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Barry, As promised, here are some of the current redeployment candidates that have a marketing/structuring/trading background for consideration concerning your West Origination opening.
I believe that you have seen Jim Lowe before and expressed some limited interest in him.
The other candidates are most likely new to you.
Let me know if you would like to pursue any of these redeployed employees.
Also, I spoke with Mark McConnell today, and he mentioned that he had accepted the offer to join the Transwestern group of ETS.
He primary motivation for selection of this option was his desire to work with asset deals.
As we know, given EWS "asset light" approach to deal making, this option would be difficult to fulfill within the West Origination group.
However, he mentioned that he was very impressed with your group, and short of the asset piece maintained a high interest in your open position.
Regards,
|
Redeployment Candidates
|
Barry/Mark, Please see the attached files for the 2002 direct expense plan.
The goal was to reach a combined plan of about $4,220,000.
The numbers included only add up to about $3,905,000 so we can discuss if and where to add the additional $315,000.
I'll try to reach you both at Mark's number around 9:00 Denver time (10:00 Houston time) tomorrow morning.
|
2002 Direct Expense Plan - PRELIMINARY
|
First of all I want to give you may condolence of what happened yesterday in New York and Washington.
My family and I are praying for all of those who were affected.
I had not received the information that Patty Sullivan told me about the gas flows of August and from you about the first days of this month.
Please call me at your convenience Saludos
|
Pending Info
|
Phil, I have attached a presentation that I threw together for the Calgary office regarding Rockies fundamentals.
It doesn't flow particularly well, but it contains the most significant information from a few different prior presentations relating to the Rockies.
Thought it might be useful as you work on the "Fundamentals Packet".
Give me a call if you have any questions.
|
Rockies Presentation
|
Barry: for your information, your I-140 Petition for Alien Worker was filed today with the INS.
It will take approx.
6-12 months to receive the approval.
Margaret
|
I-140 Filed
|
When: Thursday, September 20, 2001 1:00 PM-2:30 PM (GMT-06:00) Central Time (US & Canada).
Where: 3AC 9C1 *~*~*~*~*~*~*~*~*~* RESCHEDULED.
Thanks for your patience.
At this meeting, Dun & Bradstreet representative Karen Marcom will provide an overview of the Dun & Bradstreet marketing data that Enron will have access to through a global purchase agreement.
This data set is a monthly feed of marketing information, financial stress scores, energy demand estimators, family tree linkage and D&B credit scores, which is a subset of the full D&B database.
Karen will answer questions concerning the presentation of the data and how it will be accessed.
The Dun & Bradstreet database will be available to business units sharing in the cost of the database.
|
Updated: Dun & Bradstreet Data
|
John, As we discussed, our attorney, Gerald Nemec, will incorporate your language from the red-lined Assignment Agreement in an amendment to the existing letter agreement between ENA and Patina.
The amendment to the letter agreement should be completed this afternoon, at which time Gerald will e-mail you a copy for review.
To the extent that the language is agreeable, Patina can execute Kern's original Assignment Agreement and the amendment to the letter agreement concurrently.
Please call myself or Gerald Nemec (713-853-3512) if you have any questions.
Thanks,
|
Amended letter agreement
|
Barry, You mentioned a gas outsourcing presentation.
Could I get a copy of that?
I am looking for examples of good ideas that can be applied to power - we have a current lapse in creativity!
|
Gas Pitch
|
Hello Barry, My name is Todd Neugebauer and I am a manager in EBS Wholesale Origination in Europe.
I came over here as an associate in February and was promoted in June.
I am looking to move back into one of our more core areas and Ted Bland recommended I speak to you, or someone in your group.
If you have a need, I am going to be in Houston late next week and would be able to meet then to discuss any opportunities.
Regards,
|
Manager Position
|
Attached for your review and comments is Enron's Answer to Motion for Partial Summary Disposition by the Texas, New Mexico and Arizona full-requirements shippers in the complaint proceeding that they filed in July (RP01-486).
The shippers have asked the Commission to (a) summarily determine that El Paso's mainline capacity is not adequate to serve its existing firm customers and (b) expeditiously establish a remedy phase in this proceeding.
Enron's answer reiterates the comments it filed in the original proceeding, namely that the Commission should consolidate this proceeding with the complaint filed in RP01-484 by the Joint Complainants (producers, California LDCs) which also deals with issues of adequacy of capacity.
We also reiterate and emphasize our original proposal that the Commission require El Paso to immediately give existing firm shippers the opportunity to turn back capacity they no longer need as one means of making additional capacity available to those who need more.
You do not need to respond, but if you desire to, please get any comments back to me or Leslie by noon tomorrow.
Thanks.
|
Please Respond by 12 noon CDT Friday, Sept. 21 -- El Paso Proceeding
|
Talked to Mark.
First thing he has to do is convince Davis' lawyers that his companies' client list (which includes TW) shouldn't conflict him out of working on DWR gas deals.
He should have that figured out by this week--sounds like he may have to make some decisions about his current client list and working for DWR.
|
Talked to Baldwin
|
Barry - For your cost center, I increased travel by $25k and Conferences & Training by $2,697.
I didn't make any other changes to Mark's.
These two files show the detail.
This file shows the combined plan for West Origination.
The "Income Statement" tab is what will be presented to Office of the Chair.
Let me know if you need anything else.
Thanks,
|
2002 Direct Expense Plan
|
Barry, I understand you have some reservations about my involvement with L-P's request for assistance to financially hedge their natural gas exposure.
I have no problem working with Dave Fuller as I did regarding another entity or with whomever from your group regarding this matter, as long as I am financially rewarded for my time and efforts.
As you will see for the attached letter from L-P, I have put a great deal of time and effort into positioning Enron as L-P's preferred ESP to the point of being asked to join their internal energy team.
If you would please advice me how you'd like to proceed and we'll take it from there.
Thanks, John - John M Energy Team Request.doc
|
Louisiana-Pacific (L-P) natural gas
|
Jeff, did Mark H. sign off on us removing triangular set-off between affiliated entities.
We have removed the concept as instructed by Barry, but do not want to send to PG&E unless we have Mark's OK. Also, Eric/Barry you were going to canvass Bill in terms of what he would require for Credit.
Peter.
|
PG&E Master
|
We have 200,000 mmbtu/day of "Block II" capacity available through May 31, 2006.
It is labeled "Block II" because PG&E owns recall rights on the entire block through 12/31/2005.
The ROFR rights that go with this capacity add a tremendous amount of value (i.e.
market rates with short term commitment vs. 15 - 20 year obligation of new build) Capacity currently has access to all supply basins.
However, the current FERC proceedings on receipt point reallocations will probably result in a supply split of 60% San Juan and 40% Permian.
Rates for the capacity and my Duke proposal are attached.
Please call if you have any questions.
|
PG&E Capacity
|
Hi Barry, I have sent to you in the mail an article regarding the situation with your stock account at TD.
Our best advice is to probably close out the account per TD and do online trading, if that suits you, or move the funds to the US.
