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Thank you for keeping us in the loop on this. D&B data will become one of
our most important sources. As you suggest, the intent is to use this data
along with other available date to generate a price for credit. The price
will be published externally (likely for a fee and as a free service) via the
web or via automated processes.
Option 3 appears to be the best solution for us given our desire for as up to
date data as possible. Stuart is working with the credit team to define
additional data elements but the credit score and financial score are likely
what we are looking for. Alternatively, if it is possible to obtain the
actual data that is used to generate the score that would allow us to
generate our own score in addition to D&B's. We will need the Global Failure
Score as well. Currently we are active in Europe as well as the US and
expect to move towards Asia and Austrailia over time. Hopefully, this data
is available via D&B Connect.
Another consideration is the term of contract. We would likely prefer a
longer term contract so that if they decide they don't like what we are doing
with the data, we cannot be cut off. Does it make sense from your
perspective to approach D&B to be our long term, strategic providor of
customer data. This would likely make their deal maker look good in his
boss's eyes, give you lot's of negotiating ability and give a us the long
term preferential contract that we are looking for.
Let's discuss further.
bryan
Mary Solmonson
05/05/2000 19:25
To: John Sherriff/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT
cc: Philippe A Bibi/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Stuart
Ffoulkes/LON/ECT@ECT
Subject: Dun & Bradstreet Info for Credit Trading
I have received preliminary information from D&B. I think several
issues/questions have been raised that if explored, could result in a better
solution for the money.
Option 1
The update frequency for our current file can be improved from quarterly to
monthly for a cost of $87,000 (USD) through March, 2001.
Option 2
I wasn't sure what specific data in the file you might be interested in. If
you are particularly interested in the Financial Stress Score and Credit
Score, for example, there are multiple alternatives :
2a) Keep quartlery refresh of base data (party name, etc) and refresh scores
that are added/changed on a monthly basis. Cost - $1.17(USD) per
record. Note that there are 575,000 records in the file currently
with financial and credit scores, making this potentially a very expensive
alternative
(575,000 X 1.17=$ 672,750).
2b) Batch or FTP updates of the financial and stress scores can only be
provided monthly. D&B is working on a solution that would provide a
weekly update to their customers in a batch or FTP manner, but has
not committed to when this will be ready. Therefore, if more timely updates
than monthly are desired, it is also possible to
transactionally access records one at a time using D&B's software. The cost
for this is extremely high at $10.52 (USD) per score.
Option 3
D&B Connect Product.
D&B Connect is a tool set of matching software, an externally validated
reference file, credit and marketing information, and D&B services that
enables the most effective integration of customer information and
third-party information with D&B information. Only this type of process and
information integration capability can facilitate and ensure accurate
identification, linkage and maintenance of your customer's complete
relationship. In addition, D&B Connect assures organizations of
referential integrity by providing an automated and electronic link to D&B so
that the most recent D&B information is always transmitted to your
organization and updated within your local D&B Connect Reference File. D&B
Connect is scalable.
Cost Typically ranging from
* Customer Access Module (CAM) Batch- - $25,000
* CAM Online - $50,000
* Full Information Integrator - $350,000 + data
With more specifics as to your needs, this option should perhaps be pursued.
Questions/Issues
1) D&B had questions regarding the use of their data and whether Enron
customers would be offered this information for a fee or free. I explained
that I did not feel the data would be offered directly to Enron customers,
but that it would be used to support analysis that would be available
externally via web site, etc. All pricing above is based upon this
understanding. If I have not portrayed the usage correctly, it will be
imperative to get a better understanding before final pricing can be
negotiated.
2) Are there specific data elements that you are interested in ?
Alternatives may vary by data element. Financial Stress Score and Credit
Score reference above were explored as an example.
3) What is timeframe for needing a solution ?
4) Financial Stress Score and Credit Score are only available on U.S.
companies. A comparable measure - Global Failure Score (the liklihood of
default or bankruptcy) is available for international companies. This
rating score however, is NOT currently available via a batch or FTP manner.
This could result in additional cost if we wish to pursue obtaining this
score in a batch manner.
5) Pricing also varies whether the information is to be used for credit
analysis or risk management decisions versus for marketing purposes. This is
probably negotiable as the data is the same. The thought process is that if
the repository is used for credit or risk decisions, D&B will see decreased
usage and revenue on a transactional basis by the credit departments.
If you would like me to follow up further, please give me a call at
713-853-6079. |
-----Original Message-----
From: [email protected]@ENRON [mailto:[email protected]]
Sent: Thursday, April 12, 2001 2:34 PM
To: [email protected]
Subject: Rahil Jafry: USA: Persistent problems chinking Enron's armor.
USA:
Persistent problems chinking Enron's armor.
By C. Bryson Hull
04/12/2001
Reuters English News Service
(C) Reuters Limited 2001.
HOUSTON, April 12 (Reuters) - The teflon around energy and trading powerhouse
Enron Corp. is starting to show some scratches, as negative events over the
past few months from India to its broadband unit, begin to take their toll,
analysts say.
Make no mistake, Wall Street still sees the Houston-based giant as the energy
convergence sector leader. Analysts polled by Thomson Financial/First Call
still believe Enron will meet its earnings per share targets of $1.75 for 2001.
But the stock has dropped to its lowest levels since late 1999, a slide which
started with news that Enron's keystone broadband content deal with
Blockbuster Inc. had fallen apart.
The stock had traded in the mid-$80s as recently as February, before the stock
market's recent collapse and a string of negative news. On Friday, it traded
at $57.45 on the New York Stock Exchange, down $1.06 cents or 1.8 percent, and
well off its high of $90.56 last August.
"Their share price hasn't been bulletproof and that's what counts. They were
up pushing $90 and they're now in the $50s while the energy sector has done
quite well, so they have underperformed quite a bit and that doesn't seem
bulletproof to me," analyst Andre Meade of Commerzbank Securities said.
Meade said the price fall came as investors took the bad news out of Enron's
valuation, particularly in devaluing the broadband business.
"With broadband the market initially gave them full credit. But investors got
smart over the next year, and once you got some bad news out there, you could
argue that valuation was pulled," Meade said.
But the bad news neither starts nor ends there.
The latest negative item came Wednesday, when a California federal judge
ordered Enron to return the University of California and California State
University systems to direct power access, which Enron says will cost them $12
million a month.
The universities' lawsuit which claimed Enron Energy Services breached their
power management contract, could cast a shadow over the Houston-based
company's power risk management arm which recently saw a huge upsurge in
business involving similar multimillion dollar deals with large corporations.
Other bad news includes broadband layoff talk, failed water company spinoff
Azurix Inc.'s impending sell-off its North American assets, the failure of the
video on demand deal with Blockbuster, word that the $2 billion sale of
utility Portland General is unlikely to go through and continuing payment
problems at the Dabhol power plant in India.
That long-running dispute in India reared its head again on Monday. Enron
confirmed it issued a notice of political force majeure to the Maharashstra
State Electricity Board (MSEB), which has consistently defaulted on payments.
Force majeure is an event beyond the control of a contractual party that could
not have been prevented.
"It's one of the steps in the process of protecting our rights. It's one step,
but it's not the only step," Enron spokesman John Ambler said.
Enron has already invoked payment guarantees from the Indian national
government, but it has refused to cover MSEB's $21.9 million December bill
until Enron and MSEB settle another dispute over a fine. The MSEB wants the
$85.8 million fine, which it levied, to cover its outstanding bills.
LAYOFFS OR REDEPLOYMENTS?
Another nettling problem for Enron is news of trouble at Enron Broadband
Services (EBS), the cutting-edge unit that encompasses a nascent bandwidth
trading operation and a broadband content services business.
Most recently, Enron has had to answer questions about a reduction in the
number of employees at EBS because of the stock market's faltering confidence
in telecoms generally.
Two weeks ago, the company characterized word of layoffs at the broadband unit
as nothing more than an internal redeployment of staff to areas that were
growing at a higher rate.
"It's word games. Initially they said they were redeploying, and that was not
the word I heard from inside the company, but that was the way they put it.
It's probably a little of both," said analyst John Olson of Houston investment
house Sanders Morris Harris.
EBS spokeswoman Kelly Kimberly on Monday said 227 employees were leaving the
broadband unit to work in other areas of the company.
"Most of them have elected to go into the redeployment pool or are already
moved into corporate or another business," Kimberly said.
Kimberly did not have an exact figure on the number who have opted to take a
severance package, but characterized it as a small percentage.
It has been a rough few weeks for EBS, which also suffered from the
Blockbuster debacle. Last month, the two announced a mutual end to a 20-year
exclusive video on-demand deal, which had been considered a cornerstone of
EBS' content services push.
Folder Name: Rahil Jafry
Relevance Score on Scale of 100: 79
______________________________________________________________________
To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at [email protected] or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.)
______________________________________________________________________
Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved |
Bill....will have the draft to you in about 30 minutes....however, wanted to
note that the SoCalGas advice letter was filed on November 1, meaning that
our comments are due TOMORROW, and not today. When we were talking while I
was in the airport yesterday, I was thinking it was the 20th and not the
19th. Comments on advice letters are due 20 days after filing, meaning
TOMORROW.
Dan
Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd. Suite 244
Woodland Hills, CA 91367
Tel: (818) 596-2201
Fax: (818) 346-6502
[email protected]
----- Original Message -----
From: "Rapp, Bill" <[email protected]>
To: <[email protected]>
Sent: Friday, November 16, 2001 2:12 PM
Subject: FW: SCG Advice 2837-A
Dan,
This is a follow up to our telephone conversation of this
afternoon. The attachment, which apparently originated with you, is what
we will talk about during our conference call at 8:00 a.m. (California
time) on Monday. Thanks.
> -----Original Message-----
> From: Donoho, Lindy
> Sent: Friday, November 16, 2001 4:01 PM
> To: Rapp, Bill; Hass, Glen; Blair, Lynn; Harris, Steven; Kowalke,
> Terry; Lokey, Teb; Kilmer III, Robert; #99 Tech Support,; Watson,
> Kimberly; Lindberg, Lorraine; Lohman, TK
> Subject: FW: SCG Advice 2837-A
>
> After discussing with Lynn and Glen, we think that we would like to
> file comments in this proceeding concerning an issue we have had since
> this has been implemented on Nov 1. In instances where SoCal happens
> to call their OFO in the Intraday 2 cycle, it can cause Transwestern
> to have Shipper imbalances because we do not have an opportunity to
> pass-along these reductions to our upstream parties. We think we
> would like to file a letter that may mention our general support of
> the "direction" of SoCal's changes, but that we do have an issue that
> has developed since actual implementation that we are currently
> working on with them. Lynn & I worked on this rough general
> description we thought could be incorporated into a brief letter.
>
> "If SoCal calls an OFO in the Intraday 2 Cycle, an
> allocation is passed to Transwestern through the confirmation process
> with SoCal. Due to the timing of these OFO's, Transwestern is unable
> to confirm such reductions with Transwestern's upstream parties."
>
> Lynn thinks if we are unable to resolve this issue with SoCal, TW
> could have high Shipper imbalance exposure.
>
> -----Original Message-----
> From: Harris, Steven
> Sent: Wednesday, November 14, 2001 9:50 AM
> To: Donoho, Lindy
> Subject: FW: SCG Advice 2837-A
>
> Lindy , can you please take a look at this and let me know if we
> should file comments. Thanks. You might see if Glen has looked at it
> yet.
>
> Steve
>
> -----Original Message-----
> From: "Dan Douglass" <[email protected]>@ENRON
> Sent: Friday, November 09, 2001 5:02 PM
> To: Hass, Glen; Harris, Steven
> Cc: Gregg Klatt
> Subject: SCG Advice 2837-A
>
>
> Glen and Steve:
>
> The attached supplemental advice filing by SoCalGas replaces the
> changes to Rule 30, Transportation of Customer-Owned Gas, proposed by
> AL2837. The purpose of this filing is to describe the new internal
> receipt point operating procedures that SoCalGas is implementing, and
> to request Commission authorization to include the revised operating
> procedures in Rule 30. SoCalGas says this step is being taken in
> anticipation that it will be replaced with a system of firm tradable
> intrastate transmission rights in Gas Industry Restructuring (GIR)
> proceeding, I.99-07-003.
> During the GIR panel hearings, several parties requested that
> SoCalGas publish its windowing criteria in tariffs to facilitate a
> better understanding of the method used to allocate receipt point
> capacity. SoCalGas agreed to make such a filing, and D.99-07-015
> directed SoCalGas to file an advice letter adding windowing
> information to its tariffs. To comply with this directive, on August
> 6, 1999, SoCalGas filed AL2837, which has not been acted on by the
> Commission.
> Customer complaints about SoCalGas' windowing procedures have
> convinced SoCalGas that it should replace its internal windowing
> operating procedures with a system that is open to the maximum
> operating capacity at each SoCalGas receipt point. SoCalGas is making
> these internal operating changes effective November 1, 2001.
> SoCalGas held meetings with upstream pipelines on October 17, and
> with interested customers and stakeholders on October 18, regarding
> the upcoming changes. They were invited to ask any questions in the
> days leading up to the meetings.
> Comments and/or protests are due on November 21. Have a good
> weekend!
> Dan
>
> Law Offices of Daniel W. Douglass
> 5959 Topanga Canyon Blvd. Suite 244
> Woodland Hills, CA 91367
> Tel: (818) 596-2201
> Fax: (818) [email protected]
> <<mailto:[email protected]>>
>
> - AL2837-A.PDF <<AL2837-A.PDF>>
**********************************************************************
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.
********************************************************************** |
Hey everybody. Enjoy!
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Message-ID: <[email protected]>
From: "Chris Maley" <[email protected]>
Sender: "Chris Maley" <[email protected]>
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>
>
> > - The Dalai Lama said read it to see if it works for you.
> >
> > PERSONALITY TEST.
> >
> > Very interesting. Just 4 questions and the answers will surprise you....
> >
> > Do not cheat by looking up the answers. The mind is like a parachute
>works
> >
> > best when it is opened.
> >
> > This is fun to do, but you have to follow the instructions very closely.
> > Do
> > not cheat.
> >
> >
> >
> >
> >
> > MAKE A WISH BEFORE BEGINNING THE TEST!!
> >
> >
> >
> > A Warning! Answer the questions as you go along..
> >
> >
> >
> > There are only four questions and if you see them all before finishing
>you
> >
> > will not have honest results.
> >
> > Go down slowly and do each exercise as you scroll down. Don't look
>ahead.
> > Get pencil and paper to write your answers as you go along. You will
>need
> > it
> > at the end. This is an honest questionnaire, which will tell you a lot
> > about
> > your true self..
> >
> >
> >
> >
> >
> >
> >
> > Put the following 5 animals in the order of your preference.
> >
> > a. Cow
> >
> > b. Tiger
> >
> > c. Sheep
> >
> > d. Horse
> >
> > e. Pig
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Write one word that describes each one of the following:
> >
> > Dog
> >
> > Cat
> >
> > Rat
> >
> > Coffee
> >
> > Sea
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Think of someone (who also knows you and is important to you) that you
>can
> >
> > relate them to the following colors.
> >
> > (Please do not repeat your answer twice. Name just one person for each
> > color.)
> >
> > Yellow
> >
> > Orange
> >
> > Red
> >
> > White
> >
> > Green
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finally, write down your favorite number and your favorite day of the
> > week.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finished? Please be sure that your answers are what you REALLY WANT.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Look at the interpretations below: (but first before continuing, repeat
> > your
> > wish.)
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > This will define your priorities in your life.
> >
> > Cow signifies CAREER
> >
> > Tiger Signifies PRIDE
> >
> > Sheep Signifies LOVE
> >
> > Horse Signifies FAMILY
> >
> > Pig Signifies MONEY
> >
> >
> >
> > Your description of dog implies YOUR OWN PERSONALITY.
> >
> > Your description of cat implies the personality of your partner.
> >
> > Your description of rat implies the personality of your enemies.
> >
> > Your description of coffee is how you interpret SEX.
> >
> > Your description of the Sea implies your own life.
> >
> >
> >
> >
> >
> > Yellow: Someone you will never forget
> >
> > Orange: Someone you consider your true friend.
> >
> > Red: Someone that you really love
> >
> > White: Your twin soul
> >
> > Green: Someone that you will remember for the rest of your life.
> >
> >
> >
> >
> >
> >
> >
> > You have to send this message to as many persons as your favorite number
> > and your wish will come true on the day that you put. This is what the
> > Dalai
> > Lama has said about the Millennium -- just take a few seconds to read it
> > and
> > think.
> >
> > Do not put away this message, the mantra will come out from your hands
>in
> > the next 96 hours.
> >
> > You will have a very pleasant surprise. This is true, even if you are
>not
> > superstitious.
> >
> >
> >
> > Please do this. It is fascinating.
> >
> > SEND THIS E-MAIL MANTRA TO AT LEAST FIVE PERSONS AND YOUR LIFE WILL
> > IMPROVE
> >
> > 0-4 persons: Your life will improve slightly.
> >
> > 5-9 persons: Your life will improve to your liking.
> >
> > 9-14 persons: You will have at least 5 surprises in the next three weeks
> >
> > 15 or more persons: Your life will improve drastically and all that you
> > have always dreamed will take shape.
> >
> > If at any time you do not receive the smile you were expecting, be
> > generous
> > and give that person a smile.
> >
> > Because nobody has as much necessity of a smile than the person that
>does
> >
> > not know how to smile at others.
> >
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com |
Ruth Concannon told me we want to try and sell the parked gas on Sonat. This is what we have found out over the last 2 days.
ENA no longer has the ability to do nominations on Sonat's scheduling Christina Sanchez (ENA Scheduler) believes that under normal conditions, we can sell the parked gas on Sonat without doing any nominations. The party we sell the gas to would nominate the gas away from a specific PAL meter and reference our PAL contract as the upstream contract. Today I spoke with Tammi Depaolis at Sequent - she is interested in buying the gas and she might prepay for it. I need to know;
1. What volume to sell, I assume we are talking about 188,949 dth on deal #1222, which means we ignore the loaned volume of 96,000 dth on deal #1424.
2. What period do I sell the gas for? All out by March 31st subject to the operational conditions on the pipeline? Or base load in April? I prefer all out by March 31st but I would like to ask the pipeline if that's ok?
3. How many bids do I need to get? I called Sequent because I know they are active on Sonat.
4. This may not matter but did Sonat ever pay us for the gas ENA sold them in January 2002 (see items in red down below).
Tammi will probably check with the pipeline to see if its ok to take our gas. I don't want to sell gas to someone then find out the pipeline will not let them take it.
All of my previous notes are shown below in blue.
Summary: Sonat has netted our Parked Gas Balance with our Loaned Gas Balance and filed a motion with the courts to retain the remaining Parked Gas Balance, 92,949 dth per my conversation with Sonat, to offset $879,030.42 ENA owes Sonat for the purchase of gas in October 2001. According to Sonat, the payment was due November 26, 2001 but ENA did not pay. Sonat's motion is set to be reviewed by the court on March 6th.
2/19/02 History - Per Dave Dyer (205-326-2007) at Sonat
ENA has 2 Park & Loan (PAL) contracts with Sonat. All PAL's with Sonat are under master contract PAL1001. Sonat assigns a deal number to each deal under this contract.
Deal #1424 - ENA borrowed a total of 96,000 dth from Nov 3rd-5th and has not paid this back. ENA still owes Sonat 96,000 dth. The terms of the deal were to payback Sonat anytime with 3 days notice on any 3 days on 2002, SONAT ONLY CHARGED ENA $96.00 FOR THIS DEAL, because Sonat needed to get gas off the system.
Deal #1222 - ENA parked 309,192 dth in August to come out in Jan 2002. Sonat let ENA withdraw 42,951 on 11/29/01 leaving a balance of 266,241 dth. In Jan 2002, ENA withdrew 8,588 dth per day for the 1st-9th. That left a balance of 188,949 dth. On Jan 8th, 2002, Sonat sent a letter stating that Sonat will hold on to the remaining to balance to offset 1) the Loaned gas on deal #1424 (96,000 dth) and 2) to offset dollars ENA has not paid Sonat for gas Sonat sold to ENA in October 2001. According to Sonat, the remaining balance on this deal is 92,949 dth = [309,192 parked in Aug - 42,951 w/d in Nov - 77,292 w/d in Jan - 92,000 balance on #1424]. According to Sonat's letter, Sonat has filed the appropriate motion for court approval for the offsets. According to Dave, ENA is being billed $.00305 x daily balance in this account. ENA should have paid some bigger amount when the gas was parked in August.
