Enron Corp. All other
trade marks on this website are the property of their respective owners. You
are entitled to view, copy and print any documents from this website but only
for your own internal business purposes. Any sale, transmission or
redistribution of this website or its content, and any copying, modification
or other use of this website or its content for any purposes other than your
own internal business purposes, are strictly prohibited.
2. This website is provided solely for information purposes and, with the
exception of this "Legal and Privacy" statement, is not intended to, and
shall not, constitute any offer or acceptance with respect to any
transactions or other matters. This website shall not create any legal
relationship between you and Enron, unless you have signed a Password
Application, in which case the Online User Agreement and all terms and
conditions referred to therein shall govern your access and utilization of
this website. Copies of the Online User Agreement may be obtained through the
"Registration" Section on this website. This website is intended only for
commercial enterprises in certain specified jurisdictions.
3. This website and the information and material which it contains are
subject to change at any time by Enron without notice and Enron reserves the
right to suspend, terminate or restrict your access to or use of this
website. All warranties, whether express or implied, as to the accuracy or
completeness of the information contained on this website or in respect of
any materials or products referred to on this website are hereby excluded to
the extent permitted by law.
NETSCAPE NETCENTER spacer ??Search??-??WebMail??-??My Netscape??-??Buddy Chat??-??Help
??-??Download??
spacer
Check out our advertiser! Click here.
[IMAGE]Home > ?Netscape?Search ?[IMAGE]
[IMAGE] Search Results
- Search Categories -Arts & EntertainmentBusinessComputing &
InternetGamesHealthHome &
FamilyNetscapeNewsRecreationReferenceRegionalScience &
TechnologyShoppingSociety & LifestylesSportsWorld
[IMAGE]
[IMAGE]
[IMAGE]
[IMAGE]
Search Here:
[IMAGE]
amazon.com
legal and...
Buy Books Here
Holiday Shopping
[IMAGE]
Click here!
?
[IMAGE]
Specialized Searches
Yellow Pages
People Finder
Maps and Directions
Product Search
Decision Guides
Local Information
International Search
[IMAGE]
Search again for
' legal and... ' using
Google
[IMAGE]
Learn More
Search directly from your browser.
Internet Keywords
Netscape Search
Affiliate Program
Frequent Questions
Tips on Searching
[IMAGE]
Get Involved
Help build the largest human-edited directory on the web.
Become an Editor
Suggest a Site
Give Feedback
Get the latest
Communicator.
[IMAGE]
[IMAGE] [IMAGE] [IMAGE]
Search Results for ' legal and privacy page
[IMAGE]
[IMAGE]
Reviewed Web Sites
Web sites reviewed and categorized by a team of editors.
1 - 1 ?of ? 1
CPierson's Cyberlaw Page
Links to cases, statutes, and legal information relating to the Internet,
including First Amendment, intellectual property, privacy, commerce, and
crime.
http://www.cpierson.com/
found in:? Society > Law > Legal Information > Computer and Technology Law
?>? Legal Links
?
[IMAGE]
Search for 'legal and privacy page' with these other search engines:
AltaVista | AskJeeves | Excite | GoTo | HotBot | LookSmart | Lycos
[IMAGE]
??Search Again or Ask a Question
[IMAGE]
???
[IMAGE]
[IMAGE]
[IMAGE] ??Netcenter Help??-??Site Map??-??Advertise with Us??-??What's
New??-??What's Cool [IMAGE]
[IMAGE]
Check out our advertiser! Click here.
,?2000 Netscape. All Rights Reserved. Terms of Use | Privacy Policy |
Rip-Roaring Returns from the Post-September 2001 Rebound!
Click Here for a FREE One-Month Subscription to
Steve Harmon's Broadband Investor:
http://www.investools.com/c/go/BRBN/STREET-brbndCt?s=S601
Dear Investor,
The long bear market turned bullish on September 21, 2001.
And few profited as handsomely from this turnaround as
subscribers to Steve Harmon's Broadband Investor did. For
example:
September 17, 2001: Steve Harmon tells his subscribers:
"clearly more has to be done in the area of travel security."
He issues buy signs on eight travel security stocks.
Steve Harmon Says "Buy"
Stock 9/17/01 Recent
Price Price Gain
-------------------------------------------------------------
InVision Technologies (INVN)* $8.23 $37.50* +356%
Identix (IDNX) $7.20 $14.59 +103%
Visionics (VSNX) $8.25 $14.43 +75%
American Science & Engineering (ASE) $11.36 $20.25 +78%
Magal Security Systems (MAGS) $8.30 $12.62 +52%
Compudyne (CDCY) $13.00 $17.50 +38%
Vicon Industries (VII) $3.31 $4.56 +38%
ICTS International (ICTS) $9.49 $7.02 -35%
Gain since 9/17/01: +88%
*Investors following Steve Harmon's advice sold this stock
on 12/17/01 for a HUGE gain!
September 23, 2001: Steve Harmon highlights Checkpoint
Software (CHKP) as "the best technology stock to buy now."
Investors who followed his advice reaped a huge +68% return.
Steve Harmon Says "Buy"
Stock 9/23/01 Recent
Price Price Gain
-------------------------------------------------------------
Checkpoint Software (CHKP) $24.12 $40.61 +68%
Gain since 9/23/01: +68%
September 24, 2001: Steve Harmon recommends QQQ, the stock that
tracks the Nasdaq 100 Index, as a diversified, lower-risk play
on the recovering tech and healthcare sectors. His subscribers
now enjoy a +35% gain.
Stock 9/24/01 Recent
Price Price Gain
-------------------------------------------------------------
Nasdaq 100 Index (QQQ) $29.61 $40.11 +35%
Gain since 9/24/01: +35%
-------------------------------------------------------------
-------------------------------------------------------------
Click Here for a FREE One-Month Subscription to
Steve Harmon's Broadband Investor
http://www.investools.com/c/go/BRBN/STREET-brbndCt?s=S601
or call 1-800-567-2683 and activate your free subscription
with the help of our friendly customer service team.
-------------------------------------------------------------
-------------------------------------------------------------
Strike Before the Iron Gets Hot
How can you put profits like those in your portfolio? Get in
early with Steve Harmon -- before Wall Street catches on.
"In my analysis, the best is yet to come," Harmon says. "But
only for those who strike before the iron gets hot." Take a
FREE 30-day trial to Broadband Investor and get a jump on
what's hot for 2002:
? Which tech stocks will shine this year -- and which will
remain in the rubble.
? Which technologies and companies are ready for prime time
-- and your investing dollars. And which will be
money-losing victims of the tech shakeout.
? What are the biggest new trends for 2002, and what companies
will dominate.
? How to profit from America's new focus on security in travel,
computers, banking and elsewhere.
-------------------------------------------------------------
-------------------------------------------------------------
Click Here for a FREE One-Month Subscription to
Steve Harmon's Broadband Investor
http://www.investools.com/c/go/BRBN/STREET-brbndCt?s=S601
or call 1-800-567-2683 and activate your free subscription
with the help of our friendly customer service team.
-------------------------------------------------------------
-------------------------------------------------------------
How Does He Do It?
A former computer specialist and high-tech venture capitalist,
Steve Harmon knows the ins & outs of the technology business --
and he sees things that most financial advisors and investors
miss. Broadband Investor deciphers the confusion, chaos and
disruption in the complex but lucrative sectors for today's
investors.
Harmon focuses on companies with the strongest fundamentals,
like market leadership, sales and earnings growth, sector
potential, and management strength. And he steers clear of
momentum darlings that run on hot air but deflate quickly
when speculators run away.
See for yourself why Investors Chronicle calls Steve Harmon
"One of the top 10 online commentators." Why Smart Money lauds
him as "One of three rising stars in technology investing."
And start getting your share of the post-September 2001 rebound
today! Take a no-risk 30-day FREE trial to Broadband Investor.
-------------------------------------------------------------
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
(c) 2001 INVESTools.com, Inc. All rights reserved.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
-------------------------------------------------------------
---------------------------------------------------------------------
---------------------------------------------------------------------
This email has been sent to you by TheStreet.com because
you are a current or former subscriber (either free-trial
or paid) to one of our web sites. If you would prefer not to
receive these types of emails from us in the future, please click
here:
https://secure2.thestreet.com/cap/unsubscribe.do?Type=3
If you are not a current or former subscriber, and you believe you
received this message in error, please forward this message to
[email protected], or call our customer service
department at 1-800-562-9571.
Please be assured that we respect the privacy of our subscribers.
To view our privacy policy, please click here:
http://www.thestreet.com/tsc/about/privacy.html |
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." 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." 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."
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."
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)."
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."
Interest- Interest should not be charged against any refund amounts unless the refund amount exceeds the amounts that are past due to the seller. |
Tanya,
I t makes sense to wait till October.
Vince
Tanya Tamarchenko
01/07/2000 01:56 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: Executive Program on Credit Risk
Vince,
next time this program will be offered in CA in October (see below).
Let me know what you think,
Tanya.
"Isero, Alicia" <[email protected]> on 01/07/2000 12:38:12 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: RE: Executive Program on Credit Risk
Thank you for your message. Yes, it will be offered in California at
Stanford, but not until October 15 - 20. If you look on our website:
www.gsb.stanford.edu/exed <http://www.gsb.stanford.edu/exed>
(click on programs)
it will give you the information for both programs (London and Stanford).
Regards,
Alicia Steinaecker Isero
Program Manager, Executive Education
Stanford University
Graduate School of Business
Stanford, CA 94305-5015
Phone: 650-723-2922
Fax: 650-723-3950
Email: [email protected] <mailto:[email protected]>
-----Original Message-----
From: Tanya Tamarchenko [SMTP:[email protected]]
Sent: Thursday, January 06, 2000 3:23 PM
To: [email protected]
Subject: Re: Executive Program on Credit Risk
Hi, Alicia,
I work for Enron Research and I would like to take the Executive
Program on
Credit Risk.
I am trying to find out if this program is going to be offered in
California
soon. Is the date known?
Can you, please, let me know.
Appreciate it,
Tanya Tamarchenko
11/19/99 01:37 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Re: Executive Program on Credit Risk (Document link:
Tanya
Tamarchenko)
"Isero, Alicia" <[email protected]> on 11/10/99 06:10:57
PM
To: "'Credit Risk mailing'"
<"IMCEACCMAIL-Isero+5Falicia+40gsb+2Estanford+2Eedu+20at+20isero+5Falicia+40
gsb+2Estanford+2Eedu"@exch-gsb.stanford.edu>
cc: "Weidell, Anna" <[email protected]>, "Sheehan,
Alice"
<[email protected]> (bcc: Tanya
Tamarchenko/HOU/ECT)
Subject: Executive Program on Credit Risk
Subject: ANNOUNCEMENT: Executive Program on Credit Risk Modeling
Credit Risk Modeling for Financial Institutions
February 27 - March 2, 2000
in London, at the Lanesborough Hotel
Risk management specialists, Stanford Business School professors of
finance
Darrell Duffie and Kenneth Singleton will be repeating their
successful
executive program on Credit Risk Pricing and Risk Management for
Financial
Institutions. The course is created for risk managers, research
staff, and
traders with responsibility for credit risk or credit-related
products,
including bond and loan portfolios, OTC derivative portfolios, and
credit
derivatives.
This program includes:
* valuation models for corporate and sovereign bonds, defaultable
OTC
derivatives, and credit derivatives
* models for measuring credit risk, with correlation, for
portfolios
* analyses of the empirical behavior of returns and credit risk
* the strengths and limitations of current practice in modeling
credit
risk
* practical issues in implementing credit modeling systems
___________________________________________________________
Application Form:
Credit Risk Modeling for Financial Institutions
London, February 27 - March 2, 2000
This form may be completed and returned by email, or may be printed
and sent
by fax to:
Stanford GSB Executive Education Programs
Fax Number: 650 723 3950
You may also apply and see more detailed information by visiting our
web
site at:
http://www.gsb.stanford.edu/eep/CRM
<http://www.gsb.stanford.edu/eep/CRM>
Applications will be acknowledged upon receipt. If you have not
received an
acknowledgement within two weeks, please contact us.
Please complete all sections. All information is kept strictly
confidential.
Name:
Put an x beside one, please: Male: Female:
Citizenship:
Job Title:
Company:
Your company's main activity:
Business Mailing Address:
Business Phone (all codes please):
Business Fax :
Email Address:
Home Address:
Home Phone:
Nickname for identification badge:
Emergency Contact Name:
Emergency Contact Phone:
Title of person to whom you report:
Your job responsibilities and experience related to this course:
(Please
provide a brief job summary here, or attach and send a biographical
summary
containing information relevant to your purpose and qualifications
for the
course.)
College or University Education: please list, by degree:
College or University Dates Degree Granted
_________________ _____ _____________
_________________ _____ _____________
Please note:
All classes and discussions are conducted in English.
In order to reserve a place in the course, the program fee of
US$6,500 is
due upon notification of acceptance. This fee covers the tuition,
most
meals, and all course materials (including a proprietary manuscript
on
credit risk pricing and measurement). The program classes will be
held at
the Lanesborough Hotel at Hyde Park Corner, London. Hotel
accommodations
are not included.
Our refund policy is available upon request.
Please state the source from which you heard about this course:
Name and Date:
If you would like a hard copy brochure and application form, please
contact:
(make sure to include your MAILING ADDRESS)
Alicia Steinaecker Isero
Program Manager, Executive Education
Stanford University
Graduate School of Business
Stanford, CA 94305-5015
Phone: 650-723-2922
Fax: 650-723-3950
Email: [email protected]
<mailto:[email protected]> |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/27/2000
08:48 AM ---------------------------
Robert Brooks <[email protected]> on 03/22/2000 12:45:20 PM
Please respond to "[email protected]" <[email protected]>
To: "'GPCM Distribution'" <[email protected]>
cc: (bcc: Vince J Kaminski/HOU/ECT)
Subject: GRI and Gas Storage
Gri Study Documents Changing Role of Natural Gas Storage
( March 21, 2000 )
(reported in http://powermarketers.com 3/22/2000)
(forwarded to you by Bob Brooks, RBA Consultants)
ARLINGTON, Va., March 21 /PRNewswire/ -- Regulatory changes coupled with
steady growth in U.S. natural gas consumption are expected to trigger a 21
percent increase in gas storage capacity over the next 15 years, according
to a new GRI study.
The study -- Natural Gas Storage Overview in a Changing Market Environment
(GRI-99/0200) -- estimates that lower 48 storage capacity for working gas
will grow from 3.8 trillion cubic feet (Tcf) in 1998 to 4.6 Tcf in 2015.
About 75 percent of the capacity additions are expected to occur after
2005, as gas demand grows more rapidly than storage capacity requirements
during the next five years.
Part of the new capacity will provide storage operators with increased
operating flexibility and augment changing needs of the power generation
and industrial sectors. These two sectors are expected to account for
nearly 80 percent of growth in gas consumption between 1998 and 2015. (GRI
projects the nation's gas demand will increase 50 percent, from 21.3 Tcf in
1998 to 32.8 Tcf in 2015.)
The added storage capacity will require a gas industry investment of nearly
$5.0 billion (1998 dollars) between 1998 and 2015, or about $270 million
per year, the study estimates.
The study, conducted for GRI by Energy and Environmental Analysis Inc.,
Arlington, Va., identifies several trends that will drive future storage
requirements, including:
* High consumption by power generation and industrial markets dampens
seasonal volatility. Since these sectors have relatively flat
year-round load profiles, they act to compliment rather than
stimulate short term demand swings in traditional residential and
commercial applications which drive the need for increased storage
capacity to overcome seasonal differences.
* Increases in the value of market-area storage to accommodate significant
growth in gas usage for power generation are anticipated. Due to
improvements in technology, favorable economics, and low emissions,
natural gas is expected to be the preferred incremental fuel for
power generation for the foreseeable future.
* Pipeline restructuring is changing the role and value of storage. Most
notable are the development of secondary markets for storage and
pipeline capacity, growth of market hubs and gas marketers, and a shift
toward market-based rates.
* Storage services are likely to become more efficient as a result of
local distribution company restructuring. Storage operators are
expected to have a direct profit motive to maximize the value of storage
and are likely to offer new services that use existing facilities more
effectively.
"These trends are already beginning to have a major impact on gas storage
operations and will only be magnified in the future," said John Cochener,
GRI project manager and principal analyst-resource evaluation. "We are
already seeing increases in the value of well-placed storage facilities,
particularly those able to capitalize on regulatory changes that allow for
greater operating flexibility. The reduction in regulatory constraints will
allow storage market players even greater latitude in the future to
experiment with innovative competitive tools. This will result in greater
flexibility in the timely movements of gas to where it's required.
Conversely, high-cost storage operators, who fail to respond to the
changing market by offering more flexibility, may eventually find
themselves at a competitive disadvantage in the future and may see the
value of their storage asset stagnate."
The study is GRI's most comprehensive look at gas storage markets. Included
is an analysis of changes in storage capacity, services, customer usage
patterns and costs, as well as proposed storage projects. LNG and
Propane-Air are covered in addition to traditional types of storage
facilities. The study also reviews future storage requirements, costs
associated with expanding different types of storage capacity, and the
merits of different storage locations.
The study also looks at storage capacity under existing contracts. One
finding is that the average length of time until contract expiration for
firm storage contracts has declined from 6.8 years in 1996 to 6.2 years in
1999. More than half of the existing contracts in spring 1999 will expire
by 2004. By 2006, 70 percent of existing contracts will have expired.
Further, storage operators will generally be replacing storage contracts
negotiated by local distribution companies (with guaranteed rates of
return) with contracts negotiated by the growing ranks of gas marketers,
who are under competitive pressure to hold down costs.
The number of years remaining under existing storage contracts varies by
customer type, according to the study. Currently, cogenerators and
independent power producers have the longest remaining contract lengths,
followed by pipelines, gas utilities and marketers. Electric utilities and
industrial customers have the shortest average contract lengths remaining.
Listed in the study are the top 50 storage capacity holders.
Questions about the study or ordering should be addressed to Kelly Murray,
GRI Baseline Center, Arlington, Va., at 703-526-7832; by fax at
703-526-7805; or by E-mail: mailto:[email protected] <<a href=> The study
(GRI-99/0200) can be ordered directly from the GRI Document Fulfillment
Center by fax at 630-406-5995. The report is $250 for GRI members and $325
for nonmembers, plus shipping and handling. |
FYI
-----Original Message-----
From: Walls Jr., Rob
Sent: Tuesday, October 30, 2001 8:57 AM
To: Derrick Jr., James
Subject: FW: Economic Times article: FIs may take over Enron for $700-800m
-----Original Message-----
From: Ambler, John
Sent: Tue 10/30/2001 8:52 AM
To: Horton, Stanley; Hughes, James A.; Walls Jr., Rob; Lundstrom, Bruce
Cc: Kean, Steven J.; Palmer, Mark A. (PR); Denne, Karen; Mayeux, Gay; Cline, Wade
Subject: FW: Economic Times article: FIs may take over Enron for $700-800m
FYI, the Economic Times in India has published the following article, which suggests details of a DPC buy-out. While this article does not accurately reflect the reception Wade Cline has been receiving in Delhi, it may be a trial balloon by the Prime Minister's office to gauge public reaction. Dow Jones has already carried a shortened version of the story, a copy of which appears at the bottom of this e-mail. We are using the following statement to respond to media inquiries:
Media Statement
DPC continues to hold discussions with GoI /IFI's regarding the sale of foreign sponsor equity in the Dabhol project. It would not be appropriate to elaborate further on the recurring media speculation with respect to the status of these buyout discussions.
While we remain hopeful for an amicable resolution of this issue, DPC continues to pursue the available legal remedies under the contract documents in order to protect the interests of DPC's stakeholders.
ECONOMIC TIMES, Tuesday, October 30, 2001
Enron nears deal to sell DPC to IFI's at 30% discount
IFIs may take over Enron for $700-800m, Shubhrangshu Roy
US power giant Enron is in advanced stages of negotiations to dispose of its controversial Indian venture Dabhol Power Company at a 30 per cent discount to the financial institutions at a price of $700-800 million.
Enron and the FIs, led by the Industrial Development Bank of India, are said to be close to finalising a broad agreement to this effect in the next few days. The final settlement should be worked out before Prime Minister Atal Bihari Vajpayee leaves for the US in the second week of November. Should the deal go through, Enron is likely to settle for a five-year payment plan in equal instalments to minimise a heavy one-time foreign exchange outgo. Enron claims its financial exposure in DPC is over $1 billion. It had earlier insisted that it be paid this sum for any out-of-court settlement and to enable its exit from India. Now it is likely to settle for a lesser amount, that is in the excess of $700 million, but definitely lower than $800 million, which is its actual equity exposure in DPC. Sources close to the ongoing negotiations say that the government is eager that the FIs take over DPC quickly so that the Prime Minister can tell US President George W Bush during his forthcoming visit to Washington that justice has been done to the power major.
Enron chairman Kenneth Lay, known to be close to the US President, was the biggest donor to Bush's campaign kitty. A settlement of the Enron imbroglio, being played out since early this year, is seen to be important to enhancing India's political relationship with the US. The government is keen that the FIs take over DPC to avoid prolonged negotiations on a settlement that would be necessary if a private Indian promoter were to step in. So far, BSES and Tata Power have evinced interest in taking over DPC, but their offer prices are said to be too low. The FIs, on the other hand, are keen on an early settlement as they have a huge loan exposure of over Rs 6,200 crore. Should the FIs take over the company, they are expected to warehouse the project before selling it to a private buyer. This is expected to take at least 90 days.
Any prospective private sector buyer would need at least a month to undertake a proper due diligence of DPC's accounts. Thereafter, the FIs could take at least another 30 days to make an open offer and another month to close the sale with a private bidder or the State-owned National Thermal Power Corporation.
Sources say of the $1-billion-plus exposure claimed by Enron in DPC, Enron's equity exposure -- along with its US partners GE and Bechtel -- is $800 million. The company also claims to have spent around $200 million as "development expenditure" and around $140 million by way of retained earnings.
___________________________________________________________________________
NEW DELHI -(Dow Jones)- U.S. energy company Enron Corp. (ENE) is in an advanced stage of negotiations to sell its Indian unit, Dabhol Power Co., at a 30% discount to financial institutions at a price likely between $700 million-$800 million, reports the Economic Times, quoting unnamed sources.
The business daily says Enron and the financial institutions, led by the Industrial Development Bank of India (P.IDB), are close to finalizing a broad agreement within the next few days. The final settlement should be worked out before Indian Prime Minister Atal Bihari Vajpayee leaves for the U.S. in the second week of November, according to the report.
Should the deal go through, Enron is likely to settle for a five-year payment plan in equal instalments to minimize a heavy one-time foreign exchange transfer, says the report.
Dabhol is a 2,184-megawatt power project located in the western Indian state of Maharashtra. Enron holds a 65% stake in DPC. Costing $2.9 billion, the project is the single largest foreign investment in India to date.
Newspaper Web site: www.economictimes.com
-By Himendra Kumar; Dow Jones Newswires; 91-11-461-9426; [email protected] |
Sunday works for me, and we can meet in my office. But if it's OK, 10 AM
works better for me. Let me know.
And Anil has very graciously offered to coordinate the power point
presentation for the project. And having worked with Anil on another project
that required power point, I can vouch that he is at wizard with the
technology.
Best,
Jeff
Anil Sama <[email protected]>
04/16/2001 07:10 PM
To: "Vavrek, Carolyn \(US - San Francisco\)" <[email protected]>,
[email protected], "Guinney, Mark" <[email protected]>
cc: Anil Sama <[email protected]>
Subject: RE: RE: OAT Valuation Model
Sunday 9AM works for me. Jeff, can we meet at your office?
"Vavrek, Carolyn (US - San Francisco)" <[email protected]> wrote:
I will cancel with Diane for my commitment during Thursday break, so we can
definitely meet then. How does meeting on Sunday morning work for everyone?
Say around 9am-ish?
- Carolyn
Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA 94105
phone: 415-783-5137
fax: 415-783-8760
e-mail: [email protected]
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Monday, April 16, 2001 3:31 PM
To: Guinney, Mark
Cc: "Anil Sama" ; "Vavrek; Carolyn (US - San Francisco)" ;
"[email protected]"
Subject: Re:RE: OAT Valuation Model
Our schedules make it messy. I can come over tomorrow during the break if
Anil and Carolyn want to meet. Mark, if you want to hunker down with the
model tomorrow, you sh! ould feel free. The only thing about Thursday is
that Carolyn's got a commitment with Dian. Can we talk about meeting this
weekend? I can be flexible.
Best,
Jeff
"Guinney, Mark"
wyatt.com> \"Vavrek; Carolyn (US - San
Francisco)\" "
, "
04/16/2001 01:31 PM \"[email protected]\"
"
cc:
Subject: Re:RE: OAT
Valuation Model
Guys,
We are not going to be able to meet during the week since we all have class
every day of the week. We'll have to talk on Thursday and again Sat. or
Sun.
Come prepared so we can be efficient.
Later
**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA 94104
(415) 733-4487 ph.
(415) 733-4190 fax
____________________Reply Separator____________________
Subject: RE: OAT Valuation Model
Author: "Anil Sama" <?XML:NAMESPACE PREFIX = SMTP />
Date: 04/16/2001 5:24 PM
Nice job Jeff!
I can meet Tuesday evening, Sat PM, or Sunday.
-Anil
"Vavrek, Carolyn (US - San Francisco)" wrote:
Jeff - Thanks for putting so much work into this. Excellent job!
I agree that we should figure out when we can meet again. I can meet
tonight, during break on Tuesday and basically anytime on Saturday or
Sunday. During break on Thursday I volunteered to help Diane with a new
student's reception, but I can cancel that if need be. What does everyone
else's schedule look like?
Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA 94105
phone: 415-783-5137
fax: 415-783-8760
e-mail:! [email protected]
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Monday, April 16, 2001 8:56 AM
To: '[email protected]'; 'Mark Guinney'; Cvavrek
Subject: OAT Valuation Model
----- Forwarded by Jeff Dasovich/NA/Enron on 04/16/2001 10:53 AM -----
Jeff Dasovich
Sent by: Jeff To: "Sama, Anil"
Dasovich cc: "'[email protected]'"
,
[email protected], "'Mark
Guinney'"
04/16/2001 Subject: OAT Valuation
Model(Document link:
10:52 AM Jeff Dasovich)
OK folks. It's about 80% of the way there. My brains are oozing out
looking at cells, so I want to get this around so Mark can get started on
refining assumptions and other folks can examine as well. I'll continue to
check it and de-bug it. Mark, you and I should talk, too. (You'll note
that at this point, the valuation is in the $30s, so there's work to! do.)