Re the cottage in Riding Mountain - go ahead.
Two things: it isn't useable in the winter, so it's not available for your use and the second thing is that you are going to be purchasing it AFTER you've become a non-resident.
Amex Card - probably isn't a huge issue to use the Canadian one, but it is a tie.
Please call with any further enquiries or for clarification.
Best regards,
|
Follow up
|
Just wanted to check in and see if you were able to learn anything useful by looking through the WBI rate cases?
I will be out the next couple of days so if you email me please cc Barry Tycholiz and Tyrell Harrison.
Thanks
|
WBI Rate Base Study
|
Attached is a memo outlining my concerns in ENA entering into the above-referenced agreement.
I will forward to you a hard copy of the Water Code that I reference in my memo.
Please do not forward this memo to CDWR or their consultant.
I can prepare a version suitable for distribution to CDWR if you would like.
Stacy
|
CDWR Draft GISB Agreement
|
Hey Paul----I did get together with Barry Tycholiz this afternoon when I was in Houston to review the matrix that we have on price risk management initiatives and current practice at the state PUCs in the west.
As you know, the matrix is a starting point, and I encouraged Barry to take a stronger look at his opportunities in each state and that we would do further spade work in those states as he identifies his prospects.
We talked about 3 states that he has initial interest in--- California (Barry is already talking to Dasovich and I will touch base with Jeff tomorrow to follow up), Colorado and Nevada.
|
western states
|
1.
Notice of intent to execute ROFR due six months prior to expiration (Nov 30) 2.
EPNG posts capacity on bulletin board specifying terms and conditions 3.
Open season must last for a minimum of 20 business days 4.
Bidders must conform to procedures in EPNG's tariff (sec 28.9 b) 5.
EPNG is not obligated to accept offer at less than maximum rate.
6.
Bids will be evaluated to determine best bid in accordance with tariff (Sec 28.10 b) 6.
If EPNG accepts a bid, Shipper has 5 business days to match and is not obligated to match more than five years 7.
If no competing offers received, shipper is "not entitled" to extend the contract except by agreeing to pay max rates or negotiating otherwise with EPNG.
|
EPNG ROFR Process
|
Mark/Barry--- I finally had a chance to look this week at the Colorado PUC proposed rulemaking amendments regarding price risk management (PRM) for gas utilities.
As we had generally talked about, the appetite for meaningful change to the PUCs rules has been pretty weak by staff and to a great extent by the Commissioners themselves.
These proposed rules reflect some movement toward encouraging utilties to implement PRM, but does NOT require them to implement, nor is there a clear statement that the PUC will allow recovery of costs.
Here's a short list of what's in the rules:
|
Colorado PRM
|
If you haven't heard, SoCal's announced their abandoning windows for OFOs.
They're holding "workshops" on how it will all work soon.
I'll get you the announcement.
Best,
|
SoCal Moving from Windows to OFOs
|
One of the guys here recieved a call from a guy at EES looking for contacts at gas utilities in the Northwest.
They are hoping to sell them some sort of deal where they provide the utility structured products and the utility pushes them through to the endusers... isn't that my Cascade deal?
Let's discuss Monday, it sounds like something we need to nip in the bud.
|
EES
|
Q3 now over, you will each be receiving in the internal mail a copy of the origination numbers associated with each of your groups.
Please could you ensure the numbers are both; (i) Correct, and (ii) Correctly allocated Should employees have left the group or company please do not allocate the amount to another originator as this will distort the numbers, just leave the name of the employee and number in place although they have left.
These numbers will be used as a (obviously only one component) component of performance review.
As you know we also monitor the soft targets so please ensure these are correct too.
If you want to check your progress on soft targets - these are available from Faith.
Please send all alterations to Faith Killen or call her on 30352.
Thanks
|
End of quarter origination numbers
|
Hi Barry, I'm just following up on the status of the DWR GISB.
Any word for me?
Call if you have any questions.
Thank You,
|
GISB update?
|
I'd like to keep this confidential, but someone inside PG&E's gas group (for what it's worth) told me that participants will have a choice under PG&E's proposed extension of its Gas Accord.
Either the participant can retain the capacity for the term of the extension (less the cost escalators in the original deal) or release the capacity back to PG&E with no penalty.
I'll try to confirm that this is the view among most in PG&E.
Best,
|
Capacity Rights Under Possible Extension of PG&E's Gas Accord
|
Please see the attached chart outlining our Confirmation process.
This is the same process that Barry Tycholiz implemented for Origination.
I think it is a great way to verify our booking process.
Please use the trading books that Anne Bike passed out yesterday.
Thanks,
|
Trading Confirmation Process
|
I think I have 12.5 days left.
1.
I plan to carry 5 days to 2002 2.
1/2 day October 25 and October 26 (teacher's conferences, field trips) 3.
November 21 4.
December 26, 27, 28,31 5.
1 extra day Nov 26?
|
remaining vacation
|
Spoke to Ray Welch.
They were supposed to meet with their lawyer yesterday - the lawyer never showed up.
They'll try to get their comments together in the next few days.
He mentioned that they were meeting internally on your transport swap structure Barry.
|
PGT contract
|
The following customers are currently covered by Fred Lagrasta's middle market desk primarily for derivative transactions.
In all cases except for Hallwood, ENA Denver has a relationship with these customers that primarily covers their physical business, we would like to expand that business to cover their Derivative business as well.
The list is based on priority.
We would be willing to cover them for their West Gas business only.
Fred could continue to cover their East, Central and Oil/Liquids business.
Xcel Energy (PSCo) and affiliate e Prime.
Devon Energy Cross Timbers Hallwood Energy Forest Oil Prima Patina Oil and Gas Westport
|
Middle Market Customers that Denver would like full responsibility for
|
The state treasurer sent a letter this afternoon to Loretta Lynch.
The treasurer claims in the letter that, by extending DA through Sept. 20th, the PUC could have shifted more than $8 billion to small customers.
He urges Lynch to immediately roll back the date to July 1.
We have started working with large customers to refute the letter.
If you would like a copy of the letter, please send your fax number to Joseph Alamo.
Best,
|
California Treasurers Calls on Lynch to Immediately Set DA Suspension Date Back to July 1
|
Attached is a summary of my notes at the Socal meeting regarding revised window procedures.
No hand-outs were provided.
Calculation of Receipt Point Capacity Topock 540 mmcf/d Ehrenberg 1250 mmcf/d Needles 800 mmcf/d Wheeler 800 mmcf/d New Receipt Points Kramer Junction 200 mmcf/d Hector Rd 50 mmcf/d Both will be available around Feb 1 Basis of Pro-Ration-Current Windows Calculation Currently, Gas Control provides total receipt point capacity comprised of demand forecast and injection capability and compares to maximum amount of gas that can enter system.
Gas Select prorates interstate's receipt capacity based on prior day's nominations.
New Calculation, Changes and Display Based on operational maximum with adjustments for maintenance.
