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Dear TI-USA Corporate Supporters: We are delighted to report that yesterday the OAS General Assembly approved a resolution calling for the creation of a follow-up mechanism for the Inter-American Convention Against Corruption. As you know, TI has been working toward this goal for over two years. The agreement provides for a Committee of Experts to select the provisions of the Convention and countries to be reviewed and for the possibility of consultations with civil society. TI has called for additional steps including:
OAS General Assembly Approves Follow Up Mechanism
We have been given a new list of potential arbitrators. Please take a minute and let me know if any of these represent us, and the general level of representation. Thank you again for your help. If you want to leave me a voicemail, my telephone number is (713) 646-6412. 1. William Frank Carroll--Donohoe, Jameson & Carroll
Arbitrators for Blockbuster Arbitration
Good morning! Joe asked me to change the return flight to Houston from Tulsa and I have done so ... here are the new details for the trip ... June 11, 2001 Southwest #682 Departs Hou Hobby 8:20 a.m. Arrives Tulsa, OK 9:35 a.m. June 12, 2001 Southwest #1727 Departs Tulsa, OK 5:35 p.m. Arrives Dallas Love 6:30 p.m.
Travel Arrangements to Tulsa June 11-12, 2001
The very first time that I laid eyes on Steve Susman , he was clad only in his underwear. Moreover, he was shouting and angrily brandishing his fist at me! The Northern Lights may have seen stranger sights, but I assure you I have not. In 1968 or 1969 (you will understand that I have repressed the actual date), I journeyed to Fort Worth, Texas as a representative of the Texas Law Review to attend some State Bar of Texas committee meeting, one being held, I think, in conjunction with an annual meeting of the Bar. The Law Review had reserved a few rooms at one of the downtown hotels. I arrived late at night, dutifully registered at the hotel's desk, received my room key, took the elevator to the designated floor, walked to my room, inserted the room key, and opened the door. The darkness that shrouded the room was suddenly pierced by a flare of light that revealed to my astonished eyes a bear of a man, almost naked, leaping out of the bed toward me, shaking a very large fist in the vicinity of my face, and demanding to know why I had violated the sanctity of his room! It will surprise none who know Steve to learn that although he was adamantly insisting on an explanation, he refused to be quiet long enough for me to offer him one. Knowing even at my then tender young age a madman when I see one, I exited the scene of the controversy with as much speed as my terrified legs could muster and rushed back to the front desk with my tale of adventure and close escape from severe bodily injury. There may well have been some talk of calling hotel security or the Fort Worth Police, but in the end I settled for a new room, the door of which I bolted immediately. After a mostly sleepless night during which I anticipated the imminent reappearance of the madman, I arose, showered, dressed, and carefully made my way to the meeting room. During the course of the day, I spotted the madman across the ballroom engaged in conversation with another individual. Surreptitiously pointing him out to one of my friends, I asked if he knew him. The answer was no, but he did know who he was. "The name is Susman, my man, Steve Susman". I immediately resolved that my path and that of "Susman, my man, Steve Susman" would never again cross. Truth is indeed stranger than fiction. How could I have possibly foreseen as I fled from the madman in that Forth Worth hotel room so many years ago that not only would my path again cross his but that I would one day serve as his lawyer, that he would serve as mine, and that I would count him as one of my closest friends! I hereby officially forgive you, Steve, not only for stealing my Fort Worth hotel room but also for the injury you wished on me that night. Looking back on it, I wouldn't want it to have been any other way. I wish you the Happiest of Birthdays, Steve. Thanks for your friendship--I
Steve Susman
Per our numerous conversations, please do not release any payments to B & J until I let you know it is o.k. to make payment. Call me if you have any questions.
B & J Gas and Oil
Rae, I am not sure if Jeff Hodge has already volunteered me. If he has not, I would like to volunteer to be on the drafting committee. I am not available May 29th through June 1st. Otherwise, I can make myself available whenever the drafting committee meets. Thank you,
Drafting Committee for the Contracts Sub-Committee
David, Attached is a draft of the services agreement with Garden State Paper. Please do not forward this to them. We need to discuss a couple of things after you have read the agreement. I also need to add a little bit more legal boilerplate. Please call me so that we may discuss. Stacy
Garden State Paper
Attached is the confirmation for Tomahawk Energy, Inc. and the general terms and conditions. Please review and give your comments to Bob. I will be out of the office this afternoon. Stacy
Tomahawk Confirmation
Monique, Attached please find a red-lined and a clean version of the Master Firm Purchase/Sale Agreement which reflect all of the changes that we discussed. Please review and call me if I have missed anything. I will send Mike Palmer the Transaction Agreements this afternoon. Stacy
Coral Energy Resources Master Agreement
Mike, Attached are red-lined versions of the two Transaction Agreements for the transaction between Coral Energy Resources and enovate which includes the changes that we discussed. Please call me at (713) 853-5705 with your comments. Stacy
Transaction Agreements
Mark, The traders at enovate in the Chicago office would like to be able to use the ICE system. I understand that you are the person who should review these agreements. If you are not the right person, please let me know. I am sending a second e-mail that goes with this one. Feel free to call me for any additional information that you might need. Stacy
IntercontinentalExchange, LLC
Jeff, The GISB drafting meetings are going to be at Williams' offices in the Galleria. They will be on the afternoon of Monday, May 21st, all day Tues May 22 and the morning of Wed May 23 . I will give you more details when I get them. Stacy
GISB Meetings
Michelle, Per our conversation, attached is a draft of an amendment to the Master Firm Purchase/Sale Agreement between IDACORP Energy Solutions, Inc. and Enron North America Corp. which changes the confirming party to ENA. Please call me at (713) 853-5705 or e-mail me with your comments. Stacy Dickson
Amendment
Gregg, Here is the master as I think it stands. There is some language added that Rudwell requested. I am not clear on whether Randy O has seen the credit lanugage. Let me know what you think and I will send it to Randy O. Stacy
Constellation Master Firm Agreement
Melba, Per my e-mail, attached please find the new versions of the natural gas Spot GTC - on with and one without credit. Also attached is a new version of the Firm GTC without credit. There was a typo in the one I sent yesterday. The Firm GTC with credit that I sent yesterday does not have the typo. Stacy
New GTC Versions
Attached is a redlined version of the Spot GTC (without credit) that shows the changes that were made. The same changes were made to all of the other GTCs. Hope this helps. Stacy
New GTC Version
Stacey, I was in the MSN DSL pilot. As you know MSN is no longer providing DSL through Northpoint. You told me that Enron would not subsidize SWB DSL service which is what MSN suggested I sign up for. What did Enron decide to do about DSL? I could not tell from the ClickAtHome intranet. Stacy
DSL
Gregg, As we discussed... I would add the following provision at the end of the second sentence in Section VIII A. (3): ;provided however, in the event that Seller's invoice to Buyer is delayed due to Buyer not providing Seller the ANR information in the time period specified in Section V (2), the due date for payment of the Demand Charge shall be the twenty fifth (25th) day following the service month. Stacy
Constellation TA
Cary, Jeff gave me the Conoco agreements to work on. Unfortunately, I do not remember what he says needs to be done. Do you recall where we stand with them? Stacy
Conoco Agreements
Donna: Jeff Hodge asked that I respond to your e-mail. ENA does use the GISB contract to conduct its "spot" business. By "spot", I mean interruptible gas deals of any length and firm deals one month or less in duration. Enron also has its own form of spot agreement that we use. I have attached a copy of that agreement. We do try to negotiate some special provisions into each GISB. Our current version of the special provisions is included in the GISB agreement that is attached. I do not know of any company that uses the GISB as-is. We do not use the GISB for firm deals that are greater than one month in duration. For those deals, we use our Enfolio Master Firm Purchase/Sale Agreement that I have attached. If you need copies of actual confirmations, Bob Bowen or Ellen Wallumrod would be able to give you examples. Form confirmations are at the back of each of the agreements attached. If you need additional information, please let me know. Stacy Dickson x3-5705
GISB XML Subcommittee
Cary, I have reviewed Mary's comments on the Nipsco contract. She makes some good points and it would be nice for Nipsco to make those changes. If Nipsco will not make the changes, I still think it is acceptable for enovate to sign the agreement. Stacy
Nipsco Contract
Mark, Jeff asked that I review TradeSpark. All I could find for product descriptions were abbreviations of products that were not very clear. If these are the only descriptions of the products on TradeSpark , they are completely inadequate. If there are longer, more clear descriptions, please let me know how to find them so that I can review them. Stacy
TradeSpark
Attached are the latest drafts of the Coral Energy synthetic storage deal starting in April. These Transaction Agreements are, as Gregg says, Nicor-esque. However, I did remove the secondary delivery point concept. I did leave in the $0.20 and $0.25 administrative fee.
