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Mark, Attached is the information you requested for your presentation to the analysts. I didn't know exactly what you were looking for, so I listed out a lengthy laundry list of facts and philosophies for each group for you to pick and choose what information and style that you wanted. I didn't attempt to put this in a final set of dot points. I realize that this is a lot more than what you wanted but I didn't know your other pieces or what was needed to be consistent with the other sections of the presentation. I hope this is what you were looking for and i apologize for the delay. If you want anything else or more specific types of other information, please let me know via email or preferably via voicemail in Houston. I'll be Singapore until Wed. evening when I arrive in Toyko. I am 13 hours ahead of Houston time. Thanks and have a good trip. Let me know if you want me to look at a draft copy. Mike PS; good luck with Eric "boy do i want to be in LNG" Gonzelas
EGM information
Jeff, I don't know if you got this. What do you think? Interesting background and info for Net Works or our moving into the Chemical business. mike
Opportunity
George, I would like to have a brief (30 minute) meeting about the noise in the political system about synfuel and reaffirm Jordon's viewpoint on Section 29 credits. This is big issue and without this reaffirmation I believe we will have approval issues with RAC and others. I want Jeff and/or I in the meeting. Thanks,
Synfuel
Thank you all for signing up to be Team Leaders for our JDF Campaign this year. The first Enron JDF/Team Leader Luncheon is today, Wednesday, September 13th, at 11:30 a.m. at the Met. This will be a very important and informative session and I hope that everyone will attend. I look forward to seeing you at the luncheon. ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ My sincerest thanks to all of you that were able to attend the JDF Kick-off
REMINDER - First JDF Team Leaders Luncheon
Can you please arrange for this message to be sent to all of Enron - Houston this evening. It should have Mike McConnell's letterhead and we would like an opportunity to preview the final message before it goes out. Please contact me at X-36898 if you have any questions. Thanks. Cathy Phillips It is my sincere honor to once again lead the Enron team in this year's Juvenile Diabetes Foundation (JDF) walk scheduled to take place on Sunday, November 5, 2000, at the Sam Houston Race Park. I continue to serve on the board of JDF representing Enron and will be Enron's corporate executive for this year's fundraising efforts. As many of you may already know, I am an insulin dependent diabetic myself. Even though I know how difficult this disease can be to manage with the multiple finger pricks for blood samples and several shots each day, I cannot imagine how difficult it is for a small child with this disease. Taking insulin does not cure the disease nor prevent the development of complications; insulin is simply their life support system and without it they would die. Enron continues to be a major corporate sponsor for JDF again this year. JDF is a very efficient organization in which approximately 84% of all money raised goes directly to research. Enron's goal this year is to raise $225,000 and we need your help. Enron has been the number 1 walk team for 5 years in a row and we are not ready to give up first place! We need team leaders, walkers and volunteers to help us reach our goal. The theme for the walk this year is "Knock Out Diabetes" and we would like to have you join us for this great event. The Walk is truly a blast and we had about 500 Enron people participate last year and everyone enjoyed it. If you are interested in volunteering to be a walker or a team leader, or if you would like to make a pledge, you may call any of the steering committee members listed below. If you are interested in being a team leader, please contact one of the following people immediately so that you may be included in the first important and informative training session taking place this week. Thank you very much for your support.
Juvenile Diabetes Foundation Fundraising
My sincerest thanks to all of you that were able to attend the JDF Kick-off Luncheon on September 6th. It was a great event and a wonderful opportunity for those of you not familiar with JDF to find out what the JDF Walk is all about. For those of you that were not able to join us, we missed you and we look forward to having you join us for our future sessions. The Enron/JDF Team Leaders Kick-off Luncheon will take place on Wednesday, September 13th, at the Houston Metropolitan Racquet Club (The Met) beginning at 11:30 a.m. I would like to encourage each of you to mark your calendar and make plans to attend this very important luncheon meeting. At this kick-off meeting we will be distributing supplies and gift bags, reviewing important details about our campaign, learning more about JDF, and discussing our fundraising goal for this year's campaign. Enron has been the number 1 walk team in Houston for 5 years in a row and we plan to continue in that position and we need your help to make it happen! Please take just a moment to RSVP your attendance via e-mail to Rachel Feldt on the Corporate Lotus Notes directory or to rachel.feldt@enron.com. The Steering Committee members for this year's campaign are listed below. Please feel free to contact me or any Steering Committee member if you have any questions or if you have friends that you would like to sign up to help with our campaign. Steering Committee Members: Blanca Bollom X66091 Rachel Feldt X57629 Deb Gebhardt X39606 Cathy Phillips X36898 John Walt X35379 Debbie Yates X35305 I look forward to seeing all of you at the luncheon on Wednesday. Thanks!
JDF - First Team Leaders Luncheon
CP, Attached is the latest draft copy of the memo. Each group has had an opportunity to comment and it has been amended several times. I would like you to take a look at it and add your comments and changes. You are always the key to a good memo and your changes are vital to making this a first rate memo. Also Freight is in blue and i don't know how to take it back to normal. I would like this out on Tuesday evening. After i get your version back, go ahead and make your changes directly on the memo. Please send to Jeff for final review and one more pass thru the business units on Monday. Thanks,
org memo draft
Marty, I just read the email. Congrats, it sounds like a great opportunity, I like the structure. You'll do great and if there is anything that I can do to help, don't hesitate to contact me. mike
reorg
Our relocation to the new building is fast approaching and there are several important move related items that I would like to stress at this time. I would appreciate your cooperation with the key move issues that are outlined below: IMPORTANT - A special building tour has been scheduled for the EGM business unit heads receiving this message. Jeff and I, along with Bill Donovan, would like to invite you to join us for a tour on this Friday morning, June 8th, from 8:30 to 9:30 a.m. Even if you have already had an opportunity to visit the new building, we think this would be a great opportunity for all of us to see the space together and discuss any issues at that time. Please contact Cathy Phillips at X-36898 if you plan to attend the tour. New building floor plan modification requests will no longer be accepted. Any change requests that have already been received are currently being considered and will be conveyed to the appropriate business unit head. If vacant positions exist and they will be filled before the move on August 3rd, they need to be identified on all reports and floor plans with their name, NH (for new hire) and an approximate hire date. Example: Bob Smith NH 7/25 Any space/move related questions or issues that may arise should be addressed by Cathy Phillips. Please do not contact Susan Lopez for any space related issues. Jeff and I have asked Cathy and Jennifer Burns to be responsible for the allocation of space in the new building and they are keeping us well informed as to the progress and any issues as they arise. Jeff and I are very aware that space is very tight in the new building and we will be addressing growth and additional space needs and issues in the near future. A limited number of Turret phones will be available in the new building. The Turret phones will be assigned to traders and their assistants only. Everyone else on the floor will receive a new upgraded version of the Lucent phone (with the existing phone numbers). Please contact Jennifer Burns if you have any questions or issues related to phones. All private team rooms, offices and conference rooms have been assigned and there are no more available for assignment to