SoCal ist aking and applying the current formula for Wheeler Ridge to all the points.
Any changes to operational maximum will probably be due to maintenance and posted on Gas Select.
Customer will choose which points it wants to reduce receipts.
Operating maximums will equal demand forecast plus injections.
Demand forecast will rely on Gas Control weather forecast.
They use Weather Bank as one of their tools.
OFO Declaration Name changes from overnomination Can declare before any Cycle Provide 2 hour notice Post on Gas Select Show OFO Calculation on Gas Select Windows Reason to set windows was to set limits to prevent too much gas from coming into system Calculation based on noms which does not work well.
Lots of complaints.
People were complaining that it restricted access to the system.
Eliminating point specific calculation.
Open system to Max Oper.
Limits or Contractual Limits.
Will continue to operate Wheeler Ridge under Aug 1 procedures.
No changes to Wheeler Ridge.
Due to the need to maintain operational control, an OFO will be declared when scheduled volumes are greater than the max operating capacity on any cycle.
Replace windows with operational maximum volumes.
If CPUC approves comprehensive settlement, will post 5 days of information to anticipate OFO's Now customers will elect which point they will back off instead of using windows.
Scheduling Changes-Nov 1 Gas Select is being rebuilt and will be an internet system in mid-2002 .
No direct dial-up.
Rollover noms-noms will be copied from cycle to cycle Copy confirmed noms All noms will be rolled over-will not be at discretion of 3rd party.
However, can still make changes.
Can still upload new files.
2 Hour Notice Socal will provide 2 hour notice on Gas Select of OFO.
Other methods include leaving message on Socal Hotline (213-244-3900) and list of e-mail messages that can go directly to pagers.
Gas Select is official notification.
Courtesy notification is hot line and e mail.
Gas Select is a subscriber- based system mandated by CPUC and must get regulatory change to make free.
OFO's are going to be system wide and not customer specific.
OFO's can be declared intraday.
Once OFO declared, it will be kept for entire day.
Concerned that if call off, will have to put back on.
Don't want to go back and forth.
This decision may be reconsidered once they see how it works.
Many times Socal see an increase of 200 mmcf/day between Cycle 3 and 4 so they are concerned.
Scheduled vs. Capacity-Declare OFO Nominations may not exceed 110% of expected usage.
Expected Usage is defined as usage for the same day for the prior week.
Can revise expected usage.
No interruptible storage injections allowed during OFO.
Use Elapsed Pro-Rata Rules Expected Usage-cut nominations to 110% of expected usage so will use same day of the prior week as proxy.
Generators need to revise expected usage.
Acceptance of changes are at the discretion of SoCal.
Flow Day Diversions don't go into effect until after Cycle 4.
Gas Control will determine if flow day diversion will be allowed.
If call OFO after cycle 3 or 4 and have interruptible storage injections, such storage will be prorationed back under the elapsed prorata rules.
Many people were concerned that interruptible storage will be severely compromised.
If OFO called , Interruptible Storage could be cut under the elapsed prorata rules as follows: Cycle 1 Nom 1000 ; 0 cut Cycle 2 Nom 1000; 666 cut Cylce 3 Nom 1000; 500 cut Windows will only be implemented during cycle 4 if OFO callled after cycle 3 and no improvement is realized.
Will allocate prorata.
Will use latest scheduled volume and will pro rate by receipt point.
In other words, if OFO declared during Cycle 1 and no relief after 3 cycles, Socal will window Cycle 4 and prorata cut.
Parties will determine what gets cut on all the other cycles.
For penalty purposes, actual burn from 12 o'clock to 12 o'clock will be used to calculate penalties or MAXDQ if not metered.
For OFO, assume supply delivereis day before and burn is the same day for the prior week.
Declare OFO on prior day's scheduled volume.
For an evening declaration-will use most recent available scheduled volumes.
For example: Flow Day 10/4 10/3 Scheduled Volumes Cycle 1 Cycle 2 Cycle 2 Intraday 1 Cycle 3 evening cyle 2 on 10/4 Cycle 4 Intraday 1 on 10/4 In other words, will look at evening cycle 2 scheduled volumes on the 3rd for declaring OFO on cycle 1 for the 4th.
; look at intra day 1 for the 3rd in declaring OFO for cycle 2 on the 4th; look at evening cycle 2 on 10/4 in declaraing OFO for Cycle 3 on the 4th; look at intraday 1 on the 4th in declaraing OFO on cycle 4 for the 4th.
Winter Balancing Rules Effective Nov 1-March 31 No changes.
All customers must comply.
Minimum delivery requirements 50% of daily usage over 5 day period; (Nov 1-5;6-10;) 70% of daily usage depending on storage level 70% daily usage implemented when storage levels equal 20 bcf above peak day min 90% of daily usage depending on storage level 90% rule implemented when storage levels equal 5 bcf plus peak day min.
Look at storage graph on Gas Select.
Posted 24 hours in advance if the minimum daily is changed.
If go to 70% , current 5 day cycle must end completely, before new % goes into effect.
Must increase storage inventory by 1 bcf above the 70% before going back to 50% rule.
Once 90% rule implemented, will return to 70% as soon as operationally feasible, Contracted Marketer's customer usage and delivereies are aggregated in one balancing account.
Core Aggregation-subject to 50% daily throughout entire winter period based on DCQ.
Core-50% of daily throughput for the enitre period,; (Patrick Brown group) Not subject to 70% and 90% rules.
2 types of gas count toward daily obligation- firm storage withdrawal and flowing gas.
As-available storage and imbalance trading do not count.
Burn=measured daily usage thru electronic measurement, Min DQ-used if customer does not have electronic measurement.
Customer assessed GIMB charge if total deliveries is less than 50% of total burn over 5 day period.
Customer purchases gas at daily balancing stand-by rate under G IMB Rate Schedule which is 150% of highest Socal Border price per NGI Gas Daily plus franchise fees and other charges.
Rate is posted at end of every month.
OFO can be declared during undernom season (winter season)
|
Socal Window Meeting
|
Barry, We would like to set a time when Dave Kistler is back in town to discuss our list of companies that we would like to pursue along with your guidance.
Dave will be in town Nov 6th-7th, therefore, I would greatly appreciate you taking the time to meet with us for 30min-1hour.
Please advise on your availability.
Thanks so much for you time last week and we look forward to working with you in the future.
Jenn McClain
|
Meeting with Weather group
|
All, Further to your recent discussions surrounding the ENA Origination Track I will shortly be scheduling an interview date for you to interview recommended candidates.
You have already received the attached list of suggested candidates and as I understand it you have no comments on these individuals thus far.
In order to match the success of the ENA Trading Track it requires your 100% commitment and participation in the following areas: 1.
Interviewing 2.
Training 3.
Mentoring 4.
Promotion of the Track I will contact each supervisor of the attached list of candidates to gain further feedback on these candidates, prior to contacting them, and ensure their respective buy-in.
If you have any questions please call me.