Apologies in advance for any errors (and I'm sure they're there).
If anyone has any questions on the model, just let me know.
I think we ought to get together to meet this week as much as possible to
start getting the power point presentation together. And perhaps we should
think about meeting this weekend?
In the meantime, I'm pulling together the data on Buffet (Berkshire
Hathaway) stock performance, etc., and will also do the financial ratios,
including Dupont, for OAT.
Does this work for folks? Other thoughts?
Best,
Jeff
(See attached file: OAT Valuation 0416.xls)
This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law. If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any act! ion based on it, is strictly prohibited.
_____
Do You Yahoo!?
Yahoo! Mail Personal Address
- Get email at your own domain with Yahoo! Mail.
This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law. If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.Syun
Do You Yahoo!?
Yahoo! Mail Personal Address - Get email at your own domain with Yahoo! Mail. |
Here's that email of "Bushism's".
----- Forwarded by Tana Jones/HOU/ECT on 11/14/2000 03:47 PM -----
Jon Chapman
11/14/2000 03:42 AM
To: Tana Jones/HOU/ECT@ECT, Peter Keohane/CAL/ECT@ECT
cc:
Subject: FW: Good luck America
And so it goes on .........
---------------------- Forwarded by Jon Chapman/LON/ECT on 14/11/2000 09:44
---------------------------
[email protected] on 14/11/2000 05:21:06
To: [email protected], [email protected], [email protected]
cc:
Subject: FW: Good luck America
David Davies
National Manager - Chubb Traffic Services
02 9930 4318 / 0401 77 66 18
---------------------- Forwarded by David Davies/NSW/Chubb on 14/11/2000
03:22 PM ---------------------------
Tony Ayers <[email protected]> on 14/11/2000 04:15:44 PM
To: "David Davies (E-mail)" <[email protected]>, "Mark Langan
(E-mail)" <[email protected]>, "Patrick O'Callaghan (E-mail)"
<[email protected]>, "Tony Ayers (E-mail)"
<[email protected]>
cc:
Subject: FW: Good luck America
-----Original Message-----
From: [email protected] <mailto:[email protected]>
[SMTP:[email protected]]
<mailto:[SMTP:[email protected]]>
Sent: Tuesday, 14 November 2000 15:13
To: [email protected]; <mailto:[email protected];>
[email protected]; <mailto:[email protected];>
[email protected]; <mailto:[email protected];> [email protected]
<mailto:[email protected]>
Subject: FW: Good luck America
These are some quotes attributed to the would be American President
George
Bush
Perhaps this is how upper management speak?
Subject: Good luck America....
"The vast majority of our imports come from outside the country."
....George W. Bush, Jr.
"If we don't succeed, we run the risk of failure."
....George W. Bush, Jr.
"Republicans understand the importance of bondage between a mother and
child."
....Governor George W. Bush, Jr.
"Welcome to Mrs. Bush, and my fellow astronauts."
....Governor George W. Bush, Jr.
"Mars is essentially in the same orbit...Mars is somewhat the same
distance from the Sun, which is very important.
We have seen pictures where there are canals, we believe, and water. If
there is water, that means there is oxygen.
If oxygen, that means we can breathe."
....Governor George W. Bush, Jr., 8/11/94
"The Holocaust was an obscene period in our nation's history. I mean in
this century's history. But we all lived in this century. I didn't live
in this century."
....Governor George W. Bush, Jr., 9/15/95
"I believe we are on an irreversible trend toward more freedom and
democracy - but that could change."
....Governor George W. Bush, Jr., 5/22/98
"One word sums up probably the responsibility of any Governor, and that
one word is 'to be prepared'."
....Governor George W. Bush, Jr., 12/6/93
"Verbosity leads to unclear, inarticulate things."
....Governor George W. Bush, Jr., 11/30/96
"I have made good judgments in the past. I have made good judgments in
the future."
....Governor George W. Bush, Jr.
"The future will be better tomorrow."
....Governor George W. Bush, Jr.
"We're going to have the best educated American people in the world."
....Governor George W. Bush, Jr., 9/21/97
"People that are really very weird can get into sensitive positions and
have a tremendous impact on history."
....Governor George W. Bush.
"I stand by all the misstatements that I've made."
....Governor George W. Bush, Jr. to Sam Donaldson, 8/17/93
"We have a firm commitment to NATO, we are a part of NATO. We have a
firm commitment to Europe. We are a part of Europe." ....Governor George
W. Bush, Jr.
"Public speaking is very easy."
....Governor George W. Bush, Jr. to reporters in 10/9
"I am not part of the problem. I am a Republican"
....Governor George W. Bush, Jr.
"A low voter turnout is an indication of fewer people going to the
polls."
....Governor George W. Bush, Jr
"When I have been asked who caused the riots and the killing in LA, my
answer has been direct & simple Who is to blame for the riots? The
rioters are to blame. Who is to blame for the killings? The killers are
to blame."
....George W. Bush, Jr.
"Illegitimacy is something we should talk about in terms of not having
it."
....Governor George W. Bush, Jr., 5/20/96
"We are ready for any unforeseen event that may or may not occur."
....Governor George W. Bush, Jr., 9/22/97
"For NASA, space is still a high priority."
....Governor George W. Bush, Jr., 9/5/93
"Quite frankly, teachers are the only profession that teach our
children."
....Governor George W. Bush, Jr., 9/18/95
"The American people would not want to know of any misquotes that
George Bush may or may not make."
....Governor George W. Bush, Jr.
"We're all capable of mistakes, but I do not care to enlighten you on
the mistakes we may or may not have made."
....Governor George W. Bush, Jr.
"It isn't pollution that's harming the environment. It's the impurities
in our air and water that are doing it."
....Governor George W. Bush, Jr.
"[It's] time for the human race to enter the solar system."
....Governor George W. Bush, Jr.
*************************************************************
This email and any files attached are considered
confidential and intended solely for the use of the
individual or entity to whom this email is addressed.
If you have received this email in error please notify :
( [email protected] )
This footnote also confirms that the above email has been
scanned for the presence of computer viruses.
************************************************************* |
Control Tower to Pilot
> >
> >
> > The following are accounts of actual exchanges between airline pilots
and
> > control towers from around the world:
> >
> > While taxiing the crew of a US Air flight departing for Ft. Lauderdale
> made
> > a wrong turn and came nose to nose with a United
> > 727. The irate female ground controller lashed out at the US Air crew,
> > screaming: "US Air 2771, where are you going? I told you to turn right
> onto
> > Charlie taxiway! You turned right on Delta! Stop right there. I know
> it's
> > difficult for you to tell the difference between C's and D's, but get it
> > right!"
> >
> > Continuing her tirade to the embarrassed crew, she was now shouting
> > hysterically: "God, you've screwed everything up! It'll take forever to
> sort
> > this out! You stay right there and don't move till I tell you to! You
> can
> > expect progressive taxi instructions in about half an hour and I want
you
> to
> > go exactly where I tell you, when I tell you, and how I tell you! You
got
> > that, US Air 2771?"
> >
> > "Yes ma'am," the humbled crew responded.
> >
> > Naturally the ground control frequency went terribly silent after the
> verbal
> > bashing of US Air 2771. Nobody wanted to engage the irate ground
> controller
> > in her current state. Tension in every cockpit at LGA was running high.
> Then
> > an unknown pilot broke the silence and asked, "Wasn't I married to you
> once?"
> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> > The controller working a busy pattern told the 727 on downwind to make a
> > three-sixty--do a complete circle, a move normally used to provide
> spacing
> > between aircraft. The pilot of the 727 complained, "Don't you know it
> costs
> > us two thousand dollars to make even a one-eighty in this airplane?"
> >
> > Without missing a beat the controller replied, "Roger, give me four
> thousand
> > dollars' worth."
> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> > A DC-10 had an exceedingly long rollout after landing with his approach
> speed
> > a little high.
> >
> > San Jose Tower: "American 751 heavy, turn right at the end of the
runway,
> if
> > able. If not able, take the Guadeloupe exit off Highway 101 and make a
> right
> > at the light to return to the airport."
> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> > It was a really nice day, right about dusk, and a Piper Malibu was being
> > vectored into a long line of airliners in order to land at Kansas City.
> >
> > KC Approach: "Malibu three-two Charlie, you're following a 727, one
> o'clock
> > and three miles."
> >
> > Three-two Charlie: "We've got him. We'll follow him."
> >
> > KC Approach: "Delta 105, your traffic to follow is a Malibu, eleven
> o'clock
> > and three miles. Do you have that traffic?"
> >
> > Delta 105 (in a thick southern drawl, after a long pause): "Well...I've
> got
> > something down there. Can't quite tell if it's a Malibu or a Chevelle."
> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> > Unknown aircraft: "I'm f...ing bored!"
> >
> > Air Traffic Control: "Last aircraft transmitting, identify yourself
> > immediately!"
> >
> > Unknown aircraft: "I said I was f...ing bored, not f...ing stupid!"
> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> > Tower: "Eastern 702, cleared for takeoff, contact Departure on 124.7."
> >
> > Eastern 702: "Tower, Eastern 702 switching to Departure. By the way,
> after
> > we lifted off we saw some kind of dead animal on the far end of the
> runway."
> >
> > Tower: "Continental 635, cleared for takeoff, contact Departure on
> > 124.7. Did you copy that report from Eastern?"
> >
> > Continental 635: "Continental 635, cleared for takeoff, roger; and yes,
> we
> > copied Eastern and we've already notified our caterers."
> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> > The German air controllers at Frankfurt Airport are a short tempered
lot.
> > They not only expect one to know one's gate parking location, but how to
> get
> > there without any assistance from them. So it was with some amusement
> that
> > we (a Pan Am 747) listened to the following exchange between Frankfurt
> ground
> > control and a British Airways 747, call sign "Speedbird 206":
> >
> > Speedbird 206: "Top of the morning, Frankfurt, Speedbird 206 clear of
the
> > active runway."
> >
> > Ground: "Guten Morgen. You vill taxi to your gate." The big British
> Airways
> > 747 pulled onto the main taxiway and slowed to a stop.
> >
> > Ground: "Speedbird, do you not know where you are going?"
> >
> > Speedbird 206: "Stand by a moment, Ground, I'm looking up our gate
> location
> > now."
> >
> > Ground (with arrogant impatience): "Speedbird 206, haff you never flown
> to
> > Frankfurt before?"
> >
> > Speedbird 206 (coolly): Yes, I have, actually, in 1944. In another type
> of
> > Boeing, but just to drop something off. I didn't stop."
> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> > O'Hare Approach Control: "United 329 heavy, your traffic is a Fokker,
one
> > o'clock, three miles, eastbound."
> >
> > United 239: "Approach, I've always wanted to say this...I've got that
> Fokker
> > in sight."
> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> > A Pan Am 727 flight engineer waiting for start clearance in Munich
> overheard
> > the following: Lufthansa (in German): Ground, what is our start
clearance
> > time?"
> >
> > Ground (in English): "If you want an answer you must speak English."
> >
> > Lufthansa (in English): "I am a German, flying a German airplane, in
> Germany.
> > Why must I speak English?"
> >
> > Unknown voice (in a beautiful British accent): "Because you lost the
> bloody
> > war!" |
>Sender: [email protected]
>Reply-To: [email protected]
>From: [email protected]
>To: [email protected]
>Subject: NYTimes.com Article: Suspended Rabbi Quits Seminary Presidency
>Date: Tue, 12 Dec 2000 00:02:21 -0500 (EST)
>
>This article from NYTimes.com
>has been sent to you by Bob Moss [email protected].
>
>Karen
>
>
>
>Bob Moss
>[email protected]
>
>/-------------------- advertisement -----------------------\
>
>
>LOOKING FOR A TRULY HIGH-SPEED INTERNET EXPERIENCE?Then visit Alcatel.com
>and see what makes us theeworld's leading supplier of DSL
>solutions..Alcatel, world leader in DSL
>solutions..http://www.nytimes.com/ads/email/alcatel/index.html
>
>\----------------------------------------------------------/
>
>Suspended Rabbi Quits Seminary Presidency
>http://www.nytimes.com/2000/12/07/national/07RABB.html
>
>December 7, 2000
>
>By GUSTAV NIEBUHR
>
>Rabbi Sheldon Zimmerman, a leading figure in Judaism's Reform
>movement as president of its seminary, has resigned from his job
>after being suspended by the movement's rabbinic organization for
>having entered into "personal relationships" in the past that the
>organization said violated its ethical code.
>
> Rabbi Zimmerman, president of Hebrew Union College-Jewish
>Institute of Learning, where he had been considered a charismatic
>and innovative leader, quit that post on Monday, after the Central
>Conference of American Rabbis suspended his rabbinical functions
>for at least two years, college and conference officials said.
>
> In a statement, the college said the suspension followed an
>investigation by the conference into "personal relationships" of
>Rabbi Zimmerman, which it did not specify other than to say that
>they predated his appointment as president in January 1996. Rabbi
>Zimmerman was the seventh president of the college, which was
>founded in 1875.
>
> Rabbi Paul J. Menitoff, the conference's executive vice president,
>said its board approved the penalty on Monday, based on a
>recommendation by its ethics committee, which looks into complaints
>about the conference's 1,700 members.
>
> Rabbi Menitoff said that conference rules prevented him from
>discussing the case but that the board decided Rabbi Zimmerman had
>violated a part of the ethics code, paragraph 2A, which deals with
>sexual conduct.
>
> It is included in the section of the code on "personal
>responsibility," which covers such matters as family life, personal
>honesty and finances. It calls on rabbis "to be scrupulous in
>avoiding even the appearance of sexual misconduct, whether by
>taking advantage of our position with those weaker than ourselves
>or dependent on us or succumbing to the temptations of willing
>adults."
>
> Hebrew Union, which trains men and women as rabbis and cantors and
>in other graduate and professional fields, has 1,500 students on
>campuses in Cincinnati, Los Angeles, New York and Jerusalem. Before
>becoming president, Rabbi Zimmerman, 58, was senior rabbi of Temple
>Emanu-El in Dallas from 1985 to 1995, and senior rabbi at Central
>Synagogue in New York, from 1972 to 1985. He is married and has
>four children. From 1993 to 1995, he was also the conference's
>president.
>
> Rabbi Zimmerman's resignation was first reported yesterday in The
>Cincinnati Enquirer and The Dallas Morning News.
>
> Efforts to reach him through the college and its officials were
>unsuccessful. The college said it appointed its provost, Norman
>Cohen, as acting president and would search for a permanent
>replacement.
>
> Rabbi Menitoff said the conference followed "the same process that
>we'd follow with any rabbi in the conference in similar
>circumstances." He said complaints against a rabbi are referred to
>and investigated by the ethics committee. Depending on that
>committee's findings, the conference may dismiss the complaint,
>privately reprimand or publicly censure a rabbi or suspendn or
>expel a rabbi.
>
> Rabbi Menitoff said the decision to suspend Rabbi Zimmerman was
>"very difficult and painful for everyone involved."
>
> Rabbi Eric H. Yoffie, president of the Union of American Hebrew
>Congregations, the Reform movement's synagogue organization, said
>Rabbi Zimmerman did not contest the findings or the judgment
>against him but responded to the decision "with great dignity."
>
> Rabbi Yoffie said that during his tenure as president, Rabbi
>Zimmerman added younger scholars to the faculty and expanded the
>college's Los Angeles branch so much that it will begin ordaining
>rabbis in 2002.
>
> Another member of the conference, Rabbi A. James Rudin, emeritus
>director of interreligious affairs at the American Jewish
>Committee, said Rabbi Zimmerman's resignation was "a real loss" and
>"a shock to the movement."
>
> Hebrew Union's chairman, Burton Lehman, praised Rabbi Zimmerman as
>"a great, great leader." Mr. Lehman said that Rabbi Zimmerman's
>resignation would "have an impact" but that the college was strong.
>
> "Transitionally, we'll be fine," Mr. Lehman said. "We have a
>strong faculty that will carry this institution through this
>tribulation."
>
>
>
>
>The New York Times on the Web
>http://www.nytimes.com
>
>/-----------------------------------------------------------------\
>
>
>Visit NYTimes.com for complete access to the
>most authoritative news coverage on the Web,
>updated throughout the day.
>
>Become a member today! It's free!
>
>http://www.nytimes.com?eta
>
>
>\-----------------------------------------------------------------/
>
>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
>
>For general information about NYTimes.com, write to
>[email protected].
>
>Copyright 2000 The New York Times Company |
Attached is Entergy's response to Clarksdales comments.
---------------------- Forwarded by Reagan Rorschach/NA/Enron on 02/26/2001
06:51 PM ---------------------------
"Marvin L. Carraway" <[email protected]> on 02/26/2001 06:39:42 PM
To: [email protected]
cc:
Subject: [Fwd: Revised Draft of Entergy/MDEA Interconnection Agreement]
Return-Path: [email protected]
Received: from coldscn02.morganlewis.com ([12.104.97.122] verified) by
watervalley.net (Stalker SMTP Server 1.8b8) with SMTP id S.0000039933 for
<[email protected]>; Mon, 26 Feb 2001 09:16:47 -0600
Received: from 131.254.253.172 by coldscn02.morganlewis.com with ESMTP (
WorldSecure Server SMTP Relay(WSS) v4.5); Mon, 26 Feb 2001 10:18:18 -0500
X-Server-Uuid: 76d36b76-3d48-11d4-a2af-00508bc764a5
Subject: RE: Revised Draft of Entergy/MDEA Interconnection Agreement
To: "Blair, Bonnie" <[email protected]>
cc: "Blair, Bonnie" <[email protected]>, [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected]
X-Mailer: Lotus Notes Release 5.0.3 March 21, 2000
Message-ID: <[email protected]>
From: [email protected]
Date: Mon, 26 Feb 2001 10:16:38 -0500
X-MIMETrack: Serialize by Router on COLDGTW01/SVR/MLBLaw(Release 5.0.3 |March
21, 2000) at 02/26/2001 10:16:40 AM
MIME-Version: 1.0
X-WSS-ID: 1684AC30338188-01-01
Content-Type: multipart/mixed;
boundary="0__=852569FF0053B7468f9e8a93df938690918c852569FF0053B746"
Content-Disposition: inline
X-Mozilla-Status2: 00000000
Sorry about that; some got the attachment but others didn't. Here it is
again. If this one fails too, please let me know and I'll have a copy
messengered over.
Thanks.
Mike Griffen
Morgan Lewis
(202) 467-7257
(See attached file: MDEA_IOA_2-25-01.doc)
"Blair, Bonnie"
<bblair@thompsonc To:
"'[email protected]'"
oburn.com> <[email protected]>,
"Blair, Bonnie"
<[email protected]>,
02/26/01 10:08 AM [email protected],
[email protected],
[email protected]
cc: [email protected],
[email protected],
[email protected]
Subject: RE: Revised Draft
of Entergy/MDEA
Interconnection Agreement
Hi, Mike - - I received your e-mail, but the revised draft agreement was
not
attached, just two versions of your cover note. Please resend. Thanks.
Bonnie
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Sunday, February 25, 2001 9:00 PM
To: [email protected]; [email protected];
[email protected]; [email protected]
Cc: [email protected]; [email protected]; [email protected]
Subject: Revised Draft of Entergy/MDEA Interconnection Agreement
**********************************************************************
Please note that the Morgan Lewis e-mail domain has been changed
to "morganlewis.com". In most cases, the person's e-mail address is
their first initial and their full last name plus @morganlewis.com.
To locate the e-mail address of a specific individual at Morgan
Lewis, please refer to the firm's web site, now located at
http://www.morganlewis.com, or send an e-mail to [email protected].
Please update your address book and bookmarks accordingly.
If you are experiencing technical problems, please call our toll free
hot line at 877-963-4652.
The information contained in this e-mail message is intended only for
the personal and confidential use of the recipient(s) named above.
This message may be an attorney-client communication and as such is
privileged and confidential. If the reader of this message is not
the intended recipient or an agent responsible for delivering it to
the intended recipient, you are hereby notified that you have received
this document in error and that any review, dissemination,
distribution, or copying of this message is strictly prohibited.
If you have received this communication in error, please notify us
immediately by e-mail, and delete the original message.
**********************************************************************coldsc
n01
**********************************************************************
Please note that the Morgan Lewis e-mail domain has been changed
to "morganlewis.com". In most cases, the person's e-mail address is
their first initial and their full last name plus @morganlewis.com.
To locate the e-mail address of a specific individual at Morgan
Lewis, please refer to the firm's web site, now located at
http://www.morganlewis.com, or send an e-mail to [email protected].
Please update your address book and bookmarks accordingly.
If you are experiencing technical problems, please call our toll free hot
line at 877-963-4652.
The information contained in this e-mail message is intended only for
the personal and confidential use of the recipient(s) named above.
This message may be an attorney-client communication and as such is
privileged and confidential. If the reader of this message is not
the intended recipient or an agent responsible for delivering it to
the intended recipient, you are hereby notified that you have received
this document in error and that any review, dissemination,
distribution, or copying of this message is strictly prohibited.
If you have received this communication in error, please notify us
immediately by e-mail, and delete the original message.
**********************************************************************coldscn0
2
- MDEA_IOA_2-25-01.doc |
---------------------- Forwarded by Juan Hernandez/Corp/Enron on 05/21/2001
08:53 AM ---------------------------
Rudy Acevedo@ECT
05/16/2001 12:05 PM
To: Juan Hernandez/Corp/Enron@ENRON
cc:
Subject: Fwd: A SERIOUS MEXICAN BIRTHDAY PARTY!
---------------------- Forwarded by Rudy Acevedo/HOU/ECT on 05/16/2001 12:04
PM ---------------------------
"Brenda A. Salinas" <[email protected]> on 05/16/2001 11:59:11 AM
To: [email protected]
cc:
Subject: Fwd: A SERIOUS MEXICAN BIRTHDAY PARTY!
THIS IS TOO FUNNY !!!!
? ENJOY !!!
B-
>Subject: Fwd: A SERIOUS MEXICAN BIRTHDAY PARTY!
>Date: Wed, 16 May 2001 11:54:52 EDT
>
>
Get your FREE download of MSN Explorer at http://explorer.msn.com
Return-path: <[email protected]>
From: [email protected]
Full-name: JRiceprod
Message-ID: <[email protected]>
Date: Tue, 15 May 2001 22:54:46 EDT
Subject: Fwd: A SERIOUS MEXICAN BIRTHDAY PARTY!
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]
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="part2_3e.bce6099.283345f6_boundary"
X-Mailer: AOL 5.0 for Windows sub 138
Return-Path: <[email protected]>
Received: from rly-zc02.mx.aol.com (rly-zc02.mail.aol.com [172.31.33.2]) by
air-zc04.mail.aol.com (v78.38) with ESMTP; Mon, 14 May 2001 10:14:24 -0400
Received: from mail1.pcm.net (pcm.net [207.91.150.11]) by
rly-zc02.mx.aol.com (v77_r1.36) with ESMTP; Mon, 14 May 2001 10:14:11 2000
Received: from LETECIA [209.140.43.74] by mail1.pcm.net (SMTPD32-6.05) id
AA39E49A0396; Mon, 14 May 2001 09:22:49 -0500
Message-ID: <[email protected]>
From: <[email protected]>
To: "Quintal, Joe" <[email protected]>
Cc: "Nancy Villarreal" <[email protected]>, "Tessa Diaz"
<[email protected]>, "Miguel Diaz"
<[email protected]>, "Martha Sainz" <[email protected]>,
"Mary Francis Perez" <[email protected]>, "Cindi Garcia"
<[email protected]>, "Pat Garcia" <[email protected]>,
"Judy Jozwiak" <[email protected]>, "Laura Rice"
<[email protected]>, "Pam Banks" <[email protected]>, "Neila
Fernandes" <[email protected]>, "Hamilton, Erin"
<[email protected]>, "Jaramillo, Angelica"
<[email protected]>
Subject: RE: A SERIOUS MEXICAN BIRTHDAY PARTY!
Date: Mon, 14 May 2001 09:15:36 -0500
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_002D_01C0DC56.6FD67E00"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.00.2615.200
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2615.200
FW:? A SERIOUS MEXICAN BIRTHDAY PARTY!
?
You know you are at a SERIOUS MEXICAN BIRTHDAY PARTY IF:
?
1.??? Some of the guests didn't bring a gift, but brought extra uninvited
kids.
2.??? When the cake says "Happy Birthday Mijo" instead of the child's real
name.
3.??? The party is at Chuck E. Cheese, but they brought their own food,
cake, and a pinata.
4.??? It's a party, but there are more grown-ups than children.
5.??? It's "Mijo's" 1st Birthday and the party food is carne asada, arroz
con frijoles puercos, y 10 cases of beer.
6.??? For entertainment, instead of playing pin the tail on the donkey,
there is usually a televised baseball, football game, or a live fight.
7.??? They don't sing Happy Birthday, instead everyone is salsa dancing.
8.??? The party was over at 5:00, it's 10:00 and the party is just starting.
9.??? You find out from Abuela that Abuelo is taking viagra.
10.??? The host calls someone who's on their way and tells them to stop and
get some tortillas and ice.
11.??? The guests start arriving and the hostess disappears to get ready.
12.??? You hear someone go up to the birthday child and say "Mira, tan cute!"
13.??? Someone else says? "I'm going to have to get you something next week
when I get paid.
14.??? The party is Saturday, and you get a call from the hostess Friday
night saying, "I'm giving Mijo a birthday party tomorrow at 3:00."
15.??? Some guests bring gifts that are still in the store bag unwrapped.
16.??? There always seems to be more family than friends at the party.
17.??? You have the party over at your's brother's because he bought a new
house and he has a pool.
18.??? The cake didn't come from the store; it came from the mother of the
comadre of your friend's sister who makes really good cakes.
19.??? You are told you have to save your plate and fork you ate your food
with, so you can eat you cake.
20.??? Someone calls and says they can't make it, but asks that you save
them some cake.
21.??? Guests are wrapping up cake to take to Madre, Tio, Abuela, Chata y el
Junior.
22.??? The party music is coming from a small boom box.
23.??? The birthday child is dressed from head to toe in Tommy.
24.??? The birthday baby's Daddy comes to the party and brings the kid he
had before and after the Birthday Baby.
25.??? It's "Mijo's" party, but since his cousin Madonna is there and her
birthday is in a few days, it becomes Mijo's and Madonna's party.
