input stringlengths 93 39k | output stringlengths 1 117 |
|---|---|
In preparation for your Wednesday meeting with Heath, here are some supporting documents.
Will be calling on Tuesday to answer any questions.
1.
This is the main argument and rebuttal document 2.
This is the document Heath presented to his investment advisory board, incl.
Lay and Whalley 3.
This is a presentation describing the current skills of the team and ensuing organizational structure of the deal 4.
Some backup numbers on valuation this is IdleAire's and Xtransco's note they are based on different business models.
5.
Some backup documentation on fuel idling burn (we are conducting tests with Grady Olson that are yielding the same results) and results from a prelim survey we conducted on truck drivers regarding their views and interest in value prop (note these results are very rough--you should receive a better version before your meeting no Wednesday.)
| Xtransco Info |
Pam: Please note that Dave Neubauer requested to move from the 39th floor to EB1354.
The EB1354 office is empty and ready for move-in.
Danny has approved the move and the location on the 39th floor has been challenging for Dave in regards to administrative assistance and when staff/employees are trying to locate him.
Please advise when we schedule Dave for a move.
It would be preferred to wait until Linda returns from vacation (week of October 19th) so we can properly handle the move.
If you have any questions, please call me at x33597.
Thanks.
| Dave Neubauer office |
Cindy called this morning to let you know that Stan plans to go to Omaha January 9 for an all employee meeting for Northern Natural and Northern Borders.
You are welcome to travel on the plan with him.
Please advise Cindy next week what your plans are.
| Message from Stan's office |
Summary Risk Data as of 26Dec2001 Previous Active Financial Deals 71 71 Active Physical Positions 40 40 P&L Daily ($thousands) 88.3 47.0 VaR ($thousands) 1,626.3* 1,611.4* ETS Margin Account Deals 0 0 *The VaR continues to be over the ETS VaR limit of $1,000,000.
Company MTM by Counter Party Asset Liability Net 21Dec01 Previous Change NNG EL Paso Energy Marketing 17,727.8 (20,164.3) (2,436.5) (2,296.6) (139.9) NNG Reliant Energy Services 81.5 - 81.5 76.5 5.0 NNG TransCanada Energy 21,039.6 (20,429.4) 610.2 620.5 (10.3) NNG Grand Total 38,848.9 (40,593.7) (1,744.8) (1,599.6) (145.2) The terminated contracts with RMTC are now fixed receivables as of the early termination date of December 14, 2001 except for interest.
NNG is owed $4.8mm and TW is owed $33.9mm.
Amounts are past due.
Definitions: Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e.
Index to index deals, and anticipated fuel sales) This does not include standard transport and storage agreements or unhedged natural positions.
P&L Daily: Daily change in the mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system.
This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions.
VaR is "Value at Risk": Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval.
This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.
| Daily Summary of Risk Data 12/26 |
Danny: You should have received Rob, Eric and Joe accomplishments.
Dave and Kent are the only ones outstanding.
I tired to get you some Gallery Bowl tickets from Reliant but, no luck.
I will pay you back for lunch next week too.
Cheers.
Have a great holiday.
I am off to Radio Shack.
Phil at my apt.
has me looking for a special connection/wire and feels certain that he can connect my DVD up.
The challenge is on!
| Accomplishments |
Summary Risk Data as of 20Dec2001 Previous Active Financial Deals 71 98 * Active Physical Positions 40 40 P&L Daily ($thousands) 0.5 (2.2) VaR ($thousands) 1,533.8 492.1 * ETS Margin Account Deals 0 0 *The decrease in active deals is from the early termination of both the NNG & TW ISDA agreements with RMTC effective 12/14/2001.
The increase in VaR is because the TW terminated contracts with RMTC have not yet been replaced.
The VaR is currently over the ETS VaR limit of $1,000,000.
Company MTM by Counter Party Asset Liability Net 20Dec01 Previous Change NNG EL Paso Energy Marketing** 18,337.6 (20,632.1) (2,294.5) (2,259.2) (35.3) NNG Reliant Energy Services 76.5 - 76.5 75.2 1.3 NNG TransCanada Energy 22,687.4 (22,067.1) 620.3 620.2 0.1 NNG Grand Total 45,858.9 (42,699.2) 3,159.7 3,193.6 (33.9) ** All of our El Paso positions are closed as of December 18, 2001 and we have a net liability with a fair value of $2.3mm.
The terminated contracts with RMTC are now fixed receivables as of the early termination date of December 14, 2001 except for interest.
NNG is owed $4.8mm and TW is owed $33.9mm.
Amounts are past due.
Definitions: Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e.
Index to index deals, and anticipated fuel sales) This does not include standard transport and storage agreements or unhedged natural positions.
P&L Daily: Daily change in the mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system.
This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions.
VaR is "Value at Risk": Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval.
This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.
| Daily Summary of Risk Data 12/20 |
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 |
Summary Risk Data as of 21Dec2001 Previous Active Financial Deals 71 71 Active Physical Positions 40 40 P&L Daily ($thousands) 47.0 0.5 VaR ($thousands) 1,611.4* 1,533.8* ETS Margin Account Deals 0 0 *The VaR continues to be over the ETS VaR limit of $1,000,000.
Company MTM by Counter Party Asset Liability Net 21Dec01 Previous Change NNG EL Paso Energy Marketing 17,814.4 (20,111.0) (2,296.6) (2,294.5) (2.1) NNG Reliant Energy Services 76.5 - 76.5 76.5 - NNG TransCanada Energy 22,482.7 (21,862.1) 620.6 620.3 0.3 NNG Grand Total 40,373.6 (41,973.1) (1,599.5) (1,597.7) (1.8) The terminated contracts with RMTC are now fixed receivables as of the early termination date of December 14, 2001 except for interest.
NNG is owed $4.8mm and TW is owed $33.9mm.
Amounts are past due.
Definitions: Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e.
Index to index deals, and anticipated fuel sales) This does not include standard transport and storage agreements or unhedged natural positions.
P&L Daily: Daily change in the mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system.
This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions.
VaR is "Value at Risk": Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval.
This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.
| Daily Summary of Risk Data 12/21 |
The on-line contracts Request 42975 and 42965, Route 1 were approved by Karen Brostad.
The report for Stan was sent to Cindy (only had three reports) to send in.
You were copied on the email.
FYI on the move.
Pam Daily received information today from Stan and Rod that the people in the 3AC (Lowry's group) have to be moved by January 18th the lease is being terminated early.
Kim Watson called Pam to get status on our move and Pam seemed overwhelmed by this information.
Kim has graciously volunteered to assist Pam in coordination of the move and how the moves will affect our move.
Kim and I discussed and came up with several alternatives.