I look forward to working with you on this Track.
Kind regards,
|
ENA Origination Track
|
FERC today issued an Initial Decision in the hearing in the Transwestern case concerning several negotiated rate agreements to which Indicated Shippers and the CPUC had raised objections.
Briefly, the Judge ruled that Transwestern had not exercised market power and that the capacity was advertised and awarded in accordance with Transwestern's tariff.
However, Transwestern must modify its tariff to add a separate provision where all the posting, bidding and award procedures for purposes of awarding capacity are clearly stated.
A highlighted copy of the ruling is attached for your information.
|
FERC Initial Decision in Hearing on TW Negotiated Rate Deals
|
FERC today issued Draft Orders denying rehearing in the following: Kern River, CP01-31 (2002 Expansion Project) Rejected arguments of the Firm Customers that the project should not have been approved or, alternatively, the rights of the expansion shippers at Wheeler Ridge should be subordinate to those of the existing shippers.
PG&E Gas Transmission, NW, CP01-141 (2001 Expansion) Rejected Newport Northwest LLC's assertion that requiring the expansion shippers to pay a fuel cost surcharge to recover any incremental fuel costs due to the additional compression approved for this project is contrary to FERC precedent and the policy statement on expansion facilities.
These orders should be issued within the next few days, and we will circulate copies.
Let Melinda know if you want to see the draft copies before then (they are not available electronically).
|
FERC Draft Orders on Kern River and PG&E Projects
|
FYI.
The California AG has announced that he is investigating conflict of interest charges against consultants who were involved with arranging DWR's long term power contracts.
May be part of Davis' attempt to "re-negotiate" the contracts.
There's been some assertions that, under California law, any contracts negotiated by consultants with financial conflict of interests must be nullified.
|
California AG Investigating Consultants
|
Jim: As we have discussed, ENA is trying to close a gas supply transaction with Citizens Gas in Arizona to provide gas supply to Citizens for ultimate delivery to PP&L for the Griffith power plant.
As part of this transaction, Enron Asset Management Resources (EAMR) would provide services to operate a pipeline that interconnects El Paso and Transwestern to the pipeline header system that ultimately interconnects with the Griffith power plant.
To date, it has been the reasonable position of EAMR that its liability for services provided to Citizens should be "capped" at the sum of its annual fee of $144,000.
Citizens wants a $1,000,000 limit.
Citizens and EAMR have agreed to all aspects of the services deal except this liability question.
Although it might be possible to close our gas deal without EAMR, this is far from certain.
I have been trying to come up with an approach that would bridge this gap so that the ENA gas deal can be closed.
This e-mail is intended to indicate the value of this transaction to Enron and get your viewpoint as to the feasibility and cost of one of two deal structures: 1) ENA buys insurance to cover the cost of our buying a policy to bridge th gap in liability from $144,000 to $1,000,000.
2) EAMR decides to increase the laibiltiy to $1,000,000 in return for increasing their earnings on the deal by the amount ENA would pay fior the insurance product - about $120,000.
ENA's preference is clearly for approach 2.
The attached spreadsheet indicates the value of this transaction to Enron.
ENA will earn approximately $3 million on the deal.
Please keep this number in confidence.
In addition, we have budgeted about $120,000 for the insurance product to increase the liability of EAMR from $140,000 to $1,000,000.
Can you please advise me as to the feasibility of 1) or 2) above?
If there is no way we are going to get there, I need to know fairly quickly so I can explore other options.
If it is possible, which of the above 2 approaches is better from you perspective?
Citizens will be here today at 3:00 pm.
I would greatly appreciate some feedback from you by that time.
To contact me please call Kim Ward at 713/853-0685 and she will be able to find me.
Thanks very much for you time.
Chris
|
Citizen's Gas/Enron Transaction in Arizon
|
Barry, Attached is a revised origination schedule for 3rd quarter and supporting detail.
Please provide any revisions by Wednesday, October 31.
I will consolidate the originations for all teams and submit to Louise.
Let me know if you have any questions.
|
West Gas 3Q YTD Origination
|
Hey there Barry!
Just wanted to drop you an note to say thanks for the cocktails and laughs the other night in Denver.
We had a great time with you guys.
I will store your card and give you a call or drop you a note before we come to Houston next season.
Maybe you can round up some Houston buddies that could entertain us as much as your Denver ones!
We are off to San Antonio this week with the Lakers.
It is a fun town.
I am sure we will manage to find some kind of trouble to get into.
Do you ever go there?
Any good restaurant recomendations?
There are so many to choose from.
Talk with you later, Debra
|
blue 67
|
I thought that is might be helpful to outline what we agreed to with EES.
I have taken a shot at it.
I would like to get agreement within ENA and then forward to EES.
Please provide your comments.
Frank
|
ENA/EES
|
Barry, Your password has been reset and you may want to start using this one as the testdev password is a temporary id and changes frequently.
Please let me know if you have any problems with this one.
Thanks,
|
Bridge/Telerate login and password
|
Barry, The information on the top 10 from your contract list 1.
Duferco-Farrell Corp. - Could not find any contract in our database.
Do we have the name correct?
2.
XTO Energy Inc. - There is no MAC clause in the contract.
So they can't terminate unless we fail to perform.
One way termination payment 3.
Power Authority State of New York - No Master Found.
Only a GTC and Master Interruptible.
4.
The Peoples Gas Light and Coke Company - Found an old Columbia Energy Marketing and Consolidated Natural Gas Company.
No MAC termination clause and no termination payment calculation.
If party fails to perform then other party can seek damages.
5.
NUI Utilities, Inc. - MAC Clause triggered at BBB-.
Two way termination payment 6.
Louis Dreyfus Natural Gas - No Master found.
Just GTCs and a Master Spot 7.
Florida Power and Light Company - MAC Clause triggered at BBB-.
FPL can terminate unless we provide LC equal to their Termination Payment.
One way termination payment.
8.
The American Coal Company - Couldn't find any contracts.
9.
Trigen Energy Corporation (Found Trigen-Nassau Energy Corp.) - No MAC Clause.
No specific remedy for default (i.e.
termination payment) 10.
PrimeSouth, Inc. - Could not find any contracts Sorry for the delay.
Let me know if you need more information.
|
Contract Review
|
Enron Federal Credit Union Stands Ready to Assist You Enron Federal Credit Union would like you to know that we stand ready to assist our members affected by the recent events.
We are committed to those who may need special assistance during this difficult time.
The State of Enron Federal Credit Union We are dedicated to providing our members with all the services they would normally expect to receive.
Business will continue to be conducted as it always has.
We will continue to provide loans.
In the event you have an EFCU loan or credit card, we will negotiate a workable agreement for its repayment if necessary.
These arrangements will be made on an individual basis.
ATM withdrawals and Debit Card transactions will carry the same daily limits.
EFCU will be conducting "business as usual."
EFCU is a not-for-profit financial institution (a cooperative) owned and operated by you, the member.
