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Just got word from the lawyers: it's a go. | dev37 |
I need to talk to you about Wasaff's project when you get a chance .... | dev37 |
tomorrow, if possible,b ut not absolutely necessary. | dev37 |
Hope all is well. | dev37 |
Looks fine to me. | dev37 |
Dan, I assume you are comfortable with it. | dev37 |
LaRence is running up against the deadline for associates to be promoted or move out. | dev37 |
Here is my concern: LaRence has been worked for a number of people who ended up leaving the company: he worked for Dave Ramm at Enron Wind (Dave left). | dev37 |
He also worked for John Palmisano who also has left the company. | dev37 |
He ended up in a structuring group working for Brad Richter. | dev37 |
It's hard to sort out what happened there but perhaps because of LaRence's lack of interest in the area, which he apparently expressed to Brad, he has not done much structuring work and Brad is not inclined to promote him or keep him in the organization. | dev37 |
He has been told that he needs to find something now. | dev37 |
Could you guys look into this? | dev37 |
Perhaps we could either extend his deadline, or find him something through the redeployment process? | dev37 |
calendar | dev37 |
No problem | dev37 |
I made a couple of suggestions on slide 17: a wording change in the first bullet and I dropped ECT from the example list -- I think the EES and EBS examples are more alike and make the point more cleanly. | dev37 |
I think showing the ranges for MDs on slides 14 and 19 is fine. | dev37 |
I didn't see a reference to the possibility of an EMD level. | dev37 |
I think that's probably OK -- Jeff can still speak to it if he wants to when he discusses the ranges in the MD level. | dev37 |
Thanks -- I'm not on the VP PRC, but I will be in the group that reviews the results and does the MD ranking. | dev37 |
Hannon chairs the vp prc so you should make sure he has these too. | dev37 |
Also, Rick Shapiro is on the vp prc as are Scott Yeager, Steve Elliot and Ric DiMichele. | dev37 |
Also, I know you weren't thrilled with at least one outcome from Saturday's PRC. | dev37 |
If you want to talk about it or the process, give me a call. | dev37 |
Can Rick attend. | dev37 |
need one other person too | dev37 |
I agree. | dev37 |
It doesn't appear that we have the need for his skills that we had even a few months ago. | dev37 |
I see that you are in contact with Michelle Hargrave about next steps. | dev37 |
Anything you want me to do at this point? | dev37 |
Attached is a brief overview of the EGM business (I realize you probably already have this, Lisa). | dev37 |
This organization represents perhaps the biggest near term earnings growth opportunity we have as a company and one that will require our organization to develop expertise in new markets, new regualtory fora, and perhaps new countries. | dev37 |
From time to time, I'm sure we will all be called on to help out, so I'll endeavor to pass on any info I receive. | dev37 |
It's a little hard to tell precise numbers from the charts so I need a "call out" number from the charts ... | dev37 |
specifically,what happened to microsoft's turnover rate for how much stock decline -- eg did it go up 33% (from 9% to 12%) for "x" decline in the stock price? | dev37 |
It is tenure at the level (eg vp or MD) not with organization. | dev37 |
The color scheme looks good. | dev37 |
Mo - please set up a call | dev37 |
Cindy -- it seems to me we should use an HR distribution to get this out. | dev37 |
Let Mike and I know what you think. | dev37 |
Given the way the numbers came out, I guess we don't need the talking points, but we should still try to get to the bottom of this because we will be called on to comment to regulators and media. | dev37 |
Unless we have strong evidence to the contrary, it seems to me that wholesale markets are working .... | dev37 |
they are open and they are competitive. | dev37 |
On the other hand, retail gas markets suffer from the same problems as electric markets ... | dev37 |
they are not open, customers don't have effective choices and price signals don't get through, so there is no demand response when prices rise. | dev37 |
On the points raised in the attachment, I'm still not sure I follow point 4. | dev37 |
Also what does" electric disconnect" mean? | dev37 |
calendar and respond | dev37 |
FYI.... | dev37 |
Jane Wilson is our government affairs person in Mumbai. | dev37 |
calendar ... | dev37 |
