author,text dasovich-j,His name is Sean Steele. I'll have his number pronto. dasovich-j,"Don't hate me for sending a note. What do you think? ""California made two big mistakes: First, they never made a market. They didn't deregulate. They just re-regulated the failed monopoly structure they'd been living with for decades. Second, when the first mistake led to an energy crisis, California's leaders didn't stop, learn from their mistakes, and get deregulation right. Instead, they blamed everyone but themselves, including Enron. Those mistakes led to the nightmare California's been living for over a year now, and they still California still has woken up."" ""Enron's the model of the virtual organization. Whether the problem's in California, or India or Sweden, Enron creates the virtual organization needed to solve the problem. That's what we did in California. Houston is definitely the brain, but you need all the other limbs and organs to function well. What makes the ""virtual"" part of it work is a committed management team, great technology and an incredible team of talented, flexible folks from across the company. That allowed us to coordinate extremely well under challenging conditions. It's been a great" dasovich-j,"Here's a cut at the taxonomy of regulatory risks associated with Direct Access. Please let us know if the list looks about right. FYI: Sue and I are scheduled to travel to Portland to sit down with Steve Swain & Co. in the attempt to ensure that the folks managing the book are well briefed on the regulatory risks. Finally, note that though the risks listed below are linked to PUC actions, the California Legislature could take actions that could trigger the same risks. For example, the Legislature could pass a bill directing the PUC how to allocate costs associated with the utilties' undercollection, the bonds issued to recover general fund money used to purchase power, DWR's long term contracts, etc." dasovich-j,Thanks. I'm in Goucester Mass this week but am getting the message to folks from here. You launching on the contracts? dasovich-j,Thanks. See you tomorrow night in the tah moh. dasovich-j,"No problem here. That price is making DWR's contracts look worse and worse every day. Poor California. Jeff, if you have questions or want to discuss further, don't hesitate to call me or Sue, though Paul can likely answer most questions." dasovich-j,"Looks like Prentice and Nancy will be getting together in Napa to do a little bonding this weekend. Therefore, it looks like an opportunity to golf on Saturday or Sunday (screw football). Any takers? (Eldon has promised not to be the score Nazi.)" dasovich-j,Janelle: Here's an email and slightly modified PP presentation that I'd like to send to Marcie. Let me know what you think. dasovich-j,FYI. SoCalGas is filing in favor of the decision adopting the settlement. dasovich-j,FYI. May be useful for Thursday's meeting. dasovich-j,"Thanks for the response. I think that I've got it cleared up. I'm assuming that the time for our case write is ""the present,"" i.e., September 2001. If I've got that wrong, let me know." dasovich-j,"Greetings, Jim. Just checking in. Hope, given the circumstances that all finds you well. Look forward to hearing from you." dasovich-j,"Hi Brad: I finally got in touch with the people from Perfect. They'll be in Houston on the 15th and the 22nd of November. Either of those days work for you? If so, any time preference?" dasovich-j,"boy, you really did save this stuff. i don't know who the author is, but, man, what a wit!" dasovich-j,"I'm back from the doctor. I'll just take the time against lunch (i.e., I'll work through lunch), so no need to worry about any time accounting. If there's any issues with that approach, just let me know. Thanks a bunch." dasovich-j,"Ah ha. Now I see why you were asking. So sorry that you ""have to visit"" Maui. Tough break." dasovich-j,I assume that you don' t need Mike Day to file TW's comments. You got it covered? Just let me know. Jeff dasovich-j,Hi Bob: Could you please leave on my voicemail the call-in number to discuss the meet and confer call that's happening with Edison? When exactly is that meeting? Is it California or Houston. Thanks very much. dasovich-j,interesting to say the least. great case for b-school. you still in texas? dasovich-j,"Should you care, on Friday at the Hotel Monaco in SF, Law Seminars International is having a conference about electric restructuring in CA. The 8:30 AM panel is ""status and implications of the PG&E Bankruptcy"" with Jim Lopes and LInda Ekstrom. I'll be in Sacramento that day." dasovich-j,Could you please refresh my memory of the other person in the group who's working on California? Thanks a bunch. dasovich-j,It's Baldwin. Let me know what dates you want to meet and I'll set it up. dasovich-j,So sorry to hear about your nose. How bad is it? Swollen? Your eyes OK? Expected to heal quickly? dasovich-j,"Rick: It's hard to articulate, so I'll just say that you're doing a phenomenal job. Whatever happens, you have an incredible amount to proud of, not the least of which is how you've handled things during these very tough times. Please remember that there's alot of folks out there that appreciate what you're doing and care about you alot. And then there's your family, which is the most important thing. Thanks again for your efforts. Talk to you soon. Keep hanging in there." dasovich-j,couldn't agree more. was just kidding. dasovich-j,"Yeah. Ask me how happy I am to be back at work, with a midterm in finance tomorrow nite. Sigh... Tried to call you guys yesterday to see if you wanted to stop by your folks to have abalone, but only got your voicemail. I'm sure you were glad just to get home and relax." dasovich-j,"With respect to past due PX credit amounts, Edison has told folks today that: Edison will distribute a one-pager by mid-day tomorrow laying out its proposal for how to handle payment of past due PX credit amounts. Edison is trying to meet individually with all ESPs prior to the Nov. 7th prehearing conference at the PUC to discuss and hopefully reach agreement with ESPs on its proposal. Edison hopes to make progress with the ESPs between now and the Nov. 7th prehearing conference, and if so, intends to tell the judge that the PUC should delay action on the complaints pending settlement. We'll distribute Edison's proposal as soon as we get it." dasovich-j,"Thanks so much for the Storybook wine. Extremely sweet of you, and we really appreciate it. I gave Eldon the check for it. Man, did we get CREAMED in the pool. Sigh...." dasovich-j,"Luca Kaufman, who else? (What did you say the price was? The fact that it only goes to end of '02 is at least somewhat encouraging.) You know, I'm starting to feel like tom hanks in ""you've got mail."" guess that makes you meg ryan." dasovich-j,Greetings Professor: Attached is the final case for E278. Could you confirm that you've received it? Thanks for an interesting and stimulating course. Have a great holiday and I hope that our paths cross sometime in the not-to-distant future. dasovich-j,Alan: This is highly confidential. Please do not share with anyone. I'm going to call you to discuss. Hope you're vacation was good. dasovich-j,Getting a little concerned that Borenstein might be on vacation--haven't heard back yet. Will let you know just as soon as I find out. dasovich-j,"Lad: Sorry that I didn't respond. I'm travelling. Please call me on my cell phone 415.505.6633, or page me at 888.916.7184. I'll be available beginning about 6:45 AM tomorrow. Generally, there's going to be considerable support for the Bilas decision--at least from the lion's share of folks who made up the core of the settlement." dasovich-j,FYI. Looks like Brown might not be getting the presidency right away.... dasovich-j,"Brad: Lot of water under the bridge since the 25th, but I just got a note from Perfect. They're still planning on being in Houston to meet on the afternoon of the 13th. Let me know if anything's changed and I'll get you the information on Perfect ASAP. Thanks." dasovich-j,It's more complicated still. A crazy commissioner at the CPUC now wants to require everyone to submit their DA contracts to Commission for review. It's attached. Folks are going to oppose it very strongly. I'm available to talk. I'm not sure that the Oct. 5th date has got legs. dasovich-j,ditto. sounds good. dasovich-j,"We did recommend using the DJ index. But subsequent to that, I believe we filed as part of the ""ARM"" coalition, recommending a bottom's-up approach. Is that right Sue? However, I don't think it's accurate to say that we ""withdrew"" the DJ index recommendation. Both our original DJ recommendation, and the bottom's up recommendation, are still sitting at the PUC. I think that's how things currently stand." dasovich-j,"Hap: Let's discuss further, but my reaction is that, while we don't need to--and shouldn't--actively and openly support John's letter, I don't believe that we should do anything to oppose, or prevent, John from releasing it. Do you have particular concerns? I'll call you to discuss further." dasovich-j,Really appreciate it. Thanks very much for the help. I'll leave you a message should anything come up. Enjoy the Giants game. Hope they do better tomorrow than they did today. dasovich-j,Sounds good. My cell phone number is 415.505.6633. dasovich-j,"FYI. Sac Bee did a very big story recounting its version of how CA's electric market got upside down. Cites Enron scheduling a large block of power over a ""small"" tx line as an indicator. Also cites the dinner Davis had with generators leading up to the crisis, where, the paper says, the generators warned him, but Davis took the money and did nothing." dasovich-j,"Mike: A few thoughts: Conference calls on issues of this size don't generally seem very constructive, and I'd suggest that we push for a face-to-face with Edison. If the Legislature doesn't get the MOU out well in advance of September 14th, Edison won't be focused, and I'd suggest that we try and reschedule. No matter the forum, the proposal will be tough to get through, even though it makes alot of economic sense. It's a big change, and big changes don't come easy, no matter the benefits. That said, no shots, no ducks. We ought to make a push. The proposal may not be contingent on Legislation. It might be possible to make it happen at the California PUC. Assignment to DWR would be significant and might require legislation (need to ask a QF lawyer). The proposal makes sense for both the IOUs and DWR, since both want as much ""headroom"" as possible in rates to cover their respective revenue requirements. Given the pending rate agreement between the CA PUC and DWR, and the utilities' messed-up financial position, DWR is clearly the preferable counter party from credit perspective. All that said, none of the above matters much unless the utility, a critical mass of QFs and the PUC's consumer advocate (""ORA"") buy into the idea. I'd propose that we continue with Edison. If Edison bites, then go jointly with Edison to persuade the QFs. If the QFs bite, then go jointly with Edison and QF to try to persuade ORA. On the issue of sleeving through the IOU or DWR, it seems useful to remain flexible on that, though absent general support from the IOUs, QFs and ORA, the entity will be academic. Some preliminary thoughts. Happy to discuss further." dasovich-j,"will do. traffic permitting, around 7?" dasovich-j,FYI. Per my voicemail--response from Jeremy regarding our approach to last week's PUC decision. We'll set up a call for later in the day. dasovich-j,great. good luck with others. dasovich-j,"I thought you'd never ask. But, please, nothing special. You know me. I'm a Woodbridge kinda guy...." dasovich-j,"Talked to Mark. First thing he has to do is convince Davis' lawyers that his companies' client list (which includes TW) shouldn't conflict him out of working on DWR gas deals. He should have that figured out by this week--sounds like he may have to make some decisions about his current client list and working for DWR. I told him that we'd like to sit down as soon as possible to discuss opportunities for us to help out DWR with its gas needs. He said that he'd be happy to do that, once he's got all conflict issues worked out with the Governor's office. He's going to get back to me to set up a meeting; and if I don't hear from him by Monday/Tuesday of next week, I'll call him back to set up a meeting. I'm assuming that you'd be part of that meeting? I asked him what sort of deals they're working on. As you likely know, some of the contracts permit DWR to either 1) provide gas to the plant providing DWR power under the power contract or 2) manage the plant's fuel supply. So they're looking to get ""soup-to-nuts"" supply service for those contracts that include a fuel-supply option." dasovich-j,"SUMMARY OF THE DRAFT RATE AGREEMENT BETWEEN THE PUC AND DWR The Bond Structure ? Keeps the state in the power selling business for 15 years - the life of the bonds - because the bonds are repaid solely from the state's power purchase revenues and no other repayment source. ? Designed as a ""net revenue bond,"" meaning bondholders are paid last and all other DWR costs and expenses are paid first. In order to sell net revenue bonds, DWR must show that it has guaranteed revenues to both: (1) carry out its entire operations and (2) generate enough profit to pay off the bonds. As a result, the rating of a net revenue bond depends on the overall financial health of the company - in this case, a guarantee that the overall power purchase program instituted by DWR will be paid for by ratepayers for 15 years. ? Requires that California's current energy policies and programs are set in place and not subject to further political or policy changes for at least the next 15 years and that the continued operation of this program will generate enough income to meet all the program's possible financial needs for the life of the bonds. ? Ratepayers will pay for the state's power purchase program as long as the bonds are outstanding. The Rate Agreement ? Requires the Commission to adjust rates in 45 to 90 days when DWR sends over a revenue requirement. The Commission is limited only to correcting mathematical error or costs outside the agreement's scope. If the Commission does not adjust rates according to DWR's estimated revenue calculations, the Bond Trustee may enforce bondholders' rights to have rates established at a level that satisfies DWR. ? May require the Commission to require all utilities to take DWR's power and deliver it to customers in their service territories before the utilities sell their own, often lower cost power to customers in each service territory. ? Precludes utilities from returning to the business of providing 100% of their customers' electricity needs for the life of the bonds because the state must stay in the business of buying and selling power to meet the requirements of a net revenue bond. Guarantees DWR receives whatever revenue it needs for all of its power programs and establishes the State in the power business for at least 15 years, the life of the bonds. ? Because the bonds can be repaid only from DWR sales, suggests the need to change the Legislatively imposed mandate that DWR's program ""sunset"" at the end of 2002. Already, the financial community has expressed concern about this provision. In response, DWR's comments on the Rate Agreement suggested that an extension of the sunset by Executive Order could allow DWR to continue purchasing power in a way that would be funded through Commission-approved revenue requirements. ? Provides generators, who negotiated long-term contracts with the state during the very height of the energy crisis when market power was being exercised, irrevocable 15-year assurances that those power purchase deals will be treated as solidly as if they were loans from the generators to the State. ? Interferes with Federal or other court efforts to review the long-term contracts entered into by the state. Because the existence of those contracts is essential to the continuation of the bond deal, the state would not be able to take advantage of any change in circumstance or law that would reduce dependence on disadvantageous long-term contracts. ? The Commission must also enforce rules so that utilities can bill and collect on DWR's behalf, and customers are subject to disconnection for failure to pay for electricity provided by DWR. ? Constitutes irrevocable financing document - the Commission may not alter or modify any of its provisions without DWR's agreement. DWR will likely need to obtain bondholder approval before agreeing to any changes. Remains in effect as long as the bonds are outstanding, regardless of how many bonds are issued. The Challenges to the Rate Agreement ? Eleven parties filed comments opposed to the Rate Agreement. ? Received comments in support only from DWR, the office of the State Treasurer, and the investment bank underwriting the bond transaction. ? Received strong opposition citing numerous flaws with the rate agreement, including: o The Commission cannot make the iron-clad guarantee to meet DWR's revenue requirement o Unconstitutional, contrary to general principles of utilities law, and outside the scope of AB 1X, the statute that allows DWR to buy power o DWR has acted illegally and the Commission's actions are illegal because they rely on allegedly improper conduct on the part of DWR Oppose the requirement that the Commission must ensure that DWR has the physical ability to stay in business using the utilities distribution networks." dasovich-j,"dee-lish-ush dinner--the tart was especially yummy. thanks very much. by the way, was that a regular tart?" dasovich-j,You folks giving this to the press? Might be useful. dasovich-j,I'll have folks get those and forward them. Be back to you soon. dasovich-j,"This looks like LA Times/Wall Street Journal material...... Steve C Hall/ENRON@enronXgate 07/09/2001 01:29 PM To: Karen Denne/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Christian Yoder/ENRON@enronXgate, Bill Williams III/ENRON@enronXgate, Tim Belden/ENRON@enronXgate, Richard B Sanders/Enron@enronXgate, gfergus@brobeck.com@SMTP@enronXgate, Alan Comnes/ENRON@enronXgate cc: Subject: Transcript of a bizarre and unusual telephone call from the ISO Here is the transcript of the ISO's real-time desk asking Enron real-time trader Ryan Slinger to help the ISO ""set"" the market-clearing price (""MCP"") for replacement energy. The ISO wanted Enron to help set the MCP for replacement energy at $91.86, because the ISO was upset that the MCP had dropped to a penny, and now market participants were buying the ISO's excess energy a penny (after having sold it to the ISO for $91 the day before). There are two phone calls. The first call is the ISO calling to ask us to help it to set the price. The next call occurs three minutes later and is the ISO calling because we didn't put in the bid. Our trader told the ISO that he had to ""talk to his boss"" because he ""didn't want to do anything wrong."" Note: I have just learned a complicating detail: Coincidentally, our desk did put in a bid for $91.86 for Hour 18, which was what the ISO had requested. However, the bid had been formulated before the ISO called our desk. Transcription of a telephone conversation between the ISO's Real Time Desk and Enron's Real Time Desk - July 3, 2001, 14:40:50 - 14.43:38 Enron: Enron, this is David [Porter]. ISO: Hi David. This is Allen at the ISO. Enron: David: Hi Allen. How ya doing? ISO: Allen: Hold on one sec. I've got to get something. Unknown: Stage one at 11. ISO: Allen: Hey, I'm on the hour-ahead desk. Did you guys put a bid in? Enron: David: Yes, hang on one second Allen. ISO: Allen: Yeah. Enron: Ryan: This is Ryan [Slinger]. ISO: Allen: Hey Ryan, this is Allen at the ISO hour ahead. Did you guys put a trade in, replacement [energy]? Not trade, but a bid? Enron: Ryan: For which hour, for hour 15? ISO: Allen: For hour 16? Enron: Ryan: For hour 16, correct. ISO: Allen: Can you guys continue to put the price at that? Enron: Ryan: At what? At $91.86? ISO: Allen: Yes Enron: Ryan: Um,?. ISO: Allen: This isn't on a recorded line, but we wanted to do that because of some of the things that we are seeing. It would be good to keep it [the Market Clearing Price for Replacement Energy] at a higher price. It doesn't matter how many megawatts you put it at, but we want to clear it at a higher price. Enron: Ryan: Wait, you said we're not on a recorded line, or we are? ISO: Allen: We're not. No, we're not, okay. We already talked to the day-ahead research guy and myself, but we saw you guys clear at $91 and we wanted you, if it's possible, to continue to set that, whether it's 20 MW or whatever you want to put in there. Enron: Ryan: Okay, um?.. ISO: Allen: We want to clear it at that because of some issues we are seeing as far as others that are taking advantage of the market. Enron: Ryan: Oh yeah. Because it had been clearing like at $100, hadn't it? ISO: Allen: Not replacement. Enron: Ryan: Oh, not replacement? ISO: Allen: No. What happened is that we bought it back?.see, the day-ahead was purchased at like $100 and then what happened is that the hour-ahead . . .a bunch of these people were buying it back for a penny over the [inter] ties. They were faking it. So we wanted to keep the price up high. Allen and Ryan: Unintelligible. Enron: Ryan: So they were selling it, oh, in the day ahead, and buying it back?. ISO: Allen: Buying like 60 bucks. . . trying to make money off of it, then basically they are trying to buy it back at a penny. Enron: Ryan: Oh, that's ridiculous. ISO: Allen: That's really ticking us off and right now . . . Enron: Ryan: That to me signals, that's probably Powerex, isn't it? ISO: Allen: There's about four of them right now. Enron: Ryan: Shit. ISO: Allen: And for the day-ahead for tomorrow, we didn't, we didn't, we took them out. Basically, we're not allowing anything over the ties. Enron: Ryan: I didn't submit one for 17 or ?. ISO: Allen: That's fine. They'll probably go to a penny and they'll probably get excited and do a bunch, and we'll hopefully cut them off if you can get the next price and the next market at 80 or 91. Enron: Ryan: Okay. All right. Well, I'll see what I can do. ISO: Allen: I appreciate it. It's actually in the best interest for the State and the ISO [with] what these guys are doing, so we are trying to put a stop to it. Enron: Ryan: Okay. ISO: Allen. bye. Transcription of a telephone conversation between the ISO's Real Time Desk and Enron's Real Time Desk - July 3, 2001, 14:46:55 - 14:47:40 (3 minutes later) Enron: This is Ryan. ISO: Hey Ryan, its Allen. Enron: Ryan: Yeah. ISO: Allen: Hey, did you put it in for the next hour? Enron: Ryan: For hour 16? ISO: Allen: Yeah, no, they already ran 17. Enron: Ryan: Oh, I didn't do 17, no. ISO: Allen: Well, see, we're gonna run, we're gonna run 18 coming up here in the next fifteen minutes. Enron: Ryan: Okay. ISO: Allen: If you have any questions, let me know. I hope you know this is me from the ISO. I don't know if you think I'm somebody else but you can call me at the hour-ahead desk. Enron: Ryan: Well, I mean, I'm talking to my boss right now as far as, because of, you know, I don't want to be doing anything that's wrong. ISO: Allen: Yeah? Enron: Ryan: Even if it is helping you guys out, if it's wrong, I can't do it. ISO: Allen: I know, but if you continue to bid in at, um, the market, that's the best thing to do. For replacement. All right. Enron: Ryan: Okay, I'll see what I can do. ISO: Allen:" dasovich-j,"Thanks for you comments. I did this prior to the meeting w/Keeley yesterday. I assume that, if this thing gets off the ground, we'll have the opportunity to get this thoughts into whatever it is that the legislature produces." dasovich-j,left message for calger. will call when i hear back from him. dasovich-j,You have just used your quota of exclamation points for the remainder of this year and for all of 2002. It was very fun. dasovich-j,"We need to start figuring out as soon as possible: What we want to accomplish at the hearing. What our posture/message will be. What to expect from the judge/commissioner and if and how we want to respond. What to expect from others and if and how we want to be prepared to respond. How to coordinate with other parties prior to the prehearing conference. How to ensure we're well coordinated with our other efforts (e.g., PG&E bankruptcy and Edison negotiations) Sue and I can take the call from this end, and presumably Mike and Jeanne you can team up in a room on your end, so we can conference everyone in using our phones. Please let me know if this works for everyone. Thanks a bunch." dasovich-j,It was really fun. Thanks so much for inviting us. It was great to get to play together. I'll get Scott a check for our share of the goodies. Thanks again. dasovich-j,"Greetings. Hope, given the circumstances, that you're well. I'm trying to get a hold of Mark Baldwin, and the number I have gets a recording saying that it ain't the number anymore. Do you have a number for him. Greatly appreciated." dasovich-j,"Governor wants to cut costs of power Tough sell for Davis as suppliers balk By Steve Geissinger SACRAMENTO BUREAU SACRAMENTO -- With an economic ""perfect storm"" and an election looming, Gov. Gray Davis wants to renegotiate several of the state's expensive long-term power contracts -- a move that could translate into a big break for Californians. But the generators who signed the multibillion-dollar contracts to supply the state will be a tough sell on the notion, even though many have indicated they will at least listen to the state. ""If the politicians were to make all these contracts go away, ... who the hell is going to meet with the state and negotiate any (new) contracts?"" asked Peter Cartwright, president of San Jose-based Calpine Corp., a major supplier of California power. And many experts and analysts are skeptical about Davis' chances of getting generators to substantially lower the price of power they sell to the state, which, in turn, supplies California customers through various utilities. ""Good luck!"" former Republican Gov. Pete Wilson sarcastically declared upon hearing of the Democratic governor's plan. Davis, however, has suddenly thrust the idea of renegotiating some of the costly power-supply contracts to the center of a wildly complex tangle of fiscal, political and legal issues tied to the energy crisis, the ailing economy and their impact on the growing state budget deficit. The outcome could affect the pocketbooks of energy consumers and taxpayers alike for years, perhaps decades. ""This could save billions of dollars,"" said Doug Heller of the Foundation for Taxpayer and Consumer Rights, one of the consumer groups that has embraced Davis' power contract renegotiation plan. Barry Goode, Davis' legal affairs secretary, said the administration is ""not targeting every contract"" because the pacts have been ""extremely valuable in keeping the market stable."" The governor's aides refused to reveal which generators they will approach or the arguments they intend to use on the companies, whose contracts don't require them to reopen negotiations with the state. The governor signed more than 50 long-term contracts -- worth more than $40 billion -- with about two dozen generators at the height of the energy crisis earlier this year. The state made short-term purchases to supply California after soaring wholesale prices shattered utilities, then entered the longer-term pacts that provide about a third of the state's power demands. The contracts range in duration from a few months to 20 years. Though the contracts provide power at an average $69 per megawatt-hour over the next decade, the current market has dropped to less than half that rate. And the contracts provide more electricity than the state needs at times, forcing California to sell the excess at multimillion-dollar losses. The long-term contracts, harshly criticized by Republicans seeking the GOP gubernatorial nomination, have become a political liability for Davis as he heads into a re-election bid next year. The liability is compounded due to the pacts' potential role in what experts at a recent economic summit at Stanford University termed a brewing ""perfect storm"" of fiscal calamities. The state Public Utilities Commission, principally citing a desire for less costly power, has refused to allocate a revenue stream -- generated from recent electricity rate hikes and anticipated bond proceeds -- to finance the long-term contracts. The standoff has pitted Davis and Democratic state Treasurer Phil Angelides against another of the state's most powerful Democrats, Senate leader John Burton of San Francisco, who sided with the Democratic-controlled PUC. Burton has called ""for Californians to be freed from egregious, unreasonable and expensive provisions contained in these contracts."" The deadlock is holding up a $12.5 billion bond sale intended not only to help fund California's future power costs but repay state coffers for the billions of dollars spent earlier this year on emergency, short-term electricity purchases. It would be the largest municipal debt sale in U.S. history. Without the bond issue, a projected general fund deficit of up to $14 billion next year could grow to a staggering $20 billion-plus, forcing Draconian cuts in essential government services, according to state finance officials. The projected deficit of up to $14 billion in California's annual budget of about $100 billion stems from lagging tax revenue in a cooling economy, further chilled by the Sept. 11 terrorist attacks on the East Coast. Against the backdrop of fiscal woes, analysts said successful renegotiation of some long-term power contracts could conceivably wind up sparing Californians electricity rate hikes, tax increases or both. But some analysts are pessimistic, like Wilson. The former governor is widely blamed for legislation that triggered the energy crisis, and yet he in turn blames Davis for not acting quickly enough to head off power woes. The Western Power Trading Forum, a group representing suppliers and brokers, has made it clear generators will expect the state to give them something substantial in return for any changes in the pacts. Such incentives might include settling disputes over power buys or the state dropping lawsuits against suppliers. ""We're not going to say no. We'd certainly sit down at the table with them and say, 'Let's see, maybe we can do this, maybe we can do that,'"" said Calpine's Cartwright. If state officials simply broke some of their contracts, not only would penalties be ""very, very severe,"" but also ""they would have completely blown their credibility, and no one would negotiate with them,"" Cartwright said. His comments coincided with reports that Calpine's third-quarter profits more than doubled, despite a sharp drop in short-term electricity prices in California, one of its main markets. Analysts said Calpine's performance can be largely attributed to its long-term contracts with the state. Heller, one of the state's most vocal consumer advocates, said Davis ""is right to look back at the environment in which these contracts were signed and demand that the power companies come to the table and renegotiate, or even throw out many of the contracts."" ""Last spring,"" Heller said, ""power companies had a gun to the governor's head and, with staff that already had conflicts of interest, the administration signed some terrible" dasovich-j,Yes. But I'm not sure what it is. dasovich-j,call me. jeff. 415.782.7822. dasovich-j,"got your message. talk to you at 5 pm your time. best," dasovich-j,"Oh, they're trying alright...but we have conflict with the consultant they've hired. I'll fill you in another time. (DWR is radioactive, though, and we shouldn't be doing any deals with them right" dasovich-j,Will do. Thanks again for getting to the bottom of it. dasovich-j,"""paid"" is right. jeff just keeps paying, and paying, and paying..." dasovich-j,Could you forward the gas daily article? Thanks. dasovich-j,"FYI. The California AG has announced that he is investigating conflict of interest charges against consultants who were involved with arranging DWR's long term power contracts. May be part of Davis' attempt to ""re-negotiate"" the contracts. There's been some assertions that, under California law, any contracts negotiated by consultants with financial conflict of interests must be nullified." dasovich-j,"Thanks, Jeff. Ross, when you get a chance, give me a call at 415.782.7822." dasovich-j,"thanks for everything. really 'ppreciate it, 'migo. and please thank karen, too. also, would you tell her that prentice and i are willing and able (we think) to help out in any way we can in putting the fireplace stuff together----i.e., anything that doesn't require real skill, like sticking tiles on the board. just let us know." dasovich-j,Jean: Pebble Beach sounds great. Let me know when you can fit it in your schedule. Give me a call when you have a minute and we can decide how to arrange a meeting. Greatly appreciate your help. dasovich-j,what's pepcid. he has NO idea. is he sure it ain't something fatal? poor annie. dasovich-j,"On another ""food for thought"" note. Eldon and Nancy: Here's the WSJ editorial by Scott Simon--long-time NPR dude, credentialed lib, and Quaker--on ""just wars."" Sort of thought-provoking." dasovich-j,"I love it. Unfortunately, ENA would likely go bonkers since many of the folks whose deals we'd be bettering also happen to be big ENA customers. If there's a way to finesse it (e.g., ""Enron offers State big power deal for 1/2 what State contracted for""), it would really bring the house down. But I think that ENA would get damn queasy about doing it." dasovich-j,Hi Sharon: Our asst. Joseph Alamo (415.782.7841) will work with you to arrange a call. Thanks to you both for you help. dasovich-j,Bob's secretary called to tell me that Bob's at a doctor's appt and will be back in the office around noon Houston time. We'll shoot for around noon CST to have the call. I'll conference folks in from my phone. dasovich-j,"Great. Can you give me the entire list (indicating who's who)? I'm thinking that if I let the big customers know, perhaps that'll give them an incentive to sign on." dasovich-j,No problem. Your sense that the commercial folks going to be OK with this approach? dasovich-j,"I would have been happy to let you have it. You still can, you know. Just let me know (though we love to keep it). We're allegedly going to the dome this weekend, so perhaps we could pick it up on our way back on Sunday. But if that's a bother, don't worry about it--we can do it another time. And what about those 9-ers?" dasovich-j,"Here it is. If you could get it to all the usual suspects, that would be great." dasovich-j,"Hey, just checking in to see if you're still out there. What a story. Hope you weathering things ok." dasovich-j,Hi. I read Karl's ruling on the contracts. Just about had it with that bozo. I'm assuming that the customers are going to resist? dasovich-j,"I'll be in the office very shortly. My converstation with Fielder (SCE SVP I've been talking to about the PX credit) yesterday afternoon regarding the settlement was not very fulfilling: he said there's still disagreement about what they owe us for the PX credit he made a point to include in our conversation the provision in the settlement that requires Edison to ""cooperate"" with the AG and the PUC in litigation against generators/marketers I told him that we needed to get the payment issue resolved very quickly. He said that they needed a day or two to regroup and that they intended to call each and every creditor to discuss next steps. Michael: I call you soon as I get in--next 15-30 minutes." dasovich-j,"Quick adder: It appears that the utilities took a hard line on the amendment issue in their written comments, which is no surprise. Utilities position is obviously extreme but it means there's likely to be a signficant fight over the issue." dasovich-j,"In California, all customers can choose--large and small. There are core (small customer) and noncore (industrial customers). Consumption volume differentiates the two. Noncore customes receive cheaper transporation rates.I'm not sure what sort of limitations you're specifically focused on. There are requirements regarding storage requirements (customers must have some storage) and requirements to pay a share of past ""stranded costs"" caused by the move to competition. And noncore customers on PG&E have more flexibility to buy in-state transportation than customers on SoCal have. If there's anything else, let me know." dasovich-j,"Boy, you are on fire today! Glad you think so highly of me???? I give the goldfish two weeks... deep fried." dasovich-j,"Greetings: Hope all's going well in your new venture (or semi-new venture at this point). You finishing this semester? Anyway, I was reading this press account and was wondering if you new this fellow when you were at Lehman. If so, any insights? Sort of an interesting career path. Say hi to your better half." dasovich-j,"Got your message. Which bill? Could you try Scott Govenar (916.448.8240), since he's the lord of all bill activity? Thanks a bunch." dasovich-j,Am I reading this right? The gas contracts are $5B out of the money (from CA's perspective)? Are they straight gas deals? dasovich-j,No. what do they do? dasovich-j,Found the final. Don't know if it differs from the one distributed yesterday. dasovich-j,Thanks very much. Really appreciate your help. dasovich-j,got message. will call u shortly. dasovich-j,"In what will likely be viewed as a fairly shocking event, the California PUC today voted down Davis' proposed rate agreement between DWR and the CPUC. The vote was 4-1, with the two Republicans voting with Davis' hand-picked appointees Lynch and Wood. Davis' proposal was introduced at the meeting by another Davis appointee--Geoff Brown--who made a lengthy speech about why California would experience economic and political destruction if the PUC did not approve Davis' proposed rate agreement. What is Davis' proposed rate agreement between DWR and the CPUC? It would remove all PUC authority to review any contracts between DWR with suppliers. It would require the PUC to pass through to utility rates all DWR power contract costs, no questions asked. What are the implications of the move by the PUC to reject Davis' proposal? With the vote, it remains unclear how California/DWR will pay for the DWR power contracts. The political pressure to re-negotiate--or break--the DWR power contracts is likely to intensify considerably. It remains unclear how California/DWR will pay for the $12.5 B in bonds the Treasurer has unsuccessfully attempted to issue for past several months. Under the structure devised by Davis, the revenues flowing from the CPUC/DWR rate agreement would be used to both 1) pay for the DWR power contracts and 2) service the bonds the Treasurer is trying to issue to repay California's General Fund for spot and other short term power purchased by DWR since January. In short, there is no clear indication of how California will pay for DWR contracts or issue the bonds. Safe to say that today's PUC vote has seriously embarrassed Davis, and left his approach to ""solving"" California electricity crisis in shambles. What Next? A broad left-right coalition of energy interests supported a bill (18XX) that passed the Legislature with broad bi-partisan support. The bill would create a ""dedicated rate component"" on every customers bill to service the $12.5 B in bonds that the Treasurer wants to issue. Proponents of the bill--and just about everyone else--argue that the ""dedicated rate component"" is a signficantly more efficient way to raise the debt California needs to plug the hole in its budget. The bill is silent, however, on how California would pay for the DWR contracts, and the bill's opponents claim that the power suppliers will sue as a result. All four PUC commissioners who voted against the Davis rate agreement today urged Davis to sign the bill. The left-right coalition (from Nader types to oil companies) is also working hard to get Davis to sign it. Davis has said that he will veto the bill on the advice of the Treasurer and bond counsel. Given today's vote, however, Davis may have no alternative than to sign the bill if he wants to get the bonds issued and the state budget repaid. Update on Edison Bailout Still appears that chances are very small that Edison and Davis will succeed in getting the Legislature to vote for an Edison bailout when it returns for another ""special"" session next Tuesday. If you have any questions, just let us know." dasovich-j,"yep. Joseph Alamo 07/10/2001 07:31 PM To: Jeff Dasovich/NA/Enron, Susan J Mara/NA/Enron cc: Subject: Re: Weekly Staff meeting? so -- 8:30 Thursday okay with both of" dasovich-j,"Talked to John Fielder (SVP at the utility) this morning in an attempt to determine if Edison will come around and pay us the PX credit they owe us. Summary of our offer: Edison pays us 90% of what they owe us as of 01.17.01. Payment structure: Edison pays us 10% immediately, with an agreed to (speedy) payment schedule for the remaining 90%. In return, we drop our complaint against Edison at the PUC. In return, we agree to a bottoms-up approach retroactive to March 1 to replace the current PX Credit/Residual CTC framework. Fielder said that he didn't see any show-stoppers in our proposal, but had to check back on his end. However, there were three additional issues that he wanted to add to any deal: Some agreement regarding payment of Edison's undercollection (this would cover any of our DA customers who were bundled services customers pre-January 17). We agreed that this would only be an issue to the extent that the Legislature and/or the PUC agreed that Edison should get authority to recoup its undercollection in rates. Some agreement on DWR stranded costs. John expressed the view that DWR bought power under the assumption that the customers who've recently gone DA would be there to take the power, and now that they've left, they should contribute in some way to any stranded costs. I told John that this issue is a hornet's nest, that we were better off leaving it out, but we'd consider his proposals. Some agreement on forebearance. I told John that if Edison agrees to pay us, it didn't seem that forebearance would be off the table. We agreed to touch base at the same time Wednesday morning. The idea is that he'll get back to me with Edison's reaction to our proposal; and we'd get back to him on Edison's proposals. Might be useful to determine whether we want to continue the discussions. While John seemed very inclined to work something out, all signals are that the Legislature isn't inclinded to bail Edison out next week. In which case, Edison could be in bankruptcy in a couple of weeks, which would presumably nullify any agreement we might reach with them. On the other hand, if the Legislature pulls a rabbit out of a hat, an agreement might have real value. Any comments folks have on 1) Edison's proposals and 2) whether it makes sense to continue discussions on Wednesday are appreciated. Seems that, at a minimum, if we agree to consider Edison's proposals, then our payment should go from 90 cents to 100 cents on the dollar." dasovich-j,Great idea. Thanks very much for the info. Katz is point-person for Davis on the Edison MOU. dasovich-j,Let's look some more. I don't think there's anything that would disqualify any plants. dasovich-j,"Folks: Before filing comments on Bilas' proposal to modify our settlement with SoCal and vote it out on the 25th, I wanted to get a sense of how folks feel about it generally. Hope all is well." dasovich-j,Talked to Craver's office. His office is going to get back to me about meeting at Edison early next week. That work for you? dasovich-j,Interesting thanks. Any word on the transcript? dasovich-j,"No problem. Give me a little time and I'll get you some names. What's your timeframe? (Probably yesterday, right?)" dasovich-j,"Published Tuesday, July 10, 2001 State discloses spot power buys By Andrew LaMar TIMES STAFF WRITER SACRAMENTO -- They range from small power sales of $922,000 by the East Bay Municipal Utility District to more than $1 billion of power sold by Atlanta-based Mirant power company. All told, California paid $7.7 billion in spot purchases of electricity from 69 agencies across the United States during the first five months of 2001, according to a report delivered to lawmakers Monday. The data also shows that the state paid a hefty average of $263 per megawatt-hour for the power. But what's most striking is the long list of agencies, both private and public, that sold power to California. Agencies like the Los Angeles Department of Water & Power, $331 million; the California Independent System Operator, $3.9 million; Public Service Company of New Mexico, $126 million; and PG&E Energy Trading Company, $24 million. Receiving the most money was Atlanta-based Mirant, which sold $1.2 billion of electricity to the state January through May. The second-largest seller was Powerex, a subsidiary of Canada's BC Hydro, which earned $1 billion. The total cost per day ranged from as little as $20 million to more than $100 million on three separate days in May, when hot weather and tight supplies boosted spot market prices. In addition, the report reveals that the state's energy consultants significantly underestimated the amount of energy the state would need to buy in April and May. Navigant Consulting, Inc., forecast the state would have to buy 12.1 million megawatt-hours for the two months but the state ended up purchasing 15.1 million megawatt-hours. The Sellers The following is a partial list of companies that sold electricity into the California spot power market from Jan. 18 through May 31. For a full list, go to www.contracostatimes.com . Company name, total dollar amount: Allegheny Energy, $97,113,823 Arizona Public Services, $748,400 Automated Power Exchange, $2,541 Bonneville Power, $167,543,006 BP Energy, $110,776,576 California Department of Water Resources, $84,672,490 Calpine Energy, $29,169,658 City of Anaheim, $6,707,456 City of Burbank, $92,271,904 City of Glendale, $16,106,550 City of Redding, $85,280 City of Riverside, $62,700 City of Seattle, $2,461,225 City of Tacoma, $2,353,465 City of Vernon, $4,398,288 Commission de Federale Electricidad, $9,800,460 Duke Energy, $164,325,467 Dynegy, $296,294,363 East Bay Municipal Utility District, $922,560 El Paso Merchant Energy, $83,923,493 Enron Power Marketing, Inc., $44,276,800 Eugene Water & Electric Board, $94,147,219 Fresno Cogeration, $214,008 Grant County PUD, $49,013,211 Merrill Lynch Capital Services, $92,185,980 Modesto Irrigation District, $87,500 Morgan Stanley Capital Group, $8,864,625 Nevada Power Company, $25,378,035 PG&E Energy Trading Companies, $23,718,708 Portland General Electric Company, $354,821 Public Service Company of New Mexico, $126,799,436 Puget Sound Energy, $40,000 Reliant Energy Service, $122,598,810 Sacramento Municipal Utility District, $80,673,353 San Diego Gas & Electric, $5,768,380 Sempra Companies, $429,019,440 Silicon Valley Power (City of Santa Clara), $116,000 TransCanada Power, $38,829,528 Tucson Electric Power, $10,236,050 UC Davis Med Center, $1,141,600 U.S. Dept. of Energy," dasovich-j,"Jesus, I'm on acid. I meant Sunday morning." dasovich-j,Very quick and dirty--not even fully proofed. But wanted to get something out for folks to shoot at. Let me know your thoughts. Sure I've missed about a million things and mucked up about the same amount. Happy Thanksgiving. dasovich-j,Thanks very much. I faxed one the PUC filed against the Colton contract. dasovich-j,"Could you forward Dan's draft. While Aaron's points are good ones, I think may tipping at windmills..." dasovich-j,"really sorry to bother you with this, but any idea of whether my tuition reimbursement has successfully made it's way through? Thanks a million." dasovich-j,Hi. You guys gloating over the fact that the Yankees are getting CRUSHED by the D-Backs? Hope you're both well. dasovich-j,congratulations. just more evidence that regulation moves with lightening speed! dasovich-j,Thanks so much. Really appreciate it. dasovich-j,"I agree. Sue, I'm willing to join Mike in a meeting with Bilas. Mike, can you set up a meeting for Wednesday morning? Sue: Can you meet with Brown/Gamson? Others have thoughts about these meetings? PS Boeing's lobbyist told Katz today (Davis' point person on 78)that the date must be September 1, period. Katz told the Boeing lobbyist that the August 25th date is there to ""screw Enron."" Hedy has confirmed that Raytheon is also working the date issue." dasovich-j,"Hertzberg (speaker of the CA Assembly) called a meeting yesterday afternoon of the group of market participants that have been negotiating the ""core/noncore"" proposal in California. The purpose of the meeting was to brief us on their activities and their gameplan for trying to find a solution for California. Here's a summary of the meeting. Please keep confidential. Work will be done over the weekend to put the core/noncore proposal in legislative language. (We will be in the room.) Work done by the ""Plan B"" group in the Assembly (Joe Dutra and Joe Nation) will also be put into legislative language over the weekend. Because no proposal is ""comprehensive,"" a complete legislative package will be created from the various pieces that have been worked on thus far (i.e., core/noncore, ""Plan B,"" Edison MOU) In addition, there are Republican demands that Hertzberg will need to address (e.g., end the litigation) in order to achieve bi-partison support, which is what Hertzberg's shooting for. To move the legislation, the plan is to establish a ""conference committee,"" comprised of an equal number of Democrats and Republicans. The committe would begin work on Monday and would attempt to finish putting a comprehensive bill together, vote it out of the Legislature and send it to the Governor for signing by Monday, July 16th. July 16th is the deadline because that is the date that the PUC will issue its proposed decision regarding, among other things, how DWR's revenue requirement will be put into rates, whether Direct Access needs to be suspended, etc. The PUC is issuing the draft on the 16th in order to give everyone 30 days to review and comment before the Commission votes on a final order on August 15th. (The PUC will actually issue a ""thought piece"" on Monday the 9th and will use reactions to the ""thought piece"" to craft the develop the proposed decision it plans to issue on the 16th.) All of this is still up in the air, however. As of right now, the leader of the Senate (Burton) has not agreed to Hertzberg's gameplan and the Republicans, while interested, have not yet committed to join the process." dasovich-j,We'll review and let you know. Thanks and have a good weekend. dasovich-j,FYI. Please keep to yourself at this point. You hear anything from Norm about the PUC machinations? dasovich-j,can you email the most recent version of the QF buy-out presentation? I want to forward it to Tom Beach (consultant to CCC) prior to Wednesday. Thanks. dasovich-j,"Probing the 'palace coup' Electricity: A panel focuses on price hikes and the actions of the ISO president. September 26, 2001 By KIMBERLY KINDY The Orange County Register SACRAMENTOA state Senate committee is set today to start serving 16 subpoenas on electricity producers and officials who manage California's energy grid to determine whether they acted in concert to manipulate energy prices. The investigative committee, headed by state Sen. Joe Dunn, D-Santa Ana, is focusing on a series of events last fall filled with enough Shakespearean plot twists and intrigue that it has earned a name around the Capitol: ""the palace coup."" Lawmakers and consumer groups allege that the events - directed by the man who heads the state's energy grid - fueled the California energy crisis, pushed the state into the power-buying business and helped make billions of dollars for power producers. The central question behind the palace coup is whether Terry Winter, the president of the Independent System Operator, acted alone when he took steps to remove key price caps designed to limit the amount power generators could charge. Winter defied his own board and Gov. Gray Davis when he filed a 50-page request to remove the caps, records and interviews show. ""I don't know how these events could have taken place without some concerted effort,"" said Dunn. The subpoenas will force those involved, including Winter, to provide sworn testimony about the events to the committee, and to turn over e-mails, personal calendars and memos. Davis spokesman Steve Maviglio said the governor felt ""betrayed"" by the actions of Winter. ""The governor believes it was the defining moment, when what was a mounting problem turned into an instant crisis,"" Maviglio said. Winter refused comment, referring all questions to the public relations office. ISO spokesman Gregg Fishman said Dunn's committee will find no criminal conduct. The decision was made by ISO upper management with one goal in mind: to keep the lights on. At the time, generators were refusing to sell power in California because of the price caps. ""It was an emergency,"" Fishman said. ""We had to take action.'' What became known as the palace coup began on Oct. 26 when ISO board members voted for severe restrictions on the amount of money electricity producers could charge for power. The restrictions would drive prices as low as $65 per megawatt - nearly 12 times below the $750 per megawatt limits of seven months earlier. ""They (electricity generators) grinned and beared the $750 price cap, but this new plan by ISO was too much,"" said Dunn, whose committee has been investigating since March. ""All hell broke loose.'' Records show that on Oct. 31, power generators and electricity traders filed letters with the Federal Energy Regulatory Commission, demanding that the new plan be killed. The letters, six in all, were sent within two hours of each other and represented dozens of power generators. ""If not removed immediately, the (ISO) price cap will sow confusion in the market, threaten reliability and stifle new investment in generating capacity,'' read one letter written by Duke Energy Vice President William Hall III. Although there is nothing illegal about the generators acting together to lobby against price caps, Dunn believes the letters and other actions around the same time showed clear coordination among energy officials. He said the main aim of the subpoenas will be to determine whether collusion occurred to ""fix"" prices, which would violate federal trade laws. In the Oct. 31 letters, electricity producers told federal officials that if price caps weren't removed it would lead to a collapse of the energy market. The generators got their way. The next day, the federal commission killed the new pricing plan. What was left in place was a $250 price cap established five months earlier. Power producers then turned their attention toward killing that cap, saying they couldn't make a profit even under these constraints. They began to withhold power from California, and on Dec. 7 the ISO declared its first Stage 3 emergency and braced for blackouts, which were narrowly averted. What followed the next day is considered by the governor and Dunn to be the pivotal moment of the energy crisis. Winter, who in his position as president and chief operating officer of the ISO, submitted a 50-page emergency request, asking federal officials to abolish the $250 price cap. Final authority over lifting the cap rested with the federal government. Neither the ISO board, which had established the price cap, nor the governor learned of Winter's actions until the cap had been removed. In fact, the attorney who helped draft the emergency request, Charles Robinson, was in a meeting with representatives of the governor and ISO board members just hours before the filing was made. He didn't mention anything about it. ""In retrospect, we should have told them,'' Robinson said. With the price caps gone, the generators filed paperwork with federal regulators justifying higher costs. ""The ISO staff sat in a meeting with the governor's key energy advisers with poker faces, not saying a word about something that was going on at the exact same moment,'' Maviglio said. ""It was beyond belief that they failed to mention something so significant. This action accelerated the utilities' move toward bankruptcy and forced the governor to move the state into the power-buying business."" Prices for electricity jumped from an average of $249 a megawatt to $700 a megawatt within three days, ISO records show. Dunn believes the resulting overcharges for electricity exceeded $30 billion. Robinson said the filing - granted two hours after the request - helped rather than hurt Californians. Prices, he said, did not spike as a result. Instead they followed the skyrocketing price of natural gas - which is used to run power plants to generate electricity. Robinson said the emergency order allowed the ISO to secure refunds should overcharges for electricity be proven to federal officials. ""We believe the action we took addressed a severe concern,'' Robinson said. ""In our view, we did not believe we changed or made worse the financial situation. We felt we made it better because it introduced a process for review and refund."" Jan Smutney-Jones, who was the ISO board chairman at the time and executive director of a group that represents power generators, said Winter did not consult him about eliminating the price cap. Smutney-Jones also said he was unaware of anyone in the power-generating community being consulted. ""Terry did this by himself,'' said Smutney-Jones, executive director of the Independent Energy Producers. ""He did what he thought had to be done at the time to keep the power flowing."" The ISO board called an emergency meeting the next week demanding Winter explain his actions. Some board members pushed to have Winter removed, but there were concerns such action would lead to more chaos, the governor's spokesman Maviglio said. James J. Hoecker, the former Federal Energy Regulatory Commission chairman, defended making the December decision and also defended Winter. ""They filed an emergency motion, and we were not about to let California go dark,'' Hoecker said. ""They (ISO management) did what any independent system operator would do."" What Dunn's committee hopes to learn is why all these events transpired. He believes memos and e-mails around the time of Winter's Dec. 8 actions should provide vital clues. ""We don't know why he did what he did, but we are eager to find out,"" Dunn said. ""Terry said he made that filing in the interest of Californians, but I find that argument has no basis in" dasovich-j,"tribolet didn't know about it. might just be the ""small"" whalley group. I'll chk back with calger tomorrow am to see." dasovich-j,"Before providing more elaborate descriptions, wanted to try to get a complete--but stripped-down--list of the key risk areas. Please add anything I may have missed, send it back, and I'll take a shot at fleshing it out." dasovich-j,"It seems that since we've already contributed, we're invited. Given where Davis' numbers have gone recently, Riordan's imminent announcement and potential, and the fact that the Rs have played it about as well as could be expected under the circumstances (save for Morrow, who we may want to bring up with Brulte if the lunch is attended, this could be a useful gathering. And it doesn't require crossing the border into California, to boot." dasovich-j,"Going down to Fielder's for a bar-b-que tonite, watch a little TV and get this thing settled. Seriously, he and I have traded messages today. When we hook up, I'm going to ask him when we can meet and get this settled. I'll let you know what he says as soon as I hear back." dasovich-j,"For you, anything. My kingdom for a Kaufman..." dasovich-j,"Guess who? Me again. You thought about having your guy Jack (who's likely got the most juice of anyone in the group) go to the Governor and tell him to tell Angelides to knock it off and to back off? Second, what do you think about sending the letter directly to Angelides--after all, he's the one who's being a chowder head--and cc'ing Loretta? Third, I should be able to get you something on our view of RTOs." dasovich-j,Great. Tom will get back to me to confirm that 11 AM works for him. I'll let you know. dasovich-j,"Hey, babe, how's things? You get your glasses? When we gonna get together again for a Spades massacre? Could you order me one case of coastal cab, one of coastal zin and one of Mondavi 1997 cab? Kisses, Jeff PS Last night Prentice made the most delicious porcini risotto from a veal stock that she and Cameron made! It was truly (no kidding) incredible." dasovich-j,FYI. Please see note chain. Legislative effort differs considerably from this. Note on that bill and today's Leg events to follow. dasovich-j,"I thought that might be the case. Didn't want to be so bold as to bring it up, though. You looked great with glasses. You look great without them. Thanks again for the email." dasovich-j,"Hi Evie: Two quick things: 1) My understanding is that the PUC has denied the applications for rehearing. There's a group that is fixing to take it to the court of appeals level--can't see any downside ( a) argument is that the PUC erred in its decisionmaking--no record, no facts, no evidence, etc., and that it needs to go back to the drawing board and get the process right before it suspends anything--and b) the heavy-lifting was already done getting the app. for rehrng prepared). Seems like getting a chance to re-argue at the PUC has alot of positives. Were you planning on doing anything? 2) I want to talk to Michael Alcantar about some interesting QF ideas, but wanted to check with you first. Frankly, I'm ignorant as to whether that still occupies a big spot on his plate, if he represents the same folks, etc., and thought I'd check with you first. Hope (all things considered) you're doing well." dasovich-j,Tee hee. More questions to follow. Can't wait for the answers.... dasovich-j,don't worry about it. i'm just sending the check now. whenever you get the wine is fine. and thanks again for doing it. dasovich-j,"No kidding. However, it's safe to say that all concerned believe that your comparably quality and well-equipped to fill his shoes. Hope to see you on the golf course soon." dasovich-j,No problem. Thanks for the response. I understand the need to keep powder dry. Talked to Hertzberg this morning. The 3rd extraordinary ain't sounding like it's going to be a winner. Hope to talk soon. dasovich-j,"FYI. I've talked to Jeanne, and she and Mike may have not completely communicated on this. Given the uncertainty, I'm having to hold off on sending a note around. I'll do one after the call." dasovich-j,"Wait. You mean that the first time you've seen John Wayne in a movie, or John Wayne being spooky?" dasovich-j,"Will do. Won't have it expand beyond that, unless Belden, Vicki or Janet specifically want someone else." dasovich-j,"Much happened yesterday--wow!--and at least for now, it appears that Loretta has let the Legislature off the hook--appears that the PUC is still a fairly potent institution. But it also appears that what had been (a foreseeable and avoidable) energy crisis, is now by and large a pretty messy state fiscal and political crisis for our good friends in Sacramento, so I don't think that legislators, irrespective of their wishes, can avoid staying involved. Add 18XX to the mix and the signing/veto process generally, and, well, Sacramento still seems pretty darned relevant. As such, we will have our regularly scheduled call tomorrow at 11:30." dasovich-j,No problem. Thanks for the update. You know how to reach me when you've got it pulled together. dasovich-j,"Thanks. BTW, the pager jab was aimed at you....:) Karen Denne 07/10/2001 04:52 PM To: Jeff Dasovich/NA/Enron@Enron cc: Subject: Re: Dunne Letter You poor thing. What you really meant to say was GET OFF MY BACK PEOPLE!!!!!!!!!! I CAN'T WRITE WHEN YOU'RE ALL HOUNDING ME ""WHERE IS IT? WHERE IS IT?"" am I close? :-)" dasovich-j,"Nice presentation. Look out Horowitz!! My suggestions are attached. Two other things: 1) If you're not fully prepared to defend the numbers on the ""blunders"" slide, I'd reconsider using it. There may be press there, and they may press you on them. 2) In place of the Jefferson quote (""freedom fighter"" may be viewed as somewhat over the top--though I'm in complete agreement--), you might try the J.S. Mills quote ""When in doubt, always trust markets."" Finally, in these sensitive times, the term ""hostage"" may not be viewed as 100% sensitive." dasovich-j,"Folks: Here are my edits. For simplicity, I accepted all the other changes and put mine in strike-out-underline. They are confined to the direct access section, and to the provisions regarding ""spot market service"" in particular. Based on our negotiations, I think it's accurate to state that spot market service was never discussed as ""an option to elect."" Instead, the language in the agreement states that it is a ""backstop,"" in the event that on any given day a customer's ESP doesn't show up with the power. In effect, it retains the utility's duty to serve, like the gas side, but does not expose the utility to any risk of cost recovery for the spot service provided. I've also added provisions which obligate the utility to provide spot market service in the event that at the outset of the program (i.e., the transition date), the customer, for whatever reason fails to elect Term Service or Direct Access Service. In both cases, the spot services lasts for a maximum of 30 days, after which the customer must choose Term or Direct Access Service. Please take a look at the language. While I haven't put any ""stakes in the ground"" up till now, I feel strongly about these changes (for reasons I'm happy to discuss), and if folks have issues with incorporating it into the document, I'd request that we have a very brief call to discuss. I believe that the language as proposed captures my conversation with Dorothy. In addition, I've also taken a stab at language requested by Delainey, i.e., ""what to do about DA in the interm?"" There may be better ways to craft the language, but I took a shot nonetheless. Finally, I'm assuming, based on yesterday's call, that, by delivering this document to the Speaker today, no one is giving their approval, support, or anything else for each and every provision. I'm not prepared to, and cannot, do that at this time. Thanks again to all for all the effort (and to Dorothy for her patience in hearing me out earlier)." dasovich-j,"....where geniuses speak... Colleen Silva 07/10/2001 03:03 PM To: ""'Jeff.Dasovich@enron.com'"" cc: Subject: RE: hey whassup? yay, kisses and no i didn't know about eggers, where is he speaking?" dasovich-j,call me re: ISO. Jeff 415.782.7822. dasovich-j,"Well, I think that Enron's fate is going to affect everyone, including me. But no worries, I'll land on my feet. Love to have tea, just let me know when. How you doing?" dasovich-j,"FYI. The call took place today at 4:00 pm EDT, but is available for replay for 48 hours. _____________________________________________________________________________ > > Today at 4 pm, California Governor Gray Davis will host a conference call > to report progress on energy issues and discuss FERC settlement talks. > > The call-in number is (800) 230-1059 and no code is necessary. > > The session will be recorded and available as a digitized replay for 48 > hours at 800-475-6701. Access code: 594640." dasovich-j,Hi. Could you re-email the ARM press release re: supreme court? I want to distribute it around a bit. Thanks. dasovich-j,I'm in. thanks so much. dasovich-j,"Love to go to lunch. Maybe Friday? If not Friday, let's try next week." dasovich-j,Thanks. Sorry for the latest. Was on the road this morning. dasovich-j,this is true. good point. dasovich-j,See email. Call w/Sanders et al @ 5PM CDT to update contempt action. dasovich-j,"Thanks. Is it safe to say, from you notes, that DealBench is ""winding down?""" dasovich-j,"Hey darlin'. You on this list, too. Crazy, non? Well, what isn't crazy these days? Hope you're OK." dasovich-j,"Davis devises new borrowing plan His executive order could speed up $12.5 billion in bond sales and bypass PUC oversight of repayment mechanism. SACRAMENTO -- Gov. Gray Davis is crafting a new plan to expedite the long-delayed borrowing of $12.5 billion to repay the sagging California state budget for emergency electricity it bought during the energy crisis. The plan -- which could be contained in an executive order as early as next week -- would minimize the role of the state's top power regulator, the Public Utilities Commission, which enraged Davis last week when it declined to sign off on his original plan. With enough power now under contract to avert blackouts and plans in place for the recovery of the two state's largest utilities, the repayment to the state treasury would resolve one of the last remaining issues of the energy crisis. ""That is one scenario,"" Davis spokeswoman Hilary McLean said Wednesday when asked about the proposal. ""There are a number of different scenarios being considered. Nothing has jelled yet that is ready to be publicly announced."" Most involved in the debate have long agreed that the state should sell $12.5 billion in revenue bonds, most of which, about $9.6 billion, would go back into the state treasury. The issue was how to lock in a mechanism by which the bonds would be repaid - a critical step before they could be marketed to investors. Davis wanted the PUC to approve a plan that would repay the bonds and cover the state's energy costs through the revenues collected from ratepayers. But the PUC said the administration's proposal might prove inadequate over time, leading to future rate hikes. The PUC also said the administration's plan gave too much authority to the Davis-controlled Department of Water Resources, by allowing the department to raise electricity rates to get more revenue. The PUC, which is set up to be an independent board with the sole responsibility for setting utility rates, did not want to cede that authority. It rejected the Davis plan Oct. 2 on a 4-1 vote, led by its president, Davis appointee Loretta Lynch. Davis earlier said the commission's approval was necessary to reassure investors and get the bonds to market. The plan now under review, however, would bypass that. The DWR would not directly set rates, but under the Davis plan it would be charged with identifying how the money coming in from customers' utility bills over the next 20 years would be allocated - in effect, guaranteeing that paying back the bonds would have equal priority with paying back the suppliers of the energy. Proponents of the plan believe that would satisfy Wall Street. The administration believes it would require no additional rate hikes. Lynch said Wednesday that she had not been involved in the latest negotiations, but questioned whether Davis had the authority to issue an executive order allowing the DWR to get involved in setting rates. ""I've been told for six months that the PUC was needed to pass a rate agreement. If the DWR can get the bonds sold by themselves, then great,"" Lynch said. ""But to dedicate rates, it takes a financing order from the PUC or a statutory change in law, a statutory set-aside. It takes one of those two things."" The governor is likely to announce the plan sometime following his expected veto of the bill that lays out the Legislature's version of the payback plan. By law, the governor has until Sunday to act on SB18xx, by Senate Leader John Burton, D-San Francisco. Davis opposes Burton's bill because it gives bond buyers priority in getting paid, followed by the energy suppliers. The power companies' contracts contain provisions giving them payment priority, which Davis believes could throw the contracts into legal dispute. If Davis signs the order soon, the bonds could go to market early next year. Having the proceeds in the state treasury by then is considered by some critical with the state facing a projected $4 billion to $6 billion shortfall in other income." dasovich-j,Just talked to Fielder. U have 5 minutes to debrief? Sending this to Kean/Shapiro/Steffes. dasovich-j,"Dorothy has informed that CMTA will file solo. (Keith's got kids in expensive colleges, you" dasovich-j,"Need to think about it a bit. Here's some of what we know based on the settlement: Total debt = 6.35 B After they contribute all cash on their books and agree to eat a little, the PUC is allowing them to collect somewhere between $3.0-3.3B--depends on who you talk to. The total owed to ESPs is $243 MM." dasovich-j,"Paul: Thanks very much for the note. For the moment, we do still intend to go ahead with the projects and will stay in very close contact with you should the situation change. If you have any questions, please let me know." dasovich-j,"Where have you heard that? And what is it saying? PS I don't think that ""To Welsh"" is a politically correct term." dasovich-j,interesting. thanks. dasovich-j,"Dude: You started searching for ski gear for Cameron yet? Love to work on it together, if possible. Maybe, if we're buying two sets of skis, boots, poles, we'll get a discount. You still plan on getting that?" dasovich-j,"Thanks. If we ever get out of this mess, you can rest assured that I'll help out. Can you remind again right after the first of the year, at which time we should have a better idea of where this ship is heading? Thanks." dasovich-j,"On Friday, the Assembly failed to get its version of the Edison MOU out of the appropriations committee. The bill must pass out of that committee before it can go to the full Assembly for passage. Negotiations continue among Assembly Democrats about what the final bill should look like. The Assembly will try again to pass the bill out of the Assembly on Tuesday. In response to the California PUC proposed order, which would retroactively end Direct Access on July 1, the Assembly amended its bill on Friday to include its own ""date certain"" for the temporary suspension of Direct Access. The Assembly bill would now suspend Direct Access beginning August 25. We are working with others to get the date of suspension changed to either 1) the date the bill is signed or 2) September 1. We will provide additional information on Tuesday about the bill's status and our progress in changing the suspension date." dasovich-j,Greetings Eldon and Nancy: Here are the picks. Hope you're well. Gloucester's been great. Incredible weather; New England charm; LOTS of lobster; lots of golf. We get back into town around 7 tonite. Talk to you soon. dasovich-j,"Last time I was in Houston, an IT tech deleted everything---I mean everything---so I need to hunt it down. Will do so immediately and get you a copy." dasovich-j,"plz call me when you get a minute. thx," dasovich-j,Thanks. I'll take care of it. dasovich-j,"Playboy Online staff cutbacks Playboy Enterprises plans to cut about a third of the jobs in its online division, according to the Wall Street Journal. As part of a company streamlining, a spokeswoman for the media company said 44 jobs are being eliminated in its online unit. Playboy Online had revenue of $13.1 million in the first six months of the year, and counts 95,000 paying subscribers to its service. ""We're not a particularly ad-driven company, but we can look at the financial outlook as well as the next person, and we look at the economy and want to make sure we can weather it well,"" the spokeswoman told the Journal." dasovich-j,We should resurrect Mike Smith's note and get him on the call in the attempt to avoid recreating the wheel on this one. I can dig it up if you'd like. dasovich-j,"OK, I'm getting the meetings set up. What day do you want? And what about the pilot--need info, over. And who's you're knight in shining armor in EES?" dasovich-j,Bob's home number might be 617.567.8871 (rather than 8877). His cell phone is 415.713.4473. dasovich-j,"Agreed. Karen, can you and I talk briefly before you call Ken? Thanks." dasovich-j,"We're currently scheduled to follow-up with Edison at Noon CST (10 AM PST) on Thursday, Nov. 8th. We'll set up a number and distribute to folks." dasovich-j,Bob's number is: 617.567.8877. It's his home number. Feel free to call him there. dasovich-j,I apologize. My schedule went crazy. But I will have the update for you first thing in the morning. Promise. dasovich-j,bumpy times. gonna take alot of work to come back. i'll fill you in some time. dasovich-j,Thanks for the info. No issues at my end. dasovich-j,"John Fielder SVP of Edison will expect Dave and Mike (and me, if I'm not wrappped up in the interminable BS to try and get CA's market back on its feet) at Edison's offices in Sacramento at 1 PM tomorrow, Wednesday, July 11th. Address: 1201 K Street (12th & K) Suite 1810 Sacramento 916.441.3966" dasovich-j,It was good to see you. Glad you had a good time. dasovich-j,"Listening to the Edison call w/investors Edison says they will pay everyone at the same time (""big bang"" approach) sometime in Q1'02. My concern is that between now and then Dunn, the AG have the time and resources to make a heckuvalot of mischief, which could be detrimental to generators/marketers' claims. Investors are asking what Edison intends for QFs and generators--asking about haircuts in particular--and Edison is side-stepping the questions." dasovich-j,"Great. Just to make sure. I've got an address of 3310 El Camino, Suite 120. This correct? Is there a number there in case something comes up?" dasovich-j,"Here's the suggested plan to try to make our weekly calls as efficient, painless and useful as possible. All other ideas, thoughts, comments, etc., are welcome. We'll set up a recurring call-in number (for Thursday's at 8:30 AM, i.e., same number every week) It will be assumed that everyone will call in; no pre-meeting prep necessary. If someone doesn't call in, it will be assumed that the person has a conflict and can't make it (giving the benefit of the doubt is a virtue). Those that do call in will conduct the call. (Again, the assumption is that, save for minor exceptions, everyone will be on the call.) Thoughts?" dasovich-j,That's great. More the merrier. I assume you heard about what happened at the PUC today. I think it classfies as amazing. The planets may be favorably re-aligning just a little bit (one hopes). dasovich-j,FYI. You know if Tim's still at Enron? I haven't heard from him for quite some time. dasovich-j,"zero Joseph Alamo 06/29/2001 04:59 PM To: Jeff Dasovich/NA/Enron cc: Subject: Re: Friday whereabouts? hmmmmmmm....still no sign of you at 3 pm... so....how many vacation hours shall I put you down for then, hmm??" dasovich-j,Just heard from Michael Rochman of SPURR/REMAC. He wants to sign on . dasovich-j,"Thank very much Joseph. Alan and Sue, I'm comfortable canceling tomorrow's call unless either of you have a burning issue to discuss. We can start with the new arrangements beginning next Thursday, assuming that works for folks." dasovich-j,"Hey: Just heard back from Brad. He's not cancelling. Just post-poning. Lots--and I mean lots--going on. I think that, realistically, we're talking December. Sorry about that, but you know how quickly things can change....You guys hang out with the McCourey's at all? Kisses," dasovich-j,"I'd like to do everything but the decking for the deck. We can hold off on that. In addition, I may have some ""salvaged"" redwood decking I may want to add to the mix once I get ready to install the decking." dasovich-j,"FYI. Note below that even the mighty and powerful Power Authority's own crackerjack analysis asserts that there is still a net short (despite DWR contracts and DA ""stampede""), which should leave one to believe that, contrary to Angelides' letter, the more the DA the better. Which further supports Loretta Lynch's response to the Angelides' letter that DA reduces the amount of spot power DWR has to buy." dasovich-j,"Jeez, nice company. Putting you up for 10 days at the Waldorf. I love that neighborhood. Anywho, I'll check those dates and get back to you." dasovich-j,"Heeeeeeeeeeeeee Haaaaaaaaaaawww!!!!! Gouge dat taht moh! ""Thompson, Thomas W."" 07/09/2001 05:07 PM To: ""'Jeff.Dasovich@enron.com'"" cc: Subject: just thinkin' I just looked down onto the mouse pad I've been using for the past four years (literally) and I notice that it advertises the ""Transwestern Pipeline Company - An ENRON Company"". Insidious; it has influenced my every click over these past years...Oh, how the Taht Moh turns!" dasovich-j,"FYI. QFs meeting with Edison today. Edison has not yet offered information on 1) date certain when QFs will be paid what they're owed, or 2) when the 5.37 cents will kick in." dasovich-j,Dan: Could you send along the ARM/WPTF filing? Thanks. Sorry you didn't get a copy Evie. dasovich-j,"eeegads. you heard about the story circulating that skilling attended a ""high society"" pajama party last weekend in houston. eeks." dasovich-j,"great time. SO sorry I passed out. Man, I just suddently hit the wall. On the Jay thing. There's no pressure at all. If you guys are uncertain, that's no problem. Just need you to understand that I'm moving ahead. Most importantly in the near term. Are you guys hip on sharing the cost of getting appraisals? Just let me know. And again, let's keep this light. No frictions. Everyone needs to feel comfortable with where they are, etc. etc. etc. Worse thing in the world is to let biz/finances get in the way of friendships. Keep your taht moh rising." dasovich-j,Thanks so much. I'll email when faxed. dasovich-j,"FYI. Latest word is that Assembly, Senate and Administration staff have been locked in a room with orders not to emerge until they've struck a deal on the Edison MOU. Word on DA is not good. Thus far it appears that the PUC ""study"" outlined in the letter from Burton & Co. to Lynch is as far as the Senate wants to go at this time, but folks continue to push. Seems to be a possibility that, if the Legislature does reconvene, there may be a push by ""green Senators"" to pass a ""green only"" DA bill. In addition, Lynch is setting the stage to have the PUC reject the rate agreement between DWR and the PUC on Tuesday. This despite the Governor calling to vigorously lobby each of the commissioners. Despite the strong arm tactics, it appears that Brown may be the only aye vote at this point. The idea is that, if the PUC votes down the rate agreement, the only thing Davis will have left is 18XX. We'll report back with news as we get it." dasovich-j,"FYI. ORANGE COUNTY REGISTER EDITORIAL: DAVIS HURTING STATE In an editorial, the Orange County Register blasts Gov. Gray Davis and his board picks for the California PUC, which, the paper asserts, have nullified the only good to come out of California's energy deregulation - consumer choice. With commentary from Lance Izumi, an electricity policy analyst at the Pacific Research Institute, the Register says a PUC policy that requires customers to buy power from their local utility company is forcing ratepayers to fund Davis's overpriced energy purchases. The negative impact on California businesses, some already in a slump, could force the state's economy into a recession and discourage businesses from relocating there, the editorial said. It's reminiscent of the 1990's when government policy caused an economic bust and state unemployment shot to 10% (Orange County Register via Knight Ridder/Tribune News Service, Sept. 25, http://www.ocregister.com )." dasovich-j,"FYI. See highlighted comments below. Don't know if you've heard, but there's considerable talk about Davis trying to get the bonds out via Executive Order. How that might work technically is unclear---at the end of the day, Lynch & Co. have to approve any ratepayer funds used to service the bonds. Perhaps Davis is thinking about shifting the burden to taxpayers generally. In off line conversations with JP Morgan people, they're saying the Executive Order route is ""doable,"" but they ain't giving any details. We're trying to find out more. Alternative SDG&E debt plan to get hearings Approval of the governor's plan for paying the $747 million debt SDG&E says it is owed by its customers appeared less certain yesterday, as the president of the state utilities commission said she planned to hold public hearings for an alternative proposal. Loretta Lynch, president of the California Public Utilities Commission, said in a local radio interview that regulators will hold hearings in San Diego regarding a plan from consumer groups that purports to save customers about $185 million more than the governor's proposal. The groups said the earlier plan negotiated between the governor and the utility would be costly for consumers and a windfall for San Diego Gas & Electric. At stake is how much SDG&E contributes and how much customers pay toward the debt, which accumulated in a so-called balancing account when SDG&E paid more for electricity than it was able to collect from customers during the power crisis. Despite the plan for hearings, Lynch told KPBS-FM radio that the commission would make a final decision about how to resolve the controversial $747 million debt by November. The governor and SDG&E announced their plan in June, saying it required the utility to contribute $319 million toward the debt and eliminated the balancing account without lengthy litigation or raising rates. Consumer groups, led by the San Diego-based Utility Consumers' Action Network, say the governor's plan does not go far enough, particularly because SDG&E earned an estimated $400 million in profits from the sale of electricity during the power crisis. Under the governor's plan, those profits are awarded to the company's shareholders, though SDG&E would use $219 million from the profits as part of its $319 million contribution toward the debt. Under the consumer groups' plan, SDG&E would be allowed to keep some of the profits, but it would contribute $72 million more than it would under the governor's plan. The alternative plan also would require the utility to make other monetary concessions. In a formal decision earlier this year, the California utilities commission said SDG&E's profits do belong to customers. SDG&E has sued to overturn the decision in court, but it has put the litigation on hold pending the utilities commission's resolution of the plan to pay the debt. Michael Shames, executive director of UCAN, said yesterday that he was encouraged by Lynch's call for hearings on the consumer plan. ""There is $400 million at stake here,"" Shames said. SDG&E said yesterday that it had not received formal notification about the hearings, nor had it yet seen the alternative plan for paying the debt. A spokesman for the utility, however, repeated earlier comments that the company saw the alternative plan as an attempt to derail the PUC's process of considering the governor's plan. Lynch also said yesterday that the utilities commission would continue to challenge the more than $40 billion in long-term electricity contracts signed by the state during the crisis. Lynch said the agreements bind the state to overpriced power and are in violation of federal law requiring electricity rates to be ""just and reasonable."" The utilities commission president said the contracts may be even more expensive than earlier thought because at least some of the power they bind California to purchase is not needed. The extra costs would damage businesses and family budgets, she said. ""If you have to pay three to four times more for energy, you don't have the money to grow your business or meet other needs of your family,"" Lynch said. She also defended action by the commission last week that effectively delayed the sale of $12.5 billion in state bonds needed to pay power costs. Lynch said the commission supported a legislative proposal for floating the bonds, which would separate them from the long-term power contracts." dasovich-j,that's neat. please give them both my best. dasovich-j,"Not all, but some. I'll give you a ring to discuss more." dasovich-j,Give a call when you get in. Let's discuss this further in prep for my follow-up call with Fielder tomorrow. dasovich-j,"You have time to talk a bit more about what we were discussing on the call? In particular, impact on the book of negotations around the PX credit calc going foward?" dasovich-j,"Hi Josh: Sorry to bother you. But just wanted to be certain. By my tally, I only need to take 3 units next semester (spring) to graduate (I'm taking 7 units this semester). Is there anyway to get that ""officially"" verified through the office? Thanks much." dasovich-j,"I'm in Gloucester, Mass for the week. My pager and cell phone work and I can be reached if needed at 978.281.1658. Happy Labor Day." dasovich-j,"""Democratic leaders may bounce a Kern County lawmaker off a special committee considering a $2.9 billion rescue plan for financially ailing Southern California Edison Co. because he says he probably will vote against the plan. Assemblyman Dean Florez, D-Shafter, said he will resist any move to replace him with another Democrat pledged to vote for the plan."" (Bakersfield Californian 8-29-01)." dasovich-j,"why did we agree to give Rod Wright $20K? Hey, we kid! Where'd we be without our humor? Have a great weekend; thanks for taking the time to talk today." dasovich-j,"Scott: Here are the foundations that ARM will use in its appeal of the PUC decision suspending DA (and threats to make it retroactive to July 1). You should feel free to share with the business folks but under the condition that they keep it confidential. And of course, we'd be thrilled if they'd sign on. If you have any questions, just holler." dasovich-j,"The California PUC Loretta Lynch held a press conference in Sacramento today to discuss changes to the Commission's previously released proposal regarding Direct Access and the rate agreement between the PUC and DWR. In the amended proposal discussed and distributed today, Direct Access would end retroactive to July 1. Customers with contracts executed as of July 1 would would remain Direct Access customers. The Legislature The Assembly version of the Senate MOU (SB 78) has not yet been reviewed and voted on in the Committee. It is scheduled to be reviewed and voted on at 6:30 PM PDT today. Amendments on Direct Access were released this afternoon (based on negotiations between Davis' office and business customers): Customers who have consistently been DA since May 2000, including those ""involuntarily"" returned to bundled service, would be exempt from charges for Edison's undercollection, DWR's forward contracts, and DWR-related exit fees, provided that the PUC finds that no additional stranded costs are created for Edison's remaining customers. Customers who have consistently been on DA between May 2000 and Jan 17, 2001 would be exempt from charges for Edison's undercollection, DWR's forward contracts and DWR-realted exit fees, provided that the PUC finds that no additional stranded costs are created for Edison's remaining customers. Customers who have been on DA between Jan 17, 2001 and August 24, 2001 would be exempt from exit fees related to DWR forward contracts, provided that the PUC finds that no additional stranded costs are created for Edison's remaining customers. Customer's leaving after August 24th would not qualify for exemptions. There is considerable work underway to make the August 24th date the deadline for contract execution, rather than the date by which the customer must be DASR'd, in order to qualify for the exemptions. Direct Access would not be suspended, however, until 90 days after the bill is signed by Davis (if he signs it), i.e., the ""effective date"" of the bill. So anyone going to Direct Access between Aug 24 and the effective date would not qualify for any exemptions. After the 90-day period, DA would be suspended until 1.1.03. Self-gen in service consistently from May 200 to August 24 would be exempt from Edison's undercollection and DWR charges. Self-gen that submitted an application to the Energy Commission by August 24 would be exempt from DWR charges beginning the date that the self-gen comes on line. Self-gen that comes on line after August 24 would be exempt from DWR charges beginning the date that the self-gen comes on line, but the total number of exempt MWs in this category would be limited to 250 MWs per year, on a first-come-first-serve basis. At least 30% of any increases in net short due to increases in demand would be reserved for self gen." dasovich-j,Sounds like some pretty good movement. Congratz. dasovich-j,"Unless there's an issue, I'll call Fielder first thing this morning. I'm not seeing any upside to us rattling any sabers regarding bankruptcy, however. We'd likely take a very significant reputational and political hit by taking them in---or suggesting that we would take them in, for that matter. Reliant and Mirant have been rattling theirs for a very long time---with no concrete action to back them up. They would of course love to have Enron ""lead the charge."" I would recommend that we not play that card right now and let Reliant and Mirant go forward if they choose." dasovich-j,"Greetings Eve and Bill: This has been forwarded to Delainey and Dorothy. It's originating with AreM. Delainey's distributing to some, I'm distributing to others. The Chamber's already agreed to join. If we're to have any hope of a) maintaining DA and b) eliminating any chance of a retroactive date, seems that we'll need as many folks signing on as possible. Please see attached. We hope that you can join." dasovich-j,"Alan: Two things. 1) Assuming that you're lead on the meeting (i.e., agenda, facilitate meeting)---if not, just let us know and we'll take the reins. 2) Seems appropriate to invite Jim to participate. Sure he'll be interested. Your call." dasovich-j,you have a phone? jeff dasovich-j,"Yesterday, we discussed that Edison is likely going to try to jerk around ESPs, QFs and generators on past due amounts under its settlement with the PUC. Here's the latest on what they're doing to the QFs." dasovich-j,"Thanks. I have minor, but substantive, edits to the direct access section that Dorothy did, which I believe more accurately capture the document that we previously delivered to Hertzberg and the discussions around that document. My proposed edits will be distributed to everyone within the next 30-60 minutes. Thanks to Delaney for all the work." dasovich-j,Thanks. Interesting. dasovich-j,Greetings. Steve Harris says that you might have a number for Mark Baldwin. Possible to get it from you. Thanks very much. dasovich-j,"Alice, whom I used to ride with and her guy Jeff (remember we went to their place in Petaluma some time back--chicken coups?) is getting married on Sunday, October 21 at 3 o'clock on Mare Island. You want to go?" dasovich-j,I owe ya. Thanks a million. See you tomorrow nite. dasovich-j,"Sweetie, what happened? How'd you hurt your back? So sorry. And SO sorry that this isn't working out for anyone. I really wanted to see you guys and REALLY wanted to ride. Another day, I guess. Take care of that back. Herniated disks are bad, so take care." dasovich-j,"Attemps are still underway to persuade the California PUC not to suspend DA at today's meeting. However, the best information we have at this time is that the PUC will suspend DA today, but will not suspend DA retroactively. As best we can tell, if the PUC suspends, it will suspend DA effective today, September 20th. In addition, there is a considerable effort underway--from both ends of the spectrum--to persuade the PUC to reject 1) the proposed rate agreement between the PUC and DWR and 2) the proposed ""revenue requirement"" that DWR submitted to the PUC. We'll report back with the results of the PUC business meeting as soon as we hear them." dasovich-j,"OK, today's been nuts. This is likely not complete, but wanted to get something around. Please review for 1) anything I've missed and/or 2) anything I've misstated. Thanks." dasovich-j,"Very sweet. Thanks. Well, I tried. No taker on the tickets. Looks like you'll have to give them to your Neanderthal friend. Or what about Jack and dottie?" dasovich-j,Thanks. I'll call you in the afternoon. dasovich-j,"hey, prentice has a friend in town whom you may have met. very cool, very funny. we'd bring her along if that's ok, and if you still want to get together tonite, which we're totally up for. let me know. and it would be a good idea to get together since we should probably talk a bit about Jay's place. he's been inquiring about what we're thinking. best," dasovich-j,"Paul: Got your voice mail regarding Anthony Pescetti running for a FERC seat. Here are some quick thoughts. Sue likely has some additional experiences and information to share. Be happy to discuss further. Republican assemblymember from the Sacramento area. Was a member of the Sacramento muni utility district prior to going to the legislature. Republican (minority) head of the assembly electricity oversight committee (the one that Rod Wright chairs). Don't recall that he's ever seen a a pro-utility bill that he didn't like. In fact, he sponsored some legislation just this past session that would have locked the utilities in to major parts of the gas industry, and specifically wold have locked out competition. It was strongly opposed by industry and defeated. When push came to shove, I can't think of a time he didn't side with the utilities. Even when the Assembly Republicans were doing of good job of bottling up Davis' ridiculous bailout bills in Rod Wright's committee, Pescetti seemed to go along more to tweek the Democrats than to foster competition. And even then, he followed; he didn't lead--other, more junior, members on the committee led. Can't recall a time that he's been there for us. I'd be happy to talk with him, but if we need someone at the Rick level to contact him, that's great, too. Just let me know." dasovich-j,"Chris: A little background (recaps briefly what we discussed on the phone on Monday): A few weeks ago, we (government affairs) approached John Fielder of Edison to see if there was any chance that Edison might be willing to reach a deal on our Negative CTC/PX credit claim. After discussions with RAC, we offered to take 90 cents on the dollar for amounts owed through March 1. (There's general agreement with Edison on what the number is up to January 17, which would only leave 1.17--3.1 in dispute. But recall there's still the FERC refund issue which complicates the issue.) We asked for 10% down immediately and a binding agreement that Edison would pay us by a date certain sometime in the next quarter. In exchange, we said we'd drop our law suits at the PUC. In one suit, we're asking the PUC to have Edison pay us. In the other, we've stopped paying Edison for transportation costs until the PUC gets Edison to pay us. We're depositing what we owe Edison in an escrow account pending resolution. We also agreed to work with Edison to get the PUC to end the whole residual CTC/PX credit framework retroactive to March 1, 2001. (That would reduce Edison's exposure to negative CTC and our exposure to positive CTC.) For his part, Fielder was looking (in addition) for 1) an agreement on our part to forebear, and 2) an agreement that everyone, including DA customers, should pay what they rightly owe for a) Edison's undercollection, b) the bonds, and c) DWR's stranded contract costs. We never resumed the talks in earnest because soon after our talk, Edison struck its bailout deal with the PUC. With respect to what else we could offer them: From a commercial standpoint, I'm sure you're scouring that front, and I may not have much to add. But given the credit risk associated with the utility and Edison's other subs, devising a commercial option to help settle the negative CTC claim seems like a challenge. One possible avenue might be the $250 MM in hedging activity the PUC agreed to in its bailout settlement with Edison. Edison is authorized to hedge its generation and QF fuel costs for up to $250 MM under the settlement. (But this would expose us to PUC regulatory risk, in addition to Edison's credit risk.) Another commercial angle might be Mission Energy, but again, not sure how much better Mission fares from a credit perspective. One idea that we've bounced around that might appeal to Edison--but may or may not be appealing to us--us is to agree to take a note from Edison. That is, in return for 100 cents on the dollar, we'd agree to take, for example, a 3-year note at some agreed to coupon. This should appeal to Edison since 1) it takes us off the list of folks who might take them in, 2) it might provide a useful template that Edison could use with other creditors, and 3) it lessens the overall financing Edison needs to arrange (bridge loan, etc.) in the near-term to pay its creditors. The ""note"" angle could be packaged up with the other regulatory issues explored in the first call with Fielder. Hope this helps." dasovich-j,"KIP: FYI. I'm still trying to find someone, anyone (other than Angelides and Davis) who oppose SB 18 XX." dasovich-j,Thanks very much again for getting the truck window fixed. I left a check on the kitchen counter. dasovich-j,party pooper. (i understand. always more complicated than dasovich-j,"I may have school. If you could plan for it, I would be greatly indebted." dasovich-j,"Steve: the decision we talked about yesterday is to cover DWR costs for the period Jan. '01-Dec' 02. Recall that SDG&E did not get the rate increases that PG&E and Edison got. The charge (I believe) is $14.6/Mwh on a system ave. basis. If there's anything else you need, let me know. This decision does not deal with the ""undercollection"" SDG&E has accrued due to the price cap put in place by previous Legislation." dasovich-j,Thanks very much for getting the contracts for me. Please address one each to Bev and Hedy on our letter head so I can sign and send out today. Thanks a bunch. dasovich-j,Sent you guys a check yesterday for $120 for me and Prentice. Let me know if that covers gold on Saturday. dasovich-j,"FYI. Something's wacky with your server. I got Rick's note, but ain't received your original. And you are, indeed, awesome, MRS. Hunter." dasovich-j,"That's helpful. Thanks. Needed a time frame. Today's going to be very interesting. Should be able to get you something before 10; before noon, max." dasovich-j,"so you guys want to come by P&C's before dinner at La Folie, or do just want to meet at the restaurant? Be great if you could come by and have a glass of champagne first." dasovich-j,"Kean, Kirby, Gibb, me. Lots of fun. Not." dasovich-j,"Hey, Jean. Man, who don't you know??? Anyway, I'm sorry to bug you, but I'd like to try to get a meeting with Ms Doll ASAP. If there's anyway that we can manage that, I'd, of course, be eternally indebted." dasovich-j,"Sorry. Haven't been around. I definitely want to move forward. I'll respond more fully if more is needed, but the short of it is, I'd like to do the entire job except for the decking. Ready to start when you are. Can you tell me what you expect the total to be (labor + materials), understanding that it's an estimate and not a firm price. Also, I'm assuming that the cost for the materials that you quoted include the ""bridge"" to the cabin? Will, of course, want the bridge to the cabin planked. If you have any questions, let me know. Really appreciate your efforts. Looking forward to getting started. Hope all finds you well." dasovich-j,"Barry: Good to meet you last week. I'm out of the office until Monday, but will get on this as soon as I return. Of this group, Dynegy is involved in the State Senate's investigation." dasovich-j,"Hey, I haven't seen you at all and have been thinking about you. Just wanted to check in and see how things are going. Hope you are well and things are going swimmingly." dasovich-j,"Consumer Groups, Calif PUC Question Pwr Contract Validity LOS ANGELES (Dow Jones)--Two California consumer groups have asked California Attorney General Bill Lockyer to investigate whether some state electricity contracts should be nullified because of a possible conflict of interest held by one of the state's negotiations, according to a press release Monday. The Utility Reform Network and Consumers Union asked Lockyer to examine whether income earned from energy companies by consultant Vikram Budhraja presented a conflict of interest, because he may have been involved in contract negotiations with those companies We believe there is ample evidence for the Attorney General to investigate whether some of the state's electricity contracts were made in violation of California's conflict of interest laws,"" said Bill Ahern, senior policy analyst with Consumers Union West Coast Regional Office. ""If the Attorney General finds that a contract was made in violation of the law, it must be set aside as void."" Three weeks after Budhraja's January hire date, Williams Companies (WMB, news, msgs) won a $3.4 billion contract to provide power to the state over 10 1/2 years. Budhraja disclosed in mid-August that his company, the Electric Power Group, was paid more than $10,000 by Williams during the previous 12 months. Budhraja was hired by the California Department of Water Resources to negotiate power contracts, but hasn't said which generators he dealt with in the weeks before the Williams contract was signed. ""It is reasonable to assume that Budhraja may have been involved in the negotiations that led to the Williams contract,"" Ahern said. ""It is also likely that there are more detailed records and evidence in existence, which only a subpoena or search warrant may uncover."" The groups also are concerned that Budhraja may have held a conflict of interest due to his potential involvement in negotiating a $3.9 billion contract with Allegheny Energy Inc. (AYE, news, msgs) while he owned stocks in energy companies, according to the release. The Attorney General's office recently said it doesn't plan to investigate conflicts of interest involving energy contract negotiations. No one at the office could be reached for comment Monday. The California Public Utilities Commission is also petitioning federal regulators to throw out some of the state's $43 billion in long-term energy contracts, the San Francisco Chronicle reported Monday. The CPUC has argued in filings with the Federal Energy Regulatory Commission over the past three months that energy companies took advantage of the state's energy crisis to negotiate high-priced contracts, according to the report. The average price of power under the contracts is $69 a megawatt-hour, more than double peak electricity prices last week. CPUC lawyers have filed challenges before the FERC on deals negotiated with Scottish Power (SPI, news, msgs) unit PacifiCorp, Alliance Colton LLC, Sempra Energy (SRE, news, msgs) and Calpine Corp. (CPN, news, msgs), according to the report. Budhraja disclosed in August that he owned as much as $10,000 in Scottish Power stock while a $1 billion long-term contract with subsidiary PacifiCorp was being hammered out. The state signed the 10-year contract July 6. Budraha sold his stock July 30. State officials say Budhraja had nothing to do with the deal, according to the report." dasovich-j,"Sue: Just talked to the Chamber. Add them to the petition for rehearing. CMTA will be back to me soon. If they don't sign it's only because they'll file separately, but I think they're likely to join ARM's." dasovich-j,"Do we run the risk of them saying, Enron, on average your customers represented 5% of the load, therefore you owe us 5% of the undercollection, or $3B * 0.05 = $150M? That's my biggest concern. Thoughts?" dasovich-j,"Dan Walters: As California's malaise deepens, Gray Davis' standing plummets (Published Oct. 7, 2001) A year ago, Gray Davis was riding high -- because Californians were prosperous, confident about their future and thus supportive of the political status quo. Davis' high approval ratings had little to do with his actual performance, or any personal affection among Californians for their cool and distant governor. He was just the fortunate beneficiary of good times and good feelings. Today, a dark cloud has descended on the state. A sharp decline in the economy, particularly high-tech sectors, a stubborn energy crisis and, most recently, the terrorist hijackings and murderous crashes of California-bound airliners have left Californians worried about their personal safety and economic security, and they're looking for someone to blame. Davis' approval ratings began to decline early this year as the energy crisis hit home and it became apparent that he had failed to take the initiative in heading off the worst aspects of the situation. And they have continued to sag, thus presenting the governor with a series of interlocking tests as he begins his campaign for re-election in 13 months. The seriousness of Davis' decline was underscored late last month in a statewide Field Poll indicating that, at the moment, most California voters would prefer former Los Angeles Mayor Richard Riordan to Davis. History indicates that Davis should still be favored to win a second term, but if Riordan does become the Republican candidate, he would have at least an outside chance of unseating Davis. Davis' chief problem is that he will be running for re-election in what will almost certainly be sharply declining economic circumstances, the product of a slowdown already under way and the plummeting consumer confidence in the wake of the terrorist hijackings. State tax revenues are in a nosedive, running a billion dollars under projections in the first three months of the fiscal year, and Davis will be compelled to make multibillion-dollar slashes in state spending that will irritate important constituent groups. How big the state budget hole will become is anyone's guess. There's a distinct tendency for state revenues to plummet far faster and further in an economic downturn than official forecasts, just as they rise faster and higher in a recovery than the bean counters project. Some analysts believe that Davis' problem could rival the $14 billion deficit that predecessor Pete Wilson confronted in 1991. Wilson swallowed hard and agreed to the largest state tax increase in American history. However large the state's fiscal problem may be, it will be much, much larger if the state money Davis spent on power purchases this year cannot be recovered from a proposed bond issue. And the $12.5 billion bond issue is on indefinite hold because the Public Utilities Commission, consumer groups and Pacific Gas and Electric are opposing the administration's demand that past and future power purchases be covered by ratepayers without review. It's apparent now that the long-term contracts the administration signed are much too expensive, which is why Davis' own appointees to the PUC are balking. Davis could try to renegotiate the contracts, but that would be admitting that he and his advisers erred in the first place. Or he could accept the Legislature's proposal, contained in legislation on his desk, that only past power purchases be guaranteed and that future contracts be subjected to the scrutiny that private utilities' purchases must receive. But Davis is insisting that he'll veto the measure. The effect of the current flap over bonds and power contracts, as well as Davis' months-long effort to provide a bailout for financially strapped Southern California Edison, and his lackadaisical performance earlier in the energy game, will undermine the governor's claim for a second term. He comes across as someone who dithered when he should have acted, and signed too-expensive contracts even as the power market was contracting. That, and Californians' increasing apprehension about their future, will make his re-election a much dicier prospect than he had envisioned. _____ The Bee's Dan Walters can be reached at (916) 321-1195 or dwalters@sacbee.com ." dasovich-j,Thanks. Sounds alot better than #17. dasovich-j,"You ain't kidding. Hope you and yours are OK, given the circumstances." dasovich-j,"You know, we could make a deal. I won't yank yours and you don't yank mine, but I know that you get so much enjoyment (and have experienced phenomenal success at) yanking mine that I don't think that's a good deal for you...." dasovich-j,"fyi. you can listen to hearing via-internet. room 4202. go 2 assembly website at 3 pm, or so." dasovich-j,Let's go ahead and do a call. Good time for the 3 of us to catch up on what we've been up to (unless Alan and Sue are strongly opposed). But no need to set up a formal agenda. dasovich-j,"Hey, I was wrong. I went back and checked. DA got as high as about 16% of total load in May 2000. On January 1 (contracry to Herr Angelides' letter), DA was about 7.3% of load. On February 1 it was 3.5%." dasovich-j,"Here's my take. Alan's got an airplane ticket to go down and attend the lobbyist meeting. From my perspective, there is very little value in that activity. However, if Scott wanted to go and report back, then a) he gets information which likely doesn't hurt their business and b) the ""Estate"" doesn't incur the cost of Alan traveling to Sacramento to a meeting that likely won't have a huge amount of value. But if Scott ain't interested, he ain't interested. That's my take." dasovich-j,Thanks. Any word yet on how well Jim's crushing the arguments of the monopolists in DC? dasovich-j,"Thanks for getting in touch. Yes, we can schedule. Do you know who all would participate?" dasovich-j,"Thanks. Sounds good. Did you say that you're living out in west Marin now (one of my favorite places and old stomping grounds)? I'm one of the many, the shameful, that's not finishing (though I'll only have one class in the Spring. Take care." dasovich-j,"Greetings Professor: I regret that I was unable to attend class last night. Few items: --I assume that you returned papers. I will be on campus tomorrow and can pick it up then if you like. Or if you'd prefer, you can drop it in my box in the student room at Haas (evening MBA boxes). Or if you'd like to make some other arrangement, just let me know. --I assume that our third paper is due by close-of-business on Wednesday, December 12. Thanks very much." dasovich-j,Jim/Rick/Steve: Talked to Fielder. Let me know when it's good to take 5 minutes to debrief. dasovich-j,now for that bad news. call me. 415.782.7822. dasovich-j,"thanks so much. please call me at office. best," dasovich-j,call me. thanks. dasovich 415.782.7822. dasovich-j,"You're kidding, right? Edison's at about 14.50." dasovich-j,"Here's a cut at the taxonomy of regulatory risks associated with Direct Access. Please let me know if there are others I missed, or if there are changes needed to the ones listed. 1. Retroactive Suspension of DA Contracts: The PUC rules in a subsequent decision that DA is suspended on some date between July 1 and September 20th. 2. Contract renewal forbidden: The PUC includes contract renewal under the suspension of DA. 3. No incremental ""DASR'ing"": The PUC includes incremental additions and subtractions of DA customer's load under the suspension of DA (e.g., fast food chains, University campus) 4. Cost allocation: the PUC adds new costs to DA accounts and/or disproportionately shifts existing costs to DA accounts. Costs with greatest risk of being shifted to DA customers include: IOU undercollection, bonds to repay the state general fund, and DWR contracts. The costs associated with these categories are substantial. Key risks associated with each category: Adverse to P/L Adverse to hedge (demand" dasovich-j,"Hey, when do regional directors begin reporting to Steffes? Any sense of the reasoning behing the org change?" dasovich-j,"No problem. If you need anything else, just let me know." dasovich-j,"Oops. It's Shawn, not Sean. And here's what I got. Shawn Steele 323-951-9000 (law office) 818-841-5210 (Rep. Party" dasovich-j,So I'm assuming 1) SB 78 did NOT get out of the Assembly yesterday and 2) Bowen's DA bill did NOT get out of Senate yesterday. Is that right? dasovich-j,will do. i'll check my calendar and get right back to you. dasovich-j,"This is very sad. Prentice (now one of PWC's finest) and I talked and here's where I come out. I love Annie and want to remember her the way she is. And I bet she would feel the same way. All the chemo gets her is a little more time, and who knows how long, and the quality of extended life is likely to be very low. It's really hard, but I think that the best thing for Annie, and everyone else, is for Annie to go to sleep, peacefully and quietly. I hope you don't mind, but I'd like to pass on the 6 o'clock phone call. I hope you understand. I'll be at your place on Thursday to see her." dasovich-j,Sam: Congratulations. But I've been informed that the buring chicken in the office kitchen ate up about 10% of the emission credits previously secured for the plant. The CEC is revising the credit numbers and may have to modify today's decision as a result. dasovich-j,"Horrible, unfortunately. He was the loudest, most articulate voice appearing before the PUC on the 20th, staunchly--and I mean staunchly--opposing DA. If I see him, I'm going to get all over him. But me thinks the contracts are in for a wild ride." dasovich-j,"u got it yet? also, you can listen via internet. best," dasovich-j,"Here it is. Apologies that it's very sketchy and barely proofed, but wanted to get something out to folks to shoot at. Have a great holiday." dasovich-j,Don't know. I'll find out. Any sensitivity if we had? Thanks. dasovich-j,"Professor: Thanks for the response. However, I sent you a copy with a few egregious typos. Since it is still October 31, I hope you'll discard that copy and replace it with this one, which I think is now typo-free. My apologies for the mix-up and thanks for your consideration. You'll note that this copy is dated ""1031,"" whereas the previous copy was dated ""1029.""" dasovich-j,Great. Thanks. dasovich-j,"Mike Day's firm could do it, but they'll charge for the adminstrative costs necessary to file (we don't have the support necessary to file). Does that work? If so, I'll need to contact Mike promptly so they can get prepared to do the filing. No word yet as to whether SoCalGas will support." dasovich-j,"Greetings Ms Ryall: Wondering if you ever managed to get a hold of Ms Doll. No rush, no panic. Just want to keep the ball rolling. Thanks again for all your help." dasovich-j,"We're ready when u are. best," dasovich-j,"I saw the letter from Peace to CalPERS. As far as I know, Peace can't force CalPERS to do anything, including file a shareholder suit. Therefore, I'm not sure if we gain anything by responding, or taking other action. Thoughts?" dasovich-j,"Well, not just any jock strap. Maybe you could model a few and I can pick one. Don't want it to clash with the furniture...." dasovich-j,"California Retailers Association Supports PG&E Reorganization Plan SACRAMENTO, Calif., Oct. 1 /PRNewswire/ -- California Retailers Association today released the following statement on Pacific Gas and Electric Company's proposal to emerge from bankruptcy: ""The California Retailers Association supports this plan because of the many benefits it offers to California, its consumers, and its businesses."" ""We are pleased that this proposal would allow PG&E to pay the tens of thousands of small businesses who are owed money -- in full, with interest. These firms, through no fault of their own, have been hurt by this energy crisis, and should be made whole -- and will be, under this proposal."" ""We are particularly pleased that PG&E's plan does not include any kind of rate increase. With our economy hanging in the balance, the last thing California consumers or small businesses need is higher utility rates. The plan also will provide consumers with power pricing stability -- by locking in long-term prices for power at a relatively low price. This will benefit all customers by establishing fair prices that won't spike over time."" ""Finally, it is critically important to note that the plan is designed to return PG&E to financial viability so that the State of California can get out of the power procurement business, which has been taking funds away from other economic and social programs. The plan also does not require any legislative action or any financial bailout, so the State's attention and funds may once again be focused on their appropriate objectives."" The California Retailers Association is a trade association representing major California department and specialty stores, mass merchandisers, grocery, chain drug and convenience stores. Our members have more than 9,000 stores in California and account for more than $100 billion in sales annually." dasovich-j,PS Ask me how tired of this bleeping issue I am. Hang in there. dasovich-j,"Hi Avram. Meet Rory, Prentice's brother and computer guru-type. Rory and I talked a little bit about what you're looking for, so I thought I'd just go ahead and facilitate a little chat room here. Avram, could you explain one more time to Rory exactly what it is that you're looking for, just to make sure that I've accurately and adequately described the situation? Rory has some ideas." dasovich-j,Greetings. You decide to have a call of the walking wounded today? dasovich-j,"Greetings Dan: Few things. Chris Warner did an extremely good job of talking about your plan at DJ's thing in Yountville. Thanks a million for helping to identify someone who's a bit more ""outside the box"" to help on the Lodi power plant/gas storage deal. Any indication of who that person might be? We're anxious to start meeting with them. Any word on getting a conference call together with the large customers? Finally, have you told the PUC yet that you won't be filing any stinking GRC? If so, how have they reacted? Have a great holiday weekend." dasovich-j,"Didn't see the release. They gonna be a softwary provider, or something?" dasovich-j,Thanks very much for all your help. Can I call you tomorrow morning to discuss? dasovich-j,"you'll be pleased to know that people whom i barely know in the SF office are approaching me and ribbing me good about my expression in the pie video. mission accomplished. signed, alligator" dasovich-j,"Do we have a boiled down version of the judge's proposed order in the PNW refund case? If we do, I'd like to start disseminating it liberally around California, and would also like to use it at this forum I'll be speaking at on Friday." dasovich-j,"Oh dear. Get a story straight? That's moving the bar pretty darned high, ain't it? Wednesday looks good for me." dasovich-j,"As we anticipated, today's call did not advance the ball from where we left off last week with Edison. Edison is sticking to its guns, claiming that all customers, DA and bundled alike, should pay for Edison's undercollection, i.e., they don't owe us money, we owe them money. The call was short and ended with an agreement that: 1) we'll both continue plodding along in the PUC process with all the other stakeholders who are arguing over these issues, 2) we'll keep lines of communication open--to the extend that anyone has any new ideas they want to share, contacts will be made, and 3) if nothing has happened at the PUC by the time Edison starts readying itself to pay people in Q1'02, then we'll get together to try to get agreement on a number as the PUC process continues to work itself out. If anyone has any questions, just let us know." dasovich-j,"Apologies, but any chance of doing it before noon central, or after 4 pm centra.?" dasovich-j,Thank you. Please let Michael know that we'll be coming in business casual attire. Hope that's OK. dasovich-j,"Please forgive me for continuing with this, but ENA just told me that they talked to Jeremy about 90 minutes ago and they had the view that there was still some uncertainty regarding whether Hansen had been included in the 24 contracts. I told them that I'd already spoken with you folks and that Hansen was on the list. Let me know if I'm missing something here. Again, apologize for keeping on about it." dasovich-j,"DWR filed comments with the California PUC today urging the Commission to adopt a July 1 suspension date. In addition, DWR takes the position that, if the Commission does not enact a July 1 retroactive suspension date, the Commission should require that all customers who went DA after July 1 pay a proportionate share of the bonds and DWR going-forward contracts. Customers and providers will strongly oppose DWR's proposal at the PUC." dasovich-j,"Forget that, I'm expecting a new hanging planter for Christmas. (Tee hee). Kisses," dasovich-j,"If you want to go to the game,you should definitely go, since I'l likely be doing homework sunday night anyway. You should go. Should be a lot of fun." dasovich-j,"Hi Glen: Two things. 1) If you'd like me to join in on the call on Wednesday to determine what TW should do regarding the re-surfacing of the SoCal settlement, I'd be happy to join. Just let me know. 2) Are you going to the SoCal ""no more windows"" meeting on Thursday? I'd planned to go but it looks like I might have a conflict now. I'd like to get a copy of anything they hand out at the meeting. And if anyone provides any summaries, that would also be useful. Let me know if you plan to attend. If you don't, know sweat." dasovich-j,"babe, if they get back to me with a date that week, i think that you ought to just have the meeting, understanding that the meeting with execs may not have occured yet. nevertheless, you'll have a darned good idea by that time whether its working well or it's a flop, non? anywho, let's see what response i get back. maybe they'll want to push back. her hair looked really good (it was pretty all over the place previously). now, with a few professional flourishes, she look even more gorgeous (if that's possible). best," dasovich-j,"Thanks a million for your help on this. On first glance, these look great. I'll give you a ring tomorrow to discuss further." dasovich-j,Not quite sure why you're on this. I think you can pass. Thanks for message re: Sanders. dasovich-j,"You have a sense that the Alan departure was coming? Too bad. Nice, very capable guy." dasovich-j,Hey Delaney. Please forward to the other business folks (and anyone else whom you think might be interested). dasovich-j,"Greetings. Heard that Barry might in California this week? Someone mentioned there may be attempts to meet with DWR. Just checking, since DWR seems to be radioactive these days." dasovich-j,"Overall looks great, though I made a few edits/comments. But I couldn't figure out how to do it in strikeout/underline. We should make it look as ""PG&E-centric"" as possible--you know how touchy IOUs are. You and Dave and I should try to discuss in more detail early next week." dasovich-j,"Folks. I'm working on it, but it's going to require quite a bit of work. Please chk your emails later this evening for the next draft. I'll page folks--those with pagers, that is--to notify when I've emailed it. Scott, please inform Hedy and Bev." dasovich-j,"Thanks, Geoff. May make sense to loop back with the woman at the PUC who contacted Jim originally about this account. Jim's been in contact with her before about some confusion with a UC account. Jim was out yesterday and today, but I think that he'll be in tomorrow. He may want to make the contact. Jim, thoughts?" dasovich-j,"California; Metro Desk Electricity Cost Data Spread the Blame Power: Many suppliers charged more than the firms that Davis has pilloried, records show. RICH CONNELL; ROBERT J. LOPEZ; DOUG SMITH TIMES STAFF WRITERS 07/10/2001 Los Angeles Times Home Edition B-1 Copyright 2001 / The Times Mirror Company SACRAMENTO -- California's energy meltdown involves a far more diverse group of wholesale electricity merchants than suggested by Gov. Gray Davis, who has aggressively blamed a handful of Texas companies, state records show. During the first three months of this year--one of the worst stretches of power shortages during the crisis--an assortment of public and private entities charged the state prices averaging well above some of those paid to Texas firms, according to documents released to The Times on Monday by the Department of Water Resources, which now buys power for California. Among those setting and collecting some of the highest average prices per megawatt-hour were a Canadian public utility, a subsidiary of San Diego Gas & Electric's parent company, and the Los Angeles Department of Water and Power, the report shows. Their average prices ranged from $498 a megawatt-hour charged by Powerex, the trading arm of British Columbia's BC Hydro, to $292 an hour by the DWP. In fact, some of the biggest private power companies singled out for criticism by Davis and other state officials--Dynegy Inc., Duke Energy and Mirant--charged less than the average prices the state paid for the period. Those companies' average prices ranged from $146 to $240 per megawatt-hour, according to an analysis of the documents. The figures cover the various types of spot and longer-term power purchased by the state during three months that included rolling blackouts and more than a month of razor-thin reserves, leading to continuous power emergencies. Davis spokesman Steve Maviglio said the governor has directed his sharpest barbs at private out-of-state generators because, in general, they have reaped the highest profits over the longest period. ""You have to look at the whole picture,"" Maviglio said. ""The governor was expressing his displeasure with the arrogance of the generators who wear cowboy hats,"" he said. ""Their profits were 100% to 400% above last year. . . . Just because there are other entities who are charging us more [per megawatt-hour] doesn't change the fact that we are getting ripped off by companies from Houston, Tulsa, Atlanta or Charlotte."" The report by the Department of Water Resources was provided to The Times on the same day the state released 1,700 pages of documents on California's electricity purchases on the volatile spot market for the year's first quarter. The records detail how the state spent nearly $8 billion buying power in the first five months of the year, and underscore the complexity of the state's energy problem. They also show that patterns of high prices are not limited to a few generators. Oscar Hidalgo, a spokesman for the water resources agency, said that the reports together show that prices were extremely volatile early in the year. ""All the prices were high,"" he said, noting the downward trend in costs since his agency began buying power in mid-January. The average price per megawatt-hour for all state purchases went from $316 in January to $243 in May. Spot prices fell from an average of $321 per hour to $271, the reports show. In the first quarter of the year, some public entities' prices far exceeded those of the biggest private companies. For example, Houston-based Enron, one of the nation's biggest power traders, charged an average of $181 per megawatt-hour. And Atlanta-based Mirant, which sold the most to the state, a total of $706 million, charged an average of $225 per megawatt-hour. By contrast, a Calgary, Canada, firm, TransAlta Energy, averaged $335 a megawatt-hour, and the Sacramento Municipal Utility District had average charges of $330 per megawatt-hour. A spokesman for Enron, Mark Palmer, said recently that the ""vilification of Enron was based on politics, not facts."" Spokesmen for BC Hydro could not be reached late Monday to comment on its huge sales to the state. In the past, the utility has defended its pricing practices, saying it has offered last-minute hydroelectric power that helped keep California's lights on. A spokeswoman for Sempra, the parent company of San Diego Gas & Electric, said late Monday the company was unable to comment because it had yet to see the figures released by the state. Officials at DWP, who could not be reached Monday evening, have defended their pricing, saying the costs of producing the power needed by the state were extremely high. More Power Bought Than Projected Hidalgo, of the Department of Water Resources, said his agency's efforts, coupled with conservation by business and consumers and falling natural gas prices, have begun to tame the state's market. Still, the state had to purchase $321 million in power in April and May, about 10% more than Davis' analysts had projected. Hidlago said that was because of hot weather in May and other supply problems in April. He said reports will show that power purchases fell short of state projections in June and early July. The reports also will show that prices paid by the state were down in June and July, partly because spot prices have fallen sharply, often to well under $100 a megawatt-hour. A summary Department of Water Resources report released Monday credited Davis' program of nurturing new power generation and establishing long-term power contracts with with ""moving the California electric energy industry closer to normalcy."" Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved." dasovich-j,"Now that I've got your attention: Whatever you're doing, keep it up, baby! The stock's been moving up and up. Keep doing it, man." dasovich-j,8 AM. 10 AM. 3 PM. dasovich-j,"You know what is more recently? Reason I ask is that in the past, when volumes have been low, SoCal's had to ""prop up"" flows, i.e., keep a minimum at Blythe for ""operational reasons"" to serve San Diego (they said). So (just to give them the benefit of the doubt), I was wondering if there might be something to that recently. Pure speculation, but wondering if you had any info. Because I certainly can't think of ANY other reason for their behavior. I'm calling another PUC staffer today to discuss. In the meantime, are we continuing to make the request to SoCal for service? Might be a good idea to keep doing that." dasovich-j,u get message from tribolet. re: px credit call at 4 pm (CDT)? dasovich-j,Could be a soon as the next week or two. We'll make sure that you're up to date on the latest. dasovich-j,"Under Angelides flawed reasoning, shouldn't energy efficiency be outlawed, since every kilowatt saved means less money to pay DWR for the contracts and the bonds to fill the hole in the state budget? Why pick on DA?" dasovich-j,Thanks again for the stuff. I can take it from here. Two quick questions. 1) Is there anything that's top secret that I shouldn't be talking about? 2) Do we have anything for LNG activity similar to the slides on incremental interstate pipeline capacity? Thanks again. I'll let you know if anything interesting comes up. dasovich-j,"FYI. Today, the PG&E Corporation Board of Directors elected Dede Hapner, currently Vice President -Regulatory Relations of Pacific Gas and Electric Company, as Vice President - Special Projects, for PG&E Corporation, effectively immediately. Dede will report to Steve Kline and will be located in the PG&E Corporation Washington D.C. office. Karen Tomcala, currently Director, Federal Governmental and Regulatory Relations of PG&E Corporation, was elected today by the Pacific Gas and Electric Company Board to replace Dede." dasovich-j,Any reason in particular that you're of this view? (I'm hoping you'll say that Edison's informed you that it might be dasovich-j,He got me. Thanks. dasovich-j,"Greetings Colleen: I'm not sure who's still working on this and who's not, but sometime back, we did a very extensive effort with Tim Hamilton and the rest of the EES team to get all information compiled regarding OFOs behind PG&E and SoCalGas. I'm hoping that that information still exists so we can hopefully avoid recreating the wheel. If, for some reason, the information is lost, the good news is that all OFO tariffs are compiled and easily retrievable on the SoCalGas' and PG&E's websites. Please let me know how else we can help." dasovich-j,"talked to karen. thought we'd do bolinas weekend after your b-day. and we're around the weekend of your b-day, it's just that i've got class all day that saturday. i think if karen's overly uncomfortable, we should just do the four of us. we can always do dinner with david and nina. how's things?" dasovich-j,"If you haven't heard, SoCal's announced their abandoning windows for OFOs. They're holding ""workshops"" on how it will all work soon. I'll get you the announcement." dasovich-j,"Thanks very much for dinner, the guacamole and the company. I left you a check for the truck window work on the kitchen counter. (That was the best dinner I've ever had in my entire life! kidding! :) ) Hope that you're not getting beat up by your bomb-throwing colleagues." dasovich-j,Another defeat for Davis. Tough break. Is the judge's proposed decision available? dasovich-j,"got your message and sorry i didn't get back to you. wanted to thank you very much for taking the time on such short notice, and, from what I've heard from others, for having done an outstanding job. Thanks again. And yes, we'll take the victories when we can get them." dasovich-j,Appreciate it. Take care. dasovich-j,"Apologies just got back. Can't make the call, but concur that we ought to stay where we were. Not that the proposal doesn't merit discussion, but it raises many issues and we're down to the wire. So I concur with Bill and Aaron. Perhaps we should try to regroup first thing in the AM?" dasovich-j,"So you're the one who gave me this cold. Just wanted to let you know that I've been working on the resume (in between work and finals) and will try to have you a draft by end of this week, or next Monday. Get better." dasovich-j,"The writer fails of course to mention that Clinton (with bi-partisan support) bombed the shit out of bin laden after the embassy attacks. Frankly, I find any partisan activity at this juncture to be petty and deplorable. There's a heckuvalot of people that just watched a couple of jumbo jets fly into the WTC, and a whole bunch of people without families anymore. There's no room for politics in my view, period. And I think partisan politics is about the very last thing that the families of the victims are thinking about at this time." dasovich-j,"Thanks, Hedy. Barring any strange turn of events, we're likely to be OK with the language. The budget--and the R's desire to mess with Davis--appear to be delaying things somewhat. If tomorrow Loretta holds the DA decision till the 12th, that will buy some additional (and necessary) time to work a deal." dasovich-j,"The Bond Legislation The Democrats in the Assembly and Sentate have agreed to language to create a Dedicated Rate Component to repay the budget and de-link the bonds from the DWR contracts. But the Republicans have still not agreed to go along. The bill would require a 2/3's vote to keep the bond issuance on schedule, so Republican votes are necessary. The Republicans are trying to meet tonite or tomorrow to determine whether to go along. The Conference Committee Senator Burton does not like the idea of a conference committee and at this point prefers to use the existing committee structure to hear the core/noncore proposal. Using the existing committee structure could take longer to produce a bill than using the conference committee structure, but how much longer is uncertain. No sense yet of when hearings on the core/noncore proposal---in conference committee or otherwise--will take place, though Burton continues to say that he wants to ""give it a chance."" The Core/Noncore Legislative Language The negotiating group continues to work on the language. The language was supposed to be delivered to Hertzberg by COB today, but more work needs to be done and it is now scheduled to be delivered first thing tomorrow morning. Senator Dunn's Investigative Committee Hearing The hearing's been moved from tomorrow to Wednesday." dasovich-j,"Here's what I'll do. I'll go back and look at the materials they sent us. Maybe you could do the same, so at least we have an idea of what they'll claim our ""contribution"" is." dasovich-j,"Greetings: Just wanted to check in to let you know that I've taken another step in getting meetings with the GM of both Anaheim and SMUD. Will let you know. Ain't moving at a lightening pace, but there's progress." dasovich-j,"I just got it. I'll fax it. Trying to read, but am currently reading the latest version of SB 78, which we just got and Scott has faxed. Jim, here's the latest. It's going to be heard this afternoon, per Scott's note. It is not clear whether 1) it's going to make it through the Legislature, and 2) if it does make it through, whether Davis will sign. It's very tied up with/linked to the other measures (Edison bailout, etc.). Am trying to get more info, but that's it at this point. Will report back on what happens at the hearing on the bill." dasovich-j,"Recognizing that it was Sue's idea (though I'm not sure, Sue, if you're referring to the DJ index or the bottoms-up approach), isn't it also true that Harry submitted some testimony more recently regarding the DJ index method, and didn't ARM more recently submit some bottoms-up testimony, comments, etc.?" dasovich-j,how'd it go? and how you doing? dasovich-j,"Thank you very much for your kind voicemail. Unfortunately for Gov't Affairs, unless Steve and Rick have other plans, you all are stuck with me since I love working for Enron (even in California!). Bizarre rumor, the origins of which baffle me.... Thanks again for the sweet voicemail. And holy moly, sounds like you and Christi are going to be extremely busy at FERC." dasovich-j,"thanks. I think ""hump day"" is putting it mildly. You see in the press that we approached (are still approaching?) KKR? And that Buffet ain't interested? What a world. Someone in real estate finance I know compared what Fastow & Co. did to the FirstPlus fiasco. That hurt." dasovich-j,"Calif Resells Surplus Power At A Loss In Second Quarter LOS ANGELES -(Dow Jones)- The California agency buying power in lieu of the state's ailing utilities resold electricity in the spot market during the second quarter at an average price of $45 a megawatt-hour, the agency said Wednesday. The announcement by the California Department of Water Resources was an answer to critics who blasted the department this summer for having to resell surplus power for as little as $1 a megawatt-hour because it secured too much electricity under long-term contracts negotiated by the administration of Gov. Gray Davis, the department said. In a press release, the department's California Energy Resources Scheduling division, its power-marketing arm, said it resold 224,871 megawatt-hours, or 1.1% of its total purchases. That power generally was first bought on the spot market or through monthly or quarterly contracts, not the long-term contracts, the department said. Such sales are typical of any power-buying operation, as demand for electricity can vary in unpredictable ways, the department said. The DWR is responsible for buying all the power needed by the customers of the state's three main utilities beyond what the utilities generate themselves or have secured under their own long-term contracts - or about one-third of the total. According to the DWR, power secured under Davis' long-term contracts covers one-third to one-half of the electricity it must supply. Short-term deals, such as monthly or quarterly contracts, represent one-third of the portfolio. The rest is bought in the spot market. The state has put its average cost of power under the long-term contracts at 7.9 cents per kilowatt-hour for the first five years and 6.9 cents per kilowatt-hour for the next five years. Davis has taken heat for locking up too much electricity at high prices. Similarly, the Department of Water Resources has been criticized for amateurish purchasing practices. The DWR releases information on its power transactions quarterly to protect its negotiating position, the department said. The DWR buys power for customers of PG&E Corp. (PCG) unit Pacific Gas & Electric, Edison International (EIX) unit Southern California Edison and Sempra Energy (SRE) unit San Diego Gas & Electric." dasovich-j,"For what it's worth, I concur with Mike. Option 3 is the most prudent, and preferable, path." dasovich-j,"Mark, Congratulations on the story in the Times. FYI. Today's radio media (local and national) are all giving the same basic message that: ""Davis got beat up in FERC negotiations; judge sides decidedly with generators; Davis team trying in vain to spin it their way, but it's clear they lost. "" Freeman was pathetic on the radio this morning. Interviewers weren't buying his BS at all." dasovich-j,PG&E called. They want to set up a conference call to brief us on the gas piece of their POR that they'll be filing with FERC around November 30th. They want to try to do it in the next couple of weeks. Please let me know if you're interested and please pass this along to anyone else who might be interested. Thanks. dasovich-j,"Hi Elyse: I work in government affairs in San Francisco. Dave Parquet (VP, Western Origination) has been approached by a California state legislator to participate in a golf tournament, the proceeds of which will go to a children's charity (Dave, correct me if I got it wrong). The legislator is someone who has been and will likely continue to be supportive of Dave's on-going commercial activities and Dave would like to participate. I've been informed that this could fall under the sorts of activities that community affairs has resources for. Is that right? Thanks for the help." dasovich-j,plz call me asap. jeff. 415.782.7822. dasovich-j,"That ain't gonna do it, in my view. We're going to need to be creative. Figure what number we'll take and how we'll take it and get out. Note that Edison is going to be very wary of showing any ""preferential treatment,"" lest another creditor get wind of it and yank them in on an involuntary. I'm going to call Tribolet and get his thoughts. I'll let you know what he says." dasovich-j,"Thanks very much. I was looking forward to meeting you as well. I plan on coming to Houston soon, and I'll look you up when I'm there." dasovich-j,Thanks. Anyone there you would recommend as a point of contact/entry? dasovich-j,Uggh. I think I'm at Stanford that evening. dasovich-j,"Sorry, but could you re-email Federico's bio to me. Thanks." dasovich-j,"THE WOMEN IN LEADERSHIP CONFERENCE BRINGS HEAVY HITTERS TO HAAS All faculty, students, staff, and alumni are invited to the 6th annual Women in Leadership Conference, which takes place on Saturday, October 20. This year's theme, ""Explore, Inspire, Excel,"" is embodied by two exceptional keynote speakers: Donna Dubinsky, founder, president, and CEO of Handspring, and Beth Sawi, chief administrative officer and executive vice president of Charles Schwab & Co., Inc. The annual WIL conference is the longest-running student-run conference at Haas. Last year it attracted more than 400 participants including current MBA and undergraduate students, alumni, and career women from the greater Bay Area. Dubinsky gives the first keynote address of the day. She co-founded Handspring with Jeff Hawkins in July 1998 to create a new breed of hand-held computers for consumers. Before joining Handspring Dubinsky served as president and CEO of Palm Computing, where she helped make the Palm Pilot the best-selling hand-held computer and the most rapidly adopted new computing product ever produced. When Dubinsky first joined Hawkins at Palm Computing in 1992, shortly after the company was founded, she brought with her more than ten years of marketing and logistics experience from Apple and Claris. Dubinsky and Hawkins introduced the original Palm Pilot in February 1996, a move that revitalized the hand-held computing industry. She earned her BA from Yale University and her MBA from the Harvard Graduate School of Business Administration. Beth Sawi oversees Human Resources, Corporate Communications, Community Affairs, Legal, Compliance, Internal Audit, and Corporate Services. She is also a member of the executive committee for The Charles Schwab Corporation. She will give the afternoon keynote address. Sawi is a long-time veteran of Schwab; she started her career at Schwab in 1982. From 1995 to 1997 she was executive vice president of Electronic Brokerage, during which time she headed Schwab's Internet launch. Sawi took a sabbatical in Italy in 1998-99 during which she wrote her book ""Coming Up for Air: How to Build a Balanced Life in a Workaholic World,"" published by Hyperion in February 2000. She received a BA from Tufts University and an MBA from the Stanford University Graduate School of Business. Throughout the day, conference attendees will interact with leaders from a variety of professional backgrounds through the conference's panel sessions and workshops. Panels planned for this year's conference include: + Management Techniques to Inspire and Motivate + Women and the New Economy - Women in the Tech World + International Business + Wild Women This year's conference is sponsored by Fortune, Ford, Chevron, Genentech, J.P. Morgan, Johnson & Johnson, Accenture, Goldman Sachs, and Adobe. For more information on the WIL conference, please visit ." dasovich-j,"Those were Rick's and Steffe's. I was never sure where they came from and didn't use them, per se. We can talk more about it." dasovich-j,received it. thanks. dasovich-j,Any time. Just call. dasovich-j,Please disregard last note. 296 is in my account. dasovich-j,Sorry about that. I'll get back to you with some other dates. dasovich-j,"Hi: Thanks for the wires story. I talked to Dorothy and we're square. If anyone tries to make any other changes, please let me know first or have them call me directly, whichever you prefer. Thanks for all your help." dasovich-j,"keep up the good work! Sue's got it covered. But I'll be there soon enough. You know, I just received this note. Wonder if something's wrong with the network." dasovich-j,could you give me a call when you've got 5 minutes. i have a very quick question. thanks a lot. dasovich-j,"Sounds good. No rush, though. If she's not in till the 22nd, we have some time to plan." dasovich-j,"Thanks. She called me. It's the 29th at 1 pm. It's at John's office, but I don't have the address. Could you get the address and email it to me, Christina and Dave Parquet? Greatly appreciated. I'm in Sacramento today." dasovich-j,"Ridota's a tough customer. Very political type--knee-capper from the Wilson administration who was involved in the conflicts between Fessler and Knight, large customers and utilities, etc. DA and Dereg done right (i.e., California never de-regulated) sound good. May want to add the great job Davis did at locking a generation of Californians into $46 billion of contracts. Maybe, on the energy issue, Riordin wants to look like a statesman, saying that if he were governor, he'd get everyone to the table to settle this thing once and for all--law suits, bad DWR contracts, ensuring customers have choices." dasovich-j,i'd send to the big list. i used to send what julie malinowski sent around. dasovich-j,"Hey man, how goes it? Does this mean that you'll be supporting its adoption?" dasovich-j,"You've really been nice about this. Thanks very much. Could I stay in SF and work for NEG? And people don't really hate me, do they? (Kidding.) I'll give Dan a call. Have a great weekend." dasovich-j,"Oh, great. Our next call will be from Steve Peace." dasovich-j,"Riordan edges out Davis in Field Poll: A survey finds lingering damage from the governor's handling of the energy crisis. By Amy Chance Bee Political Editor (Published Sept. 26, 2001) Gov. Gray Davis survived the summer without the widespread power blackouts his opponents predicted, but voters remained dissatisfied with his job performance and disinclined to re-elect him, a Field Poll released Tuesday found. The poll showed Davis narrowly behind in a trial general election matchup against former Los Angeles Mayor Richard Riordan, 45 percent to 42 percent. Riordan's strength in Los Angeles County -- rare for a Republican candidate -- as well as lingering damage to Davis from California's energy crisis were factors in the findings, said the poll's managing director, Mark DiCamillo. ""It's an interesting situation for a sitting governor,"" he said. ""It's very unusual for a sitting governor to be denied re-election, but here we have a unique candidate coming out of a Democratic stronghold. And also we have this issue that is kind of hanging around the neck of the governor that the public is not very pleased about, and that's the energy and the electricity crisis."" In a hypothetical Republican primary, Riordan led by a large margin over Secretary of State Bill Jones, 46 percent to 19 percent. Businessman Bill Simon trailed with 5 percent of the vote, while 30 percent was undecided. The poll surveyed 1,003 Californians, including 722 registered voters, Sept. 7-10 and is subject to an overall error margin of 3.2 percent. Davis political adviser Garry South said reporting poll results taken before the Sept. 11 terrorist attacks on the East Coast was ""horribly misleading."" ""These kinds of watershed events that shake the national psyche always have an effect on job approval,"" he said. ""These kinds of things have effects on the way people feel about incumbents in general."" DiCamillo said he found it notable, however, that views of Davis' performance continued to lag even as voters worried less about the electricity crisis. In May, at the peak of concern about potential power blackouts, voters said they disapproved of Davis' performance, 49 percent to 42 percent. In the latest survey, they continued to disapprove, 47 percent to 41 percent. Voters also said they were not inclined to re-elect Davis, 50 percent to 43 percent. ""Now we're in a situation where the energy crisis mentality has receded, yet the public's image of the governor has not changed,"" DiCamillo said. ""He has not benefited from the easing of public concern about the issue and is in the same situation that he found himself back in May. ""No matter what the political temper of the times internationally, there will be issues that are particular to the governor's race. This issue is what the public has focused their attention on in evaluating Davis, and it's still negative."" DiCamillo said he also was struck by the fact that the poll found Riordan leading among voters in Los Angeles County, 47 percent to 43 percent. He said the survey showed similar results in May. Los Angeles County accounts for one-quarter of the state's electorate, and Democrats typically carry it and the Bay Area by large margins, making up for losses in virtually every other area of the state. Riordan adviser Dan Schnur said the numbers pose a strategic difficulty for Davis. ""It's clear from this poll result that the voters who know Dick Riordan best support him most,"" he said. ""Unless Gray Davis plans on winning the Bay Area by a voice vote, there's no way he can get re-elected unless he turns L.A. County around in a very big way."" South said Riordan, who held a nonpartisan office in Los Angeles, will fare far differently in a statewide partisan contest. And he recalled that then-Gov. Pete Wilson was trailing Democrat Kathleen Brown by 23 points as he prepared in 1993 for re-election. ""We all know how that turned out,"" he said. ""A sitting California governor hasn't been defeated for a second term since 1942."" The Bee's Amy Chance can be reached at (916) 326-5535 or achance@sacbee.com ." dasovich-j,Greetings. I can make it. Is there a specific topic/agenda? dasovich-j,"Yesterday, Riordan kicked things off in California. He focused squarely on energy. He made three key, and interesting points. The contracts Davis signed are a huge mistake for California that must be fixed. If elected, Riordan would immediately eliminate Davis' Public Power Authority. If elected, Riordan would have California join a west-wide RTO. I'll try to rustle-up some press accounts of his remarks." dasovich-j,I'm in. Thanks. dasovich-j,415.782.7854. Thanks alot. dasovich-j,i'm here. 415.782.7822. dasovich-j,"As soon as I get my grades (which I hope will be mid-late December), I'll send them to Ginger in the attempt to get tuition reimbursed. But don't worry, I have extremely low expectations about the likelihood of getting reimbursed. This plan make sense?" dasovich-j,Only one call. It's at 1PM CST. Call if there's anything else. dasovich-j,"I would bet that we'll be there. I'll bring my check book. Is the 97 cab $32 retail? If it is, it's worth it. With Barry doing what he did, getting to the playoffs was icing on the cake. But, man, that Friday night game was a heart-breaker. We'll see you Sunday! Kisses," dasovich-j,That's fine. Not critical. dasovich-j,"O boy, I feel another planting binge coming on! Hey, we're likely going to the Dome this weekend, so you're likely going to have put with seeing us. Could you believe that game last night--got to be one of the best world series ever." dasovich-j,"Battle lines drawn over long-term power deals In a perverse sign that normalcy is returning, the state's power crisis roared back to life last week with the California Public Utilities Commission as the focus. This time the state utilities commission pulled off a feat few could have anticipated, even from a long-running crisis that has caused blackouts and soaring electricity costs. In a span of three hours last week, the five-member panel went from being applauded by consumer groups and blasted by industry interests to being vilified by consumer advocates and applauded by business. Consumer advocates celebrated when the PUC refused to rubber stamp state-negotiated long-term power contracts, a move the governor said stalled the $12.5 billion bond offering needed to cover past power purchases. But business leaders and the governor cheered the PUC for approving a $3.3 billion rescue of Southern California Edison, which consumer advocates criticized as an unauthorized bailout. As massive as the Edison deal is, it may be less likely to affect customers of SDG&E than the second reality that emerged last week: Despite the PUC action on the contracts, Californians still face the burden of paying more than $40 billion over the next two decades for overpriced and possibly unneeded electricity. Or maybe not. While electricity providers continue to defend the long-term power contracts as fair and key to resolving the state's electricity crisis, consumer groups and others have launched a major offensive to get the contracts revised, renegotiated or canceled. Critics argue that the deals were negotiated while the state's economy was reeling, blackouts were striking and federal regulators were insisting that the state had to tie up the bulk of its electricity needs through long-term deals. Duress alleged Consumer advocates say the long-term contracts bind California to power purchases at more than double current market prices and force the state to buy power it does not need. ""We should not be stuck with these agreements because conditions have changed so dramatically,"" said Bill Ahern, a senior analyst with Consumers Union, the publisher of Consumer Reports magazine. ""We did these agreements under duress, and it is better for the generators and us to negotiate what all believe is a good deal."" Ahern also said an investigation of possible conflicts of interest for at least one member of the state team that negotiated the contracts could lead to their invalidation. Michael Shames, executive director of the Utility Consumers' Action Network in San Diego, notes that much of the power to be delivered under the agreements will come from new plants yet to be built in California. ""The state has the ability through the siting process to modify those contracts,"" Shames said. The motivation to do so could grow soon, he added. ""Especially in an election year, the question will be whether elected officials and the public will tolerate the (cost) of these contracts,"" Shames said. Shames noted that the Federal Energy Regulatory Commission pressed California to lock up much of its power under long-term contracts, because it argued that excessive reliance on short-term purchases was a major contributor to the power crisis. Now it appears the cost of that solution could exceed the cost of the short-term crisis, Shames said. Beyond the growing political pressure, San Diego attorney Michael Aguirre is arguing in appellate court that Gov. Gray Davis overstepped his legal authority by declaring an emergency and signing the long-term agreements in the first place. He says California's electricity deals violate state law regarding purchasing practices. ""To circumvent that law by calling it an emergency does not pass legal muster,"" said Aguirre, who is suing electricity providers for overcharging. ""There were other means to manage the emergency."" The PUC also says the state locked itself into too much power for too long a period. ""First and foremost, we should try to renegotiate, try to get shorter terms,"" said Gary Cohen, general counsel for the PUC. Willingness to deal At least two major suppliers have indicated a willingness to discuss the matter, Cohen said. The PUC also will continue to press for changes to the agreements with FERC. The federal commission regulates wholesale power markets and is legally mandated to ensure prices are ""just and reasonable."" FERC is considering refunds for prices paid by California in spot power markets during the crisis. Cohen argues that if spot prices are subject to refunds, long-term contracts should be subject to similar relief. The PUC has made several filings pressing this point, but has received no response from FERC. For his part, the governor declines to call for renegotiation of the contracts. ""In order to renegotiate we would have to have the generator come to us, and they have not done so,"" said Steve Maviglio, the governor's spokesman. ""We would be pleased to sit down and renegotiate. But we have not been approached by anyone."" Some experts believe Davis wants to break the contracts more than he is willing to say, but he must maintain credibility with the providers with whom he signed agreements. The same people speculate that the governor, who blasted the PUC last week for failing to help implement the agreements, may have privately welcomed the commission's action as a step toward revising the agreements. Power providers, meanwhile, continue to support the agreements. ""The contracts are good for the state and helped stabilize the market,"" said William Highlander, director of public relations for Calpine Corp. The San Jose company is the largest provider under the controversial agreements, with some $13 billion in contracts. Calpine hopes to provide much of that power from new plants it is building within California. Sempra says contract fair The company has not been approached by the state to revise its agreements, said Highlander, and he declined to say how Calpine would respond to such an overture. San Diego-based Sempra Energy, another major provider under the agreements, also insists its contracts provide power at fair rates to the state. Michael Niggli, president of Sempra Energy Resources, said his company will provide power for about 4 to 5 cents per kilowatt hour, based upon current natural gas prices. ""It's pretty tough to say, 'Let's renegotiate the lowest price contract,' "" Niggli said. But V. John White, director of the Center for Energy Efficiency and Renewable Technologies, said Sempra's contract and others lock the state into power that consumers are unlikely to need, and too much of the electricity comes from non-renewable sources. White says state consumers are being held hostage by some unnecessary posturing. ""There are indications from several generators that a call to renegotiate would be responded to,"" White said. ""The generators say nobody asked us. The governor says nobody has volunteered. ""But the opportunity is there at this moment to renegotiate. Why don't we ask?"" State authority buying more power for 2002 Critics say it's too costly, perhaps unnecessary and may be sold off later at a loss SACRAMENTO -- California's new power agency is rushing to buy more electricity for next summer, even as the state has come under fire for buying too much costly power and then having to sell it at bargain prices. Moreover, another state agency says the state will have enough power - because of existing contracts and conservation - to get through the hottest of summers next year. The new power purchases, which are being negotiated by the California Public Power and Financing Authority, could add as much as 3,000 megawatts of power to California - enough for about 2.3 million homes - by June. That would be in addition to the existing $43 billion in long-term agreements the state has already inked with power generators. Many observers - even those supportive of the power authority's goal to increase cleaner, alternative energy sources in the state - are balking at the agency's rapid pace, saying consumers will end up paying more in the long run. ""We're dumping power and (authority Chairman) David Freeman is buying more power. What's up with that? It's absolutely ludicrous,'' said Harry Snyder, executive director of Consumers' Union, which publishes Consumer Reports. A draft report by the California Energy Commission shows the state already has plenty of power for next year. Without the extra power being negotiated by the power authority, even in a very hot summer, the state would have about 6,000 extra megawatts during peak periods, when it needs 63,800 megawatts, about a 9 percent cushion. That is if all power plants came online as expected and residents continued to conserve as they are. In a normal summer, such as this year's, the state would have 10,000 extra megawatts above the average 59,000 megawatts it needs, roughly a 17 percent surplus. Power authority officials counter that those surplus figures are estimates that depend on people conserving at the rate they did this summer. ""The more we own of our own supply, the more we can control the market,'' said state Treasurer Phil Angelides, an authority board member. Said Freeman: ""We are thinking our way through what we should do for next summer. That why we get paid the big bucks."" New contracts would increase 'green' power In addition, at least one-third of the new energy the power authority is trying to buy - 1,000 megawatts - would come from solar, wind and other renewable energy providers, officials said. Such generators were left out when the state signed its initial round of contracts. Bringing on 1,000 more megawatts would increase the portion of the state's energy derived from renewable resources to 13 percent. The long-term goal is 17 percent. The remaining power purchased under the new contracts, perhaps 2,000 megawatts, would be from so-called ""peaker'' plants - less efficient jet-engine-like generators that are turned on only during emergency shortages. The emphasis on these natural gas plants irks many environmentalists, but proponents of them say these would be a new generation of gas peakers. While not preferable to conventional generating plants, they would pollute less than the peakers currently being pressed into service. If California can build new, more efficient ones, it can retire the old polluting ones, the argument goes. Nonetheless, critics fear the state, rushing into new negotiations, will leave ratepayers with more expensive power contracts. They note that the authority hasn't completed an assessment on exactly how much power it really needs and what it wants for the state's power portfolio. That assessment won't be done until February. ""I hope they have a basis on which they've determined they need those (3,000) megawatts of contracts,'' said Lenny Goldberg, a lobbyist for The Utility Reform Network, a consumer watchdog group. Businesses worry new pacts will hurt them Even the state's businesses are critical. They believe that the more expensive long-term power there is under state contract, the less likely lawmakers are to businesses go into the open market to buy the cheaper electricity they think they can get there. Lawmakers, they believe, will want to force businesses to continue to buy power under the contracts they've negotiated because if the businesses were allowed to pull out, residential customers alone would be left paying the higher prices that those contracts dictate. Lawmakers are reluctant to put any more burdens on the average consumer, who they feel are the unintended victims of a severely flawed deregulation system. ""I would just as soon not see them negotiate any more contracts,'' said Jack Stewart, president of the California Manufacturers and Technology Association. The state power authority was signed into law in May to build its own plants, help others finance them and compete with the private power companies. Leading the $5 million-a-year agency is Freeman, the former head of the Los Angeles Department of Water and Power and one of Davis' closest advisers during the energy crisis. The Legislature's auditors are casting a critical eye at the power authority and will hold hearings next month. ""It's not an investigation,'' said Assemblyman Fred Keeley, D-Felton, chairman of the Joint Legislative Audit Committee. But ""it's appropriate early and often to review their work in a public venue and have them held accountable for compliance of the law.'' Keeley's committee is looking into the planned purchases and he said he could not yet conclude whether the power authority's actions could help or hurt the state. Freeman said onlookers have been too quick to criticize the state's work. ""The plain truth is we had blackouts last winter. We did what we could. We kept the rates stable and lights on,'' Freeman said. ""Criticism is real easy with the benefit of 20/20" dasovich-j,No Steffes? Talk to you at 1. dasovich-j,Greetings Janelle: Got your message. I will call you first think Monday to discuss. dasovich-j,"You think I should submit the reimbursement now, before the semester ends, just to get it in the door? They should reserve a place for Fessler at the same place Davis deserves to go--history's trash heap. You know that Fessler works with Klauberg, right? Some people you just can't get rid of...." dasovich-j,"Thanks again for your gracious hospitality over the weekend and a very happy anniversary. Eldon, you were particularly nice to let me win at just about everything we did. How much do I owe you for me and Prentice for the golf?" dasovich-j,Yes. Hadn't planned on going. dasovich-j,Perfect. Thanks. dasovich-j,"One other thing. I just had coffee with a former business colleague. She is preliminary stages of starting a new, private science and tech high school (in conjunction with Cathedral in SF--Episcopalian folks). I told her that you would be a good person to talk to w.r.t. setting up board, staff, etc. She's very interested. She is an extremely neat person who I think you would like a lot. Are you interested in talking to her?" dasovich-j,"California's $12.5 Bln Bond Sale May Be Salvaged, Official Says Sacramento, California, Oct. 10 (Bloomberg) -- California's $12.5 billion bond sale to cover energy costs may win approval if Governor Gray Davis agrees to seek revisions of existing power contracts, a state regulatory official said. The bond sale stalled last week when the California Public Utilities Commission voted 4-1 against a plan to repay the state's power costs using utility rates. The commissioners favor another approach, opposed by Davis, that would give them more authority over the state's $43 billion of power contracts. Some commissioners ``would probably be amenable to the rate agreement if there was movement on the governor's part to renegotiate those contracts,'' said Geoffrey Brown, who was appointed to the PUC by Davis. ``We're not just sitting around waiting for the sky to fall. There's got to be some give here.'' Moody's Investors Service on Friday said California's $31.6 billion of debt may be downgraded for the second time this year, in part because of the delayed bond sale. California's budget deficit in fiscal 2003 may reach $9.3 billion if energy costs aren't repaid, state Treasurer Philip Angelides said. The state has spent $10.4 billion since January buying electricity on behalf of PG&E Corp. and Edison International utilities, which are insolvent. Davis `Willing to Discuss' ``It takes two to tango and we are certainly willing to discuss the contracts,'' said Steve Maviglio, the governor's spokesman. Davis will consider Brown's offer, ``especially in context'' of any refunds from generators that may be ordered, Maviglio said. State officials claim power generators have charged too much, and are asking federal regulators to order refunds. Power generators are ``willing to discuss it, but I wouldn't want anybody to have any false promise or hope that any enormous change will come from this,'' said Gary Ackerman, executive director of the Western Power Trading Forum, a group representing power sellers. Any companies willing to talk ``might want something else in return, and who knows what that might be.'' The planned bond sale, the largest municipal debt sale in U.S. history, would repay the state's general fund for a $6.1 billion power loan and cover other power costs. The sale has been delayed by the disagreements among state leaders. `A Blank Check' Under state law, the PUC is required to provide enough revenue from consumer rates to meet the bond payments and cover power contracts. The Department of Water Resources, the state agency buying the power, has sole authority to determine its revenue needs. PUC President Loretta Lynch and others said an irrevocable financing order would make it difficult for the state to renegotiate power contracts. They also said the DWR has been given too much authority. In the past, the PUC has set utility rates. ``It gives a blank check to the DWR for anything that they want to do going forward,'' said California Senate President Pro Tempore John Burton. The commissioners favor a plan to back the bonds with a surcharge on utility customers' bills. The proposal would let the PUC review the water department's revenue requirements and require a public hearing on the allocation of costs among the utilities. Davis opposes that plan. ``It's dead on arrival. It's still going to be vetoed,'' said Maviglio. The governor has until Sunday to sign or veto all the bills sent to him during the last session. The new plan would expose the state to breach-of-contract claims, the governor's office said in a statement last week. The state agreed with power generators to pay energy contracts before repaying the bonds. Making a change now ``would eliminate the security on which the power sellers relied'' the governor's office said in the statement. Critics of the long-term power contracts say the state's economy will be hurt by above-market costs for years to come. No matter which approach the state takes, ``the government ought to try to renegotiate the contracts anyway,'' Burton said. ``And some of the generators have said they're willing to do" dasovich-j,i'll be here. just give a call. dasovich-j,"I'll check on reviving the unbundling, but I think they've begged off of that for now. In their most recent BCAP, they do propose to implement a customer-only open season on their backbone. You have that proposal? And having SoCal buy for SDG&E seems somewhat likely. I can check on that." dasovich-j,"FYI. Hirsch apparently is a business reporter for the Times who got my name from people. He's doing a story about the contracts. Something like ""they bought way too much for too high a price. Now what?"" I told him that I would talk to him under the following conditions: No attribution to Enron specifically No attribution of the ""unnamed sources"" sort, ""industry sources"" or sort, etc. If, when the story's further along, he wants to try to get a quote from us, I'd put him in touch with our PR folks. We talked generally about DWR, the CA Power Authority, the contracts, the Edison deal with the PUC, etc. More specifically, he asked me ""are there any alternatives to deal with this mess."" I outlined the following proposal, which we've talked about internally, and which we've been quietly shopping behind the scenes. I did not bring up the ""green only"" DA for small customers piece of the proposal (slipped my mind). I also gave him names of other folks I thought he should talk to. He said he might get back to me. If he calls back, I'll let you know. Please let me know if anyone has any concerns 1) about talking to him on a backgound only basis, and/or 2) the proposal outlined below. Thanks." dasovich-j,FYI. In case you'd like to listen in on what the IOUs have to say about the current and future fate of the PX Credit. dasovich-j,Jeff: Ross is out for the week. Is there someone who Ross works for that I could contact? Thanks much. dasovich-j,"FYI: To update what we've learned today regarding possibility of Senate going forward on Wed. with contempt. At this point, appears they intend to go forward." dasovich-j,"In case you hadn't seen it, your pal Vikram's taking some pretty hard knocks right about now. Hope all is well." dasovich-j,"Great. Figured they'd contacted them, but wanted to make sure. You know when the meeting with schedulers will be? I apologize, I'm on the road and haven't heard when that will be. I'm thinking that I may want to attend. Thanks." dasovich-j,"Thanks. I think that's, well, a very aggressive view of how IOU debt and past and forward DWR costs are likely to be treated. Be happy to discuss further if you like." dasovich-j,You should have it already. Give me a call when you get a minute. Thanks. dasovich-j,"Hey, man, how'd the dinner go? You get everything squared away with the