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Jeff- Stacy is out so I was wondering if you could look at this confirm and let me know if it is correct and ok to be sent out. The language in the other section is what the trader wants added and she is wanting the confirm ASAP. Let me know if you have any questions or comments. Patrice- If you could also look and let me know what you think. Thanks
CSN Sitara # 1149783
Jeff / Patrice As per our conversations, here is the new confirm. Please reply back to let me know it is ok to go out. Thanks
CSN
Hi Patrice, I left you a voice mail earlier, but I wanted to send a spreadsheet so you can see what I'm looking at. Have the buyback prices been changed in Sitara? Which months are you going to change? Is CSN going to be a prepay? If so, then I will add the Nov prepay to the invoice. Please take a look at the invoice and let me know if you think this is what they're looking for. By the way, I never got a chance to really thank you for bringing me along on the trip. I truly appreciate the learning experience and the chance to see firsthand how you interact with our clients. And it wouldn't have been quite as enjoyable with just anybody---you were great company!
Heartland Steel Invoice
Last night i could not sleep. I really need to find my friend, just to remove him from system. Last night I had a dream I found him. The guy here at work called him for me. He was not married, but had a daughter. His feelings were mutual. He had come to Chicago and rented a limo so that we could have an evening alone. We did not have any sexual activity. We did a lot of catching up and sharing of feelings. He would send me flowers and he wanted to buy me an expensive gift, but i told him that was not necessary, but he did it anyway. His last statement to me was that i let you get away before, but i will not from this day forward. I wanted to ask the person who had the prohetic reading to take a look at both pictures (Frank, Ron) to see which man was the one in the dream.
Missing in action
Dear Bill, Thanks for your offer to help us out in our modeling efforts. I hope that we can share our analysis with you in return. Below are some questions that we would like to understand in order to better model the ammonia industry. In our model we divided the industry to production, consumption, and storage. The storage, especially, is a concern to us because we have almost no understanding how much storage there is. How much storage is in the fields and how much is with the dealers. Also the consumption is very tricky. We are not quite sure how to understand the logistics of what really drive the consumption. I am aware that corn requires the most nitrogen out of all plants. However what else drive the decision of using ammonia as fertilizer I am not sure. How price elastic is the consumption, etc. In order to ask the questions in order, I would like to summarize them as follow: How much storage for ammonia is in the US? How is the storage distributed among producers, dealers, and farmers? From farmers view, what are the most important decision factors for using ammonia and at what amount? From the manufacturer perspective, what are the factors that are considered when starting the production and what are the factors considered when shutting the production down. I assume it is not only the differential price between ammonia and natural gas. Bill, I believe it may be easier just to talk about these questions, as there may not be a simple answer to any of the questions. I will call you in the afternoon, but feel free to call me at 713-345-1763.
Our Questions
Hi Patrice, I know it's never going to be a good time to take care of this deal, but we've got to do it sometime. Let me know what time is good for you. Please let me know the payment terms of the new deal, so that I can get with the new coordinator of this account. More specifically, are they still prepaying??? Since the name changed to "c," I will no longer be handling it. Bummer, huh? Thanks!
Heartland Steel
Here are my notes from today's call. As with Monday, I've focused on getting them out as quickly as possible rather than taking extra time to re-organize them by subject. Enron's business has been grouped into three buckets: Core, Non-core, and Under Review. Core: Wholesale energy business in North America and Europe, retail energy, pipelines Non-core: Broadband, water, and international assets (i.e. EGAS). Enron has approx. $8Bn in investments in these assets, and they have produced 'dismal' returns. Enron will be exiting these businesses and will attempt to wind them up in an orderly fashion. An aggressive divestiture program has been set in motion for these assets. Under Review: EGM, EIM. These businesses are being closely examined to determine whether they have a reasonable chance of long-term viability. Required resource levels are being carefully studied. Following review, Enron will move the different portions of these businesses to core or non-core as the analysis dictates. Approximately $800MM of asset sales are under contract and expected to close in the fourth quarter. These include a gas LDC in Brazil, EcoElectrica, and our Indian E&P assets. Enron is in active pursuit of an additional private equity infusion of $500MM-1Bn. Given the current environment, raising equity in the public markets would be 'inefficient', McMahon says. Short-term liquidity is provided by the $3Bn of credit drawn upon a few weeks ago, the $1Bn of new debt, and the $1.5Bn equity infusion from Dynegy. Longer-term, the proceeds from the sale of PGE will provide liquidity. Asset sales over the next year will be used to pay down debt. McMahon described the major off-balance-sheet vehicles: Marlin was set up to hold Azurix assets. It was initially capitalized with $950MM of 144a debt and $125MM of equity (raised from Enron and institutional investors). The debt is supported by the equity and by Azurix' assets. Enron is obligated to cover any deficit at the time the debt becomes due on 3/17/03 (the 'Enron topup' obligation). The 3/17/03 date is accelerated in the event that Enron is rated below-investment-grade by any one of the three major agencies. The primary asset of Marlin is Wessex Water. As long as Wessex is worth at least $2.6Bn, there will be no Enron topup required. If we take a 25% haircut to present book value, Enron will have to provide $650MM in consideration upon retirement of the debt. This $650MM would hit Enron cash, income, and equity balances. Osprey contains energy-related assets and 'other assets'. It was initially capitalized with $2.4Bn of 144a debt and $220MM in equity (ENE and institutionals). As with Marlin, the entity is an asset-backed structure with an Enron topup guarantee. The debt is supported by a) the assets; b) $1Bn of convertible preferred ENE (convertible into 50MM shares of ENE common); and c) additional ENE common as needed for topup. Assuming the same 25% hypothetical haircut to current book value, Enron would have to deliver approx. $600MM of topup funds--which would hit ENE cash, income, and equity. The debt must be retired by 9/17/02, with the same cut-to-junk early trigger provision as Marlin.
Highlights from ENE Analyst Conference Call 11/14
Have your received the original signed agreement from CSN? Regarding Nicor, I have not had a response from those guys regarding the Masters. I have left a message with Jim Hunt regarding status but he has not responded to date.
Nicor / CSN, LLC
You may already know this, but I heard from guys at Nipsco that they did their first nom on Vector yesterday. Also, Border interconnect expected Dec. 15th. The heater hit a bridge so they are trying to do some field repairs. Not much else to report.