?
Power to la Raza
?
I thought this was?something to share with all you REAL Mexicans and those
who are still trying to get to know us..........
? |
Sorry. I didn't mean to get you in trouble. You are all still welcome to stay if you change your mind. We are looking forward to seeing you. Directions to our house are below. Mapquest doesn't have our address yet. Let me know when you think you will make it up. Our phone number is 972-315-1194. See you soon.
Mike
Directions to our house:
1) I-45 to I-35E North at downtown
2) North on I-35E to 183 West.
3) 183 West splits at Texas Stadium. Take 114 West.
4) Take 114 West to 121 North.
4) North on Highway 121 to Highway 2499 North.
5) Take 2499 North through three traffic lights.
6) After the three lights, you will go a 2-3 miles and see a small offfice park on the left called Fountain Place or Fountain Park.
7) Immediately after passing the office park take the next left - Spinks St.
8) Take an immediate left on Surrey. You will see the housing development at this point.
9) Take the next right on Solano.
10) Take the next left on Crestfield.
11) Take the next left on Stillwater Ct.
12) We are the fourth house on the left. 2604 Stillwater Ct.
Michael Richter
Business Partner Sales Specialist
Lotus for eServer, South Central U.S.
IBM Americas' Software, Partnership Sales
1503 LBJ Freeway
Dallas, TX 75234
972-280-6574 t/l 542-6574
e-mail mrichter @us.ibm.com
[email protected] 11/26/2001 03:07 PM To: Michael Richter/Dallas/IBM@IBMUS cc: Subject: RE: Saturday
I just talked to Kristi. She said no way we are staying with you because
of the baby. She is pissed I thought abour taking you up on your offer. I
am in trouble.
DG
-----Original Message-----
From: "Michael Richter" <[email protected]>@ENRON
Sent: Monday, November 26, 2001 2:08 PM
To: Giron, Darron C.
Subject: RE: Saturday
If you need a place to stay, you are more than welcome to stay with us.
We moved to Flower Mound, but it is still pretty good access to Texas
Stadium.
Michael Richter
Business Partner Sales Specialist
Lotus for eServer, South Central U.S.
IBM Americas' Software, Partnership Sales
1503 LBJ Freeway
Dallas, TX 75234
972-280-6574 t/l 542-6574
e-mail mrichter @us.ibm.com
|-----------------------------------------------------------------+-------------------------------------------------------------------->
| |[email protected] 11/26/2001 01:51 PM |
|-----------------------------------------------------------------+-------------------------------------------------------------------->
>--------------------------------------------------------------------|
| To: Michael Richter/Dallas/IBM@IBMUS |
|cc: Subject: RE: Saturday |
>--------------------------------------------------------------------|
Good. The game is in Irving, so I will try to find a hotel around
there.
It is also at 7:00pm. We will get into town early so we can come by and
see you guys. You moved to a new house, right? I'll keep you posted.
DG
-----Original Message-----
From: "Michael Richter" <[email protected]>@ENRON
Sent: Monday, November 26, 2001 1:26 PM
To: Giron, Darron C.
Subject: Re: Saturday
Darron,
We'll be here. Let us know what works best for you. Hook 'em Horns!
Mike
Michael Richter
Business Partner Sales Specialist
Lotus for eServer, South Central U.S.
IBM Americas' Software, Partnership Sales
1503 LBJ Freeway
Dallas, TX 75234
972-280-6574 t/l 542-6574
e-mail mrichter @us.ibm.com
|-----------------------------------------------------------------+-------------------------------------------------------------------->
|
|"Giron, Darron C." <[email protected]> 11/26/2001 10:13 AM |
| |
|
|-----------------------------------------------------------------+-------------------------------------------------------------------->
>--------------------------------------------------------------------|
| To: Michael Richter/Dallas/IBM@IBMUS |
|cc: Subject: Saturday |
>--------------------------------------------------------------------|
Mike,
We are going to be in Dallas for the Big XII Championship game on
Saturday night. I just wanted to see if you guys were going to be in
town. If so, we would like to come by and see you guys. Especially
the
newest edition. Let me know.
DG
**********************************************************************
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.
********************************************************************** |
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 |
Here is CERA's latest near term analysis.
---------------------- Forwarded by Lorna Brennan/ET&S/Enron on 10/27/2000
02:40 PM ---------------------------
[email protected] on 10/26/2000 06:05:45 PM
To: [email protected]
cc:
Subject: Temporary Slack - CERA Alert
**********************************************************************
CERA Alert: Sent Thu, October 26, 2000
**********************************************************************
Title: Temporary Slack
Author: N. American Gas Team
E-Mail Category: Alert
Product Line: North American Gas ,
URL: http://www.cera.com/cfm/track/eprofile.cfm?u=5526&m=1402 ,
Alternative URL:
http://www.cera.com/client/nag/alt/102600_15/nag_alt_102600_15_ab.html
*********************************************************
Warm weather and strong storage injections have temporarily shifted the focus
in the
gas market away from a potential supply shortage this winter toward a growing
sense
that supplies might just prove adequate. The result has been a steady and
steep
decline in the November NYMEX price from $5.63 per MMBtu on October 12 into
the $4.60s as of October 25. Cash prices have followed suit, falling from the
mid-
$5.50s to the $4.60s at the Henry Hub, and gas is now pricing below residual
fuel oil
in the Gulf Coast and especially on the East Coast. Although gas storage
inventories
will begin the winter at levels higher than expected, in CERA,s view adequate
supply for the winter is not yet assured, and the market remains subject to a
quick
return to prices well above $5.00 with the first cold snap.
Storage injections of 71 billion cubic feet (Bcf) for the week ended October
20
accompanied by broad-based and continuing warm weather have driven the shift
in
market psychology. Last week,s injection rate was 26.5 Bcf, or approximately
3.8
Bcf per day, above the previous five-year average for those seven days and 58
Bcf
above the 13 Bcf of injections recorded last year for the week ending October
22.
With warm weather this week and the return of more normal temperatures
expected
next week, CERA now expects storage to reach a maximum level of 2,784 Bcf on
October 31--still an all-time low entering the winter, by 26 Bcf (see Table
1).
Is this inventory level "enough"? Not yet. Storage inventories this winter
under 15-
year normal weather conditions would fall to approximately 780 Bcf, 22 Bcf
above
the previous all-time low. This end-of-March minimum implies total
withdrawals in
the United States this winter of 2.0 trillion cubic feet (Tcf), 128 Bcf above
last year,s
withdrawals. But holding withdrawals this winter down to 2.0 Tcf in the face
of a
return to normal weather--and the demand rebound of 3.0 Bcf per day it would
bring--will be difficult. Although the beginning of a US supply rebound and
growing imports will add approximately 1.0 Bcf per day to supplies this
winter,
holding withdrawals down requires both of the following:
* Industrial markets--mainly ammonia and methanol
producers--that are now shut down because of high gas prices
must remain shut down. These markets represent
approximately 0.5 Bcf per day of demand that could return,
should gas prices moderate relative to ammonia and methanol.
* The nearly 1.5 Bcf per day of switchable load now burning
residual fuel oil must remain off of gas.
In CERA,s view, for gas prices to fall below resid on a sustained basis,
particularly
as power loads increase this winter, it must become apparent that winter
demand can
be met, the current resid load can return to gas, and storage inventories can
be held
reasonably near the previous record low. That low, 758 Bcf, occurred in March
1996
and was accompanied by a February average price of $4.41 and a March average
of
$3.00 at the Henry Hub. That spring, however, US productive capability was
nearly
4.0 Bcf per day greater than it is today, winter power generation demand was
lower,
and there were about 4.5 million fewer residential and commercial gas
customers in
the United States.
Market fundamentals in CERA,s view still support gas prices above those of
resid,
which as of this writing is pricing in the $4.75-$5.00 per MMBtu range. Warm
weather throughout November and into December could reverse this
relationship, but
a warm October alone is insufficient, and any cold weather within the next few
weeks will quickly tighten the slack that has temporarily come into the
market.
CERA,s price outlook for November--an average of $5.50 at the Henry Hub--
stands for now.
**end**
Follow URL for PDF version of this Alert with associated table.
*********************************************************
CERA's Autumn 2000 Roundtable event dates and agendas are now available at
http://www.cera.com/event
*********************************************************
**********************************************************************
Account Changes
To edit your personal account information, including your e-mail
address, etc. go to: http://eprofile.cera.com/cfm/edit/account.cfm
This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www.cera.com/tos.html
Questions/Comments: [email protected]
Copyright 2000. Cambridge Energy Research Associates |
Dear peter,
Bask in the warm sunshine and hospitality of Hawaii at a
savings of 10%, when you book your Hawaiian Airlines
flight on Expedia.com. Fly between the continental U.S.
and Hilo, Honolulu, Kahului, Lanai, Lihue, or Molokai,
Hawaii. Book through December 22 and travel through
April 30, 2001.
http://redir.cq0.net/r/default.asp?R=000004b08000315f8
************************************************************
TRAVEL NEWS
************************************************************
Every week, we bring you the latest fare sales and travel
updates so you can make exactly the right travel choices.
Fly American Airlines to snowy spots and save
Save $25 on American Airlines flights to winter favorites
like Vail, Jackson Hole, Telluride, and more. Book your
flight through December 15 for travel through February 16,
2001.
http://redir.cq0.net/r/default.asp?R=000004b09000315f8
Sunny savings of up to 70% on your hotel room
Treat yourself to a little sun and sand -- and save up to
70%, when you choose an Expedia Special Rate hotel. You,ll
find them everywhere, including warm destinations like
Cancun and Orlando.
Cancun:
http://redir.cq0.net/r/default.asp?R=000004b0a000315f8&GOTO=HotSearch&cityname
=cancun
Orlando:
http://redir.cq0.net/r/default.asp?R=000004b0a000315f8&GOTO=HotSearch&cityname
=ORLANDO
Cruise away, and get up to $200 cash back
Book a cruise on Expedia Cruises through December 28 and
you,ll get a cash rebate of up to $200. Expedia Cruises
also has special rates, and the full scoop on 18 cruise
lines and 113 ships.
http://redir.cq0.net/r/default.asp?R=000004b0b000315f8
See what's new in other places:
http://redir.cq0.net/r/default.asp?R=000004b0c000315f8
************************************************************
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=000004780000315f8&qscr=subs
Check out all your route and fare options with our Flight Wizard.
http://redir.cq0.net/r/default.asp?R=000004b0a000315f8&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=000004b0d000315f8&qscr=fpfl
************************************************************
SPECIAL DEALS
************************************************************
The best offers and promotions at Expedia.com, handpicked
to bring you exciting opportunities and excellent value.
Special Deals
Expedia Special Rate: Treasure Island Las Vegas, $65/night
Thrilling, luxurious Treasure Island is a hotel to remember.
http://redir.cq0.net/r/default.asp?R=000004743000315f8
Travelscape.com: London package from $579
Small price, big vacation. Includes airfare, three nights,
hotel.
http://redir.cq0.net/r/default.asp?R=000004743000315f8
Expedia Cruises: Seven-day Caribbean cruise as low as $449
Ports of call include San Juan, St. Thomas, St. Maarten.
http://redir.cq0.net/r/default.asp?R=000004743000315f8
Away.com: Ski Italy's Cortina d'Ampezzo, as low as $689
Ski the Dolomites! Special pricing January 6)January 27.
http://redir.cq0.net/r/default.asp?R=000004743000315f8
Looking for more great deals on Expedia.com? See our
Special Deals at:
http://redir.cq0.net/r/default.asp?R=000004726000315f8&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=000004715000315f8
************************************************************
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=000004747000315f8&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=00000472a000315f8&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=000004716000315f8
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=00000474b000315f8&qscr=comt&Calr=
(c) 1998, 1999, 2000 Expedia, Inc. All rights reserved
This email was sent to: [email protected] |
----- Forwarded by Richard B Sanders/HOU/ECT on 04/30/2001 06:42 AM -----
[email protected]
04/27/2001 07:51 PM
To: [email protected]
cc:
Subject: NSM Update
Richard,
The only significant deposition this week is taking place in Minneapolis.
The deponent is Arthur Cobb, a disclosure/due diligence expert retained by
Robins, Kaplan in several cases in which Enron is not named. Mr. Cobb's
report did not mention ECT Securities, and the California plaintiffs did not
designate him to testify in the CA cases, so we decided not to attend his
deposition. We are getting daily transcripts by e-mail.
Next week an expert designated by the CA plaintiffs on causation and
damage issues is being deposed in San Francisco. Roland has a scheduling
conflict, so I am sending Jonathan Goldblatt. The subject on which we want to
ask questions is damages relating to certain purchases by Farallon after the
initial offering. This is a very discrete area, easy to understand, and
Jonathan is on top of it.
I believe that you recently received a bill from Gerry McGrath. Gerry
worked very hard on his report, putting in about 50% more hours than he
thought he would when he agreed to cap the total fee for his report. He is
very focused on the requirement in his engagement letter that he be paid in 30
days. I think Gerry did quite a good job, and we definitely need his best
effort going forward. I would urge Enron to pay Gerry's bill very promptly.
Farallon is currently threatening to move to compel further answers to
interrogatories from us. It is much ado about nothing. We just want to deal
with it in the least expensive way.
Many of the plaintiffs have filed motions around the country, including
in CA, seeking to compel Natwest to produce more audio tapes of employee
conversations. My guess is that the plaintiffs have found more good stuff,
and Natwest is trying to limit their losses.
We are hard at work on the research that you and I have been discussing.
It is frankly quite complex and involves several unanswered questions of law.
The problem is that CA has a special statutory contribution provision (pro
rata, not relative fault) in the state securities statutes and a common law
doctrine of partial indemnity in tort actions that is based on relative fault.
The later doctrine may not apply to the securities causes of action against
ECT Securities, but definitely applies to the common law fraud and negligent
misrepresentation causes of action. How all of this works together is
virtually uncharted.
With reference to your question about procedures at trial, none of the
defendants has cross-complained against the other defendants for a
determination of relative fault in the pending case; and, on the basis of the
current pleadings, no such determination will be made at trial. If Enron goes
to trial and loses, along with others, theoretically the plaintiffs could
collect their entire judgment from Enron and leave Enron to pursue the other
defendants, post-trial, for their respective shares of the liability, whether
such shares are determined pro rata or by relative fault. We are working on a
memorandum or outline that will lay all of this out for you. I think you will
find that Enron has some powerful incentives to settle (assuming that we can
get the price low enough.)
Steve Howard
Alschuler Grossman Stein & Kahan LLP
phone: 310-407-7613
fax: 310-552-6077
cell: 213-716-0536
e-mail: [email protected]
................................................
ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com
2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077
This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
the intended recipient, or the employee or agent
responsible for delivering the message to the
intended recipient, you are hereby notified that
any dissemination, distribution or copying of
this communication is strictly prohibited.
If you have received this communication
in error, please notify us immediately
via e-mail at [email protected] or
by telephone at 310-277-1226. Thank you.
............................................... |
I would appreciate your thoughts on the legal implications of netting.
Thanks!!
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 10/23/2000 03:19
PM ---------------------------
From: Tanya Rohauer
10/23/2000 03:26 PM
To: Nancy Haralson/NA/Enron@ENRON
cc: Debbie R Brackett/HOU/ECT@ECT, Rebecca Ford/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT
Subject: EGM Bank Account info
Nancy,
When did you leave EBS?
When you have a few minutes, I'd like to discuss how we are breaking out
internal business groups activity. Specifically, my concern is with using
separate bank accounts for different commodities that are settled financially
within Enron North America Corp (legal entity). We met with the financial
settlements group today to discuss credit issues surrounding settlements, and
this emerged as one of the more important issues.
As you may be aware, the ISDA document calls for all payments that are due on
the same day to be netted together. If we use separate bank accounts, this
cannot happen. There are two credit issues with not adhering to this: 1) if
we send payment to a cp for one commodity but do not receive the payment that
may be owed to us for another commodity, we have lost the ability to net
those payments, and will be at risk for the outgoing amount, and 2) in a
default situation, our position on close-out netting may be compromised if we
have not been netting in practice.
I am not sure how often this occurs in reality due to different settlement
dates for different products. I also need to speak to Mark Taylor to
determine the likelihood of our legal position in court being compromised.
Can you help me to understand why we need to have different bank accounts?
I understand that for internal reporting purposes, we need to use different
ledger accounts, but I would not think we would need to extend this to the
physical movement of cash.
Thanks for your help,
Tanya
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 10/23/2000 03:05
PM ---------------------------
Rebecca Ford
10/23/2000 03:02 PM
To: Debbie R Brackett/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Bob
Bowen/HOU/ECT@ECT
cc:
Subject: EGM Bank Account info
Just FYI -
The note below indicates that all of the weather transactions that are
settling out of 0364 will now be settling out of 0460, thus using the new
bank account that has been set up for 0460.
Thank you,
Becky
---------------------- Forwarded by Rebecca Ford/HOU/ECT on 10/23/2000 02:59
PM ---------------------------
From: Scott Tackett@ENRON on 10/23/2000 02:19 PM
To: Rebecca Ford/HOU/ECT@ECT
cc:
Subject: EGM Bank Account info
Here are the accounting changes I received from Nancy for the migration of
the Weather group over to EGM.
Do you think it is possible for us to have all the changes made (in UNIFY,
GCP, etc...) so we are ready by the end of the first week in November?
---------------------- Forwarded by Scott Tackett/Corp/Enron on 10/23/2000
02:08 PM ---------------------------
Nancy Haralson
10/23/2000 02:06 PM
To: Scott Tackett/Corp/Enron@Enron, Laurel Adams/HOU/ECT@ECT,
[email protected]
cc: [email protected], [email protected], [email protected]
Subject: EGM Bank Account info
Scott/Laurel/Julia,
The cash services company for EGM is 1021. The following bank accounts
currently exist:
GL Acct Description Account # Routing
12805077 GP Cash Svc CIDE 38616564 031100209
12805078 GP Cash Svc CINY 30420778 021000089
12805079 GP Cash Svc BATX 3751443308 111000012
All cash that is received and paid from ENA's cash services account related
to EGM will need to be redirected to the applicable account above and
coordinated with the any Global Counterparty changes as well.
There is also a BATX account on co 460. The information is as follows:
GL Acct Description Account # Routing
12805051 ECT IES BATX Bank Acct 375143337 111000012
Receipts for EGM that went directly to co 364 should be redirected to co 460.
Laurel also mentioned a Japanese Yen acct, a EURO acct, and Sterling acct
that exist on co 530 that will be transferred to EGM (co 1Y2?) EGM will also
require a CAD account to be set up (co 1Y2?)
Thanks Nancy
---------------------- Forwarded by Nancy Haralson/NA/Enron on 10/23/2000
10:43 AM ---------------------------
Nancy Haralson
10/20/2000 05:18 PM
To: Scott Tackett/Corp/Enron@Enron, Laurel Adams/HOU/ECT@ECT
cc: Angeles Beltri/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT
Subject: EGM settlements
In order to segregate EGM's business activity, it will be necessary to record
transactions related to EGM's business unit on entities within its own
reporting rollup. Currently, there is EGM settlement activity being booked
to the following companies that are outside EGM's rollup:
Co 364 - Weather Trading,Emissions
Co 54N - Emissions Trading
Co 967 - Weather Trading, Emissions Trading, Agricultural Trading, Interest
rate, FX
Going forward (effective November), monthly activity on Co 364 related to EGM
will be recorded on co 460, Co 54N on Co 460, and Co 967 on Co 1Y2. In order
to make this a smooth transition, but still make the change in an timely
fashion, please give me your feedback on this as soon as possible. Please
let me know your issues concerning A/R, A/P, Cash, Global Counterparty and
any other areas I may be leaving out. I'll contact you on Monday to discuss
further and see if this is feasible.
It is also our intent to move ytd September balances related to EGM's
business to entities with in our own rollup. This will probably be done at
the CS/Hyperion level. Since there are October transactions already
recorded, we will probably make a general ledger reclass for October income
statement activity to EGM's rollup. Please let me know if you have issues
with this as well.
Thanks!
Nancy |
I don't think she's in. You might want to leave her a voice mail.
From: Carlos Sole on 04/16/2001 11:08 AM
To: Sheila Tweed/HOU/ECT@ECT
cc: [email protected]
Subject: Delta - ENA Consent Jurisdiction Issue
Sheila, in connection with the Delta turbine sale, we have one pending issue
with respect to the jursidiction clause that would have us consent to either
NY state or federal court (you had revised the document to only have NY
federal courts apply, but the Lenders have responded that they need the state
court reference in the event that the federal courts will not take the
case). Attached is the redline to show how the clause has been revised to
eliminate the waiver of forum non-conveniens and how the jurisidiction will
only apply to the consent agreement, but I'd like your approval to accept NY
state court as well. In the alternative, Lender's counsel has commented that
in another Enron transaction they were involved with, they accepted Delaware
state and federal courts. Also, please note that the opinion letter is no
longer required. Thanks in advance:
Jurisdiction and Process
5.8 ENA AGREES THAT ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING
TO THIS CONSENT AND AGREEMENT OR ANY OTHER DOCUMENT EXECUTED IN CONNECTION
HEREWITH, OR ANY LEGAL ACTION OR PROCEEDING TO EXECUTE OR OTHERWISE ENFORCE
ANY JUDGMENT OBTAINED AGAINST ENA, FOR BREACH HEREOF, OR AGAINST ANY OF ITS
PROPERTIES, MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR THE
UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK BY THE
COLLATERAL AGENT OR ON BEHALF OF THE COLLATERAL AGENT, AS THE COLLATERAL
AGENT MAY ELECT, AND ENA HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO
THE NON-EXCLUSIVE JURISDICTION OF SUCH COURTS FOR PURPOSES OF ANY SUCH LEGAL
ACTION OR PROCEEDING. ENA HEREBY AGREES THAT SERVICE OF PROCESS IN ANY SUCH
PROCEEDING MAY BE EFFECTED BY MAILING A COPY THEREOF BY REGISTERED OR
CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID,
TO IT AT ITS ADDRESS SPECIFIED BELOW ITS NAME ON THE SIGNATURE PAGES HEREOF
OR AT SUCH OTHER ADDRESS OF WHICH EACH NOTEHOLDER SHALL HAVE BEEN NOTIFIED
THERETO. IN ADDITION ENA HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE
LAYING OF THE VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS CONSENT AND AGREEMENT OR ANY OTHER DOCUMENT EXECUTED IN
CONNECTION HEREWITH BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR THE
UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, AND ANY
CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH A COURT
HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.
Carlos Sole'
Senior Counsel
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002-7361
(713) 345-8191 (phone)
713 646-3393 (fax)
----- Forwarded by Carlos Sole/NA/Enron on 04/16/2001 10:56 AM -----
"Campbell, Carolyn" <[email protected]>
04/16/2001 09:49 AM
To: "'[email protected]'" <[email protected]>
cc:
Subject: FW: Pegasus - ENA Consent
Carlos:
The only two changes we requested to the ENA Consent that Isabel Parker did
not make were as follows:
1. Section 2.1(f) - no deletion of "best" from knowledge; and
2. Section 5.8 - no deletion of NY "state court" jurisdiction.
I have not spoken to Isabel about these last items, so I don't know if they
were inadvertent or intentional, although my e-mail to her was fairly
specific about Enron accepting federal court jurisdiction in NY but not NY
state court. Note that it is rather unusual to object to NY state court
when federal courts in NY are considered acceptable. Please review and let
me know. Thanks.
Carolyn M. Campbell
King?& Spalding
713-276-7307 (phone)
713-751-3280 (fax)
[email protected] <mailto:[email protected]>
-----Original Message-----
From: PARKER, Isabel [mailto:[email protected]]
Sent: Monday, April 16, 2001 8:47 AM
To: Carolyn Campbell (E-mail)
Cc: John Tisdale (E-mail); Jack Wallace (E-mail); O'BRIEN, Lisa; VAN
DUSEN, Nicholas
Subject: Pegasus - ENA Consent
This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status. Please notify
us immediately by reply e-mail and then delete this message from your
system. Please do not copy it or use it for any purposes, or disclose its
contents to any other person: to do so could be a breach of confidence.
Thank you for your co-operation. Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email [email protected]
if you need assistance.
I attach a clean and blacklined copy of the ENA Consent, showing the changes
from the version last circulated.
This should now be in final form. Please let me know if you have any
further comments.
Kind regards
Isabel
Confidentiality Notice
This message is being sent by or on behalf of a lawyer. It is intended
exclusively for the individual or entity to which it is addressed. This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure. If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it. If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.
- COMPARE001.DOC
- NY003699617.DOC |
Sarah
Well written. I enjoyed reading the document.
A few comments:
1) I would stress the importance of demand response as a key success factor for the implementaion of wholesale markets. RTO participants discussed this topic and shared this view as well. You included some elements of this topic under the title "An Installed capacity requirement is not necessary" . It does fit under this title, but I think it is more than that. Perhaps a separate item. A few possible additional points:
a) Demand response has been very limited so far, because customers have been under a regulatory shield:
b) A few attempts to make load "see" correct prices have been very encouraging. There is still a long way to go, though.
c) There has to be serious regulatory efforts and flexible market rules to expose demand to wholesale prices (e.g. DSB)
d) Wholesale market will benefit in multiple ways, such as: (i) increased chances for the market to clear at all times (ii) mitigate price spikes - and as a consequence the need for caps; (iii) proxy for reserves
e) It will take some time to get demand response. In the meantime, some interim measures may be necessary, such as the one we proposed in lieu of capacity payments (your footnote 11 to achieve a certain reserve adequacy level).
f) Even for this interim period, we do not support caps. By not having caps, the rationale for capacity payment disappears. FERC will deal with market power, if any, on an ad-hoc basism, by not allowing market based rates, instead of caps. This is the approach MISO has been taking and we agreed with it.
2) What about including the text "A well designed RTO" as an attachment? - the one recently prepared by Janel.
3) Hydro - I agree with your point that LMP may work in a hydro based system. The only difficulty is when you have multiple ownership in the same cascade. In that case, plants are not free to bid - there has to be a central coordination function on the river flow and reservoir management. The "marginal" price for the hydro does not come from a bidding process, but it is the shadow price of an optimization program. This very same price could be the basis for the LMP. Not a big deal. Hydro plants do not like LMP because, in general, they are far away from consumer centers and LMP with technical losses penalizes them a lot. We should stick to our point that LMP should be used across all RTOs.