Other items;
ENA purchased system supply from Sonat in October 2001. ENA purchased 286,998 at an average price of $3.063 = $879,030.42. According to Sonat, ENA did not pay for this before Enron declared bankruptcy. ENA also sold Sonat gas - 16,000 dth day at $2.885 (sitara #1172076) in January 2002 and 10,000 dth day at $2.955 in May 2002 (sitara #1172087). ENA used 77,292 dth of the parked gas on deal #1222 to supply the 16,000 dth before Sonat stopped ENA from withdrawing from the park. ENA defaulted on 418,708 dth of the Sonat deal in January.
Sonat's in house legal counsel is Patti Frances (205-325-7696). I left a message for Patti to call me.
2/20/02
Patti Frances returned my call. Patti said the motion is currently set to be reviewed by the court on March 6th. I asked Patti if there were any penalties for not performing on the Jan 2002 sale to Sonat and if Sonat was going to pay for the 77,292 dth (8,588 dth per day for Jan 1st - 9th) that ENA did supply. Patti said she didn't think there were penalties but she would verify that and see if they were going to pay. I also asked her if Sonat is still honoring the ENA sale to Sonat in May 2002 and if Sonat would pay ENA if ENA performed. She will check on it and call me back.
2/25/02
Per Kay Mann - Mark Ellenberg is the legal counsel assigned to this contract.
1:10 PM. Left a follow-up message for Patti Frances regarding our conversation on 2/20/02.
3/11/02
Per Ruth - Mark Ellenberg wants us to try and pull the gas out of the Sonat Pal. Christina Sanchez (ENA Scheduler) will find out 1) if we still have access to Sonat's EBB and 2) if we can nominate the gas out of the PAL's.
3/13/02
Per Christina - ENA's ID's and passwords have been cancelled. Christina called Barbara Gilbert (205-325-7310), ENA's account rep at Sonat - Barbara said she would talk about this issue with Sonat's legal counsel and see if its ok to set up ENA with an ID. Christina also believes we could sell the gas without doing any nominations. The party we sell the gas to would use a specific PAL's meter and reference our PAL contract as the upstream.
3:30 PM Tammi Depaolis (832-397-1728) at Sequent is interested in buying this gas and she might prepay to get it. She will see if they can take the gas without ENA doing a nomination. I need to verify the volume parked and when I want Sonat to take it out.
3:40 PM Barbara is waiting to hear from Sonat's legal department. |
BUSINESS HIGHLIGHTS
Enron Industrial Markets
The Transaction Development group (TD) is responsible for corporate
development, transaction execution and portfolio management activities within
EIM. TD is responsible for asset and corporate acquisitions to support EIM,s
efforts in the Forest Products and Steel industries. TD works with EIM,s
Forest Products and Steel Origination groups to structure and execute complex
transactions for EIM,s customers. TD also manages EIM,s equity investments,
such as EIM,s ownership position in Papier Masson, Ltee, a paper mill in
Quebec, Canada.
TD is comprised of approximately 20 professionals with a wide range of
backgrounds including investment banking, commercial banking, management
consulting, law, project development, accounting and engineering. In
addition, the majority of the analysts and associates within EIM work in TD
since it provides a strong base of deal experience for junior members of our
organization.
Enron Freight Markets
Enron Freight Markets has continued to expand the transportation services
offered to its customers and completed several flatbed truck moves outbound
from Georgia this week. There was a shortage of flatbed equipment supply in
this market and EFM was able to obtain more than three times the normal
margin on each move.
IN THE NEWS
"Enron's bilateral internet trading platform, EnronOnline, was launched in
November 1999 and is the largest e-commerce site on the planet based on the
value of its transactions. As EPRM went to press, it had average daily
trading volume of $3.5 billion, accounting for nearly 50% of the company's
revenues from wholesale marketing activities." -- Energy Power Risk
Management, May 2001
WELCOME
New Hires
EIM - Cheryl Lindeman
ENA - Chris Bystriansky, Paula Craft, Eugene Lee, Bhalachandra Mehendale,
Sarah Wooddy
Transfers (to or within)
ENA - Grace Taylor, Steven Irvin, Dina Snow
NUGGETS & NOTES
Enron is hosting the Chicago Energy Risk Management Seminar at The Drake
Hotel in Chicago on June 14, 2001. Topics include: Power Outlook, Natural
Gas Outlook, Hedging Strategies, Weather Risk Management and Pulp and Paper
Risk Management. The RSVP deadline is June 8th so please contact Laura Pena
as soon as possible at x 3-5376. This is a great event for "new" as well as
established customers. There will be a cocktail reception immediately after
the presentations. Enron will also be hosting seminars in Atlanta, Houston,
Denver and San Francisco. Dates to be announced soon.
Travel tip of the week:
Flights reserved through Travel Agency in the Park provide you with $150,000
of flight insurance at no additional charge.
EnronOnline Statistics
Below are the latest figures for EnronOnline as of May 29, 2001.
* Total Life to Date Transactions > 1,015,000
* Life to Date Notional Value of Transactions > $610 billion
NEWS FROM THE GLOBAL FLASH
Enron arranges first gas pipeline import into Italy
Enron has continued its pioneering activities in the Continental gas market
by arranging the first gas import into Italy. The Italian team worked with
the Continental Gas desk to arrange this strategically important agreement
with Blugas SpA., the wholesale gas company formed by the municipalities of
Cremona, Lodi, Mantova and Pavia in north-eastern Italy. Enron has sourced
100,000 cubic metres per day of natural gas from northern Europe to transport
to Italy, transiting it through Germany and Switzerland, despite fierce
resistance from Ruhrgas and TransitGas respectively.
Aside from isolated LNG imports by incumbent monopolies this is the first
time that any company has managed to import natural gas by pipeline into
Italy since the Italian gas sector was officially liberalised in August 2000.
The gas, which started flowing at 06.00 on Thursday 17th May 2001, will be
used to meet the needs of two thirds of Blugas' residential customers within
the four municipalities. The current contract lasts for five months.
Congratulations to Fabio Greco, Carsten Haack, Didier Magne, Michael Schuh,
Marco Lantieri and Daniela Uguccioni.
Enron in the Middle East
Enron has relinquished its stake in Dolphin Energy, the joint venture company
formed to develop gas reserves in Qatar.
Enron has agreed to transfer its 24.5 per cent stake in the project to the
United Arab Emirates Offset Group (UOG), the majority shareholder. The
agreement allows Enron to deploy capital elsewhere and gives UOG the
opportunity to seek new partners before the project moves into its next phase.
Development of the Emden/Oude gas hub moves ahead fast
An important milestone in the evolution of the new gas trading hub on the
Dutch-German
border was reached last week. Last Friday some of the major European gas
players held a meeting to officially establish the Emden/Oude gas hub.
Although Enron had already initiated the development of the Emden/Oude hub by
making a market through EnronOnline as early as December 2000, the goal of
this meeting was to set up a working group similar to the Zeebrugge focus
group who can work on setting a legal framework for the Emden/Oude hub.
Enron was elected as the only new market entrant in this group, reflecting
the high level of respect industry peers have for Enron as a major player in
the Continental gas market -- even from incumbents!
LEGAL STUFF
The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries. It is intended for internal use only
and should not be disclosed. |
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/07/2000 08:24
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <[email protected]>
08/07/2000 06:46 AM
To: "Golden, Mark" <[email protected]>, "Kim, Cheryl"
<[email protected]>, "Leopold, Jason" <[email protected]>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ BIG PICTURE: Wider Econ Risks In California's Power Woes
13:26 GMT 7 August 2000
=DJ BIG PICTURE: Wider Econ Risks In California's Power Woes
By John McAuley
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Hot weather and a still-robust economy have
intensified
electricity demand in the face of drum-tight power supplies in California,
the nation's
most populous - and, in economic terms, most important - state.
The resultant rolling "brown outs" and the potential for blackouts in the
future could have
a noticeable empirical and real impact on industrial production in
California and even in
the national statistics. Indeed, the impact is likely to be greatest in the
highest
value-added sectors: computers and computer components, two industries that
have
been a key engine of U.S. growth.
Not only that, electricity generation is an important proxy in the Federal
Reserve's
estimation of industrial production. So, the measurement of statistics
could be directly
affected.
About half of the industrial output contained in the industrial production
index is
compiled on the basis of actual output volumes - tons of steel, boardfeet
of lumber, or
millions of autos assembled, etc. For other forms of output, accounting for
about a
quarter of the index, contributions to total production are estimated based
on hours
worked data, with the implicit assumption that productivity - or the rate
of real output per
labor hour - doesn't change much over short periods of time in these
industries. But the
remainder of the index, about 26% according to a Fed economist, is
estimated using
electricity generation measures.
For this purpose, electricity generation is itself estimated from measures
of electric
power usage by industry. Here, as with productivity, the technical
coefficient, or the
amount of electricity input per unit of output, is assumed to be constant
over relatively
long periods.
As Usual, Things Are Different In California
California power companies, as part of the deregulation of the electric
power industry,
offer their business customers "interruptible rate plans". That means that
for a
discounted rate, customers "voluntarily" allow the power company to
interrupt their
power supply in times of peak demand.
Too bad.
The heat of summer combined with continuing strong economic activity has,
in fact,
resulted in widespread interruptions throughout California.
And there is a precedent for how such interruptions can have both a
statistical and real
impact on production: the San Francisco earthquake of October 1989.
That quake disrupted electricity generation, particularly south of the city
in Silicon
Valley. Largely as a result of that disruption, national industrial
production declined by
0.5% (0.6% in manufacturing) in October 1989.
The computer and semiconductor chip producers in Silicon Valley and
elsewhere in the
state are very heavy users of electricity. It is reasonable to expect that
their total
consumption of electricity, and their output, have skyrocketed since 1989.
This industry has a twofold importance to the rest of the national economy.
First, chips are essential inputs to the production of other industries
from "smart chips"
in cars to central processing units for computers. Thus, a bottleneck in
chip supplies
because of electricity interruptions could have ripple effects beyond
California.
Second, chip production is among the highest value-added activities in the
U.S.
economy - each stage of production adds significantly to the value of total
output. This
means that the specific shock impact on this industry could have a greatly
magnified
effect on overall economic activity.
The usage is not confined to chip production, however. An extensive range
of other
California-based industries - from chemicals to textiles - have intensive
electricity usage
in their production.
Their production will be estimated lower because of the reduction in
electricity. And in
fact, real production will be lowered by a reduced electricity input.
Ironically, these interruptions could complement the Fed's efforts to slow
economic
activity and take some of the pressure off for further rate increases. What
infuriates
Californians might actually be a welcome development for the rest of us.
-By John McAuley, Dow Jones Newswires, 201-938-4425
[email protected]
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf |
----- Forwarded by Tana Jones/HOU/ECT on 05/01/2001 09:56 AM -----
Justin Boyd
05/01/2001 07:30 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: ISO 9000
tana
here's some info. for you
j
---------------------- Forwarded by Justin Boyd/LON/ECT on 05/01/2001 07:34
AM ---------------------------
Ian Brungs@ENRON
05/01/2001 04:21 AM
To: Justin Boyd/LON/ECT@ECT
cc:
Subject: Re:
Justin,
ISO 9000 is a a type of standard which companies can seek to bring their
corporations in line with and supposedly its a good thing to have. I attached
an article from a website from which you can buy the standards. If you need
more info let me know.
see ya later y'all
Ian
ISO9.com and ANSI Establish Reselling Agreement for the ISO 9000:2000
Standards
New York, NY and Oakland, CA, December 11, 2000 - ISO9.com and the American
National Standards Institute (ANSI) have announced an agreement regarding
U.S. distribution of the ISO 9000 series of quality management system
standards, including the soon to be published ISO 9001:2000 and ISO 9004:2000
standards. ISO9.com sells electronic versions of the Standards on the
Internet at http://store.iso9.com. The new version of ISO 9000 will be
available on December 15.
"Distribution of the ISO 9000 standards is an important step for our
organization," said Glenn Kohner, Founder and CTO of ISO9.com. "Customers on
the Internet expect instant delivery of information. Users on our site are
learning about Internet ISO 9000. It's only natural that they would want
access to the actual Standards."
There are two ways to procure the ISO 9000 standards from ISO9.com. The
Standards, which a company is required to own to be in compliance, will be
offered both independently and bundled with the ISO9.com application. With
the integrated version, companies will be able to view the Standard alongside
their QMS, in a seamless format.
"ISO9.com is one of ANSI's more unique value added resellers in that it has
actually integrated the ISO 9001:2000 standard into its application,"
commented Bob Feghali, ANSI vice president of business development and chief
information officer. "We are committed to fast action in the delivery of the
new ISO 9000 revisions; partnering with ISO9.com will greatly assist ANSI in
our ability to insure a widespread distribution of the complete ISO 9000
family of standards."
Sergio Mazza, past President of ANSI, Appointed to Board of Directors
Oakland, CA. November 21, 2000 - ISO9.com, the world's first Application
Service Provider to the ISO marketplace, announced the addition of Sergio
Mazza to the Company's Board of Directors. Mr. Mazza served as the president
of the American National Standards Institute (ANSI) from 1993 through 1998.
ANSI is a private, nonprofit membership organization supported by a diverse
constituency of private and public sector organizations which has served as
administrator and coordinator of private sector voluntary standardization
systems in the United States for more than 80 years. As a member of the Board
of Directors, Mr. Mazza will bring his depth of experience and knowledge in
both international standards and high technology to help the Company achieve
its corporate vision.
"We are truly excited to have Sergio Mazza join our team," said Fred
Hornbacher, CEO of ISO9.com. "He has tremendous depth of experience in our
highly specialized field, and is uniquely qualified to help us bring our
online vision for the quality and standards industries to fruition."
Mr. Mazza's 21 years of proven leadership experience with high technology
service businesses and his six years as the president of ANSI will both be
instrumental in his new role with ISO9.com. His corporate career and
leadership experience ranges from his activity as a software entrepreneur to
his service as president of Memorex North America and Memorex Computer
Supplies Worldwide. Mr. Mazza has recently been working as an advisor to
online companies. He has extensive international experience, is fluent in
four languages, and holds a BS degree in economics from the University of
Pennsylvania's Wharton School.
ISO9.com Raises $5 Million in First Round of Funding
Oakland, CA. September 18, 2000. ISO9.com, the first application service
provider to the ISO 9000 marketplace, raised $5 million in its first round of
funding. Institutional investors included Porter Capital Management, AEOW
2000, and Lancaster Investment Partners. ISO9.com helps its clients create a
fully automated quality management system and dramatically saves internal and
external costs associated with ISO certification. The company has reference
customers and will use the proceeds to expand sales, marketing and
engineering efforts.
About ISO9.com: ISO9 is the first application service provider ("ASP") to the
ISO 9000 marketplace. ISO 9000 is an international standard for quality
management that has been adopted by 150 countries and has over 340,000
certified sites worldwide. ISO9.com enables businesses to create a fully
automated quality management system that complies with ISO 9000 standards.
ISO9.com's web-based system improves efficiency and reduces the cost of
running an ISO 9000 quality system. ISO9.com's turnkey solution is
customizable to the specific customer's business. Through automatic email
notification, electronic signatures, and centralized document control,
ISO9.com is the solution that will ready a company for ISO 9000 certification
in the fastest time and for the lowest cost. ISO9.com earns its revenue from
providing its applications to businesses wishing to develop a quality
management system or wishing to convert from a paper-based or software-based
system. ISO9.com, also charges a service fee to cover all issues related to
maintaining a company's web-based certification.
Contact Information: Jarrod Share, (510) 808-2596, [email protected].
1433 Webster St.
Oakland, CA 94612
? |
Congrats on your promotion!
---------------------- Forwarded by Kelly Lombardi/NA/Enron on 01/16/2001
11:28 AM ---------------------------
From: Office of the Chairman 01/12/2001 07:31 PM
Sent by: Office of the Chairman
To: All Enron Worldwide
cc:
Subject: Managing Director and Vice President Elections
The Managing Director PRC Committee met this week to elect individuals to
Managing Director and Vice President positions. These employees are
recognized as outstanding contributors to the organization, whose individual
efforts have been instrumental in the continued success and growth of the
company. We are pleased to announce the election of the following new
Managing Directors and Vice Presidents. Please join us in congratulating
these individuals on their new appointments.
Managing Director ) Commercial
Phillip K. Allen, ENA (EWS) West Gas Trading - Houston
Franklin R. Bay, EBS Entertainment on Demand - Houston
Timothy N. Belden, ENA (EWS) ) West Power Trading - Portland
Michael R. Brown, EEL ) Executive - London
Christopher F. Calger, ENA (EWS) West Power Origination - Portland
Joseph M. Deffner, ENA (EWS) Treasury & Funding - Houston
Timothy J. Detmering, ENA (EWS) Corporate Development - Houston
William D. Duran, ENA (EWS) Generation Investments - Houston
Robert S. Gahn, EES Commodity Structuring - Houston
Kevin C. Garland, EBS Broadband Ventures - Houston
Ben F. Glisan, Jr., Corporate ) Global Equity Markets - Houston
Robert E. Hayes, ETS COMM Marketing - Houston
Phillip R. Milnthorp, ENA (EWS) Canada Origination & Trading - Calgary
Managing Director ) Commercial Support
Sally W. Beck, ENW (EWS) Energy Operations Management - Houston
Fernley Dyson, EEL Finance & Support Services - London
Vice President ) Commercial
Gregory Adams, EES MMC Management - Houston
Robert Bayley, EEL-UK Origination ) London
Jack D. Boatman, ETS Market Development ) Houston
Rhenn Cherry, EES Assets/Labor ) Houston
Niamh Clarke, EGM (EWS) Liquids Trading ) London
Peter Crilly, EEL-UK Origination ) London
Derek J. Davies, ENA (EWS) Canada Origination ) Calgary
Mark D. Davis, Jr., ENA (EWS) East Power Trading ) Houston
Charles Delacey, Corporate Finance ) Houston
Paul Devries, ENA (EWS) Canada Origination ) Toronto
Christopher H. Foster, ENA (EWS) West Power Trading ) Portland
Jeffrey F. Golden, EES Corporate Development ) Houston
Michael D. Grigsby, ENA West Gas Trading Group - Houston
Troy A. Henry, EES Bundled Sales-Heavy Industrial ) Houston
Rogers Herndon, ENA (EWS) East Power Trading ) Houston
James W. Lewis, EES Underwriting ) Houston
Christopher Mahoney, EGM (EWS) Liquids Trading ) London
Andrew Marsden, EBS Broadband Ventures ) London
John McClain, EBS Broadband Wholesale Origination ) Houston
Kevin J. McGowan, EGM (EWS) American Coal ) Houston
Albert E. McMichael, Jr., ENA (EWS) Gas Commodity Structuring ) Houston
Ermes I. Melinchon, Central America Origination ) Houston
Steven R. Meyers, EES Consumption ) Houston
Lloyd D. Miller, ENA (EWS) Portfolio Management ) Houston
Michael A. Miller, Wind Development / Execution-General Administration )
Houston
Marcello Romano, EBS EEL-Broadband Trading ) London
David A. Samuels, ENW (EWS) EnronOnline - Houston
Per A. Sekse, EGM (EWS) Global Risk Markets ) New York
Edward S. Smida, EBS Video on Demand ) Houston
Mark Tawney, EGM (EWS) Weather Trading ) Houston
Jon Thomsen, EBS Business Development ) Latin America/Canada ) Portland
Barry L. Tycholiz, ENA (EWS) West Gas Origination - Houston
Frank W. Vickers, ENA (EWS) East Gas Origination ) Houston
Amit Walia, Corporate, Corporate Development ) Houston
William White, EBS Global Bandwidth Risk Mgmt ) Houston
Jonathan Whitehead, EEL EA Trading ) Japan
Mark Whitt, ENA (EWS) West Gas Origination ) Denver
John A. Zufferli, ENA (EWS) Canada Power Trading - Calgary
Vice President ) Commercial Support
Beth Apollo, EEL Financial Operations Executive ) London
Marla Barnard, EBS Human Resources ) Houston
Karen L. Denne, Corporate, Public Relations ) Houston
Georganne M. Hodges, ENA (EWS) Trading, Origination & Power Plant Accounting
) Houston
Phillip Lord, EEL Transaction Support ) London
Peggy Mahoney, EES Marketing ) Communication ) Houston
Steven Montovano, Corporate, Government & Regulatory Affairs ) Dublin
Laura Scott, ENA (EWS) Canada Accounting ) Calgary
Richard C. Sherman, ENA (EWS) Transaction Support ) Houston
Gregory W. Stubblefield, EES Financial Planning & Reporting ) Houston
Dennis D. Vegas, CALME International Public Relations ) Houston
Vice President ) Specialized Technical
Sami Arap Sobrinho, ESA (EWS) Legal ) Houston
Merat Bagha, EBS Sales Engineering ) Houston
Justin Boyd, EEL Legal ) London
Mary Nell Browning, EBS Legal ) London
Jonathan Chapman, EEL Legal ) London
Robert D. Eickenroht, Corporate, Legal ) Houston
Mark Evans, EEL Legal ) London
David Forster, ENW (EWS) EnronOnline ) Houston
Janine Juggins, EEL Tax ) London
Peter C. Keohane, ENA (EWS) Canada Legal ) Calgary
Pinnamaneni V. Krishnarao, ENA (EWS) Research Group ) Houston
Travis C. McCullough, ENA (EWS) Finance Origination, Mergers/Acquisitions )
Houston
Michael Popkin, ESA (EWS) SA- Risk Management/Network Integration ) Houston
Elizabeth A. Sager, ENA (EWS) Physical Trading ) Houston
Richard B. Sanders, ENA (EWS) Litigation ) Houston
John W. Schwartzenburg, EECC Legal ) Houston
Michael D. Smith, EES Legal ) Houston
Marcus Vonbock Und Polach, EEL Legal ) London
Jay C. Webb, ENW (EWS) EnronOnline Systems ) Houston
Vice President ) Technical
Donald R. Hawkins, ETS Quality Management ) Houston
John R. Keller, ETS Engineering & Construction ) Houston |
Dear Mr. Platter
We received over twenty internal applicants, many of which are qualified
for the position. We will not be interviewing external candidates for
this position. Thanks for your interest in OPPD.