Nipsco
Dear PATRICE MIMS, Thank you for ordering from www.newport-news.com. Below, please find a summary of your order. Pending credit card authorization, we will ship all available items and charge your card as they are shipped. All in-stock items will arrive within the next 6 to 12 business days (3-4 business days for Express shipments) CUSTOMER NUMBER : 3242576217 INVOICE NUMBER : 007832295 BILLING INFORMATION: PATRICE MIMS 8823 DEER MEADOW DR HOUSTON, TX 77071 ORDER DETAIL: COLOR/ITEM ITEM# SIZE PRICE QTY STATUS
Newport News order confirmation
An outage that was previously scheduled for the 21st @ Morinville & Albert Lea compressors on Alliance was moved to the 20th and AOS was reduced to 10% for 1 day only, the rest of the month we should see high AOS at least over 20%. There was also maintenance scheduled for the 27th but this has been cancelled. Any questions give me a call Thanks
ALLIANCE AOS
Great Lakes representative, Martin Wilde, is stopping by tomorrow @ 3:00. I have set up this time to discuss with him his operations and present to him any questions we have. Please let me know if you can attend. Thanks
Great Lakes representative
Veronica, Attached is the Guaranty Amendment for Nicor Energy, L.L.C., which adds financial transactions to the existing guaranty. Please copy Jim Hunt at Nicor (jhunt@nicor.com) on you message. Once received from Nicor, the Amendment needs to be countersigned by ENA. We will also need a copy for our files when fully executed. Please call me if you have any questions. Stephanie
Nicor Guaranty Amendment
Hi Patrice, I have an issue with Edison Mission and I saw your name on a deal (1094593) from October so I thought I could ask you about it. It looks like the deals are on a month to month basis. They paid us $5M back in February and each month we deduct their invoice from this balance. They called Max in Credit (x.58261) and want their money back. So, I am fully prepared to wire them their money back, I just want to make sure all the people involved are aware. Credit is going to request an invoice from them stating what we owe them. When that comes in someone in credit will sign off on this request. I just want to make the front-end aware of what's going on. Do you know who else does these deals? Thanks for your help Have a GREAT Thanksgiving.....you may already be gone......if so, lucky you!!! !
Edison Mission Marketing & Trade
Patrice--I'm working on the reconciliation and I've noticed that in Sitara for deal 1084719, the pricing is at Citygate GD for day 16. Did you go back in and change this? Let me know b/c the pricing is coming across in Unify as $2.29 rather than the $2.22833 you put in for the rest of the month.
Heartland Steel
I have updated the list to reflect all changes received. If you notice any more errors or if any counterparties have been reassigned, please let me know so that I can continue to make changes. Also, please see Louise's additions at the bottom of the list (from Adams Resources Marketing downward) and let me know if you have good relationships with any of these counterparties and could please take responsibility for them. Otherwise, our marketing team will be contacting these customers. Finally, please note that even though there may be names for a specific counterparty in both the gas and the power columns, the person ultimately responsible for contacting that customer regarding the password application and registration forms is the person in the PA column on the far right. Please remember when you are speaking to your customers to get all contact info possibly including contact name, phone and fax, e-mail, and address and send all this to Mary Griff Gray so that she can send them the PA and registration forms. Please call me at 5-3614 if you have any questions or come by my desk at 06541. Jennifer McQuade
Updated List
I want to say that I am very thankful that the Lord has blessed you to be apart of my life. Let me know what happens to you, on today. You have soooooo much experience that you can go anywhere. If I can be of some help let me know. Patrice I really Love Ron. My sister-in-law say my eyes were beaming. I was a good girl. Henry gets on my nerve sometimes. I was running late this morning, therefore I did not have enough time this morning. It would have been oooonnnnnn. There is so much I would like to disclose to you on today. I know other things are on your mind. Let me know when you can take a breathier. Your brother man is trying to act right, but, I am playing hard ball. I need to go to Tex, and Denver.
Friends for Life
When: Monday, February 04, 2002 1:30 PM-2:30 PM (GMT-06:00) Central Time (US & Canada). Where: ECS 06112 *~*~*~*~*~*~*~*~*~* Please accept this invitation, as it will automatically populate onto your calendars. Thank you,
Updated: Central Region Customer Priority Ranking
When: Monday, February 04, 2002 1:30 PM-2:00 PM (GMT-06:00) Central Time (US & Canada). Where: ECS 06112 *~*~*~*~*~*~*~*~*~* Please accept this invitation, as it will automatically populate onto your calendars. Thank you,
Central Region Customer Priority Ranking
Dear Body Shop Member: During the UBS/Enron transition your Body Shop membership will continue without interruption. We are working with UBS and Enron to transition payroll deductions and continue exterior door access to the Body Shop. While we are finalizing these changes please continue your Body Shop membership. Thank you,
Body Shop Deductions for UBS Employees
Hello all! I finally have a new cell number. It is (832) 563-7489. I'm leaving for Louisiana today around 4 pm and will return Monday evening. Have a great weekend and call me if you need me. :)
New Cell Number
When: Tuesday, November 27, 2001 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada). Where: Team Room 6112 *~*~*~*~*~*~*~*~*~* Per Laura Luce, A meeting has been scheduled to take place today @ 2 PM, per this morning's meeting. Please accept this invite, as it will automatically populate onto your schedules. Thank you,
Meeting Today @ 2PM
Please enter the needed information on each of your clients and return to me. I am in the process of creating a database. Thank you,
Customer Database
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
There will be a Q & A Meeting for the Power & Gas Market Team. This meeting will take place today @ 11:00 AM in ESC 6980. Thank you,
Q & A Meeting this morning
Hey Tricey! I didn't forget. Write me back. (See attached file: CutiePie.JPG)(See attached file: Danny&MotherNLaw.JPG) (See attached file: Danny.JPG)(See attached file: Dannycutsthecake.JPG)(See attached file: DannysCake.JPG)(See attached file: Danny'sChina.JPG)(See attached file: Danny'sGrandEntrance.JPG)(See attached file: HappyCousinsJPG.JPG)(See attached file: SangTashie.JPG)(See attached file: Tash&TriceyJPG.JPG)(See attached file: TheShower.JPG)(See attached file: Tricey&MomaDora.JPG)(See attached file: TriceySinging.JPG)(See attached file: YouAreSpecial.JPG) - CutiePie.JPG - Danny&MotherNLaw.JPG - Danny.JPG - Dannycutsthecake.JPG - DannysCake.JPG - Danny'sChina.JPG - Danny'sGrandEntrance.JPG - HappyCousinsJPG.JPG - SangTashie.JPG - Tash&TriceyJPG.JPG - TheShower.JPG - Tricey&MomaDora.JPG - TriceySinging.JPG - YouAreSpecial.JPG
Pictures
Preparations are continuing for our simulation on Thursday, Feb. 7 from 9-11 AM. Following is a User ID and Password which will allow you to access the website, playing the role of a customer during the simulation. Your User ID will be: MUS17613 Your Password will be: WELCOME! Your Products will be: US Gas Swap Please only transact on the Products assigned above. Your goal will be to make money and finish the day with a balanced position. Market "News" events may be emailed to you at certain points throughout the simulation (e.g. "storm in the gulf"). Please log into www.ubswenergy.com at 9:00 am on Thursday. NON-UBS PERSONNEL WILL NOT BE ABLE TO SEE OR TRANSACT ON PRODUCTS DURING THE SIMULATION Immediately after the simulation, website ID's will be deactivated and the website inactivated, so that the operations group can test the mid/back-office systems, while the IT groups clean-up the transaction data from the simulation. The website will be made available for internal trading (book to book) between traders on Friday, February 8, 2002. If you can't log into any application on the day or are having trouble with your systems, please contact the UBSWenergy.com Help Desk immediately at 713.584.4444 Regards,
SIMULATION PASSWORD
Hi Darla, Could you please help me out? Someone from Nicor called me last week and said we had a discrepancy for September business. All he said was that there is a difference of $176,836 that we owe them. Can you give me a general idea of what the discrepancy is? Thanks for your help.