Coral Energy Resources, L.P.
Bobbie, Chris Walker said that this is a revival of the product that was worked on long ago and never finalized. Do you remember what our concerns were? I have sleep since then and do not remember.
Secondary firm delivery
Ed and Mark, As we discussed, I spoke to Jeff Hodge and Travis McCullough about the best way to document this deal. We all agreed that it is better to document the deal as a deferred payment on the sale of natural gas rather than as a loan. Documenting the deal as a loan does not add any protection for Enron and in fact, may be detrimental because of the various laws concerning loans and lenders. The protections and remedies afforded by the Master track those that Enron would have under a loan document. Enron would be in no better position to collect from NUI in the event of bankruptcy under a loan document than under the Master Firm Purchase/Sale Agreement. Additionally, I assume that NUI, being a regulated utility, will not want to or be able to document this deal as a loan. Please let me know if you need additional information on this topic. Stacy
NUI Deal Documentation
Attached is the latest version of the above-referenced document. It contains the changes requested by NUI. I understand from Rudwell that he and Laura have agreed on the credit numbers and I have incorporated the numbers that they have agreed on. Please call me at (713) 853-5705 should you have any questions. Stacy
Latest Version of the Master Firm Purchase/Sale Agreement
Ellen, Attached is the letter we would like signed appointing Enline Solutions agent for Jefferson-Cocke County Utility District. Please let me know if you have any questions. Stacy
Agency Appointment
Ellen, Attached is the letter that we would like to have signed appointing Enline Solutions as agent for Elk River Public Utility District. Please let me know if you have any questions. Stacy
Agency Appointment
Mark, In the course of two conversations with Paul Chymiy, he identified 5 credit issues. They are: 1) The Credit Agreement is for a term of 364 days so it terminates on 12/21/01. They will enter into a new credit agreement but not on identical terms and not necessarily with the same lenders. 2) NUI Corp. does not have credit rating since the reorganization. The credit rating should be tied to NUI Utilities. 3) The MAC should be BBB instead of BBB- for Customer. 4) NUI Utilities no longer owns the common stock of Elizabethtown and City Gas. They are now divisions of NUI Utilities. 5) The treasurer will not agree to (xiii) in Section 5 of the Transaction Agreement concerning additional debt. Stacy
NUI Credit Issues
Attached is the latest version of the Transaction Agreement and Master Firm Agreement reflecting Tanya's recent conversation with NUI. Please give me your comments. I will forward these to NUI once I have heard form each of you. Stacy
NUI
Paul, Attached is the most recent versions of the above-referenced agreements which incorporates the changes you negotiated with our Credit Department. There was one additional change to the Master Agreement to Section 4.2(ix). I have also attached the letter agreement which cancels the physical gas deals for April. Please review and give me your comments. Stacy
Most Recent Version of the Master Agreement and Transaction Agreement
Paul, Attached is the final version of the Master Firm Agreement which incorporates NUI's notice information and all previously discussed changes. Also, attached is the April Transaction Confirmation Letter with the change to the addressee. The Exhibits for the letter are the NUI Confirmations Nos. 31060 and 46669. I understand that the changes that you requested to the swap guaranty are acceptable and that you will receive revised agreements shortly. Please let me know if there is anything else outstanding. Stacy
NUI Agreements
NGI's Daily Gas Price Index published : October 29, 2001 ALJ Clears Transwestern of Market Power Charges A FERC administrative law judge has found no improprieties, nor evidence of the exercise of market power in negotiated rate contracts between Transwestern Pipeline and two shippers on its system, which resulted in the shippers being charged as much as $27/MMBtu last February, far in excess of the pipeline's allowed transportation rate of 38 cents/MMBtu (RP97-288-009). ALJ Jacob Leventhal had only one fault to find, and that was with Transwestern's method of posting capacity. The judge said, and Transwestern agreed, to modify its tariff "so that all posting, bidding and award procedures are set forth in a separate provision with an appropriate caption" on its Internet bulletin board. Shippers had said that reviewing capacity on the Transwestern web site was "a tortuous process." Indicated Shippers claimed Transwestern's inadequate capacity posting and award procedures did not provide all interested parties with an opportunity to bid for the capacity that was available. While "both Indicated Shippers and (FERC) Staff find it curious that SET (Sempra Energy Trading) and Richardson (Products Co.) were the sole bidders on the contracts awarded to each of them...curiosity does not translate into proof," the judge said. Witnesses in the expedited hearing testified no bids were considered in advance of the capacity posting. The judge subsequently found the capacity was awarded in a manner consistent with Transwestern's tariff. Similarly, Levanthal could find no evidence that Transwestern exercised market power in negotiating the rates with shippers or withholding or threatening to withhold capacity. The capacity was available at recourse rates, and the shippers knew those rates were available. "Staff's arguments really are criticisms of the posting and award procedures, but do not demonstrate the exercise of market power." The two shippers said they made a business decision to propose the "index-to-index" formula that produced the higher rates, rather than take the recourse rate "to minimize any risk on transportation options." The index-to-index formula refers to taking the difference between the daily published commodity prices at two different points and subtracting to get the transportation rate between them. In this case the two points were the San Juan Basin and the SoCal Needles delivery point. The case was set for expedited hearing last summer by the commissioners acting on staff recommendations.