Legislator?" dasovich-j,"I think it would be great for us to have one. Man, it's tough using that thing. You gals sounded great from Prentice's bedroom when you were doing the final cuts. Are we getting a copy? Might be nice to have a copy of the ""raw"" tape." dasovich-j,"FYI. In case you hadn't seen it. Interestingly, no mention of the transfer of the gas assets." dasovich-j,"Here's my take. Slash away at will. Sue, saw your notes, but didn't try to incorporate. You should add anything I've missed, got wrong, etc. Pulled it together quickly. Hope there aren't too many errors. And hope it helps." dasovich-j,"No rush. Whenever it's convenient for you. Just let me know, and let me when you need the check and for how much. Kisses, Jeff Go Giants! Go Barry! PS Just wait'll next year!" dasovich-j,"Assuming you've seen this. But just in case, here it is. Fairly interesting." dasovich-j,call when you can. thanks. dasovich-j,FYI. Split between Davis and Lynch is now very public. Davis is likely losing his mind. Can Ron Carroll or Dan Watkiss search these filings down at FERC? Thanks. dasovich-j,"Since the bills that passed are all Burton/Senate bills, it may be the case that a deal has been cut at the leadership level involving 78 and the other energy-related bills (SB 18 in particular). Scott, Hedy, Bev---Can you do a bit of checking to see if this is the case? Thanks very much." dasovich-j,Thanks. We'll report back with any additional information that we hear. Reports are that Davis is expected to issue today whatever it is that he would issue to call the 3rd X session and call back the merry band of (probably very grumpy) legislators. dasovich-j,Sorry. Was covering a meeting up the street. Got your message. I'm back. You know there are rumors flying around about you in London? dasovich-j,I absolutely could not BELIEVE that he sent this note. Unreal. dasovich-j,FYI. From today's Post. Davis seems to continue to put distance between himself and the contracts. dasovich-j,I'd do it if you needed to. We have a big office there. dasovich-j,"Hi Barry: Congratulations on side-stepping what many (including us) thought would be a summer filled with supply disruptions. We're as glad as anybody that it hasn't happened. I have a quick question: Your consultant for gas procurement, a fellow named Mark Baldwin, until recently did some consulting work for one of our business units, Transwestern gas pipeline. Mark has informed us that we won't be able to talk to him in his new role due to conflict of interest considerations that arise from our previous relationship with Mark. With that in mind, I was wondering if there is someone else working on gas procurement other than Mark (who doesn't face the same conflict issues) that we could meet with to discuss providing low-cost gas services to California? We're very cognizant of the importance of maintaining a conflict-free environment. But it would be a shame for the state to forego a good gas deal for the state's consumers. If there's someone we can talk to and avoid (even the appearance of) conflict-of-interest, we'd be very anxious to do so. Thanks for your time and hope all is well." dasovich-j,"FYI. Please keep confidential and do not circulate. This is just the first draft of a letter we're working with the large customers on in response the Angelides tantrum. Only the large customers will sign, however. I'll forward the final when they've completed it . Sue's working on ARM to do something akin from the suppliers side." dasovich-j,will do. what's your fax number? dasovich-j,the secret is old vine gravensteins and a great chef! thanks so much for your help. i'm sending a check for $200 for propant and....how much for prentice to be in the pool??? dasovich-j,"The call was pretty tough. Quick side bar: Edison is very concerned about TURN getting a stay from the court on the EIX/PUC settlement . At the start of the call, Fielder said that he'd fax me the judge's ruling in the TURN appeal, but based on how the call went, I'm not sure if he'll send it. As we conjectured sometime back, Edison is indeed talking about charging us (through a reduced PX credit) for our ""share"" of the undercollection. Our ""share"" would be paid down through a reduction in the PX credit over the life of the settlement (presumably about 2-3 years). In short, with one hand Edison would pay us what they owe us; with the other hand, Edison would take it back. Edison intends (as we conjectured) to base the amount of the undercollection owed by DA customers on the percentage of load they represent (e.g., if DA is (was) 10% of the load, they would pay for 10% of the undercollection). We had a very ""animated"" discussion that went back and forth for some time. I told him that there's been some gross misunderstanding since his proposal simply doesn't track. Fielder said that they believe their argument is solid. Here's how we left it--he's going to get back to us by COB today or tomorrow and tell us what Edison's calculation is of our ""share"" of the undercollection. We can discuss further on the call that Wanda's setting up for tomorrow. If you have any questions between now and then, give a holler." dasovich-j,"I'll give you a call. Man, were you all over NPR or what with that Telco story? Give my best to Tina." dasovich-j,"Greetings folks: We will temporarily suspend the Wednesday, 11:30 AM call until things settle down a bit. If something crops up, we can set up a call to discuss. In the meantime, we'll be communicating regularly outside the call. Thanks very much." dasovich-j,"The writer fails of course to mention that Clinton (with bi-partisan support) bombed the shit out of bin laden after the embassy attacks. Frankly, I find any partisan activity at this juncture to be petty and deplorable. There's a heckuvalot of people that just watched a couple of jumbo jets fly into the WTC, and a whole bunch of people without families anymore. There's no room for politics in my view, period. And I think the families of the" dasovich-j,"FYI. Nevada PUC Acts To Change Or Void Long-Term Pwr Contracts LOS ANGELES -(Dow Jones)- The Nevada Public Utilities Commission Wednesday voted to allow its General Counsel Office to take any action necessary to try to void or renegotiate long-term electricity contracts entered into by the state's two largest utilities, a PUC spokeswoman said. The contracts would force Sierra Pacific Resources' (SRP) utilities Sierra Pacific Power Co. and Nevada Power Co. to pay a higher price for power than current market rates, said Don Soderberg, PUC chairman. ""We paid high prices when the prices were high, but to pay high prices when the prices are low is outrageous,"" Soderberg said. No one at Sierra Pacific or Nevada Power was available to comment on which companies have signed contracts with the utilities, or the value of the contracts. The PUC action follows a letter sent by Gov. Kenny Guinn to the Federal Energy Regulatory Commission in early October asking that the utilities be allowed to renegotiate the contracts. The General Counsel's office will now have authority to file with FERC and in court to plead against the current contracts. Sierra Pacific has said that a June FERC order that capped wholesale power prices has penalized the company. Sierra Pacific signed its forward contracts to escape high spot market prices, only to have those contracts end up being more expensive than the capped spot market prices, the company has said. As well, if the company wants to sell any surplus power into the spot market, it will now receive less for that power under the cap, it has said. California 's Public Utilities Commission is also pushing for renegotiation of $43 billion in long-term contracts signed by the state, which has been buying power on behalf of cash-strapped utilities since January." dasovich-j,"Who loves ya baby? Hey, don't say anything to Karen, or her parents, but I'd like to get something for her parents as a thank you for Gloucester. What sorts of things do they like? You heard that Prentice got a job offer from Price Waterhouse?! See you on Friday!" dasovich-j,"FYI. I don't know if this means that Sue and I both get a ticket, or if there's only one. If someone from Houston--or another office--is interested, we'd be happy to accommodate. Otherwise, I'm sure that we'll take full advantage of the opporunity. Just let us know." dasovich-j,">FYI. Please keep confidential. John White's trying to go after the contracts. Hap Boyd, who's on his Board, is opposing John's action and asking him not to go forward. Too bad. He was ready to launch. Not sure what Hap's sensitivities are. John's asked me not to intervene at this point." dasovich-j,"Greg: Good talking to you. Congratulations on your new role. Sounds exciting (in addition to exhausting). Based on our call, I contacted Perfect Commerce. The two folks from their shop that will be in Houston are: Ian Sullivan SVP, Professional Services and all implementation of the product Cameron Sellers VP, Business Development They'd like to meet sometime during the week of October 15th. Let me know if that works for you and Brad. Or if you'd like to contact them directly, just let me know and I'll get you their numbers/emails. I ran across Perfect when I was doing an MBA project--we were required to find a company that we could consult to on e-commerce strategy. I've since found out that Perfect's doing a pilot with EES--acting as the e-procurment platform for products tied to EES' outsourcing deals. From what I hear it's going well, and EES is enthusiastic. The technology is very interesting: soup to nuts e-procurement platform developed by Paul Milgrom (global auction guru and economist at Stanford). Glad you guys can meet with them. I think it's definitely worth the time--the technology may fit very well with Networks." dasovich-j,Thanks Barbara: Dorothy just phoned me and I believe we're all squared away. Can you call her and make sure that you're comfortable? dasovich-j,"Seems like something IEP would certaintly be way out in front on. After suppliers' last experience with the PUC's planning process, seems like they'd aggressively go after its return in a very big way." dasovich-j,"Hear you're in London. Hope you're OK. Unfathomable tragedy. We're going to hold our 11:30 call in an attempt to maintain a sense of normalcy. Call will be brief. With respect to Hap, John's asked me to hold off talking to him until John signals. I agreed. I'll keep you posted. The State Capitol is closed down completely today. Be safe." dasovich-j,Greetings. I plan to turn the final in tomorrow. But I have a quick question about homework number 4. Is it possible to call you today to ask what I hope will be a 5 minute question? Thanks very much. dasovich-j,"Greetings: Unlucky you. It's me again, calling about setting up a meeting with Ms Doll. Any word? Greatly appreciate your efforts." dasovich-j,"A regulah laugh riot, that's what she is. Prentice, you're the best birthday present I could ever have--even better than money." dasovich-j,"Given that 1) the PUC has quite a few important issues on its agenda and 2) the PUC meeting will likely coincide with our regularly scheduled meeting time, we'll reschedule our 11:30 AM PDT call to 3 PM PDT for today only. With the Legislature adjourned (thankfully), we'll re-assess the need for a twice-weekly call and get back to folks. The potential for a 3rd extraordinary session may affect what we do. If you have any questions, don't hesitate to call." dasovich-j,"Hey, I've got a ""devil"" of an idea to try to keep our weekend from becoming ""hellish."" Should we start emailing what we need to do/get? I can go to Rainbow on Thursday night to get staples (understanding that there may be some speciality items that we can pick up out there, e.g., oysters, cowgirl creamery, knave of hearts bakery, etc." dasovich-j,"Josh. Been in a meeting all morning. Think I missed the bidding. If I can't get in, here are my bids: E280--Real Estate & Urban Land: 500 pts E286--Global Strategy: 500 pts If this won't work, just let me know. Sorry for any mixup." dasovich-j,"Thanks. You're call. Might be a good idea to talk with him in advance. Let me know what you think. Or, given the time crunch, just contacting his office to find out what his angle will be would be helpful--I also assume he'll spend his time 1) singing PA's praises and 2) claiming that DA can work, if done right, both of which are great messages." dasovich-j,Thanks for dinner. Very yummy. dasovich-j,Baldwin's secretary called. He's going to check with DWR and get back to me tomorrow morning regarding whether Monday or Tuesday will work. dasovich-j,Left him a message earlier. Haven't heard back yet. I'll call him again first thing in the AM. He's probably busy getting his number changed. dasovich-j,"Sue has informed me that since she has most recently drawn the short straw, I'm next in line for meetings with Brown. I've asked Mike Day to set up a meeting with Brown, me and Mike to begin our efforts to rehabilitate Mr. Brown." dasovich-j,Thanks. I guess Davis' people think that we'll back off if they put someone from Texas in charge. Perhaps they're looking for someone who knows Pat Wood. Be useful to find out if she knows him. dasovich-j,Hi Rachel: John White asked me to contact you. He said you could email me a copy of the letter that you and Sarah are working on regarding Carl Wood's statements about green direct access. Is possible to get a copy emailed? Thanks very much for your help. dasovich-j,"I don't know whether to laugh or cry. Your a good lawyer; do you think he can end run the Legislature and the PUC and put the rate agreement in place? The plot continues to thicken, that's for sure." dasovich-j,"My lapton is not working so I do not have access to my usual mail lists. Apologies. About 1 AM this morning, Burton closed down the Senate without voting out the Edison MOU. Burton said there weren't the votes for it (which is true; there were about 6 votes for the MOU in the Senate), and he didn't want to ""embarrass"" Davis. Burton said that there weren't the votes because the vote was a giveaway to big business, a corporate bailout, and a bad deal for consumers. Davis responded by saying 1) the Assembly did a good job, 2) the Senate failed to do its job and 3) Davis would call a special session to start all over again and try to get an MOU. The special session would begin in about 2 weeks. Davis said that Edison promised him they wouldn't take themselves into voluntary bankruptcy in the interim. A press account and Davis' statement are attached." dasovich-j,"Molly gets all her picks from ""The Living Guide to Picking NFL Winners"" by Martha Stewart. Note on p. 12 of this months version: Martha shows how to make hanging planters out of the jock straps worn by the front line of the New England Patriots." dasovich-j,"Sue's will be in Houston for this, but will there be a call-in number to tap into for some of the discussion? Thanks a lot." dasovich-j,"Mike: Comments looks good. My only comment is that, in our view, the price cap (which would cover ALL capacity in the secondary market) is simply bad economic policy and won't address any problems--in fact it will only create problems. (From a practical perspective, I'm not even sure that the Commission can successfully ""regulate"" prices in the secondary market.) Will the commission change the price cap provisions of the decision based comments advising against them? Very unlikely. But when the caps create problems (and they will), I want to have been on record advising the Commission of why caps are bad economic policy and pointing out the bad outcomes that caps will cause. I think that it's very important to point out the downside of caps and to be on record against them. That said, I don't want the comments to be so negative as to cloud support for the decision; nor do I think the Commission will change the cap based on our comments. Other than that, EES and ENA can sign on. Anyone have any objections to pointing out the fact that price caps are ill-advised?" dasovich-j,Greetings. We ever hear back from Richard regarding whether we agreed to any time frame for delivering documents? dasovich-j,"Sounds good. Just let me know if you'd like to set up the call, or if you'd like me to do it." dasovich-j,"THIRD EXTRAORDINARY SESSION CALLED Governor Davis has called a special session on Tuesday, October 9 to consider and act upon legislation affecting the operation, maintenance, finances, and financial viability of investor-owned utilities that provide electricity or natural gas to California residents and businesses, including their procurement portfolios and practices, and service by alternate energy providers in their service territory. Extraordinary (Special) Session Rules and Procedures Call of Special Session: Only the Governor has the authority to convene a special session of the Legislature. In convening the session, the Governor must issue a proclamation outlining the reasons for the special session, and only issues specified in the proclamation may be acted upon. Election of Special Session Officers, Committees and Bill Referrals: The election of officers and the appointment of special session committees are separate from the Legislature's regular session. In some instances, special session committees are comprised of different committee members than those appointed to regular session committees. Identification of Special Session Bills and Publications: Separate record-keeping publications (File, History, Journal and Roll Call) are printed for each individual extraordinary session. Special session bills are identified by specific paper colors (i.e. blue or green). For example, documents in the 2001 Second Extraordinary Session are printed on green paper. Introduction of Special Session Bills: There is no limit to the number of bills that a member of the Legislature may introduce during the extraordinary session, and none of the bills introduced during the extraordinary session count toward the member's bill limit in the Regular Session. Special Session Bill Procedures and Calendars: There is no bill introduction deadline during special sessions, and the ""30-day in print"" rule and committee file notice requirements do not apply. Special session bills also are not subject to the regular legislative session calendar, committee and/or floor deadlines. The sine die deadline requiring session to adjourn on November 30 of the second year of a legislative session does apply to the Special Session. Effective Date of Special Session Legislation: Simple majority vote special session bills take effect on the 91st day after the special session is adjourned. Urgency measures and other two-thirds majority-vote bills take effect immediately upon the Governor's signature. The Governor has 12 days from the date it is received on his desk to sign or veto legislation. Similar to the Regular Session, a special session bill may become law without the Governor's signature. End of Special Session: Only the Legislature, by concurrent resolution, may end a special session. The concurrent resolution takes effect upon passage by both houses of the Legislature, and is not subject to a Governor's signature or veto." dasovich-j,I can be on. You want me to join? Just let me know. You can call me on my cell phone 415.505.6633. dasovich-j,I'm signed up. Work kept me away. What happened. Do I need to be doing anything? dasovich-j,"P.S. Have discussed with Dorothy and will attempt to capture in my proposed edits our discussion. , Jeff Jeff Dasovich Sent by: Jeff Dasovich 07/09/2001 03:48 PM To: cc: Ann.Cohn@sce.com, ""'Barbara Barkovich (E-mail)'"" , ""Dominic DiMare (E-mail)"" , ""'Dorothy Rothrock (E-mail)'"" , ""'John Fielder (E-mail)'"" , ""'Phil Isenberg (E-mail)'"" , ""'Jeff Dasovich (E-mail)'"" , ""'Keith McCrea (E-mail)'"" , ""'Linda Sherif (E-mail)'"" , ""'Linda Sherif (E-mail 2)'"" , ""'Gary Schoonyan (E-mail)'"" , ""'John White (E-mail)'"" Subject: Re: REVISED Merged Leg Document Thanks. I have minor, but substantive, edits to the direct access section that Dorothy did, which I believe more accurately capture the document that we previously delivered to Hertzberg and the discussions around that document. My proposed edits will be distributed to everyone within the next 30-60 minutes. Thanks to Delaney for all the work." dasovich-j,apologies. i don't know what those bills are.... dasovich-j,"Interesting. Question 1: Please explain the following line from your note: ""I really need to get certified for diving."" Question 2: How hot is it down there? Question 3: Cheap is good, but if you're going to travel that far to dive, is the diving good there, or is there another place (like Beliz) where the diving is supposed to be killer?" dasovich-j,"rent ""true grit."" very cool. I highly recommend--from a great coming-of-age girl's novel. also try ""wake of the red witch."" and, of course," dasovich-j,"FYI. Sure you've seen it, but just in case. Non-energy-related friend of mine emailed it to me." dasovich-j,"Here's the proposal: There is NO reason for the PUC to suspend DA since 1) 18XX passed--therefore the bonds are taken care of; all Davis has to do is sign the bill, 2) Angelides has said that money's not an issue, at least for the next several months, and 3) the Senate passed a resolution on Friday night stating that there is no reason to continue the ""state of emergency"" put in place by Davis on Jan. 17 and that the state of emergency should therefore end. The PUC should therefore keep DA intact and begin putting the ratemaking in place to enable DA, while achieving other important objectives (e.g., no cost-shifting, make sure bonds get serviced, etc.) If, however, the PUC rejects this rational, sensible proposal and decides to suspend DA, then that date must not be any earlier than Sept. 20th; and if it is, we will sue. Thoughts?" dasovich-j,"Oh, joy. Get out the mattresses." dasovich-j,Thank you. Will there be a call-in number? And who else do we expect on the call? dasovich-j,"Religion, huh? Interesting. Your folks may disown you, though. I don't know how you could think that cooking would be more fun than bond finance--you crazy? The Pilot: I need to know exactly what the pilot is and with whom your doing it. Yes, I need the champion's name, and fast. The meetings will work, but I forgot, what week? Next week or week after? (May want to wait until plane service gets normal?) Have fun in SC--why don't you guys live there? Not a bad commute for you; Scott can surf; we can come down and play bluegrass! Sell the flat, dammit. Kisses, Jeff PS Colleen doing OK? I can come by after class on Wednesday--class is at Boalt, so we get out at 8:30, you know what slackers law students are...." dasovich-j,Greetings. In case Martin's interested... dasovich-j,got your message. that's what i needed. thanks very much. dasovich-j,Thank you. Pretty interesting. dasovich-j,"Jim: Let Jeremy know that there will be some big dogs (i.e., large customers) coming out with guns a'blazin' on this and that we're working closely with them. Also, Sue and I discussed, and we can't see any reason why we wouldn't want very long, very dragged out hearings on this. The longer the issue drags on, the more exposed DWR will be, the greater the likelihood of DWR contract negotiation, and the tougher it will be to drag the suspension date back to July 1. In addition, hearings would (finally) force DWR to answer some questions---this time under oath, and possibly with the press present, which would be very beneficial--I'm talking to other folks to try to get Loretta make that happen. Either of you see any reason why we wouldn't want to have hearings?" dasovich-j,"Could you make sure that whomever's doing the letter to the California Ds gets a copy to me and Sue (want to keep the family happy, don't you know). Thanks a million. Boy do we need the cash from that merger. Please hurry." dasovich-j,"Thanks very much. Really appreciate the help. I'll submit them just as soon as I get them. Have a nice weekend, despite it all." dasovich-j,"Were you on call this morning? It was pretty interesting. If you weren't on, I'd like to discuss a couple of topics that came up." dasovich-j,"Greetings. I can't recall if I received the contact? If so, I apologize for misplacing it. Could you send it again? Much appreciated?" dasovich-j,"Hi Hilda: I got an ""out of office"" reply from Elyse that mentions that you're the contact in her absense. Please see the note below." dasovich-j,"Here is a brief summary of the latest DA proposal floating around the Senate. The provisions could--and likely will--change. The leader of the Senate (Burton) is still expressing opposition to DA, so its fate remains unclear. No suspension of DA. All customers must pay Edison undercollection, whether they've been DA or not. Customers going DA must first clear any payables to DWR for power previously consumed but not full paid for. Customers going DA must pay for DWR's stranded power costs caused by the customer leaving, UNLESS DWR has a net short position, in which case there would be no stranded costs and therefore no fees. The bill allows customers to file a complaint with the PUC regarding DWR's claims of stranded costs. Customers who choose green DA power (defined as 80% renewable) will be exempt from stranded cost fees so long as green DA load does not exceed DWR's net short position." dasovich-j,Just give a call when you get a chance. I'm in. 415.782.7822. dasovich-j,"Apologies, don't know how in the heck I missed you on the list. (You know just clawing and backstabbing my way to the top.) Anywho, here's the note that I just sent. Let me know if there's anyone else that I embarassingly missed." dasovich-j,"Nice job. In line with your letter, and in response to Wood's questionnaire about rolling the suspension date back to July 1, don't you think it is absolutely necessary to have hearings in order to establish a record prior to any decision? Wood throws around the $10 billion number in his questionnaire (ruling, whatever), without any substantiation whatsoever. Shouldn't DWR and its rev. req. be thoroughly scrutinized in the hearing room before making a decision. Seems logical though 1) logic has prevailed much lately and 2) I'm not a lawyer, so I could be missing the boat completely." dasovich-j,"are you guys losing it about the edison settlement? seems better than 500KW and above, non?" dasovich-j,"""Sacramento or Salem?"" Sort of has a nice ring to it." dasovich-j,See what a good night sleep can do! We'll set up the meeting and determine the attendance list. dasovich-j,Dear Ms DSL: Looks like no DWR meeting this week. Thanks for the tip. dasovich-j,"Hey Suzie, what's up with that weather. And speaking of up, our stock's up today!! Keep your fingers crossed." dasovich-j,"Edison To Repay Creditors 'Immediately,' But No Date Yet LOS ANGELES -(Dow Jones)- Embattled utility Southern California Edison expects to pay all creditors ""immediately,"" but the Edison International (EIX) unit does not have a specific date of when its debt payments will begin, said John Bryson, chairman and chief executive of Edison International. ""We intend to pay all of our creditors,"" Bryson said Wednesday in a call with reporters. ""But we do not have a specific date."" Southern California Edison and the California Public Utilities Commission struck a deal Tuesday that will allow the utility to pay off $3.3 billion of its $3.9 billion debt through existing retail electricity rates. Both parties settled a year-old lawsuit Southern California Edison filed against the PUC--otherwise known as a filed rate doctrine--that could have ended a retail rate freeze and allowed the utility to recover more than $5 billion in wholesale power costs from ratepayers. The settlement must still be approved by a federal court judge. A ruling is expected by Thursday. Bryson indicated that the utility may try to negotiate with some large generators, owed nearly $1 billion, to accept less than 100 cents on the dollar for money the companies are owed. ""There is no deal between us and the generators at this point,"" Bryson said. ""We will engage promptly"" in settlement discussions. ""We are eager to work it out in a tough minded and fair way."" Ted Craver, Edison's chief financial officer, said the utility has between $2.4 and $2.5 billion cash-on-hand and about $3.9 billion in debt. Bryson said the utility does not expect its credit ratings to be restored to investment grade ""immediately."" ""We've had some discussions with the credit rating agencies,"" Bryson said. ""But no one expects it to be restored immediately. It's going to take some time."" Bryson added that the utility will seek new lending opportunites, but he did not elaborate. Stephen Frank, president of Southern California Edison, said the utility would sit down with all of its creditors and work out a payment plan. Bryson said the utility believes that all of its debt can be paid off by the end of 2003. He did not say how much money from retail rates would be carved out for paying off Southern California Edison's debt. The utility's debt rose to $6.35 billion, according to a recent Securities and Exchange filing. ""In the month of October we generated about $300 million"" from retail rates. But Bryson said he could not estimate how much of that will be set aside to pay creditors. The utility and the PUC both said rates will not have to increase beyond the record rate hikes state regulators ordered earlier this year. Bryson said the utility has no intention of taking over the state's long-term power supply contracts as a result of the deal with the PUC. Fearing the state legislature wouldn't support a bill to rescue Southern Califoria Edison after six months of wrangling, advisers to Gov. Gray Davis and Edison executives began negotiating with the state's Public Utilities Commission on a settlement of a year-old lawsuit the utility filed to force the commission to raise rates enough to cover its power costs. The negotiations with the PUC were kept secret from state lawmakers in case a settlement couldn't be reached, Davis aides and Edison executives said. The end result, Edison and the commission said, is a deal that will allow the utility to work out a plan to pay off its creditors and keep Southern California Edison from following PG&E Corp. (PCG) unit Pacific Gas & Electric into bankruptcy." dasovich-j,"Greetings. Well, it's about over for the company known as Enron. Ultimately I, and just about everyone else, am going to need to find a new job. But it should be viewed as an opportunity rather than something less positive. It's a shame that such a fun, interesting and bright group of people that had a very successful core franchise are now in such a messy situation due to a handful of folks who exercised (at a minimum) extremely poor judgment. But it is what it is. As for me, I'm dusting off my resume and getting ready to send it around. I've already had a few calls from ""inquiring minds,"" so we'll we where things end up. Thanks so much for the thoughts. Definitely crazy times, but I'm not getting to worked up about it. And besides, Prentice has accepted PWC's offer, so I'm looking forward to housekeeping!" dasovich-j,"yes, you get pizza. we'll get the wine and greens. prentice LOVEs the fontina and garlic WITH mushrooms. see you at the Vahl-kay-knowwwww." dasovich-j,"Dear folks: Hope all finds you well, given the circumstances. I would very much like to go, but I continue to be embroiled in the energy mess and school has started (last year!). Turns out I'm going to have to be in Southern California that Friday and part of Saturday for work. I'm going to have to cancel. If there are any charges, please let me know. Hope to see all of you very soon. Be safe." dasovich-j,I'm hooting just thinking about it. Could we get someone else to do it? (Problem is just about everybody who could do it is in the soup because they're holding one of those stinking DWR dasovich-j,"Traded calls. I'll get back to you soon as we hook up. Can't wait to hear what Jerry says. Probably something like, ""Talked to Tom Beach. Heard about your plan. We'll call you."" Or who knows. He could surprise us. I'll let you know either way." dasovich-j,"It appears that Davis has officially called the Legislature back to try to address the Edison issue. Appears they'll reconvene beginning next Tuesday. We'll report back when we get additional information. There are some rumors going around that they might meet and simply appoint a ""task force"" comprised of legislators to continue working on the issue. Burton is reported to have said that he's telling senators who are on vacation that ""this isn't worth cancelling a vacation over.""" dasovich-j,"Just so we're clear. To say that it would not be a problem for very large tranches of customers to leave the system as part of ""community aggregation,"" and then say it WOULD be a problem for individual customers to do the same, is, well, ridiculous. In short, if you can work out the terms and conditions under which potentially huge tranches can go DA, then it is certainly feasible to do the same thing for individual customers. Finally, we're checking, but it seems that it will be be extremely difficult to say that its legally kosher for the PUC to permit DA under 9X, but suspend all other DA. Very interesting." dasovich-j,"This is pretty big stuff and moving pretty quickly. Understanding that times are crazy, and that it's a holiday week, if we could nonetheless begin discussing tomorrow, or even late today, that would be very useful." dasovich-j,"Can you forward me both? I'll take a look at them. Maybe they'll do the trick. Also, do you have that press article where we partnered with a muni (in Canada, I think)?" dasovich-j,"Can't wait (smarty pants). See you soon. Thanks for the invite. You'll be happy to know, Atlanta won. Swept those pesky Astros in 3." dasovich-j,you rock. cleca signing on? dasovich-j,"I actually did get them, it appear. Apologies." dasovich-j,"In response to the Commission's suspension of DA, numerous market participants--including Enron--filed ""Petitions for Rehearing."" The California PUC has issued a decision denying the petitions. Many of those participants are likely to file for appellate court review of the Commission's denial. In its decision denying the Petitions, the Commission did however modify its initial decision in several respects. Key among those is a modification regarding facility adds. Those comments refer to the ability to continue to submit DASRs for new facilities under contracts signed prior to September 20th that provide for facility adds. The Commission agreed and has ordered the utilities to accept DASRs for facility adds under contract terms executed prior to 10.20.01. The precise language is cited below. If you would like a copy of the decision, please contact Joseph Alamo." dasovich-j,"Did you get everything you need for the update? If not, don't hesitate to give me a call." dasovich-j,may have them sold. $50 apiece? dasovich-j,"This looks very good. One suggestion: May be a little ambitious to do #2, and really ambitious to do #2 for the entire West. May want to priortize in some small way, like, what are the 5 things that most affect the book (maybe confined to California?). Just a suggestion. I'm comfortable doing the whole nine yards. Just concerned that we may fail to cover some really big risks that are lurking on the horizon in the near term if we choose not to focus down just a bit. That said, seems real important to complete the comprehensive view as you've set out in the agenda as soon as we can (e.g., next four weeks, or so)." dasovich-j,"FYI. Sue Mara is the GA lead and is working with the ESP and customer groups to respond to (and if at all possible, work with) the utilities." dasovich-j,"thanks, paul. apologies, i dont' even remember seeing this. leslie, can we discuss on thursday. i can update you on everything underway w.r.t. cal gas. thursday work for you? best, jeff Paul Kaufman/ENRON@enronXgate 07/03/2001 10:22 AM To: Jeff Dasovich/NA/Enron@Enron cc: Subject: FW: California state regulatory matters Knowing your swamped and all ... did you respond to this e-mail or contact Phillip Allen?" dasovich-j,cool. thanks. dasovich-j,"Craver, Edison's CEO, is traveling and won't be back in the office until Wednesday. I'm trying to arrange something with his office. Might need to take two cars if you've got other meetings set up. I'll give you a call to discuss." dasovich-j,"It's a hell hole, whaddya think? Be great if you stopped by. Just let me know when you're going to be here. Love to have dinner and catch up. You involved at all with the gas infrastructure stuff that's going on at the Cal PUC. If not, I think that you should be. Now that Fawcett has left TW and Susan Scott's in our shop in Houston with Christie, I'm a little concerned about TW (I don't have as much time to monitor anymore). Be great if you got involved. Hope all is well with you and yours." dasovich-j,"We might be able to communicate this less formally through our lobbyists. If it's OK, let me check with them first, and then I'll get back to you. Sound good?" dasovich-j,"should i stop working? no big deal, really. but don't want to continue, if it doesn't make sense. thanks," dasovich-j,"FYI. Don't think it's anything that raises any concerns, but since you're signing on, thought you might want to peruse." dasovich-j,"Just a reminder: Beginning tomorrow, the (formerly twice-weekly) California call will now take place once per week, on Wednesdays, at the same time (11:30 AM PDT/1:30 CDT), same call-in number. Until the next legislative session starts up in January, the call will be optional for the gang in Sacramento, unless something specific requires their participation." dasovich-j,"Baldwin's traveling--meeting with DWR today. But he knows we want to meet and knows the days we're talking about--left a message with his secretary. I suspect that, if DWR is free on either Monday or Tuesday, we'll be meeting. Followed up with Fielder this morning. He's at an off-site all day and is supposed to call me back COB today. He knows we want to meet with Craver and offered to set it up. If he hasn't got it scheduled when I talk to him, I'll go directly to Craver. I'll hopefully have things more set in stone by end of today or tomorrow by noon. That work?" dasovich-j,"Actually, I'm travelling tomorrow. If we could do it between 8 and 9:30 AM (PST), that would work. Otherwise, I'll need to do Wednesday if possible." dasovich-j,"call when u can. IOUs jointly filed w/PUC saying ""no assignments.""" dasovich-j,"Every Monday at 10:30 AM (Houston time), which is, more or less, a company-wide call. Every Wednesday at 1:30 PM (Houston time), which is a Government Affairs-only call. Those are it. If there's anything else, just let me know." dasovich-j,"Commissioners Henry M. Duque and Richard A. Bilas, dissenting: One could say that this order is consistent with the Administration's present third world country mentality. We are punishing the very consumers and providers who made a commitment to ensuring electric restructuring did work by adding a demand retail component to cure the dysfunctions in the wholesale market. We are not convinced that the Department of Water Resources (DWR) bond ratings depend on killing direct access. This notion is a scare tactic and a smoke screen. Direct access comprises such a small percentage of overall demand that it cannot reasonably be seen to be a threat to the sale of the bonds. Direct Access should be seen as a benefit to DWR. It would decrease the amount of the utilities net short obligations and relieve DWR from its power purchasing responsibilities sooner. Something else is going on here. We think that the DWR does not want direct access because if the public is presented with alternatives, it will make DWR's purchasing mistakes abundantly clear. The Commission should be holding hearings to test the assertions being made by DWR, Finance and the Treasurer. Instead, the Commission is making an ill informed, panicked decision to act now and study the repercussions later. DWR and the bonds should not be threatened by direct access if DWR is making prudent energy purchases. Only if DWR's contracts are too expensive, relative to market, will customers seek shelter in lower direct access prices. Indeed, retaining direct access as a way to send price signals to consumers may be the only way to place pressure on DWR to make more prudent purchases. This is a very important consideration since AB 1X prevents us from engaging in any prudency review of the DWR costs to be passed through to ratepayers in order to repay the bonds. If there is no yardstick, how can anyone measure DWR performance? The answer is, one can't, unless SB 18xx is signed into law. We think that additional review of these issues, before suspending direct access, would have produced a more sound decision in the long run. For these reasons we must respectfully dissent. /s/ HENRY M. DUQUE /s/ RICHARD A. BILAS Henry M. Duque Richard A. Bilas Commissioner Commissioner September 20," dasovich-j,"FYI. I notified the large customers and it appears they've taken it upon themselves to notify some of New West's customers of New West's new, ""supplemental"" position." dasovich-j,"FYI. Edison has been successful at peeling off one of the ESPs--New West. Seems that in exchange for getting paid negative CTCs, New West may have agreed to take the position that all DA customers should be charged for Edison's undercollection. I'm not aware of any other ESPs that are willing to take that position. The salient quote in New West's ""supplemental"" PHC statement reads: ""It is the position of New West Energy that all customers, both bundled service customers and direct access customers, are equally responsible for payment of the net undercollections. Fairness dictates that bundled customers and direct access customers are both assessed their fair share of the responsibility for repaying the amount of the net undercollections as may be determined by the Commission."" Obviously, not a helpful statement. New West's supplemental PHC statement is attached." dasovich-j,"Not surprising, but thought you might be interested. I responded that letting go is a good thing." dasovich-j,"You see this? What the hell is with Cramer? Date October 25, 2001 Time 07:00 AM - 08:00 AM Station CNBC Location Network Program The Squawk Box Mark Haines, co-anchor: Joe Kernen, what's going on? Joe Kernen, co-anchor: We've got to shift gears into this Enron situation which has just been--you've been talking about it quite a bit, David--how could you not talk about it? Seventy-six million shares yesterday, down fifty percent in the last two weeks. This is a company with--what?--a hundred million in revenues. James Cramer, guest market commentator: Maybe. Kernen: Yeah, right. Anyone who does any trading in energy apparently, you know, uses Enron Online, so anything that destabilizes Enron to a great extent could destabilize the whole energy trading arena and... Cramer: Go ahead, say it! Say what you're thinking! No one has said it yet. We know the truth. We believe that Enron caused a national short squeeze. They knew every single number in this gas situation. They wrecked the California utility system and profited from it. That's my bet. My bet that this--they had--look, they were the market maker. Imagine if Instinet knew what you were going to be buying and took it ahead of you. I think they cornered the market for electricity for about four months, made a huge fortune and now the company is unraveling and when someone--when the Justice Department gets in there we're going to discover this. Kernen: Let's see what happened... Haines: Now, wait a second... David Faber, co-anchor: Whoa, whoa, whoa! The Justice Department, Jim? Now, is that new? Is that something-- Cramer: No, that would be, if I were a prosecutor, something... Faber: OK, so they are not being investigated? Cramer: Well, no, I'm actually being a little forward thinking. Kernen: The SEC wants documents about the limited partnership transactions of Mr.-- Faber: Which is very different from what Jim is talking about. Cramer: No, I'm saying that this is what, if I were an enterprising prosecutor, I would say, Did we have a nationwide short squeeze in electricity caused by one company that had access to all the screens and knew exactly what was happening with the electricity market which then wrecked the California utility system, cost the consumer billions of dollars, and is now being hushed up? Kernen: Well, let's talk about the actual news. Here's yesterday's trading-- Haines: Wait a minute. Kernen: Well, I just want to say that the guy is gone now. That's the new news here. Did you read--did you know that Fastow, after four-- Faber: Late yesterday. Kernen: Yeah, after four o'clock, Fastow is gone. What's interesting-- Faber: He's the CFO-- Kernen: But he's a new CFO. Faber: --who benefitted personally from some of these off balance sheet partnerships. Cramer: Mark, you know, I'm not on thin ice here, I'm not on thin ice. Haines: I just want to make sure we understand that this is your theory. Cramer: This is my theory. Haines: OK. Cramer: It is just a theory. It is my opinion. But I think we've got to find out more about that short squeeze that occurred. Haines: OK. Cramer: We need to find out whether it was orchestrated. Kernen: The new CFO might help regain some credibility for the company because he was the old treasurer who left that position a year or so ago because of some disagreements with how Mr. Fastow was doing business apparently. So now he's back as CFO and we'll whether that calms the market down. Faber: Well, what they need to do-- Joe, they need to come clean. I mean, that is what all the investors in Enron and those who've left the company as investors over this last week have wanted. Let's see everything; be as transparent as you possibly can be; tell us exactly what we need to know. And as much as they need to come clean with their investors, they need to come clean with their trading counterparties because that is really what people are concerned about. Kernen: Why is the credit worthiness issue such a big deal? Anyone who does trading with them, if their credit worthiness were to go--if their credit rating were to go down, how would that affect energy trading? Faber: Well, you want to know that they're going to be there on the other side and make good on the trades. Kernen: I guess you would, wouldn't you? Faber: Right. Not that they aren't, but why would you--if you can trade with seven other guys--seven other companies, maybe you cut back a little bit on your exposure there. Kernen: Now, why would-- Faber: And that would hurt their core business. Kernen: Why are people expecting some type of action from the credit agencies, not because of the stock price, right? Because of something that could unravel-- Faber: Because of something related to these liabilities they may have-- Kernen: That they don't know about at this point. Faber: --that they may have with regard to funding some of these off balance sheet partnerships that they backstopped in terms of borrowing that went on at the project level at the off balance sheet partnership. Will it be a liability? They don't know. But that's one of the reasons-- Kernen: We're talking hundreds of millions or billions? Faber: They don't know. Kernen: But there were billions of dollars in limited partners? Faber: Yes. About three billion in financing, I think is what some analysts estimated. Kernen: This is a pretty big number. Faber: Yeah, they can get to most of that with the assets that they have in the partnerships themselves. Kernen: I use a six month chart to show what's happened over the last two weeks. You got to look at here. But if we went back a year, you'd see eighty as far as the high for Enron. Now we're at sixteen. Faber: Everybody else took a hit yesterday. Dynegy got hurt. Kernen: Well, I got Dynegy next. Don't-- Here we go. Faber: I'm sorry. I'm getting a little excited. Kernen: You are. Faber: Enthusiastic about your charts. Kernen: There's a weekly chart of Dynegy, and you know what's coming next, don't you? Now I'm worried about the utility average. I've worried about the transportation average a lot in my career. Mark, now the utilities have replaced my worries. I'm angst-ridden. Did you see this chart? We're breaking below the-- Cramer: That's a positive, not a negative, Joe. Kernen: What's wrong with Cramer today? What happened? Cramer: I'm all fired up! Faber: He really is. My, God, he's got the DOJ getting all crazy, the FBI, the CIA. You going down to En--you going down to Houston yourself? Cramer: I may just have to. I may have to clean up that whole city. Kernen: Jim, why would the--that's the--now getting down to the lows, I mean, the other averages have come back quite a bit from the post-attack lows, the utilities are retesting those. That's not something to worry about? Cramer: No, because I think there's a lot of money going into more cyclical issues. I think the economy is showing signs of getting better. The consumer is certainly much stronger than we thought. The base book didn't say the corporate was strong, but the consumer is strong. Much stronger than before. Kernen: All right. In the past people have worried about the utility averages being a leading indicator, though. I don't--we're talking about four hundred to two-ninety at this point. That's a long way. Cramer: This average has got a lot of problems to it, but I still think that-- Kernen: It's no longer the-- Cramer: --you sell this as safety. We don't want safety as much as we want a little bit more reciprocality. # #" dasovich-j,Thanks for coming over last night. Very fun. Great to see you. Really glad you guys joined in. dasovich-j,"Hi. Hey, I can't open this. Hugs," dasovich-j,"I'd like to fax you something that Edison sent in support of their argument that: 1) by virture of the PX credit framework, DA customers contributed to Edison's undercollection, and, 2) DA customers should therefore contribute to the recovery of the undercollection. Could I get your fax numbers? Would like to get your comments once you've reviewed the argument. Thanks." dasovich-j,"There was a discussion on this morning's call regarding the status of PUC actions regarding DA suspension. We requested a legal opinion from out outside regulatory counsel. It is attached. If you have any questions, please don't hesitate to contact Sue Mara (415.782.7802) or me (415.782.7822)." dasovich-j,No comments. And continued good luck with the process. dasovich-j,"Jean: We're on the job, trying to get the number. It's a little tricky, though (you know how newly-created bureaucracies can be). We'll get back to you soon as we have something." dasovich-j,"Getting alot of inquiries. The PUC has not yet voted on suspension of DA or related matters. Likely to get to those items on the agenda within the next 30-60 minutes. Looks as if the decision will 1) suspend DA beginning Sept. 20th and 2) include contract renewal in the suspension. In addition, it appears that the proposal would give the Commission some latitude to enact retroactivity back to July 1 if deemed necessary (this is unclear and we're trying to get more details on this provision). Three key senators have sent a a letter to the PUC asking the PUC to provide recommendations to the Legislature on the conditions under which DA should be re-instated (since the letter is dated September 18th--though sent only yesterday--it appears that the Senate had an idea that the PUC was going to suspend). KEEP IN MIND THAT THE DECISION HAS NOT BEEN VOTED ON YET AND THE PROVISIONS LISTED ABOVE MAY CHANGE. We'll report back as soon as something happens. For folks who want to listen in, the number is: 415.228.4550 code = 92105" dasovich-j,"April: Could you please distribute this to the office? Thanks a bunch. Greetings Folks: Tired of thinking about related-party transactions, SEC probes and re-stated earnings? Well, here's a chance to take your mind off of things. I've got a pair of exceptional 49er tickets--lowest section in 2nd tier, right on the 50 yardline. (My girlfriend's parents season tickets. I can't use them--in fact, ain't crazy about football) They're playing the Saints, which will be a great game. I'm selling them for face value, which is $50 each. Like to be able to give them to someone in the office if possible. If you're interested, please let me know ASAP." dasovich-j,"I'm starting to get concerned about this. A) I didn't pick the time. B) I talked to Sue on Friday and she will be out of Church at 10 AM PDT and on the call shortly thereafter. Sue seemed more concerned about having a call at all then on the time. If she expressed a view that the time was set up so that she couldn't be on the call, I'd like to discuss, since that didn't factor in at all. As you know, having gone through Sandi, I'm extremely sensitive to inter-group relations. If you feel there are issues that we should discuss, I'd really like to do it. I react very strongly to any view that I am intentionally doing anything to get in Sue's---or others---way. From my perspective, I feel strongly that I haven't behaved that way, and don't in any way intend to. I simply have no desire to ""compete"" with colleagues, Sue in particular. There aren't enough people to do all the work, and there's plenty of tasks, recognition, blame, etc. to go around. These are extremely challenging times and we won't get anywhere unless it's truly a team effort. I know that the SF office has a history of challenges with respect to California leadership. I have no interest in returning to the very un-teamlike atmosphere that existed previously, particularly since the atmosphere has changed so positively in the past few months. For a variety of reasons, I have been asked to take on alot of tasks over the past year. I've tried very hard to perform well, while at the same time working hard with Paul and Sue to advance a significantly more healthy, inclusive, open and collegial working environment in California and the West. I care alot of course about your perceptions, and if you have the preception that relations in the office is becoming an issue, I'd like to confront it head on. And if Sue is expressing any concerns about how things are going generally---which she expresses to me from time to time---I'd like to sit down with you and Sue to discuss, if you think that would be useful. Forgive the lengthy note, but having just gotten through the experience with Sandi, I'm not anxious to repeat, in any shape or form. Talk to you at noon your time." dasovich-j,"yeah, that was him. beginning of the movie. they notified the corleone family with the message, ""luca brazzie sleeps with the fishes."" great movie." dasovich-j,"Yesterday, we reached agreement with the Senate regarding the terms and conditions under which the company would provide information to Senator Dunn's committee investigating wholesale price spikes. In return, Dunn agreed to have is committee formally withdraw all contempt actions against Enron. This morning, Dunn convened his committee and the committee formally withdrew the contempt actions. A story related to the deal is attached. If you have any questions, just let me know." dasovich-j,"Apologies that it took so long. Just sent it. Needed a hell of a lot of work, including researching for cites." dasovich-j,call me. thanks. jeff 415.782.7822. dasovich-j,"An SVP from Edison just informed us that Edison will be sending out by email information on DASR acceptance/rejection. He said that all DASRs submitted prior to midnight on 9.20.01 will be accepted, irrespective of whether Edison subsequently rejected them for inadequate information, adminstrative or other reasons. He said that they will also be asking ESPs to provided a list of all contracts executed prior to midnight 9.20.01 and for which DASRs have not yet been submitted. When the DASRs for those contracts are submitted, he said that Edison will accept them, so long as they track the list previously submitted. I asked if Edison would be lobbying to have the Commission issue a subsequent decision clawing the suspension date back to July 1. He said he didn't believe they intended to do that, but he said that they did intend to lobby the Commission to make sure that newly-minted DA customers don't escape any costs they're responsible for. Please forward this along to anyone else who might need the information." dasovich-j,Really appreciate it. Will you be attending? dasovich-j,"Thanks. One other question, which seems like a legal question. Assume that Enron openly advocates for the PUC to apply the charges to all customers, including ours, understanding that our customers neither benefited from or caused the charges. If the PUC does it, and we go back to our customers and claim that an indirect tax has been applied, are we in any kind of bind for having pushed for it? I'm hoping that the answer is no. Thanks for the info." dasovich-j,"Cool. If $150 don't cut it on the check, just let me know. No sweat. EVERYTHING is confidential." dasovich-j,Got the fax. Thank you. dasovich-j,Thanks for coming by yesterday. Look forward to getting the deck up and hopefully working on many other projects in the future. Zip me a fax when you get the materials quote at 415.782.7854. dasovich-j,"This will work for what I need to submit. FYI: I'm not going to get another person to help out on this, so I'm assuming that with me and the resources that I'll bring to bear, and with you folks and the resources that you'll devote, we'll be able to do an outstanding job of achieving the overall objective of taking a proactive regulatory stance in California." dasovich-j,FYI. Appears that the two sides may be crawling toward renegotiation. dasovich-j,Sounds good. How about first thing tomorrow morning for a call? dasovich-j,"FYI. If I've missed anyone who might be interested, please forward along." dasovich-j,"Greetings TJ: Hope all is well with you and yours. Two quick questions: 1) When can we expect to get our grades? I have a tuition reimbursement ""issue"" and would like to get the grades ASAP. Any idea? Much appreciated. 2) Where do I go and how do I get there to uncover what classes I ended up getting in the bidding process. Thanks for everything and have a great holiday." dasovich-j,"Greetings. You taking the course? It looks very good to me and I've added it. If you're taking it, could you let me know what the assignment is for Tuesday? I'm on vacation, and the course hasn't yet been added to my Izio account." dasovich-j,"Joseph: Good news! Wallace decided last night that we don't have to do a write-up for project after all. All we have to do is turn in the presentation and the spreadsheet. I've written her an email, telling her that we followed directions closely on the presentation (i.e., very simply, no jargon, spreadsheets, lots of technical crap, etc.) and wanted to make sure that that would acceptably when we turn it in, or if she expected some ""beefing up."" I plant to spend a little time with my slides and the spreadsheet (though not much!), just to make a bit better. I'll let you know how she responds. Great job by all." dasovich-j,Jeanne: Do you have a copy of the procurement OIR? Could you email it to me if you do? Thanks very much. dasovich-j,"We continue to trade voicemails. One of these times, we'll catch each other. I'll report back just as soon as we do." dasovich-j,FYI. The Times finally ran the story. Should add to Davis' migraines. Couldn't happen to a nicer guy. The pressure on the contracts is likely to heat up. dasovich-j,"Boy, I gotta tell you, the demands for those tickets are NOT pouring in. Hope the thing in D.C. went OK last week." dasovich-j,Thanks. Laurie: I'll assume that we'll meet at 7:45-8:00 at the front desk to coordinate a little bit? dasovich-j,"Battle lines drawn over long-term power deals SD Union Tribune, 10.07.01 In a perverse sign that normalcy is returning, the state's power crisis roared back to life last week with the California Public Utilities Commission as the focus. This time the state utilities commission pulled off a feat few could have anticipated, even from a long-running crisis that has caused blackouts and soaring electricity costs. In a span of three hours last week, the five-member panel went from being applauded by consumer groups and blasted by industry interests to being vilified by consumer advocates and applauded by business. Consumer advocates celebrated when the PUC refused to rubber stamp state-negotiated long-term power contracts, a move the governor said stalled the $12.5 billion bond offering needed to cover past power purchases. But business leaders and the governor cheered the PUC for approving a $3.3 billion rescue of Southern California Edison, which consumer advocates criticized as an unauthorized bailout. As massive as the Edison deal is, it may be less likely to affect customers of SDG&E than the second reality that emerged last week: Despite the PUC action on the contracts, Californians still face the burden of paying more than $40 billion over the next two decades for overpriced and possibly unneeded electricity. Or maybe not. While electricity providers continue to defend the long-term power contracts as fair and key to resolving the state's electricity crisis, consumer groups and others have launched a major offensive to get the contracts revised, renegotiated or canceled. Critics argue that the deals were negotiated while the state's economy was reeling, blackouts were striking and federal regulators were insisting that the state had to tie up the bulk of its electricity needs through long-term deals. Duress alleged Consumer advocates say the long-term contracts bind California to power purchases at more than double current market prices and force the state to buy power it does not need. ""We should not be stuck with these agreements because conditions have changed so dramatically,"" said Bill Ahern, a senior analyst with Consumers Union, the publisher of Consumer Reports magazine. ""We did these agreements under duress, and it is better for the generators and us to negotiate what all believe is a good deal."" Ahern also said an investigation of possible conflicts of interest for at least one member of the state team that negotiated the contracts could lead to their invalidation. Michael Shames, executive director of the Utility Consumers' Action Network in San Diego, notes that much of the power to be delivered under the agreements will come from new plants yet to be built in California. ""The state has the ability through the siting process to modify those contracts,"" Shames said. The motivation to do so could grow soon, he added. ""Especially in an election year, the question will be whether elected officials and the public will tolerate the (cost) of these contracts,"" Shames said. Shames noted that the Federal Energy Regulatory Commission pressed California to lock up much of its power under long-term contracts, because it argued that excessive reliance on short-term purchases was a major contributor to the power crisis. Now it appears the cost of that solution could exceed the cost of the short-term crisis, Shames said. Beyond the growing political pressure, San Diego attorney Michael Aguirre is arguing in appellate court that Gov. Gray Davis overstepped his legal authority by declaring an emergency and signing the long-term agreements in the first place. He says California's electricity deals violate state law regarding purchasing practices. ""To circumvent that law by calling it an emergency does not pass legal muster,"" said Aguirre, who is suing electricity providers for overcharging. ""There were other means to manage the emergency."" The PUC also says the state locked itself into too much power for too long a period. ""First and foremost, we should try to renegotiate, try to get shorter terms,"" said Gary Cohen, general counsel for the PUC. Willingness to deal At least two major suppliers have indicated a willingness to discuss the matter, Cohen said. The PUC also will continue to press for changes to the agreements with FERC. The federal commission regulates wholesale power markets and is legally mandated to ensure prices are ""just and reasonable."" FERC is considering refunds for prices paid by California in spot power markets during the crisis. Cohen argues that if spot prices are subject to refunds, long-term contracts should be subject to similar relief. The PUC has made several filings pressing this point, but has received no response from FERC. For his part, the governor declines to call for renegotiation of the contracts. ""In order to renegotiate we would have to have the generator come to us, and they have not done so,"" said Steve Maviglio, the governor's spokesman. ""We would be pleased to sit down and renegotiate. But we have not been approached by anyone."" Some experts believe Davis wants to break the contracts more than he is willing to say, but he must maintain credibility with the providers with whom he signed agreements. The same people speculate that the governor, who blasted the PUC last week for failing to help implement the agreements, may have privately welcomed the commission's action as a step toward revising the agreements. Power providers, meanwhile, continue to support the agreements. ""The contracts are good for the state and helped stabilize the market,"" said William Highlander, director of public relations for Calpine Corp. The San Jose company is the largest provider under the controversial agreements, with some $13 billion in contracts. Calpine hopes to provide much of that power from new plants it is building within California. Sempra says contract fair The company has not been approached by the state to revise its agreements, said Highlander, and he declined to say how Calpine would respond to such an overture. San Diego-based Sempra Energy, another major provider under the agreements, also insists its contracts provide power at fair rates to the state. Michael Niggli, president of Sempra Energy Resources, said his company will provide power for about 4 to 5 cents per kilowatt hour, based upon current natural gas prices. ""It's pretty tough to say, 'Let's renegotiate the lowest price contract,' "" Niggli said. But V. John White, director of the Center for Energy Efficiency and Renewable Technologies, said Sempra's contract and others lock the state into power that consumers are unlikely to need, and too much of the electricity comes from non-renewable sources. White says state consumers are being held hostage by some unnecessary posturing. ""There are indications from several generators that a call to renegotiate would be responded to,"" White said. ""The generators say nobody asked us. The governor says nobody has volunteered. ""But the opportunity is there at this moment to renegotiate. Why don't we ask?"" ***************************************************************** State authority buying more power for 2002 Critics say it's too costly, perhaps unnecessary and may be sold off later at a loss OC Register, 10.07.01 SACRAMENTO -- California's new power agency is rushing to buy more electricity for next summer, even as the state has come under fire for buying too much costly power and then having to sell it at bargain prices. Moreover, another state agency says the state will have enough power - because of existing contracts and conservation - to get through the hottest of summers next year. The new power purchases, which are being negotiated by the California Public Power and Financing Authority, could add as much as 3,000 megawatts of power to California - enough for about 2.3 million homes - by June. That would be in addition to the existing $43 billion in long-term agreements the state has already inked with power generators. Many observers - even those supportive of the power authority's goal to increase cleaner, alternative energy sources in the state - are balking at the agency's rapid pace, saying consumers will end up paying more in the long run. ""We're dumping power and (authority Chairman) David Freeman is buying more power. What's up with that? It's absolutely ludicrous,'' said Harry Snyder, executive director of Consumers' Union, which publishes Consumer Reports. A draft report by the California Energy Commission shows the state already has plenty of power for next year. Without the extra power being negotiated by the power authority, even in a very hot summer, the state would have about 6,000 extra megawatts during peak periods, when it needs 63,800 megawatts, about a 9 percent cushion. That is if all power plants came online as expected and residents continued to conserve as they are. In a normal summer, such as this year's, the state would have 10,000 extra megawatts above the average 59,000 megawatts it needs, roughly a 17 percent surplus. Power authority officials counter that those surplus figures are estimates that depend on people conserving at the rate they did this summer. ""The more we own of our own supply, the more we can control the market,'' said state Treasurer Phil Angelides, an authority board member. Said Freeman: ""We are thinking our way through what we should do for next summer. That why we get paid the big bucks."" New contracts would increase 'green' power In addition, at least one-third of the new energy the power authority is trying to buy - 1,000 megawatts - would come from solar, wind and other renewable energy providers, officials said. Such generators were left out when the state signed its initial round of contracts. Bringing on 1,000 more megawatts would increase the portion of the state's energy derived from renewable resources to 13 percent. The long-term goal is 17 percent. The remaining power purchased under the new contracts, perhaps 2,000 megawatts, would be from so-called ""peaker'' plants - less efficient jet-engine-like generators that are turned on only during emergency shortages. The emphasis on these natural gas plants irks many environmentalists, but proponents of them say these would be a new generation of gas peakers. While not preferable to conventional generating plants, they would pollute less than the peakers currently being pressed into service. If California can build new, more efficient ones, it can retire the old polluting ones, the argument goes. Nonetheless, critics fear the state, rushing into new negotiations, will leave ratepayers with more expensive power contracts. They note that the authority hasn't completed an assessment on exactly how much power it really needs and what it wants for the state's power portfolio. That assessment won't be done until February. ""I hope they have a basis on which they've determined they need those (3,000) megawatts of contracts,'' said Lenny Goldberg, a lobbyist for The Utility Reform Network, a consumer watchdog group. Businesses worry new pacts will hurt them Even the state's businesses are critical. They believe that the more expensive long-term power there is under state contract, the less likely lawmakers are to businesses go into the open market to buy the cheaper electricity they think they can get there. Lawmakers, they believe, will want to force businesses to continue to buy power under the contracts they've negotiated because if the businesses were allowed to pull out, residential customers alone would be left paying the higher prices that those contracts dictate. Lawmakers are reluctant to put any more burdens on the average consumer, who they feel are the unintended victims of a severely flawed deregulation system. ""I would just as soon not see them negotiate any more contracts,'' said Jack Stewart, president of the California Manufacturers and Technology Association. The state power authority was signed into law in May to build its own plants, help others finance them and compete with the private power companies. Leading the $5 million-a-year agency is Freeman, the former head of the Los Angeles Department of Water and Power and one of Davis' closest advisers during the energy crisis. The Legislature's auditors are casting a critical eye at the power authority and will hold hearings next month. ""It's not an investigation,'' said Assemblyman Fred Keeley, D-Felton, chairman of the Joint Legislative Audit Committee. But ""it's appropriate early and often to review their work in a public venue and have them held accountable for compliance of the law.'' Keeley's committee is looking into the planned purchases and he said he could not yet conclude whether the power authority's actions could help or hurt the state. Freeman said onlookers have been too quick to criticize the state's work. ""The plain truth is we had blackouts last winter. We did what we could. We kept the rates stable and lights on,'' Freeman said. ""Criticism is real easy with the benefit of 20/20" dasovich-j,See your email re: contract/DA fix. I'm in office. dasovich-j,"I'll get back to you today. Houston is dealing with some pretty big issues, but I'm going to push them to meet with you nonetheless. How's the weather in the big apple? You vote for Green or Bloomberg?" dasovich-j,"Thanks, very much Alan. Hedy, Bev and Scott are still technically on board until the end of the month, but that's fairly ""ceremonial,"" so to speak. Let's do this. I'll give Hedy a call and see if they'd be willing to attend and report back. In my view, given the circumstances, if they've got conflicts and can't make it, I'm not inclinded to push it. Sound reasonable?" dasovich-j,"Let me see what I can do. So this is all about sourcing, or are you aiming higher?" dasovich-j,"The generators are going to go nuts over this. They'll do all the pounding needed on their own. Calpine will likely lead the charge, which should be interesting...." dasovich-j,"Consumer Groups, Calif PUC Question Pwr Contract Validity LOS ANGELES (Dow Jones)--Two California consumer groups have asked California Attorney General Bill Lockyer to investigate whether some state electricity contracts should be nullified because of a possible conflict of interest held by one of the state's negotiations, according to a press release Monday. The Utility Reform Network and Consumers Union asked Lockyer to examine whether income earned from energy companies by consultant Vikram Budhraja presented a conflict of interest, because he may have been involved in contract negotiations with those companies We believe there is ample evidence for the Attorney General to investigate whether some of the state's electricity contracts were made in violation of California's conflict of interest laws,"" said Bill Ahern, senior policy analyst with Consumers Union West Coast Regional Office. ""If the Attorney General finds that a contract was made in violation of the law, it must be set aside as void."" Three weeks after Budhraja's January hire date, Williams Companies (WMB , news , msgs ) won a $3.4 billion contract to provide power to the state over 10 1/2 years. Budhraja disclosed in mid-August that his company, the Electric Power Group, was paid more than $10,000 by Williams during the previous 12 months. Budhraja was hired by the California Department of Water Resources to negotiate power contracts, but hasn't said which generators he dealt with in the weeks before the Williams contract was signed. ""It is reasonable to assume that Budhraja may have been involved in the negotiations that led to the Williams contract,"" Ahern said. ""It is also likely that there are more detailed records and evidence in existence, which only a subpoena or search warrant may uncover."" The groups also are concerned that Budhraja may have held a conflict of interest due to his potential involvement in negotiating a $3.9 billion contract with Allegheny Energy Inc. (AYE , news , msgs ) while he owned stocks in energy companies, according to the release. The Attorney General's office recently said it doesn't plan to investigate conflicts of interest involving energy contract negotiations. No one at the office could be reached for comment Monday. The California Public Utilities Commission is also petitioning federal regulators to throw out some of the state's $43 billion in long-term energy contracts, the San Francisco Chronicle reported Monday. The CPUC has argued in filings with the Federal Energy Regulatory Commission over the past three months that energy companies took advantage of the state's energy crisis to negotiate high-priced contracts, according to the report. The average price of power under the contracts is $69 a megawatt-hour, more than double peak electricity prices last week. CPUC lawyers have filed challenges before the FERC on deals negotiated with Scottish Power (SPI , news , msgs ) unit PacifiCorp, Alliance Colton LLC, Sempra Energy (SRE , news , msgs ) and Calpine Corp. (CPN , news , msgs ), according to the report. Budhraja disclosed in August that he owned as much as $10,000 in Scottish Power stock while a $1 billion long-term contract with subsidiary PacifiCorp was being hammered out. The state signed the 10-year contract July 6. Budraha sold his stock July 30. State officials say Budhraja had nothing to do with the deal, according to the report." dasovich-j,call me. re: PUC inquiry. looks like it will move fast--w/testimony. dasovich-j,"I think that we should pursue both. If we can convince the PUC that it's a good deal, and that it ought to include a dedicated rate component to cover it. If the PUC agrees, then the rate component should cover PG&E's concern and they should be able to go forward. Thoughts?" dasovich-j,Pure PG&E. They'll be talking to just about everyone and greasing palms to get more of the same. Can't wait to see who else jumps on the wagon. dasovich-j,"Yes. Likely not 100% of what you're looking for, but likely some info that will be useful." dasovich-j,"I'd love tickets. but don't kill yourself over. Get better--cold's not bad, but it's damned annoying." dasovich-j,"Congratulations and best of luck. Hope you'll be able to hire someone to replace you, given your new responsibilities. Big country to cover." dasovich-j,"let's do it at my place. is pauline's, salad and wine in order?" dasovich-j,"Forgive me. Can't recall if I already responded. Not sure if there's a simple, concise summary (""concise"" just doesn't seem compatible with CA's siting process), but let me do a little poking around and get back to you." dasovich-j,Appreciate it. Thanks. dasovich-j,"Greetings professor: Should be coming over your fax machine any minute. Have a very nice holiday and thanks for a very interesting, thought-provoking and challenging course." dasovich-j,"I'm not interested. But is it more, or less, than you described?" dasovich-j,I asked scott and hedy to fill ken in on the change for this week. looks like ball got dropped. poor ken. dasovich-j,u find it? bond is $25K. reg is $1K. dasovich-j,Thanks for the cc. Nice touch. Chalk up another one for the good guys. dasovich-j,"Hi Evie: As you know Edison is being, well, Edison about just about everything at the PUC. I think that we actually have some leverage with PG&E, however. I've helped to broker a meeting between large customers and PG&E (Tom Botorff and Dan Richard) this Friday at 1:30 PM after DJ's meeting. DJ and Delainey are organizing The (basic) idea is to see if there is some way to strike a ""reasonable"" deal on the DA/cost allocation issues with PG&E, which could then be submitted to PUC around Edison, which seems hell bent on piling as many costs on business customers as possible. At the first meeting, we want to spend a very brief amount of time determining 1) what matters to people 2) where people on the issues and 3) PG&E's willingness to deal. The goal is to find out if there's any room for a deal. Should not take a long time. I hope you can attend, since the meeting will be significantly less productive if you're not there, and who knows, it may lead to something that permits us to go around Edison. Likely attendees are CMTA, CLECA, the Chamber, you (hopefully), PG&E and me. Will Mike Kahl be at DJ's meeting?" dasovich-j,"The trust could not run deeper. Just to clarify, we'll want to focus solely and exclusively on the registration. We're not in arrears on the bond.....yet. Thanks a bunch." dasovich-j,"Greetings Ms Denne: Hope your holiday was restful and relaxing. A week or so ago, there was an article in the clips about Enron partnering with a muni (in Canada maybe) to provide retail energy services for the munis retail customers. Could someone in your shop try to dig that up? I need to get it to a CEO of a California muni for EES and I'll be darned if I can't locate it! Greatly appreciated." dasovich-j,"Thanks very much. I'll try to subscribe again. Hey, forgive me for being a snoop, but do you not wear glasses at all anymore? Signed, Four" dasovich-j,"That's exactly right. But I would say that Loretta, not Brown, was the winner, and will continue to be the winner." dasovich-j,"Greetings: Left you a voicemail over the weekend. Was traveling Thurs/Fri, but got a chance to look at your reorg memo, and listened in on the call on Friday. I've got a few questions. You have 15-20 minutes today to discuss a bit? Greatly appreciated." dasovich-j,Greetings: Could I get an electronic copy of your request to the CPUC to extend Gas Accord until 2005? You think they'll approve? When are comments due? We want to support you. dasovich-j,Hi. Could you keep Annie's leash(es) and collars? dasovich-j,"It's true. I drew the short straw and will participate in place of Rob Bradley, who will be elsewhere on that day." dasovich-j,"I just talked to Kip Lipper--works for Byron Sher, but Burton relies on him alot. He's drafting the letter that Burton will send to Loretta re: what to do about DA. I've given Kip the quotes from Angelides re: State's fiscal position will remain STRONG through JULY 2001 irrespective of whether the bonds are issued. Kip was not aware of the quotes and was anxious to get them. I reminded Kip that the only reason anyone's given to suspend DA is the urgent need to issue the bonds, but now, even the Treasurer has admitted that there is no urgency to issue the bonds. I told Kip that the letter to Loretta should say 1) there is no longer any need to suspend DA whatsoever, 2) the PUC should commence ratemaking proceedings immediately to ensure that there is no cost-shifting to small rez and biz customers as a result of DA and 3) the PUC should deliver to the Legislature a study recommending any enhancements, modifications, etc. that should be made to the program to ensure that DA is maintained while ensuring that granny is not harmed. He said he would see what he could do and said that he would likely get back to us. There is a concerted effort underway to get the PUC to reject outright at tomorrow's meeting the rate agreement between DWR and the PUC, and DWR's proposed rev. req. The reason: no urgency anymore. Let's take a little time and get it right." dasovich-j,"Greetings: Any chance of changing my lesson from tomorrow to this Friday (preferably about lunchtime)? Let me know. If you're all booked for Friday, I'm likely going to have to skip this week. Let me know. Hope all is well." dasovich-j,"I should be able to find out something by this afternoon, or tomorrow AM at the latest. I'll get back to you as soon as I hear something." dasovich-j,"Interesting. What right does the PG&E creditor committee have to either 1) ask PG&E whether it's begun talks--informal or otherwise--with the PUC, and/or 2) request that PG&E begin talks? I'm assuming that there may be some chance for #1, but very little, if any, for #2. Thanks." dasovich-j,"Slight correction. If, in fact, they actually come back next week, we'll likely stay with Tues/Thur. If they end up NOT coming back, we may cancel regular call altogether, and continue for rest-of-year on ""as needed"" basis. But we're still figuring and will get back to you. We'll know more when we know more about what the heck the legislature is going to do, or not do." dasovich-j,Greetings. E296-1 is not showing up in my account. dasovich-j,"The ARM group is going back and forth on what they want to say in their filing on the specifics of the DA suspension (many parties with many interests). There continues to be debates over the specifics. Soon as there is a draft that folks have reasonably agreed to, I'll send it to you. If you have any questions, give a holler." dasovich-j,Can you reschedule this to 3 PM our time? Mucho Appreciado. dasovich-j,"did you hear that commerce1 announced today that it's laying off 50% of its people? sounds very ugly. but i guess that means less competition for you. best," dasovich-j,"Hello: First, forget it all and have a wonderful holiday. Second, given the immense challenges, I've been instructed to get major expenses in and paid. So I sent to Rick in a confidential folder my tuition reimbursement form for school. Do you know if he got it?" dasovich-j,"I talked to John Fielder (SVP Edison) about setting up a meeting for Barry Tycholiz with Edison's CFO about hedging Edison's QF price risk. Fielder wanted to talk about the negative CTC issue. Here's what he said: They plan to ""settle"" with the ESPs and pay them when they pay everyone else, which he re-iterated would be sometime in Q1'02. Edison is holding firm to the notion that the negative CTC contributed to the utility's undercollection and that the ESP's share of the undercollection has to be netted against the payables attributable to the negative CTC and owed the ESP. He said that they will propose to net it out in one of two ways: 1) lump sum netting (i.e., if they owe $50MM and the share of the undercollection is $30 MM, then they pay the ESP $20 MM; or 2) future reductions in PX Credit (i.e., they pay the ESP $50 MM, and then reduce the PX going forward until the $30 MM is paid down). The numbers are illustrative only. In addition, he said that they have the view that a decision is going to have to be made about 1) whether DA customers pay for stranded costs tied to the DWR L-T contracts, and 2) whether DA customers pay going forward for stranded costs tied to the QF contracts. (Edison is clearly lobbying the PUC to get DA customers to pay for these costs.) I recommended strongly that he de-link issues 1 and 2 above from the issue of paying us ASAP what they owe us for negative CTC. He agreed. He said that the PUC judge's recently issued pre-hearing conference order requires that Edison ""meet and confer"" with ESPs prior to the Nov. 7th hearing, and that Edison intends to set something up with ESPs prior to that hearing. Fielder is also the point person on ""getting ESPs paid"" and intends to initiate settlement discussions with ESPs week after next. It was very clear from the conversation that Edison is going to do everything possible (at the expense of creditors) to maximize headroom under the settlement it struck with the PUC a few weeks ago. Edison's stalemate with the QFs is evidence of it. We shouldn't assume anything different with the Negative CTC issue. If you have any questions, let us know." dasovich-j,I'll get it. He's in Boston now. dasovich-j,"Thanks. Boy, am I glad I've sat on that '94 cab. Wow!" dasovich-j,"PG&E Gas Accord--$10K PUC proceeding to consider continuing PG&E's ""Gas Accord."" The Gas Accord is PG&E's program to unbundle its backbone transmission and storage systems. The program began in 1998 and will expire Q4/2002. Sempra (SoCalGas) System Unbundling--$10K Though PG&E's system has been unbundled since 1998, SoCalGas' system remains bundled. The PUC has pressured SoCalGas to emulate PG&E's restructured system. ENA Origination Support (Getting info from Tycholiz)--$$XXK Rate related proceedings (PG&E/Sempra)--$1.5K Every two years, the utilities are required to file with the PUC any price changes it desires to make. These price changes can have a direct financial effect on ENA's, TW's and EES' business. ENA power plant support--$2.5K ENA Western Origination is developing numerous gas-fired power plants in California. ENA seeks GA support in order to obtain gas services for those plants. Transwestern infrastructure and origination support--$2.5K Transwestern is either considering, or in the early stages of, developing additional pipeline infrastrastructure in California. CFEE Board" dasovich-j,"FYI. Suggested addressing it to Angelides, but they didn't want to ""dignify"" his letter. They decided that, ultimately, Loretta's in charge, and addressed it to her. Had a great talk with Sarah. She's following up on a few things. You may want to touch base with her re: hearings on DWR rev. req. You ever received my (modest) edits to the Karl Wood letter?" dasovich-j,"dude: you guys won first (even after those bad picks you made). Congratz. don't look over your shoulder, cuz we're right on your heels!" dasovich-j,i'll be participating. thanks. dasovich-j,Left a message for Mark. He's out today and will call me back tomorrow. dasovich-j,John Wayne at his spookiest. 4 stars. dasovich-j,"Thanks very much. If possible, I'd like to listen in. That possible? And have a very nice holiday." dasovich-j,"For anyone who hasn't seen it already, attached is an electronic version of California's PUC's decision to suspend DA. Also attached at the end of the order is a very strong dissent signed by Commissioners Bilas and Duque." dasovich-j,"Thanks, ain't going near it. How's things going out there on your end--settling down at all?" dasovich-j,"There's a tourney tomorrow, and those NOT in the tourney can play on a first-come, first-serve basis from noon to 2PM. I say that we get to the club by 11:45 AM. You guys game?" dasovich-j,"i was never mad at you. i thought that you were mad at me for interrupting your soliloquy. Colleen Silva 07/10/2001 02:26 PM To: ""'jdasovic@enron.com'"" cc: Subject: hey whassup? you still mad at moi? don't be.... -------------------------------------------------------------++ colleen silva producer RED SKY >san francisco v 415-633-2023 c 415-336-2219" dasovich-j,Mike: Possible to get a copy of the filing ASAP? Greatly appreciated. dasovich-j,"Good idea. Thanks. Yes, I'm around." dasovich-j,"Wow, there is a God. Thanks. Have a great weekend." dasovich-j,"My consultant buddy, Tom Beach is the technical consultant for Jerry Bloom's organization, the California Cogeneration Coalition (or something like that). About 1000 MW of cogen throughout the state. I've tentatively set up a meeting with him for Wednesday at 11 AM. So we can do Alcantar at 9, and Tom at 11. That work?" dasovich-j,"Rick: With everything else going on, I apologize for raising this issue, but I'm concerned that if I don't, it may fall through the cracks. I just realized over the weekend that within the next few weeks, I will have paid the full balance on tuition for the Fall 2001 semester in Berkeley's MBA program that I've been in since 1999. (By the end of this semester, I will have finished 37 of the 40 units that are required to complete the program). Naturally, I'd like to get reimbursed for the Fall semester's tuition, but I'm concerned that recent events create uncertainty at just about every level of the company. I know you've got a hell of alot on your plate right now, so there's no need to discuss immediately. I simply wanted to get it on the radar screen. Whenever you get a free minute, give me a ring and we can talk about it further. Take care, and thanks for listening." dasovich-j,"at the all-employee meeting, someone just asked Lay if he was on crack. broke the place up." dasovich-j,"Maybe the best thing for you to do is take a cab from the Hyatt to the Burbank airport Monday morning. My flight arrives on Southwest (from Oakland) at about 8 AM. I've rented a car. Then we can drive to Edison from there (it's about 30 minutes from the airport), east of Pasadena on 10. Then I can drive you back with me from Rosemead and you can catch a cab from Burbank to LAX. Should be pretty easy that way." dasovich-j,"Does it make sense to have a quick call (15-30 minutes) just to update you on the status of Edison/PG&E talks, what's going on at the PUC, etc.? Let me know. Today looks pretty good for me to try to do it." dasovich-j,"Couple of additional pieces of information: In conjunction with the issue paying ESPs past due PX amounts, Edison has affirmed that it will be making a proposal regarding how it wants to calculate the PX credit going forward. It remains unclear whether Edison will try to fold controversial issues into negotiations on getting paid past due PX credit amounts(e.g., PX credit contributed to undercollection and therefore DA customers should help pay down the undercollection; DA customers must pay for stranded DWR contracts, etc.). So while Edison is making good noises about wanting to settle (which is a certainly a step in the right direction), it's still unclear whether they intend to attach terms to the deal that make the whole thing a nonstarter. Got a call into John Fielder to try to get answers to some of these questions. Will report back when (and if) we get some answers." dasovich-j,"Firms Push Edison Near Bankruptcy Energy: Power generators ask firm to spell out how they will be repaid hundreds of millions of dollars for purchases under deregulation plan. By NANCY VOGEL and JERRY HIRSCH TIMES STAFF WRITERS September 29 2001 SACRAMENTO -- Five big energy companies owed hundreds of millions of dollars by Southern California Edison pushed the utility a step closer to bankruptcy Friday by asking Edison to sign an agreement spelling out how each will be repaid. The companies demanded that Edison meet with them within two weeks to work out a repayment plan and implied that otherwise they would drag the Rosemead-based utility into Bankruptcy Court. Under federal law, any three creditors can force a company to file for bankruptcy if they are owed a combined $10,775. The five generating companies collectively are owed hundreds of millions of dollars, although the exact total is not known. The letter was a significant step in maneuvering over Edison's fate--a dance that has gone on for months but now appears to be nearing its close. Edison has been reaching deals with some of its creditors, but has kept others waiting. Some power generators, in turn, have been threatening to push Edison into bankruptcy, although so far only Mirant Corp. and Reliant Energy have publicly embraced that idea. And Gov. Gray Davis and legislative leaders have continued to debate a plan that the governor believes could avoid a bankruptcy. The letter, sent by William Bates III, a Palo Alto attorney representing the five power generators, expressed frustration that Edison so far has been unwilling to work out a repayment plan with large power producers. Under the Edison rescue plan that the Legislature debated and ultimately adjourned without passing earlier this month, Edison would have settled with its smaller creditors but been left with $1 billion in debt to big power sellers. ""This group of creditors is significant in both number and amount and deserves and requires to be dealt with as such,"" says the letter to Edison's private attorney, Thomas B. Walper of Munger, Tolles & Olson in Los Angeles. ""We would be willing to discuss any ideas SCE has"" about an agreement to repay its debt, the letter continues, ""but we don't want to waste anybody's time. Thus, as a first step we want to know whether SCE is interested in negotiating. . . . Please give us a simple 'yes' or 'no' answer to that question. ""Of course, we reserve all our rights and remedies in the event that SCE does not want to meet on these terms or we cannot reach a mutually satisfactory agreement,"" Bates wrote. The five companies are Reliant, Mirant, Dynegy Corp., Enron Corp. and Puget Sound Energy, which is the biggest investor-owned utility in Washington state. Edison officials refused to comment. The frustration on the part of the power generators appeared to mount Tuesday, when Edison announced that it had reached an agreement to pay off its $14-million debt to the city of Long Beach, which sold Edison electricity produced at a trash-fueled power plant on Terminal Island. Edison has also reached repayment plans with many small and renewable power producers who collectively are owed $1.2 billion. ""Edison can take steps to assure that all creditor classes are treated equally,"" said Richard Wheatley, a spokesman for Reliant Energy in Houston, which is owed $100 million to $200 million by Edison. A spokesman for Atlanta-based Mirant, which is also owed more than $100 million, sounded a similar note. ""It is time SCE made clear when, how much and even if it is going to pay us,"" Patrick Dorinson said. So far, other creditors have balked at the idea of pushing Edison into bankruptcy, believing that a judge would probably consider a bankruptcy petition premature until after the Legislature meets Oct. 9 in a special session to deal exclusively with Edison's plight. Davis, who insists that Edison should not be allowed to file for bankruptcy, ordered the new session earlier this month after legislators adjourned without passing any legislation that would shrink Edison's debt. Other Creditors Take Notice Senate leader John Burton, (D-San Francisco), has said that any such bill would have to guarantee that the burden of paying off the utility's $3.9-billion debt does not fall on homeowners and small-business owners. The letter from the five generators caught the attention of other creditors who have so far played along with SCE's strategy of winning a legislative rescue. ""From our perspective, the days of luxury for Edison are over,"" said John Moorlach, Orange County treasurer. The county holds $1 million of defaulted SCE bonds in its retirement plan. Moorlach said he believes that if SCE does not quickly reach an agreement with the generators, they will push the utility into Bankruptcy Court. ""By doing this, the generators are trying to show that they are making a good-faith effort to reach a settlement first,"" Moorlach said. But Jay Lawrence, spokesman for the Renewable Energy Creditors Committee, said his members believe the move by the generators shows they have backed off from an immediate involuntary bankruptcy petition filing, at least while they try to open negotiations with SCE. ""We still want to see a legislative solution, and we are against bankruptcy,"" Lawrence said. Edison provides electricity to 11 million people. It racked up the $3.9-billion debt over the past year as it purchased high-priced electricity in the fledgling market California created under a 1996 deregulation plan. The state's deregulation plan included a rate freeze that barred Edison from passing the full cost of the power it bought on to customers. By January, Edison's debt had grown so heavy that power sellers refused to deal with the utility. The state had to step in with taxpayer money to keep electricity flowing. So far, the state has spent $10.7 billion on power purchases. Edison's counterpart in Northern California, Pacific Gas & Electric, suffered the same financial squeeze in the state's dysfunctional market. PG&E took itself into bankruptcy in April. The generators' demand came on a day when Edison officials said they were close to winning an agreement from bankers to delay collecting on $200 million in loans until Oct. 19. Shares of Edison International, the parent company of Southern California Edison, rose almost 5% Friday to close at $13.16 on the New York Stock Exchange. * Times staff writer Nancy Rivera Brooks contributed to this report." dasovich-j,"Thanks for the invite, but I have class. She have a job yet?" dasovich-j,"Also, GWF is a QF developper from back in the days when QFs roamed the earth. Rather small player at that as best as we can tell." dasovich-j,Dan: Please add California Cast Metals Association to the list of signatories. Thanks. dasovich-j,Yes. I called him yesterday after the call and filled him in on all the details. So he's up to speed; but feel free to forward. dasovich-j,"Got your message. As soon as I get a hold of Williams--not sure where he is--we'll have the call. Hopefully we can do it within the next 30 minutes or so. That work for you? And when it happens, I can conference folks in using my phone. What's your direct dial." dasovich-j,shoot me a draft of the withdrawal before you send it in so i can say that i reviewed prior to submission. thanks. dasovich-j,"Just wanted to make sure that you have seen the announcement about the move, the meeting (on the 18th) they're having to explain and the brief description. If not, let me know and I'll fax it to you. And unless you have any objections, I'm seriously considering attending the meeting, since this has been one of the biggest problems we've had in the gas industry in California. Let me know." dasovich-j,nope. will keep trying... dasovich-j,Hi Lydia: Could you let me know what time in the afternoon of November 13th works with Brad's schedule? Will need 60 minutes. Thanks very much for your help. dasovich-j,Will do. Computer just got back up! dasovich-j,"hmmm. my understanding is that prentice has a full plate this weekend, but don't know her precise schedule, so I was going to the dome to meet with dottie's cousin and the apple tree guy, and try to make some more progress finishing the cabin." dasovich-j,"fear not o boisterous one. you know that eggers is speaking in SF in the fall, right? Colleen Silva 07/10/2001 02:50 PM To: ""'Jeff.Dasovich@enron.com'"" cc: Subject: RE: hey whassup? darling boy- i'm never mad at you, never ever, and i really do adore you to death and forever and can't bear the idea that we wouldn't be friends till death do us part, and that i wouldn't be welcome in your life, so no, i was never mad and don't even remember which of my (many) soliloquoys you may have interrupted or are referring to but i do know that i have a rather boisterous personality and perhaps i stepped on your toes and this is not my intention and i adore you and my company is about to go under so the idea of being unemployed AND having you upset with me is far too much for my delicate self to handle... xo" dasovich-j,"See story below. State completes history's largest municipal-bond sale California's treasurer executed the largest single sale of municipal bonds in U.S. history Tuesday -- a $5.7 billion offering aimed at covering cash shortages linked to the state's energy crisis. The sale -- coming in an environment of record-low interest rates -- also proved to be the cheapest such short-term financing by the state on record. And it provided a backdrop for a warning from state Treasurer Phil Angelides that continued delay in the long-awaited $12.5 billion energy-bond sale could wreak havoc with the state's budget in the next fiscal year. With the Sept. 11 terrorist attacks delivering a blow to an already shaky economy, there is concern that state revenues may drop even more precipitously than they have in the past year, leading to a crunch for the fiscal year that begins July 1, 2002. The slower state revenues coupled with increased expenditures and the added burdens of the ongoing energy crisis, could force ""Draconian"" budget cuts, Angelides said. ""We were already facing tough budget times in 2002-2003,"" he said, ""and that was before the tragedy of Sept. 11."" Now, if falling revenues are added to the ""$6 billion hole, we'll have deficits akin to the early 1990s,"" Angelides said, noting the dramatic effects would be on people who depend on state services. Earlier this year, the state advanced $6.2 billion in general-fund money to buy wholesale power for customers of Pacific Gas and Electric Co., Southern California Edison and San Diego Gas & Electric Co. Repayment to the state general fund depends on successful sale of the $12.5 billion in energy bonds -- a transaction Angelides said requires key approvals from the state Public Utilities Commission. The huge energy-bond sale initially was proposed for this summer and then moved to late October or early November. But the plan before the PUC has drawn heavy opposition from state utilities. With utilities and others threatening lawsuits at every step of the way, regulators have needed time to build a legal record for each of the seven decisions the treasurer seeks, PUC President Loretta Lynch said Tuesday. This year, ""we've been taken to court probably five times more than we've been taken to court last year,"" partly because the commission has been making historic decisions and partly because it's been trying to make them so fast, she said. But Angelides said that given the delay in PUC action, he is doubtful an energy-bond sale can occur before 2002. Besides raising the budget concerns, that also could mean that California misses an opportunity to capitalize on the very low interest rate environment. ""I do not see a way now that this bond issue can happen this year,"" he said, citing the minimum 60 days of public notices and appeal periods that would follow PUC action. Tuesday's bond sale to meet the state's cash-flow needs involved what are known as revenue anticipation notes. The notes are fixtures on California's cash-flow landscape. In 1993-94, for example, the state sold $8 billion through multiple offerings. No such sale was held last year because the state had an adequate surplus. But a year earlier, in fiscal 1999-2000, $1 billion in notes were sold to meet cash-flow needs. Besides being the largest municipal-bond sale on record, Tuesday's sale was also the largest muni- and corporate-bond issuance since the terrorist strikes. Tuesday's debt issuance was viewed widely as a success because the vast majority of the securities found buyers. ""It speaks to overall quality of the state's credit and the way the state is perceived, particularly in light of Sept. 11,"" said Peter Taylor, senior vice president in the Los Angeles office of Lehman Bros. As senior manager on the sale, Taylor and Lehman Bros. coordinated participation of more than 20 investment-banking firms. ""There was wide acceptance from a range of investors, retail (buyers), mom-and-pop buyers all the way to mutual funds and corporations,"" Taylor said. The level of orders exceeded the offering by more than $2 billion. That allowed yields to be lowered through negotiations from the 2.25 level initially proffered to the lowest RAN on record in the state, an annualized 2.22 percent. The notes mature June 28, 2002. Overall yield, counting the variable-rate portion of the issuance, is only 2.17 percent. Had the $6.2 billion in general-fund money been repaid, Angelides said, the need for Tuesday's short-term debt issuance ""would have been substantially less ... if not eliminated."" Even so, Angelides said the state was fortunate to ""move into the market and get extraordinary interest rates, and we will be able to make it through this fiscal" dasovich-j,"FYI. I ran into Bryson last Friday. He told me (insisted, in fact) that Edison was paying everyone in February. He told me (insisted, again) that they would have all necessary approvals from the PUC in the next several weeks. He said that once those approvals are in place, they'll quickly get financing in place to ensure a February payment date--for everyone. I said that was great news but that the market didn't seem quite as certain. He was pretty firm. He also said that it was too late for anyone to take them into bankruptcy involuntarily, that a judge wouldn't go for it. Did you know if Lay every talk to Bryson?" dasovich-j,i'm back. 415.782.7822. dasovich-j,Looks like the market ain't crazy about our 10Q. You get the go ahead from Whalley on PG&E? dasovich-j,That makes at least two of us! Hope you're doing well. We intend to continue to fight vigorously to re-instate direct access in California. Hope we'll be able to work together to get choice back. dasovich-j,"Here's where I left off: At least 3 things that need to be included: 1. Port exercises prepay. 2. ABM sells lease (capital gains?). 3. Depreciation expense/benefit. Take a peek and let me know what you think. Kisses," dasovich-j,I think Sue should come down with something (I know I would). Horowitz? Eegads. He will be relentless... Looks like this group likes a good food fight. dasovich-j,"In a speech last night at Standford's Hoover Institution, Abraham announced the money to Upgrade Path 15 and said it should be completed by '03. Said a consortium of IOUs (including PG&E), munis and generators will participate. Press is also reporting this morning that Davis administration is confirming that it's trying to rework some of the long-term DWR contracts." dasovich-j,"In the constant state of ""blur"" I'm in, I somehow unintentionally left you off the note. Your comments/thoughts/feedback is of course greatly appreciated." dasovich-j,talked to roger again. give me a call when you get a chance. dasovich-j,"Really don't want to write anymore notes. while he's a friend, and i've known him since he was a lowly VP, sending lots of emails to CEOs, even in a flat org. like enron, is, well, bad form. let's see what happens. just let ian know that there's a chance that the meeting might take place prior to the EES debrief. The cooking thing is great. The funniest thing is that Prentice has always said that she hates rice, and therefore risotto. so i'm psyched." dasovich-j,andy: don't you have a cell phone? jeff dasovich-j,Seriously? (I'd be happy dasovich-j,"Assume for now at least that the currently allocation stands pat. Pretty crazy, huh? Gotta hand it to Loretta Lynch." dasovich-j,"Eldon called me this morning informing me that it's their anniversary this weekend. As such, I sort of tossed any other plans out the window and told him that we'd definitely be around. As such, I was wondering if you guys planned to do the same, and if so, (following up on your note Scott), it would be totally fucking cool to play golf Sunday morning (particularly since I have not desire to sit around a and watch football). You guys up for golf? You plan on doing the anniversary thing?" dasovich-j,FYI. Indicates where CMTA is on key bills working their way through California's wacked out Legislature. dasovich-j,"You're a good man. Thanks. You may regret having offered, though, since there's an extremely good chance that I'm likely to take you up on it." dasovich-j,"give me 3 dates (very soon) and promise that you won't cancel, change, modify, reschedule, delay, postpone, or amend. I'll find out which one works. when you leaving for NYC? the movie sounded VERY funny (from the riotous laughter i heard). and those menus really do look good--maybe you could get by by giving your mom that piece of things (with your OK, of course) and that would make her feel like she's got a chunk of the event and it could leave you guys with the freedom to do all the other stuff. just a thought. i'm very excited but not altogether hungry. best," dasovich-j,No problem. I'll let them know. dasovich-j,Send what? Nothing was attached. dasovich-j,"I was trembling. I mean, it read like a chilling cold-war spy novel. Can barely write. I'm quivering all over...." dasovich-j,"Here is some additional information since the circus closed down in Sacramento on Saturday morning. The Senate adjourned early Saturday morning, closing out both the regular session and the second extraordinary session. The Assembly adjourned a few hours later, closing the regular session, but NOT the second extraordinary session. The Legislature's options: 1) The Governor calls them back in two weeks, they continue with the second extraordinary session, and pick up where they left off with the bills they were working on up till Saturday morning. 2) The Governor calls them back in two weeks, the Assembly ends the second extraordinary session, they begin a third extraordinary session, and the bills that were left hanging on Saturday morning must start the process from scratch. However, they can pass a ""waiver,"" which effectively would allow them to start a 3rd session AND then pick up where they left off on Saturday morning. 3) The Governor calls them back in two weeks and the Legislature meets briefly and shuts down without doing anything, i.e., the Govenor can call them back, but he can't make them vote. In short, the Legislature has a significant amount of discretion to do what they please. Where to from here? Through its actions on Saturday morning, the Senate has sent a strong signal to Davis that the Senate is not inclined to vote out an Edison bailout that differs from the version it passed prior to leaving for summer recess last July. Just before closing down on Saturday, the Senate also passed a resolution declaring that ""...the condition of electric service in California no longer consitutes a 'sudden and severe energy shortage'"" and ""...that the state of emergency proclaimed by the Governor on January 17, 2001, is at and end."" The resolution seems to send an additional signal that the Senate does not see any great need to bail out Edison. The Assembly did not pass the resolution, however. Given the Senate's view, and the open hositility between Davis and Burton, Davis' only remaining option seems to be to threaten the Senate with vetoes unless the Senate first passes the Davis' Edison bill. It is unclear at this time whether Davis would play it that tough. With the Legislature gone, the action turns to the PUC, where a vote on DA suspension is scheduled for Thursday. We are working with customers and providers to stop DA from being suspended, or at a minimum, to ensure that any suspension date is not retroactive. Finally, Burton held a news conference this morning at which he said: Burton and Senator Bowen (Bowen's been taking the lead on DA in the Senate) will ask the California PUC to do a study on how DA can be retained without ""adversely affecting homeowners and small businesses."" He doesn't know why ""the Governor would waste taxpayers' money to hold a special session."" With all the troubled businesses in California right now, he doesn't know why the State would bail Edison out and not the others. If all this sounds ridiculous, it is. We'll report back with additional information as we get it." dasovich-j,"Hope you're well. best," dasovich-j,"Only couple brief comments on the version that includes Edison's comments: Under the definition of ""Spot Market Service"" it now reads: This service is available for Large Customers and Medium Customers whose service from a Direct Access provider has been interrupted, or who have failed to elect or be deemed to elect either Direct Access, Core Service or Term Service. I don't understand the meaning of the phrase ""or be deemed to elect."" If inserting the phrase serves an important purpose, then perhaps it's appropriate to leave it in. But we haven't discussed any reason for needing it. As such, given the last-minute nature of the change, it should be deleted. There is one heckuvalot of detail in the rate-related language that Edison provided that we didn't have a chance to discuss in our negotiations. It may turn out that it's all fine, but I frankly haven't haven't had the chance to adequately wrap my meager mind around the language, so I just want to let folks know that many more comments on those pieces may pop up from my end in the near term. Finally, I just want to raise a flag on section 25465 (a) (6) regarding the green portfolio standard. We never discussed/analyzed those additional percentages and consequently we never established a ""zone of comfort"" around including those numbers. That may become an issue (and may not, just wanted to briefly flag it). Thanks again for all the effort." dasovich-j,"Man, makes California look like a second rate circus. You two are having all the fun. Surprisingly refreshing to hear that Massey put it to them." dasovich-j,"No intent to make people pay twice. Anticipated that Edison might not want to be at risk for costs associated with retail gen service (e.g., AS, GMC, shaping) while only allowed to charge the wholesale price. Any changes necessary to ensure no double counting are welcome. Also, if 30 days seems to short to for some customers do strike a deal with either the utility or an ESP, then it might be appropriate, and I wouldn't object, to extending it to 90 days. In my conversation with Dorothy, both 30 and 90 came up. 90 is reasonable, but it would seem to be the uppermost limit. Thanks very much for the comments." dasovich-j,She's gotta be freaking. Can you imagine going through this twice!? dasovich-j,"I'd like to keep this confidential, but someone inside PG&E's gas group (for what it's worth) told me that participants will have a choice under PG&E's proposed extension of its Gas Accord. Either the participant can retain the capacity for the term of the extension (less the cost escalators in the original deal) or release the capacity back to PG&E with no penalty. I'll try to confirm that this is the view among most in PG&E." dasovich-j,Got your message. Call when can. You at the Supremes now? dasovich-j,FYI. Martin may be interested. dasovich-j,"Thanks. Did he change companies, or just phone numbers?" dasovich-j,I took a quick look. In short: --create regulatory asset out of the PX credit --collect on utility bills as dedicated rate component --silent on who should pay the charge. dasovich-j,Got your message. Likely makes sense to also call Evie Elsesser and Dan Carroll. Let me know if there's anything else. dasovich-j,"Craver will head up any of these specific deals that Edison enters into. I've known Fielder for a long time (very much the company guy, but pretty easy to work with). I've met Craver, but don't know him as well as Fielder. Won't be a stretch to get a meeting with Craver if we choose to do it. Edison is the counterparty. Regarding the credit issue, in addition to Edison, we should also view the California PUC as a ""co-counterparty"" to just about anything Edison does over the next 24 months or so." dasovich-j,"Greetings Ms Kahl: Few things: 1) No, I'm not looking for employment in the face of Enron's current financial ""challenges."" 2) Could you forward Michael's email address to me? 3) Are you aware of what Edison's going to be proposing at the PUC on Nov. 7th w.r.t. how it intends to recoup its ""undercollection"" under its settlement with the PUC. In short, all DA customers, irrespective of whether they were taking from Edison at the time that Edison accrued the ""undercollection,"" would be ""responsible"" for paying. Which means DA customers would pay twice for power--once to their ESP and now, again, to Edison. Is this something that your clients care about? We care quite a bit. One of the big issues is whether there ought to be hearings on all of this, or whether Karl Wood ought to just be able to push rates around based on briefs only. We feel pretty strongly that hearings are required. One of our big concerns is that this will be the tip of the iceberg, i.e., Edison will continue on after this in an attempt to force all kinds of costs on customers. You have a view on whether hearings are required? More importantly do your clients have an interest in all of this, and will you be there on the 7th? Inquiring minds want to know. Hope you're well. Please don't travel over any bridges." dasovich-j,Missed the analyst call. What was your take? And you hearing that Lay's calling Edison today? dasovich-j,"Greetings; I've tried to accommodate everyone's comments, but there's still a hole or two. In addition, seems that the letter would benefit from a bit more editing to make it shorter. Richard, note that I've left a place holder in the opening paragraph to fill in a summary of our arguments and the conditions under which we'd be willing to produce certain documents." dasovich-j,"It's going to be extremely difficult for anyone who has consumed electricity to avoid paying for it. It will be particularly difficult for Enron to exempt itself from costs incurred by the state on behalf of Enron's customers. Prior to us pushing amendments on this bill, can we discuss on the 11:30 call today. Harry and I have discussed this at length, and I just want to make sure that we don't blow up the whole enchilada by trying to get an amendment here." dasovich-j,"Didn't work. Was it in yesterday's gas daily? If so, I can access it. Thanks very much for your help." dasovich-j,"Here it is. It's somewhat quick, but I don' t know what your timeline is (hopefully quick). Let me know what you think (hope you don't mind that I modified your title). Any word from Loretta re: whether a letter from big customers would help in the fight against tantrums from Angelides?" dasovich-j,Sweet. Thanks. dasovich-j,"Had a long chat with UC that I'd like to pass along, and a couple of additional issues arose in the course of the talk that I'd also like to discuss. Is it possible to talk for 15 minutes first thing in the morning." dasovich-j,"Greetings: First, thanks for the pizza. Second, in line with the ""role play"" that you described in class and in the handout for the project, we took your direction to heart and tried to make our presentation slides very free of jargon, spreadsheets, reams of numbers, etc.. Given the end-of-semester work load, we, like everyone else, are very appreciative that we will only have to turn in the presentation and the spreadsheet for the project. Given the change, if you would like, we would be happy to ""beef up"" the presentation to include more numbers, jargon and other technical gems, though the spreadsheet lays out most of that information pretty well. Whichever way you prefer is fine by us. Just let me know." dasovich-j,"You won't believe this. Jerry Bloom left me a message. Wants to talk, though I wouldn't get my hopes up. I'll let you know what he says." dasovich-j,Ain't got it yet. 415.782.7854. Thanks a million. dasovich-j,"Edison Utility Rescue-Plan Session Set for Oct. 9 by Davis By Michael B. Marois Sacramento, California, Sept. 27 (Bloomberg) -- A special legislative session to consider a rescue package for Edison International's insolvent California utility won't begin until Oct 9., aides for Governor Gray Davis said. The governor had been expected to call lawmakers back Oct. 2. His aides didn't explain the reasons for the delay. The governor plans to make an announcement at 3 p.m. San Francisco time, Davis spokeswoman Hilary McLean said. Southern California Edison, California's second-largest utility, accrued $3.9 billion in debt under the state's deregulation law, which froze consumer rates and let wholesale power costs rise. Some of the utility's creditors are trying to put together a group of three to force the company into bankruptcy. PG&E Corp.'s Pacific Gas & Electric, the state's largest utility, filed for bankruptcy in April. The Legislature adjourned Sept. 15 without approving a $2.9 billion rescue package, prompting Davis to announce he would call lawmakers back to Sacramento to consider a new plan. The latest Edison measure may let the utility sell $2.5 billion to $2.9 billion in bonds to pay off its debt, secured by existing rates on about 20 percent of its largest commercial customers, Davis aides said last week." dasovich-j,"This story reflects fairly well the debate underway regarding the DA suspension date. The Treasurer, Angelides, is taking a hard line. We are working with others to get the date pushed back. California PUC staff has started calling around trying to estimate how many customers have very recently switched or are trying to. They have made inquiries to our customers, including UC/CSU." dasovich-j,"fyi. sue's at home. try her cell phone 415.902.4108. best," dasovich-j,"Thank you Robert for pointing that out. I think there is/will be an opportunity--if we can ever get paid, and if we can ever comfortable from a credit standpoint--and my apologies for not having flagged that sooner. Too many balls.........in the air." dasovich-j,"Fielder agreed to sit down and talk as soon as we'd like. He said that his ""legal and tariff guys"" told him that ""they're on solid ground""; but John admitted that doesn't mean that Edison ""is right."" I told him that his lawyers and tariff people may think they're on solid ground with the PUC, but that in no way means that an appellate or (""god forbid) bankruptcy judge will concur with either Edison or the PUC. I stressed that we weren't interested in meeting to re-hash our respective positions and that we wanted a meeting where we and they come to the table with constructive, good faith options to resolve the issue. He said that he'd be willing to do that (though most deeply discount anything Edison says these days). He suggested that we start without lawyers. I said that we could do that, but that I'd have to check. I told him that we'd try to get back to him sometime today regarding what we'd like to do. Possible to discuss briefly?" dasovich-j,"Thanks for your efforts, thanks for trying, and thanks for your strong sense of decency. If there's anything whatsoever I can do to assist, don't hesitate." dasovich-j,"Will do. Ain't got a chance to call him yet, but will do so by COB today. Agree we need to get it nailed down, period." dasovich-j,FYI. Utility recent submissions to PUC regarding DASR process under 09.20.01 DA suspension. dasovich-j,"LADWP, Run By Davis Adviser, Cashed In On Calif Crisis Dow Jones Capital Markets Report via Dow Jones By Jason Leopold Of DOW JONES NEWSWIRES LOS ANGELES (Dow Jones)--On a single day in June 2000, the Los Angeles Department of Water and Power, the largest municipal utility in the country, raked in $5 million selling California surplus power for $1,000 a megawatt-hour - about 30 times the average price the utility charged the month before. That sale, reported by the California Independent System Operator and confirmed by the LADWP in an interview last June, was one of many instances in which the municipal utility cashed in on California's power crisis. On Monday, the Department of Water Resources, the agency that has been purchasing California's bulk power needs in lieu of the state's cash-strapped utilities, released a detailed report of spot-market power purchases showing the LADWP charged the state an average of $242 a megawatt-hour for power from Jan. 18 through May 31 this year. That price is about $35 higher than those charged by most of the out-of-state generators Gov. Gray Davis has criticized repeatedly as price gougers. Potentially embarrassing for the Davis administration, however, is that the LADWP was formerly run by General Manager David Freeman, who in April became Davis' top energy adviser. Steve Maviglio, press secretary to Davis, said Texas-based generators are primarily to blame for the high wholesale prices that crippled the state's two largest utilities. ""Anywhere they wear cowboy hats, they probably have handkerchiefs across their face, because they are robbing us blind,"" he said. ""The bad guys are clearly the out-of-state generators."" Freeman's trademark is a white Stetson. The former LADWP chief, who last September quipped that a ""blind pig could make money"" under California's faulty deregulation setup, didn't return calls for comment. Freeman took a leave of absence from the LADWP in January to negotiate long-term power contracts on behalf of the state. Power To Sell According to the DWR report, the LADWP brought in $331 million selling power to the state between Jan. 18 and May 31 this year. The LADWP, which didn't take part in the state's deregulation debacle and which isn't under the jurisdiction of federal energy regulators, also cashed in throughout 2000. The utility has 7,000 megawatts of generation capacity but only needs about 5,500 MW to serve its retail customers, freeing it to sell as much as 1,000 megawatts to the ISO at prices comparable to what the generators were charging. The LADWP did so well that it was able to pay down $200 million in debt and will reduce its customers' rates in 2002. ""It just shows you that enterprise is where you find it,"" Freeman said in an interview last year. Last July, ratings agency Fitch concluded that California's electricity shortage provided LADWP ""an opportunity for the sale of surplus power at favorable prices which added to the municipal system's coffers."" According to a report by the ISO, manager of the state's electricity grid, the LADWP overcharged California for power from May 2000 through February 2001 by as much as $20 million. Maviglio said the state will pursue refunds from the utility. On Tuesday, an LADWP spokesman defended the utility's power prices, saying the costs of producing electricity were extremely high. The ISO has estimated that the state was overcharged nearly $9 billion for electricity sales in the 12 months ended May 2001. On Monday, settlement talks between state officials and generators over the refunds broke down. Other municipal utilities, including the Sacramento Municipal Utility District and private companies like BC Hydro in Canada, have also racked up enormous sums selling surplus power to California at the last minute. -By Jason Leopold, Dow Jones Newswires; 323-658-3874; jason.leopold@dowjones.com (END) Dow Jones Newswires 07-10-01 1557EDT (AP-DJ)--07-10-01 1557EDT :TICKER: EIX PCG SRE :SUBJECT: EUTL CA COBO MU PETR Copyright (c) 2001 Dow Jones and Company, Inc. Received by NewsEDGE/LAN: 7/10/01 12:57" dasovich-j,"The state treasurer sent a letter this afternoon to Loretta Lynch. The treasurer claims in the letter that, by extending DA through Sept. 20th, the PUC could have shifted more than $8 billion to small customers. He urges Lynch to immediately roll back the date to July 1. We have started working with large customers to refute the letter. If you would like a copy of the letter, please send your fax number to Joseph Alamo." dasovich-j,Great first cut. Thanks very much. Keep 'em coming. dasovich-j,"Thank you so much for all you've done for Annie. You know that I've really come to love that crazy dog, and it meant a lot that you and Eldon were always so caring. She is truly a lovely dog and I'll miss her immensely, but it helps that everyone was so loving. And I'm really sorry that I couldn't be there for her today, but the Enron thing is really a mess and I've got responsibilities on that front that I just can't pass off. Thanks again so much for everything. Hugs," dasovich-j,"Below is an update from the weekend's activities. The group negotiating the core/noncore proposal met over the weekend to attempt to put the proposal into legislative language/format. The product produced thus far is generally sloppy and ill-drafted and the individual facilitating the group is working tonite to integrate the comments provided and discussions that took place today. He will distribute a new draft by noon tomorrow (PDT). The plan as it currently stands is to deliver a product to Hertzberg by COB tomorrow (Monday). As expected, some in the group are attempting to ""recontract"" certain portions of the original deal, but those attempts are generally at the margin. The DWR contracts remain a key impediment to any deal. Senator Burton has still not definitively committed to a conference committee to produce a bill to deliver to Davis. In addition, the legislation to create a dedicated rate component to service the bonds to repay the state budget for power purchased by DWR (and de-link the bonds from the DWR contracts) may be on a slower track than folks thought initially. Will have more information tomorrow on where Burton and the bond legislation stand." dasovich-j,talked to karen denne. she saw presentation and agrees. she's going to call sue. dasovich-j,Greetings. I'm assuming that we're still on for the call. Let me know. Hope things have calmed down somewhat since the deal was announced on Friday. dasovich-j,"Thanks, Ken. I'm focused on the letter, so it would be very helpful if you could draft some brief message points and email to me and Karen. Then the three of us can bounce them around a bit before distributing to the larger group for comment. Thanks again." dasovich-j,"Michael Tribolet and I are scheduled to meet with Fielder on Monday, Oct 1. at 10 AM to test the waters for a possible settlement of our PX credit claim with Edison. If the Governor calls a special session to begin Oct 1, I'd guess that Edison will try to delay the meeting." dasovich-j,"Thanks very much Mike. The sense of urgency for getting this in ""the mix"" is not as high as it was yesterday, though we'll still need to introduce it at some point very soon. Thanks very much." dasovich-j,Might be able to do Sunday morning. Eldon's going to check and see if there's a tee time. Will report back as the news breaks. dasovich-j,"Golf, please. Though the horses sounds very inviting! Thanks a bunch." dasovich-j,"I'm sure that by now everyone's seen the letter that Angelides sent to Loretta last Friday. If you haven't, let me know and I'll have it faxed to you. In short, Angelides blames all of the financial woes of the State on Loretta and the PUC. Specifically, he claims that by allowing DA sign-ups to extend to September 20th, the PUC may have shifted over $8 billion to ""homeowners, small businesses, and other enterprises..."" Angelides ends the lettery by urging the Commission to immediately roll back the DA suspension date to July 1. The concern, of course, is that Angelides' assertions are out there and have received alot of press attention, i.e., Direct Access=$8 billion tax on homeowners. To her credit, Loretta refuted Angelides in the press accounts and repeated that the best way to get costs down is to renegotiate the DWR contracts. She also said in the press accounts that she intends to deal with the July 1/September 20 suspension issue at the next commission meeting. In light of these events (and the increasing attacks on Loretta by Angelides and others in the Administration) It might be useful to give Loretta an assist by drafting a very brief letter to her stating: Angelides is all wet--DA and ""fairness"" are not mutually exclusive and the PUC has all the regulatory tools necessary to ensure fairness is maintained going forward. Thus, the 8 plus billion dollar number is without basis. Re-stating that the PUC has no legal authority to retroactively suspend DA to July 1, etc., etc. Folks may have other points to make. Seems that we'd want to keep the letter short and to the point, however. A letter might be useful in order to 1) give Loretta some support and 2) get some counter-press in response to the Angelides tantrum. Any thoughts?" dasovich-j,"Couple thoughts. Understanding that we're really trying to get this thing done and that there's a million different ornaments one could hang on the tree (and bring the thing toppling down), I'll just throw this out for consideration. Seems that as a first-order issue, the judge is either going to approve the settlement or cede to arguments the PUC could make regarding its exclusive ratemaking authority--that is what it is. Assuming that the judge sides in our favor, there remains the chance that the PUC could take the Edison view and charge DA customers for the undercollection, thereby taking back what we achieved in the settlement based on the way our deals are structured with our customers. It would help alot if PG&E took the position at the PUC that (for a variety of reasons) the PUC should NOT tack on DA customers' bills any charges designed to pay down the utilities' undercollection. In a proceeding where Edison and PG&E are on different sides, our chances of prevailing are of course much better. But it likely won't do much good if we have any such deal written explicitly in the settlement document (i.e., PG&E agrees to take our side at the PUC). But if there's any way to do some sort of side deal, outside of the settlement agreement, and if PG&E were amenable, there might be some real value. Again, I know we want to get this thing wrapped up, but thought I'd toss it out there. We can take it or leave it." dasovich-j,"Dan: I wanted to follow up on our discussion last week regarding the peaker we're helping Lodi to develop. The project is a peaker plant inside Lodi's territory, with the power sold to DWR. The deal is both price and time sensitive (no surprise there). Needs to be on line Q3/Q4, 2002, at a price that's in line with price negotiated with DWR. For the gas interconnect, your folks tell us that the project requires $8-$11 MM in system upgrades that will take 14-16 months to complete. By contrast, the project could connect directly to Lodi's gas storage facility for about $2.6 MM and could be completed in about 4-6 months. In short, PG&E's offers blows through both the time and price constraints; the Lodi option accommodates both very well. We are very senstive to the tariff revenues you would forgo via a direct connect to Lodi and potential concerns regarding precedent over connecting directly to the storage facility. Therefore, 1) we'd be willing to pay the local distribution tariff price, irrespective of being connected directly to the Lodi facility, 2) we'd be willing to switch over and connect with PG&E once the upgrades in the Lodi/Stockton area are done, and 3) we'd agree that the direct connection with Lodi should be viewed as a ""special case"" (and not precendent) with the goal of avoiding exacerbating California's problems with supply shortages. Thanks for listening. Let me know what you think." dasovich-j,u hear about ISO? give a call. jeff dasovich-j,"Greetings: I just talked to Marcie. She's interested, but wants some more info to examine before setting up a meeting. Aren't there some press articles about the sort of muni partnerships you want to pursue with SMUD and Anaheim? Do we have anything else that I can email to her to wet her whistle for the meeting? Will get back to you very soon about meeting with Schori at SMUD." dasovich-j,"Dan: The chamber of commerce (because it never really plays at the PUC) has decided to sign on to CMTA's letter that it will submit, rather than sign on to the ARM filing. Please remove them from the list of signatories. Thanks." dasovich-j,We continue to attempt to kill the hearing altogether. Will advise with info as it happens. dasovich-j,"1)Market concentration limits reduced from 40% to 30 % of available receipt point capacity. P.44 2)SoCal will be required to make available on a daily basis any unutilized firm RP capacity. P.45 3)Price Cap for secondary intrastate market set at 120 % of SoCal firm rate. This is the same cap that applies to SoCal.P.46 4)Bilas mentions support for Hector Rd. as a delivery/receipt at Ferc. 5)PD does not reduce the core's interstate capacity nor their storage capacities but rather maintains these capacities at current levels. Current level 1044 MMcfd, proposed 1000 MMcfd on the interstate system and current storage 70 BCF, 327 MMcfd of injection and 1,935 MMcfd withdrawal Vs proposed 55 BCF. P.52 &54. 6) CTA's (Core Transport Agents) allowed to reject only their prorata share of non-reliability storage service.P. 58 7) SoCal directed to present(via Advice Ltr.) how the cost of noncore default balancing will be allocated ONLY to those noncore customer using this service and not to the Core customers.P.62 8)PD rejects the requirement that SoCal/SDG&E file an application with a proposal to address core procurement function as the default provider. P.63 9)Preserves the right for SoCal/SDG&E to seek recovery of expenditures associated with the transfers of customers from Core to Core Aggregator. P.66 10)PD orders a 10 % cap on ITCS (stranded cost)responsibility borne by bundled core customers due to unbundled core interstate capacity. P. 75 11) PD orders that the core contribution to noncore ITCS will end effective the adoption of the PD. Additionally, noncore customers to pay 50% of core ITCS till the end of the core TW and EPNG agreements. The PD estimates an additional $18 million over next 5 to 6 years. P. 78 The PD provides an estimate of increased stranded cost for the noncore between 01 and 06 to be approx. $ 44.4 Million. 12) PD say NO to an increase in the core brokerage fee of $ 0.0039 (to $2.4 cents).P.83. 13) PD treats Core Subscription service differently on an accounting basis. P.85-87 14)Generally, the PD makes some administrative changes to the small core/ESP market rules and SoCal services and consumer protection implementation . P 88-100. 15)Lots of tweaking on how SoCal can recover the cost to implement to services envisioned under the CSA. P. 103-110." dasovich-j,"Thanks for forwarding them along. At some point this evening, I'll be done with the semester. Hope you guys are done soon, too. Congratulations for another semester down, and ONE to go." dasovich-j,wouldn't miss it. how's lil' annie doing? dasovich-j,Great questions. Some brief responses. We can discuss further tomorrow. dasovich-j,"deepthroat is rather provocative, don't you think? Hey, whatever you're doing, keep it up! I don't know how you moved the stock from 24 to 37, and I don't care. Keep it up!" dasovich-j,"The PUC's decision 1) suspending DA and 2) signaling the PUC's intent to continue to consider nullifying DA contracts signed after July 1 is full of holes. We haven't detected any downside in joining with coalitions, and trying to get other coalitions, to appeal the PUC order. Sue Mara is working with the ARM coalition to appeal yesterday's order and is taking the lead generally on the effort to reverse things. The appeals that we would join, and attempt others to persue on their own, would focus principally on two issues: 1) disabusing the PUC of the notion that it has the legal authority to nullify contracts retroactively, and 2) lifting the suspension on DA altogether (let me know if I've missed anything here, Sue). Please let us know if folks have any concerns that would cause us to reconsider pursuing these challenges." dasovich-j,"Gee, sure was nice of Andy Fastow to wish us all happy holidays. You see the Lehrer News Hour spot on Enron last night? Very ugly. Sure seems like folks will be testifying before Congress (much) rather than later...Oh, and remind me to thank Anderson for their supportive comments--looks like a mud-fight is brewing. Hope you're doing OK." dasovich-j,"Perhaps, given Nancy's note, you didn't get my previous email saying that I'm back up (for now). Greetings all." dasovich-j,"Got calls in to them. Will let you know just as soon as I hear a thing. And, yes, you spelled them correctly." dasovich-j,"Jesus, 93 million Enron shares have traded thus far today. Insane." dasovich-j,"No problem. Man, for someone who doesn't know much, you sure know alot, based on the note you sent. It's your call on today's lesson. If you're feeling under the weather, then we can pass for today. Otherwise, I'll show up at 4:30. Just let me know. And you can decide anytime between now and 3:30. I don't know how much Eldon and Rory can help, but they're both real knowledgeable and generally love thinking about this kind of stuff." dasovich-j,Thanks. Look forward to talking soon. Don't work too hard. dasovich-j,got message. call when u can. 415.782.7822. dasovich-j,"State lowers estimate of energy costs Consumers might see rates decrease Lynda Gledhill, Chronicle Sacramento Bureau Saturday, October 20, 2001 ?2001 San Francisco Chronicle URL: Sacramento -- The state lowered its estimate yesterday of how much it will cost to buy power -- suggesting that lower rates could eventually be the result. Officials of the Department of Water Resources said the state will need $17. 2 billion to buy power through the end of 2002 -- about 20 percent less than previously estimated. The agency began buying power on Jan. 17 when the state's three investor- owned utilities were no longer considered credit-worthy. At the time, prices on the spot market reached upwards of $450 a megawatt hour. Now, however, prices average $30 a megawatt hour. ""Circumstances have changed,"" said Ron Nichols of Navigant Consulting, which is a consultant to the Department of Water Resources. ""Conservation has helped, we think the DWR contracts have established reliability in the market. We have broken the back of the spot market."" Earlier this year, the state signed 56 long-term contracts with various generators to purchase power. Those contracts, which were inked when prices were at their peak, have come under increasing fire from lawmakers and the PUC, and Gov. Gray Davis' administration acknowledged this week it hopes to renegotiate some of the pacts. But the contracts represent only about a third of the power the state needs every day. The rest comes from the spot market -- purchases made just a few minutes or hours ahead of when they are needed. Prices on the spot market have dropped, in part because the price of natural gas has taken a nose dive. It is unclear whether consumers will see any benefit from the lower power costs. If the projections hold, the state could either lower rates or scale back plans to issue $12.5 billion in bonds needed to pay for the energy purchases. At the same time state energy buyers trumpeted lower costs, they blasted the state Public Utilities Commission for a decision that they say could cost residential and small business consumers $8 billion. Administration officials and state Treasurer Phil Angelides said a PUC decision to delay the suspension of direct access -- the ability of large businesses to bypass utilities and contract directly with generators for power -- will shift higher costs to smaller customers. The PUC proposed the ban on direct access in June but didn't adopt the policy until Sept. 20. During that period, the amount of energy large consumers contracted for through direct access increased from 2 percent to 13 percent. ""What's happened here is one of the most damaging things that has happened to consumers during the energy crisis,"" Angelides said yesterday. He urged the PUC to reverse its decision, setting the date back to July 1. But Lorretta Lynch, president of the PUC, said the delay was at the request of the administration and the Legislature. She also objected to Angelides' numbers, saying that the PUC estimates the direct access load at 8 percent. The commission is awaiting a legal opinion about whether it can make its decision retroactive to July 1, and action will be taken at the next PUC meeting, she said." dasovich-j,FYI. Left him a message. Will report back when we hook up. dasovich-j,Thanks very much? Does that mean that the Hansen contract would be sold as a stand-alone asset? dasovich-j,"FYI. In its letter to the Commission, Edison estimates that, as of 09.20.01, 13-16% of its load will be DA." dasovich-j,"This is the last straw: Peace just called to thank us for resolving the contempt issue. He then went on ad nauseum--and I mean nauseum--about just about everything in the world. Unreal. I told him that in exchange, we expected him to get rid of Bill Lockyear. Richard: He complained a little about Kirby. I told him Kirby was worth his weight in gold." dasovich-j,Not sure. Am checking around. Will let you know when I find out. dasovich-j,"Nancy: Here is the final. Couple things. The short answers are in the word document. The long answers are in two separate excel files. I used the spreadsheet that you gave us to do the last long answer (the Fannie Mae question). You can find the answer in a tab titled ""Long Answer--Question IIb"" and it's highlighted by yellow background. The data for the problem is in the ""data"" tab. Thanks again for a fantastic course and hope to run into you in the near future." dasovich-j,no. body to body. dasovich-j,great. see you at 4:30 today. dasovich-j,"If it's possible to talk around 3 pm California time for about 10-15 minutes, that would be great. Would need to get Jim and Rick on the call, too. Don't break your back, but would be very good if we could arrange it. Just let me know. Thanks a million." dasovich-j,Thanks very much. Please thank Mark. dasovich-j,"FYI. Latest info is that large customers, some QF cogens, independent storage companies, and perhaps PG&E, will be filing separate comments supporting the Bilas decision to adopt the settlement." dasovich-j,FYI. Figured you'd want to write a letter personally. dasovich-j,We have any contract in the cross (short?) hairs? dasovich-j,"Hi Cynthia: I'm not sure if I'm going about this correctly, but Joseph's out today, so I thought I'd give it a shot. I need to rent a car tomorrow Tuesday, Oct. 30 (pick up at 7:30 AM and return it on Wed. Oct. 31 at 7:30 AM (want to rent from the Hertz outlet on Mason Street in SF, which is where I always rent). Is this something that you folks generally arrange, or do I just do it? Is there a corporate account # I'll need if I do it? Really appreciate your help." dasovich-j,"On a more serious note (notes). Sue's out sick today (caught something in Houston, it seems). And seriously, I hope the meeting went well." dasovich-j,Sounds like a good outcome. Thanks. dasovich-j,"Greetings: Thanks for talking the other day. Quick question. Are the minimum flows at Blythe set in the BCAP? Presumably, SoCal's 100% at risk for the flows/dollars once they're set? Or is there some proportionate sharing? And what's the sharing, if any on the upside? If I'm missing something, or don't have this right, let me know." dasovich-j,Severin: Good talking to you. Thanks for taking time out to have lunch with Federico. I'll be accompanying him. See you at around 11:45 on Friday. I'll forward to you shortly some brief information that Federico put together about himself in advance of his trip to the US. dasovich-j,Thanks so much. That sounds great. What day of week is the 7th? dasovich-j,Great minds think alike. That is EXACTLY the opening line that Wanda and Michael and I came up with on a brief call this morning. Will do. dasovich-j,"Yes. And she handed out last time's mid-term. It was take home at that time, though. It's open book; we have the whole time, but she said it should take about 90 minutes (which means that it will take me the whole time). You want me to fax it to you? Check the website first. It may be posted there." dasovich-j,I have a 3. I'll call at 4. dasovich-j,It was good to see you. No thanks needed. I'm pretty sure that I can get you the info on the plants--it's in the contracts and I'm fairly certain that we have that analysis. How'd the meeting with PG&E go? You get back to Houston OK? dasovich-j,FYI. Some interesting tid-bits from CMTA. dasovich-j,"you're b-day. if you guys would like to go there, that's just peachy with us. really." dasovich-j,"Hi Glen: Good call this AM. Mike Day is in fact writing some comments on behalf of Wild Goose and there may be some interest from other folks to sign on and file jointly. However, Mike won't have something to look at before COB tomorrow, and it's unclear at this point how many folks might sign on. So I think it's prudent to continue drafting TW's comments. As soon as I get something from Mike Day, I'll forward to you so you folks can review." dasovich-j,"Oops. Yeah, Aleck. Too bad. Talked to Sue. She's fine with it. Will call Pat shortly." dasovich-j,FYI. Looks like many are exploring. Probably value in staying coordinate internally. I'll give Alan a call. dasovich-j,"I said on this AM's call that today is the deadline for Davis to sign or veto bills. That was not entirely correct. That deadline applies only to so-called ""regular session"" bills. The bill in question (SB18XX--Burton) was passed as part of the Legislature's ""emergency,"" or ""special,"" session. Apparently, ""emergency session"" bills do not fall under the October 15th deadline. Davis has nonetheless said he intends to veto the bill, though the pressure to renegotiate the contracts is increasing from all sides. We'll report back on signing deadlines for bills passed on as part of the ""emergency"" session. Bottom line: Today's deadline for regular session bills does not apply to SB18xx, or to other emergency session bills." dasovich-j,"Called Fielder to confirm and he said that he needed to cancel. As you know, the Legislature closed without doing anything with Edison's bailout legislation. The Governor has said that the will order them back into session in two weeks. That has Fielder and everyone else at Edison scrambling to continue their attempts to stay out of bankruptcy, which means that Fielder won't be focused, and can't focus on, anything else for the next couple of weeks. Let's regroup. Dave, perhaps we should just go ahead and start with PG&E. Thoughts?" dasovich-j,"Mike Day and I talked. Mike agreed that there's ""elbow room"" in PUC regulations that would allow PG&E to do the financial swap we talked about late yesterday without having to get regulatory approval. However, Mike also agreed that there's some risk (moderate to low in our view) that the PUC could try to ding the utility--for whatever reason--next time it goes under review as part of its general rate case. In the end, PG&E will have to decide whether doing the financial with us is--in PG&E's view--overly aggressive or not from a regulatory perspective. In short, doesn't seem to be any real downside in raising it and seeing how PG&E responds. If this doesn't answer the question sufficiently, let me know." dasovich-j,"I'm around. Could you forward me the ""matrix."" (sounds so ""classified."" I love it.)" dasovich-j,I THINK this is where I'll be this week. San Francisco: Mon-Thur Friday: Palm Springs at the conference I'm speaking at with dasovich-j,"Greetings Severin: No, I'm not writing inquiring about employment as a research analyst (despite Enron's woes, which I'm sure you've been reading about). However, my fiancee, Prentice Sellers, who got her MBA from Haas last May, is actively looking for work at an interesting place. I wanted to let you know that she has applied for a position at the consulting firm that you're affiliated with. Forgive the less-than-objective plug, but she's extremely bright and talented and did very well at Haas. Prior to attending Haas, she worked at LECG, where she was highly praised for her work and consistently got rave reviews. She'd be a valuable asset to the firm and is worth giving a serious look. Thanks for reading this paid advertisment. On another note, I thought the Hoover conference was extremely good. You and Sweeney did a great job. What was your impression? I've noticed that it got some decent press." dasovich-j,Yes. September 20. dasovich-j,"See list of folks below. I'll forward you another email with the name of Jeremy's asst., with whom you'll need to coordinate to get a call set up for later today. Thanks very much for your help. From our side, please include Sue and Rick and me." dasovich-j,"Yank, yank, yank. Loretta's tubing Davis as we write. Chill, dude." dasovich-j,"I'm not sure, but I have a sneaking suspicion that all you folks are finished this semester. Just wanted to say congratulations. I'm finished with this semester after today, but have one--that's one--class to take next semester to finish. Also, though I can't make the ski trip this weekend, I definitely plan on skiing a lot this winter (maybe I'll see you at Squaw Deepikah), so let's stay in touch on the ski front. Happy Holidays to all. And if anyone has any questions on creative off-balance sheet financing or or the ins-and-outs of bankruptcy, please feel free to get in touch." dasovich-j,"I'm real sorry to bug you with this, but you and I will need to do some research so that I can make sure that I'm reporting properly. Please stop by when you get a minute. Thanks very much." dasovich-j,"Dorothy, if you can get it to the DA Coalition that would be great. I'm also sending to Delainey to distribute to the other biz folks." dasovich-j,FYI. Long piece criticizing the Forbes' article criticizing Enron. Not bad. dasovich-j,"This won't work. Try again, please. KIDDING! Looks great. Thanks. I'll forward along to Greg and Brad and get back to you soon as I know something. Toodles," dasovich-j,Thanks very much. I knew he'd call you back..... dasovich-j,"Yes, would like a copy. Thanks." dasovich-j,FYI. Thank you both very much for your help on this. dasovich-j,"thanks. it's on its way. i'll give you a call, or give me a call when you've had a chance to look at it. i'll include steve swain on the fax." dasovich-j,"In terms of our proposal, went over it with Wanda and Michael last week, and they, I believe, ran it by Swain. The real issue is what (if anything) we do about Edison's desire to lock down undercollection and DWR stranded costs as part of the deal (which they likely view as a pretty good hedge, since it's looking less than 50-50 that the Legislature isn't going to pull it off)." dasovich-j,"Thank god. I have a commrade in email humilation. Thank you, Joseph." dasovich-j,yes. send through. dasovich-j,Thanks. you do the same. dasovich-j,Thanks and see you soon. Could you leave your phone number on my work voice mail. 415.782.7822? dasovich-j,"Apologies for missing the call yesterday. As I'm sure you're aware, yesterday the PUC voted to suspend electric direct acces in California. As a result, it was an extremely hectic day. I do intend to make the weekly calls." dasovich-j,Thanks Robert. Sounds good. FYI. Prentice and I are getting Haley the portable CD player. dasovich-j,Talked to someone at the PUC (and I'll be talking to additional folks over there). Question: Do we know what volumes through Blythe have been? One thing that might be happening is that SoCal's restricting flows at Topock in order to ensure minimum volumes through Blythe. dasovich-j,"How in the world did you get Brown to vote for the NGS?! Very impressive. Also, couldn't believe it when I saw Frank Lindh in the news. My heart goes out to him." dasovich-j,"I'm going to work the rest of the day from home--I will be working, though (it's just not easy to work from the office today, as you can imagine). You can reach me by email and cell phone 415.505.6633. Hang in there buddy." dasovich-j,FYI. Update on windfall profits bills. dasovich-j,"Under the circumstances, I am leaning toward cancelling (I was originally only going to participate on Monday anyway, and Sue hadn't planned on attending. Neither Rick nor Jim can attend.) If there's a compelling reason that you think I should attend, let me know. Otherwise I'll let Bev know that we'll take a rain check on this one." dasovich-j,Mike: 1) Attached is the CSFS report on the reorg and some recent press. 2) Learning to let go is good thing. dasovich-j,"Prentice is working at google and i'm not sure that she gets email. try calling her on her cell phone. I bet she'd likely like to go to the 49ers game (though who knows, she's a BIG raiders fan now that jerry's there)." dasovich-j,No problem. Thanks for re-forwarding. dasovich-j,Thanks very much. FYI. Steffes is coming to Sacramento tomorrow. I'll be bringing him back to SF in the PM and he'll be in the office on Thursday and at least part of Friday. dasovich-j,DWR can meet with us on October 22nd. This work for you folks? dasovich-j,"It's hardball time. I'd be careful going up against UC/CSU, though." dasovich-j,"Retroactivity (July 1) No contract renewal No incremental ""DASR'ing"", i.e., adding/subtracting load on the margin (fast food chains, for example) Cost allocation risk (e.g., IOU undercollection, bonds, DWR undercollection gets distributed to DA customers) Before providing elaborate descriptions, wanted to try to get a complete list of the key risk areas. Please add to/subtract from this list, and then I'll take a shot at fleshing it out." dasovich-j,"Mike: Does that legislation that passed a couple of years ago(?) that gives the Governor the power to appoint the PUC president also give the Senate advise and consent rights on the appointment of the president? I don't recall that it gave the Senate advise and consent rights, but sure would be interesting if it does. Thanks." dasovich-j,"Greetings. Long time, no talk. Just wanted to check in, say hello. Hope, given these wild times, that all is well with you and yours." dasovich-j,"Let's try this. It's all inter-related. PG&E, the prehearing conference and our workout with Edison. Can we have one call that you includes all who need to be involved? (I'm thinking, Steffes, you, Tribolet, me. Mellencamp, Wanda, Sue). That make sense? Let me know. Easiest thing would likely be to set up a call-in number (I'm mobile today). Thanks alot." dasovich-j,"Just talked to the PUC. Seems that EES is up-to-date on its registration and it's only EEMC that's not current. Wade will get the 1K to Jeanne Bennett, who's filled out the requisite one-pager and will send check and paperwork to where it needs to get. HOWEVER, the PUC person notified us that they previously received notice from the issuer of EEMC's security bond that EEMC's security has been canceled. She said that we have until day-after-Xmas to get current on the bond. She could not reveal who the issuer is and I don't have that info. Presumably someone in EES received notice that the issuer was canceling EEMC's security bond? We need to get info on that. We should therefore also double check that the the issuer of the EES security bond hasn't also canceled. Let me know if you have any questions, and let me know what we find out about the bond, or if there's anything I can do to assist." dasovich-j,Hap: I've been in a panic. I will review shortly and get back to you just as soon as I can. dasovich-j,"Really appreciate it. I'll be up there this weekend. If you, or one of your guys, want to drop by, I think that we could pencil it out in about 30 minutes. Let me know if that works for you. And thanks again. Really appreciate it." dasovich-j,Talked to Edison about getting a meeting with Craver. They're going to get back to me. dasovich-j,"FYI. Big customers were hesitant to sign on to the ARM filing, but they were cajoled into filing on their own. They seem to hit the mark pretty well." dasovich-j,"As things change, so do call schedules. We conferred and have recommend that: There will not be a call this week. Beginning next week, the call will take place once per week, on Wednesdays, at the same time (11:30 AM PDT), same call-in number (we hope). Until the next legislative session starts up, the call will be optional for the gang in Sacramento. If you have any alternative suggestions, questions, and/or comments, please let me know. And please forward to others who need/would like to know." dasovich-j,"I apologize. I thought I'd put you on my ""big"" distribution list. When and if I do any updates to smaller groups. I'll put you on those, too. Look forward to meeting and discussing next time I'm in Houston." dasovich-j,"The person's name at Calpine is Jim Macias (he's a vice president there). His number 408.995.5115. Thanks again, Marchris. How'd the conversation go? If there's anything that I can do to help, don't hesitate." dasovich-j,I'm reporting this obvious attempt at collusion and pool-fixing to the commissioner! Figures that the Commissioner's wife is in on it. (Isn't that always the way it dasovich-j,Here they are. Please let me know that you've received them. Joseph: good luck including duration to the correct spreadsheet! And thanks for sending them along to Nancy. Let's talk and figure out a time to get together. dasovich-j,"Please consider this my response to your request to forward my schedule for next week. mon.-s.f. tues.-sacramento wed.-sacramento? thurs-sacramento? fril-sacramento? Your welcome in advance. annoyingly yours, jeff thanks for the travel package." dasovich-j,"Greetings: Hope everyone had a pleasant 4th. I've read the respective Burton and Hertzberg language on amending AB 1X. The Burton language looks cleaner and simpler, though there may be reasons to include some of the Hertzberg language, too. I'm proposing to the group the following as potential amendments to the bond bill. I would appreciate your feedback. The amendments would be as follows: Customers who were on Direct Access when DWR started buying power (Jan. 17th?), and are still on Direct Access when the bill passes, should be exempt from paying for the bonds. In short, customers should not be forced to pay for power twice--once from their ESP, and once from DWR. Since these customers receive power services from their ESP, they never consumed DWR power in the first place and it wouldn't be fair to require them to pay for it. Customers who have been utility customers since DWR started buying power but subsequently switched to Direct Access should only pay for power provided by DWR that they actually consumed, no more and no less. For example, if a customer was a utility customer when DWR started buying power but switched to Direct Access on May 1st, then the customer would only be responsible for reimbursing DWR for power deliveries that took place from Jan. 17th thru April 30th. I believe that we agreed on these concepts during the negotiations that took place over the past 4-5 weeks. Or if we didn't explicitly agree during the talks, they seem to be principles on which we ought to be able to agree pretty easily now. And rather than leave the issue hanging, which can create unnecessary and costly uncertainty for customers, I suggest that we include very clear and simple legislative language in the bond bill clarifying what customers' obligations are. Your thoughts are appreciated. In addition, we have talked quite a bit about providing customers with incentives in the attempt to get California out of the energy hole that it finds itself in. Providing (20KW and above) customers with an incentive to switch to Direct Access as soon as possible could 1) reduce the net short position that the state (and ultimately consumers) have to finance, thereby reducing spot purchases and price volatility, 2) reduce electricity purchasing costs, and 3) reduce the burden on the state budget. With this in mind, I'm also proposing that the group consider an amendment to the bond bill that would exempt from bond charges any customer that switches to Direct Access by September 1st. Finally, it seems odd that the language directing the PUC to suspend Direct Access is still in the bill. If a dedicated rate component is created, that seems to eliminate altogether the need to suspend Direct Access. And if that's the case, would it make sense to delete that language from the bill? Look forward to your comments and working with you to get support for and passage of the ""core/noncore"" proposal." dasovich-j,"FYI: On the call today with Jeremy Blachman & Co. today, we decided to the do the following: Sue will make sure that EES legal (Mike Smith) reviews ARMs petition to modify the Commission's order suspending DA. Sue will send Jeremy a one-page summary of the petition and Jeremy will use it to solicit participation from Enron customers (i.e., see if any are willing to sign the petition). Jeff will work with Karen Denne to start drafting a couple of one-page letters that customers would sign and send to Legislators in the event Davis is successful in calling them back in October to work on energy matters. Let us know if you have any questions." dasovich-j,Thanks. See you at 10. dasovich-j,"Name: Federico Surname: Boschi Born in Bolgna on 29 December 1963 Address: Via D'Azeglio n. 63 Bologna Italy Zip code: 40124 Italy Tel: +39051581275 Mobile: +393356645158 Study: Graduated in economics on 1995, Bologna University; Thesis in Industrial Economics on: liberalization of the Italian electricity industry. Languages: Italian mother language English Good Spain sufficient Business experience (Most relevant); July 2001 as of today Company: Acquirente Unico ( a electricity purchasing agency for the whiole Italian captive market) Position: Purchase and sales manager; moreover I'm responsible for setting up the risk management office July 2000 up to June 2001 Institution: Autorita' per l'energia elettrice ed il gas (the Italian energy regulator) Position: officer in the electricity area; Main tasks: a) stranded costs recovery mechanism; b) scarce import capacity allocation criteria c)wholesale market rules (code of dispatching regulation including ancillary services market - including the balancing market - and congestion management mechanism). March 2000 up to June 2000 Institution: Ministero dell'Industria Position: member of the Minister's technical secretary (advising the Minister on energy issues) March 1997 up to June 2000 Company: AMI Imola (a water, gas, electricity and waste disposal municipal utility); Position: Responsible for strategic planning; I also wrote articles on electricity regulation (tariffs, wheeling..) in Italy. Expectations: As I'm responsible for setting up the trading desk and the risk management office of Acquirente Unico (that is itself a newly constituted company) I would like to improve my knolegde on these issues (resources and skills needed and so on); I would like to understand what could be outsourced and what kind of incentives it requires. I'm so sorry, That's the best I can do as I'm still on holiday Bye Federico __________________________________________________________________ Abbonati a Tiscali! Con VoceViva puoi anche ascoltare ed inviare email al telefono. Chiama VoceViva all' 892 800" dasovich-j,"Quck question: w.r.t. to the stipulation with Edison. 1) Do we care that D. Douglas will know what our claim (or proposed settlement amount is), i.e., do we prefer that Dan sign a confidentiality agreement? 2) When we file the stipulation at the Commission, do we care that the universe will see the number, i.e., do we prefer to file any such stipulation under seal at the Commission? Not sure if this matters whatsoever. But it might. Who's the person that needs to answer these questions?" dasovich-j,"Hi Jane: I'd planned to attend SoCal's meeting on Thursday, but it now appears I may have a conflict. Do you plan on attending? If so, could you gather up an additional set of anything they hand out for me? Given the controversy around SoCal's ""windows,"" it will be interesting to see how this works out." dasovich-j,PLZ CALL. DIDN'T GET WHETHER RENEWAL IS COVERED OR NOT. JEFF 415.505.6633. dasovich-j,"Alternative SDG&E debt plan to get hearings Approval of the governor's plan for paying the $747 million debt SDG&E says it is owed by its customers appeared less certain yesterday, as the president of the state utilities commission said she planned to hold public hearings for an alternative proposal. Loretta Lynch, president of the California Public Utilities Commission, said in a local radio interview that regulators will hold hearings in San Diego regarding a plan from consumer groups that purports to save customers about $185 million more than the governor's proposal. The groups said the earlier plan negotiated between the governor and the utility would be costly for consumers and a windfall for San Diego Gas & Electric. At stake is how much SDG&E contributes and how much customers pay toward the debt, which accumulated in a so-called balancing account when SDG&E paid more for electricity than it was able to collect from customers during the power crisis. Despite the plan for hearings, Lynch told KPBS-FM radio that the commission would make a final decision about how to resolve the controversial $747 million debt by November. The governor and SDG&E announced their plan in June, saying it required the utility to contribute $319 million toward the debt and eliminated the balancing account without lengthy litigation or raising rates. Consumer groups, led by the San Diego-based Utility Consumers' Action Network, say the governor's plan does not go far enough, particularly because SDG&E earned an estimated $400 million in profits from the sale of electricity during the power crisis. Under the governor's plan, those profits are awarded to the company's shareholders, though SDG&E would use $219 million from the profits as part of its $319 million contribution toward the debt. Under the consumer groups' plan, SDG&E would be allowed to keep some of the profits, but it would contribute $72 million more than it would under the governor's plan. The alternative plan also would require the utility to make other monetary concessions. In a formal decision earlier this year, the California utilities commission said SDG&E's profits do belong to customers. SDG&E has sued to overturn the decision in court, but it has put the litigation on hold pending the utilities commission's resolution of the plan to pay the debt. Michael Shames, executive director of UCAN, said yesterday that he was encouraged by Lynch's call for hearings on the consumer plan. ""There is $400 million at stake here,"" Shames said. SDG&E said yesterday that it had not received formal notification about the hearings, nor had it yet seen the alternative plan for paying the debt. A spokesman for the utility, however, repeated earlier comments that the company saw the alternative plan as an attempt to derail the PUC's process of considering the governor's plan. Lynch also said yesterday that the utilities commission would continue to challenge the more than $40 billion in long-term electricity contracts signed by the state during the crisis. Lynch said the agreements bind the state to overpriced power and are in violation of federal law requiring electricity rates to be ""just and reasonable."" The utilities commission president said the contracts may be even more expensive than earlier thought because at least some of the power they bind California to purchase is not needed. The extra costs would damage businesses and family budgets, she said. ""If you have to pay three to four times more for energy, you don't have the money to grow your business or meet other needs of your family,"" Lynch said. She also defended action by the commission last week that effectively delayed the sale of $12.5 billion in state bonds needed to pay power costs. Lynch said the commission supported a legislative proposal for floating the bonds, which would separate them Sfrom the long-term power contracts." dasovich-j,on phone with DWR trying to get a meeting for Tycholiz. will get on phone pronto. dasovich-j,"Tribolet sez he doesn't know anything about the Lay/Edison call, but he said Wanda mentioned something about it. You may want to check in with her. I'm still waiting to hear from Calger." dasovich-j,"FYI. Here's a note I sent to the large customers. Have spoken with them since. They are going to write a nasty letter in response to Angelides. Also, it does not appear that the PUC can act at this meeting on the retroactivity issue--appears that due process/notice requirements prevents it. We're double checking to make sure." dasovich-j,"Thanks to all of you for your help with this. Made my participation practically effortless, and more important, alot of fun. Great job." dasovich-j,Dave and I are supposed to be in a meeting in Sacramento with John White at 1 PM in Sacramento. So the timing may be tight. Perhaps we could do 4 PM? dasovich-j,"Sue will take the lead on the ARM filing. Let's discuss further the idea of a separate Enron filing--pros and cons to each. Sue and Jeanne Bennett discussed and thought coalition filings would be preferable, but let's talk about it." dasovich-j,"check's in the mail. i made it an even $150. Let me know if that works. Scala's the Eye-talian place that's kitty-korner from Willow, right? Coming soon, this hip chef (and part owner of the Willow) is opening up a competing place right across the street from Willow. Should be interesting. We gotta dive again before the season's out. (If I can find the freakin' licenses. I'll start looking in earnest.) Yeah, we gotta finish the job. You take out the WTC, you gotta pay." dasovich-j,"? We met with Edison yesterday in the attempt to settle our negative CTC claim. ? Edison continues to take a very hard-line, extreme position. This is it in a nutshell: 1. all customers--bundled and DA alike--""contributed to Edison's undercollection"" and all customers must pay it down; 2. bundled customers contributed through frozen rates and DA customers contributed through the negative CTC; 3. Edison says it will pay ESPs past due amounts related to the negative CTC, but it intends to then turn around and assess a charge on all customer bills--DA and bundled alike--to recover its undercollection. 