Kim also suggested that we both assist Pam as we have to get Market Services and the groups placed one floor soon.
Pam wanted to move some of the people on 44 and 45 where our group was to moved and move them again when space opened?
Kim suggested either 47 or the 13th floor.
Mucho space on 47 and I took a rough count of the 13th floor.
10 offices and 82 cubicles.
Some of the cubes are very spacious.
Call me at home or on the cell tomorrow if you need anything.
| FYI |
Danny, This is the summary of the commercial terms proposed to IdleAire (all the terms are still subject to further negotiation with IA).
We think we have something solid to work with provided we receive $12-15 mm in total funding over next 6 mos.
I greatly appreciate your continued support and your help in finding us some capital.
Cheers'
| Summary of IdleAire commercial terms |
Danny, Listed below are some statistics that we keep track of relative to our IDD business.
The growth of this business is attributable to the great mix and number of people that we have in the Storage group under Sue's direction.
We feel that a big reason for our success is the great team that we have built and we have gone to great lengths to insure that we have the right mix of people in the group.
This is why were so excited to see that Morgan was interested in coming back to the group.
Not only does this get our staffing back to the level that it needs to be, but Morgan has proven that he is highly effective in the group.
If the situation with Morgan doesn't work out then I feel the need to continue looking for the "right" person to replace Theresa.
This approach is also the approach for the Pricing and Structuring group under Jo's leadership (i.e.
insuring the right mix and number of people).
We have been looking to replace Jeff Nielsen with the right person and feel that the security of our business requires another person on the Pricing Desk.
I wanted to bring both of these jobs to your attention given the staffing questions that we had today.
STORAGE STATISTICS: Transactions (Bcf) Annual Revenue ($millions) 1997 49 $ 5.5 1998 39 $ 6.7 1999 40 $ 6.7 2000 85 $10.7 2001 119 $21.2
| Storage Business |
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 |
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 |
St.
Paul??
?s United Methodist Church Habitat for Humanity Project November 19, 2001 OK, so maybe I was a bit optimistic .
.
.
The work on the siding and soffits went very slowly, the plumbing was not completed, the paint for the second exterior coat did not arrive and the landscaping has been delayed.
According to Will Greenough, our construction manager from Habitat, his anticipated completion date of December 15 has slipped again to as late as mid January.
Much of the delay is attributable to complications arising from the concrete construction, which made otherwise simple jobs very time consuming.
You should have seen the plumbers trying to drill through ten-inch concrete walls!
What all this means for us is that we have at least two more weekends of work.
If you are free on either November 24 or December 1, or both, please come out.
All of us find ourselves in the middle of crowded schedules this time of year, so anyone who can make the time to help, even for a half day, is very welcome.
We will continue on the siding and soffits, repainting and landscaping.
The going is slow, but the house can't be completed without it.
Let me know if you will be there so we can plan for food and drink.
We won't have van service on November 24, but we can arrange car pools from the church if there is any interest.
Thanks again to Ken Jones and Martha Cochrum for keeping us well fed.
Also to Jeanne Koch for keeping us safe (and not falling off the ladder) and to ??
?chainsaw Felker???
for not cutting anything but the trees.
Also to Allene Ford for her example of boundless energy and to our crew chiefs, including Bob Mahlstedt and Roger Fowler, for getting the job done.
Our site is full of the sense of warmth and family that makes St. Paul's such a special place for worship.
For that, thank you all.
| HABITAT NEWS |
10 Reasons Why Trick or Treating is better than Sex 10) You are guaranteed to get at least a little something in the sack.
9) If you get tired, you can wait 10 minutes and go at it again.
8) The uglier you look, the easier it is to get some.
7) You don't have to compliment the person that gives you some.
6) It's ok when the person you're with fantasizes you're someone else because you are.
5) 20 years from now you'll still enjoy candy.
4) If you don't like what you get, you can always go next door.
3) It doesn't matter if the kids hear you moaning and groaning.
2) Less guilt the morning after.
***And the #1 reason why Trick or Treating is better than Sex*** 1) YOU CAN DO THE WHOLE NEIGHBORHOOD!
| Halloween |
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 |
The file I sent earlier apparently didn't have volumes for April forward.
This file does and there are a few days where Conoco did use alternate or interruptible volumes.
Sorry for the confusion.
| Conoco alternate points |
Beginning November 1, 2001 Transwestern and Lonestar Gas Controls will no longer be able to use both points to balance.
We will need to flow the gas where it is scheduled until further notice.
If any questions please call Thanks DS
| Lonestar Ward and Pecos |
Hi Mark, I know we spoke about some of these things yesterday, but I thought I'd give you some specifics of the things we would look.
Many of these topics may be tied into the "Accounting, Administration" portion of the Word document you sent out.
Finance - Loan documents* related to the debt financing of the project (especially any covenants or provisions in regard to the transferability of the debt under new ownership) *If the debt is not specifically tied to this project, then it would be valuable to know what percentage of corporate debt they have allocated to the project.
- Book Value of the Assets - CapEx budget going forward (I saw that you already mentioned the need for historical CapEx numbers.)
- Depreciation Schedule of Assets These are the issues that would be most important to us given all the other subjects that you have already address in your list.
Thanks,
| Additions to Data Request |
Mark, Thanks for the opportunity to meet with you and the rest of the Transwestern team.
Attached is a generic overview of the Weather Markets...please call with questions.
I look forward to working with you .
| Weather Risk Management |
Dave, Using the numbers we have today and the Pemex volume of 240/day @ $0.25 as we have noted does not get KM to where we would want to be.
I layered on an additional 5 year commitment on the 240/day to cover some of the gap but we were still short of targets.
I then modified the debt term to 20 years which should be acceptable as the project would be supported for that length by the extended term and that covers an additional portion of the gap.
However, we are still short of our target and my calculations indicate a need to have 22/day @ $0.25 starting in year 3 and lasting through year 20 to make up the difference.
In the alternative, a rate of $0.267 with the 20 year term and 20 year debt note also gets us there.
All in all, neither one is that big of a hill to climb so we know what we are looking at.
Mark, Could you review from TW's perspective and see if you come up with numbers in the same ball park?
| Transpecos |
CERA notified us yesterday of new procedures for accessing the CERA web site.
If you have never registered for www.cera.com, please follow the procedures attached.
Call me if you have any questions.
| Changes in Registration for CERA Access |
I have created a very simple speadsheet for us to track the status of conversations, payback plans, etc.
for the volumetric OBAs we are cancelling.
It is located on the share drive under lindberg/obastatusrpt.
Please update as necessary.