NGI Article on TW Ruling
NGI's Daily Gas Price Index published : November 13, 2001 Watson: Enron Upside 'Clearly Worth Doing the Deal' Dynegy CEO Chuck Watson told the investment community Monday that he was "90% sure" that the risk/reward ratio in the planned merger with Enron Corp. made it "clearly worth doing the deal," because the issues that decimated the former market leader were with its non-core businesses. Explaining that his team had "adequately bracketed the downside," as the deal fell together over the past few weeks, Watson said he could not be "99% positive," but noted that the upside was "substantial," and said he had a "good deal of confidence...that we'll be absolutely fine here." Dynegy, which announced a $22 billion cash, stock and debt deal with its downtown Houston rival on Friday night, joined with Enron executives including Chairman Kenneth Lay on Monday to answer as many questions as they could in about 90 minutes. If all goes to plan, the two companies would become Dynegy Inc. by the third quarter of 2002, the clear leader in natural gas and power marketing. In the second quarter 2001, Enron and Dynegy combined sold a total of 36.2 Bcf/d of gas, which represented 21% of the volumes sold by the top 20 gas marketers in North America (168.9 Bcf/d), according to a ranking by NGI. Enron was the top gas marketer with 25.3 Bcf/d and Dynegy was No. 6 with 10.9 Bcf/d. Statistics provided by Maryland-based Energy Performance Review (EPR) show that Enron and Dynegy combined sold 143,824 million kWh of power in the second quarter. That total represented 14% of the power sold by the top 20 largest power marketers (1,000,961 million kWh), according to EPR. Enron was in fifth place among power marketers with 73,724 million kWh sold, while Dynegy was in sixth place with 70,100 million kWh. The blending of the two will not come without challenges, but Watson stressed he expects to see more opportunities than problems. The opportunity appears to have come none too soon for Enron. Greg Whalley, Enron's president and a future member of Dynegy's executive team, confirmed that without some kind of equity investment in the company, the once market leader probably could not have sustained its liquidity through the rest of this year. "We definitely needed to raise some type of equity capital," said Whalley. "Under normal market conditions, we would have had adequate liquidity. This was not normal for Enron. We would not have had liquidity to the end of the year." Asked about asset sales in anticipation of meeting federal requirements to merge, executives acknowledged there would be some, but did not elaborate. Whalley said that from an "Enron perspective, we have not spent a lot of time with Dynegy people to agree on a plan. Chuck (Watson) has to clear what is core to Dynegy. There are several (assets for consideration to sell) on the list." Enron Chairman Kenneth Lay, who will not be part of the management team, but may hold a place on the Dynegy board of directors, added that Enron already has $4 billion in sales under contract, all expected to close by the end of 2002. "We also have three other significant international assets under contract," said Lay, referring to the among other things, the Dabhol power plant in India. Once the merger of Dynegy with Enron is successfully completed, the new Dynegy will become the "primary market player in all markets," but there will be a significant difference in how the company moves forward, noted Dynegy CFO Rob Doty. Enron's financial-backed trading strategy will merge with the "strong asset base" of Dynegy's. Dynegy has protected itself on the downside, however. The deal includes an out for Dynegy if Enron's legal liabilities exceed $3.5 billion. Asked about the possibility that some of Enron's marketing and trading team may desert the company for another company, Watson, stressing that teamwork will be the guiding force going forward, said, "if I were in this industry, this is the combination I'd work for. This is an exciting day here. It's been an exciting couple of weeks" creating a "platform for something really special in the future." Enron's Whalley said that he believes the company will keep most of its team intact. "They're accustomed to being part of a winning deal," he said, and "going forward, they will be very pleased with the additional infusion of equity and the stability in the marketplace." As of Monday morning, Whalley said that "activity looks pretty good," and said there had been a positive reception to the merger. "Right now, people are pleased with the introduction of new liquidity, and really want to go about establishing or re-establishing the energy franchise." Dynegy President Steve Bergstrom agreed. "Most traders want to be part of a winning team. This is a combination that will be a winning team. We have similar issues there as well. The 'A' players will stay around to be part of the winning team." Bergstrom explained that when the merger is complete, the new Dynegy will become the "primary player in all markets." He said Dynegy has a "more asset-backed strategy," adding that he has said before that "you can only have one market maker and Enron clearly was it." By combining the two companies, there will be a blend of Dynegy's asset strategy with Enron's "financial skill set," giving the new entity "more liquidity market-making than Dynegy itself has historically done." Added Watson, "both companies had a successful ratio and nothing is going to change there...I'm a strong believer in teams and the team concept. I don't want to see individuals do well if the company doesn't do well. It (will be) imbedded in the whole company." Ben Schlesinger, whose company Schlesinger & Associates analyzes the energy industry, said Monday that the big problem in the merger is "whether these two companies are able to pull together...to harness what's there." He said the "two parties are clearly leaders," but theoretically, they will have to streamline their operations. "Both books are fairly strong," he said, and once their efficiencies are put together, the new company will offer "stable returns." In the "very short term," however, Schlesinger said there will be moves to other traders. Other analysts also seemed to be throwing support behind the merger. UBS Warburg reiterated its "strong buy" rating on Dynegy, noting that "if successfully executed, this transaction would yield the most widely recognized, respected and downright credible wholesale/retail energy merchant in the world." However, UBS warned that Dynegy still faces a "daunting" task in merging the operations and employees. "We are not naive in underestimating the enormous challenge at hand. In the near-term, Enron must remain highly liquid, investment grade and its employees must remain focused on keeping its core wholesale/retail franchises up and running." Merrill Lynch's Donato Eassey reiterated the "buy" on Dynegy and "moving to no opinion" on Enron. He said, "Dynegy has all the necessary skill sets and as importantly, the financial stability, resources and investor confidence and experience to get the job done...Enron's unparalleled online trading business should translate to significant prospects for the new Dynegy." Curt Launer, an analyst with Credit Suisse First Boston, added that despite the size of the new company, "we do not expect major divestitures or closing issues because of the lack of asset concentration and the inherent competitiveness of the natural gas and power marketing business." He noted too that with the combination, "we have modeled a merchant unit that does 25% less business," because of "cross trading between them and some expectation of a loss of market share." Still, Launer said Dynegy would become a "formidable competitor" benefiting from a market share in excess of 20% of U.S. natural gas and power trading markets." As expected with most major merger announcements, Moody's Investors Service placed the ratings of Dynegy and its subsidiaries under review for possible downgrade, noting that "notwithstanding the franchise benefits of the proposed merger, the financial and business risks associated with the transaction could negatively impact Dynegy's credit fundamentals." The review affects about $4 billion of Dynegy securities, including its subsidiaries Illinova Corp. and Illinois Power Co. In its rating review, Moody's said it will "assess Dynegy's plans to meet the liquidity needs of the combined entity and to deal with the uncertainty surrounding Enron's off-balance sheet transactions and contingent risks...and examine the ultimate structure of the transaction, and its impact on Dynegy's financial leverage and on management's targeted debt levels." The ratings service also plans to "consider the governance framework within which the combined trading activities will operate." Ratings under review are: Dynegy's Prime-3 rating for commercial paper; Dynegy Holdings' Baa2 senior unsecured debt rating and its Prime-2 rating for commercial paper; Illinova Corp.'s Baa3 senior unsecured debt rating; and Illinois Power Co.'s Baa1 senior secured and Baa2 senior unsecured debt ratings, and its Prime-2 rating for commercial paper. Fitch revised its rating watch on Enron's outstanding securities to "evolving" from "negative," where they were placed in late October. The rating watch evolving means the ratings may be raised, lowered or maintained. Fitch also placed a rating watch negative on Dynegy and Dynegy Holding's long-term credit ratings, which also means they could be lowered or affirmed. The outstanding "F2" rated commercial paper programs for Dynegy and Dynegy Holdings were not affected.