the individual groups or people. On the 3rd floor we will have the following public conference space available by making reservations (specific scheduling details to follow later): 1 Mega conference room 1 Large conference room with videoconference capabilities 1 Large conference room - no videoconference 3 Team rooms File space on the floor is being upgraded and allocations of file space will be made for each group. Every attempt is being made to have the assigned file space as close to each individual group as possible. At this time, details related to food deliveries and distribution have not been resolved. Your patience and flexibility with all food related issues will be appreciated. It is highly probable that food service in the new building will be very difficult at first and as we get closer to the move date, more information will be provided related to food service, deliveries and distribution. Since Jeff and I both already keep Cathy and Jennifer very busy, we would appreciate it if you would send all your comments, questions, or issues to them via e-mail. They have agreed to make themselves available every Monday at 4:30 p.m. to meet with anyone to discuss their questions. Please make arrangements with them directly to meet regarding your issues. There will be a 60 day freeze on any building changes once we move into the new building. I understand that this is a difficult process and that there are a lot of questions and issues, but Jeff and I are convinced that this will be great and everything will work out in time. Thank you for your cooperation and assistance in making this transition to the new building as smooth as possible. Mike
Important Move Information
John, Attached is the latest draft for your review. I changed the format on your section and some of the wording. I was attempting to make this easier for some of your employees by the wording. Are you sure you want to separate out Doug F from Randy's group? I also added Doug L in there as well. Please check the wording and spelling of everyone's name carefully. Please make any changes on the attached word file and return. I'll cut and paste your new section in the master memo. Thanks,
org annoncement draft
Cathy, before I forget, would you please make a tee time of approx. 1pm for 4 people at the golf course at the Four Seasons under my name (friday). Also if you would set up massages for Brenda Jones and Chris at about the same time or later. I would really appreciate it. All can be a little later but cant be any earlier. We need to begin golf by 2pm to finish. thanks,
OU - tx
By now all of you should have received an invitation to the JDF 2000 Walk to Cure Diabetes Kick-Off Luncheon on Wednesday, September 6th, 11:30 a.m. - 1:00 p.m. at the Hyatt Regency Hotel. I would like to take this opportunity to personally invite and encourage each of you to attend and join me as we represent Enron at this important meeting. Our plan is to reserve several tables at the luncheon just for Enron. Whether you have received an invitation or not, I would like for each of you to make plans to join us at the luncheon. In order to reserve sufficient seats at the luncheon (and even if you have already made a reservation with the JDF office) please send a brief Lotus Notes message to Cathy Phillips or call her at X-36898 to let her know if we may plan on your attendance. I look forward to seeing you at the luncheon and working with you on the fun and exciting JDF campaign that we have planned for this year. Thank you. Mike McConnell
JDF Kick-Off Luncheon
John, Thanks for your outlines. Here are a couple of others that aren't kid related. The Choice is just 1 small piece but I love it. Actually, The Choice moved me so much, I sold my piece of the business (Excel) and returned to Enron - the rest is history. Enjoy, Mike PS - We are way to similar!
Other book summaries
Sally, Below is a draft of the official organization announcement that will address Brent and his team. I was unable to get this out earlier and am ready upon your review. Please examine the Brent section and make sure that it is correct and stated properly. Please send your comments back ASAP and I'll get this out. Thanks,
draft org announcement
Jeff, Attached is the first draft of the first organization announcement. Please add your changes, ideas and corrections and return to me. Once you have provide comments, I'll send to sally and Brent to make sure all of the that part is accurate. Also I have a call into Jere confirming the move on the Corp insurance piece. I didn't but in anything about Cindy Skinner, go ahead and add that as well. Please don't hesitate to make wording changes. I don't have any pride of authorship here. Thanks,
draft org announcement
Greg, Listed below is a brief outline of some of the key items that I turned over= =20 to McMahon. I didn't attempt to put down anything but a reference point bu= t=20 he has the files and we went through every point. We didn't spend a lot of= =20 time on the international activities because a great deal of it might not b= e=20 part of the group after project Summer. He attended my (his) Monday staff= =20 meeting and he got a flavor of the group and what everyone does. This is= =20 going to be primarily Philippe's meeting now but he is going to attend to= =20 provide needed commercial balance and if he does, I believe that is all the= =20 time he has to spend on that side of the business. I hope you are having a successful trip. Mike Outstanding and Priority Items International/other business unit activities ? Japan ? Korea ? S America ? Europe ? Calme ? EE&CC ? GPG ? India ? EES Staff Meetings ? Monday lunch ? Video calls - Tuesdays: Sao Paulo =01) 9:30, London =01) 10:00, Aust. = =01) 5:00 i2 ? Paveto/Wasaff HR ? Recruiting ? Robert Jones ? Compensation issues Investments ? Fitz/Sommer/Horn Infrastructure ? Windows 2000 ? Lotus notes/exchange ? Other projects Speaking commitments ? Aug 10th =01)A/A program ? Sept 21st =01) Economist =01) Laguna, CA ? Sept 26th =01) Rice Univ. ? Oct 3rd =01) Economist =01) Atlanta, GA Financial structure/accounting ? RCs and budgets ? Metrics/radar screens ? Shared resources Enron.com ? Paveto/Palmer Management/Strategic planning Project Summer IT project resource review PRC/reviews
Outstanding and priority items
Steve and D'Arcy, Here is the short version of the Net Works story that was presented to the analysts. Also please forward to Kish. Thanks,
Net Works Presentation
Jeff, Steve Horn is pushing for us to speak at this conference in Aspen. I told him that I am not available but it does look good and it is in a nice place - also the speakers are first rate. What do you think? If you are interested please let Steve know. I told him that I thought everyone was busy. Mike
Industry Standard's Net Returns speakers
Per, Attached is the first draft of an EGM update and org memo. Please take a few minutes and review, add what is necessary for your section and return ASAP. Other comments are welcome as well. I would like to get this at on Friday evening or early next week. Please do so on a hard copy and have brought up. I will incorporate your changes. Some of the changes in the memo are still under consideration and need to be considered extremely confidential. This needs a lot of work and filler. Also add a one line update or positive statement about your business as an intro line of the section. Thanks,
draft EGM update and org announcement
David, Attached for your information is an email from the CEO of Six Foot Studios. This guy is the brother-in- law of Robin Gibbs, one of the top litigators in the country. Robin and his firm is used a great deal in our key cases for Enron. This looks like a cool company but I have no idea if you have any interest in his company or it's products. I do, however, need someone to follow-up with him, even if it is a polite discussion that we don't have any interest. We need to respond in some manner. I forwarded this a while ago but he didn't hear anything. He is successfully getting in to companies in Houston and Compaq is a big supporter. I hope there is an opportunity here. Thanks,
6ft Interactive Presentations
Mark and David, David I got your latest comments this morning. I like them and added the correct Enron Net Works changes. I will send this to Greg and Jeff immediately to work on the ENW piece, I am sure they will add to it and change it. Thanks,
latest draft org memo
Steve, Sorry I missed you yesterday. There is a lot going on here and in S America and we can probably discuss it next week. I agree with your assessment of and the need to clarify roles and implement the business plan. We will address all but there are some things going on that make it appropriate to wait a little. If you have any questions you can address them with Joe but I would wait and keep moving forward on your daily business and projects. I like the plan and we will discuss my comments next week. Thanks,