And, although we are here exclusively to provide financial services to the employees of Enron Corp. and their family members, we remain financially independent from Enron Corp. And, your accounts at the Credit Union are insured to $100,000.00 by the National Credit Union Share Insurance Fund (NCUSIF), supervised by the National Credit Union Administration (NCUA), an agency of the U.S. Government.
How To Access The Credit Union You may continue to access your funds in the Credit Union at EB 399, through our electronic services, or at any of our Texas Credit Union Service Center branches:
|
Enron Federal Credit Union Stands Ready to Assist You
|
This may be too early, but just in case....I will save the good-byes until they become absolutely necessary.
Could I have your outside e-mails and possibly your phone #'s?
If you feel uncomfortable giving these to me, that is o.k.
The following is my information.
|
keep in touch
|
Please find attached a draft agreement for the purchase of EPMI's position with Santa Clara.
Peter Meier <<Purchase Agreement ver1.doc>> PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility.
Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission.
Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.
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Santa Clara Purchase
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Mr. Drexelius, Per Barry Tycholiz request, attached is the letter agreement for assignment and payment for the Kern River Capacity.
Please execute immediately and fax to my attention at (713) 646-3490.
Upon receipt I will forward to Barry for decision to execute or not by 1:00 pm.
Thank You for your prompt attention to this matter.
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Letter Agreement for Kern Capacity
|
Barry, what did you do to the company!?
Listen, sorry to hear about the problems at ENRON.
What a strange turn of events.
It is pretty bizarre after 10 years of ENRON being the model for other companies on how to succeed in the energy industry.
What's your take on why it happened?
We get a little bit of news down here but we're a little out of touch.
How are you taking it?
Are you pissed?
Do you feel like you squeezed pretty much what you wanted out of the job?
What's the next thing for Barry Tic?
Well, like all of life's curve-balls there is always something sweet in the next pitch you get (jeez, how sappy is that!).
Anyway, hope you're taking it all with the good nature you always do.
Hey, maybe this will give you the chance to take a holiday in Ecuador (Christmas turkey at our house this year?).
Say hi to Kim for us, drop me a line as soon as you can (a better address to reach me is craigh@ph.com.ec).
Sorry I haven't sent a note before this but you know we are always rooting for you.
Your pal, Craig.
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Oops!
|
I left a message for either one of you to call.
I need to see you today.
Early as possible.
Shouldn't take any more than 10 minutes.
PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility.
Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission.
Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.
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See you please
|
Greetings Steve: We have had many inquiries regarding our transportation agreements, specifically PGT, Kern River and El Paso.
Most pressing is PGT's request to market capacity on our behalf.
Although I do not believe we need to have PGT perform this function, I do believe we could mitigate some demand charge exposure for "the estate".
Are you available to meet with Barry and I first thing tomorrow morning?
We need to have an answer for PGT's request.
We need to know what the contractual rights are for 1) the pipeline when a shipper declares bankruptcy and 2) our ability to mitigate demand charge exposure by releasing capacity on a short term basis (month at a time?).
Better yet, can we unilaterally turn capacity back to any of these pipes or do we need to reach some type of court approved settlement?
Obviously, we have many questions.
Please advise of your ability to meet ASAP.
Thanks,
|
Contractual Obligations Associated with Long Term Pipeline Contract
|
Mary, Attached is a letter notifying Socal Gas that Enron Administrative Services is no longer the authorized marketer for Jefferson Smurfit Corp & Stone Container Corp.
Please let me know if you have any questions.
Thanks,
|
cancellation of authorized marketer for Jefferson Smurfit & Stone Container Corp.
|
PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility.
Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission.
Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.
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PG&E GTN Customer Survey
|
I sent three names to you for my reviewers.
Laura Wente, Mark Whitt, Gerald Nemec.
You may want to add someone from the desk - your discretion.
Thanks
|
List of Reviewers
|
PG&E will announce via press release very early next week an open season on Redwood, Baja and Silverado.
It comes in direct response to recent announcements of expansions into California by pipelines.
The bid protocols will be structured similar to original open season from the original Gas Accord.
The open season will start on June 1 and end on July 31.
Capacity will be available starting 1.1.03.
Bidders will be able to bid up to 30 years (PG&E states that that's what generators want).
Accompanying the announcement will be another announcement that PG&E will expand Redwood by 200mmcf/day, which they hope to have available by 1.1.03, or some time during Q103.
About 2-4 weeks after the open season begins, PG&E will file its proposed "Gas Accord II," (the first one expires end of 02).
As part of that filing, PG&E will offer its proposed ratemaking treatment for the next five years (beginning 1.1.03).
PG&E will not include in the open season 1) core capacity and 2) certain EAD contracts that extend beyond the Gas Accord 1 end date.
In addition, PG&E will hold back an additional 20% (after excluding core and EAD), to be "open-seasoned" at some "future" date.
The capacity to be auctioned is: 1) 900 mmcf/day on Redwood, 2) 245 (annual) on Baja, plus an additional 200/day in summer on Baja, 3) 155 on Silverado.
How PG&E will market the 20% they intend to hold back, and when they might auction it off in the future will be discussed in PG&E's Gas Accord II filing.
No single company will be awarded more than 30% of the capacity on any specific path in the primary open season (though firms can bid whatever level of capacity they choose).
Please forwad along to anyone else who might be interested.
If you have any questions, just holler.
Best,
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More Info: PG&E to Announce Open Season on Redwood and Baja Early Next Week
|
Attached are a draft of the MSA and a Transaction Agreement under the existing Enfolio Master in place between ENA and the City of Palo Alto.
Please review.
There are a few questions and blanks to be completed after your review.
|
Draft MSA and Confirm (Palo Alto)
|
Barry, per our conversation, attached are resumes of rotating Analysts and Associates.
If you are interested, you may contact them directly.
Please keep me posted of your interest.
Analysts , , , , , , (Bucky, Brent, and Marc are moving from our London office in January) 3rd-Yr Analyst (Eligible to promote to Associate at year-end) Associates , , , Thanks in advance for your consideration!
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Rotating Analysts & Associates
|
Revised per your request.
I did remove the conditions precedent.
All outs in the Cinergy Trading Firm Contract have expired.
I understand that Kern has a final certificate from FERC.
Is this the case?
We do need to have the executed assignment docs, before we sign this paper.
|
Revised Sierra Confirm
|
Barry and Kim, Attached is my first go at our European option model.
It is capable of valuing monthly physical or financial calls/puts.
I've tried to make it user friendly by using a similar format as we are using for our swap/spread models.
Please let me know if you like its functionality, and provide me some input on how you might want to fiddle with it when doing real time pricing.
Phil
|
Euro Option 11-2-01.xls
|
We have a very good relationship, and long term gas sale with Thermo Partners who manage the 270 MW Ft. Lupton facility.
They have inquired as to Enron's interest in either buying the energy, tolling or buying the entire plant.
The effective date would be July 2002.
The plant is currently under a QF contract with PSCo.