NGI's Article on the Merger
Here are the preliminary reports ready for your review. I have not had a great deal of time to thoroughly review the data, so please review for accuracy. TK - Please update the daily rates for contract 27495 (Astra) and verify the rates in blue. I will be out of the office until Wednesday 11/28/01. Therefore, please provide updates/comments by COB 11/27/01 so I can incorporate and forward to Omaha for filing with the FERC. Thanks,
October 2001 FERC California Report - Preliminary Ready for Review
Transwestern's average deliveries to California were 924 MMBtu/d (85%), with San Juan lateral throughput at 849 MMBtu/d. Total East deliveries averaged 479 MMBtu/d. El Paso's average deliveries to California were 2146 MMBtu/d (73%): - PG&ETop, capacity of 1140 MMBtu/d, deliveries of 716 MMBtu/d (63%) - SoCalEhr, capacity 1250 MMBtu/d, deliveries of 985 MMBtu/d (79%) - SoCalTop, capacity 540 MMBtu/d, deliveries of 445 MMBtu/d (82%) Friday's posted Gas Daily prices: SoCal gas, large pkgs 1.94 (-.635) PG&E, large pkgs 1.855 (-.61) TW San Juan 1.62 (-.70) TW Permian 1.71 (-.70) Enron Online bases: Dec-Mar Apr-Oct Perm-CA .05 (-.03) .21 (-.02) SJ - CA .20 (even) .41 (-.03) SJ-Waha .20 (+.04) .26 (+.01) Perm-Waha .05 (+.01) .06 (+.01)
California Capacity Report for Week of 11/12-11/16
I wanted to let you know that I sent you the TW Daily Balance report in Business Objects this afternoon. When you get a chance, will you retrieve it and try to refresh it, please? It may take a couple of minutes to refresh, so don't worry if it seems to be taking a long time. By having the report yourself, we can start working on automating your imbalance monitoring process, or at the very least, we may be able to come up with a way to make the estimated imbalance on the report more accurate, as Tracy and Dan requested. Let me know how it goes. Thanks.
TW Business Objects Report
Weekly Reports for This week only! Gary Maestas Group - Please send Gary your weekly report updates before end of day tomorrow, Tuesday, November 20, 2001. Morgan Gottsponer's Group - Please send Morgan your weekly report updates before end of day tomorrow, Tuesday, November 20, 2001. Thanks and have a wonderful Thanksgiving,
Important Message RE: Weekly Activity Reports ending 11/23/01.
Attached is a draft of the letter that we propose to send to the CPUC regarding the AL2837 proceeding in which SoCal Gas is proposing changes to its "windowing" criteria. Your comments would be greatly appreciated. We need to file this tomorrow, so please communicate any comments to me by the close of business today, if possible. Thanks.
SoCal Gas CPUC Proceeding
Here are the preliminary reports ready for your review. I have done a thorough analysis on Items 2 and 3 and feel very confident with the data. I will be finalizing my review of contract volume data in Item 1 no later than tomorrow and will advise if any changes are necessary. TK - Please update the daily rates for contract 27495 (Astra) and verify the rates in blue. Additionally, please verify that the discounted IT rates for contract 20248 and 22136 are correct as billed (it doesn't appear that these discounts appeared in the daily transactional report postings). I need all updates/comments no later than COB Monday, 10/29/01. Thanks,
September 2001 FERC California Report - Preliminary Ready for Review
RE: ROCKY MOUNTAIN 2nd QUARTER PRODUCTION REPORT Lippman Consulting, Inc. has just completed the Rocky Mountain 2nd Quarter of 2001 Production Report. This report contains historical volumes for each of the 11 producing basins contained in the Rocky Mountain Region. This report contains over 25 pages of text and graphs depicting various statistics, Drilling programs by operator, number of wells first delivered in each basin, rig activities as well as monthly gas production volumes are fully illustrated. Production volumes are reported both annually and quarterly.
ROCKY MOUNTAIN 2nd QUARTER PRODUCTION REPORT
Attached is a revised version of TW's response to the CPUC's protest. This version reflects comments received from Teb, Mary Kay, Greg and Maria. I apologize that the attachment is not red-lined. I'm having computer problems and have not been able to generate a red-lined version that accurately tracks the changes.
Transwestern Response To CPUC Protest/ Docket No. RP97-288-017
Here is the information that was requested from our last meeting on Oct. 31, 2001. The last page of the report has the summary of the whole report. If you have questions, please respond. When is the next meeting? Thank you. Terry Kowalke
Data Request for Tariff Filing (OBA's)
The following items were presented in last week's change control meetings.... Nov. 29 Shared Folder Move "Common" located on GTA\SYS2\ will be moved to GTHOU-DV01\data1\Transfer. In an effort to migrate the remaining GTA Common folders from the old GTA server to our current Windows 2000 server, GTHOU-DV01\Common, we are asking you to do the following: ? Review the folders on gphou-nwgway1\gta2\Common. ? Identify the folders you are currently using. ? Reply back with a list. ? Only the folders identified on the reply back will be moved!
ETS and Corporate Change Control
Attached is the final version of of Transwestern's response to the CPUC's protest in Docket No. RP97-288-017. The attachment was filed with FERC last Wednesday.
TW Response to CPUC Protest
Attached is a spreadsheet of customers attending the TW Customer Update meeting in November please verify that names and company are correct. Marketing your customers are highlighted in RED. Please make necessary changes and return to me. Thanks,
TW Customer Update
I thought that you might be interested in our new monthly newsletter, ENERGY COMPETITION STRATEGY REPORT. It contains detailed strategies on how to tackle the complex challenges of deregulation. Topics covered include customer education; retail marketing; telecom and other value creation strategies; investor relations; marketing programs that land big commercial accounts; CIS and related information technology challenges; new services and creative ways to package them; relationship-building with regulators, customers, and employees; and much more. To receive a 3-month, no-obligation free trial and a $100-off charter discount, just e-mail your mailing address, phone and fax number to nhi@nhionline.net or call 1-800-597-6300 and mention offer "CSRE51." David Schwartz Publisher NHI Publications
Deregulation
Please note, as many of you are aware, Steve Harris resigned on last week and Shelley Corman is now the Managing Director of the TW Commercial Team. Shelley has cancelled the staff meeting on this afternoon and will communicate to you our next planned staff meeting. Thanks for your patience,
Cancelled - TW Commercial Team's Staff Meeting
Due to recent concerns about the lack of security over wireless networks, all wireless hubs will be disconnected from the Enron network on Tuesday, 3/26. Enron Network Services will continue to investigate alternative wireless security methods. If you have any questions concerning this action please, please contact Mary Vollmer @ ext. 33381.
