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Save the date: Company Picnic Hi Team, Just a heads up that our annual summer picnic will be held on July 15th at Central Park. Official invitation and RSVP to follow next month. Best, HR
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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.
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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!!!
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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
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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.
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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
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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
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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
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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
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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 >
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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.
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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
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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.
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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 ? ?
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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
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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
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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:
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End of preview. Expand in Data Studio

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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