text
string | label_id
int64 |
|---|---|
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Date: Fri, 4 May 2001 13:51:00 -0700 (PDT)
From: phillip.allen@enron.com
To: john.lavorato@enron.com
Subject: Re:
Body:
Traveling to have a business meeting takes the fun out of the trip. Especially if you have to prepare a presentation. I would suggest holding the business plan meetings here then take a trip without any formal business meetings. I would even try and get some honest opinions on whether a trip is even desired or necessary.
As far as the business meetings, I think it would be more productive to try and stimulate discussions across the different groups about what is working and what is not. Too often the presenter speaks and the others are quiet just waiting for their turn. The meetings might be better if held in a round table discussion format.
My suggestion for where to go is Austin. Play golf and rent a ski boat and jet ski's. Flying somewhere takes too much time.
| 0
|
Date: Wed, 18 Oct 2000 03:00:00 -0700 (PDT)
From: phillip.allen@enron.com
To: leah.arsdall@enron.com
Subject: Re: test
Body:
test successful. way to go!!!
| 1
|
Date: Mon, 23 Oct 2000 06:13:00 -0700 (PDT)
From: phillip.allen@enron.com
To: randall.gay@enron.com
Subject:
Body:
Randy,
Can you send me a schedule of the salary and level of everyone in the
scheduling group. Plus your thoughts on any changes that need to be made.
(Patti S for example)
Phillip
| 1
|
Date: Thu, 31 Aug 2000 05:07:00 -0700 (PDT)
From: phillip.allen@enron.com
To: greg.piper@enron.com
Subject: Re: Hello
Body:
Let's shoot for Tuesday at 11:45.
| 1
|
Date: Thu, 31 Aug 2000 04:17:00 -0700 (PDT)
From: phillip.allen@enron.com
To: greg.piper@enron.com
Subject: Re: Hello
Body:
Greg,
How about either next Tuesday or Thursday?
Phillip
| 1
|
Date: Tue, 22 Aug 2000 07:44:00 -0700 (PDT)
From: phillip.allen@enron.com
To: david.l.johnson@enron.com, john.shafer@enron.com
Subject:
Body:
Please cc the following distribution list with updates:
Phillip Allen (pallen@enron.com)
Mike Grigsby (mike.grigsby@enron.com)
Keith Holst (kholst@enron.com)
Monique Sanchez
Frank Ermis
John Lavorato
Thank you for your help
Phillip Allen
| 1
|
Date: Fri, 14 Jul 2000 06:59:00 -0700 (PDT)
From: phillip.allen@enron.com
To: joyce.teixeira@enron.com
Subject: Re: PRC review - phone calls
Body:
any morning between 10 and 11:30
| 1
|
Date: Tue, 17 Oct 2000 02:26:00 -0700 (PDT)
From: phillip.allen@enron.com
To: mark.scott@enron.com
Subject: Re: High Speed Internet Access
Body:
1. login: pallen pw: ke9davis
I don't think these are required by the ISP
2. static IP address
IP: 64.216.90.105
Sub: 255.255.255.248
gate: 64.216.90.110
DNS: 151.164.1.8
3. Company: 0413
RC: 105891
| 1
|
Date: Mon, 16 Oct 2000 06:44:00 -0700 (PDT)
From: phillip.allen@enron.com
To: zimam@enron.com
Subject: FW: fixed forward or other Collar floor gas price terms
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/16/2000
01:42 PM ---------------------------
"Buckner, Buck" <buck.buckner@honeywell.com> on 10/12/2000 01:12:21 PM
To: "'Pallen@Enron.com'" <Pallen@Enron.com>
cc:
Subject: FW: fixed forward or other Collar floor gas price terms
Phillip,
> As discussed during our phone conversation, In a Parallon 75 microturbine
> power generation deal for a national accounts customer, I am developing a
> proposal to sell power to customer at fixed or collar/floor price. To do
> so I need a corresponding term gas price for same. Microturbine is an
> onsite generation product developed by Honeywell to generate electricity
> on customer site (degen). using natural gas. In doing so, I need your
> best fixed price forward gas price deal for 1, 3, 5, 7 and 10 years for
> annual/seasonal supply to microturbines to generate fixed kWh for
> customer. We have the opportunity to sell customer kWh 's using
> microturbine or sell them turbines themselves. kWh deal must have limited/
> no risk forward gas price to make deal work. Therein comes Sempra energy
> gas trading, truly you.
>
> We are proposing installing 180 - 240 units across a large number of
> stores (60-100) in San Diego.
> Store number varies because of installation hurdles face at small percent.
>
> For 6-8 hours a day Microturbine run time:
> Gas requirement for 180 microturbines 227 - 302 MMcf per year
> Gas requirement for 240 microturbines 302 - 403 MMcf per year
>
> Gas will likely be consumed from May through September, during peak
> electric period.
> Gas price required: Burnertip price behind (LDC) San Diego Gas & Electric
> Need detail breakout of commodity and transport cost (firm or
> interruptible).