David Ried, P.E.
Division Manager - Energy Marketing & Trading
Omaha Public Power District
444 So. 16th Street MALL, 10E/EP 1
Omaha, NE 68102-2247
Phone 402-514-1025
Fax 402-514-1035
Cell 402-679-3265
> -----Original Message-----
> From: Platter, Phillip [SMTP:[email protected]]
> Sent: Wednesday, January 16, 2002 2:57 PM
> To: RIED, DAVID G
> Subject: FW: Resume' - Phillip Platter- Enron Power Marketing
>
> Mr. Ried,
>
> I thought I'd drop you a line to inquire about the energy marketer
> position you have had open. I understand you had the position open
> internally and that if you did not find a qualified candidate you
> would consider outside candidates. I am currently awaiting an offer
> from UBS, the new owner of Enron's wholesale trading assets. I want
> to reiterate my desire to return to Omaha and to work for OPPD.
> Please let me know of the status of your search for an energy
> marketer.
> I can be reached on my cell at 503-701-9736.
>
> Thanks!
>
> -----Original Message-----
> From: Platter [mailto:[email protected]]
> Sent: Wednesday, January 16, 2002 8:29 AM
> To: Platter, Phillip
> Subject: FW: Resume' - Phillip Platter- Enron Power Marketing
>
>
>
>
> -----Original Message-----
> From: RIED, DAVID G [mailto:[email protected]]
> Sent: Monday, December 17, 2001 12:37 PM
> To: Platter
> Cc: KAPUSTKA, LAURA L
> Subject: RE: Resume' - Phillip Platter- Enron Power Marketing
>
>
> Dear Mr. Platter:
>
> We currently have one opening for an energy marketer who works
> rotating
> shifts. This position will be posted internally in the next week or
> two. If we do not receive any qualified internal applicants, I will
> forward your resume to the Manager of Energy Marketing for
> consideration.
>
> Thank you for your interest in OPPD.
>
>
> David Ried, P.E.
>
> Division Manager - Energy Marketing & Trading
> Omaha Public Power District
> 444 So. 16th Street MALL, 10E/EP 1
> Omaha, NE 68102-2247
>
> Phone 402-514-1025
> Fax 402-514-1035
> Cell 402-679-3265
>
> > -----Original Message-----
> > From: Platter [SMTP:[email protected]]
> > Sent: Thursday, December 13, 2001 5:37 PM
> > To: [email protected]
> > Subject: Resume' - Phillip Platter- Enron Power Marketing
> >
> > Dear Mr. Ried,
> >
> > Sometime last year I was in contact with Bill Jones and Bob O'Neill,
> > both
> > longtime employees of OPPD. They both suggested I contact both you
> > and Dave
> > Dietz at that time. Though you did not have opportunities available
> > then,
> > my desire to work at OPPD is still with me.
> >
> > As you may know, Enron has filed for bankruptcy which has resulted
> in
> > very
> > uncertain times for many Enron employees including myself. While I
> am
> > still
> > employed in Enron's trading operations and believe we will be back
> > trading
> > as soon as we find a buyer, I have decided to seek other
> > opportunities.
> >
> > I am an Omaha area native and wish to return home and use the skills
> I
> > have
> > attained in the Power
> > Industry. I believe my experience at Enron, especially in power
> > trading and
> > scheduling, would provide me with a great foundation for success at
> > OPPD.
> >
> > The past 11 months I have been trading next day power in the
> > California
> > market. My primary responsibilities included making markets on
> > EnronOnline
> > for off peak and odd-lot power. My average daily trading volume for
> > these
> > products ranged from 60 to 90 trades per day. I also had
> > responsibility for
> > managing the scheduling function which had been my main focus for
> the
> > prior
> > 3 years. Much of my time has been spent analyzing the market
> > fundamentals
> > including plant outages, transmission constraints, gas prices,
> > weather, and
> > Hydro flows.
> >
> > Over the last 4 years in power marketing I have been involved in
> > scheduling
> > all trading hubs in the WSCC, including extensive experience with
> the
> > California ISO. I also worked shifts in the real time group.
> >
> > I am primarily interested in opportunities you may have in energy
> > marketing
> > and trading, but would consider other areas in your company. I have
> > attached
> > my resume' for your review and want to inform you I will be in
> > Nebraska from
> > December 26th thru January 3rd. I realize the Holidays are a busy
> > time, but
> > if you feel it may be beneficial to meet, I would gladly arrange to
> be
> > available. I can be reached at 503-624-7995
> (home),503-464-3934(work),
> > or
> > 503-701-9736(cell).
> >
> > I look forward to hearing from you soon.
> >
> > Sincerely,
> >
> >
> > Phillip Platter
> > << File: PHILPLATTER_RES4.doc >>
>
>
> **********************************************************************
> 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. Fairly accurate account of the activities in California. Assembly released new version of Hertzberg's bill late last night. Another update to follow shortly.
Best,
Jeff
********************************************
State Senate OKs bailing out Edison from bankruptcy
Assembly plans own version for utility
Lynda Gledhill and Robert Salladay, Chronicle Sacramento Bureau
Saturday, July 21, 2001
?2001 San Francisco Chronicle
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/07/21/MN133267.DTL
Sacramento -- The state Senate approved a plan yesterday to keep Southern California Edison from falling into bankruptcy, but the bill crafted as an alternative to the pact between the utility and Gov. Gray Davis faces an uncertain future.
The bill by Democratic Sens. Richard Polanco of Los Angeles and Byron Sher of Palo Alto would give the state a five-year option to buy the utility's transmission lines and would have the state guarantee no more than $2.5 billion of the utility's debt. Edison amassed an estimated $3.5 billion in debt as wholesale electricity prices increased but retail rates remained frozen.
The Assembly was also attempting to craft its own version of a deal last night, but political maneuvering and fears of repeating the same kind of mistakes that led to California's botched 1996 deregulation legislation haunted lawmakers.
Davis continued to apply pressure on lawmakers to put a bill on his desk before Aug. 15, a date set in the original agreement between Davis and Edison.
Lawmakers were scheduled to start their monthlong summer recess last night, but failure to pass the state budget meant no one was leaving town.
"It's a firm deadline, which means this issue has to be fully resolved prior to the end of the legislative recess," Davis said of the Aug. 15 date.
Davis suggested that a conference committee or working group could be used to iron out differences between the two bills, but it is unclear whether that could be accomplished in the next few days.
"I have problems with both bills," Davis said. "I am heartened by the fact that there's a bill moving in each house."
Both houses struggled to garner enough votes to get their respective bills to a floor vote, and many lawmakers indicated that they were not happy with the process.
In the Senate, 22 Democrats voted for the Edison plan, while four Democrats and all 13 Republicans voted no.
Sen. Jackie Speier, D-Hillsborough, said she would vote for the bill in its current form, but not if any substantial changes are made.
"The Legislature is ill-equipped to try to craft a deal," she said. "This particular measure -- and only this one -- has the intent and clarity to protect ratepayers. I'm leery of the bill going to the Assembly and being cannibalized."
The Senate bill authorizes Edison to issue $2.5 billion in bonds to pay off alternative energy producers and their banks. The bonds would be paid off through increased rates charged Edison's largest customers and would not cover the $1 billion Edison owes out-of-state generators.
Edison maintains that the Senate bill will not make the company creditworthy, which would put it back in the position of buying power.
The state has been spending upward of $50 million a day on power since January, and Davis and lawmakers want the rescue plan in place so that the utility can once again begin buying power. There is also hope that any deal would be used as a way to get Pacific Gas & Electric Co. out of bankruptcy.
In the Assembly, two competing measures put pressure on leaders to change their bill. The rescue plan by Assembly Speaker Robert Hertzberg of Sherman Oaks and Assemblyman Fred Keeley, D-Boulder Creek, was undergoing changes to garner more support.
Some of the changes included eliminating the purchase of transmission lines and taking municipal utilities out of the deal.
Assemblywoman Elaine Alquist, D-San Jose, one of the undecided members on the Edison agreement, said the original bill was too complex.
"It's a cleaner bill," Alquist said. "I think it comes down to whether this does not affect our constituents and there is not a link to PG&E. I would say I'm tentatively satisfied."
Alquist and other Democrats said they were concerned about the rushed nature of the Edison negotiations. Only a few members of the Assembly -- all former state senators now in the lower house -- voted to approve the 1996 legislation, AB1890, that brought deregulation to California.
Assemblyman Joseph Simitian, D-Palo Alto, said he gave a courtesy vote to the Hertzberg-Keeley plan in the Appropriations Committee, in order to get the measure to the Assembly floor and continue debate.
"As we've learned from the experience of AB1890, the devil is in the details. I have a lot of questions," Simitian said. "The difficulty is that very little gets done here until there is a deadline, and then once there is a deadline, too much gets done."
Hertzberg acknowledged that some Assembly members were afraid the bill was getting rushed, but he said lawmakers are well-informed about the energy crisis and its details. He said they have had 200 hours of caucus meetings and countless hearings on the crisis.
A wild card in the Assembly's plan was a bill by Assemblyman Rod Wright, D- Los Angeles, that garnered Republican support. The so-called "straight bailout" would give Edison its $3.5 billion through a $2-a-month fee levied on utility ratepayers. It was stuck in the Assembly Appropriations Committee.
E-mail the reporters at [email protected] and [email protected] .
?2001 San Francisco Chronicle Page A - 3 |
Those are funny. Work is hectic, can't write much, but hope to find a time that you can come visit.
Stacey
-----Original Message-----
From: [email protected]@ENRON
Sent: Wednesday, December 05, 2001 2:00 PM
To: [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; White, Stacey W.
Subject: Fwd: FW: Fw: Signs that you've grown up.
Quite a few of these hit really close to home..........love, k
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From: Heather Rios <[email protected]>
To: "'Alan Peters'" <[email protected]>, "'Eric'" <[email protected]>, "'Chris'" <[email protected]>, "'summer m ruckman'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>, "'Kevin Haase'" <[email protected]>, "'Jeff & Kristi Stegall'" <[email protected]>, "'Jason Harrison'" <[email protected]>, "'[email protected]'" <[email protected]>, "'[email protected]'" <[email protected]>
Subject: FW: Fw: Signs that you've grown up.
Date: Wed, 5 Dec 2001 13:38:55 -0600
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I thought this was very funny.
-----Original Message-----
From: Laurisa Langley
Sent: Wednesday, December 05, 2001 1:34 PM
To: 'Mom'; 'Debby Adams'; Summer Hardage; Lori Baker; Perry Harrell;
Heather Rios; Randy Dubcak; Ben Sonnier; Damon Sonnier; 'Rick Garton';
'Natalyn Royer'; 'Brian/Mollie Gold'
Subject: FW: Fw: Signs that you've grown up.
-----Original Message-----
From: bcabrero [mailto:[email protected]]
Sent: Wednesday, December 05, 2001 1:30 PM
To: [email protected]
Subject: FW: Fw: Signs that you've grown up.
-----Original Message-----
From: [email protected]
[mailto:[email protected]]
Sent: Tuesday, December 04, 2001 11:14 AM
To: Kana Tracy Ward; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; The Sears Family; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected];
[email protected]; [email protected]; [email protected];
[email protected]; [email protected]
Subject: Fwd: Fw: Signs that you've grown up.
this covers just about everyone I know.
Unfortunately, the last one did apply to me. Happy Holidays. :-)
. 1. Your potted plants are alive. And you can't smoke a one of them.
2. Having sex in a twin-sized bed is absurd.
3. You keep more food than beer in the fridge.
4. 6:00 AM is when you get up, not when you go to sleep.
5. You hear your favorite song on an elevator.
6. You carry an umbrella. You watch the Weather Channel.
7. Your friends marry and divorce instead of hookup and breakup.
8. You go from 130 days of vacation time to 7.
9. Jeans and a sweater no longer qualify as 'dressed up.'
10. You're the one calling the police because those darn kids next
door don't know how to turn down the stereo.
11. Older relatives feel comfortable telling sex jokes around you.
12. You don't know what time Taco Bell closes anymore.
13. Your car insurance goes down and your car payments go up.
14. You feed your dog Science Diet instead of McDonald's.
15. Sleeping on the couch makes your back hurt.
16. You no longer take naps from noon to 6 p.m.
17. Dinner and a movie - The whole date instead of the beginning of one.
18. Eating a basket of chicken wings at 3 a.m. would severely upset,
rather than settle, your stomach.
19. You go to the drugstore for Ibuprofen and antacids, not condoms
and pregnancy test kits.
20. A $4.00 bottle of wine is no longer 'pretty good stuff.'
21. You actually eat breakfast foods at breakfast time.
22. "I just can't drink the way I used to," replaces "I'm never going to
drink that much again."
23. Over 90% of the time you spend in front of a computer is for real
work.
24. You don't drink at home to save money before going to a bar.
25. You read this entire list looking for one sign that doesn't apply to
you. |
Find these stories and more at
http://www.redherring.com
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Catch of the Day: Barrel of monkeys
Where will entrepreneurs make money from short-range
wireless (radio) technology? In wireless LANs for the home?
In airports? Offices? Given the times, maybe they should be
looking for opportunities in smaller markets.
After his last company, a wireless ASP, netted him "zero,"
Mike Stemple founded a more modest wireless company. His
two-month-old firm, Nomad Labs, installs wireless systems
primarily for zoos and aquariums. Nomad doesn't make
hardware; it uses off-the-shelf PDAs and standard wireless
access devices (802.11b for now; Bluetooth perhaps later).
The idea is that visitors -- at first, only teachers and
rich patrons -- borrow a wireless-equipped Windows CE
handheld from the zoo. While they're wandering through
exhibits, they can look up information (including streaming
movies) from the zoo's servers, or get alerted that events
(like feedings) are about to start.
They can also be marketed to; for example, to renew their
donation (useful since few zoo members ever visit a zoo's
Web site).
There are only a hundred zoos and aquariums in the U.S., so
Mike's upside is capped. Nomad is, however, self-funded, and
is not in need of big venture money. In the future, Mike may
extend Nomad's domain to other "edutainment" markets and to
trade shows.
- Rafe Needleman, [email protected]
Editor, http://www.redherring.com
COMPANIES
* Nomad Labs
http://www.nomadlabs.com
* The Denver Zoo
http://www.denverzoo.org
* Symbol Technologies
http://www.symbol.com
* Tour-Mate Systems
http://www.tourmate.com
* Venue Tech Systems
http://www.binocssystems.com
RELATED STORIES
* Shop Talk: Wireless with that latte, sir?
http://www.redherring.com/index.asp?layout=story&channel=50000005&doc_id=980019498&rh_special_report_id=
* Catch of the Day: Invisible to the naked eye (WideRay)
http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1190019119&channel=80000008
* How schools get wired without using wires
http://www.redherring.com/index.asp?layout=special_report_gen&doc_id=620015462&channel=10000001&rh_special_report_id=310000031
* Bluetooth gleamed at CeBIT in 2000
http://www.redherring.com/index.asp?layout=story&channel=10000001&doc_id=380012038&rh_special_report_id=
* Location-based entertainment -- the next big medium?
http://www.redherring.com/story_redirect.asp?layout=story_generic&doc_id=RH1300016530&channel=70000007
* The Bluetooth Report: The coming revolution in personal
networking (Red Herring Research)
http://www.redherring.com/index.asp?layout=research_abstract&rh_research_id=460018646
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to access:
*Larry Ellison's Global CRM in 90 Days Value Proposition
*Online Overviews and Web Seminar
*Information on how to purchase Global CRM in 90 Days
online, and more!
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Inside Tech
Harvard economist Jeffrey Sachs takes the stage at a
conference in London and holds forth on recessions and the
dreaded double down-cycle whammy.
The Red Eye: Harvard economics
http://www.redherring.com/index.asp?layout=story&channel=10000001&doc_id=1040019504&rh_special_report_id=
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EPA's Mercury determination was released today. It can be accessed at
www.epa.gov/mercury
It will likely take some time for EPA to develop these regulations -- the
time frame is proposed rule by 2003 and final rule by 2004 -- but this is a
significant step in that it now formally puts mercury on the radar screen for
power generators, in terms of planning for emissions controls.
It is a positive step that EPA included in its determination an intent to
develop "flexible" compliance measures -- i.e. trading -- for mercury. It
also means that mercury will most likely be included in any efforts to
develop "multi-pollutant" legislation in the next Congress.
Please call me if you have any questions.
_________________
THURSDAY, DEC. 14, 2000
EPA DECIDES MERCURY EMISSIONS FROM
POWER PLANTS MUST BE REDUCED
To protect public health and the environment, EPA Administrator Carol M.
Browner today announced that the Clinton Administration will require
reductions, for the first time ever, of harmful mercury emissions from
coal-fired power plants -- the largest source of such emissions in America.
After extensive study, EPA determined mercury emissions from power plants
pose significant hazards to public health and must be reduced. The agency
will propose regulations by 2003 and issue final rules by 2004.
"Mercury from power plants settles over waterways, polluting rivers and
lakes, and contaminating fish. Exposure to mercury poses real risks to public
health, especially to children and developing fetuses," Browner said. "The
greatest source of mercury emissions is power plants, and they have never
been required to control these emissions before now. Today's decision to
address this problem marks a major step forward in the Clinton
Administration's ongoing efforts to protect public health and the
environment."
Exposure to mercury has been associated with both neurological and
developmental damage in humans. The developing fetus is the most sensitive to
mercury's effects, which include damage to nervous system development. People
are exposed to mercury primarily through eating fish that have been
contaminated when mercury from power plants and other sources is deposited to
water bodies. Once mercury enters water, biological processes can transform
it into methylmercury, a highly toxic form of mercury that builds up in
animal and human tissues. EPA recommends that subsistence fisherman,
pregnant women, and others should always heed state fishing advisories.