Nicor, Seotember, 2000 Production
Scott, Finally, here's the resolution on the Coenergy invoice for April, 1999. Coenergy is telling me that the we need to pay the difference $2.90 vs. $2.74 on 10,000 MMBtu per day. If this is true, please pay the difference of $0.155 to Coenergy on a volume of 10,000 MMBtu per day for April, 1999. If your understanding is different, please let me know, but otherwise please pay the difference. Thank you for your patience, and sorry it took so long to resolve.
Coenergy
Girl, you cracked me up talking about the "holler" . Now you know I don't know. It was raggedy because we did not sing it with the lead. He probably won't spring it on you Sunday, because we did not do that good without you there. I am so tired from last night. Everything is so rushed, and I did not get the kids in bed until 10:35 and then I had to get them up at 6:00 a.m. I'm tired, so I know they are. On top of all of that, the market is up another $1.00 today (yeah!! ), but we have to stay late tonight to go over our positions as a group. My boss said that we will all stay until it's done, so make arrangements. Naturally, Todd is working the evening shift, so I'm trying to work something out with my girlfriend and her daughter. They just live right down the street. So we'll see! Talk with you later!
Re "the holler":
Hey guys, Here is the activity sheet for November. All activity is for the Balancing Agreement only!!!!! I am planning to inject approximately 15,000 MMBtu per day for the rest of the month and that should put me in a pretty good position. Please respond when you have a minute. Thanks
November, 2000 Activity Sheet for Interruptible Balancing Agreement
Hey girl, I know you've been busy and I can certainly understand that! It's been up and down over here, but I'm hanging! Hope everything is going well with you. Did the kids enjoy Halloween? My kids sure did. I did not realize that we did not have rehearsal last Tuesday because of Halloween. I wasn't going anyway! Don't forget I leave for Phoenix tonight for my cousin's wedding, so I'll be back on Sunday afternoon. Talk with you later.
Whatz Up!
Hi, Welcome back, I trust you had a good vacation.Nothing much going on here, just huge price moves. Anyway, everything we well, for the most part. As far as Alliance gas is concerned, the only new information is that the Aux Sable commissioning process will not start until Wednesday (last estimate) per Anne Buschal. So make sure to mention to Hunter on Monday, as everyone else should already know about it. Anne's number is 403-517-6270. She will be calling each Morning. My logon and password is: pmims and louise8mom. Please look at the Nigas Troy Grove Sheet that I have on my computer. My position should be around 15 long, just enough to cover rolloff for 2 days. If its not, please buy/sell to get me close to that number (or whatever is best depending on which way the market is going).
Hey!
Please let me know why my VAR is $2.2 million. My position is 108.3 short, so I need to know why the VAR is so large . Hunter would like an answer as soon as psossible. Thanks
Var for Patrice Thurston for 4/2/01
Judy, I thought I was through, but I'm not.....Can you please send up the the following contracts: Wisconsin Power & Light 96045691 WPS 96001003 Also, if someone in my group has already checked it out and returned to you, just tell me who had it and I'll copy off of them (smile!!). Also, do you have a copy of the GTC. We have no idea what it is, and we're looking for the non-performance language associated with it. Thanks!
A couple more contracts
Hi Jewel, Sorry, I was not available to visit with you when you called the other day, but things have been extremely busy around here, and plus, there is very little room for privacy. In answer to your question, there are no special requirements. Back in the day, they would have been looking for actual pipeline scheduling experience, but anymore, the liquidity for gas schedulers is so low, that they will consider most people, with an analytical or coordinative type background. I think it's one of those things that once you "get your foot in the door", you can move on from there. Just be aware, that if you were to become a gas scheduler, it may require working on weekends, and late nights from time to time. As far as the next step, I would suggest that you just simply send an e-mail to George Smith, Manager of Logistics on the Central Desk, and ask him if he has time to visit with you. I think that by simply expressing an interest, and learning what his expectations are of a scheduler, and also, learning what you can expect to learn from him, should serve as the first step. Also, if he is interested, and does not have a position currently open, then he will pass on your name to some of the other managers. They're actually pretty good about that! I'll mention to George that you may give him a call. Let me know if you have any further questions, or want to visit some more! Take care!
What Does It Take?
Hi Rev. Jackson How's it going? I'm sure I'll be seeing you tonight at choir rehearsal, but I was curious if anything new happened on the choir director front? Let me know if you get this e-mail in time to respond. I'll be leaving at 5:00 directly. See you tonight!
Anything new going on?
Russell, will you please update me on the status of the Alliance Pipeline Corporate Guarantee? We need to have this guarantee as soon as possible, as we would like to begin flow on September 13, 2000. Thank you
Status of Alliance Pipeline Corporate Guarantee
Hi, How's it going? You realize we missed our PLAYDAY for the kids this week. We need to make sure we get on schedule for next week. Sometimes the Tuesday night choir rehearsal takes so much out of me and the boys, that sometimes we spend Wednesday recuperating (i.e. getting the boys and myself to bed early). It's always so much better when Todd is not working and he can keep them. Girl, what did you think of that Jon P. Kee song that Joe and that girl were singing on Tuesday. The choir really wasn't into that one. We just could not muster up a good sound! Are you going to the groundbreaking ceremony? If so, let's see if some of us want to have lunch together before we head to the tent! I'm 75% sure that I will be attending. Talk to you later.
Playday!!
Hey Bossman, We're still waiting on Kam to provide the P.V. Factors, she's having trouble locating, but we have the spreadsheet almost complete. I'll send it as soon as she gets the values. Patrice
Nicor Storage Spreadsheet
Hey Brenda, I was wondering if you guys went to Disney World yet. We went and had a good time, although it was very hot. Let me know.
Disney World
Hey Sugar Bear! I was just thinking about you and was hoping that everything is going okay for you. I constantly keep you in prayer regarding your situation. How's Erika doing? You missed church Sunday when they forceably removed one of the guys (aaron Burr) from the church. You remember he was the one that used to sit on the front row and get happy alllllllllll the time. You remember him, anyway they hauled his tail out of there. It was terrible to see someone hauled from the church, not matter what the situation is. Oh well, take care, and call me if we need to talk!!! !
Just Thinking
Hi Jeannie, Several months ago I met with Jennifer Milligan regarding part-time employment. I still have an interest in this area, and thought I would drop you a note to see if you know of any upcoming opportunities/positions within the company. I have no definite time frame, but I do know that I do have a strong interest in part-time employment. Please let me know if anything comes up, and also if we need to meet. I would appreciate discretion regarding my search for part-time employment ( please do not discuss with Hunter) as I do not want to jeopardize my position on the desk or have him thinking that I'm not giving 100% because I'm interested in part-time employment. I've casually mentioned this to him in the past, so he's somewhat aware, but probably did not take me very seriously. Thanks for your help!
Part-Time Positions
Just in case, I have not made it real PLAIN, you deliver an AWESOME Video, It is extremely professional, easy to follow, and concise! Keep up the GOOD WORK! Thanks again!! !