4. Edison intends to collect it over approximately 2 years. Edison estimates that the charge to DA customers over this period would be about $25-27/MWH. 5. Under Edison's plan, Enron would likely end up paying Edison, i.e., the present value of the ""undercollection"" charge would exceed the present value of the lump sum negative CTC payment. ? Obviously, with respect to any settlement with Edison, we're extremely far apart and we're therefore considering other options. ? In the meantime, the California PUC is engaged in DA and PX credit-related activities beginning next week and Edison will try to get the Commission to adopt their proposal. ? We are working with other market participants and gearing up to vigorously oppose Edison's proposal at the PUC. ? We will distribute something on Monday describing our approach and tactics at the PUC for folks to review and comment on. ? We are scheduled to meet with Edison again next Thursday to try to knock some sense into them (the probability of which is low). If you have any questions, let us know." dasovich-j,"You got it. You're right, distribution lists are a challenge. I'll make sure that you and these folks get on the list. Hope all finds you well." dasovich-j,"Wanda: I faxed the examples that Edison faxed us and that you and Michael and I talked about some time back. I'm sure that's how Edison would calculate it. Does it make sense to run the numbers and see what our ""contribution"" to Edison's undercollection would be under Edison's view? If you need another copy, let me know. Question: I don't know what our book looks like on this issue, but if we were to take the ""netting"" through a reduction in the PX credit going forward, how much of a hit would that be, particularly if we were to get the $120 MM up front?" dasovich-j,"Greetings: Just checking in. What's up? Hope all is OK, or at least as OK as it can be." dasovich-j,"Dan Walters: Davis vs. Lynch -- or is the feud a charade to shield the governor? When Gov. Gray Davis named political operative Loretta Lynch to the state Public Utilities Commission -- and insisted that she become the PUC's president as well -- it was in keeping with Davis' long-established mode of personally controlling major political levers. All of that occurred, however, before California was plunged into the ""energy crisis,"" an infuriatingly complex amalgam of politics, economics, power supply and distribution, and such uncontrollable factors as the weather. When the first strains were felt 1 1/2 years ago, Davis and Lynch reacted, as one might expect, in tandem and, as later experience proved, poorly. They refused, in effect, to intercede with some steps -- such as long-term, low-price supply contracts and perhaps small rate increases -- that would have prevented the situation from deteriorating into a crisis. Last January, when the financial plight of the privately owned utilities brought the threat of major power blackouts, Davis and Lynch were forced to act. But within a couple of months, the previously inseparable partners began cleaving apart, at least publicly. At Lynch's behest, the PUC enacted a stiff rate increase while Davis claimed that she and the PUC had acted on their own, without his knowledge. It was widely seen at the time as a ploy, one that would bring about a rate boost that every authority knew was necessary, without forcing Davis to publicly change position. Since then, the two have continued to act in seemingly divergent ways. The PUC stepped into the political stalemate over Southern California Edison, for example, working up a secret deal that apparently will protect the utility from bankruptcy without having to win legislative approval. And the PUC has opposed the authority sought by the Davis administration to finance bonds that would pay for past and future state power purchases. Administration officials are publicly critical of Lynch and the PUC and circulate stories that Davis considers her to be an impediment. One version had Davis dumping her as president of the PUC in favor of a friendlier member. And PUC officials insist that Lynch is just acting to preserve the historic independence of the agency, first created nearly a century ago as a bulwark against the out-of-control Southern Pacific railroad. A lengthy article in Monday's Los Angeles Times traced the history of the Davis-Lynch relationship and, in effect, endorsed the conventional wisdom that the two erstwhile political allies had grown apart under the strain of the energy crisis. That may be true, but the intensity with which that interpretation of events is being peddled makes one suspicious that it's just another ploy aimed at protecting the governor's backside from the fallout of his less-than-deft handling of the energy situation. Polls indicate that it's the primary reason why his public approval rating has dropped dramatically this year, thus making his re-election next year less than certain. By doing the deal on Edison -- supposedly without Davis' knowledge -- Lynch saved the governor from a huge embarrassment. He had gone to the mat for the utility but was rebuffed by a Legislature dominated by his own party. He had called a special legislative session on Edison but had been told that he would lose again. Holding up approval of the administration's bond-power contract scheme is often cited as the most powerful evidence of a schism between Davis and Lynch, but she may be doing the governor a big favor in that arena as well. The contracts signed by the administration are much too expensive and, if implemented, will cost ratepayers billions of extra dollars over the next decade. Davis needs to dump them, but if he acts directly, he'll have to admit that he made a mistake. If the PUC continues to hold up the necessary authority, he can use that as a lever to force suppliers into whittling down prices, or even abandoning the contracts altogether -- without having to take responsibility for reneging. Maybe Davis and Lynch are feuding, but it could all just be a charade to fool the public and protect the governor." dasovich-j,"Wow, based on the share price, it appears they're having significant difficulty finding additional sources of funds. Ain't getting any prettier." dasovich-j,This work for you? Lemme know. dasovich-j,"SCE's problem is that no one except Davis and Edison are for the bailout. With respect to DA, only Burton's in the way. So Davis and Edison have the world against; and DA only has Burton against it. I'm at loss to determine which is worse off, which speaks to the craziness of the state of things." dasovich-j,"The Assembly will attempt to pass its version of the Edison MOU (SB 78) out of the Appropriations Committee today. If and when that occurs, the Assembly will also attempt to get the bill passed out of the full Assembly today. It will be a very long putt to get both accomplished today. If and when the Assembly gets the bill out of the Assembly today, the bill will move over to the Senate, where the chances of passage are even more remote. That said, Davis is making a full court press to get the bill passed out of both houses for his signature. Will report back with the events of the Assembly. Don't hesitate to call if you have any questions (415.782.7822)." dasovich-j,"No, I don't think so. Haley and Wil's vocabularies may expanded a bit, though. Thanks again for having them. Very kind of you." dasovich-j,FYI. We can discuss further on Monday. You may see something in the press about it. dasovich-j,"The best I've ever had in my whole entire life, anywhere in the world. Seriously, I think the guests--including me--thought that it was fabulous. I know Prentice finished hers, so I assume she liked it. Cameron......well, you'll have to ask her. The mango chutney combined with the curry was, like, death raging, man." dasovich-j,"FYI. Unless I hear from you, I'm telling Hap that it's fine." dasovich-j,"Davis devises new borrowing plan His executive order could speed up $12.5 billion in bond sales and bypass PUC oversight of repayment mechanism. SACRAMENTO -- Gov. Gray Davis is crafting a new plan to expedite the long-delayed borrowing of $12.5 billion to repay the sagging California state budget for emergency electricity it bought during the energy crisis. The plan -- which could be contained in an executive order as early as next week -- would minimize the role of the state's top power regulator, the Public Utilities Commission, which enraged Davis last week when it declined to sign off on his original plan. With enough power now under contract to avert blackouts and plans in place for the recovery of the two state's largest utilities, the repayment to the state treasury would resolve one of the last remaining issues of the energy crisis. ""That is one scenario,"" Davis spokeswoman Hilary McLean said Wednesday when asked about the proposal. ""There are a number of different scenarios being considered. Nothing has jelled yet that is ready to be publicly announced."" Most involved in the debate have long agreed that the state should sell $12.5 billion in revenue bonds, most of which, about $9.6 billion, would go back into the state treasury. The issue was how to lock in a mechanism by which the bonds would be repaid - a critical step before they could be marketed to investors. Davis wanted the PUC to approve a plan that would repay the bonds and cover the state's energy costs through the revenues collected from ratepayers. But the PUC said the administration's proposal might prove inadequate over time, leading to future rate hikes. The PUC also said the administration's plan gave too much authority to the Davis-controlled Department of Water Resources, by allowing the department to raise electricity rates to get more revenue. The PUC, which is set up to be an independent board with the sole responsibility for setting utility rates, did not want to cede that authority. It rejected the Davis plan Oct. 2 on a 4-1 vote, led by its president, Davis appointee Loretta Lynch. Davis earlier said the commission's approval was necessary to reassure investors and get the bonds to market. The plan now under review, however, would bypass that. The DWR would not directly set rates, but under the Davis plan it would be charged with identifying how the money coming in from customers' utility bills over the next 20 years would be allocated - in effect, guaranteeing that paying back the bonds would have equal priority with paying back the suppliers of the energy. Proponents of the plan believe that would satisfy Wall Street. The administration believes it would require no additional rate hikes. Lynch said Wednesday that she had not been involved in the latest negotiations, but questioned whether Davis had the authority to issue an executive order allowing the DWR to get involved in setting rates. ""I've been told for six months that the PUC was needed to pass a rate agreement. If the DWR can get the bonds sold by themselves, then great,"" Lynch said. ""But to dedicate rates, it takes a financing order from the PUC or a statutory change in law, a statutory set-aside. It takes one of those two things."" The governor is likely to announce the plan sometime following his expected veto of the bill that lays out the Legislature's version of the payback plan. By law, the governor has until Sunday to act on SB18xx, by Senate Leader John Burton, D-San Francisco. Davis opposes Burton's bill because it gives bond buyers priority in getting paid, followed by the energy suppliers. The power companies' contracts contain provisions giving them payment priority, which Davis believes could throw the contracts into legal dispute. If Davis signs the order soon, the bonds could go to market early next year. Having the proceeds in the state treasury by then is considered by some critical with the state facing a projected $4 billion to $6 billion shortfall in other income." dasovich-j,"The commission suspended Direct Access effective September 20th. The decision orders the utilities to stop accepting DASRs for contracts executed after 9.20.01. But astonishingly, the language in the proposed decision states that the Commission will take more time to consider whether the effective date should be pushed back to July 1. In short, that battle continues. How the Commission will proceed in continuing to consider retroactivity is uncertain at this time. The Commission held over until its next meeting the decision regarding the rate agreement between DWR and the PUC." dasovich-j,"Thanks so much for the call back. Here it is. It's got temperature and %RH from end of May to early November. Couple of things. I tried to keep and save heat days (cumulative) on the graph, but for some reason, it won't stick. I'm assuming that you know how to add just about anything you want to the graph. If not, let me know. Also, the data should be cut off for about a week at both the front end and the back end (to account for the time that it was in my apartment prior to setting in up on the property, and before I was able to download it in November). Once you get a chance to look at, give a call and let me know what you think. If the temperature range looks like it's around the ballpark for vines, I'll want to get Terry Rosetti up to do some soil testing, but wanted to get your take on the temperature, etc. first. Really appreciate all your help. My number is 415.782.7822." dasovich-j,when you intend to make counter to PG&E? 10Q out yet? dasovich-j,"State's Electric Bill Gets Lighter Energy: Davis and the PUC clash over why only a fraction of the 20% reduction will be passed on to consumers. By MIGUEL BUSTILLO Times Staff Writer October 20 2001 SACRAMENTO -- California now expects its electricity bill to be 20% less than estimated as recently as two months ago, opening the door for utility rate reductions or a smaller energy bond sale, the Davis administration said Friday. Even so, the amount of savings passed on to consumers is likely to be closer to 5%, the administration added. The discrepancy and its explanation are an extension of the ongoing political squabble between Gov. Gray Davis and Public Utilities Commission President Loretta Lynch. Administration officials said residential customers won't see much relief because recent actions by the PUC have negated most of the gains from lower power prices and greater conservation. Specifically, officials said, the PUC erred in giving business customers too much time to opt out of the state's power-buying system, and in holding up a bond sale to repay expensive energy loans. Lynch disagrees on both points. The real problem, she said again Friday, is that California purchased too much power at too high a price during the energy crisis. The best way to save consumers money, she suggested, is to renegotiate the state's energy contracts. California has been purchasing massive quantities of power since January because the state's large private utilities could no longer do so, and mass blackouts threatened to cripple the state's economy and endanger the public. The utilities, Pacific Gas & Electric, San Diego Gas & Electric and Southern California Edison, ran up billions of dollars in debts because they were forced to buy power for far more than they could legally charge customers. In August, state officials estimated the department's power costs for 2001 and 2002, the time the state plans to be in the power business, at $21.45 billion. The new estimate, released Friday, pares that figure to $17.2 billion. But in what consumer groups angrily called a ""jailbreak,"" Davis administration officials disclosed for the first time Friday that large businesses fled the state's power-buying system en masse this summer, opting to cut their own deals with energy companies rather than shoulder their share of the state's power costs. Big Businesses Bail Out, Leave Tab to Consumers The PUC announced in June that it was putting a lid on the so-called direct-access deals because if the businesses left the system, homeowners and other small ratepayers would have to pay a larger share of the costs the state incurred buying power to avert blackouts in the energy crisis. However, the commission did not act until last month, and in the meantime numerous businesses opted out of the state system. Direct-access participation jumped from 2% to 13% of the overall power load being purchased by the California Department of Water Resources, according to the administration's latest numbers. ""Unfortunately, all of the savings generated by the improving market conditions will not be immediately passed on to ratepayers,"" said Pete Garris, who oversees the department's power-buying division. ""Put simply, the PUC's delay in suspending direct access means [the state's] costs will have to be recovered from fewer customers and the impact will be greatest on smaller, retail customers."" State Treasurer Phil Angelides, who requested that the PUC suspend direct access earlier in the summer, blasted the commission Friday, saying the ""stampede"" of businesses would shift as much as $8 billion in costs to consumers over the next decade, as they pay for the long-term contracts the state signed this year to ensure a stable source of electricity. ""What's happened here is one of the most damaging things that's happened to consumers in this energy crisis,"" Angelides said. And consumer groups were even more critical, accusing the PUC of letting big business escape the costs of the energy crisis. ""The PUC first gave Edison their bailout,"" said Doug Heller of the Foundation for Taxpayer and Consumer Rights, referring to the legal settlement recently approved by the commission to rescue the utility. ""Now we find that big business is in effect getting bailed out of the energy crisis. These were the two groups, the big business guys and the utilities, that got us in this mess in the first place."" But Lynch, the PUC president, said the number conflicted with the commission's figures, which showed direct access participation at roughly 8% of the overall load. That, she said, was similar to the number of businesses participating in direct access at the beginning of the year, a little more than 7%, before the energy crisis erupted. It fell to a low of 2% during the crisis because some energy companies realized they could make more money on the open market and breached their deals with state businesses, she said. Lynch accused Angelides and the Davis administration of revisionist history, saying the commission postponed its decision at the administration's request. The commission then put off the decision again because the Legislature was considering its own solution to the problem, she said. The real problem, Lynch said, is that the state has too much electricity under contract at too high a price. If California had not purchased too much power, consumers would not have to pay for it, she said. ""If people are leaving the system, those are fewer people [the state] needs to serve,"" Lynch said. ""The problem, once again, is the long-term contracts. We need to renegotiate these contracts."" Also adding to the state's financial burden is the fallout from a $4.3-billion energy loan the state took out this summer that it will not be able to repay in time, driving up the loan's interest rates. The loan was supposed to be repaid by the state's planned $12.5-billion energy bond sale to replenish the billions spent from the state budget on electricity this year. But the bond deal is now in limbo, in part because the PUC has refused to take action on a rate agreement that is required for the bond sale to move forward. As a result, a series of escalating interest rates spelled out in the loan deal are being triggered, which will soon force the Department of Water Resources to make payments to the bankers from its reserve. Davis and Aides Stay Tight-Lipped on Strategy In a related development, the newly created state public power authority, headed by S. David Freeman, met Friday to consider approving millions of dollars worth of energy conservation and generation projects, but none were adopted because the authority learned it had no money to finance them. If the bond deal ever takes place, the state may be in a position to meet its financial obligations and possibly lower utility rates, which were raised this year in response to the energy crisis. The state may also have the option of floating a smaller bond, though advisors to the governor called that less likely. In another action that could reduce rates, Davis administration officials confirmed Friday that they are planning to renegotiate some of the long-term power contracts, as The Times reported Thursday. The contracts have been criticized by consumer groups and some legislators for being inflexible and expensive. But Davis advisors remained tight-lipped on the specifics, saying only that they have a strategy to convince power companies to open talks. ""I don't think it's real smart to tell you that,"" said Barry Goode, the governor's legal affairs secretary." dasovich-j,"PLEASE do not overreact, but I want you to have this information. Hang in there everyone." dasovich-j,"Apologies folks, but upon re-reading, I caught some ambiguities and inaccuracies in the first draft that I sent around. Sure that errors remain, but this version should at least be somewhat closer. Changes are in strike-out-underline." dasovich-j,Fielder's traveling today. Left him a long message on his voicemail and asked him to get back to me as soon as he gets a chance. dasovich-j,"OK, dude. Now that I'm a full-fledged slacker, please tell me how much you need us to contribute for the weekend, which I'll add on to the $65 you paid for the guitar. If I'm missing any other expenses, please let me know and tack them on. It was alot of fun. Thanks so much for inviting us." dasovich-j,"The pleasure was all mine. You did a fantastic job with the presentation (both developing and presenting it). Likewise, it lifted my spirits in these challenging times to meet someone as talented (and fun!) as you. Hope our paths cross again often. Never hesitate to get in touch if there's anything I can do." dasovich-j,Thanks very much. Greatly appreciated. In response: --I'm going to stick with 7 units. Just don't have the time to take on another course. But appreciate the info and the suggestion. --I have a backup for Deals. Thanks again so much for the info. dasovich-j,Might be a good idea to check in and see if he's got what he needs. Thanks a million for the help. dasovich-j,"Well, I guess my good friend Jerry's a little to busy these days. I'm going to contact another lawyer who represents some big QFs and then loop back with Jerry." dasovich-j,"Well, that's not helpful. Won't make things any easier. Are they an ARM member? I'll let the large customer groups know." dasovich-j,"Thanks. My apologies, Melinda. I will remember. Bear with me. Lots of new names associated with California these days." dasovich-j,"ditto. got a little choked up... best," dasovich-j,"i.e., ""sign up, or else."" (I love it when you're" dasovich-j,"Burbank's the ticket. Can you get there direct? If not, let's do LAX, but Burbank is preferrable. Less of a zoo." dasovich-j,Can you forward the decision regarding Davis' contract grab that came on the call the other day? Thanks. dasovich-j,"Attached is a draft agenda for tomorrow's meeting. If there's anything we've missed, we can amend the agenda prior to starting tomorrow." dasovich-j,"Thanks. That's why I was calling. I'll continue to work to set up. Any particular time, day, etc.?" dasovich-j,please review this one. i just read the contract and there is no end date. it's open-ended and simply says that we can end at our discretion. dasovich-j,May you be forced to spend eternity with David Lazarus.... P.S. I'm taking next week off. I'll be in the Middle East for martyr training. dasovich-j,"We are OUT of the pool. I want my money back. Prentice, please get your stuff out of my apartment. You can have the cats. Love, Jeff Thanks for helping, Nancy. So what place are we in?" dasovich-j,$18.10/share. don't make me give suggestions. dasovich-j,"Thanks for the note. Just let me know. We'll do it when you're ready. Between now and then, could you send me a summary (understanding that it's an estimate) of time and materials as you see them. Thanks again. Good luck with the other jobs. Talk to you soon." dasovich-j,"Though there is a high degree of uncertainty regarding whether and when Davis will call back the California legislature to address the Edison MOU, here's the latest information we have. Faced with horrible polling, an unwilling legislature, an uncooperative California PUC, and a wily leader of the state Senate (Burton), Davis is now considering delaying any action to call back the legislature. Rumors of a delay come despite Davis' statements that he would call them back next week. We received the information about a likely delay from an Edison SVP who's working with administration staff to come up with a deal that the legislature can finally swallow. It's Edison's view that the earliest Davis would now call the legislature back is end of next week, with early the following week being most likely. At this point, the chance remains that Davis may be forced to throw up his hands and call the whole thing off, leaving Edison to follow PG&E into chapter 11. In the meantime, negotiations between Davis' staff, and staff from the Senate and Assembly continue. We'll report back with information as we get it." dasovich-j,"Feel free to send it along. But as you know, things are somewhat difficult these days. I'll get it to the right people, however." dasovich-j,"I'm not positive. The best way to find out is to call the Public Advisor at the PUC directly. He'll be happy to fill you in on how to get on the list of speakers. And I'm sure it's very easy to do. I'll definitely give you a heads up regarding the Wednesday calls, though they've really wound down alot since the Legislature took off for vacation. Hope all is well." dasovich-j,The meeting will happen. Will only be a matter of who attends. I'll let you know what I hear back. Good luck with everything else. dasovich-j,"Hey, you guys having fun yet? Did you watch the game last night? The Yankees are awesome--Eldon's been submitted to the loony bin." dasovich-j,"No new details to report. Same settlement to unbundle socal that's been before the commission for about a year. On the commission's agenda to consider, but as has been the case for over year, they've delayed any movement--at least one commissioner doesn't like competition and has the discretion to continue to ask that it be delayed. Some hold the view that there's a push to try to get it moved, but best guess is 50-50 at this point. Substantively, though, same thing that's been before them for a very long time, i.e., emulate PG&E's gas accord (more or less) on socal." dasovich-j,"Hey, buddie. Mike and Sue still differ. We're getting the transcript to verify. I told them both that this is not something we should make a big issue out of since what the judge said in a ""quip"" from the bench will in no way alter our strategy or tactics. They both agreed. Soon as we get the transcript, we'll fill you in. Let me know if this works for you. (Please be easy with Sue, she's pretty tense.)" dasovich-j,Hi Doug: Hope all is well. Congratulations to you folks on your agreement with the PUC. Must be a relief. I was writing to get your reaction to the judge's proposed order in the El Paso case. You think the Commission is likely to adopt it? Change it? Judge's proposal fatally flawed on the market power issue? Appreciate your insights. AND did you hear Bilas issued the our gas settlement as his proposed decision for adoption by the Commission at its 10.25.01 meeting!?!?! What next? dasovich-j,"Doesn't this constitute a change in Edison's position, i.e., I thought they'd indicated that everyone would be paid by end of Q1'03. Now it appears they're saying that suppliers will get paid by year-end '03. Am I missing something? Thanks for the info." dasovich-j,"PUC and Edison Settle Federal litigation to maintain utility service without raising rates The California Public Utilities Commission (PUC) and Southern California Edison (Edison) today reached a settlement in the Filed Rate Doctrine lawsuit Edison filed in federal court against the PUC. The settlement is intended to restore Edison to creditworthiness so that it is able to resume procuring the electricity needed by its customers; limit ratepayers' costs of paying off the debt; and maintain the state's role in regulating the investor owned utility by enabling Edison to pay down its back debts over a reasonable, certain period of time. The terms of the Settlement Agreement include: ? Edison will apply cash on hand, plus all of its revenue over recoverable costs, to paying off its back debt. The PUC and Edison have agreed that the amount of the back debt to be recovered from ratepayers is the amount of certain outstanding debt Edison had at August 31, 2001, less the cash on hand on that date, less an additional $300 million adjustment. The amount that will be paid down pursuant to the settlement agreement is estimated to be $3 billion as of the end of this month. The parties believe that the amount to be paid by ratepayers will be much less than the cap. ? Edison will not pay any dividends on its common stock through 2003, or on the full payment of its debt, if sooner. If Edison has not fully paid its back debt by the end of 2003, the Commission retains the discretion to determine whether Edison will pay a dividend in 2004. Edison is free to resume paying dividends in 2005. Since Edison's annual dividend has typically been about $400 million, Edison's shareholders will have forgone at least $1.2 billion in dividends and possibly more, in addition to the $300 million adjustment. ? Edison will apply 100% of any recovery it obtains from refund proceedings at the Federal Energy Regulatory Commission or litigation against sellers to pay down the back debt. Edison commits through court order to work with the PUC and the Attorney General in pursuing litigation against the energy sellers. ? The PUC can direct Edison to use $150 million each year for other utility purposes, including the provision of additional energy efficiency monies, which would otherwise be used to pay down the Edison debt. ? The PUC agrees not to lower Edison's retail rates below their current level through the end of 2003 unless the back debts are recovered. However, rates may be reduced as a result of a securitization of the debt or reduced DWR revenue needs. ? The PUC agrees to set rates not higher than the current rate, to enable Edison to recover the remaining amount of the back debt over 2004 and 2005 if Edison's back debt has not been recovered by the end of 2003. ? There are no concessions of PUC or State regulations or regulatory authority over Edison, nor is there any deregulation of valuable transmission and generation facilities. ? Edison may make up to $900 million in capital expenditures annually. ""This settlement embodies a fair and judicious way for Edison to become solvent and get back in the business of buying power, while meeting the needs of ratepayers and the state of California,"" said Loretta Lynch, President of the PUC. ""The settlement also ensures that all of the benefits of any refunds arising through litigation against power generators and marketers that profited from unjust and unreasonable energy prices will benefit ratepayers."" This agreement settles a November 2000 federal court lawsuit filed by Edison against the PUC, in which Edison claimed that the Commission's actions in not providing sufficient retail rates, violated federal law and was an unconstitutional taking of its property. Under this agreement, Edison will release the PUC from all claims in its lawsuit and will also withdraw any challenges to the Commission's decisions implementing AB 1X, AB 6X, and the TURN accounting proposal." dasovich-j,and we ate more last night and we're still alive. Thanks very much for your hospitality and a really fun time. dasovich-j,you should have this. i sent it out yesterday. the scapegoating continues.... dasovich-j,"Power providers cry foul over fees State is accused of improper billing Electricity suppliers long accused of manipulating California's energy market are turning the tables on the state, saying its independent grid manager is forcing them to make up the cost of bad energy deals signed by Gov. Gray Davis' administration. The power traders accuse the Independent System Operator -- which is legally required to act as an impartial market manager -- of improperly helping state power buyers spread out the cost of high-priced electricity contracts. Energy firms as well as municipal utility systems have complained about mysterious charges on their accounts with the grid agency, said Jan Smutney- Jones of the Independent Energy Producers Association, which represents such industry giants as Enron, Dynegy, Williams and Reliant. The charges showed up around the time the state Department of Water Resources was forced to start selling excess electricity it had purchased at an average of $69 per megawatt hour for as little as $1 per megawatt hour. ""The ISO seems to be following specific instructions the Department of Water Resources is giving them,"" Smutney-Jones said. An industry source said NRG Energy Inc. and other suppliers were preparing a formal complaint to the Federal Energy Regulatory Commission, which could order the state to issue refunds to generators if it finds they have been improperly charged. The commission has ordered an unprecedented operational audit of the grid management agency. State officials bought power under long-term contracts when it appeared California could suffer serious power shortages over the summer. Instead, the state had more than enough power, and electricity available on the spot market suddenly cost half as much as the energy California had bought. Gary Ackerman of the Western Power Trading Forum, an industry group, said the grid operator was using a combination of power scheduling and billing practices to ""bury"" some of the cost of power purchased by the state in the accounts of other generators. ""The state is the biggest buyer and seller of electricity, and they control the governing board of the ISO,"" Ackerman said. The governor's spokesman, Steve Maviglio, called the power firms' accusations ""absolutely false"" and said the generators were trying to whip up sentiment in Washington to interfere with the state's affairs. ""The generators know they'll get a much better deal at FERC headquarters in Washington than they will in Sacramento,"" Maviglio said. ""It shouldn't be a surprise that they make these accusations here to get federal involvement."" Oscar Hidalgo, a spokesman for the Department of Water Resources, said generators could hardly cast themselves as victims in California's energy crisis. ""I don't feel sorry for them one bit,"" Hidalgo said. ""They had one heck of a year."" Gregg Fishman, spokesman for the ISO said the agency was preparing a response to the accusations. Energy trade organizations said they suspected the ISO of using several mechanisms to charge suppliers for state contract costs. The extra expense is sometimes tacked on to suppliers' bills for ISO operating costs, which all electricity sellers in California share, Ackerman said. Some firms say they have tried to buy cheap spot market electricity for resale, only to find later that the grid manager has charged them for more expensive state power. Others say the grid operator orders them to activate stand-by power units on too-short notice. When they can't comply, they say, the ISO brings high-priced state power on line and bills them for the extra cost. The accusations are part of a struggle for control of California's grid. In January, Davis disbanded the ISO's 26-member governing board, which was chaired by Smutney-Jones, after some critics said it was too cozy with industry. Davis appointed his own five-member board. In February, then-FERC Chairman Curt Hebert said the new board had become ""a political arm of the governor."" The commission is trying to get California to turn over its grid to a multistate transmission organization. Davis has warned Washington to ""keep its hands off"" the ISO." dasovich-j,Very yummy dinner. So light. So fluffy. Your friend Renee is very nice. Thanks. dasovich-j,"No problem. To be honest, I was concerned--given how wide-ranging it was--that I might step in something unintentionally. Please let me know if I do/did. Also, keep in touch with how the issues go with them, since they are clearly trying to use the reg. issues as leverage, and in that regard, often offering up worst-case scenarios." dasovich-j,FYI. Appears now that the option some customers have to put facilities to us is viewed as a negative. dasovich-j,"o lord, there's not some reason that we'll need to go to Napa next weekend that I don't know about, it there? Just you guys going up to visit, right?" dasovich-j,Talked to Pat Mason. Give a call when you get a chance. dasovich-j,"Greetings. Please forgive me for not getting back to you more promptly. Here's the latest: As you know, I'm finishing up my MBA at Berkelely (I'll have but one class left to take next semester!). Finals/projects, etc. are all done/due, etc. next week, so as you can imagine it's very crazy. In addition, I (we) had to put the sweetest dog in the world to sleep this week, and the Enron thing's been nothing compared to that. (I'd ask, ""what next?"", but I'm afraid to ask.....) However, none of this constitutes an excuse for not getting back to you, so I apologize. OK, back to Enron. It's a mess (surprise). I'm still with the company--not sure for how long, however. At least through the end of the year, it appears. Sue and Joseph have left. If you'd like their contact information, I'd be happy to provide it. We're trying to transfer our DA contracts to other ESPs, but the utilities, Carl Wood and some others want to make it difficult, if not impossible. Though difficult as it may seem to believe, I'm actually doing OK (engaging in lots of zen buddist stuff) and I do promise to give each of you a ring to catch up very soon. This week's a little tough just because with school and ""the mess,"" I'm a tad preoccupied. HOWEVER, your calls and nice thoughts are extremely welcomed and greatly appreciated. Thanks so much. Will talk to you soon and hope you're doing well." dasovich-j,"may have been updated a bit prior to the presentation, but yep, that's it. will do for now. please forward to rick. when i'm back in the office i'll do more searching. thanks a bunch. i'm assuming this is what he's referring to." dasovich-j,"My apologies for the delay. About three other bonfires cropped up after I talked to you. In any case, the answer to your question, is yes, we can switch our customers to dual billing if we choose to do so. If you have any other questions, just let me know." dasovich-j,Here's a start. Be happy to add. Just let me know. dasovich-j,"Sounds reasonable. Let me know what time you can meet this weekend. After noon on Saturday, and anytime before 4 pm on Sunday works great for me. Understanding that it's a T&M job, would you nonetheless be able to give a ballpark figure once we've spoken this weekend and you've had a chance to think about it? Also, I've got some longer range plans (barn, house, etc.) for the property that I'd like to run by you, too, but that's longer off. Really want to get the deck done before the rain starts. Thanks again." dasovich-j,"On October 4th, I'll be trying to fill Rob Bradley's rather large shoes at the Cal State University Center for California Studies' 13th annual envisioning California conference, ""Our Year of Disconnect: The Politics of Power in California."" I'll be participating in a Roundtable at the plenary session entitled: ""Lessons Learned, Unlearned & To Be Learned: A Roundtable on California's Utility Deregulation."" The Roundtable will be moderated by the State Librarian, Kevin Starr. The other roundtable-ists include: Chuck Cicchetti (Edison plant? Anyone know what he's up to these days?) Bob Foster--Edison Nettie Hoge--head of TURN Glen Thomas--Chair of the Pennsylvania PUC (any info on Chair Thomas is appreciated) State Senator Debra Bowen David Freeman--Self-appointed emporer Dr. Joseph Pratt--History prof., University of Houston (any info on the professor is also appreciated) Each of us will have two minutes to open and then Dr. Starr will moderate the ensuing mud-slinging. Attached are some draft talking points that I threw together for your review. All comments, suggestions, guffaws, etc. are welcome and appreciated." dasovich-j,Thank you. I was trying to get the number from Barry. dasovich-j,"For this week, we'd like to cancel both the Tuesday and Thursday calls and instead reschedule to Wednesday at 9 AM PDT (11 AM CDT). We'll try to use the same call-in number. Scott, could you let Ken know of the plan? Please let me know if this change presents a problem for anyone." dasovich-j,"Thanks, Scott. Though the chances of re-kindling a bi-partisan, centrist deal among Rs, Ds and Davis are extremely small. Richmond (Republican leading Assembly efforts) has agreed to stay in touch with Bev over the weekend in the very unlikely event that something rekindles between Rs and Ds. In the meantime, with Davis and the Assembly Ds drifting back to the left, we'll need to redouble our own efforts to make sure we don't lose the ground we've gained. Scott, are they meeting again on Monday, or Tuesday?" dasovich-j,Dude: Please let me know all the various costs that you've incurred on our behalf and not been compensated for. I know we owe you $65(?) dollars for the guitar. Is there anything else? Let's play soon. dasovich-j,"that sounds sweet. if you can get tickets for me and prentice, i'm happy to pay for them. just let me know." dasovich-j,Cool. Enjoy the travel. dasovich-j,Thanks. Don't hesitate if there's anything else. We're trying to get Bilas and Duque on board. dasovich-j,got the fax. thanks. dasovich-j,"Got Mark's number. I'm going to call him today. Any specific info you'd like to have, or just generally what he and DWR are up to on the gas side. I also assume that we'd like to meet with him to discuss possible opportunities?" dasovich-j,"The Senate Rules Committee just met. During the hearing, Senate Leader John Burton stated that: the Senate intends to rewrite the version of the MOU that the Assembly approved last Thursday night and sent over to the Senate for final approval (SB78). the version of the MOU that will emerge from the Senate sometime this week will look much more like the bill that originally passed out of the Senate prior to the July summer recess. That bill was unacceptable to Edison and Davis, which led to the version that the Assembly developed and approved last Thursday night. If the Senate proceeds as Burton suggests, the chances are very low that an MOU will make it through the Legislature and get Davis' signature. Burton generally sticks to his word. But there is still time for additional negotiations and SB78 could squeak by. However, Burton's comments in the Rules Committee certainly don't help 78's chances for survival. Finally, the Assembly is currently debating the last surviving windfall profits bill, and the bill is having a hard time getting the votes necessary for passage. More information on the windfall profits bill as we get it." dasovich-j,no need for invoice. Thanks again for taking care of it. dasovich-j,Talked to Fielder. He's willing to meet. dasovich-j,Sue's back today. She and I can get info for you today. dasovich-j,"Great. You know this is a pure ""lobbyist"" meeting, right? You may want to do by phone, if possible. Your call." dasovich-j,"did i ask you to fax copies of the hedy/bev letter to ginger? signed, al" dasovich-j,"Greetings: 1) I haven't forgot about Baldwin, but it seems that things have changed for him (and his company?). His long-standing number know longer works and there's no forwarding number. I'm trying to track him down. 2) What time's your weekly meeting on Thursday, and is there a call-in number?" dasovich-j,The pressure on the PUC is getting strong. Could be a move by Davis' office to get folks to support the Assembly bill as a preferrable alternative to the July 1 date now included in the PUC draft. dasovich-j,can you please fax thing we were faxing yesterday to jeremy. i'm much obliged. dasovich-j,"Well, it was too brief, and I didn't get to work with you nearly as much as I'd hoped. But when I did, it was very enjoyable. All the best. These are strange and unsettling days, but it seems that the best among us always land on their feet, so I'm sure that's where you'll end up. Take care and hope to cross paths again soon." dasovich-j,"FYI. Put another call into Bloom. I'm sure he'll get back to me soon, but you know how busy these important lawyers are..." dasovich-j,No problem. No hurry. Whenever you've got it ready is great. dasovich-j,"Hey. Work prevented me from going to class at all last nite. Does the course seem like it will be good? Were there a million people there? Chances are very low that I'll get in, but I'm gonna try anyway. I'm on vacation next week (yeah), but maybe we can catch during the break on the following Tuesday or Wednesday. Good to see you the other night. Take care." dasovich-j,"Steve: Been wanting to drop you a line to say, Hang in there. You're a remarkable individual, and it's great working with you. As far as I'm concerned--and there are many with a similar view--I'm ready to do whatever it takes to help turn things around. You can count on that. (Now if we can just find something left to turn around. Kidding.) If there's anything you need, please don't hesitate to let me know. Please give my regards to Ken." dasovich-j,Just give me a call. you want to shoot for 10:30 my time? dasovich-j,Thanks. I have to clear with Calger first. Also left a message with Kean re: same. May be that we give the idea to the large customers and they run with it so no fingerprints on our part. I'm going to sketch out a proposal and pass it around for people to swipe at. I'm for severing IF Riordan loses (you think he can win?). You going to the Astros/Giants game tonite. Hopefully they'll actually throw a strike to Bonds tonite. dasovich-j,"CONFIDENTIAL. Please don't distribute. Evie's concerned that this letter might not be welcomed by or useful to Loretta. I think it would be, but would be useful to have your/Loretta's views. Let me know." dasovich-j,I'm still in for golf if you are. I'll bring some knitting in case you decide to bail... dasovich-j,Thanks? Brown going to vote for it? dasovich-j,"You should contact Tim directly. There is a tariff section on each website and a search function using key words. The utilities issue reports on OFO incidents, and Tim should have those as well. Let me know if there's anything we can do." dasovich-j,"no. what's your phone number. need to fill you in on some stuff. best," dasovich-j,Calpine has cratered to 13.15 at last look. 50MM shares traded today. This is starting to look like the dot-com implosion. dasovich-j,"If you're referring to the Tues/Thur call, we've talked some and thought we'd go to once per week with Sacramento folks having the option of callling in, since the Legislature's gone until January. You have thoughts on the Monday call? That one may not be as critical anymore." dasovich-j,I'm in. Thanks. dasovich-j,They're yours. Just let me know as soon as you can if you'd like them. Hope you're doing well. Stay buckled up. It's bumpy out there. But at least they're starting to publicly clean house. dasovich-j,You getting these? You care? dasovich-j,We should determine whether we want to voice an opinion on this. Seems there would be two issues that might concern us: 1) bankruptcy and 2) effect on our book. Might be useful to discuss briefly; perhaps first thing tomorrow morning. Thoughts? dasovich-j,Thanks. Hanging in there about as well as everyone is. No worries on getting back to me. Just wanted to keep folks in the loop. Been in contact with the desk. of luck with the transaction. Enjoy the time off. Talk to you in a couple days. dasovich-j,Thanks. I'm on the California 8:30 (pst) call till about 9:30. dasovich-j,"Thanks, Jeanne. Just to be clear (since we had a bit of a different take last Friday in the meeting that Jim and Sue and I had with Mike). Mike's take was that we'd be addressing just about everything under the sun, including why we think that hearings are necessary. This takes a much narrower approach. Just want to make sure that we're all on the same page. I understand that Mike was travelling yesterday and the first part of today. Likely makes sense to have a call this PM to make sure out ducks are all in a line. Thanks again." dasovich-j,You're a better consumer advocate than apologist. I'll resend the document first thing in the AM. dasovich-j,ignore fax. wrong bill. changes to language didn't get made. new version expected out in about 1 hour. dasovich-j,"fyi. Extraordinary (Special) Session Rules and Procedures Call of Special Session: Only the Governor has the authority to convene a special session of the Legislature. In convening the session, the Governor must issue a proclamation outlining the reasons for the special session, and only issues specified in the proclamation may be acted upon. Election of Special Session Officers, Committees and Bill Referrals: The election of officers and the appointment of special session committees are separate from the Legislature's regular session. In some instances, special session committees are comprised of different committee members than those appointed to regular session committees. Identification of Special Session Bills and Publications: Separate record-keeping publications (File, History, Journal and Roll Call) are printed for each individual extraordinary session. Special session bills are identified by specific paper colors (i.e. blue or green). For example, documents in the 2001 Second Extraordinary Session are printed on green paper. Introduction of Special Session Bills: There is no limit to the number of bills that a member of the Legislature may introduce during the extraordinary session, and none of the bills introduced during the extraordinary session count toward the member's bill limit in the Regular Session. Special Session Bill Procedures and Calendars: There is no bill introduction deadline during special sessions, and the ""30-day in print"" rule and committee file notice requirements do not apply. Special session bills also are not subject to the regular legislative session calendar, committee and/or floor deadlines. The sine die deadline requiring session to adjourn on November 30 of the second year of a legislative session does apply to the Special Session. Effective Date of Special Session Legislation: Simple majority vote special session bills take effect on the 91st day after the special session is adjourned. Urgency measures and other two-thirds majority-vote bills take effect immediately upon the Governor's signature. The Governor has 12 days from the date it is received on his desk to sign or veto legislation. Similar to the Regular Session, a special session bill may become law without the Governor's signature. End of Special Session: Only the Legislature, by concurrent resolution, may end a special session. The concurrent resolution takes effect upon passage by both houses of the Legislature, and is not subject to a Governor's signature or veto." dasovich-j,"Greetings: I'm the only one who hasn't left yet for the dome. If it's OK with you, I'd like to come by and pick up Annie. Likely get there around 7:30. That work for you?" dasovich-j,"Since it was only Friday since Delainey directed me to send info directly to him, I included him and the others on the last note in order to avoid looking like I was disobeying direct orders 48 hours after receiving them. Hopefully we can work something out where you distribute as you deem fit. Hope it's not creating undue headaches." dasovich-j,Not a problem. Thanks for the info. I've got a couple more questions. I'll call you in a bit. Thanks again. dasovich-j,let me no how dunn call goes. 415.505.6633. dasovich-j,"I thought you folks were involved in this program and supported it, but I may have it all wrong. In any case, please see attached regarding utilities joint proposal on implementing the DA suspension. Community Aggregation would not be allowed after Sept 20th. Is anything you care about and/or have a position on? Thanks very much. Hope you're well." dasovich-j,"Two things: When Aleck said that he was leaving ""effective immediately,"" does that mean one can't use email to send him a note to wish him well? If that's the case, do we have a forwarding telephone number for him? Also, just wanted to make sure you're aware that Calger continues to express concerns about us having any fingerprints on any attacks on the contracts. His concerns are two-fold: Generally, he thinks it would be very damaging to our commercial reputation, since many of the folks holding the lousy contracts are folks we regularly transact with. And specifically, we're tied up with Allegheny (sp?). I've told him that we don't like the contracts, that we're talking to folks about how bad they are, but we're ""staying under radar"" and stating publicly that we never support the unilateral abrogation of anyone's contract rights." dasovich-j,Dan: Is this also information that you'd like to be kept apprised of. Just let me know. dasovich-j,Greetings: The Commission denied it. Work is underway to appeal the Commission's decision to the courts. Sue Mara is taking the lead on this for us. She can update you on where the appeal stands. Be great to get you support for/participation in the appeal. dasovich-j,"Great question. If you think it would be useful, I can back channel to Loretta and find out. I'm of the view that this letter is more to refute Angelides, so that his wild assertions don't go unanswered in the court of public opinion. Perhaps the letter should be addressed to Angelides, instead. On the other hand, I think it is also useful to make it known to the press and the public that the PUC has the regulatory tools, processes, etc. necessary to permit customers broad latitude to manage their own energy needs on the one hand, and ensure that there's not the sort of massive cost-shifting to which Angelides refers on the other. In the public's view this has been painted as an either/or issue. Either we end direct access, or granny faces death and destruction. And that's just not the case. In fact, I think it can be argued that the scenario Angelides paints just isn't in the cards, period. But I may be missing the mark with all this and am open to other views. Let me know if you'd like me to find out if Loretta thinks the letter would help her. Could find that out in pretty short order." dasovich-j,I recommend that we just stick to one of the three that Joseph originally to the time and effort to select. Any chance of salvaging any of those? dasovich-j,"That's true, but we're trying to find substantive reasons for having the meeting.... Susan J Mara 07/10/2001 12:05 PM To: Joseph Alamo/NA/Enron@Enron cc: Alan Comnes/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron Subject: Re: Weekly Staff meeting? Paul specifically told us to have one Sue Mara Enron Corp. Tel: (415) 782-7802 Fax:(415) 782-7854 Joseph Alamo 07/10/2001 09:41 AM To: Susan J Mara/NA/Enron, Jeff Dasovich/NA/Enron, Alan Comnes/ENRON@enronXgate cc: Subject: Weekly Staff meeting? Did you folks want to try to have a Staff meeting/call this week? or would you rather let it go until Paul returns? Pls advise," dasovich-j,"Here is a stab at draft legislative language for the core/noncore portion (i.e., section 1) of the agreeement. See you later today." dasovich-j,"Rick: Based on your voicemail, here's a quick-and-dirty synopsis of a proposal that I've been quietly discussing with a select few out here in California (e.g., John White, large customers). It could include more bells and whistles, but the intent of this proposal is to get DA back as soon as possible. ************************************************************************** Reduce DWR L-T contract volumes by at least 33-50% To ""back fill"" increase in net-short created by contract reformation, permit noncore customers (20 KW and above) to elect to go DA to fill the position DA provides a significantly more efficient hedge against price volatility than DWR contracts Election is first-come, first-serve, capped at the aggregate net short position Customers decision to go DA will constitute a 3-year commitment to stay DA (i.e., can't go back to IOU for 3 yrs; must stay in the market) If a net short position remains after noncore customers have elected DA (i.e., not enough elect to fill the net short), then the IOUs will hold an auction to fill the net short The auction would seek a portfolio of 3 month, 6 month, 1 year and 3 year deals (both peak and off-peak) to fill the net short. Noncore customers choosing DA would not escape costs of DWR power consumed when the customer was receiving utility service (i.e., prior to electing DA) Likewise, if the noncore customers choosing DA was a utility customer during the period when the utility accured its ""undercollection,"" (i.e., when wholesale prices exceeded the retail cap), the customer would not escape those costs by virtue of electing DA status Noncore customers would not bear responsibility for recovery of DWR L-T contracts. Potential add-on to deal: Core customers (less than 20 KW) could choose ""green only"" DA, but, like, noncore customers could not escape costs for which they are responsible." dasovich-j,"FYI. 8 State Power Contracts Seen as Bad Deals Energy: The long-term pacts require the purchase of too much electricity at too high a price for too long, a study finds. Immediate renegotiation is urged. By VIRGINIA ELLIS and NANCY VOGEL Times Staff Writers September 30 2001 SACRAMENTO -- At least eight of the long-term contracts to buy electricity that California officials signed this year are so egregious that they should immediately be renegotiated, according to a new, detailed study. The biggest problems are so-called ""take or pay"" clauses that require the state to buy large quantities of expensive power even if there is no demand for it, the study said. The contracts will saddle Californians with high electricity rates for the next decade because the state negotiated many deals that require the purchase of too much energy at too high a price, according to the analysis, which was sponsored by a coalition of consumer, environmental and renewable energy groups. Between January and September, the state Department of Water Resources entered into 53 agreements to buy electricity for customers of the state's three investor-owned utilities, which have been unable to buy power on their own. The longest of the contracts would last 20 years, and overall, the pacts are estimated to cost $43 billion over the next two decades. Power generators did not rule out the possibility of renegotiating at least some contracts, but said any move to do so would have to be requested by the state. ""If we receive a request and it makes sense for both parties to restructure the contracts, we will consider it,"" said Joe Ronan, a senior vice president for San Jose-based Calpine Corp. But, he said, the company has ""no intention of asking for renegotiation"" on its own. Jan Smutny-Jones, executive director of the Independent Energy Producers, a trade association for electricity generating companies, said other members of his group might also consider renegotiation. So far, he said, ""I don't see any realistic legislative or regulatory efforts to push it in that direction."" And he said the producers would oppose any efforts to force them back to the bargaining table. ""We'd take strong exception to involuntary renegotiations,"" he said. For his part, Gov. Gray Davis would be open to renegotiations, said his spokesman, Steve Maviglio, but only if power generators show a willingness to return to the bargaining table. ""Would we love to get a better deal?"" Maviglio said. ""Of course we would, but the contracts we negotiated helped us get in the positive position we are in now, and if the generators were willing to renegotiate the contracts, we'd be the first ones at the table."" S. David Freeman, who led the contract talks last winter on behalf of the state, said critics miss the larger purpose of the agreements. When the state began negotiating contracts, California had just suffered two days of rotating blackouts. The contracts tamed the market and eliminated the blackout threat, he said. ""Insurance is insurance, and it costs a little bit,"" said Freeman, ""but it's a good thing to have."" But William B. Marcus, chief economist for JBS Energy, which conducted the three-month study, noted that at least one of the most troublesome agreements was signed in July--weeks after the market had stabilized and prices had declined. The study of the contracts was sponsored by the Center for Energy Efficiency and Renewable Technologies and was financed by a $200,000 grant from the San Francisco-based Energy Foundation. It was conducted by JBS, a consulting group. The study singled out for criticism: * A deal with Sempra Energy, parent company to San Diego Gas & Electric, which Marcus called the most expensive and inflexible of all the contracts. Over the life of the pact, he calculated, Sempra would earn $1.2 billion more than the California Energy Commission estimates unregulated power should cost. The contract lasts until 2011. For each year, it requires the state to buy large amounts of power at fixed prices whether it's needed or not. * A deal to buy electricity from small Northern California power plants owned by Calpine Co. that have yet to be built. The plants will be ""peakers,"" designed to run in short bursts when electricity supplies are tight, such as on hot summer afternoons. The state agreed to pay Calpine $90 million a year for five years simply for the right to buy 495 megawatts of electricity. ""They get $90 million a year on plants that cost $250 million,"" said Marcus. ""That's huge. You get your money out in three years. If a utility had built these power plants, they would have charged half as much."" * A deal with Alliance-Colton LLC to buy the output of two inefficient peaker power plants in San Bernardino County. The deal commits the state to pay $207 million through 2010 whether or not it uses any of the 72 megawatts of electricity. * An agreement to pay $150 per megawatt-hour for two years--more than twice the average price of $69 per megawatt-hour of all the contracts--for power from several aging plants that Mirant Corp. of Atlanta owns in the San Francisco Bay Area. * A contract the state signed in July to buy power from Pacificorp, a private utility based in Portland, Ore. Pacificorp agreed to sell electricity at a fixed price of $70 per megawatt-hour. That price could have looked reasonable at the height of last winter's crisis, but it was double what energy sold for when the contract was signed. * Contracts with two power marketing companies for electricity generated by the same Southern California plants. The difference in price shows what a poor deal the state got under one of the contracts, the study said. One of the marketers, Allegheny Energy Supply Co., agreed to sell from 150 to 1,000 megawatts from March 2001 to December 2011 for a straight $61 per megawatt-hour. But a second marketer, Williams Energy Marketing & Trading Co. got a nine-year contract to sell from 35 to 600 megawatts from the same plants for $62.50 to $87 per megawatt-hour. ""When you compare those two contracts,"" Marcus said, ""you know you've got a dog here. I think Williams showed up earlier, and the state was desperate."" * An agreement with Dynegy Corp. of Houston that requires the state to pay for emissions credits and upgrading of pollution control equipment on the firm's California-based plants. The contract puts no ceiling on those costs, Marcus said, and it is unclear how high they are likely to go. * A pact to buy electricity from a plant being built in Victorville by a partnership between Inland Energy of Newport Beach and Constellation Power Development of Baltimore. The state agreed to a price of $58 per megawatt-hour, but is obligated to take all of the power, 24 hours a day, seven days a week. Marcus, a Harvard-trained economist who has 23 years of experience with electricity and gas utility issues, said the brunt of the financial pain from the contracts will not be felt by consumers until after the next election, when the pacts significantly increase the amount of power the state buys. He said 96% of all the electricity purchased under the contracts becomes available--much of it on a take or pay basis--after next summer. Those large power buys will come when the state is expected to have energy surpluses because of increasing supply and a decline in demand driven by higher prices. ""The state has agreed to buy too much power, often for too long a period, at too high a price, and much of this power is simply too dirty,"" said V. John White, executive director of the Center for Energy Efficiency and Renewable Technologies. ""To make matters worse, almost all of these contracts are dependent on one price-volatile fuel: natural gas."" When the state began negotiating contracts in January, electricity prices averaged $177 per megawatt-hour and sometimes spiked higher than $1,000 per megawatt-hour. By June, the average price had fallen below $100. Lately, prices hover around $30 per megawatt-hour, similar to the cost California enjoyed before prices went haywire. Marcus was particularly critical of one element of the Pacificorp contract: a clause that prevents the state from taking advantage of the plummeting price of natural gas until after 2003. The price of natural gas, the main fuel used to run power plants in California, began to jump last fall but has plummeted since spring. Another weakness of the contracts, Marcus said, is that they lock the state into further dependence on gas. For the prices California will pay under these pacts, residents could have made a greater investment in power generated by the sun, wind or other renewable sources for the same price or cheaper, he said. Windmills and solar panels would help buffer against natural gas price spikes, he said. Renewable sources of power also don't release air pollution and gases that contribute to global warming, he added. ""I'm paying to buy something that really isn't the right thing to buy,"" Marcus said. ""I don't want to pay Williams $69 a megawatt-hour to generate lots of inefficient gas-fired power that I have to take that's going to increase global warming and increase pollution in the South Coast Air" dasovich-j,"Those would be the messages. Short, sweet and to the point. More info to follow." dasovich-j,"Greetings. Did you folks ever send a letter to the PUC? If so, is it possible to get a copy?" dasovich-j,Talked at length with Mark Baldwin today. Could you give me a call when you get a chance to discuss? Thanks. dasovich-j,"Bev: Based on yesterday's conversation, we've set up a call for 2 PM California time on Friday. Here's the call-in info." dasovich-j,"Late last evening the Assembly committee passed its version of the Edison MOU (SB 78). Despite attempts by consumer groups to weaken and/or eliminate the DA provisions in the bill, the bill passed with the DA provisions intact. The DA provisions in the bill that passed out of the committee are essentially the same as those discussed previously (see previous note attached). The Assembly will now attempt to get the bill out of the Appropriations committee today or tomorrow--the expectation is that the bill will make it out of that committee. When and if the bill makes it out of the Appropriations committee, the Assembly will attempt to pass it out of the full Assembly. If it makes it out of the full Assembly, it will then go to the Senate for approval, where the leader of the Senate, John Burton, continues to say publicly that the chances of passage in the Senate are slim. On the PUC front, efforts are underway to stop the PUC from passing the proposal it issued last week. The current PUC proposal would suspend DA retroactive to July 1. In conversations with the Governor's point people in charge of getting the bill passed, they indicated that they are aware of the problems with the PUC proposal and are working to resolve it. We'll continue to provide updates. If you have any questions, don't hesitate to contact me at 415.782.7822." dasovich-j,"Great. I'll be there. Stop by, or call me at 415.505.6633, or 916.448.8240." dasovich-j,"Thanks for the reply. Agree the settlement is not nearly all that it could have been, but sure beats what we've got, it seems. If there's something you think that we can do to help in the GCIM case, please let me know." dasovich-j,3310 El Camino (Sacramento). Suite 120. dasovich-j,Did governor Jessie eliminate the role in Minnesota? I believe that it's the equivalent of a state historian. Thanks for the feedback. dasovich-j,"Tom: Here's the presentation that we'll go over with you tomorrow. If you have any questions between now and then, just give me a call at 415.782.7822. What number should I call you at tomorrow?" dasovich-j,"In another surprise move, the PUC approved an Edison bailout today on a 5-0 vote. This item was not on the Commission's agenda other than as a placeholder regarding ""litigation."" We do not have copies of the agreement but we just talked to Edison's SVP of Regulatory Affairs and here's a summary: The Commission will keep current rates in place through 2003 Any ""overcollection"" resulting from keeping current rates in place will go to paying off $3.3 B in Edison's past due accounts (the so-called ""undercollection"") If Edison collects the $3.3B prior to 2003, then rates can change If Edison has not collected the $3.3 B by the end of 2003, the PUC will create a dedicated rate component on all bills to collect the remainder. Half the remainder will be collected in 2004 and the other half in 2005. Any refunds received from litigation against suppliers will go to reducing the $3.3 B undercollection. Edison can keep 10% of any refunds received after the $3.3B is paid off. Edison cannot pay any dividends during the time that it is using rates to pay off the $3.3B. Edison can apply to the PUC for approval to hedge gas price risk. Edison will be protected from any increases in DWR contract costs (i.e., if DWR's costs go up, the PUC will raise rates rather than take it out of Edison's rates) The PUC will not fine Edison during this period if Edison's capital structure varies from the PUC-approved capital structure Edison must drop its lawsuits against the PUC regarding 1) the ""filed rate doctrine"" and 2) the so-called ""TURN"" accounting method, which effectively kept the rate freeze in place. Edison agrees to ""cooperate"" with the Attorney General and the PUC in all litigation against suppliers. The PUC decision could likely nullify the need for the ""special"" session that the Governor recently announced We will report back with additional details as soon as we get them." dasovich-j,prentice's haas address is no longer valid. you'll need to send to dasovich-j,"Thanks. Love to catch up on Tuesday when I get back, if that works for you." dasovich-j,"Will do. Did you folks have a call today? If you folks are going to have one every week, could we set up a standing time and call-in number? Be happy to participate on these and any other issues." dasovich-j,"Greetings. Last night, we were hanging out the the CEO of Cameron's company and it turns out that he's a recording freak with unbelievable equipment and he'd likely be willing to record a TRUE BLUE CD FOR FREE. Give a call when you get a minute. 415.782.7822." dasovich-j,See email. PUC bailed out Edison today. No kidding. dasovich-j,I'll set it up. This Firday is not good. I'll shoot for Monday or Tuesday. DWR's in Sacramento. Mark is 50 miles east of SF in Livermore. dasovich-j,"Commissioners Henry M. Duque and Richard A. Bilas, dissenting: One could say that this order is consistent with the Administration's present third world country mentality. We are punishing the very consumers and providers who made a commitment to ensuring electric restructuring did work by adding a demand retail component to cure the dysfunctions in the wholesale market. We are not convinced that the Department of Water Resources (DWR) bond ratings depend on killing direct access. This notion is a scare tactic and a smoke screen. Direct access comprises such a small percentage of overall demand that it cannot reasonably be seen to be a threat to the sale of the bonds. Direct Access should be seen as a benefit to DWR. It would decrease the amount of the utilities net short obligations and relieve DWR from its power purchasing responsibilities sooner. Something else is going on here. We think that the DWR does not want direct access because if the public is presented with alternatives, it will make DWR's purchasing mistakes abundantly clear. The Commission should be holding hearings to test the assertions being made by DWR, Finance and the Treasurer. Instead, the Commission is making an ill informed, panicked decision to act now and study the repercussions later. DWR and the bonds should not be threatened by direct access if DWR is making prudent energy purchases. Only if DWR's contracts are too expensive, relative to market, will customers seek shelter in lower direct access prices. Indeed, retaining direct access as a way to send price signals to consumers may be the only way to place pressure on DWR to make more prudent purchases. This is a very important consideration since AB 1X prevents us from engaging in any prudency review of the DWR costs to be passed through to ratepayers in order to repay the bonds. If there is no yardstick, how can anyone measure DWR performance? The answer is, one can't, unless SB 18xx is signed into law. We think that additional review of these issues, before suspending direct access, would have produced a more sound decision in the long run. For these reasons we must respectfully dissent. /s/ HENRY M. DUQUE /s/ RICHARD A. BILAS Henry M. Duque Richard A. Bilas Commissioner Commissioner September 20," dasovich-j,"Edison did not bring up the refund issue at all (doesn't mean that they won't, though). Agree on the AB 1890 issue. The clock stops in March of '02." dasovich-j,"In addition, though we are still attempting to confirm, it appears that no windfall profits tax bills will make it through the Legislature. Will report back as soon as we know one way or the other." dasovich-j,"Talked to Pescetti yesterday. Prior to returning my call, he had received the information that Joe Kelliher had already been appointed to the open Republican spot, and therefore understands that there's no longer a Republican seat to run for. We had a good talk. I told him that reinstating DA was the most important energy issue facing California." dasovich-j,Put who up for sale? Coastal? Really? Why? dasovich-j,"Steve: Here's our assessment of Wright's performance in California. On the plus side: He is generally pro-business, and has opposed bills that threaten economic growth, e.g., he opposed the windfall profits, and related, bills. He sided with the California Assembly Republicans to craft an alternative to the ""MOU"" for Edison that included direct access as a core feature of any MOU. His decision to work with the Republicans helped move the political ""center of gravity""--albeit marginally--more favorably toward direct access in California. On the negative side: In each and every case that Rod has had to make a choice between the market, customers and competition on the one hand, and the utility on the other, he has never waivered in his decision--he always put the utility first. Here are three examples (and there are more): 1) During this extraordinary session, he sponsored a bill that would have explicitly created a ""stranded cost charge"" for utilities. Yet by most accounts, Californians have already paid off the utilties' stranded costs. How many times must Californians pay? We worked with consumer and business groups to oppose the bill. 2) In the ""alternative MOU"" that Rod worked on with Republicans, the Replicans told us that Rod insisted on suspending Direct Access until January 1, 2003--a demand that most believe originated with Edison. 3) Rod sponsored a bill two years ago that would prevent any market participant other than the utilities to provide metering and billing services. Today, this issue is less important to us, but it was very important to us at the time, and Rod remained unswervingly in the utilities' camp, despite our efforts. Hope this helps. If you need any other information, just let me know." dasovich-j,"Is there any question? I'll leave to Steve to structure the deal. As I recall, Montavano, Shapiro and I usually make up one team, but I'm willing to switch around a bit." dasovich-j,Check this out. I want to get any comments you might have before I sent it around. dasovich-j,"FYI. Pretty good letter from large customers urging the PUC to vote down the rate agreement between DWR and the PUC. With Loretta announcing today (and signaling to the Republicans on the Commission) that she'll be voting no on the rate agreement tomorrow, it looks like Davis and Angelides are in for a bad day. Sort of chokes you up." dasovich-j,Super. Dave will get back to you with the details. Thanks for your help. dasovich-j,hey LOL: please tell leeeen that you're faxing it. thanks. dasovich-j,Obviously worth the time. Great letter. Thanks for sharing... dasovich-j,"Jim: Thanks for getting people together. There are (at least) 3 things going on here: 1) Coordinate PG&E/SCE 2) Edison ""meet and confer"" (on Monday? sez Williams) to discuss the prehearing conference at the PUC on Nov. 7th. 3) Edison meeting to discuss settlement of PX credit that Fielder's coordinating. 2 and 3 are, of course, extremely related. It is critical that gov't affairs (you or me or both) be completely involved in items 2 and 3 above, and frankly, i think that one of us needs to be at the meeting. No finger pointing, but our litigation strategy with edison thus far has been wanting. We have a number yet for the call?" dasovich-j,"FYI. Note discussion of Ed, Enron and the 21st Century Energy Project at end of article." dasovich-j,I think Sanders has always thought that the Reliant deal offers sufficient protections. Not sure that Kirby and Gibb agree. We'll have to wait and see. dasovich-j,there's a movie that Grisman's daughter did about Grisman and Jerry and bluegrass that opens at the embarcadero on wednesday. might be worth checking out. dasovich-j,"Please forward along to others I may have missed but need to know: The Commission held a hearing this afternoon to discuss the need for hearings on issues surrounding the DA suspension. With minor exceptions, the utilities told the Commission that the Commission didn't need to conduct hearings, and that the Commission could just go forward with implementing the suspension and assess exit fees. The utilities said that hearings could be held ""sometime later"" to determine the exact level of exit fees and how the utilities ought to calcualte the PX credit going forward. A large group of business customers and suppliers disagreed strongly and made a very good case for hearings. There were lengthy arguments in front of the judge, at the end of which the judge decided that it would useful to hold another prehearing conference. The next hearing will be on Dec. 12th. The judge wanted another hearing to permit folks to have the opportunity to respond to the first round of comments on the issues submitted by everyone last Friday. In sum, there will be another hearing on Dec. 12th to further discuss the need for hearings prior to the Commission making decisions on these issues. At this point, it appears that the judge is leaning toward having comprehensive hearings. Of particular note, at the end of the hearing the judge said that he is NOT inclinded to recommend a retroactive suspension of Direct Access to July 1, and that he didnt' think that the PUC commissioner assigned to the case was either. (Worried that he said too much, he then said he couldn't/shouldn't spead for the commissioner.) The judge, and the Commissioner who was at the hearing, went on at length abouth the fact that no one submitted their DA contracts to the PUC (as requested in the document the PUC issued asking folks to submit comments on the issues). Our attorney and the attorneys for suppliers and customers told them that 1) the Commission didn't need to see the actual contracts to get the information necessary via hearings to decide the issues and 2) the Commission doesn't have the authority to ask to see contracts and they ain't likely going to get them without a fight. Though the probability many not be high, there is at least the chance that the Commission may try to subpoena folks to get the contracts. Seems prudent to at least be prepared for the possiblity. Interestingly, Edison made a run at getting the Commission to implement by January 1 its proposal to charge all customers--DA and bundled alike--for Edison's undercollection. The judge (literally) laughed off the request, and then said no. As a result, Edison didn't get the leverage it was hoping for prior to our follow up meeting with them tomorrow to discuss the Negative CTC issue. The judge also gave the DWR representative a pretty good thrashing, e.g., ""why are you here, you refuse to be a party, you refuse to provide info,"" etc. From today's hearing it appears that DWR will come under increasing pressure to open the kimono and have its numbers scrutinized. In related news, Davis has announced that he's asked Sempra to meet to renegotiate their DWR contract and said that he'd thus far met with two other generators in ""serious" dasovich-j,Consider me reminded. Thank you. dasovich-j,"Did anyone else get the attachment? If not, Paul, could you resend? Thanks." dasovich-j,All the very best to you and yours. See on 1400Smith.com. dasovich-j,"FYI. In case you hadn't heard, the "" bailout"" that Edison struck with the California PUC would allow Edison to spend up to $250MM ""to hedge fuel cost risks associated with SCE's Utility Retained Generation and QF and interutility" dasovich-j,"Thanks, Lamar. Geoff, could you let us know how it goes with the customer and if this a mix-up on the customer's end. Thanks very much." dasovich-j,"they're yours! and, it comes with a new car! and a case of turtle wax!" dasovich-j,"Greetings folks. The folks doing the appeal have asked me to inquire if you folks would be willing to sign on. They understand (as do we) that the likelihood of prevailing is slim, but feel that beating the drum is important in continued effort to maintain current DA status and to attempt to preserve it going forward. (DA seems to need all the help it can muster given that Karl Wood and Bob Barnett appear to have control of the issue at the PUC.) Could you let me know either way if you'll sign on. Dorothy, talked to Keith yesterday, who said you'd be making the call on this one. Thanks a bunch." cash-m,"Twanda, could you please detach this attachment and send it to the following email address from my email? I just don't want all the other communications enclosed. We need to cc: Julia Murray. kevin.r.kosub@us.andersen.com. Thanks!" cash-m,"Good morning. David has asked me to summarize a request for data relating to employment agreements, as the company needs to decide whether it will reject or accept those agreements in the bankrupt entities. We also need to decide how to handle agreements in non-bankrupt entities. We will need summaries of all employment agreements in the entire company, broken down by business unit, group, name of employee, term/duration of agreement, and future obligations under the agreement. We will need those segregated as follows: Employees involuntarily terminated in the last 2 weeks. Employees involved in Newco/Trading operations. EEL employees Employees remaining in the Enron estate. Could you arrange for this work to be done (preferably by tomorrow)? I would suggest that someone develop a single format that works for this data and then share it with the others. Thanks!!" cash-m,"Sharon, I suggest that we ask Valeria Hope to investigate the fact situation here and report back to us jointly. What do you think?" cash-m,I got this request a second time. Probably Fran would have the best knowledge of exactly how these people were paid. cash-m,"Will do. I've asked Diane to send you the legal advice we received. I've finalized the template today, and should have a draft out tomorrow (Monday)." cash-m,"Ava, would you please forward this to the IP lawyer who is handling Mark's stuff while he's out? Thanks." cash-m,"FYI, the attached article and story is disturbing and surprising about Southern Company. It also raises an issue that we could face if we are not careful. The article discusses internal diversity studies, which the plaintiffs are using as evidence to support their claims. The company claims that the studies were done by people who did not know how to conduct the appropriate analyses under the relevant legal standards. I have this concern here, as well, when we have people running analyses that do not factor in the legal standards and instead try to interpret data themselves. I would like to talk about how to manage that. Let me know who you think should be included in such a meeting, and I'll set something up. Thanks." cash-m,I don't think that is true. Our waiver does contemplate such a release of claims. I think we should not comment on legal questions and let the terms of our plan and the separation agreements speak for themselves. cash-m,How are we handling others in that group? We must be consistent. Let's discuss. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Thanks! I needed a little levity. cash-m,I woke up and couldn't get back to sleep. Bummer. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"I have had some research done on the issue of what was found on the computers in the Ecoelectrica offices. It looks like the best course of action is to destroy all of the identified materials. Mere possession of these materials is a violation of law. Our outside counsel called the FBI, which said that if the company does not know who put the materials out there, it does not have a duty to report it. We also received advice that the Puerto Rico office of the FBI might be able to assist in narrowing down the possible users to determine who actually was involved. Our outside counsel suggested that we might want to call the local FBI office and talk with a duty agent. The number is 787-754-6000. Given the situation of the possible sale, however, we may choose not to take that route. In any event, if we don't report it, all illegal materials must be destroyed and removed from our systems as soon as possible." cash-m,"I think this looks good. For simplicity, I would use the ethnic codes we have in datamart/sap rather than creating new ones. That makes it easier to populate. One other field to add would be visa status. As with the other documents, I believe that the population of these documents can be done now, with just the blank for ""yes"" or ""no"" for layoff waiting for the rest of the process. You probably will have to run these by the generalist, Valeria or someone in ER team, and the attorneys for the special risk factors column. Be sure and mark this document as privileged and confidential, prepared at the direction of counsel, so that we can protect the privilege of this document if necessary. Thanks." cash-m,"Under the Enron Corp. severance plan, can we provide employees with the opportunity to take voluntary termination in lieu of future involuntary term? One of our offices wants to offer employees that opportunity, with some sort of enhanced benefit if they take it. Your quick thoughts on this would be appreciated." cash-m,Please calendar and print for my files on this meeting. Thanks. cash-m,"Kriste, I believe that all but one of the amendments/bonus memo documents are complete. The only one in question is for Brian Redmond, whose contract we did not have. Jeanie is going to pull the contract in the morning and give it to Twanda. Twanda will prepare the draft amendment and change to the memo and get it to Kriste for finalizing. Then (I hope) we'll be done!!!! Thanks. Michelle PS, the number to the grammar hotline is 713-221-8670." cash-m,"Dear Maaico, Congratulations on the birth of daughter Laura! She looks great -- very healthy and all. It also is great to see how little Bart is growing up. He is a beautiful boy! You must be so happy and proud to have two healthy children. I will send you some fun pictures of my son, Cameron, who has learned to stand on his head -- he is very proud. Congratulations again, and take care. Love," cash-m,"Neil, why not put them under an agreement? That would cover all of these aspects, as well as info re: fees, etc." cash-m,Thanks for the good words. I appreciate your input. cash-m,"No, this is not. I am curious as to how this got to you. I will give it a review and get back with you." cash-m,"Hi, all. On the budget for HR Risk Management (formerly OLER), Cindy told me to keep things flat for next year. I would appreciate seeing the numbers for budget projections and actuals for the group year to date, though. Thanks." cash-m,"Linda, I can't make 10 tomorrow, so go ahead and meet without me. Lunch this week would be difficult, as I'm out Thursday and Friday attending the SW Legal Foundation Labor seminar in Dallas. Would you like to try something next week with me and Lizzette Palmer, my new attorney? If so, have your assistant get with Twanda at 853-9402 to schedule, as Twanda works for both me and Lizzette. Thanks." cash-m,Can you provide some insight? Thanks. cash-m,"Bummer about the flood insurance. Of course, we had it and didn't need it. We also pulled up our rugs, moved furniture, etc. Had we not, the house surely would have flooded. Talk to you next week. Michelle --------------------------------------------------------------------------------------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges. ""Notestine, Kerry"" 06/11/01 08:15 AM To: ""'Michelle.Cash@enron.com'"" cc: Subject: RE: Midwest Generation Thanks for the message. We had about 2 inches of water in the house and we lost most of our flooring on the first floor. Most everything else is ok. No flood insurance because we are not in the 100 year flood plain as you know. Regarding Midwest Generation. I asked around with our Chicago lawyers and did not find out anything. I have made some other contacts and will let you and Jeff Hodge (whom I have met) know if I hear about anything. Kerry E Notestine Littler Mendelson, PC 1900 Chevron Tower 1301 McKinney Street Houston, Texas 77010 713.652.4748 713.951.9212 (fax) knotestine@littler.com" cash-m,Thanks. We're using Weil. cash-m,please begin to prepare this. I've asked her how much. cash-m,"Pursuant to my prior email, here is the draft term letter. I will forward my handwritten comments. Thanks." cash-m,I am not sure I understand the question. Give me a call when you have a chance. cash-m,Nepco is not in br. Let's discuss the charges. M -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"We have confirmed the amounts of the contracts. When I speak of processing, it relates to the processing of the checks/wire transfers." cash-m,would you please handle? Thanks. cash-m,Can you supplement the answer to the visa question? Thanks. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Let's meet with her and anyone else she would like to have attend. Thanks. cash-m,I agree. But we should pay them the 4500. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"David, I think we should remove anything relating to the components of a retention -- i.e., whether it is RS or cash -- and any thing relating to vesting. No way to predict at this time. As I have more comments, I'll send them on." cash-m,"Teresa, The employment lawyer at Littler, Mendelson is named Kerry Notestine. He is in the loop on this and has copies of the relevant agreements. I also will have emailed him my summary of the Bob Henderson agreement, so he is up to speed on where we are going from the employment arena. His number, in case you need an immediate response while I am at NEPCO next week, is 713-652-4748." cash-m,"Pat, I think this isolates the employment-related comments for the Brooklyn Navy Yard transaction. Your comments would be appreciated. Thanks." cash-m,please send to him our consulting services agreement and also the agreement for contract and other services (Diane has the latest form). cc to Carol St. Clare. Thanks! cash-m,"I spoke with her and got this information. We are scheduling her to come in and meet with Mark Taylor, Cheryl Nelson, and others who have information about the position. Molly, when is that interview scheduled?" cash-m,"I got a call from Rome's lawyer, who wants to call the whole thing off because he doesn't think he'll get the money he wants. I told him we were ready and willing to proceed. He was going to call the mediator to see if he could cancel without incurring the mediation fees. So, I'll keep you posted." cash-m,"Kari, this is helpful. Is there any way we can delete the names of persons who no longer are here? Thanks." cash-m,Not a problem if the employee does not date it. The issue of signature by the company that the agreement is not fully executed until it is signed by company. cash-m,"Kathy, Would you please get access to expertfinder reinstated for my group: me, Lizzette Palmer, Twanda Sweet, and Diane Goode? Thanks a bunch!!" cash-m,"We have decided not to make any reps about these plans, since any buyer would not be taking them. However, we have a data room list that specifies what was made available, and the other side is welcome to review most of what is in that room. We remain cautious about releasing employment compensation data and contract information about individuals, but are happy to provide totals of current and future costs under those agreements in the aggregate. Let me know if you have questions. Which deal are you actively working on? Fire or Wind? Do I need to be working on the draft agreement? Thanks." cash-m,"Thanks for the thoughts. We are getting through it. Cameron actually wore his yellow rain slicker, his yellow rain shoes, and his red fireman's hat. So, instead of rain boy, he was a fireman. I must admit that he looked absolutely adorable!! Your bash sounds like it was a lot of fun. I wish I could get Trey to dress up, but he really isn't into that type of thing. We went to the opera Sat. night -- Tanenhouser. Wagner really is uptight, isn't he? Still, I enjoyed it quite a bit -- escaped into the music. I went to a gala last week for MD Anderson Cancer Center. It was amazing. Joan Lunden MC'd. The Houston Symphony provided music. Video from George W. Bush. Speech by GHW Bush. Entertainment by one of the Irish Tenors, Lyle Lovett, Dhianne Carroll (who had a costume change even though she sang only for 20 minutes!), a 300-person chior, all accompanied by the Houston Symphony. It was quite the event. Persons there included the former President Bush and Barbara, James Baker, Alan Simpson, lots of local celebs, and me and my brother (one of these things is not like the other!). Still, we had a great time. So, not all gloom and doom around here. Well, I'd better get back to it." cash-m,"Rick, Nice kudos from Robert. Would you mind keeping Diane Goode in the loop on this. As you may recall, she had done a summary of the legal requirements and sent it on to the generalists. They now are calling her for help, so her knowing what you are doing is essential. Thanks." cash-m,"Eric, As mentioned in my voice mail, Pat McCarthy is the attorney we use for GSP employment matters. I believe that he may be better suited to answer your questions (and may have the time while I am out on vacation next week). His number is 973-966-8117. I have left him a voice mail telling him that you may give him a call, so he will be prepared. I hope that is helpful." cash-m,"I agree -- involve Valeria. You also should invite my new lawyer, Lizzette Palmer. Twanda is her assistant, also. Thanks." cash-m,"Shanna, Botchlett is not interested in mediating at this time. He wants to go for the jugular, I guess. MHC -----Original" cash-m,Hi there!! -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Sure. I didn't read it all but assume it is ok. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,please print all these for me. Thanks. cash-m,Not yet. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Freudian slip, I'm sure. See you tomorrow!" cash-m,"I believe that these involve issues of intellectual property and thus are more appropriately decided by you. In principle, I have no issue with Enron indemnifying Accenture for intellectual property litigation relating to content ownership. On the logo issue, I would have to defer to you and the PR/branding folks." cash-m,I'm still here. It has been very rough this week. Thanks for checking with me. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"sounds good -- I'll send you a standard confidentiality agreement, which also contains a non-solicitation of employees. Michelle Twanda, would you please do a standard confidentiality agreement for this company for my review? Thanks." cash-m,"I have reviewed the contract for Brent. He has a 3-month non-compete after the termination of his employment. Is he planning to honor it? If not, we have to make decisions about pursuing him in court." cash-m,"Rick, would you mind getting on the transition of HRRM functions to the staffing and service center groups? I think that you have the most familiarity with the processes and perhaps could facilitate that taking place next week. Let's discuss." cash-m,"That was my response also. I have no idea. . . . --------------------------------------------------------------------------------------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges. David Oxley/ENRON@enronXgate 06/01/2001 08:24 AM To: Michelle Cash/HOU/ECT@ECT cc: Subject: FW: 2001 AFFIRMATIVE ACTION PLAN HUH?" cash-m,"What do you think? We have a babysitter that night already, although I am sure we could cancel it." cash-m,I am not aware of any. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Fran, would you mind pulling the data for GSP on this. It is strange that we should be paying unemployment rates for GSP, since it is its own entity, separate and apart from Enron. Do you know anything about the other transactions?" cash-m,lizzette has taken the lead on this immigration issue. thanks. cash-m,please print this and file Corporate American Express Cards. Thanks. cash-m,You need more than the 840 for this -- you also need the IT personnel. I'll forward those to Kathy so she can get started. Thanks. cash-m,"We will need to look at our vacation pay practice with Weil to determine whether we can pay out in the future for accrued, but unused vacation. I think we can say that they'll get no less than $4500, but we want to confirm with Weil. Don't know about parking/bus. I think it is regular course, but we may have to change that regular course." cash-m,"Sarah, At this time, I do not believe that this is a legal issue. Mary Joyce, in Executive Compensation, approves all terms and conditions of VP employment agreements. Before we agree to modify any non-compete, there must be buy-in from Mary first. Only then would we consider the request from the legal perspective. Even then, I am not sure that it is a precedent we would want to set for someone under a US agreement." cash-m,"I think we should call it a project bonus, not an incentive bonus, because our annual bonus plan is called the Annual Incentive Plan. Also, we usually use some other language. I'll ask Twanda to send you our standard retention letter." cash-m,"I understand your point on this and agree that someone may try to argue that it is due to them upon signing the offer letter. Our practice and intent has been to pay after they start, and I believe that the letter refers to payment after they start, so there is some wiggle room on the other side. I agree that it is not a ""slam dunk"" on our part, but my view is that the risk is worth not doing anything unless and until we get some sort of demand or claim. We then can cross the bridge as to how to proceed. In the meantime, I am comfortable with this level of risk. Of course, if these folks are ones to whom we are paying any money, then the waiver should address the signing bonus issue. Ya'll let me know if you disagree." cash-m,"Yes, it has. In fact, I gave the same message as you describe below." cash-m,"David, Just a question as to whether Dynegy has been notified that we are amending the contracts of these guys to delete minimum or target bonus and replacing with performance bonus memo? We may want to send a brief email confirming the discussions and their consent so that we have it for our files. Thanks." cash-m,Congratulations!!!! I know you are happy to have that wrapped up. cash-m,Rescinding is what you meant to say. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,The intent is not to include 16b officers. Payments will not be made if termination occurs prior to payment date. I'll get back with you on the other issues. cash-m,"The meeting with Mark Haedicke has been scheduled for 2:00 tomorrow. Kerry, I suggest that you arrive by 1:45, as our security has increased significantly. By copy of this email, I am asking Twanda to call the security console to alert them of your arrival. Please ask for me when you arrive -- extension 36401. We'll meet with Mark and then meet with David Oxley, who runs HR for the company, to discuss your role while I am out and beyond. Thanks." cash-m,"I assume the severance question is only going to former employees, wbut the doctor question goes to both current and former employees. Let me know if the plan is different. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,I think this works. What is the best way to incorporate this into the plan? cash-m,I have not. I'll send a follow-up email today. cash-m,"Go ahead and pose the question, but the answer should be that we don't comment at all on litigation, and that the terms of severance plan and related waivers will govern the situation. We should reiterate that we can't provide with legal advice." cash-m,"Diane, I've left a message for Brian Bloom about this -- would you please follow up, as he either didn't get my message or has not returned my call. Basically, we did an incentive plan for Enron Investment Partners, and now we want to dissolve it. Would you ask him to provide a brief overview via email as to what it would entail? Thanks." cash-m,"Twanda, please print this for me - -I've been having problems when I try to print. Thanks." cash-m,"Unfortunately, no. We have to get those approved by creditors here first. Bummer. Michelle Merry Christmas!" cash-m,who knows. I can't imagine that a customer would somehow owe insurance to the provider's employees. cash-m,Don't give SSNs. I'd suggest giving names only. cash-m,I am working with Mary Joyce on that right now. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Would you please find a copy of this and send to Felicia? Thanks. cash-m,"If he wants it. But I would like a waiver, so I think we should consider some sort of payment. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,I'd send this to sarah and ryan for their database. Ill check around I have a good friend who works there. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"It's greek to me. --------------------------------------------------------------------------------------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges. Hector McLoughlin/ENRON@enronXgate 06/07/2001 09:52 AM To: Norma Yeverino/ENRON@enronXgate, Michelle Cash/HOU/ECT@ECT cc: Subject: FW: Interesting Texas Development regarding FMLA Thanks Norma! Michelle, What are your thoughts?" cash-m,"I am a bit unclear. Are these ready for my final review yet? If so, I will get right on them." cash-m,"Fran, the latest on gp closing is Nov. 15 as a target, but the 30th is more likely. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,"Good day, Diomedes, First, let me say that I am sorry about the delay in responding to your earlier email. I am writing to let you know that the processing of your ECI payments has begun! Because of the significant amount of activity here at Enron over the past few days, it may take a few days to finalize the processing. However, if you have questions about timing, please feel free to call me at 713-853-6401 or Pam Butler at 713-853-6161. Feel free to give me a call if you would like to discuss this matter further." cash-m,"You should indicate that the severance plan is subject to the approval of the Enron Corp. Board of Directors. We do have a plan in place, but we haven't terminated any employees under that plan in the last few weeks. So, we can't say that there is not plan in place righ now." cash-m,These changes look fine to me for employees working in Japan. Thanks. cash-m,"Attached for your review and comment are a letter and a memo in reference to the post-employment limitations of John Ashman. If the letter is to your satisfaction, please prepare for finalization on your letterhead and send to Mr. Loeb. If the memo is acceptable, please initial and give it to Mr. Ashman. Please provide me with a hard copy of both documents. Thanks. --------------------------------------------------------------------------------------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges." cash-m,doesn't this sound divine. . . cash-m,"FYI. I've left him a message that it is ""no problem"" in this instance. But, I know that you were interested in having it reviewed before it went out, so I wanted to let you know what was happening." cash-m,"How does he want to change it? If it is more generous, then I think we should discuss." cash-m,I assume this has been calendared? -----Original cash-m,Yes. Send to me. Thanks. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"I have received an urgent data request from the counterparty for Netco. They want the following asap: Signed copies of contracts for Greg Whalley and Vince Kaminsky (who may not have a contract) Sample signed agreement for a regular trader (presumably give one at vp and above and one below vp) -- I can get this from my files easily Signed sample agreement for an IT person, such as Jay Webb (I think I can get this one as well). They also want the following data for the 838: Name Position/title 2000 total compensation (broken down by base, bonus, etc) Comp for 2001, broken down by base, bonus, etc. (I'd exclude stay bonus in this number) If the person has a contract, what is the future value of the contract Did the person get a stay bonus last week? If so, amount. Date of hire If under contract, beginning and end date of the term of that agreement. They are in a rush for this data, so give me a call and let me know how quickly we can assemble it. Thanks a lot!" cash-m,please print these for me. Thanks. cash-m,"I guess that I would look at this a bit differently. We are not penalizing a person for the cost of obtaining a visa; rather, it is the fact that he did not come through on his accepted offer and start to work for us that is the issue. Does that matter?" cash-m,Would you please send Rob Cole here at Enron a copy of our letter to EEOC for April? He doesn't need any of the attachments. Thanks. cash-m,"This will just be Rome and Enron. Although we believe that most of his claims really are against HMS, his lawyer is claiming that Enron used HMS to defraud Rome. His lawsuit will be against only Enron. Therefore, it makes no sense to drag HMS into this at this point (although they probably will have to be involved in some fashion after suit is filed)." cash-m,"Has this been approved by David Oxley? If not, we can't proceed. Thanks." cash-m,"So, my question goes to the highest bidder . . ." cash-m,"Aaron, does this apply to companies in which we have a large ownership interest, but that may not be a ""subsidiary""? Thanks." cash-m,Never mind on this -- Twanda took care of it. Thanks!! cash-m,please calendar. thanks. cash-m,Go ahead and notify. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Thanks. I'll do an assignment letter formalizing the relationship. cash-m,"You are invited to sit at the Enron table for the Father of the Year luncheon on August 28 at 11:45 at the Hyatt Regency. This event is a delightful one, where there are tributes paid to several ""outstanding"" fathers in the community. Please let me know if you would be able to attend." cash-m,"Kathy, we should go ahead and remove these people. They are employed by WRA, which is in a transition process on a confidential matter. Please remove them. Thanks." cash-m,"Dan, Wayne Perry has issues with the consulting agreement I drafted for him and wants to use a form that you drafted some time in the past. Do you want to pick it up? By copy of this, I am asking Twanda to send you a copy of the agreement we submitted for him." cash-m,Great!! -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"FYI -- I've been reviewing most of the Q&As on the questions raised post merger announcement. I don't think you need to do much, but I wanted you to be aware that this was going on." cash-m,"Unbelievable!! I guess he has sour grapes. We only paid him not to apply for a job -- unfortunately, insults were not contemplated in our agreement. Ignore him." cash-m,please print and file in diomedes christodolou file. thanks. cash-m,"Amy, at your convenience, please give me a call about Walter Coffer's review. Thanks." cash-m,"Mark, I understand that this is a copy of the latest agreement between Enron and Andersen Consulting. I agree that a new master would be a good idea." cash-m,"The minimum number of days should be 21, and they should have 7 days to revoke it. Although the ADEA probably would not apply to A&A candidates, it could be an issue for the rest of the organization." cash-m,No employment claims for gas or power. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"I assume that you are working with Terrie James on this. The answer depends, so we need to be careful about how we answe it. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,"Jo Ann, Can you provide the answers for me? Then I can decide how to proceed with Arthur. Thanks." cash-m,"Pat, I really like that approach. Looks great to me!" cash-m,No risk to non-compete. The payment obligation is one that is independent of non-compete. cash-m,"yea! Great work, Valeria!" cash-m,"No, I know about that one and agree with you that it is critical! I just wanted to know when we were meeting with Shankman." cash-m,"Twanda, please send them hard copies of the invitation for Seyfarth's seminar. Thanks." cash-m,"I'll be out also -- on the cruise, baby!!!! -----Original" cash-m,"I will provide more detailed comments later, but want to clarify that the severance plan has not been adopted by all Enron entities domestically. Similarly, some Enron-owned companies have adopted their own vacation, sick pay, etc. So, we should be careful about the audience for these communications. I suggest getting with Rick Johnson on that issue." cash-m,"The contents of this email are privileged and confidential. Below is a quick summary of the general guidance provided by Mark Stubley during the conference call today. If you have questions, please feel free to give me a call at 713-853-6401. IBEW, Pipefitters, and others have tried to ""salt"" jobs down there in Florida. The business agents will try to get out early and visit with the site manager to get a pre-hire agreement, if possible. The business managers will take notes/keep diaries of their conversations with site managers and supervisors, so be aware of that possibility when you are approached by unions. We should keep our own notes of conversations as they occur. Should we designate one person to handle union relations? We should have a very small group of people to have such a discussions, perhaps the HR site lead or the construction site manager would be the appropriate liaisons. That way, we don't have the unions approaching our employees. We have no obligation to have such conversations, but it is a good idea not to be antagonistic with them. Better to be polite, let them know that we are mobilizing the project, but that we bid this work as a merit shop project and will not sign a pre-hire agreement. We should not give them any information about our hiring process or plans. We should tell them that we will be glad to consider their people at the time we are hiring, but that we are not taking applications at this time. We should inform them about how to apply for positions at the site, which will be at an off-site Human Resources office. We also are going to use the state employment offices for clerical personnel, but not for other types because we have not had much success in receiving qualified candidates. There is a need for HR to look at the off-site office before the lease is signed. Other issues surround gating at the facility. How will it be gated? Who will control entry and exits? What about the other ways into the site? How do we prevent persons from using an alternative entrance and then getting into our site to talk with our people? Parking area will be on the other side of the plant. There are roads between the parking gate and the building site. Because of all these issues, we should look at a plat for the site and then look at the gating situation. Back to Mark's suggestions: Be careful of calls coming into the project. Make sure that the receptionist or office manager knows what to say to callers. Those calls should be directed to that site HR lead. Also, should inform those people how to answer questions about hiring plans. E.g., ""Are you hiring electricians out there?"" Those should be referred to HR's off site office. Also, those people should know how to answer questions as to whether we hire union employees. They should refer such questions to HR and not answer them. We will have a script for the receptionist for such inquiries. Be sure to follow the 30-day rule. Also, follow our hiring practices consistently. Ultimately, there will be training for others at the site after more employees are on site, perhaps the last week of October, on union avoidance and other issues. One more follow up item is to make sure that our subcontracts have union harmony provisions. Galen (Millie?) is going to send those to David Lund. David Lund, Michelle Cash, and Mark Stubley will discuss the issue of which local counsel to get lined up in the event that we need someone locally." cash-m,"Valeria, I agree that we need her to execute that note by a date certain. This has gone on too long." cash-m,"The 2 weeks is the amount of years of service, or the amount of 10K increments in salary. The 4 weeks is a premium on top of that amount." cash-m,I don't think we should curtail cause terminations. Others would probably be best to wait unless there is a disruptive situation. cash-m,"In my dealings with Accenture, they have acted as if this is the agreement that governs them. I don't know which Accenture group is involved, however. Either way, I believe that it is time for an updated agreement, with better rates. Have you been working with Global Strategic Sourcing on this?" cash-m,"I'd check with Oxley first. I kind of think they are separate issues, and I am not sure that the whole group needs to see the areas where we may have issues." cash-m,Absolutely! I agree that it would be great for you. cash-m,do you want me to allow them to solicit you? Just say the word. cash-m,Here is what we are hearing. It sounds like it is out of Millie's hands and is up the INS. We'll keep you posted. cash-m,"Sheila, Could you please provide me with PH files and also complete the charts on the following people? Some of them may have left the company, and others may never have been employed. Will you have access to all current/former employees' information? If not, who would? Thanks tons!!" cash-m,"I don't know if you heard, but Kim and I spoke with him, and he is ok with everything. I guess you can consider this one closed, except that I would appreciate it if you would complete a performance review on him and forward it to Kim and me for review and placement in the file. Thanks!" cash-m,"Stewart called me last week for some advice. I had to leave a message for him when I called him back. So, I gave him your names as backup in case he needs immediate assistance. Just wanted you to know that he might be calling one of you." cash-m,"Cole, here are the revisions to the benefit plan q&a doc. I think these are ready to go if these comments are incorporated -- but check with Barrow on them. On your question about being able to put some of them on the web, let's go through which ones can go and which ones need to be further reviewed. Thanks." cash-m,"Diane/Lizzette -- I would say that the background check issue is a business call. They are the ones who require the background checks and the type of background checks. Same with the guarantee language. If there is a change, however, I would make it to the SSD instead of the main agreement. That way, we won't have to live with it for every placement." cash-m,"No, but we have been meeting on this topic. We met early this week and are having a follow-up meeting next week. I will ask Diane Goode to include you by phone, if you want to attend." cash-m,"Pat, please let me know if my email of last night did not go through. I am in the office now 713-853-6401. Thanks!!" cash-m,Neither did I. I just got the comments yesterday. I'll review the issues on the plane today and provide comments. cash-m,"Bob, I am happy for you to handle the Richter matter. Lizzette Palmer on my team has been taking the lead on NEPCO matters, so get with her on details. I'll confirm with David Lund that he has no objection." cash-m,"in general if a person turns down an offer to go to a divested company, it is considered a voluntary termination/resignation. We haven't made that decision here though. As to solicitation of employees back and forth, it will be a negotiated deal term. I can't recall if we put any provision on that issue in the bid template or not. Let me know if you want me to check the latest version Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,Jeff couldn't make it. We'll reschedule at his availability. cash-m,"Who will get them? I am happy to sit down with him in a privileged conversation and discuss those statistics, which I think is the best way to protect the privilege. Otherwise, if it goes to him at his request, then there is no protection if we find undesirable results." cash-m,"Here is a proposed communication regarding severance plan changes. This proposal makes me most nervous. My recommendation would be to let everyone know it has been restated and attach an electronic copy of the new plan, thus letting the plan speak for itself. We then could arm HR with a list of FAQs to address the changes without publishing anything other than the plan to the population as a whole. What do you think? Also, Kriste, we will have to determine the audience for severance plan communication, as not all Enron entities have this plan (e.g., NEPCO). Same thing with vacation." cash-m,"Sure, we could set up an LLC entity to employ those people. They would have issues around payroll and benefits, but those can be handled." cash-m,"Pam, I guess a separate line of inquiry is whether we owe him payments under his employment contract. We probably should get with Castleman this week." cash-m,"FYI, it looks like you are on the way to approval. Until that time, if you have any excess capacity in terms of time, get with Valeria on HR Employee Relations efforts. Thanks." cash-m,"My recommendation would be that we don't comment at all, but let the terms of the Plan and the related waivers speak for themselves. We cannot provide them with legal advice." cash-m,"Yes, do a wire. Her check to IRS will bounce if we don't handle it today. Thanks." cash-m,"yes. I have contacts there, if you want." cash-m,"Rick, I believe that this probably is a duplication of efforts -- almost everyone has emailed me with that information already, pursuant to my prior request. I'll forward those to you for your information. I would like to institute some limitations on training for the group, due to costs and out-of-office considerations, but I have not finalized those recommendations yet. Stay tuned!" cash-m,"I'd like a copy of that, if possible. I think it should state: Confidential and Proprietary -- Not to be Disclosed to Persons Other Than Human Resources and Legal Department. If possible, put it on all documents, as well as the cover of the notebook." cash-m,"Hi, Felicia. As I told Cindy, there is no easy way for me to determine which contracts I have done in the past are for corporate versus other business units. I simply don't organize my documents that way. Instead, I do a numeric list of documents, and the documents are identified by employee name, as opposed to business unit. As of now, I have over 4500 documents on that list. So, I can't easily pull out corporate agreements. I can say that most of the corporate agreements I have done have been for RAC or Finance, so Sheila Walton probably has kept track of them somehow. The others most likely were at VP or above level, so I think they have been captured by corporate comp. I hope that gives you information, even if it doesn't provide exactly what you are looking for. Let me know if you have questions. Michelle --------------------------------------------------------------------------------------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges. Felecia Acevedo/ENRON@enronXgate 05/21/2001 04:09 PM To: Sharon Butcher/ENRON@enronXgate, Kriste Sullivan/ENRON@enronXgate, Michelle Cash/HOU/ECT@ECT cc: Andrea Yowman/Corp/Enron@ENRON, Cindy R Ward/ENRON@enronXgate Subject: Employment Contracts In my new roll in Compensation, I am trying to get comfortable that we have all the Employment Agreements up-to-date in the Corporate Compensation Database so that we can ensure that payments are made in a timely matter and contracts are looked at for renewal in the same timely manner. What would help us tremendously is if we could get copies of all the contracts you produce for Corporate employees both VP and above and below VP so we can make sure they are entered into the Compensation Database. Mary Joyce's group enters the VPs and above but Cindy Ward and I are responsible for making their payments under the contracts. Because of this, I want to make sure we have copies and do not miss anyone. As always, your help is very much appreciated! Thanks! Felecia ext." cash-m,"What a delightful and welcome change of pace in my email today! Definitely count us in. We'd love to join you. By the way, do you have Mata Kroger's new phone number? Or, is she still with Comsys? Thanks!" cash-m,"Hello, all. Attached is an invitation from Seyfarth Shaw to attend their labor and employment seminar. It is scheduled for Tuesday, 7/17, and lasts only a half-day. Generally, their seminars are high quality. Plus, the cost is only $50. Let me know if you plan to attend." cash-m,"Unfortunately, I do not think we'll have time for this today, given other critical priorities. I would suggest that the deadline may be slipping in light of other activities." cash-m,"I will, subject to having the opportunity to review it. Thanks." cash-m,"Go ahead and give her a call -- let's get it right, even if it causes a few minutes' delay. If anyone on this email knows how to contact her quickly, then have her give Mike Jones a call asap. Thanks." cash-m,"George, I spoke with Fran about the Leaf River contracts. She indicated that we are waiting for details (names, etc) from Eric Connor. Once we get those, we can generate a draft for review and comment. I understand that Fran has asked Eric for this data. Let me know if you have any questions." cash-m,"We need the following data asap: 1. Number of total employees at all Enron entities broken down by domestic and US 2. Breakdown of those domestic employees by whether they are hourly or salaried 3. Amount of accrued, unpaid vacation balance." cash-m,"Hi Dawn, I am working on a project that requires the review of employment contracts. I do not have signed copies of several Enron Canada agreements. Would you mind faxing them down to me via Twanda as soon as possible on Friday? We are on a Lavo deadline. Thanks. The people are: Chad Clark, Mike Cowan, Paul Devries, Eric LeDain, Chris Dorland, John McKay, and John Zufferli (only if he signed the one we did for Enron Canada for him-- I have the ENA one dated 12/24/99). I appreciate your assistance. Please call Twanda before the fax arrives, as it is a central legal department fax and not a private one. Thanks a lot!!" cash-m,please draft. thanks. cash-m,I agree. No offer. Let him pursue his claims with everyone else. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Would you please send Janice Priddy the blank short form? Thanks. cash-m,From whom? -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Twanda, will you please handle this? Add the inserts for the various items." cash-m,"Donna, I think this falls in your court. Let me know if it should be handled elsewhere. Thanks." cash-m,"Ryan, I think we should have some draft answers for these -- get with the MAD team to see what kinds of answers we have given in the past on these types of questions. Thanks." cash-m,"I can't find it on my blackberry. I can't remember who sent it, and the ones I've reviewed don't have the info. Why don't you ask Shanna Funkhouser for the details? Sorry about that! Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,"FYI. Let us know if these folks are appropriate to include on our ""critical for litigation"" list. Thanks!" cash-m,"Misha, I haven't yet received the details about the lunch on the 28th. I'm out on vacation the end of next week, so I wanted to try to fill it early next week. Could you forward me the invitation or details? Thanks." cash-m,for my forms files. thanks. cash-m,"Thanks for the resume. This person's background won't work for us -- we need more transactional work experience for them to be successful here, particularly M&A, major real estate, financing, etc. Thanks." cash-m,I'll be there! Do we have a meeting with Shankman for tomorrow? -----Original cash-m,"great, would youplease get this to Janette? Thanks." cash-m,"That is fine, but I do have to get Cameron today, so let Shanna know. Thanks. Mich -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,"I would not want any of our policies to address what is ""unlawful,"" as I believe that is a matter for a court. Instead, our policies should state what we want to have in them, and leave the issue of legality to others. Plus, I wouldn't want any admission of unlawful conduct in our policies." cash-m,"Please note that we do not agree with the terms of the letter attached to the resume. We have provided a contract for review by your company, and that agreement should govern. With that, thanks for the resume. Michelle" cash-m,"Tara, Thanks so much for sending me your friend's resume. He certainly has a strong academic and work history. Unfortunately, it is not Enron's practice to hire attorneys right out of law school. We prefer that our candidates have at least 4-6 years (minimum) experience at a big law firm or substantial corporate law department before they are eligible for consideration here. The rationale is that we have so much to do that we really cannot provide adequate training, which is critical for new lawyers; nor can we take the time necessary to supervise and review work of lawyers who don't have the requisite experience. So, please thank your friend for his interest. If you would like, I would be happy to visit with him about other types of opportunities in the legal profession, from law firms to some corporate legal departments that do hire straight out of law school. Alternatively, he may be a candidate for the Associate and Analyst Program, if he doesn't want to practice law. Call me with any questions." cash-m,"Happy to talk with you about the ADA -- I've actually written two papers on the topic and edited an article in The Houston Lawyer on your very topic (albeit several years ago, which was before the Supremes spoke on the issue). On the Senior Specialist position, I am happy to discuss that with you as well. Please get with my assistant, Twanda Sweet, at 39402 to schedule a time next week to talk." cash-m,"Pat, I am not sure if your email to Kriste went through -- I've forwarded it to her. BUt, FYI, her address is kriste.sullivan@enron.com. Thanks for all your help!" cash-m,The consent form should be kept in PH file. The background check results should be maintained separately. cash-m,No. We think it may be payable as a past expense. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"One other thing -- Texas law will apply to those employees in Texas, as state courts will not allow other laws to govern in employee matters. Oregon is the same. As I re-read, I found more references to vesting or payout dates. Again, these should be more generic or blank." cash-m,It shiuld be cynthia barow instead. I think the benefits info already is in what we sent to katie caplan at weil. Let me know how I can help. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Mary jean. Did you get ok from your partners to publish 401k info to public and employees? PR seems to think that Glen signed off on doing it. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,This looks fine with me. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Today, I received a demand from Art Bieser's attorney. He basically wants a year's pay, plus supervesting of options (which I told him was impossible). I have given Fran a more detailed email with the specifics of his demand. Let me know if you want to know the details. I suggest that Fran and I get together Monday with a proposed response, which we will run by you before responding to the demand. In any event, Art will not be returning to the office at all." cash-m,How much? -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Hi, David! I look forward to meeting with you this week when I visit NEPCO. I wanted to alert you to an OSHA investigation that was served on us here in Houston. Specifically, an employee named Jason Davis claims that he was fired from his job in Jenks because he complained about unsafe conditions there. OSHA has sent a request for information, as it is going to conduct an investigation. Have you heard of this? How would you like to handle it? We can discuss in more detail on Thursday." cash-m,"Diane, there are lots of emails about this topic. Would you please print them and collect them in a file labelled for Tobias? Thanks." cash-m,"Twanda/Diane, I've given the Japanese template to Twanda to revise -- please use the non-VP form and not the form on which I have made the revisions. Thanks." cash-m,"I'd like to have access, but I don't have access to ""O"" drive. Can that be rectified, or is that beyond your role?" cash-m,"I think we have had our release reviewed by NY counsel already, but it might be a belts and suspenders idea to have Drew look at it quickly. I agree with Lizzette's view of the persons who don't sign the release; I believe that they probably have quit. If, however, they rescind their application before termination, it is not a voluntary term. If the situation arises, however, I think we should reevaluate at that time." cash-m,Please save as a MHC document -- I think that some of this will be used for powerpoint for Nepco trip next week. Thanks. cash-m,"Hi, Janel, I thought that I initialed those already. If I didn't, I'll do it when I get back after my vacation next week. In the meantime, go ahead and forward them to the counterparty for signatures on both originals and then have someone at VP level sign for Corp. If I didn't initial, you should get them initialed before giving them to the corporate officer, because company policy requires attorney initials on all legal documents before signature. Once signed, the original goes to the vault; we can take care of that for you. I'll be out next week, but if you have questions, please call Diane Goode, who works in my group. She can either assist you or find someone else who can. Thanks. Michelle --------------------------------------------------------------------------------------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges. Janel Guerrero@ENRON 06/08/01 01:18 PM To: Michelle Cash/HOU/ECT@ECT cc: Subject: Consulting Services Agreement Hi Michelle, I received the two executable copies of the CSA between Enron and KDS Communications. I'm not sure what the next step is. Should I overnight these to Ken to sign and then receive them back and sign on this end and he gets one and we get one? And I'm assuming that no one else in legal has to sign off at this point? I thought Linda Glynn mentioned something about Richard or someone else providing initials??? Just let me know. thanks! Also does legal keep a copy or do we keep the contract with us?" cash-m,Carol. I spoke with lara robinson this morning. She indicated that the indemnities in the contribution agmt covered the matters addressed in this draft and that she was told no more indemnities were to be made. She also wants us to hire everyone who is out on leave immediately instead of having them show up when released. Even if the person never returns due to a conversion to LTD she wants us to pick up responsibility for those employees. Seems unusual to me. Would you please give me a call at your earliest convenience. My number is 713-218-7155. Thanks. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Shanna, I spoke with Per tonight about this. Let's talk tomorrow. Thanks." cash-m,"Go ahead and let them stay until vesting. Please reverse their terminations and see if there is any work they can do until the termination day. If they got the $4500, offset that amount from pay." cash-m,"FYI, I talked this morning with a guy who took the Mexico cruise the week of Thanksgiving last year. He gave me some scoop on the trip. The weather is nice, but wind causes things to be chilly. Lots of good food. One thing -- the cruise ship apparently can be quite rocky and rolly, which can cause some folks to have horrible nausea. You may want to call your pediatrician to get some meds for the kids (and probably call your doc for some meds for you--as I recall, you got awfully seasick on the deep sea fishing boat, although it was when you were having all that trouble with your thyroid). Later," cash-m,I think that the answer is that she will be eligible for the $4500 and will be allowed to continue whatever medical coverage she had elected already until 12/31. Please refer her to the Q&As on the web site for details. cash-m,"Twanda, please pull all emails on this subject matter out of my in box and print for the file. Thanks." cash-m,"please file ""Pam Benson"". Thanks." cash-m,"Ann, I've looked over this list and realized I have no relevant information, so I've forwarded it to Sharon and Kriste, who should be able to help you. Sorry I can't do it myself, but I just don't know anything about the pipes." cash-m,"If it is same as mid-year, then I won't need to look at it. Thanks." cash-m,"Pat, I hope you are feeling well. Kidney stones sound painful!! Take care of yourself." cash-m,"I like that better. When is that meeting? Or, do we want to do that separately outside of the PRC evaluation meeting?" cash-m,"Twanda, would you please print? Thanks." cash-m,"Based on my review of the files, we do not have signed agreements for the following: Tom Alonso* Mark Fischer* Ben Jacoby Laura Luce Mike McDonald Narsimha Misra Dave Parquet Gregg Penman Frank Vickers Andy Zipper Would you mind asking the vault if they have these? If not, could you get with Knudsen to get them? Thanks. (By the way, no one should know why). Thanks a lot!!" cash-m,Get with David Lund. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Twanda, We missed Diane's birthday on Friday -- I can't believe I forgot it!!! I'd like to get cake Monday afternoon." cash-m,I think that we should enforce the agreement. Did he get a signing bonus? If so he probably will have to pay back. He also will have to hnor noncompete. What happened with Brent Price? Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Sarah. Please feel free to call me on my cell at 713-302-5522 or at home at 713-218-7155 if you need to reach me urgently. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Thanks for the info, Karen. Go ahead and keep this in your file regarding Meliza, so that it can be there in the event we need it further. Thanks." cash-m,"I've received advice from Vinson & Elkins on this, which I will send your way. It looks like we can." cash-m,What do you mean by backdating? I think our policy has been to make those current or close to current at the time of signing. cash-m,"Cathy, I have been getting this question a lot! It has been communicated to every employee that if they are in Category 5, they will get a PIP. Therefore, I recommend putting one in place. If you are more comfortable, you can re-name it to reflect goals and objectives for the next review period -- something like ""Performance Objectives"" or something to that effect. Because it has been communicated that everyone will get a plan, we really should follow through." cash-m,"FYI -- He tried to call me today, but missed me. I have returned his call and left a voice mail for him. I'll let you know if we have a chance to visit." cash-m,"That is a close call. Has he already called on the acquiring company? If so, then I would think it would be ok. If not, I don't think that he could contact his friends who used to be at Novarco simply because they were acquired. That, to me, would violate the spirit of the affidavit language, particularly if Richardson still will do business with the acquiring company through Novarco. We could revisit this once the dust has settled after the acquisition to see if that approach still is warranted." cash-m,Am I getting a good package? -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,We need to do assignments for these folks. Thanks. cash-m,"Sure, sounds like a good plan to put the flag in Personic to discuss the time limitations. Other than the specific gas-related folks, I am not aware of a non-solicit of AEP employees. I'll double check to confirm, though." cash-m,I think we should consider this request. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Please schedule me to attend this meeting. Thanks. cash-m,"Vicki, As mentioned in my voice mail on Friday, we have received a lawsuit filed by Michael Lindert against Enron Corp., EESO, and EES, Inc., in which he basically claims that he is due unpaid commissions. He seeks damages of $1 million. Jim Derrick passed this lawsuit to me, but let me know if you want me to manage it on behalf of EES. I have contacted Chicago counsel (for information, not retention, purposes) to determine the answer date, which is 30 days. I do not believe that we have been properly served, however, so we appear to have additional time. The suit was filed 11/1, and we received it sometime last week, via cover letter to Ken Lay from Lindert (rather bizzarre, if you ask me). The law firm representing the plaintiff is not some hack plaintiff's firm; it actually is a blue chip family law firm with a good reputation in Cook County. The case probably should be removed to federal court due to diversity of citizenship. According to the Seyfarth, Shaw lawyers I contacted on Friday, the Circuit Court of Cook County, Law Division is not a place where we would want to be, and federal court is preferable. We have 30 days to remove to federal court. Let me know how you want me to proceed." cash-m,sounds great! I've asked Twanda to set something up. cash-m,"Yes, I should be involved. Have you sent Noel prior information?" cash-m,"Twanda, how can we get these? Can we enlist Knudsen's help? Thanks." cash-m,"I have seen this, but I don't think it should go out. David/Mary/Cindy, please correct me if I'm wrong." cash-m,"I agree also, but I don't know all the parties or complications involved. Should there be a (groan) meeting on this?" cash-m,Please revise accordingly. Thanks. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,please file in Diomedes' file. Thanks. cash-m,"Kriste, did you get this? If not, I think it really works!!" cash-m,"Pat, do you have any insight as to the question below? Bridgeline is a JV between Enron and Texaco. Currently, Enron and Texaco have been assigning employees to work for Bridgeline, with no change in employment status. Most employees rotate back to their ""home"" company within a few months. Now, we are considering spinning off the entire arrangement and creating a separate entity. The assigned employees would be part of the transaction and would become employees of Newco. How does that impact the question below? Thanks!" cash-m,"Pat, what do you think of this? I view it as problemmatic because I believe the grant agreements and the stock plan should govern. Your comments and suggested revisions would be appreciated. Thanks." cash-m,"I like the message and agree that communication is critical at this time. Should we go right out and say that no one will be affected next week (more artfully phrased of course)? I believe that is the right way to go (no terminations Thanksgiving week), so I'd like to go ahead and say it." cash-m,"Robin, Diomedes was not eligible for severance because of outstanding expense reports -- approximately $400K. I know that Mary was involved in this to great detail. Once the expense report issue is clarified, then he would be eligible for regular severance. Mary and Tim Callahan have been coordinating those issues." cash-m,"Pat, would you please give this a look and provide comments? Thanks." cash-m,"Dear Grandmother, So sorry we didn't make it yesterday. We went shopping, and Cameron hurt his finger while he was riding on the shopping cart -- nothing major, but it distracted me so much that all other things left my mind. Oops!!! He had to have a special kind of bandage, but it doesn't hurt him any more, so I think all is going to be ok. So, I apologize for not making it yesterday. Hope all is well with you." cash-m,"Lance, Thanks for passing this message on -- it is good to know what is on the rumor mill, and nobody who knows what I do ever passes those on to me directly! I believe that we should carefully stay away from any statement that cuts are based on mid-year PRC, as that would not be the best legal defense to have. Instead, HR, with assistance from legal, has put forth a matrix for businesses to use in determining which employees, if any, will be affected. Listed on that matrix include factors such as job criticality (which is weighted to be twice as significant as any of the other factors), ability to perform several different types of jobs, business knowledge, leadership, teamwork, and historical performance over the last 18 months. PRC results would not be the sole factor. Otherwise, someone who is the only person who knows how to do a mission-critical job might be affected simply because he rated out lower at mid-year review. That result obviously would be disasterous." cash-m,Ill see what I can find out for you. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Kalen, do we still have the disclaimer on these? I'd like to make sure that it appears on every set. Thanks." cash-m,"I think you should be there, so it can wait until later in the week. Other priorities obviously govern. Thanks." cash-m,We are working on it but in the grand scheme of things it is kind of a back burner issue. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"I think that is right, but I do not have the data to confirm that. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,"We need to talk about that meeting with me, Mike, and John. I do not think it went well at all, but I would like to discuss it with you." cash-m,"Here is a list of EWS labor agreements, from Rick Johnson. Let me know if you require more information." cash-m,"Mark, Attached is a signed version of the Consulting Services Agreement between Enron and Andersen Consulting (now Accenture). Yevgeny Frolov in HR is working on a project whereby Accenture is developing software for Enron. Enron will own the content of the programs, and ultimately, licenses will be sold for the software, with Enron and Accenture sharing the royalty interest. I think that your expertise is needed on this agreement. I will send you a copy of the latest term letter, along with my handwritten comments on the draft. Would it be possible to get your comments/thoughts on these? Yevgeny will contact you directly. Thanks." cash-m,"no, it looked suspicious, so I didn't open it. Fax is 713-646-3490." cash-m,Have we assigned employees to netco? I didn't think we had. In fact I think we were going to move everyone into ena and have them hired by netco after closing. I am on blackberry and missed the end of the talking points. Could you resend? Thanks. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,Would you please handle this? Thanks. cash-m,"Frank, I enjoyed meeting you when I was in Bothell last week. During our meeting, you indicated that you were going to put together a draft of the response to the OSHA charge and circulate a draft on Wednesday. I haven't seen a draft, and I understand that the response deadline is today. Perhaps you were able to obtain an extension, but I hadn't heard of that if you were. Would you please let me know the status? Thanks a lot!" cash-m,FYI -- see what you can find out about this -- perfect opportunity to market OLER's services. Thanks cash-m,"Why does this person need Expertfinder? I didn't get a specific reason from prior emails. If he needs to locate people, shouldn't Peoplefinder do it for him? More information would be helpful in making the determination of whether to allow him access. Thanks." cash-m,"I do not have any of this information -- Cathy, is the Metals plan the same as Enron domestic? If so, then I would suggest that Chris Rahaim participate in this process. Feel free to work with me on it, but I just don't have any data. Thanks." cash-m,Can you and +iane please join me Sharon and Kriste at 2 for a status meeting? Go tob 16. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,perfect! I hope that we can make it!! cash-m,"The good news is, we don't owe a mediation fee, right? Lizzette, I'll give Jack a call." cash-m,"Leslie, I have just learned that the Holland Club event will overlap with this event by about 30 minutes -- St. Nicholas arrives at 10:30, so Cameron probably wouldn't get his gift until 11:00 at the earliest. Also, since it is out in the boonies, it would take a while to get back inside the loop. Would it be possible for us to arrive late? I'd hate to create a disturbance, but I think Cameron would like to attend both things. Thanks!" cash-m,I got this. I assume this is 12:30 Central Time? cash-m,"As we discussed, here is the second set of Q&As. Your comments would be appreciated." cash-m,"No, it should remain the top 25 percent, because it is the top percentage of the criteria, not the peer group. Thanks." cash-m,please print and file in diomedes christodolou's file. thanks. cash-m,"David, Derrick approved the use of Charlie Caulkin. Also, here is info on the Denver lawyer who should review the issues relating to the sharing of employees. Do you want to call him, or would you like me to? Good to see you this week." cash-m,No. Sounds right. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"We are working on this issue this week by meeting with Joe Dilg and putting forth a summary memo of the history of the situation, the pay requirements under the contract, and recommendations of how to move forward. That will be done this week, and everyone on this email will be copied on it." cash-m,Here are my comments. Thanks. cash-m,"No. I believe that the answer will be to destroy the materials, but I am double-checking the research on that this afternoon. Thanks." cash-m,"Maureen, as soon as I receive anything, I'll forward it on. I am working on it and have been since yesterday." cash-m,This is great! Thanks for the info. cash-m,"David, Late last week, I received a call from Kristen Kracraft, who does employment law at Dynegy. She indicated that they would like for there to be a protocol for how to handle things if there is a desire to allow the hiring of employees from Dynegy to Enron or vice versa. Of course, such hiring would have to be coordinated at the top of the company to avoid any type of free-for-all. At a minimum, I would think that you and Andrea Lang would have to be the ones who make the decisions. With that thought, I have asked Tim O'Rourke's team to work on such a protocol. In the meantime, Kristen mentioned that one person in Rick Shapiro's group wants to go to Dynegy. She understood that Shapiro had said it was ok. Do you know about that? If not, should you give Andrea a call about it? I am concerned about the floodgate effect, so I believe we should proceed with extreme caution. Let me know your thoughts on this." cash-m,Please save these to a MHC document -- I've got edits. Thanks. cash-m,"Hello, John. I am forwarding this to you at the request of Rob Walls. Let me know if you also would like to have the litigation summary for employment matters." cash-m,"I haven't specifically referenced NuTech in my questions to them. I also probably need to ask the comp committee about these ""tolerable"" conflicts of interest, particularly in light of recent press coverage of Enron. We'll discuss that this afternoon, Nancy, but I am not feeling like we should agree to any of those types of provisions. Yikes!" cash-m,"David, You asked me to provide my opinion about the employment agreement provisions relating to target bonus amounts that are based on performance. The bonus language contained in the majority of the agreements with a target bonus is as follows: ""Provided that Enron meets its earnings targets and provided that Employee is rated within the top 25% of the performance criteria under Enron's annual performance rating system or its equivalent for the calendar year in question, Employee's annual bonus amounts under the Plan for calendar years 2001, 2002, and 2003 (payable in 2002, 2003, and 2004, respectively), shall be based on an annual bonus target of $_____________."" This language does not address a person's performance as compared to one's peers, but instead looks at the number of performance criteria and requires that a person be in the top 25% of those criteria. Thus, if there are only 3 rating categories (i.e., 1, 2, 3, distributed as 10-80-10), then only the people in the top category would be within the top 25/33% of the rating criteria. Given the huge change in our process, however, there is an argument that the above language cannot be applied to the current scheme and that instead, we should look at the top 25% of the peer group, instead of performance criteria, even though that was not the intent of the provision when it was drafted. As a result, I would suggest that the middle category be divided further into either 2 or 3 subcategories (i.e., 2A, 2B, or 2C). That way, persons who fall out in categories 1 or 2A would be eligible for the target bonus. If there is a decision not to break down the middle 80 further, then it would be useful to look at those employees with a bonus target that we think is too high. For those employees, a more conservative approach may be to evaluate them on a scale that is more subdivided than the 10-80-10 breakdown and to document that they fell out in the bottom 75% of the categories under that process. Of course, it goes without saying that we should ensure consistent treatment based on race, sex, national origin, age, etc. in this process. Please let me know if you have any questions." cash-m,"I know, but that doesn't change the fact that we should articulate the standards that we are using -- I know that they use some criteria that are based on solid business reasons, so let's capture them! That way, we at least can explain why we did things." cash-m,I think that ya'll have handled the legal work for these entities in the past. Can you provide Ann with this information asap? Thanks! cash-m,"David, I guess I think that it is not worth the fight these days. I suppose would approve this training, but I think we need to have an understanding w/ Ogletree about travel time, travel expenses, billing rates, etc. They need to understand who holds the purse strings, and I do not think it would be appropriate for them to bill their full hourly rate for time spent on travel given that we could find someone local to do the same training -- or could send me or Lizzette to do it for the cost of travel only. For your information, David, there is nothing magic about the training they are doing. It is standard training that I used to deliver frequently when I was in private practice. Ogletree does not have a monopoly on it. I'll try to call you early this week, now that the other work I have been focusing on may slow down a bit." cash-m,"I would say that we should honor the terms of any sale or acquisition agreement with regards to service bridging. If we agreed to do so, then our records should reflect that service date. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,The answer is no. We can't provide personnel information to anyone outside the company. Not appropriate at any time. cash-m,Yes. I have been working those. After I get all info I wil probably consolidate and give to sharon for keping but I think it make sense forme to consolidate all info on these employees. Thanks. M -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Lance, Kim was here on Friday. I have asked Mark Taylor for his thoughts." cash-m,"Ava, would you please forward this to the IP lawyer who is handling Mark's work? We are looking for a quick turnaround, so if you could ask him to call me asap, I'd appreciate it. Thanks." cash-m,I guess I would delay in responding to this one until we know what the plan will look like. Hate to direct them to current plan if it will be changing. cash-m,"Let's discuss exactly what is involved here -- confidentiality, etc. Thanks." cash-m,"Diane, would you please send Valeria the recent (positive) article on PRC? Thanks." cash-m,"Hi, Jeanie, AAP is in review. McMichael -- we should revise in the next day or so. Bridgeline -- will be out to you tomorrow. Thanks. Michelle --------------------------------------------------------------------------------------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges. Jeanie Slone/ENRON@enronXgate 06/01/01 05:52 PM To: Michelle Cash/HOU/ECT@ECT cc: Twanda Sweet/HOU/ECT@ECT Subject: Outstanding Items Hey guys, Just checking on when the following might be available: -sign off on Affirmative Action plan so that I may have Lavo sign -new agreement for Ed McMichael -Bridgline Assignment Letters for two new employees. With PRC, I'm afraid I will forget these. Thanks for your assistance." cash-m,Dan. I spoke with GP benefits counsel this morning. There are several business issues outstanding. Fran is trying to get with McMahon to get his take on tham. He is at EB where she is doing a Super Saturday. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"Cameron sleeps in a real bed, but would be happy on the floor as well. No more cribs, yea!! Great news about the tix. We easily can have Cam sit on our laps, so no need to get any great seats -- if we can buy bleacher tickets to get him in the door, that works for us. We are so excited!!" cash-m,"Valeria, FYI -- here are kudos from one of your clients! Keep up the good work!" cash-m,"Alan, I understand that you have approved the request below. Is this because they are WRA personnel? Thanks." cash-m,"I have looked at the policy and have no major issue with it, except to the extent that it may be either duplicative or different from policies that Corp. is looking to implement. I agree with Paul's approach on the practice aspect as well as the statement that management will take reasonable steps to look for their unaccounted-for personnel. Paul, it might make sense for you to talk with Robert Jones and David Oxley, who are looking at overall security issues in the wake of the terrorist attacks." cash-m,"Mike, Would you please provide me information on which attorney is handling the NEPCO charge? I would like to obtain information from him and be ""in the loop"" on all legal matters involving NEPCO's employment practices issues. Thanks a lot. I am looking forward to visiting with you in person next week." cash-m,"FYI, I have heard from some folks that business folks think that too many HR people are gone, so I think they may be ok with numbers. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,"This looks fine -- have we released us from any and all obligations that may have arisen before the date the agreement is signed? I don't want there to be any other surprises, so I'd like to include ""known and unknown"" type language here. Also, does the definition of ECT include all parents, shareholders, affiliates, employees, attorneys, etc? Let's be very clear. I'd also like a covenant not to sue signed by both Clonch and his attorneys." cash-m,please calendar. Thanks. cash-m,It might help if I gave you the names! Amy Flores Michael Hinds Chris Loehr Michelle Stroud Joyce Tang Ben Thomason Rudy de la Paz Frank Felicia Thanks! cash-m,I am happy for us to paper the deal. I am not sure that we will be able to guarantee anything special for Scarth in the event of a purchase of the assets -- it will be a deal team decision as to whether they want to impose that requirement on the sale of the asset. cash-m,"I agree with your take. Plus, how will those employees be hired? Is it part of the deal? If so, then we will need to figure out how to document it." cash-m,"Great idea to put this out there. FYI, I have arranged for Jack Wisdom to provide some training on wage and hour law issues in the next few weeks. I'll keep you posted on the status of that." cash-m,How about 9 in my office on 3825? Did you add the sections on what we want newco to do for the employees? See you then. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"I agree, unless some of them have moved from EEL to ENA or vice versa. In that situation, we definitely want to know about it so that the docs can be assigned." cash-m,FYI. We have suspended our neutral reference practice in light of the layoffs yesterday. -------------------------- Sent from my BlackBerry Wireless Handheld cash-m,"You sent this to me, Dan. I have since clarified this with the GP attorneys." cash-m,"Hi, Janette and Diane, Based on my conversations with Mark, we are going to revise this letter a bit. So, hold off on giving them to him until the next round! Thanks." cash-m,"Given that this has not been communciated to current employees, I believe that we should consider whether we want to continue this strategy at this time. It strikes me as something that should be discussed at the management committee level, as that was the group that made this decision last summer." cash-m,"We are planning to attend, although I am going to a networking happy hour at my old firm. I have got to get out there, as you can appreciate!! But I hope to see you at Kari's house. I know Trey and Cam will be there. Michelle -------------------------- Sent from my BlackBerry Wireless Handheld" cash-m,"I am happy to assist, although I think that this is Kriste's world. I've passed this email on to her, and will assume that she has it covered, unless I hear otherwise." cash-m,I don't know. I would suggest that you ask Cynthia Barrow for starters. Sorry I am so clueless. cash-m,"Alan, I got a request from Carey Sloan that we confirm in writing that he was no longer an officer or board member of any Enron entity as of the last date of his employment. Can we do that? If so, who can assist? Thanks." cash-m,"John and Louise , I hope that the sample agreements sent to John earlier were what you had in mind. I have completed all of the amendment and assignment agreements for those persons with the guaranteed bonus. I will hold on to them until you are ready to fill in the blanks. A few of those employees work for Enron Canada Corp. I am not sure if I can transfer them to the other company in light of tax issues. Nonetheless, those are ready, and we can change the new company name if we set up a Canadian entity in the next few days. Let me know if you would like any more information. You can reach me at 3-6401 or on my cell at 713-302-5522." cash-m,Please send the form consulting agreement to Randy. Thanks. cash-m,Thanks. Both of us are still here. You of all people know how hard yesterday was for me. I hope never To have to go through that type of experience again. cash-m,"Claudia, would you please arrange to have these collected? Thanks." cash-m,please print these and file -- AMPS. Thanks. cash-m,"Vicente, What is the status of our litigation in Puerto Rico? Has there been a motion to remand? Is anything scheduled in the next few weeks? Have we received a scheduling order or a notice of Rule 26 hearing? Thanks for the update. Michelle --------------------------------------------------------------------------------------------------------- Michelle Cash Enron North America Corp. 1400 Smith Street, EB 3823 Houston, Texas 77002 (713) 853-6401 michelle.cash@enron.com This message may contain confidential information that is protected by the attorney-client and/or work product privileges." cash-m,"Mike, I have reviewed the NEPCO AGreement to separation pay and release of claims. I believe that there are significant issues with this because it does not comply with the requirements of the Older Worker Benefit Protection Act. I will send you a new waiver form to use. The one you are using is not valid under the ADEA." cash-m,"Hi, Randy. I hope you are doing ok. I thought you might be interested to learn that Victoria Sterling amended her lawsuit to add Enron as a party on Nov. 30. Of course, the claim will be stayed due to bankruptcy, but it is interesting that she finally did it. Take care." cash-m,those were fine -- no changes. I just didn't want to fax them from the hotel due to cost. cash-m,"Let's get with Tommy to expedite it, if you want. L," cash-m,"I'd transfer to ENA effective 1/1. If the people have employment agreements, we will need to assign." cash-m,"Kelly, Do you have members of GSS on this list (I can't tell based on names)? I'll have my assistant get with you on calendaring." cash-m,"What about the change in control agreement for the other person you discussed? I don't think we have seen that. Thanks. Michelle By the way, Fran Mayes and I both will be at the office tomorrow. Please contact us at my office - 713-853-6401. Thanks." cash-m,"Attached is a proposed letter to use when rescinding an offer of employment. I have consolidated drafts done by Fran Mayes and Terry Bosien. If you have other forms that you think work better, please send them our way. I think it will be useful to work from the same document across Enron. Please note that each situation should be handled consistently with others in similar circumstances, and that special care should be taken for those who have quit prior jobs, relocated, or are in precarious visa situations." germany-c,Hey team. I would like to release the Iroq and Tenn capacity for March activity to Boston Gas by the end of the week if possible. Please let me know by Thur morning if I should wait until next week. germany-c,"I can do it but I need to see the invoices in questions. Lee Ann, should we be updating Sitara with this info or do we just need to tell you? Scott, I know last month Kim Olinger was running Sitara reports for ?flash? maybe and trying to correct a few things. I'm not sure what the process is now. Should we continue updating Sitara for transport items? By the way team, Scott is out till next week." germany-c,"Oh yeah, I'm looking good now. I found some 5 year old ""Tan in a Can"" and spread it all over. It caused a small rash in a couple of spots but I brushed those up in the photo." germany-c,Our contact for this is Janice Felton. Her number is 713-267-4210. Please call her on Monday and let her know that ENA wishes to terminate contract 37393 effective 5/31/2002. Ask her what she needs in writing from us then draft it and send it to her attentions. germany-c,"When I look up this contract in Passkey, I show an MDQ of 16,373. We think it should be 4723 with the following primary receipt points. Leg MDQ 800 1228 500 897 Z0 2598 I might be looking in the wrong screen. I am going under contracts/contract" germany-c,"Here are the pic's of my little angle. She's for sale on Ebay for $15,000.00. http://hometown.aol.com/trogg522/myhomepage/index.html" germany-c,Priscilla said Mid American just called her and said they won't pay us until they receive an invoice. Have you pathed this yet? Let me know. germany-c,Would get a folder and make a lable for the following please? I don't know if you are putting supply or market on these lables or not. TDC Energy Corporation Contract germany-c,"HEY WOMAN!!!! What the heck are you doing? I did make it back. I actually came in most of last week. I just get way to bored at home in my tiny little apartment. I have this strong urge to go out and spend money and that's just the wrong thing to do right now. We don't really know much about the New Company right now. I'm actually on the estate team anyway. I sit on 5 with Ruth Concannon, Sylvia Pollen, Robin Barbe, and Kathy Kelly. The rumor 2 weeks ago was that UBS was going to cut 25% of the jobs if they won. I think Victor said that we should know alot more by tomorrow. I think I know of a couple of people that have left; David Jones (black guy in origination - real nice guy too) starts working for TXU in Dallas today, Darren Farmer (Texas Desk) is going to AEP." germany-c,"The End Date on the following Park & Loan contracts has been extended from 9/30/01 to 10/31/01. Contract Deal 37874 1075382 37875 1075388 37876 1075391 37877 1075393 37878 1075407 37879 1075408 I had to create new sitara numbers because the old deal numbers were ""Baseload"" instead of ""Term""." germany-c,"Currently, we are unable to use IT to serve Ogy at Doyle on Transco. I have devised a super scientific method for pricing VNG space for Ogy. Poke all the holes in it you want. Use the following formulas to determine the price to Ogy The higher of St 65 Offer plus $.35 TCO Offer plus $.14 Good" germany-c,Nothing so far. Joe Parks is checking with Bridgeline to see if we can buy gas from them. It was late in the day before PanCanadian called. I don't think PanCanadian will work because they do not have the flexibility to sell different daily volumes over weekends and holidays. I hope we can work out a deal with Bridgeline. Joe or I will be calling them first thing this morning. Yesterday afternoon Tallahassee indicated that they may not need the swing gas for the weekend. germany-c,djunek@aeglobalmarkets.com I chat with him via aol instant messenger. His id there is djunek13. He's not in the office today. your msn doesn't work. germany-c,better try 3 instead. i may leave a little early and I'm off tomorrow. germany-c,"Name Company Number Comment Toby Lester FPL Energy Services 561-625-7020 Small player but they may sleeve some volumes for you. Scott Garrison Entergy-Koch 713-544-4999 I don't think I spoke to this guy. I can't remember. Jim Taylor Reliant Energy 713-207-1482 See note below. Reliant Energy. I would like to talk to Reliat if you want to do something with them. I currently have a cash balance of $228,000 with Reliant. We are going to send them and invoice for $156,000 for sales ENA made to Reliant. That will leave me with about $71,000 and maybe we can do something to work it off. Cinergy will not trade with Enron. Robin Barbe's contact told her they would not trade with us regardless." germany-c,"I spoke with all the following personally about the Trailblazer capacity Kevin at e prime Greg at Dominion Calvin at Select Greg Hood at Oxy Steve at BP The only person I had to leave a voicemail for is Grier at El Paso. His number is 713-420-5673. You may have already touched base with him. If not, you may want to call him on Monday, I will be out." germany-c,"I'm telling you life just can't get any better!!!! We spent our first night together Friday night. Of course we both have colds / allergies real bad so it was a sniffly experience. It will take some getting used to thats for sure. She was trying to set up the kitchen yesterday, bless her pregnant heart." germany-c,Susan just called me and said she is the CAO for ENA and she should be the one to sign off on the wire requests. I didn't know. germany-c,My power cord came in for my spare pc. Would you be able to hook it up? I'm leaving today around 1:30 ish. germany-c,"I need your expertise. If ENA nominated this gas, and I think we did based on what I see in Unify, then we are supposed to pay for it. So I just need to verify with you we TOOK this gas by nominating it. Deal 1143983 on Natural Gas Pipeline Company." germany-c,FYI: Pipeline name change. Not sure who this might impact. At least I don't see any deals in Sitara on this pipeline. There will be a quiz tomorrow afternoon at 4:45 PM. germany-c,"I just spoke with Janelle Shaunghnessy (517-768-2076) at CMS Marketing regarding our March 2002 production invoice to them. The invoice is for the 50,000 dth per day of Michcon Storage gas that we were selling CMS. The total amount is $3,695,975.00. According to Janelle she has not received the invoice yet so I just faxed it to her at 517-768-2110. She said that they should be able to make the payment tomorrow. 1:28 PM, I just confirmed that Janelle received the faxed invoice." germany-c,"little chat on 5/2/02 Never give out your password or credit card number in an instant message conversation. Germany, Chris says: HEY Germany, Chris says: What do you do these days? Driscoll-Ernest, Marde L. says: hold on a sec Germany, Chris says: okiee dokieee Germany, Chris says: or maybe its dookie Driscoll-Ernest, Marde L. says: sorry bout that, i'm scheduling again Germany, Chris says: that's ok, Driscoll-Ernest, Marde L. says: and answering billing questions, volume mgmt, accting....you know, everyone's elses job as usual! Germany, Chris says: back to the old days. I schedule a little gas on Lone Star. Driscoll-Ernest, Marde L. says: i have to nom every day, even on weekends Germany, Chris says: now that sucks Driscoll-Ernest, Marde L. says: tell me about it! Driscoll-Ernest, Marde L. says: how's things with you? Germany, Chris says: doing well, last week i was bored with nothing to do, this week its like a tidal wave. BAM. Germany, Chris says: home life is ok, baby is due may 7th and i get 5 days off to go fishing Germany, Chris says: Wooohoooo Driscoll-Ernest, Marde L. says: you better not go fishing! Driscoll-Ernest, Marde L. says: you'll be in the doghouse big time! Germany, Chris says: you mite be rite about that. Driscoll-Ernest, Marde L. says: are you still involved in a church? Germany, Chris says: she's going to try and breast feed so i don't have to do anything Driscoll-Ernest, Marde L. says: alexa & i just joined a baptist church and were baptised sun night Germany, Chris says: i'm going to st luke methodist on Westheimer and edloe these days Germany, Chris says: Cool. Germany, Chris says: i like baptist Driscoll-Ernest, Marde L. says: jeff moved out sun and he filed for a divorce a couple of weeks ago Germany, Chris says: oh no, i'm sorry Driscoll-Ernest, Marde L. says: we're going to MIM's Driscoll-Ernest, Marde L. says: i love and it and so does lexi Driscoll-Ernest, Marde L. says: it's ok, a big burden has been lifted off of me and lexi Germany, Chris says: are you doing ok? Driscoll-Ernest, Marde L. says: yes Driscoll-Ernest, Marde L. says: he was very controlling and demanding Germany, Chris says: most of us guys are Driscoll-Ernest, Marde L. says: and he didn't like alexa Germany, Chris says: I'm sorry. Driscoll-Ernest, Marde L. says: did you ever get married? Germany, Chris says: nope, i gave her a ring but we are going to wait and see how things work out after the baby comes. statistics show that that method doesn't lead to sucessful marriages very often Driscoll-Ernest, Marde L. says: that's probably a good idea....you can probably relate to why i didn't marry brian now right!? Germany, Chris says: but we will see. Germany, Chris says: yeah but its a litte different. i still think its pretty much my fault - what you and i went through and what Ingrid and I are going through. In you situation i could see where brian was a major problem Driscoll-Ernest, Marde L. says: i knew i didn't love him and i knew that that would not make a loving envirnoment to raise a child. Germany, Chris says: yep, that's what we are gong thru. Germany, Chris says: so are you going to stay way up North? Driscoll-Ernest, Marde L. says: well, just know that if you ever need someone to talk to just let me know. Driscoll-Ernest, Marde L. says: i'm staying there for now, going to hang out and see what happens here, then come 2/03, i can start looking for a job & not limited to just looking in houston any more Driscoll-Ernest, Marde L. says: don't really want to go anywhere else right now but who know's what life will bring! Germany, Chris says: yep, may be time to consider richmond. VA Driscoll-Ernest, Marde L. says: it snows there!!! i don't think i could handle that (or i don't want to have to handle it!) Germany, Chris says: that's true - guess you've had your fill of snow. Driscoll-Ernest, Marde L. says: i just can't handle the cold after being down here so long! Germany, Chris says: hey, maybe you could go to FPL in florida? close to disney and beaches Driscoll-Ernest, Marde L. says: with my retention (assuming we get the $$$!) i might pay off bills and then get a job as a greeter at the wal-mart in conroe! Driscoll-Ernest, Marde L. says: are you in the retention pool? Germany, Chris says: Wooohooo, you must have a good retention. Germany, Chris says: i'm in the lipp pool, i think that's what they call it. Driscoll-Ernest, Marde L. says: do you think we'll see the $$$? Germany, Chris says: You will for sure, don't know about mine though. Germany, Chris says: mine gets real nice if we collect $3Bill, don't know if we are going to collect that. Driscoll-Ernest, Marde L. says: the lipp pool sounds a whole lot more 'vague' Germany, Chris says: yeah, i'm off to lunch chat with you later Driscoll-Ernest, Marde L. says: chow Germany, Chris says: chow - thats funny, i went to lunch with jay blaine, he's going to work contract for el paso starting" germany-c,We may be dining with my brother and Sister in law tomorrow around 6:30 PM. Comments ???? Questions????? germany-c,"Early this afternoon would be fine, say around 1:30 PM. My new location is 06456." germany-c,come on now. YOU NEED THAT COMMISSION!!!!!!!!!!! germany-c,"I am requesting a prepayment of $17,000 to be paid to Reliant for Friday April 18th. Priscilla, let me know when you have the wire ready and I'll come get it OR you can leave it on my desk at ECN0604c. Doug, are you still on 4 in the new" germany-c,"Kathryn (EES Volume Management) and I are trying to determine what the Dominion Pipeline imbalances are from the Appalachian producers for EES. Dominion will not tell us without making a formal request to their legal department. We may have to do that anyway. I'm not sure what this report is called, I just know its on a 2 month lag. I'm also not sure if this report was mailed to us or if we could run it out of Escript (Dominion's EBB). If it was run out of Escript, then someone in volume management should know how to do it and that person could show me. If the report was mailed to us, then I'll have to make a formal request to Dominion's legal department. Don't spend more than 10 minutes trying to figure out how to do this. If the person that handled Dominion is gone, then I'll just go the ""legal"" route." germany-c,"Hey. I went on a company outing to Aransas Pass last week. Left Wed afternoon and got back Friday afternoon. One of the pipelines I deal with has a hunting and fishing lodge down there. It was nice. I caught 2 redfish - both keepers too! The guide would bait my hook and throw it in the water. All I had to do was sit there and look pretty till the fish started biting. I could really get used to that sort of thing. The fishing guide said I should expect to pay about $1,000/ft for my fishing boat. I guess my boat will only be about 4 ft long. Keep looking for my BOAT. Let's see - the ex wife came in from Denver for a wedding Friday night. She stayed with me all weekend. I took her to the airport this morining. Things went pretty well - no romance, just good friends. I introduced her to my girlfriend - we all had lunch together. That was a little odd. Nothing else going on. I'll try to have an update on the legal stuff by Wed. Later Gator." germany-c,Sorry about that. i do so few of these and i just asked andy about it. i won't be doing any deals for anyone elses book in the future. germany-c,"Margaret I've attached the prepayment request. The physical address for the bank is Tennessee Gas Pipeline Company C/O Bank Of America File #96264 840 S. Canal Street, 6th Floor Chicago, IL 60693 The address of the company we are doing business is Tennessee Gas Pipeline Company Nine Greenway Plaza Houston, TX 77046 The person I negotiated the deal with is Andy Armstrong, his number is 832-676-5120. The person at El Paso Corporate Credit (Tennessee is a sub of El Paso) is Julie Baker, her number is 713-420-7446. Eric, Julie at El Paso said the only reason she is requiring a prepay for this small an amount is because her records show that ENA has not paid any monies for anything on the El Paso pipelines, including Tennessee, Sonat, ANR, or El Paso Pipeline. I know that we should have at least paid for the Bear Creek storage on Tennessee." germany-c,"Dominion Oklahoma Texas Exploration & Production, Inc (successor to Louis Dreyfus Natural Gas Corp) is supplying ENA 10,000 dth per day at a Florida Zone 1. This supply is matched up with ENA's sale to The City of Tallahassee. I believe both deals go through March 2013. I prepay Dominion for the supply each month. This morning, I had a voicemail from my contact at Dominion, David Walker (405-749-5240). His voicemail stated that Dominion was terminating their contract with ENA and Dominion would not be supplying any gas effective April 1, 2002. Paul Vrana (713-752-4514) with Jackson Walker is representing Dominion, he prepared the termination letter. Just spoke with Paul (10:55 AM) - he has not spoken with anyone representing Enron but he has worked with Harlam Murphy?? in the past. He will fax a letter to me. Kay, I will leave a copy of the letter in your chair." germany-c,Scott Profitt was looking for your phone number. I gave it too him. I think he misses you. germany-c,I gave it back to my assistant and asked her to cancel it. I have a company cell phone and I don't need a calling card. germany-c,"The CIA had an opening for an assassin. After all of the background checks, interviews, and testing were done there were three finalists...2 men and a woman. For the final test, the CIA agents took one of the men to a large metal door and handed him a gun. ""We must know that you will follow your instructions, no matter what the circumstances. Inside of this room, you will find your wife sitting in a chair. Kill her!!!"" The man said, ""You can't be serious. I could never shoot my wife."" The agent said, ""Then you are not the right man for this job."" The second man was given the same instructions. He took the gun and went into the room. All was quiet for about 5 minutes. Then the man came out with tears in his eyes. ""I tried, but I can't kill my wife."" The agent said, ""You don't have what it takes. Take your wife and go home."" Finally, it was the woman's turn. She was given the same instructions, to kill her husband. She took the gun and went into the room. Shots were heard, one shot after another. They heard screaming, crashing, banging on the walls. After a few minutes, all was quiet. The door opened slowly and there stood the woman. She wiped the sweat from her brow and said, ""This gun was loaded with blanks. I had to beat him to death with the chair."" Moral: Women are evil. Don't mess with them." germany-c,Hey team. I had every intention of being there this morning (even though I was running late) but my daughter was awake and I couldn't resist spending time with her. I'll be there next week. germany-c,"I never know what contract the deal is under but I can confirm the price and the volumes for the following; Deal Counterparty Comment 1192958 Sequent Energy Management, LP approved 1198866 Anadarko Energy Services Company approved 1195770 MidAmerican Energy Company approved 1195777 MidAmerican Energy Company Changed price from $2.05 to $2.02 in Sitara per notes from Sylvia Pollan. 