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Please see tha attached.
tst03
I would be curious to talk to you about your structure, coverage functions and market building iniatives.
tst03
I recognize that you and your group have been the most effective and proactive group in these areas for some time.
tst03
Is there areas where we could be more aggressive or proactive?
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Can I get you more resources to cover the market more aggresively?
tst03
Lets discuss.
tst03
Regards Delainey
tst03
Jeff, I would like to discuss this with you and your plans in gas.
tst03
Regards Delainey
tst03
Please follow up with this person if interested.
tst03
Regards Delainey
tst03
I think Jean is gong to be there - thats ok.
tst03
Regards Delainey
tst03
Guys, the project should be charged market based rates and ENA is not in the business of subsidizing international projects.
tst03
This is particularily the case if we are not going to hold a continued interest in the project.
tst03
However, if we can not reach a term O&M agreement please maintain the optionality in the project by managing the facility on a direct bill basis to APACHI until they find an alternative provider.
tst03
Do not in any event abandon any assets at any time.
tst03
Regards Delainey
tst03
Where did he rank against other folks at the super saturday?
tst03
I would argue that if he was in the top 30%, we should accomodate his need.
tst03
regards
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Gary, I have not heard much more on this issue - are you ok with this?
tst03
Regards Delainey
tst03
Guys, I am getting the impression that we are having quality control issues - it just sounds sloppy?
tst03
Am I wrong?
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Do we need more focused resources?
tst03
Regards Delainey
tst03
Jeff, what is your current thought process on TXU?
tst03
Regards Delainey
tst03
Ray, I am ok with Nick and his group managing if Redmond/Mrha are ok.
tst03
Like Rebox, whoever is technically responsible is highly accountable to ensure that reporting and procedures are correctly followed and that the project comes in on time, budget and technically works.
tst03
In this capacity, I would like that engineer to report to you or Wayne Mays.
tst03
Regards Delainey
tst03
please handle regards
tst03
Guys, as a follow up to our mtg - the following deliverables were agreed to: a) CMS/Noxtech deal structure - outsource product - McClellan/Affelt - next week; b) ERC strategy in California - McGowan- couple weeks; c) fundamental analysis completion on California, NE and MW - McGowan - ongoing; d) regulatory support for...
tst03
Regards Delainey
tst03
Guys, as a follow up to our meeting - the deliverables include: a) producer team - Jones/Polzin - one live deal/prospect from the producer sector for the insurance product in third quarter; b) power team - Duran/Overdyke - one live deal/prospect from the IPP sector for the insurance product in the third quarter.
tst03
Thanks Regards Delainey
tst03
I believe this has been handled appropriately; however, FYI.
tst03
Regards Delainey
tst03
rodney, are you managing and coordinating these reference requests for ENA to EES?
tst03
I think that these requests need to be highly controlled into the EES organization at a high level and screened by you as being necessary or not.
tst03
Regards Delainey
tst03
Tim, my understanding is that partnership fee (the $11.0M) has been amortized for the last several years and expensed to the Industrial groups (McConville and Ondarza).
tst03
As you are aware, I sued them for breach.
tst03
The settlement involved the elimination of all existing transactions between Ft.
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James and Enron including the Wauna and Halsey power contracts.
tst03
It is my understanding that the benefit of the elimination of those shorts resides in the Portland shop.
tst03
The elimination of the shorts would not have occurred without the lawsuit on the alliance and the settlement I originated.
tst03
It seemed logical to charge the Portland office with the remaining un-amortized fee of $1.8M as a cost of eliminating the shorts for no cost and no future contingent liability.
tst03
Lets discuss.
tst03
Regards Delainey
tst03
Guys, I will forward the info as it becomes available.
tst03
There appears to be one project in Texas and one in California which are well down the development road.
tst03
If interested in these projects, which have to meet a December 2001 COD in order to get the tax credit, I would suggest that we purchase the development sites and turbines from Enron Wind and keep the asset, commodity position, tax credit and possible green credits in ENA.
tst03
They are Ok with that strategy.
tst03
This is an opportuntity that needs to fleshed out fairly quickly - Ben and Dave can you lead this analysis with close contact with Doug and Tim on the desk.
tst03
We can get together to discuss if you like.
tst03
Regards Delainey
tst03
Joe, thanks for the assistance.
tst03
We have a few items still outstanding on the Doyle (Georgia PPA with Ogelthorpe) unit; however, It looks like we have the '99 and '00 plants completed.
tst03
The 2001 program is much smaller.
tst03
I will follow up shortly.
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Regards Delainey
tst03
Wes, expense the amortization to Office of the Chairman not West Power or Origination.
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Regards Delainey
tst03
Jeff, lets try to get consensus in how the east desk might work and then discuss next steps at that point.
tst03
thanks Regards Delainey
tst03
Guys, please attend if available.
tst03
Regards Delainey
tst03
that is correct
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You know what - I agree!!
tst03
Don't let it go to your head.
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Dave
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Rick, in the interest of preserving trees and keeping the information reasonably controlled, I would distribute this to senior managment and the portfolio managers in each origination group responsible for each investment.
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Portfolio Managers Steve Pruett - Energy Capital Resources - (E&P) Chuck Ward - Generation Investments Chris Helfrick - Industrials and Coal Michael Miller - Principal Investing Richard Lydecker - Restructuring Ray Bowen - CTG Andrea Reed - CTG Wes Colwell - Controller Jordan Mintz - Tax Management Jeff Skilling Joe Su...
tst03
The business unit heads in the finance origination groups can access their portfolio manager for the data if needed.
tst03
Regards Delainey
tst03
Bob, I know that you made this work !!
tst03
This recovery plan is exceptional.
tst03
Regards Delainey
tst03
Rob, makes sense.
tst03
How does this change our view on Moore?
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Delainey
tst03
Guys, please come up with a plan to meet Ben's requirements.
tst03
The key sites/jobs for 2001/2002 include: - Project Moore (Ontario) - 06/01; -Coyote - early '02; Regards Delainey
tst03
Forgot one: Delainey
tst03
Sounds promising - keep it moving.
tst03
Regards Delainey
tst03
Bill, how are we making out on the credit reviews for some of these customers where Fred has waived his objection?
tst03
Regards Delainey
tst03
Thxs Greg
tst03
Guys, we are set up for a meeting with the ENA Office of the Chairman to discuss ENA's generation strategy and iniatives for Thursday, July 6 th from 7:30AM to 11:00 AM.
tst03
The purpose of the meeting is to get buy -off on the strategy and start the approval process (DASH and Board/Skilling) specifically for Moore, LV Cogen and Pastoria.
tst03
Proposed Agenda: a) Overview - overall map - current turbine book - Pastoria - DASH and approvals; - Coyote Springs - one page update - fyi; - other - few pages on future development strategy in west - fyi and approvals; - Project Moore - DASH and approvals; - other - few pages on future development strategy in Canada ...
tst03
Jeff, sounds great.
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Regards Delainey
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Guys, we are getting close to completing the quarter, the following gross margin is expected from each of these groups before the end of the week.
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If there is any issue of any type please give me or Wes a call.
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If there are any upsides to these numbers please let us know as well.
tst03