input stringlengths 93 39k | output stringlengths 1 117 |
|---|---|
Ellen attached are confirmations and agreement for Geronimo.
Please let me know if you have any questions.
I am sending these to the customer today.
| Geronimo Enterprises, Inc. |
Concerning Proliance, have discussed Proliance's purposed language which would give them the right to terminate the contract upon ENA's single failure to schedule.
Dan Hyvl, will not agree to this verbiage.
Please give him a call if you wish to discuss this further.
| Proliance |
do you have any problems w/ these guys?
we have a deal pending their signature on a gisb for gas to flow tomorrow to 2/28.
please let me know asap thanks
| Superior Water Light and Power |
Kim, Dan and I have discussed your latest e-mail of November 28th, regarding revisions to our redline.
We cannot accept your modifications and suggest the contract be generated as requested or suggest another way to document this deal.
Should you have any questions, please feel free to give me a call.
Regards,
| WPS contract |
I am preparing a re-draft of a previous agreement for this Canadian company.
Credit terms default for Duke Guarantor is 25M/ 50M for Enron.
Triggering event for both parties is 10M w/ 250 multiples.
Do you want to change these?
It is my understanding we have guaranties in place.
Please advise asap.
Thanks!
| Duke Energy Marketing Limited Partnership |
Kathy, I have completed the draft of the Canadain agreement for your review.
I am waiting on my credit dept.
re credit terms.
I hope to send the draft today.
Regards,
| Agreement |
Attached is Jim's e-mail regarding Cedar Resources deals.
We have a disparity.
I will confirm as below unless I hear from you as different.
Thanks
| Cedar Resources |
A draft of a Master Firm Purchase/Sale Agreement was sent via Federal Express Monday to Thad Shumway of Cinnabar for review.
I left a message this morning for Mr. Shumway and await is call.
If Cinnabar agrees to the Master, we will accept a fax of their signature on page 5, and follow with originals for execution.
Dan Hyvl informed me you will contact Cinnabar today as well.
I will advise you of our progress.
Please let me know if I can be of further assistance.
Debra
| Cinnabar Energy |
Today's mail brought the following news: 1.
Metropolitan Water District: MWD has terminated Deal Nos.
790056.01 and 807275.01, effective December 12, 2001.
There are two other one-month deals, one beginning in February and one in March.
I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement.
2.
City of Vernon: City of Vernon has terminated all deals effective December 27, 2001.
3.
WAPA is retaining monies due Enron for post-November 30 deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law."
4.
City of Luzenac has suspended deliveries until January 15, 2002.
5.
City of Burbank has terminated all transactions immediately.
| West Power Counterparty Update: 12/31/01 |
We need to meet on Wednesday, the 2nd, at 2:00 pm (in the big conference on the sixth floor in ECS) to go back through the East Power contracts that we will continue to serve either through the pools or under bilateral deals.
Given the drill we went through today in preparing for the January schedules in PJM and NEPOOL, it became apparent we need to get all the team members on the same page and make sure we have a good system for notifying all relevant parties of terminations, changes, etc.
Bill/Ed - Can you please run the most recent DPR for non-terminated East Power contracts.
Casey and Stacey - will you please update the spreadsheet that you ran for Kevin last week.
Let's make sure we all agree on contracts that have been terminated.
As most of you probably have seen, a number of terminations have been received in the past several days (see below).
United Illuminating - effective January 1, 2002 HQ Energy Services - effective January 1, 2002 First Energy Solutions - effective January 2, 2002 Old Dominion - effective January 10, 2002 - we should schedule in PJM through the 10th of January (do we have any other positions with Old Dominion).
Ameren Energy GPU Energy - effective January 21, 2002 - we should schedule in PJM through the 21st of January (they may push back, but we should remind them that they will be subject to LDs).
Thanks,
| East Power Meeting |
When: Tuesday, February 05, 2002 10:00 AM-10:30 AM (GMT-06:00) Central Time (US & Canada).
Where: ECS 6990 *~*~*~*~*~*~*~*~*~* If you have any questions, please call Lisa Kinsey @ x37628.
Thank you,
| Logistics Overview |
Enron Federal Credit Union Stands Ready to Assist You Enron Federal Credit Union would like you to know that we stand ready to assist our members affected by the recent events.
We are committed to those who may need special assistance during this difficult time.
The State of Enron Federal Credit Union We are dedicated to providing our members with all the services they would normally expect to receive.
Business will continue to be conducted as it always has.
We will continue to provide loans.
In the event you have an EFCU loan or credit card, we will negotiate a workable agreement for its repayment if necessary.
These arrangements will be made on an individual basis.
ATM withdrawals and Debit Card transactions will carry the same daily limits.
EFCU will be conducting "business as usual."
EFCU is a not-for-profit financial institution (a cooperative) owned and operated by you, the member.
And, although we are here exclusively to provide financial services to the employees of Enron Corp. and their family members, we remain financially independent from Enron Corp. And, your accounts at the Credit Union are insured to $100,000.00 by the National Credit Union Share Insurance Fund (NCUSIF), supervised by the National Credit Union Administration (NCUA), an agency of the U.S. Government.
How To Access The Credit Union You may continue to access your funds in the Credit Union at EB 399, through our electronic services, or at any of our Texas Credit Union Service Center branches:
| Enron Federal Credit Union Stands Ready to Assist You |
All, As you have some visa condition associated to your employment with UBS, we will shortly be forwarding to you an assignment letter that allows you to provide services to UBS whilst still an employee of Enron.
This assignment letter will only be applicable until your visa is approved by the INS.
Therefore, if any of you will be out of the office this week/early next week, can you please let me know.
Kind regards,
| Transfer to UBS |
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 |
Dear Global Oil Retainer Client, PIRA is expanding its weekly assessment of global refining profitability to include Mediterranean and Singapore refining regions - key additions to those already provided on a weekly basis, which include "cracking" for WTI crude in the U.S. Gulf, Chicago and Group 3; "cracking" for LLS crude in the U.S. Gulf; and "cracking" and "hydroskimming" for Brent crude in N.W.
Europe.
These margins are based on PIRA's proprietary crude yields, and represent industry or "swing" refinery margins.
The added margins are "cracking" and "hydroskimming" for Urals crude in the Mediterranean, and "cracking" and "topping" margins for Dubai crude in Singapore.
The $/Bbl margins represent incremental cash operating margins, which equal gross product worth, less delivered crude cost, less variable refining operating costs.
Margins are calculated and plotted for each day that prices are available.
PIRA will continue to publish margin charts every Monday afternoon at www.pira.com.
Look for further announcements in the future as PIRA continues to enhance worldwide refining information for its Retainer Clients, including margin analysis in other key refining regions.
PIRA Energy Group
| PIRA's Weekly Refinery Margin Charts |
Hi Jamey, Would you please let us know when the database (ERMTP) will be back up?
It's already 10AM.
Vladi needs access to the database asap.
Please let us know.
Thanks
| ERMTP status |
Vladi: Please take a look at deal 942732.
It's a deal that was booked today (10/31) for December delivery.
It was booked in July, but it's on CGT/Appalac, and since this is not one of your points I don't think it belongs in your book.
Please let me know.
Thanks,
| DEAL |
Will you send me the file for the west indices dating back to Oct?
Monthly and daily prices and their spreads to the Hub would be nice.
Thanks,
| Gas Daily, NGI, and IF historicals |
Sean, I am sending this note to request that the correct counterparty name be confirmed on the 2 below puchase deals for Sep/01 production.
We are being invoiced by Coral Energy Canada Inc., whereas we have these deals in the system under Coral Energy Resources, L.P.
I cannot find executed confirmations on these deals.
Vladi Pimenov may be the trader or risk contact for these deals.
Please advise or change as necessary.
1036802 1063131 Thank you,
| Counterparty Name Change - Coral |
UBS have organized an important meeting will be held tomorrow for all employees who : 1) have accepted offers or 2) intend to accept offers ( to the best of their knowledge) but who have issues that are being resolved All employees in these categories should attend Buses will be provided for those who do not have their own transport and will pick up from the south side of the north building - please assemble in the Java plaza area from 8.30am to 9.30am ( last bus leaves @ 9.30 am ) The meeting will last until approximately 1pm and will be presented by senior managers from UBS on the firm and it's strategy.
There will be breakfast available at the Hotel from 9am to 10am and there will be sandwiches afterwards.
If traveling independently please make sure you leave sufficient time to park (it will be very busy) and get to the Grand ballroom Employees need to bring their id's or drivers license with them to gain access to the meeting I'm sorry for the short notice on this - please call out to anyone who should be attending who will not get this message in time Tammie Schoppe on behalf of UBS HR
| URGENT REQUIRES IMMEDIATE ACTION : Welcome to UBS meeting tomorrow 10.15 am @ the Houstonian |
We know you have questions about recent events impacting Enron and our plans for the future.
Ongoing investigations and pending litigation have made it difficult, if not impossible, to share information in a timely manner.
While we can't address certain issues, we can tell you about our initial plans to move Enron forward and emerge from bankruptcy, and we are eager to do that.
We had planned to hold an all-employee meeting tomorrow, January 23, at the Hyatt Regency.
However, we don't want to subject you to the media frenzy that would certainly surround such a meeting, so we've decided to postpone it.
We are currently making arrangements to hold a series of employee meetings within the building to protect your privacy.
We will provide the date and times to you as soon as the logistics for those meetings are finalized.
Prior to the employee meetings, we will provide an overview of Enron's new organizational structure.