1195767 MidAmerican Energy Company approved 1192959 City of Tallahassee this should be on deal #30534 - part of the long term contract. I don't have access to view the other deals but I'm working on it. I believe I entered the other 2 Anadarko deals in Sitara but either I put them on the wrong desk or they were moved after I entered them because I don't have access to them either. GRRRR. Scott, Margaret, I changed the price on deal 1195777 (Feb 2002 activity) from $2.05 to $2.02. We prepaid MidAmerican $1,158,864.00 for all 3 deals shown above. Not sure who to tell about Sitara changes." germany-c,"I have a bill from Cingular Wireless in my iPayit account. I called Cingular and asked them when this bill was last paid. They said before Dec 2nd. I told them they should cancel the service. Don't know if they are going to do that or not. 8:25 am Per Lisa at Cingular WIreless, this account has been cancelled." germany-c,"Ruth, I SEE YOU ON THE PHONE OVER THERE. Probably with Shemin too! Shemin, I'm sending this to you company email and your Enron email. Do you use the Enron email system? Wade said he just received a call from Gary Novenski? at DRI. Gary was asking Wade if he had any new information. I'm waiting for Steve Stonestreet to call me back so I can learn how to run all of these reports. Wade is making copies of the reports he has to give to Ruth." germany-c,"Hey buddy. I'm looking for a Boston Gas contract and I thought you might have a copy of it. Its the involving 35,000 dth of transport on Iroq and Tenn. Don't look to hard for it but if you do have it, just let me know and I'll come make a copy. Thanks I've already gone through Maureen's desk and she didn't have a copy." germany-c,I entered ($4.9951) x 12dt which should give them a credit on the invoice. I also entered a demand of $93835.00. These items should show up seperate on the invoice. germany-c,"Reliant has indicated that we must use their paper - this point is non-negotiable. Kay, we will not wire any funds to Reliant until we have your approval of the contract. I understand that you are also working on a gas contract with TXU. We need one of these contracts in place so we can buy gas tomorrow morning, it doesn't matter which contract we have in place first. Doug, Phil, Eric, The prepayment that we were going to send to Reliant may be going to TXU instead. We are coming dangerously close to defaulting on the Tallahassee contract. Robin and I are going to work on a prepayment request for TXU after lunch." germany-c,U are here!!!! LUcky me. germany-c,This is what I have so far for Wholesale East TPort. I need to research the rest. germany-c,"Spoke to Carrie at the lawyer's office today. Everything has been signed by Mary and Carrie will mail me the originals to sign. I asked about a termination ont he $1500.00, Joal told Carrie that since we couldn't include it in this agreement since we didn't agree to it in the meeting with Mary. IF Mary agrees, they will prepare and addendum to the original agreement. I've learned a lot and the sooner we are through with this lawyer the happier I will be. BE NICE NOW." germany-c,We negotiated the following discounts on Tenn and TGT Tenn - all discounts are for the 27th only. Z0 to Kinder k#2891 $.1421 Z0 to Tewksbury (Z6) k#2891 $.35 Texas Gas - discounts apply from 26th-30th. SL Pool to Mamou k# T001886 germany-c,I'm at work today and I assume we are going to the boat show tonight. You just let me germany-c,I sent this from home Tuesday night. I'm sending it again because the phone service at my apartment complex is out due to construction so I can't tell if you received it. Thanks germany-c,You were on the phone when I came by so I left the TXU shipper imbalance statement in your inbox this morning before lunch. This is for gas being delivered to the Cleburne plant. germany-c,"FYI, MCV swing activity on Trunkline, not ANR. Monday, March 19th was the last conversation we had with MCV regarding this swing gas." germany-c,That's fine. I don't need AEP. germany-c,I just got to work about 10 min ago. Key Lay has resigned from the Board of Directors. I brought in those chocolate hearts and passed them out to my little group. I told the guys that I DO discriminate because I gave all the guys 1 chocolate and all the girls 2 chocolates. How's your day? germany-c,I don't know if I sent you guys this small humble list of things the baby will need. Its down below with blue web links. germany-c,I'm an estate person. Nobody at UBS wants me. germany-c,I think so. Probably some people in satellite offices too. I heard it was mostly originators and middle marketers. germany-c,The volume on the deal listed below was changed from 6172 to 8240 per day. Please forward to Geoff Storey's book admin. germany-c,I called to hassle you and you were not there. The lady from Mike's party called me today. She wants to show me a couple of houses. What do you think? I told her tomorrow would be4 fine. germany-c,"I have an event that I need to attend tomorrow afternoon so I will be taking the half a day off starting at lunchtime. I will send out a plan of action for Trunkline this afternoon. IF anyone needs me you can page me at 877-498-5497 BUT do not leave a voicemail, I don't know how to retrieve them." germany-c,I just added the PSE&G demand charges on Transco to our capacity worksheet. The net impact is $0 because I'm also showing this as a reimbursement. How should we put this in Sitara. I'm showing a transport demand charge on the capacity deal ticket. How do we get the money back from PSE&G? germany-c,"Pete, I'm following up the voicemail I left you this morning. In our initial discussions you indicated we could do business under an existing GISB agreement between Enron North America and Reliant. However, our legal department believes all of our GISB contracts with Reliant have been cancelled/terminated. Attached is a standard GISB agreement for your review. I understand that you need to send this to your legal department to include any special provisions that may be necessary. Please call me at 713-853-4743 or Eric Boyt at 713-345-7754 and let me know if Reliant Energy Services is willing to trade under this agreement. Thanks Chris Germany Manager, Gas" germany-c,I see that Shemin is out until next week. Since you are becoming a law guru you might know the answer to this question. The following document is an order from the court. Does that mean it has been filed and is in effect now? germany-c,"I am requesting a payment to Dominion Oklahoma (aka Louis Dreyfus) in the amount of $10,334.67. This payment is for gas that flowed in Feb 2002 to the City Of Tallahassee. According to Max Doner, ENA billed Tallahassee for the incremental volumes and Tallahassee paid for the gas. Doug, Drew, I am requesting the payment to be made on Monday, June 17th. I will get the wire request from settlements, attach the supporting documents, get Ed's signature, and leave it with Susan. I assume Susan will pass it on to one of you after she approves it. Is that how the process works these days?" germany-c,"Daniel, these are the notes I took from Friday's floor meeting. Dan Leff floor presentation on Friday March 22nd, 10:00 AM came here 5 years ago, Mechanical enigeer, sold his business FMES in 1997 to EES and been with EES every since. we have about 1,000 people left in wholesale and retail about 800 people in support groups we've lost about 7,000 people since Dec 2nd. 3 things 1. where is the business now we know where we are, where we are going, retention\ pooled wholesale and retail resources figure out how to get the people together we've completly revamped the sr management team target recovery of $6 billion dollars for the estate team, this is not a book value or firesell value. $3 bill in ENA, $1.4 EES $600 mill enron canada.....so forth. stan hortin mike mcconnel looking at packaging deal and assets together to develope a new reorganized company. 2. we are important, the people that is all the difficult times are behind us he understands our urge to leave take a deep breath, think about how what you do will enhance career. retention plan should be presented next week, will be filed next week with the bankruptcy court. creditor's committee has approved the retention plan plan brings substantial amount of money to bear jobs may change email will go out next week detailing plan management will talk to people before next friday about how the overall retention plan will impact us and our coworkers Liquidation bucket - people settleing terminated positions, assets, primarily commercial oriented. Commision type environment. Retention Pool - cetain amount of money is paid on a qtrly basis. Severeance plan - safety net for people not in retention or liguidation bucket. anyone in severance plan will have their monies offset by any monies they recieve on one of the other plans. 3. personal message be positive have some fun get a bounce back in your walk you can be part of fixing it take next year or 2 years to learn and develope. queston: what is the goal of the company we are selling books of business, assets, and substantial amount of backoffice work needs to be done to do the settlements. we are not going to try and develope new business. question: org chart? We should be developing one over the next few weeks. came here 5 years ago, Mechanical enigeer, sold his business FMES in 1997 to EES and been with EES every since." germany-c,let me know how you do. - germany-c,"We are looking for a copy of the agency agreements between ENA and CES, and ENA and CEM. Would you be a sweetie and see if you have copies of the agencies in your files? And if you do, please fax me a copy. humbly yours" germany-c,"Yes maam, she's UBS now. She was just down here too." germany-c,"2 people that need to know are 1. Joan Morgan with Keyspan 617-723-5512 ext 474 2. Robin Almond with Iroquios (her last name may have changed, not sure)" germany-c,Give me your fax number and I'll fax it over. Doug Sewell said he would not pay for it as ENA and I don't know enough about the deal to argue with him. I've pasted in Richard's response is in black below. germany-c,"U forgot to copy you brother. I don't think he did it. I think it just kicked in somehow. Jerry W Germany on 04/23/2001 04:42:57 PM To: Chris.Germany@enron.com cc: Subject: Re: Update Ya'll reckon the old Coot had all this planned so if there was any problem form marriage, family etc, this automatically happened. He probably did this back when he was swapping land with Bertha and did not plan on us having to do this again in the future. MMMM, interesting. Hey did he leave any of the land to me or just you guys??? Chris.Germany@enron.com on 04/23/2001 01:13:03 PM To: wdgermanyjr, Jerry W Germany cc: Subject: Update Spoke to Mary last night. She's doing well and I know you both care. She said Bernie Max was in surgery for 4 hours on Friday to have a melanoma spot removed from his collar bone - not good. She found out about it indirectly somehow. Gerald and Shirley didn't know about the surgery either. I should have an update on our legal issues by the end of the day. I just spoke with ""Wendy"" in the Cherokee County Appraisal District. She said all of Dad's property was transferred to us back in August of 2000. I told her that seemed odd since the property was still in probate. She said that there was a special warranty deed transferring the property to us and that Mary Esquivel had agreed to transfer the property. Don't know how that happened and don't care. She also said that we need to fill out the ag expemtion on both pieces of property. The one I have is for the 31 acres. Don, she will mail the other application to you at P.O. Box 532, Brazoria 77422. She will also mail a copy of the last application Dad filled out. We need to get the completed applications back to them in May (does not have to be May 1). Love you MAN!!" germany-c,"Ed McMichael has signed the agreement. One minor change, I replaced all ""FT-A""'s with ""NET-284"". I will fax a copy to your attention. Also, does this need to be sent to you via over night mail?" germany-c,"It is over with. The addendum may or may not be signed and its a seperate document and I will personally pay for all legal cost incurred regarding the addendum. But the other documents are in route to me, i get it, i sign it, you and donny sign it, i send it back, waaaala!! The lawyer told that once the documents are filed with the courthouse then everything becomes ours (I don't call the lawyer anymore because her time is ""billable"") I don't think its that simple though. What do you think? So what are you doing this weekend? Jerry W Germany on 05/11/2001 07:16:21 AM To: Chris.Germany@enron.com cc: Subject: Re: Legal Stuff Hey, If some where down the line they want to excerise this right, then we worry about it. I say we worry about it for the next five years then let whom ever has a problem with this hire a lawyer for the rest. What you say BUB. Lets just get this over with and move on with life. See Ya. Chris.Germany@enron.com on 05/10/2001 03:58:53 PM To: wdgermanyjr, Jerry W Germany cc: Subject: Legal Stuff Spoke to Carrie at the lawyer's office today. Everything has been signed by Mary and Carrie will mail me the originals to sign. I asked about a termination ont he $1500.00, Joal told Carrie that since we couldn't include it in this agreement since we didn't agree to it in the meeting with Mary. IF Mary agrees, they will prepare and addendum to the original agreement. I've learned a lot and the sooner we are through with this lawyer the happier I will be. BE NICE NOW." germany-c,"Jackie, just wanted to let you know that there is some work on the pipeline in May. I'm not sure of the impact just yet but either I or Kathy Kelly will keep you posted. Thanks." germany-c,"What's the status of my nephew? Is he in Chicago? Has he gone awol yet? Subject: How to Explain Enron to Your Children A variation of a folkloric explanation of economic systems FEUDALISM: You have two cows. Your lord takes some of the milk. FASCISM: You have two cows. The government takes both, hires you to take care of them, and sells you the milk. COMMUNISM: You have two cows. Your neighbors help take care of them and you share the milk. TOTALITARIANISM: You have two cows. The government takes both and denies they ever existed and drafts you into the army. Milk is banned. CAPITALISM: You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income. ENRON VENTURE CAPITALISM: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. P.S. When the sham is finally uncovered, you and the other executives siphon off all the companies assets, freeze the assets of the peons working on the farm, and then tell them that there is no use crying over spilled milk." germany-c,I need access to the following common directory. o:\Gas germany-c,"Ed, ENA - Canada is requesting some pricing information from me on the Boston Gas Tenn Z6 deal. I would like to talk to you before I provide this information." germany-c,I hope I have the right email address. Let me know. germany-c,"I finished all but one. Guess what time I finished???? Oh, and we have until the end of today to finish them." germany-c,"Effective 6/1/2001, please move deal 655067 (sale to NYPA) from ENA - IM EAST TP2 to ENA - IM EAST TP3. Jeanne, effective 6/1/2001, we are going to move the TGT transport from TP1 to TP3." germany-c,I'm going to work out after work today. Should be home around germany-c,"Yesterday David Drapper (sits a few rows over from us and works for EES) asked me what the status was with the Dominion producers. I told him we were still waiting for Dominion to call us back. He said that Sean Holmes told them to ""just pay the producers"". I told David that I wouldn't do anything without knowing what Ruth and legal are doing. Sounds like a little tendency to ""split up"". Just like the old days." germany-c,The deal didn't go thru. sorry about that. germany-c,"Mark, I assume you are the person Sonat will be contacting. Here are some items to consider, 1. Park balance on deal #1222 188,949 dth ( + or - 10,000 dth) 2. Loan balance on deal #1424 (96,000) dth 3. ENA sold Sonat 496,000 dth at $2.885 for Jan 2002 and did not deliver 418,708 dth (+ or - 10,000 dth, related to Item #1) 4. ENA sold Sonat 310,000 dth at $2.955 for May 2002, I don't know if this deal has been terminated or not. Rita, Maria and I are looking for the Sonat pipeline statements for Jan 2002. We have Dec 2001. Would you see if you have those and let one of us know please? Sonat may have stopped sending us statements, but this would answer my volume questions on items 1 and 3. Margaret, could you see if Sonat paid us for 77,292 dth x $2.885 = $222,987.42 for the sale in Jan 2002? I would be very surprised if they did." germany-c,"We have an discount on Tenn, for the 25th only. k#2891, MDQ = 5000, rate = $.30, Receipt point = Z0, delivery point = Tewksbury in Tenn Z6." germany-c,I'm LOOOOOKING!!!! germany-c,"I have requested a wire to Reliant for Thursday in the amount of $30,000.00. Thanks." germany-c,"I just spoke with Theresa Vos. She handles the accounting for these deals and she said they have to do everything outside the system because ENA is not collecting the slaes revenue or making the payments to the suppliers. Joe was very concerned about putting deals in Sitara because he was afraid that we might double bill TXU. There is also a problem with the Feb activity because TXU recorded all the activity as ENA activity instead of Ponderosa Pine activity. It also appears that TXU withholds payments for the smallest indiscretions in the billing too. We can chat about that next week. Sabra, do you know what points Apache/Cinergy and Williams is giving us the gas at? I'd like to see that if possible. Thanks I'm taking off Friday." germany-c,Thanks buddies and buddettes. I may bring yall some scheduler treats if I make it in on Monday. Then again I may just forget but remember I love you all. germany-c,"I think Enbridge is the up and coming company. This job is on their job board. http://www.enbridge-us.com/ THis is their web page and you have to hunt for careers. But I just found this job their. Should we go work for them now or wait until they buy what's left of Enron? Position: Origination Manager Reports To: Director, Marketing Location: Houston, TX Responsibilities: Select employee will manage the current term sales for the company, sell additional services or products to existing customers, and identify and develop new markets for the company's products and services. Duties include: Maintaining and fostering relationships with existing customers, including managing and renegotiating existing agreements, marketing new services and expanding sales to existing customers. Preparing cost analysis to support new marketing agreements and modifications to existing marketing agreements. Providing leads to the Business Development and Asset Teams and providing necessary marketing support in the development of the leads. Coordinating with field operations and scheduling personnel to ensure that the most efficient gas flow is utilized to serve new markets and/or changes in existing markets and supply. Communicating with contract administration and financial personnel to ensure that all new agreements and revisions to existing agreeme Requirements: Qualified candidates will possess a four-year college degree, a minimum of 5 years of progressively responsible experience in natural gas Marketing and a thorough knowledge of all aspects of the natural gas industry. Strong interpersonal and leadership skills and a commitment to customer service. Contact: Enbridge Energy Company, Inc. Human Resources Department 1100 Louisana Suite" germany-c,Just all outstanding unpaid amounts. it mite be easier for me to just go through the file and not worry about the copies since we are on the same floor. I just need you to tell me what is outstandind and what isn't. germany-c,I called your work number and noooooo body anwsered!!!!!!! We are going to lunch with Dan today. germany-c,Ed is asking me if we followed up or if we need to follow up. Please let me know. I am also going to send you an email of the letter we sent to Tallahassee. germany-c,Hey Ernie. I'm checking my emails. I assume you have your anwser and don't need me. germany-c,"Sounds like they are having fun! I lucked out, I have a doctor appointment at 2:15 PM today. This is with my specialist up on 1960." germany-c,"No flying, my brother and I have a pontoon boat. It has a potty on so I think it will work. Next Wed it is." germany-c,"I just sent this to goodell so i wanted you to see what i got for Immer. got a basket with a bunny in it, a big butterfly looking thing, a snickers bar, 2 caramel eggs, a baby binky, a mini mm candy dude - green, a double phone jack. and seperately, a tiger (pooh) hand puppet. phone jack is for me but im putting it in the basket. so im gonna put her pedicure gift certificate at urban retreat in the easter basket. i also got a happy b-day mylar baloon." germany-c,"What the heck are you doing? I know you miss me asking you dumb questions every once in a while. I'm still here, at Enron that is. Maybe I'll call you up and hassle you later." germany-c,When are you coming to town to visit me? What do you do all day? What's going on in the world out there? germany-c,"HEY!!! What's up in your life? My woman is getting bigger every day. I wonder if this little sucker is going to look anything like Duff? We've been living in sin together since the last week of Feb. So far so good but I do like my solitude. I'm thinking about buying a new car. BUT I'm almost always thinking of buying a new car. I drove all the toyota suv's the chevy suv's, nissan and ford. My favorite out of the pack is the ford explorer - GO FIGURE. ITs more comfy for my tush!" germany-c,"I forgot to send this to you on Friday Jerry Buterakos 248-244-9444 This is the turbine job we were talking about last week. Also, Dynegy has Scott Prophit's job poested on their EBB today. Its got your name all over it. I'm going to apply for it too though. http://www.dynegy.com/Careers/Job%20Postings/JobPostings.htm Click on the link above, then select Positions by date. It's a ""Trader"" job posted on the 17th. Thanks for the chat, it helped. chris g." germany-c,"ditto :) See that means I'm like Patrick Swazzie in the movie Ghost. He was way toooo macho to use the love word so he came up with an acceptable alternative. But if I die and I come back to haunt you, I won't be using the word ditto. I'll probably make reference to a Shetlon Pony. That way you will know its me." germany-c,Same as before. We should have another supplier set up by the end of the day. The calculation for the prepay is 2000 dth x $.1221 per dth = $244.20 for gas flow on 2/5/02 on Tenn contract 2891. germany-c,"Judy gave me these names of people that were cut. Keith Taylor Ken Nelson - i don't know him Brenda Crockett - judy's old roomate when she first moved to houston and i know that jim barker was let go. he was from ees, he just went over in oct of last year i" germany-c,"WOOOOOOOOOOOOOOOOHOOOOOOOOOOOOOOOOOOOOOOOOOO FREEDOM!!!!!!!!!! What am I going to do with my time??????? Fishing, sitting around in my underwear, spending money without repercussion, going to the BUFFFFEEEET at Ryans. Heck, I might even make a special trip to Conroe to the best Ryan's in the" germany-c,Guess I won't need you tonight. My woman and I are going to a movie. germany-c,"Jared, Ruth and I are going to go over all the Florida activity tomorrow morning. If no one objects, I will be the lead coordinator on Florida starting tomorrow." germany-c,?? germany-c,What do you guys think about the following set ups for the Egan park and loan contracts? Parking Loaning Pipe Code EGHP EGHP Firmness IT IT Service Type Interruptible Parking Service Interruptible Loaning Service Rate Schedule IPS ILS Term Term Term Contract # EGHP IT Parking - 001 EGHP IT Loaning - germany-c,"Advice from Judy highlighted in black. Trogg 522: you need to go to http://www.amazon.com/exec/obidos/tg/browse/-/540744/ref=ba_tn_hm/103-8519063-9519048 we need advice. jtownse1965: what is it Trogg 522: badies r us jtownse1965: ok ....what kind of advice Trogg 522: see if we missed some important items jtownse1965: ok...i'll go check it out jtownse1965: where's baby stroller, car seat, pac-n-play, high chair Trogg 522: I believe laurie has all of those. but i'll make a not. jtownse1965: you can get car seat that converts to stroller or vice versa jtownse1965: baby walker jtownse1965: sign up for two car seats...you need one for each car...or sign up for the one that you will need in 6months to a year Trogg 522: I need to keep this email and send it to immer when Outlook comes back up. Trogg 522: we really didn't have much of a clue when we were going thru the store. we kept saying, ""i dunno"" jtownse1965: baby swing....that's a lifesaver jtownse1965: did that help Trogg 522: yes it did. i gonna cut this email and send it to immer. she has a list of things that laurie wants to give us. Trogg 522: you know, these expenses can add up pretty quick. you should show that to jared and see what he thinks. Trogg 522: i bet he has a very good idea of what you need for new borns rite now. jtownse1965: i will...he stepped away....will when he gets back Trogg 522: have you been chatting with dan and scott this morning? jtownse1965: that's true...yes, chatting with dan ....keeps updating cash prices jtownse1965: it's freezing up here jtownse1965: baby boppee Trogg 522: i can't do any work without outlook jtownse1965: don't know what" germany-c,"filled internally with some guy whose name i can't remember, it was a southeast orig spot. i went to lunch with jim taylor and malory ????, she knows you. she is from" germany-c,"I am releasing the Boston Gas capacity on Iroquois (k#125008) and Tennessee (k#29667) for April to Boston Gas. I am releasing the capacity prearranged, subject to bid, minimum bid of 100% of max rate with Boston Gas as the prearranged bidder. Bidding will end on Monday, March 25th. Submitted Iroq offer #50169 on 3/21/02 Submitted Tenn offer #29667-6 on" germany-c,"Good thing you mentioned that. I can see that the attachment on this email is different than the one I sent before. I will be sending out another email this afternoon just introducing the ""Enron"" team to each other." germany-c,"we have been selling txu 10,000 day on lone star since the 1st. for tomorrow we are selling them 6,000 instead of" germany-c,"Thanks Max. Per our discussion today I requested 64,000 dth per day from Duke Energy LNG Sales, Inc. I spoke with Carl Haugneland and I faxed him a copy of the attached letter and excel worksheet. Joe, I am mailing a copy of the letter with attachments to you. Thanks." germany-c,"I did submit a request via ""e Request"" - #83213. I didn't know if you wanted to assign other people to do this and I don't know HOW you would do that either. I just asked for everything to cover all the bases." germany-c,Would you check on this when you get a chance. Let me know if I need to yell at someone. Thanks. germany-c,"Tommy, I see you didn't approve my access for AEP which is fine. I only need access to all the Estate desks and I just asked Daniel to give me everything because I don't know where the deals are for the other desk. I didn't know if the Central Desk deals are under Central Desk or one of their many other books. I think I just need Central, East, West, and Texas. But, maybe you can help. My request for the Central Desk needs Darron Giron's approval and he's not in the People Finder. So he's either at UBS or he left the company. Do you know who I should be approving that now?" germany-c,Cash till Williams does a little better. I'm swinging back to pizza now. germany-c,"Current rates and fuels Tenn Comm $.00 ACA $.0021 GRI $.0055 Fuel 1.31% Iroq Comm $.0036 = $.003 - $.0001 + $.0007 ACA $.0021 GRI N/A Fuel .5% Per Iroq's tarrif, they can bill up to 1% fuel. Now we have interpretted that to mean a max of 1% on Zone 1 to Zone 2 and .5% on Zone 1 to Zone 1. Listed below are the actual fuel percentages over the last few months. The Iroq space is Zone 1 to Zone 1. Per Iroq Tariff, General Terms and Conditions, sections 2.27 2.27 Measurement Variance/Fuel Use Factor. The Measurement Variance/Fuel Use Factor shall be the applicable percentage, determined on a monthly basis pursuant to this Section 2.27, to account for and recover lost and unaccounted- for gas on Transporter's system and transportation fuel requirements. The monthly percentages shall be within the minimum and maximum percentages set forth on Sheet No. 4 of this First Revised Volume No. 1 for the applicable Rate Schedule. At least ten (10) days prior to the beginning of each month (Applicable Month), Transporter will publish the Measurement Variance/Fuel Use Factor via its Electronic Per Iroq Tariff, sheet no 4A MEASUREMENT VARIANCE/FUEL USE FACTOR: Minimum 0.00% Maximum 1.00% Iroq Fuel Dec-01 Z1 - Z1 0.50% Z1 -Z2 1.00% Nov-01 Z1 - Z1 0.30% Z1 -Z2 0.60% Oct-01 Z1 - Z1 0.30% Z1 -Z2 0.60% Sep-01 Z1 - Z1 0.50% Z1 -Z2 1.00% Aug-01 Z1 - Z1 0.50% Z1 -Z2 1.00% Jul-01 Z1 - Z1 0.10% Z1 -Z2 0.20% Jun-01 Z1 - Z1 0.00% Z1 -Z2 0.00% May-01 Z1 - Z1 0.00% Z1 -Z2 0.00% Z2 - Z2 0.00% Apr-01 Z1 - Z1 0.40% Z1 -Z2 0.80% Z2 - Z2 0.40% Mar-01 Z1 - Z1 0.50% Z1 -Z2 1.00% Z2 - Z2 0.50% Feb-01 Z1 - Z1 0.50% Z1 -Z2 1.00% Z2 - Z2 0.50% Jan-01 Z1 - Z1 0.50% Z1 -Z2 1.00% Z2 - Z2 0.50% Dec-00 Z1 - Z1 0.50% Z1 -Z2 1.00% Z2 - Z2 0.50% Nov-00 Z1 - Z1 0.30% Z1 -Z2 0.60% Z2 - Z2 0.30% Oct-00 Z1 - Z1 0.10% Z1 -Z2 0.20% Z2 - Z2 0.10% Sep-00 Z1 - Z1 0.10% Z1 -Z2 0.20% Z2 - Z2 0.10% Aug-00 Z1 - Z1 0.20% Z1 -Z2 0.40% Z2 - Z2 0.20% Jul-00 Z1 - Z1 0.20% Z1 -Z2 0.40% Z2 - Z2 0.20% Jun-00 Z1 - Z1 0.01% Z1 -Z2 0.02% Z2 - Z2 0.01% May-00 Z1 - Z1 0.00% Z1 -Z2 0.00% Z2 - Z2 0.00% Apr-00 Z1 - Z1 0.40% Z1 -Z2 0.80% Z2 - Z2 0.40% Mar-00 Z1 - Z1 0.50% Z1 -Z2 1.00% Z2 - Z2 0.50% Nov-99 Z1 - Z1 0.00% Z1 -Z2 0.70% Z2 - Z2 0.00% Oct-99 Z1 - Z1 0.00% Z1 -Z2 0.70% Z2 - Z2 0.00% Sep-99 Z1 - Z1 0.00% Z1 -Z2 0.40% Z2 - Z2 0.00% Jun-99 Z1 - Z1 0.20% Z1 -Z2 0.50% Z2 - Z2 0.20% May-99 Z1 - Z1 0.20% Z1 -Z2 0.50% Z2 - Z2 0.20% Apr-99 Z1 - Z1 0.20% Z1 -Z2 0.70% Z2 - Z2 0.20% Mar-99 Z1 - Z1 0.10% Z1 -Z2 0.30% Z2 - Z2 0.10% Feb-99 Z1 - Z1 0.40% Z1 -Z2 1.00% Z2 - Z2 0.40% Jan-99 Z1 - Z1 0.30% Z1 -Z2 0.80% Z2 - Z2 0.30% Dec-98 Z1 - Z1 0.20% Z1 -Z2 0.80% Z2 - Z2 0.20% Nov-98 Z1 - Z1 0.30% Z1 -Z2 0.60% Z2 - Z2 0.30% Oct-98 Z1 - Z1 0.00% Z1 -Z2 0.00% Z2 - Z2 0.00% Sep-98 Z1 - Z1 0.00% Z1 -Z2 0.00% Z2 - Z2 0.00% Aug-98 Z1 - Z1 0.00% Z1 -Z2 0.00% Z2 - Z2 0.00% Jul-98 Z1 - Z1 0.00% Z1 -Z2 0.00% Z2 - Z2" germany-c,"Here is a little more info in the Tenn/Sonat park & loan deal. The volume is 500,195 dth parked in Bear Creek storage on Tenn contract 15692. It was suppossed to come out on Sonat this month but we never scheduled it. Yesterday, Clarissa Garcia tried to schedule some of this gas for today's gas day. We don't know if Tenn allowed us to schedule it yet. Summary There is only 1 Tenn park & loan deal for 500,195 2 Cgas park & loan deals shown below. We have not scheduled any of the CGAS park & loan deals." germany-c,"Thanks Jeff, This email shows the new TEAM members. GO TEAM!" germany-c,Terry Kain with Keyspan Energy Services is looking for a copy of their contract with ENA. I didn't ask him any questions. I just told him that someone would contact him. His number is 516-256-2611. germany-c,Sorry about the email I just sent at 10:49 AM. Attached is my new schedule reflecting no gas flow on the 9th and 10th. germany-c,"This is my Reliant Energy schedule. I send this to all the people you see below at least twice a week. I'm only doing business with them at one point and they are making money off Enron. But he has agreed to give me a little operational flexibility over the weekends if I need it. I send them a wire every Thursday, unless its like this week where prices ran up and I had to send it on Wednesday." germany-c,I think the pricing should be Trco Index plus commodity plus fuel. It looks like you just have Index plus commodity on the pricing. germany-c,El Paso and Reliant don't have time to talk about right now but I'm also having a problem telling them about the deal because there are too many unknowns. It's not the same as selling parked gas on Sonat. Still working it though. germany-c,"I was getting an error messge until I downloaded something from the IOL Setup & Help tab. Now, I go to http://www.iroquois.com/igts/info/section-frame.html and select ""Transportation"" at the top of the screen. Then I select ""Customer Activities"" from the left side of the screen. And this is where I used to get an error message, now I just get a small symbol - looks like some sort of ""flash"" plug in is not loaded." germany-c,"Hi Paul, I just left you a voice mail. I'm about to leave for the day but I wanted to let you know what I'm looking for. I work on the East Desk at ENA and I'm trying to get copies of the following ENA and EES contracts. These are the firm contracts listed on your ENA and EES notices dated November 29th and November 30th that I don't have. ENA contracts 6020 5085 5072 EES contracts 6115 5916 I appreciate your help. Please call me at 713-853-4743 of you have any comments or questions. Chris L." germany-c,Thanks for the info. I'm looking for a Dominion/Escript ID and password next please. germany-c,"I did take a look at the $139,000 home. This house has been on the market for awhile. The backyard sits next to some big building - that's a bad thing. I have not had a chance to look at the other house - the sq footage seems really small though. Based on what I've seen over the last 8 months, it would take something around $190's - $205's to make me happy and I'm not willing to spend that much right now. Another thing that bothers me is the economy. All I hear about are layoffs. The only industry still booming is the energy industry and we keep streamlining. That's what keeps me from spending the big bucks on a house. Thanks for the info though." germany-c,I love you. You are mine then for lunch on Wed. We can discuss a place later. germany-c,"U are so mean. i'm hurting, wait...........my little heart just broke into tiny little pieces." germany-c,Jared Kaiser at UBS said we should speak with Roger McDonald at Tallahassee and that Pam McCullers (my contact) would be able to give us his number. I just left a voicemail for Pam McCullers - asking for Roger's phone number and title. germany-c,"ENA has an approximate cash balance of $58,000 with Reliant after purchasing the 2,000 dth for tomorrow. Melissa verifed receipt of the $1.7 million wire made last Thursday. THANKS MELISSA!! Let me know if anyone has questions." germany-c,"Sure. I'll be there Monday morning. Ingrid woudl probably like it too. What would you have me do? Mark Gazelli at Cook Inlet told me he had a job for me in LA. Talk about a change in location. I thought that was nice of him to offer though. So what do you think? Wait and see if there is any severance, maybe a job, or activly look for a new job?" germany-c,"Just so you don't forget me. I know its early but I'm interested in coming back. I'm sure you don't know what you will need until after we find out what happened today. Tom Martin was asking me if I would be interested in going to the Texas Desk to take Daren Farmer's place, Daren is going to AEP. I told him I would like to talk to you about the East Desk first. Tom would like an answer by Monday. Let me know. Thanks" germany-c,"Then try AEP in Columbus. They have a big shop and you should know some of the people there. To: Chris Germany/HOU/ECT@ECT cc: Subject: Re: Hello! Thank you for the leads, but I am going to stay here in ""the land of grey winter"", until Todd is ready to move south. That will hopefully be in 2 or 3 years. on 05/01/2001 02:29:53 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: Friday So does that mean that you are cooking fish for me??? ;) Mary Germany, Manager Accounts Payable Payroll Accounting Support (303) 713-2151 fax (303) 846-2151 email -" germany-c,"Kay, I have a conference call with 2 of our outside attorneys at 2:00 PM on Monday so I may not be there. I also sent the first response to Donna Greif, Kevin Brady's manager." germany-c,The ENA counterparty on deal 810054 needs to be changed from ENA - IM ME TCO to ENA - IM EAST TP1. Please change it or unvalidate it and I will change it. germany-c,Do you ever talk to Bob. What is he doing? I want to call and hassle him at home. germany-c,"Hey buddy, this is out of a Duke Energy newsletter. I'll just give you the highlights. Duke Energy acquired Market Hub Partners Storage (MHP) from subsidiaries of NiSource, INC. MHP currently operates 2 facilities. The Moss Bluff facility in Liberty County, Texas, and the Egan facility in Acadia Parish, La. I have never used Moss Bluff, I know it interconnects with Tetco in Stx. I like Egan - it hooks up with ANR, Tex Gas, Tenn, CGLF, and Trunkline." germany-c,Did mine. Need to do one for this person in risk management. I finished at germany-c,"Is there a way I can see the amount of gas on my storage contract on the EBB? I looked yesterday and I even tried the ""help button"" but I couldn't find anything. The contract number is 15692." germany-c,Thanks for writing buddy. Things are going very well on the home front. Things began to improve after you and I had our little chat before Christmas and they have been improving ever since. I really do appreciate it. How's work at Enron? Good question. I started taking my vacation on the 27th. I'm scheduled to be out until the 14th to use up all of my 2001 vacation. I honestly believe some of us will be let go this week or next week. But then its anybodys guess these days too. I do check my emails from home and thats when I got your message. There isn't anything to do at work right now. I guess we should hear something this week. How are things going with you? germany-c,"We have two firm transportation agreements on Tennessee Pipeline. The long term Boston Gas capacity release and a short term contract which expires on 1/31/2002. The monthly demand charge on the short term capacity is $15,200.00. Do we need to reject the short term capacity before it expires? To my knowledge, we did not flow any gas on this contract for December or January." germany-c,"Guess what? The house is unsured through July 21st or 24th or something like that. I went digging through the papers last night and found it. Guess who the Goober was that paid it last year???? me. What I don't have are papers on the Silver Leaf resort thingy. I mean I don't have a stitch. That's ok - I mailed them a letter yesterday. I'm going to try to get a gazillion bucks for it and leave you guys high and dry! Whoooo hooo - Brazil (because of the ladies) here I come!!!!!!!!!! Movies I want to see - Swordfish (John Travolta), The Mummy II, and a new Jet Li (kung fu dude) movie. I'm still looking for a bay boat fella's - about 17-19 ft long with a 70-115hp motor. I'm willing to spend up to $6,000.00." germany-c,"Why don't you guys plan an evening in Houston and I'll show you the trade floor. I really prefer to do it after 5:30 these days. It doesn't have to be this week, I was just thinking about it. Maybe I'll get a free meal off of both of ya!!!!!!!!!! NO - we are not going anywhere afterwards to look at HALF NAKED BRAZILIAN WOMEN WOOOOOOOOOHOOOOOOOOOOOOO! You are both a bad influence on me already." germany-c,"Are they billing us for 530 dth of transport? If yes, then its the VNG desk." germany-c,Congratulations. Of course I won't be able to give you any more candy on valentine's day. But maybe someone over there will take care of that. germany-c,You are my hero. I am going to have a 2 day backup plan just in case Dominion doesn't deliver any gas. germany-c,"I am a proud papa! She's so cute too! What are you doing in CT? I thougt you were in CA? Things are going ok for me. Me and my ""Woman"" (we are not married - yet) are living in an apartment near Kirby and Westheimer. I'm tired all the time anymore - not from staying up with the baby, that's woman's work. I'm reading a Tom Clancy book and I can't put it down." germany-c,hey I'm sorry about your summer vacation not working out. it would have been cool to take all that time off but you wouldn't want to come back now would you? germany-c,"I need to get copies of all the invoices for Dominion for ENA, VNG, and EES for Nov-01 through current please. thanks chris x3-4743 Fax" germany-c,I'm not sure. 9:12 AM - I left a message for Brian Lamb at Columbia Gulf. germany-c,This is my beautiful transport worksheet for Uncle Frenchy. What do you think? germany-c,"The end date on #21 (contract # 58654) is 4/30/2005. The demand charge on #21 and #17 is $3.145 per month. Also, ACA changed from $.0022 to $.0021 on ALL the CGLF transport." germany-c,Looks good to me. First word of second para - Ever or Even? germany-c,I just received a call from Carol Taylor at National Fuel. She told me that contract B00693-038181 was recalled effective 1/1/2002. This was capacity we received from AEC - one of those producer netback deals. germany-c,The baby would be automatically covered for up to 30 days. I would need to get a social security number and then file the paper work. Call 1-800-332-7979 for more information. germany-c,This is what someone created for Sequent. I plan on doing something similar for Reliant and TXU. Call me after you get this and we can chat. germany-c,"I've requested a prepayment for Wed in the amount of $42,000.00 due the rise in cash prices. I've also added a new and exciting ""Summary"" tab to the worksheet. That shows when the wires are made and my summary purchases for the month. One thing I don't have access to is any information that identifies the wire. Jim, Pete, Shawn, let me know if you have anything you would like me to add to this worksheet and go ahead and hit Jim up for a free lunch. That's what I plan to do." germany-c,"You are my hero buddy. And you think I should get married? FYI while everyone else has been stressed out about work, I've been focused (VERY STRESSED OUT) with more personal issues. Every time I ask for some kind of sign, someone comes along and tells me I should get married. Hmmmm. Take care and best of luck to you and the family." germany-c,Now I remember!!! Do you just need IT contracts on pipes with firm transport or it on all pipelines? Who is Rita? germany-c,Was this the last day Tall tood the gas? I bet so. germany-c,"You sure are sweet!! 2701 Revere St #221 Houston, TX" germany-c,Looks like it works. Thanks. germany-c,"In connection with Deloitte & Touche's annual audit of MGAG, Deloitte & Touche is trying to confirm what MGAG has billed ENA for the year ending December 31, 2001. I would normally send this request directly to settlements. However, it is my understanding that all request should be coordinated through you due to our circumstance. If I don't hear from you by 2:30 PM this afternoon, I will send you the 13 page fax I received from Deloitte & Touche and I will give them your name and number as the contact person to comply with their requests. Thanks Chris L. Germany Manager, Gas Trading Phone 713-853-4743 Fax" germany-c,Thanks Ivy. Your end date is correct. germany-c,"When I look at my position manager for TP3 on 1st-4th, its short by 9189. TCO is long by 9189 for the same time frame. Part of the problem is deal 1016655. I can see that the volumes on the deal for the 1st thru the 4th, but they don't show up in Unify. These volumes also do not show up on my P&L. My unaccounted volume on TP3 for September is (36,846 roughly 9189 x 4 days). TRCO Team, would you changed the pathed volume in Unify on this deal for the 1st thru the 4th by 1dt please? I would like to see if that has an impact." germany-c,"Listed below are ENA's pool balances as of 11/30/01 and 12/31/01. From ENA's perspective, I would prefer to terminate the pools effective 11/30/01. That would leave ENA with a negative pre-petition imbalance on Dominion and ENA would not have to pay the producers for December production or worry about selling a positive imbalance in an un-friendly market. However, Dominion will probably not let ENA terminate the pools until 12/31/2001 due to the negative cumulative imbalance. Questions that need to be answered, ** will ENA have to pay the producers for December (possibly January) production if Dominion will not let ENA terminate the pools any earlier? ** how will Dominion handle the positive imbalance if the pool is terminated on 12/31/01 or later? The operations contact at Dominion is Iris King (304-627-3213), she is one of the managers over the operations group. In my opinion, we should terminate the pools as early as possible. 3/5/02 Per Vickie Coen at Dominion ENA Pool Balances as of 11/30/01 12/31/01 Gat North 1,323 2,187 Tran North 0 0 Gat South (26,482) 31,583 Tran South 5,412 8,143 Cumulative (19,747) 41,913 Dom Inside Ferc $3.37" germany-c,"I know. I'm gong to recommend zeroing out the deal in sitara under ""expected volumes""." germany-c,"The prepay to Reliant for Thur April 4th is $37,000. I left the Cash Request on Doug's desk." germany-c,37147 IPP agreement - our pooling contract. 39149 AS agreement - 66917 AS agreement - I think the AS agreements are aggregation supply and I believe the wellhead meters were attached to these contracts to help with allocations and billing. I not 100% sure so I left a message for our CGAS contact to verify. germany-c,I can't get through on the phones. Please call me germany-c,"Hey buddy. Please allocate the followin deals to 0 for the 9th only. My mistake and I will owe you for life. deal 720977, 720959, and" germany-c,"Hey, I was waiting for you at the shark club and you never showed up. I think you stood me up!!!?!?!?!?!?!? What's the deal? Is that how you treat a buddy? I may not show up the next time." germany-c,"Rita, I am mailing you the original Columbia Gas invoices for Feb and Mar and a copy of what I have for December. I don't have the January invoices and I have requested a copy from Jeanne Adkins assistant at Columbia Gas. I will also ask to have these sent to your attention in the future. I gave Maria a copy of everything I'm mailing to you." germany-c,"Sign us up. BUT, I may be WHO KNOWS WHERE sowing all my wild oats with half naked Brazilian women. I don't have that many oats left anyway, it could just be an oat. By the way, Suzanne made a Second Baptist comment to me yesterday when I was talking to Robert. I can't remember exactly what she said but I sure do wish you wouldn't tell her anymore STUFF about us. I finally figured out that her and Jim are very similar. Information is power that they can share with others, even useless trivia information about friends. I don't think either one of them mean any harm, they just can't keep their big mouths shut. I'm off to another wild day of tariff review. Call me when you can, it brightens my day and wakes me up!!!!!!!!!!!!! Later Gator Boo" germany-c,"She has a mostly white one - at least those are the color of the kitty hairs on my clothes. She left his front claws in because she said it was mean to take them out. Of course she gets a little angry when he sharpens his claws on the couch. I figure he will get run over by a car someday and she will be said - I will be sensitive and caring and then she'll get another one. I guess I don't have to tell you that those long distance relationships are kinda tough. Good luck. ""Veselack, Joni"" on 04/23/2001 03:37:45 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: How's your back??? What kind of kitty does Ingrid have?? Rob is fine... we had a little tiff and didn't talk for a week. He went to the LDC forum in Boston. We made up over e-mail today... or at least exchanged apologies. I'm not sure when I'll see him again. Gloria is visiting me next weekend... girls night out. The following weekend Cindy is visiting me. The weekend after that I'll be in Houston for TCO shipper meeting. It has been two weeks since I've seen him. We have a great time when we are together, it just hasn't been very often latetly." germany-c,"Prepay amount for tomorrow is $25,000.00. Thanks Team." germany-c,Good. Glad to hear it. We are going to try and meet at 10:00 this morning. Jared is still in traffic right now anyway. germany-c,Please use bank account number 8188202747 for the wire to Tennessee Gas Pipeline Company (subsidiary of El Paso). Ted with El Paso's corporate credit department said this account number is good. Call me at 713-853-4743 if you have any questions. Thanks Chris germany-c,"Please give Judy Townsend, Scott Goodell, and myself the ability to trade the physical Canadian products. We need to be able to see them on EOL." germany-c,I finally got a response on the wire information. You should be getting a call from Ramona Rodriquez in our Treasury department. Let me know if you don't hear from her. Thanks Chris germany-c,"For gas day 5/7/02, Cinergy/Apache moved 10,000 dth from Sid Rich Cayanosa to Oasis Mi Vida. Oasis Mi Vida is not a Lone Star point but I didn't know it at the time and I sold the gas to TXU at $3.20. No sales were made for 5/8/02." germany-c,"Hey, I'm older than you, therefore my life expectancy is less. So I have much less time to spend QUALITY time with Little Wilbur. I propose that I stay home and be a house husband. You would have a hot (oatmeal) meal waiting for you when you get home. The dog would love you, the cat would love you, I would love you....... What do you think?" germany-c,Heads up. Andy should be putting in a request to increase my volume on k#37877 to germany-c,We have the following Tenn disounts for the 22-26th even though we may not use them. Z0 to Carthage meter #010031 on k#2891 $.1022 plus fuel. Any Z1 or Z0 point to Z6-Tewksbury on k#2891 $.3522 plus fuel. germany-c,"Yep. Guess I'll leave Monday to get there. ""Veselack, Joni"" on 05/08/2001 03:33:19 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: Who is doing Tenn 500/800?? You should know better. You could do a road trip... you're good at driving!!" germany-c,yeah i know. i'm looking at that now. germany-c,I need to go get a beer with Jim for a little while. Is that ok? germany-c,"this is what I expect to be paid out next Tuesday I'm buying all the baseload gas from Reliant Tallahassee 10,000 dth per day x 31 days x $3.57 = $1,106,700 MCV 6,800 dth per day x 31 days x $3.57 = $752,556 I will probably pay NX1 + .05 or so for the Tallahassee gas because I'm buying point specific gas and NX1 flat to -.02 for the Trunkline. I would prefer to be conservative so bump the prices up as you see fit." germany-c,Life couldn't be better. I have absolutly nuthin to do and I'm getting paid for it. Kinda makes for a long day. How are you? Been partying latley? Married yet? How's the dog? Give Steve a big kiss for me!! germany-c,I'm just glad you are working today. Makes me feel good. germany-c,"http://www.energyjobsnetwork.com/home.asp?code=enl Title: Marketing Gas Supply Representative Location: Houston, TX Job Number: Sector: Natural Gas Occupation: Administration / Clerical Education: Bachelors/preferred in Marketing/Finance/Accounting Description: Marketing liaison for Mid-Continent Division Production Operations, Accounting, Gathering, Scheduling, and Contract Administration functions including the following: Responsibility for Well Operator functions - prepare and distribute monthly Co-owner Availability reports, administer wellhead imbalance make-up, maintain WIO market elections in VMS system as necessary. Responsibility for Gas Gathering functions - wellhead receipt / delivery point scheduling and imbalance management for assigned systems. Responsibility for Contract Administration functions - maintenance of wellhead sales pricing, gathering costs, and contractual obligations to royalty owners and taxing authorities. Skills Required: BBA degree preferred (Marketing / Finance / Accounting) Working knowledge of gas producer functions including division order / wellhead settlement / gas supply / nomination processes. 2 years industry experience preferred. Gas pipeline accounting experience a plus. Familiarity with Anadarko Basin area gathering systems a plus. Working knowledge of software applications including Excel, Word, Access, XPRT, and EBBs. Understand and analyze business strategy/objectives, exercise independent judgment, make effective decisions and recommendations with minimal input. Demonstrate high versatility and professional demeanor as changing priorities and job requirements dictate. Strong written and oral communications skills. Contact Information Burlington Resources Esmeralda Galvan Fax:713-624-9498 egalvan@br-inc.com Save to myJobs | Apply For Job Privacy Policy | Legal Statement support@energyjobsnetwork.com or call 1-866-356-2638 on 04/20/2001 11:48:47 AM To: Chris.Germany@enron.com cc: Subject: Teal Info I am so glad you are going. Here is the scoop. Think about your flights and let me know. If you would rather drive w/ Berk and I and another guy that works here, you are welcome!!! But, you know you will never catch as many fish as Judy. She is just amazing. No one can touch her! May 2-4 - Fly to the lodge (Corpus) on Wednesday afternoon or evening (May 2nd). There is fishing on Thursday (all day) and Friday morning. Everyone leaves the lodge around noon on Friday to fly back. Wendesday Flights IAH Flights Flight 2981 Departs 2:30 Arrive 3:42 or Flight 4213 Departs 4:00 Arrive 5:05 Hobby Flights Flight 31 Departs 3:15 Arrive 4:00 Friday Flights IAH Flights Flight 3788 Departs 1:40 Arrive 2:45 Hobby Flights Flight 446 Departs 1:35 Arrive" germany-c,"Ruth, use this as a starting point for the payment to Tennessee. Make sure you copy Magaret Dhont and Rita Wynne on this." germany-c,"A heartwarming story of the advances of women in achieving equality throughout the world. Barbara Walters did a story on gender roles in Kuwait several years before the Gulf War. She noted then that women customarily walked about 10 feet behind their husbands. She returned to Kuwait recently and observed that the men now walked several yards behind their wives. Ms. Walters approached one of the women and said, ""This is marvelous. Can you tell the free world just what enabled women here to achieve this reversal of roles?"" ""Land mines,"" said the Kuwaiti woman." germany-c,Hey! Congradulations on getting that new phone number. I knew you could do it. Would you ask Gerald Gilbert to call me when he gets a chance? My number is 713-853-4743. germany-c,"Oh yeah, whatever you want deal. I am completly indifferent. Whatever makes you happy." germany-c,I think you will be happy with me. I believe I was able to release the capacity for April under offer #50169. germany-c,"You guys need to come see my new building before I quit, get fired or whatever. We moved into the new building over the weekend." germany-c,"Melissa just confirmed that Reliant received ENA's wire last Thursday. Thanks Melissa. Tallahassee requested 0 volumes for tomorrow so our current cash balance is $66,270.00. Thanks." germany-c,I sold my CGLF to Susan today so you dont need to worry about it on Monday. I'm flat CGLF. germany-c,If we are still here that is. ENE is at $7.36 - mood isn't so good. germany-c,"WOuld you double check my NYMX position. I bought another 10,000 day of June at 4.255 after 4:00 PM yesterday. That purchase does not show up in this mornings" germany-c,I got mine marked. Thank you for inviting me you sweet sweet sweet person!!!!!!!!! germany-c,"Congratulations!! I would walk over and hassle your ""MAN"" but I don't see him." germany-c,Ed has signed off on the agreement you gave me yesterday evening. Should I send this straight to Boston Gas's outside counsel or should I send it to Melanie Gray? germany-c,"I'm leaving for the day. All of my notes are on the word document. I just spoke with my contact at Columbia Gas and she suggested that we call Columbia Gas's in-house counsel to discuss the issue. I just update my word document with that information. Steve, you may receive this email before I get to your office. I will hand deliver the following items; 1. The word document attached to this email 2. Copy of the Columbia Gas PAL and FTS rate shedule from their tariff 3. Copies of the 2 PAL's contracts that ENA is trying to utilize 4. A copy of 1 of our FTS contracts 5. Select sheets from Columbia Gas's tariff that apply to Creditworthiness. Ed, I will be in on Wednesday to resolve this issue. Then I will be taking ALL OF MY 2000 vacation until it runs out, which will be sometime during the second week of Jan." germany-c,We are having dinner with Suzanne this Thur if that's ok with you. I think you and I should register at the hospital tonight or tomorrow night if possible. germany-c,"Title: Mid-Continent Gas Trader Location: Houston, TX Job Number: WG-0005 Sector: Natural Gas Occupation: Trading Education: Bachelors/ Description: Reliant Resources, based in Houston, Texas, provides electricity and energy services to wholesale and retail customers in the U.S. and Europe, marketing those services under the Reliant Energy brand name. The company has nearly 29,000 megawatts of power generation capacity in operation, under construction or advanced development, or under contract in the U.S. It is one of the top marketers of both power and natural gas in North America. The company also has wholesale trading and marketing operations and nearly 3,500 megawatts of power generation in operation in Western Europe. At the retail level, Reliant Resources provides a complete suite of energy products and services to 1.7 million electricity customers in Texas ranging from residences and small businesses to large commercial, institutional and industrial customers. Reliant Resources currently is a majority-owned subsidiary of Reliant Energy. Duties/Responsibilities: Responsibilities include reporting and explaining in detail trading positions, mark-to-market evaluations, and profit and loss statements relating to trading activities. Must grow and sustain a profitable natural gas trading book, as well as a natural gas transportation book for the Mid Continent and Chicago regions. Ability to trade illiquid, uncommon points on pipelines for profit and capture arbitrage from fuel switching capabilities. Will also assist the Business Origination and Development group in evaluating projects and structuring products. Must have complete knowledge of futures, structured options, extendables, swaps, and other financial instruments; capacity release and the management and acquisition of pipeline capacity; the transportation system infrastructure; and fuel switching capabilities. Understands mark-to-market and profit and loss reports, technical evaluations and financial modeling. Skills Required: Bachelor's degree required. Must have at least seven years of related industry experience, as well as five or more years gas trading experience. Must be able to participate in a team environment, sharing knowledge with trading and gas control personnel and have the ability to interact with people at all levels within and outside the company. Contact Information mgibbs@reliant.com Privacy Policy | Legal Statement support@energyjobsnetwork.com or call" germany-c,Sorry Troy. I guess today is a bad day. Probably after the 1st. germany-c,"The file you guys sent is July 2001!! Let me know what rates you are looking at. We didn't keep all of them updated and GRI changed effective 1/1/2002. I did make some updates to this file. Also, I only have rates for East Desk pipelines." germany-c,"The prepay to Reliant for Thur April 11th is $22,000. I left the Cash Request on Doug's desk. Priscilla, please leave the wire on my desk in the future. I need to get Ed to sign before it goes to Doug Sewell." germany-c,"I thought we only had cashout, at most 3 times, before this June. I can't remember. I do know that most of the time this plant was not buring like it did in July and August of this year. I say we just keep the dough and go to Mexico." germany-c,"We are still together. But you just wait, there is still time, especially since I went to church twice yesterday and she didn't want to go at all. She's a heathen like you. Jerry W Germany on 05/14/2001 12:02:05 PM To: Chris.Germany@enron.com cc: Subject: Re: Yo Have you an your Woman broke up yet. Normally takes about 2 days after dinner with us. Man the meal and company was excellent. I enjoyed myself greatly. Especially after you picked up the tab. Chris.Germany@enron.com on 05/14/2001 10:44:59 AM To: wdgermanyjr, Jerry W Germany cc: Subject: Yo Looks like we are getting another $5,000.00 from the asbestos settlement. Maybe I should just keep this to myself. I'm so poor and I need so much. Don, why don't I mail this other ag exemption to you and you can fill it out just like the first one you sent in? What mailing address should I use? I'm going to the doctor this afternoon for my allergies. I hate getting old." germany-c,"Melissa Garner verified receipt of the $17,000.00 wire last Friday. Thanks Melissa. Our current cash balance with Reliant is $57,180.00 after purchasing gas for tomorrow. Thanks." germany-c,Here is my little angel. http://hometown.aol.com/trogg522/myhomepage/index.html http://www.growingfamily.com/webnursery/babypage_view.asp?URLID=0U0X1E7K6M The first web site is my aol homepage and some people have a hard time pulling this one up. germany-c,"I'm out Monday, Feb 11th. I'm just cleaning up my apartment, getting ready for the big move. My pager number is 877-498-5497 if anyone needs me or JUST WANTS TO TALK. Do not leave a voicemail on my pager like Eric does, I don't have the code to check voicemails. Robin Barbe will talk to Jim Taylor at Reliant on Monday. Jim Taylor's number is 713-207-1482. We should have enough money at Reliant to cover purchases through Friday of next week. Robin, Christina will let you know if Tallahassee calls on the gas." germany-c,"Job Title: Commercial Manager Location: Houston, TX Business Unit: Duke Energy Field Services Source Code: DRA008840 Responsibilities Include: Responsible for securing natural gas supply through long-term transportation, processing, compression, and production handling agreements. Draft, develop, and negotiate new contracts and maintain existing commercial contracts. Coordinate with various internal groups including reserves, engineering, planning and legal to develop and manage all aspects of new projects from inception to implementation. Direct daily activities of pipeline and plant operations as it relates to commercial activity. Participate and support company efforts in managing interests in partnership activities. Evaluate and pursue pipeline interconnects or pipeline/gas plant acquisition opportunities. Knowledge and understanding of commercial transactions including identifying and understanding market opportunities, risks, and deal structuring. Perform other related duties as business conditions dictate. Minimum Qualifications: Bachelors degree in Business Administration, Engineering, Accounting, Marketing or other comparable degree. Seven years industry experience including evaluating, preparing and negotiating business development opportunities. Must understand and be capable of developing and evaluating economic modeling of projects. Proficient with spreadsheet applications. Excellent communication, interpersonal, and organization skills. Desired Qualifications: Ten years experience in the natural gas or energy industry, including experience preparing, evaluating and negotiating term business development opportunities within the Midstream (gathering and processing) market. Excellent working knowledge of gas processing economics. Knowledge of the natural gas supply grid, particularly offshore, and industry participants. Interested individuals may submit either expressions of interest or resume's to Southern Division Human Resources -- 5718 Westheimer, Suite 2000, Houston, TX 77057 or Fax to 713-627-6617. Interested, qualified candidates may submit an electronic interest form for this position. NOTE: You must enter the source code when submitting your resume. The source code for this position is DRA008840. Equal Opportunity" germany-c,"Leon Payne, Ingrid's boss at Transco is resigning for personal reasons. That kind of came as a surprise to everyone over there. They supposedly have a reorg thing going on over there too. Don't know if that's it or not. The lease at the tower is up ?next year? I think. The new CEO said staying in the tower is their first choice but they want to lease 20 floors instead of 40. If that doesn't work, then they may move West to Beltway 8 somewhere." germany-c,"A.K. is looking for the volumes and dollars on deals ENA has done since March 1, 2002. I would appreciate if everyone would look at my worksheet and let me know if you are aware of something I have not included. A.K. I just includes the spot deals that we have done to support term deals or to liquidate storage/park & loan positions that we have. As I said in my voicemail, you might also be looking for capacity release dollars as well." germany-c,"Steve Stonestreet at CGAS did verify that metered production on CGAS is ""attached"" to the AS (aggregation service) contracts, and from there you would schedule it to a transport contract or into the IPP contract. CGAS and Dominion work very similar when talking about metered production." germany-c,"Harry, I think we finally have everything done on our side. Would you give me your phone number and address and we will mail you the GISB." germany-c,I see there are some processsing charges for CGAS and CNR. Who bills us for these charges? I may need to add another column to my worksheet or at least at the payment amounts to the numbers. germany-c,I purchased 6172 day from the Canadian desk at NFUL Niagara (deal 802218). The price is NX1 plus $.23. The buyer is East TP3. The seller may be wrong. Please forward to Mr. Storey's book admin. germany-c,"mbfleming3: yo Trogg 522: Buddy mbfleming3: hows the week going for you Trogg 522: i'm so so tired Trogg 522: i want to go to sleep in the worst way. mbfleming3: take a day odd mbfleming3: off Trogg 522: no no no, i do like to take fridays off though mbfleming3: fridays would be better mbfleming3: so my job search is over. Trogg 522: yes sir, i mite do that too. REALLY Trogg 522: so whats the scoop Trogg 522: you are going to work for barer rite mbfleming3: going to work for marathon oil Trogg 522: barker Trogg 522: cool, where are they Trogg 522: when do you start Trogg 522: what are you going to be doing Trogg 522: can i tell everyone mbfleming3: one at a time Trogg 522: oh don't worry, i wrote them all one at a time mbfleming3: i meant one question at a time mbfleming3: they are off of san felipe in the galleria mbfleming3: i start next monday/tuesday Trogg 522: how many people are you echattig with at this moment? STOP IT and answer my questions mbfleming3: i was on the phone Trogg 522: oh, ok mbfleming3: i will be starting a new group doing business develp and marketing Trogg 522: can i tell everyone? Trogg 522: or do you want to do that. mbfleming3: you can tell people Trogg 522: so what is your tittttle Trogg 522: New Group? what business are you going to develope? mbfleming3: phone call please hold Trogg 522: grrrrrr mbfleming3: still working on my title. i will be marketing their existing assets and then any discoveries they have looking to find markets for it and also they are wanting to become more marketing oriented as opposed to just trading their existing supply Trogg 522: WOW, you ARE the MAN. mbfleming3: great group. not very biga nd not very fat (very flat org chart) Trogg 522: Well congradulations. I'm sure I'll love having you as a new boss. mbfleming3: what was your name again Trogg 522: shoe shine and car wash boy mbfleming3: well, that means that you will have to come out my way sometime so i can buy you some lunch Trogg 522: Don't you worry. I'll be there. Trogg 522: Ingrid said she was very happy for you. mbfleming3: thank" germany-c,"For the 6th, I borrowed 19,903 dth from EGHP (deal 1158684) and I must pay the all the gas back by Friday (deal 1158685). Since we are borrowing the gas first, we should path this gas on contract # EGHP IT Loaning - 001. Please let me know if you have any questions." germany-c,I believe our new Tennessee rep is Sherry Glazebrook at 832-676-2635. If she's no longer there then call Andy Armstrong in the bid room and he will find out who our rep is. His number is 832-676-5120. Anyone that answers the phone in the bid room should be able to tell us how our rep is. Our rep at Iroquois is Robin Zaleski at 203-925-7274. germany-c,"Job Title: Commercial Manager Location: Houston, TX Business Unit: Duke Energy Field Services Source Code: DRA008840 Responsibilities Include: Responsible for securing natural gas supply through long-term transportation, processing, compression, and production handling agreements. Draft, develop, and negotiate new contracts and maintain existing commercial contracts. Coordinate with various internal groups including reserves, engineering, planning and legal to develop and manage all aspects of new projects from inception to implementation. Direct daily activities of pipeline and plant operations as it relates to commercial activity. Participate and support company efforts in managing interests in partnership activities. Evaluate and pursue pipeline interconnects or pipeline/gas plant acquisition opportunities. Knowledge and understanding of commercial transactions including identifying and understanding market opportunities, risks, and deal structuring. Perform other related duties as business conditions dictate. Minimum Qualifications: Bachelors degree in Business Administration, Engineering, Accounting, Marketing or other comparable degree. Seven years industry experience including evaluating, preparing and negotiating business development opportunities. Must understand and be capable of developing and evaluating economic modeling of projects. Proficient with spreadsheet applications. Excellent communication, interpersonal, and organization skills. Desired Qualifications: Ten years experience in the natural gas or energy industry, including experience preparing, evaluating and negotiating term business development opportunities within the Midstream (gathering and processing) market. Excellent working knowledge of gas processing economics. Knowledge of the natural gas supply grid, particularly offshore, and industry participants. Interested individuals may submit either expressions of interest or resume's to Southern Division Human Resources -- 5718 Westheimer, Suite 2000, Houston, TX 77057 or Fax to 713-627-6617. Interested, qualified candidates may submit an electronic interest form for this position. NOTE: You must enter the source code when submitting your resume. The source code for this position is DRA008840. Equal Opportunity" germany-c,Goodell want phone numbers for the following WIlliams people. Jon Warzel in Tulsa Thomas Coleman in germany-c,"I can vaugly remember you calling me about Unify. Do I have Unify Estate access? If yes, do you know my ID and password? If no, how do I get it?" germany-c,Hey woman. I need your phone number and Steve's phone number and John's phone number and Tammy's phone number please. germany-c,Extended to 5/31/2001. What was I doing on niteline??? I hope I wasn't doing something embarrissssssing. germany-c,Do you have Heidi or Jim's number. They left EES. germany-c,My home email address is chris_germany61@hotmail.com. My home number (don't go painting this on the bathroom walls either) is 713-527-0534. My cell number is 713-557-5095. germany-c,"I'm requesting the prepay for Dominion for March 2002. I printed out the request, signed it, and gave it to Doug. I just want everyone to be aware of what is happening with Dominion. Dominion is still not delivering the gas to Tallahassee due to a Force Majeure event. We are expecting gas to flow any day, hopefully by the weekend. Eric, I left a message for David Walker (405-749-5240) at Dominion to call me about the prepayment amount. Following are my calculations Prepay for March 2002 10,000 dth per day x 31 days x $2.1562 = $668,422 Non deliveries for Feb 2002 10,000 dth per day x 14 days x $2.1562 = ($301,868) Estimated payment due 2/28/02 $366,554 As of today Mops has been down from Feb 8th - 21st, 14 days. Mops may not come up until the weekend or early next week. I will adjust the prepayment as needed next week." germany-c,"Hi Larry. My name is Chris Germany and I work on the East Trading Desk for Enron North America. Mandy Curless and Gary Buck suggested that I send you my resume in reference to the Transportation and Storage position shown below. Please call me if you have any comments or questions. My number is 713-853-4743. Thanks Chris Germany 1. Senior Transportation and StorageA nalyst: Must possess a minimum of 5 yrs. related experience in field with in depth understanding of the intricacies of storage and transportation in the Gulf Coast up to the NE (Eastern Canadian markets a plus) a.. Negotiate and manage short-and long-term natural gas storage/transport transactions b.. Develop hedging strategies,f orecast models, and provide trader support a.. Develop new business strategies, in conjunction with Risk Management and trading desks b.. Supervise interstate regulatory issues for pipelines and storage providers c.. Must be a confident communicator d.. Must be able to demonstrate high levels of customer service while maintaining profitability. e.. Must be able to analyzem ultiple factors influencing energy pricing and capture opportunities between locations f.. Must be a team player with an individual drive g.. Must be detail oriented and a self-starter REQUIREMENTS: BA/BS in Finance, Economics, Statistics or a related field strongly desired. Minimum of 3-5 years practical experience required. MS Office applications including Word and Excel required. 2. Director of Procurement position with the following responsibilities: ? Participate in the development, implementation, and maintenance of innovative electric and natural gass ervice structures in support of gas and electricity sourcing activities. ? Participate in the development, implementation, and maintenance of innovative electric and natural gas service structures ins upport of gas and electricity sourcing activities. ? Have the ability to understand and utilize electric and natural gas pricing models, and to utilize risk management techniques to analyze energy product offerings and to minimize risk. ? Work closely with EIS, RSG, PQ, FSG, Sales groups, and other groups to assist in the design, structure, and development of retail electricity and natural gas services. ? Possess detailed knowledge of transportation, pools, tariffs, LDC's, markets, electric and gas regulation activities, marketing activities, and emerging power marketing activities ? Develop and manage sourcing only deals. ? Coordinate closely with the Product marketing group to integrate energy management, reliability and information management solutions intoe nergy service offerings. ? Provide management support and leadership to a team of sourcing professionals. 3. This position is a General Manager level position with an IPP in California ( not Calpine) and they are looking for someone with a risk background to come into theo rganization and build a team and develop their power options to a greater degree than currently exists. The organization is well funded with good growth potential. Additional details as follows: . Develop a risk management strategy and system to track and manage risk. . Evaluate all assets (power generation plants) and identify opportunities to increase the return on assets, company value, and profitability. . Develop a team to sell new and excess power capacity. . Develop a market intelligence system to collect and produce reports on a monthly" germany-c,"Goodell, Scott says: can Ingrid set me up an interview with the salt lake city group before she goes on maternity leave? How about during gas fair? Germany, Chris says: Good point. I'll ask Germany, Chris says: Hey, we will go if you" germany-c,"o:/logistics/capacity/east/ne/2001tran05.xls We creat a new sheet each month. And the the last 2 digits are the month - ""05"" = May get it get it get it? Anyone can pull this file up. You need a password to open the file and make changes. The password is the file name. I just didn't want people to make changes by accident (which I have done myself)." germany-c,"MCV faxed their May 2002 requirements to Kevin Brady. MCV is requesting 6,800 dth per day on Trunkline (MCV I deal) and 15,000 dth per day on Trunkline, ANR, and Panhandle (MCV II deal). I assume we are still physically serving the MCV I deal for 6,800 dth for May 2002. Please let me know. Does anyone need to see the notices from MCV? I am going to send a copy for Cyndie Balfour-Flanagan and put a copy in our contract files here." germany-c,This would be for gas ENA purchased from Sonat. It's not transport related. germany-c,We are buying the following Tenn transport from the pipeline for the winter. I just did the deals so I don't have the contract numbers. Term Demand Comm MDQ Nov .18 .02 3893 Nov-Jan .20 .02 2500 Feb-Mar .20 .02 2500 The Primary delivery point is CGAS - Broad Run. The primary receipt point is meter #010698 in 500L. We will be able to use any zone 1 receipt point but we only be able to use Broad Run as our delivery point. germany-c,"I've tried to send this back to Scottie twice. Would you please forward it to her? She will be needing this list. Thanks I don't know if she has registered yet so I've come up with a few items that I think the baby will need. Please share this humble list with the appropriate people. I do work for a bankrupt company you know. Item Price 2002 Range Rover $64,896 http://www.edmunds.com/new/2002/landrover/rangerover/index.html 2002 Porsche Boxster $50,000 http://www.edmunds.com/new/2002/porsche/boxster/index.html Terri Hatcher $$$ http://www.eonline.com/Facts/People/Bio/0,128,19,00.html Natilie Imbruglia $$$$ http://www.eonline.com/Facts/People/Bio/0,128,67918,00.html Toshiba Big Screen $2,189 http://electronics.cnet.com/electronics/0-6342372-1304-7297512.html?tag=pdtl-list Harley Davidson $21,000 http://www.harley-davidson.com/motorcycles/motorcycles_detail.jsp?PRODUCT%3C%3Eprd_id=432813&FOLDER%3C%3Efolder_id=440145&bmUID=1015517216967 Blue Wave Boat $18,000" germany-c,"I sold 4,035 dt to the Ontario Desk on NFUL for Sep at +.12 (deal 1016673). The following deals should be transferred from Brads book to the CNG and East TP3 books at a mid value of NX1 + .1675 for Sep. Deal Volume Book Comment 241639 15189 CNG Purchase from AEC 219618 6000 CNG Sale to AEC 1016655 4037 CNG CNG sale to TP3 943082 5152 CNG Cng sale to TP3 1016673 4035 TP3 Sale to Ontario Let me know if you have questions." germany-c,"Phil and I were just looking at some of the invoices created for March activity and I noticed the sale to MidAmerican Energy was not in his stack of invoices to review. Would you see if we billed MidAmerican for March please? The deal number is 1199439, the volume is 310,000 dth and the price is $2.47 per dth. This was gas that the ENA Ontario desk had parked at Dawn. There are more notes at the bottom of this email." germany-c,"ok, left my palm at home, i'm about to go into a meeting that may last a long time. i'm going to get my hair cut after work then I'm coming home. should be there before 7 depending on when i get out of my meeting. Hope you are feeling ok. i need a nap." germany-c,Robin needs a back doctor recomendation. Who do you think she should see? germany-c,"Brad McKay sold 33,000 dt of the Iroq/Wadd to the firm Canadian book for May and I just sold 9189 of the NFUL Niagara to the Canadian book at a +.29 for May. On NFUL - I created deal 749380." germany-c,"HEY GIRL. It's so good to hear from you. Let's see, I'm still here. I work on the estate team which means I work on the old stuff until they tell us to leave. My buddy Goodell is will be working for NewCo (The New Company - is this original or what). They should find out something in the next couple of days I think. Other than that its just hand around and see what happens. So did you make good grades? What's that report card looking like. How's the hubby? You still in love or what?" germany-c,"Ruth, remember that moorning you ""allegedly"" called me from Shemin's office last week? You said you were meeting with Shemin and wouldn't be in for awhile. I told you to ask Shemin ""What the hell is going on with Dominion? What's the latest?"". Well that's what this is. Never got me an answer on that now did you? I'm betting you and Shemin were at the Waffle House smokin' cig's, drinking coffee, and eating hash browns that were ""covered"" with cheese and filled with ""chunks"" of ham Shemin, how about an update on Dominion? What's the word?" germany-c,"The gentleman interested in our Florida space is Henry Barth with FPL Energy Services (the retail group, separate from the group Mike Jessop works for). His number is 561-694-4057." germany-c,Done with these. Is there another list? I can't remember. germany-c,Don't forget. Scott is still wanting a Salt Lake City contact. germany-c,I don't know if you guys can pull up my file from the previous email. Here it is again just in case. germany-c,"Kim, according to Dalton (the IT guy), I need 3 sets of monitor arms and Judy needs 2 sets. Did you order my other monitor?" germany-c,"I'm looking for a general doctor and I'm thinking about using the hospital they work at as a guide. What do you think? Also, these people are all FAMILY PRACTICE, I wonder if I can use and INTERNAL MEDICINE doc as my primary physician. Hmmmmmm. ROGERS, JOHN C, MD FAMILY PRACTICE 5510 GREENBRIAR ST HOUSTON, TX 77005 2638 (713) 798-7700 Medical School: UNIVERSITY OF IOWA; IOWA CITY, IA Graduation Date: 1975 Board Certified Accepting New Patients ID NO. 00001246475 04 METHODIST HOSPITAL ST LUKE'S EPISCOPAL HOSPITAL TEXAS CHILDRENS HOSPITAL SPANN, STEPHEN J, MD FAMILY PRACTICE 5510 GREENBRIAR ST HOUSTON, TX 77005 2638 (713) 798-7700 Medical School: BAYLOR COLLEGE OF MEDICINE; HOUSTON, TX Graduation Date: 1975 Board Certified Accepting New Patients ID NO. 00001231156 07 METHODIST HOSPITAL ST LUKE'S EPISCOPAL HOSPITAL TEXAS CHILDRENS HOSPITAL STEINBAUER, JEFFREY R, MD FAMILY PRACTICE 5510 GREENBRIAR ST HOUSTON, TX 77005 2638 (713) 798-7700 Medical School: UNIVERSITY OF KANSAS; LAWRENCE-KANSAS CITY, KS Graduation Date: 1977 Board Certified Accepting New Patients ID NO. 00001231162 09 METHODIST HOSPITAL ST LUKE'S EPISCOPAL HOSPITAL TEXAS CHILDRENS HOSPITAL WHITNEY, SIMON NEWCOMB, MD FAMILY PRACTICE 5510 GREENBRIAR ST HOUSTON, TX 77005 2638 (713) 798-7700 Medical School: NEW YORK UNIVERSITY; NEW YORK, NY Graduation Date: 1979 Board Certified Accepting New Patients ID NO. 00000365797 05 METHODIST HOSPITAL ST LUKE'S EPISCOPAL HOSPITAL TEXAS CHILDRENS" germany-c,"Robin Barbe just gave me a couple of day care's to sign up for. One of them is St. Luke's at Edloe and Westheimer. The other one is Becker's at Sunset and Rice. AND Robin just told me that St Luke's is Methodist, they have an 8:30, 9:45, and later service." germany-c,I am still having trouble but I don't know if its and Enron problem or an Iroquois problem. I'm waiting to hear form Iroquois. I would like you to check it out if you have time this morning. germany-c,Take a look. Let me know what you think. germany-c,"Hey woman!! How are things going? Happy with the job? Happy with the man? Be carefull, something happened to my woman and she has a really big stomach." germany-c,"I just got a call from Kevin Hyatt, Director of Marketing at TW. He said that Sempra just called him and wanted to know why WE locked the points on the contract in our posting. I told him we locked them because we didn't want to get billed a potentially higher rate. 1) This guy acted like he knew me and of course I was embarrassed so I acted like I knew him, AND I DON'T EVER REMEMBER TALKING TO THIS GUY. He knew that I had gone to EES and that was back in 1997-1998. 2) Sempra told Kevin that we would get more value if we let someone change the points. I wonder, even though we might get billed max rate, would it be possible to allow the replacement shipper to change the points for ""the term of the release only AND the releasing shipper would be billed more that max rate"" and that way the capacity would go back to its original contract points in October. Just a thought." germany-c,I forget and you are so wonderful. Who do I talk to about capacity release? germany-c,"I still don't have access to West (deal 1198936). I'm almost positive I entered this deal and I thought I entered it as a Central Desk deal. When I book my deals on Trunkline for April, should I use Central? We will be serving the Midland Cogeneration deal #340362 for April. I also didn't request access for ENA Upstream but Kathy Kelly should be able to take care of that." germany-c,"To my knowledge that capacity is still valid. It's one of Connie Moody's leftover contracts for 117 dth. Ruth, I had asked George Linder? at Nat Fule about Nat Fuel taking this capacity back or at least including it in an open season several times. He never did anything with it." germany-c,I think this is funny. I believe Enron laid off some incredibly talented people. Gloria might like this. germany-c,"Robert, when you get a chance, please give me all the service deal numbers for CGLF k#37393. Marlene, the new termination date for this contract is 5/31/2002. If I have time, I am going to send CGLF a termination notice for this contract effective 5/31/2002. Is that something you could do for me? Let me know." germany-c,Columbia Gas sent me the December invoices via federal express. The cover letter states that Columbia Gas is aware that ENA will not be paying the pre-petition amounts but that they expect full payment for the post-petition amounts. I'm sending you a copy of the letter. I assume that we will not be paying any of the invoice. Any news on the Columbia Gas park & loans? Thanks germany-c,"When you get the price for the 10,000 dth we are selling you for Friday, would you send it via email. I forward that info to 3 different people." germany-c,Ed was questioning the value of the Tallahasse deal due to the higher prices. He said we should check into it. I guess it doesn't matter now with the screen back down. germany-c,Eric and Ed are in a Keyspan meeting at 9:00 AM. Would it be possible to move this meeting to a later time today? germany-c,"Don't lie to me. I know you didn't read the ""fine print"" where you are taking everyone in your shop out for a free lunch." germany-c,Guess what. I have the deal numbers in my notebook packed in a box - but Ed McMichael said we are not going to flow this gas until March. I think he also said he is trying to resurrect the Con Ed deal - which is probably similar to the Lilco deal with respect to the pipelines it flows on. Transco does not have a pooling contract like many of the other pipelines on the East. They assign the shipper a specific meter for that pool and you use your IT contract to nominate pool to pool stuff. I DID NOT CHANGE THAT OL CAPACITY TICKET BUT I THINK I WILL. I'VE GOT TIME!!!!!!!!! germany-c,"let me go buy some ammo. let's see, which gun do i use?????" germany-c,"Ain't that the truth. Wait just a minute, I took Monday off and I think I'm taking Friday of next week off. Never mind." germany-c,Let me know what curve the following deals are being marked against. Deal Comment 709610 IF buy from Spinn 646513 Z2 wh to St 45 709620 IF sell at St 45 709703 Z2 Wh IF buy 637093 Z2 wh to St 45 709704 If sell at St45 709706 GD buy at St 45 646529 Z2 wh to St 65 709708 GD sell at St 65 710458 Buy at Utos 726967 Utos to St 65 726064 Sell at ST 65 709722 Z3 wh buy at IF 637107 Z3 to St 65 709723 IF sell at St germany-c,"trogg522@aol.com <=== i feel like a caveman in a 522 sq ft apartment. How are the new digs? ""Junek, Daniel"" on 05/14/2001 03:58:54 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: thanks, so you have hotmail my hotmail is" germany-c,"April prices Inside Ferc Per Midland ANR LA 3.31 3.3125 Looks good Pepl 3.29 3.3345 appears high by about $.0245 but not way off. Trk Tx 3.28 3.28 Trunkline should be an average but this is great, our price would have been $3.305 Trk La 3.33" germany-c,"This is what I want, at 17 to 18 footer with a 70-100 HP motor. I prefer a shallow draft center console for bay or bayou fishing. Make it happen buddy - and remember, I'm not made of money. ""Germany Jr, Don (WD)"" on 04/16/2001 07:03:27 AM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: Taxes I am glad to hear the both of you are o.k. How does the grass look up at Dad's. I am thinking we should maybe bale the hay. I have intentions of going up there this coming weekend. You should have bought a boat during the boat show. I have a friend who is always fishing and I will ask him about a boat. Do you want a ski boat or a fishing boat? Freshwater or Saltwater. I do know the best motors are made by Yamaha. A friend of mine at Demi Jon had a Gulf Coast which is basically a chopped down Boston Whaler. I think the boat was around 21/23 '. The sides were approximately 6/8"" tall with a center console and a very large ice chest mounted directly behind that which served as a seat. It also had what I call a jack plate on the motor for vertical lift prop clearance between boat and bay bottom. He could run in about 8"" of h2o. If I remember correctly it was a V 6 150 horse Yamaha. That baby would fly. They are bay boats but Aubrey took his out in the Gulf frequently. You should call Duane Davis. I bet he can find you exactly what you want. Buddy, did the Easter Bunny come to see you? Be Safe! Yo Bro, dg Dow W. Don Germany, Jr. 2301 N Brazosport Blvd B 3611 Freeport, Texas 77541 Pager 1 800 451 0491 (0448) Office 979 238" germany-c,Bob Crites at El Paso Merchant Energy is interested in the Florida capacity as well. I don't know how he relates to Grier Martin's group. Bob's number is 713-420-2499. germany-c,I'm back and I'm gong. My MSN doesn't work. What time should I come to your desk? germany-c,"Shelley verified receipt of our $10,000.00 payment o Reliant last Friday. Thanks Shelley. Our current cash balance with Reliant is $60,880.00." germany-c,"What's happening? I understand you have a brand new truck. Must be nice having money!! I need 2 things from you. 1. I found the title to the 4 wheeler and I was going to change it over to you name. What do you think? If that's ok, how do you want your name to show up on the title and what address should I use? 2. I'm getting ready to divy up the Dow stock. How many of Dad's shares do you have? Last thing, send me a million dollars, I'm tired of working." germany-c,"Kathryn, add whatever comments you have especially the one about going back to sep, then i'm going to rewrite this email and send it out to all these people down below. Kay, who should I work with at Weil? Jeff, Loretta, are you the right contacts for me at PwC? Shemin, my first queston for you is will ENA have to pay the producers for December (possibly January)? Kathryn, what are the imbalances for EES on 11/30/01 I've added Kathryn Bussell to the list. Kathryn is over the EES Logistics group. EES has been signing some of the producer letters allowing the" germany-c,Please give me view only access for the Power Products on EOL. My EOL ID is ADM81300. Thanks. germany-c,"I asked Kay Mann about that and she said that if we want the gas for April then we should continue with ""business as normal"" which means we pay for the whole month since that is what we've been doing. She felt that paying for the whole month was better than paying for just 5 days worth of gas. Ed, I gave this info to Doug before he went to the cash meeting. This was just in case you had the same question." germany-c,Lunch on Friday sounds great. Looks like I'll be walking over again today without my buddy. He works for Northern and he's waiting for a termination letter from Enron and an offer letter from Dynegy. Maybe I'll see you there!!! A fellow can always hope. Indrid still hasn't got me a rind either. I bet she doesn't marry me now. germany-c,"This is the demand charge for The New Power Market area demand charges. It's under the ""New Retail Mrkt"" tab on 2001new03.xls. They owe us the dough." germany-c,"WOOOOOOOOOOHOOOOOOOOOOOOOOOO, Daddy's getting a new Blue Wave Bay boat!!!!" germany-c,"He is officially a scheduler now. This is how the East Desk fared. Scott Neal, Judy, Chuck - associate, Andy Rind, Sandra Brawner, Brad McKay, John McKay. Frank Vickers, Craig Taylor, Jared. Scheduling - Victor, Clarissa, Chris Ordway, Meredith, Scott Goodell. Vickie and Scott Loving were moved to the estate team. If you didn't get a job offer you are considered part of the estate team." germany-c,"Greg We've chatted before but you may not remember me. I'm currently working for the ENA Estate team and I need to purchase some Trunkline Ela gas for April. Ruth Concannon suggested that I contact you but she didn't have your number handy. I also have other buy/sells that come up from time to time as well. Please let me know if you would be interested in selling us gas. Thanks Chris L. Germany Manager, Gas Trading Phone 713-853-4743 Fax" germany-c,Does Johnny Trimble work up there with you? I just heard his name and I'm curious. Have you ever heard of Jeff Hammond? germany-c,"Julie, I'm leaving at 10:00 AM today. Please let Scott, Maureen, or Robin know what you find out on the Boston Gas deal for the winter." germany-c,"Just sold 10,000 MMBtu per day at Dawn to MidAmerican Energy Company at $2.47 for March. My contact at MidAmerican is Dave Evans (515-281-2698). Dave said he was using Apr Nymx + $.05 to calculate his price." germany-c,You got that right!!! germany-c,i don't have it. I think Max Doner gets a copy from someone but I'm not sure who. germany-c,"Hi team. Here is my new cell phone number, 832-867-3346. I just changed it in People Finder so it may not show up until tomorrow." germany-c,I asked Victor about the files. I think keeping it on your h drive is still a good idea for now. germany-c,Looks like I'm gonna try BIAXIN XL 500 mg tablets. Are you really cute today? germany-c,"Don't send this out because its not complete. I'll finish it tomorrow but I wanted you to have it in case I get hit by a bus or something. good nite Sonat Park & Loans 2/19/02 History - Per Dave Dyer at Sonat (205-326-2007) ENA has 2 Park & Loan (PAL) contracts with Sonat. All PAL's with Sonat are under master contract PAL1001. Sonat assigns a deal number to each deal under this contract. Deal #1424 - ENA borrowed a total of 96,000 dth from Nov 3rd-5th and has not paid this back. ENA still owes Sonat 96,000 dth. Deal #1222 - ENA parked 309,192 dth in August to come out in Dec 2001 or Jan 2002. Sonat let ENA withdraw 42,951 on 11/29/01 leaving a balance of 266,241 dth. In Jan 2002, ENA withdrew 8,588 dth per day for the 1st-9th. That left a balance of 188,949 dth. On Jan 8th, 2002, Sonat sent a letter stating that Sonat will hold on to the remaining to balance to offset 1) the Loaned gas on deal #1424 (96,000 dth) and 2) to offset gas Sonat sold to ENA in October 2001 that ENA has not paid for. According to Sonat, the remaining balance on this deal is 92,949 dth = [309,192 parked in Aug - 42,951 w/d in Nov - 77,292 w/d in Jan - 92,000 balance on #1424]. Other items; ENA purchased system supply from Sonat in October 2001. ENA purchased 286,998 at an average price of $3.063 = $879,030.42. According to Sonat, ENA did not pay for this before Enron declared bankruptcy. ENA also sold Sonat gas - 16,000 dth day at $2.885 (sitara #1172076) in January 2002 and 10,000 dth day at $2.955 in May 2002 (sitara #1172087)." germany-c,"Did you get my email from last nite! IF not, here it is again." germany-c,"Hey, I don't think you should show any cash flow for the Enbridge storage until I talk to them this afternoon. I'm writing an email to you and a few others about what I think we should forcast and I want to talk to them first. But between you and me, I'm thinking we show about $600,000 or so." germany-c,"Prepayment and gas flow activity through Monday March 26th. I have added 2 new members to the team, welcome Melissa and Sheeley. Feel free to hit Jim Taylor up for a free lunch." germany-c,Sure. I'll have Ingy wash and polish it first. germany-c,"Have not heard from newphew yet. Here is more scoop from Matt Trogg 522: grrrrrr mbfleming3: still working on my title. i will be marketing their existing assets and then any discoveries they have looking to find markets for it and also they are wanting to become more marketing oriented as opposed to just trading their existing supply Trogg 522: WOW, you ARE the MAN. mbfleming3: great group. not very biga nd not very fat (very flat org chart) Trogg 522: Well congradulations. I'm sure I'll love having you as a new boss. mbfleming3: what was your name again Trogg 522: shoe shine and car wash boy mbfleming3: well, that means that you will have to come out my way sometime so i can buy you some lunch Trogg 522: Don't you worry. I'll be there." germany-c,"> > A Very Cold Winter... > > > > It was autumn, and the Indians on the remote reservation asked their new > > Chief if the winter was going to be cold or mild. > > > > > > Since he was an Indian Chief in a modern society, he had never been > > taught the old secrets, and when he looked at the sky, he couldn't tell > > what the weather was going to be. > > > > > > Nevertheless, to be on the safe side, he replied to his tribe that the > > winter was indeed going to be cold and that the members of the village > > should collect wood to be prepared. > > > > > > But also being a practical leader, after several days he got an idea. He > > went to the phone booth, called the National Weather Service and asked, > > ""Is the coming winter going to be cold?"" > > > > > > ""It looks like this winter is going to be quite cold indeed,"" the > > Meteorologist at the weather service responded. > > > > > > So the Chief went back to his people and told them to collect even more > > wood in order to be prepared. > > > > > > One week later he called the National Weather Service again. ""Is it > > going to be a very cold winter?"" he asked. > > > > > > ""Yes,"" the man at National Weather Service again replied, ""it's going to > > be a very cold winter."" > > > > > > The Chief again went back to his people and ordered them to collect > > every scrap of wood they could find. > > > > > > Two weeks later he called the National Weather Service again. ""Are you > > absolutely sure that the winter is going to be very cold?"" > > > > > > ""Absolutely,"" the man replied. ""It looks like it's going to be one of > > the coldest winters ever."" > > > > > > ""How can you be so sure?"" the Chief asked. > > > > > > The weatherman replied, ""The Indians are collecting firewood like > > crazy."" >" germany-c,"My bunkmate, Troy, would like to speak to your cleaing person. He's thinking about hiring someone to clean his apartment. What do you think?" germany-c,"Shemin and I are going to lunch on Monday. She might even PAY!!!!! I told her I was going to bring 12 of my closest friends. Well, I don't have any friends but I told her that you two might like to go." germany-c,Do these counterparties look familiar? Call me when you get this please? Thanks. germany-c,we've been trying to sell about 5000 of imbalance gas a day. lone star is aware of it and approves. germany-c,"Scott is your main man - I guess. I don't know if he is going to keep doing it or if he's going to hire an analyst. I think Susan will be doing Texas Eastern. Mr. Goodell will be going to the CGAS/TCO meeting on Tuesday. I may be going Tues afternoon. When do you leave Houston? ""Veselack, Joni"" on 05/08/2001 08:16:56 AM To: ""'Chris Germany'"" cc: Subject: Who is doing Tenn 500/800?? Vickey told me yesterday was her last day. I see Scott Neal is on Tenn Z0. There are no quotes out there... just for Enron's info. I'll be in town this weekend.. going to TCO/Gulf meeting Monday and Tuesday. Hope to see you. Hope your back and other aches are okay. PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility. Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility." germany-c,Hey woman. Have I told you what a good person you are? You're sweet. I have plans on Friday but be sure to give Dan a great big hug from ME!!!!!! And thanks for thinking of me when you sent out this email. Later germany-c,"Also, please let me know what the global contract number is. I want to write it on my copy." germany-c,"I have some really bad news. My little girl, when she makes a frown face, she looks just like her Uncle Jerry. I think that's a very bad sign. She weighs 7 lbs 4 ozs as of today." germany-c,Our contact for this is Janice Felton. Her number is 713-267-4210. Please call her on Monday and let her know that ENA wishes to terminate contract 37393 effective 5/31/2002. Ask her what she needs in writing from us then draft it and send it to her attentions. germany-c,"Guess what? I just hired some mover to move me next week. Indrid keep telling me that you and I have bad backs and don't need to fool with moving furniture. So, I hired movers. They are charging me $60 hour and I figure 3 hours max." germany-c,"I just wanted to drop in and see what your desk looks like... man, you don't do shit! ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender." germany-c,"Shemin, just give me a call when you are ready. I'll let Wade know and we will come to your office." germany-c,"Per VNG's request, ENA released 700 dt of CGAS capacity to Nabisco effective 1/1/2001 - 12/31/2001. Yesterday, CGAS informed me that Nabisco has not paid any of their bills. CGAS was under the impression that ENA should be paying Nabisco's bill. I told CGAS to find chat with the company doing the nominations for Nabisco and to keep me informed." germany-c,I don't think I ever had the invoices. All I had were the statments showing the balance in the park and loans. germany-c,Are you going to San Antonio Friday? Is the little woman going with you - maybe make it a romantic encounter? germany-c,"Update Robin and I are waiting to hear back from all of the following company contact Reliant Energy Services Inc. Sue Cozad 989-687-9246 low probability Enbridge Gas Services Inc. Dan White 403-508-3184 new counterparty - low probability MidAmerican Energy Company Dave Evans 515-281-2698 good prospect CMS Marketing, Services and Trading Company Scott Biscoe 713-230-7286 low probability El Paso - no interest. Left messages with Duke Energy Marketing Ltd. Steve Butler 403-297-9840 TXU Energy??? David" germany-c,"Cullen and Dykman (attorneys for Boston Gas Company) approved all of our changes on the agreement to release the Tenn and Iroq space back to Boston Gas. They also made one other change, they are taking out the ""subject to recall"" language at the bottom of page 2 under item #1. They will be sending the revised document to me. I will deliver it to you for your approval." germany-c,"I would like for you to get 3 or 4 bids for the Iroq Zone 2 capacity. And later, I may ask you to get bids for the Iroq/Tenn capacity." germany-c,"Ask Marvin or whoever looks at Tenn if they are interested in any Iroq / Tenn capacity. The capacity goes from Tcpl/Iroq - Wadd to Iroq/Tenn - Wright, then from Iroq/Tenn - Wright to Mendon and Boston Gas citygate." germany-c,FYI - We just posted the capacity release to Boston Gas. I created a biddable offer per Boston Gas's request. This deal is for the month of Feb only. germany-c,"Just Wade and I chatting with Shemin. We tried calling Dominion's Bankruptcy counsel, outside counsel (which is seperate), and in house counsel and couldn't get anyone. I believe Shemin has a much better idea though. BUT, I think its important to note that those producer agreements are Enfolio contracts." germany-c,"I just went over the March prepayment with David Walker (405-749-5240) at Dominion. On Thursday, ENA will wire $280,306.00 to Dominion. The Force Majeure event has ended and Dominion will resume deliveries effective 2/26/02. We are assuming Dominion did not deliver any gas for Feb 8th through Feb 25th, 18 days. Following are my calculations Prepay for March 2002 10,000 dth per day x 31 days x $2.1562 = $668,422.00 Non deliveries for Feb 2002 10,000 dth per day x 18 days x $2.1562 = ($388,116.00) Amount to wire on 2/28/02 ==> $280,306.00 There may have been some gas flow on Feb 8th, but David will let us know about that later. Doug, do I need to prepare a new Cash Use Approval Request form?" germany-c,"I called you back and your phone rang 8 times so I hung up. Trco 4-4 IT Feeder Comm $.1672 Fuel 1.89% Trco 4a-4 (mobile bay) Comm $.0746 Fuel .57% Remeber, the rates above are to St 85. You need to add the following surcharges for other delivery points. ACA .0022 GRI .0070 Great Plains" germany-c,"I, of course MUST have my lunch hour. But after that is over, say 1:00 or so, lets get together. Shemin, you set the time. Wade, bring some of those letters you are talking about down below. Kathryn, we are going to discuss what you and I talked about yesterday. Can we just go back to ??Dec 2nd?? and terminate the pools without Dominion billing Enron all these extra charges. You and Patricia can decide if you want to come." germany-c,"According to Iroq the problem is on our side. Please call me first think Monday morning at 3-4743. Following is the address that I'm starting at. I go to this address and click on ""Customer Activities"" and that's when I get the error message. It should ask me for my ID and password. I'm at ECS 04425 if you decide to come by my desk. I'm out for the rest of the day. Thanks" germany-c,"Hey, how does this get me a new job? Should I study these and know them by heart?" germany-c,"Frank, I was out last week and I'm just now getting to you email. As a Marketer, I agree with Dynegy's slide #20, ""the risk of not being able to find replacement capacity (OR CITY GATE GAS SUPPLY) within two hours or less may be too great"" . The only time capacity would be recalled is on peak days. Also, according to my Transco schedulers, PSE&G does not accept contract number changes after 12:30 PM the day before gas flows. If we were using released capacity to serve a market at PSE&G and the capacity was recalled intra-day, we would not be able to schedule the gas because of PSE&G's nomination and scheduling procedures. This is an interesting point because the only term capacity release deal we have on the East Desk is with PSE&G. However, we do support intra-day capacity release." germany-c,"Kathy said some Mobil traders created National Energy And Trade after Mobil let go of a bunch of people. I guess you know that both Molly and Chris worked for Mobil. By the way I did the math on Sabra. $400 x 7 months = $2,800.00 $3,733.33 / 75% = $3,733.33 $3,733.33 / 5% =" germany-c,Seeing you on Friday was the highlight of my week. So far its been the highlight of this week as well. germany-c,Hey thanks. You are sweet. Looks like that 5.25 was a great sale too. germany-c,"FYI, just verified with Melissa that Reliant received $2,049,602.20 for the items listed below. Thanks Melissa." germany-c,Where the heck is Somerset? And who cares anyway? I hope you had a happy New Year buddy. Indrid and I went to Lulling City Market over the weekend. That is without a doubt the best BBQ I have ever had. YOU DE MAN!!!!!!!! germany-c,I don't see you on MSN. My time free's up after 9:00 in the morning. Tallahassee has to call on the swing gas by then. germany-c,"I didn't send this yet and I have not spoken with Cinergy either. Would you call Jackie at Cinergy please. Also, the scheduling contact at TXU is David Avila, his number is 214-875-9792, his aol id is avila4404. I gave David the upstream information. He said that for the weekend the downstream k# is 1901." germany-c,"Hey there. Got your message. I'll get you the numbers by tomorrow afternoon, maybe today." germany-c,Jared is here. I'll tell him to call you. germany-c,"I will be increasing my prepays to Reliant this week to cover any swing activity on the MCV Trunkline deal. I have changed the ""est cash flow"" tab in the Tallahassee Swing Cash Flow file." germany-c,"Ed, this gas was nominated on an IT contract into a pool on NGPL. I am unable to identify the gas after that so its difficult for me to tell if the estate benefited. Let me know what you want to do at this point." germany-c,"You better believe it. I'll bring my photos for the ""magazine"" shoot." germany-c,I posted the April TW capacity. 11:50 AM left a voicemail for Russell Williamson at BP Amoco 11:52 AM left a voicemail for Robert Eason at Burlington Julie Reames is on maternity leave for 12 weeks . germany-c,I changed the meter numbers on the following deals. Please check the hedges. Deals 816519 and germany-c,"HEY, you didn't copy your brother and I think I may come down Saturday to go fishing. What do you think about that?" germany-c,"Well, I told Ingird that I was madly in love with you but that you constantly rejected my advances. AND I DO provide her with love and support. I'm all over this marriage thing and I told her ""no more lovin until she makes and honest married man outta me"". We get our new apartment on Feb 22 and she be living together by Mar 1st. Don't know if I'll be a married man by then or not. We are going to look for a cute little chapel type thing this weekend. I'm still trying to make her cat disappear. I'm telling her if that cat leaves one mark on my little Christopher or Audrey, out the cat goes." germany-c,I adjusted my schedule to reflect higher prices and the wire scheduled to go out at 3:30 PM today. Did I mention what wonderful people we have working in settlements? WELL THEY ARE!!!! Thanks TEAM. germany-c,I think it needs to be pathed in Unify. Here's the problem. I created a sales deal ticket and Kim and I didn't know if the supply just needed to come from imbalance or if I needed to create a one sided exchange ticket. I have no idea how the ontario desk handled it in the past. They probably were not consistent any. Would you path this? Just take you best shot on how to do it. I think we are going to have quite a few things like this. I'm trying to figure out how to put in a sales deal ticket for Jan 2002 on Montanna Power which is in the west. germany-c,"I'm out but Kathy is probably going to be the chief on this anyway and I would just be her backup. So you guys could probably meet without me. FYI, I'm out all day Friday too." germany-c,Sempra needs to get a copy of the court order authorizing ENA to enter into GISB's and transactions. Does such a thing exist that we can send to Sempra? germany-c,"I sold 3,253 dth per day of Florida Zone 3 gas at $3.60 to Bob Crites (713-420-2499) at El Paso effective 4/3/02 - 4/30/02. I'm leaving this deal out of Sitara because its an Enron Compressor Services deal, not ENA. Kay, I need to send a GISB agreement as Enron Compressor Services to El Paso. Would you work on that? Mark, I'm not sure who at Enron to notify about this deal. You and I can chat about that later. I only asked for 2 bids for the April gas. Reliant showed me a bid of $3.58 and El Paso shoed me a bid of $3.60." germany-c,I extended the term date on the following park and loan contracts from Oct 31 to Nov 30. Deal k# 1075382 37874 1075388 37875 1075391 37876 1075393 37877 1075407 37878 1075408 germany-c,Elizabeth Hernandez is currently working as a contract employee for Sherry Thomas. Elizabeth told me her contract runs out at the end of this month. Kathy and I both loved working with her and think she would be a good employee to keep on the gas side if you have any spots available. Her last spot on the gas side was in deal validation. germany-c,"2 weeks ago, I received a page and the message box on my pager said ""voicemail"". Would you see if I have voicemail and if I do, how do I access it. Thanks My pager number is" germany-c,My girlfriend is pregnant and we are getting married around January. But not too many people know about that. If anyone says anything to me I'm gonna deny it. Don't want no kitties. I'm going home now because I've lost so much money today. germany-c,"FYI, Ed and Don will decide tomorrow if we are going to serve the City Of Tallahassee deal on Florida for June. I'll keep you posted." germany-c,ahhh just like a woman. although i have many of those sensitive feeling you know. germany-c,"Ed, per our discussion, an assistant from Shemin Proctor's Houston office is coming over tomorrow to help print contracts from live-link. She will be over around 11 AM. I am going to log into Julie Gomez's computer with my ID. Let me know if you have any comments / concerns. Thanks." germany-c,"Here's another one, 500 dth from Z0/ZL to Dungannon for Nov-Mar and / or Apr 02 - Oct 02. I'm guessing max rate. Let me know. I just want to make sure you have it to sell. Also, how does the open season work?" germany-c,I would like for you to take this test and see what type of medieval character you are. Once you see what type of character you are - email me a copy of the description. I am a White Knight. I bet you are a Benevolent Ruler. germany-c,"I am requesting the following prepays to Reliant and Dominion for tomorrow. All of these request are signed and on Doug's desk. Prepay to Reliant for April Trunkline deal (sitara #1202698) 6,800 dth x 30 days x $3.44 per dth = $701,760.00 Prepay to Reliant for swing supply on Florida and Trunkline $40,000.00 Prepay to Reliant for intraday backup supply in case Dominion does not perform under the contract 10,000 dth x 2 days x $3.50 per dth = $70,000.00 Prepay to Dominion Oklahoma for April baseload activity 10,000 dth x 30 days x $2.1562 per dth =" germany-c,"How sweet. Its doing ok. A better question is ""how's the lovelife?"". That's doing ok too - although I wish I could find the perfect woman. Mine is wanting to take some trips - Maine, New York, EUROPE!!!!! What's up with you girl? ""Veselack, Joni"" on 04/23/2001 12:13:11 PM To: ""'Chris Germany'"" cc: Subject: How's your back??? See.... I'm being nice and not asking any other questions. Hope you're doing okay. PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility. Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility." germany-c,PNM Gas Services was terminated on 12/7/01. Same as the previous email where there are Trk Nom and Schd volumes in Unify but nothing in Sitara. on 04/17/2001 08:53:49 AM To: ""'Chris Germany'"" cc: Subject: Chrissssssssssssssssssssyyyyyyyyyyyyyyyyyyy Hey.. how's it going?? How's your back??? How was Easter??? I may come down for the TCO/Gulf meeting in May. Have to get the blessing of my boss first. Who is doing TCO pool??? The screen says John Hodge... he is really a nice guy. Is John (can't remember last name)... TCO appalachian guy from CES... still at Enron?? Do you have his number?? I've been given the order to start finding appal gas... what a joy. I thought I would give Jim Javins a call too. Hope all is well for you. PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility. Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission. Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility." germany-c,This is only a test What's 2 + 2? Who is the most beautiful person you know working at Enron today? What kind of new car should I buy? How many mispelled words are in dis email? Now then take this little character test and email me your character descreption at the botton of the page (you will know when you see it). germany-c,We had a meeting this morning at 7:00 am but we didn't find out anything new. Right now it sounds like its business as usuall for the next 5-7 months. I had a jury duty summons this morning. I didn't get picked and we got out at 1:00 PM. Sell my truck yet? germany-c,"I updated the NYPA volumes for November. The Hub volumes are 15,201 per day (deal 30512) and the TGT Mamou volumes are 15,200 per day (deal 1063956)." germany-c,"The tariff sheets do not line up on the page so well, I did a cut and paste. You should see the following sheets No Comment File 28B PAL Rates CGAS_PAL_rates.doc 227-229 Rate schedule" germany-c,Sounds good. I believe Alain is out till Thur and I hope we meet before then. germany-c,"Our Texas Gas contract for Nov-Mar is k# T0181760000. Our MDQ is 18,000 dth per day and the demand charge is $.01 per dth." germany-c,"Just a quick note on the information I've sent you. The following two lines deal with the activity I've been involved in since Dec 2, 2001. Some of my coworkers have said I should leave these lines out. What do you think? ? Buy and sale gas for the Enron Estate Team. ? Provide commercial evaluations on post-petition deals to legal counsel. Also, I sit right in the middle of the pack so it is a little awkward to talk if everyone is here like they were yesterday." germany-c,"Kay, per my voicemail, I need to meet with you, Ed, Shemin, and Wade to discuss how to handle producers that are still ""attached"" to ENA's pools on Dominion Pipeline. This should be a short (less than 30 minutes) meeting. Shemin and I are available anytime Monday after lunch. I believe Ed is available after lunch as well. Please let Daniel and I know when you are available after lunch on Monday and Daniel will get us a conference room." germany-c,I've signed off on the settlement. Now when would you gentleman like to get together? Both of you need to sign the settlement in front of a notary as well. germany-c,Not yet. Thanks for your help. germany-c,I would much rather go and annoy your happy butt as much as possible. Plus it make me feel like I'm doing part of the work. I just might come up and spend the night tonight. Be there around 10:30 or 11. germany-c,Guess what? I have you nameplate. I'm gonna take it home and cherish it forever. germany-c,I think this will do for now. I was sniffling the other evening when we went out for a little drinky and Meredith said you wanted to work out instead of seeing me. I was so sad and heartbroken. Baby's doing good. Woman has not had any problems so far and she's starting to feel the baby move on a regular basis now. I've never felt the little sucker move - maybe she's just getting fat. What do you think? We keep loosing people. Christina is moving to the Estate Team power dispatch group. Good for her. That will make her in expendable. how the heck are you? germany-c,"I'm busy on Friday, June 1st. Why don't you stay home and wash your hair or something." germany-c,"Cash prices have jumped over $.20 since Friday. I may need to make my prepayment on Wednesday for Reliant and I've bumped up the amout to $42,000 for this week. I will have a much better idea by 9:00 tomorrow of course." germany-c,"A man was stopped by a game-warden in Northern Michigan recently with two buckets of fish leaving a lake well known for its fishing. The game warden asked the man, ""Do you have a license to catch those fish?"" The man replied to the game warden, ""No, sir. These are my pet fish."" ""Pet fish?!"" the warden asked. ""Yes, sir. Every night I take these here fish down to the lake and let them swim around for a while. I whistle and they jump back into their buckets, and I take em home."" ""That's a bunch of hooey! Fish can't do that!"" The man looked at the game warden for a moment, and then said, ""Here, I'll show you. It really works."" ""O.K. I've GOT to see this!."" The game warden was curious, now. The man poured the fish in to the lake and stood and waited. After several minutes, the game warden turned to the man and said, ""Well?"" ""Well, What?"" the man responded. ""When are you going to call them back?"" The game warden prompted. ""Call who back?"" The man asked. ""The fish."" replied the warden. ""What fish?"" The man asked." germany-c,"sorry, not till i hear from legal but we probably won't pay the invoice. as of right now, don't pay the invoice." germany-c,"I'll ask my woman her opinion about my rock hard stomach. I'm sure she will agree after I tell her what to see. I guess women can be sensitive. Ingrid's fine - and you? How's your man? ""Veselack, Joni"" on 04/23/2001 02:47:42 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: How's your back??? My last response didn't make sense... now that I re-read it. I meant to see I like a cat personality better. I'm sorry about the cushy remark... I'm guessing you have worked out a lot... since I last saw you. It's probably rock hard now. So how is ingrid??" germany-c,"I borrowed 19903 from Egan for today's gas day and I need to pay it back by Friday. For tomorrow, I am going to over nominate Leach. After the cuts, if any, I want to back off of Leach and take the gas to Egan to payback back part of my balance. Here are the deal numbers and volumes. Deal Current Vol After Cuts Comment 1149149 21,000 10,000 Moves gas from CGLF Leach to TCO Leach. 1143923 31,000 20,000 Mainline to Leach Transport 1143924 49,798 38,469 Onshore to Mainline - volume may be off a little, just need to balance mainline 1161116 7,707 ???? Onshore to Egan Hub transport and desk to desk. Move the onshore balance to Egan Hub. I may be out this afternoon. I think we should wait until tomorrow morning to adjust these tickets, UNLESS KELLY, you feel comfortable about CGAS not allocating Leach. Thanks for your support." germany-c,Maybe we can go drinking too. That would be fun. I'll be at your house around 10:30 or 11 tonight. germany-c,Hey buddy. I need a contact at CNG/Sabine Center. I assume it still exist. Can you help me out? germany-c,"Pete, I'm following up the voicemail I left you this morning. In our initial discussions you indicated we could do business under an existing GISB agreement between Enron North America and Reliant. However, our legal department believes all of our GISB contracts with Reliant have been cancelled/terminated. Attached is a standard GISB agreement for your review. I understand that you need to send this to your legal department to include any special provisions that may be necessary. Please call me at 713-853-4743 or Eric Boyt at 713-345-7754 and let me know if Reliant Energy Services is willing to trade under this agreement. Thanks Chris Germany Manager, Gas" germany-c,Please let me know what prices the following deals came to the TP1 book at in Sep 2001. Deal Comment 1005704 Sale to Ontario 1012990 Sale to Ontario 1009225 Sale to EES 1005764 Sale to Dynegy 1003036 Sale to EES 1195982 Buy from Ontario 1195691 Buy from germany-c,"anytime monday morning is fine with me, EXCEPT, i need to be at my desk around 9:00 AM to serve the Tallahassee deal. It only takes about 5 min" germany-c,Do you still chat with Nelson? GO BUDDY GO! germany-c,"Hey there. I did get your message and yes we did wire $26,000.00 yesterday that is for a gas prepayment. Pete sent me an email earlier this week asking for a confirmation number from our treasury department of the wires we make. I like that idea and I'm still working on getting the info to add to my worksheet. thanks." germany-c,These are the points we used for June and July 2001 to deliver gas on the Bridgeline FT contract. June 2001 delivery points. Net_Quantity 15105 BRLH/CGLF (CGT YOUNGVILLE) 5035 BRLH/CGLF (CGT YOUNGVILLE) 572 BRLH/CGLF (CGT YOUNGVILLE) 11740 BRLH/ESTC - BARTON 337467 BRLH/ESTC - BARTON 264077 BRLH/ESTC - BARTON 1225454 BRLH/FGT (COW ISLAND) 69930 BRLH/FGT (COW ISLAND) 528099 BRLH/FGT (COW ISLAND) 32514 BRLH/KOCH-CRAB LAKE/DEEP LAKE 223490 BRLH/SABINE-TEXACO PLT (BYPAS) 488359 BRLH/SABINE-TEXACO PLT (BYPAS) 23035 BRLH/SNAT(WHITECASTLE) DONALDS 52163 BRLH/SNAT(WHITECASTLE) DONALDS 2100 BRLH/TETCO (TALLY HO) 20000 BRLH/TETCO (TALLY HO) 27000 BRLH/TRCO (ST. JAMES) 30000 LGP/LGS - PARADIS July 2001 delivery points Net_Quantity Destination_PL_Pt_Name 91679 TETC/BRLH (TALLY HO) 31000 LGP/LGS - PARADIS 24258 BRLH/TRCO (ST. JAMES) 66000 BRLH/TRCO (ST. JAMES) 18407 BRLH/SNAT(WHITECASTLE) DONALDS 277074 BRLH/SABINE-TEXACO PLT (BYPAS) 1742620 BRLH/FGT (COW ISLAND) 344556 BRLH/ESTC - germany-c,"Please take away my access. And I believe the following people are no longer with Enron, Martin Cuilla, Brad McKay, Denver Plachy, Sylvia Pollan, and Kevin Ruscitti." germany-c,"PG&E may have some scheduling jobs open in Bethesda, Maryland (just outside of DC). Send your resume to this person and mention my name if you are interested. Joni Veselack Phone 301-280-5277" germany-c,I did the following deals with Ms Overton yesterday. Rolled the park & loans to November. Purchased 3 transport contracts - 500L to Broad Run. 1. 2500 day for Nov-Jan 2. 2500 day for Feb-Mar 3. 3893 day for Nov only. germany-c,I need you to sell my truck and campers. You get 10% commission plus expenses. I need money now more than ever. germany-c,I would like to have access to the following directory. It has the actual Gas Daily prices loaded into excel files. I'm not sure who you have to ask but they may not let me have it. The directory is o:TDS/TDS Curve/East/ Let me know. germany-c,"Tennessee requires a pepayment or LC in the amount of $25,000.00 per SA pool. For the Keyspan deal, that essentially means we would need $25,000.00 of credit for each point, 500L, 800L, and Zone 0 = $75,000.00 total." germany-c,Probably not. I'll introduce myself to Theresa later this week. germany-c,I have these 2 contracts highlighted in yellow and coded as Agency/Release. They probably should just be release but I'll let you decide. germany-c,"My cell phone is charging in the car but I will have my pager on if you need me. My pager number is 877-498-5497. Remember, I can only see numeric messages. Have a nice day." germany-c,These are funny. I thought it might be enron photos at first. germany-c,"i took the test and this is what it said. colors green blue yello purple red black white orange You are a very sensitive person and you try hard (perhaps a little too hard) to make favourable impressions and to be recognised by your peers. But you have that inherent need to feel appreciated and admired and you are easily hurt if all of your endeavours go by unappreciated or not acknowledged. Stop trying so hard. You are very talented, imaginative and sensitive but you are holding back as you do not really like going it 'on your own'. In preference you would like to team up with someone, someone with similar attributes as your own, to explore - to seek out and go perhaps 'where no other man has trod before'. It is the unusual that attracts you and which will give you a sense of excitement and adventure. Everything seems to have gone wrong and the situation at this time is such that you are not quite sure which way to turn. So it would appear that you are 'holding back', re-consolidating your position and relinquishing all fun and games for the time being. You are holding back. You need to find friends in whom you can trust and once they have proved themselves beyond all possible doubt you will be prepared to give them your all. The existing situation is not of your liking - you have an unsatisfied need for mental stimulation with others whose standards are as high as your own. Trying to control your instincts the way you do restricts your ability to open up to others and the way you feel at this time is suggestive of 'total surrender'. This is not to your liking as you consider such thoughts as weaknesses that need to be overcome. You feel that only by control, controlling your innermost thoughts, are you able to maintain your air of superiority. You want to be admired for yourself alone and not for what you can do or for what you may have done. In essence 'you need to be needed' and at the same time 'you need to need'. You need to be respected as an exceptional individual. This is the only way that you can hope to achieve the status that you wish to achieve. You set yourself very high standards - and come what may - you abide by them. Don't date or hook yourself up with a hussy. Just remember, no woman deserves you and they should all thank their lucky stars that you even ackknowledge them." germany-c,This is what I see so far for Ogy for May. We need to buy the imbalance back that was created on the 3rd but we can chat later. germany-c,"our distinct personality, The White Knight, might be found in most of the thriving kingdoms of the time. Don Quixote was a White Knight as was Joan of Arc, the Lone Ranger and Crusader Rabbit. As a White Knight you expect nothing in return for your good deeds. You are one of the true ""Givers"" of the world. You are the anonymous philanthropist who shares your wealth, your time and your life with others. To give, is its own reward and as a White Knight you seek no other. On the positive side you are merciful, sympathetic, helpful, giving and heroic. On the negative side you may be impulsively decisive, sentimental and misdirected. Interestingly, your preference is just as applicable in today's corporate kingdoms. PG-13 1 hr. 29 min. (12:30 PM), (1:00), (1:30), (2:50), (3:15), (3:40), (5:00), 5:30, 5:50, 7:15, 7:45, 8:10, 9:30, 10:00," germany-c,"Per my discussion with Dave Evans - MidAmerican agreed to pay ENA for this gas and will not net this deal with any other deal. We also discussed doing this deal under a GISB agreement but if we have some other post-bankruptcy agreement that we can trade under then that's fine with me. You and Stacy can decide if we need to put any of this information on the confirm. Stacy also has some comments below pertaining to the GST tax that should may need to be included in the confirm. I did not discuss the GST tax, I felt fortunate that someone would do business with me." germany-c,"FYI I just checked the Tenn EBB and it does not appear that Boston Gas is releasing the Net 284 space to anyone. I also just got off the phone with Ivy at Iroquois, she is the capacity release lady. She said she didn't think that Boston Gas has been using this space at all." germany-c,"Also, I'm using Scott Goodell's ID because my doesn't work. Who do I call to get mine fixed? I know - you told me once before. I'm a baaaad person." germany-c,"Prepay for Dominion for April 2002 to be made on Friday, March 29th. I printed out the attached form and gave it to Doug Sewell. Prepay amount = 10,000 dth per day x 30 days x $2.1562 =" germany-c,"OK, I never get to talk to Ruth because SHE IS ALWAYS ON THE PHONE. And I bet she's on the phone with Shemin too!!! Should we all get together and make a conference call to Dominion like we did before or should I just call Jeff Davis myself? Our last call was Iris Kind, Bill Savier(sp?), and Jeff Davis." germany-c,"ENA is wiring Reliant $20,000.00 today at 3:30 PM. My goal is to send Reliant a wire every Thursday that will cover all ENA purchases for the next 7 days. Jim, your contact on Monday will be Robin Barbe. Her number is 713-853-7177. Thanks everyone and have a good weekend. Chris L. Germany Manager, Gas Trading Phone 713-853-4743 Fax" germany-c,Nosir. You are the man working on this FREAKY pipe. germany-c,"Good Morning! I love taking Fridays off. I see Kathy sold 10,000 dth for the weekend. Let me know what you want to sell for tomorrow. If I don't hear from you by 8:00 AM C.T. I'll just sell 10,000 dth." germany-c,I am a proud papa. Tired but proud. What happened to all my spare time???? Here is a link to my homepage so you can see the little angle. Its and AOL homepage and many folks have a hard time seeing the photo's. germany-c,This is very interesting. It doesn't sound legal unless SIGCORP agreed to pay for November upfront. Thanks for the info. germany-c,"Yesterday I asked you how to go about paying an invoice from Peoples Energy for $1,380.44. The charges are for a license fee, a customer service, and an outstanding balance of $983.75. I found out this morning that we are using this system to do nominations for Enovate. Eric Boyt said he thought the Enron people managing the Enovate deal are Beth Jenkins and J.O. Pagan. Should I forward this invoice to Beth or J.O.?" germany-c,I echatted with Dan. He said the number is 212-398-6300 and HE THINKS the name of the person is Allen Fuchs. germany-c,I will be taking a (much) later lunch today. I mean look at the time and I'm still here. And you all know how food pretty much ranks number one in my life too. Call me on my cell if you need me. 832-867-3346. I'm not sure what time I'll be leaving. germany-c,Thanks for the invoices and the Tidelanders Chorus info. You gave me Feb and Mar 2002. Do you have the Dec 2001 and Jan 2002 invoices? germany-c,"Hey team. ENA should be wiring Reliant $25,000.00 today. I will be out tomorrow and Christina Sanchez (713-345-7791) will be backing me up. Christina, tomorrow morning, call Jim Taylor (713-207-1482) by 9:00 AM and let him know if we are taking the gas or not. If Jim isn't there, ask for the person trading Florida. Malory (don't know her last name or her number) has been backing Jim up this week. Reliant has the option of giving us the gas in Z2 or Z3 at a Z2 GD price. Jim will also let us take different volumes on different days over the weekend, even though it hasn't happened before. Have a good weekend!" germany-c,"Looks like we are getting another $5,000.00 from the asbestos settlement. Maybe I should just keep this to myself. I'm so poor and I need so much. Don, why don't I mail this other ag exemption to you and you can fill it out just like the first one you sent in? What mailing address should I use? I'm going to the doctor this afternoon for my allergies. I hate getting old." germany-c,I will be available by 9:05 AM. I have to buy gas around 9 am every morning. germany-c,I had the time of my life. My only regret was not being able to spend more time with you. thx for the invite. i think my happy hour days are almost over. germany-c,"Matt has a new job, following is our IM conversation. mbfleming3: yo Trogg 522: Buddy mbfleming3: hows the week going for you Trogg 522: i'm so so tired Trogg 522: i want to go to sleep in the worst way. mbfleming3: take a day odd mbfleming3: off Trogg 522: no no no, i do like to take fridays off though mbfleming3: fridays would be better mbfleming3: so my job search is over. Trogg 522: yes sir, i mite do that too. REALLY Trogg 522: so whats the scoop Trogg 522: you are going to work for barer rite mbfleming3: going to work for marathon oil Trogg 522: barker Trogg 522: cool, where are they Trogg 522: when do you start Trogg 522: what are you going to be doing Trogg 522: can i tell everyone mbfleming3: one at a time Trogg 522: oh don't worry, i wrote them all one at a time mbfleming3: i meant one question at a time mbfleming3: they are off of san felipe in the galleria mbfleming3: i start next monday/tuesday Trogg 522: how many people are you echattig with at this moment? STOP IT and answer my questions mbfleming3: i was on the phone Trogg 522: oh, ok mbfleming3: i will be starting a new group doing business develp and marketing Trogg 522: can i tell everyone? Trogg 522: or do you want to do that. mbfleming3: you can tell people Trogg 522: so what is your tittttle Trogg 522: New Group? what business are you going to develope? mbfleming3: phone call please hold Trogg 522:" germany-c,"I am changing the following deal tickets in Sitara for March 2002. I'm still not sure what to do about all the volumes showing up in Sitara for non-active deals. Counterparty Sitara Pipeline Comment Midland Cogen 332163 PEPL Changed volume from 0 to 5,000 per day Midland Cogen 340362 TRKL Changed volume form 0 to 6,800 per" germany-c,I'm going to a Unitariean church on Sunday. Not happy about it either. Jerry W Germany on 04/27/2001 12:55:59 PM To: Chris.Germany@enron.com cc: Subject: Re: Hye I'm off Sunday if you need help.... Chris.Germany@enron.com on 04/27/2001 09:40:27 AM To: Jerry W Germany cc: Subject: Hye Guess I won't need you tonight. My woman and I are going to a movie. germany-c,Works great. Thanks. germany-c,I need to verify your fax number please. The online directory is showing 713-646-8000. Let me know. Thanks germany-c,I'll be taking off the 1/2 day next Tuesday April 16th and all day next Friday April 19th unless someone has pressing needs. Kathy Kelly will be backing me up on all gas activity next Friday. germany-c,I leaving for the day. I'm going to drop by Shemin's office (if I can remember which one it is) and leave what I have on the contracts. It's slow going because it takes a long time for the contracts to pop up on the screen. germany-c,"Max, I forgot all about you needing this. I'm working on it now and I'll highlight the items as I do it in case it takes a couple of days. This is what I have done so far." germany-c,Same thing as yesterday. I requested a wire in the amount of 244.20 (2000 dth x $.1221 per dth) which is for gas flow on ENA's IT contract #2891 on 2/6/02. I negotiated this deal with Michelle in the bid room. You should have received this yesterday afternoon. Thanks germany-c,You still don't understand how things work. You are suppossed to always have that info at my beck and call. germany-c,Louis Dicarlo said you should chat with Sara Shackleton about the Dominion ISDA agreement. BUT you may already be doing that. germany-c,"I printed this out and gave it to Doug. My revised prepay amount for Thur is $10,000.00." germany-c,"Have we flowed any IT transport on the East Desk pipelines for the month of January? I think the answer is no but I wanted to double check? If we did, then I need to know the pipeline, contract number and probably the volume. Thanks." germany-c,Is my buddy Robert Allwein working with you? If so give him a big kiss and a hug from me. germany-c,"Hey woman! What are you doing talking to my pregnant chic? I going to tell her that anything bad you said about me is a lie. AND YES, all I do is goof off. What else is there to do? How's your boy doing? How are the cats? How's the job? How old are you?" germany-c,Tallahassee called on the gas for the weekend. I had planned for that in my numbers but I had no idea prices would go up $.07 - $.11 for the weekend - my fault. This makes my cash balance at Reliant short by about $130.00 if prices post on the high side. My trading contact at Reliant said that his credit department DOES NOT want to work with us at all. My contact said his credit department could force him to cut the deal. We won't know until this afternoon or Monday. So please try to get the wire out today. germany-c,Our new assistant checked on paternity leave. I get 1 germany-c,We are taking you fine young people to Lupe Tortillia's at 2414 Southwest Fwy (between Shepherd and Kirby on the north side of hwy 59. We would like to meet there at 6:00 PM. We will have Ingrid's cell phone and her number is 713-304-6254. germany-c,Just heard from Robin. Sad stuff. My MSN doesn't work. germany-c,I was going to call and harasses you but no one answered your phone. I'm pretty sure my purpose on life is to make you miserable. What do you think? I will be out of the office this afternoon after 2:00 pm - Tenn shipper meeting. germany-c,Please grant Robin Barbe the following origination from TP1. Deal Date Volume Orig Tot orig 1129458 10/24 2880 $.02 $58 1125595 10/23 2952 $.02 $59 Deal 1129458 is in the New England book. I did a desk to desk with germany-c,"We have some Trco long haul capacity for 1 year starting 5/1/2001, contract 3.8924. This is a mini asset deal with PSE&G. Transco has agreed to bill PSE&G for the demand charge. I took the demand charge off the sheet and zeroed out sitara effective 5/1/2001." germany-c,Larry and I have wires request for you and we don't know where you sit now. Where are you? germany-c,"The attached worksheet has the Boston Gas contracts on Iroq and Tenn and the AEC contract on National Fuel along with all the other contracts we have on Iroq, Nat Fuel, ant Tenn. The contract number is in column P and the three contracts are highlighted in a light blue." germany-c,I sent you the fax yesterday. It really looks like all the contracts were terminated effecitve 12/31/2001 to me. germany-c,"That would be great if you could tell me. I show we wired $22,500.00 at 12:00 PM on the 6th, and we should have wired $20,000.00 around 3:30 PM on the 8th. I would be happy to include you on the schedule below that I email to Jim and Pete showing this activity. Let me know. You might let your accounting department know that we plan on wiring money to Reliant every Thursday, enough money to cover supply for the next 7 days." germany-c,"Ivy I have been having problems trying to log into Iroquois EBB to release capacity to Boston Gas. Please release the following capacity to Boston Gas for March 2002, pre-arranged, subject to bid. It should be the same as offer 50136 for February 2002. Releasing shipper contact Chris Germany Phone number 713-853-4743 Fax number 713-646-3037 email address chris.germany@enron.com Releasing contract number: 6999 Begin Term 3/1/2002 End Term 3/31/2002 MDQ 35,465 Minimum bid volume 35,465 Receipt Point Waddington Delivery Point Tenn/Wright Bid period start 2/26/02 1:00 PM Bid period end 2/26/02 2:00 PM Prearranged bid rate 100% of max rate Prearranged bidder Boston Gas Prearranged bidder contact Liz Danehy Phone number 617-723-5512 Fax number 617-323-5372 email address Let me know if I missed something. Thanks Chris" germany-c,We are having a happy hour for Dan tomorrow. Would you like to come? I have not decided where to have it yet. To: Chris Germany/HOU/ECT@ECT cc: Subject: Re: Cigars When are we getting that beer (that you owe me ) ????? on 04/27/2001 12:42:21 PM To: ""'chris.germany@enron.com'"" cc: Subject: Hi ""Memento"" is showing at the Greenway at 7:20." germany-c,"Lee Ann, sounds like Gloria is our key person. Don't worry about it my request." germany-c,"No chic - business trip. May not go because tickets are $900. I waited toooooooo late doggoneit. ""Veselack, Joni"" on 05/08/2001 02:07:38 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: Who is doing Tenn 500/800?? Which chick are you taking with you???" germany-c,Please give my EOL id the ability to trade Canadian Gas products. My ID is ADM81300. Call me at 3-4743 if you have any questions. germany-c,"These are the mid values for the following deals. Deal Book Mid Value 1065846 TP3 selling to TP1 NX1 + .13 1065497 TCO selling to TP3 NX1 + .08 241639 TCO purch from AEc NX1 + .08 219618 TCO sell to AEC NX1 + .08 Kimat, would you enter deal 1065846 and 1065497 in Tagg please?" germany-c,Judy's Rob works at Lasco in Sugarland. She said there are several of those in Houston. germany-c,"Sold TXU 10,000 dth of Cayanosa for 5/2/02 at $3.51. Sold TXU 10,000 dth of Cayanosa for 5/3/02 at $3.36. Sold TXU 10,000 dth of Cayanosa for 5/4-6/02 at $3.18." germany-c,I'm not sure what you mean by valid. We are not physically flowing any of this gas right now. There are some small Appalachian producers on here that are still up in the air but we will probably reject those contracts anyway. germany-c,YES. I think we spent an hour and half at ??babie r us on hwy 59 sunday. Didn't know if i was going to survive. germany-c,No wire for tomorrow since we are moving. We will do a cash request tomorrow and send out a wire on Friday. germany-c,I just found it. Sorry about that. I will probably be sending you several emails between now and Monday. Thanks. germany-c,Sending via Microsoft Outlook. Does this work? $3.7875 by germany-c,"Update: ENA was buying daily swing gas from Sequent on Florida to supply the City of Tallahassee deal. Sequent says this deal is an administrative burden and has elected not to supply any more gas to ENA after 2/1/2002. Scott Goodell called Aaron Bohall with PanCanadian to see if they would become our new swing supplier. Aaron told me that they would sell us gas under the following conditions, the deal has to be on PanCanadian's paper we need to let PanCanadian know by 8:00 AM every morning and ENA must take the same daily volumes over weekends and holidays. This is a problem because Tallahassee does not have to take the same daily volumes over weekends and holidays and Tallahassee does not need to notify ENA until 9:00 AM. Aaron will see if they can work with a 9:00 AM deadline." germany-c,Let me know if you see this. Thanks Chris germany-c,I didn't make tooo many changes. Take a look at Florida and Koch. germany-c,"This is what I want to send to our ""Team"". Would you please do a quick review just before I send it out? These are my notes on the Sonat Park & Loan. I have not spoken with any legal counsel representing ENA. Summary: Sonat has netted our Parked Gas Balance with our Loaned Gas Balance and filed a motion with the courts to retain the remaining Parked Gas Balance, 92,949 dth per my conversation with Sonat, to offset $879,030.42 ENA owes Sonat for the purchase of gas in October 2001. According to Sonat, the payment was due November 26, 2001 but ENA did not pay. ENA recognizes a balance of 197,537 dth - the difference is ENA is not netting the 96,000 dth Loan with the park and Sonat is showing and additional day of withdrawal of 8,588 dth in January 2002. Chris's notes: Sonat Park & Loans 2/19/02 History - Per Dave Dyer (205-326-2007) at Sonat ENA has 2 Park & Loan (PAL) contracts with Sonat. All PAL's with Sonat are under master contract PAL1001. Sonat assigns a deal number to each deal under this contract. Deal #1424 - ENA borrowed a total of 96,000 dth from Nov 3rd-5th and has not paid this back. ENA still owes Sonat 96,000 dth. The terms of the deal were to payback Sonat anytime with 3 days notice on any 3 days on 2002, SONAT ONLY CHARGED ENA $96.00 FOR THIS DEAL, because Sonat needed to get gas off the system. Deal #1222 - ENA parked 309,192 dth in August to come out in Jan 2002. Sonat let ENA withdraw 42,951 on 11/29/01 leaving a balance of 266,241 dth. In Jan 2002, ENA withdrew 8,588 dth per day for the 1st-9th. That left a balance of 188,949 dth. On Jan 8th, 2002, Sonat sent a letter stating that Sonat will hold on to the remaining to balance to offset 1) the Loaned gas on deal #1424 (96,000 dth) and 2) to offset dollars ENA has not paid Sonat for gas Sonat sold to ENA in October 2001. According to Sonat, the remaining balance on this deal is 92,949 dth = [309,192 parked in Aug - 42,951 w/d in Nov - 77,292 w/d in Jan - 92,000 balance on #1424]. According to Sonat's letter, Sonat has filed the appropriate motion for court approval for the offsets. According to Dave, ENA is being billed $.00305 x daily balance in this account. ENA should have paid some bigger amount went the gas was parked in August. Other items; ENA purchased system supply from Sonat in October 2001. ENA purchased 286,998 at an average price of $3.063 = $879,030.42. According to Sonat, ENA did not pay for this before Enron declared bankruptcy. ENA also sold Sonat gas - 16,000 dth day at $2.885 (sitara #1172076) in January 2002 and 10,000 dth day at $2.955 in May 2002 (sitara #1172087). ENA used 77,292 dth (8,588 dth per day for Jan 1st - 9th) of the parked gas on deal #1222 to supply the 16,000 dth before Sonat stopped ENA from withdrawing from the park. ENA defaulted on 418,708 dth of the Sonat deal in January. Sonat's in house legal counsel is Patti Frances (205-325-7696). I left a message for Patti to call me. 2/20/02 Patti Frances returned my call. Patti said the motion is currently set to be reviewed by the court on March 6th. I asked Patti if there were any penalties for not performing on the Jan 2002 sale to Sonat and if Sonat was going to pay for the 77,292 dth that ENA did supply. Patti said she didn't think there were penalties but she would verify that and see if they were going to pay. I also asked her if Sonat is still honoring the ENA sale to Sonat in May 2002 and if Sonat would pay ENA if ENA performed. She will check on it and call me back." germany-c,"Lets see, stock is trading at $7.29. I believe you will see lots of folks looking for employment elsewhere." germany-c,"PRTate01: don't know if you've asked before, Northeast in Janelle's region is Brian Smith. He was already a Cinergy employee, but moved into her group. ring a bell?" germany-c,"Update on a new swing supplier as of 4:00 PM on Friday I've called PanCanadian, e prime, Cinergy, Reliant, Coral, ONEOK, and Entergy-Koch. I'm waiting for most of these people to call me back. The only positive response I've had is from Coral and he still doesn't know if he can sell us gas even if we prepay. ONEOK is the only counterparty that said they will NOT do business with us because we owe them $40 million. Today we learned that Bridgeline sent comfort letters to their customers, informing their customers that Bridgeline will NOT sell us gas. Margaret, it looks like Monday may be another fire drill day but I promise to keep working on it until 1) I have two suppliers that will work with ENA or 2) I've run out of customers to call." germany-c,Enbridge is going to send me an invoice tonight or tomorrow. They have been sending us and invoice each month. I'll get back to you. I just know we owe money on this and I hope its not more than what we are making on the deal. germany-c,"[Germany, Chris] Hey, I went drinking last night and you weren't there. So I just talked bad about you." germany-c,I'm still passing out your name and number to people that are looking. I only give it to people that I think would fit in a capacity role. Are you OK with that or should I stop? germany-c,"My contact at Tennessee, Sherry Noack, said she doesn't see any problem with us releasing the Tenn Boston Gas capacity. Iroq pretty much said the same thing last week but I will verify that again after lunch." germany-c,Thanks!! germany-c,In the past someone at Bridgeline would call someone at ENA or vice versa to approve the deal ticket so that the deal terms would populate the accounting system. Note: this would only happen with Brigdeline because it is and Enron affiliate and because we are using the same trading systems. Approving this ticket will give Bridgeline the ability to bill ENA. I think there might be another way to do this without someone at ENA approving a ticket. I'll see what I can do. germany-c,I just briefly told Ed what you and I discussed. He doesn't seem to want any additional info. I'll keep my notes of our conversation anyway. germany-c,You want to work out the title transfer with them. 979-798-8715 This is my beautiful transport worksheet for Uncle Frenchy. What do you think? <> ********************************************************************** - germany-c," Hey, I hope the web link above works. It takes forever to respond when I log into Enron's email and hit reply." germany-c,"I'm trying to get in touch with Gerald Gilbert. He started working there on 2/1 I think. You may not know him but if you do, ask him to call me at 713-853-4743." germany-c,"ENA and Bridgeline use the same trading/accounting system, Sitara and Unify. In the good ol' days, the traders would enter the deals in Sitara (which includes volume and pricing terms). Accounting would use Unify to track the volumes and bill and pay our counter parties. Unify gets the pricing information from Sitara. Bryant Baker at Bridgeline is asking me to approve Sitara deal #1190691. This deal shows Bridgeline Storage Company as the seller of storage service and Enron North American as the buyer. The demand charge on this deal is $313,500.00. Bridgeline needs someone at ENA to approve this ticket so the Bridgeline system will be able to generate and invoice. Would this have any impact on our Bridgeline negotiations or our legal rights if I approve this ticket? According to Cyndie in Global Contracts, this will not create a confirmation." germany-c,"I am micro-managing this deal and I don't want it to catch you by surprise. If you look at my schedule for March, you will see that it is possible for ENA to have a negative cash balance with Reliant before I make the Thursday prepay based on the daily spike in prices. I get the estimated prices from Jim. Do you want me to make a prepayment on Wednesday or are you comfortable with the regular Thursday prepayment? I need to know by tomorrow morning. I have to request prepayments the day before the wire goes out." germany-c,"I'm not sure if it should be terminated but to my knowledge we are not serving this deal so it probably should be terminated. I'm going to a ""terminated contracts"" meeting this morning so maybe I will find out more about how this works. I also don't see any volumes on this deal for March." germany-c,I'm coming over after I work out today. I'm coming over after i work out tomorrow too. I won't see you Friday or Saturday. germany-c,"Melissa verified receipt of our $45,000.00 wire yesterday. Thanks Melissa. You should receive the following wires today. $683,835.20 for baseload gas on Trunkline (6,800 dth x 31 days x $3.244) $1,365,767.00 for baseload gas on Florida (13,000 dth x 31 days x $3.389) Our current swing gas cash balance is $81,700.00 so we may not send another wire until next week. Also, Robin Barbe will be my backup when I'm out. Her number is 713-853-7177." germany-c,"I wonder if HR changed this holiday schedule over the last couple of months? Let's ask Kathy, she will know." germany-c,I'm busy that day. JUST germany-c,"CALP released their 40,000 dth to ENA for Nov-01 through Mar-02. The new contract number is 71451 and it should be set up in Sitara." germany-c,I'm working on my contact list. It looks like I'll have better luck after lunch. FP&L asked me to call back after lunch. Judy said that Scott Neal just doesn't want to talk about it till after trading. Interesting note (and I'm keeping track of my notes) AEP will not buy gas from Enron. I spoke to Elsa Villarreal (works for Houston Pipeline). She called Todd Lambert in her Columbus office and Todd told Elsa that AEP will not buy gas from Enron. I'll keep you guys posted on my Bridgeline notes through out the day. germany-c,Who would have this info? And it might be a good thing for me to add to the schedule. germany-c,"Susan, I got your email address from Scott Goodell. I hope things are going well for you and I don't know if you are working or staying at home so this may be a non event. CMS Energy is trying to develop a presence in the North East. A headhunter set me up with an interview at CMS last Friday. I spoke with Curt Lizzi, Vice President of Wholesale Gas Trading. I don't know why he agreed to see me because 30 min into the interview he said I wasn't what he was looking for. He wants someone with contacts and cash trading experience. He said he hopes to be looking for someone like me in about a year. You just never know. His number is 713-230-7205. Let me know how things are going. ME?? just focused on living in sin with a pregnant girlfriend. later" germany-c,I just received a copy of the executed Reliant agreement today. Do you want a copy? germany-c,"Deal 1035543, a sale to Giant Refining Company, was terminated effective 12/1/01. It looks like the Trk Nom and Schd volumes should be taken out. Position: Origination Manager Reports To: Director, Marketing Location: Houston, TX Responsibilities: Select employee will manage the current term sales for the company, sell additional services or products to existing customers, and identify and develop new markets for the company's products and services. Duties include: Maintaining and fostering relationships with existing customers, including managing and renegotiating existing agreements, marketing new services and expanding sales to existing customers. Preparing cost analysis to support new marketing agreements and modifications to existing marketing agreements. Providing leads to the Business Development and Asset Teams and providing necessary marketing support in the development of the leads. Coordinating with field operations and scheduling personnel to ensure that the most efficient gas flow is utilized to serve new markets and/or changes in existing markets and supply. Communicating with contract administration and financial personnel to ensure that all new agreements and revisions to existing agreeme Requirements: Qualified candidates will possess a four-year college degree, a minimum of 5 years of progressively responsible experience in natural gas Marketing and a thorough knowledge of all aspects of the natural gas industry. Strong interpersonal and leadership skills and a commitment to customer service. Contact: Enbridge Energy Company, Inc. Human Resources Department 1100 Louisana Suite 3300 http://escript.dom.com/ to access the Dominion EBB. Dominion used to be called CNG. germany-c,Does that fried guinea pig taste like CHICKEN??? germany-c,I hope I have the right Bob Hall. I'm trying to get sitara access to the West and Texas Desk and they have not been approved yet. I'm waiting for Phillip Love (now with UBS) to approve the West and O'Neal Winfree (not sure who this is) to approve the Texas Desk. Tommy Yanowski was able to help with a couple of these but it looks like we need to get the approving parties changed. I also left a message for the help desk about this. germany-c,"Looks like a pain in the ass girl. Let's see, that would make 2 in my household." germany-c,"we knew we were moving yesterday but we though we would have our systems availabe till after lunch. I was wrong. We were working at 9:45, I stood up for something and the movers took my chair. We had just lost our phones at that time too." germany-c,"Ruth Concannon told me we want to try and sell the parked gas on Sonat. This is what we have found out over the last 2 days. ENA no longer has the ability to do nominations on Sonat's scheduling Christina Sanchez (ENA Scheduler) believes that under normal conditions, we can sell the parked gas on Sonat without doing any nominations. The party we sell the gas to would nominate the gas away from a specific PAL meter and reference our PAL contract as the upstream contract. Today I spoke with Tammi Depaolis at Sequent - she is interested in buying the gas and she might prepay for it. I need to know; 1. What volume to sell, I assume we are talking about 188,949 dth on deal #1222, which means we ignore the loaned volume of 96,000 dth on deal #1424. 2. What period do I sell the gas for? All out by March 31st subject to the operational conditions on the pipeline? Or base load in April? I prefer all out by March 31st but I would like to ask the pipeline if that's ok? 3. How many bids do I need to get? I called Sequent because I know they are active on Sonat. 4. This may not matter but did Sonat ever pay us for the gas ENA sold them in January 2002 (see items in red down below). Tammi will probably check with the pipeline to see if its ok to take our gas. I don't want to sell gas to someone then find out the pipeline will not let them take it. All of my previous notes are shown below in blue. Summary: Sonat has netted our Parked Gas Balance with our Loaned Gas Balance and filed a motion with the courts to retain the remaining Parked Gas Balance, 92,949 dth per my conversation with Sonat, to offset $879,030.42 ENA owes Sonat for the purchase of gas in October 2001. According to Sonat, the payment was due November 26, 2001 but ENA did not pay. Sonat's motion is set to be reviewed by the court on March 6th. 2/19/02 History - Per Dave Dyer (205-326-2007) at Sonat ENA has 2 Park & Loan (PAL) contracts with Sonat. All PAL's with Sonat are under master contract PAL1001. Sonat assigns a deal number to each deal under this contract. Deal #1424 - ENA borrowed a total of 96,000 dth from Nov 3rd-5th and has not paid this back. ENA still owes Sonat 96,000 dth. The terms of the deal were to payback Sonat anytime with 3 days notice on any 3 days on 2002, SONAT ONLY CHARGED ENA $96.00 FOR THIS DEAL, because Sonat needed to get gas off the system. Deal #1222 - ENA parked 309,192 dth in August to come out in Jan 2002. Sonat let ENA withdraw 42,951 on 11/29/01 leaving a balance of 266,241 dth. In Jan 2002, ENA withdrew 8,588 dth per day for the 1st-9th. That left a balance of 188,949 dth. On Jan 8th, 2002, Sonat sent a letter stating that Sonat will hold on to the remaining to balance to offset 1) the Loaned gas on deal #1424 (96,000 dth) and 2) to offset dollars ENA has not paid Sonat for gas Sonat sold to ENA in October 2001. According to Sonat, the remaining balance on this deal is 92,949 dth = [309,192 parked in Aug - 42,951 w/d in Nov - 77,292 w/d in Jan - 92,000 balance on #1424]. According to Sonat's letter, Sonat has filed the appropriate motion for court approval for the offsets. According to Dave, ENA is being billed $.00305 x daily balance in this account. ENA should have paid some bigger amount when the gas was parked in August. Other items; ENA purchased system supply from Sonat in October 2001. ENA purchased 286,998 at an average price of $3.063 = $879,030.42. According to Sonat, ENA did not pay for this before Enron declared bankruptcy. ENA also sold Sonat gas - 16,000 dth day at $2.885 (sitara #1172076) in January 2002 and 10,000 dth day at $2.955 in May 2002 (sitara #1172087). ENA used 77,292 dth of the parked gas on deal #1222 to supply the 16,000 dth before Sonat stopped ENA from withdrawing from the park. ENA defaulted on 418,708 dth of the Sonat deal in January. Sonat's in house legal counsel is Patti Frances (205-325-7696). I left a message for Patti to call me. 2/20/02 Patti Frances returned my call. Patti said the motion is currently set to be reviewed by the court on March 6th. I asked Patti if there were any penalties for not performing on the Jan 2002 sale to Sonat and if Sonat was going to pay for the 77,292 dth (8,588 dth per day for Jan 1st - 9th) that ENA did supply. Patti said she didn't think there were penalties but she would verify that and see if they were going to pay. I also asked her if Sonat is still honoring the ENA sale to Sonat in May 2002 and if Sonat would pay ENA if ENA performed. She will check on it and call me back. 2/25/02 Per Kay Mann - Mark Ellenberg is the legal counsel assigned to this contract. 1:10 PM. Left a follow-up message for Patti Frances regarding our conversation on 2/20/02. 3/11/02 Per Ruth - Mark Ellenberg wants us to try and pull the gas out of the Sonat Pal. Christina Sanchez (ENA Scheduler) will find out 1) if we still have access to Sonat's EBB and 2) if we can nominate the gas out of the PAL's. 3/13/02 Per Christina - ENA's ID's and passwords have been cancelled. Christina called Barbara Gilbert (205-325-7310), ENA's account rep at Sonat - Barbara said she would talk about this issue with Sonat's legal counsel and see if its ok to set up ENA with an ID. Christina also believes we could sell the gas without doing any nominations. The party we sell the gas to would use a specific PAL's meter and reference our PAL contract as the upstream. 3:30 PM Tammi Depaolis (832-397-1728) at Sequent is interested in buying this gas and she might prepay to get it. She will see if they can take the gas without ENA doing a nomination. I need to verify the volume parked and when I want Sonat to take it out. 3:40 PM Barbara is waiting to hear from Sonat's legal department." germany-c,"anytime i say ""jump"" phil and larry say ""HOW HIGH"" which is the way it should be. now, somebody fetch me a diet coke!!" germany-c,"We have a discount on Tenn k#2891, Z0 and 500L to Carnes for Oct 1-31st, up to 20,000 per day. Rate =" germany-c,"One day a farmer's donkey fell down into a well. The animal cried piteously for hours as the farmer tried to figure out what to do. Finally he decided the animal was old and the well needed to be covered up anyway. It just wasn't worth it to retrieve the donkey. He invited all his neighbors to come over and help him. They all grabbed a shovel and began to shovel dirt into the well. At first, the donkey realized what was happening and cried horribly. Then, to everyone's amazement, he quieted down. A few shovel loads later, the farmer finally looked down the well and was astonished at what he saw. With every shovel of dirt that hit his back, the donkey was doing something amazing. He would shake it off and take a step up. As the farmer's neighbors continued to shovel dirt on top of the animal, he would shake it off and take a step up. Pretty soon, everyone was amazed as the donkey stepped up over the edge of the well and trotted off! Now, the Moral of the Story: Life is going to shovel dirt on you, all kinds of dirt. The trick to getting out of the well is to shake it off and take a step up. Each of our troubles is a stepping stone. We can get out of the deepest wells just by not stopping, never giving up! Shake it off and take a step up! Remember the five simple rules to be happy: 1. Free your heart from hatred. 2. Free your mind from worries. 3. Live simply. 4. Give more. 5. Expect less. P.S.: The donkey later came back and kicked THE SHIT out of the bastard that tried burying him. Moral: When you try to cover your ass, it always comes back to get you." germany-c,???? At Leach or the Pool. germany-c,I tried to call you to hassel you again. The phone rang 3 times and I hung up. germany-c,"she is at superior, do you need her for something? what are you doing?" germany-c,"Hi team. I apologize for the short notice but I need to take off this afternoon. I will have my cell phone. The number is 713-557-5095. Most of my time will be spent waiting around in the Dr.'s office just to have a 5 min chat, so feel free to call me if you need anything. I also plan on taking Monday off. Robin will be handling the physical activity." germany-c,"NOW THAT's WHAT I LIKE TO HEAR!!!! Thanks Drew. Ok, no more bad talk about Drew for the rest of the week. Is today Friday? just" germany-c,I just heard that Michelle Yee Lokay is leaving TW for Cook Inlet in LA. I've never heard of her. How about you. germany-c,"I applied for the Origination - Wholesale position, job #1154 on the job posting board. I would like to have the attached resume sent to the hiring manager as well please. Please let me know if you have any comments or questions." germany-c,I'm off tomorrow. What are we doing? Selling my Dad's wares and making a fortune? germany-c,I want PHOTOs!!!! germany-c,"Summary: TDC Energy Corporation is requesting payment of $203,196.00 from ENA for post-petition gas that flowed in the month of December 2001 (sitara deal #1143983). TDC stated that it would ""file a claim for administrative expenses in the bankruptcy court in New York and seek all other necessary relief against ENA"" if ENA did not remit payment by the close of business Feb 22, 2002. Based on the information in this email it appears that ENA should pay TDC $203,196.00. Kay, Ed, Question: I have not contacted TDC to determine if they have filed a claim with the court. Would that have any impact on making a payment to TDC? Should I contact TDC? Calculation of Post-Petition Payment using Dec 3 as Post-Petition day Gas scheduled Dec 3-24, 26-31 = 28 days, volume = 3,000 dth per day 28 x 3,000 x $2.419 =" germany-c,Hey girl. Who are you working for? You know all my favorite women (except for Judy) work for EnronOnline. germany-c,"BETH!!! Donna!!! Welcome to the party! Wade, I don't know how to handle these deals in Sitara or Tagg but I bet someone on this distribution does. 1. Does anyone have any idea on how to stop deals 340305 and 332163 from creating an invoice each month? 2. There are deal volumes in Sitara for the East, Central and West desk. Should these volumes be zeroed out or should we just focus on keeping tagg updated and not worry about Sitara? Maybe someone is working on the Sitara deal volumes." germany-c,I've never talked to Ed about any of this. I just sent him this email the day you and I spoke. You might forward this on to him with your comments. germany-c,"As long as I don't have to change diapers I'm a happy camper. I saw someone do that on TV once, yeeeech!" germany-c,I get real tired of this guy. For whatever reason he and I just don't seem to comunicate real well. germany-c,I have to keep working until you get here!!!!!! germany-c,"I'm at my new desk on the 4th floor. I'm here, my computer is here, but it looks like my phone has not been activated. So I don't know when I'll be able to call and aggravate you. Email aggravations just aren't the same. Please try to think of some of our old conversations, especially those where you would look up and to the left uttering ""oh my GOD!""