4) Still on LMP on the northwest - (page 10, second paragraph). I agree that some idiosyncrasies of the hydro system have to be worked out. For example, generation to accomodate the flow of the river minimum (or maximum) requirements. However, I would not call this "allowing bilateral contracts". I would call it accomodate "must run" requirements caused by operational inflexibilities. (for example, if a run of river plant decides to be merchant, it still should have the right to declare itself inflexible and therefore run)
5) Still on LMP for hydro. I am assuming that the problem of multiple ownership in the cascade does not exist in the Northwest RTO. Steve Walton to confirm. Otherwise the solution is not so simple as the one described in the second paragraph on page 10. I think David suggested to use the NY example (I am not familiar with)
6) Capacity Payment - Page 12 - last paragraph. "Finally, any such program should not tie a capacity payment to a specitc generator (as a physical product)". I know what you meant, but it may lead to dubious interpretations. It may convey the idea that players are not allowed to contract to avoid spike price exposures. If we were able to get property rights on reliability issues, the capacity fee discussion wouuld be a no-brainer. I would eliminate the sentence.
7) Capacity Payment - Page 12 - last paragraph - our white paper on capacity (footnote 11) does not clearly say that the RTO should the purchasing agent during the interim period. It may be the case (provider of last resource), but we did not go that far in detailing the interim solution. What we can certainly say is that in the interim period the RTO should be responsible for system adequacy - plan reserves and make sure they are implemented across all Control Areas (as opposed to having each one of them working independently)
Sorry for the long e-mail. I hope it helps.
LM
-----Original Message-----
From: Novosel, Sarah
Sent: Tuesday, November 20, 2001 12:50 PM
To: Shapiro, Richard; Steffes, James D.; Robertson, Linda; Nord, Sue; Landwehr, Susan M.; Walton, Steve; Perrino, Dave; Comnes, Alan; Lindberg, Susan; Maurer, Luiz; Fromer, Howard; Hoatson, Tom; Allegretti, Daniel; Staines, Dan; Yeung, Charles; Shelk, John; Rodriquez, Andy
Cc: Nicolay, Christi L.
Subject: RTO Comments
Attached are draft RTO comments. The comments reflect EPMI's views on RTO development, given the Commission's apparent recent changes in position on the number of RTOs to be created. We urge Right Sized RTOs without choosing a number.
The comments reflect input from Christi, Dave Perrino, Steve Walton, Mike Roan, Andy and Charles. Please review the sections where you have had input to make sure we adequately reflected your points, but please also review the entire document and let us know your thoughts.
I'm still filling in cites and Bernadette will be working on the formatting, but the document is hopefully in pretty good shape. There is no filing deadline for these comments, but we would like to submit them on Monday if possible. It shouldn't take more than an hour to review. In sending your comments, please "Reply to All" so everyone receives your comments.
Thanks for everyone's help.
Susan: we should also have Kevin review the comments
Alan: Tim should probably review the comments as well, but check with Dave and Steve to see if the "LMP in the West" argument is correct before you show him the comments.
Sarah
<< File: Comments on RTO Week -- Revised.doc >> |
Ken\Rosalie,
I will find out the timing of this event. Thank you for your consideration.
Kevin
Kenneth Lay@ENRON
Sent by: Rosalee Fleming@ENRON
12/11/00 02:39 PM
To: Kevin Hannon/Enron Communications@ENRON COMMUNICATIONS
cc: Sherri Sera/Corp/Enron@ENRON, Carol Ann Brown/Enron Communications@Enron
Communications
Subject: Re: Cornell
Ken wanted me to let you know that he has something in Austin the night
before and wanted to find out what time the event in Cornell begins.
Rosie
Kevin Hannon@ENRON COMMUNICATIONS on 11/29/2000 08:51:27 AM
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON
cc: Rosalee Fleming/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Carol Ann
Brown/Enron Communications@Enron Communications
Subject: Cornell
Ken and Jeff,
As I think you both know I have been active in recruiting at Cornell for the
Enron Associate program for several years now. I also recently have become
involved with something called the Park Leadership Fellowship Board which
provides scholarships and forums to discuss business leadership issues. They
are holding a pretty prominent event called Leadership week which will
include the business heads of Corning and American Express discussing their
company's strategies for defining leadership in business today. I hate to
ask you guys to do things like this but it is a pretty big event and would
really highlight Enron's recognition of Cornell as being a "Core School" in
the MBA recruiting process. The event as outlined below is scheduled for
March 28th. I appreciate your consideration.
Kevin
----- Forwarded by Kevin Hannon/Enron Communications on 11/29/00 08:38 AM
-----
[email protected]
11/29/00 06:19 AM
To: Kevin Hannon/Enron Communications@Enron Communications
cc:
Subject:
Kevin-
Just a quick follow-up on my November 2 email regarding Enron's
participation in the Johnson School's March Leadership Week and the
possibility of doing a case study on Enron. Wondered if you have had a
chance to float these ideas with Jeff or Ken? I know you have lots on
you plate. Let me know if you have any sense of how this might go.
Below is the earlier email I sent to you. Thanks for the help. Hope all
is well with you.
Nov.2 email text
We at Cornell's Johnson School would like to establish a stronger link
with Enron, a company which we believe to be a leading example of the
agile organization which will dominate in the dynamic, unpredictable
markets of the next decade. One connecting point which we would like
Enron to consider is with our Center for Leadership in Dynamic
Organizations which draws faculty and students from across Cornell and
beyond.
The specific activities that we propose at this point in time are two.
First, we would like to invite a senior leader from Enron to be a key
speaker at the Johnson School's Leadership Week in March, 2001. As
described in the attached materials, Leadership Week is made up of three
conferences focused on academic faculty, leading-edge corporations and
students. We very much would like Enron to present what we call a "live
case study" at the corporate conference on <underline>March 28,
2001</underline>.
You, of course, are an obvious candidate to do this. Alternatively, this
is the kind of event that is made to order for Jeff Skilling or Ken Lay
and would give them a chance to interact with other corporate leaders and
the Cornell community. Other corporate leaders we have signed up for the
corporate conference are John Loose, President and COO of Corning, Ken
Chenault, incoming CEO of American Express, Marty Coyne, just announced
President of Kodak's new Commercial Group. Each of these leaders has a
distinct message to deliver about the leadership challenges involved in
continually reinventing themselves in a fast-changing marketplace.
We have several other speakers lined up for other parts of Leadership
Week, including Ken Blanchard and, we think, Abbey Cohen from Goldman
Sachs. We have some chance of getting Bill Ford from Ford Motor Company
and an outside shot at Jack Welch through our President Emeritus Frank
Rhodes, but these are still long shots.
The point is that this is the biggest thing that will happen at the
Johnson School and probably at Cornell next year. If Jeff or Ken wanted
a platform for telling the Enron story, this would be a good one. If
they can't do it, hopefully we could convince you to do it. Again, the
date is March 28, 2001.
The second proposal is to develop a teaching case on Enron along the same
lines. In fact, if we started working on the teaching case soon, it
could become the basis for the March conference live case study
presentation. We believe that Enron is unique in its ability to
literally create new markets. The question is how do you lead and manage
an organization to keep the tight financial and risk controls in place
that you do, but still create the entrepreneurial behavior that seems to
be the case at Enron. What kind of management philosophies, systems and
practices make this possible.
I know that Enron was the subject of two Harvard cases in 1993 and around
1997. As I understand it neither focused on organizational and
leadership issues. We would like to devote a small research team to
building this case about Enron, directed by myself and Professor Lee Dyer
from the ILR School. We would need access to a number of people in the
Enron organization, but are very aware of the demands on time for fast
moving organizations and are committed to doing this in a very efficient
way.
Kevin, we appreciate your willingness to entertain these two ideas and
hopefully test them with your top leaders. We will do anything we can to
make it feasible for Enron to engage with us on these two initiatives.
Please let me know what I can do to help you carry this forward. As
always, thanks for your great personal support.
Dick |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/23/2000
06:33 PM ---------------------------
Traci Warner@ENRON COMMUNICATIONS on 05/23/2000 04:07:11 PM
To: [email protected]
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Enron Broadband Services
Dear Sheridan,
Thank you for taking time to speak with Brad Nebergall, Vince Kaminski and
myself regarding distance learning for the University of Texas Energy and
Finance program. We enjoyed speaking with you regarding your plans for
taking the classroom to the web and feel that there are numerous
opportunities for Enron and UT to work together on this venture.
As you requested, I am sending you additional information on the services
that can be provided by Enron Broadband Services (EBS). EBS offers two
distinct product offerings that could be provided to UT students.
1) EBS offers our customers a full spectrum of bandwidth services. This
includes dark fiber, OCX-lambdas, DS3 and above circuits, and bandwidth
management solutions. Our focus is to help the enterprise customer add value
and flexibility to their bandwidth service needs with features such as
bandwidth "on demand". EBS owns over 18,000 miles of fiber optic cable that
provides EBS with an extensive network in the USA and Canada.
2) Enron offers a full turn-key streaming media service called e PowerTM
MediaCast. This service can involve the entire management of the entire
process from filming through encoding, hosting and streaming or to supply the
specific services that a client could need. Each client would access their
client's media through an URL embedded on the appropriate client
website(s). The content can streamed live or stored to be played
on-demand. EBS can deliver the streams at bit rates from 20kbps to 1Mbps or
higher. There are no additional resources (hardware, software or human)
required by a client to use our product.
Our current customers has found the superior quality of e PowerTM
MediaCast.has improved their ability to deliver a clear corporate philosophy
and increase their customer retention. The e PowerTM MediaCast Network has
a distributed server architecture supported by a private global fiber and
satellite network (a pure Internet Protocol strategy) with embedded software
intelligence that sets it apart from other network providers. The EBS e power
TM private network has dedicated servers in over 200 cities in the USA and
Canada. After the service is initiated, each client can access to reporting
of the viewership statistics for your content on the EBS Intranet Site
(www.epoweronline.com) that is updated on a daily basis. Each client is
provided with a User ID and Password. EBS guarantees their customers a
superior quality of service level.
Our customers have found three major benefits. First, Enron stores our
clients' content on our servers which reduces the strain on clients' central
servers and Website. Second, Enron constantly monitors its clients' sites
and updates its servers regularly to keep the data fresh. Finally, Enron
sharply cuts the time it takes a viewer to receive our clients' content by
delivering the media across Enron's private network and with the use of
software (bandwidth operating system) that decides within milliseconds which
Enron server can deliver the fastest. To do that Enron servers, which
deliver our customer,s content, are located in over 200 cities in the US and
Canada. This places your content close to the end user (typically, "one-hop"
away), and allows up to 500,000 simultaneous viewers at any time. This
enables high quality, rich media to be streamed without delay and congestion
to an end user's desktop. In fact, Enron recently announced plans to install
18,000 of our media servers (Compaq and Sun) into our global Data Centers
over a three year time period to extend our service domestically and
internationally.
We offer two internet sites to browse that demonstrates the true TV-like
experience of the e PowerTM MediaCastexperience.
1) http://www.enron.net/mediacast
a) User name and login ID are both - epower4.
2) http://www.enron.net/finance/srv_demo/enron/ms1250.html
a) Once you are at this page called Today's Feature - click on the ACME TV
and chose one of the channels
b) Chose the speed of your video player (either REAL or WindowsMedia Player)
c) Hit the play arrow button on the "Screen" that pops
Finally, I estimate the cost per student to stream the course would be
approximately $75.00. Please remember this price is for the streaming only,
and is priced on a per MB delivered basis. In addition, there will be a flat
monthly charge to administer the program. Production and encoding can be
provided at an additional cost. Therefore, if the stream rates in my
assumptions listed below change, our pricing will change slightly. As you
will see the cost for the streaming would be a minimal and would not prohibit
the students from taking the course on-line. I apologize that we do not have
any example distance learning clips that we are able to share with you at
this time. However, I would be happy to demonstrate our capabilities to you
on your desktop, if you are interested.
I look forward to discussing with you in greater detail how either of these
services could be used to expand the reach of the University and its course
offerings. I will contact your office at the beginning of next week to
continue this discussion. If you would like to contact me prior to next
week, please do not hesitate to call me at 713 853-3242.
Sincerely,
Traci Warner
Director, Central Region Origination
Enron Broadband Services
Phone (713) 853-3242
Cell (713) 705-7201
Price Quote Assumptions:
100 Students enrolled
30 hours of course work per semester
Encode at 4 rates - 28K, 56K, 100K, 300K
# of students per viewing rate:
15% at 28K
40% at 56K
25% at 100K
20% at 300K |
While I appreciate the virtue of flying below the radar if possible, the
matter here is complicated by the fact that FERC's discovery rules (18 CFR,
Subpart D) pertain only to "proceedings set for hearing . . . and to such
proceedings as the Commission may order." 18 CFR 385.401. In this case,
FERC stated that "a trial-type hearing is not necessary . . . ." and
specifically rejected the use of a "trial-type evidentiary hearing." Slip
op. at 47-48 & n.97. Thus, while I have not researched the matter as yet, my
preliminary view is that the CPUC's attempt to invoke FERC's discovery
processes would appear to be outside the contemplation of FERC's Nov. 1 order
and its regulations, unless FERC specifically orders discovery in this case.
(The CPUC seems to recognize the relevance of this consideration when it
specifically attempts to equate "paper" hearings with "trial-type" hearings;
see page 1 of its Motion.)
The CPUC's motion may prompt FERC to decide whether or not to allow discovery
in this case under Rule 401. While the CPUC's motion does not apply directly
to marketers, FERC's ruling will be precedent in the event the CPUC or
someone else hereafter serves discovery on other parties. As a result, we
need to consider whether laying in the weeds risks losing an opportunity to
present our views on whether FERC should allow discovery in a paper hearing
with an expedited decisional track, particularly in light of the fact that
Staff has already conducted.
>>> Jeffrey Watkiss 11/08/00 10:31AM >>>
Does anyone have an idea as to why marketers, including EPMI, are not
included in the list of subject companies: Exh. B? Since EPMI is not a
subject of the motion, why should it answer? Lying in the weeds may be a
more prudent course of action.
>>> "Fergus, Gary S." <[email protected]> 11/07/00 10:08PM >>>
I just spoke with Mary to make sure we have the same information. Here are
the facts we have so far. On November 4th, the CPUC filed a motion with
FERC to adopt the form of protective order that the CPUC entered, to compel
the production of documents and to shorten time to answer. According to
Exhibit B (read to me by Nancy Pickover at Bracewell) the following CPUC
moved against the following entities: AES, Williams, Duke, Dynegy, Reliant
and Southern. Enron entities were NOT named in exhibit B. This is not to
say that we could not be easily added to the group. While the motion reads
as if the CPUC was moving against everybody, in fact, in footnote 2 they
state they are only moving against the entities named in Exhibit B. We will
have Exhibit B in hand first thing tomorrow via FEDEX to confirm this. To
repeat, Enron is not named yet.
Thanks
Gary
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, November 07, 2000 6:23 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]
Cc: [email protected]; [email protected]
Subject: Important - CPUC Motion - Confidential Attorney Client
Privilege and Work Product
As you may already know, the CPUC filed a motion at FERC asking for a
protective order and to compel production of the information they subpoened
from us in the CPUC's OII case. Given the timing, we should discuss this
on our conference call scheduled for tomorrow.
They request that we be required:
to answer their motion on Thursday,
to provide the information within 5 working days of a FERC ordering
production, and
to provide of P&L information and spread sheets detailing our deals,
specifically delivery point, delivery date, counterparty, volume and
price.
We may not have a problem providing this information for use by FERC in its
proceeding subject to a confidentiality agreement but I think we would
oppose their requests for:
the information to be provided for "government eyes only" - this would
prohibit EPMI from defending itself vis-a-vis other market participants.
a FERC confidentiality order that would could allow FERC to "share" this
information with the CPUC (for purposes of the PUC's OII proceeding)
pursuant to 16 U.S.C. 824h(c). 16 USC 824g(c) requires the Commission
to make information available to state commissions as may be of
assistance in state regulation of public utilities. We should argue
that 16 USC 824h(c) does not apply here given that we are not a public
utility nor does the PUC regulate how much market power wholesale
marketers exercise or the level of market power mitigation (these are
the bases the PUC provides for explaining why it should have this
information.)
the above contractual information to allow them to analyze the
competitiveness of the forward market to evaluate the wisdom of the
Commission's decision to allow the UDC's "unfettered access" to the
forwards market. This argument is unpersuasive given that the CPUC can
get information about the competitiveness of the forward markets from
the Wall Street Journal's listing of NYMEX prices.
=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.
To reply to our email administrator directly, send an email to
[email protected]
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com |
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 |
-----Original Message-----
From: Nicolay, Christi L.
Sent: Monday, October 22, 2001 11:59 AM
To: Kitchen, Louise; Dietrich, Janet; Delainey, David; SMITH, Douglas; Lavorato, John; Black, Don; Forster, David; Duran, W. David; Belden, Tim; Calger, Christopher F.; Foster, Chris H.; Black, Tamara Jae; Aucoin, Berney C. ; Furrow, Dale; Meyn, Jim; Harvey, Claudette; Presto, Kevin M.; Jacoby, Ben
Subject: FW: RTO week--State Commissioners
FYI.
TJ and Claudette -- please send to your groups.
Thanks
-----Original Message-----
From: Landwehr, Susan M.
Sent: Thursday, October 18, 2001 6:19 PM
Thursday Morning session----Meeting with State Commissioners
This session was generally known to be the occasion for state commissioners to vent their frustrations at FERC taking action without including them in the decision making process. Although the panel notice showed that 5 state commissioners would attend, upon arriving in the hearing room we found that 27 state commissioners were there and ready to claim their 15 minutes of fame. It was a long morning! I will include comments or highlights from some of the commissioners below as well as some general thoughts.
Approximately 35 to 40% of the commenters were supportive of FERC and urged them to keep moving forward with their efforts. Most of these comments came from the Midwest and were somewhat muted or rational in their support. Everyone else was fairly verbal against FERC, primarily citing that fact that they had been left out of the process, that FERC was moving too quickly, and there was no evidence that there was a benefit to their citizens. In particular, the commissioners from Maryland and North Carolina delivered highly charged rhetoric. While many would think that the session was extremely negative (our friend Sarah Novosel thought it was disgusting!) in my mind it was similiar to a legislative hearing--allowing alot of whining and then addressing the main themes of discontent such as performing a cost benefit analysis.
Here's some individual comments:
Catherine Riley/Maryland---she started out talking about the fact that she had taken a solemn oath to uphold the constitution when she joined the MAryland commission and immediately implied that FERC was not as diligent or honest as she was in upholding the values of protecting citizens (she was way overboard in the dramatics department). She then stated that she was not at the meeting to "help you (FERC) backfill your woefully inadequate evidentiary record". It went on like this for about 15 minutes. The good part is that she was so personally negative, that her comments will not only be discounted but may be used against her.
Sam Ervin/NOrth Carolina---he was also very negative and he does not believe that there are any benefits to his citizens, that customer choice is never coming to his state, so he will never benefit from an RTO, that his current statutes do not allow any transfer of transmission to an RTO (and I bet if they do, he'll work to change the statutes!) and that the bulk of state commissions are not supportive of FERC. His comments were also pretty brutal, but sugar coated just a bit with southern humor.
Arnetta McRae/Delware---she kept on saying "show me" where the benefits for consumers are. She also repeatedly talked about how short of a time frame they had to respond to the order.
Rory McMinn/New Mexico---repeatedly talked about how the west was different, how he is not convinced that there is a benefit to his consumers, how the FERC commissioners needed to come out west to see how different they were.
Carl Wood/California--tried to portray himself and California as representing the west as a whole, and even brought along a statement from the Washington commission echoeing his comments. He delivered the same messages that we've been hearing forever---FERC should have acted sooner on price caps, etc etc.
Glen Thomas/Pennsylvania---he was the first positive commenter and talked about how his state has taken great strides to bring it's energy system into the new century...that by opening it's markets they have had an explosion in green power, they have reduced costs all across the state, etc. He was very supportive of PJM (makes sense because it's in his back yard) and stated that for any RTO to be effective it must have independent governance.
Judy Jones/Ohio---was very parochial in her discussion, but echoed Don Svanda's comments from earlier in the week that one RTO for the midwest was necessary and encouraged the FERC to make a decision and get on with it so that regulatory uncertainty would be removed.
Ed GArvey/Minnesota---he got the gold star for the day. After very very lengthly comments from about 15 commissioners, he took about 1 minute and said "FERC--just get it done"....in essence telling them to go ahead with what they are doing and move forward.
Other Commissioners who talked were: Arthur/Connecticut, Hadley/Indiana, Huelsman/Kentucky, Nugent/ Maine all on the positive side. Other negative commentors were two guys from DC and Jim Irvin from Arizona who had a rambling conversation that never really pinpointed what he wanted to do.
From the FERC commissioner standpoint, the gold star went to Massey. After hearing over and over again about how the commisioners didn't feel that they had been included and that FERC had not consulted them enough, he stated that he was going to express his frustration right back, saying the "there has been 7 years of process, and he wants a process that comes to an end....you've been talking for 7 years and never could agree..."
Call me if I can provide any further insights into the individual comments or the tenor of the meeting. Sue. #612-339-4599 |
Hi, Tebby:
I'm at home, preparing to be snowed in. Went to Crystal Springs this morning
and left around 12:45; stopped in at Depot Square ofc. but didn't stay long.
Picked up two pieces of reduced pizza at 12 Pine (did I tell you the owners
sold it to someone from NY?), bought a few items at Maggie's, and then drove
home. Peterborough was almost deserted because of the impending storm.
Lorraine called me at the Depot Square office to say that work had been
called off for tomorrow so I don't even have to think about trying to get
plowed/snow-blowed(?) out until Wednesday. It has been snowing steadily for
most of the day but not huge accumulation yet--few inches. But, predictions
are for continual snowfall and strong winds tonight. I've filled some large
containers with water, have brought firewood in and even put some in
basement, although I really should get more before it gets dark as I'm not
sure this will last until Wednesday. But I can always shovel my way to the
woodpile, which is dwindling faster than I expected. Still have plenty to get
me through the season.
I feel very secure and able to deal with any emergencies/inconveniences that
might arise like power outage, etc. It will be interesting to see how the
house handles the winds now that my wind-break to northwest has been reduced
quite a bit. The positive side to having had so many trees cut down
surrounding the place is that I might not be as vulnerable to falling timber!
Both cats are in, of course, sleeping through it all. I doubt that even
Dancer will want to get out in this tonight--not that I'd let him. Looks like
Clare may have gone to Mass. so she won't have to travel in bad weather. Keep
hearing references to the Blizzard of '78. I was in New Ipswich during that
one, but N.H. faired quite well compared to other places like Connecticut,
where people lost power for weeks, I believe. Can't recall what happened here
but it must not have been too bad.
I'm forwarding some info. about SDE/CSB that bodes well for employees. I'm
not able to take advantage of any of this right now, but after a year (next
Oct.), I should qualify for participating in their retirement program.
Highlights is a good company to be associated with.
One other thing I keep forgetting to ask about is the money I received from
you in 2000. How do I handle that? As earnings that will be taxed?
Have had CNN on since I got home and have been listening to reports about
Cheney's heart concerns and the shooting at high school in Santee, CA, where
2 people were killed and 13 wounded. A ninth grader, who I believe is in
custody, did the shooting. Will this ever stop? I feel more pangs of
uneasiness listening to news of that kind while being by myself than I do
facing a winter storm alone.
Let me know when late Valentine arrives. You might want to keep it in your
office. I bought one for me, too, and have it at CSB. That's all I'll say as
I don't want to give away the surprise. Again, it isn't anything big or
serious--just some fun.
Better throw a few more logs into the stove. Lines may be tied up tonight so
we may not be able to talk. If not, sleep well and have pleasant dreams.
Love,
Sandy
Return-Path: <[email protected]>
Received: from rly-xb05.mx.aol.com (rly-xb05.mail.aol.com [172.20.105.106]) by air-xb03.mail.aol.com (v77_r1.21) with ESMTP; Mon, 05 Mar 2001 11:22:19 -0500
Received: from exchange-nh.sde-nh (064-031-070-099.inaddr.vitts.com [64.31.70.99]) by rly-xb05.mx.aol.com (v77_r1.21) with ESMTP; Mon, 05 Mar 2001 11:22:06 -0500
Received: by EXCHANGE-NH with Internet Mail Service (5.5.2650.21) id <FH9QV71Y>; Mon, 5 Mar 2001 11:36:47 -0500
Message-ID: <A7540DC6CB30D4119DD600E018C31654194A85@EXCHANGE-NH>
From: "Taylor, Sandy" <[email protected]>
To: "'[email protected]'" <[email protected]>
Subject: FW: Some really good news
Date: Mon, 5 Mar 2001 11:36:41 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: text/plain; charset="iso-8859-1"
Forward to Teb and copy for files.
> -----Original Message-----
> From: Hall, Jen
> Sent: Friday, March 02, 2001 3:40 PM
> To: Everyone
> Subject: Some really good news
>
> Hi Everybody - Per Garry Myers at Highlights for Children, I'm pleased to
> announce three important pieces of information. First, the Board of
> Directors has approved a Discretionary Profit Sharing contribution of 7%
> for the fiscal year ending February 28, 2001. Employees who are active as
> of February 28, 2001, at least 21 years of age, have been employed at
> least one year and have worked at least 1000 hours in the fiscal year will
> receive this additional 7%. When added to the bi-weekly 3% Safe Harbor
> contribution our plan year total is 10%, or a little over $2,200,000 (for
> all Highlights companies).
>
> This Discretionary contribution will be credited to all eligible
> participants' accounts in late March. These monies will first be reflected
> on your May 31, 2001 quarterly statement.
>
> Second, the Company has decided to add five additional fund options to the
> Profit Sharing/401k plan effective March 1, 2001. This will bring your
> total choice of investment funds to 13. Informational meetings and
> documentation will follow shortly to provide you with further education
> and training regarding these added funds and the Plan.
>
> Lastly, the Board has approved the addition of a Dental Insurance Plan to
> the full time benefit package. Details of the plan are being finalized
> now, and we expect to offer this coverage effective July 1 of this year.
> An open enrollment will be held in May for eligible staff to sign up for
> this long awaited coverage. I'll keep you posted as details become
> available.
>
> Garry Myers' letter will be posted on the door of the cafe at Sharon Road,
> and on the bulletin board at Jaffrey Road. You may also read the letter on
> the HR Page of Gopherit. Please contact me if you have any questions.
>
> Jen
> |
Dear Investor,
I'm writing to expose the biggest lie in technology
today...
