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My view is that it is worldwide, but that has to bheavily modified by the fact that most Enron employees (current and probablfuture) are here; while the US has many deficiencies in its education systegraduate education here is the best in the world; and we need to show rapidearly success (and that's best accomplished by sticking close to home at least initially).
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cc: Subject: Re: ENRON UNIVERSITY AFFAIRS Mark, Steve, I'd be happy to get us involved with this, but I'm not sure how we're handling non-North American University affairs.
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Please let me know and I'll follow up with Rajesh.
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Thanks!
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--Christie.
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If you can cover it I would say yes.
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It's a key race and we have been close to Ashcroft for years.
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Let's make sure he knows we gave it....
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we need to follow up with him.
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Last time I talked to him he basically recited the utilities' position on electric restructuring.
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Let's make it clear that we want to talk right after the election.
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How did this happen?
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I realize the group may go a different way with this, but I remain convinced that we should go to a pure number system (ie a pure relative ranking) and use the behaviors and skills descriptions as a way of discussing the differences between people.
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Just adding the qualifier "relative to peers" glosses over what's really going on.
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The behavior and skill descriptors tell everyone what is valued here and guide the discussion.
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The relative ranking lets us have the flexibility to meet business needs by getting tighter or "looser" on performance rankings, terminations, and comp.
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One of the things you should include in your report to Koenig and Frevert is our preliminary views on the RTO filings.
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Perhaps it's simply that we are not going to be satisfied until FERC forces nondiscriminatory access and we will object to every filing and fight every shortcoming.
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calendar and meeting file
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please check schedule and get back to Irwin's office.
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Washington would be fine ....
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there's always plenty to do there.
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I got a note from Ken asking that you and I have the first meeting and come back to him withrecommendations.
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I agree with the agenda you have set out.
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It may also be worth discussing how we can use the individual members of this group outside of the meetings with the Enron Exec Committee: there may be efforts elsewhere in the company which would benefit from the advice and input of members of the group.
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Thanks for the resume.
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I don't see a fit in government affairs, but I am forwarding to community relations to see if there is any interest there.
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Thanks for the update.
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I want to make sure we present the numbers in a morcoherent fashion than just laying out the individual RCs.
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You and I havediscussed this before; my recollection is that we were going to break out afollows: Administrative services Aviation building services new building ongoing government affairs Americas Other budgets retained at business unit level (explanation of shift in expenses from advocacy to transaction support/riskmanagement Brand advertising internal comm other PR I may be forgetting some of the subgroups we talked about, but this is thegeneral idea. Elizabeth Linnell Sent by: Elizabeth Linnell cc: Subject: meeting with Mark Lindsay I wanted to update you on my conversation this morning with Mark Lindsay regarding next week,s budget meeting. The format will be similar to last year,s. We,ll be receiving from Mgroup a consolidated spreadsheet of all of our budgets, grouping them by functionality and illustrating 2000 plan, 2000 estimate, and 2001 plan, andthe variances between. We will be covering the EPSC and Aviation budgetsduring the same meeting. Billie and I will get together on Friday to compare what the two of us have so far, and then we have a meeting set up for Mondamorning with you, Bill, Billie and me to go over everything in advance ofTuesday,s meeting. Points that Mark made (no surprises here): - Jeff has mentioned that he wants to see reductions in all corporate costcenters since our international activities look like they,re going away. (We have made significant reductions year to year on our international gov,taffairs and PR budgets, and I think we can justify that the other cost centers are primarily focused on domestic activities while the individualbusiness units budget much of those activities themselves.) - Even though we,re allocating more overall to the business units this year, Jeff will be interested in the gross budget numbers, before any allocations- We need to be able to explain any significant budget changes year to yea - Mark particularly emphasized the increase in the PR budget, most of whiis retained at Corp anyway - We need to be able to explain anything that we,ve inherited from thebusiness units that is now staying at Corp. This applies to the headcountthat we,ve picked up from ENA and from Int,l (Dennis, group). Lindsay mentioned that there,s a possibility that Causey may, in advance of our Tuesday meeting, meet by himself with Skilling to get a general idea ofwhere Jeff stands on the corporate budgets as they,ve been submitted so far, and then come back to us with instructions on any changes that need to bemade. If this is the case, we may have to make cuts before we get to preseour case. I'm working on our presentation based on that conversation and will forwardit to you as it progresses.
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Please schedule for Monday
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calendar
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I talked to Ken Lay and he will support Carol as VP.
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I have talked to Carol and she knows the process.
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We are going to take her up at the next Excom meeting.
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I don't think there is anything you need to do right now.
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Look at the last article ....
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any idea what the "rude awakening" might be?
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See Dow Jones newswire story at the end
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Please see attached.
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Can we be even stronger on this?
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The short answer is that Joe's resignatiohas no impact on our view toward India.
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The evaluation of our asset holdinand new business opportunities is the same the day after Joe's resignation as it was the day before.
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If need be, we can reiterate previous statements about our ongoing review of asset positions.