." germany-c,"arnt u a sweetie. now i can go home ""Immer, Ingrid"" on 05/15/2001 02:59:01 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: Agency Agreements Sent you a fax at 646-8453." germany-c,"Richard James Taylor was born on Jan 15th. He weighed 7 lbs 11 ozs. Jim would like to meet for lunch, HIS TREAT, one day. Of course he doesn't want to meet me, he wants to see Judy P. But the boy is smart, he knows that the best way to see Judy P. for lunch is to invite me. See there, you are still a benefit to me. So how about Thursday?" germany-c,Maybe we should have the transport books roll up into the ENA Upstream book - then us little transport folks could work with the wellhead desk instead of against you. That way we could get credit for our knowledge even though it doesn't show up on the bottom line of our P&L. germany-c,"Robert, Rhonda may be adjusting the Leach volume (14,288) up or down a few dth's to balance every day. That's ok. Somebody tell Barker what a nice guy I am." germany-c,"When: Wednesday, April 17, 2002 11:30 AM-12:30 PM (GMT-06:00) Central Time (US & Canada). Where: Sydney, Austrailia" germany-c,yes maam. GOOD LUCK!! germany-c,"Hey, buddy. I hope things are going well with you. The pipeline is the place to be these days. I appreciate the emails of the imbalance statement. Would you send the hard copies to the following address please. Ponderosa Pine Energy Partners, LTD. C/O Enron North America Attn: Theresa Vos ECN 1005 1400 Smith Street Houston, TX 77002 Just in case you need it. Her number is 713-345-8173. Thanks." germany-c,"This doesn't have everything on it AND i thought about just doing something more like a summary thingy with pretty much the same info on it. I want you to take a look and tell me what you think. I actually think a summary thingy, sorta like the info we used to have on the grease boards for bid week, would be easier to look at. Give me your thoughts." germany-c,I've been waiting for an opportunity to speak with you but it appears that you have been very involved. Daren Farmer works for Tom Martin on the Texas Desk upstairs. Daren just accepted a position with AEP and Tom asked me if I would be interested in Daren's position. I told him I would and I asked him to touch base with you. germany-c,Here is a picture of my pregnant woman on the net. I'll being adding more pictures this week. Make sure you scroll down and read the comments at the bottom. germany-c,How does the agency with PG&E Energy Services work? I show that EES is agent for two PG&E contracts. Contract 67309 on CGAS and 67310 of Col Gulf. germany-c,"This prepay amount is on Phil's cash flow worksheet. I'm requesting $26,000.00 to be wired to Reliant tomorrow and currently estimating $36,000.00 to be wired next Thursday." germany-c,Thanks. So far so good but I'm too damn old to be a dad. germany-c,You should have the email below in your inbox talking about the producers on CGAS. Reply to the email below once you find out if you are able to use the producer's gas without maintaining a balance. germany-c,Fantastic. You behave yourself and try to get us jobs TOO!!!!!!!!!! germany-c,"Looks like my computer is working, not real well but it is working. I have my phone now too." germany-c,"Don't forget about me. I'm still trying to find out what it will take to move gas on and ENA tabs agreement. No transportation at this point, just a tabs. Also, it will be much easier for you guys to monitor because most of the deals will be monthly." germany-c,"Robin is at home. She tried to call you this morning and I suggested that I just send you an email of some of the items she wanted to discuss and you could call her when you have time. Melissa, Daniel, didn't know if you had her number on file. Her number is 713-721-0709. GELP - Gordonsville Energy, L.P. (deal 599653) CALP - Commonwealth Atlantic Limited Partnership (deal" germany-c,Should I cancel the wire that is scheduled to go out today? It might be too late but I can check. germany-c,"YOU BET. I'm going to work out after work, go home, get comfy clothes, go by Walgreen's for drugs, pick up a ""guy"" movie, then drop by the immer palace. ""Immer, Ingrid"" on 05/11/2001 01:45:16 PM To: ""'chris.germany@enron.com'"" cc: Subject: Can I make you soup for dinner tonight, if I promise it has meat in it?" germany-c,"I have 2 email addresses. chris_germany61@hotmail.com <==primary email address. trogg522@aol.com I know, where did I come up with a name like trogg522? My apartment is only 522 sq ft and it makes me feel like a caveman (TROGG)." germany-c,Jon asked some lady to call me back and she didn't know either. At first she did it the way you show it on your worksheet. Then when I told her that normal demand charges ( a 1 year deal at max for example) are the same each month regardless of how many days there are in the month she got confused. I guess we will find out when we get the invoice. germany-c,"Two email contacts for you are Ed Mcmichael Jr. and Eric Boyt. Also, Ruth Concannon and Maria Garza on all transport related items." germany-c,"Daniel, please get us a conference room for 30 min Monday afternoon and email everyone with the details. Eric, you don't need to be there, I'm just keeping you in the loop." germany-c,This has not been a good informative day. We just need to chat with Dominion to figure out how the contracts work and for me to find out more info the storage contracts. germany-c,"As of 2:00 P.M., Steve has not heard from Col Gas. I will be taking my vacation through Monday, Jan 14th. I have a sneaky feeling that I may be let go before then anyway. I will be checking my voicemail everyday and my emails every other day. Also, I don't plan on being out of town for more than a day over the next 2 weeks. I may leave town a few days during the week of Jan 7th." germany-c,"Sold 10,000 dth of Conger to TXU for 4/23 at $3.37 Our scheduler, Sabra Dinari, quit on Friday so I will be handling the noms for awhile and Kathy Kelly will. I think its easier for me to do the noms on this since I'm selling point specific gas and we are not putting this activity in Sitar/Unify. Theresa, looks like I will be the one addressing the accounting questions." germany-c,#67401 and #70457 are the correct contracts. #67401 was intended to come out in Dec and #70457 was intended to come out in Jan. germany-c,I'm trying to find the original tickets for the following deals with Northern Natural Gas. Can you guys help me with this? Deal Deal Date NK7775.1 5/31/2000 EE9092.1 12/16/1997 EE9092.3 12/22/1997 E23290.7 germany-c,"No buddy. Thank you. And I'll take you off campus for lunch next week too. My treat. Maybe I'll invite my work wife, Judith. I'm thinking about Luling City Market on Richmond - BBQ Cafe Express on West Gray - great burgers Berryhill Taco's - Westheimer at Kirby Ryans Steakhouse - poor man's steakhouse and buffet off 290 outside the loop. I'll have to decide next week what I want to feed you. Of course you have a say, a small one anyway." germany-c,"This isn't the right guy but he can get you to someone - Mike Garred x35488. Darla Saucier@ENRON 04/19/2001 03:26 PM To: Chris Germany/HOU/ECT@ECT cc: Subject: New Power My contact at new power has not been returning my phone calls for the past two weeks. I am trying to resolve some of those prior period issues and tie out for this month as well. I don't know if he's out on vacation or what. I usually talk to Cris Miceli, do you know someone else I can talk to over there?" germany-c,Sure. I have one gas purchase that I make right before 9:00 AM every morning but I can be there at 9:05 AM or later. germany-c,I misunderstood. I thought it was ok to pay based on my email from last week. My contact at LD (David Walker) asked me about this amount last week. He didn't mention any other outstanding items. germany-c,"Actually I am. The little woman and the little bundle of joy both sleep in the other room. Makes it easy for me. My woman is trying to breastfeed. I can't tell you how stressfull that has been. There needs to be a class for guys on how to best support their ""Woman"" after birth. Ahhh, my little bundle of joy is cute though. And her mom lives in town and spends a lot of time over at out place which works out great. We can go out for dinner pretty easy. A lot of people don't seem to have that. Judy said she would baby sit but it's not worth the trip to the edge of the earth in Katy." germany-c,I don't know how this asset management deal works on demand charges. Could you give me a demand charge report out of Unify please? germany-c,I know you told me that this capacity could be released. Can it be released in 4 seperate peices? Plus I may be doing permanent releases too. Any problem with that? Does this contract have an evergreen clause? germany-c,I'm waiting to hear from Rita. I'll definitely let you know what happens. thanks. germany-c,"3/6/02 2:30 PM just spoke with Louis Schott (504-529-3630 Sr. Vice President & General Counsel for TDC) - TDC has not filed a claim with the courts at this time. TDC is trying to avoid the administrative expense and expects to be paid $203,196.00. I told him I would call him back Friday afternoon and give him a status update. Please let me know what I can tell him. This was an ENA deal." germany-c,Update schedule through 3/4/02. Have a good weekend! germany-c,This is the guy in charge of all the transport for Cinergy. I have not been able to speak to him because he is out of the office so much. And I don't know if I'm still in his good graces either. Paul Drexelius 713-393-6856. germany-c,"I believe I did because 1) I used the .12 rate in pricing the deals in my system and the deals are at a fixed price which means I had to calculate it AND 2) I had the discounts on gas flow before the 14th and gas flow on days after the 14th AND 3) the 14th is a Friday which makes me think we would not have forgotten to call as oppossed to an intraday on Sat or Sun. Its only a diff of $80 or so. So if its difficult or ""improper"" don't worry about it." germany-c,3/14/02 9:50 AM Per Tammi Depaolis (832-397-1728) at Sequent. Tammi spoke to Lisa Guthrie (205-325-3816) at Sonat to find out what flexibility Sequent would have taking out the parked gas. Lisa said she didn't know if Enron could sell the gas. germany-c,"Maragaret, I have 2 prepays in this email. We will not need to wire money to Tennessee if we can get TXU set up as a supplier by 8:40 AM tomorrow. Note to all The first prepay is to TXU. I'm requesting $22,500.00 to be prepaid to TXU - that's about 5 days of supply for the Tallahassee deal. The second prepay is for 1 day of interruptible transportation on Tennessee. If we are unable to purchase gas from TXU or Reliant, we will use the Bear Creek storage gas on Tennessee to supply the Tallahassee deal. This is what we did on the 2nd-6th. I am also anticipating that the discounted IT rate on Tennessee will be higher for gas flow on the 7th. My goal is to maintain 2 active suppliers (with prepays) on the East Coast, TXU and Reliant. I would also like to set up a trading contract with another supplier (maybe Coral) in case TXU or Reliant decides to stop doing business with ENA. Our supplier for the swing gas on the Tallahassee deal in January was Sequent. However, last Thursday, Sequent stopped doing business with ENA because it was too much of a burden for them to keep track of the ENA prepays and the daily volumes. So far we have spent 3 business days trying to secure another supplier. We will also be able to use TXU and Reliant as suppliers for any other deals that we are able to start up." germany-c,"Mark is our ""hired"" special bankruptcy attorney who works on transportation and storage. Enron goes to him to get expertise on how to handle the pipeline contracts. Shemin Proctor is like an Enron staff attorney specializing in transport." germany-c,Another interesting item. Call me when you get a chance. germany-c,"How many deals have you done???? ""Junek, Daniel"" on 05/14/2001 01:08:49 PM To: ""'chris.germany@enron.com'"" cc: Subject: Chris This in my new email" germany-c,"Silly me. I goofed, I had the wrong beginning balance in my worksheet. Currently looking at sending out $30,000 on Thursday." germany-c,I WANT TO GO. Do you want to come by Wednesday evening. I'm almost positive we are going to leave early (around 2:00 or so probably). You won't even get a chance to see my messy apartment because I am going to sleep over at Indrid's and kill (bond) with her cat. germany-c,"Reliant has agreed to sell us gas on Florida. My trading contact is Jim Taylor (713-207-1482). The contact on the wire should be Pete Torres (713-207-1471), he is in Reliant's credit department. Pete said there should be an active GISB contract with Reliant already in place. I would like to prepay for 5 days and I have my calculation on the prepay request form. Please let me know if you have any questions." germany-c,I'm not aware of anything like that. I'll ask around. germany-c,"Moved the prepay to Wednesday. The amount is $42,000.00 due to the spike in pirces." germany-c,"Good news. Williams still has the ""Fitness Specialist"" position open. I think this job has my name all over it. What do you think? Job Title: Fitness Specialist I - TWC Location: TX-Houston Job Requisition: 002103 Date Posted: 1/11/02 Duties: This job is responsible for providing integrated health and work/life services that enable employees to achieve their personal best in health, work performance and quality of life, which will lead to superior performance results. Coordinates community and company-wide health/wellness activities. Provides individual and group health education and exercise counseling, recommendation and instruction. Create participant communications including newsletters and educational materials. Develop, implement and monitor facility procedures and programs for adherence to national standards. Requirements: This position requires previous experience in a health services related field, corporate wellness experience is preferred. Excellent communication skills, both verbal and written are required, as well as the ability to multi-task and coordinate activities. A bachelor's degree in Health Sciences or related field is required. ACSM certification is preferred." germany-c,"We'll chat later. I'm trying to get an invite to Florida for a CNG thingy next week. Leave Wed come back Friday. May not happen. ""Veselack, Joni"" on 05/08/2001 01:57:27 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: Who is doing Tenn 500/800?? Why doesn't Enron promote from within.... same old story. It just took a long time before EOL had the markets out there. I leave Tuesday evening. There is a dinner Monday night... you should get an invite... since Goodell has to do the family thing... as always. What happen to Dick??" germany-c,Please change the volume on these tickets this afternoon. I don't want to put them in pending status while you are scheduling. Deal 646813 - volume should be changed from 465 to 572 for the month of November. germany-c,Hey there. I'm working on your request. germany-c,"Buddy!!! I'm still here and stll kicking. You know I have a baby on the way. Its due May 7th. My woman is getting BIG!! GOOD LORD!! Enron is still going strong. Looks like I'll be here for at least a year but you never know. I bet you guys miss me too, calling up, asking dumb questions, falling off horses at the shipper meeting. How's life for you?" germany-c,"These days, its easier for our legal department to draft or approve a new GISB than to find any of the existing documents. The attached document is for Enron North America Corp. David is going to see if they can use it. If your legal department approves, please print 2 originals, fill in the Sempra information, sign it, and send it to me. Thanks Chris L. Germany Manager, Gas Trading Phone 713-853-4743 Fax 713-646-3059 Address: Attn: Chris Germany ECS 04444 1400 Smith St Houston, TX" germany-c,"This is what I heard, Please type any anything significant that you might have heard and send it back to me. Dan Leff floor presentation on Friday March 22nd, 10:00 AM came here 5 years ago, Mechanical enigeer, sold his business FMES in 1997 to EES and been with EES every since. we have about 1,000 people left in wholesale and retail about 800 people in support groups we've lost about 7,000 people since Dec 2nd. 3 things 1. where is the business now we know where we are, where we are going, retention\ pooled wholesale and retail resources figure out how to get the people together we've completly revamped the sr management team target recovery of $6 billion dollars for the estate team, this is not a book value or firesell value. $3 bill in ENA, $1.4 EES $600 mill enron canada.....so forth. stan hortin mike mcconnel looking at packaging deal and assets together to develope a new reorganized company. 2. we are important, the people that is all the difficult times are behind us he understands our urge to leave take a deep breath, think about how what you do will enhance career. retention plan should be presented next week, will be filed next week with the bankruptcy court. creditor's committee has approved the retention plan plan brings substantial amount of money to bear jobs may change email will go out next week detailing plan management will talk to people before next friday about how the overall retention plan will impact us and our coworkers Liquidation bucket - people settleing terminated positions, assets, primarily commercial oriented. Commision type environment. Retention Pool - cetain amount of money is paid on a qtrly basis. Severeance plan - safety net for people not in retention or liguidation bucket. anyone in severance plan will have their monies offset by any monies they recieve on one of the other plans. 3. personal message be positive have some fun get a bounce back in your walk you can be part of fixing it take next year or 2 years to learn and develope. queston: what is the goal of the company we are selling books of business, assets, and substantial amount of backoffice work needs to be done to do the settlements. we are not going to try and develope new business. question: org chart? We should be developing one over the next few weeks. came here 5 years ago, Mechanical enigeer, sold his business FMES in 1997 to EES and been with EES every since." germany-c,"Good morning! Would you let me know if you received a wire from Enron on Friday april 12th please? The amount was $22,000.00." germany-c,Joe Van Zandt with Dominion Field Services wants to know if we are going to nominate his gas for the first. Their are 3 fixed price deals and 1 Index + $.10 deal. I can't find the deals in the system. What should I tell him legally besides NO? germany-c,"Congratulations on the good news. Sorry to hear about the bad news. There seem to be lots of scheduling jobs around here but I don't know if you want to do that. Bob Superty is the best person to chat with their. Also, you might chat with AEP. They just bought some Houston assets and they might be keeping those assets in Houston. To: Chris Germany/HOU/ECT@ECT cc: Subject: Hello! Hello Chris! I was writing to give you some good news and bad news. Good news: I got engaged last weekend. I am very excited! Todd is a very wonderful person. This is the person I met on MM last year who lives in Columbus. Bad news: I am getting laid off. I transferred to Columbus with Clinton. They are laying off half their staff. I am not real fond of Columbus and hope to move back to Houston one day. Hopefully we can work together again one day. Hope all is well with you! Take care!" germany-c,What are your Trco volumes again? I can make changes now without writing new deal tickets. germany-c,"OK then. Don't forget about me. Someday you are going to want me working over there. I'm a jewel, and modest too." germany-c,"We currently have 2 park & loan deals with Colubia Gas. Deal 1) we have 310,000 that was scheduled to come out in December, contract #67401, we are currently paying $8370.00 per month on this deal. Deal 2) we have 310,000 scheduled to come out in January 2002, contract #70457, we are currently paying $16,740.00 per month. I have not spoken to the pipeline but I believe we would have to prepay all of our transport demand charge expenses before CGAS will let us schedule any of this gas. Our monthly demand charge expense is $290,000.00. I would also assume that we would have to prepay the EES demand charges as well." germany-c,"I am requesting a prepayment of $45,000 to be paid to Reliant for Monday April 29th. Priscilla, please bring me the wire request and I will get Ed and Susan to sign off on it. Stephen, Drew, who should I give the wire too and where are you located?" germany-c,"> A boss and two of his employees are on their way to a meeting. Walking > through a park, they find a miracle lamp. They rub it and suddenly a genie > appears. > The genie says: ""Normally, the one who frees me, has three wishes free. > Now, you are three persons, so everyone of you has one wish."" The first > employee yells: ""Me first, ME FIRST!!!"" and expresses his wish: ""I would > like to be on the Bahamas, on a very fast yacht, and have no more worries"" > And pfffffff, he is away. > Now the second employee yells: ""Me next, ME NEXT"" and he expresses his > wish: ""I would like to be in the Caribbean, along with the prettiest girls > of the world, and an inexhaustible source of exotic cocktails."" And > pfffffff, he is away. > ""And what is your wish?"" the genie asks the boss. > And the boss replies: > ""I want these two idiots to be back in office after lunch!!!"" > And the moral of this story: Always let your boss speak first!!!!" germany-c,I requested access to enter West Desk deals in Sitara. Could you approve that please? germany-c,"Thanks for the info. I voted to get that sucker lowered to 45 and 10,000 of my closest friends are doing the same thing." germany-c,"Phil, I will drop my wire amount for Thursday if Tallahassee does not call on the gas next week. I need to research how much gas Tallahassee has taken in the past on the swing contract." germany-c,"I have a problem keeping my cell phone battery charged up. But, my pager still works so I'm wearing it if you guys need me. My pager number is 877-498-5497. Do not leave a voice message on it because I can't retrieve those." germany-c,"Done esimien@nisource.com on 04/24/2001 09:51:01 AM To: "" - *Chris.Germany@enron.com"" cc: Subject: Re: Imbalance trades on CNG Chris, Please fax the support sent to you on this. I will contact Cindy Wernecke once I receive your fax." germany-c,"I can't find any of the reports that Kim Olinger used to run out of Unify. BUT, Jeanne Wukasch was in Kim's group and she would know how to run them. I believe they were called Service P&L reports. The only thing we would use them for now are transport demand charges." germany-c,"You like (cat) attitude don't you? And what makes you think my stomach is cushy?????? ""Veselack, Joni"" on 04/23/2001 12:58:44 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: How's your back??? I'm guessing your stomach is nice and cushy.... not rock hard. Your women... ingrid??? I'm not getting a hamster!!! They have no personality like a cat." germany-c,I guess you don't have pictures for me do you? I saw Traci Wood Tuesday evening at a little resteraunt on Westheimer called Paulie's. Do you care? germany-c,Yes I did but....we lost our list of who gave us what. All though its pretty easy to see who gave me the litte Duff with the black nose. germany-c,"Beginning Wednesday, April 4th, El Paso will be taking 3,373 Dth per day from DRN #716, contract #101067. El Paso will scheduling the gas on contract #5207. Thanks everyone. Chris L. Germany Manager, Gas Trading Phone 713-853-4743 Fax" germany-c,"go to www.publicdebt.treas.gov. the term is 30 years but you can cash them in after 6 months. If you cash them in b4 5 years, you lose three months" germany-c,I'm all over it. Hopefully there will be naked women too!! germany-c,"Per my discussion with Sherry Glazebrook at Tennessee, she wasn't real specific since I don't have an EES ID on Tennessee but this is what I found out. CONTRACTS Balancing Agreement K# 31905 (OBAD) This is a balancing agreement for Bethlehem on the 200 leg in Zone 5, probably meter #20816. This balancing agreement should have been cashed out every month. She wouldn't tell me the current balance. ENA had a term sale to EES (sitara #1003036). The volume was 1,200 dth per day in Tenn Zone 5 and the name of the point was Bethlehem Sales. The term of the sale matches the term of the capacity release from Boston Gas. Firm Gas Storage Service K# 38454 (FS-MA Assign) -- Assignment from New York State Electric & Gas Company Gas Transportation Agreement K# 38535 (FT-A Assign) -- Assignment from New York State Electric & Gas Company Gas Transportation Agreement K# 38539 (FT-A Assign) -- Assignment from New York State Electric & GAs Company All 3 capacity releases from NYSEG are non-recallable. In my opinion, this capacity should be the property of the customers EES was serving behind the NYSEG city gate and the capacity should go with the customers. But, I believe we need to address the LDC tariff issues along with the pipeline issues. Gas Transportation Agreement K#27848 (IT) Supply Aggregation Servic e Agreement K# 80265 (SA) Of all the items shown above, I am more concerned with the Balancing Agreement k#31905. We need to know what has happened to the sales customers EES had at this point. I believe it was just one customer. How is this customer currently getting its gas? If Enron is still the operator of the balancing agreement at this point, does it ""appear"" that Enron is still using this agreement?" germany-c,"At a propane filling station: ""Tank heaven for little grills."" On a fence: ""Salesmen welcome! Dog food is expensive."" On a maternity room door: ""Push. Push. Push."" At a military hospital-door to endoscopy: ""To expedite your visit, please back in."" Sign over a gynecologist's office; ""Dr. Jones, at your cervix. On a Plumbers truck: ""We repair what your husband fixed."" On the trucks of a local plumbing company: ""Don't sleep with a drip. Call your plumber."" Pizza shop slogan: ""7 days without pizza makes one weak."" Another Pizza shop slogan: ""Buy our pizza. We knead the dough."" At a tire shop in Milwaukee: ""Invite us to your next blowout."" Door of a plastic surgeon's office: ""Hello. Can we pick your nose?"" At a towing company: ""We don't charge an arm and a leg. We want tows."" On an electrician's truck: ""Let us remove your shorts."" In a non-smoking area: ""If we see smoke, we will assume you are on fire and take appropriate action."" At an optometrist's office: ""If you don't see what you're looking for, you've come to the right place."" On a taxidermist's window: ""We really know our stuff."" In a podiatrist's office: ""Time wounds all heels."" At a car dealership: ""The best way to get back on your feet - miss a car payment."" Outside a muffler shop: ""No appointment necessary. We hear you coming."" In a veterinarian's waiting room: ""Be back in 5 minutes. Sit! Stay!"" In a restaurant window: ""Don't stand there and be hungry. Come on in and get fed up."" In the front yard of a funeral home: ""Drive carefully. We'll wait."" And don't forget the sign at a Chicago radiator shop: """ germany-c,"Please read the note below from Jeff at Lone Star, it looks like we may need to be particular for May. Of cause that would involve me knowing a little more about the pipeline." germany-c,"I'm going to make it a TP1 deal. Robert said there are no service deals in Unify, so I will set up new tickets effective 11/1/2001." germany-c,"It's not her fault. First, everything she does or knows is officially my business. Second, I tortured her to get information. Third, she's a great ol' big heifer (<==female cow often used to produce many offspring) and she really needs to go." germany-c,"I would bump up the cash payment to Reliant for next week. I'm estimating $56,000.00. I do expect it to come down some." germany-c,Thanks for your help. Now go find me a job. germany-c,"Kathy, we have a deal on Trunkline where Midland can request up to an additional 1,700 per day and it could be just 1 day over the weekend too. Reliant has storage that can flow into Trunkline Wla. We don't have a pricing mechanism in place so its pretty much automatic and Reliant can bill us whatever they want. If it ever happens on the weekend, Jim and I will discuss the pricing the following Monday. Its only happened once in the last 2 months but YOU NEVER KNOW, especially if it happens on the weekend. If I remember correctly, Midland would call Kevin and Kevin would call Reliant. Are we sill set up that way?" germany-c,Who do I call to get my palm hooked up to my computer? I have the palm cradle sitting on my desk. germany-c,"Steve, everything looks good with one exception. The rate schedule on Tennessee should be either NET-2 or NET-284. I won't find out until Monday. You review and approve it, keep it on your desk, and I will come over and make the change at your desk on Monday. Then I'll take it to Ed for his approval. By the way, Cullen and Dykman is sending copies of what we are doing to Melanie Gray." germany-c,"Tenn Net 284 Contract Commodity $.0000 ACA $.0021 GRI $.0055 Total $.0087 Fuel 1.31% Iroq Commodity $.0036 = .003 -.0001 + .0007 ( RTS Commodity - TCRA + Deferred Asset Surcharge) ACA $.0021 GRI $.0000 Note: GRI does not apply on this path because Iroq delivers gas to Tenn at wright (non GRI point) Total $.0057 Fuel .5% Note: The Iroq Tariff allows them to charge up to 1% fuel, but I believe the max is 1% for Zone 1 to Zone 2 and .5% for Zone 1 to Zone 1 but I didn't read that in the tariff. I think Iroq might have told me that back in normal times." germany-c,"I know, life is all about choices, Jean or lawyers, Jean or lawyers, Jean or Ingrid and a screaming kid??? Hmm, my choice seems much simpler now that I look at it like this." germany-c,I would prefer that you fix it. Just come over when you are ready. germany-c,Let Kevin know about any suspected unpathed deals and he will get all over it. This guy is going to be my boss someday. germany-c,"I did a buy/sale with EES where EES will give me TCO pool gas and I will give EES TCO pool or CGLF Leach gas. The volume is 14,288 per day. The purchase deal is 1068442, at CGAS IF. This deal will not change. The sale deal is #1068455, at CGAS IF - .05. I have 2 meters on this deal, Kimat, let me know if that will be a problem booking the deal in tagg. Robert, please chat with Rhonda on which contract to use. We need to use the same Gulf contract all month long. It would probably be easier for Rhonda if we use the same contract we used this month." germany-c,"Things are always crazy around you, even when the rest of the world is sitting still. ""Junek, Daniel"" on 05/14/2001 03:52:21 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: not a one. i don't even have a phone yet. We moved into a new office today (my first day) so things are a little crazy around here." germany-c,"I'm using March pricing for TCO and Sonat. For TCO, I'm using the financial basis offer for March provided by Dan Junek at AES at 9:45 AM, $.125. Sonat basis is not as liquid so I'm using the Inside Ferc differential for Feb 2002. For Feb 2002, Henry Hub is $2.03 and Sonat is $1.99, ($.04). At 10:00 AM, NYMX for March 2002 is $2.36 TCO Value $2.485 = $2.36 + $.125 Sonat Value $2.32 = $2.36 +" germany-c,Vince Hawkes is faxing Justin Fernandez a daily generation and gas plan sheet. Kevin Brady is in the group that Justin was in before he left and Kevin is delivering this report to me everyday. Is this something that we should continue to get? germany-c,I just deleted something you emailed me on March 20th or 21st. I think it might have been related to Columbia gas but I'm not sure. germany-c,She is now. I don't think she had a choice. germany-c,"Robin is having back surgery next Thursday, Feb 28th. She went to a neurosurgeon for a second opinion, Dr. Alfonso Aldama was her second opinion dude.. Dr. Esses, my second opinion dude, is an orthopedic surgeon. And Dr.Alani, the guy I went to see first was an orthopedic surgeon. Robin said I should go to a neurosurgeon. What do you think?" germany-c,I can't get whatever it was you sent me. It must be illegal or naughty. germany-c,"I'm estimating a $50,000 prepay to Reliant this Thursday. Cash is up $.20 from Friday. I may need to make the prepay on Wed again. I'll have a better idea after 9:00 AM tomorrow." germany-c,"I just created deal 1204869 per the notes in o:/Gas Structuring/Bankruptcy/Storage Inventory/Daily Inventory Update.xls, an ENA sale to PanCanadian Energy Services Inc with the following details; Price: $2.25 Volume: 1,121,702 Location: MPC/Dry Creek Storage/2-02125-1 Rita, there is a storage contract 7010 in Unify for MPC. I assume this is the contract that needs to be pathed in Unify to withdraw the storage gas. Do you get any statements from MPC?" germany-c,sniff sniff. I'm gonna miss you guys. Think of me everytime you get a HUG!! sniff sniff. Throw me some crumbs when you see me on the street. germany-c,"I want to cancel the wire to Dominion Oklahoma that was set to go out today and I'm going to revise the $70,000.00 wire to Reliant. The other wires to Reliant, the $701,760.00 and the $40,000.00, are good to go. I will have this completed before lunch but I estimate that the $70,000.00 wire to Reliant will be revised to approximatly $995,000.00. This net impact is an increase in cash outflows of $280,000.00 (cancel the $646,860 and increase the $70,0000to $995,000)." germany-c,"Hi team. I'm going to set myself up as the Navigator administrator for Enron North America unless someone else wants to do it. We use Navigator for activity on Columbia Gas, Columbia Gulf, Crossroads, and KO Transmission. I think we also use Navigator to download the invoices. I'm going to kill all the ID's shown below except mine. Should I set up anyone else with an ID?" germany-c,There are 2 Con Eds and I believe this is a contact for the unregulated side. Mario Karlovic 914-993-2153. I don't think Chevron-Texaco has a trading group other than Dynegy. germany-c,"I have the gas Sales Invoice List Report that you just gave Phil, I think. Would it be possible to format this with the deal numbers, or give me the invoices so I can see the deal numbers?" germany-c,"Kay, ENA has a user ID on a system called Pegasys. Peoples Gas invoices ENA about $400.00 a month for a License Fee, Customer Service Charge, and taxes and it looks like we have not paid this bill for the last 3 months. In the pre-petition world, we used this ID to do nominations on the Peoples Gas system. We are not currently using this ID and it looks like we no longer need an ID for this system. BUT, Kevin Brady, an ENA scheduler, uses an Enovate and EMW LLC id to do nominations for those companies. Enovate is paying the invoices for those companies. Can we cancel this ID, or should we just tell Peoples we are not going to pay the invoice and let them terminate the ID at their discretion? Will not paying the ENA invoice impact EMW LLC or Enovate in any way?" germany-c,"Why don't you get a hamster or something like that. You know my woman has a cat - he likes sleeping on my firm, rockhard stomach when I watch TV. ""Veselack, Joni"" on 04/23/2001 12:41:55 PM To: ""'Chris.Germany@enron.com'"" cc: Subject: RE: How's your back??? I planted 50 plus flowers this weekend in my flower boxes. They look so pretty. I hope I don't kill them. I'm going to find me some kittens in the next few weeks. I'm lonely without Miss Muffy. Cindy Vachuska is coming to visit me in two weekends. I'm taking May 4th off.. we are going to do some museums, day to the eastern shore, and baltimore's inner harbor. Bidweek is such a joy!!! We are suppose to be back online with y'all... so they say." germany-c,"Here is the info and I'm putting a copy of the agreement in interoffice mail to you. Shawn Kirkpatrick Contract Analyst Reliant Energy Services, Inc. Phone: 713-207-6569 Fax: 713-393-0212 email ==>" germany-c,Let me know if you see this. Thanks Chris germany-c,"Today we discovered that ENA has 310,000 MMBtu parked with The Consumers' Gas Company Ltd. (an affiliate of Enbridge Inc.) at Dawn that needs to be withdrawn by March 31, 2002. Dan White (403-508-3184) at Enbridge faxed me their confirmation. According to Dan, this gas was parked in May and June 2001. Per Enbridge's confirmation, ""Customer shall pay Enbridge a fee of $.22 US/MMBtu...prorated over 12 months"". The confirmation makes it clear that March withdrawals are interruptible. Dan didn't know if ENA has paid the fee but he is letting ENA take this gas for March!!! So far have not been able to find a deal ticket in Sitara or tagg that Tomorrow, I will get bids from some of the companies ENA has done business with in the past at Dawn. Before I sell the gas, I will 1. verify the creditworthiness of the company we are selling to 2. make sure the company we are selling to agrees to pay us for the gas and doesn't net this with some other item. Kay, the point we are selling the gas at is Dawn which is in Canada. Are there any special tax issues to address? Any comments or questions? Listed below are some of the companies ENA has done business with at Dawn AEP Energy Services, Inc. Aquila Canada Corp. BP Canada Energy Company Cargill Energy Trading Canada, Inc. CMS Marketing, Services and Trading Company CoEnergy Trading Company Consumers Energy Company Consumers Gas Company Ltd., The Coral Energy Canada Inc. Duke Energy Marketing Limited Partnership Duke Energy Trading and Marketing, L.L.C. Dynegy Canada Inc. Dynegy Canada Marketing and Trade, a division of Dynegy Canada Inc. El Paso Merchant Energy, L.P. Engage Energy Canada L.P. Nexen Marketing PanCanadian Petroleum Limited PG&E Energy Trading, Canada Corporation PG&E Energy Trading-Gas Corporation Phibro Inc. Reliant Energy Services, Inc. Sempra Energy Trading Corp. TXU Energy Trading Canada Limited WPS Energy Services, Inc." germany-c,i hope to quit before that becomes an issue. one can only hope. germany-c,Would you see if we have a discount for gas flowing from 500L to Carnes on Sep 14th? We had discounts before and after so it seems like we would have a discount for that day as well. I can't find anything in my notes. germany-c,This is what I have for the East Desk. Let me know if you have questions. germany-c,"So it was 10:00 AM and I'm about to leave, RIGHT? My new boss says go sell that storage gas. hmmm. WHAT IF THE g.D. PIPELINE WON'T LET ME SHEDULE IT? SHOULD I TRY TO ADDRESS THAT ISSUE ON A FRIDAY, THE FRIDAY BEFORE OUR CHRISTMAS HOLIDAY? HOW ABOUT ALL THEM g.D. DAYS I WAS ASKING TO CALL THE PIPELINE TO SEE WHAT THEY WOULD AND WOULD NOT LET US DO? I now have work to do. I'm not going shopping until this evening. Have a nice day." germany-c,Uhhhhhh - very interesting. You should call me so I can hassle you some. germany-c,I would be a likely candidate. I checked my desk and I don't have it. germany-c,nope and nope Baby is due May 7th but my womand is HUGH and I don't think she's gonna make it. Kathy just told me. I'm happy for you. Did you listen to the retention talk first or were you already out the door mentally? I wanna do lunch with you. When can you pencil me in? I'm out next Friday and half of next Tuesday. germany-c,"Max, would you provide Phl with the amount of money we expect to receive for the Tallahassee swing gas for May please? Thanks. Also, let Phil know if there are any reductions on the baseload amounts too." germany-c,"In September, ENA agreed to purchase capacity from New Power on Transco. The total demand charge should have been $9,000.00 on contract 4.0159. New Power released the capacity volumetrically and I didn't catch it. The actual demand charge billed was $270,000.00. New Power agreed to reimburse ENA for the difference of $261,000.00. ENA will pay the pipeline the billed demand charge of $270,000.00 and bill New Power $261,000.00 on deal 1110019." germany-c,"Would you see if we sent out an invoice for deal 384258 to Tenaska IV Partners, Ltd. for December 2001 and January 2002? And if we did, did they pay it?" germany-c,I assume you and I are going to lunch tomorrow right before you go home to take a nap. Right??????? germany-c,"look here billy bob, i send it to you just so's you can see who else i send it to. i think i'll keep sending it to you and i think you will like it!! now go fetch me a diet coke and make sure you clean the top of the can too!" germany-c,Gloria is out sick but she's checking her voicemails. I'm meeting with Wade at his desk at 1:30 today and Gloria is going to call us. We should be able to figure out how the contracts work then Wade and I can meet with you this afternoon when you become available. I'm still waiting to hear from EES - no word at all. germany-c,"For tomorrow, should I wear a suit OR khaki's with a dress shirt OR khaki's with a dress shirt, tie and navy jacket? This is my info for tomorrow. CMS Energy Meet with Curt Lizzy and Del Blom on Friday April 5 at 12:30 Curt's number is 713-230-7205 Go to the 28th floor and ask for an hr rep. 1021 Main St, Suite 2800 Houston, TX" germany-c,"YES I AM. What are the dates? And I love your outfit today. ""Leah A Moss"" on 04/20/2001 11:26:18 AM To: Chris.Germany@enron.com cc: Subject: Re: Egan Storage Are you coming to TEAL???????? Chris.Germany @enron.com To: lamoss@duke-energy.com cc: 01/26/01 bcc: 10:16 AM Subject: Egan Storage According to my numbers, I show we have taken 67,560 out of storage through today. And we are taking out 12,995 (2599 x 5 days) from the 27th - 31st. Could you double check my numbers please?" germany-c,"If so, when? From (MM/DD/YY): To (MM/DD/YY):" germany-c,Probably spending the night there. You should go and have a goooood time. germany-c,Good morning. I'm only halfway through my resume but I should finish it this evening and I will email it to you from home or tomorrow from work. germany-c,"Actually, I need all of them because I can't tell what these items are for. I will highlight the items that I think need to go out and put this report on your desk, can't be that many of them. But I would still need the invoices to see what these items are for." germany-c,"Steve and I were talking about where to go. We don't know where yet but I bet we figure it out. Judy may come with us. I say goodell coming in this morning and I told him we didn't want him to go. YOU KNOW, THE ONE THING I REALLY LOVE BESIDES MYSELF IS FOOOOOOOOD!!!!!" germany-c,Just a reminder that we still need to discuss the physical deals with volumes in the sitara for March. You said we were going to talk to Bob Hall about that today. germany-c,Having visions is a guy thing you know. I just thought Nanny Terri would be good at teaching little Christopher about acting and Nanny Natilie (huba huba huba) could teach the little sucker how to sing. germany-c,"Don't know about this but I am handling the activity for the Ponderosa Pine Energy Partners, Ltd. (a.k.a. Cleburne Plant, a.k.a. Tenaska Power Partners) on Lone Star Pipeline. We have a large imbalance on the transport contract that I'm slowly working off but that's about it. Are you guys aware of any storage? I'm going to call Joe Parks later and see if he was working on anything related to storage other then Centana. I also have a contact at Lone Star that I could ask but I rather see if what we know form the inside first." germany-c,"Another prepay to Tennessee. The calculation for the prepay is 2,000 dth x $.1221 per dth = $244.20." germany-c,TP2 sold 6000 dt per day of Transco Z6 NY to Vladi (deal 801081) at NX1 + $.425. I did not do this deal on EOL. Please forward this email to Vladi's book admin. germany-c,I need steve's email address. Do you have it? germany-c,I heard that El Paso had cuts on Friday. Did that impact you guys at all? germany-c,She is going to print all the Appalachian Producer contracts that she can pull up out of live-link from my master list. I also asked Melissa if she could help and she said she would be glad too. Let me know if that's ok. germany-c,"I have a little more info. I'm still waiting for Gulf South which is the same thing as Koch. Norse Pipeline Sonja Monica Phone 405-844-6342 ext 232 fax 405-844-6220 1900 SE 15th Street, Bldg 800-B Edmond, OK 73013-6682 Stingray Pipeline Company Glen WIllis Phone 713-230-3121 Fax 713-265-3121 1301 McKinney, Suite 700 Houston, TX 77010 Destin Pipeline Company, L.L.C. Rick Lorentz Phone 918-660-4385 fax 918-660-4393 4502 E 41st, Suite 300 Tulsa, OK" germany-c,"Shemin, Kathryn (EES Logistics) is going to send me some information on EES. I'm going to summarize the date for ENA and EES and resend this email, hopefully within the next hour or so." germany-c,"We don't have a deadline. Our lawyers are scattered pretty thin. What would probably happen is that you guys might show me a bid for some of the capacity, then we would have to talk to the pipelines and see what they want to do." germany-c,"Max, would you call Tiffanie Wheeler at Reliant to discuss the volume discrepancy on 2/27/02. Her number is 713-207-6790. I believe she said that if we provide them with pipeline support from Tallahassee, they will adjust our bill. Thanks. Keep me posted." germany-c,"I'm looking for the following capacity, let me know if you have it to sell. Z0 or ZL to Z4 - Carrol County Meter, 1,000 day for Nov-mar and Nov-1year. Z0 or Zl to Broad Run, 10,000 day for Nov-mar. I think Corey showed a demand $.22 before which is above TCO pool by about $.17. Let me know." germany-c,I'm moving my cash payment to Reliant to Friday. Phil is going to give me new market values for Tallahassee and Midland tomorrow morning. germany-c,I dialed Suzie's number and Liz anwsered. Then I asked to speak with the other ____zzy and she transferred me to Lauri. I was expecting her to transfer me to you!! germany-c,I received another voicemail notice on my pager yesterday afternoon. Have you had any luck with this? How about this? Do you know how long I'm going to be employed for? Any news at all? germany-c,"I don't know if I should call this the Ponderosa Pine plant, the Cleburne Plant, or what. Think I'll refer to it as Cleburne. Sabra, Joe Parks told me that you handling Lone Start in the future. I sold 10,000 dth to TXU for tomorrow. I believe we have sold TXU 10,000 dth everyday this month so far. Lyn at TXU asked me if the gas was at the same point for tomorrow and I told her ""sure"" and I have no idea what points our gas is coming from. I don't know how much time we need to spend on this. But, I have not put anything in Sitara and I don't know if I should. I believe Theresa Voss's (on 3 in Enron Center South) group is handling the accounting for this and I don't know what they need. I'm going to try and meet her today. Sabra, are you handling this? Let me know. If you are, do you want/need/care if this is in Sitara and Unify? I believe all of the activity for this deal flowed through ENA before bankruptcy. Now, I believe the partnership makes all the payments and billings and they probably pay ENA a fee. Joe made it very clear that ENA is NOT supposed to send out an invoice. thx" germany-c,"I'm out tomorrow and Kathy Kelly will be backing me up. Instructions for Kathy 1. Call Mike to find out how much to sell for Sat-Mon. Mike's number 248-813-1063 Mike's cell number 248-345-4002 2. Call Sabra Dinari or Jackie Adams at Cinergy and find out if the gas is coming in at the following 2 points. Meter #17-1436-00 Conger 10,000 dth per day Meter #17-1240-50 NNG Sprayberry 10,000 dth per day Jackie Adams number is 713-393-6889 3. Sell gas to TXU Energy. Either Lynn Handlin at 214-875-9789 or Fran Russell at 214-875-9793. I believe Fran will be handling the TXU activity tomorrow. I let TXU pick the points they want the gas. Thx, call me on my cell if you have questions." germany-c,"Robin Barbe is a Northeast originator and I'm sure she will be interested too. Remember, steak dinner for the WINNER!!!!!" germany-c,I mean Susan. I assume you are talking about Susan Pereira. germany-c,"The Boston Differential for August 2001 is ($.1166). I want to understand the contract better before I give you the Sep price. Ruth, you and I are chatting about this today I hope. Kam, I'm guessing this becomes an O&A issue each month. I don't know if you need to be involved or not." germany-c,"Please add Robin Barbe to your distribution. Robin, I glance at Phil's worksheet everyday since I generate most of the cash payments in our group." germany-c,"I decided to wait until tomorrow to do the prepay to go out Monday. Margaret, for some reason my cash request form has Susan Helton's name on it and she has to sigh the wire I think. Why wouldn't that be you instead? [Germany," germany-c,"I'm trying hard not to call you and use up my phone call allowance this morning. GOOD NEWS. I'm reading an article on Yahoo and they use the word nebulous. Enron is, in part, the deformed offspring of a move to deregulate markets. It played fast and loose in a nebulous world of finance that received scant attention from lawmakers. I know what it means. And this is only the second time I have ever seen this word used!!!!!!!" germany-c,I'm wonderful thank you very much. Where have you been? How are you doing? germany-c,"I just tried to call you and no one anwsered the phone. I was going to hassle you before I leave. My appt is at 2:45, I'll probably leave at 1:45 ish. Its up on 1960. I was going to work out then come over and take you to dinner. What do you think?" germany-c,"Funny. No. I didn't feel guilty about the garage sale, that's why I was annoyed - being notified at 10:00 at night GRRRRRRR. I do feel guilty about you doing all this work. So I'm going with you, I pay for the gas and the twinkies." germany-c,let me know if you have any interest in the Tco-Pool Leach swap for the winter. I'll take TCO pool at Index and sale Leach or Pool at Index - $.04. I can't remember if you guys could do it or not. germany-c,"I've requested a $17,000.00 wire to be made tomorrow and we still have a cash balance of $54,820.00. I'll be out of the office tomorrow so Kathy Kelly will be handling our activity. Her number is 713-853-5858. Thanks and have a good weekend." germany-c,"Suzanne is here. She said you and her are doing some Manual work this weekend. You and I are breaking up for the weekend but I need to get my car back first. Maybe after we go to the movie. PS Scott said the resteraunt to go to in Round Top is ""Royers"". He said you go shop for antique crap and then go eat at this place." germany-c,"Ok, I would like to go over a couple of things this afternoon if possible. I'll try to come down for 30 min or so." germany-c,"Hey team. I think I have everyone but feel free to forward this message on to others that may need it. Brenda Fletcher was asking me Enron has the following deals with AEC at Niagara and Leidy. Deal # Vol Buy/Sale Location End Term Book 592845 9189 Buy Tenn Niagara 10/31/2008 New England 223854 9189 Sale Tenn Niagara 10/31/2008 New England 415547 9000 Buy Nful Niagara 10/31/2002 East TP1 415547 6000 Buy Nful Leidy 10/31/2002 East TP1 1131708 6000 Sale Nful Leidy 10/31/2008 East TP1 When this deal was done 2 years ago, AEC agreed to give Enron the NFUL transport (I don't know who at Enron agreed to this). Enron pays NFUL max demand for the space. I believe the contract price on deal 415547 is a NFUL Leidy price, and part of it should be adjusted for demand, commodity, and fuel. Also the net delivered volume at Leidy is 9005 dth ( = 9189 at Niagara). Kam, I'm not sure which firm book this is in. Over the last few months, I would calculate the transfer price from the firm book to TP1 (or TP3). As TP1, I take any NFUL length at a CNG equivalent price. I also created deal 1147662 at 0 price to balance out Niagara. Also, I believe we need to bill AEC for the demand charges for the last 2 years of this deal. That's around $1,340,000. I'm sure AEC is not expecting that. Does anyone here talk to AEC?" germany-c,"Hey team!! I'm back. And while I was gone it looks like our cash balance with Reliant is $228,419.05, which is due to ENA selling Reliant the gas back on Trunkline from the 14th through the 20th. Jim, I've updated my schedule for the gas flows on Florida. Tallahassee sent me a schedule of what they show. I'l like to compare that to what you have." germany-c,Lets see if this works. My response is down below in blue. germany-c,"Buddy, I tried sending you an email last week and I don't think it worked. Let's see if this one works." germany-c,"I'm going home for lunch every day for at least the next week or so. Ingy had a c section and there was a problem with part of it. I have to doctor it twice a day. I'll try to get pictures of that for you. yech!!! uhhh, it has brought us" germany-c,"I don't think the triggers are correct. Ed, this brings up a good question that may already be addressed. Both of the Midland deals still show up in the trading system. Should they be terminated effective 6/1/2002? One of the Midland deals (MCV 2, deals #340305 and 332163) was put in Sitara with triggers. We stopped serving MCV 2 effective 4/1/2002. These triggers will continue to create an invoice each month unless we change the deal in Sitara." germany-c,"Sold TXU 10,000 dth of Cayanosa for 5/1/02 at $3.45. I actually sold TXU the gas yesterday and I didn't want to change the volumes for the 1st. Let me know if you want to sell more than 10,000 for the 2nd." germany-c,"Deal Counter party Sitara Contract Comment 942720 California Energy Hub, SOCAL 96063621 this is an exchange deal. California Energy Hub is not listed on the Master Letter Log. Socal is but there are no contract numbers listed. The hedge on this deal was killed in Sitara on 1/8/02. The March invoice is for demand charges of $.10 x 310,000 dth per day, which may be incorrect. Its possible that the volume should be 310,000 dth per MONTH. 773141 Central Illinois Light Company 96000389 No changes made to Sitara ticket since 5/4/01. Per Master Letter Log - ENA cancelled the financial agreement due to Central's failure to pay. No reference is made to the physical deal. Per Sitara - this deal has a min and max volume. The March invoice is for demand charges of $.425 x 10,000 dth per day. 889014 Colorado Spring Utilities 96062701 No changes made to Sitara ticket since 6/29/01. Per Master Letter Log - only activity with EPMI is listed, no mention of any contracts with ENA. The March invoice is for demand charges of $7,200.00 per month. 22109 Consolidated Edison Company of New York 96000908 Long term sale to ConEd on Tennessee pipeline. Not listed on the Master Letter Log. Per Sitara - the hedge in Sitara was killed on 11/26/01. The March invoice is for demand charges of $101,339.35 which is a percentage of the Tenn Z1 and Z0 indexes. 1161432 Superior Natural Gas Company 96052897 Not listed on the Master Letter Log. Per Sitara - hedge in Sitara was killed on 12/12/01. This is a sale to Superior with a NYMX trigger, the trigger was entered in Sitara on 11/6/01 at 14:32 and the trigger price was $3.05. The March invoice is for the difference between the trigger price of $3.05 and Nx1 for March $2.388 = $.662 x 10,000 dth per day x 31 days. 1201382 TXU Fuel Company 96096343 This deal probably should not be in Sitara. Its related to sales made by the Ponderosa Pine Energy Partners, Ltd. to TXU. This activity used to handled by the Texas Desk. If Feb 2002, it was decided that all activity should flow through the partnership instead of ENA. I took all prices on this deal to 0." germany-c,I'm actully working on this. I should have it done tomorrow or Monday. germany-c,"Done. Kevin, I bet this will involve you doing some pathing in Unify." germany-c,Robin Barbe followed up with a phone call. I've told Linda that this wouldn't be resolved until we resolve all of our Dominion issues. AND I TELL HER THIS ABOUT ONCE A WEEK. Please forward her to me in the future. germany-c,Thanks. You too!! germany-c,"Pager number 877-498-5497 Cell number 713-557-1572 I will be in Port Aranasas Friday morning. I should be back in Houston by 2:00 PM and I will have my cell phone turned on for the trip home. I don't have voicemail on my cell phone. But, if anything should happen, you could leave me a voicemail at home and I will check it once every hour after 1:00 PM on Friday. Places to Eat North of 1960 Landry's Seafood House (yuk) Tortuga's (mexican not as good as Guadalajara) Guadalajara - good mexican food Olive Garden Carrabba's Macaroni Grill TGI Friday's Chili's Any misspellings were done on purpose. I will be coming back Friday with lots of fish!!!!!!!! ""Germany, Mary/COR"" on 05/01/2001 01:23:07 PM To: ""'chris.germany@enron.com'"" cc: Subject: Friday Before I forget here is my cell phone number 303-667-3495. I hope it works there. Do you still have one? I will pick up my luggage and be at the passenger pick-up. If you have a cell phone I can call you whether it is my cell phone or from a pay phone. See you Friday! Mary Germany, Manager Accounts Payable Payroll Accounting Support (303) 713-2151 fax (303) 846-2151 email -" germany-c,"Ok, since I have not seen or heard from you, I'm tossing you nameplate. Maybe my woman will let me put it up in the bedroom, the one we are moving into on Monday." germany-c,"I hope you are getting somewhere because this is getting annoying. First he wouldn't send me anything, now they are all over it when he should have just sent me something to begin with." germany-c,Do you want to work with Wade Price on the Appalachian suppliers on CGAS? I think we are still getting gas because contracts have not been terminated or something like that. It will probably be tedious but it doesn't matter to me. Just let me know. germany-c,"Trogg 522: i'm going no matter what and YOU are going to help me recreate the list, we are going to come up with something first then i'm coming to YOU jtownse1965: anne gave you the bunny ballerina and an outfit jtownse1965: goodell gave you 2 books jtownse1965: tammy....diapers/wipes jtownse1965: jared, andy, victor, clarissa, kim o., bob s., me......bug play mat, sassy stroller toy, disney (piglet) onesie, pink ruffled bottoms and white halter with 2 pairs of socks, blue/green ruffled shirt and beige capri's, white Gap dress with pink flowers; robin....book, ??; rhonda...pink winnie the pooh??? jtownse1965: does that sound right? jtownse1965: kathy kelly jtownse1965: white shirt with flowers/blue outfit jtownse1965: hello Trogg 522: i was away from my desk, this alll looks really" germany-c,"Interesting because this capacity was released non-recallable to CES which was assigned (not via capacity release) to ENA. FYI, demand charge = $2.6614 per month = $.0875 per dth and the commodity is $.0136 Fuel = 2.902 % and at $2.10 = $.0628 100% load factor cost =" germany-c,Hey buddy. I'm going to another meeting. Don't forget to send me the worksheet. germany-c,Robin Barbe has been trying to call you. Please call her at home. Her number is 713-721-0709. germany-c,"I received your fax. Questions: at the top of the page from Dominion, it states that ""effective FEBRUARY 2002 Production ... WILL NOT BE CREDITED"". One of the column titles on the sheet is EFFECTIVE DATE. What does this effective date stand for. Also, were you able to find a contract for The Central Pacific Group?" germany-c,"Could you send me the confirm for deal 415547, also contract no. 96017703. This deal is effective 11/1/2001 - 10/31/2002?" germany-c,Yes I do. We have a meeting now though. germany-c,I didn't call to check on this but I've never seen an email like this from CGAS. I just thought it was interesting. germany-c,Hey there. I was on vacation on the 9th. I guess its ok to send out the invoice now. Darla Saucier@ENRON 04/09/2001 03:15 PM To: Chris Germany/HOU/ECT@ECT cc: Subject: New Power Please let me know when this invoice is good to go. I need to send it out by tomorrow (04/10) at the latest. Thanks! germany-c,"And you thought I didn't have anything ready. I sent this to Paul yesterday, he said ""I'll keep it and see were to fit you in, you should have come when I asked you to"" I guess he's unhappy with me." germany-c,You gave me 2 invoices for CNR that are not on your April 2002 payment worksheet. Producer Volume Amount J E Harris 815 $260.80 Carol Littleton 748 $239.36 Should I toss these 2 invoices or should they be included in the list? germany-c,"good luck. when is comes to daycares. it probably good to look at quite a few to have a sense of what's out there. another place you could look is st. andrews presb. at buffalo speedway and bissonet. when i looked at that place it was for a three year old and it appeared very nurturing. it is or was an accredited facility. Barbe, Robin says: that facility really didn't have much of an academic program. at this age it doesn't matter but i nicer to have them in an environment that fits all needs now and later,. it better not to move kids alot. Barbe, Robin says: the lonestar pigging is tomorrow and i told kevin if something happens this afternoon to get with" germany-c,"The sale to PSE&G is in the New York book. Judy is trying to get Transco to bill PSE&G directly for the demand charge. We are still waiting to hear from Transco. Brenda H Fletcher 05/10/2001 04:01 PM To: Chris Germany/HOU/ECT@ECT cc: Kimat Singla/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT Subject: Re: PSEG capacity A physical forward deal with the reimbursement amount entered as an external fee in Sitara. PSE&G would be buyer and TP-2 is seller (assuming this is a TP-2 deal). What is the term of this deal? Is commodity reimbursed also? Please confirm desk , provide details and I will enter the deal." germany-c,1. May Only $.4300 2. May/Oct $.4380 Jun/Oct $.4400 Just wanted to show the diff between May and the rest of the summer. Let me know how this looks. 3. Nov/Mar no germany-c,My girlfriend (and I have many of those) at Tetco told me to tell you to call Aurora at 713-627-5316. Do you have your own phone yet?? germany-c,Here is a funny right back at you. This is what I plan on doing to my kid when it gets here in May. I'm also going to duct tape its little hands just for fun too. germany-c,Doesn't look like tickets were ever entered in the system. I've requested access to change the tickets. I'll send a new email once I enter the deal. Thanks Let me know if you see any other missing items too. germany-c,"It's the first day of school in Houston and the teacher thought she'd get to know the kids by asking them their name and what their father does for a living. The first little girl says: ""My name is Mary and my daddy is a postman."" The next little boy says: ""I'm Andy and my Dad is a mechanic."" Then one little boy says: ""My name is Jimmy and my father is a striptease dancer in a cabaret for gay men."" The teacher gasps and quickly changes the subject, but later in the school yard the teacher approaches Jimmy privately and asks if it was really true that his Dad dances nude in a gay bar He blushed and said, ""I'm sorry but my dad is an 1) auditor for Arthur Andersen OR 2) a trader for Enron and I was just too embarrassed to say" germany-c,I still am unable to get into the EBB. Did the capacity get awared to Boston Gas? germany-c,take me with you where ever you go. You de germany-c,"Yep. We went for and ultra sound last Thursday and the doc asked ""do you want to know what the sex is?"" I said YES and she said NO and the doc said ok we won't look." germany-c,You need to get on the email distribution for this. I get emails from them every day. germany-c,Grier Martin with El Paso Merchant Energy called - he's interested in the Trailblazer capacity. His number is 713-420-5673. germany-c,"Hey, do you mind if I send her an email with all the stuff attached? You are my hero." germany-c,im an email mo fo. whatever that germany-c,SWEET CAKES!!!!!!!!!! I'm ok. Still looking for employment opportunities. Give the kitties a squeeze for me! germany-c,Shawn seems like a nice person. You should take her out to eat then I'll take you out to eat. germany-c,Will do. Thanks for the info. germany-c,JOOOOOOOOOOOOOOOOONINNNNNNNNNNNNNNNNNIIIIIIIIIIIIIIIIIIIIIIIIIIIiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii.................... I'm ok. I'm leaving. Talk to you later and thanks. germany-c,Rita FYI - I told Ed that I would go with Bridgeline's number because 1. it is more conservative 2. the difference is small 3. that some trader may not have put in a deal or volume management didn't path the deals correctly....anything is possible with the turnover we have had. If you have reconciled the numbers and know where the difference is let me know. germany-c,Let me know if you get this. Outlook is up but I don't have any email for today which is odd. germany-c,I was just looking at the confirm for April and I believe the pricing doesn't match up. Let me know if you have any questions. Thanks. germany-c,I'm not aware of an AP rate schedule. AS (tariff sheet #205) and IPP (tariff sheet #215) are separate rate schedules in the tariff. AS pools are used to aggregate production meters on CGAS's system and are assigned a specific geographical location on the pipeline. AS pool meters can be used as primary receipt points on firm transportation agreements whereas IPP Pool meters are not. germany-c,TP1 sold 2000 dth to the New England book for November via EOL. The price is NX1 + .445. The point should be South Commack. As of 10:44 am this deal had not loaded into Sitara for November. germany-c,Do you have the file sharing set up yet? And there is one contract on the East Desk that expires 1/31/2002 that we will need to turn back very soon I guess. germany-c,"With a heavy hand I write this message to the Aquila Merchant Services people. As Bob mentioned in his earlier message we must now reduce our Wholesale Group to reflect that we, ILA, do not have the credit capacity to continue to support the needs of the business. Starting today we will begin to wind down our Commodity Services and CapitalServices groups, both in North America and in Europe, with the goal of being significantly out of all commercial operations by the end of the summer. Later today we will take the first step to reduce the headcount of the organization. For many of our fellow workers today will be the last day at Aquila. For those not released today, we will need to, as carefully and responsibly as possible, put our beloved company to bed. At the end of this process, the remaining employees, as is true with me, will be let go. No one is to blame, it is just an unfortunate reality we have found ourselves in, and we are left with this ugly choice. Please try to hold your head up, we have built a great company of talented, motivated, creative, and dedicated people. Hold on to your integrity, respect yourself and each other, and remember what a team we have had." germany-c,I have a discount on k #2891 of $.18 from 500L or 800L to Midwestern for the 2nd thru 31st. My rate on this path was $.17 for the 1st. germany-c,"gocha, not a bad idea. chris_germany61@hotmail.com 2701 Revere St #221 Houston, TX 77098 home" germany-c,"These are my notes on flowing gas. Tetco will be the problem pipeline. I called my rep again and asked her to seriously look into it. I'm thinking worse case is they will need either cash or a letter of credit for about $1,000,000.00. I'm using the following formula MDQ (22,000 dth) x 20 days x $ some cashout price They may cut back on the number of days but the cashout price is the problem. It's a moving target and I expect prices to go up. I think that if we just agreed to give them a letter of credit for $1 mill and then prepay for any actual expenses we incur, we could build our reputation on the pipeline, at least until we get rid of these deals. If all the gas flows like it should, we should never have any actual expenses on any of these pipelines for the Keyspan deal. Who knows what volumes are going to be?" germany-c,"Hi Jon. We just spoke on the phone and I work with Ruth Concannon and Maria Garza on the Enron Estate Team. I'm trying to calculate the demand charge on the following capacity release Offer #20275 Released to Enserco Term 4/8/02 to 4/30/02 MDQ 20,0000 demand rate $1.30 Please call me when you get a chance at 713-853-4743." germany-c,I just showed Ed McMichael the sitara position screens for the East and Central Desk for March 1st. There are volumes all over the place. I asked him who should be taking these volumes to 0 since most of these deals are not physically flowing. Ed is going to discuss this in a meeting with Bob Hall today. I guess my next question is should the volume be taken to 0 in Sitara or Unify. Can you guys think of any other questions along those lines? germany-c,Ohhh boy. I just know we are having a big party this week sometime. germany-c,"I'm not actively seeking another job and I believe I'll be here to collect that pot of gold next year. But, I still need a backup for the gas activity. Unless you tell me to do something different, I'm going to see if Kathy Kelly wants to back me up." germany-c,"I really need to chat with the pipeline on this one but this is my best guess right now. This gas was parked at Bear Creek on a Tenn park and loan contract. It is scheduled to come out on Sonat. To my knowledge, we don't have any Sonat demand charges. But our monthly demand charge expense on Tenn is at least $376,000.00, mainly due to the Boston Gas netback deal. I think Tenn would make us prepay the Tenn demand charges to get this gas out of the park & loan on Sonat. We have 500,000 that was scheduled to come out in December on Sonat. I have no idea how Tenn/Sonat will bill us for this contract going forward." germany-c,There are some volumes without prices on the Dominion files. Can you tell me what these are? Acct ID AT001JJ AT001ON germany-c,"My fault, I didn't see the Wed. I admit it, I'm worthless." germany-c,"I walked to the park yesterday and didn't see you. It was such a bummer. Today is Eirc's last day, sniff sniff. It was good seeing you. Take care." germany-c,"OK, that's it. NO VACATION FOR YOU!" germany-c,"I believe CMS Marketing, Services and Trading Company should be added. Per Sylvia's notes, the contact their is Tim Spurlin. His number is 713-230-7427. I have not contacted CMS about being added to the list." germany-c,I need Sitara access to all gas regions. I'm trying to look at some of the Central Desk activity and I don't have authorization. We might as well give me access to all ENA gas positions and the ability to create/update Sitara tickets for all gas regions. germany-c,ENA did not purchase any gas for the weekend or Tuesday (Monday is an Enron holiday). Have a good weekend! germany-c,When are we going to dinner? Have you ever been to Paulies on Westheimer close to Shepherd? germany-c,"On the 8th TP2 sold VNG 10,000 dth at st 65. This volume was entered on deal 760980, which is a VNG buy from Gulf 1. I took the volume on this deal to 0 for the 8th and created deal 780794 (VNG buy from TP2 at St 65). Please make a note in you files. Meredith, you will need to repath these deals on the 8th." germany-c,"Hey there team. We are starting to focus on Dominion pipeline and I need your help explaining the process to Shemin. I would like to set up a meeting with Gloria, Wade, Shemin, Kathryn as soon as possible." germany-c,"I have asked my legal department about this a couple of times and I'm not sure if we have sent you anything. Would you please just send me a GISB agreement out of your shop. I see you have spoken to EES already. Thanks Chris L. Germany Manager, Gas Trading Phone 713-853-4743 Fax" germany-c,I just got a call from the guy that asked me to work on the Texas Desk. He just eliminated my position and I think he may be making another cut or two as well. germany-c,i would just call oxy and ask them. there's no sneaky stuff anymore and its not like we would send them their money back either. germany-c,"I was not in the office today. I just check my emails from home. I'm taking Matt Fleming to YOUR BBQ place next week. He hasn't found a job yet. I told him that it felt like a bunch of us estaters would be let go soon, don't know why, just a feeling." germany-c,"The TCO book is buying 1,000 dth per day from Power Gas Marketing at Trco-Young Women's Creek. Effective 11/9/01, CNG began restricting receipts from Trco-Leidy. We are taking 543 dth into CNG, VNG has 543 dth of primary receipts at Leidy on CNG. STEVIE, till further notice, the VNG book needs to sell the New York Book 453 dth of Trco Non NY, use deal 1165693. The transport usage ticket is 1165849, and the buy from TCO is deal 1165737. GOOD LUCK!" germany-c,Judy is going to send you an email. I don't know what they changed to. germany-c,"We sold the National Fuel back to the Canadian desk for June at NX1 + $.235. The volume is 9189 per day, deal ticket 782980. Kimat, please forward to the Canadian Book Admin." germany-c,This is the info I gave El Paso. Its probably ok to use this. germany-c,Wonder where I should go to lunch today? Maybe the BOOOOOFEEEEEET!!! germany-c,"I just received a call from Joe Krajewski (617-723-5512 x4731) at Boston Gas. He is a Resource Management Analyst at Boston Gas working for Liz Danehy. According to Joe, ENA is still billing Boston Gas for part of the demand charges on the long term producer netback deal (that Ruth is so familiar with). This is Iroquois and Tennessee capacity I am releasing back to Boston Gas each month at a 100% demand rate. Joe asked me why we were doing this and I told him that ENA was probably not paying the capacity bills and Boston Gas was aware of that fact and knew Boston Gas would be liable for the demand charges anyway. Sounds like Boston Gas may be getting double billed and Joe said they will probably not pay the invoice." germany-c,"I found a mistake in my capacity worksheet. The term on the Boston Gas capacity, contract 125008, 35,465 MDQ, is 12/1/1998 - 3/31/2007. I think have the ending date as 2008." germany-c,My ICE id and password no longer work. They worked on Dec 26th. Does yours still work? germany-c,"I spoke with Steve Stonestreet at Columbia Gas. He will do a conference call with us tomorrow. I told him it would probably be around our lunch time. He said that is fine. I can set up a time tomorrow. His boss, Jeanne Adkins, told him she doesn't need to be there if we are just talking about the mechanics of how the producer gas flows." germany-c,"Just a note, the colors at work are different than the colors at home. Good photo though. Now that I've started the process, I'm going to add other pregnant Immer photo's." germany-c,"Suzanne, give them Priscilla's number or my number. Priscilla is at 713-345-3736 and my number is 713-853-4743." germany-c,"FYI - meeting to discuss Florida issues before Jared goes away forever. Scott - didn't know if you should be at this meeting as well. Daniel, you did schedule the room for Tuesday, Jan 29th, correct?" germany-c,thanks and yes it is!! another photo germany-c,"Also, I'm using Scott Goodell's ID because my doesn't work. Who do I call to get mine fixed? I know - you told me once before. I'm a baaaad person." germany-c,"Our current cash balance with Reliant is $52,850.00. We did not request any gas for tomorrow under the swing arrangements. I have requested a wire in the amount of $22,000.00 to be made on Friday April 12th. Melissa, I had to move the payment to Friday because some Enron ""approval"" people are out of the office but we have a large cash balance and it shouldn't be a problem if it gets delayed untill Monday. Also, Tiffanie Wheeler discovered an error in my worksheet that impacted the cash balance effective March 1st forward. My worksheet is set up so that any change in a volume or price for a prior month will change the current cash balance. I will keep track of all changes at the bottom of the Summary worksheet in this file." germany-c,"Please set up and annuity for June where the TP3 book pays the New England book a total of $57,266 This will show up as a loss in TP3. Let me know if you have any questions." germany-c,"I just created deal 1131700, a purchase from Reliant for Nov 01 - Mar 02. The price is NX1 + $.015. Please enter this deal in Tagg." germany-c,"I didn't know that I was a subscriber to begin with but I would like to use this if we can keep it. I don't need it, its just a convenience for me. Let me know if we can keep it.." germany-c,Please send copies of the VNG demand charge invoices to Denise Dodson. Please let me know if you have any comments or questions. germany-c,"I've adjusted out weekly prepay to reliant down to $10,000.00 to go out on Friday. I want Robin to go through the wire process once just in case I'm not here next week." parks-j,"i am thinking 87-90 on DIA, however you manage your own theta. if i see something that really scares me i will let you" parks-j,Thanks for fowarding my resume. Let me know if you have any questions. Thanks parks-j,"thats nice honey. great day, made it all" parks-j,"Sorry for the delay. The following people are authorized to use Dynegy Direct on behalf of Bridgeline: Joe Parks (Master User), Jeff Stephens, Tiffany Smith, and Ragan Bond. Al others need to be removed. If you have any questions, please feel free to contact me at 832-851-2821. Thanks Joe" parks-j,"Phil, lets take Centana off the forcast. I dont think anything is going to happen that fast." parks-j,Daivid would you please remove me from distribution list. I no longer trade on Lonestar. Thanks parks-j,You the man. That should agree with my spreedsheet. parks-j,"We currently do not have the curve information you need. Further, the curves I looked at in your spread sheet do not look good." parks-j,"HEY, I NEED TO GO FIRE MY RIFLE, WOULD YOU LIKE TO GO? AND WHEN WOULD YOU LIKE TO" parks-j,"Hey, tack me down when you get a moment. Joe" parks-j,Here are my phone numbers as well as my home email address. Hm 713-993-7171 Cell 713-853-9636 Wrk. 713-853-9636 Home email: parks-j,Thanks. Let me know if you can show me a FGT2 and Sonat Feb physical basis. parks-j,"Ed, I spoke with Linda this morning. If we are intending to buy them gas for April, we need to know ASAP because nomination deadline for most of the Texas Inta-state pipelines ( ie:Lonestar) is tomorrow by 2pm." parks-j,This is what I have from ICE. Take a look it may be something we should do. parks-j,"Ed, Below are some comments on the deals I have been working. Who would you like for me to hand these over to? Duke/Centana Money wires will be complete on April 1. The proceeds from the transaction were received on Friday and the money that needs to be put into escrow will be sent out Monday, April 1. I have created a folder o:\gas structuring\centana duke, where I have put the files for the cash request forms, wire transfer forms and the mini- DASH. There is also a cashflow.xls that explains the calculations for the dollars. I also have a file on my desk. The commercial contact for Duke Field Services was Greg Swedinsky 713-627-6265. In order to finish the transaction, a decision needs to made with respect to the contract and a settlement on pre-petition dollars. Ponderosa Energy Partners I have been helping Rick Hill and Chuck Ward manage the supply for the Tenaska IV power plant. I have created a folder o:\gas structuring\tenaskaIV where I have put files relevant to the project. The file PPEP2.doc are some of my notes that I think will be helpful to whom ever takes it over. I recommend Chris to help manage this, if that works for you. Pace Energy I have a letter from Pace that explains what actions they have taken. The dollar figures are less than $100,000. General Land Office. I have a file that contains a copy of the contract between GLO and ERAC and a copy of an internal deal sheet for the natural gas volumes." parks-j,"Hey, today is my last day. It has been a pleasure working with you. Good luck." parks-j,the nymex prices are as of yesterday's settle. let me know if you need anything else. parks-j,"possible next hunting dates for me dec14-20(any combination there of), weekend of the 28th, and closing weekend, any interest i would like to know so i can make work arrangements. I had no" parks-j,"CONGRADULATIONS. NOW THAT YOU WILL BE MAKING MORE MONEY YOU CAN COVER THE OVERDRAFT CHARGES ON MY CHECKING ACCOUNT BECAUSE YOU CASHED THAT CHECK THAT WE SPECIFICALLY ASK YOU NOT TO DEPOSIT UNTIL TODAY (THURSDAY). NEXT TIME EXPECT THE CHECK WHEN ITS DUE, NOT WHEN YOU DECIDE TO PAY THE" parks-j,"Daniel, I rebooted and CQG is not there. Will I have to reinstall? and How do I do that? Will it be back in the morning?" parks-j,"what about swim lessons. let me know if they are going thursday, because of the potential outing" parks-j,You need to let me know if you want to sell volumes. I have to find a market. Nominations are due Thursday afternoon. parks-j,Memories. I found the Quotes the funniest. parks-j,"Si, la cabana es me casa. Habla con ti, esta" parks-j,Chip Checking with you to see if we have approval to pay Duke Field Services. Let me know. Thanks parks-j,is it? 2.389 was the april contract settle yesterday. parks-j,i uderstand will take under advicement. What about a tap for the keg? parks-j,"Any interest in a little st. patty fest at my house sunday late afternoon, with cabbage, potatoes, sausage, and beer. kids are welcome of course. Let me know." parks-j,no big deal. but i do agree that UBS will have a hard time re establishing. what is the name of that real tall guy that worked with you? and does he still work with UBS? parks-j,in case you care. I agreed with Centana to sell the 748552mmbtu tomorrow morning. so lets hope some lawyer doesn't get in the parks-j,"what about sunday, and monday. gas will trade for 3days on friday. Really hard not to buy for the whole weekend." parks-j,"sorry, txu-20,000 for the weekend at 2.715. 20,000 from cinergy." parks-j,"Spoke with my contact at TXU. She said we should speak with Jerry Burt ( head of credit 214-875-9350 ) about getting payment directed to the appropriate accounts. However, he will be out of the office until Wednesday." parks-j,"Margie, that time works with my schedule. Let me know when it is finalized." parks-j,Waiting for a phone call from Centana. Might have to put the gloves on. parks-j,Saw your ugly ass leaving. Next time stop and say hello. How are things? parks-j,YES STILL EMPLOYED. JUST TRIED TO CALL YOU. GIVE ME A BUZZ. parks-j,Your boy Hugh didn't answer. Left a message and told him to call if he had any questions. parks-j,"hey joe, where are we suppose to go and with who?( a" parks-j,whats your phone number? mine is parks-j,"take this home for your kids ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you." parks-j,"your famous, you made the list. I do believe it is incomplete. How are things?" parks-j,"Let me know if you have any questions. Also, very important that this goes out today." parks-j,"sidelines, could see some more up. if we finish strong" parks-j,"keg sounds good, did not realize the keg frig, departure all in one(car) if possible,where would we meet? For opening weekend i would recommend and extra tap in case keg frig unit doesnt work" parks-j,"what will be interesting is if money rolls in nasdaq. on this last rally, it looks like money rolling from nasdaq to dow." parks-j,When are we going to get credit established with more counterparties? A lot of red on ICE today. Thanks parks-j,so your proposing we are going to the stabbing cabin. go to parks-j,"thanks, the lonstar rep is keeping me current on the imbalance. since the 01/02, the imbalance is close" parks-j,Received your email and have forwarded on for approval. I will get back with you as soon as I hear back. parks-j,"Scott and Daivd, I sent this to Chance as well. Look at it and let me know if you have any questions. Thanks" parks-j,"cold front moving into the mid continent on tuesday of next weekend reaching the east coast by the weekend. to give you an ideal of the cold, tuesdays forcast for el paso is 62-37(hi-lo), weather channel forcast calls for thu-ri clear, temp range 69-46 with winds out of the south at 12, and the moon should be at about" parks-j,BEER! Would it focus if the lense cap were on? When i was focusing they looked like they should have turned out nice. Weird. I quess thats why we need to take pics with two cameras. parks-j,"HEY BRIAN, FOR WHAT ITS WORTH. I THINK A KEG IS A BAD IDEA. I DONT THINK WE WILL DRINK THAT MUCH BEER ON OPENING WEEKEND. EXSPECIALLY IF CHAD IS NOT THERE." parks-j,"my life is mesireable enough, if i am going to go out and be with friends. i dont want to go to fag hang out. find another spot!" parks-j,"Hey, i hear euroean banks are lower interest rates. That should put preasure on teh dollar. will it be bullish for the stock market ( cheaper US goods= more exports) or bearish ( foreign investors leaving the US markets, going to Europe) ?" parks-j,"The major difference seems to be in gas daily, about $16k. Will you look at it please." parks-j,"Spoke with Chance on friday, he believes that the wholesale data is clean. I also sent an email to Chance, Pat and Scott that raised the issue of PV'ed positions. I am waiting for a response. I have attached a word document that briefly describes what I learned from my meeting with Linda Roberts. I will also give you a copy of the GLO/ERAC contract and a copy of the dealsheet for the gas. Any questions give me a shout." parks-j,"havent forgot , i didnt get a chance to update it. will send it soon. talk to you" parks-j,"i will plan on going without you, btw, i understand you position on lease rules as well as brians. perhaps we stick with opening" parks-j,"sorry chad, we are excited its just that work sucks balls. give enron got gaven all the way down to 11.25, for 36 two weeks ago, erik winds are predicted to be out of the east northeast" parks-j,ISNT ANDERSON YOUR AUDITOR? IS THAT A CONFLICT? YOU SHOULD READ SOME OF THE POWERS REPORT. UNBELIEVEABLE! parks-j,"I will hopefully have a meeting today with whom ever will be taking over. Would you like to attend? If not, I will make myself available for you if you want to meet. Also, I have put all relevant files on in the o:\gas structuring\tenaskaIV folder. Not sure you have access, but Ed can get them. Attached is a file that contains some cliff notes. Good Luck," parks-j,whats up? how was your holiday? parks-j,"Hey, thanks for fowarding my resume. Let me know if you have any questions. Joe" parks-j,Ken Fowler is the man at TXU that someone needs to talk with about getting Feb. gas settled. His number is parks-j,"Hard to write this, so i will keep it short. Weller passed away Sunday morning. The 12.5yrs were wonderful. Thought you would want to know." parks-j,"it was me. it now makes since why erik was acting like an asshole. Brian, why do you take that shit." parks-j,"Lets meet at 1pm today to discuss issues for the power plant. Location: Somewhere in the south building, we will figure that out." parks-j,"HEY, JUST CHECKING TO SEE IF YOU SPOKE WITH RANDY. HOW WAS THE CIRCUS?" parks-j,thats a possiblity. did you get the email? parks-j,"Feders will be attending, they dont know how long they can stay. Baptismal or" parks-j,"Hello, Linda. How are things? I have attached a document that contains a list that shows the amount of money paid out to traders before the Dynegy merger. I thought you would like to see it. It is on page 75 of the pdf file." parks-j,"http://www.amazon.com/exec/obidos/tg/browse/-/542452/ref=br_bx_c_1_2/102-7676409-3228169 Go to this link, should show you some boosters. I would also see if that place on westhiemer will recommend. i would like to find something that you can use a harness and/or the seatbelt to hold them in." parks-j,"T he first detailed allegations that Enron abused mark-to-market accounting to hide wholesale trading losses have emerged in congressional testimony pro-vided by a professor and former deriva-tives trader who reviewed the Enron case for Senate Governmental Affairs Com-mittee. Those charges, along with allega-tions that have surfaced that mark-to-market accounting was misused by Enron Energy Services, the company's retail energy and services unit, are expected to support the push by accounting rulemak-ers for much more disclosure on mark-to-market accounting practices and the impact of mark-to-market accounting on earnings trading firms' earnings. In testimony Thursday before the Senate Governmental Affairs Committee last week, Frank Partnoy of the Universi-ty of San Diego Law School, said it appears that Enron traders mismarked forward curves and manipulated the amount of profits and losses that would be reported in financial statements. ""In a nutshell, it appears that some Enron employees used dummy accounts and rigged valuation methodologies to cre-ate false profit-and-loss entries for the deriv-atives Enron traded,"" said Partnoy, who reviewed the case over several weeks at the committee's request. ""It appears that Enron traders selectively mismarked their forward curves, typically in order to hide losses."" ""Traders are compensated based on their profits,"" he observed, ""so if a trader can hide losses by mismarking forward curves, he or she is likely to receive a larger bonus."" Partnoy said mismarking forward curves was not the only problem. ""For each trade,"" he testified, ""a trader would report either a profit or loss, typically in spreadsheet format. These profit-and-loss reports were designed to reflect economic reality. Frequently they did not. Instead of recording the entire profit for a trade in one column, some traders reportedly split the profit from a trade into two columns. The first column reflected the portion of the actual profits the trader intended to add to Enron's cur-rent financial statements. The second col-umn, ironically labeled the 'prudency' reserve, included the remainder."" Partnoy told the committee that in his estimation, ""Enron's 'prudency' reserves did not depict economic reality, nor could they have been intended to do so. Instead, 'prudency' was a slush fund that could be used to smooth out profits and losses over time. The portion of prof-its recorded as 'prudency' could be used to offset any future losses,"" he said. He recommended that investigators question Enron employees who were involved in these transactions ""to get a sense of whether my summaries are complete."" Alleged Enron abuses of mark-to-market accounting" parks-j,"Steve, could you please review this document. Thanks" parks-j,"Phil, Not sure the money will hit today, but It should definitely hit tomorrow. The actual amount we will receive will be $2,735,050.05. Further, I have requested that 228,250 be wired out on Monday to JPMorgan." parks-j,"thats enough, dont let the cat out of the bag. hey forward me that" parks-j,"if you are in town this weekend, aer you coming to the Thomas and Abbey's birthday party. No gift required." parks-j,"Ed, attached is the proposal for the liquidation of the Centana inventory. We are currently waiting on Centana's final approval. Let me know if you have any comments." parks-j,"Found this on a webiste. The job was posted on 3/18/02. Thoughts? Title: Mid-Continent Gas Trader Location: Houston, TX Job Number: WG-0005 Sector: Natural Gas Occupation: Trading Education: Bachelors/ Description: Reliant Resources, based in Houston, Texas, provides electricity and energy services to wholesale and retail customers in the U.S. and Europe, marketing those services under the Reliant Energy brand name. The company has nearly 29,000 megawatts of power generation capacity in operation, under construction or advanced development, or under contract in the U.S. It is one of the top marketers of both power and natural gas in North America. The company also has wholesale trading and marketing operations and nearly 3,500 megawatts of power generation in operation in Western Europe. At the retail level, Reliant Resources provides a complete suite of energy products and services to 1.7 million electricity customers in Texas ranging from residences and small businesses to large commercial, institutional and industrial customers. Reliant Resources currently is a majority-owned subsidiary of Reliant Energy. Duties/Responsibilities: Responsibilities include reporting and explaining in detail trading positions, mark-to-market evaluations, and profit and loss statements relating to trading activities. Must grow and sustain a profitable natural gas trading book, as well as a natural gas transportation book for the Mid Continent and Chicago regions. Ability to trade illiquid, uncommon points on pipelines for profit and capture arbitrage from fuel switching capabilities. Will also assist the Business Origination and Development group in evaluating projects and structuring products. Must have complete knowledge of futures, structured options, extendables, swaps, and other financial instruments; capacity release and the management and acquisition of pipeline capacity; the transportation system infrastructure; and fuel switching capabilities. Understands mark-to-market and profit and loss reports, technical evaluations and financial modeling. Skills Required: Bachelor's degree required. Must have at least seven years of related industry experience, as well as five or more years gas trading experience. Must be able to participate in a team environment, sharing knowledge with trading and gas control personnel and have the ability to interact with people at all levels within and outside the company. Contact Information mgibbs@reliant.com Privacy Policy | Legal Statement support@energyjobsnetwork.com or call" parks-j,am i still invited? How was your holiday? parks-j,pulled the trigger on the march 45puts. we will parks-j,Have a good flight back. Thanks for your help. Its been a trip. Happy Easter parks-j,"********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you." parks-j,cool. have you gotten weekend nominations? parks-j,"Paula, what do I need to do to retain my rights to CQG. joe" parks-j,"actually its tomorrow, Mar 5, 310 Fisher Rd. Humble Texas ( key map 335y) Time previews begin at 9am, sales begin 10am, all sales must be made in" parks-j,"Who do you think I would need to call about setting up a concession stand in a county building? ""The county"" is not an appropriate response." parks-j,GO LOOK AT THE LAST THREE DAYS I HAD TO STOMACH. (ngm1) WHAT THE HELL WITH THE parks-j,"I have meet Charles once, so now guarantee that he is good. However, I have know Todd for several years and am highly confident in his ability." parks-j,"LOWER, however it doesnt break soon. it will consolidate. dont see any big rallies or major pull" parks-j,"Ed, In my conversations with Andy Edling at NGPL, he indicated to me that NGPL is unwilling to allow us to permanently release ENA storage contracts to a third party. He is recommending that we work out a capacity release arrangement with a third party." parks-j,This is what we have done so far this month. Let me know if you need me to translate anything. parks-j,Here is a response from Shemin regarding the gas that we received on MRT from Duke Field Services. I would like to know if I can seek the necessary approvals to pay Duke for the volumes. Thanks parks-j,"Louis, I, for now, have requested wholesale basis positions(price equivalent) be keep out of the price report. Further I have requested a seperate basis report that will show similiar information contained in the price report. I would like to look at basis correlations before including them in fixed price." parks-j,"Ok with Freds. and Playa. Dont know anything about Galveston, need more info( days?)." parks-j,"Chance, take a look at this file it will give you an ideal of what formate we are looking for on a consolidated report. We need the info non-PVed. Also, the oxy Info needs to be seperated. Info we need is: Wholesale Financial Price Basis Nymex Equiv. Index Wholesale Physical Price Basis Nymex Equiv. Index EES Financial Price Basis Nymex Equiv. Index EES Physical Price Basis Nymex Equiv." parks-j,"Hey, look at this. This should be helpful. Let me know if you want to go over this." parks-j,"Ed,wants me to get this deal closed. I spoke with Stuart and he would like your opinion on using the proceeds from the sale to cover the expense of the MRT gas. He seems to think it shouldn't be an issue given that ENA is counterparty to both. Of course we would need to add language that would require Centana to show that it has paid Duke Field. Lets Discuss. ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you." parks-j,"we recieved gas from Duke Field Sevices(flow dates: dec4-31 on mrt) and deliverd it to Oneok per a sale agreement entered into pre 12/1/02 ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you." parks-j,"After speaking with Linda, it appears they have a claim against ERAC ( Enron Reserve Acquisition Company), a non bankrupt entity. Ed, who do you think I should have Linda Roberts send a letter stating GLO's position?" parks-j,"Paul Paul, thanks for forwarding my resume to Tom. I met with him and several other nice people over there this afternoon. They seem like a great group to work with. The position sounds very interesting and like it would be a good opportunity. Hopefully, something will work out. Again, I really appreciate your efforts. Thanks" parks-j,"got yor message, i am meeting greg at molinas. call me on my cell if you need" parks-j,"Stephen, I was unable to login to CQG this morning. What can we do? Joe" parks-j,"THANKS FOR THE GRASS OFFERING, DONT WAIT ON ME I DONT THINK I CAN GET TO IT THIS WEEKEND AND AFTER THAT ITS NO GOOD, THANKS ANYWAY. IF MY NEEDS CHANGE, I KNOW WHO TO" parks-j,"no, i have actually looking to put some long term money to work. am being real carefull down here." parks-j,"i usually go at lunch, but can go arround 4-430 at the park. when you" parks-j,The answer is yes. Money was received Friday and Doug should be getting approval to send the other out today. parks-j,dec 14 no moon. 18th its 11% gets to 50% on the parks-j,"Hey, whats the status on the wire? Please." parks-j,"This is the latest and greatest from centana. Are you ok with this, will you review?" parks-j,"will a pound of beans be enough or should i make 1.5lbs?, i will also make them this weekend and freeze. any" parks-j,"Hey, how are things? Going pretty well here, ready for a vacation. How do you get Pariba? Thanks for sending it, but i get something everyday." parks-j,TAKE A LOOK AT THESE FOR ME. THANKS. parks-j,what the hell are you guys talking about? there was one. parks-j,"Yep, still here. Things are pretty slow, just waiting to get the hell out." parks-j,"HOW TO GROW MOLLYPOPS. FENNER HOUSEHOLD DOES A SWAP WITH MOLLYPOPS, AN LLC FOR FORWARD PRODUCTS,. OF COURSE RECONIZE IT AS INCOME TO MOLLYPOPS, AND THAN THE FENNERS GET A SMALL BUSINESS LOAN TO PAY FOR THE SWAP, USE YOUR HOUSE AS COLATERAL. OF COURSE YOU WILL HAVE TO MEET THE 3% NON CONSOLIDATION RULE TO KEEP YOUR PERSONNEL AND BUSINEES AFFAIRS SEPERATE. YOU COULD GET e TO PUT UP 1000, AND ASSIGN HIM MAJORITY OF THE PARTNERSHIP. AND TO MAKE HIM FEEL BETTER, YOU COULD SET UP A RESEVRE ACCOUNT TO PROTECT HIS INVESTMENT. OH YOU MIGHT HAVE TO GARUNANTEE HIM A 15% RETURN." parks-j,"Yes, in harris county, looking to put a coffee stand in the new county court building/law center. They have no concessions. By the way, how are you and the family?" parks-j,Let me know if you have any questions. Joe parks-j,"Kay, ENA has received a letter from Pace Global Energy Services, who is agent for Reynolds metals Company, detailing what actions it has taken to settle damages it incurred for the month of December. Would you please give a call when you have a moment to discuss what action we need to take at this point." parks-j,"If you are in town, I would like to set up a meeting sometime today to finalize the document. Joe" parks-j,"sounds like a silverhouse. not to mention that is ""the" parks-j,Lets use whatever bank is easier. Wish me luck on finding someone else to buy this gas. Lets hope we don't have to go that route. parks-j,IN? WHEN? parks-j,"I SHOULD BE AT MY DESK MOST OF THE DAY, GIVE ME A CALL. JOE" parks-j,"I don't like my odds on finding another. Let me know when you finish reviewing their comments. I will contact them about the sale, if we are ok with it." parks-j,"hey, do you have extra tickets to the colorado game. How did you dad fare in the fire." parks-j,Thanks. Let me know if you can show me a FGT2 and Sonat Feb physical basis. parks-j,Would you guys please call me in the morning. We need to get some reports before lunch tomorrow. Thanks Joe parks-j,I received it and forward to Ed. Sorry about your loss. Let me know if there is anything else you nee dofr me to do. parks-j,"HEy, i will talk to Kim about saturday. Saturday it should be clear out there. the question will be friday. the long QQQ is a short term couple of bucks type trade. think its got" parks-j,"Joe, give some details on the fishing trip. Day, Time, Where, and how" parks-j,"Stuart, I have attached a cash flow worksheet that will walk you through the calculations. The file is located 0:\gas structuring\Centana_Duke. You will also find other related materials associated with the transaction." parks-j,Gerald Centana is sending me a draft of their proposal. Would you like me to forward you a copy or is there someone else I should send it to? Let me know. Thanks parks-j,"ENA had a term supply contract with Energen to purchase roughly 4,485MMBTU a day at 2.60 on MRT, which Energen terminated on December the 4th, 2001. The operator for the supply, Duke Field Services, erroneously allowed supply to continue to flow between Dec. 4-31. ENA also failed to remove its nomination for the supply, allowing it to continue to flow to ENA's market, Oneok. Duke Field Services would like to get paid for the gas it delivered and has offer to sell ENA the gas at a price of 2.3375 (gas daily average for MRT West Leg). I have spoken with David Eubanks in gas settlements and he shows ENA receiving and delivering the gas to Oneok. I would like to try to get the MRT issue settled as soon as possible, for I feel that it would help facilitate the Centana Storage account (approximately $2,500,000 in positive cash flow). Although Duke recognizes that it has no offset rights for the two issues, they seem to be taking their time." parks-j,"they are all worth it, every penny. keep in touch let me know how things are" parks-j,"hey, why get in the middle. its not our responsibility to get AEP their money. Don't you think it would be cleaner to just give it back to EL Paso." parks-j,"Phil, heads up, i will need another wire for about 224,000. It will come from funds that I should receive today. I will get you specifics a little later." parks-j,got a call from duke. They filled the position. parks-j,Lunch is hard to do. After work one day would be better. parks-j,"Hey, Stuart is recommending we proceed without hearing from Duke. Could you send me a copy of what you have. Any questions, give me a call 3-9636" parks-j,"I will be serving brisket, chicken and of course everyone's favorite, beer. This Sunday around 4pm. Come over bring you kids and your wife. Kim will also send out an email to your spouses. Joe Senor Safety (I like" parks-j,"David, we are buying this gas as agent for Ponderosa Pine Energy Partners. It is my understanding that the partnership will be responsible for all billing. Thanks Joe" parks-j,"no , let me get a few more questions answered. than we will put it back on. However if you think we should, go ahead." parks-j,"Hey, how are things going? Give me a call when you get some time. Joe" parks-j,"Erik, forward that last email about Sunday to Chad. My email would not send to him. Thanks" parks-j,"I have spoken to Reliant,TXU, AEP, Coral, El Paso, and Aquila about buying the supply we have in storage. They have either told me they don't have any interest in buying it or they just don't respond. Centana is willing to buy the inventory if we will pay for the gas we received in December off of MRT. I have gotten Shemin Proctor's opinion on the situation (see attached). I would like to move forward and settle these issues with Duke/Centana. I have also included estimated cash flows on the transactions. Thoughts?" parks-j,"GOT YOUR MESSAGE AND HEAR YOUR COMING INTO TOWN. LET ME KNOW WHAT YOUR PLANS ARE. BELOW ARE MY NUMBERS SO YOU DONT FORGET TO CALL. CALL MY CELL, ITS ALWAYS ON. ALSO MY HOME EMAIL ADDRESS FOR FUTURE REFERENCE. HM 713-993-7171 CELL 713-408-7962 WRK 713-853-9636" parks-j,Louis has brought up a good point. Are we able to see positions non-PV? also can we get a seperate nymex equivalent basis parks-j,"made some changes to the transaction summary, am i on the right track? please hold my hand, stuart scares me and i dont want to mess up again, he is not" parks-j,read it. no real opinion. parks-j,"Tom, How was holiday? It was nice spending time with the family for the holidays. The kids had a great time. When you get a minute, could you get Donnie's phone number at prebon, and Missy's number at APB, I would appreciate it. Thanks" parks-j,"reguest for menu, red beans and rice? i will make this weekend if you would" parks-j,"Hey, got a call from Jeff Smiron. Apparently he has an invoice he needs to send. Do you want to call him and give him a fax so he can send it." parks-j,"Chip, I just want to follow up my voicemail. If you can get with me by the end of the day or first thing tomorrow, I would appreciate it. I am trying to get the Centana Storage resolved and need your opinion/approval on an issue. Thanks" parks-j,"hey dumby, call me when you get to town friday night. also i am having some people over sunday, if you want to come over. joe 713-408-7962(cell) 713-993-7171(home) 832-851-2821(work) -----Original Me[Parks, Joe] hey," parks-j,Have a happy Easter! Lets talk next week. parks-j,Sent notice to Williams. They imediately responded that they had credit issues and were waiting to hear from us about the letter of credit. parks-j,"hey, how are you? can you send me an example of how you callculate var on contracts. for example: price is 3.10, 100 contracts, vol. 60% ""SHOW ME THE MATH"" JOE" parks-j,Chris Would you please add the gas weather outlook product to our account (Bridgeline). Thanks Joe parks-j,"Doug, money! yes?" parks-j,He is out of the office until about 11:30. My gut is that this is not going to happen until tomorrow or monday. parks-j,"what is with you Feder boys, first nascar now soccer. pick a" parks-j,"I would like to terminate my membership to The Bodyshop effective immediately. If you have any questions, please feel free to contact me." parks-j,let me know more details. i am parks-j,"Liz, what should we do with this? I would like to keep the service, yet only if the price is right. Lets talk." parks-j,Bad news. I am not going to be able to take off work that day to go fishing. But will be arround for the weekend. parks-j,"Need market indications for trunkline stx basis and index for the term Jun02-Dec07. If you cant find it, give me Trunk ela. Thanks" parks-j,"Jennifer, if Randy has updated the user list. I would like to set up a login and password. Let me know." parks-j,"SPOKE WITH CENTANA, HE HAS TOLD ME THAT HE IS WILLING TO LET ME SELL SOME OF THE INVENTORY. HE HAS STATED THAT HE WILL WANT TO KEEP SOME OF THE INVENTORY AS COLLATERAL FOR PRE AND POST PETITION DEMAND FEES." parks-j,"Was unable to make contact about the trailer. soryy about the delay, just a little busy dodging" parks-j,you watch any of sharron watkins. she does paint a pretty picture. hows it going? parks-j,dont know who that is. i can find out if you want me too. I know a few people in RAC. things arround here still suck. i am doing a little stock trading and trying to find a job. basically doing the bare minimum to keep the parks-j,"chip has the info, not sure what his opinion is. thought you would" parks-j,"Hey, thanks for fowarding my resume. Let me know if you have any questions. Joe" perlingiere-d,"I would like to take the 16th throught the 26th of November. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Further to our conversation, please see the attached draft of a Master Firm Purchase/Sale Agreement for your review. Please do not hesitate to give me a call with any questions and or comments you may have regarding the enclosed." perlingiere-d,"Jeff said we can use the gty you referenced. We, legal should review it after the counterparty has completed same. Let me know if you have any other questions." perlingiere-d,"I have no exceptions other than vacation, thanks!!!!!!!!!" perlingiere-d,"Here is the amendment for Oneok if you would be so kind to send to them. Thanks!! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Thanks Ellen!!! perlingiere-d,"Mary, Attached is a draft of a Spot Agreement for your consideration. Please give me a call with any questions and or issues you may have regarding the attached." perlingiere-d,"I left a message regarding the GTC sent yesterday for this customer. As we have a signed Master now from them, please reconfirm under this Master. I have sent the Agreement to Stacey Richardson for handling. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,Tomorrow is good. I will plan on it @ 12:00. perlingiere-d,Friday is good for lunch. 12:00 @ your choice. perlingiere-d,"Further to our conversation, please see the attached ENA GISB draft and a previous draft of a Master Agreement between ENA and Tractebel. Upon your review, please give me a call with any questions and or comments you may have regarding the enclosed." perlingiere-d,"Greg: Attached is a draft of a Master Firm Purchase/Sale Agreement between Enron North America Corp. and Revere Copper Products, Inc. for your review. Please give me a call to discuss any questions you may have regarding the enclosed." perlingiere-d,"Well yes, I do miss you being here. Our new clerk is fine. How do like Fed Ct? Gerald says we are having lunch one day next week." perlingiere-d,Thanks ! My Excel has a problem. I now have the thresholds. perlingiere-d,"Further to our conversation, please see the attached ENA GISB with Special Provisions on the last page. Please give me a call upon your review to discuss." perlingiere-d,"The name of the company is Atlanta Gas Light ? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"In response to your inquiry regarding EOG, the correct name is EOG Resources and is not owned nor does Enron have any interests in EOG. EOG is a separate entity on its own. I am sorry I do not have additional information." perlingiere-d,"Are you free for lunch with Majed on Friday? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I have reviewed their comments and need to discuss several matters with them, we cannot agree to some of their revisions on such issues as Force Majeure and credit etc. Also, with regards to credit issues, the credit department will review and negotiate these. Please have Mr. Bransgrove give me a call." perlingiere-d,"Please see the attached Master Spot Purchase/Sale Agreement for Pioneer Oil Company. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"How is Gail? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Thanks for our email. At the present time, Ena is not putting new GISBs in place. However, we have a Enfolio Spot Agreement which will achieve the same purpose. Please see attached." perlingiere-d,"Mike Further to our conversation, enclosed is a Master Firm Purchase/Sale Agreement for signature. Please print two originals, sign and forward both to my attention at the location below. I will return an original for your records upon final execution. Should you have any questions, please do not hesitate to give me a call." perlingiere-d,"I have found the names in the directory under ""HPL"". Thanks for your assistance." perlingiere-d,"Good morning, did you go to the farm this weekend? How are the horses etc. Are you teaching this semester? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,713-646-3491 to my attention. Many thanks! perlingiere-d,"The confirmation for the July -Oct transaction with Kenoil has not been signed. Mr. Flecher does not think he needs to sign this? Are we purchasing gas? I will resend the confirm to him for signature unless you tell me otherwise. Also, please remember to advise regarding volumes for the last agreements you sent. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Veronica I have sent Alan Griffin with Texican a redline version (attached) regarding Threshold changes, to which he does not agree. In addition, he is insisting language regarding LC's ""On a Monthly basis"" be retained. Please talk to him regarding credit issues and let me know. We did not discuss the MAC. These are the only issues remaining. Thanks for your help. AGL Energy Services, LLC as you know has become Sequent Energy Management, L.P. They are ready to sign our Master however, I need your input concerning the credit worksheet sent 4/01. Do you want to change this? If not, I will proceed with final negotiations. Thanks!!!!!!!!!!! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I will arrive late tomorrow due to a doc appt. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,GOOD news I have the gty and will Fed X same to you today!! Have you been on any more hikes? perlingiere-d,"Ann, please see the attached Amendment for Kinder. Thanks for your help in sending same to the customer." perlingiere-d,Great!! perlingiere-d,"Thanks for the e-mail. Due the number of agreements between our respective companies, would you please fax me the front page of the other agreements you wish to amend. My fax number is listed below." perlingiere-d,"Further to our conversation, please see my address below. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Here is the link to the GISB, however trade has been terminated on this agreement as it was assigned last year to HPL prior to the sale. Alisha Mahabir and I are currently negotiating a new GISB with MGI with some difficulty. Also concerning PMI Trading, at present I show only swap agreements with this company. Marie Heard or Susan Bailey can assist you with swap agreements. Please give me a call if you wish to discuss this further. I have asked Alisha to give you a call regarding MGI." perlingiere-d,"I have sent these to Jill. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I left a message with Ms. Vangie to call you or me. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Thursday is good!!! my X perlingiere-d,Did not go out because of the heat and not feeling well. Would like togo one night this week. perlingiere-d,"Be advised I have a partially executed agreement for Twine. Please allow them to trade on Monday. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Robin, Here is the redline version including FM revisions. We cannot agree to the sentence in section 14.4 beginning ""In addition....."" as we will not pay demand charges. Also with regard to days to cure default, sections 9.4 / 10.3 as discussed. We would agree to 4 days? Please review the attached and let me have your thoughts. Debra Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Peter: As previously discussed, please see the attached Amendment to the Master Agreement dated March 1, 2001. If you are in agreement with the attached, please sign two originals and forward same to my attention at you earliest convenience. Should you have any questions, please do not hesitate to give me a call." perlingiere-d,"Oh no, so sorry, yes send the doc back to me. I will have it signed and return asap." perlingiere-d,thanks!! perlingiere-d,"When you have finalized your agreement with TXU, please fax the fully executed letter to Daren Vanek. Thanks!" perlingiere-d,Alan: Veronica Espinoza has made changes to Section 4.6 of the Master Agreement regarding thresholds and rounding as well as the Material Adverse section found in the definition section. I have attached a redlined version for your consideration. Please review the attached and let me have your thoughts regarding the enclosed. perlingiere-d,"With regards to the Master Agreement, our respective credit departments will need to discuss credit terms. Our contact here is Veronica Espinoza @ 713-646-6002. Upon receipt of information from our credit dept. a draft can be prepared. Concerning the GISB, I can negotiate this agreement when you are ready." perlingiere-d,"Attached is the final for MUD and ready for execution. Please review and let me know if you have any changes before I forward same to MUD. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Lisa, Attached is a draft of a Master Spot Purchase Sale Agreement between Enron North America and BTA Oil Producers for your consideration. Upon your review, please give me a call with any questions and or comments regarding the enclosed." perlingiere-d,"Further to our conversation, please see the attached contract for execution. Please print two originals sign, and return same to my attention at the address below. Please give me a call if you have any questions. Upon final execution, I will forward an original for your records. As discussed I will notify credit so you may trade on Monday if necessary." perlingiere-d,No but very nice stuff!!! perlingiere-d,"Thanks for your e-mail. I will make changes as noted. However, I am confused with regards to your corrections to Exhibit ""D"" as the draft does not include Exhibit ""D""." perlingiere-d,"Here is a draft of a Master Agreement requested on July 6th. I do not have any information for forwarding same to company or individual? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Here is a draft of the revised Master for Select for your review. It has not been sent to the customer. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Due to a doctor's appt. I will arrive late on Monday. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Attached is a confirmation for Unimark LLC / ENA Upstream. Glad your back!!! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Kathy, attached is a redline from our previous discussion. The only remaining issue is Section 4.2, please give me a call to discuss. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please disregard my previous email and my oversight concerning Exhibit ""D"". I will make the revisions as noted an send the agreement to you for execution,. Many thanks," perlingiere-d,Many thanks for your assistance. Would you please send via Fed X overnight to my attention. Thanks! perlingiere-d,"Janice, Attached is an Amendment to the GISB to changing the confirming party to ENA. Please sign two originals and forward same to my attention for final signature. I will forward and original upon final signature. You may also fax me a signed Amendment at the number below. Thank you for your assistance in this matter." perlingiere-d,"Attached is a redline draft of the Master Firm Sales Agreement as discussed. Upon your review, please let me have your thoughts." perlingiere-d,"Lets shoot for Tuesday next week? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Dan did the work on Entex. His phone number is 832-668-1452 / eadd 'djhyvl@aep.com'. perlingiere-d,"Here is the old redline version as well as the clean for execution. If in agreement, please have your customer print two originals, sign and return same to my attention. Also, with regards to Exhibit ""A"" have NG complete info re payments, invoices etc. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Thanks for your e-mail. Please give me a call at your convenience to discuss the agreement. perlingiere-d,"Weekend was too short!! Don't come back, stay out as long as you can!!!! It is crazy. Good to hear you are doing well. No news re the men." perlingiere-d,Today is good 12:30 ? Cafeteria is fine. perlingiere-d,"The contract is on Jeff's desk for his initials. I will bring it to you for vp signature when he returns it to me. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"I will arrive late Wed morning due to a visit to the Medical Center. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"TXU has requested we replace a previous GISB with HPL now assigned to AEP. Because they are an intrastate pipeline they require a warranty from us that gas sold has been produced, transported and used only in Texas. As ENA is interstate this is problem. Please advise how you would like to proceed with this customer. Thanks !! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"FYI, I have fully executed amendment for Idacorp / Kinder Morgan. However, Kinder Morgan as you know is a fax document. I will send these to Stacey Richardson but will not return same (Kinder) to the customer until we receive their original signed doc. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Future confirms for GG should be in the name of Gulf Oil & Gas Company. I have notified contract adm and global contracts. perlingiere-d,I am working on it now. I anticipate a draft will be ready no later than 12:30. perlingiere-d,"I have a fully executed Amendment to return to the customer. Can you give me the name / add of your contact. Thanks!! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I did not come out for nothing, I got to see the cattle, and you know I love being out there. Please let me know if there is anything I can do to help Garry or Gail." perlingiere-d,"can you check to see if we have sent confirms for 6 deals beginning in November thru 3/ 02 and 1 deal beginning 04/02 - 10/02. Delivery is at Dawn. Please advise. thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,Please review the attached GISB from Sigcorp and let me know what you think. This is the agency matter we briefly discussed yesterday. perlingiere-d,"Dave, as discussed attached is a revised GISB for your execution. Please print two originals sign and return same to my attention at the address listed below. Should you have any additional questions, please do not hesitate to give me a call. Upon final signature, I will forward an original for your records." perlingiere-d,"Ann attached is an amendment for Dominion Transmission, Inc. Please send to your contact. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I will be out of the office until July 11th. Should you need assistance please contact one of the following: Jeff Hodge Stacy Dickson Gerald Nemec Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Here is the revised Threshold for NG which takes it back to the 5/7 worksheet. Please review and let me know if there are any additional changes. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,NO !!! Thank God!!!! perlingiere-d,"Here is the contract, I am still working on the confirm. Do you want me to send the contract/confirm to the customer or will you?" perlingiere-d,"As you know, there are three long term deals with WPS extending into 2004 confirmed on GTC's. I am drafting a master. Can you give me the name/email/ etc. for a contact with WPS. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Thanks!!! Please let me know about Greeley, Gerald is getting impatient. Thanks!" perlingiere-d,"Sarai, at the risk of my head, I will agree to ""Seller"" as confirming party. So pending netting language we are good to go." perlingiere-d,"I have plans for tomorrow, how about Friday? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,The following amendments have been signed and sent to contract administration: Occidental Midcoast. Idacorp is with Stacy. Thanks! perlingiere-d,I have add set off language beginning with (A) after the word there form. We have changed the Master to included this new language. Let me know if this is a problem for NG. We want this language included as an additional remedy in case of default. perlingiere-d,"Can you help with restoring the AEP employee directories to the legal file? There are drafts of agreements currently being negotiated that are needed. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"This is the redline version. Veronica please review the change to days and language in section 11 (b). They are ready to sign, please get back to me asap. DP Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Please see below and forward a credit worksheet for WPS. Thanks. perlingiere-d,Are you going to N Mexico this year? I will not give my number out over the net. So perlingiere-d,"Ellen please fax this confirm to Jason Williams @ 713-853-9476 Tag # VA 6791 Satara # 798265 Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,Thanks Robin !! Have a great weekend. I look forward to further business dealings. Many thanks for all you help!!! perlingiere-d,Daren requested the agreement it is a WMBE. See perlingiere-d,"Yes, the agreement was under ENA. The confirmation / contracts are on Stacy's desk for signature. The customer signed the contract/confirm with ENA !! I question if this is really suppose to be ENA Upstream? This deal was done with John Singer?? Can you speak with these guys? Let me know as the contract and confrim has been signed." perlingiere-d,"Select is ready to negotiate the attached agreement prepared in 11/2000. Do you have any changes to the credit section? Please advise. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Mr. Neuman: At you request, we are pleased to provide you an additional draft of the Master Agreement originaly sent September of 2000. Please do not hesitate to give me a call should you have any questions regarding this matter." perlingiere-d,"At your convenience, please give me a call to discuss. Thanks" perlingiere-d,"Further to our conversation, please see attached August Confirmations for Public Service Company of Colorado and Cheyenne Light, Power, Fuel & Power Company. If in agreement, please sign and return to my attention at the location below. Should there be discrepancy please advise as soon as possible. Upon final execution I will forward an original for your records." perlingiere-d,Attached is a draft of the Master for CIMA Energy LLC. Please provided me with the email address or physical address for the contact on your credit sheet. Mountaineer Gas has been sent to customer by S. Dickson Giant Industries was sent to G. Gilbert for delivery to customer. El Paso Company draft was been sent. perlingiere-d,"Currently we have a GISB in place with Nicor Enerchange as of 1/1/00. Attached is a draft of a Master Agreement prepared in March of this year for Sylvia. I believe she sent the draft to the customer? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please send me info regarding addresses / contacts for these amendments. THX Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Jennifer, Attached for your review and signature, is an Amendment to the current Master Firm Purchase/Sale Agreement between Enron North America Corp. and PG&E Energy Trading-Gas Corporation. The Amendment restates Section 2.4 and in so doing ENA becomes the confirming party for all transactions. Please print and execute two originals and forward same to my attention. Upon final execution, I will forward an original for your records. Please do not hesitate to give me a call should you have any questions regarding the enclosed." perlingiere-d,"Tractebel has decided to move forward with a Master. I have a draft prepared from a credit worksheet dated 9/11/00. Please advise of any changes to the credit sections. As they are in the ""mood"", I would very much like to proceed ASAP. Thanks. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Ellen attached are Confirms for September. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Thanks for your email. The Assignment looks fine. Regarding Exhibits ""C"" and ""D"", I have copies of executed parental guaranties for both parties and will fax same to you. Many thanks for your help. Have a great weekend." perlingiere-d,"Attached is a contract and confrimations for the above previously sent in November of 2000 along with confirmation for referenced trade. I will send the aforementioned again to Mr. Forrest. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,No they did not make our changes. AES is requesting a contract. perlingiere-d,"Further to our conversation regarding long term deals extending into 2004, please see the attached draft of a Master Agreement between Enron North America Corp. and WPS Energy Services, Inc. We would like to have the three transactions at issue confirmed under a Master. Please give me a call at your earliest convenience to discuss any questions you may have regarding this matter." perlingiere-d,Thanks!! perlingiere-d,Thanks !!!!! I will begin reviewing it today. perlingiere-d,"Please look at the attached redline from Greeley regarding the credit sections. As you may recall a previous discussion regarding the exact name for the contract, the contract will be in the name of Atoms Energy Corp. Please let me know asap. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Attached is a draft of ENA GISB with Special Provisions. Please give me a call to discuss. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Jim, Attached is an Amendment to the GISB changing the confirming party to ENA. Please sign two originals and forward same to my attention for signature. I will forward and original upon final signature. You may also fax me a signed Amendment at the number below. Thank you for your assistance in this matter." perlingiere-d,"Did you go to the dog show? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Veronica, Duke has agreed to 5mm for their threshold I have sent a redline for their review. Thanks!" perlingiere-d,"Stacy and I will be discussing changes to the Master Agreement on Friday. Please send me an email and cc Jeff, and Stacy, requesting changes to Section 4.1,4.2 to delete ""on a monthly basis"" re the call for a letter of credit. Dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"LeAnne: As requested, please see the attached form of guaranty for ENA's master gas agreement. Please do not hesitate to give me a call should you wish to discuss the enclosed." perlingiere-d,"For Kennedy, the transactions that list ""CIG Index"", are they Inside FERC? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please forward originals to my attention (see my add in email). In addition, please remove ""Draft"" and ""For Discussion Purposes Only"" from the agreements. Send two signed originals and I will forward one fully executed contract for your records. Many thanks for your assistance in this matter. Please give me a call if you have any questions." perlingiere-d,"Ann please resend the attached to your contact at Avista. The document as executed is missing ""Section 2.5 Confirming Party"". Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Regarding SJ, the Master Gas agreement as drafted and sent to the customer included a Gty to ENA for 7mm. As stated below, Darren has requested a Gty from SJ to ENA for 8mm that covers physical gas and financial trades. Have they sent us a gty or are your drafting one? In any case please let me know. I need to revise my draft and secure a copy for use as an exhibit to my Master. Thanks" perlingiere-d,Please prepare. Thanks! perlingiere-d,Many thanks for your help. We are caught up for now. perlingiere-d,Judy the GISB is not attached to this email. Please resend. perlingiere-d,"I am attaching a revised form of the previous ENA Upstream GISB. Please send this version to your prospective customers. The FM language in the Special Provisions section has been removed. Also, ""DRAFT"" and ""For Discussion Purposes Only"" should remain on the front page when sent to the customer. Please give me a call if you have any questions. Thanks" perlingiere-d,"I will NOT give out my #. I have not been, hope to go this fall." perlingiere-d,"Regarding my phone message, attached is a redline reflecting Greeley's comments to the credit sections. Please let me have your thoughts. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I am unable to find this agreement in Livelink (96003804) Global lists it as active. Can you help me. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please give me a call to discuss Nov transaction. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Janie Kelly wishes for me to tell you the ISDAs are in the legal dept. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I need help finding contract # 96066288 a GISB. It is in Global but not livelink? I need a copy if you locate it. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Re Texex I have the worksheet and can send you customer a draft this morning. Do you have a email address? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Can you tell me whom the trader / or business person is for this company? They are a sub of Tracebel. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please see the attached Special Provision page to ENA's GISB with Force Majeure language. Give me a call if you have any questions. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I am sending by messenger as requested, two terminated Gas Sale Agreements for LCRA. Please let me know if I may be of further assistance. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I am sending you the new Guaranty from SJ to ENA. SJ has requested we return their original gty for $5MM which expires 11/30 now replaced by the new one. I will be happy to send them the old gty if you will send same to me. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Further to our conversation, with regards to the contracts, ENA prefers two separate agreements one for each enitity. For accounting and legal reasons two agreements are necessary. I will prepare a draft for Kentucky Utilities Company if you wish to move forward. Let me have your thoughts regarding this issue." perlingiere-d,"Yes, please sign the Amendment and return same to Enron. Thanks!" perlingiere-d,We are in agreement. I am finishing a few revisions now and will send you / mud execution docs in a few minutes. perlingiere-d,We have executed documents from the customer both a contract and confrim. They will be fully exeucted by ENA and returned to the customer as such. Confirmations regarding this contract must be confirmed under this agreement in the name of ENA. We will not undo this agreement. perlingiere-d,"In addition, we also need a letter or other documentation from you regarding the name change in order to update our systems. Thanks" perlingiere-d,Here is the amendment. Thanks for your email!. perlingiere-d,"Yes, I am sorry it has been so long. The Gty is still in our corp. offices for execution. I will check on status tomorrow. Thanks for your email." perlingiere-d,"As requested, please see the attached draft of the Master Firm Purchase/Sale Agreement previously sent. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Steve here is a master with muni language. I would direct you to Article 2, 8.6, Representations and Warranties, and finally the form of opinion on the last page. Hope this helps. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Ann do you have an address and contact for Dominion? I have an executed Amendment to send to them. Thx Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"FYI, the amendment has been executed by both parties. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I am so sorry, a lesson on communication. I called and left a message and waited by the elevators. Lets try for Thurs or Fri?" perlingiere-d,"Patrice here are the two guarantees as discussed. I have redlined the changes for your customer to review. Please give me a call if you have any questions. DP Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Yes I did. Muchas Garcias !! perlingiere-d,"I am not playing the game this year, thanks anyway. Regarding the dogs, why don't you email someday that is good for you and we can meet. Tiz cannot take the heat and I will leave him behind, but Gen desperately needs to get out." perlingiere-d,I did not get to go because of time. How are your dogs? My dogs need some socialization and I would like for them to meet your again sometime. perlingiere-d,"Robin, I have redlined changes to Thresholds in section 11. Please review and let me know. Thanks !! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please take a look at there changes to the numbers an let me know. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Kim, here is your draft for Noresco. Call me if you have any questions. I realize the name is wrong on the file I will change this, it is correct in the contract. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,How much fun!!!!!!! If I were younger I would try technical climbing. It requires lots of upper body strength as you know. I envy you that sounds like great fun. Let me know when you do Longs Peak!! perlingiere-d,"Here are the confirms as discussed this morning. I need language for ""Contract Price"". Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"We cannot enter into a contract with TXU as they require ENA to warrant gas sold is ""intrastate"" gas. For obvious reasons this is not possible. Please give me a call should you wish to discuss this further. Dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Thanks for your call, yes the T letter is done and returned to Alagasco. There is one deal still under the agreement that will die in October." perlingiere-d,"Please forward Ellen's dog pictures. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Mr. Neuman: At you request, we are pleased to provide you an additional draft of the Master Agreement originaly sent September of 2000. Please do not hesitate to give me a call should you have any questions regarding this matter." perlingiere-d,"Please let me know if you have any changes. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Attached is a Master draft for the above. I do not have an address or contact for your customer? Will you forward the draft? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"At Ed's request I sent him Select's draft for review on 7/30. He requested the agreement not be sent prior to his review, I await instruction. Concerning South Jersey, I sent the draft to you on 7/25 to be sent to the customer from which I have had no communication. Also, I am waiting on the gty." perlingiere-d,"In response to your email here is the Amendment for Mitchell. Please forward to your contact. Regarding Avista, I have not received the amendment to date." perlingiere-d,Here is the revised Confirm. Please review. perlingiere-d,"Theresa attached are renegotiation letters as discussed. Please note I did not find an address for Coleman in our files. Also, I have not prepared letters for Howell Petroleum and North Central Oil Corporation. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Revised with language from the Master. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,I have been negotiating this agreement withthis counter party for greater than 6 months and we are close. Give me a call to discuss. perlingiere-d,"I have you down for lunch? Are we still on for today? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Thanks for the birthday wishes. Its hot here but not as hot as your town. Well, your age does not make me feel any better!!!! Think about NM, I am going to call about some air fares. October would be great. I am enjoying our deb/mary bag!!! Take care!!" perlingiere-d,"Florida Power Corp. was signed and in the system as of May 1, 2001. Florida Power and Light Company has not been signed. I started negotiations with Pam Erickson and await her response. However this has been several weeks ago. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"To update you, we have reached an agreement with MUD. I will be sending execution documents this week. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"The Contract Price shall be the ""Index Price"" published in Inside F.E.R.C.'s Gas Market Report for __________________ as listed in the table entitled _______________ Delivered to Pipelines"" in the first-of-the-month issue of such publication for each Month during the Period of Delivery less _______ per MMBtu and less applicable gathering and/or processing charges. The Contract Price shall be the ""Index Price"" published in ""Gas Daily"" (Platts, a division of the McGraw-Hill Companies) or successor publication, in the column ""Daily Price Survey"" under the listing________ as published for each Gas Day. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"How about next Friday the 10th? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"The name of the company is Atlanta Gas Light. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Lisa these do not appear to be the right confirmations. Maybe we can meet Friday afternoon to discuss. perlingiere-d,"Attached is the final redline for Duke they are ready to sign. Please take a quick look at the credit provisions to make sure all is ok. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Attached is a draft of as Master Agreement between Giant Industries Inc. and ENA. Should you have any questions please give me a call. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Regarding the GISB, issues remaining are Section 3.2 Performance Obl. and their Guaranty. We prefer Spot Standard for Section 3.2 however, they argue the Cilco city gate does not have a ""Spot Market"" . If the city gate is their end user I will give on this point. Tammy is checking on this. The only other issue is their Guaranty to Enron. I have no problem with amending the gty or putting a new one in place. Having said that, I would prefer they draft the amendment. This of course is contingent on credits ok with the change in the gty amount. FYI, I will be out to the office tomorrow afternoon for meetings. If you need me leave a message with my assistant and I will call you back. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Attached for your review is an Amendment to the GISB concerning Section 2.5 Confirming Party. Please have two originals executed and forward to my attention for final signature. I will return an original for your records. Should you have any questions, do not hesitate to give me a call." perlingiere-d,"At Gerald's request, I am forwarding a Sample Master Agreement. As you may know, we currently have a GISB in place with Platte River. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,I am in the process of reviewing their comments. We have at issue one agreement or two. LG&E has purposed one agreement for both LG&E and Kentucky Utilities Company. For legal and credit reasons this is not doable. I await their response on this issue. Lora Aria has asked me to proceed with my review process setting aside the issue of party names and I am doing so. perlingiere-d,"We are ok with numbers 1 and 2 of your email with one change. We would like to place ""Associated Costs"" in the ""Appendix"" as a defined term. Let me know if this is acceptable and I will proceed with execution documents. I should let you know I am currently waiting on my credit dept. regarding any changes to the numbers in the credit sections. I hope to have an answer by tomorrow." perlingiere-d,"Do you have this contract in your office. If so, would you send me a copy. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Brenda, In response to your phone call, our Master is for firm delivery only and as such will not accommodate interruptible service. If you wish to put a Master in place, our credit department will need some information. Our contact in credit is Veronica Espinoza @ 713-646-6002 or Jason Williams @ (713) 345-3923. Finally, I will be happy to send our GISB with special provisions if you so desire." perlingiere-d,"Please change the payment information in the letter to the following: Enron North America Corp. P.O. 840201 Dallas, Tx 75284-0201 With these changes you are go to trade." perlingiere-d,Thanks for your email. However I need to know about volumes. Is it 100% of production for these new contracts? perlingiere-d,"Please see the attached draft for eprime. I will forward the draft for Willamette Industries tomorrow. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,Great!!!!! perlingiere-d,"They are ready to sign the attached however, the thresholds and guaranty amounts have been changed several times. Please advise. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Ann please give me the date of the agreement. Many thanks!! perlingiere-d,"As an update, there is only one issue remaining concerning the agreement, that being Force Majeure. Also I am waiting on a revision to Dynegy's Guaranty for Nicor. I have left a message for Mr. Hunt and await his call. I think we are there just a few minor adjustments. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"It is finished, I just need an attorney to review it. It should be ready in the morning." perlingiere-d,"FYI, I have received Tiger Natural Gas's amendment. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Pam, As discussed, attached is a draft of a Master Firm Sales Agreement for your review. Please do not hesitate to give me a call to discuss any questions you may have regarding the enclosed. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I went to see the horse! I like the color although I did not get a good look as someone was there and had him out with one of the mares. Have a Great Weekend !!! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Shary, Regrettably we are unable to use your letter regarding the amendment to the GISB. In that regard I have enclosed our Amendment for signature. Please sign two Amendments and return both to my attention for final signature. I will forward a fully executed Amendment for your records. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"As requested, please see the attached letter document. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Congrats!!! What a relief !!!!!!!!!! perlingiere-d,"Here are the most frequently used agreements for physical gas trades. I draft and negotiate both the Master Firm Purchase/Sale Agreement as well as ENA's Spot Agreement and GISB. If you have any questions, I can explain the process including credits part. Finally, the Master Agreement was last revised in September of 1998. These were minor revisions and I doubt you would ever have occasion to visit the 1998 form. Please let me know if I can be of further assistance. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Mr. Knight: At the request of Syliva Pollan, I am forwarding for your review the attached draft of a Master Gas Purchase/Sale Agreement between Enron North America Corp. and Metropolitan Utilities District. Upon your review, please give me a call with any questions and comments you may have regarding the enclosed." perlingiere-d,"Here is a redline and clean version of requested changes by Atmos. If they are in agreement, print two originals have same signed and returned to my attention. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Thank you for your email of 12,November,01. In response to your questions, yes I intend for the Exhibits to be as sent for Exhibits A and B. And second, I have amended the list to include as the last item Deal No. 1148026 of which is attached. Please sign two originals and return same to my attention for final execution. Many thanks," perlingiere-d,"Mike, At the request of Sheetal Patel I am forwarding to you a Draft of ENA's Master Firm Purchase/Sale Agreement for your consideration. Upon your review, please give me a call to discuss and issues you may have regarding the enclosed." perlingiere-d,"Here is the sample. Email this to your customer to review. They need to see our special provisions on the last page of the GISB. Have your contact call me to discuss the GISB when ready. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Whom ever is working on Aquila please give me a call asap. This entity wants to mirror the agreement signed with Aquila Energy Marketing save a change to the threshold to 5MM. Please call. Thx dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"At the request of Patrice Thurston, please find the attached sample draft of a master gas agreement. Please give me a call with any questions you may have regarding the enclosed." perlingiere-d,"At the request of Gerald Gilbert, I am forwarding for your consideration a draft of a GISB between Enron North America Corp. and TECO Power Services. Upon your review, please give me a call with your questions and or comments." perlingiere-d,"I will be leaving around 5:00 on Friday for a veterinary appointment. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"At the request of Jeff Hodge, please see the sample forms of ENA's physical gas Master Agreement and the GISB. Please give me a call if you have any questions regarding the attached. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Steve please forward the original e-mail, as there are no documents to open in this e-mail or have LG&E send the redline directly to me. The file was corrupted at some point. Thanks!" perlingiere-d,"Robin, Attached is the final version of the Master Agreement. If in agreement, please have two originals signed and return same to my attention. Upon final execution, I will forward an original for your records. Do not hesitate to give me call should you have any additional questions or comments regarding the enclosed." perlingiere-d,"This is fine with me. I will rush to get this completed. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Christopher, Attached is an Amendment to the GISB to changing the confirming party to ENA. Please sign two originals and forward same to my attention for final signature. I will forward and original upon final signature. You may also fax me a signed Amendment at the number below to be followed by the original signed amendment. Thank you for your assistance in this matter." perlingiere-d,"Kathy, Attached for your review and signature, is an Amendment to the current Master Firm Purchase/Sale Agreement between Enron North America Corp. and PG&E Energy Trading, Canada Corporation. The Amendment restates Section 2.4 and in so doing ENA becomes the confirming party for all transactions. Please print and execute two originals and forward same to my attention. Upon final execution, I will forward an original for your records. Please do not hesitate to give me a call should you have any questions regarding the enclosed." perlingiere-d,"Linda, Attached is a clean document for execution. If in agreement, please sign two originals and forward same to my attention for final signature. I will return a fully executed agreement for your records. Do not hesitate to give me a call should you have any questions regarding the enclosed." perlingiere-d,Please begin this confirm and Stacy will finsh with credit language. Thanks! perlingiere-d,"As you may recall, I have your executed Agreement for ENA signature along with the Amendment to Section 4.1 and the Material Adverse Change. I await the Guaranty form Kaztex to ENA. Please advise at your earliest convenience how you would like to proceed." perlingiere-d,"I know nothing about this agreement, and Jeff nor Gerald are currently working with this cp. Global Contracts does not indicate a Master in place. However, Stacy Dickson is out of the office today, she could be working with this cp. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Tim: At you request, we are pleased to provide you an additional draft of the Master Agreement originaly sent September of 2000. Please do not hesitate to give me a call should you have any questions regarding this matter." perlingiere-d,"Regarding the gty you inquired about. I have not been successful in my search for same. Nevertheless Enron Corp. is acting as guarantor for ECT only. Enron Canada is not covered under this gty. Please let me know if I can be of further assistance. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Reminder meeting with Jeff Hodge and myself today at 2:30 in Jeff's office 3878. Please let me know if you cannot attend. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please send a credit worksheet for this entity to Alisha Mahabir. many thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please give me a call at your convenience to discuss. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Are there any deals outstanding under this GISB # 96036522? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Gerald wanted me to make sure the letters for renegotiation have been sent to the customers so we meet the time requirements. Please advise. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Angela here is the draft of the Master for Aquila Dallas Marketing, L.P. Since this is a limited partnership, the general partner will sign on behalf of the partner. Please let me know the name of the proper entity. Finally, this draft mirrors the previous Master signed by Aquila Energy Marketing Corporation in all areas." perlingiere-d,Peach or not I want to go!!! perlingiere-d,"At the behest of Bryant Frihart, I am forwarding the enclosed draft of a Master Firm Purchase/Sale Agreement between Domtar Inc. and Enron North America Corp. Upon your review, please give me a call to discuss and questions and or comments you may have regarding this matter." perlingiere-d,The second draft is correct. Section 4.7 should be in the agreement. Sorry for the confusion. perlingiere-d,The draft of the GAS Master was sent to Select in November of 2000. As I am preparing to negotiate this do you want to change the credit terms? perlingiere-d,"I am very hungry can we go at 12:15? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Thanks Ann!!!!! perlingiere-d,"FYI, Texex has signed our Master and I will receive same in a few days. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please send a credit worksheet for Kentucky Utilities Company. My contact says LG&E / KUC purchase and sell as the same entity? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"In response to your email, here is the draft for Mirant. It has NOT been sent to Mirant. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,This is my entire agreement. Go to the Appendix (after pg 6) look under Material Adverse Change. There are several to select from. Let me know if you have any questions. perlingiere-d,"At the request of Patrice Thurston, please find the attached sample draft of a master gas agreement. Please give me a call with any questions you may have regarding the enclosed." perlingiere-d,"Ann attached are amendments for Avista / Phibro. Please forward same to your contacts. Many thanks!! dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Wednesday is good. I will put you down. perlingiere-d,"I do not see the Hess file, but need to search further. Would please send me the e-mail I sent to ou re Hexel, Golden etc. Thanks." perlingiere-d,"given the current climate, do you still want to to exclude language in the Threshold Article giving either party the right to request an LC at any time? as written, the LC can be requested 1x a month. please advise dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"FYI, I have started negotiations with LG&E, however they have not resolved the issue of party name(s) on their part. I will keep you apprised of my progress. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please disregard my previous email concerning Howell. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Here is your confirm for your customer with pricing language as discussed. Should you have any questions, please contact Gerald Nemec. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Richard please prepare the confirmation in you usual manner and forward to me I will add the credit language. Thanks! perlingiere-d,"3.5. Netting. In the event that Buyer and Seller are each required to pay an amount in the same Month hereunder, then such amounts with respect to each Party may be aggregated and the Parties may discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount may pay to the other Party the difference between the amounts owed." perlingiere-d,"Tim: At you request, we are pleased to provide you an additional draft of the Master Agreement originaly sent September of 2000. Please do not hesitate to give me a call should you have any questions regarding this matter." perlingiere-d,"Stacey please place contract # 96000781 on no trade status (Interruptible Gas Purchase Agreement dated February 1, 1994). As you may recall we will be assigning the remaining transaction (dated 11/30/00 Trans. No. QA0516.1 / 487737) to ENA Upstream. I plan on putting an new agreement in place to replace the above. Thanks !!! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"This is fine, but keep in mind we only use the GISB for 30 days firm and can use it indefinitely for interruptible. Let me know and I will draft a GISB for your customer." perlingiere-d,"Here is a draft of the Master for Corn Products. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Further to our conversation, please see the attached sample GISB for your consideration. Upon your review, please give me a call to discuss same." perlingiere-d,"Gas Daily Platts, a division of The McGraw-Hill Companies, or successor to the geographic location closest in proximity to the Delivery Point(s) for the relevant gas day. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Stacey here is the Master draft we discussed. I am sending you a version with comments. perlingiere-d,"Thanks for the card. You know tonight is dollar ""B"" night at Cafe Annice? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Do you have an address/name for your contact with Dominion Transmission? If so, please forward. Many thanks ! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,Here is the amendment for Aspect. Please add the Meter No. to Schedule I for the new well. Please let me know if you have any questions. perlingiere-d,I look forward to it!! perlingiere-d,"I will arrive late tomorrow due to a doctors appointment. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"FYI, A fully exeucted Master has been put into the system. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Please work on this. Thanks! perlingiere-d,"Here is the amendment for the above. Please forward to your contact. Thanks ! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Here is the Master for your customer. Please note and relate to your customer credit changes in 4.6 and 4.4. Offset language in 4.4 has been expanded. If in agreement, instruct them to print two originals sign and forward same to me for final signature. Let me know if you need anything else. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Thanks !!! perlingiere-d,"Regarding the guaranties, I am confused on the amount you want me to write for Corp. $30 or 20? Please let me know. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Thanks for your e-mail. We have converted to Outlook on our system would you send me the latest redline we have been discussing as I cannot retrieve it. Also you your changes to 8.2 did not show up if you could let me know your changes here I would appreciate it, and then I thing we are done." perlingiere-d,"have you heard from your sister? is she ok? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"The termination language is standard 30 day notice. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"I spoke to Mr. Hoggard this morning regarding the CA for gas trading. He will be sending me their CA and information. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Sounds good to me. Is 12 ok? perlingiere-d,"So is the barn up yet? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"We have an active Master Purchase/Sale Firm dated 10/1/97. Do you want a copy? Please let me know if you need anything else. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I am waiting on revisions to the Dynegy Holdings, Inc. Gty. So if you can push on these folks it would be great. I have sent the final draft to Nicor Energy, LLC today for their review. The Nicor Gty is ok." perlingiere-d,I inadvertently sent a draft a draft with Section 4.7. Please see the attached and disregard the previous. perlingiere-d,That works for me. Thanks ! perlingiere-d,"Sylvia, This version is ready for you customer to execute. Please have them print two originals, sign and return both to my attention. Also, the gty from NG to ENA should be signed." perlingiere-d,I inadvertently sent a draft without Section 4.7. Please see the attached and disregard the previous. perlingiere-d,"Regarding Sylvia's email of 11/1, how is Wisconsin Power & Light related to Alliant, Heartland, and NG? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Further to our discussion, please see the attached draft of ENA's GISB for your review. Upon your review should you have any questions, please do not hesitate to give me a call." perlingiere-d,"As discussed, please see the attached. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Gary . Attached is the previously discussed GISB. If you are in agreement with this version, please print two documents for execution sign, and forward to me for final signature." perlingiere-d,"Reminder to return the contract to Partice after execution. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,Is this gty for long term business? Do you anticipate a master with this company? perlingiere-d,"I am sorry I have to cancel for today, I did not remember an appointment with my financial advisor. Can we do lunch tomorrow? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Here is the draft for Co-Steel. Please forward to your contact and have then contact me re negotiations. Thanks! perlingiere-d,"Are you free for lunch some day this week? Also, I have an extra ticket for the Comets game on Sat. you said you wanted to go? The game is at 12:30 Sat @ Compaq Center. Would love for you to join us. I am bringing two of my girlfriends from LJ. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Do you have an address / contact for these customers? I have the August confirms ready to send. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Please see below. Is there anything I can do to help with this? perlingiere-d,Great to hear from you! You have been in my thoughts. Any day other than Tuesday this week is fine with me. Let me know. perlingiere-d,"Would not a piece of peach cobbler be great NOW???????? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"FYI, the amendment for M has been signed by all parties. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Attached is the draft incorporating issues as agreed. You should also be aware of changes I have redlined to sections 4.2, 4.6, and the Material Adverse Change in the Appendix. These revisions concern credit terms. As the original draft in its inception was created for Enerchange Energy, L.L.C. the credit terms differ slightly from those for Nicor Energy, L.L.C. Finally, I await a response from Dynegy regarding the guaranty. Debra Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Here is the confirm!! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"FYI, I am sending this confirm to Kenoil today. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Attached is the final version of the Master Purchase/Sale Agreement for Aquila. Please let me know if you need anything else. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Further to our conversation, please see the attached draft of a Master Firm Purchase/Sale Agreement for your review. Please do not hesitate to give me a call with any questions and or comments regarding the enclosed." perlingiere-d,"Gerald has requested I send you the following agreement forms for Pure Energy. Please give me a call if you have any questions. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"At the request of Gerald Gilbert, I am forwarding for your consideration a draft of a GISB between Enron North America Corp. and TECO Power Services. Upon your review, please give me a call with your questions and or comments." perlingiere-d,"Reminder to please send credit worksheets for Cheynne Public Service Colorado / Public Service Company of Colorado. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Please look at the MAC and let me know if you have any changes. ""Material Adverse Change"" means (i) with respect to Company, Enron Corp. shall have long-term debt unsupported by third party credit enhancement that is rated by Standard & Poor's Corporation below BBB- or (ii) with respect to Customer shall have any of the following occurring at any time (a) its Net Worth falls below $15,000,000 or (b) that ratio of its EBITDA to Interest Expense is less than 3 times Interest, or (c) its current ratio is less than 1.3. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Yes I am sorry to say it is. I have left another message this morning regarding the gty. Thank you for your email and patience. I will keep you apprised of my progress. perlingiere-d,"Concerning the above, please see the attached Confirm / GTC for each. Please give me a call if you have any questions. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Many Thanks !!! perlingiere-d,"Patrice attached is a draft of a Master Firm Purchase/Sale Agreement for Kaztex Energy Management. Please give me a call if I can be of further assistance. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Further to our discussion regarding Article 5. Force Majeure, we will agree to the option to terminate the Transaction after the 60 day period provided damages if any as stated in Article 3. have been paid plus the termination payment. Let me have your thoughts." perlingiere-d,IT central.com then e request and follow instructions. If you have any problems call Stacey Richardson @ 30569. Global Contracts is the database name. perlingiere-d,"FYI, I have a partially executed Master for Empire on my desk. As they only exeucted one agreement, I await return of the second contract. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"I am fine with your changes to the Amendment. Please execute two originals and forward same to my attention for final signatures. Many thanks," perlingiere-d,Great we will buy Chicos out!!!!!!!!!! perlingiere-d,Yes I am afraid I am going to the same affair. Sure we can go early. perlingiere-d,Is this a yearly contract or month to month? Do you want 30 day notice or 60 day for year contract? perlingiere-d,"The paralegal lunch was well, lets just say ok. Yes work is busy busy especially with all the goings on around here. Cowboy has called but I was not at home. I hope you are feeling better each day. Give me a call." perlingiere-d,"No existing contracts with Boeing. Attached is a draft sent 6/01. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,See below. Should I proceed with this? perlingiere-d,"I am not currently negotiating any deals with this counterparty. If the contract is with HPL, any issues they have should be directed to AEP. Also given your information regarding trade status, I would not consider entering into any type of contract with this company. Finally, I can offer you no info with regards to the ""LLC"", The only company I am aware of is ""Upstream Energy Services Company." perlingiere-d,"Would you email me confirm # 1148026. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Reminder to please forward a worksheet for this entity. Many thanks!! dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Hello Paramy, I have sent vis messenger just now the executed agreement. Thanks for all your help with this agreement. I would like to visit with you next week." perlingiere-d,"Would you obtain an e-address for your customer and I will send the Master Draft today. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"As requested, please see the attached sample of a Master Firm Purchase/Sale Agreement along with a GISB for your review. Please give me a call to discuss any questions you may have regarding the enclosed." perlingiere-d,Here it is. Let me know if you have any questions. perlingiere-d,We are in receipt of your GISB and will be reviewing same. Thanks. perlingiere-d,"Attached is their redline for Greeley Gas Company. I know we discussed putting the contract in the name of Atmos Energy Corp. Are you ok with their numbers???? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,Many Thanks!!!!! perlingiere-d,Attached is the additional confirm NG would like to move from Heartland. Are you ok with this? perlingiere-d,"They had peach cobbler today!!! Did you get any? I could not resist. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Are you free today? If so Treebs Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Judy attached is the Aspect Amendment as discussed. The first paragraph has been revised to reflect the assignment to ENA. Article 2. now states term dates. Concerning Articles 3.1 and 3.3, Gerald would not agree to ""one sentence"". Finally, I included a provision regarding changes to working interest (see # 9), and incorporated meter number on Schedule I. Please let me know if you have any other questions and or changes. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"A draft as noted in your 9/27 email for forwarding to Enbridge. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Tim: At you request, we are pleased to provide you an additional draft of the Master Agreement originaly sent September of 2000. Please do not hesitate to give me a call should you have any questions regarding this matter. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,This is fine go ahead and send it. Thanks!! perlingiere-d,"Here is the Amendment to send to Adams. Many thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Lunch today????? my phone number is perlingiere-d,"Please give me a call to discuss their confirmation. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"FYI I am leaving at 3:00 today!! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Due to an appointment in the Medical Center I will arrive a little late tomorrow. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Brenda, In response to your phone call, our Master is for firm delivery only and as such will not accommodate interruptible service. If you wish to put a Master in place, our credit department will need some information. Our contact in credit is Veronica Espinoza @ 713-646-6002 or Jason Williams @ (713) 345-3923. Finally, I will be happy to send our GISB with special provisions if you so desire." perlingiere-d,"Gail????????? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"the contract form for these customers is attached and can be found in Stacy Dickson's directory under Appk's you only need to insert the company name on the front, signature, and info pages for each one. please save these in Stacy's directory. finally, some of these may need confirmations, if so I will show you how to do for these. open any of the contracts in Stacy's appks directory and look at one as an example. thanks ! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"As discussed, attached is a Base Contract For Short-Term Sale and Purchase of Natural Gas. If in agreement, print two, execute same and return both to my attention at the address below . Do not hesitate to give me a call should you have any questions or comments regarding the enclosed. Upon final signature, I will return an original for your records. Thanks for your assistance and cooperation in this matter." perlingiere-d,"Do you have addresses for Gas Marketing Inc., Adams Resources Marketing, Ltd., MIECO Inc., and Brooklyn Union Gas Gas dba Keyspan Utility in order to return their executed amendments. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,Tell them to submit language they would like to see and I will review it. Have them email you and cc me. perlingiere-d,"I do not see any problems with the assignment however, I want to look over the contract and the transactions before I give the ok because I do not see the contract in our system. Do you have a copy?" perlingiere-d,"Here is the draft. Prior to sending to customer, Jay please look at the MAC language and advise is it needs to be reworded. Also, is this a political sub-division? If so, I will need to add a provision for same." perlingiere-d,"Here is the Kennedy letter. Sorry for the oversight. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Mary, Attached is a draft of a Spot Agreement for your consideration. Please give me a call with any questions and or issues you may have regarding the attached." perlingiere-d,"Ms. Heuser: Please see the attached draft of a Master Firm Purchase/Sale Agreement between Enron North America Corp. and Credo Petroleum Corp. Please forward the attached to Mr. Hoffman's attention for review. Should you have an questions regarding this matter, do not hesitate to give me a call." perlingiere-d,"Mr. Nemec and I were wondering when you might make a time available for us in your impressive schedule for LUNCH !!!!!!!!!!!!!! Any day but Thursday next week is good for me. Take care, let us know. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Further to my phone message, I need a copy of Enron's Gty to Aquila to attach as an exhibit to the master. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Barry Tycholiz has requested a Master Agreement for MGI Supply, Ltd, therefore please prepare and forward to my attention as soon as possible a credit worksheet for same. Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"A third Master draft has been sent to Williams. I received confirmation, the draft has been sent to a contract analyst. I have left a message, await their call. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,We did not go out due to heat. Maybe one evening at the end of the week? perlingiere-d,"""When you pass through the deep waters, I will be with you; your troubles will not overwhelm you. When you pass through fire, you will not be burned; the hard trials that come will not hurt you. For I am the Lord your God."" Is.43.2 Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Based on our conversation this morning, attached is a draft reflecting revisions as discussed. Debra Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"My contacts are: Tim Neuman (credit dept.) @ 918-573-4880 and Kelly Knowlton (senior ng analyst) @ 918-573-5278 Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"The following Amendments have been fully executed: Laurens,The Energy Authority, and eprime. These amendments have been sent for signature: TXU, Phillips, PSEG, Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"Shary, Regrettably we are unable to use your letter regarding the amendment to the GISB. In that regard I have enclosed our Amendment for signature. Please sign two Amendments and return both to my attention for final signature. I will forward a fully executed Amendment for your records." perlingiere-d,Here is the Mieco amendment. thanks for you help !!! perlingiere-d,"Kathy attached is a revised amendment concerning ""counterparty"". If you have not revised and executed the amendment, please have the attached signed. As you know, PG&E is defined as ""Company"" in Section 2.4. Please send the executed amendments to my attention at the address below and upon ENA's signature I will forward an original for your records." perlingiere-d,Please see below. Gerald Nemec has advised the Agreements in questions have been sent to you for handling. perlingiere-d,"Further to our conversation, attached is a redline draft of the Master Agreement. Also, I am in receipt of your fax regarding jurisdiction and will review same. At your convenience, please give me a call to discuss the attached." perlingiere-d,"Attached for your review is an Amendment to the GISB concerning Section 2.5 Confirming Party. Please have two originals executed and forward same to my attention for final signature. I will return an original for your records. Should you have any questions, do not hesitate to give me a call." perlingiere-d,The agreement may be dated August or September. September is fine with me. perlingiere-d,"""Net Income"" means consolidated gross revenues of Customer and other proper income credits, less all proper income charges, including taxes on income, all determined in accordance with GAAP. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,1/2 day on August 3rd and 1 1/2 for doctors appt. on August 9th. perlingiere-d,"Gilbert: At the behest of Veronica Espinoza, I have prepared a draft of ENA's Master Firm Purchase/Sale agreement for your review. Upon your review, please give me a call to discuss any issues you may have regarding the enclosed." perlingiere-d,Thank you for your e-mail. I have been away on vacation and apologize for the delay. I am drafting the agreement this afternoon and anticipate sending a draft via e-mail later today. perlingiere-d,"Yes, we want the name on the contract to be Atoms Energy Corporation. Let me know if you want to make and changes to the numbers. Thanks!" perlingiere-d,"Steve, Attached is the draft for LG&E. I do not have a contact. Will you provided me with a name /E address. Please feel free to forward the draft to your customer. Thanks" perlingiere-d,See you Friday!!! perlingiere-d,"As requested, please see the attached draft of ENA's GISB. Please do not hesitate to contact me with any questions you have regarding the attached." perlingiere-d,"Thank you for your email. Attached is the final version of the agreement ready for execution. Please print two originals sign and return same to my attention. I will return an original fully executed agreement for your records. Should you have any questions, please do not hesitate to give me a call." perlingiere-d,"You know I had to look at this twice to figure out who it was. You never know, it could be another bad egg searching for me. How is aep? Lets do lunch!!!!" perlingiere-d,"I am confused about IGI regarding a GISB draft and an amendment? Which one is it? If we need to amend an existing agreement would you send me the date of the contract etc. With regards to BTA, I need a contact name address/ email etc. Do you know whom this might be? Many thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Do you have a email address or phone number for Continental? Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Have your received the original signed agreement from CSN? Regarding Nicor, I have not had a response from those guys regarding the Masters. I have left a message with Jim Hunt regarding status but he has not responded to date. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,"The attached contract is ready for signature. Please print 2 documents and have Atmos execute both and return same to my attention. I will return an original for their records after ENA has signed. Or if you prefer, please provide me with the name / phone # / address of your customer and I will Fed X the Agreement. dp Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490" perlingiere-d,Tomorrow it is. Thanks!! perlingiere-d,"We need a written letter from the previous agent regarding transfer to new agent as well as a written document from the new agent consenting to same. In addition, the contract party should consent and acknowledge this transfer in written form." perlingiere-d,"I have not been able to find contract # 96001003 in Livelink? Can you help. I also need all amendments that go along with this agreement. Thanks Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" perlingiere-d,"Unrelated to your email, can you provide me with the name of the speaker from El Paso who spoke LNG. Many thanks!!" perlingiere-d,"Attached is a Sample Enfolio for your customers review. Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron 713-853-7658 713-646-3490" love-p,I just left you a voice mail and wanted to follow it up with an email regarding the termination of deals. Please start forwarding these requests to myself and Darron Giron. Scott is heading another project for Gossett and Darron and I will be handling terminations from today forward. Thanks for your help and let me know if you have any questions. Thanks. love-p,attached is the minibook for the existing Brooklyn union deal. Let me know if you have any questions. Thanks. love-p,Here are the post ids: P-1448445 B-1448446 I-1448448 GDM-1448450 GDY-1448453 Scott Palmer will be sending this email tomorrow. Thanks. love-p,Your math looks good to me. When can I expect my $140? love-p,"done. You now have 2,000 shares and $1,000 cash in your account." love-p,"I have set up the new basis curves for West and the are based off the old curves, so they are in the old format. They are located in the Netco Directory under west/curves/CA BASIS NEW and WEST BASIS NEW. I am still working on GDY and Phy/GD. The Phy/GD is in the new format and will be located in the same directory as the above, with the title West phys curves. GDY will be in the same location as filename West GDY and it is also in the new format. The phys/GD file will be complete tomorrow and the GDY will be done today." love-p,are you still in? I need to get your nt login so you can be given access to the calcs. Thanks. love-p,"Per an email from Mike Grigsby, I understand we are splitting the west into two regions. You are going to be doing the SW and socal per Mike's email. I am attaching the curve files we have created. Please take a look at them and make sure I am not missing curves or have included wrong ones. We are only going to be setting published locations initially. I am sending you the curves in three parts due to the size of the files. The Index file has phys index and GDY, and the Phy file has BOM phys and GD. Please let me know if you have any questions. Thanks." love-p,thanks. That love-p,Please let me know when you get close to being complete so that we can hold off calcing if necessary. Thanks. love-p,could you please grant access to myself and Ed Brady for the books that Alejandra Chavez currently has access. This is for ERMS/PortCalc. Thanks for your help and shout with any questions. love-p,"according to Bharat, he still does not have access to this screen. Is there anyway you guys can do it today and he can continue trying to log in and do it for us in the future? Thanks." love-p,"can you get me copies of the August Invoice. Cora is very confident we have done everything correctly and I am still disagreeing with her(agreeing with you guys). This is pretty confusing and they did not keep spreadsheets or data about these, so I am having trouble tying all the volumes. Could you also get me copies of the pipeline statements for August. It looks like I am also missing one of the pipeline statements from July as well. I do not have the statement for the loan of 73,416. Thanks. I am sorry this is taking a while, this deal is very complex and traders/schedulers have not kept good records." love-p,"AC - can you check on this for me please. I am in the chicago office and will not be back until next tuesday. Irena said this was taken care of, you might check with her. Thanks." love-p,Yes it will. This deal is still in the structuring stage. We simply wanted to get the books set up in TAGG and Sitara for if and when this deal goes live. I will keep you posted. I think that logistics is also going to be setting up a pipe called MGU that will have all of these deals on them. I will get with you when I hear the final so that we can map the correct curves to these locations. Thanks. love-p,"NXAVC is just like nymex, it settles as one price for the entire month. I don't know what you mean look for pricing for 9/11-9/14. NXAVC is a monthly index. Please clarify." love-p,are you now back in the office? When did you get back? How is the baby? Good I hope. love-p,"thanks for your help. Due to my lack of a complete understanding of VaR, can you give me a lesson if you find out exactly why. All I have ever changed are the correlations. Thanks." love-p,here is the spreadsheet that you sent. Please let me know if you have any questions. I highlighted my changes in red. love-p,"Can you do the same thing with a different book id? Instead of book counterparty FT-CAND-TERMIN, move any deals with the FT-TERMIN-GD book to the bankruptcy book from NG-Price. Financial deals only. Thanks. Let me know if you need any further clarification, should be the exact same script as yesterday, just substitute FT_TERMIN-GD for the two books you were looking for yesterday." love-p,I was under the impression that there was an outstanding A/R and A/P balance on this counterparty in the 4-5 million dollar range. Should be pretty noticeable. love-p,can you send the titleist balls - 1 sleeve to this guy for me. Thanks. love-p,"at least through today. Not sure when they will be taking away our access and put us on a UBS server. For now, email me at home - plove@houston.rr.com How are things going? Good I hope." love-p,Thanks. It has also been a pleasure working with you. I am sure our paths will cross again in the near future. Thanks for all of your help the last year. love-p,"FYI : When entering deals with Canada, please remember to have the counter parties in a financial deal to be ECC and Riskmantra and a physical deal it will be ENA to ECC. Also remember on gas daily out months(2 legs) that the book on the gas daily swap leg needs to be INTRA-CND-WE-GD not INTRA-CAND-WEST(this book is for basis piece). ALSO: Please remember to check your new deals completely every day, this will help eliminate future OA variances. Do not rely on your trader to catch mistakes. Thanks." love-p,I do not know anyone that has the skills you left me a message about - Mathematics Ph.D. Sorry. love-p,"I received your name from Kam Keiser. We are both managers in risk management at Enron. Kam had mentioned that you are in the process of recruiting for several clients in the energy industry. I have roughly 4 years experience in the industry with 2.5 of those years in risk management. Prior to employment with Enron, I worked for a big six accounting firm and in the healthcare industry for the University of Texas. I am interested in staying in the energy field. If you think one of your clients might be interested, I would like to send my resume on to you. If they or you are not interested, I apologize for taking up your time today. Thanks and I hope to hear from you soon. Phillip Love 713-853-7376" love-p,"FYI - reminder that the last person here every night needs to publish to the web the East P&L and the East Positions. Everyone should have access to this and if you do not know how to load these files, let me know. We have all been guilty of forgetting this, including myself. We owe a big thank you to Kulvinder who has saved us a couple of nights in the last week. Thanks." love-p,"The books title is Options, Futures, and Other Derivatives by John C. Hull. The publisher is Prentice Hall and the ISBN # is 0130224448. Thanks a million." love-p,"Please pass on the condolences of another part of the Auburn family to Mr. Walker. We are all truly hurt by the passing of his mother. From the recent articles I have read in the Alabama papers, it appears she was a phenomenal mother and friend. We were also pleased to see his positive comments regarding his teammates, fellow students and alumni of Auburn. The auburn spirit is special and it means a lot to those of us who spent time there to hear current players and students share the same beliefs. We are sure he will continue to honor his mother and her memory by his outstanding play on the field and dedication in the classroom. Thank you Mr. Walker for making us all proud to be an Auburn Tiger. Please respond via email to let us know if the University or anyone else has set up a memorial fund or scholarship in her name. We would really like to donate money in her name. Thanks and War Eagle. The Love Family Dianne, Phillip and Ashley Houston, Texas Class of 69', 71' and" love-p,FYI we will be having a meeting next Wednesday from 1:30 to 2:30 with logistics in 32C2 to go over what risk does and what logistics does. Should be an informative session. Please also remember to email your goals for the next six months so that we can work on making sure you meet those objectives. Thanks. love-p,"I think that the correlations for the points in the Aruba book must be different. Her position is 5 contracts long in the book and her VaR is $500K. Is there any way you can tell me the correlations that are being used for the points that she has positions at in that book? The pub codes are : IF-NNG/VENT, NGI/CHI. GATE, CHI./N/BORDER, NGPL-IOWA0ILLIN,UF-NGPL/OK-NW, NGI/CHI./PEOPLE,NGI/CHI./NIPSCO,ML7/CG. Any help you can provide would be much appreciated. Thanks." love-p,"The report named: EMW Positions , published as of 10/29/2001 is now available for viewing on the website. (Revision:" love-p,we at least temporarily halting the calcing of the trading track books. Please make sure the following books (all risk types) are inactivated: Dummy-Book EPMI-Trdtrck-11 Trade-Track-7 Trade-Track-8 Trade-Track-9 Thanks. love-p,"Here is a spreadsheet put together by settlements. Make sure you see the notes at the bottom. Positive amounts are what they owe us, negative we owe them. Please let me know if you need anything else. Thanks." love-p,"There are rumors around here that all the employees going to the new company - UBS Energy will be taken off of the Enron servers tomorrow. If this is true, I do not know what or when my email service at work will be back up. Please send in the mean time any emails to plove@houston.rr.com. Thanks. Hope all of you are doing well." love-p,1. move to the appropriate book based on the logic - Canadian deal needs to go to CAD 2. should only have to change deals from NG-Price to bankruptcy (deals are not in any other book) 3. The Canadian logic deals will probably be in GJ and the US logic should be in NG 4. Financial only 5. Cutoff date love-p,"The West books should be GD and GDY for Canadian deals. I would think that the central books should have two set up, one for P/B/I and one for GD. I believe I had called you and said that the books should be set up like FT-ONT-GDL for the gas daily books. This is correct. Thanks." love-p,give me your mailing address and I will get those golf balls in the mail. Thanks. love-p,"I too am a little worried about the outcome on Saturday. I am bringing two friends that are University of Texas Alums and am just hoping to show them a good time and what true tailgating is all about. There will be including myself 7 adults and my 3 year old son. Is that too many? Please let me know. Everyone is extremely exciting and my son is now to the age that he will really enjoy it. Last year we always took him on game day to see the raptors and he was kind of interested, but now he really enjoys animals. Thanks again for all of your help arranging this trip. Please also let me know again when the scholarship dinner is going to be held, I am sure some of my family would really enjoy attending. Thanks see you at Chuck's." love-p,Take a look at the items below let me know if you need any help. Thanks. love-p,"FYI - sorry I forgot to send this to you guys last week - Alex I do not have Elizabeth Soto's home number - if you do, please invite her as well. Hope to see you guys there." love-p,"Looks like due to the Enron debacle, you guys can make some money...On Ebay the cups I sent you are going for $50 and higher. Make your money while you can." love-p,FYI - based on a call I got from Chris Abel in controls. Not sure if any of your guys roll from the regions file instead of daily. love-p,"no thanks necessary - you have done a great job - now keep it up. The courts are going to rule if some bonuses can be paid out - there are no guarantees, so I would not count on them approving it. They are supposedly negotiating to have us stay on 5 & 6. Nothing really new on those fronts." love-p,I got 32C2 for next Wednesday from 1:30 - 2:30. How does that sound? love-p,sure. Why not. Move them. love-p,"That is funny. I just ordered some more to sell on EBay, I can buy four sleeves for $16.50 and they are going for $40 a sleeve on EBay. You might want to sell them. We were actually a skit last week on Saturday Night Live. Pretty funny stuff. Keep working on your wife about Jazz Fest. Ash is working her too." love-p,I had no problems accessing it. Thanks. love-p,"we flashed this as Union, they subsequently moved the volumes on GL to CPR pipeline exchange. you have to look at both to get this to reconcile. Does this make sense? If not, give me a call. Thanks." love-p,thanks. We talked with Martin Cuilla last night and he thinks we are missing some transport usage tickets that will offset a major portion of our gain. Thanks for your help. love-p,schrab is going to have to answer this question. He put the deal in after sep began. Sorry I can not help. love-p,Dude - you are freakin riot. I almost fell out of my chair with that one. You know what else does....crawfish love-p,Please do this ASAP...I have to head out of town for a few days and we need this done ASAP. Thanks. Curves are under NW and SW in the netco directory - ask Kam for help. Thanks. love-p,"I hope it is not Woody, Vandy sucked at offense and defense. He is horrible and I would hope we would go after somebody else. We need to get someone in there soon so they can put the offense/defense in and the players can start studying it to get a head start on next year. I am afraid if Tubby doesn't turn it around next year he may be gone. I got a digital camera for Christmas that works real well, I will get some pictures to you." love-p,"Do not suspend this CPID, because we have physical and gas daily deals that are active in this book. Sorry for the delay. Thanks for your help on this." love-p,"Sorry you could not open it, it was a pretty funny PowerPoint slide. Your brother still has not responded to my email. I talked with your dad last night, I think we are going to be hitting dinner with them in the next week before they head out of town. Hope pregnancy is going well." love-p,"Have they given you guys any time frame? I am up on five, you get a chance, stop by." love-p,red this yesterday - made me sick. I have always hated Finebaum. love-p,"attached are the curve files for your part of the West - basis, index, GDY, phy and gas daily. Please take a look and make sure I have not put a curve in the wrong region. Due to size, I am sending them in three different emails. Thanks." love-p,I think they have finally changed the way our addresses work. It is phillip.m.love@enron.com for now. We will see if it changes to UBS. Where are you traveling to today? love-p,see the bottom of this email for the locations and mappings. Thanks for your help and let me know if you need any additional information. love-p,this post id for FT-IM-CENTR-CAD-GDL and it is official. For some reason it is not coming through risktrac. There are no deals in this book. love-p,"That is fucking hilarious. It would be even funnier if it had been you that got kicked out instead of me...I have already talked to the bartender and he understands that in the future, we pour our drinks in the bathroom, not right in front of stadium personnel...Also, next year - he is sitting with you!" love-p,"FYI - the west is wanting to split the region into two regions. Stephen, I know you have been working on mapping the P&Ls for reporting purpose, the attached file breaks down those two regions. We want to call then Southwest and Northwest. They will be headed by Phillip Allen and Mike Grigsby respectively. Please let me know if you have any questions. Thanks." love-p,"Daryll, Try these instructions and let me know if this works. Thanks." love-p,Can you tell me if this is the last financial list we are going to get? Jeff Gossett wants to be able to tell Don Miller if we are completely done or not. Can I also get a master list of all financial CP's we should have moved to the bankruptcy book. We want to run some reports to make sure IT has gotten them all out of the Price book. Thanks. love-p,Here is a list of the types of deals that always fail: GDD Dawns deals EOL#2054274 Physical dawn deals fail - EOL will only let one trader map their deals to one physical book(don't think you can fix this one) EOL#2047749 Mich basis swaps EOL #2054712 This should be a comprehensive list. Thanks. love-p,"good, I have some direct meters forms that are under tolerance. Not a big deal, I simply signed them without looking at them." love-p,here is the file. Please Email to Don Miller when you complete it. Thanks. The file is saved in 1intra/NYMEX Breakdown. love-p,"here is the location of the file and the person that compiled the file,. Please let me know if you need anything else, thanks." love-p,A violation is a violation. I suggest that you go big time next time in order to get your money's worth. love-p,Isn't it crazy. Someone is selling a risk management book that they gave us in a class here for $900. Unbelievable. I am putting stuff out there tomorrow when it comes in. We have a signature shop here that we can buy that same sleeve of balls for $4. love-p,Looks like the search continues. PL love-p,"I am sorry, but that will be the only game the chargers play the rest of the year I will not route for them. I am a die hard Raider fan(I am sure they are your least favorite team). How about LaDanian? He is ripping it up for me in fantasy." love-p,I can not open the file...Is this the kid from the man show selling beer? I have also seen him trying to buy beer. love-p,"I just got back from lunch, when you get a chance, please stop by and we can talk about you coming to risk. I sit at the end of the row at the row behind the flag that says gas risk management. Thanks." love-p,I will be on vacation on Friday. Sorry. love-p,FYI - and you will also have to continue to calc physical books - deals not moved from those calcs yet - value and position. Let me know if you have any questions. love-p,"If you did not get this file, please take a look at it and research the variances and plan on taking them on Friday. Please shout with any questions. Thanks." love-p,"Attached is a file with the CP's that are terminated per Kim's list and had been sent to IT to move to the bankruptcy book. There are six CP's on this list. I will send the legal names to Cecilia to get these moved today(with 7,000 lines, I am afraid it would take at least a day for risk to move manually). We will then recheck the book tonight. As you will see on the summary page, the total value of these deals is $(61.6M). If there are any questions, please let me know, I will bring hard copies to the 11a.m. meeting. Thanks." love-p,"I apologize, we have been a little delinquent on the thank you cards this year, we are usually really good about it. He got those horses and absolutely loves them. We got him a fisher price farm for Christmas and he had just opened that when he opened the horses. We couldn't get him to open another give for half an hour playing with those horses. They go great with the farm and plays with them all the time. Thanks." love-p,"grab me tomorrow and let's discuss. I am not aware of which calc sheets she had to do, so let's look at them together and go from there. I know Melissa does some also. Thanks for pulling double duty training Michelle and doing the east desk. Hope you had a good thanksgiving." love-p,"We have actually been able to find that bread here at Sam's, so we are absolutely set man. If they stop selling it, we can get it over the internet, it is just a little pricier. You need to get us to start buying it here and shipping to you man - Sam's has it for less than $4 a loaf. I think Ashley said it is close to $6 in San Diego. We still need to get you some soup don't we?" love-p,work with ed on this and please do this asap. Check the rest of your books as well please. Rember this will be any deal with Transcanada and any other canadian counterparty. Or search in TAGG for your book with ECC as the Enron counterparty - should take 5 minutes. Thanks. love-p,"Looks like our outing for October 19th for Risk just got cancelled, so are we on for some poker on Thursday the 18th? Who will offer up there house?" love-p,"sorry I did not get back with you last night, we were up in Navasota all weekend with some friends enjoying the clean and quiet country air. We also went to the Renaissance Festival. Things are getting pretty hectic around here. There are a number of individuals who are responsible for destroying one of the best companies in America in less than a year. It is all pretty amazing and really still has not sunk in. We are all just trying to continue with business as usual and hope for the best. If I do get laid off, I just hope to get a really good package. How are things in Denver? Good I hope. How is that baby? Is she getting bigger? I hope so. Drop me a line and let me know what is going. Thanks for the call." love-p,hope this is what you were looking for. Please let me know if you need anything else. love-p,I have inactivated the following books on the website(all risk types) please verify they are inactive: FT-VNG FT-VNG-Storage FT-VNG-Trans Intra-VNG-Phy There should only be one active book under VNG is FT-VNG-PMT-PRC(we will inactivate after value liquidates this month). Please let me know if you have any questions. Thanks. love-p,"still do not have anything from a contract standpoint. I will try and put some time into it today. AS of last Friday, I now have responsibility for the East desk instead of the Central, but I will include Scott Palmer in my work since he now is over the Central. I am not abandoning you, it is just that my workload has drastically increased trying to wrap up central desk issues, get Scott up to speed and get myself up to speed on the East desk. We will get a resolution ASAP. Thanks." love-p,my dad told me about this a few weeks ago. That is crazy. I had not seen the pictures until now. love-p,absolutely. I will make the changes and have something to you this afternoon. love-p,I like the name. I think it is beautiful and distinguished. I hope she is at least six feet tall. There is nothing wrong with a tall drink of water. Gotta run and get some work done. love-p,Kam is on vacation the rest of the week. She has requested that we send you the bankruptcy post ids. They are as follows: Price -1446982 Basis - 1446983 Index -1446984 GDM - 1446985 GDY-1446986 Please shout with any questions. Thanks. love-p,Give Mark a call and get him a copy of the transport model for the central and ontario for 8/31/01. His number is x68680. Thanks love-p,"Attached is a book request for two new books - one for Lavorato and one for Cuilla. Due to the problems we had last week/this weekend that you guys helped us try and resolve, we are going to have to go the route of Canada on these Aeco deals and book a spreadsheet for VaR purposes. Please set the two books up like Calgary's book(Sheet 1 on the attached file) We need to start doing this tonight, because Hunter and Lavorato want their VaR reported correctly tonight. They both plan on altering their positions and utilizing all of their VaR. I apologize for the short notice and appreciate all of your help so that I can get this fixed for tonight's VaR. Please let me know any additional information I can provide you. Thanks." love-p,"Jim Simpson has moved from the Chicago office to the Houston office. He will be taking over the Mich-CG book. We need to have the books transferred from Hunter Shively to Jim Simpson. The books are FT-INT-CEN-MKT2-BAS,GDI,GDL,IDX,PRC and INTRA_CNT-MKT2-PHY. Jim should not need to be set up in the system, because he was in Chicago, he should just need books added. Thanks for all of your help." love-p,"standard reply is that we will be working on the last day and no one knows what it will be like. Make a reservation and we will do our best to get you out. The problem is I am sure everyone wants to get out for New Year's Eve so you might generate hard feelings. I have nothing to do because I consider it to be the most dangerous night of the year and I always stay home. You decide what you want to do and we will work around it. If you stay here, I have always heard the Hyatt has a great party and room rate all included. I am sure other hotels have the same." love-p,"I wouldn't expect anything. I am sure everyone will move over as a lateral. They may do retention packages, but I have not heard anything." love-p,"Is this value on these deals rought 8K? If so, tell portfolio acct to put them in and generate a PMA for the gas books. It is not worth investigating for such a small number and the deal ended 12/01. Are these the only four deals you have with the gas desk?" love-p,maybe it was over the internet that the bread was so expensive. You guys still have charger fever out there after a few loses? love-p,"Kam Keiser suggested I give you a call, the auditors have requested all the deals for the Chicago office books. I need to get a list of all TAGG deals since 1/00 that are done with the book FT-ENOV and INTRA-ENOV. Is this possible. I need to give a list to Arthur Anderson as soon as possible. Thanks for your help." love-p,please see attached file and see comments below. Thanks. love-p,FYI. IF you are needing to load our gas daily/intramonth curves - the instruction are on my desk on the tower under my monitors. Melissa will be out next Thursday and Friday(so will I) so the designated representative for the east desk those days will have to load them. Thanks. love-p,looks like she is really excited to be in front of the tree. What did you do give her a sedative and then take a picture. How are things going? love-p,"I think the only other solution is to post two curves, one with an SP and one with PR. You should be able to simply set up the same curves as risk type PR and have it look to the SP curve. Then you would publish two curves with the exact same name and value, just two different risk types. The only other option I see is to change the deals back to the ""old"" aeco curve that we used prior to this." love-p,I need all of your official post ids from your old books for the date of 11/30/01. Please email them to me ASAP. love-p,here is the forwards detail minibook. Looks like three deals today. I have sorted by counterparty and period. Looks like a few of these deals go out to calendar year 2002. love-p,"not sure what happened. I think I am fixing to put a whole bunch of Enron stuff on Ebay, people are making money hand over fist with this stuff." love-p,"Can each of you please set up minibooks for any deals in your books that are with any Dynegy counterparty. We have not gotten the request yet, but we expect Lavo to ask Gossett at any time for this info and we want to be prepared for a quick turnaround. Thanks. Shout with any questions." love-p,"should be Nicor and Northern Illinois. If you want to round up the deal numbers/invoices and such, we can get together and I can show you the deals I am showing a variance on. I took an adjustment to the desk for 5.7 million and that is for Jan 00 - Oct 01. production only. Let me know." love-p,Kam Keiser suggested that I email you regarding ERV publishing access. I am taking over the East desk from her and I need to be able to publish the trading track books to ERV. Please shout with any questions or concerns. Thanks. PL love-p,hey you are not wearing your target purple shirt today are you? I have mine on and I don't want to look love-p,"Can you do me a favor similar to Kam's previous request: Can you add to my current profile all the books that Scott Palmer currently has calculation access to. Could you also set Bruce Mills, Kristen Clause and Edward Brady up like Scott Palmer. Additionally can you also set up Ashley Worthing like Anne Bike. Thanks for you help and shout with any questions." love-p,correct. The information contained in this book matches the information that is in another book that you capture in our P&L. Thanks. love-p,"I will do it Wed and Thursday. Kam and I will be out Friday, can someone else do it then? We are supposed to email the post-id's to Debbie Bracket correct?" love-p,"Jason has never heard of him, but is going to ask around. I will keep you posted." love-p,"What is up my California buddy? Staying out of trouble? Things are going pretty good here. You believe Steve Spurrier? IT is a great deal for Auburn and the SEC. Time for a new dog to get on top. What is my little friend Emma beans up to? I bet she is growing and talking up a storm. Are you guys coming to the Fest this year? Just to offer you a little encouragement, I found a special fare for you out there on southwest non stop both ways....here is the link. Only $250 a person. Let me know big dog. You know we can not have the tradition ended. PL" love-p,I think we should also put the position report file in there that Jad/Couch created as a backup to the CEPos/East Positions. Couch can you put the query file you set up for the price desk? love-p,According to Hully - we have a game tentatively scheduled for tomorrow at 7 p.m. He needs to know ASAP who can play because of some snafu at the Y(we were supposed to play last night and they forgot to call him). Let me know today if you can play and I will let him know so he can call the Y. Thanks. love-p,March 13-16th. You in? love-p,FYI when we put in a new deal in sitara we only update the volume section(top section of sitara). We do not touch the expected volumes area - that is for schedulers to make changes and modify. Please shout with any questions. love-p,"just a status reminder of what is going on: -Please give me a list of your goals and objectives, we will plan on meeting at least once a month and going over those to determine how I can better help you meet those and we can track progress. -We now have a file in the central file in excel entitled project list central desk. there are a list of projects already out there that each of you need to sign up for. This will assist in the PRC process in terms of providing me with examples of things each of you are doing that are contributions to the organization. If you can think of a project that will be an improvement, please add it. If you add a project, put an expected completion date and then put the date it was completed. - We will meet this week or first thing next week to go over the status of each of your ""training plans""" love-p,"Can you run a component VaR report again for me. We can not figure out where Souad's VaR is coming from. IT fixed the curves and Burton fixed them on his side, the VaR should be virtually nonexistent. I am also noticing a high VaR for Virawan Yawaponsiri, can you also run one on hers please. Sorry to continue to bother you with this, Jeff Gossett just wants this resolved ASAP. Thanks." love-p,we are not sure yet if we are going to copy these deals or simply move them completely to this new book(remove from old books). You can move them to a new root portfolio if you want. I do not know what that means though. love-p,"thanks. FYI - we will have a pretty big book move for you around lunch tomorrow and need it before 3:30 if possible. We will be moving third party financial deals(ENA is the Enron counterparty) from NG-PRICE to ENA-FT-WC-SJ. I will get you the list before lunch tomorrow, just thought you could get started on the script. Thanks again." love-p,Her name is Sladana Kulic. SHe goes by Anna. Thanks for your help. She is really excited about talking to you and I will bring her by and introduce her. Thanks again. love-p,not sure if you got this. No idea why it is coming to me. love-p,"I saved the file for us to send to Susan Trevino for all the book access requests. I added the control group and put goss, kam, valdes and his people in there. So make sure you add that group to your book requests. Please take a look at this file and let me know if we need to make any changes. I plan on sending this file to Susan Trevino by tomorrow afternoon. The file in located in the Netco directory under controls/desk matrix. Thanks." love-p,"We can now calc the price book and we will cross reference the list with a fwd detail of the price book to verify there are no deals with terminated counter parties. Because of the translation to the bankruptcy book, we can not calc the bankruptcy book for a while, so we will cross reference those in the morning. I will keep you posted." love-p,Kam Keiser suggested I call you to help with a request I received from our auditors. Can you give me a list of all of the deals that have been put into Sitara for the Chicago office - the book/counterparty name will be Enovate. The Arthur Anderson auditors have requested this information. They are doing an audit of Enovate and want a list of all of the deals since the book started in order to get a sample size for their audit. you should not have to go back farther than 01/00. Thanks for your help and shout if you need anymore information. love-p,Saw this morning we hired Petrino. I did not realize how successful he has been at the college level. Three times his offenses have led the nation in offense. He also did a good job with Quarterbacks. He has three playing in the NFL now that he developed. I think this might be a real good move. How are things there? love-p,"Congratulations on winning the auction on Ebay for the sleeve of Pinnacle Golf Balls. Please let me know if you will be paying by PayPal(alove@houston.rr.com) or money order/cashier's check. I will mail the balls priority mail as soon as I receive payment. Thanks again and use this email address if you reply before this evening, alove@housotn.rr.com is my home email and I can not access it from work. Thanks again and look forward to hearing from you soon." love-p,"I have never heard of this location. I only see a basis and index curve for this, no intra month, Storey has this location in his curve file. We have no deals at this location. Does Canada? We do not do the pub posting on Mich_CG-GD, rates does this one. I would think they should post the NGI as well." love-p,"ESPN just reported that bama got five years, 2 years no bowls and reduced scholarships(no number posted yet). WAR EAGLE!!!" love-p,Thanks for the EOL products email. I am attaching the curve files. The CA Basis is the California markets and the West Basis is Rockies and SW. The third file is the GDI curves. Please review and let me know if we need to make any changes or additions to this file. They are pretty simple and straightforward and do not link to anything currently. Let me know what you think. I am sending them in three different emails because of the size. I will have the physical/GD curve file to you by Monday. Thanks. love-p,they can be placed in East and set to inactive for now. Thanks. love-p,"What???? I thought that was your team? I am a big raiders fan and I hope Chucky gets that ring this year. Hey, FYI, we are getting a guys trip to Las Vegas for the first weekend of March Madness if you are interested - March 13-16th. Got a room at the Mirage and it is $120 per person for the three nights. I figure air fare is pretty cheap from SD, let me know if you are interested. Take care." love-p,"thanks for the file. I am attaching the basis curves we have set up and the GDY curve file as well. I am finishing the physical as we speak. Please look at these three files and let me know if you would like any changes. We are only putting the published curves in the files, at least to begin with. West Basis is the rockies at southwest curves and CA basis is the california markets. Thanks." love-p,"Please move all the following counterparties(financial & natural gas trades only)deals from ENA-FT-WT-SOCAL book to the BANKRUPTCY book: HESSENESER BRIDGELIGASMAR CONSUMERS CORNERSTPROL P IGIRES OCCIDENTENEMAR PRAXAIR PSEGENERES SEMPRAENETRA Please move all the following counterparties (financial & natural gas trades only) from NG-PRICE book to the BANKRUPTCY book: CARGILL CONTOURENECO DEUTSCHEBANAKT DUKEENENGLLP NATIONALENETRA N-IL-GAS PRIMARYNATRES WESTPORTOILGAS WPSENGRYSVC We are heading out shortly, so if you have any questions, please call me at home 281-486-7026 or cell 713-819-0765, or Darron Giron at home 281-304-8303 or cell 832-524-6091. Thanks for your help." love-p,"Please move the following book to book trades with Canada from NG-Price to Bankruptcy: FT-Cand-Termin Ft-Cand-Gone-PR Pleae let me know when this is done, we are waiting to calc today on this. Thanks." love-p,"can you tell me why EH6453.2 is not on the list? We are moving EH6453.5, in the comments it says it is an unwind of leg 2. Counterparty is Boston Gas. Thanks." love-p,"just confirmed it with the Vet school. They asked we ""keep it quiet"" because they had to sign a confidentiality agreement saying it would not be promoted. He said as long as the wind is not too strong, she will fly in the first 45 minutes of the show. Record it and we can watch it when I am there next Friday." love-p,"I agree with the espey call too, let me know if it is a go and I will talk with him. Is it still just a two month deal?" love-p,"I am still here. I have a contract through March 1 of next year, so I should be here at least until then. The absolute destruction of the company has been pretty brutal - some of the people lost everything in their 401K. I guess they really believed in the company. We should still be in town in Feb. just let us know when the party is and we will be there." love-p,"none of these are mine. sorry for the delayed response, I was on vacation." love-p,Thanks. I will put the balls in the mail today. love-p,"Russ/George - has this new location been mapped to the same curves as the previous location - PGLC/NGPL? From my standpoint, I think that is the only thing that needs to be done with the exception of changing/adding swaps on these deals. Please let me know. Thanks." love-p,"FYI - the head hunter that I have been talking to forwarded this job description to me. If you are interested in talking to her, let me know and I will give you the info. She told me the salary is in the $140's." love-p,I actually was just wanting a copy of the confirms or contracts that we/they signed in order to verify the prices and volumes. I will try and work on asap tomorrow. Thanks. love-p,Please modify the curve files you are currently loading to incorporate the database changes. These changes need to be made today. Please ask myself or Russ if you need any help. Thanks. love-p,"According to our benchmark guys up here, it looks like the Central Transport GDL book did not make it into risktrac under souad. The book is named FT-Central-opt-gdl. I also should have asked you to send the FT-Peoples-GDI book over to Souad. It appears that the remaining FT-Central-Opt- books (PRC,BAS,IDX) are under Martin Cuilla, these should be under Geoff Storey. Can you please make these changes. Thanks for all of your help." love-p,"Attached is the curve file for phys and gas daily. I made this extremely simple on our first pass, but I left in the tabs that were in the old/current file. All you would do would be to go to the fin tab and hard code balance of month price for each of the curve locations(yellow column). This will then set the gas daily curve. We will continue to true up to gas daily each day. You may want to also reset the next day's curve as well, since this is a hardcode, you simply type over the previous day's load. The phys tab pulls from the fin tab and adds the phys prem to it. We can increase the complexity of this file by adding formulas or tabs if you like. I figure you will want to keep your model and I can pull info from there as well. I simply wanted to start out at a baseline and build it to best fit your needs. Please let me know what you would like to see changed and we will do it. Thanks." love-p,Please send another sleeve of those pinnacle golf balls to the address below as well. He has paid our paypal account. Thanks. love-p,total bill was $230. Thanks. love-p,"Congratulations on winning the auction on Ebay for the Enron values cube. Please let me know if you will be paying by PayPal(alove@houston.rr.com) or money order/cashier's check. The total is $19.21. I will need your mailing address as well. I will mail the balls priority mail as soon as I receive payment. Thanks again and use this email address if you reply before this evening, alove@housotn.rr.com is my home email and I can not access it from work. Thanks again and look forward to hearing from you soon." love-p,This is complete. These deals have been moved previously. Thanks. love-p,boy she looks great. So beautiful. Ashley and I are still waiting for a phone call so we can bring dinner by. Darron and Kristi wanted to join us. Give me a call 37376. love-p,you have already won. check schedule. love-p,attached is a file from the IT team for the tagg numbers that are in the Enovate books. Please shout if you have any questions. Thanks. love-p,"now that you say that, I think you are right. She is really good with detail and very personable." love-p,"Please set up Souad Mahmassani in risktrac. She is a new trader on the central desk. She will be running the Aruba and central transport books. The following books will be her responsibility: ARUBA-SPLY-PRC ARUBA-TP-PHY FT-PEOPLES-BAS,PRC,IDX,GDL FT-CENTRAL-OPT-BAS,GDL,IDX,PRC Souad would need to roll up to the Central desk in natural gas, I would say she should be set up similar to Denver Plachy. Please shout with any questions or additional information that you may need. Thanks." love-p,Is this the last list we are going to get? Jeff Gossett wants to know if we are done so that we can assure Don Miller that all of the CP's have been taken care of. Thanks. love-p,unfortunately I will be on vacation. Thanks for the offer. love-p,Boy did you call it 3 months ago....WE SHOCKED THE WORLD!!!! What a great game. I just wanted to thank you again for the great tour we had on Friday. Everyone talked about it all weekend and we look forward to the expanding projects at the raptor center and hope to be able to help in those efforts. It was great meeting you and I look forward to talking to you again in the future. Thanks again. love-p,Attached is the list of counterparties we need moved today. The list has 140 counterparties on it. Please let me know if you are not going to be able to move these today by 3:30. Below is what we need done: 1. Only financial deals with these counterparties 2. Change the ENA book name from NG-Price to ENA-FT-WC-SJ 3. commodity code should be NG 4. cutoff date 1/1/02 Please shout if you have any questions. Thanks. love-p,Did Bruce get this information to you on Friday? I was out of the office and asked him to respond. Let me know and I can get it for you. Thanks. love-p,Please divide the list between several of us. Thanks. love-p,Can you please set me up in the XMS system as a manager. One of my employees has a reimbursement that is outstanding and I would like to get it approved as soon as possible. Thanks. love-p,"FYI - since we are moving this weekend, do not put your trader packets on your trader's desk tomorrow night. Give them to Bruce(since he is the slowest) and he will bring them in Monday morning and distribute to our trader's. Everyone needs to be here by 7 a.m. on Monday in order to answer any questions your traders have and test out your systems. If things are messed up, we want to get the IT people first. Thanks and shout with any questions." love-p,"Once again, it appears we have changed a price desk deal without letting them know. I hope everyone understands how bad this makes our entire team look. This issue continues to be brought up in the staff meeting and we are always the cause of it. This is the second time in less than a week and we have gone over this several times. Next time this happens, someone is liable to get an exit early pass from the floor for good. To keep this from happening we will now practice the following Rule: Anytime a price desk deal that involves the central desk needs to be changed, the person that runs the central book will not leave the floor until Errol or Joey tells you that there book is ok. If that happens to be midnight, sorry. That is the rule and there will be absolutely no exceptions. Sorry I have to be a jerk, but it is obvious that being nice about it has not worked. Thanks for your help in eliminating this in the future." love-p,"Sorry for the confusion. I was sending out several emails today. I will send out the golf balls when I receive your money order. The address for you to send it to is: Phillip Love, P.O. Box 890086, Houston, TX 77289. Thanks and sorry for the confusion." love-p,"I can not remember if I called you Friday or not. Let me know when you want to get together and go over the consumers stuff. Sorry if I forgot, the mornings are the best for me." love-p,FYI - remember to have one of your team members take home all of the trader packets tomorrow and come in extra early on Monday to deliver them to the traders. I think we also talked about last week that we need to make sure everyone was here by 7 a.m. on Monday. Please shout if you guys disagree. love-p,"Susan, attached is a new matrix for each desk. This should replace the previous matrix you are using. We are just putting our groups down in the access request list and this should be used to cross reference. Please let me know if you have any questions. Thanks." love-p,This book simply replaces a book that we were officializing for position purposes only. We have a separate gas daily calc that is for value that goes into our P&L. Nothing has changed with that book. Please shout with anymore questions. Thanks. love-p,"As I said, take it up with EBay or the individual you outbid. I see your max bid says $1600, an obvious mistake that you had to approve unless EBay made a mistake. For the last time $61 is obviously not out of the price range for those balls this weekend, you won by a dollar. You can cancel your bid before the auction ends and you did not. Per the attachment I sent, you have another 5 days to decide to pay or get Ebay to adjust it or I will seek payment through them." love-p,"looks like Florida will not be very good next year. They are losing their best players to the draft. All three of their receivers and their best cornerback and offensive linemen have now declared for the draft today. Add to that they can not get a coach to sign on. Shanahan just turned it down, they are now going to New Orleans offensive coordinator. See what happens. Did you get your pool cover fixed?" love-p,"Here in lies the problem. These fix price locks are not deal specific - rather counterparty specific. Therefore, we can not modify prices until the end of the month when we know which deals flowed volumes and which did not. This means we have to do this the last two days of the month along with all of the other things we are doing. For every month since May - except September we have been able to do this. It just so happens the one time we do not do it, we had the most locks. The problems we had in previous months were due to liquidations hitting central that should have hit Chicago. Same deals, different issues. Thanks." love-p,"I think there is also some stuff under a subsidiary of NICOR, Northern Illinois. Make sure both are included. If you guys can get the balances and which deal numbers are outstanding I think we can match up with the CPR reports that I have." love-p,Please email me or call me...I need the deal number again. The number I wrote down expired in 11/30/01. Thanks. love-p,"You know you got me all fired up now, I am going to put on the full court press to keep the tradition alive. I am attaching a map from El Cajon to Houston for driving directions. They say it will take 24+hours, I calculated the time and I think the jilly mobile can do it in 20. Ashley is probably going to drive the Burban over to NO and I am going to fly because of work. So you guys only have to drive to Houston and she will do the rest. Sounds like a good idea to me(yeah right). I will even throw in a Love trip back to SD this summer/fall if I can get a visit in April. Two for one baby, you can't get a deal better than that except at Costco. Plus, I almost forgot the best part - we have a little TV for the burban so you could get a little MLB 2001 action on the way.....(give me enough time and I will keep it coming) PL P.S. - we also have the Milton's bread here(so you can make sandwiches for the trip to NO) El Cajon, CA US Houston, TX US Total Distance: 1455.80 miles Total Estimated Time: 24 hours, 26 minutes DIRECTIONS DISTANCE 1: Start out going West on E MAIN ST towards S MAGNOLIA AVE by turning left. 0.03 miles 2: Turn RIGHT onto N MAGNOLIA AVE. 0.47 miles 3: Take the I-8 E ramp towards EL CENTRO. 0.28 miles 4: Merge onto I-8 E. 331.60 miles 5: Take the I-10 E exit- exit number 178A- towards TUCSON. 0.57 miles 6: Merge onto I-10 E. 926.69 miles 7: Take the I-35 N exit- exit number 570- on the left towards AUSTIN. 0.34 miles 8: Merge onto I-35 N. 5.31 miles 9: Take the I-410 S exit- exit number 162. 0.41 miles 10: Keep LEFT at the fork in the ramp. 0.14 miles 11: Keep LEFT at the fork in the ramp. 0.42 miles 12: Merge onto I-410 S. 0.86 miles 13: Take the I-10/US-90 exit- exit number 33- towards SAN ANTONIO/HOUSTON. 0.14 miles 14: Keep LEFT at the fork in the ramp. 0.26 miles 15: Keep RIGHT at the fork in the ramp. 0.28 miles 16: Keep LEFT at the fork in the ramp. 0.26 miles 17: Merge onto I-10 E. 187.19 miles 18: Take the SMITH ST exit- exit number 769A- towards DOWNTOWN. 0.38 miles 19: Turn LEFT onto FRANKLIN ST. 0.09 miles 20: Turn RIGHT onto MILAM ST. 0.09 miles Total Estimated Time: Total Distance: 24 hours, 26 minutes 1455.80" love-p,hanging in there. We are still here for now. Hopefully one of the I Banks will come through and buy us up. I will keep you informed. love-p,"sorry Pop, I forgot to send this to you. My home email is plove@houston.rr.com. Talk to you this weekend. I heard Auburn got rid of Off and Def coordinator. We will see if that changes anything." love-p,I face the one that is on the way up to 6. I am at 05145. love-p,"Here are the documents you requested. Thanks for all of your help. I look forward to talking with you. Also, alternatively, I can be reached at home 281-486-7026." love-p,I passed this on to my boss and he is not interested at this time. Thanks for sending it and please keep me up to date on any opportunities you see that look good. Thanks. love-p,the website says that EAST-TP1 - PRC & Bas are not official. I checked both post ids and they are official. The postids are 1435337 & 1435338 respectively. Thanks. love-p,"I have you down for $61 plus shipping, not $1,600. I show that you bid at $6.99 and at $61. There was no bid for $19.99 listed at all. I am sorry if you did not mean to bid $61, but it is hardly out of the range - these balls were selling this weekend for $80-90. If your winning bid was $200 or higher I could understand your complaint and we could make an adjustment, but $61 is not an unreasonable amount. Please let me know if you are planning on paying the $61(I will pay shipping if you use PayPal). If not, I need to contact EBay for resolution. I need a response as soon as possible. Thanks." love-p,please set up the book attached asap. Thanks. love-p,"sounds good, I heard from Bruce that the booking is not going to well. I don't think it is that complicated, but I will be happy to do it tomorrow. Any luck on getting it into an existing book and not having to calc another book from here on out? Hopefully we can do it tomorrow since it is not going live until 11/01. Talk to you in the morning." love-p,THe file is in the ERMS/1Intra/Central/Sithe TCPL Transport 1115. I left Louis a message to call you tomorrow and let you know about the demand charge rate. love-p,"FYI, I spoke with the erms team about the problem we have with curveview going through runm. If you open runm on your PC instead of a sun machine, you need to open curveview first. If open curveview before any other applications, the screen will be blue and all others will be set up correctly as well. According the Erms guys this is an ancient program and they are unable to fix the logic. Pass this on to your groups." love-p,"Just wanted to let you guys in on a few things we have talked with Gossett about. Today we officially begin the process for the New Company. That being said, we now have to tighten the ship a bit. From now on, please refrain from playing games and surfing the internet all day. If you are bored and don't have anything to do, please look for things to do that are work related. This is a good time to improve your skills and learn about things you are not absolutely proficient in. Read some options books, study macros in the P&L's, etc. The key phrase here is work to improve your skills so that we can shake off some of the rust we have developed in the last month. All of this is coming from Goss and it is serious, to be a part of the new company you have to show that you are willing to contribute and are the best of the best. I know this sounds harsh, but we have all had a nice vacation and I am sure most of you are like me and looking forward to not having such a boring job. It looks as though bidders will be in this week, so we will have some reports and demonstrations to give. Please pull me aside or email me if you have any further questions. Thanks and Happy New Year." love-p,please reactivate/unarchive the following books - we are going to have to start calcing these today. Intra-Central-Phy and Intra-East-Phy. Thanks. love-p,FYI - Sean no longer works here. I forwarded this to Scott Tackett - he is handling all Deal Validation now. love-p,I will get her on it. I will have her wear on denise in the same manner I am wearing on you. love-p,nice. real impressive. love-p,"Congratulations on winning the auction on Ebay for the sleeve of Pinnacle Golf Balls. Please let me know if you will be paying by PayPal(alove@houston.rr.com) or money order/cashier's check. The total is $13.50. I will mail the balls priority mail as soon as I receive payment. Thanks again and use this email address if you reply before this evening, alove@housotn.rr.com is my home email and I can not access it from work. Thanks again and look forward to hearing from you soon." love-p,Can you guys map the following curve: EMPRESS-US/IM needs to be mapped to Dawn and Omicron 14. Please shout if you have any questions. Thanks. love-p,"Can you let your group know that we have made some changes in responsibility in Risk Management. Kam Keiser will be responsible for the West Desk, Scott Palmer will now be responsible for the Central Desk and I will now be responsible for the East Desk. Please pass this information on and direct future inquiries accordingly. Thanks." love-p,"Greg Couch forwarded your email address to me saying you were interested in some Enron logo sleeves of golf balls. I have four sleeves of Titleist Tour Prestige 90 and 8 sleeves of Pinnacle Gold Distance golf balls. Please let me know if you are interested and what you are willing to pay. I am going to put them on EBay tonight if I do not here from you. If you are not interested, I apologize for the message. Thanks" love-p,Here is the head hunter I am working with. She seems pretty receptive and has been proactive getting back with me. love-p,"You should have received feedback from me shortly after you paid. Please check your feedback and let me know if you do not have it posted and I will repost. Thanks again, and please leave positive feedback for me as well." love-p,"The desk took the adjustment and we were waiting on Lisa to verify the amounts on the A/R. We need to know the variance on the A/R by month to compare to my analysis and we can then change the prices in Sitara. The desk took a 5.7 million dollar expense PMA. Please let me know if and when you guys have the info and we can get it fixed in Sitara. Until this gets done, OA will have a variance on flash to actual because the desk already took the adjustment - we wanted to get it in for year end." love-p,"Per Grigsby, all ten traders have signed on and the products are fixed. Thanks." love-p,I really would like to see the contract to verify things are not being booked correctly. I spoke with Patrice and she does agree that we should not have a large receivable balance. Try and get me the contract and I will see what I can do. Thanks. love-p,"Please send this person a sleeve of the titleist balls - should be in the garage and send a sleeve of the Pinnacle balls to Robert Stokes - you should have an email in your box from last night. Also would you mail the two envelopes on the counter. Thanks. I have a UBS meeting offsite until 2 p.m. today, I will have my phone with me. Thanks - Love you." love-p,Bailey I heard bon jovi is your idol. Enjoy. PL love-p,got your message last night. What is up? Bet you are glad you are not working for the big E. Things are not too good here. Just waiting for the ax to drop. Hope things are good in SF. love-p,"FYI, I will show you how to work this spreadsheet, just call this guy and tell him what you are going to name the file and why. Tell him it is like Brian Gillis' file in Canada. He needs to know the prefix you are going to call the file and then you attach the current date in the MMDDYYYY format. Thanks." love-p,"see this spreadsheet, you will see that previous months match. This spreadsheet comes straight from our crude guys. If the counterparty continues to disagree, get documentation from them and we can take it to the crude guys. Thanks." love-p,good idea coming back. It is a zoo around here. Looks like D-Day is today. We will see. At least I got to move into the new building and see it for a few days. Where are you currently sitting? love-p,I think the confusion with this lies in the fact that last month we had the same issue and I thought you put these deals that are desk to desk in tagg back on my region. These relate to fixed price lock ins with Peoples. I think what happened last month happened again this month which is settlements and the risk person did not get the fixed price lock ins done until the following month. We will have to try and work on this for this month. The problem is that they can take their volumes on several deals and we have to wait until it is completely scheduled. Sorry for the confusion. love-p,"trip to steamboat: Jan. 13-19 $425 a night for a house that sleeps 10. That works out to $500 a couple for the week(6 nights). That will give us 5 days to ski(or 4 on 1 off). Continental flys directly to Steamboat for $300 roundtrip. Need to know interest level ASAP. We have to pay 50% upon booking the house and %50 within 30 days of arrival. I will pay the %50 up front, I just want a firm committment that you will be going. Take a look at the house: http://lodging4vacations.com/steamboat-home/ It is the bettger house" love-p,Just wanted to follow up and make sure we were still on for tomorrow? Can we make it 12:15 at Chucks BarBQue? I have your numbers and will give you a call if we run into trouble. Thanks. love-p,I am headed out to lunch at 1 and will be back by 2:30. Is that good? love-p,works for me or I can do it. I can not do the first one (I vote for Kam) love-p,FYI -looks like everything is fine. sorry for the mix up. love-p,"Here is a rough draft of what we discussed yesterday, let me know what if any changes need to be made and we can sit down with Couch. Thanks." love-p,"I apologize, I forgot to tell you earlier today that Jason and his family have not heard of this guy. Like you said he must be in Double Springs" love-p,can you get the process rolling on this additional book for the west. Thanks. love-p,you absolutely amaze me. You send me an article that describes your fans as some of the most low class fans in the country. Nice try and getting my dander up. FYI - Paul Finebaum was fired from the Birmingham News several years ago because of his lopsided reporting(Pro Alabama). HE now works for the Mobile Register - you know that Pulitzer prize winning paper in Lower Alabama(come on). love-p,"I feel confident I can sell them on EBay for at least $25 a sleeve, so I will go at that way. Thanks anyway. Good luck." love-p,"FYI we have made some changes in responsibility in risk. Kam is now the desk head for the West Desk, Scott Palmer is now the desk head for the Central Desk and I am now desk head for the East Desk. O'Neal remains over Texas. Thanks and please share with your colleagues." love-p,"unbelievable. Still hanging on here. We let go of 4,500 of the 7,500 people in Houston. Crazy stuff. Will keep in touch." love-p,"Please look at Sheet 1(2). You will see there are numbers Lee attribute to You and I. I wanted to go over the months that there is a large difference - see what counter parties make up the difference so that we can determine the absolute correct number for him. I also wanted to discuss OA if we have time. I have a 10:30 meeting and if you need to get back to the auditors, we can address at a later date. Thanks." love-p,trying to keep from sucking on a tailpipe in my garage. Just hanging in there and waiting to see what happens. I have a few feelers out. We will just see what happens. How are things with you? love-p,For West: Risk(give these people access to all regions)- Phillip Love Randy Bhatia Melissa Videtto Stephanie Hopkins Ryan O'Rourke Zach McCarroll Traders(just West access)- Mike Grigsby Phillip Allen Keith Holst Frank Ermis Jay Reitmeyer Jane Tholt Matt Lenhart Jason Wolfe Matt Smith I will have Patti Sullivan from logistics send you her list. Thanks. love-p,"number here is 713-853-7376. If you come back to Houston and are job hunting, please give me a call. Thanks for all of your hard work and helping with the transitions process." love-p,Contratulations on winning the Luxor Money Clip. Please let me know how you will be paying and I will ship as soon as I receive payment. Paypal payment will insure the quickest shipping. Total cost is $9.50. Thanks. love-p,Bharat asked that I forward this information to you. Could you please map the following curves to the appropriate omicrons. Monchy and NGPL-IA-IL should be mapped to chicago - omicron #11 and St. Clair should be mapped to omicron #14. Do I need to also send this information to Burton in the controls group? Thanks for your help. love-p,would you prefer me mailing or delivering personally to you? I was planning on shipping this afternoon. Just let me know. I will be out of the office tomorrow. Let me know whatever you prefer. love-p,"Congratulations on winning the auction on Ebay for the sleeve of Pinnacle Golf Balls. Please let me know if you will be paying by PayPal(alove@houston.rr.com) or money order/cashier's check. The total is $15.50. I will mail the balls priority mail as soon as I receive payment. Thanks again and use this email address if you reply before this evening, alove@housotn.rr.com is my home email and I can not access it from work. Thanks again and look forward to hearing from you soon." love-p,Please add Financial and Control group to these book requests if they are missing. We would like for everyone to have access to these books that is on that matrix we sent you. Thanks. love-p,"can you get me the info on August for Nicor, according to Cora Pendergrass I need to see august numbers because some of July's invoice has august volumes. I would like a copy of all the stuff you guys gave me for July. Thanks." love-p,"which books in TDS do you need access to? I approved your erequest, but I have to go into TDS and grant the actual access. Thanks." love-p,so I guess I have to start calling you fancy pants. Just call me THE HARPOON. love-p,"Add Steve South to the Trader list and remove the following from Risk: Zach McCarroll, Stephanie Hopkins. Thanks." love-p,thanks for checking and publishing this. I will have another talk with the guys. love-p,"Due to lack of interest, we are going to postpone the gig. Try and reschedule after we actually file." love-p,"still working. I hope to have it completed before the week is out. As I am sure you are experiencing as well all the fire drills that are currently going on around here, I have been running since I got back from vacation. Believe me when I say this is a high priority for me as well because of all the potential P&L fallout for the traders who have been entering this information." love-p,"unfortunately, I do not have any information about these deals. With these being IT day deals, the schedulers and traders will have all of your information. sorry." love-p,"If you want an updated value on the deal, give the ticket numbers that need to be modified/deleted to Bruce and he can get it taken care of. Let me know if you have any questions. Thanks." love-p,Christmas time is going to keep me from playing. Thanks for the invite and congrats on the Big 12 south. love-p,"and for those that are email challenged(Scott Palmer) you sent it twice. Don't worry, we do not have to worry about O'Neal, Sunday is not daylight savings time. I got them to move the tournament two weeks so we could count on O'Neal for the first game." love-p,"Attached is a file from EOL that has all the current products. We are trying to do a mass mapping for the systems of all of these products. As you mentioned, not all of these products will roll out initially, but we wanted to go ahead and map them in the system. I have put in the old trader's names in a column(column F). If you could check out the list when you get a chance and let me know if you want to change the traders on any of the products and who will be trading the products for the traders that are not moving over(names highlighted in green). Also, there are no current products under Jason Wolfe, Matt Smith or Jane Tholt. Please let me know if we need to create products for them or if we will be moving existing ones to them. Please also let me know which traders need to also have a physical book. The list I gave you this morning is the financial books we set up. Thanks for your help and let me know if you have any questions or concerns." love-p,not sure if this got done yesterday by Francis and Sanjeev. Can you let me know. Thanks. love-p,"sorry to keep bothering you. It looks like Souad's VaR continues to go down, but her net positions 5 contracts and her VaR is over $300K. Can you verify that it is her Aruba book that is causing all of the VaR. She only has positions at about 5 locations and they should all be mapped to the same omicron curve and either NG or Chi. Gate. I would think that there would not be that much difference between NG and Chi Gate. Any assistance is greatly appreciated. Thanks." love-p,"just think if he came to camp on time how many yards he might have. I am a big Lester Hayes fan, I wish they still let them wear stick em!!! I think he called it stick em and he just ran his hands through his hair." love-p,looks good to me. Basically states the main things that I do now. Thanks. love-p,Intra-East-Phy should be Intra-Northeast-phy. Is this in risktrac? love-p,I want to keep the two ladies that currently do my OA. Any deviation from this will result in bodily harm to you and your family. love-p,heard you had a really good story about a five year old louisiana boy that likes to bite adults. What the hell are you guys teaching the kids over there? love-p,"All indications are that we will be here. I have not heard anything new to the contrary. If you need to take it off, take it as vacation for now." love-p,"As far as I know(see previous email), this is the most current list. I would also use this list to verify the basis options are up to date - per our conversation earlier(Pat & Chance)." love-p,We lost about 15% to layoffs and we lost about 40% to the estate (staying with Enron). The remaining people are going to UBS. We will see what happens. How are things with you? Talk to you later. love-p,"this is a cemetery book, none of the deals in this book are active. You should also see this case for several similar books - UN-CENTRAL. Let me know if you need more information. Thanks." love-p,that is fine. Shouldn't spend all of your money on booze and tickets to a game that you only watch half of. love-p,"I fixed 1127631, the other deal , I do not have a confirm from you on and it is already priced at NX1 + basis. Please let me know if you need something further on these deals." love-p,"FYI - Andy and Martin will be giving classes to the trading track guys on the two different locations. They are opening these classes to everyone. I would recommend that you attend, I am going to try and attend as well. THE ONLY CATCH IS THERE WILL BE A TEST AT THE END AND THE RESULTS WILL BE SHARED WITH HUNTER. I think it would look very good if you attend, I only caution you to pay close attention because the two guys have been known to ask tough questions." love-p,"what is this I hear that you may have a new job for me? I hope so, we keep going in the toilet on Wall Street. My 2,000 options are now all worthless." love-p,"With a little more notice, hopefully we will not cancel the gig. The party is back on for Saturday Dec. 15th - party start time is now 4 p.m. Please pass on to your groups again." love-p,"I only show that we should have triggered 1127631 for December and they did not trigger 1131418 at all. They will need to provide documentation to us - i.e. signed confirms that show this was done. Is the trigger price they are suggesting in our favor or not? If it is in our favor, I am sure we will change it ASAP. Please let me know." love-p,looks like this deal got zeroed out and rebooked on #1019677 look and see if you see this - CP should now be CPR pipeline exchange. No variance should occur. Thanks. love-p,"I wish you would come back - it would give our stock price a shot in the arm...press release...DK is back at work!! I will talk with DG and get with you on a date, we are pretty busy around the holidays, maybe we can hit something up during the week. Does Gary get home at a decent time during the week? I now am over the east desk, so my hours recently increased. We will see." love-p,already headed to someone else's house - place with bunch of kids. Thanks for the invite. Sorry. love-p,I think you will have to log off. I approved the request. Look at the status of your request and see if it says final approved. If it does than try logging off and trying again. Thanks. love-p,"separate region. It is within the Mich P&L. Also starting in October, Central transport will no longer be in FT-OC, it will be in Aruba and needs to continue to roll up to Central. Do I need to call you back?" love-p,here is the list. Thanks. love-p,I just want to be crystal clear on the file you sent. We need to move all of these deals to the Bankruptcy book? Thanks for your help. love-p,"FYI - I have done the west and I have resaved this file out there. I highlighted the rows to be changed in yellow. If we all do this, we should be able to use the same list. I added a column to the file and put IM S/B, LT S/B and Daily S/B." love-p,"FYI - not sure if you know this yet, but you need to become verified on PayPal before your payment can go through. This usually entails you getting the two amounts from your bank account that they drafted - usually pennies. Once you are verified, I will receive the funds and I will mail out the cube. Thanks." love-p,"I am sorry to ask for a change on this reservation, but a colleague just mentioned he wanted to get a separate room, so could we have two rooms non smoking with double beds, I realize this may increase the rate. Thanks for all of your help." love-p,"Do you mind sending this guy that mouse pad on the desk? Thanks. The priority mail boxes are behind the filing cabinet in the office, you will need to use one of the larger ones. I would stuff it with newspaper or something like that to keep it from sliding around. PL Thomas Parrent 758 Regency Park Dr Crystal Lake, IL 60014" love-p,what is up rob? I still have a picture of the four of us on top of that mountain in California with dirt all over us from riding those four wheelers when we were in 9th grade. I am still here for now - no jokes about the demise of the big E. Pretty rough carnage through here. I am sure you guys in California are loving it. I will give you my secondary email if in fact I am one of the next one's out - plove@houston.rr.com. Ev just had a baby boy last week - he was one month early and the boy still weighted 9 lbs. 5 ounces. 21 inches long. His name is Devon Lamar. Ev has changed companies - his new email address is ESmith@kanekatexas.com. I am sure he would love to hear from you. Hope all is well with everyone. love-p,Darron and I may need it if Ed does not cut the cord by tomorrow. I would prefer not to have access to force him to use the estate people. love-p,"Just wanted to send you an FYI - due to problems that are caused for RAC, please roll your P&L's each day from your daily file and not the regions file. The RAC group looks at our P&L's in the region files each morning to determine rho and drift and this causes a problem if you have saved your P&L after rolling(it appears as though you have data already captured for current day because it copies and pastes formulas from the prior day to current day). Thanks for your help and shout with any questions." love-p,Can you map the following three curves to Omicron curves. Nilay did his side and I need you to do the other side according to the IT guys. GDP-St.CLAIR Omicron 14 GDP-NGPL(IA-IL Omicron 11 GDP-MONCHY Omicron 11 Can you let me know when this is done so that I can get Souad's VaR rerun. Thanks for your help. You also need to let me know if you guys can go to lunch on me on Friday. love-p,"FYI - this is set up and has been added as a tab to the bankruptcy post id sheet(CAN). If you open the attachment, you will see she set these up as MMBTU/USD books in Risktrac. I talked with Cecilia and she has changed this in ERMS/TAGG effective today to be GJ/CAD. Not sure how this happened, but it is fixed now. Should not have any problems, there is nothing in this book currently. Let me know if we need to calc these when I get back on Wednesday." love-p,"Do we need to make any changes to the EOL products? I see that Steve South is now on the trader list, does he need any products for EOL? I will work on the curves and get with you on a first pass. Thanks." love-p,"Can you take a look at this Natalie, I think you have the binder. Let me know if I can help. Thanks." love-p,"can you follow up with the Forum group for me. It appears only 3 of my six employees returned the feedback. I have been assured by every member of my team that they sent these in on time. Several members of our class yesterday had the same issue, with one not having any returned. This seems curious enough to investigate. Thanks for your help." love-p,"FYI - here is the info I have. As she said, not exactly the answer we wanted. I am still waiting on a final list to cross reference with our calcs." love-p,"We need to take the central off before the NY, NY Market, southeast curve files. We need to add the GDI East curve file. Also add the two east phy/gas daily curve files - o:tds/tds curve/east/intramonth & gas daily files/eastprodnewstyle and eastmktnewstyle. Sandra's curve file is o:tds/tds curve/east/fteast. The P&L files are o:erms/1intra/ireport/2002/0102phy/regions/EATP0102 and o:erms/erms_adm/firmtrad/2002/0102/regions/Intra-East Transport 0102." love-p,hahaha. I am talking to Bosse on the phone and both of us fell out of our chairs with that one...You kill me chef Vito. PL P.S. Bosse said bring your ass to New love-p,by the way congrats on the girl. Is it going to be Mallory? She is going to be 6.5 feet tall love-p,"Congratulations on winning the auction on EBay for the Enron Values cube. Please let me know if you will be paying by PayPal(alove@houston.rr.com) or by money order/cashier's check. As soon as I receive payment, I will mail the cube by priority mail. Please send me your mailing address. If you respond during the day, respond to this email address, the alove@houston.rr.com is for my home account and I can not access it from work. Thanks again." love-p,that is absolutely hilarious. I have heard a rumor that the Chargers are considering moving to LA....Is that correct? That will be absolutely horrendous. I saw the game of the century the other day on ESPN classics...Chargers vs. Dolphins 1983. Truly awesome. My man at the time Winslow(racist) got carried off three times. love-p,Guess what I just heard - Steve Spurrier has resigned. No word yet on where he is going...check out espn.com I got a Canon Elph 100 love-p,"I figure you are going to turn around and sell them on Ebay(current price is $77). So, I will sell you the two pinnacle cases for $250, roughly $31 a sleeve. I now have two cases of the titleist golf balls that will also sell at the same price. I can send you a picture tonight, when I get home. I can ship tomorrow or Saturday, I will pay for the shipping. If you are interested, let me know. Thanks." love-p,send it to alove@houston.rr.com. Thanks. love-p,here is the file. You would change the two curve tabs and the publish tabs are linked up. The BOM file is unchanged. The two basis files now only have basis curves in them. Let me know any changes you would like. Thanks. love-p,"What do you think about setting up a meeting between your group and mine in which each of us gives a short 15 minute presentation on what we do and how things other groups do affect our group. If you think we will need more time, maybe we set up two meetings. Let me know what you think. Thanks." love-p,"Congratulations on winning the auction on Ebay for the sleeve of Titleist Golf Balls. Please let me know if you will be paying by PayPal(alove@houston.rr.com) or money order/cashier's check. The total is $64. I will mail the balls priority mail as soon as I receive payment. Thanks again and use this email address if you reply before this evening, alove@housotn.rr.com is my home email and I can not access it from work. Please email me your address so that I can send them. Thanks again and look forward to hearing from you soon." love-p,"looks good. I have a few suggestions and they are just personal preferences - I prefer to see every left justified and the name, address etc centered on the page. Also, I would leave off qualifications." love-p,Happy Valentine's day palmer. Megan - Scott now handles the central desk. love-p,FYI - Dad told me about this article today in the Pro-Bama paper. - Huntsville Times PL love-p,the book is ENA-FT-WT-SOCAL. Answer to question 2 & 3 - yes Commodity code NG Move deals as of 1/1/02 Do not understand question number 6 - other side should remain counter party love-p,The only FT-Central-Opt book that should move to her is the GDL. The others should remain with Geoff Storey. She also needs to have the INTRA-CNT-TRANS-PHY book. Sorry for the mistake. love-p,we definitely got a scare this weekend. How bout those Bolts!!! Took down the Mighty Broncos. Have you been to any games this year? love-p,sure. I will have it to you in the morning. love-p,"Please pass on the sentiments of at least 3 Auburn Alumni. The students that appear in the pictures from Halloween dressed in racial costumes should be immediately expelled from the University and their respective fraternities should be permanently removed from campus. We also think that PartyPics.com should be disciplined and removed from the vendor list for the University. Auburn University and it's related organizations should not contribute money to organizations that are willing to take pictures of such insulting behavior and try and profit from them by selling them to disgusting human beings that would participate in such offensive behavior. As graduates of Auburn University and Athletic and Academic Scholarship donors, we are appalled by these students behavior and demand immediate action be taken against them. The longer this issue is not dealt with, the worse our University looks in the eyes of the world. Please take action and help save Auburn's reputation. Thanks for your assistance. The Love Family Dianne, Ashley and Phillip Class of" love-p,This is an email regarding prices for textbooks related to Energy derivatives. Trying to get Enron a discount on book purchases. love-p,"We do not receive this information currently - Jackson Logan forwards the email to us currently. I would appreciate having myself added to the list for email notification. Since there will be an allocation to my cost center, please limit access to this to myself - Bruce Mills does not need access. Please call if you have any questions." love-p,"Per John Lavorato, we killed all desk to desk deals on Dec. 13th. That is why this deal was killed. You mentioned that you had price deals that were not killed. Can you give me deal numbers for those as well and we can take a peak and see why they were not killed. It is our understanding that all desk to desk(book to book) should be killed because no cash actually changes hands. Should this deal have been with an external counterparty?" love-p,"I have tried to contact you guys three times today and have been on hold each time at least 20 minutes. I cancelled my service with you over a month ago and asked that you keep from sending me a bill. My service was cancelled immediately and I was told I would receive a bill from you and I would then have to call and dispute the bill to have my account credited. I asked at that time since I had waited on hold that time for 30 minutes that this matter be taken care of immediately so that I would not have to call back and sit on hold again for half an hour. Your customer service manager, very rudely I might add, said that was impossible and I would just have to do it anyway. Since I have had to wait on hold today for so long I want this email to serve as my dispute and have my account closed and the balance due removed since you terminated my service and I did not get the use of my phone. Just a word of advice, I would hire more customer service representatives if you plan on keeping customer to serve. This is by far the worst customer service experience I have ever had with a company and I will make sure all of my colleagues and friends know of this experience. I understand that you don't really care about giving good customer service to your ex customers, but I assure you make a fatal error when you assume those people will not share there experience with current and future potential customers. Phillip Love Acct. Number 00W-80016440 Mobile #" love-p,can you check with IT. IT looks like Souad's VaR is still way too high. Thanks. love-p,"Send to your group's please. If you feel like drowning your sorrows at the end of the world in some free keg beer, sodas and hard liquor - come down to Clear Lake and celebrate the fact that today may be the last paycheck you receive from Enron. Playstation, pool, and darts(with pictures of great Enron leaders) will be available for your enjoyment. You can also try chase the 3 year old with the dirty diaper. Party starts about 7 ish. We will order Pizza or something like that if you haven't eaten. Directions: I - 45 South to exit 29 - CLC Blvd. Turn left under the freeway - heading east You will travel roughly four miles (through 3 lights and two stop signs) turn left on Noble Pine(across from Children's World) When that street dead end's take a right on Towering Oak Take first left onto Cherry Oak That dead end's at Sterling Wood Way - take a left. Third house of the right 4435 Sterling Wood Way 281-486-7026 Hope to see everyone there." love-p,can you unarchive post id 1280448. Thanks. love-p,"The report named: CE P/L Summary , published as of 10/25/2001 is now available for viewing on the website. (Revision:" love-p,I am booked on a flight 1 week from Friday 8th of February - I land in Birmingham at 9 a.m. I should be to Huntsville by 11 a.m. I am staying until Sunday. I think Ashley and Jackson are going to stay here for now unless you report granddad is doing much worse next week. We will see how that goes. love-p,"yes 21st is cool. Just use this as a time to help out and do any projects that come up and use up all of your vacation - doubt it will be there to carryover. As far as I know, our employment status has not changed - we have made no changes to the ""list"". I would not worry for now." love-p,Please move the following six counterparties from NG-Price to Bankruptcy. Please move only financial deals. Please let me know when this is complete. We need to have it done by the time we calc our books today - no exceptions. Thanks for your help. TAGG Short Name: TRANSWEST VITOL S.A. DUKEFSVCMAR ENCOREACQCOM ENERGYUSA ENTERGYKOCTRA Thanks again. love-p,FYI - please continue sending this to Robin Rodrigue and change the book admins name to Lynn Pikofsky for the Chicago office(EMW). Kevin Radous is no longer with the company. Thanks. love-p,what is up with leaving me off the email this morning? You don't want me to come work for you too? My feelings were hurt. Hope things are going well in San Antonio. We need to get back to Vegas so I can gamble away what is left of my retirement. love-p,Would you mind sending Russ the list of your people that will need access to sitara in NetCo. I have send him the list of traders. Thanks. scott-s,"It all sounds pretty good, but is there any way to get on an earlier flight Sunday? Probably not, I know there are only a few flights out a day, but if I could get into Houston closer to late afternoon on Sunday it would be a better for me. I'd really like to stay that Saturday night...so if worse comes to worse, I'll just deal with the jet lag." scott-s,"Hey Katy, I was just curious if you had any interest in attending the reception below. Sounds like it might be interesting to me. Drop me a line and let me know if it sounds like fun and I'll go ahead and get a couple of tickets." scott-s,did you finally talk to him today? i'm definitely interested in the movie/dinner (i have a couple things in mind) but it probably won't be till around 8 o'clock or so...if that's ok with you. scott-s,"When you get a chance, tell me again what your schedule is for the end of April through July. I'm trying to figure when I can come visit and not pay too much on airfare, be able to stay a decent amount of time and not miss critical days at work. I will definitely come over...just don't know if it'll will be when Katy does." scott-s,"Okay...I'm an idiot...I forgot to bring your email address with me to London (it's saved in my contacts list at work) and I can't check my work email from outside locations...augh! Yet again, I fail. However, I had such a good time visiting I think I'm going to try to make a quick trip back over this fall when the air fares are a little cheaper. That way, I could see you and Jessica and Clay. I will stick your phone number in my physical address book and be a better visitor next go-round. Sorry again for the oversight. Also, the next trip I make will most likely be solo (my roommate in Houston came with me this time) so it will be significantly easier for me to maneuver." scott-s,"Hey Corey, I'm thinking about driving to Austin this weekend to see Kathy & Travis's new house as well as the two of them and the kids. Just wanted to see what you were going to be up to and if you might want to get together. I know you still have to work at the Law Review, but I figure you won't be there 24 hrs. a day...course I could be wrong." scott-s,"Hey there, Just wanted to check and see what your plan is for this weekend. Shoot me an email if you get the chance and let me know when you're going to be driving into Houston." scott-s,Just wanted to make sure you're okay...woke up this morning and you hadn't come home. I may be heading out after morning trading to go home b/c I feel like dirt. scott-s,"Hello Pete, Let me know if this is the correct email address. I was hoping to pick your brain a bit." scott-s,"Hi Patty, I apologize for not returning your call sooner, but I was actually out of town until yesterday. If you could drop me an email and let me know what would be the best time call you I would really appreciate it." scott-s,"Julie, I've been having some difficulty accessing my Hotmail account and therefore have been unable to check for your response to my last email. If you don't mind, could you resend the response to this email account. Look forward to speaking with you again soon. Thank you and Happy New Year, Susan" scott-s,"I'm flying Continental and I will check my mailbox for the card...I haven't checked it in a while. I'm going to bring my pictures from the last two weekends ( very fun activities...I tell you all about them this weekend). Love ya, Susan Enron Capital & Trade Resources" scott-s,"so obviously i decided against coming up this weekend...ha. on the one hand i thought it be nice to hang out today and have a little distraction before your apt., but then i thought it might be better for you to have the day to reflect, prep, etc. anyways, just wanted to see how you're doing and since you do have the day off i figured you'd be popping into the cafe at some point. got an email from Lisa...so she is at the school and sounded ok. it was a short mass email. hope to getter a longer one at a later date. talk to you soon," scott-s,"Well...I would certainly be up for a little travel. The following locations looked interesting to me. Biarritz, Dinard, Carcassone, Perpignan, St. Etienne or Nimes in France. Cork, Kerry, Shannon, or Knock in Ireland. Brussels in Belgium. Turin, Pisa, Trieste, Venice, Pescara in Italy. And....Alghero. However, I'm going home tonight to look in my guide book at all of these places so I'll send you another revised email tomorrow. Get back to me when you can and let me know if you have any strong opinions one way or the other. Obviously, I'm pretty flexible." scott-s,we need to chat....didn't know about the other cafe!!!! that's awesome. can't wait to hear more. scott-s,"Yes, I'm back from SD and appropriately depressed to return to hot, muggy Houston. Glad to hear your trip was so enjoyable...and no worries about the pina colodas, you gotta do what you gotta do ( I was drinking rum punches in the Caymans like they were water...much scarier than pina colodas I assure you). The weather, scenery and people in SD were gorgeous. I really think I'm supposed to be in Del Mar. There are the most attractive, active, worldly men swarming the beaches with even cuter dogs. I spent a large part of the weekend with my tongue hanging out. It forced me to the realization that the men in Houston, and much of Texas, are soft. Alas, no exciting stories though... Let me know how the movie is, I may have to make a special trip to see this one...All of the Kappas who've read the book insist I should write my own version filled with Susan's tails of woe. There is definitely ample material. Sorry to hear about Ben and the girlfriend. I'm sure your parents will be sad to see his calming influence go." scott-s,"so i'm back at home w/ the folks...i don't see this lasting too long. mom woke me up this morning to see if i needed to get up and start getting ready...JEEZ....she said she'd heard my alarm going off. you know how big i am on the snooze button. anyway, i think we're going to have to have a chat tonight about ""boundaries"". Ha. in regards to enron, i still know nothing concrete. hopefully by the end of the week we should now something w/ actual facts and figures. seattle was a really good trip...hoping to know more next week on that as well. talk to you soon," scott-s,"odds are you're on the internet right now b/c the hillegeist phone is busy....you are impossible to get a hold of, i must have called 10 times yesterday to no avail. give me a buzz at work when you get a chance 713-853-1455. lisa said she emailed you about dinner sometime before you leave, as if without her aid i wouldn't have seen you this visit...ha...anyway, talk to you soon." scott-s,"Mom must be at it again.... career meter: You find out late this week that your suspicions were right on. You've known for some time that a particular person didn't have your best interests at heart, and this week's revelations confirm your suspicions. It may be time to take flight and move in a different, more fulfilling direction. love meter: You feel more sure-footed and in control of your private life by the end of the week, mainly because the uncertainty that has hung over you like shroud finally lifts. It's liberating knowing where you stand. weekly horoscope: For February 4-10: A loved one may make a momentous choice, once Saturn and Mercury move direct. This could happen as early as this weekend, but may take longer. The point is that your life, circumstances, and opportunities are finally able to break from free the ice. Welcome change as the liberating thing it truly is. Don't be afraid. For some time, you've known things were not right -- and something had to give. Be very cautious about who you confide in. At this point, the walls have ears. As you establish a new chapter in your life, play your cards very close to your vest. Thought you might enjoy....." scott-s,"this quote just fell out of one of my spirals.... ""The timid and fearful first failures dismay, but the stout heart stays trying by night and by day. He values his failures as lessons that teach the one way to get to the goal he would reach."" --- Edgar A." scott-s,please call...will be leaving in about 15-20 mins. so disregard phone message and call around 11:40 your time. scott-s,"Theresa and Nicole, Jay and I were wondering if it would be possible for you to make copies of all the existing transportation contracts for the Denver desk and Fed-Ex them to the Houston office. Currently we do not have any of these contracts available to us here and feel it would be beneficial to have them on hand. As you know, we are both trying to get up to speed on this book and all it's components and therefore it is important that we understand all of the available options these contracts allow us. Below is a list of the contracts we have broken out on a summary sheet: -36169000 -36177000 -33084000 -33085000 -33038000 -31029000 -33171000 -33175000 -116388 -903145 -IT-601 -41066000 -41075000 If there are contracts missing from the above list, please include them in the packet as well. Thanks for all the help, Susan" scott-s,"hey emily, was just wondering what you're going to be up to this weekend...found a pretty good deal to boston and was thinking about making a trip to visit....totally last minute thing obviously. if i did it, i'd get in saturday evening and leave either monday or tuesday...drop me a line when you get a chance." scott-s,"yes...but i've decided my hormones are about the equivalent of a 16 yr. old boy's. we left about 20 mins after you guys and i drove him to his car. he asked if i minded him calling to ask me out wednesday or thursday of this week as he is going out of town this weekend (he said he'd tried earlier this year...to which i responded ""yes, and failed miserably"") ...we'll see. he is a cutie though. i don't know if you'll ever have a chance to look at the picture of you know who, but physically bryan puts him to shame." scott-s,"He was over again last night. Please explain to me why you would invite your ""man"" over to your apartment when you have a roommate and he lives alone. I simply do not understand. I took full advantage of the fact Ted lived alone...we never hung out at my apartment. Where's the fun in that? I just think it's weird. Talk to you later," scott-s,"Hey Chris, I was wondering whether you thought it would be better to fly in Thursday evening or Friday morning. Honestly, either option would work for me I just wasn't sure if Chuck would want to sleep in Friday morning since it's his day off. Let me know which one sounds better to you." scott-s,"Hi George You will want to liquidate the June Exotic Options today (using the valuation spreadsheet- Basis Pipe Options 2001.xls) as well as update the Option P&L file to account for the June Exotic option's value you calculate. You will actually roll-over the Options P&L tomorrow, after you finalize the 31st's P&L (the final P&L file will include any Prior Month Adjustments as well as broker fees). You will update the Basis Pipe Options 2001.xls when the actual published indexes come out...so that will most likely be Monday. At that point you can send the file to Beatrice Reyna in it's final version. If you have any other questions just come by and get me and we'll go over them." scott-s,"sorry didn't check email till today. things have just been really busy the last month and i've been doing quite a bit of traveling. i'm out of town this weekend, but maybe next week." scott-s,"Hey Chance, I'm going to be working on west curve validation...do you have any of the information. Joe Parks told me to contact you." scott-s,"My mom told me about Tootsie when we got home...I am so sorry. I know how much those dogs mean to you...as do most Londoners based on the picture arsenal. Anyway, I'm sure the funk will last for a while, but eventually you'll start to feel better. Just take the long weekend to relax and recoup from the news (and doctor prodding)...we'll grab a margarita next week sometime." scott-s,"Em got the grandparent dinner changed to Wednesday night, so we'll be able to get together tonight. She's supposed to give me a buzz later and let me know what she would like to do. Odds are we're looking at a happy hour, followed by a nice dinner and then who knows what. Talk to you later," scott-s,"Hi Julie, I just wanted to touch base with you one last time before I arrive in Seattle and make sure that I have the correct time and location for our meeting. As we discussed, I intend to arrive at your offices at 9:00 am Friday morning. To reconfirm, you are located on the 15th floor of the One Bellevue Center Building (411 108th Avenue N.E. Bellevue, WA 98004). I will be staying in downtown Seattle Thursday night and will have my cell phone if you need to reach me for any reason - (713) 775-6472. I look forward to meeting and talking with you tomorrow." scott-s,"Becca, I am sooooo sorry I'm not going to be able to make the party. Please give everyone my best and tell Jen I would have done everything within my power to embarass her. I'm actually going to be in S. Korea visiting my brother and sister-in-law, so I do have a legitimate excuse. See you at the wedding if not before." scott-s,CONGRATULATIONS!!!!!!! That's wonderful news....I think Laura is such a fantastic girl and I wish them both the very best. scott-s,I believe this message was intended for the other Susan Scott. I'm with Nat Gas trading. Thank you. scott-s,"Check out the Southwest website if you get a chance...it's got all the data. I'm going for lowest cost on this sucker if we go, so I may have to forego the fancy hotel in favor of whatever's part of the package. That way I can spend more on food and drinks. We can definitely look into a mother/daughter trip. Enron Capital & Trade Resources" scott-s,"i'll stop by while making my rounds this afternoon. and, you'll have to get someone else to tell the stories...i don't remember much of friday night and, as a result, susan had a ""come to Jesus"" meeting with herself this weekend. may be the last of the truly good stories involving me for a while." scott-s,What happened to you last Wednesday? Were you too pooped after you soccer game for a cold brew? Hope you had a good weekend anyway and that things are in general are going well. I just dropped the Earl a line to see if he's still breathing. I'll let you know if I hear anything back. scott-s,"Diane, I am no longer the book admin handling the trader referenced by the deal below. I have taken the liberty of forwarding this email to the individual now running the book in question. Let me know if there is anything else I can do." scott-s,"Hey Corey, Was wondering if you and Doug still had any interest in the Concert Sat. night. Drop me a line and let me know if you want to go ahead and buy tickets (they're $15 a piece). The box office opens at 8:00 and doors open at 9:00, but the last time I went there there was a line to get in by 8:45...I would recommend showing up around 8:15 or so to make sure you get a seat inside. Still trying to figure out how guilty I'd feel missing this bachelorette party..." scott-s,"Ok my dear....you just tell me when a good time is for me to visit and we'll go from there. i got your x-mas present last night. thank you very much, i'm anxious to start reading it. if you do check email today, give me a shout back. we can have an old fashioned email chat. i'm worried about you mo. i've been praying for you, for all that you're struggling with...but i'm stepping it up double time. please don't completely retreat inside yourself right now...that doesn't mean you need to talk to me, but talk to someone. love," scott-s,"hey....do you think you could escape for 30 mins...even 20...and if so, when? i thought i'd hit the cafateria in allen center for" scott-s,"It's so nice to hear from you! Actually, we're coming this weekend. We get in around 10:30 on Thursday night and flight out very late on Sunday. At present we have reservations at the Mayflower Inn, but are debating taking a trip to the San Juan's (possibly overnight - do you have an opinion on that?...i.e. can it be just a day trip). Discovery Park sounds great....we are both very interested in doing as much outdoors as possible. To that end, we were thinking about doing some kayaking if you know of any particularly good places. I really hope we get a chance to meet up while I'm in town...you may want to give me your phone number so we can contact you once we're in town. Thanks again," scott-s,"no offense taken and i'm agreed on the camaraderie aspect...just don't think excessive drinking is an appropriate response. and, though i don't think you intended to, please don't EVER imply that i would crawl in a corner and be afraid...not in my" scott-s,Question for you.... which section of Queen Anne did we think seemed better? Was is the North streets or the West? And which side of Queen Anne Ave would i want to be on....I can't remember any of this stuff. Thanks! scott-s,"I'm leaving shortly for the airport, but I will give you a call when I get back so we can discuss transport to SA. I am way too excited about this trip (many pics will be taken). Susan I completely agree about foregoing the Mucky Duck Tuesday...too cold and too rainy for me. Enron Capital & Trade Resources" scott-s,hey Ina...couldn't remember if I forwarded this to you or not. P00500873 pswd: scott-s,"So..... I'm doing my post New Year's check to see when and if you want another visitor. As I told you before, I am COMPLETELY flexible in regards to this weekend vs. some other time (and actually, I'm probably more flexible than just the weekend...things are still dead around here). You just have to tell me yeah or neah. I feel like you might need to share a good bottle of wine with a good friend and just release. Let me know how your schedule is looking and whether you're up to hosting one more visitor to your fair city." scott-s,"I forgot Leigh Ann was going to be in town this weekend. As for this evening, I think we're still on. The movie is showing at the Angelika at 7:40 or Greenway 3 at 10:00...I'm assuming both of us would prefer the earlier movie, but there is something to be said for proximity. What are your thoughts? We could either take our time with dinner and then do the movie or just go to the early show and maybe grab dessert afterwards. My guess is Emily would probably prefer the earlier time, since she may be taking off early tomorrow." scott-s,"I heard someone pulled a hamstring trying to be butch w/ the military workouts.... As for me, the trip was fantastic. Mucho shopping and even more eating. Not to mention the weather was beautiful and you could actually walk everywhere you wanted to go. The plane flight back was definitely not fun, but I did survive. It reminded me of London quite a bit, although I think the weather is milder. I was actually checking out apartment sites the other day b/c I was that impressed with the place. It has a definite Austin vibe. The people are extremely friendly, seem generally happy and there is lots of scenic beauty and tons of stuff to do. Oh well, I'll console myself with the fact that I get to live in H-town...always lifts my spirits." scott-s,"Thanks Kathy... Would you mind letting me know when I have access to the curve validation file in the O:// drive, or if there's anything I need to do to secure those rights. Currently we are actually trying to track down who has the broker quotes. Chance Rabon has said he will do some research and I've contacted some of the traders from the West Desk who were in charge of collecting that information." scott-s,"Paul, Got your message last night and since both nights work for Lisa and myself we figured we'd leave the decision up to the more finicky Alan. So Alan, it's all up to you...will it be Thursday or Friday? If you're looking for a preference from Lisa or myself I think we would both be leaning more towards Thursday. So just shoot us all back an email and let us know when. Can't wait to catch up with you Paul. See ya this week," scott-s,"forgot to tell you.... talked to Jennifer Bagwell yesterday and...she and Christian got engaged on the 28th. she's very excited and sounded genuinely happy. just thought i'd fill you in some good news. and, yes, i do think it's a good thing. also, i'm sure tori sent you an email...but, yesterday was her last day w/ ENE. i'm truly thrilled for her too. i think this is going to be a very good thing." scott-s,"I feel okay...just regretting some of my actions from last night. Oh well, life goes on. Enron Capital & Trade Resources" scott-s,"Hi yourself, I swear you read my mind sometimes...I was just about to email you. Anyway, things here are good and I am equally (if not more) excited about my visit. I know the weather's been kind of funky the last week or so but I've been hearing the same rumours as you regarding a weekend warm-up. Therefore, I'm still bringing my suit/beach clothes and will just make sure I've got some stuff in case it stays on the chilly side. I'll also make sure to include some work-out clothes and Sunday attire ( I'm assuming a skirt or dress will work okay? ). No worries about the need to study. I've been go-go-go the last couple of weekends and would not mind at all having some down-time during the day for naps, lounging, walking, etc. while you study to your hearts content. Honestly, we've got plenty of time to do things so it's no big deal. My flight is supposed to arrive Thursday night at 7:00 and I leave at 3:40 Sunday afternoon ( I got direct flights this time so I won't be nearly as tired). Hope this week isn't too crazy for you...of course, if it is you'll be more than ready for a little R&R. Love, Susan Enron Capital & Trade Resources" scott-s,"thought you'd get a kick out of reading this...start from the bottom up. (you'll have to click on the web link to see the e-card i sent ted for his b-day) as monique comically pointed out this morning, ""bet you never thought somebody would make ted look good?"" in the land of disappointing men, it's all a matter of degrees." scott-s,"Hey Lis.... As always it's good to hear from you. I've been meaning to write and ask what you think of the food there (although, obviously you are surviving). Please tell Priya, ""Congratulations!!!!"" for me...that is awesome. I was actually looking into that program the other day, so on a selfish note I'm really curious to see what she thinks of the school, etc. I think it'd be awesome to work in D.C. (or Boston or Northern California for that matter). You should definitely keep rolling with the momentum you've got going right now...run with it! And, good luck trying to arrange the trip w/ Niclas. If you do manage to go...just have fun (it doesn't have to be ""it"", it can just be fun). I have an offer in KC right now, should be getting the formal offer from Cincinnati next week and still waiting to hear from Chicago. So things are definitely happening. I'm just struggling with this decision a bit and have a real tug to head to France or Switzerland for 6 months to become fluent in French (you think I'm kidding, but I've really been checking this stuff out). Part of the reason for my seemingly flaky turn is because of a recent sad event. Chris went into premature labor on Tuesday (she was about 6 mos along) and the baby didn't make it. She had a heart beat when she was born, but it was very weak. They tried to resuscitate her but after about 15 minutes Chuck and Chris told the doctors to let her go. Her name was Kelly Elizabeth Scott. My Mom and Chris's Mom flew out to TN on Tuesday and my Dad went out there Wednesday...they are managing, but it's been really tough. Chris is fine health-wise which we are all very thankful for, but everyone is really just trying to come to grips with why this happened. So say a little prayer for them if you can. I miss you too (you were actually in my dream last night) and really hope you're enjoying yourself. Take care and I'll talk to you soon." scott-s,"Paul, I got the message you left yesterday about the 5,000 of Watkins gas from Patina. I will be sure to pass that along to Jay et al." scott-s,"Ok...The flight option I've selected on Continental arrives at 5:17 pm Thursday and departs at 12:58 on Monday. I haven't actually purchased the ticket yet, so if you want to get back to me to suggest anything else for some reason please don't hesitate. However, if I haven't heard from you in the next hour or so I'll probably assume that the times are okay and just go ahead with the purchase." scott-s,"hey....just an fyi, we talked last night...conversation took less than 5 mins and i think somehow whatever i needed to hear was said, or not said if that makes any sense. anyway, i'm definitely up for a drink tonight as well as shutting this door behind me and keeping an eye open for the next one ahead. .....the guy actually said that he was ""bummed""....that choice of words did wonders for me....i mean, you get bummed they don't make your favorite candy bar anymore or b/c you had a disappointing meal....it's just not enough that someone be ""bummed"" by the prospect of never being with me again. talk to you later," scott-s,"Did you just add another ticket under my name or did you request three additional tickets? As for dinner, I just emailed Katy and asked for her preference. I think it'd be more pleasant/less hurried if we went afterwards...say 8:30ish, but before would work for me too. I haven't talked to my Mom yet about the tickets, but I'll give her a call when things calm down a bit here. Talk to you later, Sue Enron Capital & Trade Resources" scott-s,"I called and left a message requesting two tickets for the reception...I will let you know if we get them. I'll try and give you a call later today. I'm not actually leaving until Thursday for the Caymans though, so if you're up for steak night etc. Wednesday night let me know. It can't be a late night for packing reasons, but I'd like to do something. Susan Enron Capital & Trade Resources" scott-s,"smith, pallen and others are talking about a ski-trip ASAP....as in leaving this weekend. and smith has recommended visiting you in Deer Valley. just wanted to give you some sort of fore-warning on the matter. chat w/ you later, SueBob ps - he has also said he may stay longer...eek!" scott-s,"Hey... so i've given everyone the heads up around here regarding my decision, and surprisingly enough they have been on the whole very supportive. Frank told me this was a ""good thing"" for me and that he was jealous. And Steve actually said he was proud of me. anyway, it's gone much better than i had expected. still don't know exactly what happens to me now. so we shall see what the next weeks hold in store. i'm still checking into lodging etc. for this weekend/early next week. i can fly in saturday or sunday, but maybe sunday morning would be best. i figure we could touch base and plan the next couple days (plus, i wouldn't have kept you up all night chatting saturday night so that you're exhausted for work sunday). then we'd have all day monday and tuesday and i'd probably fly back on wednesday....just a thought, feel free to share you own. drop me a line when you get a chance, SueBob....finally living up the name!" scott-s,"Hey Cindy, I went out to the web-site for the 20K to check my official time and I'm not listed anywhere. I have a feeling something could have been confused with my number switch, etc. Do you have any idea who I might contact to get that information?" scott-s,"Last night was good...a nice, relaxed dinner suited me just right. As for a rematch, we'll see...I've got dinner with Monique and Jennifer (you met her downtown once I think) tonight. So maybe Thursday or Friday night we could do something. I'll give you a call later. Julie's email address is julieg@qualcomm.com" scott-s,"Would love to get together again sometime, but I'll think I'll let someone else take over as far as the shot contests go...I was the champ - though ultimately of what I'm not sure. Frightening as it is I felt fine on Saturday, however from what I've heard that wasn't exactly the case with Bass. Thanks again, Susan (You'll probably be receiving words of gratitude from me for a while to" scott-s,"Yup...I leave for the Caymans today. Our flight out is at 1:45, so we'll probably be leaving the office around 11:45 this morning. I am, understandably, very excited. We will definitely talk more about Tuesday night either Sunday or Monday. As for Civil War, I'll keep checking to see what the deal is with the tickets. The going away party for Kenny should be really fun, I'm glad you're in the states and able to see him off properly. Have a good weekend and I'll be sure to take lots of pictures. See ya next week, Susan Enron Capital & Trade Resources" scott-s,"hey holly, just wanted to see what's going on with you, and to inquire how the long weekend in whistler went...i'm curious to hear how everything played out. also, bonnie wanted to get the name of the guy you knew who's based down in tacoma and went to west point. drop me a line when you get a chance." scott-s,"Craig, Just wanted to drop you a quick note and thank you again for taking the time to meet with me on Thursday. I know your schedule has been busy of late, but I very much appreciated having the chance to speak with you regarding Cinergy and the Cincinnati area. The types of roles available with the company at present struck me as both exciting and promising opportunities. Good luck in the continued efforts to move the company in the desired direction and I look forward to speaking with you in the future." scott-s,"Theresa, You're gonna kill me, but I left all my T-account notes at home this morning. Can you shoot me the FUGG breakdown again?" scott-s,"hey... thanks for the birthday wish. i didn't end up doing anything too terribly exciting. met some friends after work (the monthly dinner group) and then went to pappadeux with mom and grandma. I had a kitchen shower/luncheon and a bar shower/party saturday in san antonio. went out friday night with emily till about 2:30 am...perfect NW houston evening, donaraki (sp?) and Matthias's, got up saturday morning at 6am then drove to SA, out until about 3am saturday night, then up and in austin by 11am...brunch with corey then off to kathy and travis's, left austin around 7:30 and got home a little after 10pm...needless to say i'm exhausted today. as for the job front....i was 1st runner up for the job with Puget. they ended up offering it to a guy with more trading experience (go figure, someone with more than 1 yr of experience..ha), had he turned down the offer i would have been packing my bags but unfortunately for me he accepted. as for ENE, i was offered a position with the new UBS trading organization but decided to decline the offer, i've come to the conclusion that i just need to make a clean break from this place. i'm actually headed to seattle again this thursday to interview with another natural gas company up there. it's a small company (around 450) and the job is for a scheduler not a trader, but i've got a good feeling about the place right now. they strike me as nice people which seems to go a long way these days. so, i'll arrive thursday evening, interview friday and fly back monday...they said they wanted to give me time to explore the city and look for housing etc., which is nice. if all of this works out it looks as though i could be in seattle as early as march...WOW! hope all is still going well with you. i've been so happy to get your emails and know that this experience is turning out to be a good one for you. talk to you soon, Sue btw....i got our deposit back from the apartment complex. i'll just write you a check for your half and drop it off at your mom's house." scott-s,thanks...do you remember what the deal is with WR Gathering? Are the deals with England and EJW over at the end of May? scott-s,"Hey Matt, Just thought I'd let you know that I'm thinking about heading to New Braunfels tonight to see Emily. We were wondering if you might want to get together tonight...we've missed you terribly. You can shoot me and email back or just call Emily at the river house (830 -964-2494) or me on my cell phone after 4:00 (713-775-6472)." scott-s,"No worries....We can chat tonight. I wanted to talk to you about President's Day weekend anyway, and I need to do some research on that front today. Thanks for thinking of me though (if it makes you feel any better, I forgot it was my birthday yesterday morning until Mom gave me my present)." scott-s,"back to reality with a vengeance, sometimes reality is no fun...I think the weekend in NB will prove beneficial for you as well so enjoy. I'm guessing I'll end up at the party despite wanting to go to that concert at the Fabulous Satellite Lounge (I hate having a conscience!) . no contact with the guy...although i think he went home mid-week for a friend's wedding...regardless, though it may not sound like it, i haven't been too focused on the situation. on a another ""playing with fire"" note, went and grabbed a couple pints wednesday with dutch (the old boss) and ended up eating dinner with him as well. he paid (although he tricked me into letting him, said he was charging it to the company so i'd put my money away...needless to say he didn't expense it). we've always been friends so i guess one outing doesn't hurt, but any future encounters may have to include others for safety reasons. i'll see you when you get home." scott-s,are you going to the game tomorrow night? i'll be in town...wanted to see what your weekend looks like. emily may be going as well....she'd in town scott-s,"Hey, Just wanted to make sure you're still up for the MFA reception tomorrow night. I told Lisa about it last night and she said she'd like to go as well. So...the reception is supposed to start at 7:00 and go until 9:00 and I figured we could either go to an early dinner, or cut out of the reception a little bit early and go to dinner afterward (say around 8:00 - 8:30). Of course, dinner doesn't have to factor in at all if we don't want it to...just a suggestion. I'll give you call later tonight to hammer out the details. See ya," scott-s,"I'm sorry it's taken me so long to get back to you. I would definitely enjoy the opportunity to answer any of your questions about the various opportunities within Enron. I know what an overwhelming place this can be at times. I'm actually heading out of the office today for a conference in Denver, but if you want to just email me some questions or pick a time that would be good for you to meet that would be great. Susan Scott" scott-s,I will be staying at the office later than I initially anticipated this evening. If you are able to talk simply let me know the time and I will give you a call. scott-s,"Like I said...I'm in. What time is ""right after work"" for everyone? Enron Capital & Trade Resources" scott-s,"Hey Lisa, Once again I am so impressed with your organizational skills when it comes to this wedding. Just wanted to let you know that I will definitely be attending the luncheon on Friday and may even end up riding to SA with Jen (which always makes the drive that much more enjoyable). As for the ""Manicures and Pedicures for the Girls"", I would like to put my order in for a Turkey Breast sandwich on white. I can't wait till next weekend, it's going to be so much fun...can you believe it's almost here? Love ya, Susan PS - I've mailed the receipt for your nightie so you should get it by Saturday...sorry it took me so long. Enron Capital & Trade Resources" scott-s,"Hey Paul, Jay's already left for the day so you'll probably have to get with him first thing tomorrow morning to get his bid. I'll be sure to let him know about the deal if he calls to check in today or first thing tomorrow morning if I don't talk to him before then." scott-s,"Looks like this visit to Seattle is going to be a quick trip this time. I fly in Sunday (yes, this Sunday) and fly back out after my interview on Monday. Maybe we could grab dinner Sunday night...that is if you're free of course. We could even see what Holly's up to." scott-s,"Wow...I must say this was the last thing I expected you to be emailing me about. I'll try and give you a call after work ( around 4:30 or so ) if you want to talk about it some more, just let me know. I do think it's good that you guys are at least talking about all this stuff regardless of what you decide is the right for both of you. Sorry to hear about Jay...that is horrible. What brings on shingles anyway? I thought it has something to do with stress, but I could be totally off. Glad you like the CD...I've been listening to it non-stop. I'm totally empowered after ""I'm Alright"" and then plunge into super-reflective mode with ""Wildest Dreams"". Get on the Kim Richey web site and read the lyrics and you'll understand why. By the way, she's playing at Stubb's on June 14th and in Houston at The Fabulous Satellite Lounge on the 16th....food for thought. As for my call, there was some news...he contacted me around 10 am or so and we chatted throughout the day. I'll tell you more about it when I call, but you're only going to be a bigger fan. That of course is the problem I'm having." scott-s,"Hey girls...I hate this, but I may be out Thursday. Please still let me know where you guys are going to be and if anything changes I'll meet you there. Otherwise, have a great time and to both Lisa and Jen, I need to see you guys and hear all about the honeymoon and the proposal ( both are very good things and I love good things ). Sue Enron Capital & Trade Resources" scott-s,"Hi Julie, Thanks for resending the message. I shouldn't have too much difficulty arranging travel, but I wanted to run a few things by you first. It seems to me that it would be preferable to fly in Thursday evening, therefore freeing myself up to come in Friday at whatever time of day best suits yourself and the rest of the group. If no one minds, it might even be nice to see some of the activity on the desk during cash trading. Also, I anticipate staying through the weekend to see a bit more of the city and surrounding areas, but plan to cover those expenses myself. If all of this is acceptable to you just let me know and I will begin making all of the necessary reservations. I look forward to seeing you and meeting the rest of the group. If you need to contact me for any reason, my mobile is the most reliable way to reach me...713-775-6472. Thanks again, Susan" scott-s,Hope you had a good New Year!!! scott-s,"Caycie, I just left a message for you at work...How EXCITING!!!!!!!!!!!!!!!!!!!!!!! I can't believe both you and Jen got engaged on the same weekend. I'm absolutely thrilled for you and look forward to all the fun festivities this will warrant. You know I think Briggs is great (I've had so much fun hanging out with him at all of these weddings) and you're obviously pretty fond of him so I can't imagine a better bit of news than that of your engagement. I can't wait to hear all about the event (and see the ring - I'm sure it's gorgeous). I think I'm actually going to try and come up to Austin the weekend of the 12th...from what I understand Jessica will still be in town, as will Corey, and Jen had expressed some interest in making a road trip so we'll see. Love, Sue PS - Are you coming in for Deborah's wedding? Enron Capital & Trade Resources" scott-s,"Hi John, I've been trying to get a hold of Julie this morning, but am not certain if she is in the office today. My current situation has become somewhat interesting over the last several days and I was hoping to be able to talk over some things with her. If Julie is in fact out of the office today would you mind if we talked at some point. I'm under some deadlines around here and would be very grateful to have an opportunity to discuss things with Julie or yourself." scott-s,"Hey old married woman....what's up!? I got your x-mas card...that was too cute. I hope all is well with you and that you had a fantastic New Year. I'm also glad you and Matt liked your wedding gift...I absolutely LOVED that pitcher. I knew I wanted to get that for you the second I saw it, really too cool. (Didn't hurt that my parents wanted to pitch in on the gift.) Anyway, I really just wanted to touch base and see how life's been treating you and your new hubby. I had a good Christmas w/ family and an EXTREMELY low key New Year - which was definitely ok w/ me. Hope to see you soon," scott-s,"Sunil, I just checked my messages this morning....I didn't think people could leave messages anymore after I was put on a trading phone but low and behold they can. If you ever want to get a hold of me in the future, the best bets are email and cell phone (713-775-6472). I'd be happy to chat with you if you still need to. Just let me know a time and place and I'm there." scott-s,"i'm taking off right now. just talked to em and her parents are coming up tonight to stay for the weekend and work on the house. call me on my cell phone, i'll have it turned on at 3:30." scott-s,"Hey Julie, I just wanted to check up on you and see how the trip to New York went. Las Vegas was way too much fun...so much so it's quite possible I did permanent damage. I managed to stay in town this weekend though and catch up on some much needed sleep and organizing. Hope everything's good with you and I'll talk to you soon." scott-s,"None as of yet...so are you just going to let the party people know tomorrow or what?...I figured from your last email you were a lock. As for myself, I'm still waiting to hear back from Corey about the concert, so I don't know what I'm doing yet either. I would love to go to dinner with the crew and then transition to the concert but I don't think the times exactly work out. Anything in the hopper for this evening?" scott-s,"I recently had the following wine at Wahso in Park City, Utah - USA... 991211200 Zilliken 1999 Saarburger Rausch Sp?tlese 17 750ml I was wondering if you could tell me of a distributor or retailer from whom the wine might be purchased. I currently reside in Houston, TX but will be making a trip to Seattle, WA in the next couple weeks." scott-s,"Hey...if you'd like to try and get together Thursday or Friday let me know. I think a group is actually getting together Friday night for Ashlea Stuart's birthday, but I'd be willing to skip it (or go if you'd like to see some people). Anyway, just drop me a note when you get a chance...I could definitely use a good chat session." scott-s,"yes, that time works fine for me...i was wondering what happened to you. i had emailed you after you left the message in houston and never heard another peep out of you. hope things are going well and i'll talk to you around 3ish." scott-s,I had some appetizers the other day at the MFA that were provided by Aries and they were very good. Definitely wouldn't mind trying that place. Enron Capital & Trade Resources scott-s,"Hey Tobin.... I just wanted to make sure you got the last email I sent you....in response to your email below. If it's just taking some time to respond no worries, if you didn't receive it for some reason let me know ( I attempted to answer the various questions posed ). Cheers, Susan" scott-s,"if you go to ""Add""...then click ""Search for a contact"" and type in my name susan scott, search for the person at microsoft exchange instant messaging...then click next. my name should appear and you can click" scott-s,Tell me more about Cara!!!!! scott-s,"Hi Sharon, I just wanted to make sure that you had received the email regarding my availability for the week of March 4th. If you did not, please let me know and I will resend the relevant information." scott-s,I believe this was intended for the other Susan Scott. I'm Susan M. Scott with Nat gas trading. scott-s,"Hey folks, It's harassment time. I'm trying to put together the contact list to end all contact lists. I was hoping you guys could help me out by filling in any of the info you may already have. I've attached an excel file which has plants, pipelines and storage facilities. Fill in whatever you can and feel free to add anything you think should be included. Just take a look at the sheet when you get a chance and let me know if you have any questions. Thanks for all the help," scott-s,"I think some relaxation time is definitely in order for you...so don't worry about tomorrow. If you're in we can just try and buy tickets there, and if you're out I'll go to the bachelorette party...easy peasy. Considering you start this whole ride over again on Monday, I would totally understand you wanting to bail out. Whatever you decide PLEASE do not worry about me...I am the epitome of flexible these days." scott-s,"Hey there, Bummer about next weekend, although I'm not even positive I'm going so the frustration may be for naught. As far as the wedding thing goes, thanks for the offer but I wouldn't worry about it. I think I have a wedding in Houston that weekend anyway. I'll talk to Jen about coming up the weekend of the 12th so maybe Jessica, Jen, you, me & my friend Corey could all get together. I've been needing a good Austin fix. The trip to San Diego was awesome. We ended up blowing off most of the plans we made so we could just hang out at the beach, drink wine, and eat cheese and crackers (oh yeah, and watch the sun set). I did find time to go to a spa and get a bodyscrub/massage which was amazing. I'm off again this weekend so I have to go through the whole packing routine again tonight..augh! Hope things are well with you and I'll say high to Lisa and Jen for you tonight. Sue Enron Capital & Trade Resources" scott-s,"Oh boo-hoo...cry me a river. Sorry I missed Tuesday, but I went to listen to live music with a friend from UT. How are things going with you? I had a great time in London and came back with some Cubans for Dad and a 1920's platinum and diamond watch for myself...can't wait for you to see it. Give me a call sometime, would like to hear what's new in your life." scott-s,"good luck w/ the car shopping!!! i'm anxious to hear what transpires... as for me, i was off last night and maybe if we have some time this weekend i can fill you in on what's happened to me over the course of this week. but the bright spot in the whole thing is that dinner last night reminded me of the person i've been and how far i've come in the last 10 or so years of my life...and i think it gave me the extra shove, push or whatever you want to call it to really end the rotten situation i've been mired in. i don't know that the dinner was to blame completely for my sudden ""illness"", b/c a large portion of it may have been psychological...i had an appointment for a final chat last night, and i think i was getting sick just thinking about doing what i had to do...but i did it, on my terms and there weren't any warm fuzzies or expressions of disappointment on my part and i rejected his suggestion of a shift to friendship....so there it is, now it just up to me to ""stay sober"" so to speak and kick the habit for good. talk to you soon," scott-s,"Julie, I've been given a bit of a reprieve on the deadline. So, if you could get back to me sometime before this afternoon that would be very helpful." scott-s,"Thanks Sarah. That was very touching. I just forwarded it to a bunch of people...too good not to share. Hope you have a happy Easter!!! Love," scott-s,"Bonnie....How was the weekend?????? Very curious to see what you crazy girls did up there in Whistler. So, I wanted to let you know that Puget called me last Friday with another job opening. I'm supposed to talk to the guy today regarding the position. I certainly don't want to get my hopes up...but I'm kind of excited about this being something I could actually like. Hope all is well with you and I'll let you know how my phone call goes today." scott-s,FYI: Trish Murphy is playing at the Mucky Duck tomorrow night....thought you might be interested. Drop me a line. scott-s,"UGH....sorry i missed your call last night. I can't find your phone number either...i'll give you a call if you email it to me. otherwise, just give me a call later today." scott-s,"I'm sure you don't want me to remind you in detail of your own birthday experience? Europa, the shrubs across the street?...and it wasn't 2 hours, more like an hour to an hour and a half. Besides, I think Bass spent a little more time than myself praying to the porcelain god (at least I had the good sense to just pass out when I got home)." scott-s,he's going to Vegas I think...And I have no idea when we'd go over there. I'll talk to Katy and see what she thinks. scott-s,Thanks Bonnie...we're staying at the Mayflower Inn. I'll give you a call on your cell phone when we get to town. It may not be until Friday though since our plane gets in late...but I'll call none the less. scott-s,"Kevin, Thank you again for taking the time to meet with me last week. After speaking with everyone Thursday it became obvious to me that there are some real opportunities and room for growth with Cinergy right now. It was also apparent that it is going to take a good deal of hard work and the ability to tackle many variant tasks to achieve those aims. To that end, let me reiterate to you my willingness to take on a host of responsibilities to aid in that process. As I expressed to you at lunch, my goal is to obtain the skills and tools that will make me a consistent and effective trader. I left the offices Thursday with the impression that Cinergy, and those with whom I interviewed, could help me to accomplish those objectives. Good luck with the many tasks ahead and I look forward to speaking with you in the future." scott-s,Have you dropped off the face of the earth? Give me a call or email. scott-s,"joefreid: There is a new MBA guy doing a rotation in Trading, his name is Edmund Gaither...have you met him? Very large, strong looking guy joefreid: infectious laugh joefreid: I went to Tuck with him TXsscott5: no....do you know what trading group? joefreid: I'll ask him when i can get him on the phone again. Monique's name was familiar...I think he just started in whatever group he is in TXsscott5: hm....but he's on the gas floor? joefreid: I think...but not sure, will find out TXsscott5: ok...i can probably track him down.... TXsscott5: mo thinks i was a search dog in a former life joefreid: haha joefreid: are you one of those people that can find anything on the internet in less than 2 minutes? TXsscott5: y TXsscott5: :-) TXsscott5: had a huge debate at work yesterday TXsscott5: is there such a thing as too much water....for consumption purposes TXsscott5: i was battling almost everyone claiming that the law of diminishing returns applies even to good, old-fashioned water joefreid: personally? or from a macroeconomic sense (property rights in the West, blah, blah, blah TXsscott5: personally, as in water in-take into the human body TXsscott5: and there is such a thing....and it can cause a condition known as water intoxication... TXsscott5: it's so gratifying to be right ; TXsscott5: ;-) joefreid: yes, I buy into the law of diminishing returns. I've heard of water intoxication and I agree with your assessment joefreid: that doesn't mean you are right joefreid: though TXsscott5: why not? joefreid: my bad...because you found info on Water Intoxification you are right. I though you were saying b/c i agreed with you, you were right TXsscott5: oh...ha TXsscott5: people were attacking me...saying, ""no amount of water can be bad for you"" etc. etc. TXsscott5: and i replied, ""at some point your body can't process the water...the system has to overload"" joefreid: too much of anything is bad for you....way to overpower them with your tremendous intellect TXsscott5: ha TXsscott5: thx TXsscott5: i think i've scared them all know TXsscott5: now joefreid: Cow them into submission TXsscott5: i always do....could be why i've heard the words, ""you're intimidating"" more than once in my lifetime TXsscott5: oh well....i gotta be me joefreid: not necessarily a bad thing....when used in moderation joefreid: Law of Diminishing Returns again...it is everywhere TXsscott5: ha TXsscott5: so true TXsscott5: seriously though....i may have issues w/ challenges and/or the gauntlet being thrown down....i hate being wrong, but i'd rather be wrong than not know the correct answer joefreid: ...so as long as you can gain the knowledge you are ok? joefreid: insatiable intellectual curiosity? TXsscott5: oh, i'll be a little bitter for a while that i was wrong...but i get over it and then i have the knowledge from there on out...so i come out ahead joefreid: ...I am the guy that will look out the airplane window and marvel how the ""wing"" provides lift. The physics of it all and who in the world came up with that? TXsscott5: that one still gets me TXsscott5: i mean, really....how cool is that TXsscott5: this giant heap of metal....airborne TXsscott5: i took the aviation ground course in college as an elective joefreid: is it and extrapolation of Bernoulli's Principle joefreid: ? TXsscott5: ok...engineer talking to business major TXsscott5: heard of the principle...but couldn't define it for you TXsscott5: ;( TXsscott5: :-( joefreid: i realize the whole greater distance over the top of the wing creates a faster wind velocity above than below the wing and therefore causes a pressure differential (low above, high below and this ""lifts"" the wing. But it the newtons of lift is dependent upon the shape of the wing, the airflow over it, etc... TXsscott5: ok.....i'm officially impressed....my dad could talk to you for HOURS joefreid: That is why for the longest time, maybe even still today, the wings are the most difficult aspect of the plane to reproduce. Other countries would love for Boeing to outsource the construction of the wing so they could learn how to make it. joefreid: I'm sure your father would shame me TXsscott5: no....i doubt, but it would make for some interesting" scott-s,"Hey Bonnie, Wanted to wish you a Happy New Year, and let you know that I'm Seattle bound one more time. I have an office visit on the 11th of January so I should be getting in on the 10th and staying through the 13th. Hopefully you're going to be in town and able to do something during that time. Let me know how your schedule is looking. Can't wait to see you again. Who knows, this could be the precursor to an actual move...eek! See ya," scott-s,"that sounds good...don't push yourself to do too much, you need to take it as easy as you can until all of your internships start this summer because you know they're going to be tiring. plus, you'll be busy introducing me to all of the cute single guys you'll be working with...talk about exhausting! i'll either chat with you tonight or tomorrow and we can figure out what, if anything, we want to do. personally, just going a having a good meal coupled with good conversation sounds great to me - nothing big." scott-s,"Hey, Just remembered that Cory Morrow is playing at the Firehouse Friday night and Owen Temple is going to be at the Mucky Duck. If you have any interest in doing something Friday let me know. Maybe we could grab dinner and go see one of these guys play. I figure you'll be shopping and jaunting around town all day Saturday with Mom, and Sunday is Mother's day...so Friday seems like the best day to get together. Either email me when you get a chance or just give me a call sometime this week and let me know if any of this sounds good to you." scott-s,"Wrong Susan again...try typing sscott3@enron.com (that's her short email address)...mine is sscott5@enron.com. If you see the middle initial ""M"" pop up in the address, you've got the wrong Susan Scott. Thanks Linda J Noske 04/18/2001 09:44 AM To: Susan M Scott/HOU/ECT@ECT cc: Subject: Need some information Again, may I get your office location? You're not a new employee right, just transferrring in, correct? If so, which business unit? Thanks!" scott-s,"thought you'd find this interesting..... chrysalis (KRIS-uh-lis) noun, plural chrysalises or chrysalides (kri-SAL-i-deez) A pupa of a moth or butterfly, enclosed in a cocoon. [From Latin chrysallis, from Greek.] ""The climax of metamorphosis into an adult can be viewed almost daily. Butterflies usually emerge from their chrysalises sometime between 9:30 a.m. and 11:30 a.m."" William Allen, Where Beauty Flutters By, The St. Louis Post-Dispatch, Jul 23, 1995." scott-s,"hey lisa, i looked in my car and couldn't find your dress, so i'm pretty sure you took it inside your parent's house saturday night...where you put it once inside i have absolutely no idea. good luck tracking it down and thanks again for letting me stay at your folks, i really slept like a log on that bed." scott-s,didn't want to add minutes to the cell phone bill so i'm emailing....just wanted to make sure you're feeling ok today. talk to you later. scott-s,"Charles, I don't believe I received the form you referred to during our phone conversation. If there is something you would like me to fill out, please feel free to forward it to this address." scott-s,looks like the festivities start around 9:30 or so...which is probably when I'll get there. I will of course have the cell phone in tow if you just want to call after your dinner. maybe tonight will actually work and we can get a much needed live music fix. scott-s,"the Cayman Islands We're leaving in about a 1/2 hour for the airport and I am extremely excited about the trip. I will be sure to take lots of pictures and drink many fruity drinks. Actually, I'm going scuba diving tomorrow and then we're taking a catamaran on Saturday out to some island (I will be taking full advantage of the sunning net for the trip out to the island). Additionally, we've got first class dinners booked every night and I should be able to fit in a massage...I know, it's sick. Also, I'm sure you noticed that I emailed Niclas about you so the door has been cracked open...Just a warning though, based on a Tuesday night conversation with Lisa I'm afraid our dear Mitch may be biting the dust soon. We'll see though, she has become very flighty (okay, is flighty) when it comes to guys." scott-s,"Sorry I didn't call this weekend, but I was swamped Saturday and subsequently exhausted on Sunday. I basically rotated from my bed to the couch to the pool to the couch and back to bed. Pitiful but much needed. Anyway, I was just going to tell you to go ahead and buy the ticket for me. Departing the 14th and returning the 26th...which I believe puts me into Seoul Wednesday night and departing on a Sunday. You can either call or email if you have any questions for me. And, I'll decide where I'd like to go for the long weekend. I may pick two and just let you two decide the final destination." scott-s,"Hi Herb, Tim Bowler had actually given me your name and email address a little while back and thought it would be a good idea for me to drop you a line. I have been working with Tim for a couple weeks at Enron and, upon learning that I was in the midst of job hunting, he suggested I contact you. For the last year I served as an assistant trader on the West Natural Gas Desk (Wholesale). For various reasons I chose to decline an offer in February with the newly formed UBSW Energy and am currently still working for Enron. I'm attaching a copy of my resume to give you a better idea of my background and experience. If you know of any opportunities that seem like possible ""good fits"" I would very much appreciate hearing about them." scott-s,"Hi Pete, Would you mind shooting me back an email to let me know if I have the right address. Brad McKay had actually given me your new work number, but unfortunately you were off the desk when I tried to call a few minutes ago. Not too long after you departed, I too ultimately chose to decline joining UBS and am currently in the midst of researching new opportunities, interviewing, etc. On that front, I was hoping to pick your brain a bit about a few things." scott-s,"Sorry I missed your call last night...big shock, I was in the bath-tub. Anyways, you can definitely give me a call tonight if you'd like." scott-s,"Hey Lisa...good to hear from you. Hope all is well. I assume you didn't get the other email I sent. No biggie. Just wrote to say Em and I tried to call NY's Eve, but you had already checked out of your room. I guess you were staying with Priyah (sp?) at that point." scott-s,"hey mo....how's it going? hope you had a good day at work today, mine was boring as usual. just wanted to let you know that i thought i might try to give you a call tonight and fill you in on my plans for seattle. i really feel like i have no idea how this whole thing will pan out, and i'm getting more nervous as friday approaches. oh well, c'est la vie right? i've been trying to freshen up on things and be a little more on top of my game...but it's tough. i've agreed to be out of my apt. by the end of the day Monday...saves me about $250, but then the commute starts...yuck!!!!!!!!!!!! talk to you later," scott-s,"that's amazing....i hit his door at least 10 times w/ Murphy's toy....i'm guessing he'd had a few cocktails too.... btw...shame on your for trying to get me to go in there as a joke....i almost did, until i remembered i'm not in college anymore and this guy works at my company...course that all came to me in a flash as i was turning the door knob. you were doing a little nodding off yourself....that couch was a" scott-s,"Craig, In an effort to make sure that I am adequately prepared for my interview, I wanted to touch base with you and confirm that I possess all the necessary information and forms. Last week I received the packet you had mailed containing the application form and company information. Also, I have confirmed my flights, hotel arrangements and the directions to your facilities with Sharon Roberts. I assume all the information needed prior to my arrival is already in my possession, if you know of any additional information I may need please let me know. The last area of interest I am hoping to address is the actual interview schedule. If it is possible at this point in time, I would appreciate the chance to preview the individuals with whom I will be meeting. If the interviews have not been completely arranged as of yet then simply disregard the last request. I look forward to meeting and speaking with you tomorrow." scott-s,"Hey Paul, I'm so glad you emailed. My parents were just asking me what you were up to this past Sunday...now I'll have something to report to them. It's good to hear that things are going so well for you and I must say I'm a tad envious you're getting to do so many things you've always wanted to this summer (I'm still trying to figure out exactly what those things are). We will most certainly have to get together next week while you're in town. I may be going to Austin for part of the long weekend, but I doubt I'll go before Saturday so Thursday and Friday are definite possibilities. Happy to hear about your brother and Josh's impending marriages and can't wait to find out what school will next be graced with the presence of Paul Thomas." scott-s,"Ok folks...Thursday it is. My only questions are: Do we want to do dinner? And if so, what time? If no dinner then we can just pick someplace relatively low key to hang out and chat...Sorry Paul, no downtown clubbing for you." scott-s,"Alright guys, you have to know we're kidding. I don't think either of us are going to be wagging that war again any time soon. Bass isn't even going to be there." scott-s,Great....sounds good to me. Can't wait to see you guys. scott-s,"I've got Deborah Vest's wedding next weekend so that's a no go, but I was thinking about coming up the weekend of the 12th so maybe that will work. I would actually love to skip out on the wedding...however, since the wedding's in Houston and I live here, I don't have a very good excuse do I? And don't worry...we could wait two years and I'd still want to chat about Vegas. One of those things you'll never really forget. I'm sure I sounded funny and I was definitely tired, but in now way were either of these bad things. Sue Enron Capital & Trade Resources" scott-s,"1. What time is it? 10:22 AM 2. Name that appears on your birth certificate? Susan Margaret Scott 3. Nicknames: Sue, Susie, Susie Q, Subaru, SueBob, the Booz (brother-in-law) 4. Parent's names: Chuck & Sally 5. Number of candles that appeared on your last cake:can't remember 6. Date that you regularly blow them out: January 31 (usually Super Bowl weekend) 7. Pets: Dog- Bailey (at my parents house) 8. Height:5'4"" 9. Eye Color: blue 10. Piercing: just one in each ear... 11. Hair color: blonde 12.Tattoos: none...and there never will be any 13. How much do you love your job? A heck of a lot more than my last one...of course, any time you go from 16-18 hour days to 8 hour days it's got to be a good thing 14. Hometown: Houston 15. Current Residence: Houston 16. Have you been in love? never... 17. Currently in love? see above 18. Favorite thing about email? keeping in touch with friends and relatives who've moved away and getting hold of the people in Houston I never seem to be able to track down any other way (Jen, you know who you are) 19. Ever been toilet papered?: yes 20. Loved somebody so much that it made you cry? I've certainly cried, but I think it was hurt pride rather than love 21. Been in a car crash? yes, rear ended a suburban when I was sixteen...crushed the front of my car, his bumper had a little scratch (those cars are invincible) 22. Croutons or Bacon Bits? BOTH, I'm with Jen on this one 23. 2 doors or 4? 4 24. Coffee or Ice-Cream? Why not both? 25. Blanket or stuffed animal? stuffed animal - always bears, since I can remember 26. Color: blue...almost every shade 27. Salad Dressing: Used to be Ranch, but I've developed a new found zeal for Blue Cheese 28. Socks Color? White athletic sox...only when working out. Or, black socks w/ boots in the winter 29. Book you are reading or hope to read? Eleanor of Aquitaine, How Good Do We Have to Be? (Harold Kushner...It's wonderful), Catch-22 (seen the movie, always wanted to read the book) 30. Favorite Movies: Although I LOVE Pride & Prejudice (the BBC version!) I'm gonna have to go with ""Mr. Smith Goes to Washington"" and ""Roman Holiday"". Absolute classics and extremely moving. 31. Favorite Foods: Mexican Food is a must and I have a new addiction to sushi...don't forget a good steak Song Playing at the Moment: no music at work right now either...but, depending on the mood we get everything around here Metalica, Johhny Cash, Poison, you name it. 33.Toothpaste: Crest 34. Restaurants: Kirby Lane (Austin), Berryhill (Houston) 35. Flower: Lilies 36. Least Favorite Food: liver...I know it's the easy answer, but I've tried it and DID NOT like it. 37. Favorite Sports to Watch: Live - Texas Football On TV - tennis, basketball and football 38. Fast Food Restaurant: McDonald's 39. When was your last hospital visit: 3 yrs. ago when my nephew, Mack, was born 40. Favorite Drink? Frosty cold glass of Milk (at least 2%) or a nice glass of red wine...unfortunately, I usually go for the latter. 41. What color is your bedroom carpet? beige 42. How many times did you fail your Permit and or Driver's Test? zero 43. Where do you see yourself in 10 years? No idea...and that's the most exciting part. 44. Who is the last person that you got email from before opening this one? Cindy Richarson the organizer for Enron's running club 45. Have you ever been convicted of a crime? no 46. Which single store could you max out your credit card? It max out faster at Saks, but I'd have more fun digging for bargains at Saks Off Fifth 47. What do you do most often when you are bored? watch TV or read magazines 48. What words or phrases do you often hear overused? On the trading floor..""sh#*, fu&@, etc., etc."" 49. Friend who lives farthest away? Emily Hillegeist in London and my brother and sister-in-law in South Korea 50. Most annoying thing: Overuse of sex in advertising (Prime example, the Uncle Ben's rice ads...completely unnecessary. I mean come on, it's rice. How sexy can you make rice? 51." scott-s,"My bad...it's not Luke. I just called and I think they said the Hollisters. Anyway, the Radney Foster gig is extremely tempting but I really need to see my sister and the kids...depending on what Corey has to say though, I may just go to Austin Sunday and Monday. We'll see. Give me a buzz or drop a line if you want to get together." scott-s,"Suzanne, The flights sound great timing-wise and I know exactly where that hotel is located...being within walking distance of Pike's Market is always a bonus. I look forward to the visit as well as the opportunity to finally meet everyone I've spoken with in person. Thanks again, Susan" scott-s,"ok....i'm back at the desk. just reread your email and realized you're actually working at the cafe tonight...cool. as for the apt., the first really was bound to be more of a meet-and-greet, lay the groundwork situation so maybe it's just as well is was shorter. next week you'll be able to actually start examining things w/ her a bit more rather than merely establishing a starting point. i was reading a bunch of my ""With God All Things are Possible"" book last night and there was a passage that just totally hit home with me which referenced Jesus' reaction to a sinner who approached him. ""he neither condoned nor condemned the sin, he understood it"".....it think this is such an important perspective to gain not only in reacting to those around you but almost more importantly to yourself. (bear in mind that this is primarily me talk'n to me, but i thought you might take something away from it as well) like i said, i'm gonna stick around here for a while and then i will, of course, have the cell phone. good luck kick'n the cold. SueBob PS - if you need a non-drinking partner at the ""annual party"" i'm in...." scott-s,"hey mojo... sry about the missed call last night...had put my cell on silent mode for dinner and forgot to take it off. hope you had a good night. i really want to talk to you about the last week or so, sounds as if was an eventful one for both of us. i'm really curious to hear how your appointment went today so drop me a line if you get a chance today and we can set up a firm time to have a rap session. hasta," scott-s,"definitely ted actions...served no purpose, just made me feel rotten and reiterated what an ass he is/was. He actually said he can't inter-company date b/c is costs him money if he does ($60 a date). I told him it was a good thing he got so much in when he could. Enron Capital & Trade Resources" scott-s,"So if I can get tickets (actual seats...not standing room only) are you game for tonight? The concert starts about 8:30 so I figure we would try to get there early enough to get decent seats and possibly eat. Let me know. Sue Sorry no call last night...I passed out cold when I got home. Also, I'm dying to hear about the Jonatha Brooks concert. I had planned on going, but a high school friend's bachelorette party conflicted. I was really wanting to see Kim Richey...I'm wearing a hole in my CD." scott-s,"hey lis.... i'm sorry i was late last night and not in full party mode, i too was in a bit of a mood. anyway, was going to see if you wanted anything special for dinner tonight. i thought maybe i could cook something and that we could do presents etc while watching the ever popular felicity. let me know how your day is looking and if there is anything i can prepare/pick up tonight that strikes your fancy....i'd be happy to grab berry-hill as well if that would hit the spot. sue Happy Birthday again!!!" scott-s,"this is becoming somewhat redundant, but thank you. honestly, your endorsement of me with these people means a lot." scott-s,Please don't send me any more compression services emails. I have nothing to do with any of the information below and should probably not even have access to it...the Susan Scott you're looking for does not have the middle initial M. There is no middle initial shown for her in the system. Thank scott-s,Either option sounds good to me. Just send an email with the time and place when you guys figure it out and I'll be there. Enron Capital & Trade Resources scott-s,"Actually...I the first available appointment on Sat is 2:00 pm (right in the thick of beach time!!). I ended up making my reservation yesterday for 11:00 am tomorrow, I might be able to switch it to 10:00 though b/c they still had it open yesterday. However, the 11:00 may work out perfectly. That way when my treatment's done at 12:30 we could just start our day from there - lunch, shopping, etc. What do you think? I'm sure I can find some way to occupy myself for a couple of hours on Sat...no worries. Enron Capital & Trade Resources" scott-s,I just checked some of the air fare sights and there are flights available for around what I paid for mine....not sure what i'm going to do regarding the roomie...really will have to tell her soon. I'll be thinking. Let me know if you come up with anything. scott-s,"Hey Holly, Just wanted to let you know that I'll be back in Seattle this weekend (tonight - Sunday morn). Not sure what you're up to, but if our schedules allow it'd be nice to see you again and hang out. I'm staying at the Claremont downtown and will have my cell phone w/ me (713) 775-6472." scott-s,"Well...when i was there you liquated the P&L post-id everyday, so unless that's changed you will continue to do that everyday. For the last day of the month you will also want to liquidate the Official post-id as well. Look at the file I've attached and it will explain how to handle the Gas Daily book this month since the last day of the month is not a week day. The notes are in blue. Let me know if you have any other questions." scott-s,"Sorry I didn't return your call last week. I actually didn't check my voice mail until Friday after work and thus saw little point in calling back as you were probably in some remote area of pristine, scenic beauty by that time. Hope the camping trip was a rousing success and allowed you to reconnect with your old friends and old self. I am in desperate need of natural beauty and negligible pollution but have alas been trapped in Houston the past couple of weekends. I see a road trip in the not too distant future for myself, if only to get a way for a while." scott-s,"http://www.apbenergy.com/ Okay...so here's the link. Once you get to the sight, click on About APB and then Just for Fun. Once you're on the Just for Fun page click on Derby 2001 and go to the last picture on the first row. You can read the names from there. Hope the first day at the new office is going well. Give me a call sometime and let me know what the scoop is regarding Wednesday and the baseball game. I'm anxious to hear if you talked to Leslie again after the cryptic phone call on Saturday. Sue btw....not only no contact, but not said individual's not even logging into messenger...I think this where people tend to say ""stick a fork in" scott-s,"Any chance either or both of you could get together this week for coffee, dinner, ice cream, etc.? Also, are you all going to Deborah's wedding?" scott-s,"no problem...i've been good, just busy with the new job. all of the sudden i actually have time to do things so i spent the last weekend just trying to get my life re-organized. not a very exciting weekend, but extremely necessary. what's up with you?" scott-s,"Adriane, Thank you so much for helping me out Friday night. Just one of those things....you think you're doing great and the next thing you know you feel like you've slammed into a brick wall at 100 mph. I have now barred myself from any sort of contest with Bass (they always turn ugly) and have instituted a personal limit for myself. Hopefully, I'll find the maturity that was missing during our gathering at Teala's and will be able to stick to the new limit. Thanks again," scott-s,"here's the deal on the arm: just got bk from france late mon night- had lots of fun, race was ok, but looooong. triped on harry potter's cape and had to go in ambulance to emergency room to get x-rays on my arm at the finish line. quel surpris- sustain injury to my arm while running a marathon. as for tomorrow...talked to Em this morning and she's on her way to NB to meet with the tile people. said she'd be back either late tonight or early tomorrow morning. as for tomorrow night, she's waiting to see about grandparents, etc. but may be able to meet if it's early....she's supposed to give me a call later so i'll let her know about the colina's thing" scott-s,"Hey girls, Just wanted to let you guys know that Southwest has vacation specials to New Mexico right now. I priced up a 4 day/ 3 night trip with air/hotel/car to Albuquerque (we'd have to drive to Sante Fe...not bad, I've done it) and it came out to about $255 a person. Personally, I think this is a really good price. I was just wondering if there was genuine interest in taking this trip and if so what the best time would be to go. We could also check on getting flights from LA for Kasey and Jen. Anyway, drop me a line when you guys get a chance and let me know if I need to keep doing more research. I was figuring we could leave in a Thursday and come back on a Sunday." scott-s,"IT'S BEAUTIFUL WOMAN MONTH & TAG YOU'RE IT! [IMAGE] Well, it is and that means you and me. I'm supposed to send this to [IMAGE] FIVE BEAUTIFUL WOMEN, and you are one of them!!! Facts on Figures; There are 3 billion women who don't look like supermodels and only eight who do. Marilyn Monroe wore a size 14.[IMAGE] If Barbie was a real woman, she'd have to walk on all fours due to her proportions. The average woman weighs 144 lb. and wears between a 12-14. One out of every four college aged women has an eating! disorder. [IMAGE] The models in the magazines are airbrushed -- not perfect! A psychological study in 1995 found that three minutes spent looking at a fashion magazine caused 70% of women to feel depressed, guilty, and shameful. Models twenty years ago weighed 8% less than the average woman. [IMAGE] Today they weigh 23% less. [IMAGE] ~Beauty of a Woman~ The beauty of a woman is not in the clothes she wears, The figure she carries, or the way she combs her hair. The beauty of a woman must be seen from her eyes, Because that is the doorway to her heart, The place where love resides. The beauty of a woman Is not in a facial mole, But true beauty in a woman is reflected in her soul. It is the caring that she lovingly gives, The passion that she shows. The beauty of a woman With passing years -- only grows. [IMAGE] An English professor wrote the words, ""Woman without her man is nothing,"" on the blackboard and directed the students to punctuate it correctly. The men wrote: ""Woman, without her man, is nothing."" The women wrote: ""Woman! Without her, man is nothing."" The Images of Mother 4 YEARS OF AGE ~ My Mommy can do anything! 8 YEARS OF AGE ~ My Mom knows a lot! A whole lot! [IMAGE] 12 YEARS OF AGE ~ My Mother doesn't really know quite everything. 14 YEARS OF AGE ~ Naturally, Mother doesn't know that, either. 16 YEARS OF AGE ~ Mother? She's hopelessly old-fashioned. 18 YEARS OF AGE ~ That old woman? She's way out of date! 25 YEARS OF AGE ~ Well, she might know a little bit about it. 35 YEARS OF AGE ~ Before we decide, let's get Mom's opinion. 45 YEARS OF AGE ~ Wonder what Mom would have thought about it? 65 YEARS OF AGE ~ Wish I could talk it over with Mom. ***Please send this to at least five phenomenal women today in celebration of Women's History Month. If you do, something good will happen.... YOU will boost another woman's self-esteem! [IMAGE] ------- End of forwarded message" scott-s,"i'm a total dork....before my last trip to seattle i sent away for the visitor bureau's tourist packet... anyway, i was looking through it this weekend and it turns out i actually have a coupon for the symphony. nothing big, something like 10% off, but i'd just thought i'd let you know. hope you had a great weekend and i'll talk to you soon, Susan btw...i also have coupons for the IMAX and some other attractions." scott-s,"Sorry we didn't get much of a chance to chat last night, but I hope you had fun at steak night. It's too bad you didn't make it to Sierra's ( you could have seen a true dancing display by yours truly)." scott-s,What's up with tonight? The Tasters dinner is at 7:00 at some restaurant called Fire and Ice. Shot me an email or call when you get a chance and let me know the plan. scott-s,"hey i'm back at the office now....and if you're going to be back at 3:00 my time i'll just stick around. glad to here things went well. i'm running to the loo, i'll be back in a few minutes if you're still there..." scott-s,"Finally met Ashley Mace's man Saturday...ran into them at the cd store. He's seems nice, but not at all what I would've expected and/or pictured. It was strange to finally have a face to put with the image I'd conjured up." scott-s,"I know, I know....I dropped off the face of the earth for a while. I've actually been in Denver all week for a Natural Gas Convention. As for Labor Day weekend, I'm not sure if I'm going to be able to make it. I'm leaving for S. Korea next Tuesday and don't get back until the weekend before Labor Day weekend. So issue one is, will I have enough energy to make the trip? The other issue is a friend's wedding in Park City that same weekend. I'd feel bad skipping her wedding but still going on a trip. So.....I was thinking maybe it'd be better all around if I came a different weekend. Why don't you take a look at your calendar and let me know what other dates in September look good to you." scott-s,"Hey...was wondering if you want to split this month's electricity bill... Last month was $175.00, this month is $183.00 and we've also started paying for water (which was only about $20 last month). Anyway, just let me know...I won't make the full check out now if you want to split." scott-s,"Hey stranger, Haven't talked to you in while, how are things going? The trip was absolutely incredible. We went scuba diving, swam with stingrays and drank enough (rum for me personally) to drown a large school of fish. Anyway, I've decided I'm a no go for Austin this Thursday night. I'm already exhausted and Jen Bowles offered to drive Friday morning so I've decided to take her up on the offer. After the Caymans last weekend, Lisa's wedding this weekend and San Diego next weekend I've decided my best move is to try and conserve some energy. Regardless, I will see you and Doug Saturday night and we'll do our catching up then. My parents are coming to the wedding as well so I'm sure they'll want to have a nice chat with you and Doug." scott-s,"Karen, A meeting on this subject would be beneficial to many making decisions today. Please let me know when and where the meeting will be held if it is in fact organized." scott-s,"I'm probably heading out of here in a few minutes, so call me on my cell phone. Katy said she was up for going tonight too!!! I think she's going to come over to my apartment around 7 or so." scott-s,"i think i'd make an excellent ski bunny... fun, likes the outdoors/being active, loves the water (i.e. hot tubs) and can top anyone in the ""roaring fire/glass of merlot"" department." scott-s,"Starts at eight....would love to go, at least for a while. I'll give you a call later to discuss. Enron Capital & Trade Resources" scott-s,"Ina, I keep receiving this message and am uncertain of exactly what it is they need me to do. Could you take a look at it and fill me in on what action I need to take?" scott-s,"Hi Joe, Just wanted to introduce myself and let you know that I received my offer information from Jeff Rogers. Since we didn't have a chance to meet and talk when I was in Kansas City last week, I was hoping at some point we might be able to discuss the responsibilities you envision for me within your group. Please let me know when would be a good time for us to speak." scott-s,"Hey Tobin, Just wanted to check and see how you're doing these days. I was offered a job with Cascade Natural Gas in Seattle this past week. The salary is okay and the location is, of course, desirable but I'm just not completely sure about the job. I have a while to make the decision. They wanted an answer today, but I played hard-ball and told them I had to have more time (so silly, but it's very hard for me to do). In the meantime, I'm exploring every contact I can come up with. Anyways, you never got back to me and gave me any sort of idea about what your plans are post-school. I'm very curious to know what you're thinking on that front. Drop me a line when you get a chance." scott-s,"Hi Ashley, It's so funny that you emailed me today because I was just telling Jessica this weekend that I needed to drop you a line. Unfortunately, I'm no longer moving to London. I was offered a job here in Houston trading and just couldn't pass it up. However, I will definitely tell my friend Emily about the flat...she's always looking for ways to save a little bit of money. I'll also keep my ears open for any Enronites who are looking for places to live. Actually, the reason I was going to email you was to let you know I'm coming over to visit again this June. I will be in town basically the 6th through the 11th (flying in on the 5th and departing the 12th). I hope you're in town at least some of that time...I'm still frustrated we never had a chance to hook-up last time. Food for thought...there's an Eagles concert on the 9th and my friend already has tickets with some buddies... I'm was planning on just getting a single ticket and hopefully squeezing in with them, but if you have any interest please let me know and we could just get tickets together." scott-s,"Paul, So nice to hear from you. I hope things are going great for you as well. I'm actually going Laura Jahnke's wedding that same evening. Otherwise, I would have loved to have gone. Please tell Nathan I say, ""hello"" and wish he and his new wife the very best. So when does school start? And, how are the small businesses going? Have a nice time at the wedding," scott-s,"Hey buddy, Out of curiosity, what all are you bringing with you to San Antonio? I'm running into some problems in the area of cocktail dresses as I developed some noticeable tan lines from my trip. Oh well, I guess they're not that big a deal right? Also, do you just want to swing by my complex Friday morning to pick me up? I promise not to run too late." scott-s,"Trading'em up old chap....Jay was out Friday, yesterday and is still out today so the eastern rockies are all under my command. It's been a bit on the chaotic side the last two days so I've really just been trying to maintain sanity. As always, it is a pleasure to hear from you and I would love to gather sometime and flex the brain muscle on something other than bid/offer and spreads. Ciao," scott-s,"Actually, I'm thrilled you want to drive. I know I like to drive most of the time, but I'm not kidding about being exhausted and thus wanting to limit my exertion. I think we should shoot for leaving by 8:00 so that if we're running a few minutes late it's no big deal (as long as we're on the road by 8:30 we should be fine). I have no idea what I'm wearing yet either...oh well, necessity is the mother of invention, right? The trip was incredible. My life has done an absolute about face. Can't wait to tell you all about it. Talk to you later, Susan Enron Capital & Trade Resources" scott-s,"Hey Julie, Just wondering if you had any preferences regarding the spa times I emailed you yesterday. If you get a chance let me know and I will go ahead and make a reservation. Ciao," scott-s,Look'n sharp Mr. Scott....G.I. Joe eat your heart out!!!! scott-s,"I'm so sorry I've hurt you Boone...never my intention. I had no idea you were so fragile, you hide it well. Life at Enron is good but things have been pretty busy the last couple weeks. I went to New Braunfels last Friday to visit one of Lisa and my friends (actually it's the girl we visited in London) and then had a wedding to go to Saturday night. No big plans for the 4th as of yet. I'm still trying to figure out where I'm going to be...could be Houston, Austin or Georgetown. I know, I know...I'm such a jet-setter. How about yourself? Planning another famous Boone BBQ. Cooking commences at 3:00 am, right? Hope you're having a nice day." scott-s,"hey emily, was just wondering what you're going to be up to this weekend...found a pretty good deal to boston and was thinking about making a trip to visit....totally last minute thing obviously. if i did it, i'd get in saturday evening and leave either monday or tuesday...drop me a line when you get a chance." scott-s,"sorry i didn't get back to you sooner this week about dinner, but things have been crazy. my brother and wife left yesterday to drive to kentucky and their new base so most of my free time was spent with family...." scott-s,"Hey friend, I just got your card yesterday in the mail and am so thrilled that you've asked me to be a part of your wedding. I will try and give you a call later on today or tonight to talk in person, but I wanted to let you know ASAP that I will gladly participate in any way possible in the pre-wedding and wedding day activities. This really is such an exciting time in your life and I look forward to all of the festivities. Love, Sue PS - Trish Murphy is playing tomorrow night at the Mucky Duck if you have any interest." scott-s,you tell me...you're the one that is actually working these days. Would you mind mentioning it to Janie as well...I'd hate to not offer? scott-s,"Ina, Is there something I need to do in regards to this email. I appears some coding information needs to be filled out for my cell phone." scott-s,Next week sounds good to me too. If everyone wants to meet at Ale house for a drink today why don't we try right after work. Susan had a very big night last night and needs to be in bed early tonight as a result. I can't wait to hear about the honeymoon either!!!! scott-s,"Okay...On Friday they have openings at 10:00, 10:30 & 11:00 and Saturday there are openings from 2:00 to 5:00. Either works for me. The packages I'm looking at are about and hour and a half long and I thought to buy you some more time I could just visit all the shops. Here are the two packages I'm looking at...what do you think? (The lady at the spa recommended the second one) Fruit Body Facial: A double-exfoliating facial for the entire body leaving the skin feeling silky smooth and shining -- ideal before a wedding or a special occasion that's just right for that backless dress. You are first exfoliated with crushed Californian grape seeds followed by a light misting with an orange blossom aromatherapy oil. After a brief shower, you'll enjoy an all-over message with a facial quality message lotion. Then it's your choice of either an invigorating peppermint glycolic or a calming aloe vera/grapefruit finishing skin treatment. Benefits: Skin feels rejuvenated and healthy; circulation is stimulated and the skin has a healthy glow. Time: 90 minutes Pacific Paradise Body Scrub& Massage: Pineapple papaya lotion is the moisturizer and California grape seeds - nature's anti-oxidant - are the exfoliant in this 20 - 25 minute body scrub. You'll feel like island Royalty as warm coconut kuki oil is used as the lotion during a 50-minute message that completes the treatment. Benefits: Rough skin disappears as the powerful moisturizing properties of tropical oils sink deep into your skin. Time: 90 minutes Ta Ta," scott-s,"hey julie, sorry i've been MIA of late. i want to play catch-up with you, but i'm afraid i'd wear myself out typing. i was wondering if there was a good time for me to call (either during the day or after-work). let me know. hope all is going well. susan btw - i was wondering if anyone is throwing you a bridesmaid's luncheon the weekend of your wedding?" scott-s,"just an fyi... it's about 4:15 houston time and i'm planning on being at the office for a while (like maybe a couple more hours)...so, if you wanted to track me down i'd try here first. i'm studying...ha." scott-s,Hey Lisa.... I'm probably going to have to head out this evening. I'll call you on your cell phone to let you know if I'll be able to make dinner or not. Can't wait to see you guys. scott-s,"Hey Paul... If you're on the computer could you log into AOL. I don't have a phone near me to call you on, we need to go over these curves." scott-s,Way to go...very excited for you. You will HAVE to let me Monday know how things went. scott-s,"Date: 6/20/01 7:41 AM RE: Fwd: Fw: Warning - alcohol Alcohol warnings.... > > Due to increasing products liability litigation, American beer Brewers > have accepted the FDA's suggestion that the following warning labels be > placed immediately on all beer containers: > > WARNING: The consumption of alcohol may leave you wondering what the > hell happened to your bra. (Apparently this has happened to several > people?!) > > WARNING: The consumption of alcohol may make you think you are > whispering when you are not. > > WARNING: The consumption of alcohol is a major factor in dancing like a > retard. > > WARNING: The consumption of alcohol may cause you to tell your friends > over and over again that you love them. > > WARNING: The consumption of alcohol may cause you to think you can sing. > > WARNING: The consumption of alcohol may lead you to believe that > ex-lovers are really dying for you to telephone them at four in the > morning. > > WARNING: The consumption of alcohol may make you think you can logically > converse with other members of the opposite sex without spitting. > > WARNING: The consumption of alcohol may make you think you have mystical > Kung Fu powers, resulting in you getting your butt kicked. > > WARNING: The consumption of alcohol may cause you to roll over in the > morning and see something really scary (whose species and/or name you > can't remember). > > WARNING: The consumption of alcohol is the leading cause of inexplicable > rug burns on the forehead. > > WARNING: The consumption of alcohol may create the illusion that you > are tougher, smarter, faster and better looking than most people. > > WARNING: The consumption of alcohol may lead you to believe you are > invisible. > > WARNING: The consumption of alcohol may lead you to think people are > laughing WITH you. > > WARNING: The consumption of alcohol may cause a disturbance in the > time-space continuum, whereby small (and sometimes large) gaps of time > may seem to literally disappear." scott-s,So do you have any ideas/plans for brunch on Sunday...my guess is there are a ton of places with special Easter Brunches. I just thought maybe you had a regular spot. Let me know. scott-s,"hey... i actually just filled my change of address form out this morning...i figured you'd already done yours. i'm leaving for the airport straight from work tonight and don't get back until sunday night. i can fill it out monday, but if you would like it done before then you may want to try and tap someone else for the job. the reason monday is important is b/c someone wants to rent our place and i've told the complex that i'll be completely out by the end of the day monday. so starting monday night i'm back in northwest houston and w/out a mail key. on the bright side, i'm getting a fair amount of money back from the january rent (which means we're cool rent wise, i.e. you needn't give me any $ for january). i do have an interview in seattle tomorrow morning...i'm nervous and excited. i've been studying a bunch for the last week and a half or so to try and prep myself. i think i'm more nervous about not liking the job rather that liking it or not doing well in the interview. also, i'm going to see ""kiss me kate"" the musical w/ my friend up there so that should be fun. i'm glad to hear that things seem to be going so well for you there, you sound awfully busy. keep us posted on all your many activities. Sue -- i knew you were going to take like a fish to water w/ this thing.....never should've worried so much." scott-s,Just called...they're going to put it on our door tonight. We just have to sign it and stick it in the night drop. scott-s,"I was walking with the trader I work for when you called, so it was obviously a little difficult for me to discuss Vegas at the time. If you get a hankering to talk in the morning you can try me on my cell phone ( midnight - 2 am isn't too late for me, which I think is between 6-8 am your time, right?). I know this is obnoxious, but I can't talk to Lisa about this and I need a co-conspirator." scott-s,"George, You'll be taking the May'01 Options out of the file today (Monday) and adjusting the P&L to reflect the May option value. Stop by if you have any questions." scott-s,I'll see you guys there. Enron Capital & Trade Resources scott-s,"I couldn't agree more...Happy Holidays! Sue Paul Harvey writes: We tried so hard to make things better for our kids that we made them worse. For my grandchildren, I'd like better. I'd really like for them to know about hand me down clothes and homemade ice cream and leftover meatloaf sandwiches. I really would. I hope you learn humility by being humiliated, and that you learn honesty by being cheated. I hope you learn to make your own bed and mow the lawn and wash the car. And I really hope nobody gives you a brand new car when you are sixteen. It will be good if at least one time you can see puppies born and your old dog put to sleep. I hope you get a black eye fighting for something you believe in, I hope you have to share a bedroom with your younger brother. And it's all right if you have to draw a line down the middle of the room, but when he wants to crawl under the covers with you because he's scared, I hope you let him. When you want to see a movie and your little brother wants to tag along, I hope you'll let him. I hope you have to walk uphill to school with your friends and that you live in a town where you can do it safely. On rainy days when you have to catch a ride, I hope you don't ask your driver to drop you two blocks away so you won't be seen riding with someone as uncool as your Mom. If you want a slingshot, I hope your Dad teaches you how to make one instead of buying one. I hope you learn to dig in the dirt and read books. When you learn to use computers, I hope you also learn to add and subtract in your head. I hope you get teased by your friends when you have your first crush on a girl, and when you talk back to your mother that you learn what ivory soap tastes like. May you skin your knee climbing a mountain, burn you hand on a stove and stick your tongue on a frozen flagpole. I don't care if you try a beer once, but I hope you don't like it. And if a friend offers you dope or a joint, I hope you realize he is not your friend. I sure hope you make time to sit on a porch with your Grandpa and go fishing with your Uncle. May you feel sorrow at a funeral and joy during the holidays. I hope your mother punishes you when you throw a baseball through you neighbor's window and that she hugs you and kisses you at Christmas time when you give her a plaster mold of your hand. These things I wish for you through tough times and disappointment, hard work and happiness. To me, its the only way to appreciate life. Send this to all of your friends who mean the most to you. We secure our friends not by accepting favors but by doing them. __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail." scott-s,"I'd love to indulge you all with a repeat performance but I fear alas my liver would go on strike, and from what I understand the liver is a fairly vital organ...my stomach already expressed it's frustration with my behavior last Friday. Despite all of this I still look forward to engaging in engrossing AND coherent conversation with those of you who decide to show tonight. Susan By the way, do we have a particular time in mind?" scott-s,"Hey....my phone's not on at the apt anymore...therefore i'm only checking Hotmail at my folks. If you want to reach me quicker, i'd recommend the enron address...i should be back to daily access with hotmail shortly. Hope you had a great New Year!!!!" scott-s,"I don't know about the seating. Do you have NCL tonight? I can't remember if it's Monday or Tuesday. Anyway, if we got there early enough, say 7:30 or 8:00, I bet we could find somewhere to sit. Is that something you'd be able to do?" scott-s,"Thanks Theresa. Do you know if Paul did a deal with EJW for July? Also, do you know why the PSCO deal with Petrogulf is in the system as 265 on the supply side? I thought the deal was for 360 w/ a 10% swing capability." scott-s,Vegas trip was pretty interesting. Give me a call tonight if you get a chance. Try the cell phone any time after 4:30 (Houston time) - (713) 775-6472. If I'd spent any longer than three days in that town I'd be dead right now. I think the earliest I made it back to my room was around 6:45 am. scott-s,"I've got an opinion now...I think we should fly into Brescia (Italy). We could fly in and cab it to Brenzone. It's on one of those amazing lakes in northern Italy (Lago di Garda). You can go to Gardaworld.com and then just click on photo gallery and Brenzone to see what it looks like...absolutely amazing. It would be a fantastic trip in my opinion - Lots of great wine. Plus, you can be the exchange rate from Pounds or Dollars to Lire." scott-s,I believe this was intended for the other Susan Scott. I'm Susan M. Scott and work in natural gas trading. scott-s,"I promise I'm not trying to rub it in....actually, I was just going to do the spa thing to give you study time but if you don't need it (and you'd rather go shopping, etc.) let me know and I will forget about it. I must admit though that an hour long massage sounds wonderful. Sue Enron Capital & Trade Resources" scott-s,"""Big"" performances I'd like to/be willing to see: Dixie Chicks (2/12) Lyle Lovett and Martina McBride (2/18) Emmylou Harris, Alison Krauss, Patty Loveless and Nickel Creek (2/23) Willie Nelson and Lee Ann Womack (2/26) ""Legends of Rodeo Houston in Concert"" (3/2)....really, how can we miss this one? George Straight (3/3) Lesser knowns/has beens at other venues: Statler Brothers (1/17,1/18) - Galveston Oprea House Kenny Rogers (2/2) - Arena" scott-s,"Sounds good...I failed to comment on your movie question. No, I haven't seen any lately so that sounds good to me too. I've been going crazy on the internet today looking for things/places to do/go. Anyway, I was also remembering how wonderful getting that massage was last time I was there and wondered if you knew of a good spa close by your place that maybe we could both go to ( or I could go to while you're studying). Just a thought. Enron Capital & Trade Resources" scott-s,"look at you...such a hoax spreader...ha anyway, i was so busy yesterday i didn't have a chance to do anything about it anyway. so no harm, no foul. how are you doing? as for Enron, as you well know our stock's not doing so great these days, but i'm not overly stressed...we are still a sound company and shouldn't have any difficulty rebounding from this to a certain extent....i'm actually thinking about buying in to a greater extent at these levels. can't wait to hear how your preparations are coming along...for the wedding and the move. btw, have you set a firm date yet? talk to you soon," scott-s,"Charles Bradley & Sally Scott 10802 Jaycreek Houston, TX 77070 I'll try giving you a call tonight just to catch up and see how things are going. Were you planning on going walking?" scott-s,jees.... sounds like loads of fun at the hillegeist household. i'll give you a buzz later. buck-up little camper...only 7ish months to go until sweet escape. scott-s,"so i talked to bryan last night...after a few ritas and beers. supposedly we're going to do something tonight. very curious how this will all pan out. i do kind of feel ""old"" around him. not because he's immature or anything of that nature, but because i've been out and working for 2 yrs now and he's living at home with his parents and planning on going back to school...just feel like i'm in a very different place. of course, as usual, i'm giving this way too much thought. Susan really wanted to go to the firehouse...maybe i can tell him i have to be home early and i could meet you (and Katy) there later? i'm so bad." scott-s,"Hey Holly, Just wanted to let you know that I'm flying in Sunday evening for an interview on Monday. Bonnie and I are talking about going out to dinner, nothing big, and were wondering if you might have any interest. Let me know your thoughts and if I don't here back from you via email I'll just try giving you a buzz this weekend. Hope things are going well." scott-s,"It's been quite a while since we caught up on things. How are you doing these days? Things here are pretty good. I went about a month ago and visited Emily in London and have been busy with work, etc. Hope you had a good Fourth of July!!!" scott-s,"hey denver, let me know if this email reaches you. i was trying to figure out your yahoo messenger name." scott-s,"TOBIN!!!!!......i was deceased, but i have arisen from the ashes....HOW ARE YOU? I want to hear all about the UK and how you are fairing there. If i can manage, it I'd love to make a trip over there and see your pad, etc. Sorry you never managed to meet up with emily, but she was actually in the US when you emailed and then only back in London for about a week to pack up and head home. So you need to give me a kind of schedule for where you're going to be and when...