Mike, I would like to see if you have some time on Monday afternoon to discuss the particulars and we can devise a game plan to get you connected with these guys.
Let me know your availability.
Thanks
|
Thermo Ft. Lupton Co-generation Plant
|
All, The below is the final list of candidates that I have recieved to interivew for the Origination Track.
All names have either been recommended or approved by their manger.
Each candidate will be contacted tomorrow and we will proceed with a late November interview date.
You, as the managment team will be expected to interivew candidates.
If there are any final additions you would like to make to the below, please let me know asap.
Kind regards,
|
Origination Track (ENA)
|
Attached are comments which ENA proposes to file in response to FERC's Notice of Proposed Rulemaking establishing the right for releasing shippers to recall released capacity from the replacement shipper for nomination at each of the first three GISB prescribed nomination deadlines.
The comments support the NOPR except that we say the FERC should make it absolutely clear that the intraday recall right must be part of a specific and express agreement between the releasing and replacement shipper, and that FERC should schedule a workshop after issuing the order so that operational concerns, such as accounting and gas tracking issues, can be worked out.
Comments must be filed by Monday, so please let me know if you have any concerns or suggestions by noon CST on Friday, 11/16.
Thanks.
|
PLEASE RESPOND BY NOON FRIDAY -- ENA Comments, NOPR on Intraday Recall Rights
|
Barry, Attached are redlines of the docs with the changes we discussed today.
Please pay special note to the Maximum Daily Deliverability Quantity of the Confirm.
I want to discuss how this limits us and what flexibility this section needs.
Please review and lets discuss.
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Revised Docs.
|
Barry - My name is Brian Wood and I am an Associate who is currently up for rotation.
I spoke with Shelly Friesenhahn from the Associate/Analyst Program and she recommended that I contact you about openings within your group.
I would be very interested in talking to you in order to find out if I would be a good fit for your needs.
I have spoken with an Associate in your group, Phil Polsky, and am excited about the business and learning opportunities in West Coast Gas Origination.
In my previous rotations, I have participated in a broad base of structuring, modeling, and origination activities.
To provide further detail about my experiences and achievements, I have attached my resume for your review.
With everything going on in the company, I know it may be difficult to find time to meet with me.
Please let me know when it would be most convenient to stop by.
I look forward to having the chance to explain how I could provide value to your group.
Thank you for your consideration,
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Rotation Opportunity
|
I called Bill Gaines of Puget to try to relax our credit constraints.
We just traded voicemails, but agreed to talk on Monday.
My general message, unless you have something to add or subtract, will be: "lots has gone on at both companies, makes sense to get together to meet your team to talk about gas and power - probably is more we can be doing together, etc.
meeting in late Nov/early Dec".
Thoughts?
Chris
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Puget
|
All, Below are the confirmed list of names to be interviewed for the Origination Track, Wednesday, 28th November.
(there are a possibility of a further 3 candidates).
All of you are confirmed to interview, however I require another 4/5 interviewers (Manager/director level) to ensure all candidates are interviewed by 5 originators.
Pls advise who from your groups can facilitate interviewing.
Interview schedules/resumes will be sent to you early next week.
I look forward to hearing from you.
Regards,
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Origination Track - Interviews Wednesday 28th.
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I was advised by Lad Lorenz of Socal that their original application sets forth the plan by which they will sell the residual gas in the Montebello storage field.
Can you please advise me of the final tems of the PUC decision (should have been announced yesterday) and get a copy of the application?
Based upon yesterday's conference in D.C., I think the restructuring of Socal's backbone transportation is about to become a hot topic again!
Please keep us apprised.
Regards,
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Montebello
|
Barry, Take a look at this Version II of the Pricing Sheet.
Let me know what you think.
Also, I was unclear on your comments about the NYMEX chart - were you wanting me to add historicals?
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Pricing Sheet
|
All, The origination track internal interviews scheduled for tomorrow, Wednesday 28th November will be postponed until further notice.
Please remove from your calendar.
Kind regards
|
Origination Track Interviews - Postponed
|
Gerald, I attach a copy of the current form of master physical gas agreement ECC has in place with CNR.
Randy will send you a credit worksheet in the next half hour.
Can you make sure that your form of master has the triangular setoff language that Mark Haedicke distributed a month or so ago to be included in all agreements, as CNR wants to ensure there is cross-affiliate setoff.
Once it is prepared, Howard Sangwine, the commercial contact in Calgary, will walk the document over to CNR, so you can send it to me and I will get it to him.
Thanks for your help.
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CNR Master
|
Barry, Could you go through the attached list and identify which of your customers in column B correspond to the names in column D?
There may be no match in column D. If so, please indicate as such.
This is part of the project with structuring and credit to identify which of our customers have master firm and master swap agreements in place.
Credit has a number of different subsidiaries in its database, and these subsidiaries do not necessarily correspond to the customer names in our own database.
Thanks, and let me know if you have any questions.
Phil
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Customer List Info
|
Hi Mr. Tycholiz, My name is Tamara and I work with Judy on the Enron program here at PricewaterhouseCoopers.
I have been looking over your file and have a question with regard to the fax which you sent to us on August 29, 2001.
There may have been a misunderstanding regarding the intention of you faxing those documents to us.
We looked at the fax and understood it to be for our files.
However, from your most recent email, we are now thinking that you had expected us to take some kind of action on your behalf with the IRS.
The original notice from the IRS is dated June 23rd, 2001.
It states that should you not agree with their figures, you should contact them.
We assumed that you did not agree with the notice and had contacted them.
Our question is: did you contact the IRS and/or send in the forms with your wife's SSN or was it action that we were meant to take?
If you could please clarify this at your earliest convenience, we will try to get this resolved as soon as possible.
Kind regards,
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IRS refund
|
Per Barry's request, attached is the Agency and Management Services Agreement to be executed between Enron North America Corp. and Mexicana De Cobre.
Also attached is the form of agency agreement to be attached as Exhibit B to the Agency and Management Services Agreement.
This agency agreement is El Paso's form and must be executed by ENA, Mexicana, and El Paso.
The El Paso form requires that you open as a read only file.
Please review.
We are working on the gas purchase agreement and should forward shortly.
We received the power of attorney and bylaws you emailed.
I had a Spanish speaking attorney in our office assist me with their review.
The bylaws look fine.
We would like you to follow up with a certified copy in the mail.
For now can you confirm via a response to this email, that these are the latest bylaws on file?
He noted that under the Power of Attorney, it would be required that two of the gentlemen listed on page 2 of the power of attorney documentation, execute our agreements.
Can you confirm?
Would be happy to discuss this with you.
Thank you for your cooperation.
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Agency Agreement
|
Attached for your review are a draft of the gas Confirmation and associated GTC.
Also attached is a clean and redlined version of the Agency and Management Agreement.
A few minor tweaks were made.
We also added some information requirements concerning your gas supply deals.
Please review.
Thanks for your help.
|
Documents
|
Katy Carrol called me and said they where closing their deals and I confirm the deal for june 1-4 at Gas Daily Permian flat for 11,418 MMBtu/d plus fuel.