Decommission Wireless Hubs
In todays meeting the CPUC did NOT act on the Revised Proposed Decision issued last week to unbundle the SoCal system. Once again the decision has been Held Over to the next meeting. gh
SoCal GIR/Unbundling
Lindy: Here is a slide for the Lay presentation. I need to ask Jeanette about the other one tomorrow when she gets in. I am not comfortable about the $8.3 commodity number. Jan
Slide for Lay Presentation
Credit Approval Requested Contract Submitted to CAS for Capacity Approval Shipper : Western Gas Resources, Inc. Contract # : 27745 Service Type : FT Rec. POI/VOL : 56498 (Bloomfield Compressor) 10,000 Dth/d Del. POI/VOL : 56709 (Thoreau) 10,000 Dth/d
Credit & Capacity Request for New FT # 27745 Western Gas Resources, Inc.
Lippman Consulting, Inc. is pleased to announce that it has just completed the 2nd quarterly of 2001 gas production report for the state of California. This report contains text and graphs depicting various historical statistics. The total California production volumes are separated by associated and non-associated volumes. The report also separates production by state and federal areas as well as onshore and offshore volumes. For the onshore volumes, we detail the production down to the district level while for the offshore volumes, we detail those down to the field level. In addition to showing historical production volumes in various categories, the report also provides the reader with monthly net gas storage injection and withdrawal volumes along with the total gas volumes in storage for the state. Working gas as well as cushion gas levels are also reported. California is a major consuming district and the level of production contained within the state has a direct bearing on the amount of gas imports that will be needed to satisfy demand.
CALIFORNIA 2nd QUARTER PRODUCTION REPORT
The following items were discussed in this week's ETS and Corporate Change Control Item... Oct. 21 From 10:00 a.m. - 2:00 p.m., the Unix team will perform maintenance and reboot app server emerald. The following applications will be affected: CAS, ERP/TRV, IZZIE, SIEBEL, WEBMODAL, Commodity Logic. No impact to ETS users is expected. Oct. 27 From 4:00 - 8:00 p.m., Trizechan Properties has scheduled a shutdown of all electrical service at 3 Allen Center. Enron Network Services will power down the 3AC network infrastructure between 3:30-4:00. There will be no network access during the electrical maintenance and the outage will continue until ENS is able to power up all of the networking devices. If you need access to 3AC anytime that Saturday, you will need to contact Trizechan Properties beforehand with your security information. Anyone to attempts to enter the building on Saturday that is not on the list will be denied access.
The following items were discussed in this week's ETS and Corporate Change Control Item
I shall be out of the office from 10/22 - 10/29, returning on 10/30. For questions related to the ETS Rates & Revenue Project, please contact Ray Volpone. Thanks
Out of Office AutoReply: Bus Applications Meeting Follow Up
When: Monday, October 22, 2001 12:00 PM-1:00 PM (GMT-06:00) Central Time (US & Canada). Where: 3AC 32C1 *~*~*~*~*~*~*~*~*~* We apologize for the short notice. This meeting is to finalize Project Process. Lunch will be provided.
Project Process
Transwestern's average deliveries to California were 1017 MMBtu/d (93%), with San Juan lateral throughput at 882 MMBtu/d. Total East deliveries averaged 510 MMBtu/d. El Paso's average deliveries to California were 1961 MMBtu/d (76%): - PG&ETop, capacity of 1140 MMBtu/d, deliveries of 643 MMBtu/d (56%) - SoCalEhr, capacity 1025 MMBtu/d, deliveries of 938 MMBtu/d (92%) - SoCalTop, capacity 413 MMBtu/d, deliveries of 380 MMBtu/d (92%) Friday's posted Gas Daily prices: SoCal gas, large pkgs 2.34 (+.03) PG&E, large pkgs 2.35 (+.09) TW San Juan n/a TW Permian 2.165 (-.025) Enron Online bases: Nov-Mar Apr-Oct Perm-CA .15 (-.06) .23 (even) SJ - CA .24 (-.04) .41 (-.03) SJ-Waha .12 (+.02) .22 (-.04) Perm-Waha .03 (even) .04 (even)
California Capacity Report for Week of 10/15-10/19
Attached for your review are Transwestern's comments to be filed tomorrow on the CPUC's Proposed Decision in the SoCal GIR proceeding. Please review and comment to either Greg Porter or myself by the end of today. Thanks gh
Comments on SoCal GIR Proposed Decision
Lindy, Just wanted to let you know that we have started working on the TW contract and capacity release system. I believe there will be a kick-off meeting sometime next week which you will be invited to attend. We are due to implement on January 14th which gives us very little time to get everything we need to get accomplished so I will be calling and asking you alot of questions in the next month or two. I'd like to try and get together with you soon on two items, inside/outside the path and flow direction. I will be out on vacation next week. If you have time on Friday that would be great, otherwise could we talk by phone next week? Please let me know. Thanks Linda
New TW Contract System
Here is another matrix of TW "Current Shipper" rates & surcharges. This one is not posted on the web. I don't know whether anyone needs/uses it, anymore, but I have been keeping it up. There is a new tab for each change in Current Shipper Rates. The latest is "200111" Elizabeth - I forgot to send this to you this morning. Jeanette - I don't recall whether I sent this along with the other TW files.
FYI 11/2001 TW Rate Matrix - same rates, different format
Below is a link to the Proposed Decision by Com. Bilas on the Gas Industry Restructuring proceeding that has been lingering on the agenda for most of the year. This was just issued late last week and published today. I'm still in the process of reviewing it but the good news is that he is proposing the adoption of the Comprehensive Settlement which Transwestern helped design and supported along with most other participants. The decision does however make some modifications which may not be in our best interest i.e. the adoption of a price cap for secondary market transactions. Due to the lapse in time on this proceeding, Com. Bilas has granted participants the right to file comments by Friday, October 19, 2001. Please review and advise if you agree we should file comments (I also have a call into Mark Baldwin). Note this is 140+ pages--you may wish to review the summary and pertinent sections.
GIR Proceeding--I99-07-003
Today FERC has issued a Supplemental Notice for the Commission meeting agenda which may become common practice. The public meeting is scheduled for tomorrow and is expected to last most of the day. Discussion items are: Gas Pipeline Operational Flow Orders, GX01-1 Kinder-Morgan 637 Compliance Filing, RP00-343 Efficient and Effective Collection of Data, GX01-2 Report of Natural Gas Sales to the California Market, RP01-397 Electric: Generation Interconnection, EX01-5 Investigation of Terms and Conditions of Public Utility, EL01-118 ARCO v. Calnev Pipeline, OR01-8 Ameren Services, ER01-1136 Northeast Utilities, ER01-2584 Midwest ISO, ER98-1438 Carolina Power & Light, ER01-1807 PP&L Montana, P-2188 Pacific Gas & Electric, P-137 East Tennessee, CP01-80 (expansion project for Tenn./Ga line) Consent items that will be taken up without discussion of interest is the GISB and Order 637 rulemakings (RM96-1-008 and RM98-10/12) and OCS rulemaking, RM99-5.
