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Continue to stay on top of TXU with frequent meetings with their management to maintain a close relationship with good communication.
dev12
9,904
Lets try and discuss Wed if possible.
dev12
9,905
i guess this is the answer to my inquiry on cypress issue-rick
dev12
9,906
great news!
dev12
9,907
i think the ad swap idea is one of the most creative things to happen around here in quite a while.
dev12
9,908
rick
dev12
9,909
Looks good to me.
dev12
9,910
Rick Buy (Please pass along to John S. )
dev12
9,911
Good job.
dev12
9,912
Keep moving it forward.
dev12
9,913
If moving forward it will improve.
dev12
9,914
Rick
dev12
9,915
I think you should arrange for a formal presentation of this material to myself and other folks in RAC.
dev12
9,916
I believe this is the direction of future risk control activity and all of us need to be updated.
dev12
9,917
Scheduling something after the board meeting would be helpful.
dev12
9,918
Tx Rick
dev12
9,919
Karen- please print this out.
dev12
9,920
I need to edit this.
dev12
9,921
Thanks, Rick
dev12
9,922
This slipped thru the cracks- are we still going to do?
dev12
9,923
Did you do it already?
dev12
9,924
Rick
dev12
9,925
did i send this to already?
dev12
9,926
fyi.
dev12
9,927
this was very contentious at India mtg w/ Lay & Skilling.
dev12
9,928
We need to understand what our exposure is.
dev12
9,929
You need to become our India expert.
dev12
9,930
Tx Rick
dev12
9,931
Kind of old but still relavent.
dev12
9,932
FYI Rick
dev12
9,933
Have had problems with my computer but I found this memo unread.
dev12
9,934
(May be because I have 2000 emails).
dev12
9,935
Should we still pursue this?
dev12
9,936
I know Jack is working on copper mines.
dev12
9,937
Maybe you guts started without me getting involved.
dev12
9,938
Lets discuss.
dev12
9,939
Rick
dev12
9,940
How is progress on this?
dev12
9,941
Rick
dev12
9,942
Mark- here is my response to your request.
dev12
9,943
Call with questions.
dev12
9,944
Goal: Total Foreign Exchange Exposure quantified and communicated to BOD.
dev12
9,945
Performance: Project completed with final tranche of results reported to Finance Committee Dec 11.
dev12
9,946
The notional exposure as well as impact on potential impact on earnings and CTA accounts have been quantified and reported to the BOD over the past year according to a schedule that has strictly adhered to.
dev12
9,947
Also, a template and process has been established to be able to easily report changes in the future.
dev12
9,948
Enron has never had a comprehensive review of FX exposure prior to this activity.
dev12
9,949
As an aside, there has been a fair amount of hedging activity resulting from this effort.
dev12
9,950
Goal: Establish risk and trading control processes for risks unique to EES.
dev12
9,951
Performance: Systems have been established and monitoring controls are in place across EES.
dev12
9,952
A thorough study of the DSM business has been completed and the results presented to the Finance Committee.
dev12
9,953
A RAC task force has been put in place which has established a work plan consisting of 53 elements that EES has agreed to put in place to get the overall back office and trading and credit control systems where they need to be.
dev12
9,954
Significant progress has been made against these recommendations.
dev12
9,955
DSM projects have been spot tested with outside measurement firm and the results reported to EES.
dev12
9,956
These tests have highlighted focus areas to determine where the capital dollars are best employed.
dev12
9,957
Goal: Solidify the global risk management policy beyond Houston and London.
dev12
9,958
Performance: Complete and Ongoing.
dev12
9,959
During 2000, Project Doorstep was initiated by RAC which inspected every office within Enron to determine if trading was taking place and if so whether the Enron controls were being adhered to.
dev12
9,960
A data base system was developed to routinely prompt surprise inspections of these offices and also monitor if the recommendations are being adhered to.
dev12
9,961
Doorstep was a huge effort involving RAC, AA, and operations to really understand where we have risks.
dev12
9,962
It also helps in defining where we don't have responsibility such as EOTT, Azurix and The New Power Company.
dev12
9,963
test
dev12
9,964
fyi, rick
dev12
9,965
have been unable to return your call.
dev12
9,966
will do tomorrow.
dev12
9,967
it has been crazy here to say the least.
dev12
9,968
rick
dev12
9,969
No- the conclusion is incorrect.
dev12
9,970
The peakers help to mitigate the risk created by market positions.
dev12
9,971
Maybe just change the last sentence to read "Because the peakers offset the contract, the VAR is substantially reduced. " Rick
dev12
9,972
Just met w/ Skilling and Whalley.
dev12
9,973
Var for gas has temp increase of $15MM until next friday (12/15/2000).
dev12
9,974
Jeff is calling for an executive comm mtg to ask for an additional $40 MM of corp var until next wed (12/13/2000).
dev12
9,975
One issue is UK power will be over VAR everyday starting probably thurs or fri of this week, unless we increase them as well.
dev12
9,976
(They sweep retail deals into book once a week on this day).
dev12
9,977
This increase only needs to be $2-3- million.
dev12
9,978
Fasten seat belts and apply oxygen masks.
dev12
9,979
Rick
dev12
9,980
good info.
dev12
9,981
i don't believe there will be many more "ei" type asset acquisitions any time soon.
dev12
9,982
rick
dev12
9,983
Thanks, we are in bounds for the moment.
dev12
9,984
Rick
dev12
9,985
tx- caps were eliminated so this should improve??
dev12
9,986
rick
dev12
9,987
will not attend, tx rick
dev12
9,988
Send him what was in books but no notes.
dev12
9,989
Tell him it changes daily in a huge way.
dev12
9,990
Tx Rick PS I stopped down earlier to thank you for a great job on the BOD meeting.
dev12
9,991
See you at 4:30.
dev12
9,992
thanks, they do a great job and are an under-appreciated asset at enron.
dev12
9,993
rick
dev12
9,994
Per your voice mail I would like to defer 100% of my ECT Phantom Stock into the Stable Asset fund.
dev12
9,995
I only want to defer that which I have to defer due to my Section 16b status.
dev12
9,996
Thanks, Rick Buy
dev12
9,997
Probably a smart decision.
dev12
9,998
Rick
dev12
9,999
Need your help on the following: Each day we are delayed in finalising var, p&L and positions because the UK must wait for a USD interest rate curves before submitting their data to Houston.
dev12
10,000
I am also told that it is really not necessary to wait for this curve and the data could be submitted close of business London.
dev12
10,001
Even if there was some minor inaccuracy from this method it would be better than what we have now.
dev12
10,002
This would greatly improve the efficiency (by 4 to 6 hours) in reporting to senior management.
dev12
10,003