Video Weather Report
Hey Lizzie Nicor is correct, Sitara #664380 s/b changed to reflect a Chicago Gas Daily Price flat, while Sitara #664363 s/b reflect a Chicago Gas Daily Price plus $0.01. I have revised both tickets. Thanks for your help, and also thank Darla.
Sitara #664380
Cool girl, that'll work out fine. It sounds like Hope will be attending also. Kenny can't come, so that was disappointing, but I'll see him on Saturday for his daughter's party. Talk with you later. We need to talk!!! !
Re
Hi Melba, Will you please create a new product that reads as follows: The interconnection between Alliance Pipeline Company and Vector Pipeline Company located in Will County, Illinois. I also would like a NGPL Nicor product set up that uses the Gas Daily Posting for "Chicago LDC-Large end-users" midpoint. I will need to have the Vector Alliance set up for tomorrow if possible. Thanks Melba!
New Product
For December 21, 2000 activity, I reported a weighted average price of $16.00 for activity for December 22-26, 2000. The weighted average trade price via Enron Online will reflect a price of $15.76, but coupled with the volume not transacted online, this price was estimated to be a $16.00 midpoint. Specificially the following trades were transacted over the telephone: Nicor Gas Company $18.16 20,000 Via ANR @ Hampshire Altrade GDD +.05 10,000 NGPL Nicor WPS GDD 5,000 NGPL Nicor Nicor Gas Company $12.00 20,000 NGPL Nicor PG&E $14.00 9,000 NGPL Nicor Kaztex $18.16 4,000 NBPL/Nicor The reason for the interest in this time period is as follows: Nicor Gas Company observed their company holiday on December 22nd, while most companies observed the company holiday on December 26th. As a result, volumes were traded for the December 22-26 time period. Gas Daily published a price of $15.70 for the December 22-26 time period. Nicor Gas Company made a decision to buy gas on December 22nd for the December 23-26 time period. I received several phone calls from various marketing companies expressing concern that Gas Daily was going to revise the posting, based on the minimal activity that transacted on December 22nd. While, my practice is to simply take the price as reported on Enron Online, from time-to-time, the there will be significant volumes transacted over the telephone that will impact the Enron Online price. My volume is a little over-stated, but simply from a cursory glance standpoint, as opposed to intentionally reporting erroneous information.
Chicago Midpoint pricing for December 21, 22, and 23, 2000
Please be advised that the California Power Exchange Corporation has received a deposition subpoena from the California State Senate Select Committee to investigate price manipulation of the wholesale energy market. The subpoena seeks the testimony of George Sladoje, Chief Executive Officer, of the CalPX. Mr. Sladoje is scheduled to testify pursuant to the subpoena on April 2, 2002 at the legislative office Building, 1020 N Street, Room 288, Sacramento, California. The subpoena also seeks the production of the following documents, some of which may be considered confidential under Section 19.3.2 of the CalPX Tariff: 1. Any and all documents relating to the Market Monitoring Committee, including, but not limited to, any and all reports prepared by or for said Committee, notes, e-mail memorandum, correspondence, drafts, and documents supporting any Committee reports. 2. Any and all documents relating to the market compliance Unit including but not limited t, any and all reports prepared by or for said Committee notes, e-mails, memorandum, correspondence, drafts, and documents supporting any Committee reports. Counsel for the Senate Select Committee has stated that the confidential materials provided by CalPX in response to this subpoena will be treated by the Senate Select Committee in accordance with the terms of the May 15, 2001 letter from Senator Joseph L. Dunn that was previously posted on the CalPX web site. If you desire to assert a claim of confidentiality or privilege, you should direct your written statement by March 26, 2002 to the following:
Deposition Subpoena by the California State Senate Select Committee
I have accepted a position with AEP's Portland office, effective today. I do not have contact information at AEP yet, but if you wish to contact me you may do so by email at taperry1@attbi.com. It has been a pleasure working with all of you over the past year and three quarters. I wish you the best of luck in the future.
Farewell
Hello all. I haven't talked to many of you via email recently but I do want to give you my new address for your email file: bjm30@earthlink.net I hope all is well. Brian McGuinn
email address change
This is a reminder that employees of Enron and its affiliates should maintain the confidentiality of certain Enron information. Enron's confidential information includes all non-public information relating to Enron's business, including but not limited to: information regarding customers, employees, contractors, and the industry; strategies, methods, books, records, and documents; technical information concerning products, equipment, services, and processes; research and fundamental market data (including databases and research materials); Enron OnLine; systems (such as Enpower, Sitara, etc. ); financial and sales data; pricing strategies and price curves; trading methodologies and terms; evaluations; opinions; interpretations; the identity of customers or their requirements; the identity of key contacts within the customer's organizations; marketing and merchandising techniques; and other information that is not generally known to the public. If you have questions regarding the scope of your responsibility or whether Enron regards any particular information as confidential, please contact your human resource representative who will be glad to assist you. Thank you,
Confidentiality Reminder
Some of you may have entered updates to your personal information in eHRonline from Friday, March 1 through Monday, March 4. However, we experienced some problems with the HR system during this time, and it is likely that certain updates were lost. If you made an update during this period, please return to eHRonline and review your information particularly for the following four categories: Banking information for direct deposit Tax W-4 information Home address Emergency contact Note that the first three categories above are related to payroll. We are processing payroll for March 15. If updates are needed for your March 15 paycheck, please eMail your update and P # to "HR Service Connection" before 11 a.m. on Thursday, March 7 for immediate processing. Put "eHRonline Update" in the subject line and send as urgent so we can expedite processing. For any updates applicable for future paychecks or non-payroll related, please re-enter your information directly in eHRonline. Thanks and we apologize for the inconvenience.
eHRonline Updates
Hi. This is the qmail-send program at mail2.uswest.net. I'm afraid I wasn't able to deliver your message to the following addresses. This is a permanent error; I've given up. Sorry it didn't work out. <mmattthew36@qwest.net>: Sorry, no mailbox here by that name. (#5.1.1)
failure notice
We're beaming with excitement to share our new name with you! It's a name that reflects the true culture and beliefs of your Credit Union, and represents the reliable and innovative services you expect and enjoy as a member. Due to the unfortunate circumstances that surround Enron Corp., we believe it is important to change our name for the sake of our membership and our organization. Careful consideration went into choosing a name that we feel describes our Credit Union's trustworthiness, shining service, and extensive product line that offers value and convenience to each of our members. All of your Credit Union accounts remain unaffected, including your membership, loans and other account services, as does our friendly staff. Over the next few weeks, watch your mail and our web site (currently www.enronfcu.com) for information about our new web portal and e-mail addresses, as well as communications regarding your options to receive new ATM cards, VISA check cards, credit cards and checks. Give us a call with any questions at 713.853.6242, or drop us a note at efcu@enron.com. Also, watch your mail for information about our new location coming soon! We look forward to sharing a bright future with each of you under our new name!
Enron Federal Credit Union Announces New Name!