Supplemental Consent Agenda Issued
Attached please find Gas Daily daily prices for April/Oct 2001 for the Permian and Waha areas. The differential looks good for a support of our $.04 offer. Please let me know if you want me to pull more pricing information. TK
Permian to Waha Differentials for Socal Discussions
As a follow-up to our discussion when I was in Houston, attached is a memo that addresses how negotiated rate contracts will be treated in Transwestern's next rate case. I had drafted the memo in response to numerous questions from BP regarding their Red Rock contract rate. Pls. let me know if you have further questions. Thanks, Maria
Red Rock Contracts Impact on Next Rate Case
Dennis: Please, Adjust the Red Rock Administrative contract as shown on the Dec 4, 2001 sheet. This now reserves both Rec & Del points, for 120,000 dth. Call PT 3-0667 with any questions
Red Rock Admin. Contract # 27698.
Lindy: John just emailed me the pictures of Sam. He is the cutest! I can't get over how much he has grown since I saw him. Your Dad is anxious to see these pictures so I have run copies on my color printer--they came
Pictures of Sam
I am supposed talk with Darrell some time tomorrow, but was hoping to speak with you first. Please let me know when you may have some time. Thanks,
TW Project.
Transwestern's average deliveries to California were 884 MMBtu/d (81%), with San Juan lateral throughput at 773 MMBtu/d. Total East deliveries averaged 391 MMBtu/d. El Paso's average deliveries to California were 1896 MMBtu/d (65%): - PG&ETop, capacity of 1140 MMBtu/d, deliveries of 608 MMBtu/d (53%) - SoCalEhr, capacity 1250 MMBtu/d, deliveries of 863 MMBtu/d (69%) - SoCalTop, capacity 540 MMBtu/d, deliveries of 425 MMBtu/d (79%) Friday's posted Gas Daily prices: SoCal gas, large pkgs 3.18 (+.375) PG&E, large pkgs 3.18 (+.37) San Juan (non-Bondad) 3.015 (+.325) TW Permian 3.04 (+.40)
California Capacity Report for Week of 03/18-03/22
Critical Migration Information: 1. Your scheduled Outlook Migration Date is TONIGHT !!!!! 2. You need to press the "Save My Data" button (only once) to send us your pre-migration information. 3. You must be connected to the network before you press the button. 4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER" please select TRUST SIGNER. 5. Any information you Add to your Personal Address Book, Journal or calendar after you click on the button will need to be manually re-added into Outlook after you have been migrated. 6. Clicking this button does not complete your migration to Outlook. Your migration will be completed the evening of your migration date. Failure to click on the button will result in your data not being imported to Outlook. If you encounter any errors please contact the resolution center @ 713-853-1411
3 - URGENT - PLEASE PROCESS NOW!
Critical Migration Information: Please note your migration date did NOT appear in your previous e-mail. Please reprocess your information on your migration date: April 18th. We apologize for any incovenience this may have caused. 1. Your scheduled Outlook Migration Date is THE EVENING OF : April 18th 2. You need to press the "Save My Data" button (only once) to send us your pre-migration information. 3. You must be connected to the network before you press the button. 4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER" please select TRUST SIGNER. 5. Any information you Add to your Personal Address Book, Journal or calendar after you click on the button will need to be manually re-added into Outlook after you have been migrated. 6. Clicking this button does not complete your migration to Outlook. Your migration will be completed the evening of your migration date. Failure to click on the button will result in your data not being imported to Outlook. If you encounter any errors please contact the resolution center @ 713-853-1411
3 - URGENT - TO PREVENT LOSS OF INFORMATION
eSource presents Global Access training Global Access offers an online connection to complete company information and filings via content that includes Disclosure, Worldscope, Datastream and I/B/E/S. The product is designed to allow users to get complete company information such as financials, filings, databases and news for thousands of US and International companies from a single source. Training Agenda Includes: ? General Introduction. ? Basic Reference View Query (Which provides an itemized list of all available source data.) ? Basic Business View Query (Which pulls source data from various Global Access content, and displays it in a presentation summary). Attend our Global Access Clinic: May. 16 - 9:00 -10:00 AM EB572
eSource Presents Free Global Access Training
Houston Ballet gives free performances of Copp?lia at Miller Outdoor Theatre in Hermann Park 8:00 p.m. Friday May 11, Saturday May 12, & Sunday May 13, 2001 sponsored by AZURIX and ENRON Considered the great comedy of classical ballet, Copp?lia tells the story of a doll so enchantingly lifelike that she mesmerizes an entire village, captures the heart of a young swain named Franz and inspires the eccentric toymaker Dr. Copp?lius to attempt to transform her into a living, breathing human being. AZURIX and ENRON are Corporate Sponsors for Houston Ballet's Miller Theatre performances, helping to present these free performances of Copp?lia to the people of Houston. Houston Ballet has a limited number of tickets for the seated area each night for employees of AZURIX and ENRON. These tickets are available on a first-come, first-served basis by calling William at 713-535-3235 no later than 5 PM today . (Please be aware that all unoccupied seats are released at 10 minutes before curtain.) Other, free, general public tickets for the seated area (max 4 per person) are available at the Miller Theatre 11:30 a.m. - 1:00 p.m. on the day of performance; for more information call 713-284-8351 for the Miller Theatre ticket information line. Tickets are not required for the lawn area. About Coppelia Copp?lia was first performed on May 25, 1870 at the Th?atre Imp?rial de L'Op?ra, featuring choreography by Arthur Saint-L?on and music by L?o Delibes. The work maintains a special place in the history of dance, serving as a kind of bridge from the glory of the French Romantic ballet in the early nineteenth century to the masterpieces of the Russian Imperial Theater at the turn of the century. Writing in The International Dictionary of Ballet, critic Karen Dacko analyzes the unique characteristics of the piece as follows: "Copp?lia owes its longevity to its inspired, very danceable score. But the ballet is also remarkable for its perennial appeal and for its historical significance as Romanticism's grand finale and classical ballet's prologue." Copp?lia first entered Houston Ballet' repertoire in October 1974, in a staging by Frederic Franklin (who also performed the role of Dr. Copp?lius), and featuring scenery by Peter Farmer. In November 1979, former Royal Ballet ballerina Anne Heaton re-staged the work for the company. When Houston Ballet premiered its new production of the work in March 1992 featuring breathtaking d?cor by Desmond Heeley, Carl Cunningham of The Houston Post wrote, "It would be hard to imagine anything to cap the joyous, gentle, and glorious looking new production of Copp?lia the splendidly prepared company of dancers and musicians put forth Thursday evening on Wortham Center's Brown Theater stage." (The Houston Post, March 21, 1992) Heeley's designs for Copp?lia never fail to enchant, most notably in the second-act depiction of Dr. Copp?lius's workshop. The sampling of dolls on display pay homage to the era when automatons, or mechanical toys, were the rage in Europe -- and to Heeley's inexhaustible creativity. Among the eye-popping toys featured in the workshop are a huge astrologer with a pointed hat and a robe covered in shooting stars and moons; a strongman with a handlebar mustache and barbells; Puss n Boots; an acrobat hanging from a trapeze holding the man in the moon; and a small ballerina dancing on the back of a goat. In the first act, the vibrant reds, golds, and oranges of the costumes worn by the peasants in the village conjure up a wonderfully picturesque vision of nineteenth century Bavaria.