...one that has individual investors completely in the
dark about an opportunity of immense proportions. A
LOW-RISK tech stock that can easily DOUBLE your money
by this time next year -- then make your fortune
several times over in the years to come.
I've just put the finishing touches on an Urgent
Profit Bulletin detailing this opportunity
and in just a bit, I'll tell you how to get your
FREE copy.
But first, back to technology's biggest lie. I'm
talking about the so-called "glut" of fiber optic
cable. Here's the REAL story:
WHEN the World Trade Center got hit, the Internet
slowed down -- very noticeably slowed down. In fact,
it nearly came to a grinding halt! That means there
isn't nearly enough capacity or redundancy built into
the system to accommodate a blip in demand.
Sources tell me that the government is very worried
about this problem. After all, this is the second
time it's happened. Back in July, a tunnel fire in
Baltimore slowed the Internet to a crawl for two full
days.
That means our communications systems -- and therefore
our economy -- are very, very vulnerable.
Ten years ago, it wouldn't have mattered. But today,
commerce and security is COMPLETELY DEPENDENT on those
systems. Virtually nothing moves without it. That's
how banks and brokerages transfer funds...how
dispatchers route fleets of trucks...how many Americans
get paid through direct deposit.
And we are closer to the BREAKING POINT than 99.9% of
Americans even begin to understand. Here's one
example.
Qwest -- one of America's biggest carriers -- recently
said they're 60% loaded on their network. That
doesn't sound too bad...until you understand how these
networks operate. You can't load a network much past
65%. In fact, 70% is virtually CATASTROPHIC --
because the network spends so much time searching for
open channels, it doesn't spend any time actually
sending packets of information.
The system locks. Communications stops. The nation
comes to a standstill.
AMERICA IS FALLING BEHIND the rest of the developed
world. Internet traffic systems currently run faster
in Australia, Europe and even South America. That's
because we push out more data than everyone else --
but we're not increasing capacity at anywhere near the
needed rate.
We've got to catch up -- and we've got to catch up
fast! Otherwise business, the economy and our
national security all go in the CRAPPER.
BUT WHY do we have this capacity problem amidst a
"fiber glut?" Because 95% of all the fiber that has
ever been laid is "dark" -- that is, it's not
activated. And the company I'm recommending is the #1
supplier of the components needed to do the job. I'm
looking at a DOUBLE -- possibly a TRIPLE by this time
next year. And I fully expect to multiply our money
five-times over by 2007. In fact, this stock truly
has "ten-bagger" potential!
At the height of the boom, this company's stock was
nearly 20-times higher. So what changed? Spending on
communications networks dried up. Now the government
is ready to pump $100 billion in emergency spending
into the economy; interest rates are practically zero;
and the need isn't just vital for the economy anymore
-- it's a question of NATIONAL SECURITY!
Please don't miss out. You'll kick yourself big-time
if you miss out. Get this company's name -- and full
details -- in my urgent profit bulletin: 5-Times
Richer By 2007. I'll send it to you free when you
accept a FREE 60 day trial to my TECHNOLOGY
INVESTING advisory.
That's right -- take a full 60 days to measure the value of my
advice for yourself. Don't like what you see...don't
make the profits you want, just cancel, and your
subscription doesn't cost you a dime. That's reason
enough to give it a try. Because if I'm right -- and
I'm staking my reputation and my own money on this
call -- you can double your money, at least, in 12
months...and make your fortune several times over in the
coming years.
Please don't miss out. Give yourself a chance. At
least take a look at TECHNOLOGY INVESTING to see what
you think. This free 60 day trial means my advisory
costs you nothing if you're not 100% satisfied with the
advice you receive.
Please click here to sign up now:
http://www.ppi-orders.com/index.htm?promo_code=1AR195
Sincerely,
Michael Murphy
TECHNOLOGY INVESTING
P.S. The longer you wait, the more profits you MISS
OUT on. This stock has a long ways to run -- but it's
already UP 43% since October 1st, in recognition of
this company's vital new role in national security.
Dark fiber does no good. Actual carrying capacity is
strained to the limits. And get this -- data traffic
is DOUBLING every year now. That means a network
running at 63% of capacity needs to double its load by
this time next year just to keep up. That's why the
fiber must be lit. That's why the fiber will be lit.
Click here to take advantage of this free 60 day trial now.
http://www.ppi-orders.com/index.htm?promo_code=1AR195
------------------------------------------------------
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.
------------------------------------------------------
Thursday Jan 10, 2002 19:22:41 |
----- Forwarded by Tana Jones/HOU/ECT on 11/14/2000 04:22 PM -----
Jon Chapman
11/14/2000 03:42 AM
To: Tana Jones/HOU/ECT@ECT, Peter Keohane/CAL/ECT@ECT
cc:
Subject: FW: Good luck America
And so it goes on .........
---------------------- Forwarded by Jon Chapman/LON/ECT on 14/11/2000 09:44
---------------------------
[email protected] on 14/11/2000 05:21:06
To: [email protected], [email protected], [email protected]
cc:
Subject: FW: Good luck America
David Davies
National Manager - Chubb Traffic Services
02 9930 4318 / 0401 77 66 18
---------------------- Forwarded by David Davies/NSW/Chubb on 14/11/2000
03:22 PM ---------------------------
Tony Ayers <[email protected]> on 14/11/2000 04:15:44 PM
To: "David Davies (E-mail)" <[email protected]>, "Mark Langan
(E-mail)" <[email protected]>, "Patrick O'Callaghan (E-mail)"
<[email protected]>, "Tony Ayers (E-mail)"
<[email protected]>
cc:
Subject: FW: Good luck America
-----Original Message-----
From: [email protected] <mailto:[email protected]>
[SMTP:[email protected]]
<mailto:[SMTP:[email protected]]>
Sent: Tuesday, 14 November 2000 15:13
To: [email protected]; <mailto:[email protected];>
[email protected]; <mailto:[email protected];>
[email protected]; <mailto:[email protected];> [email protected]
<mailto:[email protected]>
Subject: FW: Good luck America
These are some quotes attributed to the would be American President
George
Bush
Perhaps this is how upper management speak?
Subject: Good luck America....
"The vast majority of our imports come from outside the country."
....George W. Bush, Jr.
"If we don't succeed, we run the risk of failure."
....George W. Bush, Jr.
"Republicans understand the importance of bondage between a mother and
child."
....Governor George W. Bush, Jr.
"Welcome to Mrs. Bush, and my fellow astronauts."
....Governor George W. Bush, Jr.
"Mars is essentially in the same orbit...Mars is somewhat the same
distance from the Sun, which is very important.
We have seen pictures where there are canals, we believe, and water. If
there is water, that means there is oxygen.
If oxygen, that means we can breathe."
....Governor George W. Bush, Jr., 8/11/94
"The Holocaust was an obscene period in our nation's history. I mean in
this century's history. But we all lived in this century. I didn't live
in this century."
....Governor George W. Bush, Jr., 9/15/95
"I believe we are on an irreversible trend toward more freedom and
democracy - but that could change."
....Governor George W. Bush, Jr., 5/22/98
"One word sums up probably the responsibility of any Governor, and that
one word is 'to be prepared'."
....Governor George W. Bush, Jr., 12/6/93
"Verbosity leads to unclear, inarticulate things."
....Governor George W. Bush, Jr., 11/30/96
"I have made good judgments in the past. I have made good judgments in
the future."
....Governor George W. Bush, Jr.
"The future will be better tomorrow."
....Governor George W. Bush, Jr.
"We're going to have the best educated American people in the world."
....Governor George W. Bush, Jr., 9/21/97
"People that are really very weird can get into sensitive positions and
have a tremendous impact on history."
....Governor George W. Bush.
"I stand by all the misstatements that I've made."
....Governor George W. Bush, Jr. to Sam Donaldson, 8/17/93
"We have a firm commitment to NATO, we are a part of NATO. We have a
firm commitment to Europe. We are a part of Europe." ....Governor George
W. Bush, Jr.
"Public speaking is very easy."
....Governor George W. Bush, Jr. to reporters in 10/9
"I am not part of the problem. I am a Republican"
....Governor George W. Bush, Jr.
"A low voter turnout is an indication of fewer people going to the
polls."
....Governor George W. Bush, Jr
"When I have been asked who caused the riots and the killing in LA, my
answer has been direct & simple Who is to blame for the riots? The
rioters are to blame. Who is to blame for the killings? The killers are
to blame."
....George W. Bush, Jr.
"Illegitimacy is something we should talk about in terms of not having
it."
....Governor George W. Bush, Jr., 5/20/96
"We are ready for any unforeseen event that may or may not occur."
....Governor George W. Bush, Jr., 9/22/97
"For NASA, space is still a high priority."
....Governor George W. Bush, Jr., 9/5/93
"Quite frankly, teachers are the only profession that teach our
children."
....Governor George W. Bush, Jr., 9/18/95
"The American people would not want to know of any misquotes that
George Bush may or may not make."
....Governor George W. Bush, Jr.
"We're all capable of mistakes, but I do not care to enlighten you on
the mistakes we may or may not have made."
....Governor George W. Bush, Jr.
"It isn't pollution that's harming the environment. It's the impurities
in our air and water that are doing it."
....Governor George W. Bush, Jr.
"[It's] time for the human race to enter the solar system."
....Governor George W. Bush, Jr.
*************************************************************
This email and any files attached are considered
confidential and intended solely for the use of the
individual or entity to whom this email is addressed.
If you have received this email in error please notify :
( [email protected] )
This footnote also confirms that the above email has been
scanned for the presence of computer viruses.
************************************************************* |
FYI
Eric Gillaspie
Counsel
Shell Trading Gas and Power Company
Tel. 713-230-3576
Fax 713-265-3576
2HC 1036
-----Original Message-----
From: jonathan gillaspie [mailto:[email protected]]
Sent: Saturday, May 26, 2001 8:13 AM
To: [email protected]; Gillaspie, Eric; [email protected];
[email protected]; [email protected];
[email protected]
Subject: Re: Trip Details
Dan:
Can you imagine trying to set this up without the internet? It would be
impossible. Anyway, here's a quick update from the battlefield. In regards
to flight plans, we had a minor setback today. We called our local Wuxi
travel agent who is setting up the majority of our airplane tix. I asked her
if we needed to provide them with full names that are on passports. After
much heated debate she said no. However, we then called Shanghai Pudong
Airport staff to see what their response was to our enquiry. They demanded
that all flight tickets show the full names that are on passports.
Therefore, I'll need for you to provide me with the full names (first,
middle, last) for everybody in your group. We'll then pass these on to the
Wuxi agent who has already lined up the Shanghai>Qingdao flight. We'll also
provide the full names to agents who'll be setting up the other flights.
Secondly, let me give you a status report on the Beijing leg of the journey.
After you sent us your Beijing tour package info we consulted with Lin Qing.
We then asked our travel agent friend in Qingdao, Zang Bao Guo, to line us
up with his agents in Beijing to get another price quote. Jeff felt that the
$525/person fee was too much; he stated that he had retirement savings to
consider (ha!). We've spent the last couple days in negotiations with
another Beijing agent to see if she could provide us with essentially the
same Beijing tour package at a more budget-minded price. Today she gave us a
rough idea on the price of the alternative Beijing tour package. The
estimated price would be about $520/couple for the same five day package in
Beijing. This is in comparison to your price quite of $525/person for a five
day package. We would downgrade from a 5 star hotel to a 4 star hotel (it's
new). Keep in mind that we're still hammering out the details, but the
alternative package seems to be the one that would be the easiest on the
wallet.
The crude itinerary would look something like this:
June 11- fly to Beijing in the morning; check into hotel; tour the Forbidden
City; see Chinese style acrobatics show in the evening.
June 12- Great Wall; Ding Temple (tombs); Beijing roast duck dinner.
June 13- Temple of Heaven; Summer Palace; dinner at the Old Beijing Tea
House (singing and other entertainment provided).
June 14- Tiananmen Square; Beihai Park; lunch at Beihai King's Food
Restaurant (this place serves meals that the royalty would have eaten during
the Qing Dynasty); Yong He Gong (Tibetan temple); free evening.
June 15- Hutong alley tour; lunch at a Xinjiang (Chinese Muslim cuisine)
restaurant; Wangfujing Street (shopping at the trendy stores); Beijing opera
in the evening.
June 16- most folks would fly out of Beijing to USA or Shanghai.
We knocked out some destinations from the original plan. For example, the
dancing performance and the trip to Liu Li Chang (antique shopping). Ai Ping
called the agent about the dancing show and decided it wouldn't be very
interesting: it featured some Western dancing styles and the same crap we
see on TV every night. The dance performance didn't include any minority
group dances or "traditional" village styles, so Ai Ping didn't think it
sounded very "Chinese." If the antique shopping is desired (it's an
on-the-street auction, with other stores selling original and
not-so-original "fake" items) we can slap it back on the itinerary. I don't
give a hoot either way. I aim to please and we are extremely flexible. Ai
Ping's hometown is six hours west of Beijing. She's been to Beijing a
billion times; she doesn't care where we go. Let me know what you think and
we'll do as instructed.
Thirdly, I don't think we'll be needing any deposit money. The airplane tix
will be reserved in your names. The Wuxi agent said she would arrange to
have your Shanghai>Qingdao tix brought to your hotel in Shanghai and that
you could pay there. The Qingdao>Beijing tix can be paid for in Qingdao upon
arrival. The Beijing agent hasn't mentioned a deposit for the tour package
yet. If she does, I'll put the money down- no problem.
So that leaves you with making the decision on whether or not you want to do
the Shanghai tour package: your call. It looks like a good plan to me. If
you want any assistance with the Shanghai leg of the journey we can do it.
Let me know.
Hope this gives you an idea on where we're at. Please respond asap with
comments/questions. Hope all is swell in Tejas. Will write again soon.
My Regards,
Jon Gillaspie
>From: Daniel Junk <[email protected]>
>To: Jonathan Gillaspie <[email protected]>
>CC: Eric Gillaspie <[email protected]>
>Subject: Trip Details
>Date: Fri, 25 May 2001 09:36:55 -0700 (PDT)
>
>Jon, how is crisis management these days? I hope it
>is coming together for you. I hate to bother you, but
>was wondering if Ai Ping has finalized anything with
>the travel agency or airlines. I'm sure there are
>going to be deposits required and such when the
>reservations are made. Just let me know what you're
>needing from us.
>
>In the mean time, keep cool. The suffering will end
>shortly.
>
>Take care....Dan
>
>__________________________________________________
>Do You Yahoo!?
>Yahoo! Auctions - buy the things you want at great prices
>http://auctions.yahoo.com/
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com. |
you need company?
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:33 PM
To: Rybarski, Amanda
Subject: RE:
its working, im going to go smoke
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:32 PM
To: Maggi, Mike
Subject: RE:
That was my plan!
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:32 PM
To: Rybarski, Amanda
Subject: RE:
youre killing me
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:32 PM
To: Maggi, Mike
Subject: RE:
deal
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:31 PM
To: Rybarski, Amanda
Subject: RE:
youll have to show me
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:30 PM
To: Maggi, Mike
Subject: RE:
I know a few ways!
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:30 PM
To: Rybarski, Amanda
Subject: RE:
we can still find a way to have fun
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:30 PM
To: Maggi, Mike
Subject: RE:
you don't know how much I miss it!
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:29 PM
To: Rybarski, Amanda
Subject: RE:
too bad no drinking
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:28 PM
To: Maggi, Mike
Subject: RE:
we'll see about that
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:27 PM
To: Rybarski, Amanda
Subject: RE:
not as much as me
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:27 PM
To: Maggi, Mike
Subject: RE:
ooohhh, I'm excited!
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:27 PM
To: Rybarski, Amanda
Subject: RE:
youll see
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:27 PM
To: Maggi, Mike
Subject: RE:
so where are we going to go?
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:26 PM
To: Rybarski, Amanda
Subject: RE:
ok me too
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:26 PM
To: Maggi, Mike
Subject: RE:
I'm not too sure yet...I'm going to try to leave around 3 or 3:30
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:25 PM
To: Rybarski, Amanda
Subject: RE:
i dont know what time are you
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:23 PM
To: Maggi, Mike
Subject: RE:
What time are you leaving today?
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 1:23 PM
To: Rybarski, Amanda
Subject: RE:
so lets go
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 1:18 PM
To: Maggi, Mike
Subject: RE:
Yes! Believe me, I can't wait!
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 11:46 AM
To: Rybarski, Amanda
Subject: RE:
early this week i hope
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 10:30 AM
To: Maggi, Mike
Subject: RE:
okay, I will...this week!
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 10:29 AM
To: Rybarski, Amanda
Subject: RE:
prove it
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 10:28 AM
To: Maggi, Mike
Subject: RE:
you are the big cheese to me baby!
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 10:27 AM
To: Rybarski, Amanda
Subject: RE:
i dont really know what he is going to do, i thought i was always the big cheese
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 10:26 AM
To: Maggi, Mike
Subject: RE:
REALLY, where is he going? Are you going to be the big cheese now?
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 10:25 AM
To: Rybarski, Amanda
Subject: RE:
i am staying also but john is not
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 10:25 AM
To: Maggi, Mike
Subject: RE:
no he's staying...what about you?
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 10:24 AM
To: Rybarski, Amanda
Subject: RE:
me too, is chris leaving
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 10:24 AM
To: Maggi, Mike
Subject: RE:
I wish...that would be my dream job!
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 10:23 AM
To: Rybarski, Amanda
Subject: RE:
really, so who then, me?
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 10:23 AM
To: Maggi, Mike
Subject: RE:
yeah, but I don't know for who...I don't think I will be working for Chris.
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 10:22 AM
To: Rybarski, Amanda
Subject: RE:
im glad to hear that, so are you going to be doing the same thing
-----Original Message-----
From: Rybarski, Amanda
Sent: Tuesday, January 22, 2002 10:21 AM
To: Maggi, Mike
Subject: RE:
Not at all...I just now got my offer letter...FINALLY. What about you? Anything exciting?
-----Original Message-----
From: Maggi, Mike
Sent: Tuesday, January 22, 2002 10:20 AM
To: Rybarski, Amanda
Subject:
anything exciting going on over there |
Enform expands Sun Micro partnership
HOUSTON, Dec. 15 (LocalBusiness.com) -- Enform technology, a high-tech
consultant, said it has expanded the company's strategic partnership with Sun
Microsystems Inc. Privately held Enform said Palo Alto, Calif.-based Sun
Microsystems (Nasdaq: SUNW) is letting the company employ its integrator
technology called iForce eIntegrators, for use in creating Web applications
and building back-end systems that connect to the site. Sun will help Enform
build its service offerings and create custom consulting services, which will
be jointly marketed. How much more business this will bring to Enform is not
clear, and company officials today were not available to discuss the deal.
Enform, which is run by John McNevin, a former partner at Ernst & Young, has
grown quickly in its three-year existence. The Houston company helps
businesses reinvent themselves by upgrading their systems or finding new
technologies they need to remain competitive. Since its inception, Enform has
apparently been profitable. It hasn't needed any venture capital to operate.
The company has about 200 employees, with branch offices in Dallas and
Austin, and expects to post sales of about $21 million this year. Enform
recently told LocalBusiness.com that it expected to log about $100 million in
sales next year, if the economy holds. Its client list includes Microsoft
Corp., Engage Energy and Continental Airlines.
________________________________________________________
o Public MarchFirst Gets $150 Million from Francisco Partners
CHICAGO -- MarchFirst, a publicly traded Internet
services company, said that Francisco Partners,
a private equity firm focused on investments in
technology companies, has agreed to invest $150
million in the company in exchange for an eventual
32% equity stake. MarchFirst said it will use the
new capital to focus on operations. The company
assists business with services such as brand building.
David M. Stanton and Neil M. Garfinkel, both of
Francisco Partners, will join MarchFirst's board
of directors, bringing the total to nine members.
http://www.marchfirst.com/
_____________________________________________
o Aether Systems Buys RTS Wireless in $103 Million Deal
OWINGS MILLS, Md. -- Aether Systems, a publicly
traded provider of wireless data products and services,
said it signed a definitive agreement to acquire
RTS Wireless, a developer of software systems that
connect the Internet to wireless devices. Aether
will acquire RTS for a total of approximately $103
million, which includes $26 million in cash and
1.3 million shares stock, trading at $59.25. Aether
will gain a team of 120 wireless engineers among
RTS's 200 employees. RTS's investors include America
Online and individuals.
http://www.aethersystems.com /
http://www.rtswireless.com/
_____________________________________________________-
o E-Numerate Solutions Secures $9 Million in Round One
MCLEAN, Va. -- e-Numerate Solutions, which provides
technology that allows users to compare and analyze
numerical data on the Web, said it has raised $9
million in its first round of funding led by Carlyle
Venture Partners, which provided $3 million. Undisclosed
individual investors also participated in the round.
The company said it will use the funding to continue
its expansion.
http://www.e-numerate.com/
_____________________________________________
o Digital Broadband Cuts Staff Due To Faltering Funding Talks
WALTHAM, Mass. -- Digital Broadband, which provides
broadband communications services, said it would
lay off "a substantial portion of its workforce."
The company attributed the layoffs to "adverse market
conditions and its inability to attract sufficient
additional financing to fund its business plan."
According to CNET'S News.com, the company will lay
off 450 of its 526 employees, or 86% of its workforce.
The company raised capital from THL, Alta Communications,
BancBoston Ventures, and individual investors.
http://www.digitalbroadband.com/
_____________________________________________
o E-Business Services Firm Bigstep.com Lays Off 34-Employees
SAN FRANCISCO -- Bigstep.com, which provides small
businesses with electronic business services, said
it has laid-off 34 employees. Bigstep.com now has
110 employees. The company said the staff reduction
will allow it to shift with market changes and remain
a viable business. Employees received a severance
package as compensation, the company said. Bigstep
is backed by Worldview Technology Partners, InterWest
Partners, Cardservice International, Compaq Computers,
Office Depot, U.S. Venture Partners, Mayfield Fund,
the Washington Post Company, Angel Investors LP,
Partech International, Draper Richards, Argus Capital,
Staenberg Private Capital, and undisclosed private
investors.
http://www.bigstep.com/
_____________________________________________
o Business Firm iReality Group Acquires Consulting Firm Semtor
FORT LAUDERDALE, Fla. -- Hong Kong-based iReality
Group, a business services firm, said it acquired
the U.S. consulting firm Semtor for an undisclosed
amount of stock. Semtor chairman and CEO Harold
Gubnitsky said that Bloomberg and the Miami Herald
listed the transaction at being valued between $70
million and $90 million, but he could not confirm
that valuation. iReality Group will absorb Semtor
and retain all of its employees. Both companies
are backed by individual investors, and the new
company may hold a round of mezzanine funding before
seeking an IPO next year.
http://www.irealitygroup.com/
http://www.semtor.com/
_____________________________________________ |
Michelle,
We may reap the most benefit by having all the site HR Managers, Site Safety
Supervisors/Nurse Practitioners, Mike Indivero, Tony Bolar Softich(Safety),
Steve Olenik(Safety), Sean Mayer(Construction), Frank Petty(Director of
Construction), Mike Ranz(VP Construction), Bob Black(Manager Of Projects),
maybe a few other home office construction managers selected by Mike Ranz or
Frank Petty in attendance. I think you and Rick need to chair the meeting
because you will lend credibility and importance to the issue. You may even
want to invite whoever is John Gillis's boss(or his designee) to sit in to
emphasize the importance of this issue. Too often I hear "Enron has plenty
of money" and "Thats why we have lawyers" -the truth being we are the
guardians of our stockholders assets and we have a fudiciary responsibility
to protect those assets for the health and well being of the company, the
stockholders and the employees of Enron Corp. My experience has been that we
do a good deal of back stabbing and finger pointing when HR, Safety and
Construction get together and meet on anything. Liability/Settlement checks
regardless of the amount needs to be an issue along with the improvement of
the employment offer process and who is authorized to make decisions
effecting employment offers. In the end if supervisors or managers fail to
act prudently and in the best interest of the company then there is a
penalty. The penalty being they won't get the opportunity to lose more of
the companies money by making reckless decisions. Thats the approach I would
take with these people. The Weigle case does not need to be looked at like
it only cost us $490.00. This continued reckless disregard we have in our
decision making process is going to hit us big one of these days and we will
replace Foster Wheeler's Blue Island Racial Graffitti charge & settlement as
something the EPC Industry talks about. I may be overreacting here but I've
been in the middle of Nepco's harassment, discrimination other issues for
the last 18 months. Call me if you have any questions. Thanks for asking.
Mie
> -----Original Message-----
> From: [email protected] [SMTP:[email protected]]
> Sent: Tuesday, October 23, 2001 6:07 AM
> To: [email protected]
> Subject: RE: Weigle EEOC File
>
> Mike, I received the file - thanks.
>
> Also, I would like to follow up on the training issues that we discussed
> when this charge arose. How would you like to move forward on that?
>
> Michelle
>
> -----Original Message-----
> From: FLO-Mike Croall <[email protected]>@ENRON
> Sent: Fri 10/19/2001 2:28 PM
> To: Cash, Michelle
> Cc:
> Subject: RE: Weigle EEOC File
>
>
>
> I have made a copy for Nepco's HR Dept. and I am sending all original
>
> documents related to the charge to your attention Legal Dept. @ Enron
> 1400
>
> Smith St. Houston, TX. You should have it early next week.Let me know
> if
> you
>
> need anything else and I really appreciate all of the time and effort
> you
>
> and Rick lent to this issue. I'm sorry we didn't handle it better and
> avoid
>
> the EEOC charge.
>
> Mike Croall
>
>
> > -----Original Message-----
>
> > From: Cash, Michelle [SMTP:[email protected]]
>
> > Sent: Friday, October 19, 2001 3:10 PM
>
> > To: [email protected]@ENRON; [email protected]; Indivero,
>
> > Michael
>
> > Cc: Johnson, Rick
>
> > Subject: RE: Weigle EEOC File
>
> >
>
> > As I mentioned earlier, I believe that the original should come to me
>
> > for filing in the vault. michelle
>
> >
>
> > > -----Original Message-----
>
> > > From: [email protected]@ENRON
>
> > > Sent: Friday, October 19, 2001 1:20 PM
>
> > > To: [email protected]; Indivero, Michael
>
> > > Cc: Johnson, Rick; Cash, Michelle
>
> > > Subject: RE: Weigle EEOC File
>
> > >
>
> > > suggest you send it here...