Lorraine
| OBA |
Maria Pavlou has graciously agreed to give the TW Commercial Group a brief review of the Global Settlement on Thursday, November 1 from 10 - 11:30 am in 49C2.
Please mark your calendars if you are interested in attending.
Lorraine
| TW Global Settlement |
I have added group 'MarketingDashboard' to your profile for JavaWebStart.
Please allow 15 minutes for server replication.
Then you will need to logoff/logon.
If you have any problems, please feel free to give me a call.
Thanks,
| JavaWebStart follow up |
October 29, 2001 Saturday was a glorious day weather wise.
Our volunteers turned up ready to complete the house if nothing came in our way.
Unfortunately, it seems the roof trusses are no longer constructed by Habitat volunteers, but rather manufactured by a contractor.
Our trusses did not show up, so we finished putting the "cap" on our interior and exterior walls to prepare for the trusses next week, and then erected the trusses on our neighbor's house!
The house next door is being built for the Espinoza family, and is known as the "Anniversary House."
Will and Linda Dalferes were looking for a unique way to celebrate their 25th anniversary: Why not build a house for Habitat for Humanity!?
The Dalferes sponsored the house and invited all their friends to come help build it.
The St. Paul's family can now count itself as "friends of the Dalferes."
Will and Linda asked me to convey their sincere appreciation for the help we provided this past week.
When you next work, please take a moment to get to know Will and Linda.
Many thanks to Ken Jones and Martha Cochrum for the pizza last Saturday.
You have never seen pizza disappear so fast!
This Saturday is still in the planning stages.
One option you may want to consider is the BBQ wagon several doors down on Tangiers.
The gentleman there has been selling his beef, chicken and links at the same location for 45 years!
If any of you have questions or comments, please feel free to respond by return email or to 713-748-3317.
Les
| HABITAT NEWS |
It appears that Conoco has not used any alternate points on their firm contracts back to October, 2000.
The attached spreadsheet supports this statement.
Let me know if you need anything else.
| Conoco FT's using alt pts |
In its preliminary notice of November maintenance, El Paso had scheduled Lines 1300 and 1301 on the San Juan Crossover for total shutdown Nov. 29-30.
It said Wednesday the shutdown has been delayed to coincide with the Dec. 1-2 weekend, when all 650 MMcf/d of the crossover's capacity will be cut to zero.
Portions of Line 1300 will be shutting down Dec. 11-12 and Dec. 18-19; capacity cuts then will be 60 MMcf/d.
| El Paso Maintenance on Lines 1300 and 1301 on San Juan Crossover |
St.
Paul??
?s United Methodist Church Habitat for Humanity Project November 26, 2001 If you want to work on a Habitat house this year, next week should be your final chance.
Last Saturday, we completed the siding and soffits and most of the trim on our house.
What remains should go quickly on December 1 (just in time for Christmas shopping).
The plumbing was also completed but the inspection did not taken place.
By next week, we should have the paint for the second exterior coat and the landscaping materials.
In addition, we will try to finish the siding, soffits and trim on the Dalferes house.
I asked again about interior and exterior doors and windows, but the project is so far behind, and the concrete construction requires such different techniques, that Habitat wants to wrap up the project with contractors.
From the Franco??
?s standpoint, that's probably a good thing.
Please let me know if you can help out on December 1.
Many of you have already called or written and I appreciate your diligence.
We will have so much to do this weekend, with jobs for all skill levels, that having a crowd would not be a hindrance.
The landscaping and exterior painting will also be a great opportunity to get some more kids involved.
If you can help, even for a half day, you will be very welcome.
We will plan for food and drink again and the lunchtime party is worth the price of admission (Thanks Ken!).
Also, please let me know if we will need van or car pool service.
While you are considering your schedules, don't forget the dedication for the home when it is completed.
Once we know when the Franco??
?s can move in, we will schedule a get together with them to dedicate the house and hold an informal celebration.
Second, we will present a housewarming gift of a clothes washer and dryer through Habitat.
If you would like to help in acquiring the washer and dryer, please make a check out to St.
Paul??
?s UMC and indicate ???Habitat???
on the memo line.
Finally, Habitat is planning to build 50 homes next year, and has to complete 42 of them by September in order to meet the terms of the HUD loans used to acquire the land.
The homes will be of traditional frame and siding construction, and Habitat is gearing up for another intensive building program.
Please let me know if you are interested in participating in the build, and whether you want to assist in the planning.
| (no subject) |
Guys, Attached is a resume for a guy I know via technology and a very old parental friendship.
He is a very aggressive guy and marketer type.
He has the personality to be an originator or mid-marketer.
He would pound the phones.
Follow up if you want to talk with him.
I am going to forward on to technology guys too but wanted to give you first crack.
Mike
| Origination Opportunities in Global Markets |
Ken, Per my voicemail, we are having an all employee meeting on next Monday at the Hyatt Regency.
The purpose of this meeting is to pull everyone together for an update on EGM and a brief presentation from all the business units within EGM.
This includes about 1 hour of business and then drinks and food - we expect about 500 people.
We have made a lot of progress on changing the nature and profitability of these businesses and we want to make sure everyone sees just how far we have come in a few months.
I believe they will be motivated to see the growth and profitability.
We had a record Q1 with $100 million of gross margin.
That was 50% of what they made in all of 2000.
Combined with the fact that in December of 2000 alone we made $87 million in gross margin, I believe it will have a big impact.
If you could attend the meeting even for a few minutes it would go a long way in helping us drive our other point which is that the EGM businesses are now core to Enron and has the attention of both you and Jeff.
Thanks for considering this and let me know if you need any other information or assistance.
Mike
| EGM - all company meeting |
FYI , this is what Suzanne was talking about.
I didn't know any of this was going on.
I haven't talked with SN yet.
Do you have any comments before i do?
m
| Letter from Suzanne Nimocks and Thomas Seitz |
Jeff,=20 Attached is a draft copy of a presentation that was created as an internal= =20 briefing document on the business activities within EGM.
The purpose of th= is=20 presentation is to communicate our activities and provide individuals with = a=20 more detailed reference document on these businesses in case they come up i= n=20 Q&A or if you need some quick facts about these businesses and I'm not=20 around.
=20 This is a confidential and internal document, which includes earnings=20 targets, goals and objectives.
We have a shorter more external version tha= t=20 we use to describe our businesses.
I can provide that copy if you are=20 interested.
Please don=01,t hesitate to contact me if you have any questions or would l= ike=20 to discuss this in more detail.
=20 Mike PS - I will also send one of these to IR and PR
| EGM presentation |
Ken,=20 As discussed in our conversation this afternoon, attached is a draft copy o= f=20 a presentation that was created as an internal briefing document on the=20 business activities within EGM.