Houston Ballet's Miller Theater Performance of Coppelia
Attached is a revised Credit Watch listing for the week of 5/14/01. If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report. To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002. For other questions, please contact Jason R. Williams at x5-3923, Russell Diamond at x5-7095, or Veronica Espinoza at x6-6002.
Credit Watch List--Week of 5/14/01
Pam Anderson from Intercontinental Exchange will be giving an ICE presentation on Tuesday, May 22 in EB 32C2 at 3:00 pm . Please let me know if you plan on attending. Thanks,
ICE Presentation
FYI... I just wanted to let you know that I have been working with the settlements group in order to put approx. $800,000.00 into the Central and East desk books for Devon penalties that have been incurred over the last year. Settlements should be talking with the Risk group in order to get this done soon. We are also working to determine the Pipeline cash out as a result of Panaco's imbalance over the last year. After talking with legal it appears that we do have remedy to recoup cash out from Panaco. I'll keep you informed when I have more information. If you have any questions please let me know. Mark
Devon and Panaco
Welcome to enerfax.comEnter Here | Free Domain Name Registration and Free Domain Name Forwarding by YourNameFree.com - Register your domain name. Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service .
Enerfax Daily's free web version of gas & power prices and info Enerfax Daily (28).htm
Stephanie, as we talked before, here are the counterparty FT-Intra-Gulf 2 and the risk book ENA - IM Central Gulf NGPL that need to be inactivated, and the trader's name is Tom Donohoe. If you have any further questions, please give me a call at x54851. Thank you
User ID inactivation
BUSINESS HIGHLIGHTS Enron Industrial Markets Enron Industrial Markets announced the signing of definitive agreements with Huntco, Inc. under which over a 15-year period Enron will provide inventory price risk management services and will eventually provide more than 600,000 tons per year of hot-rolled, cold-rolled and galvanized steel products to Huntco Steel. The agreements provide Enron access to Huntco's network of steel distribution centers nationwide. The agreements also provide for Enron's acquisition of Huntco's cold rolling and certain coil pickling operations in Blytheville, Arkansas. These transactions with Huntco have the potential to fundamentally change the way steel is bought and sold in the United States. It gives Enron immediate access to physical steel and positions Enron geographically to serve the steel industry in a variety of ways. In addition to providing physical products on both a spot and term basis, EIM's goals for the steel industry include developing commodity risk management products, providing structured finance products and establishing the market-making capabilities that Enron has brought to the natural gas, power and other commodity markets. Enron North America-Upstream Products Upstream Products has partnered with Duke Energy Field Services (DEFS) to close a 20-year NGL exchange and transportation deal with Formosa Hydrocarbons and Williams Energy Field Services to handle raw make product from the Williams Markham plant. Formosa Hydrocarbons is building a 40,000 BPD fractionator to handle this and other Gulf Coast NGL production. The accompanying pipeline will be known as the Seabreeze pipeline system and will be constructed by DEFS. Texas Brine LLC will provide NGL storage services for Formosa Hydrocarbons on this system. Primary production for this system is coming from the Boomvang Nansen field in the deepwater GOM and will be the first deepwater GOM production to come onshore in Texas. Upstream Products has also worked to arrange a 20-year transportation lease agreement on the Dean Pipeline (owned by TEPPCO) for refinery grade propylene service to be utilized by Formosa Plastics. Coupled with this transaction, Enron Clean Fuels has entered into a propylene storage agreement with Formosa Plastics to utilize ECF's Mt. Belvieu storage facilities. In addition, Enron Global Markets has been able to amend its current transportation agreement with TEPPCO to prematurely terminate a take-or-pay obligation and realize additional transportation revenues from interim NGL production coming from the Williams Markham to be delivered to Mt. Belvieu. Upon close, Upstream Products was monetized out of its initial position by DEFS and retained a risk-free net profits position on the Seabreeze Pipeline going forward for an additional 20,000-40,000 BPD of excess capacity on the system. ENA West Power Southwest Power, an ENA affiliate, signed a 222MW 15-year tolling agreement with Allegheny Energy Supply for all of the output of Southwest's Las Vegas expansion project, scheduled for completion in September, 2002. With the tolling agreement done and construction underway, the project will now be marketed to qualified generators. IN THE NEWS "To truly understand Enron's Jeffrey Skilling - the hypersmart, hyperconfident chief executive of what may now be the largest energy trading company on the planet - head to your local video store and check out that classic American cinema, Wayne's World. At 15, Skilling helped launch a no-budget television station in Aurora, Illinois - the very thing that Mike Myers and Dana Carvey so famously spoofed on Saturday Night Live and in two movies. The TV skit even begins with a sketch of a teenage cameraman, the role of the real-life Skilling." --- Randall Lane, Worth Magazine. May 2001.
EnTouch Newsletter
Attached is a revised Credit Watch listing for the week of 5/21/01. Please note that The Paralan Company and SGL Carbon, LLC were added to the Credit Watch List. Also, Southstar Energy Services, LLC had been moved to "NO TRADES". If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report. To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002. For other questions, please contact Jason R. Williams at x5-3923, Russell Diamond at x5-7095, or Veronica Espinoza at x6-6002.
Credit Watch List--Week of 5/21/01
Scott, Could you please move the following deals from Tom Donohoe's desk to the Upstream desk for June forward and enter corresponding desk to desk tickets? However, on the gas daily desk to desk, can we please aggregate all the volumes and enter just one desk to desk at the ANR pool? If you have any questions regarding this please feel free to ask either myself, George or Charlie. It would be great, if you could get this done before tomorrow. 749363 312114 749065 340337 340382 340387 706080 751703 Thanks,
June Deals
eSource presents SDC Platinum training SDC Platinum offers detailed transactional information on New Issues, Mergers & Acquisitions, Syndicated Loans, Private Equity, Strategic Alliances, Project Finance and others. The product is designed to allow users to compare transactions, evaluate advisors, and analyze market and industry trends. Training Agenda Includes: ? General Introduction. ? Basic query techniques for new issues and M&A databases. ? Basic query techniques for trend analysis. Attend our SDC Platinum Clinic: May 30 9:00 -11:30 AM EB552
eSource Presents Free SDC Platinum Training
Hey Guys, I would like to get together this afternoon around 3:30pm to discuss how we will handle our business during a hurricane. Issues that we probably need to address are rankings, contracts and possible re-routes and alternative sources of gas. This should only take about 30minutes. Thanks Lisa
Hurricane Preparedness
Your participation and expertise in high profile visits makes a valuable contribution to the Enron experience. To help you manage your time with these visits and to ensure the experienceENRON process works efficiently, we ask that Jennifer Brockwell and myself be your single point of contact for scheduling your tours. Our thorough screening process helps ensures these guests receive access to the right areas, the right subject matter experts (SME's) and the highest quality of service. If you are contacted from someone other than Jennifer and myself (or the chairman's office) to conduct a tour, we recommend you let the person know you are happy to help but experienceENRON manages the tour schedule and refer them to Jennifer Brockwell ext. 57358 or Carrie Robert ext. 33522. Please let me know if you have any questions. Thank you
Tour Scheduling