>
> > >
>
> > > > -----Original Message-----
>
> > > > From: FLO-Mike Croall
>
> > > > Sent: Friday, October 19, 2001 11:05 AM
>
> > > > To: B-Mike Indivero
>
> > > > Cc: '[email protected]'; '[email protected]'
>
> > > > Subject: Weigle EEOC File
>
> > > >
>
> > > > I have received the settlement agreement back from Mr. Weigle.
> Who
>
> > > wants
>
> > > > to be the keeper of the file? I can send copies to everyone if
>
> > > necessary.
>
> > > > Thanks,
>
> > > > Mike
>
> >
>
> >
>
> >
> **********************************************************************
>
> > 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.
>
> >
> ********************************************************************** |
Russell:
That works for me.
Carol
"Martinson, Russell" <[email protected]>
05/16/2000 05:21 PM
To: "'[email protected]'" <[email protected]>
cc:
Subject: RE: Utilicorp
I agree with you. I had thought about waiting to execute the Transfer
Agreement until after we had executed the new ISDA and (and thus were doing
all subsequent trades as UtiliCorp) and dating the Transfer Agreement
accordingly. I think it is a more legally sound way of handling the whole
issue. Why don't you wait until I send you the fully executed ISDA and we
have the correct name in your Enron Online database, and then redate and
send the Transfer Agreement?
> ----------
> From: [email protected][SMTP:[email protected]]
> Sent: Tuesday, May 16, 2000 3:46 PM
> To: [email protected]
> Cc: [email protected]
> Subject: RE: Utilicorp
>
>
> Russell:
> Thanks for your message. I will take a look at the Transfer Agreement. I
> just want to make sure that all trades done after May 3rd and before the
> execution date that are being confirmed under ARMS will be transferred to
> Utilicorp. Alos, in order to change our online system, we need to know
> when the Utilicorp Master will be the operative document so that on and
> after such date, all deals are confirmed under the Master under the
> Utilicorp name. Do you think that it would be better just to change the
> effective date of the Master and the Transfer Agreement to the date of
> Utilicorp's execution of the Master?
>
>
> Carol St. Clair
> EB 3892
> 713-853-3989 (Phone)
> 713-646-3393 (Fax)
>
>
>
>
> "Martinson,
>
> Russell" To: "'Carol St Clair'"
> <[email protected]>
> <RMartins@Util cc:
>
> iCorp.com> Subject: RE: Utilicorp
>
>
>
> 05/16/2000
>
> 02:05 PM
>
>
>
>
>
>
>
>
>
> Carol, I wasn't able to open the images you attached to your email, but
> both
> the ISDA and the Transfer and Termination Agreement are dated May 3, 2000.
> The only possible concern would be those transactions that we are entering
> into between May 3 and the day that the UtiliCorp ISDA is executed, at
> which
> time we will actually enter into trades as UtiliCorp. However, I believe
> that we have worded the Transfer and Termination Agreement in such a
> manner
> that, once such document is executed, all trades done as ARM will fall
> under
> the UtiliCorp ISDA, so there shouldn't be any concerns.
>
> I anticipate having the ISDA Transfer and Termination Agreement executed
> within the week. Feel free to let me know if you you have further
> questions/concerns.
>
> > ----------
> > From: Carol St Clair[SMTP:[email protected]]
> > Sent: Friday, May 12, 2000 5:05 PM
> > To: [email protected]
> > Subject: Re: Utilicorp
> >
> > <<File: pic07880.pcx>><<File: pic20420.pcx>>
> >
> >
> > Russell:
> > Please see the e-mails that Susan and I have exchanged. Since we are
> > still
> > confirming deals under ARMS, does the effective date on the Transfer and
> > Termination Agreement work? I want to make sure that it covers all
> trades
> > that
> > have been confirmed with ARMS until we start confirming with Utilicorp.
> > Please
> > advise.
> > Carol
> >
> > Carol St. Clair
> > EB 3892
> > 713-853-3989 (Phone)
> > 713-646-3393 (Fax)
> > ----- Forwarded by Carol St Clair/HOU/ECT on 05/12/2000 05:03 PM -----
> > |--------+------------------------>
> > | | Susan Bailey |
> > | | |
> > | | 05/12/2000 |
> > | | 05:00 PM |
> > | | |
> > |--------+------------------------>
> >
> > >
> -------------------------------------------------------------------------
> > ---|
> > |
> > |
> > | To: Carol St Clair/HOU/ECT@ECT
> > |
> > | cc:
> > |
> > | Subject: Re: Utilicorp(Document link: Carol St Clair)
> > |
> >
> > >
> -------------------------------------------------------------------------
> > ---|
> >
> >
> >
> > Carol,
> >
> > Not yet. The master agreement documents were sent out by FED EX on
> > Monday, May
> > 8th.
> >
> > As for the effective date of the (a) Master Agreement and (b) Transfer
> and
> > Termination Agreement, both documents were given an effective date of
> May
> > 3,
> > 2000.
> >
> >
> >
> >
> > |--------+----------------------->
> > | | Carol St |
> > | | Clair |
> > | | |
> > | | 05/12/2000 |
> > | | 03:46 PM |
> > | | |
> > |--------+----------------------->
> >
> > >
> -------------------------------------------------------------------------
> > ---|
> > |
> > |
> > | To: Susan Bailey/HOU/ECT@ECT
> > |
> > | cc: Sara Shackleton/HOU/ECT@ECT
> > |
> > | Subject: Utilicorp
> > |
> >
> > >
> -------------------------------------------------------------------------
> > ---|
> >
> >
> >
> > (Embedded
> > image moved (Embedded image moved to file: pic20420.pcx)
> > to file:
> > pic07880.pcx)
> >
> >
> >
> >
> >
> >
> > Susan:
> > Has this Master been executed? I forgot what we specified as the
> > effective date
> > of the Transfer and Assignment Agreement with ARMS but we need to make
> > absolutely sure that the effective date covers all trades that are done
> by
> > ARMS
> > and that there is no gap between that effective date and the effective
> > date of
> > our Master. Also, please make sure that Tana knows when the Utilicorp
> > Master
> > becomes effective so she can notify the online folks. Thanks.
> > Carol
> >
> >
> >
>
>
> |
Greetings from Amsterdam.....
A few things that I have to follow up on from previous updates:
The APB (All Points Bulletin) on Kevin Watler's bike was cancelled last
month....and the reward went unclaimed. He found the bike himself.
Amnesia? Senility? We'll know soon enough. But on the other hand, I have
had three bikes stolen in an eight week span. So right now I have no bike,
and it's pissing me off. I thought I lived in a nice neighborhood,
obviously I was sadly mistaken, Bike thieves are running rampant on the
Keizersgracht! Visitors Beware......
There has been a fair amount of drinking going on in Amsterdam this
summer.....here are some highlights....
Doug, Kevin Watler and Tinhead left a club in Sweden got in a cab and ended
up in Copenhagen, Denmark. I'm pretty sure the cab driver ripped us off,
but I was involved, so that shouldn't surprise anyone. One plus...we saw a
beautiful sunrise.
Simon left the Supper Club a few weeks ago and was later found by Watler
laying on his back on a canal bridge and singing to himself....I wasn't
there, but the rumor is he was singing, "It's Raining Men". But you didn't
hear that from me....
Three weeks ago most of the German Electricity Desk took out clients to the
Okura Hotel for sushi. We all brought dates, my date was not impressed,
I'll tell you why.....for starters, we all got bombed on hot Sake. After
dinner we were started on cocktails. We all decided to go to the Supper
Club for some more drinks. I got up to go to the bathroom before we left.
Unfortunately....I walked into a wall instead. So surprisingly enough I got
into the cab that was going to Keizersgracht 393, not the cab that was going
to the Supper Club with Simon. In hind sight I think I made the right
call.....(see story above about Simon, same night!!!)
Eric Pierce has been having trouble riding his bike drunk this summer. He
recently has ridden into the tram tracks and flipped over his handle bars.
A stunt that should not be attempted stone cold sober, let alone under the
influence of alcohol.....on a another occasion, he drove his bike into a
wall. Kathryn and I are discussing the possibility of putting training
wheels on his bicycle....I'll let you know what we decide.
Speaking of bike riding....Kevin and Missy were riding back from a bar and
it started pouring down rain, I mean pouring! So they stopped by my
apartment to get out of the rain, I was in Corsica but Eric and Katherine
were there. Apparently the four of them found the my robe and the guest
robes and had a "Robe Party". I'm hoping to hear the real story before I
die......I'm not holding my breath.
Shockingly enough that was not the last party to be had at my apartment in
my absence....
Missy and I cooked a dinner party for twelve people two weeks ago at my
place. I'm pretty sure everyone would agree that it was a huge success.
Only one little slip up....Missy and I forgot to serve our guests the green
tea ice cream we made from scratch that afternoon. But don't worry, we
didn't forget to "meet" in the kitchen between courses and eat the ice cream
ourselves......oh yeah, we planned that the whole time. Anyway, I passed
out at about midnight, from what I was told the party, ended at about 3:30
in the morning.
A very similar thing happened last Saturday night, but then again all of
last week was a little out of control. I'll leave last weeks stories
(antics) for the next update, trust me, they are worth the wait....
I have an update from the human resources department....
Eric Pierce and Kathryn Adamson (engaged to be married) moved over here from
New Zealand. He is working on the French Desk and running the Continental
Options Desk. If anyone remembers, they are the couple I visited for New
Year's Eve in New Zealand in 1997-1998. Anyway, they are part of the
Amsterdam Prebon Team now....
Also, I can't believe it, but I have MORE baby announcements.....Welcome to
the world, Peter Travers, Madeline (my cousin Tammy's daughter), Alex
Chandler, and the Halstead Twins (girls, I haven't heard their names
yet)......I am very behind in the gifts department, I'm thinking I'll start
sending the gifts as soon as the kids can thank me themselves.
Also, I just planned this today.......I am coming to New York for the
Weekend of August 17th and 18th. I have a croquet tournament on Saturday
and Saturday night. But since I never get to see everyone when I come
home....I'm throwing a party Friday night. I'm starting it early, so
everyone with weekend plans can at least stop by, say hello, and split if
they want to. I'm throwing it at McFadden's (Elvis, email me right away
please) and if I'm lucky we might just have the Nancy Luca Band there....!
For all that can make it, I'll be at McFadden's (42nd Street and 2nd Avenue)
from about 4:30pm on....so please stop by, you won't regret it.
That's about it from Europe, I hope to see a lot of you one week from
Friday....!
-Douglas Pursel Moore
**********************************************************************
This email is intended only for the addressee. This email
and any files transmitted with it may contain confidential
or privileged information. If you are not the named
addressee or the person responsible for delivering the
message to the named addressee, please contact
[email protected]
This email has been scanned by MIMEsweeper.
Visit the Prebon Marshall Yamane web site at
http://www.prebon.com
********************************************************************** |
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/06/2000
03:57 PM ---------------------------
Robert Superty
01/06/2000 08:32 AM
To: Katherine L Kelly/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Randall L
Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON
cc: Heather Choate/HOU/ECT@ECT
Subject: Re: Request for Application Report List
This is a follow up to the earlier email I forwarded regarding CES historical
information. Note the deadline of 1/15, I believe that should be Friday 1/14
so I need your responses by Thursday 1/13.
Please fill out the spreadsheet for each area and forward back to me. I will
consolidate our responses from a Logistics perspective. Lets have them add
everything they need and if challenged we can re-review later.
Thanks - Bob
---------------------- Forwarded by Robert Superty/HOU/ECT on 01/06/2000
08:24 AM ---------------------------
From: Bryce Baxter 01/05/2000 12:00 PM
To: Sheri Thomas/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Mark
Friedman/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Bob Klein/HOU/ECT@ECT,
Georgeanne Hodges/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT
cc: Inja Chun/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Tommy J
Yanowski/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT, Lawrence R
Daze/HOU/ECT@ECT, Pamela Chambers/Corp/Enron@Enron, [email protected]
Subject: Re: Request for Application Report List
Last month Richard Burchfield sent us the following list of reports that are
available from CES's systems. IT is working on a way to secure an electronic
copy of the required reports and making them available to us online via the
electronic document management system. While ENA is not liable for pre-2000
business, we may need to assist with research as issues arise. In order to
get the ball rolling, we need to get a list together of the reports we need.
Please fill out the attached spreadsheet and list any reports that you need
and return it to me by Friday, 1/15/2000. If you do not want any reports,
please send me an Email letting me know that. I have included samples of how
to fill this out, and if you have any questions please give me a call.
If you aren't sure which reports you need based on the names, please get with
any CES employees you have hired or with a CES transition employee to get
clarification. If you need samples of any of these reports please let my
assistant, Pam Chambers, know and she will coordinate getting a sample report
printed for you.
In addition, I will need a list of the users and their logonid's who will
need to have access to this data. Please send that to me by the 15th as
well.
Thanks, Bryce
Richard Burchfield
12/01/99 04:58 PM
To: Sheri Thomas/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Mark Friedman/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT,
Tommy J Yanowski/HOU/ECT@ECT, Bob Klein/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT
cc:
Subject: Re: Request for Application Report List
All,
Below is attached the report list for CES.
Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 12/01/99
03:48 PM ---------------------------
[email protected] on 12/01/99 01:25:37 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: " - *Peeples, Jeff" <[email protected]>,
" - *Licarione, Linda" <[email protected]>
Subject: Re: Request for Application Report List
Please see the attached for the Altra GMS report listing. Please forward any
additional questions relating to Altra GMS to Linda Licarione (713-693-2845)
or
Jeff Peeples (713-693-2597). Thanks.
Linda Licarione
12/01/99 01:04 PM
To: Clay Deaton/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Request for Application Report List
Attached is a list of 210 reports from Altra GMS. Please note that we may not
be using all of these reports. If you need me to scale this down to those
currently being used, I will need to do a bit of analysis. Many of the base
reports, those denoted in the spreadsheet with filename-location (1st column)
=
master.mdb are not currently being used at CES. Let me know if you have any
questions.
---------------------- Forwarded by Linda Licarione/CES/ColumbiaGas on
12/01/99
12:58 PM ---------------------------
Clay Deaton
11/30/99 01:27 PM
To: Linda Licarione/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Request for Application Report List
Can you provide me with a complete list of GMS reports?
---------------------- Forwarded by Clay Deaton/CES/ColumbiaGas on 11/30/99
01:26 PM ---------------------------
[email protected] on 11/30/99 10:36:11 AM
Please respond to [email protected]
To: Clay Deaton/CES/ColumbiaGas@COLUMBIAGAS
cc: [email protected], [email protected]
Subject: Request for Application Report List
Clay,
I have had several requests from the ENA business groups. now that the
agreement has been finalized, for report lists from your key applications,
those
being, Altra GMS and Risk Works( there may be others as people become more
aware). There will be a need for information for ENA to manage contracts as we
go through he transition period. We feel this would be an easier process to
work
through if ENA knows what kind of information they can request as we go
through
the transition.
Thanks, Richard
- GMS_ReportListing by Header.xls |
State's Power Purchases Costlier Than Projected
Tab is $6 million a day over Davis' requests
Lynda Gledhill, Chronicle Sacramento Bureau
Friday, March 16, 2001
,2001 San Francisco Chronicle
Sacramento -- California has spent about $6 million more a day buying
electrical power than originally projected, according to a confidential
document obtained yesterday by The Chronicle.
State power buyers spent $2.7 billion between Jan. 17 and March 11, averaging
$49 million a day. That amounts to about $6 million a day more than lawmakers
figured using Gov. Gray Davis' appropriations requests.
The confidential document was prepared by the Department of Water Resources,
which purchases power on behalf of the state. It was handed to a group of
lawmakers in a subcommittee hearing Wednesday by Water Resources Director Tom
Hannigan.
To the public, the document presents the first day-by-day look at how much
California is spending on power purchases.
Although the document shows more money being spent than originally believed,
it didn't startle any of the handful of senators and Assembly members who saw
it.
"I don't think it was a surprise," said Assemblyman Dick Dickerson, R-
Redding.
Although the state is supposed to recoup the money spent on electricity,
analysts and lawmakers say the open spigot on the state's treasury could
jeopardize the state budget and fiscal well-being in the short and long term.
For example, the state's power spending could jeopardize new education
programs and transportation projects. The nonpartisan Legislative Analyst
warned last month that lawmakers shouldn't count on all the new projects in
Davis' proposed budget.
Also, California has already been placed on a watch list by several credit
rating firms, because of the deep debt that could be incurred in helping the
utilities become financially stable. The watch list typically precedes a
credit rating drop, which would cause the state's interest on bonds and loans
to rise.
"This (power purchasing) has a dampening effect," said Jean Ross, executive
director of the California Budget Project, an independent policy group that
tracks state spending. "Nobody knows where the economy is going, and how the
energy crisis will affect it, so no one will know what the revenues will look
like in the future."
The biggest day of power buying happened on Feb. 16 when the state spent
nearly $81 million for electricity, or $435 per megawatt hour. The smallest
day was March 10 when the state buyers spent $40 million, or $219 per
megawatt hour.
Michael Worm, an analyst with the investment firm Gerald Klauer Mattison &
Co., said what the state paid was in line with current energy prices.
"That's where energy prices more or less have been for quite some time," he
said. "Of course, they are dramatically higher than they used to be."
The governor's office has refused to release information on how much the
state has spent, said Steve Maviglio, Davis' spokesman. Maviglio said if
generators found out how much the state spent the day before, they could
force up the price the next day.
But Assemblyman Tony Strickland, R-Thousand Oaks, said the public had a right
to know how its money way being spent.
"People need to know exactly what it is costing to keep the lights on," he
said. "We want to know the whole story -- not just pieces."
Strickland, along with media organizations including The Chronicle, have
filed public records act requests to obtain information on how much the state
has spent, along with the details of long-term power contracts signed by
Davis.
The original bill that authorized the state to purchase power appropriated
only $500 million, but allowed the governor to use up to $10 billion if
needed for power purchases by notifying lawmakers. The governor's office has
sent five letters since Feb. 5 to lawmakers notifying them that additional
money was needed.
Based on these letters, which in total have requested an additional $2.5
billion, the news media and lawmakers estimated that the state was spending
$43 million a day -- $6 million less than the actual costs shown on the Water
Resources document.
Since the state began purchasing electricity, the health of its budget has
become dependent on a variety of things to come, making it as fragile as a
house of cards.
The money spent on power is taken from the state's general fund and is
supposed to be returned through the issuance of state bonds. The bonds will
be paid for with a portion of the rates that utility customers pay every
month.
-
Tell Us What You Think Can you save 20 percent on your energy usage? Gov.
Gray Davis is offering rebates for Californians who save on power starting in
June, and if you've got a strategy for conserving, The Chronicle wants to
hear it. Contact the Energy Desk, San Francisco Chronicle, 901 Mission St.,
San Francisco, CA 94103; or e- mail [email protected].
--
E-mail Lynda Gledhill at [email protected].
Paying for Power
These charts show what the state spent for electricity on the spot market and
the average price paid. For the time frame of Jan. 17 through Feb. 14, only
periodic totals and averages were given.
Period Amount spent
9 p.m. Jan. 17
through Jan. 18 $13,595,121
Jan. 19 - 29 399,000,000
Jan. 29 - 31 136,546,472
Feb. 1 - 12 495,755,000
Feb. 12 - 14 152,087,316
Chronicle Graphic
,2001 San Francisco Chronicle ? Page?A - 11 |
can yuo set me up for the 4:00 mtg
---------------------- Forwarded by John Arnold/HOU/ECT on 09/13/2000 02:58
PM ---------------------------
Mark Frevert@ENRON
09/08/2000 10:09 AM
Sent by: Nicki Daw@ENRON
To: Alonzo Williams/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Andrew H
Lewis/HOU/ECT@ECT, Andrew R Conner/HOU/ECT@ECT, Ashton
Soniat/Corp/Enron@ENRON, Bhavna Pandya/HOU/ECT@ECT, Bill
Berkeland/Corp/Enron@Enron, Bill Rust/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT,
Brad McKay/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT, Bruce
Hebert/GCO/Enron@ENRON, Caroline Abramo/Corp/Enron@Enron, Chad
Starnes/Corp/Enron@Enron, Charles H Otto/HOU/ECT@ECT, Charlie
Jewell/HOU/ECT@ECT, Chris Gaskill/Corp/Enron@Enron, Chris
Germany/HOU/ECT@ECT, Chris Lenartowicz/Corp/Enron@ENRON, Clint
Dean/Corp/Enron@Enron, Colleen Sullivan/HOU/ECT@ECT, Corry
Bentley/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Cyril Price/HOU/ECT@ECT, Dan
Junek/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT,
Darren Delage/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT, David
Ryan/Corp/Enron@ENRON, David Zaccour/HOU/ECT@ECT, Dean Laurent/HOU/ECT@ECT,
Diana Allen/Corp/Enron@ENRON, Dick Jenkins/HOU/ECT@ECT, Don
Baughman/HOU/ECT@ECT, Douglas Miller/ECF/Enron@ENRON, ITH/ENRON@Gateway, Ed
Smith/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Elsa
Piekielniak/Corp/Enron@Enron, Eric Saibi/Corp/Enron@ENRON, Erik
Serio/Corp/Enron@Enron, Fletcher J Sturm/HOU/ECT@ECT, Frank
Ermis/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT,
Geoff Storey/HOU/ECT@ECT, George Hopley/HOU/ECT@ect, George
McClellan/HOU/ECT@ECT, George N Gilbert/HOU/ECT@ECT, George
Wood/Corp/Enron@Enron, Gerald Gilbert/HOU/ECT@ECT, Greg
Trefz/Corp/Enron@ENRON, Greg Whalley/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT,
Gretchen Lotz/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, James E
Terrell/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Janel
Guerrero/Corp/Enron@Enron, Janelle Scheuer/HOU/ECT@ECT, Jared
Kaiser/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON, Jason
Crawford/Corp/Enron@Enron, Jay Reitmeyer/HOU/ECT@ECT, Jay
Wills/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Jeff
Kinneman/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Jennifer
Fraser/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Joe
Errigo/Corp/Enron@Enron, Corp/Enron@Enron, Joe Parks/Corp/Enron@ENRON, Joe
Stepenovitch/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, John
Berger/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT,
John Grass/Corp/Enron@ENRON, John Greene/HOU/ECT@ECT, John
Kinser/HOU/ECT@ECT, John Llodra/Corp/Enron@ENRON, John M
Singer/Corp/Enron@ENRON, John Zufferli/HOU/ECT@ECT, John Zurita/HOU/EES@EES,
Juan Hernandez/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT, Kate
Fraser/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Keith
Comeaux/Corp/Enron@Enron, Keith Holst/HOU/ECT@ect, Keller
Mayeaux/Corp/Enron@Enron, Kelli Stevens/HOU/ECT@ECT, Kevin
Cline/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Kyle Schultz/HOU/ECT@ECT, Larry
Jester/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Laura Podurgiel/HOU/ECT@ECT, Lawrence
Clayton/Corp/Enron@Enron, Lisa Burnett/Corp/Enron@Enron, Lisa
Lees/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Madhup
Kumar/Corp/Enron@ENRON, l/HOU/ECT@ECT, Marc Bir/Corp/Enron@ENRON, Maria
Valdes/Corp/Enron@Enron, Mark Anthony Rodriguez/HOU/ECT@ECT, Mark Dana
Davis/HOU/ECT@ECT, Mark Smith/Corp/Enron@Enron, Mark Symms/Corp/Enron@ENRON,
Martin Cuilla/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Matthew
Arnold/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT,
Michael W Bradley/HOU/ECT@ECT, Michelle D Cisneros/HOU/ECT@ECT, Mike
Carson/Corp/Enron@Enron, Mike Curry/HOU/ECT@ECT, Mike
Fowler/Corp/Enron@ENRON, Mike Grigsby/HOU/ECT@ECT, Mike
Maggi/Corp/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, Nelson
Ferries/Corp/Enron@ENRON, Patrice L Mims/HOU/ECT@ECT, Patrick
Hanse/HOU/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Peter F
Keavey/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Richard Hrabal/HOU/ECT@ect, Robert
Benson/Corp/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect,
Ronald Acevedo/LON/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Scot, t Hendrickson/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Steven Kleege/HOU/ECT@ECT,
Steven P South/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Susan
Wood/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT,
Tammi DePaolis/Corp/Enron@ENRON, Terri Clynes/HOU/ECT@ECT, Theresa
Branney/HOU/ECT@ECT, Todd DeCook/Corp/Enron@Enron, Tom Donohoe/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Tom Mcquade/HOU/ECT@ECT,
Tori Kuykendall/HOU/ECT@ECT, Troy Black/Corp/Enron@ENRON, Wayne
Herndon/Corp/Enron@ENRON, William Patrick Lewis/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT
cc: Janette Elbertson/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT
Subject: Sales Practices and Anti-Manipulation Training
Sales Practices and Anti-Manipulation Training has been scheduled for
Thursday, September 14, 2000 and Friday, September 15, 2000. Attendance at
this training is mandatory. The sessions will run about 2 hours. Since each
session can only accommodate 50 people, please call Taffy Milligan at (713)
345-7373 to reserve a seat.
Session 1 Thursday, Sept. 14 2:00 p.m.
Session 2 Thursday, Sept. 14 4:00 p.m.
Session 3 Friday, Sept. 15 9:00 a.m.
Session 4 Friday, Sept. 15 2:00 p.m.
Location details will be forwarded upon registration.
If you have any questions, please contact Mark Taylor at (713) 853-7459.
Mark Frevert / Mark Haedicke |
New Market Opportunity: Industrial Hourly Sales
I was wondering if it made sense to discuss internal to Enron Government
Affairs the concept of opening the Large Industrial Market to eCommerce. If
we think this is reasonable, maybe we can make a pitch to the Enron NetWorks.
It is my recollection that the current regulatory rules related to customer
switching and marketer enrollment do not allow large consumers to buy energy
on a less than monthly basis - there is no switching within the month. LDCs
have historically prohibitied this to make sure that they were "paid" and
energy flows were in "balance".
To me, this regulatory "restriction" makes no sense at all. First, big
consumers have the capability to buy energy hourly - staff and resources.
Second, big consumers need to be sure that they are getting the absolute
lowest price. Third, big consumers control the load which if proper price
signals are provided can be used to reduce overall system peaks. Finally,
the LDC arguments have always been ridiculous - they buy and sell energy
hourly.