Under the Clean Air Act, EPA is required to study toxic air pollution from
power plants in order to determine if additional regulations are necessary in
order to protect public health. EPA reported its study to Congress in
February 1998. That study concluded that of all toxic pollution examined,
mercury posed the greatest concern to public health. An earlier study
concluded that the largest source of human-made mercury pollution in
America was coal-fired power plants.
After completion of the study, the Clean Air Act required EPA to determine
whether to proceed with the development of regulations. Today, EPA is
announcing that it has affirmatively decided that mercury air emissions from
power plants should be regulated, because mercury poses the greatest hazards
to public health.
EPA will propose regulations by December 2003 and will begin developing those
regulations shortly. Industry, the public, and state, local and tribal
governments will have an opportunity to participate in the process. Then,
EPA will issue final regulations by December 2004.
The Clinton Administration already has taken a number of aggressive actions
to reduce mercury air pollution, including significantly reducing allowable
emissions from municipal waste combustors, medical waste incinerators and
hazardous waste combustors. When fully implemented in 2005, the existing
rules will reduce total human-caused mercury emissions by nearly 50 percent
from 1990 levels nationwide.
On November 11, 2000 President Clinton called for a dramatic new approach to
reduce air pollution from America's power plants. The President highlighted
the benefits of adopting a combined strategy to address all of the major
pollutants emitted by power plants, including mercury, sulfur dioxide,
nitrogen oxides and carbon dioxide. A comprehensive strategy that addresses
all of these pollutants together will provide more certainty and flexibility
to industry, making it the most cost-effective way to control the emissions
that threaten public health and the environment. As the Clean Air Act
requires, the regulatory process to control mercury will proceed under
current law. However, at the same time, the Administration encourages the
Executive Branch and the Congress to work toward legislating a comprehensive
four pollutant approach, which will benefit the public health, the
environment, and the economy.
Today's decision will appear soon in the Federal Register, but is accessible
immediately on EPA's mercury web site at: www.epa.gov/mercury Also, today
EPA is posting, on its website, mercury emissions from every coal-fired power
plant in the country. This is consistent with EPA's strong commitment to
provide citizens with information about pollution in their communities.
Jeffrey Keeler
Director, Environmental Strategies
Enron
1775 Eye Street, N.W. Suite 800
Washington, D.C. 20006
(202) 466-9157 - phone
(202) 331-4717 - fax
(888) 502-6856 or [email protected] - pager |
---------------------- Forwarded by Jennifer Rudolph/HOU/EES on 05/22/2001
07:49 AM ---------------------------
From: Jeff Dasovich@ENRON on 05/21/2001 07:06 PM
Calif Probe Focuses On Dynegy,Mirant Plants-Commissioners
Updated: Monday, May 21, 2001 05:28 PM;ET ;
;
By Jason Leopold and Mark Golden
Of DOW JONES NEWSWIRES
LOS ANGELES (Dow Jones)--California officials are focusing an investigation
into the state's wholesale electricity markets on two power plants operated
by two of the state's largest merchant power companies, Mirant Corp. (MIR,
news, msgs) and a joint venture between Dynegy Inc. (DYN, news, msgs) and NRG
Energy (NRG, news, msgs), according to two commissioners on the California
Public Utilities Commission.
The CPUC and the state Attorney General are investigating whether output was
withheld in order to maintain high prices over the past seven months at
Mirant's Pittsburg plant in northern California and the Encina power plant,
which is equally owned by Dynegy and NRG, near San Diego.
All power plants in the state are being examined, but investigators have
found that the Encina and Pittsburg plants have reduced power during supply
shortages, causing market prices to rise.
But so far, the commissioners said, investigators have found no activity that
is clearly illegal.
"Is it unethical? Yes," one PUC commissioner said. "But is it illegal? No,
unless there was collusion. This is the system we set up. What the generators
are doing would be the appropriate thing to do if you are going to maximize
your profit to shareholders."
Spokesmen for Mirant and Dynegy flatly denied the charges.
"What we did was both legal and ethical," said Mirant spokesman Chuck
Griffin. "There was a very forthright attempt to keep these plants up and
running. Unequivocally, we have never held anything back."
Some of the turbines at the Encina plant are peaking units, which are
supposed to ramp up and down to meet demand, Dynegy spokesman Steve Stengell
said. The plant is operated by NRG, but Dynegy markets the power from the
plant and tells NRG how much power to generate based on what has been sold.
"We've done absolutely nothing to manipulate prices," Stengell said.
"Electricity demand increases and decreases throughout the day. Our
production increases and decreases to follow changing demand. Ultimately, the
ISO determines the exact amount of dispatch."
A spokesman for Attorney General William Lockyer declined to comment on the
ongoing investigation.
CPUC President Loretta Lynch told California newspapers last week that her
office and that of Lockyer's have enough information to take legal action
against generators next month, though she declined to name the companies
involved and she said that the exact nature of the legal action is still
under review.
"We get really tired of these assertions with no evidence to back them up,"
Griffin said. "This whole idea that any generation was held back at any time
is completely bogus. It is pure political rhetoric."
Mirant's California power plants have run at full power during critical times
except under one of two conditions, Griffin said. Either generating units
were broken and had to be taken off line to be fixed, or they were beginning
to run in a way that violated environmental restrictions and Mirant had to
get permission to run at full power any longer.
"There are no other reasons than those two," said Griffin.
Nevertheless, several employees at the power plants involved have testified
that generating units were ramped down even when the state's Independent
System Operator had warned of tight supplies, according to one commissioner.
And a senior NRG employee at the Encina power plant in Carlsbad told Dow
Jones Newswires that he was told by Dynegy's Houston trading floor to "ramp
down" the large 951-megawatt plant on at least 10 occasions when he knew
power supplies were tight.
"We would be told to ramp down the units even when we knew the state needed
the megawatts," the employee said. "Then the spot price would go up, but we
didn't really pay too much attention to that, because as far as we know
everybody was doing this. We knew how much power other plants were operating
at, and we knew they weren't at full capacity."
NRG spokeswoman Meredith Moore said that the ISO gives instructions to Dynegy
and Dynegy tells NRG what to do. "And there have been conditions when the ISO
told us to ramp down during Stage 2 emergencies," Moore said.
Also, one CPUC commissioner pointed out that the state's deregulation law
doesn't require owners of power plants to bid all of their capacity into the
market.
The state's incumbent utilities, who were forced to sell their power plants
as part of deregulation, also may have contributed to the problem, according
to an ISO study. By not securing nearly enough power in advance to meet their
customers projected needs, the state's three main utilities contributed to 36
Stage 1 and 2 power emergencies last summer and forced the grid operator to
pay a much higher price to keep the lights on.
The utilities argued that they underscheduled their load so they wouldn't
have to pay the generators' high bid prices. The ISO market last year had a
price cap, while other markets did not.
Mirant's Griffin, meanwhile, said all the finger pointing isn't solving the
state's problem.
"If they are going to get to a solution in California, they have to get
beyond silly political rhetoric," Griffin said. "The real solution to the
problem is to get new supply, and if they are going to do that they have to
make this market look attractive to the kind of people who can build power
plants."
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
[email protected]
(Mark Golden in New York contributed to this article.) |
The Ministry of Environment in Ontario released its final emissions trading regulation yesterday. Based on a quick review, several changes were made that Enron asked for in its submission earlier this month.
Specifically:
OPG's allocations will be partitioned through 2007 (not 2010)
Allowances will be allocated on a prospective basis, baned on the previous year's generation (output). Estimations of energy production will be used (subject to a true-up) to accommodate new generators which come on line during a compliance year.
Direction and distance provisions that would discount emissions reductions credits (foreign allowances) have been removed.
The SO2 set aside for renewable energy and energy efficiency is raised to 4 KT (NOx --expressed as NO - remains at 1 KT).
There is no restriction on banking of credits.
ERC credit lifetime extended from five to seven years.
Approval of ERCs by the Ministry of the Environment before registration of the credits (rather than after registration but before use).
Please see the summary of the regulation below compiled by Lisa DeMarco of Donahue Ernst & Young in Toronto. Environmental Strategies will analyze the regulation and be back in touch with more information on its impact for Enron. Do not hesitate to contact me with any questions.
Link to MOE summary of regulation changes and links to regulation:
<http://204.40.253.254/envregistry/016576er.htm>
_______________________________________________________________________________________________________
On October 24, 2001, the Ontario Minister of Environment released the final emissions trading regulation which includes several significant changes to the draft regulation. The release of this regulation and an additional regulation governing emissions from the Lakeview generating station is broadly thought to signify the likely opening of the Ontario electricity market in Spring, 2002 (please see attached article).
A brief overview of the central aspects of the Ontario emissions trading regulation, which sets out a hybrid ("Cap, Credit and Trade") system of emissions trading for Ontario, follows
Applicability:
Starting in 2002, the regulation will apply to Ontario Power Generation's ("OPG") 6 fossil fuel generating stations. In 2004, the requirements will be extended to large (>25MW) Independent Power Producers ("IPPs") in the province. Most notably, the regulation is accompanied by an announcement that caps and the associated hybrid trading scheme will be extended to other major industrial sectors in the near future. Consultation with those sectors regarding the level of their sector caps will commence immediately.
Caps:
NOx (measured as NO):
An overall cap of 36 KT in 2002 will decline to 28 KT in 2010. The cap will be partitioned between OPG and IPPs between 2004 and 2007. Each year renewable and energy conservation projects will be eligible for 1 KT of "set-aside" allowances. Starting in 2007, the allocation of allowances will also be subject to a North/South partition to comply with obligations under the Ozone Annex to the Canada / US A Air Quality Agreement. Trading between these areas is not, however, restricted.
SO2:
An overall cap of 157.5 KT in 2002 will decline to 131 KT in 2007. The cap will not be partitioned between OPG and IPPs and will apply to OPG facilities in 2002 and all large IPPs in 2004. Each year renewable and energy conservation projects will be eligible for 4 KT of "set-aside" allowances.
Allocation:
Prospective allocation of allowances will be on the basis of a facility's pro-rata share of energy production (output) in the province. OPG will receive a corporate based allocation each year until the end of 2007, at which point all allocations will be on a facility basis. The proposed mechanism allows for estimations of energy production to be used (subject to a true-up) to accommodate new generators which come on line during a compliance year. Measurement of emissions must be by CEMs or equivalent technology.
Credit Creation:
Emission reduction credits ("credits") may be created in accordance with MOE "Standard Methods" from baseline project emission rates in the year prior to creation. Specific requirements are set out in the Ontario Emissions Trading Code ("OETC"). Generally credits may be created from any of the following jurisdictions:
Ontario, New York, Pennsylvania, New jersey, Delaware, Maryland, West Virginia, Kentucky, Ohio, Michigan, Indiana, Illinois, Wisconsin, and the District of Columbia (with possible science-based extension of the eligible jurisdictions)
In addition, US allowances which are issued by these jurisdictions may be acceptable for use as Ontario credits if they meet the requirements set out in the OETC.
Early action credits may be eligible for use if they: meet the requirements of the OETC; were submitted for review by the PERT program before July 1, 2001; and were created between July 1, 1998 and January 1, 2000.
Credits will be approved for use by the MOE before they are registered on the Emissions Trading Registry.
Credit and Allowance Use:
Use of credits is limited to 33% of allowances used for NOx and 10% of allowances used for SO2. These limits do not apply if the facility is operating under an IMO must run contract.
All credits will be subject to a 10% environmental discount. The ratio of smog season to non-smog season NOx credits must reflect the same ratio of actual emissions.
There is no restriction on banking of credits. There is no distance and directionality discounting for the eligible jurisdictions.
Trading
There is generally unrestricted trading through the Ontario Emissions Trading Registry. |
Wild@Work Brown Bag Lunch Presentation: Oh Deer: An Environmental Crisis in
the Making
Across Texas, the growing population of white-tail deer in urban environments
is creating a new challenge. Join Ephraim Dickson, Executive Director of the
Armand Bayou Nature Center, for a discussion on the impacts of this important
issue and an exploration of possible alternatives.
When: Thursday, June 14th, 11:30 AM to 12:30 PM
Where: EB 5C2
IT'S TIME FOR THE 3RD ANNUAL ENRON/MDA BEACH BOWL, June 15!!!
This Friday, June 15th, come and celebrate with us as we kick-off the 3rd
Annual Enron/MDA Beach Bowl benefiting ALS research! ALS (more commonly
known as Lou Gehrig's disease) is a fatal neuromuscular disease which causes
progressive muscle weakness and eventually leaves the patient paralyzed.
Help us "strike a blow" against ALS while having lots of fun and winning
great prizes! Call Lindsay Meade at ext. 34551 for more information. See
you at the kick-off! Come dressed in something Hawaiian and win a prize!
When: Friday, June 15th, 11:30am-12:30pm (If you can't be there for the
whole hour, don't worry! Just stop by whenever you can!!)
Where: EB 5C2
Feel free to bring your own lunch. Fruit, cookies and drinks will be
provided!
Find out about Bring Your Child To Work Day, June 29!
The annual Bring Your Child To Work Day is scheduled on Friday, June 29th.
Guidelines for participation:
(1) Parents MUST stay with their children at all times. Children will not be
allowed to participate without their parent in attendance.
(2) Participation in the event is with immediate supervisor,s permission only.
(3) Children 6 years and older only.
(4) Participation is limited to children of Enron or contract employees.
(5) Each employee participating MUST sign a release waiver and return it with
the registration form by Friday, June 22nd.
An email will be distributed this week. This provide parents with details
about the registration process as well as a release waiver.
Get it While it's Hot! - A Gift From Mervyn's
Mervyn's is extending a 15% discount coupon to Enron employees for Men's and
Women's Dockers Casual Businesswear. If you are interested in this limited
time offer (valid until June 30th) please come by the INFOZONE Kiosk in the
lobby during lunch on Tuesday, June 12th to pick up your coupon. Coupons
will be distributed on a first come, first serve basis and limit is 2 per
employee.
Learn More About Beginner Ballroom Dance Lessons
Beginner Ballroom Dance Lessons, open to the public and taught by qualified
instructors, sponsored by the United States Amateur Ballroom Dancers
Association (a non-profit organization), in cooperation with the City of
Houston Parks & Recreation Department.
Classes start on Tuesday, June 5th from 6:30 - 8:00 pm at the River Oaks
Community Center, 3600 Locke Lane (between Weslayan & Buffalo Speedway on
Latchmont, one block north of Westheimer).
$38.00 for a session of 4 weeks (registration first day of class) If you
miss the first class, join us for the second class!
$30.00 for seniors over 60, and students under 23
Dances will include: Waltz, Foxtrot, Cha-cha, Rumba, Swing and Tango
For further information, call Margaret Daffin at ext. 55083
JOIN THE VOICES OF ENRON TO EXPAND YOUR COMMUNICATION SKILLS!
MAKE NEW FRIENDS! EXPAND YOUR HORIZONS! ENHANCE YOUR COMMUNICATION SKILLS!
LOSE THE FEAR OF PUBLIC SPEAKING! HAVE A GREAT TIME!
Day: Thursdays
Time: 11:30 a.m. - 12:30 p.m.
Location: Enron Building
For more information about The Voices of Enron, contact Melinda Pharms, Vice
President of Education, via e-mail at <[email protected]> or by phone at
713/853-3866 - Internal Extension 33866 or Kathy Willard, Vice President,
Membership at [email protected] <mailto:[email protected]>, phone No.
713/646-7341 - Internal Extension 67341
Volunteer for the Boys & Girls Club Summer Camp Weekends!!!
Kevin Hannon, Boys & Girls Club board member, invites you to join Enron
employee John Cote at a Boys & Girls Club summer camp. John and Kevin are
looking for commitments from some dedicated ENRON men & women. SPREAD THE
WORD - SPOUSES, FRIENDS & OFFICE COLLEAGUES WELCOME - LAST YEAR'S CAMP WAS A
HUGE SUCCESS! Details below:
WHAT: 2nd Annual Houston Boys and Girls Club Summer Camp Weekend with
Enron's incredible volunteers!
WHEN: Boys Camp
Friday afternoon (3:00 - 6:00pm), June 22 through Sunday afternoon, June 24
--OR--
Friday afternoon (3:00 - 6:00pm), July 20 through Sunday afternoon, July 22
Girls Camp
Friday afternoon (3:00 - 6:00pm), July 6 through Sunday afternoon, July 8
--OR--
Friday afternoon (3:00 - 6:00pm), July 13 through Sunday afternoon, July 15
WHERE: Willis, TX (75 minutes from downtown Houston -- just north of Conroe)
WHO: 6-8 counselors per camp to chaperone 75 kids (ages 7-16)
HOW: Share all sports activities, including canoeing, hiking, fishing,
organizing a talent show/bonfire/ghost stories, obstacle course, water
balloon fights, softball, basketball, archery, football, etc. (Cooking
and clean-up covered by the Houston Boys & Girls Club staff.)
CONTACT: John A. Cote at ext. 33830
Volunteers Needed for Bring Your Child to Work Day!
Bring Your Child to Work Day is Friday, June 29
Please email Jennifer Milligan if you are interested in volunteering and
indicate your preference for indoor or outdoor activities.
Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
[email protected]
no later than 12:00 noon the Thursday prior to the next Monday,s mailing. |
----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:22 PM -----
James D Steffes
02/26/2001 08:52 AM
To: Alan Comnes/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cynthia
Sandherr/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES, David W
Delainey/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES,
Elizabeth Sager/HOU/ECT@ECT, Elizabeth Tilney/HOU/EES@EES, Eric
Thode/Corp/Enron@ENRON, Gordon Savage/HOU/EES@EES, Greg Wolfe/HOU/ECT@ECT,
Harry Kingerski/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Keith Holst/HOU/ECT@ect, Kristin
Walsh/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Louise Kitchen/HOU/ECT@ECT, Marcia A
Linton/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron, [email protected], Mark
Palmer/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Mary Hain/HOU/ECT@ECT,
Michael Tribolet/Corp/Enron@Enron, Mike D Smith/HOU/EES@EES, Mike
Grigsby/HOU/ECT@ECT, Neil Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Rebecca W
Cantrell/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Rob Bradley/Corp/Enron@ENRON, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Frank/NA/Enron@Enron,
Robert Frank/NA/Enron@Enron, Robert Johnston/HOU/ECT@ECT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandra
McCubbin/NA/Enron@Enron, Scott Stoness/HOU/EES@EES, Shelley
Corman/Enron@EnronXGate, Steve C Hall/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT,
Steven J Kean/NA/Enron@Enron, Susan J Mara/NA/Enron, Tim Belden/HOU/ECT@ECT,
Tom Briggs/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Vance
Meyer/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, Wendy Conwell/NA/Enron@ENRON,
William S Bradford/HOU/ECT@ECT
cc:
Subject: CA Supply Realities
For those that have not seen this analysis, attached please find a note from
Mary Schoen detailing the serious physical shortage problems that may occur
this Summer in CA.
Jim
----- Forwarded by James D Steffes/NA/Enron on 02/26/2001 08:51 AM -----
Mary Schoen
02/22/2001 02:55 PM
To: Neil Bresnan/HOU/EES@EES, Alan Comnes/PDX/ECT@ECT, Jubran
Whalan/HOU/EES@EES, Kristin Walsh/HOU/ECT@ECT, Clayton Seigle/HOU/ECT@ECT,
Jeffrey Keeler/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT
cc:
Subject: CA Supply Realities
Attached is a memo comparing the CEC's forecasted supply and a more realistic
look at what additional resources might be available this summer.
The bottom line is that:
1. The CEC significantly underestimates the outages that may occur this
summer. They estimate in their 5,000 MW supply deficit for the summer that
expected outages will be around 3,000MW. However, November and December saw
significantly higher outage levels. (7,265 MWs) The FERC has investigated
these outages and found no improprieties- just that the plants are overtaxed
from running at higher than normal capacities.
2. There are a lot of uncertainties surrounding the 1,244 MWs of projected
supply from rerating/restarting existing thermal and renewable projects. It
is very unclear how much of this will be able to come on line by this summer,
if at all. As evidenced by the e-mail I sent out this morning, local
communities may be very opposed to restarting shut down units. In addition,
these units are likely to be uneconomical.