>
> Should you have additional questions, give me a call.
> Let me assure you, this is real deal!!
>
> Buck Buckner, P.E., MBA
> Manager, Business Development and Planning
> Big Box Retail Sales
> Honeywell Power Systems, Inc.
> 8725 Pan American Frwy
> Albuquerque, NM 87113
> 505-798-6424
> 505-798-6050x
> 505-220-4129
> 888/501-3145
>
| 1
|
Date: Mon, 16 Oct 2000 06:42:00 -0700 (PDT)
From: phillip.allen@enron.com
To: buck.buckner@honeywell.com
Subject: Re: FW: fixed forward or other Collar floor gas price terms
Body:
Mr. Buckner,
For delivered gas behind San Diego, Enron Energy Services is the appropriate
Enron entity. I have forwarded your request to Zarin Imam at EES. Her phone
number is 713-853-7107.
Phillip Allen
| 1
|
Date: Fri, 13 Oct 2000 06:45:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stagecoachmama@hotmail.com
Subject:
Body:
Lucy,
Here are the rentrolls:
Open them and save in the rentroll folder. Follow these steps so you don't
misplace these files.
1. Click on Save As
2. Click on the drop down triangle under Save in:
3. Click on the (C): drive
4. Click on the appropriate folder
5. Click on Save:
Phillip
| 1
|
Date: Mon, 9 Oct 2000 07:16:00 -0700 (PDT)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: Consolidated positions: Issues & To Do list
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000
02:16 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.
| 1
|
Date: Mon, 9 Oct 2000 07:00:00 -0700 (PDT)
From: phillip.allen@enron.com
To: keith.holst@enron.com
Subject: Consolidated positions: Issues & To Do list
Body:
---------------------- 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.
| 1
|
Date: Thu, 5 Oct 2000 06:26:00 -0700 (PDT)
From: phillip.allen@enron.com
To: david.delainey@enron.com
Subject:
Body:
Dave,
Here are the names of the west desk members by category. The origination
side is very sparse.
Phillip
| 1
|
Date: Thu, 5 Oct 2000 05:55:00 -0700 (PDT)
From: phillip.allen@enron.com
To: paula.harris@enron.com
Subject: Re: 2001 Margin Plan
Body:
Paula,
35 million is fine
Phillip
| 1
|
Date: Wed, 4 Oct 2000 09:23:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Var, Reporting and Resources Meeting
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/04/2000
04:23 PM ---------------------------
Enron North America Corp.
From: Airam Arteaga 10/04/2000 12:23 PM
To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Ted
Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron
cc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura
Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli
Romero/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect
Subject: Var, Reporting and Resources Meeting
Please plan to attend the below Meeting:
Topic: Var, Reporting and Resources Meeting
Date: Wednesday, October 11th
Time: 2:30 - 3:30
Location: EB30C1
If you have any questions/conflicts, please feel free to call me.
Thanks,
Rain
x.31560
| 1
|
Date: Fri, 4 May 2001 11:26:00 -0700 (PDT)
From: phillip.allen@enron.com
To: tim.heizenrader@enron.com
Subject:
Body:
Tim,
mike grigsby is having problems with accessing the west power site. Can you please make sure he has an active password.
Thank you,
Phillip
| 1
|
Date: Tue, 3 Oct 2000 09:30:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Westgate
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000
04:30 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 10/03/2000 06:35:56 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate
Westgate
Enclosed are demographics on the Westgate site from Investor's Alliance.
Investor's Alliance says that these demographics are similar to the package
on San Marcos that you received earlier.
If there are any other questions or information requirements, let me know.
Then, let me know your interest level in the Westgate project?
San Marcos
The property across the street from the Sagewood units in San Marcos is for
sale and approved for 134 units. The land is selling for $2.50 per square
foot as it is one of only two remaining approved multifamily parcels in West
San Marcos, which now has a moratorium on development.
Several new studies we have looked at show that the rents for our duplexes
and for these new units are going to be significantly higher, roughly $1.25
per square foot if leased for the entire unit on a 12-month lease and
$1.30-$1.40 psf if leased on a 12-month term, but by individual room. This
property will have the best location for student housing of all new
projects, just as the duplexes do now.
If this project is of serious interest to you, please let me know as there
is a very, very short window of opportunity. The equity requirement is not
yet known, but it would be likely to be $300,000 to secure the land. I will
know more on this question later today.
Sincerely,
George W. Richards
President, Creekside Builders, LLC
- winmail.dat
| 1
|
Date: Tue, 3 Oct 2000 09:15:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Meeting re: Storage Strategies in the West
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000
04:13 PM ---------------------------
Nancy Hall@ENRON
10/02/2000 06:42 AM
To: Mark Whitt/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Paul T
Lucci/NA/Enron@Enron, Paul Bieniawski/Corp/Enron@ENRON, Tyrell
Harrison/NA/Enron@Enron
cc: Jean Mrha/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Monica
Jackson/Corp/Enron@ENRON
Subject: Meeting re: Storage Strategies in the West
There will be a meeting on Tuesday, Oct. 10th at 4:00pm in EB3270 regarding
Storage Strategies in the West. Please mark your calendars.
