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Kay
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GE form contract, 1 1/2 hours.
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I'm going to be on this conference call (the David Tucker call) for a long time.
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Would you mind getting me a Diet Coke?
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I have the money in here, but I can't leave my desk.
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I should have thought ahead.
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Thanks!!!!!!
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Kay
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Is he availabe tomorrow?
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Once you get a picture of availability (maybe you have it all ready), ask Sheila what she wants to do.
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She may want to re-schedule for tomorrow morning.
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Kay
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Thanks.
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And thanks for the drink.
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That's it, just HAPPY BIRTHDAY.
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Hope no one is picking on you too badly today.
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Kay
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Hi Ben, Hope Day 1 of your daughter's illustrious academic career went well.
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We are hoping to meet tomorrow at 130 Central in 38C2 to discuss GE issues.
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Sheila says you won't be here quite that soon, but it would be very helpful if you could join us once you get here.
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Time permitting, we can discuss the ESA transaction once we are done with the GE stuff.
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See you soon, Kay
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We have scheduled a meeting to address the status of our discussions with GE, and develop an organized approach to some issues.
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The meeting will be held at 130 in EB 38C2.
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See you then, Kay
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FYI.
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FYI.
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Not dead yet.
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Ozzie and Heather are looking at some other possibilities.
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They don't want to lose momentum until it is clear that there aren't other viable alternatives.
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Kay Enron North America Corp.
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If these are men's sizes, I'm a small.
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Thanks, Kay
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Enron Pres: Still Committed to Power Generation Business Wednesday, September 6, 2000 12:49 PM ?Mail this article to a friend By James Covert NEW YORK (Dow Jones)--Despite an increasing emphasis on wholesale trading rather than asset ownership in its electricity operations, Enron Corp. (ENE, news, msgs) will continue to develop and purchase power plants, president Jeffrey Skilling told Dow Jones Newswires on Wednesday.
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"Generation assets are essential to a successful trading operation," Skilling said, responding to recent trade reports that the company plans to exit the power generation business.
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The Houston-based energy company is "absolutely not" selling its power plants as part of its strategy, he said.
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Enron will continue to build and purchase natural gas-fired "peaking plants," which produce power only during times of high demand and wholesale prices, Skilling said.
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Enron has begun construction of a few such projects in the U.S. Midwest and South, and will continue development chiefly in the U.S and Europe, he said.
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"The margins are higher (in wholesale power markets) in Europe," Skilling said.
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"The market there is more fractional, and that creates more opportunities for someone who's playing across the board."
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Developments in Europe, particularly in southern Europe, also offer a higher per-unit rate of return, Skilling said.
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Nonetheless, Skilling did confirm that the company isn't interested in building larger-sized plants in any country, and that its construction goals may not be as lofty as those of other energy companies.
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"We are not interested in building base-load plants," Skilling said, referring to large power plants that produce power in steady quantities around the clock.
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"Base load simply delivers megawatts - that's a bulky, undifferentiated commodity," Skilling said.
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"But peaking plants allow us to play on the shape of the market of that commodity."
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Skilling declined to give any projections or figures related to Enron's future development plans, saying that they weren't set in stone.
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But Skilling said the company generally aims to site power plants where there are bottlenecks in the transmission system, and that Enron isn't focused on any one geographic region as opposed to others.
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"There are companies out there saying they're going to build 40,000 megwawatts by such-and-such a date, and I don't really see how that's possible," Skilling said.
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"There are just too many variables to approach markets like that."
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-By James Covert, Dow Jones Newswires; 201-938-2061; Quote for referenced ticker symbols: ENE , 2000 Dow Jones & Company, Inc. All Rights Reserved.
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I'm ready for another trip to Chicago, to work on the details, the transfer pricing, the Manlove monetization, etc. Would a day next week be good?
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It would probably be helpful if Laura had some availability as well.
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Tuesday is bad for me, but Wednesday or Thursday looks good.
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I'll look over the list and give you a call after lunch.
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Kay
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If anyone asks, I would prefer to have Gloria for our temp.
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Thanks, Kay
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Please hang on to this for future reference.
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Thanks, Kay
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Hi Gregg, It looks good for tomorrow.
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I prefer not to schedule anything later than 300, if possible, just to give myself a chance to handle the end of the week Kay
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Hi Bob, Does this have anything to do with the Wisconsin site you mentioned in the staff meeting?
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Thanks, Kay
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FYI.
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I'm talking to Gregg on the phone now.
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Kay
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I saw something on the intranet which says you can check all your benefits, etc , including vacation time.
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It called for a password.
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Did you receive a password for yours?
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I wonder if it is the same as the password when you submit benefits.
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Any ideas?
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I wasn't sure if you got a copy of this.
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Kay
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Laura, Here's the revised version: Here's a compared version so you will know what I did: I'll work on the transfer price agreement today or this weekend so we will have something to discuss.
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I'm planning on being in Chicago on Thursday if you would like to discuss any of these matters.
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Kay
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Ben, Here's a draft of an MOU for the sale of the LMs and ABB equipment to ESA.
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One issue is when this transaction can close.
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Since the equipment is owned by WestLB and since the feeling is we don't want to involve WestLB in the transaction, the actual transfer would take place at the termination of the WestLB facility.
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If another approach is preferred, we will need to circle back with Lisa.
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A second issue I see is with the concept that GE will need to look to both ENA (or WestLB's successor) for some of the payments, but look to ESA for payment for changes, storage, etc. As far as I know, this concept hasn't been addressed with GE.
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I re-calculated the overhead charge, so you might want to check it out.
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I look forward to your comments.
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Kay
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I'm reading it now.
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David, Please change the date on the draft so that we won't confuse it with the prior drafts.
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I would delete "specifically" from 2.10 (c), and add "or later ratify such transaction" (or something to that effect), just in case they later learn and accept the transaction.
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In 2.10 (x), add to "due to an inability to pay, or other credit reason".
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In (y), add "or a contractual defense to payment" [could be force majeure, etc] Again in 2.10, third sentence from the end "any interest, penalties, attorneys fees and court costspayable by the Hub Shipper...; 3.3 Delete "prior" before "approval", and add "or ratification" in the redlined section on refunds. Thanks, Kay
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Here's what's hot, what's not: Virginia Power - don't know how hot it is.
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We should know more on Monday.
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Chicago - just finished commenting on the Hub Agency agreement.
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I would like to visit there next week.
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As you know, the Manlove monetization is still on the list.
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Laura sent me her comments to the LOI yesterday - relatively mild, so the LOI should be going to Peoples in the near future.
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You have the list that Gregg prepared on commercial/legal to do's, and he and I will work on those things next week.
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LM stuff.
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General consulting business; form 97-10 EPC for affiliate, form GE contract (drafted by AK) on the list.
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ESA/ENA turbine sale.
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Sent Ben a draft MOU.
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