3. In the existing resource pool, there are roughly 1,430 MWs of peaking or
other generation units that are running up against their operating hour
limitations from air quality regulations. The Governor has ordered the local
air quality districts to address these restrictions, We are beginning to
seem some movement; however, the US EPA has yet to weigh in on these relaxed
standards.
4. The distributed generation/back-up generation capacity to make up some of
the shortfall is still an unknown. While there has been some relaxing of the
limitations on run hours for back-up generation at "essential public
services" the increase in DG is expected from "clean" sources, not diesel
emergency generators.
5. The CEC is doing everything it can to get 50+ MW peaking units on-line by
this summer. They are promising a 21-day permit application approval process
and are offering to pay half of the cost of offsets, for "clean" sources of
generation in critical areas.
Please let me know if you have any questions or need additional information.
CEC's Summer Forecasted Peak Demand - Resource Balance:
List of Peakers running into their operating hour limitations:
Also available in hard copy format only:
(please e-mail me your fax number if you'd like a copy)
Table 1: Fully Executed CA ISO Summer Reliability Agreements (the ISO
Peaking Facilities)
Table 2: Summer 2001 Supply Options - Renewables Construction Status Summary
Table 3: Summer 2001 Supply Options - Rerate of Non-CEC Projects
Table 4: Summer 2001 Supply Options - CEC Rerate Status Summary
Table 5: Idle Biomass Plants Potentially Capable of Restart
Mary Schoen
Environmental Strategies
Enron Corp
713-345-7422 |
_______________________________________________________________
This message and any attachments are intended for the individual or entity
named above. If you are not the intended recipient, please do not read,
copy, use or disclose this communication to others; also please notify the
sender by replying to this message, and then delete it from your system.
Thank you.
_______________________________________________________________
We appreciate your assistance in providing the responses to the
environmental questions regarding Gleason and the SPCC issue referenced on
the draft schedules. The following questions are still outstanding,
however, from October 23 and October 25 despite your indication that the
responses to at least the October 23 questions would be available last
week. Given the fast approaching bid deadline and the importance of the
responses to our due diligence review, we would appreciate receiving the
responses as quickly as possible. For your convenience, the following is
the list of our outstanding questions:
Questions for All Facilities
1. What are the limitations on the number of hours that each facility can
operate and what is the source of those limitations?
2. We understand that there are tentative expansion plans for each
facility. Were these future expansion plans disclosed to the regulating
agencies at the time that the air permits were applied for, particularly at
those facilities which did not undergo PSD review?
3. Which facilities are required to perform continuous emissions
monitoring pursuant to its air permits? For those facilities performing
CEM, please provide the last two years of data.
4. Are the facilities FERC jurisdictional for environmental impact
statement purposes pursuant to 18 C.F.R. Part 380? We noticed that the
only facility with information about this issue was the pipeline at
Lincoln, although the information seemed to suggest that only the pipeline
was subject to the EIS process. See 2.02.12.G. Was the rest of the
Lincoln facility subject to the EIS process? What was the outcome of the
EIS process for the pipeline?
5. What is Enron's understanding of the process required to transfer the
environmental permits for each facility in connection with the proposed
transaction? For example, the 1995 stormwater permit for LV Cogen appears
to be triggered by a change in control of the facility. See 6.02.03 at
page 16. Do other permits have similar provisions?
6. Will any environmental property transfer or comparable statutes (e.g.
the Illinois Responsible Property Transfer Act) be triggered by the
proposed transaction?
7. We have reviewed the United States Environmental Protection Agency
comments for the air permit at LV Cogen II, as discussed below. Did U.S.
EPA provide any additional comments on the air permits for LV Cogen II or
any other facility?
Lincoln Facility
1. Does the Lincoln facility have an air operating permit from the
Illinois Environmental Protection Agency? If so, please provide a copy.
If not, please explain status.
2. Were any wetlands impacted by the construction of the facility and, if
so, what permits were obtained? Will any wetlands be impacted by future
expansion plans? ENSR's conclusion on this issue seemed unclear,
particularly with respect to the 30 acre parcel. See 02.03.09C.
Wheatland Facility
1. We understand that the Wheatland facility may seek a NPDES permit to
discharge wastewater directly to the White River. How is this wastewater
currently managed? Why is the facility considering changing the management
method to direct discharge under a NPDES permit? If there are associated
cost savings with a NPDES permit, what are they estimated to be? We
understand that the source of the water that is discharged is a pond
associated with mining operations. Who is the owner of the pond? Are any
water extraction permits needed to remove water from this pond and, if so,
have they been obtained? We also understand that sampling was recently
performed of the water. Please provide copies of this analysis and any
associated documentation.
LV Cogen
1. The Industrial User Discharge Permit on Dealbench appears to have
expired on July 1, 2000. See 6.02.02. Was it renewed? If so, please
provide copy.
2. The stormwater discharge permit for LV Cogen appears to be expired.
See 06.02.03. Was it renewed? If so, please provide copy.
3. Does Sunco hold any environmental permits in its own name? If so,
please provide copies.
LV Cogen II
1. EPA contends in its March 23, 1998 and March 24, 2000 letters that BACT
for LV Cogen II was SCONOx and/or XONON. See 06.01.09.1. How was this
issue resolved? Can LV Cogen II meet the 2 ppm NOx limit in the draft
operating permit with the technology that has been proposed? See 06.01.15.
2. It appears that the State of Nevada has contended that certain
equipment replacement should have undergone new source review in their June
13, 2000 memo. See 16.03.6. How was this resolved? What is EPA's view
on this issue?
Schedules for LV Cogen I and II
1. Schedule 4.1(i) references an annual audit of the CEM system in May
2000. Is this audit on Dealbench and/or can we get a copy of it?
2. Please provide a copy and/or reference to a Dealbench document for the
Phase I referenced on Schedule 4.1(n).
3. Please provide copies and/or references to Dealbench documents for the
items listed as 1, 2, 3, 4 and 5 on Schedule 4.1(u). [Note that we have
reviewed the 1995 storm water permit, but did not see an indication that it
is automatically renewed. Is this reflected elsewhere?] |
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000
02:00 PM ---------------------------
Richard Burchfield
10/06/2000 06:59 AM
To: Phillip K Allen/HOU/ECT@ECT
cc: Beth Perlman/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
Phillip,
Below is the issues & to do list as we go forward with documenting the
requirements for consolidated physical/financial positions and transport
trade capture. What we need to focus on is the first bullet in Allan's list;
the need for a single set of requirements. Although the meeting with Keith,
on Wednesday, was informative the solution of creating a infinitely dynamic
consolidated position screen, will be extremely difficult and time
consuming. Throughout the meeting on Wednesday, Keith alluded to the
inability to get consensus amongst the traders on the presentation of the
consolidated position, so the solution was to make it so that a trader can
arrange the position screen to their liking (much like Excel). What needs to
happen on Monday from 3 - 5 is a effort to design a desired layout for the
consolidated position screen, this is critical. This does not exclude
building a capability to create a more flexible position presentation for the
future, but in order to create a plan that can be measured we need firm
requirements. Also, to reiterate that the goals of this project is a project
plan on consolidate physical/financial positions and transport trade capture.
The other issues that have been raised will be capture as projects on to
themselves, and will need to be prioritised as efforts outside of this
project.
I have been involved in most of the meetings and the discussions have been
good. I believe there has been good communication between the teams, but now
we need to have focus on the objectives we set out to solve.
Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000
08:34 AM ---------------------------
Allan Severude
10/05/2000 06:03 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
From our initial set of meetings with the traders regarding consolidated
positions, I think we still have the following issues:
We don't have a single point of contact from the trading group. We've had
three meetings which brought out very different issues from different
traders. We really need a single point of contact to help drive the trader
requirements and help come to a consensus regarding the requirements.
We're getting hit with a lot of different requests, many of which appear to
be outside the scope of position consolidation.
Things left to do:
I think it may be useful to try to formulate a high level project goal to
make it as clear as possible what we're trying to accomplish with this
project. It'll help determine which requests fall under the project scope.
Go through the list of requests to determine which are in scope for this
project and which fall out of scope.
For those in scope, work to define relative importance (priority) of each and
work with traders to define the exact requirements of each.
Define the desired lay out of the position manager screen: main view and all
drill downs.
Use the above to formulate a project plan.
Things requested thus far (no particular order):
Inclusion of Sitara physical deals into the TDS position manager and deal
ticker.
Customized rows and columns in the position manager (ad hoc rows/columns that
add up existing position manager rows/columns).
New drill down in the position manager to break out positions by: physical,
transport, swaps, options, ...
Addition of a curve tab to the position manager to show the real-time values
of all curves on which the desk has a position.
Ability to split the current position grid to allow daily positions to be
shown directly above monthly positions. Each grouped column in the top grid
would be tied to a grouped column in the bottom grid.
Ability to properly show curve shift for float-for-float deals; determine the
appropriate positions to show for each:
Gas Daily for monthly index,
Physical gas for Nymex,
Physical gas for Inside Ferc,
Physical gas for Mid market.
Ability for TDS to pull valuation results based on a TDS flag instead of
using official valuations.
Position and P&L aggregation across all gas desks.
Ability to include the Gas Price book into TDS:
Inclusion of spread options in our systems. Ability to handle volatility
skew and correlations.
Ability to revalue all options incrementally throughout the trading day.
Approximate delta changes between valuations using instantaneous gamma or a
gamma grid.
Valuation of Gas Daily options.
A new position screen for options (months x strike x delta). TBD.
Inclusion of positions for exotic options currently managed in spreadsheets.
Ability to isolate the position change due to changed deals in the position
manager.
Ability to view change deal P&L in the TDS deal ticker. Show new deal terms,
prior deal terms, and net P&L affect of the change.
Eliminate change deals with no economic impact from the TDS deal ticker.
Position drill down in the position manager to isolate the impact of
individual deals on the position total in a grid cell.
Benchmark positions in TDS.
Deployment of TDS in Canada. Currency and volume uom conversions. Implicit
and explicit position break out issues.
-- Allan.
PS: Colleen is setting up a meeting tomorrow to discuss the direction for
transport. Hopefully we'll know much better where that part stands at that
point. |
At Enron, we,re good at a lot of things: making markets, commoditizing
products, managing risk, offering innovative energy solutions to customers )
the list goes on and on. However, one of the things we could do a lot better
is watching our expenses. We,re all shareholders in this company, and we
need to spend our company,s dollars as wisely as we spend our own.
There are some simple, yet significant measures each of us can take to make
sure we,re careful with Enron,s money. The Policy Committee has approved and
recommended the following:
? Professional Services ) This is our largest area of discretionary spending,
at more than $600 million last year. &Professional Services8 includes our
contracts with outside law and accounting firms, contractors and other
consulting groups. To make sure that we are negotiating the best rates and
terms of service for the company across business units, we are requiring all
future professional service contracts and those up for renewal to be
negotiated through or in consultation with Global Strategic Sourcing (GSS),
effective July 1. In addition, contracts for more than $5,000 must be
pre-approved by the business unit senior executive or their designee and
GSS. For more information, see http://ibuyit.enron.com.
? On-line expense reporting tool XMS ) XMS, our online expense reporting
tool, enables us to expedite, monitor and report expenses. Effective July 1,
all employees on domestic U.S. payroll will be required to use XMS for
reimbursement of business-related expenses. To access XMS, go to
http://xms.enron.com/.
? Enterprise wide portal ) We currently have 122 internal web sites across
the company. The amount of technology work, marketing collateral, and other
related costs required to develop and support so many portals is sizeable.
It makes sense to have one Enron portal so you can efficiently access content
and services through a single, personalized channel that will make it easier
for you to find information and perform basic tasks online. This new
company-wide portal, under the leadership of Tony Mends, will be launched in
several phases beginning this fall.
Another significant area where we can be more diligent in our spending is
travel and entertainment. Enron has long had travel policies in place. As
we have grown, we have not done as well as we should have in communicating
those policies to new employees and reminding all employees to take advantage
of the discounts we have negotiated. The availability of discounts and
booking services online should make it easy to save money for the company
without sacrificing the comfort of employees who travel. The following are
common sense recommendations that we should all adhere to when traveling for
business. Any regular deviations from these travel policy recommendations
will be reviewed by each business unit leader.
? Air travel ) Employees are requested to use either Travel Agency in the
Park (TAP) or the GSS-approved preferred travel agency for your location -
all of which have access to the significant airfare discounts negotiated by
GSS - or http://clicktrip.enron.com/enron, the new online travel booking
service that allows employees to book their own travel with the same
negotiated discounts. Employees who fly in the United States should book
non-refundable coach tickets, which are typically 65 percent less than
refundable tickets and can usually be changed by simply paying a $100 fee.
For this reason, we strongly encourage all employees to purchase
non-refundable domestic coach tickets when possible.
? Lodging ) GSS has also negotiated preferred rates at a number of hotel
chains in many cities worldwide to accommodate each business unit,s
individual hotel policy. We recommend that you use Enron,s list of preferred
hotels to select accommodations that are in line with your business unit,s
policies. You can view the list at http://travel.enron.com.
? Car rental services ) When renting a car for business travel, employees
should use our preferred car rental agencies ) National (U.S. and Canada) and
Alamo (U.S.)- since the agreements we have negotiated are intended to protect
you and Enron through the insurance coverage in our contract. Visit
http://travel.enron.com for details and updates to services available outside
the U.S.
? Off-site meetings ) All domestic-U.S. off-site meetings and events with
more than 10 people should be coordinated through GSS, which will negotiate
preferred rates for Enron. They can be reached at (713) 646-8311.
Because there are differences between business units and offices, each
business unit leader will follow up this memo with a communication further
elaborating on these policies as they apply to their business unit.
Each of us has a responsibility to make sure we do our part to ensure Enron
retains its competitive edge. These recommendations are some basic, sensible
actions we can take company-wide, but it is up to every employee to look for
cost saving measures and do what makes sense in your daily activities. If
you have an idea or a suggestion you would like to share with us, please
e-mail us at [email protected]. A list of questions
and answers about these policies is posted on
http://ibuyit.enron.com/gss/ibuyit/csfaq.doc. If you have additional
questions, Policy Committee member Kevin Hannon will host an eSpeak on
Tuesday, June 19 at 10 a.m. Houston time to discuss these cost saving
recommendations. |
Just one copy .
-----Original Message-----
From: Cantrell, Rebecca W.
Sent: Monday, November 12, 2001 6:03 PM
To: Tholt, Jane M.
Subject: RE: Western Frontier Project
The filing (non-environmental only) is 384 pages. Does everyone need a copy, or just you?
-----Original Message-----
From: Tholt, Jane M.
Sent: Monday, November 12, 2001 10:18 AM
To: Cantrell, Rebecca W.
Subject: RE: Western Frontier Project
Please provide us with a copy of the filing and maps. Neutral intervention will be fine,
-----Original Message-----
From: Cantrell, Rebecca W.
Sent: Thursday, November 08, 2001 1:28 PM
To: Miller, Stephanie; Tholt, Jane M.; Shively, Hunter S.; Lucci, Paul T.
Subject: Western Frontier Project
The FERC notice on this project has been issued and comments are due by November 21. Do we have any interests that would warrant more than a plain intervention? Let me know if you want a copy of the original filing, with maps, etc.
INSIDE FERC-October 29, 2001
WILLIAMS PUTS MEAT ON THE BONES OF WESTERN FRONTIER PROJECT DESIGN
Touting a need for more pipeline capacity linking the "prolific" supply basins of the central Rockies
and increasingly hungry Mid-Continent markets, The Williams Cos. Inc. last week took the next step by
filing for authorization to build and operate the Western Frontier project.
The sponsor has in hand four negotiated-rate deals for long-term service covering roughly two-thirds
of the 540,000 Dt/day of project design capacity, it told FERC in an Oct. 24 certificate application
(CP02-11). Williams wants to have the $366 million project up and running by Nov. 1, 2003; it
asked the commission to issue a final certificate by Dec. 11, 2002, so that it can commence construction
by the following April.
Williams unveiled initial plans for Western Frontier early last summer (IF, 9 July, 14) and held an open
season in June and July. To carry gas from the Power River, Big Horn, Wind River and Green River basins
- estimated to hold 173 Tcf of potential and recoverable reserves - the new 30-inch-diameter mainline
would run 398 miles, starting at the Cheyenne Hub and ending at an interconnection with the system of
affiliate Williams Gas Pipelines Central Inc. in Beaver County, Okla. Characterizing the Cheyenne Hub as
"a liquid point of supply," Williams asserted that "presently, supply capability to the hub has outpaced
transportation capacity away from the hub to market areas due to insufficient pipeline infrastructure."
Along the way, the Western Frontier mainline would make another interconnection with Williams
Central as well as with Northern Natural Gas Co., ANR Pipeline Co., Natural Gas Pipeline Co. of America
and Panhandle Eastern Pipeline Co., "thus providing multiple avenues for gas produced in the central
Rockies to be transported throughout the Mid-Continent using the existing pipeline grid."
To "further enhance its supply options," the sponsor wants to build a 9.7-mile lateral from the
mainline to the Wattenberg gas processing plant east of Denver to tap the Denver-Julesberg basin. Rounding
out the project design are two new compressor stations, the 10,000-horsepower Chalk Bluff station to
be constructed at the Cheyenne Hub and the 20,000-hp Denver station to be built in Adams County, Colo.
Following the open season, Williams hammered out precedent agreements with Marathon Oil Co.
(75,000 Dt/day), Williams Energy Marketing and Trading Co. (200,000 Dt/day), Utilicorp United Inc.
(15,000 Dt/day) and Entergy Power Generation Corp. (75,000 Dt/day). The initial term for the deals is 10
years, except for Marathon which committed to a five-year term with an option to extend it an additional
two years, said the application.
"Other shippers have expressed serious interest for the remaining capacity on Western Frontier, and
active negotiations are moving forward with these potential shippers," said the application, adding that
Williams was "confident . . . that the remaining capacity will be committed in the upcoming months."
With the addition of compression, the project could "facilitate relatively inexpensive expansions to
accommodate future market growth," the sponsor told FERC. And that may well be necessary, it continued,
pointing to "stagnant to declining supply" in the Mid-Continent basins coupled with "projected demand
increases." As in many areas of the country, "much of the anticipated demand increase is attributed to
installation and operation of . . . gas-fired electrical generation," it said. The 11,439 Mw of "active winter
generating capacity" in the combined service areas of Western Frontier and Williams Central is expected to
more than double by 2004, said Williams.
The application seeks negotiated rate authority for the project operator, Western Frontier Pipeline
Co. LLC, and approval of initial recourse rates. The maximum daily reservation rate under schedule FTS
would be 35?/Dt for contract demand in Zone 1 and 79.4?/Dt in Zone 2.
Under the negotiated deals reached with the four "anchor" shippers, Utilicorp and Entergy would pay a
combined reservation and commodity rate of 25?/Dt at a 100% load factor for Zone 1 service to the
Williams Central Hugoton station in Kansas, while WEM&T would pay a combined rate of 30?/Dt for
Zone 2 transportation to the Williams Central system in Oklahoma and Marathon would pay 32?/Dt under
the shorter contract for Zone 2 service to interconnects with ANR, Panhandle and Williams Central in
Oklahoma. All transportation would originate at the Cheyenne Hub. |
No it is through expedia, we would have to call american airlines and ask
how much the ticket is by itself and pay it of w/ the credit we have w/
them. From what I have seen $1000.00 will be ticket price then we would have
to pay the rest (hotel and lift ticket)
Did you get my e-mail about benefits?
I also looked for Phoenix I foun for $280.00 (COntinental) & $399.00
(American)
Love
me
Raquel Nunes Thomas
>From: [email protected]
>To: [email protected]
>Subject: RE: Expedia.com Itinerary for Raquel Thomas: Truckee, California
>Date: Mon, 22 Oct 2001 09:13:12 -0500
>
>Is this through AA vacations...
>
> -----Original Message-----
> From: [email protected]@ENRON
> Sent: Monday, October 22, 2001 8:32 AM
> To: [email protected]
> Cc: Thomas, Paul D.
> Subject: Expedia.com Itinerary for Raquel Thomas: Truckee, California
>
>
>
> From:
> Name: Raquel Thomas
> Email: [email protected]
>
> Below you will find a copy of an itinerary from Expedia.com,
> sent at the request of Raquel Thomas.