Thank you!
Regards,
Nancy Hall
ENA Denver office
303-575-6490
| 1
|
Date: Tue, 3 Oct 2000 09:13:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bs_stone@yahoo.com
Subject:
Body:
Brenda,
Please use the second check as the October payment. If you have already
tossed it, let me know so I can mail you another.
Phillip
| 1
|
Date: Tue, 3 Oct 2000 03:17:00 -0700 (PDT)
From: phillip.allen@enron.com
To: stouchstone@natsource.com
Subject: Re: Not business related..
Body:
I think Fletch has a good CPA. I am still doing my own.
| 0
|
Date: Mon, 2 Oct 2000 02:19:00 -0700 (PDT)
From: phillip.allen@enron.com
To: bs_stone@yahoo.com
Subject: Re: Original Sept check/closing
Body:
Brenda,
Please use the second check as my October payment. I have my copy of the
original deal. Do you want me to fax this to you?
Phillip
| 1
|
Date: Thu, 28 Sep 2000 06:17:00 -0700 (PDT)
From: phillip.allen@enron.com
To: lkuch@mh.com
Subject: San Juan Index
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/28/2000
01:09 PM ---------------------------
From: Phillip K Allen 09/28/2000 10:56 AM
Liane,
As we discussed yesterday, I am concerned there may have been an attempt to
manipulate the El Paso San Juan monthly index. It appears that a single
buyer entered the marketplace on both September 26 and 27 and paid above
market prices ($4.70-$4.80) for San Juan gas. At the time of these trades,
offers for physical gas at significantly (10 to 15 cents) lower prices were
bypassed in order to establish higher trades to report into the index
calculation. Additionally, these trades are out of line with the associated
financial swaps for San Juan.
We have compiled a list of financial and physical trades executed from
September 25 to September 27. These are the complete list of trades from
Enron Online (EOL), Enron's direct phone conversations, and three brokerage
firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a
trade by trade list and a summary. We have also included a summary of gas
daily prices to illustrate the value of San Juan based on several spread
relationships. The two key points from this data are as follows:
1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater
than the high financial trades (4.6375,4.665) on those days.
2. The spread relationship between San Juan and other points (Socal &
Northwest) is consistent between the end of September and
October gas daily. It doesn't make sense to have monthly indices that
are dramatically different.
I understand you review the trades submitted for outliers. Hopefully, the
trades submitted will reveal counterparty names and you will be able to
determine that there was only one buyer in the 4.70's and these trades are
outliers. I wanted to give you some additional points of reference to aid in
establishing a reasonable index. It is Enron's belief that the trades at
$4.70 and higher were above market trades that should be excluded from the
calculation of index.
It is our desire to have reliable and accurate indices against which to
conduct our physical and financial business. Please contact me
anytime I can assist you towards this goal.
Sincerely,
Phillip Allen
| 0
|
Date: Thu, 28 Sep 2000 05:56:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jeffrey.hodge@enron.com
Subject: San Juan Index
Body:
Liane,
As we discussed yesterday, I am concerned there has been an attempt to
manipulate the El Paso San Juan monthly index. A single buyer entered the
marketplace on both September 26 and 27 and paid above market prices
($4.70-$4.80) for San Juan gas with the intent to distort the index. At the
time of these trades, offers for physical gas at significantly (10 to 15
cents) lower prices were bypassed in order to establish higher trades to
report into the index calculation. Additionally, these trades are out of
line with the associated financial swaps for San Juan.
We have compiled a list of financial and physical trades executed from
September 25 to September 27. These are the complete list of trades from
Enron Online (EOL), Enron's direct phone conversations, and three brokerage
firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a
trade by trade list and a summary. We have also included a summary of gas
daily prices to illustrate the value of San Juan based on several spread
relationships. The two key points from this data are as follows:
1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater
than the high financial trades (4.6375,4.665) on those days.
2. The spread relationship between San Juan and other points (Socal &
Northwest) is consistent between the end of September and
October gas daily. It doesn't make sense to have monthly indeces that
are dramatically different.
I understand you review the trades submitted for outliers. Hopefully, the
trades submitted will reveal counterparty names and you will be able to
determine that there was only one buyer in the 4.70's and these trades are
outliers. I wanted to give you some additional points of reference to aid in
establishing a reasonable index. It is Enron's belief that the trades at
$4.70 and higher were above market trades that should be excluded from the
calculation of index.
It is our desire to have reliable and accurate indeces against which to
conduct our physical and financial business. Please contact me
anytime I can assist you towards this goal.