(i.e. UK vs. US for holidays and what not). If you have a Messenger account let me know...i'd love to chat ""real-time"" with you. Susan BTW: I'll be in Portland mid-November for work...if you happen to be home then, I'd love to see you...otherwise, any suggestions would be much welcomed." scott-s,"Drop me a line and let me know when you think you'll be getting in on Friday. Also, did you have any interest in doing something Friday or Saturday night?" scott-s,"Okay, I'm in for driving together on Friday. Although I'd love to see my sister and her family in Austin, I decided last night that I'm just too tuckered out to make this weekend any more exhausting than it's already going to be. So...we just need to figure out what time we're leaving on Friday morning and who wants to drive. I'm going to map out all of the directions for the weekend today so I cut down on my frustration level in regards to San Antonio. Absolutely no more getting lost for Susan...zapps my energy. Talk to you later," scott-s,"hey holly, just wanted to let you know that i'll be in seattle again this weekend. i'm coming up for a second interview with cascade natural gas. i fly in thursday evening and leave monday, so if you're in town we'll have to get together some night. hope all is well and i'll talk to you soon." scott-s,"I'm intrigued...what prompted the cooking class? If you do end up in Austin tomorrow night, we'll have to try to get together." scott-s,"I'm sure she knows you're CC'd her on the email...she wants you to witness the flirtation. She told me about the exchange last night and was wondering how he got your email address. I told her I sent it to him. She said, ""I didn't think you knew his last name?"" To which I responded, ""I didn't , but I called you and got it remember...I thought I told you I was emailing him to give him Emily's email address. I'd promised him at Kenneally's that I'd send it when I got the chance."" Lisa was none to pleased with me...she wants you to have nothing to do with him, but I told her she has to share the wealth and quite being such a boy hog. I promised her we'd find her a new boy toy closer to home. Speaking of which, she and Mitch had the ""let's just be friends talk"" last week ( which I think was the right move ). Glad you got some good sleep last night, but we need to chat when you get the chance (and not while I'm at work), so give me a call on the cell phone sometime. Nothing bad, just a good little story. Sue Enron Capital & Trade Resources" scott-s,"Caycie, That's great. I look forward to the day. By the way, are you coming in town this weekend for Deborah's wedding?" scott-s,have you been getting my emails? i gave this address to moscoso and he said it didn't work. scott-s,"> > > > This, from a Canadian newspaper, no less, is worth sharing. > > > > > > America: The Good Neighbor. > > > > > > Widespread but only partial news coverage was given recently to >a > > > remarkable editorial broadcast from Toronto by Gordon Sinclair, >a > > > Canadian television commentator. What follows is the full text >of his > > > trenchant > > > remarks as printed in the Congressional Record: > > > > > > > > > > > > > > > ""This Canadian thinks it is time to speak up for the > > > Americans as the most generous and possibly the least > > > appreciated people on all the earth. > > > > > > Germany, Japan and, to a lesser extent, Britain and > > > Italy were lifted out of the debris of war by the Americans who >poured > > > in > > > billions of dollars and forgave other billions in debts. None >of these > > > countries is today paying even the interest on its remaining >debts to > > > the United States. > > > > > > When France was in danger of collapsing in 1956, it was the >Americans >who > > > propped it up, and their reward was to be insulted and swindled >on the > > > streets of Paris. I was there. I saw it. > > > > > > When earthquakes hit distant cities, it is the United States >that >hurries > > > in to help. This spring, 59 American communities were flattened >by > > > tornadoes. Nobody helped. > > > > > > The Marshall Plan and the Truman Policy pumped billions of >dollars into > > > discouraged countries. Now newspapers in those countries are >writing > > > about the decadent, warmongering Americans. > > > > > > I'd like to see just one of those countries that is gloating >over the > > > erosion of the United States dollar > > > build its own airplane. Does any other country in the world >have a plane > > to > > > equal the Boeing Jumbo Jet, the Lockheed Tri-Star, or the >Douglas DC10? >If > > > so, why don't they fly them? Why do all the International lines >except > > > Russia fly American Planes? > > > > > > Why does no other land on earth even consider putting a man or >woman on > > the > > > moon? You talk about Japanese technocracy, and you get radios. >You talk > > > about German technocracy, and you get automobiles. You talk >about >American > > > > > technocracy, and you find men on the moon - not once, but >several times > > > and safely home again. > > > > > > You talk about scandals, and the Americans put theirs > > > right in the store window for everybody to look at. Even their > > > draft-dodgers are not pursued and hounded. They are here on our >streets, > > > and most of them, unless they are breaking Canadian laws, are >getting > > > American dollars from ma and pa at home to spend here. > > > > > > When the railways of France, Germany and India were > > > breaking down through age, it was the Americans who rebuilt >them. When > > > the Pennsylvania Railroad and the New York Central went broke, >nobody > > > loaned > > > them an old caboose. Both are still broke. > > > > > > I can name you 5000 times when the Americans raced to the help >of other > > > people in trouble. Can you name me even one time when someone >else raced > > > to the Americans in trouble? I don't think there was outside >help even > > > during the San Francisco earthquake. > > > > > > Our neighbors have faced it alone, and I'm one Canadian who is >tired > > > of hearing them get kicked around. They will come out of this >thing with > > > their flag high. And when they do, they are entitled to thumb >their nose > > > at the lands that are gloating over their present troubles. I >hope >Canada > > > is not one of those."" > > > > > > Stand proud, America! > > > > > > +++++++++++++++++++++++++++++++++++++++++++++++++ > > > > > > This is one of the best editorials that I have ever read >regarding the > > > United States. It is nice that one man realizes it. I only wish >that the > > > rest of the world would realize it. We are always blamed for >everything, > > > and never even get a thank you for the things we do. > > > > > > Maybe each of you can send this to at least one person > > > and they might send it to one of their friends until this >letter is sent > > > to every person on the web. I am just a single American that >has read > > > this. > > > > > > > > > > > > > > > > > > > > > > > > > > Get your FREE download of MSN Explorer at" scott-s,So transparent....I will pay you good money to hook-up with this guy. Would get hours of enjoyment from such an event. scott-s,"Hi Chris, I just wanted to follow up with you and see if you had a chance to look over my resume. I realize I may not be exactly the candidate you had in mind when you first spoke with Larry, but I would very much appreciate the opportunity to speak with you and discuss any opportunities you may have available at this point. As Larry can attest to, I've had responsibilities at Enron that span from back office to trading. To that extent, I believe I could prove to be a valuable asset within any organization." scott-s,"Are you sure you have the right Susan Scott? If this is for Click at Home, I've already received my computer. Try the Susan Scott with legal...her extension is 30596. Thanks Linda J Noske 04/17/2001 06:07 PM To: Susan M Scott/HOU/ECT@ECT cc: Subject: Your Computer I need your social security number for Earlene O'Connell who will be ordering your computer. Thanks." scott-s,"I know I've thoroughly enjoyed all the commentary. I can honestly say, I think this is the first time I've been invited to an Aggie happy hour....and to that end, kudos to all those who opted out of Sam's Boat...you now may be forced to deal with a longhorn interloper." scott-s,Any interest in going to the Rockets game tonight. I have free tickets and it may be Hakeem's last game. Let me know. scott-s,it was good....i'm actually heading out right now. call me later. scott-s,"Hope the presentation was a rousing success. For future reference I would highly recommend calling me on my cell phone (713-775-6472) instead of the apartment phone. Lisa ALWAYS answers that phone...in fact, she usually doesn't even give me a chance if she's there (who on earth would be calling me?). We'll keep working on the ""trip"". I'm sure something wonderful will come up and it will be a fantastic endeavor." scott-s,i'm so hurt...you deleted me? :( it's: scott-s,"I actually think we have the Monday off (Sept. 3). So, ideally I'd fly in Friday evening and fly out Monday afternoon. I'll email more later, but just thought I'd give you a heads up." scott-s,"Thanks for thinking of me (the ride back was lovely - lots of gummy food items and carbonated beverages)...i'm very tired from all of the weekend activity though and don't see much rest in my future. Oh well life is short, right? I'm so glad we were able to spend some time together this weekend, and that you got a chance to meet my parents. I'm going to have to make a trip up to Austin soon for a visit to make sure you're hitting all the must sees/eats. By the way, how long are you going to be there? Susan Maybe I'll hit an ""Eaters"" outing. Enron Capital & Trade Resources" scott-s,"Going to hear some live music tonight at Dan Electro's Blues Jam in the Heights...excited to try something different. However, I am ditching Kates, Lis, and Laura J. so mums the word. Just don't feel like having a dinner filled with cotton candy chat." scott-s,"In order that people may be happy in their work, these three things are needed: they must be fit for it; they must not do too much of it; and they must have a sense of success in it. -John Ruskin, author, art critic, and social reformer" scott-s,"You still interested in going to the Firehouse on tomorrow night? I just checked my messages at home and Bryan called last night...at 9:45! I was already passed out. I know I'm an old bitty, but that is just too late to be calling a working girl when you're looking for a date Wednesday or Thursday night. Anyway, I will give him a call this afternoon but I might suggest we just do something when he gets back from his trip. I talked to Katy last night (before he'd called) and told her about the firehouse...she's definitely interested. Let me know what you think." scott-s,"We know about Merle...don't know if I'll be able to go though b/c I have to be in San Antonio at a bridal luncheon by 12:30 on Friday. There's no reserved seating anyway so I think I might be a bit of a mess (remember how crowded the Bellamy Brothers were?) As for the trip over...I'm arriving on the 6th ( Wednesday morning at 7:45) and I'll be leaving the morning of the 12th. Not perfect, but if something looks appealing on the mid-week trip front let me know. I'll have a total of 6 full days over there. Plenty of time to do something interesting right? Sue I'm not going to tell Lisa for a little while, so mum's the word....hopefully she'll already have booked her own flight. Enron Capital & Trade Resources" scott-s,"Well, I think I managed to adequately disturb her yesterday. Not only did I go to the Menil collection by myself (can you imagine?)...I also went to berryhill and ate dinner solo. When I got back to the apartment she said I should've called and she would've met me for eats. My immediate response, ""Actually, I needed some solo time."" Subject closed. As for the lease, brought up the subject and it went pretty much no where. Discovered we could sign a year lease and if she decides to up and go I can move into a one bedroom if I give the complex 30 days notice...which is what I'm figuring we'll end up doing. I also told her that I got my airplane ticket through council travel on British Airways leaving the 5th and returning the 12th (via email yesterday) and she didn't mention it last night. Who knows? I'm not going to mention it anymore, it's up to her. And ditto on the witty repartee." scott-s,"""....also, some annoying requests- katy forgot all the minutemade frozen limeade she'd promised to bring for our Eagles marg party, and the jerky from dad - suspiciously, she remembered my pocket-sized neosporin tube......but anyways, it would be FABULOUS if you and lisa could each cart over 3-4 tubes of the limeade wrapped in plastic (carry-on....obviously could be ugly in non-pressurized cabin in suitcase!) doesn't matter if thaws, but will need approx 7-10 tubes for the festivities, plus, dad has that great turkey jerky from NB to send along...."" Fear not, I have the turkey jerky. Address...118 Portland Road (the postcode is W11 and the tube stop is Holland Park) Phone #...011 44 2072 43 1926 (this is with the country code so I'm not sure exactly what you dial in London, I know you have to knock off the 011 and possibly the 44) If you end up taking the tube you'll walk out of the tube station and take an immediate left. Walk roughly two blocks and then take another right onto Portland Road. There will be a pizza place right on the corner. You'll walk all the way down Portland road until it looks like the road ends in a cul-de-sac. The roads actually continues on the other side of a little bricked area with benches (a place called Janie's Wine Bar will be on your immediate left). Emily's flat is in the row of flats to your right and the number is on the door (which if I remember correctly is blue). See you there," scott-s,"I've never run that file since it was split out, but my guess is you need to add any prior month adjustments and broker fees to today's file. Tomorrow you will want to roll the file over to the new month...Errol should be able to help you with that. Make sure you also follow the Liquidation instructions for the gas daily post-id's...you can find them on that color coded sheet George has. Swing by if you need anything else." scott-s,"I actually do know that girl...helped recruit her a year or so ago. She always seemed nice to me and normal, but I'll ask around and see what I turn up. Yes, I am still coming over there. I get into London on the 6th of June and fly out on the 12th. Please let me know if you're going to be in town during that time. I really want to try and get together while I'm there. I may be going elsewhere the 6th thru the 9th (my friend, Emily, wants to take a little trip somewhere) but I will definitely be in town Saturday night through Monday...let me know. I was very excited to hear about Caycie too." scott-s,"I'm kind of between places right now, so it's probably best to just send things to my parents house 10802 Jaycreek Houston, TX 77070 and I would suggest trying to reach me via my cell phone: 713-775-6472 i guess i'll see you at the next tasters!!!" scott-s,"I know...I'm a peach. Ha. Anyway, dinner was really good. We had spaghetti (which John cooked), garlic bread and some of the red wine I'd brought over. And, we watched Crouching Tiger which I loved. You were right, it is a very woman take charge film." scott-s,"Stopped by Em's last night before coming home and she'd mentioned trying to do Austin this weekend. She'd already talked to Katy and it sounded like Katy was interested in Austin tomorrow night and then maybe Gruene on Saturday night. Anyway, wanted to let you know and see if you had any interest. Emily and Katy would probably try to leave early tomorrow to stop in Round Top and do some antique shopping...so, if you think you could leave the office around 5:00 or so (of course earlier is always better) we could ride together and at least get on the HOV lane. As it stands right now I think we're going to have stay in hotels both nights and we of course currently have no reservations, so it could get interesting." scott-s,"Actually, I think this may be for you...I see Christi Nicolay's name on the distribution as well and I usually assume emails with her name attached are intended for you. Let me know if this isn't the case." scott-s,"See...I told you you were invited. I think I must have dropped the invitation or something. Let me know what you think. I'd been planning on going to the Kim Richey concert Sat night at the Fab Satellite Lounge (along with Corey, Doug, and yourself if you were interested). Honestly think I'd rather go to the concert, but I would feel somewhat guilty. What are your thoughts?" scott-s,"You are absolutely the BEST Tobin... I think I'm flying back up to Seattle next weekend to have a second-round interview with Cascade. However, I must admit I'm intrigued by you and your father's very diverse connections in that area of the country. Hope you are doing well and that Merry Old England is treating you properly. No rush on getting back to me, I just wanted to make sure you received the email and had whatever answers I had to give. BTW....I'm celebrating my first quarter century today! Quite a milestone in one's life. I have to love that I'm essentially unemployed and living with my parents. Big pat on the back for that one. Ha. Ciao, Susan Question: Do you think you will return to the PNW when you finish with school...we hadn't really talked about your future plans and my curiosity is peaked." scott-s,"like the pendulum would be anything different after one of those...i was considering a position as fry master at Mc D's i now completely understand suzanne's comments about condescension....i feel it non-stop. the ""watch out""...""maybe i should get my resume together"" comments are rubbing me the WRONG way. i need to give thomas a call...i feel a boxing urge coming" scott-s,Still working on it...have to talk about the apartment and leases tonight. Talk about bad news bears! scott-s,"Hi John, I've been trying to get a hold of Julie this morning, but am not certain if she is in the office today. My current situation has become somewhat interesting over the last several days and I was hoping to be able to talk over some things with her. If Julie is in fact out of the office today would you mind if we talked at some point. I'm under some deadlines around here and would be very grateful to have an opportunity to discuss things with Julie or yourself." scott-s,"Julie, I don't know if I told you before, but I'm leaving tomorrow for a long weekend in the Caymans with my new group. I can't tell you how much my life has changed in the last three weeks. I'm getting out of the office no later than 6:30 everyday (and it's usually closer to 4:30-5:00) and I actually have time to do other things with my life. I went to the symphony last week, am going to a reception at the MFA next week, joined a volunteer organization geared toward young professionals and am thinking about joining the church I've been going to the last couple of months. All in all life has improved. Still nothing new on the guy front, but I'm in no rush so it's not that big a deal. I am so excited about my trip out to San Diego to see you. I promise to be well rested and ready to shop, eat and go out....or just sit on the beach. Like I said before, I'm up for anything. Hope things are going well with you, the job and Brendan. Drop me a line if you get a chance and let me know what's new in your life." scott-s,Thanks Shannon...I appreciate all the help you've given me over the last year and would be happy to return the favor in the future if there's anything you need. Good luck to you as well in your own endeavors. scott-s,"Ships passing in the night....I'm glad you get to see the fam this weekend. Be sure to tell everyone I say, ""Hello!"" As for the zoo, I am a huge fan. It's the only zoo I've ever been to that I don't feel sorry for the animals. It's too bad things weren't better co-ordinated but I think my weekend's going to be pretty full regardless. Have a great holiday weekend and I'll talk to you soon. Sue Em's in the Canary Islands this week...can you believe that little brat? Enron Capital & Trade Resources" scott-s,"Hi Wei, The PWC guys said that 1:30 would be fine. I have also asked them to email Chris and Bjorn with their requests. If it is alright with you, we will plan to meet at your desk at 1:30. What is your location again?" scott-s,"Emily, Thanks for the birthday wish. I'm still working on a good time to visit, so I'll keep you posted. Hope all is well with you and be sure to say, ""hello"" to Thomas for me. I'll shoot you an longer email when I get a chance and fill you in on all the fun stuff I've been going through around here." scott-s,"I've been wondering if you were alive....sorry I missed your call last Thursday, I was in a meeting. We seem to be in meetings for several hours everyday lately. Anyway, did you have the ""Welcome Back Emily Party""? If so I'm guessing you've been recovering for a couple of days. Hope the paper(s) is/are going well." scott-s,"Hey guys...wanted to see what your availability is for this afternoon. Also, would you mind emailing the two individuals Wei listed and outline for them exactly what information it is you're hoping to locate." scott-s,"Lisa, This article's pretty good and it does mention India in some context, so I thought you might be interested. The India comment is several paragraphs in to the article. http://www.msnbc.com/news/639344.asp?pne=msn" scott-s,"Sorry I never got back to you last night...I ended up going to grab dinner. I'm still up for this evening if you are. The ""show"" starts at 8:00 and I think it's about a $10.00 cover. Either shoot me an email or I'll give you a call a little later this afternoon. I don't think I have you work number anymore though, so if you wouldn't mind giving that to me again that would be great. See ya later, Susan Enron Capital & Trade Resources" scott-s,"Hi Ivonne, I opened up new bank accounts recently and need to set up direct deposit for my pay checks and expense reports. Could you let me know what all I need to do to have this set up? I have already filled out the form available on eHRonline.com. If you could either email me with the instructions or call at ext. 31455 I would appreciate it." scott-s,"I just realized that I hadn't emailed you yet...shame on me. Em and I (yes, it was just the two of us in NB...oh the shame) tried to call you on New Year's Eve, but you had already checked out of your room and I assume were staying with Priyah (I know I butchered that) whose last name I do not know. Anyway, I did talk to your Mom the day you arrived in Madras and knew you were there safe and sound w/ a new friend too boot! Hope you're doing okay and starting to adjust to the new surroundings. Email me when you get a chance and let me know all about your trip. Good Luck and talk to you soon," scott-s,What's the scoop golf-pro? Are you in for tonight? FYI: The weather is gorgeous outside. scott-s,that's exactly the sense of pride in ourselves and our country we need to be displaying right now....go for it!!! scott-s,Sorry about the last email...hadn't read this one yet. Linda J Noske 04/17/2001 06:07 PM To: Susan M Scott/HOU/ECT@ECT cc: Subject: Disregard earlier e-mail.............wrong Susan........sorry. scott-s,The original message is encrypted using Lotus Notes Public and Private Key security. Encrypted messages cannot be migrated to Microsoft Exchange Server. scott-s,"Actually, I think the PWC guys will be contacting you to talk about the information they're hoping to locate. I believe we're going to try to meet with Wei Hu this afternoon to discuss primary and secondary curve mapping/tables." scott-s,"Julie, I just wanted to write and thank you again for affording me the opportunity to visit with you and all the other members of the Puget trading team. It was unfortunate we were unable to meet again before my departure so that I could have expressed the above in person, but email will have to suffice. I very much enjoyed meeting with John, Mark, Dana and yourself, as well as with the other members of the gas and power staff. You have a unique operation and one which appears to have many untapped opportunities that will undoubtedly make your time with the company fairly interesting for the foreseeable future. I wish you the best of luck in your endeavors and look forward to speaking with you again in the future. I went ahead and mailed all of my travel information, including receipts, to Jaquelyn Lewis as see was mentioned as the travel contact in one of your previous emails. If there are any other measures I need to take on that front please let me know. My previous difficulties with my other email service have been resolved. Therefore, all of my future contact will most likely be through that email address. In light of this, I simply ask that you direct any future email correspondence to: susan_m_scott@hotmail.com Once again thank you, Susan" scott-s,"I may cruise over to this place later with my work friend Monique...would you have any interest in going? Regardless, I'd still like to get together for dinner or a drink after work. Drop me a line and let me know if you're still up for doing something. Sue Dan Electro's Guitar Bar The bluesy music at this six-string bar has drawn celebrities and scenesters for years. Bar/Club Profile The Scene The bar's large courtyard, canopied entirely by trees, makes outdoor conversation pleasant even on Houston's sultry summer nights. The Sound Patrons (""real nice folks"") can settle in among the guitars with $2 draft beers and enjoy an eclectic sampling of music, from blues to alternative country, rock to folk. Electro-fying Blues Thursday night's blues jam has been going on for more than 10 years and shows no signs of letting up, especially since it draws the likes of Greg Allman and Richard Gere. If you're really lucky, you might even catch Jim, the owner, wailing away onstage on one of his own Danelectro guitars. Melanie" scott-s,"Couple other things Theresa...Do we have Sinclair numbers for July? And, are the Thermo numbers in Sitara good?" scott-s,"I know, I know. It's still weird to me. While I thought it was great that Lisa was holding back on the physical side of this relationship early on...I'm beginning to wonder if she really likes him, or just likes having someone to talk to who will cater to her. I mean, I'm all for prudence when it comes to the physical side of relationships, but after a month of constant contact and interaction I would have to question the fact I didn't feel compelled to completely jump the guy. That's not to say I would, but I'd still have to question the lack of desire to do so. I just don't get the impression that she is that attracted to him. Seems more like ""good buddy"" to me. I think she misses the Matt's, Alan's, Thatcher's, etc. that she got that from in the past. On the plus sides, he is a very happy person who loves to smile and is pleasant to be around. I just get squeamish watching people cuddle so much. I'm having flashbacks to sharing a room with Jen when Craigers was in the picture. It's not a pleasant memory, trust me. I do think it's weird that Lisa never wants me to leave their presence...they both questioned me when I took off to bed last night around 9:30...I just wanted out. Sue Enron Capital & Trade Resources" scott-s,I will be staying at the office later than I initially anticipated this evening. If either of you are able to talk simply let me know the time and I will give you a call. scott-s,"Yes, I am going home before the reception and am going to have Katy meet me at the apartment around 6:15 (at least that's what time I'm telling her). If you want to tell Laura to meet at the apartment around that time too, I will be there to greet her. I'm going to drop off some dry cleaning, finish my laundry and clean up a bit before they get there. I'm so glad everyone is up for this outing...we are so culturally aware. So that's the plan. I suggest we eat somewhere around the Museum District...I'll do some research this afternoon. Talk to you later," scott-s,"Hey Courtney, I just wanted to make sure you got my membership check last week. If you didn't, or if there's anything else I need to do, please let me know." scott-s,"It's a very mixed web of information and people...it may take a while, but someone knows where all this information lies. Ganapathy is a great information source." scott-s,What do I need to do to get the VCR fixed....I NEED to rent movies!!!!!!!!!!!!! scott-s,"Hi Jose, I just wanted to check in and see how you are doing these days, and more importantly where you are? I'm still at Enron right now working for the ""estate"". I've been interviewing and have a few offers, but am not completely sure what I will be doing. Hope all is well with you and I'd love to hear what is going on in your life." scott-s,"hey lisa.... what's the scoop with tasters tonight....time and location? i think i'll try to come, even if it's just for a quick drink with the gang. see you soon," scott-s,"hey courtney, i'm sorry i didn't reply back to you sooner, but i'm sure you'll understand when i say that things with work have been a bit on the crazy side. i'd like to attend tonight, but have a bit of a scheduling conflict. i was wondering if it would be alright if i showed up between 7:30-8:00 rather than at 7:00. also, where exactly are the festivities going to be held? thanks, susan" scott-s,"Hey Holly, I wanted to thank you for including Bonnie and myself Saturday night...we both had a great time. It actually meant a lot to me to have such a fun evening w/ almost total strangers, makes the prospect of moving up there a little less daunting. You have a nice group of friends, and I will definitely draw on both yours and their expertise on where to live, etc. should I end up moving. Hopefully I will know some more in a week or so...and when I do I will definitely give you a shout and let you know how things are playing out." scott-s,Do you think we could me for a few minutes this morning? I've got a couple quick questions...I didn't feel like bugging you over the weekend. Sometime before 10 am would be best for me because at 10:00 I'm supposed to attend a meeting regarding the analyst/associate program as it relates to UBS. scott-s,"Congrats on the promotion. I was a little suprised it was only to manager...I remember you saying something once about jumping straight to Director. All things in due time, right?" scott-s,Just wondering why my ice cream and bean burritos were in the frig instead of the freezer last night....you come up with some new storage methods? So what are you up to tonight? scott-s,You'd probably better tell me what day works for you....you're the one with the family. I'll give you a call as soon as I can find a phone down here. scott-s,You're gonna love this site. So true. scott-s,I decided to go ahead and come in to the office. You can contact me via this email address or at 713-853-1455. scott-s,"It happens to me pretty regularly. Time: Yesterday around 4:30 pm Conversation: Him: yo Me: hey Him: guess what Me: what Him: i'm an engaged man Him: that kind of came out of nowhere huh There was about 15-20 more of conversation which we can discuss later, but needless to say I'm still reeling. So are you heading up to Austin today?" scott-s,that would look great on an application... how do you feel you've prepared for a career in foreign service? i served people from all over the world booze during their ski trips.... scott-s,"Sorry it took me so long to respond. It's been really busy here lately. You're going to be so disappointed in us, but we never ended up kayaking. Monique and I were so glad that you and Luke came to meet us for drinks. It was so fun getting to talk to y'all and hear all about Seattle and Vancouver. The weather actually turned out to be really good so we spent a lot of time outside. The Market was fantastic. We actually bought some boiled shrimp there and took in back to the hotel for a little in room picnic. We also hit ""the Bite"" which was really neat. Glad you and Luke had a good time in the mountains and please let me know the next time you're in Houston. It be great to see you again. Thanks again for everything," scott-s,"I'm sure it is...I'll just keep forwarding the emails to you as I get them. However, I will warn you that I'm on vacation from the 14th-26th of August. I'm going to visit my brother and his wife in S. Korea so it should be interesting. Anyway, you may want to give a heads up to people to make sure they're sending the information to the right person. Susan M." scott-s,"unfortunate...but you also don't want to go getting yourself attached to someone whom you ultimately don't have enough in common with to sustain the kind of relationship you're looking for. off the soapbox.... i'm going to the grocery store (forgot some things), the dry cleaners, running and finishing up laundry detail...so that will take up a bit of time." scott-s,yeah...i should be. talk to you then. scott-s,"Sorry I was in such a funk last night, I'm not really sure why but I assume it will pass soon. Anyway, got an email from Emily this morning and she said another trip should be planned to go over in Sept/Oct when the airfares are dirt cheap. I'm guessing I'll probably be up for going again by that time if you don't mind waiting that long. My guess is we could get tickets for somewhere around $350 or $400. I think I found a flight for June (probably the 5th - 12th), but I'm going to end up spending somewhere around $600. Let me know what you think." scott-s,"Earl, Long time...no nothing. How goes it? Just wanted to drop you a line and see how the fam's doing. Hope all is well. We really need to grab a drink after work sometime or a late afternoon coffee and catch-up on each other's respective endeavours." scott-s,"No LW's for me tonight either...have dinner plans with a friend and ditto tomorrow night. Friday may a happy hour option though. Sue This is seriously stooping for me but my car's in the shop and I can't track down my roommate or anyone else that lives in close proximity to me... so, (now here's the stooping part) do you know what time your neighbor is heading home? Darren Maloney@ENRON 04/25/2001 05:07 PM To: Susan M Scott/HOU/ECT@ECT cc: Subject: Sue, No going to LW's tonight but what are you doing Th or Fri?" scott-s,You guys have fun...sadly i'll be out due to a broker dinner. I'll be sure to catch the next one. scott-s,"Hi Bonnie, How are you doing? Lisa said you'd broken your foot recently and have been stuck on crutches...which I'm guessing is no fun when you're riding public transportation. Anyway, I was writing to see if you might have some suggestions of things to do and places to go while in Seattle. One of my co-workers and myself are flying up Thursday for a long weekend in your fair city and were hoping to get a few pointers. I hope you're still enjoying things as much as you were a few months ago. It looks like you may have changed jobs already, which I trust is a good thing for you. I'm very anxious to see the city and all it has to offer...there is a part of me that has always thought I'd like to live in the Pacific Northwest for a while (so this will be a little bit of a research trip for me). If you could start thinking of suggestions for restaurants, bars, outdoor activities, etc. that would be great, and maybe if you're in town we could get together for a meal or a drink. Thanks a bunch," scott-s,"So did you make it in today? Hope you're feeling better. Wasn't sure last night if you were or weren't interested in the concert Sat. night. Let me know because if we decide to go I'm going to buy the tickets today. Also, Boone called about 11:45 last night to berate you for not returning phone calls or emails. The message is on the answering machine if you want to call the apartment and listen to it (be forewarned, there is a lot of rambling)." scott-s,"Just got your email...I'll take a look at it after morning trading. It does sound like it would be fun. What happened to you last night? I was starting to get worried about you. Also, we have one of our Taster's dinners Thursday night and both Katy and I are planning on going. Any interest?" scott-s,"Okay, so I'd really like to make a trip up there this weekend ( I haven't spent a weekend in Houston during April and can't imagine why I wouldn't just make the month a clean sweep). Anyway, I know you're unbelievably busy right now and spending an entire weekend with me would not help you in the least...So, here's my suggestion: I could either come up Friday night and we could do a late dinner (say 8:30-9:00 ) and then find someplace to hang out for a while or just rent a movie. On Saturday we could get up, work out, grab something for brunch/lunch and maybe even go to Barton Springs (depending on the weather) and then I could take off and leave you the rest of Saturday and all of Sunday to work (we could even skip the Barton Springs piece). The other option is to just shift everything a day forward...I'd come up on Saturday and leave Sunday. Either give me a call or email me if either of these sound good to you. I will also completely understand if you just really need to work/study this weekend. Sue PS - I'm dying for someone to chat with about Vegas...can't really talk to my roommate since it was work related." scott-s,I bolt out of here pretty early these days if I can...best to reach me by cell phone if it's past 4 pm Houston time (713-775-6472). Did I tell you I'm off to Vegas this weekend? I love this job. Sue Enron Capital & Trade Resources scott-s,"Okay, you asked for it.... The mind I love must have wild places, a tangled orchard where dark damsons drop in the heavy grass, an overgrown little wood, the chance of a snake or two, a pool that nobody's fathomed the depth of, and paths threaded with flowers planted by the mind. - - - Katherine Mansfield I absolutely love this quote. It manages to state, significantly more eloquently than myself, my own personal mantra of the last few years...I want to be pleasantly surprised. Which is ultimately why I don't see it within my power in the near future to settle. Maybe years down the road when desperation has set in I'll break down and throw myself at some sub-par individual, but let's hope it never gets to that point or if it does that I'm bordering on senile and just don't know any better. Anyway, I'm so glad we got to spend so much time together at Deborah's wedding and I love hanging out with you Mom and Becka (sp?)...they crack me up. If there's anything I can do to assist you with this wedding, let me know...even if you just need someone to run errands with or support your ideas. I'd love to get together sometime this week for a drink, coffee, dinner, or whatever if you have any free time. Maybe Lisa would be available as well?" scott-s,"Marion, I apologize for not returning your call last night. I was out to dinner when you rang and by the time I returned home it seemed too late to call back. You should be able to reach me today without any problems. If you would like, you could also just shoot me an email with a time you would prefer to talk and I could phone you." scott-s,airfareplanet.com supposedly has flights around $545 at the end of the month...may be worth checking out. I keep trying to msngr you at lisaenron and it say you're not available. Are you not signed in or do I have the wrong address? scott-s,"Hi Suzanne, I wanted to touch base with you regarding accommodations. They last time I came to Seattle I used the following web-site and managed to get a very good deal on my hotel. http://www.seattlesupersaver.com In the past, I've stayed at both the Westin and Mayflower which seem to be in fairly central locations downtown. I wasn't sure if you would be making the reservations or if you would prefer that I handle that aspect. You can either email me back or call me at the office if you would like to discuss any of this in more detail. My work number is 713-853-1455." scott-s,"Hey, The trip to Nashville was good...Chuck and Chris actually live in Clarksville (which is about 45 mins NW of Nashville). We went out to dinner in Nashville both Friday and Saturday night, and spent the day walking around downtown on Saturday. Chuck drove me around the Army base and showed me a bit of the area where they live. We also went to this Botanical Garden/Museum called Cheekwood...it's the estate of the Maxwell Coffee fortune. Anyway, it was fun and very relaxing. They're house is really cute and their neighborhood requires at least a 1/3 an acre for each house...so there's lots of land. I haven't made a decision about the Seattle job yet, I actually have until the end of next week to give them my answer. In the meantime I've been talking to some headhunters and checking out any other options that may be out there. At this point there is really no telling where in the U.S. I'm ultimately going to end up...which I personally find kind of fun. We got a total of $350 out of the $400 deposit back (not too bad). I just deposited the check so all I need to do is drop off a check for $175 to your Mom...which I will do this weekend. Hope things are still going well there! Keep me posted," scott-s,"Hey Holly, Just wanted to drop you a line and let you know how happy I was that we were able to get together for lunch on Saturday. I really enjoyed meeting you and hearing about your experiences in Seattle thus far. Hope all is going well with you and that you continue to enjoy your new home." scott-s,"Actually, I flew out to San Diego Thursday night. It was incredible...I cannot believe that there are places where the weather, scenery and people are that beautiful. Seriously, I think I could find a lot of guys to be interested in there. Strapping, physically fit beach boys with awesome dogs and a decent amount of world travel behind them. Hope you had a good Easter Weekend and that school isn't getting too stressful. I'm guessing you're coming up on some serious exam time in the near future. I'm off to Vegas this weekend, but I was debating the prospect of Austin the weekend of the 28th. Let me know if you're going to be around/able to socialize (even if only briefly) that weekend. I really want to come up to see Kathy and Travis's new house...I feel bad they've been in it for over a month and I haven't even seen it yet." scott-s,"I know I've thoroughly enjoyed all the commentary. I can honestly say, I think this is the first time I've been invited to an Aggie happy hour....and to that end, kudos to all those who opted out of Sam's Boat...you now may be forced to deal with a longhorn interloper." scott-s,"Hey Kasey, I just got an email back from KJ and he seemed to think you're going to be in San Diego until Saturday or Sunday of this week...so, I thought I'd drop you a line and let you know I too will be in San Diego. I arrive Thursday evening and don't leave again until Sunday afternoon. If you have any free time give me a call on my cell phone, 713-775-6472, and we can try to get together. I've got your number from your last visit to Houston so don't be suprised if you hear from me." scott-s,"don't have much to pass along....i've been looking into some places to stay if i come up. i may run a few of the names by you to see what you think or if you know anything about them. i've got to get out of my house SOON!!! mom woke me up this morning to see if i ""needed to get up and start getting ready""....she'd heard my alarm go off and evidently didn't realize my extensive use of the snooze button. she then followed me out to the car to give me directions on how to drive to work (i.e. which lanes to use...ha) even though i'd made it just fine the day before. on the plus side, my meals are being made for me and there is always cheese and crackers. talk to you soon," scott-s,"Em, Glad you had such a good time...sounds like Norm may have even had a little bit of fun? Anyway, must agree on the ex-fianc? front ( I am understandably nervous about said individual's return to Houston ). Have to agree on the German beer/food front as well. I loved everything about that country while I was there, especially the people. They were all so jolly and round." scott-s,Think I may head up to Austin Sat-Sun but I'll be probably be here Sunday night and will definitely be here Monday....Did you know Luke Olsen is playing at Blanco's tonight? What are you doing this weekend? scott-s,"Thanks for the info...I will check into it. Hope you manage to get some rest. The wedding was fun, super sweet and huge (800+ at the reception). I got hit on by a waiter at the rehearsal dinner and groped in the hotel elevator by one of the groomsmen...so I'm up on guys right now." scott-s,"Hey Ted, Do I even know this guy, or has someone yet again confused me with the other Susan Scott? Since your one of the only names on this thing I recognize, besides Margaret's, I thought I'd ask." scott-s,Call Ambrosia ? Monday scott-s,"Hey Bonnie, Ok, first the bad news...I can't come up President's weekend for the Whistler trip. Now the good news, I'm going to be in Seattle next weekend. I'm coming to have a 2nd round interview with Cascade Natural Gas (whose headquarters is actually right around downtown - looks like maybe Belltown). Anyway, I fly in Thursday and don't leave until Monday. The interview will be Friday, much like my set-up last time. So, if you're going to be in town we definitely have to get together. I think I'm really going to look for housing on this trip. Maybe that will be the goal for Saturday." scott-s,"okay, i haven't made a check out yet if you still want to pay this one. i can bring it home tonight....wow on the priya thing, that really stinks...." scott-s,"No problem...and you still need to see the Yankee Doodle Dandy movie, very patriotic and especially poignant for an independence day baby. As for gas trading land, things are good. Everyday I become a little more comfortable with the region I'm trading as well as the ins and outs of the pipeline and storage systems. Sorry to hear about the ag group's demise, but I'm guessing there are some great opportunities to be had on the weather desk so congratulations are in order (as usual you have landed on your feet). What's Darren going to be up to as a result of this? Anyway, glad you got in some vacation time before the move and as luck would have it over your birthday. Did you make it back to Cali or head to your new second home, Austin? I'm assuming the book you are referring to is Market Wizards...I haven't read it yet, but have heard much about it from some of the other traders on the desk. Maybe I should give it a look, if only to see what kind of things I'll need to write about once I join that circle...attitude is key." scott-s,"Hey Lis, How's married life treating you these days? I hope things are good with your job, home, etc. I was actually writing you to try and get Bonnie's email address. My friend Monique and I are going to Seattle next week for a long weekend and I was hoping to get some tips from her as well as possibly get together for lunch or dinner. Hope to see you soon and please say, ""Hi!"" to everyone for me next weekend at the lake house. I'm so sad I'll be missing it, but I'd already booked my flight by the time Clay sent the email. Love," scott-s,"Hey, I may swing by the Tasters dinner just to say, ""Hi"" to everyone and then meet you at the Forest Club. What do you think of that? Also, Katy and I may go to Blanco's later if you and Leslie have any interest. So I've decided I will have to crash some of your happy hours and try to meet some decent boys. I'm sick of these crappy ones." scott-s,"hey bonnie!!! how are you doing? i just had dinner w/ lisa last night and some of the UT girls here in houston. she's was so excited to hear that we hung out as much as we did last weekend. I wanted to write and thank you again for being such a gracious host...i had the BEST time hanging out and fell in love with Seattle all over again. it is truly a fantastic city. hope all is well with you, and i'm continuing to explore the possibility of joining you and Holly in the Emerald City. have a wonderful holiday season," scott-s,"There's a song both you and Mary are currently playing with the following lyrics...""and now I know for the first time too, all of the ways I've been lying to you. It's not that I don't think we can't open up in time, it's just that I'm afraid of what we'll find."" Could you enlighten me as to the artist's name? I keep forgetting to write it down." scott-s,"Cindy, Sorry no response from me, I've been out of the country. Being a novice, I forgot to look at the clock exactly when I crossed. I know it was 30 mins and some odd seconds, so my best guess is 30.10 minutes Hope this helps. Susan Scott" scott-s,"Hi Jennifer, Yes, that is correct. I would like to contribute $25 in addition to the $50 membership fee. Thanks for getting back to me and verifying the amounts. Susan Scott Enron Capital & Trade Resources" scott-s,"Hey guys, Thought I'd drop you a line and catch up on life. If I'm not mistaken you're actually in Australia right now doing all kinds of fun and active things, so you probably won't get this for a few days. I can't tell you how glad I am that you've had a chance to take advantage of all the travel possibilities on that side of the world ( and not just a little jealous). I think all of these experiences are going to leave you with some incredible memories of your time in South Korea. As for myself, this weekend will mark only the second in the last month and a half or so that I will be spending in Houston. I figured by now I'd be traveled out but I can't get enough. The Caymans were incredible...we ate at great restaurants (not Bed unfortunately, but I did see it), got to go scuba diving off the east end and swam with a slew of stingrays. Actually, I was holding onto/bonding with one of the stingrays, just floating with the current, for about 5 minutes until I had to gently shove it off and swim back into safe proximity of the boat. It was a completely surreal experience. Plus, the trip solidified my appreciation and fondness for the new job, and more specifically the new co-workers, which is never a bad thing. Speaking of the new job, things are going well. I still have a ton to learn but I have a feeling that will be the case for a long time to come. There is just an overwhelming amount of information, not to mention strategies and nuances to learn about gas trading as a whole and in particular the western region of the US. I've been actively trading for well over a month now and am getting to know all the players in my market as well as gaining confidence with each additional trade. So far so good though...I'm definitely glad I made the choice to stay in Houston and take on this role. I had a pledge sister's wedding in San Antonio a few weeks ago, which was fun, and another ""sister's"" wedding this weekend here in Houston. I tell you, it's out-of-control with all of my friend's weddings & engagements. Two weekends ago I got hit with 3, yes you heard correctly 3, new engagements of close friends. I am very rapidly becoming out-numbered on this front. Still, the only thing that crosses my mind each time I hear of a new one, aside from being thrilled for the happy couple of course, is that I am a ways off from such an endeavor myself. I just have the feeling I've got a lot of changing to do in the next year or two (or more) and am not sure that what I'd want now is what I'll want then. Okay, change of subject...getting to deep. Two weekends ago I went with a few of the traders from the desk to Las Vegas. We went to meet some of our power traders from Portland to discuss west energy issues and to try and squeeze in a little fun. Fortunately or unfortunately, depending on how you look at it, I think we managed to squeeze in more than a little fun. I think my earliest arrival back at the hotel room that weekend was around 6:30 am. I don't know if it's the oxygen they constantly pump into the clubs and casinos or the steady flow of free drinks, but you really do lose all track of time there. I feel certain any duration longer that a weekend would either kill me or force me to take another vacation just to recover. I managed to walk away only $40 bucks in the hole so all in all I was feeling pretty good. What the future holds? - I'm planning a trip to London in early June to visit Emily and then she comes back to Houston for about a month, so I'm really looking forward to that. And, I'm still trying to figure out when I'm going to come visit you guys...I was thinking August, given your trip to Hawaii in July and my trip to London in June, so let me know your thoughts. September is also an option if that works better for you. I think I'll try to take 6 or 7 work days off so that we could travel while I'm over there if we wanted to and so we'd have two weekends. Anyway, it's obviously still in the incubation phase. Hope the trip was a rousing success and I'll talk to you soon," scott-s,"If you pull the Curves up under Pub Names you should be able to tell if the have any Omicrons attached to them on the Erms side...if the do, then you have to talk to Nilay Basu to make sure they are mapped on the Germs side...if they don't, then you'll have to attach an omicron and then speak with Nilay. I can swing by later if you'd like me to explain in a little more detail." scott-s,"Ok kids...Lisa has made the excellent suggestion of Black Lab for food and drinks tomorrow. So how does 6:00-6:30 sound to everyone? I think this link will take you to the appropriate map...if it doesn't work just go to Houstoncitysearch.com and look up Black Lab...it will take you to a map. http://houston.citysearch.com/map?mode=geo&lat=297360&lon=-953912&id=9842495&fid=2 See you then," scott-s,"Sunil, I promise I have not forgotten about you. Things around here have just been crazy with the beginning of the month and all. I should have some time tomorrow to get together if you like, just give me a call." scott-s,"I have to be in S.A. on the 6th for Lisa's bridesmaid's luncheon...So I was thinking, what if I came up to Austin Thursday night and we made a trip to the Saxon Pub. Just a thought. If you have exams, papers, etc. that will be consuming you that week disregard the suggestion, but if not it could be fun. Hope you're having a good day and that you finished your Note to your satisfaction." scott-s,"Hey, Very jealous about the Canary Island trip...that sounds wonderful. Take my advice though...use sunscreen! I was really good about applying everywhere except for my lower back and the back of my thighs and I've paid the price. Kind of looks like I was scolded with boiling water. So I've got Lisa's wedding this weekend and my San Diego trip the next. I'm taking Friday off this week so I can go to the Bridesmaid/House Party luncheon in San Antonio and we've got Good Friday off from work the next week so I'm looking at two four-day work weeks. My how things have changed. I think Katy and I are going to a corporate sponsors reception at the MFA tomorrow night and Lisa has expressed interest in going as well, but we'll see about that. She's always enthusiastic in the beginning. All in all things are pretty good." scott-s,"I'm just glad I'm going to be out of town for the next 3 weekends. What pray tell will she do? With no buffer there, will there be any reason for Mitch not to shack? I'm curious to see how all of this plays out. She keeps looking for signs to know whether Mitch is right or not...I told her it's pretty unlikely that anything's going to whack her over the head so she's just going to have to figure out for herself what she thinks of him. She's got such a tough life. Oh, my Mom was over Sunday and made some comment about Lisa always dating someone....she still denies. Cracks me up. Response is always, ""I've only had two serious boyfriends."" To which I've started to respond, ""We'll I'm batting zero and have only one legitimate first date with a guy. In relative terms, you are a dating phenomenon."" I definitely need this vacation, Sue Enron Capital & Trade Resources" scott-s,Did you get that Katy? Just kidding....I'll see you guys at the apartment. scott-s,"Lexi, I would like to volunteer for the Information Session on September 17. My apologies for not being able to help out with this year's spring recruiting, but from the beginning of October through last Friday I couldn't take a single day off from work. Fortunately, I'm in a new rotation and they have a bit more flexibility when it comes to my schedule." scott-s,"They should if they are dealing with transport, gas daily options, etc. which are effected by the omicrons. I would typically go to the leads of the respective regions, tell them which curves are unmapped and let them decide what omicron curve to use ( a lot of times they just asked the trader in charge of that point which curve to use). If the leads don't know what the omicron curves are the company's in trouble!" scott-s,"Rumor has it you went and got engaged....I'm so excited for you and Brendan.... I'm going to have to give you a call sometime so I can hear all of the details. Still want to come and visit if I can.... Love," scott-s,"Hey Bonnie, Ok, first the bad news...I can't come up President's weekend for the Whistler trip. Now the good news, I'm going to be in Seattle next weekend. I'm coming to have a 2nd round interview with Cascade Natural Gas (whose headquarters is actually right around downtown - looks like maybe Belltown). Anyway, I fly in Thursday and don't leave until Monday. The interview will be Friday, much like my set-up last time. So, if you're going to be in town we definitely have to get together. I think I'm really going to look for housing on this trip. Maybe that will be the goal for Saturday." scott-s,I will definitely think about it...I would just feel bad though missing the event since I talked to Barrett (Deborah's fiancee) all about the big day at Lisa and Brad's wedding. What may be an option is me taking part or all of Monday off and just heading to Austin Sunday and coming back Monday...I'll talk to my trader about the possibility. Enron Capital & Trade Resources scott-s,em's with the grandparents tonight...so she's out for dinner...said maybe next week. still don't know when i'll be getting out of here. scott-s,"well girls, i didn't end up getting the job with Puget. i was runner up to a guy with more trading experience. he hadn't decided whether or not he was going to accept, which is why they were waiting to get back to me. i called last night due to the decisions i was having to make around here and the VP i met with there subsequently called the guy to get an answer. unfortunately for me, his answer was, ""yes"". anyway, while that opportunity is no longer...i have still decided to decline my offer with UBS to join the reformed trading organization down here. on that front, i am still very interested in trying to get up to seattle and was wondering if either of you were familiar with some headhunters. let me know if there are any things in particular you think i should be looking into. thanks guys," scott-s,"Hey Bonnie, I talked to Pattie yesterday and asked her for more time to make a decision. I have basically until the end of the month to get back with them. I'm still trying to check out the other opportunities that might be out there. I spoke to Matt on Tuesday a bit over the computer...things are weird. He said everything was okay, but I don't think that's really the case. He wouldn't respond yesterday. Oh well....c'est la vie. I'll talk to you soon and keep you updated, Susan Btw...that cute place on 4th Ave in Queen Anne was already rented." scott-s,"I would definitely be up for tonight and a walk sounds great. I just need to swing by the grocery store and the dry cleaners after work, so 6'ish is probably best for me. Let me know if that works for you and also where you'd like to meet/walk. Lisa, if there's a good place around your duplex I'd love to come see it and show you the pictures I took from your wedding...there's a great one of you and Brad dancing at the reception. Anyway, drop me a line and we'll figure out when and where to meet." scott-s,"Hope you had fun yesterday...I was actually writing to see if you had any interest in going to Austin this weekend. Emily, Katy, myself and possibly Lisa are talking about making a trip up there tomorrow. We would be going out with some guy friends of ours so if Doug wanted to come he wouldn't be completely outnumbered. Also, one of Katy's friends manages Pat Green and he's playing at Gruene Hall so we were thinking about trying to go see him on Saturday. Drop me a line and let me know if you have any interest." scott-s,Are you still alive? I'm just checking b/c I haven't heard a peep out of you in a while. Drop me a line and let me know what's up. scott-s,"Vegas baby!!!!!!!!!!! I can't wait...our flight arrives around 6:00 and then we head back Sunday morning. It's a ""work"" trip. Will do on pitching the 12th to the gang. Sue Enron Capital & Trade Resources" scott-s,"hey there chickie.... it's about 3:00 Houston time and i'm bored out of my mind at the office...no big shock. i'll be impressed if i make it to 3:30... so, i was just going to let you know that i'm probably bolting out of here relatively soon. however, i've found a restaurant that has a little section w/ 2 computers and a couch that i make go crab a cup of coffee at later. my point being that if you email me back today i probably will have a chance to check it. if i don't chat w/ you today, i'm sure we'll touch base at some point tomorrow. and, on that note i hope things go well tomorrow morning. talk to you later," scott-s,"Jesssseka!!!! I know, it's been ages since we've chatted. I will definitely give you a buzz so we can catch real time. I got Clay's message and thought I'd replied, but obviously I forgot. I'm actually going out of town next weekend. Which makes me so sad because it would be great to see everyone again. Of course, I suppose we'll all be seeing quite a bit of each other with Jen and Caycie's weddings coming up. I talk to you soon, Sue Glad to hear things are good...even if they are hectic." scott-s,"I think it's probably a good idea not to contact Eric for a while. Truly what purpose would it serve? As for my work situations, they aren't that exciting but have made for some highly uncomfortable moments for me. I'll tell you about them on my next visit. See, I've already come up with a reason why I have to come back out there. Please don't worry about flapping Sat night. I certainly do not think less of you and completely agree about the life lessons part. To tell the truth, I worry at times that I'm not learning enough of the life lessons...just kind of staying in a very safe, secure place and missing out on a big part of the overall picture. Enough self-analysis. Have a good evening....you should his jazz night at Epizote just for me. Sue Enron Capital & Trade Resources" scott-s,"Hi Sarah, So nice to here from you.... I'm actually still employed right now, but don't have a heck of a lot to do around here. We're all in somewhat of a holding pattern, waiting to see what happens with the bankruptcy etc. Hope all is well with you! I haven't made any real decisions regarding my living situation. My roommate and I have movers coming the weekend before Christmas and as of right now I had just planned on moving back in with the folks...on a temporary basis of course! Anyway, I'm just not really sure where I'll be 2 or 3 months from now, so I'm obviously reluctant to sign any long term leases etc. If a temporary roommate is something you guys would be interested in I'd certainly like to discuss the prospect w/ you...but I would also completely understand if you'd prefer to get somebody in there who's more permanent. My number at work is 713-853-1455 and home is 713-622-2788...." scott-s,"Just got to work...I know, it's ridiculous. Anyway, just let me know if you can break for lunch...if so I can meet you in your building and we can hit the food court. Lunch can easily be accomplished in 30 mins if you're crunched for time." scott-s,"Just wanted to say, ""thanks gals"" for dinner last night. To be honest with you I had had a pretty bad day and the rest of the week hadn't been much better, but I had a really good time last night....I forget sometimes how nice it is to share so many great memories with old friends. Not to get too sappy, but I really treasure our friendships and I'm not sure you all realize how much i depend on you guys. I know it's rarely overt, but I've leaned on the stability and solidness of our friendships on countless occasions and just don't know what I'd do without that safety net to trust in when things are rough." scott-s,"Hey Em, Hope the parental visit is going well and that you haven't lost your mind yet. I just wanted to drop you a line to share with you my latest little upset (aside from getting physically ill at Teala's Friday night...it was ugly). Nick emailed yesterday and said he wanted to call and catch up. When he finally did call I knew within the first minute why he felt the need to call, the engagement is OFF. They evidently decided to postpone about two weeks ago and the final blow came Friday night. To top everything off, he's moving back to Houston in three weeks...ughh. Obviously, given my last conversation with him in London, I'm a little concerned. Oh well, who wants a non-stressful existence anyway. Ta for now," scott-s,"Hi Mrs. Barker, Sorry it's taken me so long to respond regarding the party Saturday (Lisa and I only got back into town a couple days ago from visiting Emily in London). I had actually already purchased concert tickets for Saturday night, but am currently seeing if I can find anyone willing to buy them from me. If I am successful in pawning these things off I will be present and accounted for to help Kelly and the gang celebrate. I will be sure to take your number home with me and give you a call tomorrow to let you know my status either way. Thanks again for everything," scott-s,"hey...how's it going? sorry i've haven't emailed in so long...things have been busy. btw, matt did decide to take the job with UBS. as for myself, i went back up to seattle last weekend for an interview with the other company i'd talked to up there. they ended up offering the job so i'm in the process of deciding whether or not i want to take it...i have until the end of the month to make up my mind. meanwhile, i'm checking out a bunch of other possibilities and seeing what turns up. living at home has been interesting. mom still insists on waking me up personally in the morning and harassing me at every turn. still, the meals are great and it's kind of nice to be at home right now. i'm flying to tennessee today to visit chuck and chris...i'm very excited to see their house and the area. i'll be there through monday and then work on planning my next trip...ha. also, some other exciting news - kathy and travis are pregnant with their third!!! babies galore in the scott clan...that is, of course, except for me. talk to you soon, susan the pictures you took were great...can't wait to see more. take care." scott-s,"Was wondering if you'd like a ride home this evening. Also, if Janie would like one she's more than welcome to join." scott-s,"Just heard from the Earl...he said he's okay but has just been really busy the last few weeks. I encourage you to drop him another line sometime in the near future and suggest lunch, as he seems receptive to interaction at this point. As for last Wednesday, we had actually moved on to Steak Night by 9:30 and then were off to Sierra's. Needless to say it was a big night. Glad to hear the game was good and I'm not suprised in the least that you have ""get-up-and-go"" (I've seen you when an attractive woman passes by). I'm a no go for Thursday as I've actually already made dinner plans with a friend. Besides, Dean's is the ex's favorite Thursday night hang-out for the reason you mentioned and for that same reason it sadly is not mine. I'm sure after this response Ben will be convinced I'm avoiding him, but I assure you that is not the case. Cheers I should be in town this weekend if anything is going on... Enron Capital & Trade Resources" scott-s,"FYI: Bryan called last night to see if I wanted to go out again. I think we'll probably end up going out on Thursday...I don't know. We'll see how it goes, but I don't feel as excited or enthusiastic as I probably should." scott-s,"Hey Lisa, Hope you had an absolutely incredible honeymoon. I'm sure it was a blast. The reason I'm writing, actually, is because I left something at the church the night of the wedding. I thought it had been taken to the country club but the wedding co-ordinators didn't have it. Basically, it was a white plastic bag with a little kids t-shirt and a little girls shorts & tank top outfit (along with a little hand painted picture). I bought the clothes in the Caymans for my niece and nephew, so ideally I like to track them down. I was hoping you could tell me who I should contact about items left in the bridesmaid's room in the church. I think the bag said The Wharf on the outside if that helps at all." scott-s,"Hi Julie, Sorry to be a pest of late. I was hoping you might have an opportunity to talk this morning. There are some deadlines I am facing currently that make it that much more beneficial for me to talk to you sooner rather that later. If you could let me know if there is a time before 10:00 PST that would be a good time to talk I would really appreciate it." scott-s,"Hi Pattie, I just wanted to make sure that you had a chance to speak with Justin Fernandez. I thought of him when you mentioned possible candidates for the other open position as he was with our scheduling group and is, I believe, from that area of the country. If you haven't had the opportunity to establish contact with him please let me know and I will be sure to get each of you the other's contact information. Hope all is going well with you and I'll talk to you soon." scott-s,I guess there's some sort of fine for dating...sounds like a load of BS to me. What's your AOL messenger name? Enron Capital & Trade Resources scott-s,"Good luck with the paper...I know how inspired you get when deadlines start approaching, so I'm sure it'll be fabulous. Sorry about the pulled muscle. What exactly does that do to the marathon plans? Will you be able to compete still, or are you just going to hit all the wine stops now? I think you're right about Katy's move to Dallas. I have a feeling she's actually going to really like being there and working. I pretty sure the folks are still helping out with living expenses, etc. so she won't have to make too big of an adjustment right off the bat. As for me, Seattle could definitely be a destination but it would require a job change. Enron doesn't have any offices up there. The closest office is Portland and for obvious and now unavoidable reasons I don't see a move there any time soon. You are right about not being able to go wrong with a place possessing Austin-like qualities...they are highly desirable. I will most certainly try to keep the September date open...it would be great to see Britney and Arden. We had Susan E.'s bachelorette party Saturday night (plus a bridal shower earlier that day). Lisa hosted Laura White's at the apartment the same night. I got to see and visit with Jenny Kenair (sp?), Janie Pitman, Rachel Pack among others. Very interesting. The two bachelorette parties met up at Black Swan for late night dancing. Lis was in rare form. I knew it was bad when she ran up and started hugging me....I think she almost crushed Susan and Kelly. Anyway, it was actually pretty fun and I've decided I really like Susan's sister Betsy...good sense of humor and not at all be-boppy. I did manage to trick her into doing the V-I-C-T-O-R-Y cheer at Black Swan though. I thought it was pretty darn funny myself...she was mortified when she realized I'd got her to do a cheer. Once again...best of luck banging out your opus." scott-s,"hello....long time no see. how are y'all doing these days? i'm actually writing bc i've misplaced em's phone number in london and wanted to give her a buzz. do either of you have it on hand? if so, could you please email it back to me. thanks em also mentioned something about NB in mid Sept...i'd love to see y'all if you decide to meet up with her." scott-s,"Lupe, I found a couple of checks that were for expense reimbursements. They are past the 90 day period. What can I do to have these checks reissued?" scott-s,"Thanks anyway...I eventually tracked it down yesterday. And yes, the real world emphatically sucks. Emily's got the right idea, avoid it at all costs. Still, work's going all right for me. My hours have dramatically improved, which is nice, and they actually let me take time off for vacation. I'm reserving the weekend Emily mentioned in September so hopefully I'll see you there." scott-s,Are you going to be in Austin next weekend (the 28th)? I'm thinking about making a trip up there to visit. Let me know. scott-s,"Hey Edith, Jennifer wanted me to let you know that she's having a little soiree Friday evening around 7 pm...Very casual, but feel free to bring others. Hopefully we'll see you there," scott-s,"you're not slow at all....you just have to figure out which region they're in and ask the appropriate trader which gas daily volatility they'd like to use. Congrats on ""the move""...O'Neal told me the good news." scott-s,"Hey, Good to hear from you. Can't say I have too much scoop on Reliant. Although, I do know a couple of people who work and have worked there and I'd be happy to put you into contact with them if you'd like. I'd love to get together while you're in town. Tomorrow night's probably best for me so either give me a call at work or on my cell phone when you get a chance. Ciao, Sue Work (713) 853-1455 Cell (713)" ward-k,"Art, We are pricing the calls up for you and will have them in the morning. As for the comments on the contract, you can send them to me and I will put them in our lawyers hands. Thanks so much for getting that document throught the system. I will talk to you tomarrow." ward-k,"here are our curves for san juan for the last couple of months. You make the chart - I was not successful. Also, I have attached a storage chart. let me know what else you need. K." ward-k,"Laird, City of Corona California planning for form a muni utility and purchase power generators. Article in today's NGI. Let's get 'em! K." ward-k,The index prices are fine and may actually be lower. I will check with my desk. The fixed prices are only for one year. Five year fixed price indications for Malin are $4.12 and for PG&E city Gate are $4.77. Let me know if you need any thing else. ward-k,lose this email address! your site has been blocked by my company and I can not remove as described below. ward-k,variable is all we reimburse them for - they are responsible for the demand. Let me know if you need anything else with regards to the redwood capacity ward-k,"Jack, Attached is a graph showing storage year by year. We are expecting another rather large injection this week. Cal 02 Nymex is up about $.0125 but the balance of 01 is down about a penny. There is no weather to speak of and therefore, no demand for physical gas - this is what is driving prices down. Let me know if you have any questions. Am still working on the option pricing." ward-k,yes - he said you can. What's going on tonight. ward-k,We can come in on Thursday evening (so we can spend friday in the wine country) and leave sunday afternoon at 3:20 for 20000 miles! So we are definitely in! What do you think? ward-k,"Stacy, I just extended a deal with the City of Pasadena for September. The previous deal was for April thru August and the confirm was prepared by Dan Hyvl. Could you help me prepare the confirm for the extension? The term sheet is attached as there are minor changes. Please let me know if you have any questions or if you are unable to work on this for me." ward-k,Glendale's City Attorney is Steve Lins. His phone number is 818-548-2080 and his email is slins@ci.glendale.ca.us. Please let me know if you need anything else. I will be in their offices on Wednesday. ward-k,"Debra, What is the status of this document? Customer is asking for it. Please let me know -" ward-k,Ann will be calling you today and will set this deal up for you. I am assuming this is for the June payment. ward-k,I'm fine so far - just looking for a job . How are you? ward-k,"Mary, Attached is a letter providing notification of our cancellation as authorized market for the city of Pasadena. Please let me know if you have any quesitons." ward-k,"Art, Attached is the contract that would govern this transaction. Barry and I have discussed San Juan risks but we are willing to take it - however, the actual offer at this time is $4.65 for 15,000 to 20,000 delivered at the Blanco Pool. When you are ready to transact, I will update the exact price at that time. Let me know what you want to do." ward-k,"Ann, Would you be able to meet this afternoon (2:00) with my self and Janine Cashin to discuss the first Palo Alto invoice and what is in the system for July? It shouldn't take very long - maybe 15-20 minutes. Please let me know" ward-k,I sent the spreadsheet and instructions to Megan Parker. She should be putting it together for you. ward-k,"Steve, could you provide the name, phone number, etc. of your bond council for our attorney, Sara Shackleton?" ward-k,"Art, We have priced these at the money puts and they are kind of expensive. For the monthly put, Strike of $2.72, premium would be $.495. For the Daily put, the premium would be $.535. Let me know if you have any questions. Prices might be lower tomarrow given the downturn since AGA's came out. If you are willing to look at out of the money puts, the price would be better as well." ward-k,"I faxed these documents to you earlier. If you did not get them, please let me know." ward-k,Trader says to just use the mid curves. Let me know if you need anything else. ward-k,"Let me know what you want to do about a load forcast model. thanks," ward-k,how does this look? will send to cogan as soon as you take a look. ward-k,"Jim, Attached is Enron's response to your Request for Natural Gas Supply Proposals. If you have any questions or comments, please contact me at 713-853-0685. Thank you for your consideration." ward-k,"Scotty, Long time - no email. How are you? As you know, things aren't so good here. It is so sad!!! Anyway, just wanted to put another bug in your ear - I'm still pro Atlanta. If you know of anything going on at Mirant that would be a fit for me - please let me know. West gas or power, origination or trading. Give me a call sometime - I don't know how long I will be at this desk but my number here is 713-853-0685. My cell is 713-412-4571. That shouldn't change. My email address at home is kward1@houston.rr.com. I do hope all is well with you - and that you keep in touch no matter what! Take care," ward-k,"Monica and/or Karla, I was out yesterday afternoon but the price for that product, all in is $5.06. Let me know if you need it broken down and if you are still interested." ward-k,"Lyndon, I finally got my CDs back yesterday and I was so happy! Thanks again for making sure that they were sent to Miami. How are you? Where are you? where have you been? Since I have to sit in this office everyday staring at a computer screen, I must live vicariously through people like you! I'm actually not traveling until mid september. I go to Denver on sept. 8 - 10 and then to Southern California the following week. October brings Arizona, Aruba, and perhaps northern california. Looking forward to Aruba - don't really care about the rest since they are work!! Anyway - hope all is well with you and that you are enjoying yourself - wherever you might be! Take care," ward-k,"of course, I'm just tagging with you guys. Did you ever go to Christopher's? I might go pick up some wine - any requests or recommendations? And where do you want to leave from?" ward-k,"Art, The premium for a monthly, physical, at the money call for Cal 02, 5000/day delivered @ San Juan would be $.48. For Q3 only, the premium would be $.49. I hope this is helpful. Let me know if you have questions or need anything else. I will call you tomarrow about the balloon fest." ward-k,"Mr. Dossett, I did not have your email address - however, I do recall inviting you verbally to the party, in person. No one else on that distribution list received such an honor. I am sorry you can't make it, as I know you have a black tie affair, however, there have been 12 girls who have accepted our invitation and only 3 guys. Therefore, my party might have a better ratio for you. Sorry you'll miss it! And I have TN and 18 for a smoothie. Think I'll win?" ward-k,"No, we need to change the price to be confirmed at a weighted average price of $3.90. I put this on the deal sheet. Don't know if they noted it in the system. Please change and let me review again." ward-k,"john, I think my parents are coming to houston and I think EJ might be around on thanksgiving day so you are more than welcome to come to houston and hang with us. we will be having turkey! Let me know what you think." ward-k,"Boring! things are slow here, too. Playing golf Fri?" ward-k,"Chris, Can you send or fax me a copy of the contract between us/Citizens and EARMS? I don't have a copy and i need one in order to get these invoices processed. thanks," ward-k,"Kelli, Attached is a request from PNM for an indication for the price of a put for Q3 next year. This is a physical option that is at the money. Please let me know if you have any questions." ward-k,"Try kim.ward@ect.enron.com. If that doesn't go through, just try kim.ward@enron.com. Thanks for sending it to me! Take care -" ward-k,"Frank, I am working with Panda Resources to potentially supply gas to a couple of their Arizona facilities. However, they say they have a plant coming online March 1st in El dorado, Ark. They looking for TX Gas for Mar - jun and Tn zone 0 starting July 1. She has gone over the structures that she is looking for. Is there someone in your group that would be interested in working on this potential gas supply with them? Let me know." ward-k,"Antoher thing they brought up was locking in physical basis only. How does this affect credit? Thanks again," ward-k,"John, Attached is a revised spreadsheet for the 19th and 26th. call me with any questions - thanks," ward-k,What did you do in Rome???? you must have had Capt. Neil. I understand that he is a big golfer. when did you go? I can do lunch - what time? ward-k,"Scott, Attached is our physical firm Master Purchase/Sale Agreement for Natural Gas Transactions. Give me a call if you have any questions. Once we get this in place, we will be able to enter into any gas transactions and we won't have to worry about contracts." ward-k,I certainly understand your concerns and believe that they should be voiced. I will also babysit the situation and try to make sure she abides by the rules! ward-k,"Sara, Marie was able to incorporate the changes to Glendale's ISDA and send them a final draft. I am waiting to hear from them to send them an executable copy. Marie did not know how to proceed with obtaining the outside council opinion. Could we start that process when you return? I think that is the only thing we are waiting for. Let me know if there is anything I can do to help. Thanks for your help," ward-k,J. Barry wants to know the credit status post the financial info I gave you yesterday. he is meeting with Mark Baldwin on Thursday and wants to prepare. K. ward-k,"Cliff, For gas day December 6, 2001, Enron did not schedule gas to the City of Mesa. I was unaware of this until late in the day Dec. 5. Therefore, it is my interpretation, under section 12 of the contract, Enron is not providing sufficient gas supply to the City on this day. The City of Mesa should determine its best course of action based on the terms of the contract given the fact that Enron did not schedule gas for December 6th. Please notify me of any new supply or other course of action, as soon as possible. Please let me know if you have any questions." ward-k,"I know - I am so inconsiderate! But, if you want, I will promise NEVER to do it again. Just a little tired today- thanks goodness for the opportunity to sleep late yesterday. How about yourself? I usually get here between 7:30 and 8. Today - exactly 8 o'clock! Not much going on in the market today - I might finally go get my car tags and driver's license - but I've been saying that for 5 months now!" ward-k,"J., Sorry, I sent the other email before I got this one. The contact that I would recommend at NCPA is Dean Park, 916-781-4224. He will either help you or can direct you to someone else. You can reference the RFP if you would like. You are right, NCPA is a consorsium of Munis. The ones that would be involved in this particular transaction would be the Cities of Roseville, Lodi, Lompoc, and Alameda. The transaction would be a physical basis transaction for 5000/day at city gate for 2002-2004. We would be buying back $3.37 Physical BASIS for 2002. This would be a sort of blend and extend. Our deal would be Physical Basis. Let me know if you have any more questions." ward-k,"Kelli, While on my adventures west yesterday, Burbank and Pasadena expressed some interest in the Peaker product that Lucci and Fuller were peddling a month or two ago. Burbank is interested in looking at a 30 day call out of 365 days (Cal 02) for 5000. Pasadena would like to look at 10 days out of the winter. They just want indications for comparison to regular calls. I know you will have questions - please come by and we can talk about them. I left my notebook at home and feel lost today. thanks," ward-k,"Gentlemen, I haven't heard from anyone regarding LDWP's request listed below. We have to reply by next week. What is the status? There is an article in the NGI publication today. Let me know if you have any questions." ward-k,"Rob, I have passed your resume on to Barry and to Frank Vickers, who is Barry's equivalent for the East and Central desks. I hope you hear from one of them - Frank is an awesome guy and I would work for him anywhere! I will keep you posted as I hear of other opportunies you might be interested in. I will do whatever I can to take care of Robbie Mac!" ward-k,That is very cool!! Sounds like Tom did great - too bad we weren't there to watch. And it is great that you get some $ for going! Just think - with your awesome new car next year - you could be up there with Jimmy and that other guy! I could grab dinner or something later - when are you planning to go to Tom's? I have nothing going on - may try to get a quick workout in. You can just let me know what you want to do. K. ps. I told Suzanne that I got to drive the race car and it was really cool! ward-k,"Beth. Credit will review and I will let you know if he has any questions. I think the next thing we were waiting on were your new contracts. If you guys need anything while we are waiting on those, please let me know! Also, if we need to meet in person, once we get things rolling, we are available to come to Dallas." ward-k,Mine says you are not logged on. Send me a message. Your boyfriend Dave Fuller says hi now. ward-k,Suzanne had previous plans so I thought that I didn't confirm the reservation. I will be in the Grenadine Islands on the 14th - what's the occasion? I think we will try to come in August some time. Will that be OK? ward-k,You're welcome. I hope all is going well with you. ward-k,She was planning to go to Dallas Friday anyway. I will talk to her on Monday and see what the plan is. k. ward-k,"Tony, Attached is my response to your RFP on behalf of Noresco. As noted in our conversation earlier today, I apologize for the tardiness of my response. I do hope that you will consider our proposals along with the other responses that you received. If you have any questions, please feel free to call me at 713-853-0685." ward-k,"Jan, I tried to email you earlier but it didn't work. I will be sending you another email too. Let me know if you have any questions." ward-k,Attached is the new contracts by which Los Angeles Department of Water and Power intends on entering into natural gas purchases and sales. Is there any hope of getting in on some of this action? Let me know if you have any questions. ward-k,"David, I got a phone call from Summit energy, through whom I supply full requirements gas to Smurfit Stone Container Corporations plants in southern California. Smurfit has a couple of plants in El Paso, Texas, on the Southern Union System, that Summit is looking to obtian bids for. The contact at Summit is Jason Ramsey and his number is 502-429-3800. Their load is about 100,000 MMBtu annually. Is there someone at EES that would be interested in working on this transaction? Let me know if EES is not interested and I will let Jason know." ward-k,"----- Original Message ----- Subject: Kids: Gotta love them!! Thought you might enjoy a little humor from some children who know more about relationships than some adults. What do most people do on a date? Dates are for having fun, and people should use them to get to know each other. Even boys have something to say if you listen long enough. --Lynette, age 8 On the first date, they just tell each other lies, and that usually gets them interested enough to go for a second date. --Martin, age 10 What would you do if a date was not working out? I'd run home and play dead. --Craig, age When is it okay to kiss someone? When they're rich. --Pam,age 7 The law says you have to be eighteen, so I wouldn't want to mess with that. --Curt, age The rules goes like this: If you kiss someone, then you should marry them and have kids with them. It's the right thing to do. --Howard, age 8 How would the world be different if people weren't married? There sure would be a lot of kids to explain, wouldn't there? --Kelvin, age 8 What is the right age to get married? No age is good to get married at. You got to be a fool to get married. --Freddie, age 6 Is it better to be single or married? It's better for girls to be single but not for boys. Boys need someone to clean up after them. --Anita, age 9 I don't know which is better, but I'll tell you one thing, I'm never going to have sex with my wife. I don't want to be all grossed out. --Theodore, age 8 How do you decide who to marry? You got to find somebody who likes the same stuff. Like if you like sports, she should like it that you like sports, and she should keep the chips and dip coming. --Alan, age 10 No person really decides before they grow up who they're going to marry. God decides it all way before, and you get to find out later who you're stuck with. --Kirsten, age 10 How can a stranger tell if two people are married? You might have to guess, based on whether they seem to be yelling at the same kids. --Derrick, age 8 What do your mom and dad have in common? Both don't want any more kids. --Lori, age How would you make a marriage work? Tell you wife that she looks pretty even if she looks like a truck. --Ricky, age" ward-k,"Lou, I am still here but I am unable to give out quotes at this time. Please accept my apologies and I will be in touch once things are straightened out around here." ward-k,"Sure you can stay at my house! I will try to join you Thursday nite as well. Things have been pretty shitty lately - with work, with the love life, and a huge sinus infection. Hopefully things will be looking up by then! Please make yourself at home! You can come and go as you need." ward-k,THank you!!! ward-k,"The answer about environmentalist making it hard to build power plants in california is YES. Even with load growth and, asset divestiture they wouldn't face the facts that the supply/demand picture was messed up. They wanted all of the plants to be built in other states such as Arizona and Nevada. Environmentalists (fish people) were trying to get rid of the hydro dams in the Pac NW. It is definitely an issue they, as well as California will experience this year as the dams are only filled to 55% of normal. This equates to approximately 3000-4000 MWh short. Typically in the summer, the pac NW exports about 4200 MWH to California. Guess what - there will be no exports this summer. The light WILL go out in Cali!!!! ""John Schilke"" on 04/03/2001 11:33:16 AM To: ""Kim Ward"" , ""Kim Ward"" cc: Subject: Power Crisis Kim You seem to be up on current affairs associated with power. Reference to the power crisis in California, did the whacko environmentalist have anything to do with it??? I am hearing that California has not built any power plants in the last 10 years due to environmentalist putting on too many restrictions. One other question about the environmentalist trying to get rid of the hydroelectric dams in Washington State, will this lead to more power problems for California if they accomplish their goal? Let me know?" ward-k,We want to send them a Master - Dave will be working on this too. THANKS ward-k,"Stacy, I just talked to Palo alto. They would like to schedule a conference call for tomarrow, noon our time. I told them it would be up to you. Please let me know if this gives you enough time." ward-k,"I did know all of that - talked to her just the other day. I will miss her too! Let me know if, when you need anything." ward-k,"Jason is available at 3:30 and I agree we should get together before - do you want Jason involved? We could meet at 3:30 and bring Hesco in at 4:00. Let me know your thoughts. thanks," ward-k,"socal indicative offers: 1 year out of august = $12.76, 3 years = $8.50 , and 5 years = $7.15. sorry but bid week is hard to just work up prices. next week should be better." ward-k,"Willis, I just got off of the phone with my credit guy - He says that most of the people on this list are not public companies. It would be very helpful and will expedite the process if you could get the latest audited financial statements, with notes, from each of these companies. With the PG&E thing, credit is swamped, but, if I had the info in hand, I could push our cause." ward-k,"Did either one of you guys work on the APEA (American Public Energy Agency) gas prepay deal? I think it was done in 1999 and Laird Dyer worked on it. We are changing one of the counterparties and delivery points so we are going to need to amend some of the documents. I know you two are going to fight over this so as soon as the dust settles, let me know who wins!" ward-k,"Attached is a summary of the conference call held between Enron, Citizens, and PP&L on October 18th. Proposed procedures on how we will handle cuts from now on are also included. Enron is making every effort available to ensure that PP&L receives 100% of the gas that they call on. I feel that we need to formally agree to these procedures, either in the form of an amendment to the agreement or a formal letter signed by all parties. Please let me know if you have any comments regarding these procedures and how you would like to proceed." ward-k,"Hello again, Attached is a worksheet showing price indications for Calls that are $1.00, $1.50, and $2.00 out of the money. I priced the puts that you would sell to me as 25% and 50% of the call premiums. I did this for Aeco, Permian, and San Juan. Let me know if there is another way that you would like to look at them." ward-k,"Attached is my spreadsheet with the actual volumes and Gas daily prices. Let's discuss. thanks," ward-k,"Hey, just hanging in here to see what happens. Let me know if you know of anything out there that would help me pay bills! We should know more next week." ward-k,Can we overnight them? and are you sending them to Art? ward-k,Wht do you think? I was really bored ward-k,"Jay, We have been short listed on an rfp for Noresco, a power plant developer. Attached are the financial statement for the parent who is willing to guarantee the project. They plan to refresh prices and perhaps transact this week. they have received contracts from other potential suppliers already. I got the RFP late and therefore, I am running behind. I am attaching my proposal in case you need it. It will basically be a full requirements transaction out of our Socal Pool for up to 20 years. CAN WE MAKE THIS OUR NUMBER 1 PRIORITY AND GET CONTRACTS TO THEM TODAY?? PLEASE? I WILL SUPPLY BEVERAGES LATER IN THE WEEK OR PERHAPS A TICKET TO ASTROS TONIGHT (if I can find them!) Please call and let me know if we can make this hurdle! thanks," ward-k,"Darla, As far as I can tell, Craig's requests are ok. Also, the NSP and gelber invoices you sent me look ok. I am attaching my manual spreadsheet for the deals I have done from August forward. Let me know if you have any questions. Remember to use this spreadsheet in conjunction with what is in the system. Mara, I am just sending you this spreadsheet. This has nothing to do with the Griffith deal. We can discuss later." ward-k,"Susan, Sorry this has taken so long but attached is my first cut at a term sheet for Exide Technologies. Please call me with any questions or comments." ward-k,"I was working out at 5:30 this a.m.! What's the matter with you? Were you able to get the trailer off of your truck? When I got home, Suzanne came and got me and we went shopping and then to the grocery store. Went home and laid on the couch for about an hour then met Suzanne at the park for a jog. Then she came over and we grilled steak on the grill, stir fried some veggies, had a glass of wine and watched Sex in the City. Lonely, huh? When does Lawrence move in? K." ward-k,call me tomarrow - do I need to send this document to legal? K. ward-k,"J., Where are we with this process? Did you ever get whatever info Sara needed to her?" ward-k,"I don't know what to do. Boss says I don't need to look for a job and they will have to find some $$ to keep people. don't know that I want to be among the 7000 enron employees beating the streets. Any suggestions? there have been no formal announcements of layoffs but Logically, I feel like about 50% of my friends here will loose their jobs. Especially the ones not associated with gas or power. The world is in turmoil! Wish I had my sailboat and 6 mos. $$ to live on - I would go to the caribbean and stay for a while." ward-k,"no, for the gelber stuff. you know, that worksheet I sent you a long time ago." ward-k,"darla, can you send me the invoice for the griffith stuff for July? I think I need to make a change." ward-k,"Gerald & Stacy, I didn't which of you would have the most time to deal with this, but, I am responding to an RFP for provide gas to several Frito Lay plants in California for the term Dec, 2001 through October, 2003. It will be a full-requirments transaction whereby we manage the imbalance and transportation. Based on the request, they would like to execute a GISB with special provisions that I have attached. I have also included a confirmation form they would like to use to confirm the transaction for each of their facilities. ALL REQUESTED MODIFICATIONS TO THIS CONTRACT FORM MUST BE SUBMITTED WITH THE RFP RESPONSE which will be emailed to them by noon central time on Thursday, Nov. 15. Sorry for the rush, I just received the RFP yesterday and didn't realize this was a stipulation until just now. No modifications indicates that the proposed language is acceptable. I am also attaching the RFP itself. Please let me know if you have any questions. this will be a pretty standard full-requirements offer. Please let me know if you have any questions or what I can do to help." ward-k,No problem - left a message for Steve Lins but never heard from him. Will probobly send him an email today. ward-k,"Ellen, Attached is the confirmation for sept. for the city of pasadena prepared by legal. Let me know if you have any questions." ward-k,"Where is Moab - the place where you burn your feet? Barry is in Canada - for his grandmother' funeral. Went out with him - too forward and outspoken for me - at least for a first date!! And you thought I had a strong personality!!! Going to Palo Alto Thursday - hope to get a management services deal. Paul T Lucci@ENRON 04/23/2001 02:06 PM Sent by: Paul T Lucci@ENRON To: Kim Ward/HOU/ECT@ECT cc: Subject: Re: Fwd: Fw: Kids: Gotta love them!! Just got in from Moab. Is Barry in today? Was that guy that you had the bad date with the one that told you ""call me within 24hrs or lose my card?"" I was thinking about that guy after we talked, I hope he was joking or else he is a major loser!!! on 04/09/2001 05:55:00 AM To: ""'Kim.Ward@enron.com'"" cc: Subject: RE: i'm still here. we'll have to wait and see to see how it affects us. we have our own credit rating, so technically it should not affect us. but it's the perception more than anything when your name is attached to pg&e. i'll keep you posted. are you ready for easter ? do you guys have off friday. i'm coming home on friday. it's going to be one of those church weekends. church friday and saturday night. then dinner at my moms on sunday." ward-k,"Chris, I asked patti for the information and she never got back to me. Will follow up and definitely get the info tomarrow. Sorry. Kim." ward-k,Where's my BHP doc???????????? ward-k,"Steve, Attached is a term sheet showing price indications for the products that we talked about. The market it down today so they may appear to be a little high. I am still working on a structure term sheet for the pipeline capacity that we breifly discussed. Please give me a call and we can update these prices for you or we can adjust the structures if these are not the products that fit your needs. I would like to be prepared in the case that we are able to put physical or financial transactions together. In order to do so, we would like to put both a physical purchase/sale agreement and perhaps an ISDA master swap agreement in place. One thing we would need is someone to contact for financial or credit information so that we can insert the appropriate credit language in the contract drafts that we send to you. Please let me know if you have any questions and I will be in touch with the transport structure." ward-k,"hey Amy, Could you add Art Avalos ( aavalos@pnm.com ) to your price sheet email list? Let me know if you have a problem!" ward-k,"Funny - I get an email from you and Keith Aaron on the same day! Not much going on - just settling down and staying home a while since I traveled non-stop June and July. I have planned to go to Aruba in October (16th - 20) and then to St. Martin etal in January.Come to Aruba and bring friends. We are staying at the Allegra Resort all-inclusive. But we are somewhat boring - sun, san, surf, and a few suds. Let me know what else is going on! Oh, yeah - my home email address is kward1@houston.rr.com. My boss is nosy and reads my emails! Take Care," ward-k,WHAT HAPPENED TO YOU LAST NIGHT? SEND ME AN EMAIL - WITHOUT REPLYING TO THIS ONE USING KIM.WARD@ENRON.COM. WE JUST MIGRATED TO OUTLOOK AND I AM HAVING CONFLICTS WITH THE KIM WARD IN LONDON. THANKS! ward-k,"chris, Here is what is going on with Citizens right now: 1) Mike Grigsby and Randy Gay are reviewing the revisions to the Griffith contract from their perspective. I will have Patti review it once they are done. I looked at your peaking language and was not able to enhance it. However, does the new calculation address any unanticipated pipeline rate changes such that the demand margin or sales margin could be negetive? 2) interuptible gas will flow right now to Nogales from the Waha pool, according to Pattie 3) I am attaching a summary of the conference call we had on the 18th and would like your input before sending it out. 4) the capacity release was posted and matched successfully. Let me know ifyou have any questions. thanks," ward-k,"Please change your address book to include kim ward in houston and not kim e. ward in london. She continues to have to forward these emails to me. If you have questions, please call me at x30685." ward-k,"Jay, Attached is the GTC that El Paso Electric took to the top for approval. As discussed yesterday, we would prefer to put a Master in place instead of just GTC. Can we send them a master with the EXACT language? Please let me know ASAP." ward-k,"Kathy, I would like to change my United Way contribution for 2002 to $0. Please let me know what information you need to make this change." ward-k,"Craig, I agree with Charlie. I wasn't here until January so I was not aware of the Dec. 28 deal. I think that when we do August, my information should be complete. Sorry for all of the inconveniences. Thanks for your help. Kim p.s. I will tell Darla." ward-k,Let me know when you find out. Have a good day! K. ward-k,"Sean, I will have a written response to you by tomarrow - the desk is ""assuring me"" that they have made some changes and we should expect better performance. Let me know what else you need and I will get this response to you tomarrow." ward-k,"David, Here is another possible retail deal in Cali. Good Luck!" ward-k,"Hey Lyndon, It was nice to hear from you. We are in dired need of the upcoming vacation! Things here have been changing by the day. To make a long story short, my country is at war and going into a recession, the company that Kim 1, Stacy and I work for was purchased on Friday by another company after finding out that our Chief Financial Officer was involved on some questionable activities - (to the tune of about $3.5 billion) practically taking our company down single handedly, loosing about 90% of the value of our stock, therefore, we are broke, AND my boyfriend and I broke up. Things just aren't right. But hopefully, things will start to get better. I'm very glad I have a trip (that is paid for!) to look forward to! How was your gay cruise? I think I would have a hard time with that one myself! I do hope all is well with you. We will all be ready to play and relax in January! Take care -" ward-k,"Kelli, Can you help me price up a call option structure for Pasadena? They want to Buy a Nymex Call with a strike of $3.50 for July - September 02 and they want to reduce the premium by selling us a $5.50 call for the same period. Let me know if you have any questions. thanks," ward-k,"Jay is looking at updated financial information we received yesterday but I haven't heard from him. Stacy is working on a Master Draft as well as the other documents we received from them. Her ETA as of this morning is this afternoon. Basically, jay is ok with using the GISB for up to three months if Stacy is ok with it. He said that he would require a master for a 6 month transaction or longer. Will update you as soon as I get more info from Credit and Legal." ward-k,"Just talked to Noresco again and they are trying to get a handle on the credit requirements that we have so that they can be prepared. They want to do a 20 year, fixed price transaction with 10 % swing at that price. All other gas outside the 10% swing will be priced at Gas Daily +/- $.05. We are adding a $.25 premium on the 10% swing and the baseload is approximately 1000/day. If the credit requirements are different for a 10year deal, they would like to see what those are - that might sway them. Jay, I know I have been bugging you about this but I do need it in order to go forward with trying to get this deal. And they have asked me for this credit information twice today. It's all about you!! Thanks a million for your help!" ward-k,"Darla, Attached is the latest and greatest of my crude deal spreadsheet. Let me know if you have any questions. Call me when you get a chance and we can go over your questions about the June invoice as well as any other items we need to discuss." ward-k,It was very fun - and busy. Glad to see everyone and to hang out with Harriet and Angie for more than a few minutes. how was your weekend? Did you go to greenwood? ward-k,"Rod, As we discussed, attached is a proposal detailing a structure that might fit your natural gas needs. Please give me a call regarding any questions you might have and I will be in touch once I hear from credit. Thanks for your consideration, Kim Ward" ward-k,"Shannon, Would you let me know of any future cuts as soon as they occur so that I can let Sean know what is going on? thanks," ward-k,I guess we need to talk about September. We need to roll the deal or I need to remove them from my socal pool by Tuesday. What are you guys thinking? ward-k,Have we been able to put something together for Hanvover? Let me know - they keep calling. ward-k,"Jeff, Got your message this morning and we have refreshed the blend and extent price for you. For 2040 MMbtu/day at the PG&E City Gate for January, 2002 through December 2005, the blend and extend price is $5.205. Nymex for the outer years has been moving up since last week, therefore, the little increase in price. Let me know if there is anything else you need -" ward-k,Hello. sorry I missed you last night ( and Saturday night!) That football game I watched had 7 (a record) Overtimes! The game lasted until about 10:30 and my team lost. Very sad. JDA and I went to Berryhill to meet Matt last night and I thought you would be there. Is everything OK with you? K. ward-k,an indications is $4.53 for physical. Let me know if you need anything else. Basis is up today due to heat and the stage emergencies yesterday. Still waiting on Patti - she is busy because people are out. Will keep you posted. ward-k,"Thanks for the funny! We had a rough couple of days and I am tired of being the daily headline but I am told that I am safe - at least from loosing my job. Although most of us have been told that we are safe - for now - everyone seems kind of down. I'll be glad when things are back to ""normal"", whatever that is." ward-k,"mara, could you put these volumes into a spread sheet and come up with a daily average? Remember these are in therms so you need to take off one digit. Let me know if you have any questions. We need to get this done so that we can get a price to Portland my this afternoon. thanks," ward-k,"Steve, Attached is a little presentation detailing our proposal for some El Paso capacity that I previously mentioned to you. Once you have a chance to look it over, give me a call and we can discuss your interests, what would make the proposal more attractive for Santa Clara, and any questions that you might have. Also, did you receive my indications for the products you were interested in?" ward-k,"Hi guys, Just wanted to let you know that Palo Alto received some confirmations for transactions that they should not have received. I think both are related to their term third party purchases that were entered into the system. One was for 1500, which I think is related to their purchase from BP and one was for 1135 which are third party purchases from us and should already be in the system as several sale transactions to them. I can fax copies of these confirms if anyone is interested. Let me know if you have any questions." ward-k,"Suz, I say lets do it! and so does Terri. I will make Rotel dip and other stuff too. I think it will be fun - and maybe we can carry the party to the hood after! Keep me posted on how your day is going. I kind of hope you get to go today to see your fam. K." ward-k,I think I would like santa clara first. when you get the chance. ward-k,"J. & Stacy, Barry would like to set up a meeting to discuss CDWR from both a Credit and Legal standpoint before he goes to see them on Thursday. Please let me know when you are available and I will set up the meeting." ward-k,"Hello everyone, Attached is a spreadsheet showing all fixed price deals that I have done with Pasadena as well as my term sheet for February and March. I am working with Patti and Anne Bike to make sure things are in the system as best they can be. Please let me know if you have any questions and I will be glad to help you as much as I can. I am out of the office until Monday." ward-k,socal border. Thanks for your help ward-k,"Hey Steve, I'm still waiting on info from Stacy regarding adding language to your contract. Just wanted to keep you posted. If I don't talk to you, have a great long weekend and I will talk to you on Tuesday." ward-k,"Thanks you so much for working on these as fast as you have - there was a priority in getting them out. However, as you know, the less cash outlay that we have right now the better. Lets wait and try to offset the amount we owe them with what they owe us - so I say wait until you get July and August done. What do you think the time frame is on this? And when would be the earliest that we would make the payment?" ward-k,"Hi David, I got your name from Don Black as the replacement for Roger Ponce. I am on the West Gas Origination desk for ENA in Houston and often run across customers looking for gas supply, particularly in California, that would be considered retail customers. I am forwarding a request I received this morning that EES might be interested in. I will continue to forward such information to you unless you let me know you are not the person I should be contacting." ward-k,"Steve, Attached is a term sheet describing our proposal for September. The changes are highlighted in yellow. One of the things you guys might be interested in looking at long term is extending the current fixed price deals that you have and blending the price. Another is a peaking option or cap. We can talk about these things on the phone. Give me a call when you have a chance to review the term sheet and let me know what you guys want to do." ward-k,are you talking about JS? thought she was going to kentucky? I was going with my friend Elizabeth but she is probobly going to have to work on Friday. So I may just ride back with her. Trying to figure it all out. ward-k,I just heard through the vine that APS is short about 2000 MW during peak periods through June. FYI Kim ward-k,I think I might show up - was going to work out here but it will be less crowded there. See you ward-k,"Please call me when you get a chance. I have a question. thanks, Kimmie" ward-k,"Jack, I have been unable to get this message to Larry. Would you make sure he gets it for me?" ward-k,"I never heard from you regarding this. What's up? Also, I left you a message regarding Hesco this morning. Please call -" ward-k,"This is ok with me - I take it we have used the ""long form"" with them in the past. If this is the case, can we get an isda draft together for them?" ward-k,"Darla, Attached is a spreadsheet we prepared that details August business with Citizens regarding the Griffith deal. Please use this to prepare your invoice. Also, please inform me if they do not pay us by the due date. John Cogan should not be paid until we get paid by Citizens. Please call me and we can discuss the spreadsheet as there are cells that must be verified against the TW invoice as well as Sitara. In addition to billing Citizens, the following entries need to be made each month: 1) payment to John Cogan 2) origination to Kim Ward and Chris Foster (50/50) 3) payment to EARMS for the $.02 insurance Chris negotiated These amounts are dealed in the last three columns of the spreadsheet. There may be some updates to the spreadsheet that will create some prior adjustments but these should be ironed out soon. Call me when you get a chance." ward-k,"I am showing some physical and financial transactions to the city of Santa Clara, also known as Silicon Valley Power. We have done a lot of business with them on the power side and I want to sell them some gas. Can we review them and send out a draft Enfolio and Isda? Let me know if you have any quesitons." ward-k,Palo Alto for December. Let me know if you have any questions. ward-k,"Steve, Attached is the legal opinion. Sara Shackleton will be the attorney we meet with on your changes and she is available all Wednesday afternoon. Do you want to say 1:30 your time, 3:30 ours? Please confirm and I will set everything up with Stephanie." ward-k,"Darla, do you have that worksheet that I sent you that has June on it? I deleted june and july so I need your help." ward-k,"Janette, Attached is the Parent Guaranty form that we need to get executed in order to do business. Enron's credit department is asking for the guaranty to be for $10 million. Let me know if you guys are agreeable to this. Also, I need to know if the name of the guarantor is BHP BILLITON LTD. We couldn't tell from the web site if this was correct. Let me know if you need updated pricing. Prices were down on the day but have moved back up." ward-k,"Lou, Our price indications for PG&E City Gate delivery for 18 and 21 mos out of October, 2001 are $3.78. For the term June, 2003 through July 2006, it is $3.97. Please call me if you have any questions or need additional pricing." ward-k,"Stacy, Any news on Hesco this morning? Let me know -" ward-k,"It was painful ! Actually made it through an airplane flight, 2 meetings, a reception, and dinner!! ""King, Brad"" on 03/26/2001 07:05:49 AM To: ""'Kim.Ward@enron.com'"" cc: Subject: RE: you back in the office? ouch....never made it in on Thursday, don't know how you did it." ward-k,Here is the lastest spreadsheet of deals I have done with Citizens. Please call if you have questions. ward-k,"Terri, What's going on and how was your weekend? We are still working on the TN/FLA party - Suzanne is worried about enough places for people to sit - but I say she shouldn't worry - just have a lot of beer! Are you going to see PH over the holiday? Don't know for sure what I am doing yet - thinking about going to Dallas - gotta work out the logistics though. Let's get together for a beer soon -" ward-k,"e. Here's my stuff - 3110 lake St. Houston, 77098. 713-526-7117. kward1@houston.rr.com. Good Luck and please keep in touch." ward-k,So do we have a special agreement in place for the full requirements gas deal? I think that you did that deal before I came to the gas desk. How can I get a copy of the penalty language? ward-k,monthly would be correct! Thanks! ward-k,"Hello everyone, I got an email yesterday from Jack confirming our meeting on Monday at 2 p.m. In light of the recent tragic events and the chaotic state that the commercial airline industry is in, Barry and I will not be traveling to California next week. We apologize for any inconvenience this may have caused. We do plan to come out to California to see you guys at a later date. Once things have settled down and we are able to re-schedule, we will be in touch. Steve, I am working with Legal to have executable documents sent to you and will keep you posted. Thanks again for your patience. Please call me if any of you need anything or have any questions." ward-k,"Karla, Have you received these confirms yet? Please let me know. thanks," ward-k,I just talked to Jay and he doesn't want to do a long term deal with them. I have a call in to the consultant. Max Jay might agree to is 3 months. ward-k,"We did have fun - Camille was interested in the other Chris and wouldn't leave - I think we were loaded too. Sorry for flirting a little too much - I don't know if you told Stanton that I hit on you until 5 in the morning or if he just read that into your story - but it drove him crazy. He called my house at 2:30 am Sunday morning very drunk and being very wierd! Anyway, it was a great party - thanks for the invitation. Until next time -" ward-k,I am back in the office - we are having a conference call this afternoon to iron out the last calculation questions and you will get a final spreadsheet for August and September from Mara Bronstein. I have not talked to Sarabeth as you have the only copy of the invoice that I had. Have you talked to Bryce about that invoice? What do you guys need in order to pay them? ward-k,"ok, I was wondering if you came to work today. I certainly didn't want to! still sorry to hear about your deal. I hope things get better!" ward-k,"Wes, Attached is our Master Firm Purchase/Sale agreement for physical natural gas transactions. Let me know if you have any questions - I can have our legal team standing by to answer them. Also, if you need any price info, just let me know." ward-k,I will be happy to cruise the mall with you - as long as we don't go on halloween! Have a great afternoon and I will see you later! K. ward-k,"Art, An at the money Daily call option (against first of the month index) for gas at San Juan is $.24 for Q3 next year. At the money monthly call options would be $.58 with a strike of $3.10. A fixed price daily call option would be $.60 with a strike of $3.10. Let me know if you have any questions." ward-k,"In light of the recent events here at enron and the uncertainty surrounding all of our employment, I would like each of you to have my home email address so that you can keep in touch. No matter what happens, the work email address will change, whether I stay at Enron and we are aquired or I change companies. Who knows what will happen or what the timing will be! Donations can be made to - just kidding! Hope all is well with all of you! Kim" ward-k,"El, I am in for sure. Just gotta look into possibly using miles. I think Suz might be in as well. What about Rosie? Let me now the details! Thanks for the invite - K." ward-k,"Susie, Unfortunately, I have a customer in town that night. when it rains, it pours! Hopefully, we can get together soon. Thanks for inviting me." ward-k,"Steve, Attached are two copies of the revised ISDA - one is redlined and one is not. If you are ready for an executable copy, please let me know and I will have them printed out and sent to you. Sara Shackleton is on vacation this week but Marie Heard is trying to start the process for outside counsil opinion. I will keep you informed as I know more about this. Please let me know if you have any questions or need anything at all from me. Thanks!" ward-k,"Travis, Any news on Hesco documents? Let me know when you think you will haev something." ward-k,"Jane, The difference between your price indications and EOL are twofold. One, we are showing you physical markets on the price indications and EOL is strickly financial and for a specific product. There are many differences in these two products, depending on term, physical premiums, the trader's position, etc. Two, the price indications that you receive are based on yesterday's markets. EOL is a real time current market price for the specific product listed. Give me a call if you have any more questions and we can discuss further. thanks," ward-k,"they look good to me. Thanks for letting me take a look! Kim Richard Deming@ENRON 04/19/2001 05:59 AM To: Kim Ward/HOU/ECT@ECT cc: Ellen Wallumrod/NA/Enron@ENRON Subject: City of Palo Alto Kim, Please take a look and let me know if you are happy for these confirms to go out. Thank You Richard" ward-k,"Darla, I did run across some missing NSP deals for June and July and some price mismatches for a couple of NSP deals for July. For June, 3000/day priced at $4.70 and fior July. 3,100/day priced at $4.79. Also, I am resending you July and the Yellow highlights show the two deals that I don't agree with the price. Call me with quesitons" ward-k,"Jim, I am very interested in supplying your gas and plan on responding to your request for qualification. If there is anything else that you need in the meantime, please give me a call." ward-k,"FYI - here are the plans for New Years - you should join us. This is going to be fun! 27th - Camille arrives in Denver 28th - Kim arrives in Denver 29th a.m. - Kim, Camille, Gayleen, Molly, Paul, and Paul's friend drive to Vail, ski, and play. Stay in Vail (Paul has reserved 2 rooms) 30th - ski Vail and drive back to denver 31st - Paul is responsible for finding an awesome party for us in Denver. 1st - Kim goes back to Houston (to pack for the Caribbean!) Paul has all the details if you are interested -" ward-k,It is right behind 3112. There are only 3 garden homes inside the gate - and 3110 is real big on my double green doors. Call if you get lost - 713-412-4571. ward-k,"Darla, Could you please remit to John Cogan $749.9 for a brokering fee due him related to sales to Citizens Utilites for July, 2001. Please let me know if you have any questions." ward-k,"when is the meeting and where? thanks," ward-k,"I am living in an awesome garden home 1 block west of Kirby between richmond and West Alabama. Awesome location. You will have to see it sometime. I think I invited you to my housewarming party. I will just have to keep your name on the list for future parties. I never have customers in town but I have three in next week, including dinner plans with Tucson Electric on Thursday night. Maybe the following Thursday? I am usually open - let me know." ward-k,Could you guys look into this for me? Why would they be billed different volumes by us vs. SoCal? ward-k,"Mike, I have attached an indicative terms sheet for full-requirements gas supply. It is similar to the initial proposal that I have made to other municipalities in northern California. However, many changes were made and negotiated based on several factors. Some of those factors include the types of customers behind your city gate (residential, power generation), what your load profile is correlated to (weather), transport owned, and other services requested. Also, the type of pricing you are looking for can affect the structure. Call me on Tuesday and we can talk about the City of Roseville more specifically. (I will be out Monday) Have a great weekend! I hope this is helpful." ward-k,"Jeff, If you have the tracking number for the financial info you sent, I can track it down this morning. Let me know." ward-k,"We will have our conference call with Glendale at 3:30 our time on Wednesday. Is your office OK? Jay, if you would like to join us, you are welcome. I don't know if any of their changes will include the credit annex or not. Sara, Steve will also want to know what else we need from him ( I know it is listed in the doc) and when he needs to provide such. Thanks for your assistance! Kim" ward-k,"Yonnie, I hope you are doing well. I just talked to Wende and we discussed having lunch with you on the 26th. My flight isn't until 7 pm that day and I would love to see you. I hope you will be able to make it! My job search is going well. I was in Denver yesterday and that looks promising. I may just wait for the new deal here to go through to see what is still left with the ""new company"". I am traveling Jan 3 - 12 so it just makes sense to wait! We can chat more when I see you! Let either me or Wende know if you can make it! Talk to you later - Love," ward-k,"I am available next week. I would love to get together. Tonight, an old friend is coming by the house for a drink around 6. I would love for you to join us. He is married and will probobly have to go home. Don't know what's going on after. Pete and I broke up last night. Very sad. Call me if you get a chance 713-853-0685 K." ward-k,"J., BHP is still in the market for Balance august San Juan. Can we do this or can you call that guy that spiro recommended ASAP? Please let me know. thanks," ward-k,"Hi guys, Attached is the swap picture we discussed. I am working on some call prices as well and will send them asap. Prices fell significantly today - probobly $.20 going one year out at the PG&E City gate. Let me know if you have any questions." ward-k,"Jay, A couple of weeks ago I asked you to review the City of Las Cruces and let me know if we have an enfolio or if we have sent them a draft. Could you let me know where we stand with that? I need to respond to them by Monday, the 8th. thanks, Kim PS Also, I know you sent Debra a request for an Enfolio for IID but I never received a copy. Did you?" ward-k,"Darla, I made a few changes to this spreadsheet. Please discard the other one that you have." ward-k,"Ang, H and I were talking about coming to your house for thanksgiving. Or ya'll could come to mine! We aould both have to use miles - cash is a rare commodity in my world these days. What do you think???? Call me if you get a chance - 713-526-7117 is home and 713-412-4571 is cell." ward-k,"Lou, Sorry I am just now getting back to you but I have been on vacation. Anyway, the answer to your questions is $.70 today. That number can change with the market though. Keep me posted on any potential gas transactions you have going on and let me know if you need any price indications." ward-k,"I will be traveling to Arizona for meetings next Tuesday and will be meeting with Salt River Project. I would like to be able to take our ISDA comments with me. Where do we stand with this? thanks," ward-k,"Hey! Glad to hear you are well. I have thought about our days on the 92nd floor as well. Had some acquaintances that worked for Cantor as well as a close friend who worked for them that was called back to Houston for a meeting that very morning. Very glad he is with us today! It is cool that you hired Palmore. You will have to tell him hello for me. I did come back to Houston in January. Enron brought me back to peddle gas in the West US. Nothing much new in my life, just a new house and job - but I am glad to be back. I miss the outdoor life in Portland but the people here are so much more fun and nice! If you are ever in town - you better have a beer with me! I will let you know if I am in Dallas - Take care," ward-k,"where will you be coming from? If you go south on Kirby, turn left and travel west on Richmond. Take the first right onto Lake street. Go through the first stop sign and I am behind the black iron gate on your left. My address is 3110 Lake and I am behind 3112 Lake. Park on the street. If the car gate is closed, the people gate code is c1984. See you then -" ward-k,"John, Our primary delivery point on the EP capacity is the border so it would have to flow as an alternative delivery location and would be subject to cuts. I would like to talk to you in more detail about this with the assistance of Stephanie Miller who is the tport expert in our group. Then you can decide how you would like to persue. Stephanie will be available in the morning before 11:00 am CDT. Please give me a call when you can -" ward-k,"Hey Lyndon, How are you? Long time - no email! I hope things are going well for you. Went to Happy Hour with Kim 1, Susie, Stacy, and Melissa last night. Susie and Stacy just got back from the Bahamas. Kim 1 and Melissa left today for Cabo San Lucas. As for me, I am painting the inside of my house. Not nearly as much fun. But with this economy combined with my company's 3rd quarter earnings - my net worth is the worst it has been in YEARS!!!! In other words - I am poor! Anyway, we were talking about our upcoming trip on the Poly in January and we were all wondering (especially me) if you had decided to remain in Austrailia or rejoin Casey on the boat. I think we all hope we see you in Jan! Gotta go back to work and try to get this stock price back up - take care, keep in touch, and let me know what fun things you have been up to! Love," ward-k,"Hi Jeff, Laird gave me your name and number so that I can pass on notional price information that you asked for. Let me know anytime you need to see our price indications and I will do what I can to help you. I know that Laird has worked with you guys extensively. The prices that he said you were looking at are listed below and are based on PG&E City gate prices: Q4, 2001 $11.70 2 years - Jan. 2002-Dec 2003 $ 6.80 5 years - Jan. 2002-Dec 2006 $ 5.85 Oct. 2001 - Dec. 2003 $ 7.38 I tried to call but it was after hours for you. Give me a call and let me know where you are with your gas supply negotiations and I will try to pick up where Laird left off." ward-k,"Tom, Hello. Are you still heading to houston? My cell phone is 713-412-4571. Call me (or email me) and let me know what your plans are and if you still want us to meet you out. I will probobly bring Kim one with me. We'll buy you a congratulatory drink! Hope to see tomarrow! Kim" ward-k,"Sara, I would like to set up a conference call with you and my counterparts at the City of Glendale. They have some questions regarding some currency language. Just let me know when you are available and I will set it up with Glendale. I'm sorry I can't be more clear - I got the information off of a voice message. Call me if you have any questions." ward-k,"Trip was great!! Got some sun, some spa treatments, and drank frozen girlie drinks. Can't wait for Cozumel!! Any more bad dates lately? I had one last night - a man with a little too much personality for me!! Paul T Lucci@ENRON 04/17/2001 02:27 PM Sent by: Paul T Lucci@ENRON To: Kim Ward/HOU/ECT@ECT cc: Subject: Re: Fwd: Fw: Kids: Gotta love them!! That's funny! How was you trip? Did you pamper yourself? OR dholcom@smud.org . told him he should get it tomarrow. ward-k,"Once again, I didn't have all information and shared with you an incomplete package for july! Attached is a spreadsheet with the missing peices. I promise, we will get this procedure in place once and for all! Sorry for the inconvenience. Let me know if you have any questions." ward-k,"When: Wednesday, August 29, 2001 10:30 AM-11:00 AM (GMT-06:00) Central Time (US & Canada). Where: EB 3267" ward-k,"Finally, I think this one is for you! Have a good day!" ward-k,"J. I am looking at a June, july, august product for 02-06 for Gaylord container. 3000/day at PG&E citygate. Is credit ok with this and what kind of contracts do we have in place. Showing him a price on Monday morning. thanks," ward-k,Thanks!! ward-k,"Darla, I have revised the spreadsheet I have been sending you with the fixed prices for the citizens deal. Let me know if you have any questions or would like to see additional enhancements. As deals are done, I will continue to update this spreadsheet." ward-k,"Since I have my long vacation in January, the less time I have to take off, the better - so I think a long holiday weekend would be good. Let me know!" ward-k,"Steve, Attached are form certificates that you can use for the first two documents required to be included with your executed ISDA. I hope these are helpful - please let me know if you have any questions or need additional information." ward-k,"Chris, I have set up a tentative conference call with John cogan for 10 a.m. CDT/8 a.m. PDT tomarrow. Is this time good for you? If not, please let me know what time is good for you. I think John is pretty flexible as he is hanging out in New Orleans. thanks," ward-k,"Darla, Could you please remit to John Cogan $1,130.84 for a brokering fee due him related to sales to Citizens Utilites for June, 2001. Please let me know if you have any questions." ward-k,"Chris, Attached is a draft copy of a Master Purchase/Sale Agreement for physical natural gas transactions. We are working on some of the information that Bonnie sent us and will be in touch next week with some ideas. It would be good for us to go ahead and get things rolling with this contract so we will be prepared to enter into transactions, whether they fall within the the realm of the management services agreement or not. Please call me with any questions you might have. My legal guys are standing by to assist, too. Have a good weekend - Kim" ward-k,"Kelli, Could you send me the NCPA worksheet? thanks," ward-k,"Any word on BHP copper? We have a couple of days to determine whether we can transact with them or not. Right now, they are only looking at Bal Aug, Sep, and Oct San Juan. Let me know" ward-k,"Jeff, Attached is our sample agreement. Our legal guys are standing by to answer any questions. Let me know if there is anything else that you need." ward-k,"MJ, How are you doing? Things here are definitely roller coaster status but stablizing a bit! How was your wine tour? I thought about you guys. It looked like so much fun! Elliot is thinking about having people come to Stinson Dec. 15 and 16 and I was thinking about coming a day early or leaving a day later (or maybe both!) I am thinking that you might be out of town around there but If you are around, I would like to get together with you if it all works out. Let me know what you think!! And I hope all is going well for you!" ward-k,"Hey, Here are the pictures I told you about. This is definitely what I miss about Portland! Again, hope you have a great day off tomarrow and that I see you again soon!" ward-k,"Jay, Did you send this out to wheelabrator? Let me know - Thanks! K." ward-k,J. Barry wants to know if any of the lawyers have seen the documents provided by CDWR. Let me know what their take is. ward-k,"Chris, If you have a minute, will you look at this term sheet? His volumes are really small but if we get the Palo Alto deal it won't be that big of a deal - unless we have to schedule less than 1 MMBtu. Oh yo! His average daily volume, for both plants is about 178/day, based on annual usage. I have proposed basically a GD deal with a first of the month index option if he can set a BDQ. Thanks in advance." ward-k,"In a message dated 10/20/01 9:35:02 AM Pacific Standard Time, Hbskuro writes: > > An Irish Wish, , , , , , , , > > > > > > You had better send this back! ! ! ! Good Luck! ! I hope it works. . . > > > May there always be work for your hands to do; > > > May your purse always hold a coin or two; > > > May the sun always shine on your windowpane; > > > May a rainbow be certain to follow each rain; > > > May the hand of a friend always be near you; > > > May God fill your heart with gladness to cheer you. > > > > > > Ok, this is what you have to do. . . . Send this to ALL of your >friends! > > > > > > But - you HAVE to send this within 1 hour from when you open it! > > > > > > Now. . . . . . . . . . . . . . . . . Make A wish! ! ! ! ! ! > > > > > > I hope you made your wish! > > > Now then, if you send to: > > > * 1 person --- your wish will be granted in 1 year > > > * 3 people --- 6 months > > > * 5 people --- 3 months > > > * 6 people --- 1 month > > > * 7 people --- 2 weeks > > > * 8 people --- 1 week > > > * 9 people --- 5 days > > > *10 people --- 3 days > > > *12 people --- 2 days > > > *15 people --- 1 day > > > *20 people --- 3 hours > > > > > >> > if you send it 2 of your friends . . . . you will >automatically > > > have > > > 3 years of good luck! ! ! : -) > > > > > > *** Believe in yourself, know what you want, and make it happen! > > > > > > > > _________________________________________________________________ Get your FREE download of MSN Explorer at" ward-k,"Art, It looks like I won't be able to make it. I have some meetings set up that I seem to be unable to re-arrange. I really appreciate the invite though. Maybe next time. However, I am going to try to make it to Albuquerque before the end of the year. I will let you know what my plans are. Thanks again for the invitation. Sorry I didn't get back to you sooner." ward-k,"Mara, Could you break the attached volumes down to MMbtu/day for each facility as well as total per day? thanks," ward-k,"Phil, Attached is a draft Natural Gas Purchase/Sale Agreement. My apologies for taking so much time. I hope it is not too late. Please call me with any questions and if we need to, I can get credit on the phone." ward-k,"Eric, Attached is a spreadsheet with the price indications you asked for. I hope it is helpful. Let me know if there is anything else you need." ward-k,Please remind me of the exact changes so I can go to my back office. Things have just been crazy around here so sorry for overlooking this. ' ward-k,"I have set up a meeting in 32C2 at 1:00 pm central time to discuss the citizens deal and booking issues associated with it. Chris, we will call you from the speaker phone in that conference room. Let me know if there are any conflicts. thanks," ward-k,"Karla, The confirmation group will resend the confirms and it does look like we will need you guys to sign them and fax them back to us. Our fax number is listed below. Let me know if you need anything else." ward-k,But Oregon would be eaten alive by Miami - they haven't played anyone this year. Just got a call about a power originator job in Denver. Interesting! ward-k,"FYI, attached is our response to Los Angeles Department of Water and Power's request that we execute their new Spot Gas Contract. Please let me know if you have any questions." ward-k,"Mara, Here is the proposed revised contract with Citizens. Could you take a look at it and see if the logic works in accordance with the spreadsheet? sort of like how you built the original spreadsheet from the original contract. Let me know if you have any questions and how this turns out." ward-k,"Dan, Attached is a term sheet that has been agreed to with the City of Pasadena to extend a current deal that we have with some minor changes. Could you help me put together the confirmation? Please call me with any questions." ward-k,I got the agreement this morning but they misspelled Roseville!! I am having them change it and will email it to you when I get it. Do you want me to send you a hard copy or is an email version ok with you? Let me know - ward-k,"Mary, Attached is a letter notifying Socal Gas that Enron Administrative Services is no longer the authorized marketer for Jefferson Smurfit Corp & Stone Container Corp. Please let me know if you have any questions." ward-k,What's up with this? they are looking to lock in 12-16 months of gas prices. We have been selling to them month to month for 6 months. Have there been any problems? Are we going to let them go to Amoco? ward-k,Sure!! Jeff at Merced said to tell you not to stay late!! ward-k,"The physical basis offer indication for Dec - March at the City Gate is about $.32. The fixed price indiation for the 38 month period you mentioned is approximately $4.39. We need to discuss this structure in detail if you are serious about buying physical gas from us and we also need to get contracts in place. Let me know if there is anything else you need. thanks," ward-k,"Brent, Attached is my response to your RFP request. Please let me know if you have any questions -" ward-k,"Janette, Could you do me a huge favor and have Vito give Jay Williams of our credit department a call. Jay is having trouble getting through the pohone lines to you guys for some reason. Jay has tried to track down some financial information internally and has had no luck and doesn't know where else to look. His number is 713-345-3923. I really do appreicate you passing this message along." ward-k,"Garrett, I do have E.'s home email address - emainzer@attbi.com. Thought you might like it." ward-k,"Sean, Attached is our response to your request for a description of the steps Enron is taking to improve flows to the Griffith power plant. Please let me know if you have any questions." ward-k,"Attached are some changes I scribbled on the document that Theresa sent me for the City of Mesa. Stacy will probobly call Debra with all of these changes. Also attached is the term sheet for this transaction. (Alternative one). Dave Fuller will be working on this document and with this customer starting thursday, July 12. I will be back on the 25th. Also, Jan Kennedy's (the customer) email address is Jan_Kennedy@ci.mesa.az.us thanks for your help. Kim ps. I can't attach the changes but I believe Stacy has everything." ward-k,I think he gets in around 3. I can try to arrange the same and we can go straight there. Where do you want to play? ward-k,"check out the following websites for airfare: www.orbitz.com - the best so far. www.cheaptickets.com www.hotwire.com - with this one, you see the offer but won't know the airline or flight times until you lift the offer register for sidestep and it will show you what priceline offers anytime you look for airfare under any other platform Then of course, there is expedia and travelocity - but they tend to be more expensive. Also, sometimes when you check the same website again 5 minutes later, it will show a better price. Don't forget - tomarrow is 7 days in advance (that might matter) p.s. If you want to see how UN attractive my friends are - we are going to be a the wine bucket (new place - W. Alabama just east of Kirby) at 6 pm tonight. Suzanne, Camille, Jeanie, Lori, Elizabeth. You can check Camille out for yourself. Bring others along." ward-k,"Dan, Just wanted to follow up with you to see how things ended up with your RFP. I would really like to be the natural gas supplier to your plants in California. Please call me at your earliest convenience - 713-853-0685." ward-k,"As I am not involved in the daily operations behind this deal, I will need your input in order to respond to this request. As I have indicated, the frequency of cuts has caused tremedous concern and Citizens is considering walking away from this deal. They need assurance that this gas is going to flow in order to continue. Do we need to have a meeting? And when can I expect a response from the desk?" ward-k,"Lynn, Attached are confirms for September and October. Please let me know if you have any questions. thanks," ward-k,"Chris, this looks good to me. Stephanie is checking with Transwestern to see what their parking/lending fees would be for weekends, just for an idea. I am also talking to the desk. I will keep you posted. Kim To: Kim Ward/HOU/ECT@ECT cc: Subject: Re: Fwd: Citizens Gas Supply Offer - PPL counter proposal Kim: Please review and add anything you want and return. C John/Sean: A few thoughts on the Griffith deal: 1. Term: PPL indicates they want to do the deal through 2003. That is really 2003 - 2004 as it incldues Nov - Mar. Extension until this time might require extension of our underlying deal. This would be OK with us. 2. Character of service: The text indicates that PPL would have the right to request deliveries be made to an alternqate point on TW. Why would they want this? This could be a problem if we know the gas wouldn't flow as we would shut in puchases. We would like to make this on a mutually acceptable basis. 3. Pricing: Does the reservation cahrge include variable transport? I think that is what we proposed. If not, then the Commodity rate flow needs to include the variable cost of transport plus fuel. 4. Conditions: Noms must be in at 8:00 am. This is very important and the a deal killer. We need time to manage the position. Also, the weekend issue needs to be addressed. As we have discussed, weekends trade as the same quantity each day. If they want to vary the daily amoount during the weekend and make Sunday higher than Sat or Monday, that is fairly ewaasy to deal with. If they want to have lower takes on Sunday, this is more difficult ad increases costs. We might be able to craft a solution to this however. Chris Enron Capital & Trade Resources" ward-k,Saw you at the baseball game last night. Credit being all work and no play is just not true! ward-k,Chino plant 100% down = 80 MW Bagdad plant - 50% decrease in production = 40 mw Cerrito plant - 50% decrease in production = 40 mw Basically 120 -150 MW offline due to PDs decrease in producion. the same percentage decrease in gas demand is what we should see. Let me know if you would like us to investigate this further. ward-k,"Anne, Please book the following accrual origination from grigsby's book to myself and Chris Foster ( 50% each): June 2001 $9,566.58 July 2001 $5,706.52 Aug 2001 $7,736.97 Also, are you the one that I need to inform of what to pay John Cogan? And if so, what months and amounts have we paid him? I will have september ready today or tomarrow and October ready by the 10th which will be our standard procedure. Let me know if you have any questions. thanks, Kim ps attached are the supporting" ward-k,Here they are. I figured that Jan. 19th deal out. Call me with any questions. Thanks ward-k,"Charlie, Can we reprice Mesa based on price movements today. Also, can we price it with a floor of $2.75?" ward-k,"As you probobly knew, Camille is gone. I missed working out with Dean this morning - oh well. Thought you might want to know about Camille." ward-k,"They are forwarding the name and number of a financial/credit guy from Noresco as soon as they can. They asked for a ball park and I could not help them. Would it make a difference if we did 20 year index (for baseload) with gs daily for the swing? Due to credit requirements from others we are competeing with on this, they are considering an index with the supplier with Noresco doing an internal financial swap with a sister company, perhaps Equitable. what do you think? I will keep you posted on discussions. Thanks!" ward-k,"Hey Brian! Good to hear from you - we are just sitting here watching our stock get killed AGAIN!! Thanks for the pep talk last week - I certainly needed it. Let me know next time you guys are out - maybe I can join in the fun! Take care," ward-k,"Jeff, A 10 year fixed price indication at the PG&E City Gate out of Jan. 02 is approximately $3.32. I hope this is helpful. Let me know how I can help facilitate the blend with Merced. Let me know if there is any thing else that you need. thanks," ward-k,of course - where do you want to meet? and what time? ward-k,"Hey, just workin and playin. No planned vacations! What's new with you? How's work? Things here have slowed down somewhat. Hope that's not a bad sign for next year! What have you been up to? Haven't seen you about town at all." ward-k,Guess the pressure worked! This was sent to Tom by legal. thought you should get a copy too. ward-k,I just left him ANOTHER message. his number is 925-243-0350 and his email is mbaldwin@igservice.com ward-k,"Art, We can price this up for you but I have a couple of questions - 1) Is this physical or financial 2) Is is a daily call or monthly call 3) Would you like this priced at the money or $.50, $1.00 or more out of the money? I other words, what do you want your cap to be?" ward-k,I've got Travis on the phone RIGHT NOW with Hesco info. I want to conference you ward-k,"FYI, We are addressing this today. Grigsby knows they are pissed and he knows that I am pissed. If they expect me to continue to sell products involving service from their desk, and they get paid for that service, they are going to have to do a better job. Citizens isn't the only one that I feel has service issues from the desk." ward-k,"Chris, Besides making this consistant and pretty, how does this spreadsheet look to you? Am I leaving anything out? According to the desk, they didn't take much during July." ward-k,"Kelli, Could you (or someone) price up an @ the money call option for 1500/day (physical) at Malin for July - October, 2004? Please let me know if you have any questions! thanks," ward-k,"Hey Chris, glad to hear from you. I am going to try to make it by your party tomarrow night - and perhaps, bring my friend Camille. Let me know if there is anything that I can bring. See you then -" ward-k,"el, I think you sent this to the wrong place. just talked to suzanne and she is in - as long as we can get there cheap. As for Sunday, when do you think people will leave. Being 2 hours later here in houston, we might have to leave pretty early. what are your thoughts?" ward-k,"Sara, I am available all day wednesday but will be out of the office on Thursday. Let me know when you would like to meet." ward-k,"Amy, Could you remove Jan Kennedy from your email list (City of Mesa) and add clifford_cauthen@ci.mesa.az.us ? Let me know if you have any questions." ward-k,"Funny you should ask about my life right now. Now you are sure to get an earful! Beware - My country is at war and going into a major recession, my company is falling down around my feet, my grandmother is sick, I am broke, and my boyfriend broke up with me last week, further confirming my ability to fail when it comes to relationships. ( I know I act tought when it comes to this stuff but I am really sad about this one) I guess that I am not sick and I do have lots of friends. But I am tired and need someone to take over at this point - - - - I can't believe that you didn't get my email about gas being a buy a couple of weeks ago. I guess if I had seen you when I was there, I could have told you in person. AS for business over here, gas and power trading is still going strong. However, all of the events have affected us in a huge way financially. Down to whether we get bonuses or not. It is not going to be a good year just trying to stay strong but I think that we will survive, and mostly thanks to EnronOnline. Curious about what's going on there since you mentioned it. Anyway - sorry to burden you with my personal problems. I do hope things are going ok for you - too bad you're not going to make it here. As we are in a cash crunch, I think I am probobly grounded for the remainder of the year. Who knows! Keep in touch - K." ward-k,Good morning! Got your message last night when I got home from the game. Didn't want to wake you up. How was your day yesterday? Mine was very busy - lots of things going on. Hopefully some tickets and $$$ will come out of all of it! Anyway - I hope you have a good day today! Talk to you later - K. ward-k,"Darla, Could you please remit to John Cogan $1,275.54 for a brokering fee due him related to sales to Citizens Utilites for June, 2001. Please let me know if you have any questions." ward-k,"J., I am attaching proforma statements for the 2 Panda projects in Arizona. Hopefully we can put together a credit worksheet and send them a contract. (At least that's where I think we are!) Any news on SRP or NCPA?" ward-k,"Chris, Call me if you have any questions. These prices are pretty much where our offers are. Also, I didn't do anything with the physical premium. We could probobly get is lowered. Let me know. thanks," ward-k,"that is exactly it - and it worked for me today. kward1@houston.rr.com. try it again and let me know if you have a problem. did you have fun with the guy you met out friday? I would like to visit austin sometime. Hopefully soon! Thanks for the offer. I will be in touch soon - and you are welcome to stay with me anytime! take care," ward-k,"Steve, It appears as though the outside council opinion is no longer keeping us from completing the ISDA. If you guys are ok with the current language, we can send you an executable copy and you guys can sign and send back with all of the documents that are required according to the ISDA. We are prepared to provide you with our documents and will send them with the executable copies of the ISDA. Call me when you get a chance and let me know what your status is. I think Barry and I will be in So. California the 17th and 18th. If you have some time, we would like to stop by and see you guys. Just let me know when you are available." ward-k,How is 1:30 today in Stacy's office for the conference call with Hesco? I 've left a message with them and asked them if this time was ok. Will let you know if they are good with it once I hear from them. ward-k,"Travis and Stacy, I just heard from the Hesco guys and they would like to set up a meeting or conference call to discuss the master and collateral assignment documents. I think that they have some questions and comments. Please let me know when you are available and your preference, meeting or conference call, and I will set it up." ward-k,"Karla, We are printing the confirms and signing them this morning and will fax them to you soon after. If a faxed signed copy is not ok, please let me know and we will send you originals overnight." ward-k,I will work on this for you - and will be in touch. Thanks! ward-k,"Hey, I called both of your contacts on Friday and have not heard back from either of them! Does Kristin Stanton work for either of them? Kim ps. I'm still at work - will know more by" ward-k,"Jason, Let me know if this is not what you need. Thanks for your help." ward-k,I didn't get it. It may be because you sent it to Kim.Ward@ect.enron.com. Sometimes that works and sometimes not. If you get a chance to try kim.ward@enron.com it would be great. Sorry for the trouble! Thanks for helping me out! Kim ward-k,"Mike, We still haven't heard from Dave - he may be wondering who Jason Williams from Enron is. If you guys could work him from you end, it could speed things up. Thanks for your help," ward-k,"Lou, We are working up some prices for you today. I will call you when we have those numbers. Let me know if you need anything else in the mean time." ward-k,"It's official - I am coming in on Saturday, Sept. 8. Missing the matchbox 20 concert here in houston!" ward-k,are you there? Call me - ward-k,"Hey Mary Jo, Sorry it has taken me so long to reply. It sounds like a blast but I was unable to find good airfare. I might check again today and if things change, I will let you know. Thanks for thinking of me and for the invitation. Maybe some other weekend - I do hope to see you again soon." ward-k,VERY Cool! I will keep you posted on the structure that we are focusing on. Right now it is Nymex + physcial basis. They will lock in basis but not Nymex. We can talk about the potential risks there if you want. ward-k,I would love to - I really like going to the movies but never seem to make it! Only one stipulation though - we don't go see planet of the apes! I heard it was REALLY bad - possibly the worst movie ever made. ward-k,my friend Shannon is coming over at about 6:30 and we are going out - somewhere. what are you doing? ward-k,"Monica, Attached are the price indications that you asked for. Let me know if you want to do anything or if you have any questions." ward-k,"We are not authorized marketer - only agent. In other words, we are scheduling for them but not supplying their gas." ward-k,"Sent to David Hensel, Director of West Marketing for EES. He will probobly delegate it. Let me know if you need anything else." ward-k,I think it was the version Dan used to prepare the confirmation. Do you need it? ward-k,"Gerald, Thanks for looking at this for us. When do you think you will have a chance to review it? I talked to the customer today - they are looking at doing some 2002 and 2003 transactions. Also, do we need to have credit re-review? Let me know what you need from me (us) and if I can help in any way." ward-k,I think this is everything. I will also forward more info if I can find it. ward-k,"Hello again, I talked to Mary Jo yesterday and exchanged emails with Tricia - looks like they are thinking of a girls weekend in Chicago Oct. 26 -28. If Tricia didn't ask you for your address before, she needs it - as do I. How does that look for you? I can get a ticket right now for $188. I do wish you would come down here with Jeff sometime. Of course I would want to have you for part of the time you were here! Jeff could come too - we could go to dinner or I could have a bar-b-que or something! Yes - I am still hanging out with Pete. Things are good. He is very nice and lots of fun! Keep me posted on the girls weekend and I hope things are going well for you! Love," ward-k,"Lou, Attached is the RFP response we discussed. Enron has the capability of offering an array of risk management products. We are unable to provide gas to you at Malin as we do not own firm transportation on the Redwood line. Please call me with any questions that you might have." ward-k,I found it! It was in a box in my garage. Thanksgiving was just ok - have had better. how was yours and what did you do this weekend? ward-k,"j., attached are contracts that I was discussing with you this morning. If we were to attempt to transact with these counterparties, short term or long term, what were we need to have in place to do so?" ward-k,"Tom, Attached is our term sheet in response to your request for bid. I have also attached sample contract for your review. We are waiting to hear from your credit guy to obtain some financial information. Please call me with any questions or concerns." ward-k,"Hey, did you call me this morning? Sorry I missed it if you did. Been running around like crazy - currently missing presentations trying to close a small (very!) deal. If I don't talk to you, good luck with your pitch to your customer! I hope you get the deal! Talk to you later," ward-k,"I have added Socal to the worksheet. The prices listed are as of last night. Nymex is up $.04 - $.05. Basis is pretty much the same. Let me know if you need anything else and I will let you guys know as soon as I get the option information. thanks," ward-k,Christopher J - We missed you for sure! It was a fun time. I was glad to see everyone. Nothing exciting took place - just a little dancing and visiting. All went home at midnight. Boy have we become boring in our old age! Take care and keep in touch! Kimberly ward-k,"Marie Hurd in legal is waiting on you to verify the credit limit change for Glendale to send out an executable ISDA. Please call her and verify that this is the number. If it is not, please call me and let em know. Marie's number is 3-3907. thanks," ward-k,"New VERY IMPORTANT deal. I promised parent guarantee requirements and credit and collateral term probobly in the form of an Enfolio by Thursday. This is a power generator that we do services for in Portland. Tracy is very familiar with this company and has reviewed their credit. She should have all the infor you need. If not let me know. customer: Wheelabrator, a subsidiary of Waste Management. They need gas for their Lassen, California plant and HAVE to close something by next week. I am showing them a basic structure with a baseload volume with swings being priced at gas daily. 