Also told her that Enron was goping to be our agent to manage this deal.
Saludos,
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Texaco deal
|
We have accepted your suggested revision to Article 13 of the Agency and Management Agreement.
Attached is a new executable with the language revised.
Also attached for execution are the gas purchase confirm and associated GTC for the gas purchase through Monday June 4.
The GTC was revised to remove the $0.15 per MMBtu liquidated damages.
Thanks.
|
Gas Sale Docs. and Revised Agency Agreement
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Attached are the final documents which includes 1.
Agency and Management Agreement - Clean and Redlined copy which shows the changes per my discussion with Jay Goleb at Baker & Botts 2.
Gas Confirm for June 1 thru June 4, 2001 3.
Gas Confirm for June 5 thru June 30, 2001 4.
Gas Conform for July 1 thru October 31, 2001 5.
GTC which applies to all three confirms 6.
Agency Notice Letter - Mexicana to send to its Permian suppliers for notice of Enron's agency.
Please print out and execute documents 1 thru 5 and fax to Barry Tycholiz.
We will follow up with duplicate originals for execution.
Thanks for all your cooperation.
|
Final Docs.
|
Barry, Per your request, the attached presentation outlines some of the issues we are facing around gas supply for power gen in the west.
Please look it over and let me know if it meets your intended goals for the meeting.
Thanks,
|
Discussion Items for Weekly Meeting
|
Hope all is well with both of you!
As Colin and I discussed, we are looking to place some transportation capacity.
In that regard, I offer the attached proposal for your consideration.
I believe these transportation paths are a good fit for your needs on PG&E.
This proposal offers diversity of supply (Baja and Redwood) for your generation projects on the PG&E system.
You would also receive the future benefit of existing tolls relative to incrementally priced expansions.Start date is open for discussion.
Please call me as soon as possible - we are going to move fast.
Best regards,
|
Transport Capacity on El Paso and NOVA/ANG/PGT
|
The following is a list of the industries that ENA will be responsible for covering.
All other end-use customers will be covered by EES.
Based on your input, we have added the big three automakers, cement, primary metals and large agricultural.
In addition, ENA will have 8 companies listed in Aerospace/Other.
Please let me or John know as soon as possible if you have concerns, else we're done.
Regards,
|
Final Look: ENA/EES SIC Codes
|
Barry - Could you go through the attached customer list and match up our customer name with the correct counterparty name.
We are working with credit to figure out who has master firm and master swap agreements in place.
Please mark your changes in yellow.
Thanks,
|
Customer List Info
|
It looks like we are done on the new Citizens deal effective July 1.
I have sent original contracts for execution.
We now have to put the deal in the system.
This is a little complicated.
The attached spreadsheet indicates how this deal will work, using June as an example.
The only differences between June and future months are: 1) In the future, we will collect a $.09/MMBtu demand charge with $.02/MMBtu of this going to EAMR (ENA gets $.07/MMBtu) 2) In the future, the PG&E discount is $.10, not $.25.
Some of the complicated booking issues are: 1.
We need to show the John Cogan commission as a separate deal and a cost to ENA 2.
We need to show the payment to EAMR as a separate deal and a cost to ENA 3.
We will continue to bill Citizens for the TW Mainline cost on our utility deal 1 and 2 above are pretty straight forward and should not create any deal entry difficulties other than someone will have to enter the deals.
Number 3 is more difficult.
The complexities relate to where we are making the sale and what costs should be included.
Can you get with the folks who can help us here and have them come up with a recommendation on how this deal should be booked?
Let me know if you have questions.
I also believe I can add value in speaking with Darren Giron or others.
I guaranty their initial recommendation will not be 100% workable.
Thanks!
|
Citizens Gas Deal
|
Scott Yule advised that ANG system contracted for roughly 290 M2/day of new delivery capacity (210 to PGT & 80 to Southern Crossing).
The Alberta system will expand by 222 M2/day plus an additional 37 M2/day for LRS 2 service.
No capacity was relinquished.
All of this is timed to come on line with the 2002 PGT expansion.
Can you tell from the queue that I forwarded to you - What is the split between Shippers going to PGT versus Southern Crossing?
Thanks,
|
ANG/Nova Expansions
|
I have set up a meeting in 32C2 at 1:00 pm central time to discuss the citizens deal and booking issues associated with it.
Chris, we will call you from the speaker phone in that conference room.
Let me know if there are any conflicts.
thanks,
|
Citizens
|
This information is for the private use of the recipient and may not be disclosed to any other entity (including affiliates) without the prior written consent of Enron North America.
All of the above prices are "indicative" prices and are subject to change depending upon changing market conditions and liquidity.
The transactions are also subject to negotiation of mutually acceptable definitive agreements, satisfactory credit arrangements and the approval of the respective management's of our two companies.
This term sheet is not intended to create a binding or enforceable contract nor is it an offer or a commitment to enter into any transaction.
All terms are subject to change until agreement as to a specific transaction has been reached.
ENA is not acting as a fiduciary or advisor and you should evaluate and understand the terms, conditions, and risks of all transactions in making your decisions with respect thereto
|
Here is the report
|
Barry: I have two copies of the Citizens deal Kim and I did in hand, signed by Citizens but not ENA.
I can sign them, but I wanted to see if you want to sign them or initial them.
I want Kim to initial them as well.
How do you want to handle the ENA signature on these docs?
C
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Citizens Contracts
|
This is to quickly summarize our call on July 11 on California gas intrastate matters and set a direction for future activity.
Unbundling: PG&E has a Gas Accord in effect through 12/31/03, which is generally positive.
We will participate in the development of a successor plan, and attempt to improve it if we can.
SoCalGas attempted its own version of a gas accord, but the CPUC refused to approve.
We will attempt to resurrect this accord and obtain CPUC approval.
Hedging: No proceeding currently exists to address gas hedging by LDCs.
(draft legislation does exist on the electric side to allow hedging and passthrough of costs).
Jeff has recommended that we approach the LDCs to begin discussing the issue and developing a strategy to take to the CPUC.
I suggest we develop an ENA-EES hedging proposal for CA and then take that to the LDCs.
I will attempt to put this is writing.
Infrastructure: CPUC has undertaken a proceeding to determine the need to improve infrastructure.
SoCal Gas and PG&E are responding with proposals.
We want to revitalize the infrastructure and ensure real markets exist and can develop.
Our task is to participate in these proceedings.
(Please let me know who I left off the mailing list).
|
CA Instrate Gas matters
|
Brad, further to our conversation of yesterday morning, please find attached Enron's payout table and alternative payout table regarding the permanent assignment of PGT capacity.
The onus will be on Enron to deliver long dated capacity to Calpine and we will begin working on this immediately.
Below is a summary of some of the key next steps.
Please review and we can discuss on Monday the numbers and final steps as required.
ENA and Calpine will formalise % discount, volume grid, lump sum $ amount or annuity amount.