voicemail
Mark and David, Below is my first stab at the organization memo. I didn't over focus on specific wording and I am not sure how you want to address the various groups that will be affected. I believe we need to address all of them by name and they should probably be in alpha order as to not upset anyone on the order. I also didn't know any other information that you may want to include with regard to the successes from the group year to date. Greg, Jeff and I are getting together for lunch tomorrow to discuss the New Works organization. I think that this should come from Enron's office of the Chairman vs. the business units because it does affect 2 different lines of business and it will have more impact and clarity for the other groups especially, my departure from Net Works. After you guys pretty this up (and destroy it) please send it back via email and i'll make sure and coordinate with Whalley. Thanks,
draft org. memo
Joe, Attached below is a draft of an EGM update and org announcement. It will be broad in scope and will address many areas. Please review and provide comments especially on the Japan part. I went ahead and took a stab at the first cut here and expect you to make all the changes and emphasis you feel is appropriate. We are a couple of weeks away from discussing every player (Morten Erik) that is why I left it very broad. Please take a moment, change and send back to me for examination and incorporation. I wanted to get this out on Friday, but may have to wait until early next week while i am on the road. Thanks,
draft EGM update and org announcement
Jay/Allan, FYI and evaluation, attached is a business plan from the CALME group. Please let me know what you think. They are trying to play ball and sent this to us. Also they are beginning to call me. I had planned to send this to you while I was out but it wouldn't go thru properly from San Francisco. Allan, please give her a call and let her know you received it and let her know your overall impression. By the way, Karen is David Haug's new fiancee. Thanks,
Tarifajusta - BPlan y Executive Summary
CP, check out my emails! As you can tell my trip wasn't all fun. I was obviously able to make the system work from the hotel - finally. I left a few emails from various speaking forums. Would you please follow-up on them and delete items that we dont need anymore. Thanks,
emails
Jeff, I discovered this on my email this morning (I couldn't sleep). I didn't know where you were on the numbers for the presentation but I thought I would forward this to you know. I hope you already had what you needed here since i am sure it is too late. Mike
EnronCredit.com Market Size Data
All, Attached is the first draft of an EGM update and org memo. Please take a few minutes and review, add what is necessary for your section and return ASAP. Other comments are welcome as well. I would like to get this at on Friday evening or early next week. Please do so on a hard copy and have brought up. I will incorporate your changes. Some of the changes in the memo are still under consideration and need to be considered extremely confidential. This needs a lot of work and filler. Also add a one line update or positive statement about your business as an intro line of the section. Thanks,
draft organization memo
Greg,=20 FYI, This is a draft org announcement to clarify Jay's and now Alan's role= . =20 We have discussed this before but I think this is important to send out and= =20 officially address. It is intentionally very brief and informs people of t= he=20 new situation. Please let me know if you have any comments, I would like = to=20 send out this week. Thanks,
Org. announcement
John, We have discussed i2 in the past but we need to take some action steps to make decisions and move forward. Here is what I want to see done in short order. Meeting with all key technologist on the full suite of products and functionality with complete demonstration by i2. I would especially want PB, JP, BP, HE, and JG from George's group. Follow-up meeting (after the technologists see functionality and form opinions and possible applications) with key commercial leaders: GP - P&P; TG - CommodityLogic; BG - Metals and steel; JF - New Markets and Investments; AS - New Markets and Bus Dev. During that meeting, we need to have some real players with i2 there to brainstorm and discuss business expansion opportunities in the specific verticals. It would be good to actually have this meeting in Dallas but I am concerned about attendance. i2 owns the process and supply/downstream management in these industries and we need to really look to see if our combination can accelerate our new efforts and solve any logistic issues. Put together an action plan. George's group has already put a presentation together about i2, the products and possible applications. George, please sent that to John. I would like that document to be our updated business plan for i2 to be used as a "living" document as we move forward. Assign someone to make and co-ordinate the use and full deployment of those products (utilize our $10 million spend). I want someone to have the responsibility for i2 and he or she can also work with EBS on what they are doing also. To be clear, we have spent the $10 million already but are not using the products. I want to deploy all (if possible) and make this investment fully utilized. I do understand that we don't drive businesses around a pre-purchased product but we should look at is as a sunk cost and rationalize why we shouldn't use if rather that simply considering it as an option. Jason Robert, (469) 357-6737, was at the dinner with Sanjiv, Greg Brady, Jeff and Greg and he knows some of the mutual objectives. He would be the guy to work with and set it all up. EBS should be involved as well. Rex Shelby is spending a lot of time with i2, weekly visits, and should also participate and use their products as well. Is there an application for all of EES and their business? Remember, Ken Lay is considering joining their board and we should be able to give him very clear insight on their products and how their company works. PB, if you want someone outside Pavetto's group to work on this that is fine but i want to understand the background and how they will make this happen. Thanks and please let me know your initial thoughts and timing. If you need to have me send out an email to make sure that everyone understands the priority, please draft up and I'll send out. Mike
i2
Gary, Below is some information that might be of assistance to you. I don't think that I sent this to you when I got it. If I did please ignore this. D'Arcy Carroll (works for us in S. America) came to us from Cargill and knows a lot of people there. He has a couple of names that I have passed on internally for consideration but I am sure they didn't go to the right place. On a recent trip to Sao Paulo, many of the ag products came up in meetings as good opportunities for Enron to go in and change that industry. Coffee, Orange Juice, grains and sugar were brought up a lot. D'Arcy may have traded an ag book for Cargill, I can't remember. Anyway, I am passing this message and names on to you for consideration. A phone call to D'Arcy might also be worth a few minutes of your time. He knows a lot about Cargill and has an opinion on how to capture their markets. Mike
ag traders
please set up a time for us to meet. meet only. please put him in front of some meeting so it cant go on to long. thanks, m
hello
Lisa, As i was pondering the meeting last night going home in my car, I realized that I forgot to talk about 2 people, including regulatory and your personal efforts. I apologize for that, it was unintentional and I hope you realize how important you and your efforts are to EGM and Enron. I could not read my notes very well due to the extremely heavy lighting - that didn't appear on my notes just on me. Thanks,
EGM meeting
Guy, FYI. Is anyone familiar with this? Mike is looking for some feedback. It looks very premature and not worth a lot of time but he may need us to talk with them to help him with his business down there. Any comments? Mike
Nodocero.com
FYI. I got this from mike late last week. Any comments? It looks very early in their development but Mike may want them to talk to a couple of people here about their site. We need to be helpful if it will help his business. Dan are you up to speed on this? If not please call him and get his viewpoint as well. Mike
Nodocero.com
I don't think you got a copy of this. mike Andrew, please make sure Jeff gets a copy of all of everything. He is the Office of the Chairman sponor of the vertical and will be managing this process with Greg Piper until launch. I stepped in while he was out of town on holiday.