You can expect that memo shortly.
| Employee Meeting Postponed |
Starting on Monday, January 12, we will begin discussing various topics on gas fundamentals.
For the next few weeks, we will meet from 2:00-3:00 each afternoon in room ECS06716.
I would like everyone's input and new ideas on how we can improve going forward.
A tentative schedule of topics is attached.
Chris
| Fundamentals Discussions |
(plachet...) u menya vypal kamushek iz kol'tsa... chto delat'????????
slava bogu - ne brilliant, no tozhe - iz morgo lyubimogo, kotoroe ya vse vremya noshu.... chto delat'????
The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above.
If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited.
If you have received this communication in error, please notify us immediately by e-mail, and delete the original message.
| sos |
Vladi, amigo ruso, de verdad: ?How are you doing my friend?
I hope everything is cool with you.
I`ve tried to catch you in the chat today (just a few minutes ago) but you were not available.
Ok, the purpose of this e-mail is to wish you the best in this coming year, I know things are not easy right now and things are changing quickly for you, but you are an incredible person and God (if you believe in God, but if you dont, it doesnt matter) save good and nice things for good people like you.
I know i havent been a good friend the last months (for various reasons i explained to you over the phone last time) but you are the best friend I ever had (is serious, no just a phrase) and i want for you just the best in this year and in the years to come.
I promise to be in touch.
Your friend Christian
| Best wishes for you |
Privet Vladik, If you receive this e-mail I suppose you are still with Enron.
I wish you a Happy and Prosperous New Year and good luck.
Hope to see you some time.
Pasha
| from Pavel Zhegalov |
I want to provide you with clarification and some additional information in light of yesterday's announcements regarding Enron's filing for Chapter 11 bankruptcy protection.
In Friday's email, we advised you that the business units will communicate any news regarding elimination of your position, that this information will have been coordinated with the Program in advance, and that it will be definitive.
To be clear, this means that any news regarding whether you will be retained or terminated will be delivered by the business units (not the Program), and it will be final.
Later this morning the business units will begin floor meetings, and will communicate further information and instructions to you.
As a result of these recent events, all activities and responsibilities of the Associate / Analyst Program are being transitioned to Human Resources.
Over the next few weeks, the Program's current HR Generalist Terry Bosien will work with the business units to make this transition as smooth as possible under the circumstances.
Through Friday December 14, please make Terry your primary point of contact for any questions or issues you might have.
Finally, I must say that I'm very proud to have led this Program over the past several months.
I want to thank each member of my team for their hard work and dedication to the many things we've achieved.
I am grateful for the contributions all of you have made to Enron, and I wish you the very best of luck.
With best regards,
| Associate / Analyst Program |
Vladi, as per our discussion today, Sprague and Enron are canceling our deal to buy 6,000 Dth Transco Z6 NY for 12/4-31/01 (Sprague buying from Enron).
Due to Enron's inability to deliver physical gas, Sprague will purchase supply from alternate suppliers.
You and I netted out physical deliveries for 12/1-3.
We will notify downstream LDC's not to accept any gas from Enron for us.
If you have any questions, please do not hesitate to contact me.
Thank you.
| Cancellation of Transco Z6 NY deliveries, Dec 2001 |
UBS have organized an important meeting will be held tomorrow for all employees who : 1) have accepted offers or 2) intend to accept offers ( to the best of their knowledge) but who have issues that are being resolved All employees in these categories should attend Buses will be provided for those who do not have their own transport and will pick up from the south side of the north building - please assemble in the Java plaza area from 8.30am to 9.30am ( last bus leaves @ 9.30 am ) The meeting will last until approximately 1pm and will be presented by senior managers from UBS on the firm and it's strategy.
There will be breakfast available at the Hotel from 9am to 10am and there will be sandwiches afterwards.
If traveling independently please make sure you leave sufficient time to park (it will be very busy) and get to the Grand ballroom Employees need to bring their id's or drivers license with them to gain access to the meeting I'm sorry for the short notice on this - please call out to anyone who should be attending who will not get this message in time Tammie Schoppe on behalf of UBS HR
| URGENT REQUIRES IMMEDIATE ACTION : Welcome to UBS meeting tomorrow 10.15 am @ the Houstonian |
This message is only relevant for those going to UBS.
When exporting your EMAIL messages listed in the instructions or via the Outlook Export utility, attachments WILL NOT BE SAVED!
There will be a better solution to exporting your Email messages and all your attachments emailed later today.
Thank you,
| >>>>READ! UBS EMAIL MIGRATION<<<< |
Start Date: 1/23/02; DayAhead market; No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.
LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012316.txt
| Start Date: 1/23/02; DayAhead market; |
Gang: We have received a termination letter from CNC Containers for our California business.
Steve Hall has a copy.
Please stop scheduling for them ASAP.
Thanks
| CNC Containers Termination |
The attached schedule covers Wednesday and Thursday, Jan 23-24.
The schedule sent Friday for Wednesday, Jan 23 has been updated to incorporate a new weather forecast of 1-22, as communicated via my earlier email.
Associated text files for both days will be posted to Sparky as usual.
| EES CA SCHEDULE for 1/23/02 (REV) and 1/24/02 |
************************************ You are receiving this email as a member of OR4NE.
Please do not reply to this email.
Send a new email for your comments or email address changes to webhusker@or4ne.com.
The changes will be in effect within five days.
Thank you!
************************************ OR4NE NEWS for 21-27 January: Note: The web site and email database are nearly complete.
Thanks for
| OR4NE News, Husker Sports |
The attached schedule covers Monday through Wednesday, Jan 21-23.
Schedules sent yesterday for the holiday Monday and for Tuesday now incorporate later weather forecast data and are again shown on sheets "EES-Schedule day 1" and "day 2".
The schedule for Wednesday, Jan 23 on sheet labeled "day 3" is being sent early to accomodate the long holiday weekend.
If significant changes occur, this schedule will be rerun Tuesday AM.
Associated text files for all dates will be posted to Sparky as usual.
| EES CA SCHEDULE for 1/23/02 |
The attached schedule shows both yesterday's forecast for Thursday, Jan 17 (as Day 1), as submitted, and a corresponding schedule for Friday, Jan 18 (as Day 2).
The associated text files for Jan 18 will be be posted to Sparky.
Today's schedules (for Saturday and Sunday) are still in progress and will be sent later today.
| EES CA SCHEDULE for 1/18/02 |
================================================================= SOUTHWEST AIRLINES' CLICK 'N SAVE?
E-MAIL UPDATE January 15, 2002 ================================================================= 197...198...199...200!
200th Edition and more to come!
Yes indeed, we've just begun Without your help, There would be no success!
Our faithful Click 'n Save Subscribers You are the best!
| Celebrating our 200th Click 'n Save, January 15, 2002 |
The attached schedule is for Wednesday, Jan 16.
According to my understanding of your message last week, as of today, the associated text files are no longer being posted to Sparky from here.
Please advise me immediately if this is not the case.
Thanks.
MRF
| EES CA SCHEDULE for 1/16/02 |
Houston has requested we sit down with them on the phone and go over all the in-the-money contracts we have.
By their count we have about 50.
They want to account for each and understand why we may not be delivering on them.
Ed Baughman will be sending his master list in advance of a 11:30 call in Mt.
Bachelor.
Please send at least one representative from each of the regional desks to discuss the list.
Thanks,
| Conference Call with Houston |
The new California Scheduling sheet is located at P:\Trading\California\EES\joh2\SCH There are 2 sheets, one for Newco and one for the Estate.
If you could please test out the Estate sheet and make sure it correlates correctly with the current old sheet, that would be greatly appreciated.
Both sheets point to different databases.
There is still the known "holiday bug" where all holidays from 2002 and on will not show up correctly.
THis will be fixed in the new upcoming sheet.
The Newco sheet seems to work but there is no valid data in the Enpower database (all data for newco in the Enpower database has been truncated).
Hopefully, Phil and I will have the new system up and running before we have to revert back to the old Newco sheet.
| Cali Scheduling Sheets |
ISO Market Participants SC Settlement Contacts: Attached is the Summary of Settlement for CDWR (CERS) April 2001 Invoices.
Payments to ISO Creditors were made on January 8, 2002.
<<Closing 122001 mkt sum final CERS.xls>> If you have questions, please contact your Account Manager.
Client Relations Communications.0715 CRCommunications@caiso.com <mailto:CRCommunications@caiso.com>
| CAISO Notice - Closing - September CERS Payment |
Chris, a couple things about the prepays for 1.13/1.19.
1.
Is the "Avista possible additional power"a done deal or is it a day to day basis??
When should it be scheduled?
2.
Could you email the details on your prepay deals to Phil and I, just in case we have questions regarding them.
3.
I have looked over the calculation sheet you showed me yesterday (Tuesday) for the wire to Avista and I have found a mistake.
We are not currently delivering to City of Shasta Lake (28mw RTC).
Serena
| PREPAYS |
MARKET NOTICE January 4, 2002 Resumption of Preliminary Invoicing ISO Market Participants: SC Settlement Contacts: The ISO will resume issuing Preliminary Invoices starting with the November 2001 trade month.
On August 30, 2001, the ISO distributed a notice indicating that it would temporarily suspend making cash distributions based on preliminary invoices.
The notice further indicated that this practice was to be effective for the June, 2001 billing cycle.
Beginning with the July 2001 trade month, the ISO temporarily halted issuance of the preliminary invoices entirely.