Sincerely,
Phillip Allen
| 1
|
Date: Tue, 26 Sep 2000 09:28:00 -0700 (PDT)
From: phillip.allen@enron.com
To: kholst@enron.com
Subject: Investment Structure
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
04:28 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/26/2000 01:18:45 PM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Claudia L. Crocker"
<clclegal2@aol.com>
Subject: Investment Structure
STRUCTURE:
Typically the structure is a limited partnership with a corporate (or LLC)
general partner. The General Partner owns 1% of the project and carries the
liability of construction.
LAND OWNERSHIP & LOANS
The property would be purchased in the name of the limited partnership and
any land loans, land improvements loans and construction loans would be in
the name of the limited partnership. Each of the individual investors and
all of the principals in Creekside would also personally guarantee the
loans. If the investor(s) do not sign on the loans, this generally means
that a larger amount of cash is required and the investor's share of profits
is reduced.
All loans for residential construction, that are intended for re-sale, are
full recourse loans. If we are pursuing multifamily rental developments,
the construction loans are still full recourse but the mortgage can often be
non-recourse.
USE OF INITIAL INVESTMENT
The initial investment is used for land deposit, engineering &
architectural design, soils tests, surveys, filing fees, legal fees for
organization and condominium association formation, and appraisals. Unlike
many real estate investment programs, none of the funds are used for fees to
Creekside Builders, LLC. These professional expenses will be incurred over
the estimated 6 month design and approval period.
EARLY LAND COSTS
The $4,000 per month costs listed in the cash flow as part of land cost
represent the extension fees due to the seller for up to 4 months of
extensions on closing. As an alternative, we can close into a land loan at
probably 70% of appraised value. With a land value equal to the purchase
price of $680,000 this would mean a land loan of $476,000 with estimated
monthly interest payments of $3,966, given a 10% annual interest rate, plus
approximately 1.25% of the loan amount for closing costs and loan fees.
EQUITY AT IMPROVEMENT LOAN
Once the site plan is approved by the City of Austin, the City will require
the development entity to post funds for fiscal improvements, referred to as
the "fiscals". This cost represents a bond for the completion of
improvements that COA considers vital and these funds are released once the
improvements have been completed and accepted by COA. This release will be
for 90% of the cost with the remaining 10% released one year after
completion. Releases can be granted once every 90 days and you should
expect that the release would occur 6 months after the start of lot
improvement construction. These fiscals are usually posted in cash or an
irrevocable letter of credit. As such, they have to be counted as a
development cost, even though they are not spent. Because they are not
spent no interest is charged on these funds.
The lot improvement loan is typically 75% of the appraised value of a
finished lot, which I suspect will be at least $20,000 and potentially as
high as $25,000. This would produce a loan amount of $15,000 on $20,000
per lot. With estimated per lot improvement costs of $9,000, 'fiscals' at
$2,000 and the land cost at $8,000 , total improved lot cost is $19,000
which means $0 to $4,000 per lot in total equity. The investment prior to
obtaining the improvement loan would count towards any equity requirement
provided it was for direct costs. Thus, the additional equity for the
improvement loan would be $0-$184,000. Even if the maximum loan would
cover all costs, it is unlikely the bank would allow reimbursement of funds
spent. The higher estimates of equity investments are shown in the
preliminary proforma to be on the safe side. The engineer is preparing a
tentative site layout with an initial evaluation of the phasing, which can
significantly reduce the cash equity requirement.
Phasing works as follows. If the first phase was say 40 units, the total
lot improvement cost might average $31,000 per lot. Of this, probably
$13,000 would be for improvements and $19,000 for the land cost. The
improvements are higher to cover large one time up front costs for design
costs, the entry road, water treatment costs, perimeter fencing and
landscaping, and so on, as well as for 100% of the land. The land loan for
undeveloped lots would be 70% of the appraised raw lot value, which I would
estimate as $10,000 per lot for a loan value of $7,000 per lot. Then the
loan value for each improved lot would be $15,000 per lot. This would give
you a total loan of $992,000, total cost of $1,232,645 for equity required
of $241,000. This was not presented in the initial analysis as the phasing
is depended on a more careful assessment by the Civil Engineer as the
separate phases must each be able to stand on its own from a utility
standpoint.
CONSTRUCTION LOANS
There are three types of construction loans. First, is a speculative
(spec) loan that is taken out prior to any pre-sales activity. Second, is
a construction loan for a pre-sold unit, but the loan remains in the
builder/developers name. Third, is a pre-sold unit with the construction
loan in the name of the buyer. We expect to have up to 8 spec loans to
start the project and expect all other loans to be pre-sold units with loans
in the name of the builder/developer. We do not expect to have any
construction loans in the name of the buyers, as such loans are too
difficult to manage and please new buyers unfamiliar with the process.
Spec loans will be for 70% to 75% of value and construction loans for
pre-sold units, if the construction loan is from the mortgage lender, will
be from 80% to 95% of value.