> Check the online version here:
> http://msn.expedia.com/pub/agent.dll?qscr=open&itid=29755742&updt=1
>
> Click the link below if you would like to create a similar itinerary or
> repeat this trip.
> http://msn.expedia.com/pub/agent.dll?qscr=tmpl&itid=29755742&flag=e
>
>
>********************************************************************************
> Itinerary Number: 12975574218
>
> If you have any questions send us e-mail at [email protected] or call
> us at
> 1 (800) EXPEDIA or 1 (404) 728-8787 and have this itinerary number
> ready.
>
>
>********************************************************************************
>
>
> Traveler:
> PACKAGE SUMMARY
>
>--------------------------------------------------------------------------------
> Package is not purchased.
>
>
>
> FLIGHT SUMMARY
>
>--------------------------------------------------------------------------------
> Round Trip
>
> Flight: from Houston, TX (IAH-Bush Intercontinental) to Reno, NV
> (RNO-Reno-Tahoe International)
> Depart: 22-Nov-01 at 7:13 AM
> Arrive: 22-Nov-01 at 10:47 AM
>
> Depart: Houston (IAH), 22-Nov-01 at 7:13 AM
> Arrive: Dallas (Dallas-Fort Worth), 22-Nov-01 at 8:18 AM
> Flight: American Airlines 1712
> Aircraft: Fokker 100
> Meal Service: n/a
> Duration: 1hr 5mn
> Distance: 233 mi (233 mi)
> Economy/Coach Class
>
> Depart: Dallas (Dallas-Fort Worth), 22-Nov-01 at 9:20 AM
> Arrive: Reno (RNO), 22-Nov-01 at 10:47 AM
> Flight: American Airlines 1589
> Aircraft: MDC MD80
> Meal Service: n/a
> Duration: 3hr 27mn
> Distance: 1348 mi (1348 mi)
> Economy/Coach Class
>
> Flight: from Reno, NV (RNO-Reno-Tahoe International) to Houston, TX
> (IAH-Bush Intercontinental)
> Depart: 25-Nov-01 at 11:38 AM
> Arrive: 25-Nov-01 at 6:52 PM
>
> Depart: Reno (RNO), 25-Nov-01 at 11:38 AM
> Arrive: Dallas (Dallas-Fort Worth), 25-Nov-01 at 4:41 PM
> Flight: American Airlines 1890
> Aircraft: MDC MD80
> Meal Service: n/a
> Duration: 3hr 3mn
> Distance: 1348 mi (1348 mi)
> Economy/Coach Class
>
> Depart: Dallas (Dallas-Fort Worth), 25-Nov-01 at 5:40 PM
> Arrive: Houston (IAH), 25-Nov-01 at 6:52 PM
> Flight: American Airlines 1752
> Aircraft: MDC MD80
> Meal Service: n/a
> Duration: 1hr 12mn
> Distance: 233 mi (233 mi)
> Economy/Coach Class
>
>
> HOTEL SUMMARY
>
>--------------------------------------------------------------------------------
> Northstar At Tahoe Village
>
> Address: 202 Village Drive
> Truckee, California 96161
> United States of America
> Telephone: +1 (530) 562-2207
> Fax: +1 (530) 562-2214
>
> Check-in: Thu 22-Nov-01
> Check-out: Sun 25-Nov-01
>
> Room description: Studio Condo
>
>
> CAR SUMMARY
>
>--------------------------------------------------------------------------------
> Vendor: Alamo Rent A Car
> Location: In the Airport Terminal, Reno, NV (RNO-Reno-Tahoe
> International)
>
> Pick up: 22-Nov-01 at 11:00 AM
> Drop off: 25-Nov-01 by 10:00 AM
>
> Description: Economy Car, Air Conditioning, Automatic Transmission
>
>
> ATTRACTIONS & SERVICES SUMMARY
>
>--------------------------------------------------------------------------------
> Squaw Valley Two Day Consecutive Lift Ticket Thu 22-Nov-01 -- Sun
> 25-Nov-01 Travelers: 2
>
>
> 2 adults
>
> Base price: $1,438.01
> Taxes & surcharges: $150.34
>
> Note: Car taxes and surcharges not included.
>
>
>
> Check the online version here:
> http://msn.expedia.com/pub/agent.dll?qscr=open&itid=29755742&updt=1
>
>
>
>
>**********************************************************************
>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.
>**********************************************************************
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp |
As the article below discusses in more detail, EPA has announced it will delay any recommendations on New Source Review reform until September, when it releases a more complete package of Clean Air/Multipollutant reform legislation. NSR/multipollutant issues will be in the forefront in September, with the release of EPA's plan and congressional consideration of these issues in hearings and "stakeholder" meetings. Enron will remain closely involved in these efforts -- we have been invited to participate in Senate Environment Committee stakeholder meetings on the topic, and we are in close contact with EPA and the White House as they develop their plan.
Consideration of these issues in a larger "package" will present an opportunity for reform not only for limited segments of the power sector, but for all sources -- existing and new. NSR reform will always be criticized by environmentalists, but adding NSR to the debate with multipollutant emission reductions could open avenues for some interesting deals to be cut over NSR revisions and various pollutant cap levels.
Jeffrey Keeler
Director, Environmental Strategies
Enron
CT Office - (203) 245-0828
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541
Fearing Backlash, EPA To Package NSR Study As Part Of Utility Emissions Reduction Plan
Fearing a backlash of criticism, EPA Administrator Christine Todd Whitman has announced that the agency is delaying release of its long-awaited study on its new source review (NSR) program so that it can package the study as part of the Bush administration's proposed "three-pollutant" emissions reduction plan for power plants, which is scheduled for release next month.
Whitman's Aug. 14 announcement, which came following consultations with President Bush, came just three days before
EPA was scheduled to release the results of its 90-day review of NSR, the Clean Air Act program that requires facilities to obtain permits when installing new or modified emissions sources.
"Our review of the NSR regulation is part of our larger effort to craft a new, comprehensive strategy to combat air pollution, and I am not prepared to come to any conclusions about one isolated issue before we finish work on our entire proposal," Whitman said.
In recent weeks, administration officials have faced a slew of criticism from state attorney generals, environmentalists and other critics who have charged that the review would recommend scaling back the program and allow the Bush administration to "pardon" polluters.
Whitman has previously said that the administration's proposal to limit emissions of sulfur dioxide (SO2), nitrogen oxide (NOx) and mercury would set sufficiently strict limits to make NSR and other Clean Air Act requirements unnecessary.
Whitman pointed to a recent National Governors Association policy calling for NSR reform as justification for the administration's forthcoming effort. "This bipartisan action by the nation's governors provides a firm foundation for consensus and action this fall on this major environmental goal of the administration," she said.
However, Whitman's announcement drew strong criticism from environmentalists, who charged that the administration was seeking to hide the NSR reforms in its overall emissions reduction plan. "The administration should not expect that it can hide the roll-back of these important clean air protections into an emissions reduction package. That would be as obvious as putting a cheap frame on an ugly picture," according to the environmental group Clear the Air.
The group said the NSR program was "safe for now," adding that the Bush administration should acknowledge that a host of favorable comments submitted to EPA as part of the review should force the agency to admit that the NSR program is an essential element of the Clean Air Act.
Excerpt from EPA Press Release U.S. Environmental Protection Agency (EPA) Administrator Christie Whitman announced today that EPA will propose a comprehensive strategy to significantly reduce air pollution and protect public health that will be released in September. EPA will incorporate its review of the New Source Review (NSR) program into this comprehensive strategy, and as a result, will not release its NSR report this week. Whitman spoke with President Bush today about this important proposal.
Our top priority is protecting public health and the environment, and we are in the final stages of developing a comprehensive strategy that will allow us to take the next step forward into a new generation of air pollution controls for the 21st century," Whitman said. "This fall, we will put forward an ambitious proposal that will reduce air pollution from power plants significantly more than the existing system. Subsequently, we will release the NSR report called for by the National Energy Policy."
EPA and the White House are working to finalize the details of an ambitious legislative proposal that will set strict limits on utility emissions of the three major air pollutants that affect public health - nitrogen oxides (NOx), sulfur dioxide (SO2), and mercury - through the use of an innovative and effective market-based approach. In addition, the air pollution reduction strategy will address concerns about the NSR program's effect on energy efficiency and capacity.
The Administration's proposal will maintain stringent health-based standards and establish firm, mandatory caps on levels of pollution, while providing industry with the flexibility to find the most cost-effective means of meeting those standards. This approach would also significantly reduce the administrative burden on state and federal environmental agencies, allowing them to devote limited resources to other programs. |
Bob,
I have finished my review of the EOL GTC's in light of the desk's desire to
offer DW48 online. I will forward the revised GTC's to you shortly (FYI - we
have revised the GTC's to contemplate DW48 and have also taken the
opportunity to make a few clean-up edits that we've been holding until we had
the opportunity to modify the GTC's).
I would prefer to continue to refer to the Pooling Points as "Market Pooling
Points" as that is what is contemplated by the GTC's and it is consistent
with our Master Bandwidth Purchase and Sale Agreement and other Master
Bandwidth Documentation. If there is an uproar about this, I can revise the
GTC's accordingly - otherwise, please use the "Long Descriptions" that Jeff
Blumenthal prepared as he wrote them.
I have confirmed with the regulatory group that we don't have regulatory
issues with this product as EOL is not available to the general public. We
have slightly revised the attachment below (BQOS DW48) so that it comports
with the GTC's - it will be attached to the GTC's that I send you as Annex
A-4.
Please call with any other questions or comments! All the best!
Cynthia
Robert B Cass@ECT
06/29/00 09:20 AM
To: Cynthia Harkness/Enron Communications@Enron Communications, Mark
Taylor/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Zal Masani/Enron
Communications@Enron Communications
Subject: Legal review of New Product for approval in EOL - US Bandwidth
DW-48 Phy Fwd
Cynthia -
I am a member of the EOL Product Control (Documentation) team requesting your
review and advice regarding the set-up of a new Product Type (Bandwidth
DW-48) to be traded by Richard Schneider. He has expressed great urgency in
setting up this product quickly for trading online and your assistance is
most appreciated.
The memo (further below this e-mail) relates to the Product Type description
for Bandwidth DW-48. It is identical to those descriptions for Bandwidth
DS-3, OC-3, and OC3c, which are currently online with the exception of that
which is highlighted in red. If it meets with your approval, please advise
Mark Taylor so that he may approve it in the EOL system.
Richard Schneider has forwarded a QoS attachment for DW-48 to add to the
GTC's. Please advise if it meet with your approval. If it does, please
provide us with the GTC's inclusive of the QoS for DW-48.
In addition, there are 13 paired city locations that need to be created in
EOL for the existing product types and the DW-48. Currently there is only
one location description and it is for the New York - Los Angeles paired
cities. It reads as follows:
The Transaction shall be for Bandwidth between the New York Market Pooling
Point (111 8th Avenue, Suite 1517, New York, NY 10011, NPA-NXX: 212-462,
CLLI: NYCMNY83H62) and the Los Angeles Market Pooling Point (530 W. 6th
Street, Suite 300, Los Angeles, CA 90014, NPA-NXX: 213-362, CLLI:
LSAJCAWZH04), for a total of 2,446 DSO miles.
The 13 paired cities utilize the same description parameters. However,
Richard has requested that the location descriptions for the 13 paired cities
be revised by deleting "Market" and replacing it with "Enron." The
following example references that change; please advise if this meets with
your approval:
The Transaction shall be for Bandwidth between the Seattle Enron Pooling
Point (2001 6th Ave., Eleventh Floor, Suite 1150, Seattle, WA 98121,
NPA-NXX: 206-770, CLLI: STTLWAWBH78) and the Portland Enron Pooling Point
(827 NE Oregon St., Suite 100, Portland, Oregon 97232, NPA-NXX: 503-232,
CLLI: PTLDORTIH04) for a total of 147 DSO miles.
Please call me at extension 35491 as I am available to discuss this in
person. Thank you!
- Rob Cass
---------------------- Forwarded by Robert B Cass/HOU/ECT on 06/29/2000 08:33
AM ---------------------------
Robert B Cass
06/28/2000 10:50 AM
To: Mark Friedman/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Jeff
Blumenthal/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Zal Masani/Enron
Communications@Enron Communications
Subject: New Product for approval in EOL - US Bandwidth DW-48 Phy Fwd
Your review of the following product in the EOL Datamanager under Product
Types "Partially Approved" is urgently needed. Please do not reject the
product - if you request changes, please call me at x 35491 and we will
discuss. The provision requiring your approval is stated as follows:
A US Bandwidth Transaction with Enron Broadband Services, L.P. ("EBS")
pursuant to which the Seller shall sell and the Buyer shall buy the quantity
of Bandwidth Units submitted by Counterparty via the Website. The number of
DSO's per DW-48 is 32,256. The price shall be as submitted by the
Counterparty via the Website. Any party entering into a Transaction to buy or
sell Bandwidth Units from or to EBS shall be responsible for connecting to
the Demarcation Point located at each Market Pooling Point in order to take
physical delivery of such Bandwidth. In order to achieve such connectivity,
a party may incur costs and expenses and may additionally be required to
execute certain documentation.
Thanks - Rob Cass
---------------------- Forwarded by Robert B Cass/HOU/ECT on 06/28/2000 10:33
AM ---------------------------
Robert B Cass
06/26/2000 02:34 PM
To: Mark Friedman/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT,
Stephen H Douglas/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT
Subject: New Product for approval in EOL
Please note that the following new product type is awaiting your approval in
the Enron Online Datamanager:
US Bandwidth DW-48 Phy Fwd
Please review at your earliest opportunity.
If you have any questions, please contact me.
- Rob Cass (x37625)
(x35491 effective 6/27) |
do you have these dates?
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
12:22 PM ---------------------------
[email protected] on 11/06/2000 10:07:32 PM
To: [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected],
[email protected], [email protected], [email protected],
[email protected], [email protected], [email protected]
cc: [email protected], [email protected], [email protected]
Subject: Interviewing for the Associate and Analyst Program
The off-cycle department of the Associate and Analyst program is looking
for volunteer interviewers for the following dates:
Thursday, November 9th from 9:00 a.m - 12:00 p.m
Thursday, November 16th from 9:00 a.m. - 12:00 p.m.
Thursday, December 7th from 9:00 a.m. -1:00 p.m.
Over 50 candidates will be interviewing over these 3 days. The candidates
will be a combination of Associates and Analysts representing schools such
as Princeton, Harvard, University of North Carolina, Notre Dame, University
of Illinois, Emory and many others. Each candidate will have 4 interviews.
Pending the outcome of their interviews we will invite them to stay and
attend Super Saturday that weekend. If for some reason we decide not to
further pursue the candidate, we will fly them home that Friday morning.
Also there will be continental breakfast at from 7:45 a.m. to 8:45 a.m.
(for all three dates) and a Luncheon from 12:30 p.m. - 2:00 p.m. (on Nov. 9
and Nov. 16th), the lunch will be at 1:30 for the Dec. 7th. Interviewers
are welcome to attend both the breakfast and the lunch on their
interviewing date. The interviewing, breakfast and lunch will take place
at the DoubleTree Hotel Downtown.
We are asking Enron employees associate (associates who have been with the
program for at least one year) level or higher to volunteer at least ONE
HOUR to interview candidates (this will be 2 interviews). If you can
volunteer for more than an hour or for more than just one of the stated
dates, that would be great! Your help is needed! Please contact my
assistant, Cathy Lira, at [email protected] or x54049 as soon as
possible, if you can volunteer any time for interviewing.
If you have any questions please do not hesitate to contact me.
Once again, thanks,
Althea
Althea P. Gordon, JD
Recruiter
Associate & Analyst Programs |
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/04/2000
08:33 AM ---------------------------
Angela Barnett
08/04/2000 05:54 AM
To: Regina Blackshear/Corp/Enron@ENRON, Angela Gill/NA/Enron@Enron, Sandra R
McNichols/HOU/ECT@ECT, Leslie Smith/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT,
Pamela Mitchell/HOU/ECT@ECT, Nikki Johnson/NA/Enron@Enron, Warren
Perry/Corp/Enron@Enron, Derick Jones/Corp/Enron@Enron, Diane
Salcido/Corp/Enron@Enron, Jorge Olivares/Corp/Enron@ENRON, Eve
Puckett/Corp/Enron@ENRON, Judy Walters/HOU/ECT@ECT
cc:
Subject: Fwd: Prayer
---------------------- Forwarded by Angela Barnett/HOU/ECT on 08/04/2000
05:52 AM ---------------------------
Mary Westbrook <[email protected]> on 08/04/2000 05:43:32 AM
To: Mabel Abrasley <[email protected]>
cc:
Subject: Fwd: Prayer
Note: forwarded message attached.
__________________________________________________
Do You Yahoo!?
Kick off your party with Yahoo! Invites.
http://invites.yahoo.com/
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From: [email protected]
Message-ID: <[email protected]>
Date: Thu, 3 Aug 2000 21:13:57 EDT
Subject: Prayer
To: [email protected]
MIME-Version: 1.0
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> >
> > Some people, it seems, get offended way too easily.
> > I mean, isn't that
> > what all
> > > this prayer hullabaloo is all about - people
> > getting offended? Those of
> > us in
> > > the majority are always tippy-toeing around,
> > trying to make sure we don't
> > step
> > > on the toes or hurt the feelings of the humorless.
> > And you can bet
> > there's a
> > > lawyer standing on every corner making sure we
> > don't. Take this prayer
> > deal.
> > > It's absolutely ridiculous. Some atheist goes to
> > a high school football
> > game,
> > > hears a kid say a short prayer before the game and
> > gets offended. So he
> > hires a
> > > lawyer and goes to court and asks somebody to pay
> > him a whole bunch of
> > money for
> > > all the damage done to him. You would have
> > thought the kid kicked him in
> > the
> > > crotch. Damaged for life by a 30-second prayer?
> > Am I missing something
> > here?
> > >
> > > I don't believe in Santa Claus, but I'm not going
> > to sue somebody for
> > singing a
> > > Ho-Ho-Ho song in December. I don't agree with
> > Darwin, but I didn't go out
> > and
> > > hire a lawyer when my high school teacher taught
> > his theory of evolution.
> > Life,
> > > liberty or your pursuit of happiness will not be
> > endangered because
> > someone says
> > > a 30-second prayer before a football game. So
> > what's the big deal? It's
> > not
> > > like somebody is up there reading the entire book
> > of Acts. They're just
> > talking
> > > to a God they believe in and asking him to grant
> > safety to the players on
> > the
> > > field and the fans going home from the game.
> > >
> > > "But it's a Christian prayer," some will argue.
> > Yes, and this is the
> > United
> > > States of America, a country founded on Christian
> > principles. And we are
> > in the
> > > Bible Belt. According to our very own phone book,
> > Christian churches
> > outnumber
> > > all others better than 200-to-1. So what would you
> > expect - somebody
> > chanting
> > > Hare Krishna? If I went to a football game in
> > Jerusalem, I would expect
> > to hear
> > > a Jewish prayer. If I went to a soccer game in
> > Baghdad, I would expect to
> > hear
> > > a Muslim prayer. If I went to a ping-pong match
> > in China, I would expect
> > to
> > > hear someone pray to Buddha.
> > >
> > > And I wouldn't be offended. It wouldn't bother me
> > one bit. When in
> > Rome...
> > > "But what about the atheists?" is another
> > argument. What about them?
> > Nobody is
> > > asking them to be baptized. We're not going to
> > pass the collection plate.
> > Just
> > > humor us for 30 seconds. If that's asking too
> > much, bring a Walkman or a
> > pair of
> > > ear plugs. Go to the bathroom. Visit the
> > concession stand. .. Call your
> > > lawyer.
> > >
> > > Unfortunately, one or two will make that call. One
> > or two will tell
> > thousands
> > > what they can and cannot do. I don't think a
> > > short prayer at a football game is going to shake
> > the world's
> > foundations. Nor
> > > do I believe that not praying will result in more
> > serious injuries on the
> > field
> > > or more fatal car crashes after the game. In
> > fact, I'm not so sure God
> > would
> > > even be at all these games if he didn't have to
> > be. That's just one of
> > the
> > > downsides of omnipresence. If God really liked
> > sports, the Russians would
> > never
> > > have won a single gold medal, New York would never
> > play in a World Series
> > and
> > > Deion Sanders' toe would be healed by now.