Subsequently, the ISO issued a single monthly invoice on the date that it issued the Final Settlement Statement for the last Trade Day of the calendar month.
Thus, the ISO neither collected nor dispersed funds until the final invoice was distributed.
This suspension of the "two invoice" settlements approach was a temporary action.
The ISO will resume issuing Preliminary Invoices starting with November 2001 trade month.
This is consistent with ISO's proposal in the November 21, 2001 compliance filing for FERC's November 7 order.
November 2001 Preliminary Invoices are scheduled to be generated on January 29, 2002.
If you have questions regarding this procedure, please contact your Account Manager.
Client Relations Communications.0921 CRCommunications@caiso.com
| DRAFT CAISO Notice - Dual Invoicing to resume trade month November 2001 |
Our new office supply house is Boise Cascade, and we just got the capability to place an order.
We plan to radically scale down the supplies we previously kept in stock, but we will maintain a rudimentary supply of the basics.
If you need an office supply that is not typically stocked or if you would like to see the catalog, please ask Mollie or me.
| We Can Now Order Office Supplies! |
Please join Enron Training Sessions 11-12 MT Hood.
The goal is to provide an overview of each major function in our office to anyone who is interested in learning about what goes on here.
Schedule: 1/4 Tim Belden - Floor Overview 1/7 Matt Motley - Term Trading 1/8 Sean, Diana, Richter - Cash Trading / California Market 1/9 Stewart, Paul, Foster - Middle Market / Services 1/10 Tim H - Fundies 1/11 Alan - Regulatory 1/14 Donald - Scheduling 1/15 Bill - Real Time 1/16 Scotty - Volume Management 1/17 John - Risk Management 1/18 Susan, Steve, Christian - Credit & Legal 1/22 Todd - Structuring
| Classes 11-12 Mt Hood |
To the West Desk et al: The FERC's west-wide price cap has been raised to at least $108/MWh beginning today through 30 April 02.
Please see the order excerpt below.
Although market prices are well below both the old and new cap, the new cap will give the markets more breathing room if there is an unexpected cold snap and/or supply disruption.
I am happy to report that the one of Enron's advocacy messages made it into the order: any change to the cap must be applied West-wide.
PNW parties and Duke were willing to settle with region-specific caps but FERC rejected that concept in favor of a single, West-wide value.
Alan Comnes Relevant Passage: "Effective on the trading day following the date of this order, through April 30, 2002, we will suspend the methodology used to calculate the current mitigated price and substitute the following West-wide winter season methodology.
As a starting point, the mitigated price will be set at $108/MWh.
This is the actual mitigated price set using the current methodology during the last reserve deficiency on May 31, 2001, based on a gas index of $6.641/MMBtu, a generating unit with a heat rate of approximately 15,360 Btu/MWh and $6.00 for the O&M adder.
The new interim mitigated price will supersede the existing mitigated price (approximately $92/MWh), which was set at eighty-five percent of the originally calculated $108/MWh mitigated price for application during non-reserve deficiency hours.
We find this adjustment necessary to set the price for the winter period and to track changes in the gas indices.
The winter formula will maintain the current heat rate and O&M adder.
The one variable in the formula will be tied to the current average of the mid-point for the monthly bid-week index prices reported for SoCal Gas (large packages), Malin and PG&E city-gate.
Under the winter season formula, the mitigated price will be recalculated when the average gas price rises by a minimum factor of 10 percent (e.g., to $7.305/MMBtu) effective for the following trading day.
The formula will also track subsequent cumulative changes of at least 10 percent (including reductions of 10 percent, but not less than a floor of $108/Mwh).
Effective on May 1, 2002, the summer methodology will be reinstated along with the current mitigated price of approximately $92/Mwh for non-emergency periods."
| Details on the West-wide Price cap: now $108/MWh through April 30, 2002. |
IMPORTANT NOTICE - Implementation of OASIS Reports December 19, 2001 ISO Market Participants: The November 7th and November 20th FERC decisions require additional information to be provided to Market Participants through OASIS.
The following is the current implementation schedule: OASIS CERS Transition Tab Location New Report Name Effective Date Item Number* System Load System Loads by IOU 12/01/01 B.1.c, B.2 Ex-Post Real-Time Imbalance Energy Price Summary 12/13/01 B.1.d, B.1.e, B.1.f Transmission Branch Group Congestion Market Summary 1998 B.1.g Ancillary Service Ancillary Service Summary Report 12/12/01 B.1.h Forecast Forecasted Imbalance Energy Requirements 12/12/01 B.3 To Be Determined Muni's Hour Ahead Load Schedules To Be Determined** B.1.a To Be Determined Hour Direct Access Load To Be Determined** B.1.b * CERS Transition Item Number refers to information provided in the CAISO Market Notice "Changes to Provision of Data to CERS" dated November 30, 2001 ** Implementation Schedule is expected to be released in the next week.
Specific report details and data definitions are provided in the OASIS Glossary of Terms, accessible from the OASIS Home Page.
Client Relations Communications.0921 CRCommunications@caiso.com
| Subject: CAISO Notice - Implementation of OASIS Reports |
Confidential: For Internal Distribution Only The purpose of this e-mail is to bring everyone in the loop on activities on the west desk that we are undertaking to preserve as much value in our book as possible.
I realize that our efforts to date have not been communicated to all internal people who need to know what we are doing.
My apologies for this.
Hopefully this e-mail will accomplish that goal.
A number of counterparties in the west have not yet terminated our deals and have benefited from our inability to procure power in the market to serve these deals.
As a result, we haven't been delivering on several contracts that are deep in the money.
Our counterparties have no motivation to terminate our contracts because such a termination would force them to write us a substantial check.
Instead, these counterparties have been happy to not receive high priced power from us and are filling their positions in the market at much lower prices.
We have taken the limited supplies that we are still receiving and delivering these limited supplies to the highest price sales contracts that we have.
We now have the ability to prepay for additional supplies in order to fulfill additional pre-petition obligations that have not yet been terminated that are in the money.
We have received approval from the Cash committee for purchases through December 27th (I think) and we will secure additional cash to continue on.
Here are the procedures as I understand them.
If you have any questions or modifications please me an e-mail or give me a call.
Cash Desk Each cash desk needs to identify all transactions in its region that have not been terminated.
On a counterparty by delivery point basis we need to assess whether the weighted average of all near term (next day to next week) deliveries with that counterparty are in the money.
If the average of all transactions with that counterparty at a given location are in the money, we should submit a request for and endeavor to serve the entire portfolio of deals with that counterparty at that delivery point.
We are of the opinion now that we will not be able to cherry pick deals with one counterparty at the same location.
The cash desks should prepare a two week view of the positions that we will need to fill and an estimate (based on spot market prices) of the cash that we will need to serve these transactions to Steve Thome.
The cash desk should provide a daily list of prepay deals that have been done to John Postlethwaite via e-mail.
The cahs desk should provide a list of all historic prepays done so far to bring John current.
Marketing Desk Steve Thome will coordinate the cash approval process for the west desk.
The marketing desk is responsible for lining up counterparties who will be willing to supply us on a prepay basis.
The marketing desk should direct any legal questions from sellers to Steve Hall/Christian Yoder.
Make sure that sellers fax a copy of the confirmation letter to Steve Hall/Christian Yoder at (503) 464-8058.
The marketing desk needs to work with the cash desk to buy power on a spot basis.
We don't necessarily care who buys it, but rather, we want to ensure that we receive the best price and that all purchases are communicated.
Whoever secures a supply needs to communicate the need for cash to Steve Thome.
Deal Entry The new deals need to be entered in a manner that will be possible to settle.
After discussing the matter with Stacey White, she recommended entering the new deals in Enpower as zero price, non MTM, with an annuity equal to the prepay amount.
We should enter notes into Enpower indicating that these are prepay transactions.
This will allow settlements to match an annuity in Enpower with prepay out the door.
It will also prevent them from paying the counterparty twice.
I'm sure that I've missed something.
Let me know.
Regards,
| New West Power Deal Info |
We have reached resolution regarding the parking and mass transit issue.
Until notified otherwise, the parking and mass transit subsidy will continue as an employee benefit.
For those who have a payroll parking deduction, your deduction has been stopped.
No deduction should occur on 12/31/01 payroll.
In addition, you should receive a credit for the deduction taken for the 12/15 payroll.
For those who incurred any out-of-pocket parking costs during the month of December, you may expense up to $89 for reimbursement.
Beginning 1/1/02, parking and mass transit will continue as follows: WTC Parking: You should receive your parking pass in the mail.
Payroll deductions will begin on the 1/15/02 paycheck.
(No Action Req'd) Outside Parking Lots: Park at lot of your choice and pay out of pocket.
Request reimbursement of up to $89 per month.
(No payroll parking deduction will occur) Tri-Met and MAX employees: Passes are available for January.
If you would like to pick up your pass, please see Debra Davidson.
NOTE: Extra Tri-Met passes are available.
If you would like to select mass transit as your parking option, please notify either Grace or myself before Friday, 12/21/01 EOB and we will insure a monthly pass is available.
Validations: We will no longer validate parking passes, however, you are able to reimburse up to $89 per month for daily parking.
If you have any questions, please let us know!
ENA Human Resources Julie Kearney 503) 464-7404 Grace Rodriguez 503) 464-8321
| Parking & Mass Transit Resolution |
ISO Market Participants SC Settlements Contacts The ISO has corrected the problem with the Imbalance Energy Price Summary published on ISO OASIS.
The data published now is correct.