DISBURSEMENTS
Disbursements will be handled by the General Partner to cover current and
near term third party costs, then to necessary reserves, then to priority
payments and then to the partners per the agreement. The General Partner
will contract with Creekside Builders, LLC to construct the units and the
fee to CB will include a construction management and overhead fee equal to
15% of the direct hard cost excluding land, financing and sales costs.
These fees are the only monies to Creekside, Larry Lewter or myself prior to
calculation of profit, except for a) direct reimbursement for partnership
expenses and b) direct payment to CB for any subcontractor costs that it has
to perform. For example, if CB cannot find a good trim carpenter sub, or
cannot find enough trim carpenters, etc., and it decides to undertake this
function, it will charge the partnership the same fee it was able to obtain
from third parties and will disclose those cases to the partnership.
Finally, CB will receive a fee for the use of any of its equipment if it is
used in lieu of leasing equipment from others. At present CB does not own
any significant equipment, but it is considering the purchase of a sky track
to facilitate and speed up framing, cornice, roofing and drywall spreading.
REPORTING
We are more than willing to provide reports to track expenses vs. plan.
What did you have in mind? I would like to use some form of internet based
reporting.
BOOKKEEPING
I am not sure what you are referring to by the question, "Bookkeeping
procedures to record actual expenses?" Please expand.
INVESTOR INPUT
We are glad to have the investor's input on design and materials. As always
the question will be who has final say if there is disagreement, but in my
experience I have always been able to reach consensus. As you, and I presume
Keith, want to be involved to learn as much as possible we would make every
effort to be accommodating.
CREEKSIDE PROCEEDURES
CB procedures for dealing with subs, vendors and professionals is not as
formal as your question indicates. In the EXTREMELY tight labor market
obtaining 3 bids for each labor trade is not feasible. For the professional
subs we use those with whom we have developed a previous rapport. Finally,
for vendors they are constantly shopped.
PRE-SELECTED PROFESSIONALS, SUBS AND VENDORS
Yes there are many different subs that have been identified and I can
provide these if you are interested.
I know I have not answered everything, but this is a starting point. Call
when you have reviewed and we can discuss further.
Sincerely,
George Richards
President, Creekside Builders, LLC
- winmail.dat
| 1
|
Date: Tue, 26 Sep 2000 09:26:00 -0700 (PDT)
From: phillip.allen@enron.com
To: pallen70@hotmail.com
Subject: Investment Structure
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
04:26 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/26/2000 01:18:45 PM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Claudia L. Crocker"
<clclegal2@aol.com>
Subject: Investment Structure
STRUCTURE:
Typically the structure is a limited partnership with a corporate (or LLC)
general partner. The General Partner owns 1% of the project and carries the
liability of construction.
LAND OWNERSHIP & LOANS
The property would be purchased in the name of the limited partnership and
any land loans, land improvements loans and construction loans would be in
the name of the limited partnership. Each of the individual investors and
all of the principals in Creekside would also personally guarantee the
loans. If the investor(s) do not sign on the loans, this generally means
that a larger amount of cash is required and the investor's share of profits
is reduced.
All loans for residential construction, that are intended for re-sale, are
full recourse loans. If we are pursuing multifamily rental developments,
the construction loans are still full recourse but the mortgage can often be
non-recourse.
USE OF INITIAL INVESTMENT
The initial investment is used for land deposit, engineering &
architectural design, soils tests, surveys, filing fees, legal fees for
organization and condominium association formation, and appraisals. Unlike
many real estate investment programs, none of the funds are used for fees to
Creekside Builders, LLC. These professional expenses will be incurred over
the estimated 6 month design and approval period.
EARLY LAND COSTS
The $4,000 per month costs listed in the cash flow as part of land cost
represent the extension fees due to the seller for up to 4 months of
extensions on closing. As an alternative, we can close into a land loan at
probably 70% of appraised value. With a land value equal to the purchase
price of $680,000 this would mean a land loan of $476,000 with estimated
monthly interest payments of $3,966, given a 10% annual interest rate, plus
approximately 1.25% of the loan amount for closing costs and loan fees.
EQUITY AT IMPROVEMENT LOAN
Once the site plan is approved by the City of Austin, the City will require
the development entity to post funds for fiscal improvements, referred to as
the "fiscals". This cost represents a bond for the completion of
improvements that COA considers vital and these funds are released once the
improvements have been completed and accepted by COA. This release will be
for 90% of the cost with the remaining 10% released one year after
completion. Releases can be granted once every 90 days and you should
expect that the release would occur 6 months after the start of lot
improvement construction. These fiscals are usually posted in cash or an
irrevocable letter of credit. As such, they have to be counted as a
development cost, even though they are not spent. Because they are not
spent no interest is charged on these funds.