WEST COAST AND ALASKA TSUNAMI WARNING CENTER/NOAA/NWS ISSUED 03/05/2002 AT 2142 UTC ...THIS TSUNAMI INFORMATION BULLETIN IS FOR ALASKA, BRITISH COLUMBIA, WASHINGTON, OREGON, AND CALIFORNIA ONLY... NO - REPEAT NO - WATCH OR WARNING IS IN EFFECT. EARTHQUAKE DATA: PRELIMINARY MAGNITUDE: 6.8 LOCATION: 6.1N 124.0E - MINDANAO, PHILIPPINE ISLANDS TIME: 1216 AST 03/05/2002 1316 PST 03/05/2002 2116 UTC 03/05/2002 EVALUATION: BASED ON LOCATION AND MAGNITUDE THE EARTHQUAKE WAS NOT SUFFICIENT TO GENERATE A TSUNAMI DAMAGING TO CALIFORNIA, OREGON, WASHINGTON, BRITISH COLUMBIA OR ALASKA. SOME AREAS MAY EXPERIENCE SMALL SEA LEVEL CHANGES. IN AREAS OF INTENSE SHAKING, LOCALLY GENERATED TSUNAMIS CAN BE TRIGGERED BY SLUMPING. THE PACIFIC TSUNAMI WARNING CENTER WILL ISSUE TSUNAMI BULLETINS FOR HAWAII AND OTHER AREAS OF THE PACIFIC. THIS WILL BE THE ONLY BULLETIN ISSUED FOR THIS EVENT BY THE WEST COAST AND ALASKA TSUNAMI WARNING CENTER UNLESS CONDITIONS WARRANT. IF AVAILABLE, REFER TO THE INTERNET SITE HTTP://WCATWC.ARH.NOAA.GOV FOR MORE INFORMATION. [TSUPAQ / WEPA41 PAAQ 1015364546] EDIS-03-05-02 1342 PST (Special thanks to craigslist for helping get this to you quickly!)
[EDIS] THIS TSUNAMI INFORMATION BULLETIN IS FOR ALASKA BRITISH [News: Statewide]
We know how interested all of you are in the Retention & Severance Plan, so we want to update you on its status. As many of you know, we have been working with members of the Creditors' Committee and their consultants since December to formulate a Retention & Severance Plan, and we formally presented the plan to the committee on Friday, February 22. We had hoped the committee would approve the plan quickly so that we could file it with the bankruptcy court and share the details of the plan with you before the end of the month. We know that many of you have career options outside of Enron and that the Retention & Severance Plan may impact your decision to stay or to leave. We sincerely regret to inform you that approval of the plan for debtor companies is delayed. We're learning that, in bankruptcy, most things don't move as quickly as we are accustomed. The committee outlined some concerns related to our proposed plan, but we are confident we will be able to reach agreement with the creditors on those concerns. The Creditors' Committee fully supports the implementation of a Retention & Severance Plan. Such plans align the company's objectives with the goals of the creditors and are fairly standard in bankruptcy. These plans are designed as a way to preserve and maximize value for the estate. The Creditors' Committee also understands that time is of the essence for getting a plan in place and has established a subcommittee to expedite their review and approval process. To that end, we are meeting regularly with the subcommittee. We intend to work hand-in-hand with them to reach agreement on an acceptable plan as quickly as possible. This is currently our top priority, bar none! When we filed for bankruptcy, we did not fully grasp how tedious the process of developing an acceptable plan would be. Unfortunately, that lack of understanding led management to set unrealistic expectations about how quickly a plan might be in place. We now know that it takes significant time, resources and effort to understand, identify and gather the massive volume of required details, to formulate that information into a reasonable program, and to prepare a rationale and compelling presentation. The process mirrors the most time-intensive business presentation or deal negotiation with which Enron has been involved. That serves only as an explanation - it is not intended as an excuse. We remain committed to working with the Creditors' Committee until we can reach agreement on a plan. We anticipate that negotiation process will take another week or so, and have targeted the week of March 11 to file a motion to adopt a plan with the bankruptcy court. We will continue to hold retention and severance as our number one priority until a plan is approved by the bankruptcy court. With respect to non-debtor companies, or those companies not in bankruptcy, new severance plans are being approved and will be rolled out to employees in those companies in the very near future. In the meantime, we have been working to finalize merit increases and promotions across the entire organization and plan to communicate those to employees next week. And of course, we will update you on retention and severance as soon as possible.
Update on Retention & Severance Plan
ISC - Customer Service Survey Ticket#HD0000000725316, Wanted to know how to add admin in his profile : Thank you for taking the time to fill out our Customer Service Survey. Your input is crucial to our continued efforts in establishing and providing you with World Class Support. Please take a minute and complete the 5 question survey then submit it back to us when you are done. Once again, thank you for your participation.
ISC - Customer Service Survey
EA Estate Group: Please see the below reference of Enron's vacation eligibility, allowance, and scheduling policy: Vacation Eligibility: All regular full-time employees are eligible for vacation based on continuous service. Regular part-time employees receive 40 hours per year of paid vacation per year. Temporary employees are not eligible for vacation. Vacation Allowance: Vacation allowance is based on an employee's continuous service according to the following schedule. Employees must be on the payroll and actively at work as of the first business day of the calendar month to accrue vacation for that month. If the first day of the month falls on a holiday or weekend, causing the employee to have a hire date other than the first, the vacation accrual date will be dated the first of the month so that the employee will accrue vacation for the month. (For example, an employee with a hire date of January 5, 1998 will have a vacation accrual date of January 1, 1998. The intent of this change is only to affect the vacation accrual date as explained; it is not to affect any other term, condition, privilege, or benefit of employment.) Length of Continuous Service--Vacation Allowed
Vacation Policy Information
My father Bob Watson pased away last Thursday. A family service was held in Santa Cruz on Sunday. He will be terribly missed by all of us, especially by me. Contribritutions can be made to the Giving Fund, 2622 SW Glacier Ste 110 Redmond, OR 97756 Thank you all for you wonderful support over the last week. Hayden
Watson Article2.doc
While it has been discouraging to see an endless stream of negative news coverage about Enron, we want you to know about some positive news that is starting to emerge. ABC News was at Enron today because they want to do a story about Enron's future, our business going forward and the tremendous work being performed by the remaining 20,000 employees worldwide. The segment is scheduled to appear on both Good Morning America and on ABC World News Tonight with Peter Jennings on Wednesday, Feb. 20. The Good Morning America piece will be kicked off with a live feed from the Enron Building tomorrow morning at 7 a.m. CST. Check local listings for the air time of World News Tonight. While there is no guarantee that these stories will be glowing pieces about Enron, the interest by ABC in running a positive story is encouraging. We wanted to let you know about these stories before they air. Additionally, two articles featuring interviews with Interim CEO Steve Cooper ran yesterday in USA Today and the Los Angeles Times. We are forwarding them to you for your information. Thank you for your support as we work to turn the tide of media coverage and public perception of Enron and its employees. MONEY New Enron CEO turns company focus to future ; While workers cope with loss and uncertainty Noelle Knox 02/18/2002 USA Today FINAL B.03 (Copyright 2002) HOUSTON -- Inside Enron headquarters, employees walk by stacks of moving boxes as they scrounge for pens and Post-it Notes from the empty desks of their laid-off co-workers. On one desk, an employee finds a note that reads: "I'm not gone, don't take my stuff!"