Client Relations Communications.0715 CRCommuncations@caiso.com <mailto:CRCommuncations@caiso.com>
| CAISO Notice - Real Time Prices on OASIS Are Now Correct |
Start Date: 12/15/01; DayAhead market; No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.
LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121516.txt
| Start Date: 12/15/01; DayAhead market; |
Due to staffing levels it has been decided to scale back administrative phone coverage hours for the next two weeks.
Effective immediately through December 31, 2001, phones will be covered from 8:00 AM to 5:00 PM.
Thank you for your patience and understanding.
Chris and Tim
| Phone Coverage |
The attached schedule contains a forecast reflecting the delay in meter installations -- which are currently on hold.
New schedules of priority meter installs are now being prepared by Murray ONeil's group and will be included in future forecasts.
The impact of meter delays lowers load totals by averages of approximately 30 mW.
Please call if you have any questions regarding these changes.
| EES CA SCHEDULE for 12/16 and 12/17/01 |
The attached schedules have been generated with adjustment factors to reflect apparent over-estimation of customer loads, based on an analysis of EES meter data by Tim Coffing and on comparisons of past metered loads to previous forecasts produced.
The impact of the adjustments lowers load totals by averages of approximately 100 mW in the NP15 zone and another 50-60 mW in the SP15 zone.
These adjustments, which will continue to be refined with further analysis, have been discussed with Tim.
Please call if you have any questions regarding these changes.
| EES CA SCHEDULE for 12/16 and 12/17/01 |
Market Participants The attached notice describes changes going into effect at 23:59 tonight regarding discontinuance of non-public information flow to CDWR and also a new procedure for payment of Intertie bids.
Please pass this message immediately to all departments that could be involved in real-time bids and dispatches in the California markets.
Client Relations Communications CRCommunications@caiso.com
| ISO Market Notice: Changes Effective Tonight, December 12, 2001 |
Ex Government Affairs staff Guerrero and Cantrell are mentioned in this .... December 12, 2001 Victims and Champions of a Darwinian Enron By DAVID BARBOZA OUSTON, Dec. 7 - After an accounting scandal, a bankruptcy filing and mass layoffs, Enron (news/quote) has gone from model of management vision to case study for management obfuscation.
Only one group of true believers remains: the people who worked there and just got burned there.
They may be in a minority.
After all, 5,600 people have been thrown out of work in the midst of a recession.
Most employees lost a huge part of their retirement savings as the value of their Enron stock evaporated.
Many are furious at what they view as bungling or worse by top management.
Even so, a surprising number of former employees lament the end of an entrepreneurial culture that more closely resembled a start-up than a Fortune 100 behemoth.
That culture encouraged creativity and rewarded new ideas that worked, they say, even though its dark side, an almost manic drive to experiment with new methods and conquer new markets, resulted in its downfall.
Where, they wonder, can they go from here?
"Innovative is a clich?, but that's what Enron was," Brandon Rigney, who operated the company's Web site, said on Thursday.
"This is four days gone from the place, and I'm already in withdrawal."
Enron, which began as a gas pipeline company and transformed itself into the world's largest energy trader in the 1990's, created an associate analysts program modeled after Wall Street investment banks.
Each year, it tapped 450 college graduates, half of them M.B.A.'s, to spend three years in rotating jobs at all parts of its empire.
It also gave workers opportunities to start new business units.
The company's energy trading platform, Enron Online, was created a few years ago by a 29-year-old gas trader.
It quickly became one of the most profitable divisions.
In recent years, the company came to be dominated by young people like Jeff Shankman, a Wharton School graduate who joined the company at 24.
By age 34, he had become president and chief operating officer of Enron Global Markets.
Mr. Shankman, who has just left the company, said Enron was special because it "didn't have a corporate hierarchy to encumber creativity."
Management experts like Gary Hamel praised Enron for breaking with convention and turning regular employees like the 29-year-old gas trader into corporate entrepreneurs.
And Fortune magazine named it America's most innovative company for six consecutive years.
The corporate makeover was largely the work of Jeffrey K. Skilling, who resigned as chief executive in August only six months after being promoted to the job.
Under Mr. Skilling, a former McKinsey & Company consultant, the company tested new strategies, like structuring its corporate culture to mimic the marketplace.
"You could come up with an idea and get people excited," said Janel Guerrero, 33, who worked in Enron's government affairs department, noting that a friend in the broadband unit went to top executives with an idea and Enron started moving on it quickly.
"You didn't ponder; it was about acting very quickly and it was about being a first mover," she added.
Enron rapidly created ventures to trade everything from energy, paper, pulp and lumber to broadband and advertising.
But quickness sometimes exacts a price.
Some ventures went broke, like Azurix (news/quote), its spinoff water company.
The broadband unit lost about $1 billion.
"When top management got into broadband, metal, steel, pulp, we thought it was innovative," Mr. Rigney said.
"When people said, `We'll trade water and waste water - that's the future,' we said, `That's cool.'
I didn't hear dissent in the ranks.
But I drank the Kool-Aid with everyone else, even though it made my head throb."
Indeed, the expansion into new areas drained the profits of the successful energy trading operations, critics say.
Undone by shaky accounting and too much borrowed money, the company collapsed last month.
But even near the end, it was buzzing with new ventures.
"I just got here five months ago," said Fred Radvansky, 38, who was attending a Houston job fair.
"I was part of a group of about 70 people.
We were rolling out a new Enron model.
We were going to start trading freight."
If inventiveness flourished at Enron, the freewheeling environment there also encouraged other and less agreeable impulses: cutthroat competition and management arrogance.
"It was kind of like a dot-com phenomenon," said Harvey J. Padewer, president of energy services at Duke Energy (news/quote), a big utility.
"They created a kill-and-eat culture."
Mr. Rigney, the former Web site operator, remembers it well.
"People tried to take work away from you," he said.
"There was a Darwinism for ideas, for projects."
That undermined the company's health, critics say.
For example, it is widely believed that compensation for the people who negotiated deals with other companies was based on the size of the transactions rather than their long-term effect on the bottom line.
Annual reviews aimed at weeding out the least productive 5 to 10 percent of the work force damaged morale, and some longtime employees felt unwanted.
"There were all these M.B.A.'s coming in and they were evaluating things differently," said Becky Cantrell, who worked on regulatory matters.
"I was one of the oldest people at 55.
When I saw someone my age it was a relief."
For all the doubts some employees harbored, others reveled in the derring-do atmosphere even after Enron's financial fall, and cringed at the prospect of being acquired by Dynegy Inc. (news/quote), a stodgy Houston electric utility.
"They bragged about being a meat-and-potatoes company with people who went to the University of Nebraska," one former Enron employee said.
"We had all these hyperactive Harvard and Stanford types.
It would have never worked."
After the merger fell apart, Enron filed for bankruptcy protection on Dec. 2 and laid off about 4,000 employees in Houston.
Over the next few days, television crews filmed weeping employees streaming out of the headquarters and carrying boxes of personal belongings, even as construction workers put finishing touches on Enron's shimmering new 40-story headquarters office tower.
Some got word of their dismissal via voice mail.
Others are still packing up and wondering.
"I don't think Enron will ever be recreated," Mr. Shankman said on Thursday, sitting on a nearly empty trading floor that was built for 500 people at Enron.
"Maybe we got into some businesses too quickly and too early."
Enron officials and management experts insist it was not the corporate culture that brought Enron down; it was accounting mistakes or the ballooning debt of hard assets, like projects in Brazil and India.
Those facts may now be plumbed by business school case studies.
In the meantime, some former employees have created Enron alumni Web sites.
Others are writing letters to The Houston Chronicle about how, for a brief time, they thought they were part of something special.
"Enron was what I thought epitomized a global `American Dream' of sorts," wrote Kathy Walthall, a former Enron contractor.
"By far the best days of my career were as a consultant for Enron.
The environment was an extreme rush.
Very busy, very progressive and innovative."
But Ms. Walthall said she was also outraged at the board for allowing the company to fall so swiftly.
"I really hope the company turns around," she wrote.
"But I know it will never be the same."
Copyright 2001 The New York Times Company | Privacy Information
| Enron Victims and Champions of a Darwinian Enron |
We have two positions open for Trading Assistants with UBSW Energy.
One will work for Jeff Richter and Chris Mallory on the Cash Trading desk and one will work for me and Mike Swerzbin on the Term Trading desk.
In short, the Trading Assistant helps the traders run EOL markets, provides analytical support, prepares daily market summaries, reviews trade press for pertinent information, performs checkouts with brokers and counterparties, assists in pricing new deals.
Please send an e-mail to Amy Fitzpatrick by noon on Tuesday expressing your interest.
This position is open to both Enron and UBSW employees.
Tim Belden
| Assistant Trader Position Open |
Dude....remember the beer cheese soup?
Well, as you know, the wife is due with our 2nd child in May.
Well, she had a craving today for beer cheese soup --just like the stuff @ Harborside restaurant.
| Harborside Restaurant - Portland, OR |
Our Director of Corporate Travel has informed us that American Express will not be able to establish a new Corporate account for us at this time.
Until we are able to obtain company-sponsored credit cards, when incurring company expenses it will be necessary to use personal credit cards or cash, which can then be submitted for reimbursement through the expense report system.
You may want to refrain from incurring any reimbursable expenses until we receive further assurances from the company that they have the processes in place to pay them.
As information becomes available about administrative operations, I will relay it to you.