> > >
> > > Christians are just sick and tired of turning the
> > other cheek while our
> > courts
> > > strip us of all our rights. Our parents and
> > grandparents taught us to
> > pray
> > > before eating, to pray before we go to sleep. Our
> > Bible tells us just to
> > pray
> > > without ceasing. Now a handful of people and
> > their lawyers are telling us
> > to
> > > cease praying. God, help us.
> > >
> > > And if that last sentence offends
> > you-well............just sue me.
> > >
> > >
> > >
> >
> >
> > |
At Enron, we,re good at a lot of things: making markets, commoditizing
products, managing risk, offering innovative energy solutions to customers )
the list goes on and on. However, one of the things we could do a lot better
is watching our expenses. We,re all shareholders in this company, and we
need to spend our company,s dollars as wisely as we spend our own.
There are some simple, yet significant measures each of us can take to make
sure we,re careful with Enron,s money. The Policy Committee has approved and
recommended the following:
? Professional Services ) This is our largest area of discretionary spending,
at more than $600 million last year. &Professional Services8 includes our
contracts with outside law and accounting firms, contractors and other
consulting groups. To make sure that we are negotiating the best rates and
terms of service for the company across business units, we are requiring all
future professional service contracts and those up for renewal to be
negotiated through or in consultation with Global Strategic Sourcing (GSS),
effective July 1. In addition, contracts for more than $5,000 must be
pre-approved by the business unit senior executive or their designee and
GSS. For more information, see http://ibuyit.enron.com.
? On-line expense reporting tool XMS ) XMS, our online expense reporting
tool, enables us to expedite, monitor and report expenses. Effective July 1,
all employees on domestic U.S. payroll will be required to use XMS for
reimbursement of business-related expenses. To access XMS, go to
http://xms.enron.com/.
? Enterprise wide portal ) We currently have 122 internal web sites across
the company. The amount of technology work, marketing collateral, and other
related costs required to develop and support so many portals is sizeable.
It makes sense to have one Enron portal so you can efficiently access content
and services through a single, personalized channel that will make it easier
for you to find information and perform basic tasks online. This new
company-wide portal, under the leadership of Tony Mends, will be launched in
several phases beginning this fall.
Another significant area where we can be more diligent in our spending is
travel and entertainment. Enron has long had travel policies in place. As
we have grown, we have not done as well as we should have in communicating
those policies to new employees and reminding all employees to take advantage
of the discounts we have negotiated. The availability of discounts and
booking services online should make it easy to save money for the company
without sacrificing the comfort of employees who travel. The following are
common sense recommendations that we should all adhere to when traveling for
business. Any regular deviations from these travel policy recommendations
will be reviewed by each business unit leader.
? Air travel ) Employees are requested to use either Travel Agency in the
Park (TAP) or the GSS-approved preferred travel agency for your location -
all of which have access to the significant airfare discounts negotiated by
GSS - or http://clicktrip.enron.com/enron, the new online travel booking
service that allows employees to book their own travel with the same
negotiated discounts. Employees who fly in the United States should book
non-refundable coach tickets, which are typically 65 percent less than
refundable tickets and can usually be changed by simply paying a $100 fee.
For this reason, we strongly encourage all employees to purchase
non-refundable domestic coach tickets when possible.
? Lodging ) GSS has also negotiated preferred rates at a number of hotel
chains in many cities worldwide to accommodate each business unit,s
individual hotel policy. We recommend that you use Enron,s list of preferred
hotels to select accommodations that are in line with your business unit,s
policies. You can view the list at http://travel.enron.com.
? Car rental services ) When renting a car for business travel, employees
should use our preferred car rental agencies ) National (U.S. and Canada) and
Alamo (U.S.)- since the agreements we have negotiated are intended to protect
you and Enron through the insurance coverage in our contract. Visit
http://travel.enron.com for details and updates to services available outside
the U.S.
? Off-site meetings ) All domestic-U.S. off-site meetings and events with
more than 10 people should be coordinated through GSS, which will negotiate
preferred rates for Enron. They can be reached at (713) 646-8311.
Because there are differences between business units and offices, each
business unit leader will follow up this memo with a communication further
elaborating on these policies as they apply to their business unit.
Each of us has a responsibility to make sure we do our part to ensure Enron
retains its competitive edge. These recommendations are some basic, sensible
actions we can take company-wide, but it is up to every employee to look for
cost saving measures and do what makes sense in your daily activities. If
you have an idea or a suggestion you would like to share with us, please
e-mail us at [email protected]. A list of questions
and answers about these policies is posted on
http://ibuyit.enron.com/gss/ibuyit/csfaq.doc. If you have additional
questions, Policy Committee member Kevin Hannon will host an eSpeak on
Tuesday, June 19 at 10 a.m. Houston time to discuss these cost saving
recommendations. |
Dutch - there is a mess with Fimat and since you used to run John's book and may see something in this situation I do not, I wondered if you could give me any feedback in this before I send it to Deffner. Thanks, Sarah
On Tuesday, Oct. 30 Warren Tashnek (Fimat Houston) and Steve Forman (Fimat NY) telephoned me to inform Enron that Fimat cut its trading lines from $20 million to $11 million for Enron. This cut is irrespective of the $20 million credit limit we have from Soc Gen for the margin line. (Soc Gen is the bank that owns Fimat brokerage.) Fimat made this decision based on the following events according to Steve:
Thursday 10/25
ENE positions were expitted from ABN to Fimat. The positions came from existing positions at ABN, JP Morgan, SSB and Goldman Sachs. Generally brokers agree how to handle expitting of trades including the transfer of cash associated with the moving of the trades.
Specifically a major issue evolved with ABN and Fimat. In this case, Fimat agreed with ABN to transfer the trades at the trade price and then rebook them at the trade price. There was a $10 million variation margin associated with this transfer of trades at the trade price which ABN agreed to send on Friday to Fimat. Since Fimat agreed to accept the trades at the trade price, Fimat was exposed in the event that ABN did not send the $10 million on Friday. If Fimat had agreed to transfer the trades at the settlement rate instead of the trade price then Fimat would not have been exposed for $10 million in variation margin on Thursday night.
Friday, 10/26
On Friday, Fimat did not receive its $10 million from ABN as agreed. When Fimat called ABN, ABN told Fimat that ENE called ABN and instructed ABN to send the money directly to ENE. This left Fimat exposed for $10 million on behalf of Enron.
On Friday morning, Fimat brokerage statements showed that ENE was owed $28 million by Fimat. Fimat sent $5.7 million to Soc Gen to pay down the Soc Gen margin line for Enron. This left $22 million available for ENE but Fimat wanted its $10 million. This led to confusion between Enron and Fimat.
On Friday, there was a conversation between Fimat NY and Fimat Montreal. Fimat Montreal asked Fimat NY to take positions on behalf of ENE. The number of positions and the variation margin associated with these positions were undisclosed.
Very late on Friday, HSBC tried to transfer Canadian positions to Fimat Canada without an account for Enron at Fimat Canada.
Based in the bad press on Enron and the gossip in the financial community right now, Fimat NY told Fimat Montreal to refuse the transfer.
Fimat wants to know why Enron is expitting trades from bigger brokerage houses that have increased risk allocations fro Enron. Fimat is uncomfortable with these events.
Monday, 10/29
Fimat decides it wants an explanation from Enron. Fimat wants to reassess the brokerage statements and double check both the amount of money transferred to them and also the positions transferred. Fimat informed Enron that it would not move money based on brokerage statements alone. Fimat would not confirm to Enron what amounts of money should actually move until later in the day. This does not work for Enron as we must inform our Treasure by 8:00 am as to what cash transfers will occur. Under our current loan agreement with Soc Gen, Fimat informs Soc Gen by 12:00 noon if money should move so Fimat is changing its way of doing business with Enron based on its discomfort with ENE as a counter party.
Tuesday, 10/30
100 positions were expitted to Fimat to offset the gas positions from ABN.
Fimat proposed solutions
$3 million T-bill posted to Fimat as collateral on ENE behalf
Guarantee to Fimat with respect to trading from ENE (although ENE has already posted guarantee to Soc Gen for margin line)
ENE to convince Soc Gen to guarantee to Fimat that Soc Gen will make payments on ENE's behalf
My tkae on the situation:
Fimat is upset based mainly on Enron's handling of expitted trades and bad press. I told Fimat that I believed the reason trades were expitted to Fimat was that ENE wanted to move its positions to brokers who were offering margin lines to ENE. I promised to look into our handling or mishandling of the situaiton but it seems that disorganization rather than ill intent was responsible for Fimat's inconveniences. I explained that Enron is prepared neither to mediate between Soc Gen and Fimat nor to cause Soc Gen to make payments to Fimat on our behalf. That issue should have been resolved when the amrgin line was set up and the payment mechanism has been working fine so far. As far as the confusion with ABN, we were not party to the discussions betweeen Fimat and ABN and can not make any comment to that. Finally we can not make margin payments to Fimat when we do not have proper notice time. I am sorry that there is bad press out there but I do not think we should give Fimat special permission to comb through our statements on an on going basis. This may have been necessary for them earlier this week but they need to get their act together and get the proper number to us early in the morning like all the other brokers.
We need to determine how much we need Fimat right now. I am not inclined to entirely blow them off especially sinces I do not want them to tell other brokers that we are acting strangely and hurt our reputation further right now. At the same time, no one around Enron needs more work right now and we can not hold a high maintenance broker's hand hand every step of the way. Let's decide what to do and implement.
Sarah |
I will get the #'s for you (hopefully tonight).
-----Original Message-----
From: Kitchen, Louise
Sent: Tuesday, November 20, 2001 4:26 PM
To: Mrha, Jean
Cc: Sherman, Cris; Miller, Kevin; Druzbik, Lisa; Josey, Scott
Subject: RE: Pluto/ MEGS Update
Cris
What exactly are the economics of this transaction?
If this at, below or above book?
Thanks
Louise
-----Original Message-----
From: Mrha, Jean
Sent: Tuesday, November 20, 2001 4:16 PM
To: Kitchen, Louise
Cc: Sherman, Cris; Miller, Kevin; Druzbik, Lisa; Josey, Scott
Subject: Pluto/ MEGS Update
Importance: High
Louise,
Please see the attached correspondence below between ENA, Duke and Mariner. Via facsmille, ENA has received a non-binding offer of $14.1 MM with a proposed effective date as of December 1, 2001, but the transaction would most likely close mid-December. A meeting has been set up between ENA and Mariner to discuss data needed to address remaining due dilgence items on 11/27/01. A follow-up meeting with Duke is scheduled for 11/28/01.
If you have any further questions, please contact me at my father's house (1-716-667-0107) or Ms. Lisa Druzbik (713-853-9620). Lisa has been working with Kevin Miller to divest of the MEGS flowline and will be working tomorrow.
Regards, Jean
-----Original Message-----
From: Druzbik, Lisa
Sent: Tue 11/20/2001 3:15 PM
To: '[email protected]'
Cc: Miller, Kevin; Mrha, Jean
Subject: FW: MEGS Pipeline
Scott,
Thanks for the message. Duke's non-binding offer made today is $14.1MM in cash with a proposed effective date of December 1, 2001 and includes an acceptable premium over the minimum cash flow stream (Duke faxed the offer letter, therefore, I cannot forward it electronically).
Duke e-mailed their outstanding due diligence items (see attached e-mail); we need Mariner's assistance to answer many of the questions listed and to provide appropriate documentation. As mentioned earlier, Kevin Miller and I would like to meet with you and others at Mariner to discuss the due diligence list and action plan; we plan to come to your offices on Monday, November 26th at 1:30.
Let me know if you have any questions or comments.
Thanks,
Lisa A. Druzbik
Manager
Upstream Products
Enron North America
713-853-9620
-----Original Message-----
From: Stephen P. Noe [ <mailto:[email protected]>]
Sent: Tuesday, November 20, 2001 11:36 AM
To: Druzbik, Lisa; Miller, Kevin
Subject: MEGS Pipeline
As we discussed, the following is a list of diligence items that we would
like to explore further. This list is not all inclusive and we may need to
discuss additional items as we continue with due diligence. Please let me
know when we could meet to discuss them further. Kevin and I had
tentatively scheduled a November 28, 2001 meeting to discuss development of
Purchase and Sale Agreements and possibly some of the items listed below:
Assuming that the MEGS system includes the riser and topside equipment
on Marathon's SP89 platform, we will need verify potential liability for
the same and any agreements addressing such access. We would also like
to review the production handling agreement between Burlington/Mariner
and Marathon to verify the impact it may have on the future operation of
the system
We will need a definitive representation from Enron as to the status of
the producers committment obligations as of December 1, 2001 as defined
in the gathering agreements, including any credits due from prior years
excess flows. It is our understanding that for the month of December
there will be a $93,000 credit to the payment due Gatherer and there are
no credits due in 2002.
In the Gathering Agreement "Project Payout" is referenced from the
Producer's JOA. Please provide verification that this payout has
occured, the ownership percentage is now 51% Mariner and 49% Burlington
and that there is no future change that could affect the MEGS agreements
Need to review sample invoices, sample gas and condensate measurement
statements and demonstration of timely payment of such invoices by
producers
Have there been any leaks incurred and/or reported on the system? Are
there any outstanding environmental issues on this system?
It is assumed that Enron/MEGS will be responsible to obtain any
assignments/consents that may be required to complete the transaction.
Please verify that this will be done.
The agreement stipulates that the insurance required is to include
business interruption coverage. Please provide the coverage
declarations of the existing policy in effect for the system as a
reference for DEFS
Please provide a contact person who can discuss the environmental status
of the system with a DEFS EHS representative
Who is the MMS right of way owner and who is the MMS operator of record.
Please verify that the appropriate party has provided the MMS with a
"Certificate of Financial Responsibility"
We may want to schedule a site visit to SP89. Please provide the
contacts to make these arrangements
We would like to review any additional pipeline engineering data and
material specifications available, inspection and hydrostatic test
reports, as-built drawings, environental reports/permits, rights of
way/permit documents and other related engineering and construction
information
I will continue to provide you with additional questions that arise.
Thanks and please let me know if you have any questions.
Steve Noe
Phone: (713) 627-6249
Fax: (713) 627-6271 |
November 30, 2001
Notice No. 01-410
TO: NYMEX DIVISION MEMBERS AND MEMBER FIRMS
NYMEX DIVISION CLEARING MEMBERS
FROM: J. Robert Collins, Jr., President
SUBJECT: NEW TEMPORARY NYMEX RULE: EXCHANGE OF OTC ENERGY OPTIONS FOR
NYMEX ENERGY OPTIONS
____________________________________________________________________________
_____
Yesterday, the Exchange distributed Notice to Members No. 01-409, which
summarized a new temporary procedure going into effect today that permits
the exchange of OTC energy options for NYMEX energy options (EOO). As an
informational follow-up to yesterday's notice, this notice includes the text
of the new temporary EOO rule.
NEW TEMPORARY NYMEX RULE 6.21E
Rule 6.21E. EXCHANGE OF OTC ENERGY OPTIONS FOR, OR IN CONNECTION WITH
NYMEX ENERGY OPTIONS (Temporary Rule)
(A) (1) An exchange of Exchange energy options for, or in connection with,
an over-the counter ("OTC") energy options product (or an OTC product with
similar characteristics) (hereafter an exchange of options for options or
"EOO") consists of two discrete, but related, transactions; an OTC options
transaction and an Exchange options transaction. At the time such
transaction is effected, the buyer and seller of the Exchange options must
be, respectively, the seller and the buyer of the OTC options. The OTC
options component shall involve the commodity underlying the related futures
contract to the Exchange options contract (or a derivative, by-product or
related product of such commodity). The quantity covered by the OTC options
must be approximately equivalent to the quantity covered by the Exchange
options contracts. This temporary rule shall terminate thirty (30) days
following the effective date of the implementation of the rule.
(2) Restriction on Eligible Contracts. EOO transactions may be
effected for transactions in any of the Exchange's energy options contracts.
(3) Restriction on Transactions. An EOO that establishes a NYMEX
options position for both buyer and seller shall not be permitted on the
first business day following the expired NYMEX contract.
(B)(1) The report of an EOO transaction shall be given on
the Floor of the Exchange during the hours of futures trading. (2) EOO
transactions are permitted until trading terminates on the last day of
trading in the applicable expiring options contract month.
C) A report of such EOO transaction shall be submitted to the Exchange by
each Clearing Member representing the buyer and/or seller. Such report
shall identify the EOO as made under this Rule and shall contain the
following information: a statement that the OTC options component of the EOO
complied with any applicable CFTC regulatory requirements at the time the
EOO was entered into between the buyer and seller, a statement that the EOO
has resulted or will result in a change of payments or other such change,
the kind and quantity of the options, the price at which the options
transaction is to be cleared, the names of the Clearing Members and
customers and such other information as the Exchange may require. Such
report (form) shall be submitted to the Compliance Department by 12:00 noon,
no later than two (2) Exchange business days after the day of posting the
EOO on the Floor of the Exchange.
(D)(1) Each buyer and seller must satisfy the Exchange, at its request, that
the transaction is a legitimate EOO transaction. Upon the request of the
Exchange, all documentary evidence relating to the EOO, including relevant
OTC documentation, shall be obtained by the Clearing Members from the buyer
or seller and made available by the Clearing Members for examination by the
Exchange. Additionally, if the buyer or seller is a Member/Member Firm, the
Exchange may obtain the information directly from such person(s).
(2) No EOO that is linked to or contingent upon entry into a second,
offsetting OTC options transaction may be transacted at any time.
(3) Failure by a buyer or seller, or its Clearing Member to satisfy the
Exchange that an EOO transaction is bona fide shall subject such buyer or
seller, if a Member/Member Firm, or the Clearing Member to disciplinary
action. Such disciplinary action, depending on the gravity of the offense,
may be deemed to be a major offense of the Exchange's rules. Further, if
the buyer or seller is not a Member/Member Firm, the Exchange may conduct a
hearing before the Business Conduct Committee to limit, condition or deny
access to the market.
(E) Each EOO transaction shall be posted by the Floor Members and cleared
through the Exchange in accordance with normal procedures and by the
Clearing Members involved.
(F) All omnibus accounts and foreign brokers shall submit a signed EOO
reporting agreement in the form prescribed by the Exchange to the Exchange?s
Compliance Department. Such Agreement shall provide that any omnibus
account or foreign broker identified by a Clearing Member (or another
omnibus account or foreign broker) as the buyer or seller of an EOO pursuant
to Rule 6.21A(C), shall supply the name of its customer and such other
information as the Exchange may require. Such information shall be
submitted to the Exchange?s Compliance Department by 12:00 noon no later
than two (2) Exchange business days after the day of posting the EOO on the
Floor of the Exchange. Failure by an omnibus account or foreign broker to
submit either the agreement or the particular EOO information to the
Exchange may result in a hearing by the Business Conduct Committee to limit,
condition or deny access of such omnibus account or foreign broker to the
market. |
Start Date: 4/22/01; HourAhead hour: 21; HourAhead schedule download failed.
Manual intervention required.
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BUSINESS HIGHLIGHTS
Enron Industrial Markets
The Transaction Development group (TD) is responsible for corporate
development, transaction execution and portfolio management activities within
EIM. TD is responsible for asset and corporate acquisitions to support EIM,s
efforts in the Forest Products and Steel industries. TD works with EIM,s
Forest Products and Steel Origination groups to structure and execute complex
transactions for EIM,s customers. TD also manages EIM,s equity investments,
such as EIM,s ownership position in Papier Masson, Ltee, a paper mill in
Quebec, Canada.
TD is comprised of approximately 20 professionals with a wide range of
backgrounds including investment banking, commercial banking, management
consulting, law, project development, accounting and engineering. In
addition, the majority of the analysts and associates within EIM work in TD
since it provides a strong base of deal experience for junior members of our
organization.