Media Coverage of Enron
Dear Mr Motley: I'm writing to tell you that our negotiations with the International Association of Machinists (IAM) District 141M have produced a tentative agreement on a contract, ensuring no disruption of service to United customers. This has been a difficult time, and I want to thank you for your understanding and continued support. IAM District 141M will forward the details of the tentative agreement to its membership for a vote within the next two weeks. This decision allows us to continue focusing on serving you, and I hope it renews your confidence in planning your travel with United. We look forward to seeing you on board. Thank you,
United Travel Update - IAM Contract Agreement
All, We have a number of external Trading Track candidates to be shortlisted for 2nd round interviews at Enron. John L would like for each of you to phone screen two candidates each and let me know if you think they are worth a 2nd round interview. Adrianne Engler, will forward you shortly, the resumes and contact numbers for the external candidates. As all of these candidates are currently working, please plan to phone this this evening or tomorrow evening. Please note however each candidate will be telephone screened by two of you and each of you will have approximately 2 people to call. The schedule of this will aslo be forwarded to you along with the resumes and contact numbers. Any questions let me know. Rgds, Karen x54667
Trading Track Interviews - External Candidates
We're looking forward to having you speak at the All Accounting Offsite on May 23 at the Adams Mark Hotel. Please send me a short bio that can be used to introduce you. In addition, if possible please send your presentation to me so we can have them loaded on the laptop in advance. If you have any questions, please contact me or Sharron Westbrook. Thanks,
All Accounting Offsite
Scott: In follow-up to our conversation, please note that your deposition in the above-referenced matter is scheduled for June 22, 2001. I will get back to you with more details, including a propose preparation time, in the near future. Thanks,
Duke/Citrus
For those of you who have already let me know you will be there, thanks. The rest of you better move fast because there is a limited amount of sleeping space! If you misunderstood, we will be staying over only Saturday night. Rod and I will meet you at the Starbucks in Town & Country Mall behind the Chevron station at 8:30am on Saturday June 9th. Once you pick up your latte, we will caravan to the beach house and fuel up (beer) for the traditional dad's only beach football game. Winners will dine on: Smoked Cajun Sausage Crab Stuffed Jalape?os Barbacued Shish Kabobs in a spicy mustard sauce Mixed vegetables, salad and garlic bread Loosers will cook. Sunday breakfast will also be provided. Bring: Lunch for Saturday (variability of arrival times precludes planning an appropriate meal), I repeat Lunch for Saturday. Snacks Beer Fishing supplies Beach supplies Cooler for the beer Mosquito repellant Sleeping gear Sunglasses And, did I mention beer? Vamos a la playa, ?? oh, oh oh oh, oh ? ?.
Beach Outing
I think most of you know that we gave Jeff a gift certificate for Forno's, which came with a free night of babysitting, by me. We also gave trophies to the assistant coaches. I know some of you have reimbursed me. If you have not and would like to do so, (naturally, it is purely voluntary), please send $10 to: Beth Hurst 502 Regentview Dr. Houston, TX 77079-6909 Thanks, Beth
Coaches Gifts
On-line registration will open at the associations web site (www.sbmsa.org) on July 23rd for the 2001 Season. We are looking for parents to help volunteer for field day, opening day festivities and fund raising. Help make 2001 the best year yet! In addition, we are looking for interested parents in the Northern half of the school district to help with a participation drive this sumer and fall. Please visit the football section of the web site often for updates and information on the 2001 Football Season. You can contact myself (Michael Rupe) at mrupe@cima-energy.com or our new Program Director (Murphy Graham) at murphyg@mercersales.com Thanks,
Fall 2001 Football Update
Scott As discussed. Date Wedsnesday 23rd May Time 6.30 Loc Houstons - Willcrest @Westheimer Eddie's number if there is a problem is 7139890962 ( work ) As mentioned he was approached by us and so is a little cautious. Please let me and John know how you got on Thanks
Eddie Reitz
Attached is the current list of rotations for the Trading Track participants and future assigned rotations (as decided at the time of hiring). Can you please re-confirm you have these people in your group currently, as I appear to have conflicting information. I will re-send, if any changes occur. If there is any movement of these people between groups can you plese keep me in the loop. Kind regards,
Existing Trading Track Rotations
Team, I'm not sure what the latest discussions you've had since our last meeting, but I need to get this concept outlined and in the hands of my customer. They are making their decision any day now and I believe this structure will add to the value of our Compression Service and reduce our dependence on the minimum load factor. I've attached a basic outline as I see it. Please review or we will discuss at our 3:00 meeting today. I would like to define or understand our (Enron's) wish list as well as a relative value at a minimum. I need to get the specifics to my customer tomorrow since it's not going to happen today. I ultimately need to have a price for the gas that ECS would be receiving ASAP. Thanks, mk
Bay Gas Storage - Parking Provision discussions
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eSource Presents Free SDC Platinum Training
Torrey, Well we finally have a final product description for our Sonat tier 2 product. Tami DePaolis and Jeff Hodge have given there OK. Attached is the description along with some additional language for penalties that need to be included in the description and confirmations as well. If you have any questions please give me or Tammi a call. thanx
EOL product description for Sonat tier 2 gas
June deals for TDC are 3,800/d / Tenn Zone 1 / #778201 and 200/d / Koch??? / #815628 Please check the location for the Koch deal. I don't know what zone it needs to be. Thanks,
TDC
Charles & Scott, I wanted to circle back with both you with respect to employment opportunities at Enron. I am in the process of narrowing potential opportunities. As such, is there currently an opportunity to move forward with Enron? If so, please feel free to contact me. In any event, I appreciate your consideration.
Employment Opportunity
FYI I made a few additional changes to the draft that went to Bay Gas. I'm having discussions with him in the morning to discuss specifics. mk
Bay Gas - Proposed 'Parking Provision" to Compression Service Agreement
The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision? Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own. Please inform us ahead of time if you need special accommodations to participate in this meeting. Call 3-9390.
The Enron Oral History Project Continues
Begining 6/4/01 most North American Gas and Power quotes will be displayed on and transactable from the TRUEQUOTE trading platform. Please call me if you have any questions or need more information. Thanks. Savita X31787
EnronOnline Quotes on TRUEQUOTE
Scott - Attached are my notes of the OUC deal that Jared thought you would like. Dan - We need to incorporate the terms and conditions that I have mentioned in the summary below into a confirmation sheet. I'm assuming we have a Master Firm Agreement with Orlando Utilities, but if we don't, we need to get a contract drafted as well. I will check in with you to discuss. Thanks.