Please contact me if you have any questions.
| Update on Credit Card Use and Company Expenses |
Start Date: 2/5/02; DayAhead market; No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.
LOG MESSAGES: ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020516.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020516.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020516.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020516.txt is empty.
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020516.txt
| Start Date: 2/5/02; DayAhead market; |
MARKET NOTICE December 7, 2001 Enron's New Scheduling Coordinator ID ISO Market Participants: Effective Trade Date Tuesday, December 11, 2001 Enron Power Marketing, Inc. will begin scheduling energy trades and bids under a new Scheduling Coordinator ID.
The former Enron SC ID, EPMI, WILL NO LONGER BE VALID.
The new SC ID will be ENRJ.
ALL Enron Power Marketing, Inc. related scheduling transactions within the California ISO scheduling systems will use the new SC ID beginning with submission of Day Ahead schedules on Monday, December 10th for Trade Date, Tuesday December 11, 2001.
Transactions associated with Enron Power Marketing, Inc. (EPMI) that take place from December 2nd and the change date, Dec. 11th, will be manually adjusted in the ISO Settlements systems and will be reflected accordingly to include the new Scheduling Coordinator ID, ENRJ.
As a result, Preliminary and Final Settlement Statements for Trade Dates December 2, 2001 through December 11, 2001 (and forward) will reflect the ENRJ SC ID.
| CAISO Notification: New Enron Scheduling Coordinator ID |
AT&T may begin suspension of some Enron Corporate cell phone accounts beginning Friday, 12/7.
All remaining Portland cell phone accounts will be terminated no later than 12/11.
Individual cell phone users may keep their phone and phone number by accepting financial responsibility for the account going forward.
You may convert your phone to a personal account and request the same phone number or request a new one.
Susan Nothnagel, AT&T Representative, will be here on Friday, 12/7, 1:00 p.m. - 4:00 p.m. to answer any questions and switch your cell phone to a personal account upon request.
If Friday is not convenient Susan will stop by next week as needed.
AT&T will waive the activation fee to change the account.
Management approved cell phones are eligible for expense reimbursement, based on business need.
Please see your manager regarding cell phone reimbursement.
Regards,
| Cell Phones |
You have many questions about how the bankruptcy will affect you personally.
The HR team is endeavoring to answer these questions.
Due to simple logistics, answering each question individually is very difficult.
We are working to solve this issue by compiling answers to the important questions concerning employee benefits, expense payments and so on.
Answers to the most frequently-asked questions will be posted on the corporate website at www.enron.com.
Click on Information for Enron Alumni Affected by Chapter 11 Filing </corp/alumni/> .
These Q&A Facts are regularly updated as soon as accurate and factual information is received.
In addition, we will have updates on 1-800-97-ENRON.
(Option 9) If you have questions that have not been answered, please submit them to the following email address: questions@enron.com A team of people will be answering these questions and posting answers on the above sites as soon as possible.
The HR team will also be posting initial Q&A's within the next few days on www.home.enron.com for our current, retained employees.
Thank you for your patience as we work through the complexities of the situation.
Julie Kearney 503) 464-7404 julie.kearney@enron.com
| Q&A Process |
Attached are the Q&A's published by corporate.
These Q&A's are targeted primarily to terminated employees.
More Q&A's concerning our current employees are in process and will be distributed as soon as possible.
We will try to address your questions at the floor meeting scheduled for 1:00 PM.
The call-in number for the meeting is 1-800-820-4690, code: 7012645# Julie Kearney
| Q&A's |
MARKET NOTICE December 5, 2001 CAISO Antivirus Program ISO Market Participants: As you know, yesterday (December 4, 2001) hundreds of thousands of e-mail users were hit by the "Goner" worm virus.
Unfortunately, e-mail messages from the ISO inadvertently spread this virus to many of your work stations.
The ISO is very concerned that it not spread such viruses either within the CAISO or to the ISO's Market Participants.
We sincerely regret any inconvenience this may have caused you.
Several Market Participants have asked about the ISO's procedures for protecting against and responding to computer virus attacks.
We would like to update you on our procedures that allow the ISO to detect a virus, isolate it quickly, implement countermeasures until the antivirus upgrade is available and clean and restore our systems (servers and PCs).
The California ISO sends and receives thousands of electronic messages every day because of who we are and what we do.
During the normal course of business, the majority of these messages contain attachments exchanging and providing information.
One method used by malicious programs (Viruses, Worms, and Trojan-Horses) to spread is by electronic mail.
It is the attachment that carries the malicious program, not the email itself.
So, when a user opens an infected executable file, the malicious program is activated and initiates what it is programmed to do.
Examples of executable files that may be infected include, but not limited to, Word documents (.doc), Excel spreadsheets (.xls), or Visual Basic files (.vbs).
CAISO's Antivirus Program uses a three-tiered approach where scanning (detect, clean or delete) is performed on email messages with attachments at the Gateway Servers, the Mail Servers, and Users' PCs and Laptops.
All incoming and outgoing email with attachments are scanned for all known viruses.
That is a key element of an antivirus program.
New viruses or new strains of computer viruses, worms, and Trojan-Horses are discovered at an alarming rate.
Antivirus manufacturers try to keep up with the new discoveries and try to be the first to market with the updates.
There are over 50,000 known active viruses circulating the Internet today.
On December 4, CAISO experienced a malicious program--Goner Worm--attack
| CAISO Notice - CAISO Antivirus Program |
MARKET NOTICE December 5, 2001 In Re: California Independent System Operator Corporation Docket Nos.
ER01-3013-000 and ER01 889-009 Compliance Filing Changes to Provision of Data to CERS Modification to November 30, 2001 Market Notice Modified Implementation Schedule - Changes to Provision of Data to CERS ISO Market Participants: On Friday, November 30, the ISO issued a market notice providing the ISO's schedule for complying with the Federal Energy Regulatory Commission ("FERC") November 7 and 20, 2001 orders, that require the ISO, among other things, to stop providing information to the California Department of Water Services, California Energy Resource Scheduling ("CERS") which is not also provided to other Scheduling Coordinators ("SCs").
The ISO has accomplished all milestones as listed through December 3, 2001.
The transition planned on December 6 has been shifted until next week.
The ISO is making every effort to insure that the transition is a smooth one and seeks some additional time to work with the resources in the California market to gain their cooperation with provision of inc and dec bids at reasonable prices.
Specifically the items that were listed in Item 4 of the November 30 market notice to begin at HE 2400 on December 6, 2001 will now occur at 23:59 Wednesday night December 12, 2001.
They include: a.
The ISO will halt the preferential provision to CERS of the ISO Forecasted net short in the BEEP Stack; b. CERS will no longer engage in OOM purchases; and c. The ISO will dispatch all available Energy from bids in the BEEP Stack for both resources prior to the ISO making OOM purchases.
Client Relations Communications.0920 CRCommunications@caiso.com <mailto:CRCommunications@caiso.com>
| CAISO Notice - Modified Implementation Schedule - Changes to Provision of Data to CERS |
I am inviting some Enron folks over for drinks and a light supper buffet this Sunday around 3:00 pm, finishing up in time for a good night's sleep.
I hope you can attend, but don't feel obligated.
Kids/spouses/significant others are invited.
Don't worry about bringing anything.
Let me know if you plan on coming by responding to this e-mail.
| Get-Together at the My House this Sunday |
If you guys have been keeping up, you know Enron Europe is waving the white flag and shutting down.
Our email addresses (and our jobs!)
are being deactivated as of midday tomorrow, so you can reach us at:
| C'est la vie! |
I regret to announce that Jeffrey Oh tendered his resignation from Enron this morning effective immediately.
We are sorry to see him go.
Please join me in wishing him well in his future endeavors.
| Jeffrey Oh Resigns |
Send to your favorite counterparty.
Enron Receives Dynegy $1.5B Cash Infusion Tues. >DYN ENE By Christina Cheddar 11/14/2001 Dow Jones News Service (Copyright (c) 2001, Dow Jones & Company, Inc.) NEW YORK -(Dow Jones)- Dynegy Inc. (DYN) provided Enron Corp. (ENE) Tuesday with the $1.5 billion cash infusion envisioned in the companies' merger agreement, a Dynegy spokeswoman said.
Dynegy received preferred stock and other rights in an Enron unit that owns the Northern Natural Gas pipeline in return for its investment.
The cash infusion, which was made with the assistance of Dynegy's largest shareholder, ChevronTexaco Corp. (CVX), is aimed at providing Enron with additional cash liquidity to support its core energy marketing and trading operations.
The rights provide Dynegy with the option to acquire the pipeline unit should the two companies fail to complete their merger.
The deal, which still needs shareholder and regulatory approval, is expected to close within the next six to nine months.
Dynegy is acquiring Enron for 0.2685 of a Dynegy share, or about $10 billion based on the recent price of Dynegy shares.
The acquisition of Enron by its smaller rival follows a series of disclosures about Enron's financial dealings with partnerships run by some of its corporate officers.
The dealings are under investigation by the Securities and Exchange Commission and at the center of more than a dozen of shareholder lawsuits.
During the last month, Enron watched as its share price sunk to a small fraction of its earlier levels as shareholder confidence in the trading company evaporated.
As credit-rating agencies began to cut Enron's debt ratings threatening the company's investment-grade status, the company scrambled to raise additional cash to shore up its balance sheet and protect confidence in its business.
Industry experts viewed Dynegy's cash infusion as one way the companies sought to bolster confidence in the energy trader's liquidity, and protect its most valuable business.