The lot improvement loan is typically 75% of the appraised value of a
finished lot, which I suspect will be at least $20,000 and potentially as
high as $25,000. This would produce a loan amount of $15,000 on $20,000
per lot. With estimated per lot improvement costs of $9,000, 'fiscals' at
$2,000 and the land cost at $8,000 , total improved lot cost is $19,000
which means $0 to $4,000 per lot in total equity. The investment prior to
obtaining the improvement loan would count towards any equity requirement
provided it was for direct costs. Thus, the additional equity for the
improvement loan would be $0-$184,000. Even if the maximum loan would
cover all costs, it is unlikely the bank would allow reimbursement of funds
spent. The higher estimates of equity investments are shown in the
preliminary proforma to be on the safe side. The engineer is preparing a
tentative site layout with an initial evaluation of the phasing, which can
significantly reduce the cash equity requirement.
Phasing works as follows. If the first phase was say 40 units, the total
lot improvement cost might average $31,000 per lot. Of this, probably
$13,000 would be for improvements and $19,000 for the land cost. The
improvements are higher to cover large one time up front costs for design
costs, the entry road, water treatment costs, perimeter fencing and
landscaping, and so on, as well as for 100% of the land. The land loan for
undeveloped lots would be 70% of the appraised raw lot value, which I would
estimate as $10,000 per lot for a loan value of $7,000 per lot. Then the
loan value for each improved lot would be $15,000 per lot. This would give
you a total loan of $992,000, total cost of $1,232,645 for equity required
of $241,000. This was not presented in the initial analysis as the phasing
is depended on a more careful assessment by the Civil Engineer as the
separate phases must each be able to stand on its own from a utility
standpoint.
CONSTRUCTION LOANS
There are three types of construction loans. First, is a speculative
(spec) loan that is taken out prior to any pre-sales activity. Second, is
a construction loan for a pre-sold unit, but the loan remains in the
builder/developers name. Third, is a pre-sold unit with the construction
loan in the name of the buyer. We expect to have up to 8 spec loans to
start the project and expect all other loans to be pre-sold units with loans
in the name of the builder/developer. We do not expect to have any
construction loans in the name of the buyers, as such loans are too
difficult to manage and please new buyers unfamiliar with the process.
Spec loans will be for 70% to 75% of value and construction loans for
pre-sold units, if the construction loan is from the mortgage lender, will
be from 80% to 95% of value.
DISBURSEMENTS
Disbursements will be handled by the General Partner to cover current and
near term third party costs, then to necessary reserves, then to priority
payments and then to the partners per the agreement. The General Partner
will contract with Creekside Builders, LLC to construct the units and the
fee to CB will include a construction management and overhead fee equal to
15% of the direct hard cost excluding land, financing and sales costs.
These fees are the only monies to Creekside, Larry Lewter or myself prior to
calculation of profit, except for a) direct reimbursement for partnership
expenses and b) direct payment to CB for any subcontractor costs that it has
to perform. For example, if CB cannot find a good trim carpenter sub, or
cannot find enough trim carpenters, etc., and it decides to undertake this
function, it will charge the partnership the same fee it was able to obtain
from third parties and will disclose those cases to the partnership.
Finally, CB will receive a fee for the use of any of its equipment if it is
used in lieu of leasing equipment from others. At present CB does not own
any significant equipment, but it is considering the purchase of a sky track
to facilitate and speed up framing, cornice, roofing and drywall spreading.
REPORTING
We are more than willing to provide reports to track expenses vs. plan.
What did you have in mind? I would like to use some form of internet based
reporting.
BOOKKEEPING
I am not sure what you are referring to by the question, "Bookkeeping
procedures to record actual expenses?" Please expand.
INVESTOR INPUT
We are glad to have the investor's input on design and materials. As always
the question will be who has final say if there is disagreement, but in my
experience I have always been able to reach consensus. As you, and I presume
Keith, want to be involved to learn as much as possible we would make every
effort to be accommodating.
CREEKSIDE PROCEEDURES
CB procedures for dealing with subs, vendors and professionals is not as
formal as your question indicates. In the EXTREMELY tight labor market
obtaining 3 bids for each labor trade is not feasible. For the professional
subs we use those with whom we have developed a previous rapport. Finally,
for vendors they are constantly shopped.
PRE-SELECTED PROFESSIONALS, SUBS AND VENDORS
Yes there are many different subs that have been identified and I can
provide these if you are interested.
I know I have not answered everything, but this is a starting point. Call
when you have reviewed and we can discuss further.