Clickpaper Review
Rebecca, Philippe being the only other corp officer within the large technology organization has an enormous volume of contracts to sign. A large bulk of the signatures that are required come from two areas; Infrastructure and ENA. I would like to have 2 current Vice Presidents within the business units made corp VPs: Beth Pearlman and Jenny Rub. Can we make this happen and when would it occur? Thanks,
Corp. VPs
Mark, as discussed this morning. When does Cedric get back? I can go=20 through them in more detail but I thought these would help. mike
Analyst presentation comments
Cedric, =20 As a follow-up to our meeting, below are a few comments and ideas regardin= g=20 the Net Works piece of the analyst presentation. =20 I know I sent you a lot of data and presentations, here are a few pages in= =20 the various presentations that I think may be appropriate for the=20 presentation (or pieces of them) including:=20 ? Why Enron? ? Recent Enron eCommerce Experience ? Lessons Learned ? Business Strategy ? Target Market Criteria ? Enron Today/Enron Tomorrow Here are a couple of other thoughts and ideas. We need to emphasize our new businesses outside the energy business=20 (obvious). Clickpaper.com will be out and live just before the analyst=20 meetings. This is very exciting and could take the industry by storm=20 (eventually). Especially with Jeff=01,s comments with the analysts. This= =20 should be emphasized with the metals piece. The concept is that here are 2= =20 new areas where Enron is going to change the "old economy" businesses and= =20 industries. Clickpaper will have real time pricing which is different than= =20 all the other 15 existing sites. All of the others are charging 3% fees fo= r=20 matching buyers and sellers in a bulletin board or auction type of=20 transactions. We will also have that functionality (and will charge 1% or $= 0=20 (we=01,ll update you later) but will also have an EOL type of real time pri= cing=20 component (this piece will be free). This piece will not be ready for July= =20 25th but will be announced publicly and in final development stages (should= =20 be out by end of 3rd qtr.). I believe that the link with Net Works with bo= th=20 paper and metals is very important for providing a more complete picture th= an=20 just metals alone. Also for your information, we are working on 2=20 acquisition deals that will be coming out soon, 1 is to buy a mill and coul= d=20 be announced next week, which will also clarify and add to the story since = we=20 will have access to physical pulp and paper. Paper must be an important=20 piece of the presentation. Greg Piper is the MD for Clickpaper and he can= =20 answer any other questions and fill you in and answer more questions. He c= an=20 be reached at ext. 36635. Also, on the "Target Markets" page, I would reorder; put Lumber underneath= =20 pulp and paper and think about separating the others as potential markets. = =20 That way we could actually check off the top 3 as "done" and the others are= =20 in "incubation" and examination stages.=20 Please draft up your initial thoughts on these items and send me the latest= =20 version and I=01,ll add additional commentary. I will be in all next week. Thanks,
Analyst presentation comments
Please distribute the following message to Enron - Worldwide and please use the Office of the Chairman - Enron Net Works letterhead. Mike McConnell has requested that this message be returned for final review and then sent to Enron - Worldwide this evening. Please call me at X-36898 if you have any questions. Thank you. Cathy Phillips Effective immediately, reporting responsibility for Global Strategic Sourcing (GSS) will move from Enron Net Works to Enron Corp. George Wasaff, managing director, will report directly to Rick Causey, executive vice president and chief accounting officer for Enron. GSS, formed February 1, 2000, will continue to focus on supply-chain management world-wide for Enron. We believe this change in reporting will leverage and enhance GSS's global reach and effectiveness while allowing ENW to focus on its core mission of creating new electronic market places.
Organization Announcement
George, below is my first cut at the brief announcement. As we discussed i= t=20 may be combined with a Jay and Allan announcement but never the less it wil= l=20 go out friday evening. Please make recommendations and return as soon as possible for my review. Thanks,
org announcement
I hope some of these help. They are similar in nature but may have different pieces inlcuded in them. I recommend flipping through them quickly and eliminate extras or ones that you don't need. Call me if you need anything else. mike
presentations
Philippe, I don't really understand this guys question. I need to respond to him with something because I know his dad very well via JDF. Ross Cooley was Rod Canions #2 guy at compaq for years. Can you send me to the right person? Thanks,
Assistance appreciated..
Richard, Hello from South America. I am forwarding this email from John regarding the J-Block problems. Have you been involved in this? What are your thoughts? If you have any ideas or can provide with some help, please follow-up. This is confidential but i thought you could help. When he mentioned this, I really couldn't remember much. Amazing how the memory fades on some of the details in just a few years. Mike
J-Block
Attached for your reference and commentary is a first draft of a contact list to assist in communication of our key efforts globally. Please make any additions, changes (and/or corrections) that you believe are appropriate and return to my office for update and distribution. The goal is not to list out everyone working on a project or business but to include a couple of players if someone needs information about how this could apply to their business. Thanks,
eCommerce contact list
To: Chris Neptune, Chris, Hello from Houston. I really enjoyed meeting with you last Saturday at your gallery. Your collection of work is very impressive. I have not received your digital pictures that you were putting together but I did talk with my wife about the Bonnard. The Bonnard is my first choice of all the pieces we discussed. I found an illustration of it on the net (from another gallery) and she liked (although - not as much as me). I am prepared to purchase a Bonnard and the Radiator is my first choice. I would like to establish a relationship and do business with your gallery and would like to know what is your best price for the piece. I will not shop the price around and will make a quick decision with a credit card number. When I get your response and if it is competitive, I'll confirm the purchase when I pick up the email. Thanks,
Bonnard
Chris, Hello from Houston. I really enjoyed meeting with you last Saturday at your gallery. Your collection of work is very impressive. I have not received your digital pictures that you were putting together but I did talk with my wife about the Bonnard. The Bonnard is my first choice of all the pieces we discussed. I found an illustration of it on the net (from another gallery) and she liked (although - not as much as me). I am prepared to purchase a Bonnard and the Radiator is my first choice. I would like to establish a relationship and do business with your gallery and would like to know what is your best price for the piece. I will not shop the price around and will make a quick decision with a credit card number. When I get your response and if it is competitive, I'll confirm the purchase when I pick up the email. Thanks,
Bonnard
Jeff, FYI. This is an excellent email and one that addresses all the issues we need to make decisions on. Lets discuss because I have some views but am very open to others especially when I don't really know (first hand) what oppts really look like there. We need to address quickly. Mike
Tokyo opportunities
Brad, I talked with Keith friday afternoon about the TCO map. After 1:00pm friday, their server went down, and they couldn't access any of the files or save the changes to the Map. He told me that if all goes well Monday morning, we can see a map a little after noon. I will work with him Monday morning to make sure I can have it for you asap. Right now the map includes current day and yesterday's information for the relevant market delivery zones. During next week, I will add interconnects to the map as well a storage fields to present a complete picture. Thanks,
Update on TCO map
Tiff/Brad, Heidi just told me yesterday about the tests that you (Tiff) have been undergoing. I am sorry you have to endure this. I had no idea that you were having any problems! Ever since you initially had seizures I have prayed for your health and, having heard nothing different, thought that you were doing fine. I pray that they will be albe to find out what is causing your problem, that it might be corrected. Suffering is never fun (and you could tell me far about it than I can tell you). However, Psalm 3:3 couldn't be clearer -"You, O Lord, are a shield for me, my glory, and the One who lifts up my head." While I pray that your problem is both diagnosable and correctable, we must remember that our strength (and our hope) lies not in proper diagnosis but in Him who transcends both the miseries and the pleasures of this world. Thus wrote Paul, "He gave Himself for us, that whether we wake or sleep we might live unto Him." (2 Thess. 5:10) I am praying for you too Brad; praying for your strength. We look forward to seeing you both. Rusty Join the world's largest e-mail service with MSN Hotmail. Click Here
Just wanted you both to know that we are...
I think this is the current e-mail list for all the members of POCCC. If you know what you are doing, you (or your secretary, Glen) can capture it in your address book. Have a great Christmas holiday and see you at POCCC on New Years. John R. Wallace Bacon & Wallace, L.L.P. 600 Jefferson, Suite 780 Houston, Texas 77002-7395 (713)739-1060 (713)739-0401 FXjwallace@baconwallace.com
Updated e-mail list - POCCC
Due to the holiday, on Friday, December 21 traders will have to use a Custom strip to trade Power deliverable on Wednesday, December 26. These Custom strips will be used to calculate a separate set of Power Indices which will be published on Friday afternoon along with our regular Daily Power Indices. ! ! Please call our Help Desk at 770 738 2101 or a member of our Power Sales Team with any questions. !