Enron Freight Markets
Enron Freight Markets has continued to expand the transportation services
offered to its customers and completed several flatbed truck moves outbound
from Georgia this week. There was a shortage of flatbed equipment supply in
this market and EFM was able to obtain more than three times the normal
margin on each move.
IN THE NEWS
"Enron's bilateral internet trading platform, EnronOnline, was launched in
November 1999 and is the largest e-commerce site on the planet based on the
value of its transactions. As EPRM went to press, it had average daily
trading volume of $3.5 billion, accounting for nearly 50% of the company's
revenues from wholesale marketing activities." -- Energy Power Risk
Management, May 2001
WELCOME
New Hires
EIM - Cheryl Lindeman
ENA - Chris Bystriansky, Paula Craft, Eugene Lee, Bhalachandra Mehendale,
Sarah Wooddy
Transfers (to or within)
ENA - Grace Taylor, Steven Irvin, Dina Snow
NUGGETS & NOTES
Enron is hosting the Chicago Energy Risk Management Seminar at The Drake
Hotel in Chicago on June 14, 2001. Topics include: Power Outlook, Natural
Gas Outlook, Hedging Strategies, Weather Risk Management and Pulp and Paper
Risk Management. The RSVP deadline is June 8th so please contact Laura Pena
as soon as possible at x 3-5376. This is a great event for "new" as well as
established customers. There will be a cocktail reception immediately after
the presentations. Enron will also be hosting seminars in Atlanta, Houston,
Denver and San Francisco. Dates to be announced soon.
Travel tip of the week:
Flights reserved through Travel Agency in the Park provide you with $150,000
of flight insurance at no additional charge.
EnronOnline Statistics
Below are the latest figures for EnronOnline as of May 29, 2001.
* Total Life to Date Transactions > 1,015,000
* Life to Date Notional Value of Transactions > $610 billion
NEWS FROM THE GLOBAL FLASH
Enron arranges first gas pipeline import into Italy
Enron has continued its pioneering activities in the Continental gas market
by arranging the first gas import into Italy. The Italian team worked with
the Continental Gas desk to arrange this strategically important agreement
with Blugas SpA., the wholesale gas company formed by the municipalities of
Cremona, Lodi, Mantova and Pavia in north-eastern Italy. Enron has sourced
100,000 cubic metres per day of natural gas from northern Europe to transport
to Italy, transiting it through Germany and Switzerland, despite fierce
resistance from Ruhrgas and TransitGas respectively.
Aside from isolated LNG imports by incumbent monopolies this is the first
time that any company has managed to import natural gas by pipeline into
Italy since the Italian gas sector was officially liberalised in August 2000.
The gas, which started flowing at 06.00 on Thursday 17th May 2001, will be
used to meet the needs of two thirds of Blugas' residential customers within
the four municipalities. The current contract lasts for five months.
Congratulations to Fabio Greco, Carsten Haack, Didier Magne, Michael Schuh,
Marco Lantieri and Daniela Uguccioni.
Enron in the Middle East
Enron has relinquished its stake in Dolphin Energy, the joint venture company
formed to develop gas reserves in Qatar.
Enron has agreed to transfer its 24.5 per cent stake in the project to the
United Arab Emirates Offset Group (UOG), the majority shareholder. The
agreement allows Enron to deploy capital elsewhere and gives UOG the
opportunity to seek new partners before the project moves into its next phase.
Development of the Emden/Oude gas hub moves ahead fast
An important milestone in the evolution of the new gas trading hub on the
Dutch-German
border was reached last week. Last Friday some of the major European gas
players held a meeting to officially establish the Emden/Oude gas hub.
Although Enron had already initiated the development of the Emden/Oude hub by
making a market through EnronOnline as early as December 2000, the goal of
this meeting was to set up a working group similar to the Zeebrugge focus
group who can work on setting a legal framework for the Emden/Oude hub.
Enron was elected as the only new market entrant in this group, reflecting
the high level of respect industry peers have for Enron as a major player in
the Continental gas market -- even from incumbents!
LEGAL STUFF
The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries. It is intended for internal use only
and should not be disclosed. |
I have forwarded the attached to our tax guys to make sure they are both in agreement and have nothing to add. Please let me know if you have any questions or comments.
-----Original Message-----
From: Markel, Gregory A. [mailto:[email protected]]
Sent: Saturday, July 21, 2001 6:06 AM
To: Brownfeld, Gail; '[email protected]'
Cc: Johnson, Christopher P.
Subject: FW: Sempra tax rate
Greg Markel
Brobeck Phleger & Harrison
1633 Broadway
New York, New York 10019
Phone: 212 237 2592
Fax 212 586 7878
[email protected]
-----Original Message-----
From: Martin, Keith [mailto:[email protected]]
Sent: Friday, July 20, 2001 2:16 PM
To: '[email protected]'; '[email protected]'
Subject: Sempra tax rate
Greg and Chris,
As best we can tell, Sempra is not in a position currently to use
section 29 tax credits. This is based on the following bits of evidence.
1. A company cannot claim section 29 tax credits in years when it
pays no taxes or pays them under the alternative minimum tax (rather than
the regular corporate income tax).
2. Section 29 credits cannot be carried forward. A company must use
them or lose them. The one exception is in a year when the company is on
the alternative minimum tax, the credit turns into a so-called AMT credit
and can be carried forward. It must be used in that case in the first year
the company comes off the AMT.
3. It appears from Sempra's 10-K that it was in a net operating loss
position in 2000. The company shows "current" federal income taxes of -$8
million. It also shows "deferred" federal income taxes last year of $207
million. According to Morris Meltzer, tax director at PG&E's unregulated
affiliate, this means that the company had more book income than taxable
income last year. The deferred tax liability reflects the taxes the company
expects to have to pay in the future as a result of this disparity.
4. Sempra's 10-Q for the first quarter 2001 shows positive current
tax liability of $74 million. However, Jack Casey, vice chairman of
Meridian Investments, told me that Sempra expects to be in a net operating
loss position for the year. Meridian has been hired by Sempra to sell
Sempra's interest in the Carbonronics syncoal facilities. I asked Casey why
Sempra wants to sell -- is it because it can't use the tax credits or
because it has soured on investing in syncoal projects given all the bad
publicity? Casey said it cannot use the tax credits.
In other news, the IRS has not budged on its plan to limit the
capacity of plants to which it issues rulings to absurdly low numbers. The
industry has complained to the Treasury, and there have been discussions at
senior levels of Treasury and the IRS, but no reports back on where these
internal talks are headed.
Detroit Edison has a meeting with the IRS on its ruling request next
Tuesday. The IRS has said it will limit capacity at the DTE facility to
198,000 tons a year.
I assume you saw the article last Thursday in the Wall Street
Journal about syncoal projects. It was on the front page. As far as I can
tell, all proposed sales of syncoal plants in the market are on hold. This
is a consequence of the Wall Street Journal article and the impasse with the
IRS over capacity. The industry is starting to think it may have won a
political battle earlier this year at Treasury, but lost the war. The IRS
bureaucrats will have the final say.
Joe Makurath, the IRS rulings group chief, said he is getting a
number of FOIA requests for documents about projects on which the IRS has
already ruled. He said he intends to be liberal in releasing information.
There are rumors that the Wall Street Journal may be one of the
organizations seeking information and may be at work on a followup article.
The IRS launched an audit of four projects in West Virginia and
Virginia that many people consider to be on the best end of the spectrum.
The projects already have rulings that they qualify for credits. The IRS
appears to be gathering evidence to argue that they did not get into service
in time to qualify for tax credits or else that the projects failed to
comply with the rulings. It is sending out big guns from Chicago, and one
agent told the taxpayer that the IRS national office said "don't worry about
expense on this one."
I will try over the weekend to give you my comments on the
deposition transcripts. Sorry for the delay. If you don't find them when
you come in on Monday, they will be first on my to-do list that morning.
Keith
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are not the intended recipient of this e-mail, you are
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a list of attorneys, please see our website at
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---------------------- Forwarded by Jeffrey Keeler/Corp/Enron on 09/06/2000
06:39 PM ---------------------------
From: Jeffrey Keeler 09/06/2000 06:28 PM
To: James Prentice/GPGFIN/Enron@ENRON, Stanley Horton/Corp/Enron@Enron,
Shelley Corman/ET&S/Enron@ENRON, Ted Robinson/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, J Mark Metts/NA/Enron@Enron, Dwight
Larson/Corp/Enron@ENRON, Michael Terraso/OTS/Enron@ENRON, Marc
Phillips/OTS/Enron@ENRON, Jim Peterson/OTS/Enron@ENRON, Susan
Worthen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Kolb/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stacey Bolton/HOU/EES@EES, Sandra
McCubbin/SFO/EES@EES, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES, Rob Bradley/Corp/Enron@ENRON, Joe Allen/HOU/EES@EES, Joe
Hillings/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, John
Wodraska/HOU/AZURIX@AZURIX, Diane Bazelides/HOU/AZURIX@AZURIX, Jonalan
Page/PDX/ECT@ECT, Thomas Krueger/HOU/ECT@ECT, Clayton Seigle/HOU/ECT@ECT,
Chris Long/Corp/Enron@ENRON
cc:
Subject: Senate Environment Committee Markup Tomorrow (9/7)
On Thursday 9/7 (tomorrow, 9 a.m.), the Senate Environment and Public Works
Committee plans to mark up S. 2962, Chairman Bob Smith's legislation that
would remove the oxygenate mandate and phase out MTBE. It is expected to
be a very contested markup, with several Republicans and (hopefully) some
Democrats opposing the legislation on various grounds.
The basic provisions of the "Manager's Amendment" (the latest bill version
that will be the operative vehicle at the markup) include:
1) Removal of the federal mandate that 2% of RFG contain oxygenates --
states apply for a waiver
Comment: a state would need to do nothing but apply to have a waiver
approved. Ethanol does not like this provision, because it harms them too,
but the new "clean fuel" mandate (below) makes up for that.
2) A phase out of MTBE by 2004.
Comment: rather than setting year-by-year goals, it sets a date certain for
phase out in 2004 -- this is probably preferable for producers to transition
to making other additives, giving them 4 years to make the necessary
arrangements.
3) Environmental "Anti backsliding" language
-- air toxics must be 27.5% better than a baseline
-- criteria pollutants (this is still in development, drafted by NRDC) -
sets a 5 year baseline period and then looks at that baseline and
determines whether further action is warranted.
Comment: this is a weak anti-backsliding provision, that will weaken MTBE's
ability to hold on to market share on the basis that other additives are not
meeting environmental criteria.
4) Clean Alternative Fuels Program: a mandate for clean, renewable fuels
(mainly ethanol), ramps up over 10 years. It is estimated that the current
1.2 billion gallon market for ethanol would expand to 4.5 billion gallons in
that 10 year period.
Comment: This provision is the one that is causing most of the problems --
refiners, Highway Funding advocates (road builders, etc.) do not want to see
ethanol get such a boost. Senator Jim Inhofe (the Clean Air subcommittee
chairman) will vigorously try to remove this provision. In addition, ADM,
Cargil and the other big ethanol producers don't really prefer this approach
to an ethanol mandate. This may seem strange, but if there is simply an MTBE
ban with no ethanol mandate, the market for ethanol production would increase
quickly to 2.8 billion gallons, While this is smaller than the 10 year
number of 4.5 billion gallons envisioned by the bill's mandate, the larger
producers would be able to get a greater share and more money up front if
there is no mandate. If the mandate stays in place, there will be more
opportunity for smaller companies to build additional ethanol capacity to
meet the eventual 4.5 bg market.
5) LUST funding: releases more LUST money and allows it to be used for
remediation of MTBE spills.
There are numerous amendments planned on various issues, many of which deal
with the ethanol mandate. At this point, refiners (API, NPRA) are opposing
the bill over ethanol issues. MTBE producers (thorough the OFA) are
opposing the bill on a number of grounds and working with certain Republican
Senators (Kay Bailey Hutchison, Bob Bennett) to develop amendments that would
make the bill less acceptable.
Enron has not directly opposed the legislation, but is relying on OFA to do
most of that work. We have focused on issues related to "transition."
Stranded cost amendments may be offered, but are not expected to have much
traction. We were successful in getting Chairman Bob Smith to agree that if
this bill is passed by the Committee, they will address issues of transition
for MTBE producers before the bill goes to the Senate floor. He will engage
in a "colloquy" with Senator Kay Bailey Hutchison at the end of the markup in
which he will commit to work on these issues with Hutchison and other MTBE
supporters. A transition package could include tax relief or other
incentives for the production of other additives. In another recent
positive development, we have received signals that Democrats Tom Daschle and
Max Baucus will also support efforts to develop a MTBE transition package
before a bill reaches the floor. This is largely in an effort to neutralize
some of the MTBE industry opposition to a bill on the Senate floor.
I will keep you posted as developments occur, and likely send a report later
in the afternoon tomorrow. Please let me know if you have questions.
Jeff Keeler |
David,
Count me in. Never missed a party.
Vince
-----Original Message-----
From: Haug, David
Sent: Friday, August 31, 2001 3:08 PM
To: Cumberland, Shawn
Cc: Stabler, Frank; Bergsieker, Rick; Mahan, Mariella; Castagnola, Daniel; Shields, David; Sommers, Jeffrey E.; Koye, Ken; Miller, Michael L.; Curran, Greg; Lewis, James C.; Redmond, Brian; Gutierrez, Hector; Pantin, Ronald; Bonnard, Janie; Sayre, Frank; Russ, Mark; Makk; Vegas, Dennis; Smida, Ed; Hensel, Marc; Verma, Sandy; Vicens, Emilio; Arnell, Doug; Oehrle, Mike; Simpson, William; Cockrell-Freeman, Chris; Garcia, Maria E.; Uhl, Jessica; Crady, Ned E.; Leite, Francisco Pinto; Sierra, Rick; Alkhayat, Alhamd; Adler, Jon; Hernandez, David; Hernandez, Alex; Blanco, Ernesto; Melinchon, Ermes; Richardson, James; Blanco, Pedro; McCann, Steven K.; MacKay, Stephen; Avery, Janice; Perez-Bello, Jose; Caranti, Guido; Tortolero, Elio; Marrero, Javier; Watkins, Sherron; Rivera, Coralina; Mendoza, Miguel; Puig, Orlando; Tran, Agatha; Darensbourg, Joe; Rees, Martin; Galan, Joseph M.; Boe, Larry A. (Lawrence); Brown, Angela Y.; Ernest, Angela; Weekley, Alice; Newhouse, Marie; Rodriguez, Elaine; Castillo, Richard; Chavarria, Javier; Emrich, Chuck; Hunt, Christopher B.; Martinez, Mary; Webber, Les; Wapner, Beth; Zatarain, Brian; Kaminski, Vince J; Walls Jr., Rob; Buy, Rick; Delainey, David; Leff, Dan; Dietrich, Janet; Olson, Cindy; Kean, Steven J.; Metts, Mark; McCarty, Danny; Hughes, James A.; Fitzgerald, Jay; Kishkill, Joe; Dimichele, Rich; Sutter, Craig; Odland, Gary; Conner, Patrick; Stanley, Brian; Leach, Doug; Gonzales, Eric; Hicks, Michelle; Shapiro, Richard; Wasaff, George; Jackson, Shimira; Shawnfwd (E-mail); Shawn8888 (E-mail)
Subject: Re: Shawn's farewell email
Stay tuned for info on a multiparty adios/welcome back "event" targeting (deliberate choice of words) Shawn and others, probably Friday Sep 7. Send names of who all is leaving soon and inspired ideas.- - -Curran & Haug (P.S.- - probably not bowling)
From: Shawn Cumberland/ENRON@enronXgate on 08/30/2001 10:11 AM
To: David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank Stabler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mariella Mahan/ENRON@enronXgate, Daniel Castagnola/ENRON@enronXgate, David Shields/ENRON@enronXgate, Jeffrey E Sommers/ENRON@enronXgate, Ken Koye/HOU/EES@EES, Michael L Miller/ENRON@enronXgate, Greg Curran/ENRON@enronXgate, James C Lewis/ENRON@enronXgate, Brian Redmond/ENRON@enronXgate, Hector Gutierrez/HOU/EES@EES, Ronald Pantin/Ventane/Enron@Enron, Janie Bonnard/HOU/EES@EES, Frank Sayre/ENRON@enronXgate, Mark Russ/ENRON@enronXgate, Makk@/O=ENRON/OU=EU/CN=RECIPIENTS/CN=AMAKK@EX@enronXgate, Dennis Vegas/ENRON@enronXgate, Ed Smida/ENRON@enronXgate, Marc Hensel/ENRON@enronXgate, Sandy Verma/ENRON@enronXgate, Emilio Vicens/ENRON@enronXgate, Doug Arnell/ENRON@enronXgate, Mike Oehrle/ENRON@enronXgate, William Simpson/NA/Enron@Enron, Chris Cockrell-Freeman/HOU/EES@EES, Maria E Garcia/ENRON@enronXgate, Jessica Uhl/ENRON@enronXgate, Ned E Crady/ENRON@enronXgate, Francisco Pinto Leite/ENRON@enronXgate, Rick Sierra/ENRON@enronXgate, Alhamd Alkhayat/ENRON@enronXgate, Jon Adler/ENRON@enronXgate, David Hernandez/HOU/EES@EES, Alejandro Hernandez/ENRON@enronXgate, Ernesto Blanco/ENRON@enronXgate, Ermes Melinchon/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James Richardson/ENRON@enronxgate, Pedro Blanco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven K McCann/ENRON@enronXgate, Stephen MacKay/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janice Avery/HOU/EES@EES, Jose Perez-Bello/HOU/EES@EES, Guido Caranti/ENRON@enronXgate, Elio Tortolero/ENRON@enronXgate, Javier Marrero/Corp/Enron@Enron, Sherron Watkins/enron@EnronXgate, Coralina Rivera/ENRON@enronXgate, Miguel Mendoza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Orlando Puig/ENRON@enronXgate, Agatha B Tran/ENRON@enronXgate, Joe Darensbourg/ENRON@enronXgate, Martin Rees/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph M Galan/ENRON@enronXgate, Larry A Boe/ENRON@enronXgate, Angela Y Brown/ENRON@enronXgate, Angela Ernest/HOU/EES@EES, Alice Weekley/ENRON@enronXgate, Marie Newhouse/ENRON@enronXgate, Elaine Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Castillo/HOU/EES@EES, Javier Chavarria/ENRON@enronXgate, Chuck Emrich/HOU/EES@EES, Christopher B Hunt/ENRON@enronXgate, Mary L Martinez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Les Webber/ENRON@enronXgate, Beth Wapner/ENRON@enronXgate, Brian Zatarain/ENRON@enronXgate, Vince J Kaminski/ENRON@enronXgate, Rob Walls/ENRON@enronXgate, Rick Buy/ENRON@enronXgate, David W Delainey/HOU/EES@EES, Dan Leff/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Cindy Olson/ENRON@enronXgate, Steven J Kean/ENRON@enronXgate, Mark Metts/Enron@EnronXGate, Danny McCarty/ENRON@enronXgate, James A Hughes/ENRON@enronXgate, Jay Fitzgerald/NY/ECT@ECT, Joe Kishkill/SA/Enron@Enron, Richard Dimichele/ENRON@enronXgate, Craig H Sutter/HOU/EES@EES, Gary Odland/HOU/EES@EES, Patrick Conner/ENRON@enronXgate, Brian Stanley/NA/Enron@Enron, Doug Leach/ENRON@enronXgate, Eric Gonzales/ENRON@enronXgate, Michelle Hicks/ENRON@enronXgate, Richard Shapiro/ENRON@enronXgate, George Wasaff/NA/Enron@Enron
cc: Shimira Jackson/ENRON@enronXgate, "Shawnfwd (E-mail)" <[email protected]>@SMTP@enronXgate, "Shawn8888 (E-mail)" <[email protected]>@SMTP@enronXgate
Subject: farewell and thanks
Friends:
Tomorrow will be my last day at Enron. However, I will be near, as I will be taking a new position at El Paso in a few weeks.
I've enjoyed getting to know and work with you during my stay here.
I wish you all the greatest success.
Shawn
P.S. Prior to getting new contact information, I can be reached at [email protected] or on my cell (713.851.9578). |