To initiate this discussion, I was wondering if Jeff Dasovich and Lisa Yoho
could find out in CA and PA, respectively, if I am correct about the
regulatory "restrictions". The other question, for Jeff Brown, is whether or
not we could construct a framework for Enron Online that provides for the
purchasing of the large customer full requirements (for example, metering,
data needs, etc.).
Does this make sense to everyone? If I am way out in left field, let's not
do alot of work. It just seems to me that we should try to migrate big
consumer load to Enron Online before competitors get into eCommerce.
JDS
---------------------- Forwarded by James D Steffes/HOU/EES on 04/20/2000
07:42 AM ---------------------------
ENRON
From: Office of the Chairman@ENRON on 04/07/2000 05:46 PM
To: All Enron Worldwide
cc:
Subject: Enron Net Works
It is becoming increasingly clear that the development of eCommerce will have
a significant and continuing impact on the conduct of business in a broad
array of industries. Through EnronOnLine, Enron has quickly become a major
catalyst for the transition to the web in the gas and electric industries.
EnronOnLine has been an enormous success since its launch. Since launch, we
have completed 67,043 transactions on line, with a total dollar value of over
$25 billion. EnronOnLine is now the largest eCommerce site in the world.
We believe that the competitive success of EnronOnLine is due to one very
specific reason. In addition to providing a web-based platform for
transactions, Enron acts as principal to provide direct liquidity to the
site. We stand ready at all times, in any market conditions, to buy and sell
at the posted price. This converts a &bulletin board8 (the more typical
eCommerce concept) into a true market. There are very few, if any,
competitors that can provide this capability.
We are increasingly convinced that this competitive advantage can be
dramatically expanded to other products and other geographies. If we are
correct, this could provide an enormous new opportunity for growth for Enron.
Accordingly, we are initiating a major new effort to capture this
opportunity. Effective today we are creating a new business, Enron Net
Works, to pursue new market development opportunities in eCommerce across a
broad range of industries. It is likely that this business will ultimately
be our fifth business segment, joining transmission & distribution,
wholesale, retail and broadband services.
Included in this business will be our entire IT and technology group along
with significant talent and resources in market making and finance.
Initially, North America will provide primary direct support for staff
services and back office, however, over time we will be requesting support
services from virtually all Enron units to ensure continued growth and
success. To facilitate the combining of commercial capabilities with these
new eCommerce platforms, Enron Net Works will work closely with the merchant
functions of North America, Europe, South America, CALME, Asia and Broadband.
Enron Net Works will be headed by Greg Whalley, Chief Executive Officer; Mike
McConnell, Chief Operating Officer; and Jeff McMahon, Chief Commercial
Officer. These individuals will comprise the Office of the Chairman for
Enron Net Works and remain on the Executive Committee of Enron Corp.
Replacing Greg Whalley as President and Chief Operating Officer of Enron
North America is Dave Delainey, who will also join Enron,s Executive
Committee.
Global Technology will remain intact but will now be a part of Enron Net
Works. It will maintain all of the same businesses and services as it did as
an Enron global function. Philippe Bibi will remain the Chief Technology
Officer for all of Enron Corp. and continues to be responsible for the
development of worldwide technology standards and platforms.
EnronOnLine, headed by Louise Kitchen, will also remain intact and will now
be a part of Enron Net Works. The success of EnronOnLine enables us to
utilize this site as a model as we explore other markets. In addition, the
following individuals are included in Enron Net Works along with their
current eCommerce initiatives: Harry Arora, Public Financial Securities; Jay
Fitzgerald, New Markets Identification; Bruce Garner, Metals; and Greg Piper,
Pulp and Paper.
Over the next several weeks we will complete staffing and organizational
design and will provide full details on this exciting new business
opportunity. |
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 07/06/99
03:33 PM ---------------------------
Enron Capital & Trade Resources Corp.
From: Office Chairman @ ENRON 07/01/99 12:33 PM
To: Enron Worldwide
cc:
Subject: Organizational Changes
Interoffice
Memorandum
Enron's performance has been exceptional. This performance is reflected in
our stock price, in the recognition we receive in the media and financial
communities, and, most importantly, in the enthusiasm of our people. It has
been clear to us for some time that we are driving fundamental change in the
marketplace and that our natural gas, electricity and communications networks
can be positioned for even greater growth. A &new economy8 is emerging, an
economy based on intellectual capital and the compelling economics of
networks. Capturing the opportunities in this new economy calls for
increased coordination and integration across our wholesale (ECT, ECM, EI),
retail (EES), and communications (ECI) businesses. It is our intention to
combine the operations of these businesses into a cohesive organization that
will ensure we realize the growth we foresee in all our businesses.
To this end, we are initiating a number of organization and staffing changes
in these businesses and related changes in the Enron Office of the Chairman,
in Corporate Staff groups, and in a number of management/personnel
committees. Other business units, EOG, GPG, PGE, and Azurix, will not be
directly affected. Accordingly, the following changes are effective
immediately.
Enron Office of the Chairman
Joe Sutton will join the Office of the Chairman as Vice Chairman. In his new
role, Joe will work with the two of us to manage the operations of the
company.
Rebecca Mark, previously Vice Chairman of the company, will now fully
concentrate on her responsibilities as Chairman and CEO of Azurix, our most
recent public company. Rebecca has also been elected to the Enron Board of
Directors, effective today.
Ken Harrison, previously Vice Chairman of the company, will fully concentrate
on his responsibilities as Chairman and CEO of Portland General Electric and
Non-Executive Chairman of Enron Communications. Ken will continue to serve
on Enron's Board of Directors.
Redefined Business Units
ECT, ECM, EI, EES, and ECI will be regrouped into eight regions/businesses
and five global functions. Each region/business will be operated as an
independent entity but will coordinate staffing, career paths, compensation
and performance review across all units. Each global function will provide
its specialized expertise across all regions/businesses. Included in these
functions is a new technology function, which will focus on information
systems and growth of our e-commerce capabilities where we believe there is
enormous potential. These organizational units and their leadership are as
follows:
Regions/Businesses
North America: Cliff Baxter, CEO; Kevin Hannon, COO
Europe: Mark Frevert, CEO; John Sherriff, President; Dan McCarty, COO
South America: Jim Bannantine, Co-CEO; Diomedes Christodoulou, Co-CEO
India: Sanjay Bhatnagar, CEO
Caribbean, Middle East: David Haug, CEO
Asia, Africa: Rebecca McDonald, CEO
EES: Lou Pai, CEO; Tom White, Vice Chairman
ECI: Joe Hirko, Co-CEO; Ken Rice, Co-CEO (Ken Harrison ) non-executive
Chairman)
Global Functions
Risk Management: Greg Whalley, CEO
Finance: Andy Fastow, CFO; Jeff McMahon, Treasurer
Asset Operations: Kurt Huneke, CEO
EE&CC: Larry Izzo, CEO
Technology: Mike McConnell, CEO
Corporate Staff
All corporate and EI staff units will be regrouped into six corporate staff
groups. These staff groups will support all operations of Enron. These
organizational units and their leadership are as follows:
Legal: Jim Derrick, EVP and General Counsel; Rob Walls, SVP and Deputy
General Counsel
Risk Assessment and Control: Rick Buy, EVP
Accounting and HR: Rick Causey, EVP and Chief Accounting Officer
Investor Relations: Mark Koenig, EVP
Other Staff Groups: Steve Kean, EVP and Chief of Staff
Corporate Development: To be determined.
Committees
A new Executive Committee will be formed to replace the existing Management
and Operating Committees. Membership will be as follows:
Ken Lay, Chairman
Jeff Skilling, Alternate Chairman
Joe Sutton
Stan Horton
Jim Bannantine Kurt Huneke
Cliff Baxter Larry Izzo
Sanjay Bhatnagar Steve Kean
Rick Buy Mark Koenig
Rick Causey Rebecca Mark (Ad hoc)
Diomedes Christodoulou Mike McConnell
Jim Derrick Rebecca McDonald
Andy Fastow Jeff McMahon
Peggy Fowler Lou Pai
Mark Frevert Mark Papa (Ad hoc)
Kevin Hannon Ken Rice
Ken Harrison John Sherriff
David Haug Greg Whalley
Joe Hirko Tom White
Four other committees, which will be essential to the success of this new
organization, will be formed. These committees are:
Managing Director and SVP Personnel Committee: Jeff Skilling, Chairman
Vice President Personnel Committee: Kevin Hannon, Chairman
Vision and Values Committee: Joe Sutton, Chairman
Workforce Diversity: Ken Lay, Chairman
Details of membership on these committees will follow shortly.
Summary
Over the next several weeks all of the specifics of this reorganization will
be further ironed out and communicated. In the meantime, please bear with us
- we are confident that these changes will have a significant, positive
impact on the operation and growth of the company. |
----- Forwarded by Richard B Sanders/HOU/ECT on 02/04/2001 08:49 AM -----
"Fergus, Gary S." <[email protected]>
02/02/2001 08:26 PM
To: "A. William Urquhart (E-mail)" <[email protected]>, "Alan Z. Yudkowsky
(E-mail)" <[email protected]>, "Andrzej Kabarowski (E-mail)"
<[email protected]>, "Arlen Orchard (E-mail)"
<[email protected]>, "Brian Currey (E-mail)" <[email protected]>,
"'[email protected]'" <[email protected]>, "Cliff Gunter (E-mail)"
<[email protected]>, "Davis Smith (E-mail)" <[email protected]>,
"Douglas Butz (E-mail)" <[email protected]>, "Douglas Thorpe (E-mail)"
<[email protected]>, "Elizabeth Sager (E-mail)"
<[email protected]>, "Gary Keltner (E-mail)" <[email protected]>,
"'[email protected]'" <[email protected]>, "Gordon P. Erspamer (E-mail)"
<[email protected]>, "Harry A. Olivar Jr. (E-mail)" <[email protected]>,
"'[email protected]'" <[email protected]>, "Jane Alfano (E-mail)" <[email protected]>,
"Jean Frizzell (E-mail)" <[email protected]>, "Jeffrey D. (Dan)
Watkiss (E-mail)" <[email protected]>, "John Fryer (E-mail)"
<[email protected]>, "John Heath (E-mail)" <[email protected]>,
"John W. Stamper (E-mail)" <[email protected]>, "Ken Irvin (E-mail)"
<[email protected]>, "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "Michael Helms (E-mail)"
<[email protected]>, "Nancy Loftin (E-mail)"
<[email protected]>, "Paul Fox (E-mail)" <[email protected]>,
"Phillip Fantle (E-mail)" <[email protected]>,
"'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>, "Richard B. Sanders
Esq. (E-mail)" <[email protected]>, "Richard Beitler (E-mail)"
<[email protected]>, "Richard Josephson (E-mail)"
<[email protected]>, "Ronald Carroll (E-mail)" <[email protected]>,
"Shari Stack (E-mail)" <[email protected]>, "Susan Bishop (E-mail)"
<[email protected]>, "'[email protected]'" <[email protected]>,
"Tim Bolden (E-mail)" <[email protected]>
cc:
Subject: CalPX FERC and Informational Meeting
Prepared in Anticipation of Litigation
Here is the list of counsel that attended today's conference call regarding
public events involving the California Power Exchange Corporation. I
delayed publishing this list until 6:00 p.m. because I kept receiving emails
from interested parties. I also received the following report from John
Stamper at O'Melveny & Myers who represents SEMPRA and San Diego Gas &
Electric.
John had a conversation with Bob Moore from Millbank representing the
California PX. Bob apparently told John that invoices for the chargebacks
will be issued on Monday February 5th and will be due and payable by
Thursday February 8th or Friday February 9th. John asked for February 9th
rather than the 8th. John raised again the possibility of a standstill
agreement. Bob Moore reported that the CalPX was amenable to a standstill
agreement if everybody agreed. They are worried, however, about being sued
for failing to liquidate collateral as soon as they are able etc. John
pointed out that the CalPX might be subject to claims from those entities
that had their letters of credit drawn down improperly. Bob then reported
that the number one option that the CalPX was considering was bankruptcy.
It seems to them to be the one forum where they can get all the parties.
They are also considering dissolution and invoking the ADR procedure
themselves.
We have scheduled a teleconference to discuss the FERC options for 11:00
a.m. PST on Monday February 5, 2001. The call in number is 1-800-205-3434,
participant code: 653687
I have also received a request to schedule an alternative teleconference for
1:00 p.m. PST to consider non-FERC alternatives. This would include
litigation alternatives. We will distribute the dial in number and access
code for that call on Monday morning.
Proposed Agenda for 11:00 a.m. FERC Option Teleconference:
I. Current Status of any proposed filings.
Note: Phil Fantle, in-house counsel for Cargill-Alliant sent me a
copy of a filing they made with FERC on January 29th. I will send a
copy under separate email cover.
II. Discussion of specific relevant examples where CalPX has violated
the tariff with respect to specific PX Participants. The purpose of
gathering these examples is to be able to demonstrate that CalPX is
acting arbitrarily and capriciously if that is case. This could
include identification of specific instances of inconsistent treatment of PX
Participants or inconsistent treatment of the same PX Participant.
For example, Phil Fantle pointed out that the way he reads the
tariff, if you look at the chargeback formula set forth in Schedule 2,
Section 5.3, the ratio for each PX Participant appears to be a fixed number
that does not vary after the default of another PX Participant. In
Phil's example, if a defaulting participant has a 25% share of the gross
MWHs sold in the Core market, during the chargeback process only 75%
of the default is paid through chargeback because there is no provision for
recalculating the chargeback formula.
III. Summary of best arguments of why CalPX application of charge-back is
inconsistent with tariff.
IV. Impact of Governor Davis' "commandeering" of SCE block forward
contracts.
<<Cal PX Contact List.DOC>>
Thanks
Gary
=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.
To reply to our email administrator directly, send an email to
[email protected]
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com
- Cal PX Contact List.DOC |
In Idaho, Western states press feds to act on power prices
H. JOSEF HEBERT, Associated Press Writer
Tuesday, April 10, 2001
,2001 Associated Press
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/04/10/nation
al1812EDT0713.DTL
(04-10) 18:04 PDT BOISE, Idaho (AP) -- High electricity prices pose a
``looming disaster'' for many states in the West, a federal regulator warned
Tuesday, as pressure grew on the government to consider temporary price
controls on wholesale power.
Officials from 11 Western states, including energy-ravaged California,
engaged in sometimes passionate exchanges with three members of the Federal
Energy Regulatory Commission over how to contain soaring power prices that
are expected to go only higher this summer.
``Something has to be done to tame this market,'' Geoffrey Brown, a member of
the California Public Utilities Commission, told the three FERC
commissioners. California anticipates paying $65 billion for electricity this
year, almost 10 times its power bill in 1999.
But after the daylong session, the FERC seemed to be not much closer to
imposing price caps than before, although one commissioner, Linda Breathitt,
said she now wants to look the issue more carefully and might be swayed.
FERC Chairman Curtis Hebert, a strong free-market advocate, reiterated his
fear that price regulation would drive off investors for new power
generation. Under FERC rules, it would be Hebert's discretion when or if to
propose a price cap for deliberation.
Commissioner William Massey, who has been in the minority on the commission
in recommending price controls, said the ``passion for markets must be
tempered with common sense.''
``We face a looming disaster,'' he declared, if wholesale electricity markets
are allowed to continue on a path that has wholesale power in many parts of
the West selling for 10 times what it cost just a year ago.
Hebert insisted that the FERC ``is doing everything it can'' to ensure just
and reasonable prices and cited the commission's action to seek $124 million
in refunds on California power sales. He also said the commission plans soon
to approve a new system of tracking market abuses.
The chairman noted that state officials at the meeting were sharply divided
over whether the government should regulate electricity prices. Keeping tabs
as each participant gave a presentation, he said three states were for them,
five against and three uncertain.
Hebert's anti-controls position drew support from Vice President Dick Cheney
in a telephone interview with Associated Press reporter David Ammons in
Olympia, Wash.
``The problem with price caps,'' Cheney said, ``is that they don't solve the
problem. Just look at California, where they had caps applied at the retail
level that, coupled with the requirement to buy power on the spot market, has
driven PG&E into bankruptcy.''
Pacific Gas & Electric, California's largest utility, said last week it had
debts of $9 billion and filed for protection from its creditors under chapter
11 of federal bankruptcy laws.
California, whose electricity problems have unleashed soaring power prices
throughout the West, urged FERC to immediately impose an 18-month cost-based
price cap in the Western markets.
``We have done our part. We cannot do it alone,'' said Bob Hertzberg, speaker
of the California Assembly. He cited state actions to boost conservation,
increase retail rates and speed up power plant construction and said there is
``no earthly reason'' why energy prices should be 10 times what they were a
year ago.
Still, California officials expressed little optimism after the hearing.
``It would take a dramatic, unprecedented change of direction'' for the FERC
to adopt price controls, said Fred Keeley, speaker pro tem in the California
Assembly, who was in the audience during the six-hour meeting.
Breathitt, the FERC's third commissioner, who has not come out in favor of
price caps, nevertheless indicated she might be inching toward some controls.
She said she wants the commission to ``seriously discuss a price
implementation plan.''
The issue may end up, however, being decided by two new commissioners
recently nominated by President Bush -- Pat Wood, now head of the Texas
utility commission, and Nora Brownell, a Pennsylvania regulator.
Both are viewed as free market advocates, but pro-controls commissioner
Massey said he believes they might be swayed to accept temporary price
restraints if the electricity market reels further out of control. Neither
nominee has yet been confirmed by the Senate.
While divided on price controls, most of the state officials at the unusual
FERC meeting expressed worries that the federal agency was doing too little
to address problems in the power markets.
The chairman of Montana's utility commission, Gary Feland, who opposes price
controls, criticized FERC for lack of aggressiveness in challenging
unreasonable prices. FERC is legally mandated to ensure ``just and
reasonable'' wholesale power prices.
``Montana is taking a hell of a hit'' from electricity prices, Feland said.
``Politically we're getting beat up.''
Steve Ellenbecker, a utility commissioner from Wyoming, urged the federal
regulators to come up with a ``reasonable measure'' short of a price cap to
deal with the troubled electricity market.
Many of the state officials said the full impact of the high wholesale power
prices have yet to hit consumers. In many cases state officials must still
give permission for utilities to pass them on to retail customers.
On the Net: FERC Web site: www.ferc.fed.us/
,2001 Associated Press ? |
---------------------- 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] |
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 04/05/2001 10:05 PM ---------------------------
"mike" <[email protected]>@sfgate.com> on 04/05/2001 10:12:00 PM
Sent by: <[email protected]>
To: "Mike" <[email protected]>
cc:
Subject: SF Gate: Text of Gov. Gray Davis' energy speech
----------------------------------------------------------------------
This article was sent to you by someone who found it on SF Gate.
The original article can be found on SFGate.com here:
http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/04/05/state2108EDT0315.DTL
----------------------------------------------------------------------
Thursday, April 5, 2001 (AP)
Text of Gov. Gray Davis' energy speech
The Associated Press
, , -- (04-05) 18:08 PDT Here is the text of Gov. Gray Davis' televised
speech on energy Thursday, as prepared for delivery:
"Good evening. I'm speaking to you tonight from Sacramento on the most
difficult issue facing California: our energy crisis.
"Simply stated, we have two problems: supply is too low and costs are too
high. Both result from the flawed deregulation scheme created in 1996. But
no matter how we got into this mess, you hired me to solve problems. And
that's what I'm doing.
"The only long-term solution is to build more power plants. We must also
cut back on consumption and stabilize the utilities. But prices won't fall
and supply won't be truly reliable until we generate more power than we
consume.
"Yet in the 12 years before I took office, not a single major power plant
was built in California. Not one. Since I became governor, we've licensed
12 major power plants. Ten more are in the pipeline. And we're doing this
without weakening our commitment to clean air and clean water.
"Deregulation required the utilities to sell off many of their power
plants to independent generating companies. The generators are free to
charge whatever they want because they're governed only by federal
regulators who refuse to control wholesale energy prices.
"This past winter, the prices charged by the generators shot through the
roof, driving the utilities to the brink of bankruptcy.
"In January, with the feds still refusing to do their job, California
stepped in to purchase the power the utilities could no longer afford to
buy. We didn't take over to save the utilities. We took over to keep the
power on and the economy strong. That's not all:
-- We also negotiated long-term contracts for electricity at vastly lower
prices.
-- I used my emergency powers to seize control of low-cost power contracts
the utilities were about to forfeit to the generators.
-- We began negotiations to buy the utilities' transmission system.
-- We cut red tape and offered cash incentives to speed up construction of
power plants.
-- We're launching an $800 million conservation program.
-- We're moving to establish a public power authority to build more power.
If the private sector fails to build all the plants California needs,
we'll build them ourselves.
-- And because I share your concern that the generators are ripping us
off, we're using every legal remedy to root out and punish illegal
conduct.
"We can't fix 12 years of inaction overnight. But we're making real
progress.
"Now, as you know, I have fought tooth and nail against raising rates.
It's become increasingly clear, however, that with rising natural gas
prices, the feds' failure to control costs, and the state's lack of
supply, that some rate increases are needed to keep our lights on and our
economy strong.
"But I remain committed to protecting average Californians from massive
rate hikes. So I'm urging the Public Utilities Commission to adopt a plan
that will protect average consumers, reward those who conserve and
motivate the biggest users to cut back.
"Under my proposal, more than half of you won't pay a penny more. For the
rest, the average increase will be 26 1/2 percent. For many of that group,
rates will rise only about 10 percent. The heaviest users will see their
rates rise 34 1/2 percent on average. That includes business paying their
share. This is in addition to the 9 percent surcharge we've all been
paying since last winter.
"But all Californians can reduce their bills through conservation.
"Here's the point: The more you use, the more you pay. The more you
conserve, the more you save. Conservation is our best short-term weapon
against blackouts and price-gouging. By flexing your power, you'll help
secure our energy future.
"Unlike the PUC, my plan includes funds to restore the utilities to
financial stability -- if they agree to three main conditions:
"They must provide low-cost regulated power to the state for 10 years.
Agree to sell us their transmission system. And dismiss their lawsuits
seeking to double your electricity rates.
"My proposal raises rates fairly, assures us of long-term power,
stabilizes the utilities and promotes conservation.
"Our emphasis on conservation is critical. In order to make it through the
summer, we must cut demand by at least 10 percent.
"Already we've launched programs to cut back commercial lighting, and
reduce consumption in office buildings, schools and government facilities.
"Friends, we have a power shortage but we are far from powerless. We are
34 million strong and if each of us does our part, we can minimize
disruptions and get through the summer. We are Californians. We've
withstood earthquakes, floods, fires, and droughts.
"Yes, this mess is man-made, but with your help and God's blessing, we'll
get through this as well.
"Thank you and good night."
----------------------------------------------------------------------
Copyright 2001 AP |
west volumes and eol trades look hopeful. we are still kicking ice's butt.
-----Original Message-----
From: Alport, Kysa
Sent: Wednesday, November 14, 2001 4:36 PM
To: Alonso, Tom; Badeer, Robert; Belden, Tim; Crandall, Sean; Driscoll, Michael M.; Fischer, Mark; Mallory, Chris; Morris, Jeremy; Motley, Matt; Platter, Phillip; Purcell, Mike; Richter, Jeff; Salisbury, Holden; Scholtes, Diana; Swerzbin, Mike; Williams III, Bill
Subject: November Data for 11/14/01
Total Trades for Day 572
EOL Trades for Day 404
ICE Trades 3
EPMI ICE Trades 41
EOL Deals From: 11/01/2001 To: 11/14/2001 EnPower From: 11/01/2001 To: 11/14/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 390 6,063,856 EPMI Long Term California 38 1,276,554
EPMI Long Term Northwest 209 3,011,800 EPMI Long Term Northwest 83 2,804,626
EPMI Long Term Southwest 289 6,673,591 EPMI Long Term Southwest 209 8,144,373
EPMI Short Term California 1,143 1,478,048 EPMI Short Term California 428 1,094,049
EPMI Short Term Northwest 682 865,800 EPMI Short Term Northwest 281 528,489
EPMI Short Term Southwest 881 1,271,152 EPMI Short Term Southwest 447 1,818,063
Real Time 816 20,700 Real Time 294 27,222
Grand Total 4,410 19,384,947 Grand Total 1,780 15,693,376
EOL Deals From: 11/14/2001 To: 11/14/2001 EnPower From: 11/14/2001 To: 11/14/2001
Desk Total Deals Total MWH Desk Total Deals Total MWH
EPMI Long Term California 17 276,000 EPMI Long Term California 2 20,000
EPMI Long Term Northwest 32 555,600 EPMI Long Term Northwest 7 251,233
EPMI Long Term Southwest 53 1,095,125 EPMI Long Term Southwest 8 366,245
EPMI Short Term California 107 216,008 EPMI Short Term California 53 158,968
EPMI Short Term Northwest 80 89,160 EPMI Short Term Northwest 32 33,276
EPMI Short Term Southwest 68 77,200 EPMI Short Term Southwest 43 143,601
Real Time 47 1,175 Real Time 23 1,196
Grand Total 404 2,310,268 Grand Total 168 974,519
EOL Deals From: 11/14/2001 To: 11/14/2001 EOL Deals From: 11/14/2001 To: 11/14/2001
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: 11/14/2001 To: 11/14/2001
EPMI California Services Total Deals Total MWH
Daily 0 0
Month-to-Date 0 0
Enpower daily deals 0 0
ICE Volumes From: 11/14/2001 To: 11/14/2001
Delivery Point Total MWH EPMI MWH Price
Cob (P, Next Day) 400 0 $ 22.75
Mid C (P, Next Day) 2,000 400 $ 19.15
Mid C (OP, Next Day) 1,000 0 $ 16.72
Mid C (P, Bal Month) 14,400 0 $ 21.43
Mid C (P, Dec-01) 90,000 0 $ 32.54
Mid C (P, Jan-02) 20,800 0 $ 33.00
NP-15 (HE 1700) 25 0 $ 27.50
NP-15 (HE 1900) 50 0 $ 28.50
NP-15 (HE 2100) 50 0 $ 25.50
NP-15 (HE 2200) 50 0 $ 25.50
NP-15 (P, Next Day) 4,800 800 $ 24.30
NP-15 (OP, Next Day) 2,600 400 $ 17.18
NP-15 (P, Bal Month) 9,600 0 $ 25.75
NP-15 (P, Dec-01) 60,000 0 $ 32.67
NP-15 (P, Jan-02) 10,400 0 $ 33.70
Palo (HE 1700) 25 0 $ 21.00
Palo (OP, Next Day) 1,400 0 $ 12.50
Palo (P, Next Day) 10,000 0 $ 18.71
Palo (P, Bal Month) 72,000 0 $ 22.62
Palo (OP, Dec-01) 25,800 0 $ 19.33
Palo (P, Dec-01) 70,000 0 $ 27.20
Palo (P, Jan-02) 62,400 0 $ 29.41
Palo (P, Mar-02) 10,400 0 $ 29.25
Palo (P, Jun-02) 10,000 0 $ 41.25
Palo (P, Jul-02) 10,400 0 $ 54.50
Palo (P, Aug-02) 32,400 0 $ 61.00
Palo (P, Sep-02) 28,800 0 $ 47.67
Palo (P, Apr-02) 10,400 0 $ 30.00
Palo (P, Q1 02) 30,400 0 $ 29.25
Palo (P, Q2 02) 61,600 0 $ 35.00
Palo (P, Q3 02) 30,800 0 $ 55.00
SP-15 (HE 1100) 25 0 $ 26.50
SP-15 (HE 1700) 25 0 $ 26.75
SP-15 (HE 1900) 50 0 $ 28.50
SP-15 (P, Next Day) 6,000 0 $ 24.07
SP-15 (OP, Next Day) 1,200 0 $ 16.50
SP-15 (P, Bal Month) 19,200 0 $ 24.90
SP-15 (OP, Dec-01) 17,200 0 $ 22.25
SP-15 (P, Dec-01) 40,000 0 $ 30.13
SP-15 (P, Q1 02) 91,200 0 $ 32.17
SP-15 (P, Cal 03) 122,800 0 $ 44.50
Grand Total 980,700 1,600 $ 1,196.15 |
To signatories to the Comprehensive Settlement for SoCalGas & SDG&E:
A few more "errata" I plan to make, absent objection:
A. Creditworthiness Sections (1.2.3.2 and 2.2.3.2):
In 1.2.3.2 on p.21, under b., subitem ii. should have "or" inserted at the
end of the subitem and the "or" at the end of subitem iii. should be
stricken (so that the reports or forms listed in i., ii., and iii. are
alternatives to each other (customer only has to provide one of the three)
and subitems iv. and v. are additional required items).