Power Indices for December 26
=09 =09 Dear brad, I'm Washington Bureau Chief Peter Cook filling in f= or Jay Rickerts. Just a reminder - On Friday, Houston Correspondent Kim B= enestante is live in Cairo, Egypt covering the OPEC meeting. Join us tomor= row as Kim brings us the latest on possible oil production cuts beginning i= n January. We'll also have more reaction from here in Washington to th= e OPEC meeting. American Petroleum Institute Chief Economist John Felmy, P= h.D., will share his thoughts on the cartel's moves and what they might mea= n for the U.S. Also during the 12:00 p.m. ET newscast, The Petroleum Finan= ce Company Senior Market Analyst George Beranek will give us his assessment= of the market if OPEC follows through with a production cut. The Federal= Energy Regulatory Commission has had a very busy year - from the Californi= a crisis to the crisis at Enron, the Commission has had a full docket. On = Friday during the 10:00 a.m. ET newscast, we'll hear what former FERC Chair= man James Hoecker thinks about the past year at the FERC and what issues ma= y surface during the New Year. As the year draws to a close, the Houston = bureau will take a look back at one of the biggest energy stories - the col= lapse of the energy giant, Enron. Houston Bureau Chief Myra Jolivet says o= n Friday, the Houston bureau will review the timetable of Enron's demise, t= he effects of its bankruptcy filing, layoffs and the company's downgraded c= redit rating. As Texas deregulation nears, competition in the market is = heating up among retail energy providers. The Houston bureau says the Texa= s Public Utility Commission set the price to beat for areas in the state, a= nd competing retail energy providers are beating those prices. We'll have = all the details from the Houston bureau on Friday. West Coast Corresponde= nt Kym McNicholas says on Friday, California Senator Debra Bowen talks abou= t what to expect from the legislature in the first few weeks of 2002. Kym = says possible topics of discussion include the issuance of the state's $12.= 5 billion in energy bonds, the California Power Authority and plans to get = Southern California Edison and PG?out of debt. Also on Friday from the We= st Coast bureau, California Energy Commissioner Michael Moore talks about t= he gas supplies in California. Join us for these reports and more from Sac= ramento tomorrow. Closing Prices for Thursday, Dec. 27, 2001 Crude: $= 20.90/bbl -$0.37 Unleaded: $0.5927/gallon -$0.0086 Heating Oil: $0.5815= /gallon -$0.0131 Gas: $2.555/mmBtu -$0.356 Broadcasting Note: On New Ye= ar's Eve, we're broadcasting through 1:00 p.m. ET. We're dark on New Year'= s Day. Keep in mind things are subject to change at a moment's notice. Oc= casionally guests have to reschedule or change time slots. We'll continue = to do our best to keep you updated on future interviews and events. Be = sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at th= e top of each hour. =09 =09=09=09=09 =09=09=09=09=09=09 =09 =09 =09Peter Cook, EnergyNewsLive.com Washington Bureau Chief View today's= Energy Wrap Video Windows Media Player: 56K | 100K | 300K Real Player: = 56K | 100K | 300K (Requires Windows Media Player or Real Player ) Expe= rience all that Williams Energy News Live has to offer! If you are receiv= ing this letter for the first time and wish to continue, subscribe now T= o stop receiving this letter, unsubscribe now If you are having trouble = receiving this e-mail, please let us know or call (800) WILLIAMS (800-945=
Williams Energy News Live -- today's video newscast
=09 =09 Dear brad, I'm Washington Bureau Chief Peter Cook filling in f= or Jay Rickerts. In Washington, we'll continue to examine the major energ= y issues expected to arise during the New Year. We'll take a look at what = Congress will do with comprehensive energy and electricity legislation. Ou= r Washington bureau will also follow the FERC and its push for regional tra= nsmission organizations and wholesale competition. These are some of the = issues we'll look at as 2002 begins. On Wednesday, energy consultant and = former Assistant Secretary of Energy during the Clinton Administration Robe= rt Gee will join us in the Washington bureau. He'll give us his take on th= e U.S. relationship with OPEC and we'll get his assessment on the start of = retail competition in Texas. Gee will join us during the noon ET newscast = on Wednesday. The big switch is coming to Houston - On Wednesday we'll br= ing you a report on deregulation starting in Texas on January 1. The Houst= on bureau will have details on how the power grid reacted to the switch, an= d get an update from retail electricity providers. Also from Houston, J= ohn S. Herold, Inc. CEO Arthur Smith says upcoming earnings releases may ho= ld some unwanted surprises. He'll join us from Houston on Wednesday to disc= uss his company's research report and what we can look forward to in 2002. = Catch these reports from the Houston bureau on Wednesday. Closing Pr= ices for Monday, Dec. 31, 2001 Crude: $19.84/bbl -$0.57 Unleaded: $0.5= 725/gallon -$0.0157 Heating Oil: $0.5507/gallon -$0.0158 Gas: $2.570/mm= Btu -$0.204 Scheduling Note: We're dark on New Year's Day. We'll see you= Wednesday at 9:00 a.m. ET. Thanks for making this a great first year at E= nergyNewsLive - Have a Happy New Year! Keep in mind things are subject = to change at a moment's notice. Occasionally guests have to reschedule or c= hange time slots. We'll continue to do our best to keep you updated on fut= ure interviews and events. Be sure to watch our newscasts every busines= s day - 9 a.m. to 5 p.m. ET, at the top of each hour. =09 =09=09=09=09 =09=09=09=09=09=09 =09 =09 =09Peter Cook, EnergyNewsLive.com Washington Bureau Chief View today's= Energy Wrap Video Windows Media Player: 56K | 100K | 300K Real Player: = 56K | 100K | 300K (Requires Windows Media Player or Real Player ) Expe= rience all that Williams Energy News Live has to offer! If you are receiv= ing this letter for the first time and wish to continue, subscribe now T= o stop receiving this letter, unsubscribe now If you are having trouble = receiving this e-mail, please let us know or call (800) WILLIAMS (800-945=
Williams Energy News Live -- today's video newscast
Brad, I got a better picture of the delay issue when I talked to Keith this morning. Apparently, his group has lost their server liscence. As a consequence they cannot access their materials. Keith is doing everything he can that does not require the server, and when they regain access, we will get the map out asap. In the mean time, I am looking into major interconnects as well as storage facilities. As of now, I don't have a precise timeline on when the server issue will be resolved. When it occurs, I'll let you know. Thanks
TCO update
Rex: I have an article to fax to you please send me your fax #. I hope all is well in Amarillo. Longhorns look good, this weekend will be a good test for them. Tiff and the kids are great. Both kids are very excited to be in school, lets hope that this enthusiasm last for another 16 years. Brad
Gas Prices
Thomas: Can you please answer the following questions: 1. What is the NYC Gate volume that can be switched to NYH#6, NYH#2 and Diesel ? 2. What utilities have this capability, and what is the volume per utility? 3. What is the volume outside NYC that can be switched? 4. Explain the mechanism for determining the fuel oil pricing I was at the meeting I had to leave early, thanks Brad
NYC Gate Basis
Jon, I have put the data in both raw format and pivot table format. Sorry about how late this is. Any questions just let me know. How is the map comming? Have you had a chance to sit down with the schedulers yet? Adam
Here is the Tetco data
The transfer of your securities and mutual funds is in process. There are a few Canadian items that will not transfer. You mentioned that you would like to sell the Canadian securities and transfer the cash. Can you please call Dale Onrait at 250-712-2195 and have him liquidate the Canadian positions and tell him you would like the proceeds and the Candian cash to be converted to US dollars and transfered to RBC Dain Rauscher. This instruction must come from you. If you have any questions, please give me a call.