In a conference call earlier Wednesday, Enron said its core energy trading business has been temporarily hurt by the uncertainty created by recent events.
According to Dynegy spokeswoman Jennifer Rosser, the preferred stock Dynegy has received for its investment in Enron is convertible into the common stock of the Enron pipeline unit.
Dynegy also has the right to convert the preferred stock into Enron shares if it desires, the spokeswoman said.
For example, if Enron were to cancel its merger with Dynegy in order to accept a higher bid from another suitor, Dynegy might decide to convert its preferred shares into Enron stock in order to reap the profits created by an increase in Enron's stock price, Rosser said.
In either case, Dynegy wouldn't be required to pay any additional consideration.
Dynegy was able to make the cash infusion after ChevronTexaco, of San Francisco, made an investment in Dynegy.
If the acquisition closes as anticipated, ChevronTexaco, which owns about one-fourth of Dynegy, plans to make an additional $1 billion investment in the combined company.
ChevronTexaco also has the right to purchase an additional $1.5 billion in Dynegy stock in the first three years following the close of the acquisition.
Enron officials said they are monitoring the energy market's reaction to the cash infusion, and hopes it will restore the confidence of its counterparties.
Enron remains on a credit watch at the credit-rating agencies.
Moody's Investors Service and Standard & Poor's each have Enron rated one notch above speculative grade.
| Enron Receives Dynegy $1.5B Cash Infusion Tues. >DYN ENE |
Dear Phillip, Our records show that you haven't visited us in awhile.
We know how busy life can be - and how hard it is to stay in touch with family and friends you don't see every day.
That's where we can help.
Here at MyFamily.com, we're creating special services to help you keep in touch with your friends and family - faster and for free:
| Keep in touch - faster and for free |
Hello!
On Saturday, November 17th the Eta Psi Chapter will be hosting Regional Initiation at The University of Houston in Melcher Hall.
Part 1 will begin at 1 pm so if you plan to attend, please come early.
After Part II, there will be a BBQ or Fajita dinner served at the Cougar Den.
The cost will be $15.00 per person.
The University of Houston is located at I-45 and Calhoun Road.
Melcher Hall is the business building on Calhoun Road between the Law School and Entrance #1.
The Deltasig office is in room 110E.
The phone number is 713-743-4923 if you have any questions.
| Space City Alumni: Initiation for Gulf Western Region |
Dynegy-Enron Deal Faces Significant Reg Review By Bryan Lee 11/08/2001 Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.) OF DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Any merger deal that may emerge between Dynegy Inc. (DYN) and Enron Corp. (ENE) will face a complicated and time-consuming regulatory-review process, legal experts said Thursday.
Any equity deal would require approvals from numerous U.S. federal regulatory agencies and state utility regulators, as well as survive Canadian and European antitrust reviews, energy attorneys contacted by Dow Jones Newswires said.
A merger would require approvals from the Federal Energy Regulatory Commission, Securities and Exchange Commission, Department of Justice and Federal Trade Commission.
And the Illinois Commerce Commission likely would weigh into the mix, since Dynegy owns Illinova's Illinois Power Co. Any effort to strike a deal quickly also could be complicated by Enron's ownership of Portland General Electric Co.
While Enron has entered into an agreement to sell the utility to Northwest Natural Gas Co. (NWN), a previous attempt to sell the company fell through because of regulatory complications.
A key issue for federal regulators scrutinizing a potential Enron-Dynegy merger will be the degree of electricity market concentration such a transaction would entail, the attorneys said.
Financially wounded Enron is the nation's largest electricity and natural gas trader with an extensive network of gas pipelines.
Dynegy is ranked sixth nationally in both electricity and natural gas marketing.
The transaction would receive the greatest scrutiny at FERC, where the merger application would challenge the commission's merger-review policy, attorneys said.
Racing Against The Liquidity Clock "Enron is a complicated beast," and an acquisition by Dynegy likely would "stretch FERC's limits of market-power review," one legal expert said.
The primary question the commission will consider is whether combining the companies will increase market concentration in wholesale power markets to an unacceptable level.
Also, FERC is in the process of changing the basis upon which it authorizes electricity sales at market-based rates, which could pose complications for a combined Enron-Dynegy down the road.
According to Platts Power Markets Week, Enron's market share in competitive power markets is nearly 15%, while Dynegy's is pushing 5%.
That makes the combined market share perilously close to the 20% threshold of concern under antitrust review.
But FERC will undertake a more complicated analysis than that, looking at both vertical and horizontal market power, attorneys said.
On a horizontal basis, there likely won't be much concern at FERC.
Enron owns few hard generating assets compared to Dynegy, although FERC will scrutinize generation assets that Enron doesn't own but controls the output of on a contractual basis.
It is in the vertical market power analysis where FERC's merger review gets truly complicated.
The commission will assess to what degree the combination of Enron's pipelines - including one that controls 23% of natural gas imported from Canada - and Dynegy's portfolio of electric generation assets present competitive concerns.
While Dynegy's pipeline holdings are far smaller than Enron's, it does have some upstream natural gas processing and gathering assets that FERC could view as problematic.
Never before has FERC encountered a vertical market power analysis of such scale and scope before, legal experts agreed.
Another aspect of the deal that will interest FERC, according to one attorney, is Enron's Internet-based trading platform, EnronOnline, through which 25% of wholesale power sales are traded.
FERC has traditionally only looked at hard assets, but in recent weeks has indicated it intends to take a harder look at financial assets when considering market power issues.
But even if FERC doesn't take on the issue, the Department of Justice or the Federal Trade Commission certainly will when considering the antitrust aspects of the combination.
"These two companies are huge commodity traders.
Oftentimes they're trading in commodities that have nothing to do with energy," noted one attorney.
Antitrust agencies will scrutinize whether the combination could present market power concerns for nonenergy-related commodities as well as electricity and natural gas.
As if the complicated market-power reviews by FERC and antitrust agencies weren't enough, the deal also must pass muster at the Securities and Exchange Commission under the 1935 Public Utility Holding Company Act.
The Depression-era law restricts the geographic scope and nonenergy business holdings of multistate utility holding companies.
Dynegy is an exempt holding company under the act, since its utility holding is confined to one state.
It would have to register under the law and potentially divest assets to garner SEC approval as long as Enron still holds Portland General Electric, attorneys agreed.
The SEC review also is complicated by the 26% stake in Dynegy held by ChevronTexaco (CVX).
That investment was structured in a highly complex manner to avoid triggering regulation under the 1935 holding company act, according to a lawyer familiar with the deal.
Dynegy could structure the deal in several different ways in order to sidestep holding company act restrictions, according to a leading legal expert on the law.
Dynegy could take nonvoting or preferred stock with conversion rights contingent on Enron's selling the Oregon utility, the attorney said.
"There are ways to structure it short of a stock-for-stock deal, which is what most people think about."
Given the race against the clock driven by Enron's increasingly perilous liquidity crunch, such an investment sidestepping regulatory review may be the way the companies have to go in the near term.
"It's a run on the bank," the holding company act expert said.
A Wall Street analyst suggested that, given Enron's predominance in energy markets, concerned Washington regulators and politicians may choose to expedite the deal.
"Enron going down on the verge of winter is not a good thing," the analyst said.
"They may be more lenient if they can put a frigging tourniquet on Enron."
| Dynegy-Enron Deal Faces Significant Reg Review |
The World Trade Center has made arrangements with Bally Total Fitness to offer discounts to WTC tenants.
The current promotion includes 2 weeks of free visits and an 8-day guest pass.
If you are interested in taking advantage of this offer, please visit the Security Desk at 1-WTC.
Also, if you are interested in joining a membership facility and would like more information about the Enron's Fitness Reimbursement Program, or if you have any questions about the promotion with Bally Total Fitness, please let me know!
Thanks,
| Bally Total Fitness Offer to WTC tenants (that's us!) |
Serena, Attached is the new scheduling sheet to point to the new databases for the ESTATE.
The current Excel models will work until the final seperation between Enron and UBSW (Next Thursday).
I do not know who is responsible for the Estate scheduling, but fowarding it to you for now.
More than likely, the sheet I am sending you will not work since you do not have access to the database.
If you have the final answer to who will be doing the Scheduling the Estate, please send me and CC an Email to Sonny Seaton requesting access to SQDV001d Scheduling database.
Thanks,
| Estate Sch Worksheet |
2002 Training Calendar for Settlements and Scheduling Infrastructure (SI) Training Settlements and Scheduling Infrastruction (SI) Training classes are now available for registration for 2002.
The dates are as follows: Settlement Training Classes (class size limit = 40) January 15-16, 2002 April 16-17, 2002 July 16-17, 2002 October 15-16, 2002 SI Training and Testing (class size limit = 20) February 6-8, 2002 SI Training/February 12-14, 2002 SI Testing May 8-10, 2002 SI Training/May 14-16, 2002 SI Testing September 18-20, 2002 SI Training/September 24-26, 2002 SI Testing November 6-8, 2002 SI Training/November 12-14, 2002 SI Testing Registrations are handled on a first come, first serve basis, with priority given to new SC applicants.
Registrations are limited to two students per SC.
All classes are $500.00 per person with the exception of the first two attendees for new SC applicants.
Payment is due prior to class start date.
General agendas are attached for your review.
To register: Please complete the attached registration form(s) and return to jpayton@caiso.com.