OUC Deal
To all, I spoke with Jan Aspuru (OUC) this morning. He indicated the max volume they would take summer would be 60,000 mmbtu/day ten year term. He went on to say that a winter drop to 50,000 mmbtu/day would help put our proposal in line with what they are currently looking at. We should assume winter to be November - March. Items to consider: Scott - Is their a price drop to entice them into 60,000 baseload to gain access to the winter economics on the 10,000 drop. i.e. Do we offer Hub plus .53 for sixty baseload? Something to consider and your call. When LNG comes up, notice I said when, we can sculpt. FM - standard natural gas industry language? If LNG becomes cover, doesn't allow for any shipping delays, etc. LD strategy - do we put caps on penalties or an out clause if nondelivery occurs for a certain number of days, presumably a number of months consecutively. Timeline - We need to get a proposal to them by mid-month. It appears a short negotiation period to close ends can be had after the previously mentioned July 1 deadline. Short means about a month. During our initial discussion, OUC suggested preferred pricing would be Gas Daily Zn 2 plus $.55. We suggested with our risk management abilities we would consider any pricing they preferred and further suggested Index with the right to convert to Gas Daily or others. Does the desk have a preference? - Gas Daily exposure seems better for us - but conversion could still be had even under a Gas Daily contract - need your thoughts. In this regard, I have set a meeting with credit, Phil I'd like you to attend, at 9am tomorrow to begin the process. Give these items some thought and I will schedule a meeting for Wednesday, June 6th at 4pm in 3259 to discuss. Phil and I will continue to work toward that meeting. Thanks for your assistance as we move forward to this agreement. Regards,
Orlando
To all supervisors of Associates and Analysts The Associates and Analysts will be divided into 4 final ranking meetings for the mid-year 2001 PRC. These meetings are scheduled as follows: EES Associate & Analyst Final Meeting - June 8 EBS Associate & Analyst Final Meeting - June 19 EWS/Others* Associate & Analyst Final Meeting - June 25 EA Associate & Analyst Final Meeting - July 9 *(EWS/Others includes Associates and Analysts from EWS, EGM, APACHI, CALME, CORP, ECM, EIM, EIP, ENW, ESA, ETS, EOTT, HPL, PGE, EWC, Japan, and EnronCredit). The Associates and Analysts will be ranked within the following Peer Groups: Analyst 1 - Analysts with up to one year of service (hired between 3/1/00 and 2/28/01) Analyst 2 - Analysts with greater than one year of service (hired prior to 3/1/00) Associate - All Associates hired prior to 3/1/01 Associate and Analyst Ranking Process Analysts and Associates hired on or after 3/1/01, will receive feedback only, all others will receive both a PRC ranking and feedback. Each Business Unit Supervisor will be responsible for providing a pre-ranking to the PRC Rep. The PRC Reps have access to the consolidated feedback for each assigned Associate and Analyst. Please be sure that you have met with the assigned PRC Rep prior to the final Associate and Analyst meeting for your business unit. (Your business unit HR department may choose to set up pre-ranking meetings - check with your HR representative). The final ranking for each Analyst an Associate will be determined through a cross calibration in each of the final meetings. In these final meetings, the Analysts and Associates will be represented by a PRC Rep from their Business Unit who should be familiar with their accomplishments. Associate and Analyst PRC Reps Please refer to the attached spreadsheet for a list of Associates and Analysts who will be ranked in these meetings and their PRC Reps. Contact me at extension 35230 if you have any additional questions. Terry Bosien HR Manager, Associate and Analyst Program
Associate & Analyst Mid-Year 2001 PRC Process
Please review and verify the attached spreadsheet. Make any corrections to employee info in RED on the spreadsheet As we will not hold a pre-ranking meeting, please provide a pre-rank of 1-5 (see attached rating descriptors) for each employee. COMMERCIAL: Commercial employees are identified by a C in the Peer Group column You should be prepared to represent these employees at the July 9 Commercial PRC meeting COMMERCIAL SUPPORT: Commercial Support employees are identified by a CS in the Peer Group column You should be prepared to represent these employees at the June 21 Commercial Support PRC meeting Non-exempt employees (Clerks/Adminstrative Assistants/Coordinators) will not participate in a PRC meeting. Your ranking on the spreadsheet 1-3 (see attached rating descriptors under Job Group Participation) will be the final ranking for these employees Note: If your employees used the PEP system to do a self-evaluation, it is important that you review the accomplishments section of the self-eval prior to attending a PRC meeting. This information will be available to display on the screen during the meeting. If you have any questions, call me at 5-3847. Please send the completed spreadsheet to me no later than MONDAY, JUNE 11.
Important PRC info-Read and Respond by Monday, June 11
All, We currently have 7 associates and 2 analysts yet to place in ENA. These A&A are new hires and will be joining Enron in August. Please advise me if you would like to see these resumes today. Rgds, Karen. x54667
A&A to be placed
Over the last several months, the CommodityLogic team has designed, built, and beta-tested a number of "modules" to create EnronOnline-type capabilities for the mid and back-office. By combining these web-based solutions with the back-office commercialization effort, Enron can now offer its clients a complete suite of operational services unique in the industry. Many of you have also created important pieces in this puzzle, and all of you have valuable client relationships. We'd like to put all of these elements together. Please join our team for a demonstration of the CommodityLogic modules and a discussion on strategy next Thursday, June 14, 2:30 to 3:30, 49C1. If I have excluded anyone from the invitation list that you feel should attend, please let me know. Looking forward to seeing you next week. All the best,
CommodityLogic, Back-Office Commercialization and You
Please Mark your calendar..... The ENA Gas and Power Technical and Commercial Support Performance Review Meeting will be tentatively held on June 21, 2001. Details to follow.
Technical and Commercial Support Performance Review Meeting Date
Becky, This will confirm our conversation. You will make the redrafting changes necessary on the petition and attachments to file in Harris County court, and have everything ready for us to file on Monday. Once service is ready, we will then serve the Secretary of State of Texas (I may go ahead and have a process server do that for us, to prevent any questions about proper service later on). Keep your fingers crossed and let's hope that Sherwood Purnell doesn't try to dodge the Secretary of State. Many thanks. Britt P.S.--Lee, we already have the check cut to pay for filing, etc., but get with Becky today and take a look, just to make sure it appears to be in the proper amount. If it is not, let's order a check in the right amount today. Thanks.
ENA v. Triad
Please mark your calendars. The ENA Commercial PRC meeting will be held on JULY 9. This meeting is by invitation only. Substitutions or Additions will not be permited without the permission of John Lavorato. Further information will follow.
Commerical PRC Meeting Date
Scott, I am forwarding my company?s exec summary, and my c.v. as well, si if you see anything interesting over there let me know. Good talking to you. Regards,
hi.
Scott, As discussed yesterday we really appreciate your help in moving the negotiations along for the Master with Williams Energy Marketing & Trading Company. Just to give you some facts: We do have a GISB with Williams, of which they are the Confirming Party. Williams has made a decision not to confirm any deals less than a month in term, this is breach of contract. We currently have over 800 deals pending execution as they are not sending paper.