Canadian Transfer
We are trying to establish your cost basis in your account. Do you have confirms from the purchase date on your securities so we can see when the securities were purchased? We need to know the date because of the currency conversion. Dale Onrait in Canada said you purchased the securities from another branch so he does not have the records. This is for your benefit in determining your position if you sell the securities. Also, please contact Dale to sell your Canadian securities and have them convert the proceeds to US$. Tell them to send the money to us for your account in Houston. We still have not received your check. Did you send it? Let me know if you would like to grab a drink over the next 2 weeks. Everything is slowing down for the holidays and my shopping to done!
Cost Basis
Jon, how are things going these days? Are you going to stay in Houston? Did you get a job with UBS? How is the job search going for your girlfriend? So many questions... Things have been going okay up here, other than the fact that we have to look for summer jobs. Christmas holidays back home were definitely fun, but I missed talking to you. I went back to visit the office a couple of times, and Lambie and I managed to get out for an afternoon sporting clays shoot and a couple of beers. Since getting back here, I have had the opportunity to go skiing and play hockey a number of times. Classes are okay, but could be a lot better. We are currently taking marketing, strategy and corporate finance. The corp fin course is cool, and we learned a little bit about real options and valuing debt and equity using black-scholes modeling. That stuff if pretty interesting, and I think that I am going to try and get a summer job doing corp fin with a company. We have a big hockey tournament here this weekend which should prove to be fun, and the olympics also start. I can't wait to watch the Canadians kick a little Yankee ass at hockey. I have also planned a trip to Costa Rica for a couple of weeks in March, where I will hopefully spend a little time on the beach and meet a couple of sweet latin american girls. Anyway, hopefully all is well down there for you. I am interested in hearing how things are going for you. Take Care. Jeff
Checking In
Kam, Attached is a list of all the curves I upload. All of mine are volatility curves so I included the curve type and risk type. brad
Curves
Everyone, I have attached the preliminary schedule for tomorrow's test of the integration test scripts. For those individuals, who have been identified to participate in the test and are unable to attend at your scheduled time, please send me the name of your substitute as soon as possible. The current schedule allows plenty of time for each step. If the test is ahead of schedule, we may call you in at an earlier time. Thank You,
Estate Integration Test Dry Run - 1/10/2002
Do you guys know which books each of your people will be doing? There is a column for that in the trader matrix under the controls folder. Ramesh will be loading our information into risktrac for us once we have all of the information, book admin id is one of the fields he needs. When you have decided can you please input that into the trader matrix and I'll then forward everything to Ramesh. Thanks
trader matrix
The Integration Test Scripts have been placed in the following directory for your review. Please send any changes or additions to me. As I receive updates, I will make the changes and redistribute them to the Dropbox directory. \\O:\_Dropbox\IntegrationTestScripts <file://\\O:\_Dropbox\IntegrationTestScripts> There has been a change in plans regarding the schedule for testing the test scripts. We will be doing a dry run tomorrow. When we have determined the schedule, I will send it out. Thank You,
Integration Test Scripts
Zhiyong needs to get a list of all curves we will be loading for Netco. by tomorrow. When you all are done identifying those curves could you please get me a list of the curves by risk type? Thanks
Netco Curves
When: Monday, January 07, 2002 1:00 PM-5:00 PM (GMT-06:00) Central Time (US & Canada). Where: ECN 2601 *~*~*~*~*~*~*~*~*~* Agenda: 1) Organize USER/IT SWAT teams 2) Begin process of fleshing out test scripts Please review the attached spreadsheet for errors or omissions prior to meeting. If I have left anyone off the list, please let me know. Thank You,
Updated: Integration Test Team Meeting
Susan, These are book requests for the Netco books for all regions. Please let me know if you have any questions. We put in some book and portfolio codes we would like if they are available. If not, please call me. We need all price, basis, index, and gas daily US books to be the same, all Canadian books to be the same and all physical books to have the same codes please. Thanks
new book req
Good news for Body Shop members! The Body Shop will reopen Monday, January 7, 2002. While we recognize that the Body Shop is a tremendous asset to all of our employees' health and wellness, we must reopen it without an Enron subsidy. Therefore, the membership fee will increase from $25 to $30 per month for all Enron employees and contractors. Spouse memberships will remain at $15 per month. Locker fees will remain at $10 per month and members may keep their current locker. (If you emptied your locker after the Body Shop closed in December, please notify the Body Shop reception desk that you would like to reoccupy it.) The overall price increase, coupled with reduced expenses, will enable the Body Shop to reopen and remain open on a cash-neutral basis to meet creditors' requirements. Payroll deductions will be reactivated with the January 15th payroll and will include the increased fee. If you do not wish to continue your membership, please contact the Body Shop to cancel your membership via email only at <mailto:Body.Shop@enron.com>. Membership information and enrollment forms can be accessed below: The Body Shop's new hours will be 6:00 a.m. - 7:00 p.m. Monday through Thursday, and 6:00 a.m. - 6:00 p.m. on Friday. Saturday hours are not offered at this time. Although laundry service has been discontinued, towels will continue to be available for your convenience. Once the ongoing membership base and associated revenues have been stabilized to support staffing and housekeeping, exercise classes will be scheduled. We anticipate exercise classes to be available within a few weeks. Massage therapy services will continue and are available by appointment by calling extension 3-3047. Whether you are a continuing member or considering new membership, there is no better time for you to take advantage of the Body Shop and to take care of your personal health and well being than right now, at the beginning of 2002. Your continued support is greatly appreciated.
FROM CINDY OLSON, COMMUNITY RELATIONS: Body Shop Reopening
I saved the file for us to send to Susan Trevino for all the book access requests. I added the control group and put goss, kam, valdes and his people in there. So make sure you add that group to your book requests. Please take a look at this file and let me know if we need to make any changes. I plan on sending this file to Susan Trevino by tomorrow afternoon. The file in located in the Netco directory under controls/desk matrix. Thanks. PL
risk matrix
there is a book request form in Netco\controls\Book request form.xls. I put in the west desk books already. Susan is checking to see if we can use those portfolio and book codes, if not we'll change them. KK
book request
I started a spreadsheet for us to keep track of our books, traders, file names, etc. It is saved in O:\erms\erms_adm\Netco\Controls\Trader Matrix.xls Please add any other fields you think we should have. Jeff mentioned he wants to be able to quickly tell what books belong to what traders, O'neil had this idea. Is everyone ready to start setting up their books today? Has Scott Neal gotten back to you yet Phillip? KK
trader matrix
There is a new directory for the curve files. I am trying to request access to this for the traders so they can't see the rest of our files. This should be done soon. Can you move your files to this drive today?