In 2.2.3.2 on pp.36-37, make parallel changes in the "or"s as stated above.
On p.22, under h., subitems i. through v. should be indented more than h.
and then items j), k) and l) should be renumbered i., j., k. (this will then
match section 2.2.3.2, which has the correct spacing/alphanumbering).
On p.22 and p.37, we'd like to drop the reference to "U.S." in the reference
to a letter of credit issued by a major "U.S." financial institution.
SoCalGas has realized that it has already had dealings with Canadian or
other foreign-owned customers where it was reasonable to rely on letters of
credit from major financial institutions of the parent's country. (This
should be ok with Paul Amirault, eh?)
B. Btu content
On pp.10 (twice) and 31, the settlement says we are assuming 1,016 Btu/mcf
for the heating value of gas (subject to revision by Commission during term
of settlement). We have the wrong units. It is 1,016 Btu per cubic foot,
not per thousand cubic feet. We'd propose to change the number to 1,016
Btu/cf (not "1,016 Btu/mcf") On p.33, we got the units right the first time
and don't need to change them on that page.
Again, I'd appreciate you getting back to me or Brian Cherry by noon Friday
if you have any problem with the above changes.
-- Glen Sullivan
-----Original Message-----
From: Sullivan, Glen J.
Sent: Wednesday, April 26, 2000 12:58 PM
To: 'MBD'; 'Leslie, John'; 'Elsesser, Evie'; 'McCrea, Keith'; 'Pocta, R.
Mark'; 'Dasovich, Jeff'; 'Beach, Tom'; 'Burkholder, John'; 'Amirault,
Paul'; 'Alexander, Michael'; 'Chancellor, Craig'; 'Dingwall, B.';
'Douglass, Dan@SES'; 'Fawcett, Jeff'; 'Porter, Doug'; 'Rochman,
Michael'; 'Counihan, Rick'; 'Bayless, David'; 'Paul, Joe'; 'Jimison,
John'; 'Foss, Robert'; McVay, Nancy W - TPNWM; 'Scott, Susan'; 'Karp,
Joe'; 'Johnson, Pamela'; 'gileau, patrick'
Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
Follett, B. David - TPDBF; Brill, Thomas R.; Van Lierop, Jan - TP2JXV;
Harrigan, James P. - TP1JPH; Sakarias, Wayne P.; Purves, Ralph A.;
Teeter, James S.; Watson, Steven - TP2SAW; Cherry, Brian - TPBKC;
Whitaker, Sue
Subject: RE: Gas Industry Settlement
To signatories to the Comprehensive Settlement:
ALJ Biren has given us until Friday of this week (April 28, 2000) to file
"errata" to the Comprehensive Settlement.
So far, I am planning to make the following non-substantive changes:
1. The table of contents was seriously messed up by an "automatic update"
feature in Word just before we duplicated and filed. I will be putting it
back to the state you saw in the final draft.
2. On p.7, section 1.12, put a period at the end of the last sentence.
3. On p.9, section 1.1.3.1, two thirds of the way down the page, I will be
changing "subject to adjustment annual by the base rate PBR formula" to
"subject to adjustment annually by the base rate PBR formula".
4. On p.27, section 1.5.4, in the third full paragraph on the page, I will
be changing "If only one customer has an OFO day" to "If only one customer
class has an OFO day".
5. Also on p.27, section 1.5.4, bottom line on the page, I will be filling
in the blank with "C" (so it reads "Appendix C")
In the category of "maybe substantive",
1. On p.10, section 1.1.3.2, three lines from the bottom of the page, the
date "October 1, 2000" would be changed to "October 1, 2001". This sentence
refers to including the cost of backbone transmission for core customers
buying gas from SoCalGas in the "procurement" rate. Obviously, our intent
was to do that only once we had unbundled backbone transmission, which
happens on October 1, 2001.
In the category of "substantive":
1. Our capacity term sheet had said that we would unbundled "additional"
(non-reliability) storage for CTAs effective upon implementation of the
settlement (See p.4). The filed settlement managed to drop the section that
provided for this option for CTAs prior to the principal storage change on
April 1, 2001. (The filed settlement is ok for the period starting April 1,
2001). So, to be consistent with the term sheet, we need to insert
something back into the settlement to allow CTAs to opt out of
non-reliability storage in the period from the effective date (90 days after
approval) to April 1, 2001. Obviously, this may not be a very long period.
John Leslie has suggested inserting at the very beginning of Section
5.4.4.3: "In the partial storage year beginning on the effective date of
this Settlement Agreement, and....[continue with current text]." We would
need to cover as part of implementation filings the exact mechanism/pricing
for SoCalGas purchasing gas in storage owned by CTAs if they opt out of
nonreliability storage prior to April 1. 2001. SoCalGas and SDG&E are ok
with John's language and want to make sure it is ok with other signatories.
If you have any problems with any of these changes, please contact me or
Brian Cherry by noon on Friday, April 28. My email is [email protected]
and my phone is (619) 699-5162. Brian's email is [email protected] and
phone is (213) 244-3895.
We are looking at the possibility of two or three additional changes, and
Brian may send you a follow-up message.
-- Glen Sullivan
Sempra Energy Law Dept. |
sounds good just let me know
"K. Bass" <[email protected]> on 02/09/2001 12:40:21 PM
Please respond to "K. Bass" <[email protected]>
To: [email protected]
cc:
Subject: Re: Re:Mandell
I called and left a message for Huldy for a 2:30 appt. Dad and I are going
to a movie so I won't be here for a few hours. I'll call and try for a 2:00
at Mandell. O.k. with you? LU-M
----- Original Message -----
From: <[email protected]>
To: "K. Bass" <[email protected]>
Sent: Friday, February 09, 2001 10:05 AM
Subject: Re: Re:Mandell
>
> we can hold off on seeing the w alabama house. just let me know about the
> time for tomorrow
>
> e
>
>
>
>
> "K. Bass" <[email protected]> on 02/09/2001 08:34:43 AM
>
> Please respond to "K. Bass" <[email protected]>
>
> To: [email protected]
> cc:
> Subject: Re: Re:Mandell
>
>
> Good deal. I think you'll like Bob but, like Dad said, don't feel
> obligated. Don't forget to put the contracts in a folder/envelope and
> bring
> them along. How many copies did you make? I'll call the realtors and see
> about tomorrow. Did you want to see 400 W. Alabama again? It's usually
> open on Sunday. LU-M
> ----- Original Message -----
> From: <[email protected]>
> To: "K. Bass" <[email protected]>
> Sent: Friday, February 09, 2001 7:19 AM
> Subject: Re: Re:Mandell
>
>
> >
> > Hey Mom,
> > I would like to see the Mandell and the Huldy - preferably tomorrow
> before
> > 4ish. Let me know if that works for you. Dad is welcome to see
> whichever
> > houses he would like.
> >
> > FYI, I am meeting with Bob Dunn today after work, and I made copies of
> the
> > contracts.
> >
> > L,
> > E
> >
> >
> >
> >
> > "K. Bass" <[email protected]> on 02/09/2001 06:43:42 AM
> >
> > Please respond to "K. Bass" <[email protected]>
> >
> > To: [email protected]
> > cc:
> > Subject: Re: Re:Mandell
> >
> >
> > Hi Eric,
> >
> > Do you want me to check with the realtors to see if those houses are
open
> > this weekend and, if not, do you want me to make appts.? Let me know.
> > I'll
> > do that today. I would like Dad to see Mandell but that's up to you.
He
> > can't do it today, I don't think. But, if you would like to see
> something
> > today, I'll try to arrange it. I would prefer to see all of them the
> same
> > day but I will leave the up to you. I didn't want you to think that I
> have
> > forgotten about you. Did you download the contract and make copies?
> LU-M
> > ----- Original Message -----
> > From: <[email protected]>
> > To: "K. Bass" <[email protected]>
> > Sent: Wednesday, February 07, 2001 2:45 PM
> > Subject: Re: Re:Mandell
> >
> >
> > >
> > > no i haven't driven by yet. i would like to see the mandell house
> again
> > > before putting a contract in on it.
> > >
> > > -e
> > >
> > >
> > >
> > >
> > > "K. Bass" <[email protected]> on 02/07/2001 02:45:35 PM
> > >
> > > Please respond to "K. Bass" <[email protected]>
> > >
> > > To: [email protected]
> > > cc:
> > > Subject: Re: Re:Mandell
> > >
> > >
> > > Did you drive by Huldy? If so, what did you think?
> > >
> > > We can do a contract whenever you want. Did you call B. Dunn?
> > >
> > > Talk to you later. Love, Mom
> > > ----- Original Message -----
> > > From: <[email protected]>
> > > To: "K. Bass" <[email protected]>
> > > Sent: Wednesday, February 07, 2001 11:11 AM
> > > Subject: Re: Re:Mandell
> > >
> > >
> > > >
> > > > I am fine with seeing more houses before buying but was thinking
that
> > it
> > > > might be a good idea to get the ball rolling on the Mandell house
> (i.e.
> > > low
> > > > ball contract). This does not mean that I am wanting to buy right
> away,
> > > but
> > > > more of testing the market and resolve of sellers. Let me know when
> > you
> > > > are available to see more houses. I am free whenever, except for
> > > Saturday
> > > > after around 4 pm.
> > > >
> > > > L,
> > > > E
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > "K. Bass" <[email protected]> on 02/07/2001 10:19:51 AM
> > > >
> > > > Please respond to "K. Bass" <[email protected]>
> > > >
> > > > To: [email protected]
> > > > cc: "Larry W. Bass" <[email protected]>
> > > > Subject: Re: Re:Mandell
> > > >
> > > >
> > > > It's been so long since we talked, I don't know what I'm supposed to
> be
> > > > doing.
> > > >
> > > > Just finished real estate school and learned a few things - well, my
> > > memory
> > > > was refreshed. Re: precertification for a loan. A non-committal
> > > response
> > > > from an online source does not mean that you are precertified. And,
> > you
> > > > must be real careful about all conditions relating to said loan.
Dad
> > > > thinks
> > > > you should call Bob Dunn (call Dad for number.). Bob is in the
> > mortgage
> > > > business and is a good guy to have on your side. His office is near
> > San
> > > > Felipe and Voss. You should probably get this ball rolling so you
> are
> > > > ready, don't you think?
> > > >
> > > > I am busy today but let me know if you want to see anything Friday.
> We
> > > > could wait until the weekend to see what's open and make appts. for
> > > > whatever
> > > > else you want to see. I recommend that you see a few more before
> > making
> > > an
> > > > offer but that is up to you.
> > > >
> > > > Let me know what I can do. LU-M
> > > > ----- Original Message -----
> > > > From: <[email protected]>
> > > > To: <[email protected]>
> > > > Sent: Wednesday, February 07, 2001 9:11 AM
> > > > Subject: Re:Mandell
> > > >
> > > >
> > > > > Any news?
> > > > >
> > > > > -e
> > > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>
> |
---------------------- Forwarded by Keith Miceli/Corp/Enron on 06/05/2000
12:43 PM ---------------------------
Keith Miceli
06/05/2000 09:52 AM
To: Diomedes Christodoulou/SA/Enron@Enron, J Mark Metts/NA/Enron@Enron@ECT,
Mark Palmer/Corp/Enron@ENRON
cc:
Subject: Communication Plan Preparatons
Gentlemen: The California Project is now moving from phase I into phases II
with respect to commuication/PR activities:
Phase I--No major leak/"no comment policy". The only communications
responses (ESA Employee Memo, Employee Q&As for Elektro and Cuiaba, and
Q&Asfor vaious stakeholders) required to date were prompted by the TV (Bom
Dia) news story and Gazeta Mercantil article.
Phase II--Major leak requiring disclosure. While prospective buyers have
signed CAs, there's always the possibility that news of the Project and/or
elements from the IM could be leaked--either inadvertently or by design.
While this scenario is unlikely, we need to be prepared to respond before
there is an actual sale of assets. A draft press release has been prepared
for Ken Lay, confirming that Enron is considering the sale of its assets in
South America. There is also a set of generic Q&As, which is being expanded
to include stakeholder-specific Q&As. The ESA Employee Memo (May 8) is also
being modified.
Phase III--With the IM out, CAs signed and data rooms open, we should begin
to implement parts of the Communication Rollout Plan to demonstrate the
strength/success of the business strategy, limit speculation and provide
greater sense of certainty to important stakeholders. The activities that we
can undertake now, include:
? Contact lists--Develop comprehensive contact lists of all
audiences/stakeholders. Include names, addresses, phone, fax,, and email.
Put into Excel format. Identify who internally "owns" each list.
? Speaking platforms--Develop list of speaking opportunities to introduce
Enron's business model and announce our regional strategy.
? Audience communications map*Develop a matrix that details the specific
communications strategy for key stakeholder audiences. It should cover:
? *Timing: when should this audience be communicated with, e.g., before
public announcement, simultaneous with public, etc.
? *Form: what form should the communication take, e.g., written,
face-to-face, e-mail, conference call, employee meetings, etc.
? *Content: what is the message to be delivered
? *Responsibility:who,s responsible for creating communication; who within
company will deliver communication
? Communications training/message delivery preparation -- Key company
spokespeople need to be prepared to delivery the strategic messages regarding
transactions, but also to deftly handle difficult questions from employees,
analysts, customers and the media regarding the company's ultimate plans for
the region. It will be essential that all spokespeople are delivering the
same message and are well prepared for difficult situations.
? Fact sheets on individual assets ) The information can be pulled from the
IM. Developing fact sheets on each asset will enable them to be packaged in
any combination-- depending on the ultimate transaction.
? Vision piece*The existing white paper on company strategy would be revised
to explain the rationale behind the strategy, future expectations for the
region, and intentions regarding employees and customers.
? Press kit shell:
*Press release ) can be drafted with blanks for key details
*Fact sheet on deal (template) ) assets involved; background on buyer/seller;
costs and sales terms; employees; customer base; revenue
*Asset fact sheets (see above)
*Vision (see above)
*Information buyer
*Information on Enron/ESA
? Q&A ) There are certain questions that will need to be answered regardless
of the situation; a master set of Q&A can be developed and then be broken up
and used as needed depending upon situation and audience.
Employee Issues
What happens to employees?
Will employees lose their jobs? If so, how many?
What if I don,t want to work under the new owner?
What role will Jim and Diomedes play following sale?
Customer & Business Partner Issues
How will customers be affected by transaction?
How will ESA business partners be affected?
Do business partners have any say in whether transaction should go forward?
Approval Process
Who has to approve the sale?
What is the regulatory/approval process? How long will this take?
Enron and ESA Strategy
What happens to ESA?
What business will you be in, in South America?
Will Enron repeat this process in other parts of the world?
What happens if not all of ESA assets are sold?
Financial Implications
What is the total anticipated price for all of the assets?
How much of company,s holdings does this represent?
What is the impact on shareholders?
How will the money be reinvested?
I would appreciate feedback on the proposed workplan, so I can make the
appropriate changes and begin completing the above tasks. Diomedes, I know
that you and Mark are super busy, but I,m available to meet with you at your
convenience. It would also be extremely valuable for me to reinitiate the TA
support from Sue Garman. I,ve kept her posted on developments, so she,s
prepared to &hit the ground running.8 Lastly, Mark, with so many of the
rollout activities involving HQ, I would like a chance to discuss how to
organize a team effort to accomplish the many and varied activities.
Regards, Keith |
How do you like these apples?
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, November 13, 2001 10:34 AM
To: [email protected]
Subject: An article from CBS.MarketWatch.com
This story was sent to you by [email protected] with these comments:
just saw this. HUN
From CBS.MarketWatch.com, online at:
<http://www.marketwatch.com/news/story.asp?siteID=yhoo&guid=%7B9490A893%2D4795%2D4A61%2D9B4B%2D268C6F0C34DC%7D>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/images/branding/MKTW/NEW-EMAIL-header.gif> CBS.MarketWatch.com <http://cbs.marketwatch.com/news/default.asp?siteid=mktw&dist=> <http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> <http://www2.marketwatch.com/images/branding/MKTW/border-vert.gif> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> Quotes & News <http://cbs.marketwatch.com/1.gif>
symbol/fund/keyword
<http://cbs.marketwatch.com/1.gif>
Find Symbol <http://cbs.marketwatch.com/tools/quotes/lookup.asp?siteid=mktw&dist=>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> <http://ad.doubleclick.net/jump/email.cbsmw.com/emailbuddy;sc=emailbuddy;pos=anihead;ptile=1;sz=468x60;ord=?> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif>
11:02 AM ET Nov 13, 2001 Latest Market Overview <http://cbs.marketwatch.com/tools/marketsummary/default.asp?siteid=mktw&dist=> <http://cbs.marketwatch.com/1.gif>
Enron's Lay could get $80M from deal
By Leticia Williams, CBS.MarketWatch.com Newswatch <http://cbs.marketwatch.com/news/default.asp>
More Headlines <http://cbs.marketwatch.com/headlines/headlines.asp?source=>
WASHINGTON (CBS.MW) -- As Enron and Dynegy await approval from regulators on the companies' proposed $9 billion merger, Enron Chief Executive Kenneth Lay finds himself in an enviable position.
Lay's employment agreement with Enron, which is set to expire Dec. 31, 2005, allows the executive to terminate his employment with the company 60 days prior to the Dynegy merger and receive a lump-sum payment of up to $80.8 million, according to a regulatory filing Tuesday.
<http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=ENE>
According to the terms of the employment contract, if Lay quits before a change of control at the company, he is entitled to a lump sum payment equal to the number of years left in his contract multiplied by $20.2 million.
The agreement also allots an amount to Lay for any tax-related penalties if the lump-sum payment is held to constitute an "excess parachute payment," according to the Securities and Exchange Commission filing.
Lay's original employment agreement with Enron was amended in August when he became CEO after Jeff Skilling resigned.
Enron's ( ENE <http://cbs.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=ENE>) shares fell 4 cents to $9.20 in recent trading.
Leticia Williams is a reporter for CBS.MarketWatch.com in Washington.
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif>
11:34 am ET Nov 13, 2001
<http://cbs.marketwatch.com/1.gif>
DJIA <http://cbs.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&sid=1643&ticker=DJIA&dist=> 9692.69 +138.32
NASDAQ <http://cbs.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&sid=3291&ticker=COMP&dist=> 1883.75 +43.62
SP500 <http://cbs.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&sid=3377&ticker=SPX&dist=> 1134.29 +15.96
10Yr <http://cbs.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&sid=11420&ticker=$TNX&dist=> 4.372% +0.58
<http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> <http://ad.doubleclick.net/jump/email.cbsmw.com/emailbuddy;sc=emailbuddy;pos=anihead;ptile=2;sz=125x615;ord=?> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif>
Front Page News <http://cbs.marketwatch.com/default.asp?siteid=&dist=snap>
U.S. investors show enthusiasm by snapping up stocks <http://cbs.marketwatch.com/news/story.asp?siteid=&dist=snap&guid=%7BC2FF1835%2DAF3E%2D4170%2DB516%2D3C2B3CE72690%7D>
Report: Taliban abandons Kabul <http://cbs.marketwatch.com/news/story.asp?siteid=&dist=snap&guid=%7B9C9AC766%2DB83E%2D4D8D%2D836D%2DC0A975439C69%7D>
Oracle issues quarterly warning <http://cbs.marketwatch.com/news/story.asp?siteid=&dist=snap&guid=%7B2BFEA3EA%2D191C%2D484F%2DBEBE%2DCD09AE2D3447%7D>
Infineon sees more losses, shares rise on PC hopes <http://cbs.marketwatch.com/news/story.asp?siteid=&dist=snap&guid=%7B21C0ACCE%2D9E9D%2D44EB%2DA15F%2D48A0565A2DC9%7D>
<http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif>
Intraday data provided by S&P Comstock <http://www.spcomstock.com/> and subject to terms of use. <http://cbs.marketwatch.com/support/terms.asp?siteid=mktw>
Historical and current end-of-day data provided by FT Interactive Data. <http://www.ftinteractivedata.com/>
.
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/images/branding/MKTW/border-bottom.gif> <http://cbs.marketwatch.com/1.gif>
<http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> <http://cbs.marketwatch.com/1.gif> |
---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
10/03/2000 09:32 AM ---------------------------
[email protected] on 10/03/2000 07:09:45 AM
To: [email protected], [email protected],
[email protected]
cc:
Subject: True Orange Fax/E-Mail #92
---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 10/03/2000 07:18 AM
---------------------------
[email protected] on 10/02/2000 09:57:39 PM
To: [email protected]
cc:
Subject: True Orange Fax/E-Mail #92
True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #92, Monday, October 2, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536
No TV for Buffs; Brown Says Horns Need Best Game to Win Saturday
The Texas-Colorado game in Boulder on October 14 has been set for 2:30 p.m.
Austin time, and 1:30 Colorado time and it will not be televised. There is
no
possibility of a pay-per-view live telecast because that would conflict
with
the ABC Big 12 telecast and the Big 12's contract with ABC does not allow
such conflicts.
Incredibly, one of the games that was chosen over Texas-Colorado was Texas
A&M-Baylor.
* * * *
Coach Mack Brown said Monday the Longhorns "have to play better than we've
played so far this year to have a chance to win" Saturday's big game with
unbeaten Oklahoma.
"Josh Heupel is as good a quarterback as there is in the country," Brown
said. "They are running the ball much better this year, and they have a lot
of talent on both sides of the ball."
Heupel lit up the Texas defense for 17 points in the first quarter last
year,
but the Longhorns came back for a 38-28 victory. "I went to get a drink of
water and when I got back we were down by 17 last year," Brown quipped.
Brown said SS Lee Jackson should be able to play Saturday, but he said DT
Shaun Rogers is still questionable because of the sprained ankle he
sustained
in the victory over Houston. The Horns will return to practice Tuesday and
Brown said he'll know a lot more about the chances of Rogers being able to
play after he sees what he can do Tuesday.
Brown said Hodges Mitchell will continue to start at tailback, but he said
sophomore Kenny Hayter played well in gaining 122 yards against Oklahoma
State and will get a lot of playing time.
Hayter is a 215-pound power runner and Brown said "big backs wear the other
team down." Hayter made most of his yards against OSU in the second half,
and
Brown said he hopes the Horns will be able to run with some success
Saturday.
He didn't say who would start at quarterback, but he did say Major
Applewhite
is "looking more like the old Major every week." Applewhite underwent knee
surgery in January and Brown said Applewhite seems to be gaining more
confidence in the knee. "He made some plays off-schedule Saturday," Brown
said, adding that he will need to make some more off-schedule plays
Saturday
to give the Longhorns a chance to win.
Brown said Applewhite's quick recovery has been a surprise. "I wasn't even
sure he would be able to play until mid-season," he said.
He also said the Longhorns are much deeper in the secondary than they have
been, and he said that will help a lot against Oklahoma because of the
Sooners' league-leading passing attack. He said cornerbacks Quentin Jammer
and Roderick Babers "have really improved our secondary." He also noted
that
defensive coordinator Carl Reese can use Ahmad Brooks and Ervis Hill, last
year's starting cornerbacks, in his nickel and dime packages on obvious
passing downs. Of course, against Oklahoma, any down can be an obvious
passing down.
Brown also said the Longhorn fans were a big factor in the team's comeback
win last year against OU. "They stayed positive when we fell behind," he
said.
* * * *
RECRUITING NOTES: QB Brent Rawls, 6-5, 195, 4.7, of Shreveport Evangel,
said
he really enjoyed his official visit to Texas last weekend, but he said he
wants to take an official visit to Florida State the Oct. 14 weekend before
making a decision. He also has taken an official visit to Purdue and the
Boilermakers are very much in the picture because Rawls says they don't
have
as many young quarterbacks as Texas. . . DE Kevin Everett of Port Arthur
Jefferson came to the game OSU game on an unofficial visit, and said he had
a
great time. But he said he wants to make some official visits before
committing to anyone. . . QB Matt Nordgren of Dallas Bishop Lynch says he
would like to come to a Texas practice this week or next week. He visited
LSU
last weekend and had a great time, but he still says the Longhorns are his
No. 1 choice. He might commit to Texas when he comes to the team practice.
Nordgren is the best QB prospect in Texas and Rawls is the top one in
Louisiana, so the Horns just need to be sure they get one of them. . .
Super
LB Derrick Johnson of Waco had an incredible 30 tackles Friday night in his
team's loss to powerful Tyler John Tyler.
* * * *
My next fax/e-mail 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] |