The purpose of this presentation is to=20 communicate our activities and provide individuals with a more detailed=20 reference document on these businesses in case they come up in Q&A.
This is a confidential and internal document, which includes earnings=20 targets, goals and objectives.
We have a shorter more external version tha= t=20 we use to describe our businesses.
I can provide that copy if you are=20 interested.
Please don=01,t hesitate to contact me if you have any questions or would l= ike=20 to discuss this in more detail.
=20 Mike=20 PS - I will also send this to Jeff, IR and PR
| EGM presentation |
Steve, Attached, for your information and reference, is copy of a presentation tha= t=20 was created as an internal briefing document on the business activities=20 within EGM.
The purpose of this presentation is to communicate our=20 activities and provide individuals with a more detailed reference document = on=20 these businesses in case they come up in Q&A.
This is a confidential and internal document, which includes earnings=20 targets, goals and objectives.
We have a shorter more external version tha= t=20 we use to describe our businesses.
I can provide that copy if you are=20 interested.
Please don=01,t hesitate to contact me if you have any questions or would l= ike=20 to discuss this in more detail.
=20 Thanks,
| EGM presentaion and update |
All, Attached is a draft copy of a presentation that was created as an internal= =20 briefing document on the business activities within EGM.
The purpose of th= is=20 presentation is to communicate our activities and provide individuals with = a=20 more detailed reference document on these businesses in case they come up i= n=20 Q&A.
This is a confidential and internal document, which includes earnings=20 targets, goals and objectives.
We have a shorter more external version tha= t=20 we use to describe our businesses.
I can provide that copy if you are=20 interested.
Please don=01,t hesitate to contact me if you have any questions or would l= ike=20 to discuss this in more detail.
=20 Thanks,
| EGM briefing presentaion |
John, FYI, here is the presentation we discussed today.
This is internal only but it can act as a guide if you want to know what we are doing or our approach.
This is a first draft and I'll send you an updated one when it is finished.
m
| EGM briefing document |
CP, Go ahead and put me in the Marriot.
I should give this a try.
Plus it will make them plan better for us.
m
| OU trip |
I had a good interview with Andy Maus yesterday.
He is a strong candidate and I wanted to make you aware of his background.
His resume is attached below.
Please contact Andy if you are interested in talking with him.
Thanks.
| Strong Candidate |
I had a good interview with Andy yesterday.
He is a strong candidate and you may want to consider him for origination and mid-marketing opportunities.
His resume is attached below.
I highly recommend Andy and if you are interested in talking with him, please contact Shanna Funkhouser to arrange an interview.
Thanks.
| Strong Candidate |
I had a good interview with Andy yesterday.
He is a strong candidate and you may want to consider him for origination and mid-marketing opportunities.
His resume is attached below.
I highly recommend Andy and if you are interested in talking with him, please contact Shanna Funkhouser to arrange an interview.
Thanks.
| Meeting followup |
All, Attached is a presentation that I have put together to review EGM's activities.
The purpose is to provide an information package on our businesses for Senior mgt and Investor relations.
This will not be distributed externally but will education people on our businesses and some of our goals.
Please take a few minutes to briefly review and make any comments and/or changes and fax or provide a hard copy back to me.
You can send me copies of just the pages that have updates.
Also please focus on the map and insure that there are not mistakes ( i found some recently).
There is also a shorter version presentation that is more external and once I've updated both, i will send everyone a copy via email for your reference and use.
Thanks,
| presentation |
Darrell, I attempted to call you a few minutes ago (late night your time - but there was no voicemail).
I didn't want to wait several more days before I contact you.
I'm out all weekend.
Eric shared with me some of your concerns about resources for a Korea LNG opportunity.
I certainly understand your view but wanted to share some of my thoughts.
Rick and/or Clay know the Asian LNG industry better than anyone else in the company.
They are very good and I have a lot of faith in them and their ability to assess opportunities and develop projects.
They are lacking wholesale type of transaction experience that a few of the guys that have recently come into the group have.
That is why we have brought them in.
We have a very strong team and i like the mix a lot.
Eric is the person we chose to run the group for many reasons but it wasn't' done as a lack of faith in Rick or his original team.
The biggest opportunities and the viewpoint we must take in this business is running it like a wholesale unit and running it as a portfolio of transactions and books.
That certainly doesn't mean that 20 years of experience doesn't have enormous value especially in the non-Atlantic markets.
Rick is in the process of coming back to Houston after the shut down of our middle east projects and strategy.
Rick is also in the process of assessing what exactly he would like to do in the time of transition.
My very sincere hope is that he will stay in the LNG group and perform a very important role especially in this type of development or deal making role.
Especially in a big deal in Japan, Korea or something in the Asian area.
We will discuss this next week when he comes to town.
I need Eric to be in Houston right now due to our Elba Island, Venezuela and Bahamas immediate activity.
He will certainly be engaged in everything but he can not be focuses as much as you need in Korea or Joe needs in Japan.
Please give me a call next week and we can discuss this in more detail.
Thanks,
| Korea LNG opportunities |
Eric, A couple of high priority activities we need to address very quickly.
Run down of Nigeria deal (100/400 mmbtu/d) Bahamas - Skilling update, acceleration of Corp effort, approvals Elba - supply and managing t-o-p Ven - Lay call, timing of Ven decision and game plan R Bergseiker future and other EI people Asia strategy and clarification Current view of Long/Short via category of segment (shipping, physical, facilities) I know you are on top of all of these items but Jeff and I want to run them down and get an update.
Thanks,
| LNG activities |
Rebecca, I would also like to bring Jeff Shankman with me to the board meeting.
He has never attended one.
It has been a long time since i have presented anything to board especially like this.
Would you please provide me a copy of the last couple of presentations so that I can be consistent and give them the right kind of information.
Thanks,
| August 14 board meeting |
Jeff, Let me know what you think.
Please make changes to make more accurate and effective.
I will send this to him and follow up with a discussion.
It needs some work.
m draft John, I have just had some additional discussions on our Global weather business and have come to a decision on how we need to run the weather business.
I believe that we do need 100% full time dedication from each and any employee that is dedicated to the weather business including in the overall development and execution of or global strategy and positions.
I have a great deal of confidence and am holding Mark Tawney responsible and accountable for extensive growth and profitability in the business.
We need to hire additional people to add to grow the business in Japan and Australia.
Joe and Paul are on board with this strategy and Mark will work with them to accomplish the hiring of people and needed resources.
This will not be talk but we will get these people in place by specific deadlines.
We will pay all of those people's expenses and they will be on board with the hiring and will be expected to be a valuable team player and resource to their group.
On the Norway front, we need to implement the same organization structure.