Sincerely,
George Richards
President, Creekside Builders, LLC
- winmail.dat
| 1
|
Date: Tue, 26 Sep 2000 07:01:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 10/03/2000 02:30 PM
End: 10/03/2000 03:30 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 10/03/2000 02:30 PM
End: 10/03/2000 03:30 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
Status update:
Fletcher J Sturm -> No Response
Scott Neal -> No Response
Hunter S Shively -> No Response
Phillip K Allen -> No Response
Allan Severude -> Accepted
Scott Mills -> Accepted
Russ Severson -> No Response
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 02:00 PM
End: 09/27/2000 03:00 PM
Description: Gas Trading Vision Meeting - Room EB2601
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT@ECT
Hunter S Shively/HOU/ECT@ECT
Scott Mills/HOU/ECT@ECT
Allan Severude/HOU/ECT@ECT
Jeffrey C Gossett/HOU/ECT@ECT
Colleen Sullivan/HOU/ECT@ECT
Russ Severson/HOU/ECT@ECT
Jayant Krishnaswamy/HOU/ECT@ECT
Russell Long/HOU/ECT@ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 02:00 PM
End: 09/27/2000 03:00 PM
Description: Gas Trading Vision Meeting - Room EB2601
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT@ECT
Hunter S Shively/HOU/ECT@ECT
Scott Mills/HOU/ECT@ECT
Allan Severude/HOU/ECT@ECT
Jeffrey C Gossett/HOU/ECT@ECT
Colleen Sullivan/HOU/ECT@ECT
Russ Severson/HOU/ECT@ECT
Jayant Krishnaswamy/HOU/ECT@ECT
Russell Long/HOU/ECT@ECT
Detailed description:
Status update:
Phillip K Allen -> No Response
Hunter S Shively -> No Response
Scott Mills -> No Response
Allan Severude -> Accepted
Jeffrey C Gossett -> Accepted
Colleen Sullivan -> No Response
Russ Severson -> No Response
Jayant Krishnaswamy -> Accepted
Russell Long -> Accepted
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
Status update:
Fletcher J Sturm -> No Response
Scott Neal -> No Response
Hunter S Shively -> No Response
Phillip K Allen -> No Response
Allan Severude -> Accepted
Scott Mills -> Accepted
Russ Severson -> Accepted
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
From: Cindy Cicchetti 09/26/2000 10:38 AM
To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Colleen Sullivan/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Jayant
Krishnaswamy/HOU/ECT@ECT, Russell Long/HOU/ECT@ECT
cc:
Subject: Gas Trading Vision mtg.
This meeting has been moved to 4:00 on Wed. in room 2601. I have sent a
confirmation to each of you via Lotus Notes. Sorry for all of the changes
but there was a scheduling problem with a couple of people for the original
time slot.
| 1
|
Date: Thu, 3 May 2001 15:57:00 -0700 (PDT)
From: phillip.allen@enron.com
To: rlehmann@yahoo.com
Subject:
Body:
Reagan,
Just wanted to give you an update. I have changed the unit mix to include some 1 bedrooms and reduced the number of buildings to 12. Kipp Flores is working on the construction drawings. At the same time I am pursuing FHA financing. Once the construction drawings are complete I will send them to you for a revised bid. Your original bid was competitive and I am still attracted to your firm because of your strong local presence and contacts.
Phillip
| 1
|
Date: Tue, 26 Sep 2000 05:11:00 -0700 (PDT)
From: phillip.allen@enron.com
To: cindy.cicchetti@enron.com
Subject: Re: Gas Trading Vision meeting
Body:
Nymex expiration is during this time frame. Please reschedule.
| 1
|
Date: Tue, 26 Sep 2000 05:08:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
12:08 PM ---------------------------
Invitation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 11:30 AM
End: 09/27/2000 12:30 PM
Description: Gas Trading Vision Meeting - Room EB2556
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT
Hunter S Shively/HOU/ECT
Scott Mills/HOU/ECT
Allan Severude/HOU/ECT
Jeffrey C Gossett/HOU/ECT
Colleen Sullivan/HOU/ECT
Russ Severson/HOU/ECT
Jayant Krishnaswamy/HOU/ECT
Russell Long/HOU/ECT
Detailed description:
| 1
|
Date: Tue, 26 Sep 2000 05:07:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject: Gas Physical/Financial Position
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
12:07 PM ---------------------------
From: Cindy Cicchetti 09/26/2000 09:23 AM
To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT,
Fletcher J Sturm/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
cc:
Subject: Gas Physical/Financial Position
I have scheduled and entered on each of your calendars a meeting for the
above referenced topic. It will take place on Thursday, 9/28 from 3:00 -
4:00 in Room EB2537.
| 1
|
Date: Tue, 26 Sep 2000 04:57:00 -0700 (PDT)
From: phillip.allen@enron.com
To: jsmith@austintx.com
Subject: closing
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
11:57 AM ---------------------------
"BS Stone" <bs_stone@yahoo.com> on 09/26/2000 04:47:40 AM
To: "jeff" <jeff@freeyellow.com>
cc: "Phillip K Allen" <Phillip.K.Allen@enron.com>
Subject: closing
Jeff,
?
Is the closing today?? After reviewing the agreement?I find it isn't binding
as far as I can determine.? It is too vague and it doesn't sound like
anything an attorney or title company would?draft for a real estate
closing--but, of course, I could be wrong.?
?
If this?closing is going to take place without this agreement then there is
no point in me following up on this?document's validity.?
?
I will just need to go back to my closing documents and see what's there and
find out where I am with that and deal with this as best I can.
?
I guess I was expecting something that would be an exhibit to a recordable
document or something a little more exact, or rather?sort of a contract.?