<<SETTLEMENTS TRAINING REGISTRATION 2002.doc>> <<Settlements Agenda for mailing.doc>> <<SI TRAINING AND TESTING REGISTRATION 2002.doc>> <<SI Agenda for mailing.doc>>
| Training Schedule for 2002 |
Market Notice October 29, 2001 Market Participants: The ISO has been notified that effective HE0800 (beginning at 0700) October 30, 2001, CERS will no longer provide creditworthy backing of negative decremental energy bids and negative OOM sales (i.e.
any bids below zero dollars).
If for reliability purposes, the ISO needs a negative decremental energy bid, CERS has indicated to the ISO that it may back such bids on a case-by-case basis at its sole discretion.
Accordingly, in continuing compliance with FERC's orders, the ISO will not dispatch any negative decremental energy bids or any negative OOM sales absent assurances of creditworthy backing.
Please contact your Client Representative with any questions.
| CERS Update |
It was another epic adventure in Lake Tahoe as we "had it goin on"!
The skiing was great, the scenery fine and the laughs gut wrenching.
Don and I almost fell off the lift at Squaw Valley from Andy's cutting edge humor.
Here are the top ten lines from Ski Trip 2002.
10.
Ichiban...or is it Ichi-Bob?
9.
Hey Turch, put the yellow side up.
8.
They must only let you guys out once a year.
7.
My puppies are burnin!
6.
Oh Billie, Billie, Billie.
5.
One time?
Come on...one time!
4.
Hey Andy, what's that dirty t-shirt doing on the floor?
3.
Alright Tommy, we'll take you to McDonalds.
2.
Come right now, right now.
I make big big big offa.
1.
Yan Can Cook!
Ski Trip 2003 is tentatively scheduled for Jan. 29th - Feb. 2nd, 2003.
The venue will be Park City, Utah.
More details coming this fall.
Give me a call for more information and mark your calendars now!
| Ski Trip 2002 - The Aftermath |
According to Enpower Annuity #551808, EES was last billed in March for their $35,000/month scheduling fee.
An annuity should now be entered by Short Term California for April through September scheduling services.
Also, going forward, Short Term California will be responsible for entering in the monthly annuity.
Thanks,
| EES Annuity |
Dear Phil Your online pledge has been made to United Way.
If the following pledge information is correct, please take no action on this email.
If this information is incorrect, please contact Dorothy Bodino (212-251-2443), immediately.
| United Way Electronic Pledge Confirmation |
I have heard rumors that the spot prices web page has not been working correctly.
Do you know about this?
and if so, what was the problem?
Michael S. Tully Trade Floor Support, Portland (503)464-7790 Work (503)807-7862 Cell michael.tully@enron.com Meddle not in the affairs of dragons, For you are crunchy and good with mustard!
| Spot Prices Web Page |
With the expansion to the 4th floor, we have been allotted some additional parking spots in the World Trade Center building.
Currently, we have 6 spots available.
Based on the waiting list that was distributed on March 19, 2001, the following individuals have first option on these spots.
Karen Jones Caroline Emmert Sean Crandall Murray O'Neil Kathy Axford Jim Gilbert The cost of these spots are: Regular Parking $155/month Reserved Parking $185/month If you are listed above and are interested in parking in the WTC, please see me for a parking agreement form.
Just a few things to keep in mind..... 1.
Your spot is not transferable to another employee.
If you choose not to take the spot at this time, your name will remain on the waiting list.
2.
Payment for these spots can be done through direct payroll deduction or you can choose to make payments monthly and submit for expense reimbursement (total company cost covered is $84/month).
3.
A deposit of $20 is required for your parking badge.
Please make this check payable to PMC and return with your parking agreement.
Below is the waiting list and the order in which other individuals will become eligible as additional parking spots become available.
1.
Chris Stokley 2.
John Malowney 3.
Phil Platter 4.
Diana Scholtes 5.
Julie Sarnowski 6.
Lysa Tracy 7.
Les Rawson 8.
Jeff Richter 9.
Heather Dunton If you have any questions, please do not hesitate to ask!
Thanks-
| World Trade Center Parking |
You have been approved for access to the American Gas Association's website.
Your username is: aga12390 Your password is: gio15528 This username and password will supercede any that you may have previously received.
Thanks,
| Access to AGA.org |
Olla Me Amigo, Como estas?
(How is it going?)
PP I have not gotten a chance to call you and really talk so I thought I would drop you a line.
What have you been up to?
Are you having to work as long and as hard as when I left?
When are you coming to visit?
Right now we live next to a really nice and large green area where cricket is played on the weekends and next to the Royal Botanical Gardens.
There are several pubs bordering the green and they don't seem to mind you taking your pints across the street and drinking them on the green as long as you bring them back.
The weather has finally become really nice, much like Portland does about a month earlier.
We are getting settled in and used to the peculiar way of life here.
People seem to put up with alot of crap here and are really good about sort of enduring everything.
We went o a Texas Exes BRBQ a couple of weeks ago.
It was sort of fun but I guess I do not miss Texas enough yet to really care much.
I do miss Portland though.
Portland is a very easy city to miss because for the most part everything is so easy to deal with there.
little or no traffic, grocery stores open all night, you can bike around, it is very inexpensive compared to London.
Which reminds me....you would shit if you saw how expensive things are in London.
Al is doing great know that he is quiting Enron.
Yes that is right but do not tell anyone yet his last day is June 30th.
When I found out about it I felt really bad and sort of pissed off.
Oh well Enron's loss.
He shouldn't have a problem at all getting a job.
Speaking of which Rusty with Aquila is over here now as is Diem and Harvey and John Wartez with Williams.
Such a small world.
I told Al that he couldn't hang with working near me for more than 3 months because I was taking away the spotlight :-) Oh well...there is something else that will probably piss you off..I am writing this letter from the Madrid office.
I am down here doing some work since I am focusing on the Spanish market right now.
Everything here is going great.
I really enjoy working with Paul and the group that they have here.
You will definitely have to visit in the summer.
Good luck with everthing, take care and don't sweat the small stuff.
Cheers,
| PP Late |
Time is running very short.
Is your company prepared for Etag 1.7?
These are the minimum REQUIRED steps that must be completed prior to March 6, 2002:
| !!! OATI Etag 1.7 Minimum Requirements !!! |
Hey Phil, How have you been?
Things are somewhat better on this end.
Glad to see that your are staying with UBS....so am I. I do have a question.
I have seen your name listed as M. Platter.
I always thought your first name is Phillip.
Where does the "M" fit in?
Later, Pete
| Howdy! |
Chris and I would like to take this opportunity to update everyone on what = has been happening on the floor(s) during the last couple of weeks and what= is likely to transpire in the weeks to come.
I'd like to begin by apologi= zing for the lack of broad e-mail communications or floor meetings over the= last couple of weeks.
These have been very hard times and I know that peo= ple have wanted information.
It has taken us nearly a week to sort through= who will be part of the UBS Warburg team and who continue with Enron.
=20 In this e-mail I will explain: (1) who will be going to UBS Warburg, (2) wh= o do the people working for Enron work for and what are they expected to do= , (3) how will the physical separation between Enron and UBS Warburg happen= , and (4) when will the sale of Netco to UBS Warburg be completed.
In addi= tion to Chris Calger and me, the following Portland-based employees have ac= cepted positions with UBS Warburg: Last Name=09First Name=09Last Name=09First Name=09 Amador=09Susan=09Oh=09John=09 Anderson=09John=09Platter=09M=09 Bulbes=09Victor=09Postlethwaite=09John=09 Chang=09Fang-Tzu=09Richter=09Jeffrey=09 Chatterton=09Jill=09Robinson=09Donald=09 Crandall=09Sean=09Salisbury=09Holden=09 Cutsforth=09Diane=09Scholtes=09Diana=09 Dasovich=09Jeff=09Semperger=09Cara=09 Davidson=09Debra=09Sheidun=09Donna=09 Dean=09Craig=09Shields=09Jeffrey=09 Dunton=09Heather=09Slinger=09Ryan=09 Etringer=09Michael=09Solberg=09Geir=09 Gilbert=09Michael "Scotty"=09Steiner=09David=09 Gustafson=09Mollie=09Stokley=09Marlin "Chris"=09 Hall=09Stephen=09Swain=09Stephen=09 Heizenrader=09Timothy=09Swerzbin=09Michael=09 Kandaswamy=09Balachandar=09Thomas=09Jacob=09 Lackey=09Christopher=09Thome=09Stephen=09 Lee=09Eugene=09Van Houten=09Maria=09 Mallory=09Patrick "Chris"=09Villeggiante=09Theresa=09 McDonald=09Michael=09Wente=09Laura=09 Meyer=09James=09Williams=09William J=09 Meyers=09Albert=09Woodland=09Andrea=09 Mier=09Michael=09Yoder=09Christian=09 Nelson=09Kourtney=09=09=09 While there are a few people who are still making up their minds, the rest = of the people in our office will be working for the Enron estate.
It is no= t entirely clear to me right now what the management team for west power lo= oks like for the Enron estate now.
As I understand it, there are two prima= ry initiatives on the estate side that people in Portland may be a part of.= The first is the disposition of our development projects that are already= well under way.
Dave Parquet in San Francisco has been leading this effor= t together with the Portland asset development team.
This effort has been = ongoing since December.
The second is the disposition of our west power co= mmodity positions.
Jim Fallon is in charge of this for the entire company.= People working on this for Jim include Don Miller, Paul Racicot, Brad Ric= hter, Ed Baughman among others.
I have placed a call to Jim and to Paul to= get advice on how people in Portland should proceed.