We have talked a lot about Thor and better communication, but we need to make a change.
We will have weekly calls with him and the weather group to make sure that we are all on the same page and he is up to speed with where we are going.
Jeff did have a video call with Thor to talk about his email and it went well.
Upon my return I learned that Thor and the London group put out a press release about putting out pricing on 1,000 cities and even changing the index.
Neither Mark or Jeff were even aware of this event nor was it even brought up in the call as something that was going to happen.
Also the hiring of xxxxxx as a weather originator, without any discussion, also illustrates the lack of communication or desire to work together.
I am not saying that Mark or Thor are totally to blame, they both deserve credit for not working together, but we are going to change the future and make sure that it will work better.
I know that all of Thor's group is very loyal to Thor and may not want to transition into EGM and if that is the case, we can make it work via London.
I think the key is our approach to Thor and that this isn't meant as a reflection on him but is a consistent change with how we are running all of our businesses around the world.
The weather piece of his business is very small and isn't going to effect his P&L significantly (he'll actually be net positive!)
Please give me a call and we will discuss the issues surrounding this new structure and the best way to communicate it to those involved to make this the most effective.
This email is going just to you and Jeff and won't be shared with anyone else.
mike
| Weather organization |
All, At our offsite in Miami next week, each of you are on the agenda to present your business and goals.
This will be very short, only 20 minutes (an agenda will soon follow but we will have a business meeting from 8am - 11:30am on Saturday).
Please prepare a few of pages on power point and submit to Cathy Phillips so that she can have all the presentations ready for that Saturday morning.
Attached below is a copy of the abbreviated goals that I submitted to Frevert, summarizing EGM's 2001 goals.
Please do not hesitate to change the list and add to it, it is only a guide and was used as a quick reference of EGM for the Enron board.
After this meeting, I will take each of your presentations and make a more comprehensive goals and objectives list for EGM as a business unit.
Also please add some of your other specific goals that illustrate where you want to be by year end regarding your competitive position and/or market share.
For example, to be the largest marketer of coal in the US, to be the largest options player in crude and products, or what ever is appropriate.
Also attached, for your information, is a recent presentation from the coal group.
We thought that this was an excellent format and review.
In the upcoming weeks, we would like to see an update on each of your businesses as well.
I will let you know more in the next few weeks about the timing and format.
Thanks,
| Offsite and 2001 goals |
Jeff, here is Gary's review.
It is still on the wrong template and I'll correct today.
Please review carefully and make changes and return.
tx m
| GH review |
Jeff, attached is Georges review for tomorrow.
Please review thoroghly, add and make changes and be sure to check for errors.
There is no spell check on the PEP system.
Please review and attache the document and return for signature.
thanks,
| George's review |
Jeff, My brother had this guy call him and he forwarded his resume.
Do you know him?
Any interest?
If you do, please forward on.
Thanks,
| resume of former Duke collegue |
All, After filling out and gathering all the feedback forms in the last couple of weeks, Jeff and I just realized that we forgot to ask everyone for an accomplishment list from each of you.
We have had a very successful 2001 so far and we need to be able to discuss each group and your personal mid-year in detail.
Please send us an email with your accomplishments so that we have all the facts during the PRC process.
This doesn't need to be formal but simply put together and email to both of us for the appropriate time.
Thanks,
| upcoming PRC |
Per, Today, I submitted a brief summary of each groups 2001 goals.
I wasn't able to talk to you before putting these out but they were fine for step one.
Please review and make any changes you wish to them.
I also need you to add as many specifics as possible.
For example number of transactions, $ amounts, etc.
Please read and make the changes on this email and return to me asap.
Keep your goals to no more than 5.
Global Risk Markets ?
Create $38 million in gross margin and $26 million in EBIT ?
Complete and market and execute transactions in three primary technologies: double trigger, upstream term-working interest and power price risk Thanks,
| 2001 goals |
Mark, Listed below are the goals i initially submitted for your group for 2001.
= =20 Please take a moment and review, change and add details to make it more=20 clear.
These worked for step 1 but i now need more detail - e.g.
describe= =20 your long term transactions again.
Please amend on this email below and=20 return asap.
Weather ?
Create $38 million in gross margin and $24 million in EBIT ?
Implement a fully integrated global front to back weather system=20 ?
Lever Enron=01,s scope and scale to create a true global group that can= =20 capitalize on opportunities around the world to executive global arbs and= =20 global meteorological opportunities ?
Originate 3 additional SMUD (dual trigger) like transactions; 1 structure= d=20 tax related transaction and at least 1 new structured financial transaction Thanks,
| 2001 goals |
Gary, Listed below are the goals that i sent in for your financial trading group.= =20 please review and make changes on this email as you wish.
Also please add= =20 details to each dot point that would make it measurable and successful for= =20 2001.
Please take a few minutes and make changes and return asap.
Financial Trading ?
Create $110 million in gross margin and $80 million in EBIT ?
Expand Enron=01,s successful equity trading group into other areas that c= an=20 take advantage of Enron=01,s network and competitive advantages in existing= =20 businesses ?
Establish agriculture origination and trading business (starting with=20 coffee, sugar, cocoa) ?
Establish equity trading group in London and a smaller group in Tokyo Thanks,
| 2001 goals |
Eric, I came up with a few goals and objectives for each group within EGM.
These= =20 are what i came up with for LNG and which included some information from Ri= ck.
Please review and add (and change the language) as you believe better=20 represents your business.
Also I need additional specifics where possible.
LNG ?
Create $60 million in gross margin and $50 million in EBIT ?
Create a portfolio of positions including supply sources, shipping and=20 markets to open and generate a new markets for LNG globally that can maximi= ze=20 and take advantage of the highest net backs ?
Develop an online market for LNG on EnronOnline ?
Close and deliver spot transactions around the world that illustrates Enr= on=01, s ability to change the industry=20 ?
Close Project Jose; successfully manage the supply and shipping positions= =20 around Dabhol=20 Please amend on this email and return asap.
thanks,
| 2001 goals |
Greg, I received request for our goals on a voicemail while coming back from Venezuela.
I didn't know exactly what you were looking for or the audience but i have listed a few initial goals and thoughts for each business unit.
We are in the process of creating more specific goals for each group for 2001.
Each already has their own but they are not in a final and consistent format.
We have an off-site meeting later this month in which we will address this as a group.
In addition, George and the coal group completed theirs late last week and Mark Tawney is returning tomorrow with re-defined goals as part of the process.
Also, I have attached some new global formats that I received as I was leaving the country on some specific items that we need to insure a successful year.
Most of this information has never been put together before.
I have projected out a 50% growth factor as a starting point and will break this down to specific groups and goals to insure that we will meet these goals.