curve files
Have you started to set up any new books for NetCo. yet? Do you guys think we should all use the same book and portfolio codes this time to make mini-books easier? Also, I think we should have some consistency in book names (make them more descriptive). any other suggestions? KK
new books
You are invited to attend a Netco meeting scheduled for this afternoon, Wednesday, January 2, 2002 at 1:30 in conference room ECS05990. If you have any questions or require any additional information please call me at extension 3-0402. Thank you,
Netco Meeting - Wednesday, January 2, 2002
All - Starting Wednesday, we all have lots of work to do to get the new company up and running on time. Going forward, we need to be a proactive organization as opposed to a reactive organization. Given that we have the best people in the organization going over, this should not be difficult to accomplish. Let me be very clear. Playing on the internet will not be tolerated. There is too much that has to get done over the next two weeks. That message needs to be communicated to everyone going to the new company. If people feel like they do not have anything to do, they should be reading about options or the gas business. This is a great opportunity for people to make themselves better employees. I have no problem changing the lists if someone steps up, or if someone doesn't. Below, are a few things I need your help with over the next few days. (i) Budget (due Jan 2, 2002) First year budget to include all start up costs (some of which can be amortized) Each of you needs to draw up a budget for your region by the end of the day Wednesday. Use the format that we used for the Enron 2002 Budget process. Russ and Greg. You will be one cost center in the new organization. John, can you be responsible for coordinating this and compiling all budgets into one by Wednesday night? (ii) Re-start/Integration Plans (due on Jan 3) To be forwarded to Louise These plans need to be detailed and show clear detailed timelines and detailed responsibilities for getting us up and running as soon as possible. The current restart date is January 21, 2001 but may be pushed forward to January 14, 2002. I need to detailed plans for what files we are moving, the systems we need, and anything that will make the move better for the business. Kam - Can you coordinate and give me the list be Thursday evening? (iii) Seating Plans Tammy Shepperd to co-ordinate We need to start the planning process for seating as we will be living on floors 5 & 6 of the Enron South building. If you have any preferences in this area let me know ASAP, so that I can make requests now. (iv) Due Diligence We continue the process with two new companies this week (Wednesday and Thursday). Andy Zipper is taking the lead for the company arriving on Wednesday, please help him with his requirements. Just so you know, there will be more people in this week. Please let me know how I can help in getting everything done. I look forward to a great year working with all of you. Thanks for all of your hard work. Jeff
Netco
Errol, Here are the bankruptcy post-id's that need to be calculated tonight. You probably don't have access to the Canadian book so you can get it from Jeremy or use my computer. The right one has portcalc up, kkeiser & tamu96ddd. They might need to be on inexact for basis and index. Once those are done, can you email the id #'s to John Powell, Debbie Brackett and Stephanie McGinnis? Thanks
BANKRUPTCY POST-ID'S
The information contained herein is based on sources that we believe to be reliable, but we do not represent that it is accurate or complete. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any financial instruments discussed herein. Any opinions expressed herein are solely those of the author. As such, they may differ in material respects from those of, or expressed or published by on behalf of Carr Futures or its officers, directors, employees or affiliates. ? 2001 Carr Futures The charts are now in the most recent version of Adobe Acrobat 4.0 and they should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat Reader 4.0 may be downloaded for FREE from www.adobe.com. (See attached file: AGAMAIL.pdf)
AGA Report 12/27
Reminder: I will out on vacation Thursday and Friday, December 27th / 28th, 2001. Please contact Cecilia Cheung @ 5-3362 for assistance in my absence. Cecilia my home phone: (713)433-1008; Cell: (713)594-7209. Due in Pub Posting on Thursday, December 27, 2001: NX1 NX2 NX3 NX3D NX4 NX5 Post the above rates in Excel after futures download is completed. "O-drive"; Click on: clntSvc; Click on: ksettle; Click on: NYMEXSTL.01.xls Then Post the same rates in ERMS/Pub Postings for January 01, 2002. Click on: "Quote /Deals; click on: "Otc"; click on: "Pub Posting". In Expiration Date box type: 01-Jan-2002; click on: "F5"; in Pub Code box enter: "nx%"; Click on: "F3". Locate the above codes in the listings: Post Rates. Click on: "F8" after each entry or you may try clicking on: "F8" after all rates are posted. Call me if you need me. Thanks Cecilia for your assistance. See you guys on Monday, December 31, 2001. wlh
Global Rates
The information contained herein is based on sources that we believe to be reliable, but we do not represent that it is accurate or complete. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any financial instruments discussed herein. Any opinions expressed herein are solely those of the author. As such, they may differ in material respects from those of, or expressed or published by on behalf of Carr Futures or its officers, directors, employees or affiliates. ? 2001 Carr Futures The charts are now in the most recent version of Adobe Acrobat 4.0 and they should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat Reader 4.0 may be downloaded for FREE from www.adobe.com. (See attached file: AGAMAIL.pdf)
AGA Report 12/19
This is to inform you that effective immediately, your human resource representative will be Hector McLouglin. Please channel any questions or concerns to him. I will be moving over to service corporate. I would like to take this opportunity to tell you what an honor it has been servicing you. Regards
Transition
Errol, Could you move the PMA adj. for Power (423, 818) to the power roll? Tracy needs to see this in the power roll, so that she can net it against her outstanding variances. Thanks!
NG X OPT PMA's
Hi, I have provided my home contact information for you below. If you are able to provide yours as well, it would be greatly appreciated. Best wishes and have a pleasant holiday season. Thanks!
contact info
Errol Attached is the October LTD reconciliation for Zipper Power Book. Please review the variances that are currently outstanding. Your total variance for 2001 is 423,818 of expense that should be taken to the DPR. We would like to get these variances cleared as soon as possible. Please let me know when we can expect to see these adjustments in your DPR. If you have any questions or need additional information, please let me know. Thanks
Zipper Power LTD Reconciliation
Good Morning, How was your holiday and vacation?? Fine I hope. We went to New Orleans, for my 2 year anniversary, but we didn't get out as much as I would have liked to. Too many people.!!! Anyways, can we discuss what prepay books are? Zakiyyah McClure Risk Analytics xt 58146
Prepay books
Does anyone object to having poker night on the 13th? The 20th is very close to Christmas. Please respond ASAP. Thanks. This map is NOT to scale!
Poker night
Errol, I looked at your post ids 1405076 (Nov 16) and 1403081 (Nov 15). For a Gas daily swap deal, its gamma, vega, theta, rho, drift, 2nd order should be zero. The change between today and prior day comes from forward value of new deals, changed value of old deals, curve shift of old deals, and liquidation of old deals. We can put it in a simplified formula, Today Value - Prior Day Value = New deals + Changed Deals + Curve Shift - Liquidation of old deals If you look at the gas top page, its liquidation actually includes both existing deals and new deals. The liquidation value for existing deals are 444,192 and liquidation value of new deals is -33,500. The Liquidation of new deals does not contribute to the daily change, so we got -33,502 off here.
adjustment of swap deals on GDaily top page
Hi Amy. Since you've taken over the responsibility for verbally confirming trades booked to John Arnold, Larry May, Mike Maggie, Dutch, and Andy Zipper, I just wanted to clarify that part of this responsibility includes clearing the trades in Deal Capture/Structure. When you verbally confirm a deal, you have to click on Counterparty and Verify the deal, noting with whom you verballed. If you don't do this, the confirms group has no way of knowing whether or not you've verbally confirmed the deal. Also, in keeping with our global standards for sending out confirmations, verballing should be done on Trade Day - although we give you until noon on T+1 before sending out your deals. At that point, any trades that are not verbally confirmed will be generated and sent. (This does not preclude the need for you to follow up with deals not yet verballed). The exception to this is, of course, if you have identified an economic discrepancy and "Actioned" the deal as such in TAGG - in this case we will wait until the Action has been cleared in TAGG. Me or someone in my group can come over an show you the process in TAGG if you're unfamiliar with it. (or Derek Bailey can show you too) Give me a call if you have any questions or if this deviates from your understanding of the process. Thanks, Diane 3.0443 PS - Also, can you or Errol let me know who in Risk is your backup for this function, as well as the brokered deals you check out? Thanks.