I would recommend ta= lking to Ed, Brad, Paul, or Don to get direction.
I have placed a call to = several of these people to get direction and am waiting for a response.
I = am hopeful that they will designate a lead person in Portland to coordinate= the power procurement and delivery efforts.
As most of you know, the physical separation between UBS Warburg and Enron = has already begun.
People who will continue to work for Enron will be loca= ted on the 4th Floor, while UBS Warburg will occoupy the 3rd Floor.
We hop= e to make the moves to the 4th Floor by the end of this week.
Moves within= the 3rd Floor will take place the following week.
The UBS Warburg transaction is subject to one last pro forma regulatory hur= dle.
While I don't have an exact date, I am told that it will likely be on= or about February 6th.
Finally, I want to once again thank everyone for their help and cooperation= over the last few weeks.
These have been really horrible times as the Enr= on story continues to unfold in the news at the same time that people are f= inding out about their future with Enron and UBS.
I know that this hasn't = been easy for anyone.
I am deeply saddened overseeing the breakup of the a= wesome team that we have put together.
Whether you are going to UBS, remai= ning with Enron, or leaving the company, I wish everyone who worked on this= team the best in their future endeavors.
It has been a distinct honor to = work with each and every one of you.
Regards,
| Office Update |
Due to the tentative completion date of the UBS deal, I think it would be wise for me to resume the duties of scheduling the California book as of Monday February 4, 2002.
After meeting with Murray, I am under the impression that as of Wednesday you will be on UBS time and will not be doing the scheduling for the estate.
Let me know if you see a flaw in this plan, thanks, Serena Bishop
| California scheduling |
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 |
Phil Can you do me a favor and check to see if the 1-31 files are posted to Sparky before you leave tonight and then again tomorrow?
I'm curious to see if they somehow disappear overnight or if I'm just dreaming when think I post them daily.
I always check to make sure the files got across before I exit the program, so I can think of no reason why they would not be there when you open the site.
Please let me know and thanks.
Michael
| Sparky check |
OR4NE Night at the WinterHawks - Top 10 reasons to clear your evening on Sunday, Feb. 24, 2002, 5:00 pm and be at Memorial Coliseum: 10.
You want an excuse to go to a hockey game.
9.
You want to go with people you know you'll have fun with.
8.
You want to bring along additional people so we can have at least 50 people and get an official Winter Hawks hockey puck...to be utilized at a future event, like the Colorado game.
7.
You know far enough in advance to actually be ABLE to clear your evening.
6.
We'll get to see our name up in lights.
5.
The opposing team is Tri-Cities, an apparently very "physical" rival.
4.
We're NOT going on the same night as the church groups and cub scout troops.
3.
Tickets are only $11.50 per person and the theme is Dream Vacation.
2.
If it's a raving success, we'll go back for their Big XII night on March 15, with a pre-game banquet to schmooze with other Alumni groups.
And the #1 reason to go to the game is.
.
.
We can still wear our Husker red since they were smart enough to make the WinterHawk colors red, white and black.
GO BIG RED!!!!!!!
!
| OR4NE Night at Winterhawks Hockey |
I just heard from Chris Lue, UBS HR, regarding the UBS New Hire paperwork.
All New Hire paperwork must be completed before 3:00 PM TODAY, Friday, 1/25/02 or UBS will be unable to process your payroll.
These forms were distributed during the HR Benefit meetings held yesterday.
If you were unable to attend these meetings and are unsure about what forms need to be completed, please see either Grace or I ASAP.
Thanks!
| UBS Paperwork - ACTION REQ'D |
Kevin/Hunter We are short 4 interviewers for the ENA Trading Track Interviews on Thursday, November 1.
John asked me to contact you to get some more names.
Attached is the current list of interviewers we have thus far.
Rgds, Karen.
| gas & power interviewers Trading Track |
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| confirmation #87717 |
Below are the EPMI proposed bid/offer spreads for EES.
These are very aggressive markets given the liquidity issues and regulatory uncertainty that still exist in the Eastern Interconnect.
There are no other counterparties in the market that will consistently make the proposed 2-ways.
| EES Bid/Offer Spread, updated 01/17/01 |
The following is the understanding I have with Chris Calger regarding Scott Healy's involvement in East Power initiatives: Since Auburndale is effectively dead, Scott will no longer be involved on this project.
Scott will support the Haywood, Georgia, & Calvert City development site sales through Q1 2001, with East Power getting 100% of the P&L value and Scott Healy getting personal performance credit.
If Ben elects to continue to use Scott's services beyond Q1 2001, a value sharing agreement between Ben, Calger and myself will have to be agreed upon.
Jeff Ader will make a decision (after consultation with me) as to Scott's continued involvement on the fuel cell tax monetization and Dighton restructuring project.
If Jeff makes the decision that Scott needs to remain actively involved in order to close the transaction, a value sharing agreement will be made between Jeff, Calger, and myself.
The value allocation % will be agreed upon upfront within the next week.
If a fair value sharing agreement cannot be reached, Jeff will transition responsibility to another member of his origination team.
Chris - Do you agree with the above description?
| Scott Healy |
Dear Valued IssueAlert Subscriber, Keeping abreast of power plant activity is more complex than ever in today's changing utility marketplace.
SCIENTECH has developed a tracking tool to address the challenge.
The Generation InfoGrid is a concise and accurate account of all sales and construction within the electric utility industry since the introduction of deregulation several years ago.
Activity is tracked by company and furnishes the name of the power plant, its capacity, fuel type, purchase price and buyer's name.
The Generation InfoGrid is tracked daily and updated monthly so that it reflects the latest information available on the market.
It contains 43 pages and 222 transactions with an index of all companies involved.
I have attached a sample PDF of our Generation InfoGrid for your review.
If you would like more information about the contents of this report or our Strategic and Competitive Intelligence services, feel free to contact me via e-mail at jbrock@scientech.com or by phone at (505) 244-7607.
The Generation InfoGrid can be delivered immediately by purchasing online at: www.scientech.com/rci or to purchase this report via phone, call Maria Elena West at 1-888-972-8676.
Thank you,
| SCIENTECH's Generation InfoGrid |
Hello everyone, Not as many upsets this past weekend in the college and pro games.
Among the games that were commonly missed were, in the college games, Auburn/Georgia and Iowa/Northwestern; in the pros, Green Bay/Chicago, Miami/Indianapolis, and Oakland/Seattle.
Going into tonight's game, we have 4 people still alive for the money.
Larry Campbell, Dave Ryan, Kayne Coulter and Joe Quenet, all who missed 4 games.
Dave, Kayne and Joe picked Baltimore and Larry picked Tennessee.
Therefore, if Tennessee wins, then Larry will win outright.
If Baltimore wins tonight, then it will come down to total points scored.
Dave picked 24 points, Kayne has 29 and Joe had 56.
Dave will win with Baltimore and 26 or less points, Kayne will win with Baltimore and between 27 and 42 points, and Joe will win with Baltimore and 43 or more points.
We only had 22 entries this weekend, therefore the prize will be $66.
This coming week's games will be handed out tomorrow and due Thursday afternoon, since I will be off this Friday.
Here are the results from the games with the amount of games each person missed.
Andy Larry Campbell 4 Dave Ryan 4 Kayne Coulter 4 Joe Quenet 4 Paul Broderick 5 Joe Brewer 5 Joe Step 6 Robert Vargas 6 Andy Pace 6 Jacob Shupe 6 Rick Broussard 7 Clayton Vernon 7 Bryce Schneider 7 Gerald Gilbert 7 Dean Laurent 7 Carter Ellis 7 Daniel Jenkins 7 Diana Allen 7 Mauricio Trujo 8 Michele Wilks 8 Rudy Acevedo 9 Ashish Mahajan 12
| results of the football pool |
NYISO has made several new FERC filings, which are described below: ER02-194-000: Proposed tariff amendments to implement Interregional Transmission Pilot Program for generation redispatch in emergency conditions between the NYISO and the PJM Interconnection, L.L.C.
(Interventions/protests due November 16, 2001).
ER02-195-000: Revisions to NYISO's Market Administration and Control Area Services Tariff to revise the tariff's definition of Load Shedding.
The NYISO has requested a December 28, 2001 effective date.
(Interventions/protests due November 19, 2001).
ER02-209-000 Filing to continue the effectiveness of provisions in NYISO's Market Administration and Control Area Services Tariff regarding certain market power mitigation penalties.
The NYISO has requested a November 1, 2001 effective date.
(Interventions/protests due November 14, 2001).
Please contact me if you need any further information.
| FERC filings by NYISO |
I need to have a new folder set up under the new O drive, it is as follows: O:\Financial_Trading I should be listed as owner.
Also, please give the following people read and write access to these folders: Mike Maggi John Lavarato Dutch Quigley Larry May Jeb Ligums Andy Zipper Thanks for you help.
I need these set up as soon as possible.
Please call with any questions or concerns.
| New Folder to be set up |
Dutch It was great meeting you last Tuesday.
I really enjoyed working on the NYMEX Desk at TXU this summer and it was good to talk to you about trading and the natural gas market.
It looks like the bottom fell out of the market on Wednesday after the AGA number.
Our model was calling for an 82 so I think we were closer than most but not close enough.
Its a tough number to pin down as their adjustment to the 3 testifies.
Do you think there is a lot more downside in this market or do we need to wait til after hurricane season for another large sudden move downward?
Thanks for taking the time to speak with me and I look forward to speaking with you again soon.
Regards
| Thank You |
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