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What do you think?
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Mark Metts@Enron, Paula Rieker@ENRON cc: Mark Palmer@ENRON, Karen Denne@ENRON, Cindy Derecskey@ECT Subject: Sutton India Statement We expect considerable Indian media interest and attempts to interpret theimplications of Joe Sutton's resignation.
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In consultation with Mark Palmerand others, we have developed the following statement, which we intend to uonly in response to media inquiries.
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Please let me know if you have any comments.
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John For Enron Use ) Only if Asked Statement on Impact of Sutton Resignation on Enron in India Joe Sutton,s departure should not significantly affect Enron,s commitment to the Indian market.
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In fact, consistent with Enron,s new business lines, we are in the process of developing data centers and a fiber optic network inIndia.
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Of course, we continuously look to optimize the value of our busineinterests and there may be some related adjustments in our holdings, but weexpect to continue as a significant participant in the Indian market.
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If pressed: We are not able to comment on specific plans or operations, as it is our policy not to comment on the details of potential divestitures or acquisitions.
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Thanks, Nick.
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I am anxious to get out there soon.
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In the meantime I'll send a tape of my singing voice.
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I would drop the second sentence (it's a bit convoluted).
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I would also like to look at what else the ad says -- ie how are the quotes introduced, what other quotes will be used, etc.
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Please get the list of people I interviewed (and their resumes) from Allison Bailey and confirm with her that if the attached spreadsheet shows a "y" next to their name that means they received an offer (if "n" then no offer).
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I would like to email those i interviewed who recieved offers
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calendar
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The attached letter is being delivered this morning to the FERC commissioners.
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Since the letter concerns a matter currently pending before the commission it will also be served on the parties.
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We plan to talk to the press about it as well.
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A number of other companies and organizations are also submitting letters and we have helped prepare an EPSA filing which focusses specifically on California.
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Our best information at this point is that the FERC staff report regarding California is generally accurate, and therefore, favorable.
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While it will mention periodic exercises of market power, it is expected to lay blame for California's woes at the feet of California's own decisions about market structure.
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It is further expected that the report will not provide a basis for ordering refunds.
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On the other hand, the Commission's order (to be considered tomorrow along with the staff's report) is expected to at least put refunds on the table for comment and to discuss, and perhaps implement, further price caps.
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This is just our best guess at this point.
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the Commission has put special emphasis on putting the report and order under wraps until wednesday.
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My mistake, but no reason to stop the presses.
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thanks.
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the letter is already out, but we will be accurate in follow up calls and in press interviews.
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Any interest?
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Joe Hartsoe, Rick Shapiro, or Jim Steffes can fill you in on the details of what FERC did today.
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One question you need to think about is how their decision on price caps affects any contracts which we may have indexed to California's spot market.
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The way it reports the market clearing price will change fundamentally if prices over 150 will be accepted but not used to clear the market for all bids.
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So, if we are using this as a reference price in our contracts it may trigger the need to look for alternatives.
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I think paul has a number of good suggestions here.
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I think that tying rankings to clear objectives does not reflect the fluidity of our charge, though, and will lead to expectations which may not be met.
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I also feel strongly that the ranking needs to be a relative one -- I would go to a pure number system.
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We are going to need to assess at each PRC whether the organization is strong (in which case I think it's ok to have a disproportionate number of high ratings) or whether the organization has weaknesses that force us to grade tougher.
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You don't get that in an absolute system with preset expectations.
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I think your group in particular has done a good job of emphasizing team work ( and punishing those who don't play well) so we need not create a competitive or jockeying environment so long as that emphasis is communicated explicitly.
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I agree with Paul's points about giving clear, specific feed back (though I don't think we can give a clear target for what one must accomplish to be superior).
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I also like the idea of the abbreviated mid year PRC to deal with those we need to counsel more vigorously.
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I'm not sure we can get away with it but I am willing to give it a shot.
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I think Paul is to be complimented for taking time to focus on the larger organizational issues ....
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very vice presidential of him...
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no overstepping of bounds ...
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quite the contrary.
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I am out of town.
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Joe - can you attend?
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Please ask Ken to sign the following.
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But, in the Advisory Council letter delete the reference to the December Board meeting and check with Ken on whether he still plans to brief the Enron Board at the December meeting (I believe he talked to Kelly Kimberly about this).
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I think it looks good.
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a few suggestions though: I haven't read the whole reprt so I can't say for sure that it alleges no price gouging (make sure to forward this to Jeff ... my e-mail is slow on the road).
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We can say though, that instead of blaming generators and marketers the report blames the structure of the market for California's woes.
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I think we should shorten the quote to something like " the reprt is consistent with what we have said all along. We should say that the scheduling penalties part of the order will "penalize utilities for underscheduling" not predicting. Hedging is not about holding pirces down so much as it is about protecting people from wild price swings ... that's what allowing utilities to buy outside the spot should help do. (Also, my title is just EVP and Chief of Staff)
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Did Ken ask us to sponsor it or just consider it?
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