Williams Physical Gas Master
Due to the sale of HPL we will be modifying the General Terms and Conditions ("GTC") governing all North American physical natural gas transactions on EnronOnline, on Nov 5th. This will require all Counterparties' not having a Master Agreement governing Physicals to accept the revised GTC in order to continue transacting in these Physicals. In order to ensure minimal disruption to trading we are taking the following steps. There will be a pop-up announcement to this effect on EnronOnline on Monday Oct 29th There will be a ticker with the same information all week , next week on EnronOnline. The modified version of the GTC will be available on EnronOnline all week, next week for any customers wishing to have their legal departments review it before they accept it. The EnronOnline marketing group will be contacting customers who had previously accepted the GTC to make sure they are comfortable with the changes. If you need more information or have any questions please call me at X 31787 Savita
ENRONONLINE- GAS PHYSICAL GTC CHANGE
Last year money was to be set aside in reserves to cover the net amount needed to resolve these issues with Transco, BUG , LILCO and Enron. The total dollars required was approximately $4.25 million. An amount of $3.55 million needed for the Transco historical imbalance resolution. The remaining balance was needed for the BUG and LILCO accounting issues that Keyspan brought to our attention last year. Bob Hall has $3.5 million reserved in his area for the Transco historical imbalance. The remaining $50,000 for Transco and approximately $700,000 of additional funds for the accounting issues were to be reserved last year under "The Office of the Chairman". Sally Beck and Janet Dietrich arranged for this additional money to be reserved at the "Chairman" level since the additional funds were needed to correct an old accounting problem that should not hit the East Desk P&L. Also, the arrangement was that the reserve would be maintained until the settlement payments were made by Enron. As with most stories, there is some good news and some bad news. First, the bad news. After a great deal of investigation, it appears that there currently is no reserve at the "Office of the Chairman" for these additional funds. Now, the good news. Georgeanne will take the necessary steps to make sure there is money available so that we can quickly resolve these issues with Keyspan and Transco. If you have questions, please give me a call. Ruth x31667
Transco Historical Imbalance & BUG/LILCO Accounting Issues
We just wanted to take a moment to let all of you know your options for holding money in money market or a vehicle similar to that and the different yields associated with different products. Please see the attached spreadsheet and feel free to call either Pat Dowd at (713) 853-2403 or me at (713) 853-2386 with any questions. For your convenience, we will update this each week and send it to you via email on Mondays/Tuesdays Sincerely,
Money Market Rate list for the week of October 22, 2001
All, We have 16 internal and 8 external candidates been interviewed for the ENA Trading Track November 1st. Please advise if you would like to make any final recommendations on internal candidates to be interviewed. Internal Candidates: Benke Terrell Burt, Bart Freeman, Scott Giron, Gustavo Hamlin Mason Huang Jason Hull Bryan Jennaro Jason Lenart Kirk Lieskovsky Jozef Ordway Chris Pan Steve Royed Jeff Saavas Leonidas Schlesenger Laura Sell, Max Total: 16 External Candidates: Fred Baloutch Randy Hebert Ferando Leija Agustin leon Zoya Raynes Carl Zavattieri Eric Moncada Gabe Weinart Total: 8 NB: Awaiting feedback from 3 traders on 6 remaining external candidates.
Trading Track (ENA)
Hey Patro, You are still my idol. Ever since I first saw you disco dancing in front of the car headlights I knew you were mentor material. Hey, is anyone going to homecoming? Hix Hardy
homecoming
Hi Scott, I just wanted to let you know that have been in Houston for a while since the office in Bogota closed down at the end of last year. I am currently working in the DSM Desk in EES and I would definitely like to speak to you whenever you have some time. Please let me know when would be a good time for you. Best regards,
Hello!
Scott: Attached please find the Trader Performance Report for the east desk. The rankings are against the whole North American natural gas trader pool. Please contact Frank Hayden or me if you have any questions. Thanks,
Trader Performance Report
Though many of you already know, today is my last day here at Enron. I am leaving to pursue my culinary interests full time and have accepted a baking/pastry apprenticeship with the Deer Valley Resort in Park City, Utah for the winter season. I am happy to have spent the past 3 years working with such a fun and intelligent group of people. I sincerely wish all of you the best in your future endeavors. Please don't hesitate to look me up if you are in the Park City area, vacation planning, or considering some radical career change like this...ha. It would be great to see old friends up there. Forwarding info is below:
Park City Bound
Deskheads: I would like to have a 2 hour team building session for the assistants, receptionists, and clerks on Friday 5/25/01. The only thing that will be charged to your cost center is the cost of a lunch brought in for the administrative staff. I know that the assistants usually are out of here between 12:30 to 1:30 being that this is a Friday before a holiday. I would like to have the session start at 12:30 so that they can still be out of here by 2:30 that day. This would require the phones being on solo pilot starting at 12:30. Please respond with your approval, questions and/or comments as soon as time permits so I can set everything up this week. Many thanks, Ina Rangel
Friday 5/25/01
Andy, This will update you on this matter. You may recall that it is a collection matter for about $1,800,000 for breach of spot gas purchase contracts by Triad. We tried to arbitrate, but Triad wouldn't answer the arbitration (even though I got calls from Purnell afterward, who asked if there was some way we could settle the arbitration). We then filed suit in the 125th Judicial District Court of Harris County, Texas, against both Triad and Purnell, to see if that would smoke them out. As you know, after filing our original petition, we found an inadvertant technical error in it that required correction, and at no charge to you refiled a first amended petition that corrected the error. Since then, we served the first amended petition and citations on the Secretary of State of the State of Texas, as is allowed by law under such circumstances. The Secretary of State then forwarded the first amended petition and citations to the addresses we gave them, by certified mail, r.r.r. At this time, which is long after the expiration of the answer date, no certified mail receipt has reportedly been received by the Secretary of State from Purnell or Triad. No answer or other pleading has been filed by Triad or Purnell. This is not unexpected, given that Triad dodged us during the attempted arbitration. The caselaw supports the position that we have made effective service on both Triad and Purnell, although there is some room to argue that the Secretary of State has to receive a green card back, even if it is marked "refused". If we wanted to try to nail this point down by going to the additional expense of personal service on Triad and Purnell, we could, but if Purnell is not going to respond to registered mail, he will likely attempt to dodge personal service as well. I am not recommending it. We will shortly receive from the Secretary of State the so-called "Whitney Certificate" and file-stamped copies of the citations, which we will file with the court, along with a motion for entry of default judgment. I will make sure you see a draft before it is filed. We will need to set a hearing on our motion, and produce evidence of our damages. I would not expect the hearing to take more than an hour. We previously filed an affidavit signed by Bryce, as well as a matrix for computing our prejudgment interest (given that there were many spot gas sales, and prejudgement interest as to each would start at different times) prepared by Shielah Castro. I will follow up with them to see if they would be willing and available to come with me to testify at the hearing, and will of course fully prepare them beforehand. Also, I will need to testify regarding our attorneys' fees in this matter. Parenthetically, given the length of time this matter has been on file, it has been routinely set on the dismissal for want of prosecution docket. As you know, it is merely a formality and I will file the appropriate motion to get this taken care of. I will send you a draft of that if you wish. A hearing is set on this docket for October 23, at which time I presently have a conflict, and Bonnie has kindly agreed to attend in my place if necessary. No one else need be at that hearing. Please let me know if there is anyone else who needs to be in the loop on this. I will keep you advised. Britt
ENA v. Triad/Sherwood Purnell
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