BUSINESS HIGHLIGHTS Enron Industrial Markets EIM has recently formed a Forest Products Origination team led by Rob Saltiel to pursue structured transactions. Typically, these deals employ a combination of physical supply/offtake, price risk management and/or finance to bring value to Enron and our customers. Priority commodities include pulp, newsprint, recycled papers, linerboard, and lumber. Response to the new team's efforts has been positive, as many of the Forest Products companies have needs for commodity and capital solutions that are currently unavailable. Enron Freight Markets During its first month in the over-the-road (OTR) trucking business, Enron Freight Markets has completed over 120 spot OTR trades. On Friday, March 18, there was a shortage in the Houston outbound market and capacity was selling for $1.65 per mile. By comparison, average market price has stayed in the $1.05-$1.10 per mile range in recent weeks. EnronOnline On May 23, Enron Corp. announced that it completed its one-millionth transaction on EnronOnline, the world's largest web-based e-commerce platform for commodities. As an online extension of its successful wholesale energy business, EnronOnline began transacting natural gas and electricity on November 29, 1999. Since that time, the company has extended the platform to approximately 1500 wholesale commodity products ranging from energy-related commodities to bandwidth, metals, forest products, plastics, petrochemicals, and weather and credit derivatives. Approximately 60 percent of all Enron transactions are now conducted online, and the cost of processing the transactions has been reduced by 75 percent. EnronOnline Statistics Below are the latest figures for EnronOnline as of May 23, 2001 ? Total Life to Date Transactions > 1 million ? Life to Date Notional Value of Transactions > $600 billion IN THE NEWS Enron Corp. Chief Executive Officer Jeff Skilling likes to say that the nation's leading energy merchant was ready for the Internet long before there was anything.com. Enron's business of buying and selling commodities - by phone or fax - was a natural fit for the Web. The challenge now is to get the new broadband Internet trading unit on solid footing by proving that bandwidth can be traded like a commodity. BusinessWeek e.biz/May 14,2001. WELCOME New Hires EGM - Gregory Sharp, David Cho EIM - Rosie Carrizal-Moulinet, Thomas Mathieu ENA - John Poppa, Brandy Powell Transfers (to or within) EGM - Rhonna Palmer NUGGETS & NOTES Travel tips of the week: 1) Fly Coach. Elite members of frequent flyer programs are often upgraded to first class at no additional charge. 2) Consider Alternate Airports. If you live within driving distance of two or more airports, examine fares for each airport carefully. Sometimes special fares are offered for flights into specific airports. LEGAL STUFF The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries. It is intended for internal use only and should not be disclosed.
EnTouch Newsletter
The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision? Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own. Please inform us ahead of time if you need special accommodations to participate in this meeting. Call 3-9390.
The Enron Oral History Project Continues
Tom, Hi, I spoke to you earlier today about the question you had regarding desk to desk trades. I want to make sure that I answer your question completely and accurately. If possible, would you mind e-mailing your exact questions and concerns so that I can gather all the information that you need? Once I receive your e-mail, I will speak to the proper people to get you an answer as quickly as possible. Thanks for your assistance. Ashu Tewari x5-3558
Question regarding EnronOnline
Begining 6/4/01 most North American Gas and Power quotes will be displayed on and transactable from the TRUEQUOTE trading platform. Please call me if you have any questions or need more information. Thanks. Savita X31787
EnronOnline Quotes on TRUEQUOTE
Charlene: Please forward to Victor also but for next month I'll need the first of the month nominations asap in order to confirm all locations / total Index and Gas Daily volumes for both HIOS and ANR. Please let me know as soon as possible and also send final revisions directly to me. I will also need to confirm totals verbally after you have send the final nominations for June 1. Thanks,
DEVON - June 1 noms
Reminder The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision? Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own. Please inform us ahead of time if you need special accommodations to participate in this meeting. Call 3-9390.
Reminder
Midland Cogen is saying that this deal #780788 for 1700 MMBtu's on May 10th, should have been Trunkline.ELA.GDP.D.A. instead of Trunk.Katy.GDP.D.A. Could you verify this and if they are correct please change this in our system?
Midland Cogen Deal #780788
You have signed the last beam.... Now watch it rise. Enron employees are invited to celebrate the Topping-Out of Enron Center South this afternoon at Antioch Park 3:45 pm - 4:30 pm. In celebration of Arbor Day, tree saplings will be handed out to all participants. In the event of rain, the Topping-Out Celebration will air on IPTV Wednesday and the tree saplings will be distributed in the plaza today at 4:00 pm
Topping-Out Ceremony Today
Tom, Attached is the RFP as per our discussion. You can call me @ (313) 982-8830 or Mr. Roberts if you have any questions concerning the RFP. Please submit all your offers directly to Mr. Roberts. Thank You
Dearborn Industrial Generation RFP
My computer received a virus today and appears to have forward the virus to everyone in my address book. If you have received an email from me this afternoon and have opened, please run an anti-virus program. If you have not opened it, please delete. I have no idea what the virus does but I have not experience any problems. Herb
Virus Alert
Attached is a revised Credit Watch listing as of 4/23/01. Please note that NUI Utilities, Inc. has been placed on "No Trades". If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report. To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002. For other questions, please contact Bill Bradford at x3-3831, Russell Diamond at x5-7095, or Brant Reves at x3-9897.
Credit Watch List--4/23/01
In order to remain consistent with Enron's new security access procedures for the Enron Center Campus in Houston, all Body Shop Members and Guests will be required to present their Enron Photo Badge ID or a Photo Driver's License to the Body Shop Security Officer each time they enter the Body Shop. We appreciate your assistant to expedite these procedures by being prepared to present your ID to the Body Shop Security Officer each time you enter the Body Shop. All members will continue to use their Enron ID Badges to access the exterior Body Shop building security card reader as well as use their Badge ID's at the Body Shop Front Desk Member card reader. Lee Wright Body Shop Program Manager
Body Shop Security Access
Due to an instructor illness - the Tuesday, 12:20pm Cardio Kick II Class has been cancelled. We appreciate your patience and understanding. The Body Shop
Lunch Cardio Kick II Class Cancelled Today
In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.
New Legal Team to Assist RAC
I spoke to the professors and we decided that the Midcontinent class will be held Monday's and Wednesday's from 3:00 to 4:00, Ontario class will be held Tuesday's and Thursday's at the same time. Classes will commence Monday 8, 2001, and will continue until Thursday 19, 2001. Midcontinent test will be held on Monday the 22nd and Ontario test will be held on Tuesday the 23rd. Please e-mail any suggestions, conflict, registry. Thanks
Classes
Dear Tom, Thank you for writing to Amazon.com. I have sent a reply to your message to the e-mail address associated with your account. To protect your privacy, we can only send account information to the e-mail address on file for your account. We appreciate your patience with our security measures. I hope that this does not cause you any inconvenience. Please note that you may check the status of your account and orders at any time by clicking on the "Your Account" link at the top of our web site.
Your Amazon.com Inquiry
I believe Jeff Bartlet will be seeking your approval to the standstill provision in the above agreement. I just wanted to make sure that you are aware that Enron Corp. as an affiliate of ENA would be bound by the provision, since (i) it will have access to the confidential information or (ii) if it takes any of the actions prohibited by paragraph 5 of that letter at the direction of ENA. Please let me know if you have any questions about this.
Covanta Confidentiality Agreement