This isn't either.? I tried to get a real estate atty on the phone last
night but he was out of pocket.? I talked to a crim. atty friend and he said
this is out of his area but doesn't sound binding to him.?
?
I will go back to mine and Phillip Allen's transaction?and take a look at
that but as vague and general as this is I doubt that my signature? is even
needed to complete this transaction.? I am in after 12 noon if there is any
need to contact me regarding the closing.
?
I really do not want to hold up anything or generate more work for myself
and I don't want to insult or annoy anyone but this paper really doesn't
seem to be something required for a closing.? In the event you do need my
signature on something like this I would rather have time to have it
reviewed before I accept it.
?
Brenda
?
?
| 1
|
Date: Mon, 25 Sep 2000 07:04:00 -0700 (PDT)
From: phillip.allen@enron.com
To: christopher.calger@enron.com
Subject:
Body:
Chris,
What is the latest with PG&E? We have been having good discussions
regarding EOL.
Call me when you can. X37041
Phillip
| 1
|
Date: Mon, 25 Sep 2000 07:01:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000
02:01 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
The meeting with Richard Burchfield/HOU/ECT was rescheduled.
On 09/28/2000 03:00:00 PM CDT
For 1 hour
With: Richard Burchfield/HOU/ECT (Chairperson)
Fletcher J Sturm/HOU/ECT (Invited)
Scott Neal/HOU/ECT (Invited)
Hunter S Shively/HOU/ECT (Invited)
Phillip K Allen/HOU/ECT (Invited)
Allan Severude/HOU/ECT (Invited)
Scott Mills/HOU/ECT (Invited)
Russ Severson/HOU/ECT (Invited)
Gas Physical/Financail Positions - Room 2537
| 1
|
Date: Mon, 25 Sep 2000 07:01:00 -0700 (PDT)
From: phillip.allen@enron.com
To: ina.rangel@enron.com
Subject:
Body:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000
02:00 PM ---------------------------
Invitation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 01:00 PM
End: 09/27/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
| 1
|
Email Importance Classification Dataset
Dataset Summary
This dataset is designed to train and evaluate text classification models on the task of distinguishing Important/Actionable emails from Noise/Promotional emails.
The data consists of raw email text bodies, simulating a realistic inbox environment containing personal correspondence, work requests, security alerts, newsletters, marketing blasts, and social media notifications. The text preserves realistic formatting, including newlines, messy URLs, and standard email headers, to ensure robustness in real-world applications.
Dataset Structure
Data Splits
| Split | Rows | Description |
|---|---|---|
| Train | 186 | Used for training the model. |
| Validation | 46 | Used for evaluating model performance during training. |
| Total | 232 |
Data Fields
text(string): The raw content of the email, including subject lines (in some cases), salutations, body text, and footers.label_id(int): The classification label (0 or 1).
Label Legend
| Label ID | Class Name | Description | Examples |
|---|---|---|---|
| 0 | Not Important | Low-priority, automated, or promotional content that does not require immediate action. | Marketing newsletters, social media "viewed profile" notifications, gamification updates (Duolingo), spam, receipts for low-value optional items. |
| 1 | Important | High-priority, personal, or transactional content that requires attention or action. | Job offers/interviews, direct personal emails, tax documents, security alerts (2FA, logins), bill overdue notices, shipping confirmations, flight cancellations. |
Sample Data
{
"text": "ACTION REQUIRED: W-2 Tax Form Available for 2025\n\nHi Dequan,\n\nYour 2025 W-2 tax form from TechSolutions Inc. is now available for download... ",
"label_id": 1
},
{
"text": "Huge Winter Blowout Sale! Up to 70% Off!\n\nCan't see images? Click here.\n\nLAST CHANCE TO SAVE...",
"label_id": 0
}
Dataset Creation
The dataset was curated using a mix of synthetic generation and realistic templates to mimic the diversity of a modern inbox.
Personas: The dataset utilizes various recipient personas (e.g., Dequan, Elena, Marcus, Students, Professionals) to ensure the model does not overfit to a specific name or user profile.
Formatting: Great care was taken to include "messy" data, such as [Image] placeholders, long tracking URLs, unsubscribe footers, and HTML-to-text artifacts.
Usage
This dataset is ideal for:
Fine-tuning Small Language Models (SLMs) like DistilBERT, TinyLlama, or MobileBERT for edge-device email sorting.
Benchmarking zero-shot capabilities of larger LLMs on specific productivity tasks.
How to Load (Hugging Face Datasets)
from datasets import load_dataset
dataset = load_dataset("Dc-4nderson/email-importance")
print(dataset["train"][0])
Limitations
Synthetic PII: While the emails contain names, addresses, and phone numbers, all Personal Identifiable Information (PII) is synthetic/fictional. Any resemblance to real persons is coincidental.
Size: This is a small dataset (232 rows total) intended for few-shot learning, evaluation, or fine-tuning pre-trained models. It may not be sufficient for training a model from scratch.
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