As you know a lot of this was started when I put together the EGM presentation and gathered information for the analyst meeting.
Let me know if you need something else or if this is not what you are looking for.
Mike
| EGM - 2001 goals |
Jeff attached are the first drafts of the following reviews.
Please review and make changes on the document itself.
This is not in any final form and will have numerous errors.
Please make corrections as you go along as well.
There is no spell check on this form.
Gary and George are tomorrow morning.
Mike
| reviews |
Please distribute the following message to all of Enron Wholesale Services= =20 this evening.
Please use the Enron Global Markets - Office of the Chairman= =20 letterhead.
Please send a copy of the message to Cathy Phillips (X-36898)= =20 for review prior to the message being distributed.
Thank you.
Enron Global Markets ended the year with a great deal of momentum and with= =20 very high expectations for 2001.
In order to better focus and expand the= =20 various businesses within Global Markets, we are pleased to announce the=20 following organizational changes.
Crude and Products This group is being re-organized into product lines in order to better focu= s=20 and maximize coverage and increase our market-making abilities.
The=20 following individuals leading these groups report directly to John Nowlan.
Global Crude Oil Don Schroeder and Bill White will manage our global crude oil books.
Don= =01,s=20 emphasis will be on the development and expansion of our physical crude=20 positions both domestically and abroad.
Bill will manage the various=20 financial crude positions globally and will focus on developing these books= .
Distillate Chris Mahoney will have responsibility of all distillate positions.
Chris= =20 will focus on developing our global distillate strategy, building the=20 business both physically and financially.
Global Fuel Oil Niamh Clarke will expand her role managing our global fuel oil and resid=20 positions.
Emphasis will be placed on re-establishing Enron in the financi= al=20 fuel market in the US and developing a physical fuel strategy.
Global Gasoline and Components Jim Goughary will assume responsibility for our global gasoline and=20 components business.
Following up on our expansion into the European marke= t=20 in 2000, we look forward to Jim expanding our presence in the US as well as= =20 Asian Markets.
Global LPG Erik Hansen and Adam Gross will be responsible for the development and=20 execution of our global LPG trading and strategy.
Under their guidance we= =20 look to expand our presence into the Asian Pacific markets, as well as=20 continuing to grow our US and European operations.
Petrochemical and Plastics Stuart Bland and Douglas Friedman will be responsible for the continued=20 development and growth of our petrochemical and plastics business.
They wi= ll=20 work to further expand both our physical and financial presence in these=20 markets.
Fuel Management Doug Leach will continue in his role developing our fuel management busines= s=20 as well as other long-term structural transactions.=20 Global Origination Randy Maffett has joined the group to lead, develop and grow all global=20 origination activities for the group.
Randy=01,s most recent assignment wa= s in=20 restructuring several equity investments for ENA.
=20 Enron Freight This new group under the leadership of Dan Reck is developing a business in= =20 the inter-modal transportation area in the United States.
Shawn Cumberland= =20 has joined this group to lead and expand the origination opportunities in= =20 this business.
Shawn=01,s most recent assignment was as COO of the CALME r= egion.
Global Risk Management Jere Overdyke has elected to leave Enron after almost 10 years of service.
= =20 Per Sekse will take over the leadership of this very exciting and growing= =20 business.
Per is located in Enron=01,s New York office but will be spendin= g a=20 significant amount of his time in Houston.
We look forward to this year and feel the above changes will provide the=20 focus and momentum we need to deliver a record performance in 2001.
Please congratulate everyone on their new assignments.
| Organizational Announcement |
Jeff and John, Attached is the most recent draft of the reorg announcement.
Cathy will have this ready to go out tomorrow, close of business.
Please review again and mark up any changes that you believe are required.
Please read the Per and Randy section carefully for errors and wording.
JN, Please change wording for Randy's most recent assignment, i put something down as a marker.
Also come up with a 1 sentence lead for Randy on the expected growth and opportunities around his efforts.
Please read carefully for better wording and errors.
Return to Cathy by 2 pm and we will make final changes and send it out at 6pm.
Thanks,
| Reorg draft |
John, This is a follow-up to our earlier discussion.
I would like to have you lay out our physical crude needs to become a player a long with some action steps to accomplish the goal.
I don't want to forget about this because I believe it may be something we need to assign someone or a mid-market or originator or team to accomplish.
I would like to see foreign and domestic.
I see this as one of our possible competitive advantages or at least to solve the problem of not being in the know and getting second hand info or pricing.
Thanks,
| Crude - Physical |
Paul, I am in the early stages of planning my next run to Singapore and Sydney.
I was thinking about bringing my wife and staying over a couple of days (or a week).
What is the weather like in July and are you going to be there?
Thanks,
| Trip to Sydney |
Paul, FYI, you were invited to our off-site because we felt that our businesses were so linked together and that we could all get on the same page with regard to updates, vision and relationship building.
We also invited Joe and Thor as the only other non-EGM people.
If you can make it would be great but we do know how difficult it is to make it over.
I did hear your California request and it could happen.
We haven't found the right place yet.
California is experiencing serious blackouts and it could be difficult.
We'll be in touch.
Cheers,
| EGM offsite |
Joe, FYI, you were invited to our off-site because we felt that our businesses were so linked together and that we could all get on the same page with regard to updates, vision and relationship building.
We also invited Paul and Thor as the only other non-EGM people.
If you can make it would be great but we do know how difficult it is to make it over.
Cheers,
| EGM offsite |
Jeff, here is the intial draft.
Please leave as a word document and make any changes and additions that you think necessary.
I haven't even changed the wording after I first put it down.
Mike
| draft org memo |
The Enron Global Markets - Office of the Chairman has scheduled an off-site planning session for February 23-25, 2001.
(Please disregard any previous date information you may have received.)
It is very important that each person on the distribution list of this message mark their calendar now and make every effort to attend the off-site session.
The information for the off-site meeting is as follows: Date/Time: Friday, February 23rd through Sunday, February 25th Location: The Delano Hotel Miami Beach, Florida Arrangements have been made for hotel reservations for each person.
However, each attendee is responsible for their own flight arrangements.
Flight suggestions and more detailed off-site information will be forwarded as soon as it has been finalized.
In order to provide an accurate head-count to the hotel, it is important that you confirm your attendance today (Friday) by contacting Jennifer Burns at X-39440 or jennifer.burns@enron.com by 2:00 p.m.
If you have any questions, please feel free to contact Jennifer or Cathy Phillips at X-36898.
We look forward to seeing you at the off-site.
Thank you.
| IMPORTANT NOTICE |
John, Here is a brief email on a possible resolution for the European/Oslo weather situation.