Verbal confirmation for direct trades
Please pass this onto the individuals in your groups: Tomorrow's simulation and Friday's desk to desk trading will provide an excellent opportunity for us to double check the online deals in tagg and sitara. Please pay special attention to these deals and let me know of any bridging issues. Even though we have been testing and having various people check the deals in the underlying systems, I am afraid of any logic that may be hardcoded in the bridge. Notify me immediately of any deals that are bridging incorrectly and I will try to resolve as soon as possible. I will also be watching the bridge to research any failed deals. Thanks for your help. Let's hope for a smooth transition! Dawn 3-9353
Bridge logic
When: Friday, February 01, 2002 1:30 PM-2:30 PM (GMT-06:00) Central Time (US & Canada). Where: ECS 5112 *~*~*~*~*~*~*~*~*~* Please plan to attend a meeting today at 1:30 p.m. in ECS 5112 to discuss Rate Feeds for UBS. We need to ensure that everyone will get the rate feeds that they expect to see in the various systems. We need to make sure that there are no holes in the process!
Meeting to discuss Rates and Rate Feeds
There is a P&L Summary for east desk in the Netco directory located at O:/ERMS/erms_adm/Netco/2002/0102/Regions0102/_Converted/East P&L Summ. Please take a look at it and tell me what you think. To simplify and speed up the reporting process, I added buttons that will link to the P&L's. The format may or may not resemble formats used on other desks, but I do believe the data shown is comprehensive. Errol - This may not fit your needs on the financial desk. You may need to design your own. If so, let me know if I can help. Thanks.
P&L summ
Please use your February Hedgestrips today, the 31st. Remember to change the following dates on your Run Query tab: Prompt Month: 3/1/02 3/31/02 Days in Month 28 Bid Week: 2/22/02 2/25/02 2/26/02 Thanks, SP PS: Please do not get into your hedgestrips (Jan. or Feb.) until 3: 00 p.m. today . Thanks.
Hedgestrips
Records indicate that there are a significant number of employees who have yet to have a drug test. Here are the details of the locations in Houston, Portland and other locations. Please attend one as soon as possible to avoid delays in your your onboarding and payroll processing. HR
Urgent - Drugs Test Reminder
Errol, Is a Macro problem your final answer on this?? I need an answer on this. If the beginning balances were changed in error, please let me know this so I can determine what I need to do to fix this variance. Again, this change did not affect your P&L. In the January 2001 PG book DPR, for the EOL Gas Daily Roll, you reduced your beginning Gross Balance for January by $9,066,220 and you increased your beginning Liquidated Balance for January by $9,066,220. So, the EOL Gas Daily Roll stayed flat in total and did not cause a problem P&L wise. However, this amount is falling out on my reconciliation for January. Could you please tell me what deal or deals were liquidated for $9,066,220, which in turn caused a reduction in your MTM?? We are concerned that these may be third party deals that Financial Settlements are not aware of. Thanks! !
PG Book
Frank, Just wanted to let your area know as soon as possible that I was placed into a Standby status for call up to Active duty. I found this out over the weekend, my reserve unit was unable to provide me any type of time table of when I may be called be recalled or what the likely hood of this happening actually where. Last time I had talked to you, you mentioned that Enron was in the process of revamping their policies related to these types of matters, I know that you answered some questiones I had but is there anything that gives a complete rundown of what the total policies are? If so can I obtain a copy?
Military Reserves
Dear All, Please test the Stage Release of PortCalc version 4.2.1s1 and let us know of the results. The executable is /stage/egs-home/ermt/bin/pwrcalc_slr New Features: Version 4.2.1s1 Changes Affecting All: Asian strip Fixed the Curve shift numbers in the adhoc table. Index Option Break up one single adhoc record into two records for physical and financial. Basis Option Fixed the issue on the break down of Peak and Off Peak curve shift for the second delivery point. Performance Improvement Disable unnecessary sensitivity calculation to improve performance typical for hourly options. Cross Portfolio flag form deal entry is now used. Before this change, PortCalc used to determine which deal is cross portfolio using internal logic. Curve and Position Manager PortCalc will now populate the peak_hours_num, off_peak_hours_num, sun_peak_hours_num and sat_peak_hours_num columns in the adhoc table to provde volumetric information for the Curve and Position Manager. Changes Affecting Australia: Asian strip Always use curve price for effective date to avoid next-day financial true up for that day, so that current previous day value can tie up yesterday's value. SRA New Deal type. Changes Affecting VATR: Populate the INSTR_TYPE_CD as TRANSMISSION in the pwr_vatr_port_posn table for Transmission deals. Please do not hesitate to ask if there is any questions. Thanks, Norman. x36976.
PortCalc Stage Release 10/29/2001 Version 4.2.1s1
On Friday, November 2, Kristine Best/Confirmations informed me on the above trades. V40316 was handled enron online and V44558 was entered into the system on 4/19 and checked out by Jeanne Bell directly with the customer on 5/15. The trade is with Williams...Enron selling Nov1-Mar2, 1/2 day at 5.485. John Arnold will inform me as to what to do after the market closes today.
V40316 and V44558
Geoff - Attached for your approval are four confirmations for the Ring Trades done among Enron, Reliant, and Bank of Montreal: You will note that an Exhibit A is attached to each confirm - but can you tell me from whom at both counterparties I can obtain the Exhibit B (transaction b/t Reliant and BOM) in order to attach that as well. Please review and advise. Thanks,
BOM/Reliant Ring Trades
Hi Errol, This message is to confirm our meeting with you on, Wednesday, November 7th from 2:00 pm - 3:00pm, the location will be EB 43C1. Attendees will be Monica Brown and Sheri Righi. Let us know if you have any question, I can be reached at 713-345-6687. Thanks,
Confirmation: Risk Management Simulation Meeting 11/7/01
Dear Errol- In an effort to clean up RisktRAC, we have created a new hierarchy structure in RisktRAC that is currently in the testing phases. I have attached a spreadsheet that contains the new hierarchy structure for Financial Gas (please look at all the tabs). Also included is a list of your books that are linked to the lowest level portfolio of the hierarchy structure. Could you please review the proposed hierarchy structure and let me know of any issues (i.e. all traders are captured or that we don't have any "extra" traders reflected.) Additionally, could you please review the "books" tab and ensure that the book list is complete and accurate and that the book is linked to the correct trader (please note - if more than one trader trades out of the same book, the book should be assigned to the most senior trader. Please ensure that this has been done correctly). Please advise us of any missing books as well. Finally, I would like to get an understanding of what reports/hierarchies you all are currently using in RisktRAC and for what purpose. I would like a response ASAP, but by Monday at the latest. Please call me to discuss at your convenience or email me your response. Thanks, Errol. Christy
Financial gas hierarchy