As discussed our cost of funds implied will be LIBOR + 200 basis points.
( to be confirmed ).
ENA will raise a precedent agreement with option language in favor of Calpine which allows you to request that the period 2 volume be no less than the period 1 volume and up to the total delivered volume of 67,500 based on the agreed to % discount as referenced in point #1.
ENA will forward the draft precedent agreement which will include the necessary conditions precedent required and with the general commercial terms as agreed per items above (ETA - Tues/Wed).
ENA will provide a bid to Calpine on Monday afternoon with a number on the Spark Spread proposal.
Contact name @ Trans Canada and ANG is Kay Coad Ph: 403-267-2480.
I trust the information as provided above is consistent with our previous discussions.
Please contact me once you have had a chance to review.
Regards,
|
Enron - PGT Payout Table
|
Mark, Stephanie further to our conversations please find a summary list which I will need some help on.
As part of our business plan for 2001 Phillip and myself will make a presentation to Delainey et al regarding the West Initiatives.
This is going to happen by Dec. 8.
As you guys know our group in total is going to be made up of a few key areas.
Producer Services Transportation Origination/ Middle Marketing Trading Can you put together in draft form a business plan for next year that outlines some key items.
Once we have a first pass at this, we can incorporate into the overall package and decide how this fits in with our new group.
The key subject items should include: SM/MW/BT 1> Market Overview - supply demand fundamentals in your area.
SM/MW/BT 2> Strategies and opportunities for 2001 ( What new initiatives will we implement ?)
SM/MW/BT 3> New products and structures for your area SM/MW/BT 4> Issues in 2000 ( what didn't work ?)
BT 5> Organization Issues / people /transition etc.
If you could start thinking about these in greater detail, we can then go through and incorporate into the west orig.
objectives.
Call me to discuss, but we should start to discuss detail early next week.
BT Thanks, BT
|
2001 Business Plan
|
For your information.
please find attached the spreadsheet that I sent to Calpine for their consideration.
Action: Peter is going to review the assignment doc's and with Steve raise the proper legal document that protects ECC/ENA's interests.
At this time, Peter and I are of the opinion that a new agreement may be all we need but we will discuss on Monday.
Julie/ Stephanie/Eric....we need to discuss the numbers again.
The real producer unwind costs may be really ugly, which basically means that our numbers may be too low to Calpine.. even with the counter offer, the front end economics are pulling a lot of value out of the deal.
Assuming numbers can be agreed too by everyone, we are positioning ourselves for a package out to the producers for early next week.
Stephanie.. one of our customers has asked for California fundamentals... overview... do we have anything available.
Talk to everyone on Monday.
BT
|
Calpine Term Sheet.
|
Fran and Tricia... this note is to confirm that I will be an employee of ENA effective Dec. 1/ 00.
Fran, are you looking after payroll issues or is it going to be Jeannie Sloan Thanks.
BT
|
Employment Status - Eff. Dec. 1
|
Kim, We spoke last week about a possible 5 yr gas deal for our Yuba City plant.
Below is our RFP.
I'll call to discuss.
Thanks, Paul Cummins
|
Yuba City Cogen 5 yr gas deal
|
Robert, Please nominate 450 MMBtu/day for direct sale customer #A020 for the month of November 2001, based on historical usage.
Scheduling: Please confirm... then notify me.
Thanks,
|
Nomination for November
|
Hi Kim, hope you're doing well.
Just received comments from our Lawyers for your Master Enfolio.
Should I be speaking with you or someone else?
Also, could you give me a quote of what a daily call for Q3 will be at the money for 5,000 mmBtu/day.
Thanks,
|
Q3 Call Option
|
I thought I should let you know that I am now, Mrs. Sonya Johnston!
We eloped and got married in vegas on Monday September 17. you can see pics at: www.johnstoncentral.com give us a call sometime & let us know what you're up to!
see you!
|
Hey Girl...Big news!!!
|
Hello Kim, My name is Joelene Whittaker and I am a recruiter with STM Associates.
DTE Energy, www.dtecs.com/sitemap.html , has retained us to assist them in placing two Director of Sales for Eastern and Western Regions.
The Eastern position will be located in Ann Arbor, Michigan and the Western position in Denver, Colorado.
Both Director of Sales will report to the Vice President of Sales.
Qualifications of this position include a minimum of 5 years of sales experience and an additional minimum of 2 years experience with a trading company is preferred.
The successful candidate will have a strong understanding of U.S. Coal, Transportation and Electric Utility industries, including coal tolling, marketing and origination functions used in support of coal trading operations.
Solid experience in finding ways to capitalize on opportunities in the coal and transportation business is a must.
A background which includes Senior-level contract negotiations is required.
We are asking for recommendations from coal trading executives within the energy industry.
Would you take a moment to consider colleagues whose experience fits DTE's profile and who you would deem as a high caliber candidate for the position.
I appreciate any help you may provide and look forward to hearing from you.
I can be reached at (801)531-6500 or via e-mail jwhittaker@stmassociates.com .
Regards,
|
STM - Sales Director Referrals
|
Kim: I have completed the invoices for April, May and June and we owe Pasadena each month for a total of $3,615,910.62.
I am waiting to hear back from Patti on May and June to make sure they are okay with her.
Do you want me to pay Pasadena on Friday for these months or do you want me to hold off until I finish July and August?
Again, I do not have all of the information for July and August, so I cannot give you any numbers.
If I go by what is currently in the system as a guide, Pasadena would owe Enron a little over $1 mil.
I need to forecast the money today, so please let me know what you would like to do.
FYI-I will be out of the office all next week.
Megan
|
City of Pasadena
|
Hi Kim, Just wanted to say, well I don't really know what to say.
For what its worth, you guys are the sharpest group of traders and one of the most innovative companies I have ever dealt with.
You'll find a way through this.
If you need to reschedule our meeting Tuesday evening I completely understand.
Thanks,
|
Meeting
|
Kim, I represent a firm which has specialized in energy and power market placement for over ten years.
I'm currently working with several organizations across the country looking for energy traders, originators, coordinators, analysts and schedulers.
These are great opportunities to change location or better ones position quickly.
I'd like to schedule a ten minute telephone conversation to discuss these positions and determine whether or not you may have interest or may be able to assist with these openings.
Please reply or call me at 630-990-7510 at your earliest convenience.
I look forward to speaking with you soon.
Best Regards,
|
Energy Opportunities
|
Citizens is initiating the process to terminate our agreement.
They will likely recall the capacity on TW and terminate our agency relationships with EP and TW.
They want to know if we are continuing to deliver gas.
Can you call Sean and tell him?
C
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Citizens
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Folks, Had an idea to get together this weekend at the casa and maybe watch a little football, shoot some pool, drink some wine (or beer), and 'whine' about Enron.
Who knows when we'll all get together again, so anyone up for a Sat night down South of town?
Let's hear some interest out there!
Brad
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Enron Whine and wine party
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Subsets and Splits
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