Mark sent this draft to me last weekend but i haven't had time to review it this week.
Personally, I think that this is the wrong answer from a Corporate perspective but this issue keeps hanging around and isn't worth any more of our time.
For what it is worth, I think our communication strategy did make a big difference but didn't get us exactly where we needed to be.
These groups will be expected (and held accountable) for good and consistent communication on an ongoing basis as well.
For a P&L that is this small (and negative) we are all spending too much time on this.
There is more to this story but I think we should just drop it and move on to bigger and better things.
I am certainly not wedded to any of this but would rather focus on all the other issues and problems on my plate.
Let's discuss upon your return on our weekly call.
Thanks and I hope your vacation was relaxing.
Mike ps-this hasn't been shared outside the group on the email.
| European Weather |
All, I am developing the presentation for the upcoming January analyst meeting.
EGM will be featured.
The presentation is being compiled, and everyone has provided input on the overall EGM presentation, but i am also developing my speaking and emphasis points.
With that in mind, please send me a return email with a few dot points that you want me to be sure an emphasize regarding your business.
I have given a few specific areas below but if you have any other general items please don't hesitate to add them.
Key customer benefits Enron competitive advantages Key growth areas Deal example(s) Thanks,
| Upcoming analyst meeting |
Jeff, Below is an email from John.
Please let me know how to respond.
I know yo= u=20 guys talked about this.
Thor was in the loop here wasn't he?
I know we to= ok=20 out the Thor reporting piece but in reality they do report up through him.
= =20 How many people do we expect in London?
John and I did talk about this and= I=20 didn't really think of it lately.
Mike
| Organizational Announcement - revised comments |
Joe, I have been reading about ePower and potentially building sites.
I know you are clarifying it's activities but until then, I have instructed my guys to respond to ePower when they call and to discuss events (e.g.
: possible LNG re-gas plans for ePower) but to make sure and discuss all activities with you as well.
Let me know if you want something different or want me to email other instructions.
Thanks,
| E Power |
Mark, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses.
This is a presentation that will become a "living" document to communicate our businesses and growth.
I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version.
Please don't hesitate to call me if you have any questions or comments.
Mike
| EGM business presentation |
Steve, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses.
This is a presentation that will become a "living" document to communicate our businesses and growth.
I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version.
Please don't hesitate to call me if you have any questions or comments.
Mike
| EGM business presentation |
Ken and Kevin, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses.
This is a presentation that will become a "living" document to communicate our businesses and growth.
I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version.
With all of your history on these businesses, I thought you might be interested in our approach and description.
Please don't hesitate to call me if you have any questions or comments.
Mike
| EGM business presentation |
All, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses.
This is a presentation that will become a "living" document to communicate our businesses and growth.
I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version.
Please don't hesitate to call me if you have any questions or comments.
Mike
| EGM business presentation |
John and Michael, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses.
This is a presentation that will become a "living" document to communicate our businesses and growth.
I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version.
Please don't hesitate to call me if you have any questions or comments.
Mike
| EGM business presentation |
Guys, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses.
This is a presentation that will become a "living" document to communicate our businesses and growth.
I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version.
Please don't hesitate to call me if you have any questions or comments.
Mike
| EGM business presentation |
Rebecca,, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses.
This is a presentation that will become a "living" document to communicate our businesses and growth.
I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version.
Please don't hesitate to call me if you have any questions or comments.
Mike
| EGM business presentation |
All, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses.
This is a presentation that will become a "living" document to communicate our businesses and growth.
I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version.
Please don't hesitate to call me if you have any questions or comments.
Mike
| EGM business presentation |
Brent, I would like to illustrate the growth of our commodities to show why this a great business unit and why this is a big focus for wholesale.
Also we will use all of this for the Jan analyst meeting.
Please compile some facts on each business by 1. number of transactions 2. revenues 3. on line growth of each 4. size of each commodity; e.g.
: number of barrels traded, tons of coal, tons of freight, etc.
5. other metrics that you think will illustrate the point Go back as many years as you can get data.
Thanks,
| EGM growth |
Jeff, attached is an expanded 1st draft of the memo.
I would like to keep this expanded format to show the progress that we have made in the group.
Please make any changes and send back for the next round.
After we both look at it 1 more time, we will circulate to the heads of the group for commentary.
I would like to have them feel part of the memo.
Mike
| reorg draft |
Guys, I had an interview with a reporter from the Economist yesterday.
He is doing a big story on business changes, online changes, Jeff Skilling and Enron.
Coal came up a lot and i described my enthusiasm for our coal business and our growth.
He wants to put some focus on the coal business and i need some facts to get back to him.
What percentage of our coal transactions or business is online?
Speed changes on a typical transaction post and pre online?
Other changes you see or products to develop International effects Total coal moved (physical and financial) especially online Other competing exchanges and why ours is better Other proEnron facts that illustrate our growing business especially as it relates to paradigm changes or online changes Please feed me this info and if there is something specific that you don't want me to say let me know that too but go ahead and give me the answer.
I need this information pretty quickly.
Thanks,
| Coal information |
Jeff, here is the 2001 plan.
Sorry, I did send it to Dave D. , John S. and you but I must have blown your address somehow.
Dave and John got theirs.
Mike
| EGM 2001 plan |
Pelt, Howdy from Houston.
I hope you had a great Thanksgiving.
I took the week off and it was what i needed.
I have been working at a hectic pace and was on my annual sick rotation, although a little earlier than normal.
I needed the break.
My international traveling is over for the year, thank God.
| Spring break |
Mark, FYI, here is the latest update on our Q4.
We are making headway and the list shows how we intend to make up the short fall.
As I stated on my voicemail yesterday, upon our return from the holiday, I will be even more proactively managing the Q4 P&L.
Have a great holiday.
mike
| 4th Quarter Outlook - 11/17 |
All, Below is a resume of Manuel.
I met with him and has a good background and is a superior performer.
He is willing to locate from Manilla and would go to Sydney and Tokyo.
Interesting origination oppt.
Mike List
| Thank You |
Jeff, FYI, good summary email.
As we get bids for Project Jose, we should keep him informed but move forward with getting the competitive bids.
mike
| EECC'S ROLE AND MISSION |
As mentioned in my previous message, the attached file is the last presentation of the three that I attempted to send to you previously.
If you have any problems opening the file, please notify me and we will send you the hard copies immediately.
Thank you.
| Presentation - Final |
Please read the following message from Kathie Grabstald and Michelle Vitrella in Public Relations.
The Weekly Electronic Newsletter is a project that Mark Frevert requested and it is important that Enron Global Markets be responsive when we are asked for information from our business units.