also please RSVP for melissa and I to the Lay's party. | dev37 |
fine with me | dev37 |
I would very much like your help on this. | dev37 |
I agree that we should follow up on the others and if it doesn't work, then pursue some Bush people. | dev37 |
the evening before for Pres -elect Bush is a good idea too; can yu follow up? | dev37 |
Our recommendations on possible FERC Commissioners for Ken's next discussion with Cheney. | dev37 |
Question: why do we need from jan 8 to jan 31 to respond to staff comments? | dev37 |
I think we should squeeze that time dramatically to take a shot at Jan or early Feb resolution. | dev37 |
If there is slippage, I don't want our earliest target date to be the end of Feb. | dev37 |
calendar as fyi | dev37 |
Thanks for the idea. | dev37 |
I'll pass it on to Mark Metts | dev37 |
have we reponded? | dev37 |
I talked to Peggy and her messages seem to be the same as ours. | dev37 |
Call if you want to discuss. | dev37 |
Let me know what you think of the attached version. | dev37 |
See revised version attached and let me know what you think. | dev37 |
I like it. | dev37 |
Do you think we could aggregate information regarding EES' demand side management opportunities and prepare a release announcing the results of those efforts? | dev37 |
Normally, we wouldn't do such an announcement without a specific deal to report, but in light of the special circumstances in California perhaps we should consider it. | dev37 |
As we discussed | dev37 |
The Governor cancelled the meeting at the last minute. | dev37 |
Apparently, he was trying to schedule a meeting with Clinton and our meeting conflicted, so we were bumped. | dev37 |
We are trying to set a new time. | dev37 |
I will share with the Governor's energy advisor the information and recommendations all of you helped put together. | dev37 |
Thanks | dev37 |
This is very good work. | dev37 |
You make all the points we need to make without spraining anything in the process. | dev37 |
You have been doing a superb job under very difficult circumstances. | dev37 |
On another note: I don't know if you received my page, but the meeting with Davis was cancelled so I flew back to Houston. | dev37 |
We are trying to get another time, perhaps as early as this week. | dev37 |
Davis did meet with Greenspan and Summers, both of whom we had briefed extensively. | dev37 |
Rosie -- I'm not sure if this went through ... | dev37 |
I couldn't find it in my "sent file". | dev37 |
Karen -- attached are the documents I mentioned to you a minute ago. | dev37 |
We met with Gov Davis on Thursday evening in LA. | dev37 |
In attendance were Ken Lay, the Governor, the Governor's staff director (Kari Dohn) and myself. | dev37 |
The gov. | dev37 |
spent over an hour and a half with us covering our suggestions and his ideas. | dev37 |
He would like some additional thoughts from us by Tuesday of next week as he prepares his state of the state address for the following Monday. | dev37 |
Attached to the end of this memo is a list of solutions we proposed (based on my discussions with several of you) as well as some background materials Jeff Dasovich and I prepared. | dev37 |
Below are my notes from the meeting regarding our proposals, the governor's ideas, as well as my overview of the situation based on the governor's comments: Overview: We made great progress in both ensuring that he understands that we are different from the generators and in opening a channel for ongoing communication with his administration. | dev37 |
The gov does not want the utilities to go bankrupt and seems predisposed to both rate relief (more modest than what the utilities are looking for) and credit guarantees. | dev37 |
His staff has more work to do on the latter, but he was clearly intrigued with the idea. | dev37 |
He talked mainly in terms of raising rates but not uncapping them at the retail level. | dev37 |
He also wants to use what generation he has control over for the benefit of California consumers, including utility-owned generation (which he would dedicate to consumers on a cost-plus basis) and excess muni power (which he estimates at 3000MW). | dev37 |
He foresees a mix of market oriented solutions as well as interventionist solutions which will allow him to fix the problem by '02 and provide some political cover. | dev37 |
Our proposals: I have attached the outline we put in front of him (it also included the forward price information several of you provided). | dev37 |
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