Please pass along to Kathie and Michelle the name of a contact person in your group that will be responsible for providing updates for the weekly newsletter.
Kathie has assured me that the person providing the information is not required to do the actual writing, but provide bullet points which she will then prepare in paragraph form.
Michelle will send a reminder message to the contact person when the updates are needed.
Thank you for your assistance with this project.
| Electronic Newsletter |
John, I previously asked you to quantify the global size of your business (in Billions) and you sent me a voice mail on it.
I have misplaced that note and don't remember the global size for the presentation.
Please re-provide as a return email.
Sorry for the inconvenience.
Mike
| Crude and product market size |
Gary, I never received your 1 page description of your business to include into the EGM presentation.
Please draft and send me an email with your description of your businesses.
Attached below is the first draft of the overall presentation to use as a guide.
Thanks,
| EGM presentation |
Eric, I was examining EGM's businesses for 2001 and I wanted to ask you a question about your specific business.
As you examine your goals and objectives, I would like to know what you think I could do to help you accomplish your plan.
Please send me a return email with 3 specific items that I could do personally to add to your business.
Thanks,
| 2001 business |
Christine, I so rarely write love notes.
17 years ago it was common place, even a daily event.
What happened to that guy?
I could have been a cartoonist in another life.
I am here at 35,000 feet 2,000 miles from Bankock Thailand, flying by China, soon to be over the Philippines and pondering our lives.
You said something very interesting to me on the phone as I was getting on the bus to the airport.
You said that you would love to have 6 hours on the airplane by yourself.
I can certainly understand that.
I seem to have a l lot of that on this trip.
I am sitting here on the plane, a little tipsy after a couple glasses of wine, and my mind turns to you and the kids.
I wish I could be there now to see the kids all dressed up in their costumes ready to go out trick or treating.
I bet they look great.
As i sit here and feel a little sorry for myself then i come back to reality and realize just how lucky we really are.
I turned to Ken Rice at the ceremony yesterday and said, "What is an Okie and a boy from Nebraska doing at a Japanese barrel ceremony with Thomas Foley, former Speaker of the House, breaking a barrel of saki in front of 300 Japanese executives and TV.
The Prime Minister of Japan didn't show up and actually it is expected that he is out of a job on a no confidence vote last night.
(Really bad luck for Enron here) I would have liked to have met him.
Actually, the ceremony was neat and I imagine that they will have some funny pictures from it.
You should see me in a Happy coat.
I'll explain when i get home.
Can you imagine sitting in our home, right after Michael was born and even imagining what are lives are like today?
We are so blessed.
Even more than that, I am so blessed to have you.
I was writing in my journal on the trip over, you know my journal - that project that I have dedicated a big part of my life to and that you have never read, reflecting on our lives and wondering why God let me find you so many years ago.
I must have been a priest in a former life.
Anyway, I just wanted to say I love you and there aren't any phones on this airplane.
Thai Airlines, go figure.
So I am calling you via email.
Although I am not sure when I will get the opportunity to actually send this over the internet.
I love you and miss you very much.
Eternally, Michael See you soon and in time for soccer.
xxxxxooooo
| my darling |
Cindy, I have a friend that is a principal in a company called Nexstar.
The company is on a roll and offers an interesting product.
I have attached his email and basic presentation but I thought it was interesting enough to bring it up to you.
Also he is a friend and I don't want to ignore him.
Do we do anything like this with our employees?
I would really appreciate some feedback on this.
Unless you think it is a total waist of time, I would appreciate you and some other appropriate members of your HR team to attend 1 intro.
meeting to listen to their pitch.
I would of course attend as well if you like.
They have an impressive customer list already.
Let me know what you think and I'll help co-ordinate the meeting.
Thanks,
| Nexstar Mortgage Program |
Vance, I've been attempting to call you .
Your voicemail is full and my return voicemail keeps getting rejected.
I suggest you clear out some room.
I would be happy to change my schedule and meet either at 12 or 12:30.
I don't really want an hour with him but will do what you need.
mike
| Economist |
CP, Howdy from Tokyo.
Please add this to my calendar and send a fax with all of my new commitments and parties to chris via home fax.
thanks,
| Save the Date! |
Jeff, Sorry for the slow response.
I don't have a strong opinion either way.
I am fine with the combo idea.
In the future, please let me know if something has a short fuse.
I am still slower on email but I do respond very quickly to voicemail.
I am almost caught up on back log emails but this will probably never by my first and best way to communcate.
| EE&CC |
Jeff, Let me know what you think of this guy.
Wade Cline and Tim Det.
are both high on him.
Jeff Donahue is not so sure but will meet with him on Friday.
During my lunch with Jeff, we discussed that we need a Corp. Dev guy dedicated to us full time but if he reported to him, that would be great.
I think we could use that co-ordination with his group as long as we didn't get a part time guy in the process.
He could also report to us obviously (like Larry) but i think in this case a dual role makes a lot of sense.
What do you think?
If you like Don, he could be an immediate candidate to start doing our Corp Dev work, but that is of course not the best reason.
I thought he was all right and he did have a good understanding of our products and is an innovative thinker.
He has also worked as a trader and although it doesn't seem possible by his personality, having some background is a plus.
Mike
| D Parsons |
Guys, Attached below is a presentation that I put together for M Frevert for the latest analyst presentation.
We kept it to only a few businesses - they didn't end up using any of it.
I do however want to have an EGM presentation that everyone can use.
Please prepare a section on each of your businesses and return via email or hard copy.
Don't worry about power point, simply the dot points that you want on the page.
Thanks,
| presentation |
George, Attached for your review and commentary is a copy of a first draft of a presentation that i am creating on EGM.
This is for an upcoming analyst presentation and for our ongoing use.
Please review and make any comments you feel are needed.
Especially focus on coal which is on page 5.
Please take a quick look and return your initial comments quickly.
I need to get out a new and better draft ASAP.
Also, how do we illustrate your business graphically.
Please decide, fill in and I'll have our graphics guy make it look pretty.
Thanks,
| presentation |
Rick, Attached for your information and input is a copy of a presentation I am putting together for EGM.
I would appreciate your comments on the presentation but especially need your input on your section.
The LNG page is on page 6 and needs some work.
there is also a typo.
On the graph, we need to find a way to illustrate our business graphically, what do you think?
I would appreciate a quick turnaround of your initial changes.
After we complete this first draft, this will be a continuous work in progress.
Thanks,
| presentation |
Jay, Attached for your review and commentary is a copy of the draft review I prepared for Steve.
I would appreciate your views and please make changes you feel are necessary and appropriate.
It is set up for Thursday morning at 9 am.
I could use your help.
What do you think?
mike
| Steve Horn |
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