9,000/day baseload @ Malin. Today the fixed price is about $4.10 Is there anyway to get this done? Please let me know so that i can pursue. Also, can we do physical gas deals under the EEI? We have an EEI with them. THANKS," ward-k,"Gentlemen, As you know, I have been working with Steve Lins to negotiate the ISDA agreement so that Enron and the City of Glendale are able to enter into financial transactions. I spoke with Steve today and he plans to review our latest draft and get back to me with any final changes so that we can send him an executable copy, along with our required documents, for signature next week. In other words, I am confident that we will have an executed ISDA within the next couple of weeks. My boss, Barry Tycholiz, and I are going to be in southern California September 17 & 18 and would like to set up a meeting with you guys to discuss alternatives to swaping out some of your index priced gas supply. We are available to meet with you after 2 pm on the 17th or at any time on the 18th. Please let me know when you guys are available and I will set that time aside for you. We look forward to meeting with you and expanding our business with the City of Glendale. Please feel free to call me if you have any questions." ward-k,I don't have their financials but lets get started on what we can get started with. I am not expecting to do financial swaps in the immediate term but I would like to be preparted when we are ready. ward-k,I have conference room # 3268 reserved for 3:30 today. Steve Snyder and Tom Goudie of Hesco may be here in person. Thanks for your participation. Let me know if any of you have a conflict. ward-k,"I have been wondering all week whether you got on the boat. I looked at continental's specials and their weren't any for this weekend. But if you plan ahead or are flexible on flight times, you can definitely get here for less than $200! HOw was the rest of your trip? Anything exciting to report? How was your time with Turbo? I wish it were last wednesday! I think I am going to sell all of my belongings and live on a beach somewhere!! Let me know what's going on! K2 oh Yeah, I got some pictures back and will send you some. what is your address?" ward-k,Tricia Tlapek has been bugging me about this for two weeks now so here it is. maybe you can use it. ward-k,"Debra, I am discussing potential short term transactions with a consultant for California Department of Water Resources. They have requested a sample GISB document that would govern transactions for a term of one month to 12 months max. Can you send me a sample GISB that we would use? Let me know." ward-k,I will call when I leave - probobly 7 or a little after. And I promise not to keep you up TOO late! ward-k,Do you have my phone? I think it might be in your car. ward-k,"Bob, I had our contracts folks look into any contracts we had with LADWP. It looks like we have something that would cover short term transactions. However, in order to enter into a 12 month or longer transaction, we will need to put a master purchase/sale agreement in place. I asked legal to send our standard agreement to you. I hope that you will take a look at it. Any questions or issues that you might have with it, you can bring to my attention and I will make sure the appropriate parties are brought into the conversation. Also, I have attached the prices that you asked for earlier. Let me know if you need anything else!!" ward-k,"Stacy, Where are we with the Mesa document? They are extremely concerned - they must go through an act of congress to get anything signed. thanks," ward-k,"Hey, just heard from the girls that you are now a tv star. They saw you on some E! Entertainment special. I am sorry to say that I missed it! How are you and where are you? I am assuming that you have now left the boat and are wondering your way to Austrailia. Hope you are enjoying yourself. I just spent the weekend in Memphis - visiting family and friends. It was a lot of fun! If the show runs again and I am able to see it, perhaps I will record it for you! Have fun and keep in touch!" ward-k,"Rod, As we discussed, attached is a proposal detailing a structure that might fit your natural gas needs. Please give me a call regarding any questions you might have and I will be in touch once I hear from credit. Thanks for your consideration, Kim Ward" ward-k,Call me if you have any questions. Kim ward-k,"Sean, According to Patti, gas will flow on an interuptible basis to Nogales from the Waha pool. Let me know if there is anything else that you need." ward-k,"Larry, The Permian TW point is not marked due to it's illiquidity. The el paso permian is used for future price indications for that point. Let me know if you need anything else!" ward-k,"Sean, Attached is a document with the changes we discussed. Let me know how things are going with your legal staff as well as with the collateral section." ward-k,"came back from dallas friday - just went to houstons with a friend. Saturday, worked on the house and ran some errands. Went out saturday night and drank too much - just hung out yesterday. Nothing at all exciting! I am very boring these days!" ward-k,"J., what is the status of this? Mark Russell called again this morning for status. I think he talked to Bill. Please let me know. thanks," ward-k,"Stacy, The customer has requested that we send them 2 executable, signed copies of this contract. Could you have 2 executable copies of this contract prepared and sent down to me for signature? I will have them sent to the customer. Let me know if you have any questions." ward-k,Thanks Dan! Kim Dan J Hyvl 04/19/2001 11:10 AM To: Kim Ward/HOU/ECT@ECT cc: Subject: Smurfit Transaction Agreement for May ward-k,He is canadian. Did you meet him? What's going on this week? ward-k,"Will you check our systems and invoice for July for the Citizens Griffith deal and let me know what we have billed/paid citizens and PPL for July 17th and July 26. There are some significant discrepancies with these counterparties that need to be addressed ASAP. Please let me know what you find. You can call me at x30685. thanks," ward-k,"Jason, palo Alto is asking for their Oct load forcast today in order to realign their supplies. could you get this for me ASAP? Let me know if there is a problem. They are waiting on this to transact." ward-k,"Dan, Most things here look good. From my term sheet, page 1 under El Paso Capacity, what about selling them San Juan gas? (B.) And what about page three, number 8? Let me know - thanks, Kim Dan J Hyvl 04/17/2001 03:40 PM To: Kim Ward/HOU/ECT@ECT cc: Subject: City of Pasadena transaction agreement Please review the foregoing and let me know if there need to be any changes. Thank you." ward-k,"Chris, When you get a chance, I have a couple of questions about this term sheet. i.e., 8:00 vs 8:30." ward-k,"Send me your phone list as soon as you get a chance - my fax is 713-464-2391, phone 30685. THanks," ward-k,"Gerald, I sent the following email to Jeff Hodge and Jason Williams on October 25th ad have heard nothing. I reminded them this morning as we need to reply by mid next week. Also, LDWP will be in our offices Monday afternoon. Is this something that you can address faster than Jeff? If so, just let him know and let me know how to proceed. There was an article in the NGI publication this morning regarding this." ward-k,"Hello again, Now that air travel is somewhat back to normal, Barry and I are rescheduling our trip to Southern California. It is my understanding that the ISDA itself has been executed and required attachments are in the process of being gathered. Therefore, you will soon have the option of transacting with Enron financially. We are available to meet with you at any time on October 11th. Please let me know if and when you guys are available and I will set that time aside for you. Again, we look forward to meeting with you and exploring new opportunities. Please feel free to call me if you have any questions." ward-k,"Hey, I don't have your cell phone number because I am unorganized! Call me at work if you get a chance today - 713-853-0685. Leaving at 12:30 to go to Phoenix. HOpe you're ok," ward-k,Just got an email regarding our trip to the Caribbean in Jan - more guys have signed up that women! You should definitely think about it - especially since there is such a large group of us. (protection in numbers) There tends to be lots of drinking though - but a very laid back and relaxing time hanging out on beautiful beaches! Glad to hear you had a good weekend. I was sick with a cold/sinus infection the entire weekend - stayed home alone - am sick of myself! Is Caraba's still the place of choice tonight? Just let me know what time. K. ward-k,"Jan, too, says that smurfit is not running the cogen and that they don't expect to for quite some time. I asked her to let me know if they do decide to start the turbine. Will keep you informed -" ward-k,"The weekend was VERY good! But - the weekend is the past. Who knows what the future brings! Even so - in your searching, you might find someone better than me! But, if I am still unattached, I will be there! K." ward-k,"Steve, Attached is a draft copy of our master purchase/sale contract that we discussed. Let me know if you have any questions - I will have my legal department standing by to assist." ward-k,"Hey! The leg is healing nicely, thank you. It did turn a little blue but I think I will live! I say we are serious about the party but I have forwarded this to Suzanne to make sure she is on board. I will keep you posted as things develop! Hope to see you again soon -" ward-k,"Hey, know of anyone or anything at Mirant that might make sense for me to talk to? k." ward-k,"Janette, I did leave you a voice message. The Commodity price right now is $2.55 with a $.03 premium to schedule out of the basin and a $.05 premium to schedule the delivered volumes at the delivery point. Also, in order to be allowed to schedule for you, we will have to get an agency agreement in place with El Paso, which could take some time. In the case we don't get it in place to schedule for you Aug 1st, you could request El Paso to put your nom in daily until we get the agreement executed and in place. Let me know if you have any questions." ward-k,"How is 10:30 am Wednesday, 8/29? I am having jessica reserve a room and once I get your confirmations, I will forward the room location to you." ward-k,"Steve, Attached is the legal opinion. Sara Shackleton will be the attorney we meet with on your changes and she is available all Wednesday afternoon. Do you want to say 1:30 your time, 3:30 ours? Please confirm and I will set everything up with Stephanie." ward-k,no. I will try to investigate today. ward-k,"Sarabeth, Could you change the person that you send the Citizens Insurance Invoice to to the following: Laynie East @ EB2363B her phone number is 713-853-3131 and she will be paying the invoice. If you have any questions, please call me at x30685." ward-k,"Lynn, Attached is the confirm for November. Let me know if you have any questions or problems." ward-k,"Frank, I just spoke to Jan Kennedy and they are going out for an RFP for their gas supply once our contract with them runs out. She ""recommended"" that I tak e a look at your response to the last RFP because it was so good - far surpassing any of the other responses!! If you still have a copy or a file of that response, would you mind if I took a look at it? thanks," ward-k,"so what does this guy do for Burbank and why do they pay him the ""big bucks""????" ward-k,"Hey guys - it looks like NCPA got our proposal and would like for us to refresh by 9 am PPT tomarrow morning. That is 11 our time. Jay, where are we with credit and contracts. I think we need to have this done today. Can you let me know what our status is? Barry is asking me. Kelli, can we refresh in the morning fairly quickly? I would love to get this deal done. Tomarrow, we need to add a little orig! Please let me know if any of you have any questions. thanks," ward-k,"Janine, Attached is a new spreadsheet detailing what Palo Alto's July invoice should include. However, I would like to get together with you again to go over the information that you have and have some of the volumes in the system corrected. Please give me a call when you are ready to work on this invoice and we can get together then. I am available for the rest of the week." ward-k,"Tony, I am still working on a term sheet for you. I was hoping to get you something today but got pulled away. Also, I still need to talk to our transportation expert regarding your situation. Hopefully, I will have something tomarrow. I will be in touch!" ward-k,"Jan, If you guys are interested in participating in this open season, it would be just a matter of filling out paperwork and Stephanie has everything that you would need. Let me know what other question you have or information that you might need." ward-k,"Brent, Attached is the confirmation for serving Smurfit's plants in southern California for December 1, 2001 through March 31, 2002. Please let me know if you have any questions." ward-k,"Ellen, Palo Alto is telling me that they need Enron signatures on all of the confirms that we sent them last week. If you could print out copies and have them sent to me, I can get Barry to sign them and overnight them to Palo. Let me know if you have any questions." ward-k,"Mark, The best person to talk to about the ISDA is me. I discussed an ISDA with Tim Roberts when I was in the Salt River offices on March 23rd. A draft ISDA was sent to Bill Abraham on November 17, 1999. I requested for a new legal review on 3/28/01. Let me know if you need a new draft and I can send you or Tim a copy. My number is 713-853-0685. Thanks for your inquiry - Kim Ward marussel@srpnet.com on 04/05/2001 08:20:15 AM To: cc: Subject: FW: Master purchase/sale agreement I have been trying to get an ISDA going with Enron for several months. Who is the best contact to call?" ward-k,"Hey, how was your weekend in Phoenix? Hope it was good! Are we still on for tonight? K." ward-k,"I will try to make it. Stewart and Paul Choi (PDX office) are suppose to be here but that may change. Either way, I will try to make it." ward-k,"Laird, Attached is brief summary of my deals with Palo Alto. Let me know if you would like for me to add more information." ward-k,Darla is ready to bill citizens for Sept. I guess we can use Cogans sheet if we are comfortable it is correct. Let me know if you need anything and when you think we can get this to Darla. ] ward-k,Any word on Noresco? Just got a call ward-k,Sounds good to me! Just let me know what time. You gonna work out? ward-k,"Thanks so much for sending the CDs. I really didn't think I would ever see them again! I take it that you are still considering coming back to windjammer. I guess it will depend on what happens when you get home. Kim 1, Stacy, Susie and I are considering the Poly trip in January. I haven't been to those islands (St. Martin, St. Barts, etc.) yet so I might have to go. I can't imagine a place better than the caribbean - I would love to see it! So if you're not serious - don't tease me! Take care and thanks again for the CDs - Love," ward-k,"Jim, Could you send an electronic version of the latest RFP you sent out? I am having some people help me internally and an electronic version would be helpful. Let me know if you have any questions." ward-k,"Ann, I just spoke with Jay Williams from our credit department and he only needs CalPeak's latest audited financial statements with management notes. Any additional information that helps us understand the company and how it is set up will be helpful. Sending this information overnight will probobly be our best bet. My address is as follows: 1400 Smith Street, EB3206a Houston, TX 77002 Also, Jay's phone number is 713-345-3923. Let me know if you have any questions." ward-k,what kind of breakdown? when did I ever have a breakdown? A mini mid-life crisis maybe (hence the belly ring). Nothing new - stayed in town this weekend and had a fun relaxing time. Theresa just called and wanted to know if I was going to COGA. I had to break the bad news! When Lisa and her current boyfriend break up - (gerald met him too) I will let you know! So what is going on the weekend Barry is making us go up to Denver? Should I come in on Sat - since I can't go to NYC for the US open!! watson-k,"I didn't know you were going to Florida in July. I will look at my schedule. Do we know anyone in Miami? ILY, K." watson-k,Thank you. Kim. watson-k,"Hi Jean, Is this order because Lorraine's desk top has been slow and she has not been able to keep the Dashboard and other applications open at the same time? Also, I would like to inquire with you about ordering two flat screens for Paul. He would like to still keep his laptop computer. Can we accomodate two flat screens with his laptop? Have you settled down from all the moves? Where did you and Donna end up? Will you be with us on 13? As always, many, many thanks! Kim. P.S. The printers all got worked out? Everybody happy?" watson-k,"Lindy, thanks for looking into this. I agree with your comments. Kim." watson-k,"Mara, I have a monthly outtage meeting to go to from 1:00 to 2:00pm. Can I just come late? Has everyone in our group committed to a time to test with you yet? I would like to test with you tomorrow after 1:30. Let me know what works for you." watson-k,"John and Sean, Attached, please find the Transwestern Sun Devil Open Season Document. Please don't hesitate to call me if you have any questions. John, it was great talking with you again." watson-k,I will be on vacation tomorrow through next week. I would be available pretty much anytime week of Oct. 8. watson-k,"Hi Sherri, Well, your ears must have been burning. I have been thinking about you this week. Gee, a lot has happened since we last spoke. I'm still here. We are very busy on Transwestern. I would love to catch up with you, are you available by phone sometime next week? My calendar looks pretty open next Tues, Wed or Fri. I look forward to visiting with you soon. Kim P.S. Martha is still here, also. She is with the Northern Natural side, I'm with Transwestern." watson-k,"Cameron, I'm glad you found the bulletin board. The units are in MMBtu/d, the month should be specified by the column." watson-k,"Earl, Will you be able to coordinate with Agave to do this? Have you talked to Paul Ragsdale yet? FYI, I had Audrey send my copy of the as-built drawing to you last week. If this is a duplicate from what Agave sent you, would you please forward the copy I sent you to Mansoor for his files. Let me know if I need to talk to Agave." watson-k,"All, Please review and call your customers if they have not paid their invoice. Keep Market Services plugged into your conversations with the customer." watson-k,"Mark, here are several examples of ""Expressions of Interest"" that we could use for Questar. Kim." watson-k,Thanks Lindy. Have a good time in sunny California! K. watson-k,I have no off duty time to report. I've been here. watson-k,"Randy, Mansoor and I met on this topic this morning. We are confirming with Perry Frazier what, if any, firm commitments we may have on this system to make sure we understand possible impacts of abandoning this station. Also, we will meet with the regulatory folks this week to discuss the various regulatory options with them. We will keep you updated as we progress through these meetings. How much money is required on the Ivanhoe station to keep ESD compliant?" watson-k,"Steve, James re-ran Trans Pecos with the following: Term: 20 years Rate: $0.261 Volume: 240,000 MMBtu/d Cost: $130.274MM (Without cost of NNG I/C and over-run up to $143.9MM) then ROE: 12.38% If Cost is capped at $130.274 (no over-run), then ROE is 15.25% --------------------------------------------------------------------------------------------------------------------------------- Term: 15 Years Rate: $0.261 Volume: 240,000 MMBtu/d Cost: $130.27 (Without cost of NNG I/C and over-run up to $143.9MM) then ROE: 10.82% If Cost is capped at $130.274 (no over-run), then ROE is 13.8% --------------------------------------------------------------------------------------------------------------------------------- Let's discuss tomorrow morning. Kim." watson-k,Thanks for setting this up. How about the Houston Regulatory group? watson-k,"Please plan to attend a TW analysis meeting tomorrow morning, Friday, January 25 from 9:00am to 11:00am in EB1336. Richard and Sean will share the results from their detailed analysis of TW." watson-k,"Dennis, I am travelling Wednesday and will not be able to attend. I am asking Lorraine to attend in my place. Kim. Lorraine, Will you be able to attend this meeting?" watson-k,"Steve, Please note that the in-service for Red Rock Sta. 1 and 2 are expected June 1. Sta. 3 is expected June 15. This is very good news for us. Kim." watson-k,Absolutely! We will stay in contact with them. K. watson-k,"Bill, Here are the changes to the OBA. Please review. Also, please look at para 5(c). Since this gas will only be a San Juan supply, we deleted the Permian and Anadarko price basins. So, if the TW San Juan pricing information goes away, I would like to use El Paso San Juan Pricing instead of averaging the other two basins. Questar is coming in for a late lunch, do you think we can have this ready by then?" watson-k,"Great, would you reply that we may need up to six chairs, but we will know the exact count within the next week. Also, ask her about a table cloth to see if we can borrow it." watson-k,"Sasha, I forgot one thing. Let Morgan and I know if you get any declines for our session." watson-k,"Ben and Dennis, We do indeed appreciate being able to use the 3907 conference room for our morning meetings. Thank you for moving your standing Wednesday staff meetings to another meeting room. We look forward to being on the same floor with everyone! See you Thursday on EB39! Kim." watson-k,"opps, sorry. I looked through the list too fast." watson-k,"Audrey, I have booked the following appts this week. Would you pls. add to my calendar." watson-k,"FYI, for the Brian meeting tomorrow. K." watson-k,Audrey will be in for only a bit this morning. Please send me bullets by 10:00am. watson-k,"Thanks for the reminder. I'm looking for the list now, I'll bring it over. K." watson-k,"No problem, it will be nice to visit with him. K. PS. Does this mean that I will be in the back seat of the convertable? If so, I'm afraid we will have to ride with the top up." watson-k,I will be out of town next Friday. Lorraine will be attending for our group. Thank you for the invite. Kim. watson-k,I wanted to see if you were interested in going over to High Fashion (Smith@Elgin) during lunch. I'm looking for some velvet ribbon to tie our flood salvaged ornaments onto our skinny short Christmas tree. Kim watson-k,What do I need to do with this? Should we be talking to our customers? Are we all in agreement as to our position? I just want to make sure that I'm not letting anything slip through the crack. watson-k,"Glen, Interesting reading from one of our customers. Kim." watson-k,"Steve, I just ran into Tracy in the hall and she asked if on Trans Pecos the $131MM (or it could be $138MM) represented 100% or 50% of the cost. The $131 is 100% of the cost of the project. If we joint venture with KMI, our cost would be half of this. Call me if you have questions." watson-k,"Dan, Here is the Sun Devil Expansion Project information. Please review and give me a call at your convience to discuss. We also have some space left from our Red Rock Expansion that we can discuss as well. Thank you for your interest and I look forward to working with you. Kim Watson 713" watson-k,Here it is. K. watson-k,"Steve, Yikes, I thought you were on eSpeak the following week. I am in Artesia on Tuesday the 6th and won't be able to help you. I'll be sure to submit some questions for you to answer. Sorry, Kim." watson-k,"Bill, Please check out the changes in blue. The changes in red are from Questar." watson-k,"Dear Gaylen and Jodi, Attached, please find the Questar Southern Trails Interconnect Agreement and drawing of its location in the San Juan area. The estimated cost of the interconnect is $702,000. This cost estimate is what we call a ""Level A"" which means it is + or - 30%. Once we execute the agreement, we will perform a ""Level B"" which will narrow the cost range. Please review and let me know if you have any questions or comments." watson-k,Come on down to 13. We'll be in 1336. watson-k,"Sherry, Thank you so much for your kind thoughts. I sure have enjoyed working with everyone. I will miss all the great personalities that we have assembled in ETS! And, you can definitely count on me for being at The Nutcracker! Thanks again, Kim" watson-k,"Lindy, Michael sent me this draft today, but I think that you should review these slides since I know that you have been working on this. Let's discuss in the morning. Tuesday is my last day before I leave on vacation." watson-k,"Tracy, Great job! We appreciate your persistence in helping to close the gap on these shipper imbalances! Many thanks, Kim" watson-k,"Dennis, Thank you for your kind note. It is amazing how our pets become so much a part of our lives. John has talked me into going to the cat show which happens to be in town this weekend. Of course, we will pay special attention to the Turkish Angora breed. Thanks for your thoughts. K." watson-k,"Gaylen, Ron will be with me, so we will have to go to a conference room as well. I'll let you know our phone number Monday morning. Thanks and have a great weekend! Kim." watson-k,"Larry, Please take a look at this spreadsheet. I welcome and encourage any and all comments you may have on this. Please feel free to make changes my wording as well as the spreadsheet itself. As we move this forward, I will want to attach a current version of your NYMEX Technical Update. Many, many thanks for all of your help and support on this matter! Kim." watson-k,"It is Friday again. Bullets, Please - by mid morning....." watson-k,"All, Joe is able to meet with us at 10:00 Thursday, December 13 in EB1336 to discuss the OBA language as it relates to our ability to enforce dollar value, cash out and other provisions in the OBA with other intra and interstate pipelines. Please plan to attend." watson-k,"TK, John and I had such a big time at your house Saturday evening! It was so kind of you to open your incredibly spectacular home to us. I just love everything that you have done....it is truly lovely. It was so nice to meet your sisters. I can imagine that your family reunions are just a hoot! And the food.....well it was awesome. Thanks again. Hope you are feeling better. Kim and" watson-k,"Lindy, would you like for me to send Michelle to this meeting? Should you both go? Let me know what your preference is." watson-k,"yes, I got it when I returned. I think the away status just lets you know that I may not reply instantly. K." watson-k,Any luck connecting up with the ENA folks on the capacity release for February? Kim. watson-k,Are you logged in? I've lost you in my MSN messenger list. I'm not sure what happened. Are you there? K. watson-k,"I can come, but I will be about 15 minutes late due to our weekly Gas Control meeting at 3:00pm. I'm happy to join up with you in progress." watson-k,This is a sweet note. Let me know what he says. K. watson-k,"I can be available at 6:30 also. John is on his way back from Austin and I'm not sure of his timing, but I am certainly game. Let me know where and when you would like for me to meet you." watson-k,"Hi Dot, Well, we've been talking about Italy again. We are looking at leaving late May, like Friday, May 24 (so we can scoop in Memorial Day) and returning to Houston on Sunday, June 9. We are pricing fares now. Continental has them posted on their website at $1,100-$1,200. I will also check with Alliance Travel Agency (formerly Travel Agency in the Park) to see what they may be able to do for us. Can you and Tom swing these dates? Let me know." watson-k,"Lindy, We are meeting on Tues at 10:00 in 1336 to discuss how TW may handle a storage point on our system with respect to how we contract for this point (given that contracts will want to receive and deliver to this point on a firm basis) as well as how we schedule gas at this point. Will you be able to attend and give us your advise? Many thanks, Kim." watson-k,How about Wednesday? Kim. watson-k,"Steve, Do you want Audrey to have one or two flat screens on her desk? Kim." watson-k,You have the paper copy of this. K. watson-k,"Julie, it looks like a slip of the finger on Roger Hayes vs. Robert Hayes. FYI, K." watson-k,"Steve, the meeting on Questar will take place immediately after our 3CE/Plan meeting tomorrow. I have also asked James C. to attend. Kim." watson-k,How about we meet you at the Met. Lindy and I will be in the 3AC until lunch. Meet you there at 11:30. \ watson-k,"Kirk, Thanks for the note. Merry Christmas and Happy New Year to you and your family as well. I look forward to catching up with you in 2002! Kim." watson-k,Definitely not me. I would have charged a lot more than this! Ha! watson-k,"Tiny, I wanted you to know that I am putting a ""check in the mail"" to you (and made out to you) in the amount of $50 to be used toward the gift for Rich. The money is from: TK Lohman - $20 Mark McConnell - $10 Kim Watson - $20 I apologize I didn't get it in the mail earlier this week, but everyday seemed to be a Monday for me this week. If you have Rich's home address, I would love to send him a note. Thanks for coordinating this!" watson-k,"opps, I mis-typed this morning. K." watson-k,"Paula, Although we skimmed the surface on board replacements for Jim, we should probably start a list of potential candidates. Some of the names we mentioned last night were: Bill Tarter Lenore Fenberg Muffin Alfred Any other names that come to mind? .....Will Eucker, Art, Tammi Semi, Carolyn Brown, Ken O'Neill... are other people who have been involved in various efforts. Your thoughts?" watson-k,Thanks Alma! I would like for everyone in the TW marketing group attend this training. Has everyone responded to you with a date to attend? Kim. watson-k,"Here are the weekend flow levels. FYI, Kim." watson-k,"FYI.... I believe Dave N. and Sue had a conversation regarding help in the risk mgmt area. I saw Dave in the hallway earlier and he indicated that he wanted to rally with you and me to discuss. I've got two calls into Tom Armstrong with SW Gas. I hope to get him to send in a request this week. Also, James has been running numbers today, so I should have a term sheet for you tomorrow. The Agave Christmas Party is on Tuesday, December 11. Is it possible to take a company plane out with reps from mgmt, mktg, gas logistics and operations? We are also running a few more scenarios for TransPecos." watson-k,"Don't forget we have lunch scheduled tomorrow, Tuesday, February 5. Let's meet downstairs at 11:30am. Any preference on flavors of food? Kim." watson-k,"Jodi, Here are the people that will be coming to the data room on Monday: L.D. Stephens - Operations/Team Leader Larry Cambell - Environmental Larry Gleffe - ROW Mike Ames - Pipeline Safety Warren Schick - Property Tax Stephen Dowd - Corp Development Mark McConnell - Marketing Kim Watson - Marketing We can coordinate our interviews with you on Monday morning. We look forward to a productive two days with you. Thank you for all of your help. Kim." watson-k,"TK, Thanks for finishing these bullets. Kim." watson-k,"Jodi, Here is a suggested amendment for our Confidentiality Agreement to allow us to discuss Southern Trails with a potiential partner. Please feel free to give me a call to discuss. Many thanks, Kim." watson-k,"Dear Hattie and Jim, Thank you so much for hosting our dinner group Saturday night. Your home is just lovely and we particularly enjoyed the beautiful china! It is so nice to share stimulating conversation and great food with wonderful friends. Thank you again for your hospitality! See you next week. Kim and John." watson-k,"Lorraine and Paul, Please coordinate with each other and provide Steve an update by noon tomorrow (Wednesday) as to where your conversations stand with your customers on flipping these deals from Index to fixed rates. He has a meeting with Stan at 2:00pm and will be asked about these I'm sure. Also, Paul, would you please provide Steve any additional thoughts ( like we discussed yesterday) with respect to how and what things are included in our VaR. Many thanks, Kim." watson-k,"Lorraine, Here is a start to the Bullets. Thank you for handling this for the team today! I'll see you Friday afternoon. Kim." watson-k,"Sasha, Thank you so much for all of your help in coordinating this important meeting for us. As you prepare the memo, here are the names we would like it distributed to (Morgan, please confirm that I have listed the names from your department correctly and completely): John Keller Morgan Gosssponer Eric Faucheaux Perry Frazier Mansoor Abdmoulaie Ron Matthews Gale Ramsaran Dennis Alters Buzz Smith Matt Hughes Ben Asante Darrell Schoolcraft Rich Jolly David Roensch Steve Harris TK Lohman Michelle Lokay Lorraine Lindberg Tracy Geaconne Lindy Donoho Kim Watson I will be in Omaha this afternoon and tomorrow, so if you have a draft ready for us to review, just email it back to us. I will check my email tomorrow and get back with you soon. Many thanks, Kim." watson-k,"Kevin, Would you have some time today or tomorrow to discuss this? Also, we should rally with Kevin Hyatt to discuss his ideas on Sun Devil and determine if we can use a similar strategy for Trans Pecos. My calendar is pretty open, just let me know what works for you and I'll coordinate with everyone." watson-k,"Kevin, For Trans Pecos, we have a couple of slides with a fact sheet prepared that we used in the presentation with Stan a couple of weeks ago. Would you like those or are you looking for a 2-3 page narrative? I'd be happy to provide either. What is the time frame - how quick? Kim." watson-k,"Can everyone meet tomorrow, Tuesday, from 3:00 to 4:30 to distribute customer accounts and projects? Kim." watson-k,"Kyle, Sorry for not sending this yesterday. Monday's are always tough. Please review and let me know what you think. Let's talk before I leave town next Wednesday." watson-k,"Pilar and Martha, I am sorry I will be unable to attend. I do not return to town until Wed. evening." watson-k,"Paul, I think this bounced back to me. Sorry. Kim." watson-k,"It's official! We are moving next week on Thursday, March, 14! Actually, we have to be packed up by close of business on Wednesday, March 13. Ruthann will be calling each of you to discuss your move needs, such as your type of computer equipment, whether or not you are moving your chair, etc...Boxes will be coming soon. Please let Audrey or me know if you have any questions." watson-k,I have another meeting from 2:00 - 3:00pm. I would only be available for the first 30 minutes. watson-k,"Mary, You are going to have such a great time! Yes, you will need a mixture of both long and short sleeves. You might be able to take one pair of shorts, otherwise, jeans or other long pants will be the preferred leg coverings. A sweatshirt and jacket will be just fine. Is your jacket water wary? Tennis shoes are definitely OK! You will love the Tattoo and Edinburgh. Find the Fringe Festival Schedule as soon as you get into town. Look through the book and select a few events that look interesting to you and buy a ticket (there are signs everywhere or ask someone where the ticket offices are - there are several in town). Entertainers all over the world come to the festival to get their start. Some of the names you will probably recognize....they got their start there! Call me when you get back. I'd love to hear all about your trip! Hugs back at you, Kim. P.S. Stay away from Haggus(spelling?)." watson-k,"Mark, This looks fine. Kim." watson-k,"Unfortunately, I have a customer dinner planned for this evening. I will let you know if my plans change." watson-k,"Lynn, I would like for you to review a draft of the proposed TW/Questar OBA in the Blanco Hub (the Interconnect Agreement is in the process of being signed and it is not built yet). Sorry about all the ""red-lines"", but I think it makes it easier to see where we have made all of our changes. FYI, the red changes are changes proposed by Questar, the blue changes are proposed by TW. Please let me know if you have any thoughts on this agreement." watson-k,I will check. We are in 49C1 which is a very large conference room and I'm thinking the phone is off to the side by some side chairs and may not have a long enough cord to stretch to the table. I will inspect and keep you posted. watson-k,"Glen, This is very interesting reading. Please read this (sorry, it's kind of long) and let me know if it meshes with what you think is happening in California." watson-k,You bet! Can we meet at 11:20 or 11:30? I would like to be back for a 1:00 pm meeting. Have you been to Daily Review Cafe lately? It is just outside of Downtown off of Dallas St. I would be happy to drive. watson-k,"Steve, FYI. Kim." watson-k,"Jan, I believe that I do not have any memberships that fall into this category. I'm thinking that Steve is the only one with possible memberships here." watson-k,"Paula, Thanks for your note. I'll give you guys a call around 6:00. I only need the critical one or two loads and actually, we only need the washing machine since our dryer still works. Thanks for the kind offer of Chinese, but we've got several gifts to wrap for the office tomorrow so we'd better stay focused. We truly appreciate your kindness!" watson-k,"Lorraine, Have you received your new computer yet? Kim." watson-k,"FYI, here is the cancellation of the Florence Hotel. I hope to hear from the hotel in Positano and Rome (front end trip only) today. Dennis, please confirm the cancellation of your front-end Sheraton hotel in Rome." watson-k,"Audrey, how about moving the meeting to 8:30? We will have to leave here by 9:35 or so to get a seat at the employee meeting. Kim." watson-k,"Hattie, Yes, I will fax it to you when I get home tonight. In fact, when you get it, why don't you call me and we can talk about it. This is one of the recipes that I got in Paris when I went to cooking school. They translated it for us, but as you can imagine, it needs just a little bit of discussion to fill in the blanks. I hope I'm not scaring you, it is actually a pretty easy recipe. My home number is 713 791 9201 and my office number is 713 853 3098." watson-k,You are so fast! Many thanks! Kim watson-k,"Paul and Mark, Please contact Eastern New Mexico (Mark), Enervest (Mark), Citizens (Mark) and Southern Utes (Paul) to make sure they are aware that they are responsible for making the payments on these contracts since ENA has defaulted. Also, Paul, please confirm again that ENA is not nominating on their own contracts that make up $129,481 of the delinquent payments. Please keep Steve and I informed of the status." watson-k,"Jo, I wanted to follow up with you on the O&M charges and transportation capacity from Halley to Gray. Do you have some telephone time available soon? I'm available late today after 4:00 or tomorrow before 10:30 or from 1:30-3:00 or Wed anytime pm." watson-k,"Well, I spoke too soon. I just got word of another meeting that I need to attend Wed at 1:30. My preference now is Tuesday from 9:00-10:30." watson-k,"I checked with our Travel Agency and they cannot secure cheaper tickets than what we are seeing on the internet. It looks like $1,100 - $1,200 is about the price for the Houston to Rome roundtrip. FYI, Kim." watson-k,"I agree with you on the Lexus. I'm not sure we should take it out long distance. If Gary doesn't mind, that would be great. ILY, K." watson-k,"Steve, here is the electronic version of the NNG proposal. Kim." watson-k,"Michelle, please put another packet together on Southern Trails for Mike McGowan. Some of the pieces may have to be faxed/mailed if you don't have them electronically. Mike, please feel free to call either of us to walk you through the packet and if you need more detail we can send that to you also." watson-k,"J, I don't have a problem committing to Italy and purchasing airfare when it makes $ sense with the thought that we can always cancell just like we did in Sept. I don't worry too much about having to cancell, but I think a lot will shake out over the next 6-8 weeks here at 1400 Smith. I'll keep working Dot to see if she and Tom are willing to commit to a spring vs. fall timeframe. I suspect Janell and Dennis will be no go for anytime in 02. If Dot and Tom are game then we can talk with D & T and P & J about meeting Jane and Barry to make our party and even 8. If Dot and Tom are not available to go, I'm more comfortable just making the traveling party a foursome. Have a great day! ILY, K." watson-k,"Kevin, What was the offer price from KMI on the Sonoran Pipeline Project? Kim." watson-k,"Gerry, Lindy and I are going to tag team on this. She and I will get together on the results of these meetings." watson-k,"Lindy, Could you tell me how many of the operating agreements below you have a copy of? Tiny is trying to complete his files." watson-k,"Michelle, Did everything get paid? Is all resolved?" watson-k,"Audrey, Would you please set up a meeting for me on Wednesday (tomorrow) to discuss the Griffith plant and some of the problems we have been having lately with respect to TW's responsibilities, EAMR's responsibilities and Trigon's responsibilities. (Please share this meeting purpose in the email notice of this meeting.) We would like to meet from 3:00 to 4:00 pm, we need a conference room in Houston with the ability to conference in several other locations. In addition to the names below, please include Don Hawkins, Sarabeth Smith, Donna Scott, Dennis Alters, Darrell Schoolcraft and me. Many thanks, Kim" watson-k,"Audrey, I think I know the schedule for the Laguna Festival. Let's get together tomorrow and discuss. Also, I will need airline tickets to San Antonio for late next week." watson-k,We are drafting a letter to Sid Rich for their non-payment of $1.6 MM Nov. invoice. You will find the letter in your email. TK has water-dropped Sid Rich that a letter is coming this afternoon. Kim. watson-k,"Hi Ed, Gosh, I am so sorry we have not connected yet. I have been on a fast run. How early in the morning do you come in? Do I need to be at my desk? How late in the evening are you in? I will make time for you. Thanks for your persistence. Kim." watson-k,"Ron, how is your calendar tomorrow? I probably prefer tomorrow over Monday if possible." watson-k,"Lorraine, When you get back in the office, let's talk about the new interest to connect into the SJ Hub. I, too, have a few customers who are interested in connecting into the Hub. We should generally discuss this from a big picture perspective so we can understand the total limitations of the Hub and lay out our strategy for moving forward. Also, FYI, in your EDG comment below, our pipeline profile has all the lat/long locations specified if that helps identify the locations best for power plant sites." watson-k,"Paul, Tiny(aka David Roensch - who is the Team Leader for the San Juan and West of Thoreau Area) just sent these to me. FYI. Kim." watson-k,"Sasha, This looks wonderful to me. Thank you for all of your help. Will you be with us during our day? If you are available, I would love for you to be there with us. Also, can you help us coordinate ordering Pizza from Bira's to have during the Mad Potter event? Morgan, should we just drink the wine and beer from the Mad Potter vs. bringing our own? If Morgan is good with the memo, go ahead and distribute." watson-k,"Kay, Thanks for the update. Actually, I did not realize that Jeff's computer had Prophet X on it. I would like to get together with you in the next few days and discuss the software package with you. We may indeed wish to keep a user on it but I would like to understand it better. I'm out of the office tomorrow, but will be back in on Thursday." watson-k,C- Here is the Sun Devil Open Season Expansion Project. Take a look and I'll give you a call late this afternoon to discuss. Have a great day. watson-k,"Mark and Paul, I would be happy to call in with you on your first ""on call"" weekend if you would like. Mark, your weekend comes up this next weekend, I will plan to call in on Sat and Sun with you. Alma will send you an email with the total list of everyone calling in including the phone number to dial into. Make sure you locate this list prior to the weekend. Remember, call in about 5-7 minutes before 8:00am Sat and Sun." watson-k,"I've got it booked! Mark, please plan to attend with me." watson-k,"we'll make room for the three of you. We are looking at moving either to 39 or 44. We have tentative floor plans for both. When the floor decision has been made, we'll come to you for your consensus on the placement of your three slots. We'll be back with you soon, I hope. :>)" watson-k,"TK, When we get together on Wed for our staff meeting, would you please speak to this to our group. Please let us know if we need to change our behavior on anything." watson-k,potiential bullet material. K. watson-k,"Vince, I'm so glad that you can recommend him for our commercial job. He has some skill sets that our department is shy on. In fact, I am bringing him back for my boss, Steve Harris, to interview. I too, think that he would be a good fit. By the way, Krishna and Seksan have been very helpful in coordinating some technical analysis of California prices. We appreciate the support and certainly enjoy working with your group. Perhaps you, Krishna and I can book a lunch together in mid to late August and catch up on the business issues." watson-k,"I'm sorry, I havn't loaded this yet. Have no fear, I will call you. Many thanks for your persistance! Kim." watson-k,"Bob, Thanks for keeping us posted. We'll see you when you get back from vacation. Kim." watson-k,Friday at 9:00am works for me. Where? Kim. watson-k,"Hi Kirk, I hope to have the revised contract for you late tonight. Would you like to set up a time that Ron and I can go over it with you by telephone? How about Monday or Tuesday?" watson-k,"Jan, These numbers are slightly different from the ones you put together a few weeks ago. Are you comfortable with the difference? Any thoughts? No hurry, I was just wondering." watson-k,"Steve, FYI, Lorraine is having her procedure to have intravenous (sp?) antibiotics installed for her sinus problems. She anticipates being out of the office the week of 11/5 to recover. Kim." watson-k,"Kirk, As per our phone conversation, here is the revised Delivery Point Construction and Operating Agreement. Please let me know if you will have some time on Monday or Tuesday when you are in Houston and Ron and I can review this with you. If we don't connect up in person, then let me know if you would like to book a telephone conference call Wednesday, Thursday or Friday. Have a nice weekend and safe travel to Houston!" watson-k,Do you want to pre-meet? Are we still scheduled to meet tomorrow at 1:30? Location? watson-k,"Hattie, This recipe is from my Paris cooking class. It is supposed to be wonderful served chilled (when we cooked it in class, we served it warm). Be careful not to add too much cream since chilling it makes it a little thicker anyway. Also, after you puree it in the blender, Marie Blanche (our cooking teacher) recommends that you strain all of the chunks out with cheese cloth. She says the reason for this is so that the guests will have a harder time figuring out all of the ingredients. It is part of the Parisian mystery of cooking. Good Luck! Kim." watson-k,"Audrey and Steve, FYI, I have an eye appointment on Thursday at 4:00pm. I will leave about 3:30. I will have my cell phone if anyone needs me." watson-k,"Paula, I am out of town beginning this evening and returning home Tuesday night. Perhaps we can catch up sometime later this week. It looks like Jim wants to transition out soon. Have a great week." watson-k,"Michelle, Would you please write up a full description of what the scope of our plans are with PG&E. This description will be useful to Kevin Howard as he proceeds to determine the best way to secure funds for this project. Please send it to me and I will add the virtual capacity write up to it and forward on to Kevin." watson-k,"Elizabeth, We have two new Marketing Reps in our department, please add Mark McConnell and Paul Y'Barbo to your distribution list. Many thanks, Kim." watson-k,I do not believe that I am familiar with this company. Kim. watson-k,"Mike, Jorge sent these changes to me, but I thought you might want to take the lead on these possible changes since it is a NNG IT contract. If you don't mind, just keep me posted on what you finally decide. Many thanks, Kim." watson-k,"Stephanie, Here is the Sun Devil Expansion Package. Please review and forward on to those in your group who may have an interest. We would be happy to discuss this expansion opportunity with you at your convenience." watson-k,"Audrey, Does this impact us? Kim." watson-k,"Jennifer, I am flying Monday evening. I will check on my flight time and will call in if I can. What is the phone number to this conference room?" watson-k,Here it is. K. watson-k,"Lindy, I will be travelling to Farmington and Artesia on this day. I will just catch up with you along the road." watson-k,"John is for sure out of town, I think I will travel out with him for the weekend, but I have not confirmed it just yet. If I find that I will be in town, I'll let you know. Don't hold anything up for me." watson-k,"I wasn't sure you responded to this yet, but we are in Hong Kong the weekend of Feb. 15. Let's not forget to talk to Valentina (sp?) tonight at JFF. ILY, K." watson-k,"Bruce and Dave, For your review and input, here is the latest version of the LOI for Pemex. Mark and I will come over this afternoon and spend just 15-20 minutes with you and walk you through some of our thoughts." watson-k,"Tiny, I just received a message that Rich is going to retire at the end of the month. I understand that there is a surprise lunch for him in Houston on March 29. Will you be attending? Let us know, we'd like to meet with you if you are going to be in town. Did you receive the $50 check I sent you for Rich's gift? When I was reconciling my checking account a couple of weeks ago, I noticed it had not cleared yet. I just want to make sure it did not get lost in the mail. Good luck on Bisti!" watson-k,"Steve, Are you familiar with this? Kim." watson-k,"Tiny, Thank you so much for the reminder, sometimes I think my brain has slipped away. Do you need all of the San Juan and West of Thoreau contracts? If you know you have some of them, which ones do you have, I'll send you the rest. My apologies, Kim." watson-k,Anyone going to Mojave? K. watson-k,"Steve, Done. Michelle sent it out this morning. We will follow up with Mike to make sure he understands how the numbers were derived. Kim." watson-k,Thanks for setting this meeting up. K. watson-k,"Mark, thanks for the notice of this meeting. I'm glad you will be attending. FYI, the Aquila folks purchased USGT from Nanci MacKenzie about 18 months ago and I'm not sure how they have incorporated the USGT organization into the Aquila organization. Since you are the new kid, perhaps you can inquire as to the differences in these shops so that you can effectively deal with both organizations. I'm not sure we've ever been clear on this. Please continue to talk about Red Rock with these folks. What would Aquila like to see TW offer? What are their thoughts about the West markets? What could TW do to get Aquila to be more active on our pipe? FYI, I am coming into the office Wed morning. I will be in EB4179. I need to meet with Martha and pack up this office. I should be in by 9:00. If your schedule permits, perhaps you and I could meet for a few minutes on Agave before your 10:00 Aquila meeting? I'll call you when I get in." watson-k,"Linda, you are so welcome! I leave for vacation Wed., but when I get back, I'll call you. I want to see your new digs! Have a great week!" watson-k,"Jean, thank you so much for taking care of this for us! Are you available for lunch on August 10 or any day during Aug 13-17?" watson-k,"FYI, Lee accepted our invitation to the Nutcracker for Wed. evening. Kim." watson-k,"Are you there? MSN? FYI, don't forget Herschel's medicine from your refridgerator and his blood pressure meds. Also, I have a manicure appt. tomorrow at noon. The number for Agua Salon is 713 621 6388 if you would like to book one, too. ILY, K." watson-k,"Audrey, Would you please email me the final bullets from last week. I don't necessarily go look for the final copy since I am the one who combines all the bullets." watson-k,"Mark and Paul, It would be good to set up a time to demo this model. In fact, I would like to attend with you, since I havn't seen it for almost a year." watson-k,I got it. I'll send it through. Have a good day. watson-k,Yes. I'll be there. K. watson-k,"Hi Jeff, Yes, this interconnect will be managed by our E&C group. Earl Chanley will be the project coordinator. Thanks for your quick reply. Kim." watson-k,FYI. Kim. watson-k,"We will meet after the morning meeting tomorrow to discuss these imbalances with Market Services. If you are available, please plan to attend." watson-k,I've already been talking to Michael about being on our due diligence team. We will keep you plugged in as well. watson-k,I think she is on vacation most of next week. Is it possible to talk with Julie or the other assistants to figure out the costs just to have a ball park place holder until Linda comes back? watson-k,"Sorry, not yet. Thanks for checking on me. Kim." watson-k,"I'm sorry to keep changing my mind, but I would now like to attend the 10/17 class. Fran informed me of another Leadership training class that is on 10/31-11/02 that I would like to be able to attend. Many thanks for your patience. Kim." watson-k,"I talked with Russ. I told him if he wanted a 5 year, we needed $.26. We could consider going a little lower if he extended his term to 10 years....I told him we really need $.24 to make it work for 10. He will run the numbers and call me in the morning. Kim." watson-k,"Steve, FYI, Kirk did not have good news on the approval for Big Sandy yesterday, but it looks like they have Plan B moving forward. I will stay in touch with Kirk and keep you posted." watson-k,"Richard, thanks for this message. John and I will also be attending. the Cirque du Soleil is on the TUTS tour and we have season tickets. I will find out when our date is (usually a Saturday mat.) and let you know in on the chance that the date may also work for you guys." watson-k,"Dave, as you can see I mis-typed your email address on the original sent to Jorge. This letter has a typo in the last para. Please use the revised letter sent as the one to go by. Call if you have questions." watson-k,Great. I'll put 11:30 on my calendar. Kim. watson-k,"Steve and Teb(for Steve Veach), Please review the attached work order for the tap and side valve for the new Agave interconnect. Please forward an email message to Robert Geheb giving him your approval on this work order so that he may begin working with the appropriate people to get the materials ordered. We are under a very tight time frame and we don't want to loose anytime. The ""paper"" will follow to you shortly for signiture, but this email approval will keep the process moving. Also, as soon as we work out the remaining details with Agave on the remaining costs, we will revise the work order to include the items that Agave will be constructing for us as well as provide the economics for the interconnect. This, too, will be routed to you for your approval. Please let me know if you have any questions." watson-k,"Steve, Tiny sent me this note when he heard the news. K." watson-k,"Richard, We are proceeding ahead with a new I/C with Questar up in the Blanco Hub, here is the proposed OBA that we have been working on. Please review and let me know if you have any concerns." watson-k,"Are you online? MSN shows you not logged in. BTW, my car is ready. I will pick it up tonight. It was the starter. $550 (includes a new battery). FYI, ILY, K. PS. I will keep you posted on the ferry poll. I still vote for arriving in Lucca earlier in the day, only because if we don't arrive untill evening, then we will spend the whole next day in Lucca instead of getting to Florence. I'm trying to keep us (you and me) whole for 2 - 2.5 shopping days in Florence before heading to Rome. K." watson-k,I think this date looks good. K. watson-k,"Hi Ken, Would you please add Paul Y'Barbo on this distribution list. Paul is one of our new marketing reps and will be involved with our risk management strategies including our fuel positions and how it relates to this report." watson-k,Steve- Eric is meeting with KinderMorgan & Calpine today @ 1:45 to discuss possible merging of projects...do you want me to go in your place? Eric just happened to mention this meeting to me. Call me. X33098. watson-k,"Lee, Well, I'm not crazy, just dumb not to think about looking at all the emails Denise has sent to me. This is the original language you drafted for me for the Questar amendment. By the way, I did send them the most recent version you send me which in not as verbose as this version. Are we still OK?" watson-k,"Jean, Let's book lunch on the 10th. Let's talk early that morning to confirm time and flavor of food. I'm looking forward to it!" watson-k,"I will approve Sempra deal. Danny is out of the office today, but he will be in tomorrow. I'll still keep you posted on prices if they begin to move." watson-k,"Bruce and Dave, Here are some of our comments to amend the KMI/TW letter agreement for dates listed in the agreement. Please review and lets discuss tomorrow morning. We are putting together a timeline for all of the various things that need to happen which will help us both determine the new dates to put in the letter. We'll send this to you as soon as we are finish. Do you have any comments on the Pemex letter agreement?" watson-k,"Audrey, Here are my bullets for the week. Michelle may have one more bullet to add to the Current Week Activity section if she closes her deal for September with Burlington." watson-k,"John, I've been out of town this week, but I did want you to know that I received your message. Fran Fegan is our HR rep and she can help you and Karen coordinate the paperwork." watson-k,I believe it will be Questar Southern Trails. I'll confirm this for you. Kim. watson-k,"Steve, I will plan to attend this meeting. Kim." watson-k,"Lorraine, Would you please have a conversation with KMI about Randy's concern of KMI shutting in the Gray I/C w/o notifying us and the problems it would cause at P-3. Also, keep Darrell, Market Services and, of course, Randy, plugged into the status." watson-k,"Julie, I would like the tickets for Thursday, Feb. 28. for Clint Black and Lisa Hartman Black. What's the difference between section 748a and section 458? Many thanks! Kim." watson-k,"Audrey, this looks good. Just to clairify, we will keep the Albq. car from Monday until Wed. Also, could you confirm a full size car for Roswell since we have a fairly long drive to/from Artesia?" watson-k,"Lorraine, Can you bring Martha's laptop back to the office? I had originally told her we only needed it while you were out with your sinus surgery. I'd like to go ahead and return it to her." watson-k,"Thanks for dropping this off. I'll look at it tonight. I like the size of my cube, but not the walls!" watson-k,"Hi Patrick, This sounds just fine. Shall we call you in your office?" watson-k,"Gina, I like it. I think it is very nice. I know that employees will be glad to see this finally announced." watson-k,"Sorry, my earlier email message to you failed and returned to me. We transacted 5,000 EP Permian at $3.46 for Cal 02. Kim." watson-k,"Mansoor, Let's discuss. Kim." watson-k,"Steve, FYI, the Risk Management and Reporting was allocated to TW for all 12 months of 2001. However, since I came back to TW in May, Lee Ferrell left Enron in June and Sean and Richard moved to Jo's RC in November, the 15% number dwindled during the latter part of the year. Martha and Bobby were the only ones in this RC that were part of this allocation all 12 months." watson-k,11:30 in the lobby sounds fine. I would be happy to drive. watson-k,"Hi Bod, Would you please add Mark McConnell and Paul Y'Barbo to this distribution list. Many thanks, Kim." watson-k,"Theresa, FYI, Let's talk on Wednesday. I'm in Dallas tomorrow." watson-k,"TK, Here is the proposal from NNG on south end transportation. Any thoughts....particularity on the one year proposal of $0.065 plus commodity and fuel? What do you think capacity release would cost for a one year term?" watson-k,"Hi JB, I just wanted to follow up with you. I have not seen the invoice for the work that you guys did on the new interconnect. I'm concerned I may not be getting all my mail. Have you sent it yet? Just checking." watson-k,"Yes, I can make myself availble for this meeting. Can we discuss either later today or tomorrow for a pre-meeting?" watson-k,I have a conference call then. How about Friday morning or afternoon? watson-k,"Jodi, Here is the electronic OBA agreement. Happy New Year. Kim." watson-k,"Sam, I wanted to catch up with you and see how you are doing. Are you in? K." watson-k,"Yes, this would be fine. Please stop by and mark your day(s) on the calendar that is pinned up on my wall." watson-k,"Rosemary, My cell phone number has changed. It is 713 416 5059." watson-k,"Jan, do you want to be on this distribution list? Please let Craig know if you do." watson-k,"Hi Jeff, John and I are also good to go for tonight. We are open on flavors of food. Some things that come to mind off the top of my head are: Raven Grill, Goode Company (Mexican or BBQ).....I'm trying to think of some place that we could have drinks, beer or wine....we are completely open. Any thoughts on some place close to your neighborhood? John and I were planning on meeting at the house to join up. I'll bring the maps/books etc. Does 6:00pm sound OK? Kim." watson-k,"Julie, Lorna, Kay and Sean, will not be available as a resource to me starting February 1 because of the Dynegy situation. Will need our own access. Please advise." watson-k,I will ask Audrey to coordinate our calendars for marketing. We will let you know. watson-k,"Steven M. Harris, VP Transwestern Commercial (713) 853-1796 Kim Watson, Director Transwestern Commercial (713) 853-3098 Lorraine Lindberg, Account Executive (713) 853-5403 TK Lohman, Account Director (713) 853-7610 Michelle Lokay, Account Director (713) 345-7932 All of us office at 1400 Smith, Houston TX 77002 or P.O. Box 1188, Houston, TX 77251-1188 If you need anything else, just let us know." watson-k,"It is that time of year.... Please complete your list of accomplishments by the end of November. Also, please complete your 2002 Objectives by December 14. Your objectives will need to outline your specific marketing plan for each customer, project and idea you may have for adding/increasing value to Transwestern in 2002. As discussed earlier, we will get together in mid-December to review account loads to see if we need to do any shifting. Your 2002 Objectives will be helpful in determining whether your load is heavy, light or just right. I will be happy to visit with each of you individually if you have any questions or would like to discuss these items. :>)" watson-k,"Jan, Thank you for keeping this up to date! Kim." watson-k,"Sorry, I had a typo in your address below. Here is the message. K." watson-k,We have a floor meeting with Stan on Monday at 1:30 to discuss the Dynegy deal. See announcement below. Kim. watson-k,This meeting conflicts with Steve's staff meeting. I will join your meeting in progress. watson-k,"Gary, I just wanted to get back with you on the Salt Dome Storage question you asked earlier. I have not been able to find anyone in TW who has knowledge of exploring it, but per Kevin's recent message, it looks like SWG is beginning to pursue it. Do you have any comments or thoughts? I will be in Omaha on Thursday of this week for a RM meeting, maybe we can hook up for a few minutes and visit about this." watson-k,"Steve, What was the Oneok issue? What does Ann mean by ""ETS was releasing gas to Oneok""?" watson-k,Thank you for helping me to swirl these dates. Kim. watson-k,"Coral Amy Gold Two Houston Center 909 Fannin STe. 700 Houston, TX 77010 her phone number is 713" watson-k,"Glen, Are you familiar with this organization? Do we normally participate?" watson-k,"Kevin, We are looking for the TW logo. We'll keep you posted. Kim." watson-k,"Sorry, believe it or not, I do know better. I was even talking with Lee as it was being faxed so that she could grab it....she was too slow... I will mend my ways...sorry to make you crazy! Kim" watson-k,"Lorraine, Here are the sales that TK did this week. Thanks for coordinating the bullets! Kim." watson-k,"5,000 for Cal 02 hedged at $3.46. Kim. (Theresa executed for" watson-k,"Hi Kyle! I must not have your current office telephone number. Please send it to me. I would like to connect up with you this weekend if you are available. I cleaned all of our closets last week and have the ""big load"" that I would like to pass on to you for your MANNA collection. How on earth are you? I am still sad and overwhelmed from the Sept. 11 tragedy. I cannot believe we watched that event unfold like that! These are certainly interesting times.... Call me or email me, I'd like to visist! Many thanks, Kim." watson-k,"Jerry, Steve Harris asked me to get with you and coordinate any outage planning input that you need from our group. Please let me know how I can be of assistance." watson-k,"Linda, Thank you for your help! I miss seeing your smiling face. It's lonely here on the 13th floor." watson-k,"Dave, May I ask you to take a look at this spreadsheet, please? Steve and I are hoping to connect up with Danny tomorrow afternoon and discuss both our fuel strategy and our Index to Index Deal strategy. I have put together some numbers on the I to I deals, but I would like to discuss them with you to make sure I am not missing anything. Although Larry Pavlou is on vacation tomorrow, he will be conferenced into our meeting. You are also welcome to join our meeting if you are available. I believe that we are meeting at 1:30 tomorrow afternoon." watson-k,"Hi Pam and Donna, I am not certain that Susan has been made aware of where and which spaces have been allocated to her (Eric Gadd's group) with respect to the move. In effort to make sure that no one falls through the crack, would you please coordinate with Susan as to which floor and specifically which cubical/office locations she can slot her people in. Susan will also coordinate Steve Dowd with the rest of Eric's group in the move so we need to keep a space for him. Susan, Please let me know when you have accounted for everyone in Eric's group (plus Steve Dowd) for the move and have the location assignment. The goal for all is that everyone will have a chair when the music stops. :>) Thanks to all for your help! Kim." watson-k,"Audrey, Sorry for my tardy reply. Here are my top 4 votes: Tues Jan 8 Mon Feb 4 Sat March 16 Thurs April 4 Many thanks, Kim." watson-k,"Yes, we did see this, thank you. TW plans to be at the informational meeting in Houston next week." watson-k,"Dear Jorge, Per our conversation on this past Monday, here is the letter we talked about. We have an original that will be placed in the mail today. Please feel free to give me a call if you have any questions. We look forward to hearing from you soon." watson-k,"Rod, Thanks for your comments. They will be incorporated into the next draft that I route. I expect to hear from Jorge tomorrow regarding their thoughts on the proposed rate. I'll keep you posted." watson-k,"Tiny, Thank you for taking time out of your busy schedule to come to Houston to attend this. TW is assured the best success when all key departments are part of the strategy. I have always appreciated your input and your enthusiasm for success." watson-k,"Denise, can you accept these red-lined changes and send back to me? Many thanks, Kim." watson-k,Thanks for the update! Kim. watson-k,"Rich, Thank you for keeping us in the loop on this unit. Kim." watson-k,"Hey Kevin, Thanks for the message. In fact, I talked with Glenn Hass about this earlier today. I also talked to Questar about this today as well. Gary Schmitt was somewhat optimistic, but he had not seen the full order yet so he was still reserved. I'll keep you posted." watson-k,"Mike, I'm sorry I accidentally deleted you off the distribution list when I was putting this together and didn't realize it until this morning. My apologizes." watson-k,"Susan, I just wanted to follow up with you that everyone in Eric's group (plus Steve Dowd) have a place to land when we move. I have not seen the area that you guys are supposed to move and I just want to make sure that no one falls through the crack. Are you satisfied that you have spaces for all?" watson-k,"Mansoor, I've got it booked. Who else from our shop would you like to see attend also? Kim." watson-k,"Audrey, I was on vacation Oct. 1-5. I was here the rest of the pay period." watson-k,"Steve, Here it is. Kim." watson-k,"Rudy, I am so glad that you have landed! Thank you so much for the phone mail message you left me. I would love to schedule lunch with you in the next couple of weeks to see how you are doing. We'll grab Martha, too. Congratulations!! Kim." watson-k,"Lorraine, Do we need to put this in the 2002 Capital Budget? Kim." watson-k,I think that will be fine. K. watson-k,"Unfortunately, I do not know Rodger. I sent this message on to Steve to see if he knows of him." watson-k,"Rick, Thanks so much for the lead! In fact the timing is very good since we are trying to determine a viable scope of the Sun Devil expansion. Lorraine, would you please give Rick Padia a call and see if there is a fit for us to service his area. Maybe they can form a coalition of all the land owners for the White Cliffs Area? Also, please keep Rick Smith posted of our conversations with this possible new customer(s)." watson-k,"Earl and Mansoor, I have received a copy of the as-built drawings for the TW/Agave Eddy County Interconnect. Earl, as I understand it, you have a copy also. Please confirm that you have what you need. I will send my copy to Mansoor unless otherwise directed. Also, I have received an invoice from Agave for $245,904.20 for their work on this interconnect. Earl, I believe Mark McConnell faxed you a copy a few weeks ago. I need you both to approve the invoice so I can pay. Do either of you have any comments regarding this invoice? Does anyone else need to see it? Please advise." watson-k,"Let's catch up tomorrow. It's been a tough couple of weeks, uh? K." watson-k,"Yes, however, I thought I saw an earlier message from you booking this meeting at 9:00. Either time works for me. Please confirm." watson-k,"Here they are. They are thin this week, lots of things in progress..." watson-k,"Tiny, Jeff and Mansoor, Please see the schedule for our meeting with Questar on Tuesday. Mansoor and I will be arriving into Farmington from Albuquerque at 12:40. We can meet you guys at the Williams plant site near the 1:00 timeframe. Jeff, I apologize that I have not spoken with you yet about a possible interconnect with Southern Trails, I will try to call you tomorrow so we can discuss. If you schedule permits, I would very much like for you to attend this meeting with us. Many thanks, Kim" watson-k,"Stuart, Your ears, or maybe mine, must have been burning lately. I have been thinking about you over the past couple of days and wanted to call you and schedule lunch. Is your new office in the Greenway Plaza area? Gosh, we have lots to catch up on from both your side and mine. Congratulations! I know you must be excited and I can't wait to hear about your new opportunities with WHES! What is you schedule the week of March 18? Are you available for lunch anytime the week of 3/18?" watson-k,"Hi Jo, Yes, I do have time on Wednesday afternoon and would like to meet with you. Might you be available anytime after 2:00pm?" watson-k,"Lorraine, Would you please take a look at the attached spreadsheet and determine which power plants may be close to our pipeline. Bill Wood would like us to respond by mid November." watson-k,How about 9:00 am on Tues? I'll come see you. watson-k,"Lorraine, TK is on her way back into the office if you are still available to meet prior to lunch. Kim. By the way, do you log into MSN messenger? It would be helpful if you would. Let me know if you need help in doing so." watson-k,"Glen, Can you help interpret this impact of this decision on California customers for us? Since we are looking at the Southern Trails system again, is this really good for them? Exactly what is the rate the peaking customer would be charged? Many thanks, Kim." watson-k,"Hi Dan! I am glad that your family is well. My heart is so heavy with the tragedy of the WTC. I cannot fully comprehend the enormity of it all. I will be glad to bring the tape in. I am actually going to be in the office late Sunday afternoon to begin packing my desk. We are temporarily moving to the 13th floor mid next week while they reconstruct our floor. I will have the tape on my desk in an envelope with your name on it, too. Also, I have a little book that you lent me with nice verses. I will bring it as well. Thanks and take care. Kim." watson-k,"FYI, I am in training tomorrow, Wednesday, from 8:00 until noon in the 3 Allen Center. I can be reached by my cell phone if you need me." watson-k,"Lorraine, Has this been corrected? Please keep Jan informed of any invoice changes." watson-k,Thanks! This is great news! K. watson-k,"Kirk, Here is the open season document on our Sun Devil Expansion Project. Have a great weekend! Kim." watson-k,"TK, When you get back from vacation, let's talk about this. What do I need to do?" watson-k,"Bullets, please!!!" watson-k,L--- Can you help with this? Per my conversation with you earlier today. watson-k,"Dear Gary and Fran, Attached, please find a resignation letter from both me and Lorraine Lindberg. If you would like a signed hard copy, just let me know, I would be happy to provide it to you. Lorraine has also indicated that she would provide you a signed hard copy, too. At your convience, I would like to visit with each of you." watson-k,"All of these sound great. Why don't you pick one. We like all of these places. Kim. [Watson," watson-k,"Audrey, you are so kind. Thank you for driving this for me! K." watson-k,"Audrey, please review. It looks OK to me. Do you have any more suggestions?" watson-k,"Mansoor, I did receive the signed I/C Agreement from Questar late on Friday. I am currently routing it for approval for TW's signature. If putting a hold on this meter would help improve the in-service date, I would definitely recommend it. Would you please provide me your thoughts." watson-k,"Julie, We need an earlier time on Monday to have the prep meeting for Trans Pecos (it is currently scheduled for 1:30). Can you tell me what Danny's calendar looks like? Our meeting with Stan is at 3:30." watson-k,"Given that the first week of Dec was the bankruptcy filing, I don't show any lunches out during this week. I don't believe it was me. Can you tell by the price how many people may have been at lunch?" watson-k,"Greg and Maria, FYI. Here is a report for the July Capacity Releases on TW. PG&E, Sempra and Texaco all released on an Index to Index spread and are above max rate. Elizabeth has the history of TW Capacity Releases if you think it might help in the preparation of our strategy for negotiated rates." watson-k,"TK can sell Feb-Dec to Sid Rich for $2.27. Or sell remaining Jan, Feb and March for $2.01. We can sell 10,000 for Feb/March. We can look at only selling 5,000 for rest of year, leaving 5,000 to catch upside(or downside). We need to at least sell Feb/March before 1:00pm AGA report today. Are you OK with this?" watson-k,"James, thanks! Kim." watson-k,"Mansoor, this is the other thing I was trying to remember when I was in your office this afternoon. I would like to discuss this with you." watson-k,"Many, many thanks! Kim." watson-k,"What were the offer dates for the Gormet Group? Didn't we offer all three weekends? I'm open all three weekends in November, however, we might want to steer clear of the 17 just incase we decide to travel during the week of Thanksgiving." watson-k,"Looks like their new name? ......Global.....Transportation.....BBBBB??? bucket, bag, banner?" watson-k,"Steve and Teb, Please find attached the agreement for Questar Southern Trails I/C with TW in the San Juan Hub. It is very standard, just like the Agave agreement. Fully reimbuseable. Please let me know if you have any comments." watson-k,"Sue, Have you talked to your mom since last week? I would like to visit with her by phone or email about what her views/opinions are of the local viewpoints of the WTC tragedy. May I have her phone number and email address again?" watson-k,"Hi Kirk, I got your ""out of the office"" message the other day when I emailed you, so I knew you would be busy when you got back in the office. My schedule is a little hectic tomorrow, my afternoon looks a little better than the morning. Next week looks wide open. Would you mind waiting until next week? I just want to make sure we are not holding you up. Let me know your preference. By the way, how did your testimony go on Big Sandy?" watson-k,"Kevin, Sorry, I did not see this message until after Steve's staff meeting which is from 2:30 to 3:30 every Monday. Do you have some time tomorrow --- I'll catch you up on Caithness." watson-k,"Steve, here is the Pemex draft. Kim." watson-k,That sounds great. I'll talk with you early next week. Have a great weekend. watson-k,"Kirk, Attached, please find the Delivery Point Construction and Operations Agreement. Please feel free to call me if you would like to walk through it. I would be available for you tomorrow to do this if you would like. Just let me know." watson-k,"Kirk, How about talking at 10:30am CST on Friday, August 10? My day is pretty flexible, so if another time works better for you, please let me know." watson-k,"All, We are still working on all the details of the proposed interconnect with Questar Southern Trails in the Blanco Hub and will send you a copy soon for your review. Since the interconnect is fully reimbursable, Questar is proposing to pay us according to the attached payment schedule vs. paying all of it up front. Please take a look at this attached schedule and provide me you comments. If we allow them to pay ""along the way"" I am interested in making sure it at least matches the timing of our cash outlay of building the interconnect. The total estimate of $702,000 includes the tax gross up, which may or may not be applicable, so each of these amount may be reduced by the tax amount. Does anyone have any concerns with the timing of the payment schedule?" watson-k,Start with Renee Bickerstaff. K. watson-k,"Elizabeth, Yes I would like to discuss this with you. My schedule for Wednesday afternoon or Thursday looks good. How about you? Kim." watson-k,How about Friday about 10:00 ro 10:30? Kim. watson-k,I was really thinking about the prep work needed for Sat evening. Can we talk tonight? What watering hole? Where? K. watson-k,"Lorraine, I will be in a meeting during this time. Will you be able to sit in on this and decide if we should participate further for our group?" watson-k,"Mary Kay, What is the usual process on something like this? Do we get a chance to respond to the protest before the FERC makes a decision on whether to hold a Tech Conf? What is the timeline for any other protests to come in? What is the timeline for FERC to decide?" watson-k,"FYI - I spoke with John Sturn yesterday and he is coordinating the pigging of the SJ lateral to see if the efficiency of the drag reducing agent will increase. He says the pig run will not interrupt scheduled flows on the pipe. If the efficiency of the SJ lateral does not increase from the pig run, then Operations will look to reapply the DRA. Kim." watson-k,"Tracey, I received a phone call yesterday from Mika Aswell (spelling?) from Lea County, NM. Her county office has received a check from Transwestern and she does not know how to apply it. Here is what we know: Amount: $7.36 Check Date: December 17, 2001 Invoice Date: 1-1-2001 #676-3004-0 Voucher: 0100001479 Purchase Order: A60KD13882 Mika's phone number is (505)396-8534. Can you please track this down and tell me or Mika how to apply this money. Many thanks, Kim" watson-k,"Hi Kirk, I just wanted to check in with you and see how you were doing. How is the Big Sandy Project? How are you doing on the water rights? I hope all is well. We're doing fine in Transwestern. Kim." watson-k,Paul can transact El Paso Permian Cal 02 @ $3.14. Are you OK to transact? watson-k,"Not sure how this impacts us. FYI, K." watson-k,"Hey guys, Since I am out of the office tomorrow, here is the beginning of the bullets. I need to you add your weekly bullets to this list. Please coordinate with each other before you send them to Audrey (by 10:00am, please). Please file save the final version on the shared drive under my folder. All of the previous weeks bullets are in the folder by date order." watson-k,I must be sleepy this morning. ??. K. watson-k,"Rich, Can you help us in defining how we can participate in the Laguna festival? Steve, TK and I are available to participate on Tuesday, Sept. 18. We would have to be able to leave Albuquerque around the noon hour on Wednesday, Sept. 19." watson-k,"Please review the attached agreement for the Big Sandy Interconnect. It is very standard. It is reimbursable. It has a few blanks that have to be filled in for certain dates that we (or Caithness) don't know just at this time with respect to receiving regulatory approval, in-service date, etc. Caithness wants this agreement for their prospective equity partners to review for content. Teb, Lee and Ron, this agreement has not changed since you have last seen it, but I just wanted you to give it one more look. I would like to email to Kirk (Caithness) tomorrow afternoon." watson-k,"By the way, I don't think I finished my thought when we were talking about this earlier today. Yes, you are correct that PNR revenue was only $1,200 in July. Due to higher swings in the SoCal window causing higher line pack, parks were not made available most of the month. TK continues to challenge our ability to accomodate PNR's. The Daily Balancing Report is helping us to recognize opportunities for this service." watson-k,"Kevin, We are putting a list together for lost value for all of TW including the Trans Pecos project. We will get this to you by the end of the day. If your timing is different than this, please let me know." watson-k,"I've got it booked. HAGD, BCDTA, ILY, K." watson-k,"I need help on ""WUFBR, SMATB"" -------Forget bring refreshments?....Sunday morning?...... K." watson-k,"TK, This is the funniest thing I've seen in a long time! You should have heard me scream! I laughed so hard I had to hang up on the Steve Cooper voice mail. K." watson-k,We are tracking this one down. I'll keep you posted. Kim. watson-k,"Hi Stephanie, By chance are you available for lunch today? Kim." watson-k,FYI. Kim. watson-k,How about I talk with her on the phone... We can visit with her tonight. K. watson-k,"Jim, Per my conversation with Bob Guthrie, he ask me to add you to our distribution list for the due diligence team. We hope that you can make it on Monday morning at 10:00am EB 1336." watson-k,"I was informed by Lone Star that they have not completed their transaction with Sid Richardson and they will continue to take deliveries from TW until further notice. (I suspect that they may not sell this asset, after all.) Assume no sale for now, I will keep you posted if anything changes." watson-k,"Mr. Craig, Would you please add Mark and Paul to this distribution list. Many thanks, Kim." watson-k,"Deb, I've sent this message on to TK. She is handling this for our group. I'll have her call Vernon. Kim." watson-k,"Hi everyone! Attached, please find the resume of Mark Pickering who is the Chief Technology Officer for Enron Net Works and is the lead candidate for Bruce Stram's replacement on the board. Please take a moment to review his resume as we will discuss his candidacy for the board this evening." watson-k,"I probably prefer the 3 or 17. Let's get the rest of our invites together this weekend. ILY, K." watson-k,I've got it booked. I'll give you a call. watson-k,"Mansoor, I can make either time work, my preference would probably be Wed 1:30-3:00 if given a choice. Would you like for all of Marketing to be there or would you prefer to keep it small with just Michelle and me?" watson-k,"Hey guys, We got our first response to a Florence Hotel. Please read this message and take a look at the attached links to their hotel website to get a feel for the location. Janell and I think that it is close enough to the city center, but we are open to fresh eyes. Let me know your thoughts. I sent about 12 faxes this morning, this is the first to respond. Janell has personally called about 8 hotels in Florence and they have all been fully booked. Let me know what you think." watson-k,"Steve, FYI- a success of collecting one of the Shipper imbalances. Kim." watson-k,"Ranelle, Does this mean that we are no longer limited on the volume that we previously were limited to on PNM? I'm very glad that this passed. Thank you for your help! Kim." watson-k,"Rene', I think a cocktail dress would be wonderful. I plan to wear something fairly festive myself! I look forward to seeing you on Sunday! Kim." watson-k,"We have a response back from the Hotel Firenze (same hotel we stayed in before) in Rome for the last two nights of our trip (June 7 & 8) that they do have availability. The rate is Euro 155.00 (according to the conversion rate I think this is about USD $136) for each room all including. They will need credit card info if we want to confirm. I have not heard from the Hotel Conditti ( which is the hotel we had reservations for back in September and is located closer to the Spanish Steps than the Hotel Firenze) and hope to hear from them soon. I have also not heard back from the Marincanto Hotel in Positano. I'll keep you posted. I thought we would give the Hotel Conditti another day to respond before making our decision. If Conditti does not have space or is too pricey, are we OK with booking the Hotel Firenze? I have not checked into other Rome hotels. Let me know if you would like me to investigate others. Please advise." watson-k,"Steve, We are still confirming whether or not TW has had other I to I deals negotiated in the past. So far, TK, Lorraine and Michelle don't think that we have any, but I will talk to Lindy tomorrow. Here are some NNG I to I neg. rates that have been approved during the past year. I will keep you posted. Kim." watson-k,"Jodi, Here is another draft of the OBA. Please review the changes I made with Gaylen and let me know your thoughts. By the way, I did receive your signed I/C agreements on Friday afternoon. We are routing internally for signature." watson-k,"Susan, This meeting for Sun Devil would involve: Lorraine Lindberg Michelle Lokay Mark McConnell Paul Y'Barbo Kim Watson Kim. P.S. Wed looks better than Tues for me." watson-k,Several of us in our shop are going. We are splitting up between Wed and Thursday. Kevin is going on Thursday. Kim. watson-k,"Are you back in the office yet? We've booked Italy tickets this week for departing Houston on Friday, May 24 to Newark/Rome and returning on Sunday, June 9 from Rome to Newark/Houston. Ticket price was $1,183 per ticket. Paul and Judy are on board. Can you and Tom join us? Janell and Dennis will not be able to go anywhere in 2002 due to Janell's broken leg. Please call me, let's discuss." watson-k,"Kirk, No problem. We will make ourselves available when you are ready. We are very interested in your progress with the ACC. Good luck and keep us posted!" watson-k,Here it is. Kim. watson-k,"Jo, Here is a copy of the open season that is being posted late today for a TW expansion from San Juan to Phoenix and California. Please mention it in the morning meeting tomorrow since we are off campus in a strategy meeting, and we will walk through it with everyone in the Friday morning meeting." watson-k,"John, Look at this. Kim." watson-k,"Lindy, were you able to print this slide? I could not find it. K." watson-k,"Yes, the 1:30 is the prep meeting to the 3:30 Stan meeting. Danny wants us to look at project financing vs. MLP. If you get a chance, call me Monday when you get back in the office and we can discuss a little further. Happy New Year. Kim." watson-k,"Julie, I currently do not utilize LIM on my desktop, however; in light of the changes with NNG/Dynegy, I believe that someone in my shop should have access to LIM. We had been currently utilizing Kay Treat and Sean Bolks for LIM information. Should we coordinate with you? Please advise. Kim." watson-k,"Actually, Audrey might know of some place. If not her, check with Linda Wehring, she knows absolutely everything! Thanks for all of your help today! We really appreciate it! Kim." watson-k,"This looks good to me. Question: Is there a tax/CIAC issue with Citizens reimbursing us for this change? Will there be an addition to our property accounting records to reflect a change to a pressure control system? Because it's only $5,000, there may not be an issue, but I just wanted to check. Kim." watson-k,"How about today (Thursday) at 2:00. Can you come to EB1336?. John, are you available, also?" watson-k,I've got an 8:30 meeting at the office. I can do later in the morning or afternoon. Can you take him alone? K. watson-k,Do you have your resume together? Any leads? watson-k,"Jo, Let's talk on Wednesday at 3:00. I can call you." watson-k,"I think I gave my time to you before I left, but if not, here it is... Discretionary Day: February 19 Vacation: February 20, 21, 22 Let me know if you have any questions." watson-k,"pricing are falling more.....Cal 02 is now $3.27. EOL still does not have Perm Basis posted for Cal 02, but we suspect that it is in the $.11-.14 range. FYI." watson-k,"Everyone, Looking for a volunteer to market TW to this new power plant so that they will take the supplies off our pipe. Any takers? Kim." watson-k,Thank you! Kim. watson-k,Whose master firm physical gas agreement? Does UBS have these? Kim. watson-k,I would like to attend the 10/31 session. Will the training be in the morning? watson-k,"Mark, Will Maria or Dorothy be able to attend and provide their historical knowledge? I've got it booked on my calendar." watson-k,"John, Hi, I got your voice mail while I was out of town. I am out of town tomorrow, but I am coming to Omaha on Wed eve. and will be in the office on Thursday. Can we talk for a while on Thursday afternoon to discuss USGT?" watson-k,"Janell, FYI, John and I emailed the Hotel Mozart in Rome for availability. I'll let you know if I hear something. Have a great day! K." watson-k,"I received a message that there will be a surprise lunch for Rich Jolly on Friday, March 29 from 11:30 to 1:00pm in ECN46C1. Rich is retiring after 35 years of service. Everyone is invited." watson-k,"Steve, While I am checking on this items we discussed, here is a draft copy of both proposals. Please note that I have given them 60 days to respond. That may be too long for the Red Rock proposal. Let me know if you would like one or both timeframes changed. I'll visit with you by voice mail as I get an answer from Dennis Tu." watson-k,"Steve, FYI, I just talked with Jo and she will take a look at a 100,000 and 200,000 from Permian to TW/NNG Gray for a longer term. She will need to look at how much capacity she will have to move to make room for us. She (and probably Vernon) will get back to us. I'll keep you posted on our conversations. Kim." watson-k,"If you need assistance, please let me know. I know Ruth, she actually worked in our group a couple of years ago. Do you think we'll get an answer so we can sell before bid week ends for Feb business? Kim." watson-k,"TK, What are your thoughts on resolving this? Would it help for you to talk to Pauline? How can we assist Darrell in this?" watson-k,"Hi Dot. Audrey is our secretary. Her phone number is X35849. I wasn't aware that she books 49C2, but give her a call and see what she says. Happy Thanksgiving. Kim." watson-k,"Amy, Thank you so much for sending these to me. They are very useful." watson-k,"Hey Italian Team, We are booked for Florence! Please keep this for your file." watson-k,"Craig, Can we get together and talk about this? I was out of town several days last week, and as I look at it now, I want to make sure I understand the questions that Rita is asking and I'm wondering if we need to do something different with the way that we fill out the deal sheet. Can you help me comb through this? I'm in the office all next week. Just let me know when it is convenient for you." watson-k,Another response. I think it is further away than Hotel City? Can anyone look at a map and tell us? It's crazy at the office today and I won't have time. watson-k,"Morgan, I am on the road on Tues and Wed back on Thursday. I would love to see everyone's handy work if people can wait that long. Otherwise, can you keep it in your office until I return?" watson-k,"Hi Robert, Yes, I am still here! However, the Research and Development department is no longer a part of Enron which is why their emails have been returned to you. Thank you for your thoughts, I will keep you posted. Kim." watson-k,"I recommend that we don't actually book anything for a while, but let's look at weather and tentatively be thinking of a date. As far as the bombing, that will go on for years. K. By the way, thank you so much for your help today on the terminations of OBA's! Kim." watson-k,"Ramona, where will this meeting be. I've asked that Lindy and TK sit in on this." watson-k,"Mark and Mark, We approve the costs to get real-time DTN feeds. We would like to sign up for a 3 year agreement so that the $1,000 fee is waived. We will have seven primary users right now: Harris, Steven Lohman, TK Lindberg, Lorraine Lokay, Michelle McConnell, Mark Y'barbo, Paul Watson, Kimberly Thanks for all of your help on this. Please let me know when real-time pricing can be installed." watson-k,"Darell, this works fine for me. Where do yo want the Houston folks to go?" watson-k,"Hey gang, I just wanted you to know that I sent a fax early this week to cancel our hotel in Positano (Hotel Marincanto). I did not receive a confirmation back from them, so I called them this morning. Julio is the gentleman I talked to and he did inform me that the four rooms we had booked are cancelled. I think we are OK, but I would feel better if we had written confirmation of the cancellation. Please watch your credit card charges to ensure that you do not get billed for the hotel. I have received written confirmation from the hotel in Rome (front end of trip) and the hotel in Florence of our cancellation. Let's start looking at dates in 2002 to rebook this trip. If one of you has some time, would you check to see if the weather would be better in May or June? Any thoughts?" watson-k,"Great, I'll see you at 2:00. I am coming back in town on Wed, so if I can get back to the office by 1:30, do you want me to call you to come over early?" watson-k,"John, I will be able to make the Thursday meeting. I will be out of the office on Friday afternoon." watson-k,"I don't see you on MSN, but I am on the phone now with Nanci and she is having back problems (a long story, I'll share later), but we are going to have to cancel the lake this weekend. I have a 10:00 meeting, so I will have to run soon. I'll call you when I get back. I'm still OK taking off tomorrow and next week. Maybe we stay home this weekend to be with Herschel, and if he is better, then we can take him to my mom's on Mon or Tue and go on to the Hyatt Hill Country next week. Thoughts? ILY, K." watson-k,"Earl, Thanks for the note. Mansoor and I have talked and we would definitely like you to put a hold on this meter. I will keep you posted on Questar's response to the list of equipment that you provided us last week as to how quickly they could receive any of this equipemnt." watson-k,"Jorge, My apologizes, a slight typo in the Trans Pecos name in last paragraph. Here is the revised memo." watson-k,"Lindy, this looks good. I like it." watson-k,"FYI, per our meeting with Ben and Kim, here is the access to the Deal Profitibility system. The dashboard just went down, I'm trying to verify that we still have access via the dashboard. Kim." watson-k,"Lindy, I accidentally left you off my earlier distribution to the marketers. FYI, Kim." watson-k,Great Job! Kim. watson-k,Here they are. Thanks for your help today! Kim. watson-k,"Kevin, Donna and I are working on the floor plan. We have you slotted to move with us (although we don't know exactly where yet), but we were not sure if we needed to make space for anyone else that works for you. An assistant? Davis Thames? Please advise." watson-k,"no, not yet? Who has it? K." watson-k,Thank you for setting this up. Kim. watson-k,"Please remember that we are meeting at 3:00 pm today in EB 1336 to talk about the weekend flows. Also, at this time let's discuss more of the details of how we want to operate our own meeting starting next Tuesday." watson-k,"Danny has provided us with some tickets to the 2002 Olympic Winter Games Reception celebrating the Olympic Torch Relay in Houston today. We have VIP Seating and tickets to the VIP Area (although I'm not sure what this means). If you (and your spouse) would like to attend a private reception tonight at 6:30pm at the Renaissance Houston Hotel - 6 Greenway Plaza East (Edloe @ Hwy 59) please let me know. John and I will be there and we have tickets for two more interested folks. Also, the Olympic Torch is being run in front of my home, The Spires, tonight between 5:00 and 5:30pm. You all are welcome to come over and see this event. I will try to leave the office around 4:15 to head home. Please let me know if you would like to come, I will give you directions." watson-k,"Lee, please review the following offer to Pemex for firm transportation on TW. I would like you to review the language I have inserted and see if you would like to add to it before I send it to Steve to review. I also want a few other people to see it before I send to Pemex. My goal is to get this out tomorrow. Let me know your thoughts." watson-k,"Steve, Well, TK celebrated 20 years with Enron on January 11. I did talk with Fran about the status of service awards, and of course, they were suspended in December. Fran said that they are having discussions about what to do in the future. It may be a while before this program gets reinstated (if at all). Until it does, may we go ahead and plan a lunch or something nice for TK?" watson-k,"Hi Kirk, I just wanted to check on you and see how the approval process was going. Have you heard from the ACC Commissioners yet? Please let me know if we can do anything for you." watson-k,"Lindy, this is as of yesterday. Updated from the one I just sent you." watson-k,"Bill, I've made a couple of changes related to ENA having two contracts that we want to market via this method. Please check my comments and look to see if any of the other language needs to be changed for the additional agreement. The letter looks great to me. Thanks for all of your help on this. Once we hear back from you, we will tender to ENA for their execution so we can proceed forward in selling this capacity." watson-k,Check this out. K. watson-k,"J, are you interested in this? K." watson-k,"Pilar, Thank you so much for the wonderful card! Thanks for thinking of me. Kim." watson-k,"Steve, Jan and I will print out 5 copies of each of these. FYI, for your files. Kim." watson-k,you bet! How about Wed. August 15? Kim. watson-k,Have you guys heard anything about shippers wanting gas at this point? Let me know. watson-k,Thanks for the chuckle! Kim. watson-k,"Steve, Early this week I asked Jo for a rate and the size of volume (looking for the max volume) we could have for transportation on NNG from WT to PH(NNG/TW Gray). I've got a couple of follow-up calls into her, but she has not gotten back to me yet. I hope to have a response from her before we meet with Mike Stage on Tuesday. I'll keep you posted. Kim." watson-k,"Jean, all is correct except that Steve Harris should get two flat screens instead of Michelle and me getting a third panel. However, I did want to mention to you that I would like for Michelle to have a third flat screen since she handles all of our EOL transactions thereby giving her a screen for Dashboard/Pipeline Profile, Outlook and EOL. Is there an extra one around for her? Many thanks," watson-k,I would like us all to attend this meeting. Please let me know if you have a conflict. watson-k,"Thank you for the notice. I would appreciate it if you could mail my prize to my office location in the Enron Building. I am located in ECN1346. Thank you very much, I appreciate the effort you guys took to set up this important website. Kim." watson-k,"Martha, I'm sorry you had to miss lunch today. Frank also brought Mark Pickering (they worked together at EBS). Frank and Mark are working on business development for Plains. He very much wants to catch up with you, I told him you would give him a call. His office number is 713 739-6715 (if 739 doesn't work, try 729, the voice mail was fuzzy). His cell phone is 713 503-9027 (I know this number is correct). Please give him a call. He is very happy in his new role. My lunch with him today did remind me of the ""good ole days"" you and I had with him. Give me a shout when you get back into the office." watson-k,"Blair, per my voice mail message. If you can, would you please review and let me know if you have any comments. It is a very standard, fully reimusable I/C." watson-k,thanks for the heads up. Please mention in Steve's staff meeting on Monday. watson-k,I am indeed logged into MSN. I wonder if ENE zapped MSN for outside people. I'll look into it. K. watson-k,"Alma, I would like to attend the March 21 at 1:30 demo. Where?" watson-k,"FYI, I think this was originally sent to me from Paul. It looks like it is a 13 hr. drive from Palermo to Florence. Kim." watson-k,"I saw you log in, but I don't see you on MSN. I, too, am still at the office. What a day! K." watson-k,"Shelly, Steve does not know him either. Kim." watson-k,"Steve, Was Lorraine able to get you an answer before she left? I know she had a few calls into Nevada Power. Let me know if you need me to do anything on this in her absence. Kim." watson-k,"Bobby, Thanks for your help on this. Let's talk early next week to see where you are on this and whether or not you will have to implement the interim plan." watson-k,"Katie, When I talked to Kyle last week I didn't realize that you are still driving into downtown everyday. I have my trunk loaded with some contributions for MANNA and would like to pass them off to you when it is convenient. What is your schedule during this week? I could meet you during lunch or at the end of your day any day this week, whatever you prefer. Many thanks, Kim P.S. How was Mickey's birthday parties this weekend?" watson-k,"John, I will be travelling on Wednesday with Mansoor to see Questar and Agave and will not be in the office to attend this meeting. I would like to ask Lorraine Lindberg to be involved in this meeting in my absence. Lorraine, would you be available to attend this meeting for our team regarding capacity on the mainline?" watson-k,"Hey Tiny, Thanks for your voice mail regarding Griffith. I will scout it out on Monday and let you know if I hear any confirmation of the water supply. Gee, I hope it's not true. We are still on for August 8 for our strategy session between Facility Planning and Marketing. I believe that HR will be sending out the invite. I thought it would go out this past week, but I'm sure you'll see something early next week. We will start at 8:00am on the 8th and go until about 7:00 or 8:00pm. We will be at the Four Seasons Hotel in downtown Houston." watson-k,I like it. Kim. watson-k,"J, D, P and J, Here is a previous email from the travel agency regarding car and ferry info. I have asked Dee to book the overnight ferry from Palermo to Naples. I believe that we still have a 6 hour drive to Lucca, but that will put us there sooner than the overnight ferry to Livorno with a 2 hour drive. She is also confirming the car and rate for us (approx $742 for each car). FYI, I have received a few more faxes from available Rome Hotels, but none of them have a better location that what we have booked and a few of them were even more expensive than what we have booked. Janell is on the hunt for a Florence hotel. I will prepare faxes in mass for Florence tonight and send them out tomorrow. Dorothy called me yesterday and wanted to know how our plans are coming. She and Tom are very sad that they will not be able to join us. I told her we will drink for them everyday and have them in our thoughts. She is doing well and hopes to return to the office in about three weeks on a part time basis. Also, John and I are confirmed in a Rome hotel for the 11th-13th which is only about 5 blocks from the train station where we will return the cars. We can put everyone's luggage in our room when we return to Rome and have a nice dinner before you guys taxi to the airport to return home. I will keep you posted as we hear more." watson-k,Thanks for letting me know. I'm glad you have everything back. How are you doing? K. watson-k,It may be a good idea for everyone to attend this meeting to get brought up to speed on the 637 filing. See you there. Kim. watson-k,"Darrell, I like to see the weekend flows. This is great. Thanks. Would you please add Michelle Lokay to this distribution list." watson-k,"Michelle, Would you have time to handle this I/C? If so, please let Perry know that you are the marketing contact. If not, please let me know so that I can pass it on to someone else." watson-k,"Lindy, Since I will be gone tomorrow and next week. Would you mind providing this information to Carmen? I owe you one!" watson-k,Can we meet on Monday? Perhaps after the TW staff meeting which ends about 3:30 to 3:45. Kim. watson-k,"Let's meet after the staff meeting today to discuss carving out existing capacity for June 1 as well as what, if anything, we say to the shippers for now. Lorraine, would you please bring the volume needed for Red Rock contracts for June and July. If we carve out existing capacity, we still may not have enough for al of them without prorating." watson-k,"OK. BTW, when did you tell me your MGMA meeting was in Sept. Is this when we will go to Utah? What city will we fly in and out of? Kim." watson-k,"Paula, I can make myself available this evening or tomorrow evening to discuss this and other topics as your calendar permits. I actually think that we should not be pressured by anyone to fill this position in the next few days. If Jim would like to resign effective the end of the month (or some other date), I think that would be fine. It is completely reasonable that the board take some amount of time, whatever is necessary, to select the right candidate. Let me know when you would like to rally." watson-k,"Mark, I reviewed my files and did not find the Dandby section. I don't believe that I looked in the asset book. Check with Jim Curry - there did seem to be some confusion about the Asset Listing Summary vs. the Asset Listing Detail (that wasn't in the file) - maybe it is just miss-filed in their stuff. Kim." watson-k,"Richard, Please make sure that Paul see's the invoice. After Paul approves it, I can sign it too." watson-k,"Steve, We have a contract extension for Sempra, 30,000/d from La Plata to I/B Link extending it from 12/31/01 to 12/31/02. Max rate. Standard language. I would like to approve this contract in your absence. Legal and Regulatory have already approved." watson-k,"Ramona, Gosh, something always seems to come up every year that we want to make a change to our existing systems. Lindy will be back tomorrow and I will discuss this with her. We are evaluating how we currently administer and market pools. If we decide to make a change I suspect that it may require a system change, but it is too early to make a decision just yet. I also think that we should think about how to link EOL transactions through the entire contracting process. I know that NNG is probably a little further on this than we are, but it is reasonable to think we should have this ready for us next year. I will continue to ponder this and discuss this with Lindy upon her return tomorrow." watson-k,"Gary, Henry did fax me some of the literature, but the quality of the fax is such that it is hard to read. I am meeting with Jack tomorrow at 10:30, how about I stop by and see you." watson-k,Thanks Morris! Will you guys be able to call Mika Aswell and let her know your results? watson-k,"Amy, Here is the Open Season Document on our Sun Devil Expansion. Please call me if you have any questions." watson-k,I love this report. How often will you send this out? watson-k,"Dennis, What are your thoughts on this request? I'm not even sure that our map department exists because of December 3. If we respond to her request, we may want someone at an officer level at the Navajo Nation to request this data and then send it directly to the officer." watson-k,Mary D. is looking to send in the I to I filing for the Cal 02 deal this afternoon. They've got a lot of people out next week and want to file it today. Let me know if you have concerns. watson-k,"Oh, My Italian Amigos, I just received a fax from Hotel Condotti and they do have availability for June 7 & 8 at a rate of Euro 233 ( which is about USD $204) which includes breakfast and taxes. http://hotelcondotti.com/rooms.html http://www.hotelfirenzeroma.it/ing/hotel.htm Please check out each of the above web sites and let me know what you think. The Condotti is a little more expensive, but certainly looks very nice. We know that Firenze was fine and I'm certainly happy to stay there again if everyone is game. John, do you have a preference? Paul please talk with Judy and let me know what your vote is. Also, let me know if you want me to check on other hotels in Rome. Once I tally the votes, I'll confirm the hotel." watson-k,Hi Sylvia! Please use this email as approval for Mark McConnell to have access to the Envision system. Hope all is well with you. Have a Happy Holiday! Kim. watson-k,"Audrey, As a matter of practice, would you automatically email me the final bullets document after Steve approves? I will then save it in my word file and use it to start the next weeks bullets." watson-k,"Earl, We are looking at putting the metering facilities on their ROW (also, I think we will have to purchase about 50ft of ROW from ElPaso to get to Questar's property). As you look at this, if for some reason we cannot obtain ElPaso ROW, we will have to look at Plan B which would be to put the metering on our ROW. Our in-service date is May 1. If you think that May 1 may be difficult due to receiving the parts/materials on a timely basis because of the issues that vendors may have with us because of recent Enron events, please let me know. Questar has already informed us that they would help obtain parts/materials to our specifications if it helps achieve an in-service date of May 1." watson-k,"Dear Ms. Monica Vespoli, It is with great regret that we will have to cancel our Italian holiday and will not be able to stay in your hotel on 30 September - 04 October for 4 nights. Please cancel the reservations of: John and Kim Watson Dennis and Janell Dye Paul and Judith Donnelly Tom and Dorothy McCoppin Please confirm receipt of this message by reply email (kimberly.watson@enron.com) or fax to USA 713-646-2551. It is our sincere hope that we will be able to reschedule our holiday to Positano in the near future. Thank you for your kindness." watson-k,"Steve, do you know Rodger Swenke with SoCal? Kim." watson-k,"Yes, I called Steve Harris from the airport. What is the amount? I was not sure from the numbers below. Please save the detail from my expense account." watson-k,"Steve, This just came in from Gary Sova. FYI, Kim." watson-k,"Yes, 9:00am on Thursday will work fine. Also, just FYI, Transwestern is off on a holiday, Monday, January, 21 for Martin Luther King day. Talk to you Thursday," watson-k,"I'm trying to take next week off. Not sure I can swing Friday yet. I might be able to leave early. I am definitely game for attending. Does it start on Friday and go through Sunday? ILY, K." watson-k,"Mark, Here is the Sun Devil Expansion Open Season Document. Please call me if you have any questions." watson-k,Please read. Can we schedule a conference call time with Gaylen on Monday? Kim. watson-k,Thanks for the reminder. Ask me when we get home. K. watson-k,"FYI, Since I will be out all next week, this is just a reminder email for filling out the questionnaire (in the mail by Oct. 10, please) for my leadership training seminar at the end of the month. Many thanks, Kim." watson-k,"Thanks. BTW, I don't show you as logged into MSN messenger. K." watson-k,"Kirk, How early are you in on Monday? I do have two appointments after 5:00, so Monday evening would be difficult for me, but we may be able to swing the late afternoon. Otherwise, let me know what works for you on Wed or Thurs by phone. Have a safe travel... Kim." watson-k,"Why don't we try after work? Just let me know when you are ready to walk out and I will meet you in the lobby. We can go to your car, drive to mine and then unload. Thank you so much for being the transportation conduit for MANNA. Kim" watson-k,"Kirk, Would you be available on Tuesday morning for breakfast? Otherwise, both Ron and I are available anytime in the morning. If you had only afternoon available, I can meet with you. Let me know what works for you. FYI, I am sending the revised agreement to you today so that you have a chance to review it before we meet." watson-k,"Hi TK, We are still on target for a shipper meeting on Nov. 8 with the Market Services Goup, I would like to have our map updated so that we can hand it out at the meeting. Let's visit about this sometime today or tomorrw. I also want to get the NNG people involved to update their portion as well." watson-k,"Jean, can you help me? My cell phone was stolen from my briefcase sometime this afternoon. I also received this message that the recipient below in not known....I do not know who this person is or what/why is was returned to me, so now I am worried that someone was at my computer doing something before the screensaver came on. Can you help me do some detective work here?" watson-k,"Jo, I just opened up this document. Thought you would like to look it over. FYI." watson-k,FYI. K. watson-k,"J, are you logged in? MSN shows that you are not online. Do you have the Vet's number handy? ILY, K." watson-k,"I have a tentative Spires Board meeting. I should know in the next week or so if that is a firm date. If it is not, then I would love to be at Perry's with you. ILY, K." watson-k,"Yes, I will be there. I will also bring Paul Y'Barbo." watson-k,"Larry, here they are. Also, have your technical analysis handy." watson-k,"Mary, I got your voicemail last week. I am so glad you guys had a great time. John and I leave for Italy at the end of the month for two weeks. I am very ready........Will you be coming to Houston this fall?" watson-k,"Larry, here is draft #2. Again, many thanks! K." watson-k,"James, Would you please send Kevin Howard the email version of the economics for Trans Pecos and copy me. Kevin is working with ArcLight as a potential equity investor for our portion of Trans Pecos. Please let me know if you have additional questions." watson-k,"Bill, To get hard to find tickets, go to the Plaza Hotel (borders Central Park near FAO Schwartz) entering through the front door, proceed ahead around the big lobby/tea area around to the right and find a woman in a closet sized booth (literally a closet). Cast members turn tickets over to her to sell that they are given for their shows. She is completely independent from the hotel and I'm sure she pays huge rent for the tiny space that she has. They are always wonderful seats to and usually run around $100+ for each ticket. It is always a worth-it splurge if it is for a play you want to see. I used to have her card, but it is long gone by now. You might be able to call the Plaza and inquire as to her name and number and call ahead. Otherwise, just stop in as soon as you get in town. Rent is OK, but if this is your first and maybe only trip to NYC for a while, I would certainly recommend seeing other plays first . I agree with John, your best hotel bet is the Marriott Marquis, which is very nice for a Marriott and the location is the best. Don't forget to eat lox and a bagel for breakfast! Keep us posted. Kim." watson-k,"You bet, come to EB1336. K." watson-k,"Paul, Thanks for the update. I'm glad that he is off the activity diet and allowed the wheels both big and small. I'm glad your trip to the big city doc was a pleasant one. Pediatric docs are truly a special breed." watson-k,"Great job, TK! :>) Kim." watson-k,"Jan, Did you see this? FYI, Kim." watson-k,"TK, Are you referring to the Dynegy deal in December being the ""I to I"" deal that we have already hedged? Have you already included the previous ""I to I"" deals that you have done earlier in the year? Outside of these deals, I am not aware of any others." watson-k,"Jack, Do we have another email address for Robert James? My email to him was undeliverable. Do you know if he will be at the meeting tonight?" watson-k,"Audrey, Here is another request for maps, however, I am thinking that I sent this person to you yesterday. If this is repeat request, please disregard. If not, please handle." watson-k,sounds good. K. watson-k,"Teb, Oops, we accidentally left you off this distribution list. Your presence is most desired. We hope you can make it." watson-k,"Steve, Are you available on Wednesday to discuss the Ivanhoe station? We want to describe to you what the situation is and get your advice on what our regulatory options are. I'm available anytime except 9:00-10:00 and 2:00-3:00. Mansoor, how about you?" watson-k,"Dave, here is a draft letter to send to Pemex. Please give me your thoughts or changes and we'll get this out today." watson-k,"John, sorry for the late response, but I think you can implement immediately. I was in a meeting last week and this was discussed (I don't remember if you were there or not) but I'm thinking that you may have already proceeded ahead for implementation which is great, thanks! Kim." watson-k,"Donna, would you please check this distribution list and let me know if you think we might have accidentally omitted someone that should have received an invite? I don't want to leave anyone out that should come." watson-k,"Do you have open conference rooms on your floor? If not, we have a great conference room in 1336 that is just for us. Just let me know." watson-k,"twist....Lee Ferrell just left Enron last week. He now works for Reliant. I still want to invite him, it may take a day or two to track down his new phone number or email. I will keep you posted. ILY, K." watson-k,"Audrey, I added one more bullet from the earlier version I sent you. Please work from this one. Michelle, please fill in the appropriate volume amount for the volume affected on the Gallup compressor outtage. Also, per my voicemail to you, please check with Palu on the highlighted blue bullets to confirm that your two bullets are not already included in the numbers that Jan gave me on her bullet." watson-k,"Opps, I have my gyn appt on Wed at 2:40 and 3:30. Can we meet with him on Tues?" watson-k,"Shelley, Congratulations! TW has a great marketing department and I know that you will enjoy working with everyone. Can we schedule lunch next week? I would love to visit with you and share with you some of the things we have been working on to ensure a smooth transition. I am available on Monday, Wednesday or Friday. Tuesday is possible, I would need to move another appointment." watson-k,"Mark, FYI, per a subsequent email from Bob Guthrie ( tax) he has asked us to include Jim Curry on the due diligence team. I have forwarded this email to Jim Curry. Also, my error, I missed the Reg Affairs group when I gave you the invite list. I have forwarded this email to Teb Lokey and left him a voice mail just incase he doesn't see his email prior to 10:00 am on Monday." watson-k,"We are sending them over this morning. I have already talked to Dave Matney and told him the agreements were coming this morning. They will review and we will plan to meet next Mon or Tues to iron out any remaining items (such as the operatorship) so we can tender to Pemex. Stan is OK with them and has agreed that if we need to conceded the operatorship, we can, but he would like an opener in three years to re-bid the operatorship." watson-k,"Steve, Here is the pricing information on the DTN feed. I recommend that we sign a 3 year agreement so the initial fee of $1,000 will be waived. The minimum DTN fee is $500 monthly (for up to 25 users) plus $60 monthly for the 1st user and $12 monthly for users 2-25. Do you want to see the real-time feeds? It looks like the total monthly fee will be $620 for six users. Please let me know if you have any concerns, otherwise, we will implement ASAP. Also, there will be no additional cost to have this on the 13 floor and move it to our final destination (there used to be a large fee for moving locations). Kim." watson-k,"Steve, Here is the final spreadsheet that does tie back to the right dollar amount of $757,885. Please let me know if you need anything else." watson-k,"Jim, We would like to call you at 1:30 today to discuss the Sid Rich payment for Nov. business. Are you available? We'll call you." watson-k,"Audrey, I am waiting on Mark, Michelle and TK. They are working on them. I'll have them to you ASAP." watson-k,"All, Please take a look at the spreadsheet, call your customers regarding these outstanding amounts and keep Market Services in the loop of your conversations. Please let me know of anything unusual." watson-k,"Audrey, My changes are in color. Also, I will bring over to you a list of others to add. (I could not add rows to this spreadsheet, sorry)." watson-k,"Dear Gaylen and Jodi, I was having technical difficulty in sending this drawing with the I/C agreement. Here it is. Please let us know if you have any questions." watson-k,"Ron, John would like to know what our HP is at these units and what type of units are they? What is the age of the equipment? Is this something we would be willing to share? I told him that our run time on these units was less than 1,000 hours. If we are OK sharing this info, would you either call him or email this to him. If we don't want to share, just let me know and I would be happy to call him and let him know." watson-k,"Lee, Please look this over. This is the Questar I/C agreement for the east leg of the Southern Trails Leg. Let me know if I can send it out." watson-k,"Steve, I know that we are meeting with Mike Stage and group tomorrow at 3:00. I've been trying to talk with Jo and will do so this Wednesday regarding transportation on the KB line to NNG/TW Gray. Kim." watson-k,"Good Morning Kirk, I hope you had a nice weekend. I have been working on the Interconnect Agreement for the Big Sandy Project and I would like to schedule some time for a telephone conference with you as I have a few ""blanks"" in the Interconnect Agreement that I would like to discuss with you so that our draft is as complete as it can be. Would you have some time on Tuesday AM or Wednesday AM? I would also be available on Thursday 2:00-3:00pm. I'm thinking we need about a half an hour. Also, I can update you on the remaining capacity on our Red Rock Expansion which could be used to serve the plant." watson-k,"Audrey, I have a draft of the bullets ready. TK will finish them and forward to you tomorrow morning. She will also coordinate the bullets for next Friday." watson-k,"Steve, FYI, prices this morning are still hanging in the $3.10-3.13 range for Permian Cal 02. We are watching it closely. I'll keep you posted if it starts to rally back up." watson-k,"Great, Thanks! Kim. Shirley, please keep me posted on Krishna's new baby." watson-k,"Lindy, I just saw this. Did you know about this meeting? I hope you were able to attend." watson-k,"Steve, Yes, we are already putting a list together and inviting customers. We are primarily concentrating on the Houston and Dallas customers. We'll get the RSVP list together in the next day or two. Let us know if you have an invite, we do not have all the tickets spoken for at this time. Michelle has organized dinner for us at Farrago (corner of West Gray and Brazos) after the show. They are setting up a large table in the back of the restaurant for us. Kim." watson-k,"I will be there! Sasha, I did not see TK Lohman or Tracey Geaconne on the distribution list. Would you please make sure they get an invite. Also, would you copy Steve Harris on this invitation even though I know he will be out of town on this date. Thanks for your help. Kim." watson-k,"Paul, I need your accomplishments ASAP this morning. Kim." watson-k,"Elizabeth, Please read below. Can you help us put together a summary of the TW Capacity Releases from Nov. 00 to Aug. 01? We are in the process of putting our strategy together on our Neg. Rate hearing. Is it possible to assemble this soon? Please give me a call if you would like to discuss. Many thanks, Kim." watson-k,"The MLP discussions have been on using Northern Border. Regarding KMI, Mark and I met with them before Xmas to see where they were on the rate. They have not presented anything to their management team for approval beyond our original proposal. I believe that Stan is looking for the status of the game plan. We are looking to lay out the game plan on how we would finance the project(if we project finance I think Stan and Danny are looking at securing enough money at the same time to do the Sun Devil, Trans Pecos and PG&E 20 mile line all together), define what the project return requirement is, determine the comfort factor of the project costs, staying in concert with KMI and making the final proposal to Pemex. I will make myself available at your convenience on Monday morning to discuss. Have a great weekend. Kim." watson-k,did you get an updated tariff from Reg Affairs? Let me know if you still need assistance. watson-k,"Audrey, email from home works differently than the office. I hope this attaches this time. Sorry." watson-k,"John, Congratulations on your new responsibilities! Please let us know if there is anything we can do for you. Good Luck! Kim." watson-k,"Jan, would you make 5 copies of the power point slide. I'll print out the word documents." watson-k,"Steve, I will be attending this meeting. You are welcome to join in on the call if you like." watson-k,"Lindy, can you respond to this? Many thanks, Kim." watson-k,"Kimberly, I'm sorry, I was out of the office last week and did not see this email in time. I think it looks fine. I saw the final version in the ebiz today." watson-k,"My Italian Amigos, I have just received a fax from the Marincanto Hotel, Positano. They do have availability for us beginning May 25 for 3 nights. They have at least one standard double room (sea view) for Euro 186 (approximately $165 USD) and one superior double room (also sea view) for Euro 217 ( approximately $192 USD). The only difference between the rooms that I can tell from their fax is that the superior room has a jacuzzi bath. I do not know where in the room the jacuzzi is located. This hotel has a private beach (I think I read somewhere in one of my books that there was a small nominal fee to use the beach) with a private descent (Wahoo!). They also have private parking at the cheap price of Euro 18 per day and only a thousand (uphill each way) steps to it. Is this hotel still OK? I do not know if they have two standard room and two superior rooms or just one of each type available. Please let me know what your preference is. I can clarify in my next fax. If both our preferences are for the same type room and they only have one of each, shall we draw straws or have a pizza eating contest? Also, there was one other hotel in Positano that I looked into before finding Hotel Marincanto for our Sept. trip but they were full. I may look them up tonight and fax them tomorrow just to compare. Please advise." watson-k,"Paul, Thanks for the update. Even though last week there were no translated financial statements for MGI, I'm glad that they have them now and will be sending them to you. Jorge and I are scheduled to talk tomorrow morning to discuss the rate. I will keep you posted." watson-k,I have it at home or I can get it from Oni. I'll look for it this weekend. ILY. K. watson-k,"Lindy, I did not see you on this distribution list. FYI, Kim." watson-k,"Hi Jodi, I'm back in the office now. I tried to open this document, but I do not have word perfect. Can you convert to a Word document and resend for my files? Many thanks," watson-k,"L, Thank you for handling. K." watson-k,"Jo, I actually mentioned this in our TW staff meeting with Steve yesterday about using the OBA's to balance this point for November service if the interconnect was not ready. We could carve out a few minutes after one of the morning meetings to discuss this with Market Services - both TW and NNG representatives to work out the details for their shop. FYI, Michelle is working with Burlington to deliver gas to NNG@Gray on their firm contract as well as discussions with Oneok to deliver gas to TW@Gray." watson-k,"Happy New Year, Gaylen! Would you be available on Monday at 11:00am (CST) to discuss? I am routing the OBA to the key departments for comments. I should have the language for the IT agreement finalized late today or Monday morning. I hope to send it to you and we can discuss in our phone call. Let me know if this works for you." watson-k,"Although we expect to receive specific feedback on our July 6, 2001 proposal to Pemex for the TransPecos Pipeline very soon, we sent the attached letter today to Pemex (with a copy to Kinder Morgan) that will withdraw our proposal on October 1, 2001 if the LOI has not been executed. Kinder Morgan has agreed with the sending of this letter. Pemex has been aware of the contents of this letter since Monday, September 17. We will keep you posted of our detailed discussions with Pemex as they proceed." watson-k,"Tiny, Thanks for the note. I'll let TK and Mark know that you got the money for the four wheeler. Along with many, we will miss Rich a lot." watson-k,"Steve, James ran numbers. $.22 for 10 yr. for 43,300/d is a DCF of 16.57% with no resubscriptions. This looks better than any of the 5 year cases on either a 120/d case or 150/d case. Thoughts? We have not approached Duke with a 10 yr term yet." watson-k,"J, does the $20,000 include the cost of the video? K." watson-k,"Well, here is the written confirmation for the cancellation of the Positano Hotel. Please keep for your files." watson-k,"Miranda, Will it be possible to reschedule my time for this training? I just learned that I will be out of town on Wednesday. Do you have any time next week available? I am sorry for any inconvenience this may cause." watson-k,"Paul, I'm am sorry that I will not be able to meet you for lunch today. I have been on the road travelling for the past two weeks and have over 250 emails to catch up on. I do look forward to catching up with you guys on Sunday. Good luck at the dentist." watson-k,I've got it! Kim. watson-k,"Robbin, Please forgive me for not sending this in by Aug. 15. I've been caught up in several heavy projects and forgot to put it all together. I have all my info in a big envelope and I will get it sorted in an organized fashion and get it to you in the next few days. If this is a problem, please let me know. I would be happy to discuss this with you. Again, I apologize for the delay. Many thanks, Kim." watson-k,"Jean, This does not look cool. Who should I report this to? How did these people get my email address?" watson-k,"Kevin, Per your request, here is some basic information on Trans Pecos. Please let us know if you need additional information or prefer it in a different format." watson-k,"Richard, These summaries are great! Our desk is starting to get more of a commercial focus on these imbalances. May I ask you to put a date on the actual spreadsheet? As I keep them from week to week, I find that I can't always tell which one is the most current summary. Many thanks and see you in the next Tues. meeting, Kim." watson-k,"Palu, Are we getting a portion of the 49C2 conference video? We are getting something from one of the video rooms. any ideas?" watson-k,How was this meeting? Any additional capacity identified? watson-k,"9:00 works best for me. I can swirl other stuff for 10:00, I would not be able to do 11:00." watson-k,"FYI, an update from the CEC on the infrastructure issues. Kim." watson-k,"I plan to take Friday off, too. Can we meet on Thursday to discuss?" watson-k,"Hi Bill, Have you had a chance to review the OBA that Questar sent us? If you have time later today, we could get together and discuss." watson-k,"J, you are too funny! I am always entertained by the wonderful way in which you express yourself in these emails. You make me laugh. ILY, HA! K." watson-k,"Lindy, would you please look this over. I did not see your name on the distribution list." watson-k,Did I follow up with you verbally on this? K. watson-k,"Richard, I will be out of the office on vacation beginning Wed, Feb 13 and returning Monday, February 25. Please include all the TW dealmakers on any updates that you may have on invoices." watson-k,"Dan, Thank you for the great card. I hope all is well with you. What are you doing now? Are you still commuting to California? Are you working for someone in Houston? ENE is up today to $0.63. Gosh, it still feels like we've got the decimal point in the wrong place with our stock. Just heartbreaking. Oh well, I'm glad 2002 is here. This will be a better year for all! Keep in touch! Happy New Year to you and your family! Kim." watson-k,"Dot, I'm so glad you know what the problem is. My brother had a similar micro-surgery last year. He went home on the same day and was only off work for a couple of days. Will you be able to start a rehab program/routine after surgery? Is your doctor comfortable with you traveling to Italy this fall or will it be a wait and see situation to see how you are doing post surgery? Keep me posted." watson-k,"Michelle, Will you be able to attend this call for our team? I am in training tomorrow until noon." watson-k,"Craig, I'm sorry, I didn't redline this...Please take a look, call me so we can discuss then we can send it back to Tony P. for another review. Many thanks, Kim. PS. We don't want to tender this until they send in a request. I'm working on that now." watson-k,"Jeff, I am looking for the person who paid for my wine last Friday evening. Lorraine says it was not her, so I'm suspecting that it was you. Needless to say, I left without paying and what is worse, I didn't even think of it until I got home that night after dinner with John. Where you the kind and unknowing one that floated my loan? Also, I've been thinking about Paris and London. Would a week night or weekend night be better for you/Lisa and John/I to get together for a brain, map and book transfer session. If you have a date that works for you guys over the next few weeks, throw it out and we'll get something on the calendar." watson-k,"Steve, FYI, I am still interviewing candidates. Fran is actually trying to set up about 7 interviews for me. I will keep you posted." watson-k,"Lindy, Since the tolerance range is currently on the whole contract on a monthly basis, can we force the daily balancing issue? Or at least pull the monthly tolerance level down to 1-2%? Thanks for the note. Kim." watson-k,"TK, since you, Steve and I are traveling tomorrow, could you work with Lynn to schedule this meeting for Wednesday. You, for sure, need to be there." watson-k,"I think when I logged in today, I had 34 new messages! I'm on my way to Omaha this afternoon.....Let's have lunch in the next few weeks! Kim." watson-k,"Sasha, Great, sorry, I didn't see the scroll bar. Thanks! If you would just coordinate an assortment of pizza's, that would be great. I believe Morgan may have a couple of people in his group who are vegetarians, so we should keep this in mind when making some of the selections. I would order plenty for our hearty crowd, someone could always take the leftovers home and eat it for breakfast the next morning! Also, will the Mad Potter provide the wine, beer and soft drinks? Is there anything else that you can think of?" watson-k,"Hi Debbie, Can you tell me who you have talked to? Michelle is the Oneok rep and is out of town until Monday. I will ask Michelle to assist you in this collection. Michelle, would you please coordinate with Deb and see if you can find the right person a Oneok for us to talk to regarding the AR issue." watson-k,3:00 works best for me. K. watson-k,"J, Do you think that if P & J and the kids went to Guam they would consider leaving Jo Lynn with the kids and come on to Hong Kong and join up with us? FYI, I still have small reservations about travelling abroad still close to our international situation. Perhaps fear of the unknown. Sitting on the fence. Undecided. K." watson-k,"Toby, Please post these ROFR's on the EBB. Please call if you have any questions." watson-k,"Mansoor, Here is a note from Gaylen at Questar. We would like to have this interconnect in place by May 1. The Interconnect Agreement is anticipated to be executed this week. I will let you know when it is officially signed. If it would help us meet our May 1 timeframe, please remember that Questar is more than willing to help order equipment (to our specifications) if our vendors cannot respond as quickly as we would like . Please let me know if you need additional information." watson-k,"Katy, Thanks for the list, however, I do not have word perferct and cannot open the document. Can you convert it to a Word document and re-send? Sorry for the trouble." watson-k,I work for Transwestern Pipeline at Enron and I would like to have an ID and password to use Clicktrip. Please advise. watson-k,"Jodi, Here is a list of items we would like to see in the data room. Please give us a call so we can discuss. Thanks for all of your help," watson-k,"Kevin, Who in legal have you been working with? Tracy was wondering when we thought we would receive the money." watson-k,"Martha, What is this? I thought Bobby was permanent many months ago? What did I miss? K." watson-k,"David, Per your request, the two people listed below are the senior management team of ENA that you could call to discuss your situation: Louise Kitchen, COO (713) 853-3488 John Lavorato, President and CEO (713) 853-7991 Have a good day. Kim." watson-k,"Dan, I do not understand what this message means. Please advise. Kim." watson-k,No problem! Have a great day! Kim. watson-k,"Gaylen and Jodi, Here is the schematic for the Blanco Hub, it has not been updated for your new interconnect yet. Gaylen, I got your voice mail on amending the payment schedule if you guys are purchasing most of the equipment and I am OK with amending it to reflect the change in spending. I've got a draft that I will update for the spending. I'll send it to you soon. By the way, do you guys have a list of the customers that will be attending your customer meeting next week? I am scheduled for the second session." watson-k,Hi Phyllis! I am so excited to get to see you this weekend! I sure hope all is well with you. It looks like you and I have been assigned the dinner for Saturday evening. I am open to ideas for recipes! Let me know when would be a good time to visit on our assignment. I will make time for you anytime. watson-k,"James, My name is Kim Watson and I'm thinking that I received this message in error. Please advise." watson-k,Thank you! Kim. watson-k,"Lee, Here is the Agave I/C agreement. I made a few changes. Please review: Para 1: Agave....a New Mexico corporation... Article 2.1: term of ...five (5) years Article 3.3: New paragraph. Please wordsmith as necessary. Also, notice the weird indentation on 3.1 and 3.2. Can you help this? Article 8.5: filled in detail on Agave contacts as per their request. Let me know." watson-k,Danny is sick at home but has OK letter. Eric wants an offer 10-15MM to insure entry to data room. I'm OK with 10-12. Kim. watson-k,"Theresa, I've been out of town the last couple of days, can we get together later today to discuss this? Would you be available for lunch or right after lunch?" watson-k,"Michelle, Do I need to fill out a deal sheet for this? Please advise." watson-k,"Yes, thanks. I was aware. I just couldn't remember if it was you or Terry." watson-k,"Hey guys (or actually for our current group, girls), Let's plan on getting together on Wednesday, Aug. 1 from 2:00 to 3:30 in EB4180. The following is a list of things that we need to discuss and they are in no particular order of priority. To the extent that each of you could volunteer to come with some or all of the information on the following items, it will expedite our discussion (just let me know that you would like to begin pulling this information) : Price Spreads for ROFR contracts to articulate our resubscription strategy. Imbalances on OBA's Analysis of I to I spreads. - Review past fixed rate transport deals and compare to the historical spreads. Would we have made more money? Is it reasonable to carve out a percentage of our capacity portfolio and always sell on an I to I rate? Update Map - coordinate with Darrell, Facility Planning and NNG. West Texas Leg - discussion on our preparation for the Facility Planning/Marketing Strategy Meeting. Arizona Strategy - including Sun Devil. Pooling. Analysis of our business sold and utilized. FT, Alt. Points, IT and contracts sold for specifically for flexible delivery points. (On this item, we can discuss the type of analysis we would like to look at in our staff meeting prior to pulling any information) Weekend on call schedule - update Phones Update - replacement for Jeff's position. Frequency of our staff meeting. Industry Conferences Vacation Schedules Also, please let me know of additional items that you would like to have discussed in our staff meeting. I would be happy to include them." watson-k,10 yr. deal not looking good. I have a call into Russ about taking some of the resubscrip space that starts 6/03. watson-k,"Jodi and Gaylen, Please see the list below. Would you please look at what timeframe you could get the equipment listed below. Our preliminary investigation suggests that we may not be able to obtain the equipment quick enough to meet a May in-service date. If your engineering department has any questions about this list, please feel free to have them call Earl Chanley at the number below. And, of course, if you have any questions of me, please feel free to call me at (713) 853-3098." watson-k,"Audrey, can you open these documents? Kim." watson-k,"Kevin, Thanks for keeping up with this. Kim" watson-k,"Jodi, Here is the language for the IT agreement. We will need for you to send in a formal request form for IT service so that we tender this officially. We can chat about this in the morning." watson-k,"Please send me your bullets ASAP this morning. If you have no bullets to report, please reply to me that you have none." watson-k,"I will send the fact sheet now. However, I am happy to create whatever you need to help get this money. I'll send it under separate cover." watson-k,"Steve, I just wanted to let you know that I have been playing telephone tag with a couple of the Questar folks. For the most part, they were out of the office several days during the last two weeks (of course I was out of pocket a couple days, too) . I've left another message with Gary Schmitt, who apparently is out of town yesterday and today, but I did hear from Mary Kay Olson, who was also in our office when Gary came in several weeks ago. Mary Kay is tracking down the status of the Western Leg information that Kevin requested. I also let her know that we are interested in the Eastern Leg as well. She will begin pulling that information together, too. I expect to hear from her either later today or tomorrow with a status and timing of the data. She will also connect up with Gary when she sees him. I will keep you posted as I hear more information. Also, Jodi Starley (who is also in the Questar Marketing department), is looking for me to begin the Interconnect Agreement for the San Juan Hub connect with Southern Trails . Do you have a problem if I begin the paperwork, however, I have several other Interconnect Agreements that are higher priority at this time and it may take a while to get to this one? I recognize that this is a delicate balance." watson-k,Sounds good. K. watson-k,"Vince, I would like to visit with you about this training. Also, I noticed that you had some of the folks in our shop on the invite list, but not all of them? Are you available on Monday by phone to visit with me about this training? I would be available at 2:00pm for half an hour. Let me know if this works for you." watson-k,"I believe that John and I will have to pass on this one. John (and I must admit that I, too) cannot afford to partake in any kind of all you can eat anything. Our buttons are popping now..... Have fun on this one. Eat a tail or two for me." watson-k,"Steve, FYI, on Larry's NYMEX update. Kim." watson-k,"Kirk, Well, I am sorry that the project was denied a permit yesterday. I know that you (and many others) have worked very hard on this project. Transwestern is still very interested in having Big Sandy connect to our pipe. I will stay in touch with you over the next few months, but please don't hesitate to call me if there is anything we can do to help you. Thanks for keeping me posted, Kim." white-s,"No formal agenda has been planned for our staff meeting today. Instead, I would like for each of you to think of a question(s) or problem(s) that you have encountered while in the group. These questions/problems can be something that you already know the answer to or have yet to receive the answer. For those areas that you already know the answer, this would be a good time to share what you have been working on with the rest of the group and maybe stop everyone else from running into the same question/problem. For those areas that you do not the answer, we will do our best to get that answered. In addition, if there is any additional detail that you would like to know regarding topics covered in the Risk Overview class, this would be a good time to ask since the class is fresh on your minds." white-s,"Are the numbers in Canadian $'s? If so, can you send me conversions." white-s,"Keith, Here are the procedures for the East. The West is not currently running option sensitivities. Approximately every one to two weeks or as requested by the options traders an option sensitivity report is run using PortCalc. Three parameters are tested: Price (increments from -5 to +5), monthly Volatility (increments from -25% to +25%), and Time (increments up to 90 days. (Reminder: the increments are changeable) The data is imported from PortCalc into an Excel pivot table. The pivot table is then used to show how the various Greeks (delta, gamma, theta and Vega) change for each trader's book, generally with a 3 month look ahead. The data can also be sorted by and grouped by other criteria, if requested, such as by region and delivery date These reports are given to the East option traders only." white-s,"Tom, Hope this helps. 1) Only the power positions need to be queried. Gas positions for spread options and heat rates are included in the gas bench. 2) Any power Exchange transactions should be included, but the gas transactions calculated in ERMT should not be included as they are on the gas bench." white-s,I had received this from Chris Abel. Maybe it will be beneficial. white-s,"Tanya, Kim mentioned to me that legal wanted by delivery point and financial/physical broken out, so here is an update. Numbers are still as of 10/18/2001." white-s,This is the latest list I have received. I will forward you any updates. white-s,"The following post-id's represent the re-calcs for 11-30: 15785 - total P&L $48,108,223 15786 - total P&L $(128,887,942) 15788 - total P&L $1,168,735,362 15789 - total P&L $(101,541,449) The total forward P&L for these post-id's should be $986,414,195 The following spreadsheets represents the final product from our request. Please see if you can pull by the parameters we chose from AdHoc." white-s,"I am not sure why these did not show up yesterday, maybe my query was incorrect. However, the following spreadsheet contains terminated counterparties that still show up in the West portfolio. Let me know that you have or have not corrected it." white-s,I certainly do not anticipate that we will. I hope the Estate people are designating someone for this. I am going to look into it. white-s,This is information on the testing you will be performing this afternoon. Stacey -----Original white-s,"There were some conversations regarding getting the Index Option into RisktRAC. It may be that they are not there yet. Zhiyun was working with the RAC IT, she would know the latest." white-s,"kimsach@hotmail Here you go. There is a chance I may have to go to a UBS dinner tonight, but it might get changed to tomorrow. If it does get changed, I will be there tonight." white-s,"Elsie, I put the 11/30 strip back in the deal. The ""884449 in bankruptcy"" does refer to another deal that we created due to Aquila terminating transactions with us. The reason you cannot see it is because you probably do not have access to the new portfolio." white-s,"Please start the following task in the morning: Using the Official 11-30 calcs that you exported deal summaries from, add the following counterparty's MTM by desk: Constellation Energy Authority Sempra Energy Trading Public Service of Colorado I believe the calc that identified our top-levels had extra transactions or values that did not fall out of our books. Once you have figured out the total for the above counterparties compare them to your top-levels." white-s,Just wondered if anyone has noticed any change in EnPower performance? See e-mail below. white-s,Where did she get this information? Is it a below the line adjustment (not in the DPR)? white-s,We have been officializing every day and the information is obviously as good as the curves. Every other Friday is just as good as any other day. white-s,"When you get around to setting up these fields for the West, please use the portfolio code 'W' for West and then use the same methodology for Book Code that Andrea did. I'll let you know the answer she gets from Andrew re: 'US Power East' because you should be using 'US Power West'." white-s,"Frank, Please ensure that Israel Estrada receives his previous access for IT purposes. He was mistakenly removed on Friday." white-s,"Those are funny. Work is hectic, can't write much, but hope to find a time that you can come visit." white-s,"Casey, Can you please auto-schedule the following deals for December. Please let Leslie and I know when you are complete. Stacey Deal # 114998 578961 578964" white-s,"I am still tracking down the Green Mountain documentation, but here is the documentation for LCRA. I'll forward the rest when I get it." white-s,Can you send me (or tell me where to access) the matrix put together which defines the legal entity for each desk. Debbie Brackett informed me that the entities are not necessarily the 'legal' entity but something else and I need to help get to the bottom of this. white-s,Can everyone please check the following files for the below requirements. Fill out anything you may know and cc: me on the response so I can figure out which ones are unaccounted for. white-s,"Leslie, Here is the most updated list of pre-bankruptcy payouts. Do you think Evelyn, Bryce, etc. could put together numbers for outstanding payable/receivable?" white-s,"I was incorrect about Alberta ENA, it should be zero but where is Alberta? It should have a big position." white-s,"When: Monday, December 17, 2001 2:30 PM-3:30 PM (GMT-06:00) Central Time (US & Canada). Where: My desk" white-s,"I will attend. Also, is there someone who objects to sending invitations through the calendar tool? It is a much more efficient method of getting meetings on the calendar." white-s,"FYI - the only other temporary information I can give you is Thursday Feb 7. is simulation date (as per previous e-mail) and Monday, Feb. 11 is the current 'go live' date. I'll try to keep you up to date with any changes. If there is ANYTHING we think we have not done or will not complete by next Wednesday, Feb. 5 such as desk set ups, RisktRAC set up (including hierarchies), individual roll set ups, testing of Min's new DPR Automation, and anything else I may not be thinking of, please let me know as soon as possible, so we can get the right resources working on it." white-s,It looks good for me. There are a couple of applications I do not have access to. Let me know what method you would like me to take in requesting access. white-s,"R8 Yes, I can get BPA volumes. What is it for?" white-s,"Christina, This is just a reminder that I will be out of the office on Monday. If they need me to answer any questions here are the phone numbers: 281-894-0468 (home) 281-382-5215 (cell)" white-s,What is the exact name for Georgia Pacific? We do not see any transactions with them in the system. white-s,Looks good - you mention month-end deadlines. You also might want to mention the work that goes on during month-end close and how that could potentially affect trading P&L. white-s,"Due to problems with the gas curves there will be incorrect credit information for TXU, Calpine and Indeck Pepperel Power Assoc. out of EnPower (these counterparties have spread options and/or heat rate swaps that utilize the gas curves.) If you need these transaction re-calced in the morning please contact Andrea Dahlke and X 5-4080." white-s,"In order to point to the UBS environment in EnPower you need to change your PortCalc Host to the following. This screen is reached through Tools - Option Environment. Also, copy the PortCalc Host into your FTP Host: Let me know if you have any questions. Stacey , published as of 10/02/2001 is now available for viewing on the website. (Revision:" white-s,"The blending vs. non-blending can be confusing and could potentially cause problems down the road so I would first like to make some general statements regarding the history or this change and what the rules should be as I understand them. Only the curves applicable to the East NERC regions are being marked as a daily and monthly volatility; therefore, no blending is needed for daily options (they point directly to the daily vols) or monthly options (they point directly to the monthly vol). All curves applicable to the West NERC regions are still being marked as intramonth and monthly; therefore, blending is needed to provide a volatility for daily options. The best rules to be in place for the blending vs. non-blending would be based on curve. East curves do not blend. West curves do blend. Therefore, ANY daily or monthly option in the East would not have to blend. The potential problem that could be caused by making the rule apply to portfolios is that, for example, the East portfolio could potentially enter into an option at a West region (curve) and that transaction would need to use blended curves even though it is in the East portfolio. Options at a different expiry than daily or monthly is another problem. Are there different blending rules embedded in the code for weekly expiration? We still need to discuss this. I would be happy to all sit down and have a meeting concerning this issue whenever everyone is comfortable enough that we know all the current rules. Let me know." white-s,"Here is the latest results from our valuation engine. Please let me know if you see any mistakes. We will update with your newest changes tomorrow, so you can exclude those from your evaluation. I also noticed that their is a financial UI transaction. I believe this was just an oversite and have asked Casey to look into it." white-s,"The report named: VaR and Off-Peak Position Report By Trader , published as of 10/02/2001 is now available for viewing on the website. (Revision:" white-s,"Yes, she is actually down here right now and I am showing it to her. Send me your names and I'll print them in color for her." white-s,"He was not offered a job in UBS. He was told last Friday, by me, that he would remain in the Estate, so his resignation is from the Estate." white-s,"To be totally consistent from the beginning, can you rename either your long term Long Names to not include spaces between 'North' and 'West' and 'South' and 'West'. The short term books do not have spaces." white-s,Please find attached the Integration Plan for Power Risk Management. If you need this information consolidated or expanded just let me know. white-s,Hopefully you will be able to make it to this. Sorry for the inconvenience. -----Original white-s,"How much money are we talking? Re: AA, they will need explanation as to the amount. Georgeanne is typically involved in all Schedule C discussion with them." white-s,Yes - I travel to Portland on a regular basis and access the network from the hotel. I also I am a member of the 'Emergency Weather Plan' team meaning that I have to simulate my computer at work from home in case my group (Power Risk Management) cannot get to the building. Stacey white-s,Can you update the original file you sent with Bryce's changes below. I am afraid I do not understand exactly what I should change on Sequent. white-s,The option query that we ran this morning does not tie back to AdHoc. I first realized it when I was trying to clean up deals that had many strips. There were instances where the P&L and delta were not consistent for every strip so I looked in AdHoc to see which number was right and that is when I started noticing inconsistencies. Could you please query the P&L and Delta for the following deal numbers in spreadsheet. The only way I have to do this is to query each deal separately in AdHoc. Your help would be greatly appreciated. Stacey Phone numbers where I can be reached: Home - 281-894-0468 Work - 713-853-1870 white-s,"Dave, Can you please approve or reject Samantha's request. If you are not comfortable approving it, then reject it so she can resubmit. When I went into the system today, it said it had already been assigned to you." white-s,"When: Thursday, January 10, 2002 4:30 PM-5:00 PM (GMT-06:00) Central Time (US & Canada). Where: ECS05102" white-s,This is possible. Probably won't be until tomorrow. white-s,"Can you get with Doug and show him what documentation we do have for Green Mountain? Also, have you requested from Anita Luong the documentation we sent them for Green Mountain's Schedule C." white-s,I totally agree!! white-s,I have already updated the Physical and Financial Terminated spreadsheets with these updates. Please have your groups start the split/clean-up scheduling process for the new counterparties. white-s,got it! Hope everything is going well. white-s,"Please update me on the answer to the following e-mail. I am almost certain I know the answer, but would like to make sure we are all on the same page." white-s,I understand all the following except the Index-Option. Why would it be treated as a Spread-Option? white-s,"Maria, What information are you trying to obtain through m:\common\power? Sorry for all the questions, but everyone requesting this directory gets them as this directory contains extremely sensitive information." white-s,Can you go to this meeting in the morning? I have two others at this same time. We can go over what they will be looking for before the meeting. Stacey -----Original white-s,"Martin, I have both a toll tag and a parking transponder. My toll tag # is 00136756. Please let me know what else I need to do." white-s,Sounds good to me. The only days I don't want to meet are the 4th and 5th. white-s,Lavorato is asking why Jeff Richter still has $25MM of reserve associated to him since he has moved to EES? How would you like me to handle this question? white-s,"Please make sure you cc: me on all requests that you send out to credit, VaR, etc for the banks. If you are not sending something via e-mail and you are just giving information over the phone. Please send me the information as well." white-s,He would definitely be going to clean-up if we start the new company. If we do not start the new company he would be the first person laid off. What kind of contract is he under? white-s,Just wanted you to be aware of our concerns regarding Min Zheng. He is our Excel support and is called upon on a daily basis for help. white-s,"Yes, you will do normal calculation tonight. In addition, either today or tomorrow, please also calculate the Bankruptcy Portfolio. Export data from both West and Bankruptcy Portfolio by Counterparty and Physical/Financial. Compare the data to the Termination Lists. All counterparties on the termination list should be included in Bankruptcy Portfolio and all other counterparties should be in the West portfolio. If you notice discrepencies, please investigate and correct. Also, Will is still changing some deals that Casey sent him an e-mail on. Do you know if this affected the West? If so, you will need to wait until he is complete." white-s,"Go ahead and include counterparties on our power list even if they do not have any outstanding trades. That way, if anyone is comparing our lists later on their will be no discrepancy and they won't have to ask us again. Thanks for all the other information." white-s,"Jeremy, We will need no additional curves. Only those designated by the gas group will need to be moved. Thanks for the heads-up." white-s,I updated the Physical Power Terminated spreadsheet with the following update. FYI - it is NSTAR! white-s,"Please forward to the following: Nick Hiemstra Ed Baughman Naveed Ahmed The request is for the East and West portfolios (non-terminated). Don't forget to include Capacity and show separately in queries. By Portfolio, by Counterparty, by Category Code - P&L and delta by month. Also send a P&L update to Elizabeth Sager and Don Miller. The original files are 'East by Counterparty' and 'West by Counterparty'." white-s,Have them go through accounting. This is non-trading expenses. Not our area unless it runs through the DPR. white-s,Thank you regarding Min. He does an extreme amount of work for us and I believe going forward we will need more rather than less of Excel type reports. white-s,"Shifali, I was given your name by Kathy Reeves as a candidate who might know something about a book named C2-CAND-EGSC. See attached file below for instructions on what information is needed for the book." white-s,"Yes, thank you. How much do I owe you?" white-s,"Whenever we asked to give terminated information for the Estate we should include the 'Alberta ENA Bankruptcy' portfolio. The transactions in this portfolio are transactions entered into by Canada using a ENA contract that has now been terminated. If you have specific questions, please contact Kathy Reeves." white-s,"I am sorry to be difficult and you can definitely have a meeting without me and fill me in later, but the all-employee meeting is today and I have been asked to be there by Bob. In addition, I have a work lunch headed by Sally to discuss the all-employee meeting. Sorry again," white-s,I cannot view this request in eRequest. Please approve on my behalf or remedy the problem of seeing the request and I will approve myself. white-s,"I spoke to Tim today regarding the prepayment transactions with terminated counterparties. He constructed this e-mail in response. Hope this clarifies. Have a Merry Christmas," white-s,We are in town so count us in. I am TOTALLY planning on getting loaded (on munchies). white-s,"We have many deals in the system with UI, but they are all part of one contract. To my knowledge, this is the only big contract we have with them. Just wanted to let you know because going through all the deals would be time consuming and they basically are one huge deal." white-s,Can you all verify that you do or do not use the applications listed below as soon as possible. We are in the process of moving or discarding applications to move to the NETCO environment and are unaware of who uses the following applications. white-s,"Vlad, Here is the latest book list based on book requests. The one item I know has not been requested is Andy Zipper as the LT-Option trader. When we request this and it is complete, we will send you an update." white-s,I know of nothing in stage that I use. I would like to make sure Casey and John both agree with me. white-s,"John - Not even the Dec #'s are done yet? I believe they are planning on mass drafting Monday, so whatever is in the system at this time will go to Unify. We might as well match Unify even if it is wrong, I guess. Leslie - thoughts?" white-s,"I can meet Tuesday anywhere from 9:00 to 3:00 (the meeting would have to end at 3:00 because I have a Dr's appt.). Wednesday, I am totally open." white-s,"Tim, I typically do not like to give access to m:\common\power\ directory as this is where all the DPR information is. A member of your fundamentals team, Maria Van Houton, would like access to the drive in order to access curve data that the risk group puts together. If this is o.k. with you I will approve, otherwise I will tell her to get the information from the curve directory m:\power2\region." white-s,"I was not sure if you wanted exposure by asset, liability or absolute value so I provided the top 25 assets and top 25 liabilities. Hope this helps." white-s,"Thank you so much for this query. At this time, I am not sure what happened to the numbers in our spreadsheet. The data was pulled from AdHoc by calculating East, West, Eastbank, & Westbank. However, the total we retrieved from AdHoc did not match the total Portcalc value. I do not want you to spend time trying to figure out what happened to our spreadsheet because it could have been anything from using the wrong code to calc the books to simple user error. There are too many variables that are unknown. The good thing is, it works now." white-s,"Dana, Here are the values of the annuities in the book as of 12/18/2001. These annuities represent amounts UI paid to Enron for the specified PPA's taken on during the transaction. Stacey Deal # Description Amount 277987 Bridgeport/RESCO from UI $132,435,059 277854 Derby Hydro pmt from UI $ 432,504 277816 Shelton Landfill pmt from UI $ 1,271,462 The following list represents other values associated with Resco, Derby and Shelton. Deal # Description Amount 277987 Resco Deal $(139,333,170) 257449.2 Receipt of capacity Resco $ 3,889,708 255034 Longs - Derby Hydro $ (29,107) 257449.4 Receipt of capacity Shelton $ 49,488 I have also attached a file with UI current deal numbers and comments attached to those deals, thought it might help." white-s,"Here is the file I started. I know there is plenty of missing data because I did not know all the commodities involved with each counterparty. If you could fill in what you know, that would be a big head start on this heinous project. I will be out of the office tomorrow. My cell phone works again so I will be available. Have a great weekend." white-s,"Did y'all export, etc.?" white-s,Can you please work on attaching the portcalc code to the Bankruptcy Portfolios first thing Monday morning. Please reply to this e-mail when it is complete so we can begin testing the transactions we moved. white-s,"Will, If you could attempt the following report I would greatly appreciate it. I have given a best efforts try in report writer, but because I am pulling MTM value it is pulling every strip. I need all options by flowing from today forward for the East and West portfolios. I need deal date, start date, end date, premium, strike price, Monthly/Daily Option indicator, MTM value from AdHoc, Buy/Sell, Counterparty, Enron Entity, Call/Put, Deal Type, Region. Thanks so much, Stacey Call me tomorrow when I can start working - 281-894-0468." white-s,"I have Norman running a calc on the Sempra transactions. He was able to set up a special calc to calc the killed deals. When he is able to give you the values, will you call Dave Forster @ 3-1861 and let him know the values. I will be in meetings from 1:30 - 4:30." white-s,Your gas books still have Bob Badeer and Matt Motley attached to them. You need to send in a change for these books. white-s,"Sounds like a great idea to do follow-up reviews. I have budgeted $2000 a month for travel and lodging on the West RC. I would prefer you keep it to every six weeks in order to cover me coming up there and others coming down for training. I think it would be beneficial for you to be able to meet with groups in Houston. I also only budgeted for $100/month for Overtime/Working Meals so we may have to subsidize that with the traveling budget. I have not heard anything lately on the video conferencing. If you don't mind, ask Tim if he has made any decisions on the video conferencing." white-s,"I ran deal data for the counterparties we received termination notification on today. I did not want to start moving deals while you were running calcs, so we can just do this tomorrow. The deals are on the 'East New as of 12-19' and the 'West New as of 12-19' tabs. Stacey P.S. Don't forget about Will's new application in stage." white-s,"Christina, Please add the following items to our issues list. I have talked to Leslie about these and she will be able to talk through them on Monday. 1. Determine whether or not we need to establish POA's for cash accounts. This is a Day 1 issue. Please insert after the 'Set up new cash accounts and lock box'. 2. Determine whether or not financial commodity trading, other than power and gas, will be allowed in order to ensure that all adequate curves, indexes, etc and being established in the rate system. This is a Day 1 issue. 3. Need to set up meeting to discuss approval processes for new curves, books, settlement indexes after Day 1. Suggested groups to be involved: Market Risk, Credit Risk, Finance and Control, Operations. 4. Discussion around the use of Enron's 'New Counterparty' methodology. This is a Day 1 issue." white-s,"I have not recompared the Master Log to the 'Physical Terminated' spreadsheet. This is just an update of my initial review. Any comments would be appreciated. I have also not included the Auto Terminations that we found out about today. After tomorrow's updates, I will do these. We are planning on moving the auto-terminations identified by David and confirmed by Kimberly to the bankruptcy book tomorrow. If anyone has a problem with the counterparties identified, please let me know as soon as possible" white-s,Have you told Kathy about this transfer? Should it be a bankruptcy book? white-s,Who was your surgeon for lasik surgery? Would you recommend? I am planning on getting surgery next year and have to make my benefit elections to cover. white-s,"I have to run, but call me tomorrow. I have an idea of what your difference might be caused from." white-s,"Here you go. It is totally liquidated, so no one will have to worry about it anymore!!!" white-s,"When: Friday, October 19, 2001 10:00 AM-11:00 AM (GMT-06:00) Central Time (US & Canada). Where: EB3143B *~*~*~*~*~*~*~*~*~* Please invite anyone I may have missed." white-s,"This looks good. I originally had a headcount of 11. If you added one to my headcount, then I agree." white-s,"I don't really like what they are suggesting either. We'll talk Monday. Besides, they(we) would have to get AA to sign off on half MTM half something else." white-s,"Any calc will do. When testing, please do not write over AdHoc, I need to pull some information from there." white-s,"I have put this file together for our investigation. Have to run to a meeting, can discuss later." white-s,Wasn't sure if you had seen this website. Hope your searches are going well. white-s,Thought you were moving this meeting to 3:00. Jeff and I have a meeting with UBS from 1:00-2:30. white-s,"Tim, John's communication regarding not updating December was in order to complete December liquidations for accounting and settlements last week. However, we were then informed that settlements would not draft their billing until the 14th of January so we then retracted our 'hold' on updating December schedule. Any updates that can be made in order for settlements to get the most accurate data would be most appreciated. In addition, the cash flow forecast (as indicated by Don) will be coordinated through Kristin. I do not believe you will have to do any work for this as all the data will come from our risk calculations and true settlement information." white-s,One more forward of terminated counterparties. Won't promise this will be the last. white-s,"No, I just noticed that we hadn't had a staff meeting in a while and next week is month end and the next week I will not be here. Casey is out on Friday and have back to back meetings tomorrow. Make your commitment to DHA and we'll update you on the staff meeting." white-s,Have you turned in my expense report? Do you need my Amex bill? white-s,Which ancillary curves are you referring to? Dana and Doug mark the Northeast and Ercot ancillaries and we do not have ancillaries for every curve. white-s,Thank you so much for the invite. Just found this week I have to go to London for work and will be leaving on Nov. 2. Have a wonderful time!! white-s,"The LT-Option book should have a prior day of +226,703.43. Please include this in the spreadsheet I sent out yesterday. It is a Constellation deal that was not killed.'" white-s,Why do you keep canceling this very important meeting? Stacey -----Original white-s,"Debbie, The bankruptcy post ids for 12-18 are 15296 and 15297. The data should be available first thing in the morning. Norman is running the calcs for me because I was receiving error messages. Stacey Norman, If the post ids change or the data is not available by morning please reply to all to let us know the status." white-s,We'll take care of it. Welcome back! white-s,"Frank, Here is the file. I am planning on continuing to look for the $18 MM that is created when you add dailies and compare to YTD. (Cell M245). You can delete these information if you want. Remove December from the reconciliation because I only gave them data through 11/30 and Curve Shift data for December is completely useless." white-s,"Please review and let me know if I have misrepresented any counterparties. If you want me to add comments, send them to me and I will incorporate. Stacey David, Just to make sure you know, the Power Physical Terminated Transactions spreadsheet, is put together by Melissa from information she has received from Master Log and other. This is our primary source for moving transactions into the bankruptcy book as she review to ensure that the contracts terminated cover all our trades." white-s,This is coming from Kathy Reeves. Give her a call. white-s,"Hope this helps a little bit re: RisktRAC. After talking to Jeff, I believe the key to book codes is ensuring from IT that we can use whatever we want as the database will be entry. Andrea, I agree that you should keep a power list and Kam should keep the gas list. Also, just wondering if when we set up the gas books should we have also put in requests for gas daily, basis, index, etc. I couldn't remember how that worked." white-s,"We will be having a staff meeting today. If we can start at 12:15 rather than 12:00 that would be great because I have an 11:00 meeting. John, What is the phone number where we can reach you? Sorry I do not have an itinerary. I would like to go over Doorstep findings and anything else you would like to fill me in on since we have not met in a while." white-s,"It was wonderful. Not so excited to be back - I'm sure it will get better as the week goes on. How was your flight? Did you feel safer? They want me to go on the London Doorstep in November, so I was just wondering." white-s,I thought we already told them to exclude those portfolios??? white-s,"I was comparing the 'Position by Trader PRINT' tab in WestPos to the VaR report (Nov. 26 for example). I would hope the rules for carrying over a week will still apply, but I have not heard anything concrete. I'll see what I can find out." white-s,SLACKER!!! white-s,"This is the latest draft of pre-bankruptcy pay-outs. I have put all the information I have, please add any that you may know. Have a Merry Christmas!" white-s,"Do your gas books have any gas deals left? There were 23,000 deals missed in the 'kill exercise' performed by IT. If you have deals left, please re-calc tomorrow to see if they go away. If you have no deals, then you are done!" white-s,Should we request the LT-Option book to be attached to Andy Zipper? Any other books needed for him? Will he be allowed to trade all regions? white-s,Just a reminder to make sure you get Tim a list of books/regions that are currently designated to be traded. We need to change trader names etc. so make sure he gets us this information as soon as possible. white-s,The LT-SW book was not officialized last night. I have officialized it this morning. We still need to be careful regarding officializations for credit purposes. white-s,"If you get a chance, give me a call. Can't wait to hear all the London scoop! I hope you are well despite this disaster." white-s,"That is fine. She doesn't really care about the Schedule C stuff, she just wants to know that is going to come off of LTD." white-s,"Here is my request: Can you make the system calculate a killed deal? There were deals killed with Sempra Energy Trading on Saturday and the credit group needs to know what the value would have been had these deals been calculated against yesterday's curves. Basically, we need to calc all Sempra deals that were killed Saturday or later as of last night. Is this possible?" white-s,Did you send this to Kathy reeves? She is in charge of Calgary's power risk management. white-s,"I think your resume looks good. Brad called me today and they are definitely pulling together resumes. He says send a resume, call or both." white-s,How many times are you going to publish the P&L today? (just a joke - is everything o.k.?) white-s,"Thanks for the update. I finally talked to him also. The message you just told me, is what I communicated to Samantha. Whenever or if ever, you find out more specifics re: Portland estate, please let me know." white-s,"Jason, I am aware of the risk being taken regarding the old Sun machines moving to the new building. Specifically, they may not work once taken out of commission. I am also willing to take this risk and request that the current machines the power risk group operates on should accompany them to the new building." white-s,"Bob, What is the plan for this going forward? I am expecting that you will want to use my risk estate employees for this, I am correct?" white-s,"Now that Will has been cleaning out scheduling tables, will you ensure that the prepays in the document below are still in the scheduling system. If they are not, we can autoschedule them." white-s,"According to Tim, if we could find no other spots for her to stay in Risk, she would be designated as VM and Kit Blair would be taken off the list. Do you know what communication is being given to 'estate' employees in Portland?" white-s,"So sorry to be such a bother, but I just want to make sure that you received and are frantically thinking about my message. UBS is needing names confirmed this morning so offer letters can go out today." white-s,"Power December books are final. This does not mean that every termination has been accounted for in the final Dec. 31 calculation. We eventually hit a stopping point for terminations and will catch up the remainder of terminations in 'after December' books. Also, power books are set up as you have defined below." white-s,"Will, Please run the 2002 script for Coral Power, L.L.C. Let me know when you are done." white-s,"I will be out of the office tomorrow and out of town this weekend. If an emergency arises, please try the following numbers: Home - 281-894-0468 Cell - 281-382-5215 Weekend - 361-275-6444 Have a great weekend!" white-s,Steven Luong and Nick are working on a better list with more specific names. I'll keep you informed. white-s,"John, This file gives you similar information to the file that Jeff sent you for gas. Frank is using it to continue investigating what went wrong with the extraction from the VaR model. If you want me to change anything, let me know." white-s,"I hope all is well with you! Kristin, Mike and I will be arriving in London Saturday, November 3. We will be there through the next Saturday, leaving early that morning. Can't wait to see you. Any exciting news? How's work, social life, etc." white-s,Here you go. Sorry for the delay. Please let me know what else I can do. The file is subtotaled to include Peak and Off-peak together. It includes both positions and current MTM as of last night. Stacey White white-s,"As you can see from various e-mails, Samantha will need to take responsibility for these twice weekly calcs. I talked to Bob yesterday and he is aware that she is there and needing something to do. Unofficially, he said that there should be no employee changes before the end of February, so Sam should start coming to work and taking over any specific West Estate requests." white-s,"Min, I am so happy that you were moved to the Netco list. Thank you for all your hard work and the efforts you have put forth to learn our needs and react quickly to them. I look forward to working with you in the future." white-s,Was in a meeting with UBS at this time. Sorry. white-s,"Sonia, Kim may have some changes to the seating assignments. I believe these changes will also affect where Evelyn's settlements group sits. Please coordinate changes and then send me a list of desk #'s and associated names. I need to forward this information to Lloyd Will." white-s,I was working on getting the right sign-off before I approved or denied. I should know no later than tomorrow. white-s,"Hope all is well. My new e-mail is stacey.w.white@enron.com The one you have will be decommissioned shortly. I still have a job and will more than likely go to the 'new co.' - the piece that UBS has bid for. Currently, we are extremely busy trying to close out old business at the same time as setting up details of the new business. Russell and I are both well, probably working too hard. What is new with you? Stacey If you get a chance give me a call - would love to talk to you. 713-853-1870 (w) 281-382-5215 (cell). I tried the number listed on this e-mail for you, but it just rang and rang." white-s,"Please let me know your thoughts on the following correspondence. We are in the process of putting together our integration plan and the interest rate curve is one of our biggest stumbling blocks since the interest rate group will not be going to NEWCO. As you can see, your name has been volunteered and I need to know what all you will need access to in order to get this curve to the Risk Management groups on a timely (preferably 2:00 p.m.) basis." white-s,"Bob, What is the plan for this going forward? I am expecting that you will want to use my risk estate employees for this, I am correct?" white-s,"We will not be there next week so that should be fine. Are the complex derivatives group and 'structured book' run by Paul Darcy the same thing? If yes, then we are planning on reviewing that area. Should I contact Paul Darcy directly? If no, what is the complex derivatives group?" white-s,I just heard a rumor that the Ercot Power Trading was going to sit in the Gas (Open) section. Is this the case and does it change the seating for gas and power risk? white-s,This is the meeting I was referring to. Stacey -----Original white-s,"I had forwarded your message to HR and had not heard anything. However, I just went to yahoo and was reading an article that says the website is careerservices@enron.com but that it is not currently in operation. Good luck," white-s,"Fran, Congratulations! I can't believe you didn't call and tell me. Can't wait to see the ring." white-s,Let me know if this does not work. This is a report straight from the calculation engine so it is easy and fast to generate. white-s,Who do we ask to set up the m:\common? This makes the most sense to me. white-s,"I was in a meeting last night to discuss who was critical. I do not know if that list has been blessed. The list we put together would definitely get us a through especially since we will not have all the old deals. Your normal contacts should be there - Norman, Zhiyun, Min, Duong Luu, Will Smith." white-s,"Sounds good to me. FYI - the option true-up was a different issue, related to the way options were being input into the system. They had days which would fall out of the calc, not a last day of the month problem." white-s,"Thanks for the offer, I have a Dr's appt. Maybe later this week. Mid C is R9, but WSCC-N is R8. A 'B' indicates a basis curve which WSCC-N is not. Have you talked to Bruce from Chase re: these files?" white-s,"When: Thursday, October 25, 2001 10:30 AM-11:30 AM (GMT-06:00) Central Time (US & Canada). Where: call-in 853-1870 *~*~*~*~*~*~*~*~*~* I am also sending you a forward of a meeting I am supposed to have with Scotty Gilbert and Jeff Richter tomorrow - hope you can join us." white-s,Congratulations US Citizen! You have to set up a new book (see the other Spreadsheet books for naming convention). Can't wait to discuss all this. white-s,"FYI - we will be running a live simulation on Thursday. I will give you more details when I know something. John, When you get a chance will you ask Tim if he is aware of this?" white-s,"Casey and John can get back to you on your specific question re: Canada. However, I wanted to let you know that our DPR will more than likely not be final until Friday. Hopefully we can get you all reports then. We have had to leave the DPR open due to many terminations that are still funneling our way and we are getting the 12-31 data as clean as possible for the estate." white-s,"The post ids for the bankruptcy books will be: 15267 15268 They are running right now. They take approximately 30 minutes so should be complete at 9:45. If you are not seeing numbers, call Andrea Dahlke X5-4080. I am running to a dentist appointment this morning, and will be back shortly." williams-w3,"John, Here are the remaining hourly traders. Bill Williams Ryan Slinger Holden Salisbury Geir Solberg Bert Meyers Craig Dean Casey Anderson Mike Mier Let me know if you need anything else..." williams-w3,That sounds good to me. I appreciate your help. williams-w3,"ST-WBOM is importing 20 mws for HE 2 and 3, and 10 mws for HE 4 and 5 at MEAD 230. I have made the Enpower deals (868223, 868224, 868234) to buy from PinWest and sell to the imbalance in SP-15. I have entered the schedule in CAPS and it should be good to go. ST-WBOM also purchased 10 mws from Redding in NP-15 for HE 7-22 at $25. Chris Mallory brokered this deal. Thanks" williams-w3,"Crystal, Seattle was sweet this weekend. I went and saw Brad at the Breakroom...what did you think of Husky Stadium? Woohoo! Man, Thursday...whoa...and think, I went out after that...whoa...but it was my birthday...sorry for calling late. Are you doing anything cool this weekend? Motorcycle dirt track races are on Saturday night at Portland Speedway... I am stoked. Plus the first Husky football game is this weekend in Seattle against Michigan! How are other things going? Hopefully well. Later," williams-w3,"We have also bought HE 10 and HE 11 from the APX. We bought 35 mws for HE 10 at $35, and 31 mws for HE 11 at $35." williams-w3,"Group, Please take a look at the following attachment. It details how we will be entering our Enpower and CAPS 99% of the time. If you have any questions, just let me know." williams-w3,"Neil, The revenue for the sale that Phil entered to the CAISO will be captured by our volume management group. RT will have no access to this revenue. Consequently, we will not buy or sell it on your behalf to capture it. Please give me a call tomorrow for a more thorough explanation." williams-w3,"Heather, I spoke with Chris and he is on board with the annuity of $18750 from ST-CALI to ST-WHOURLY. Thanks for the help with this." williams-w3,"Virginia, I have no idea. I would recommend checking with Cara...she's omniscient. Good luck." williams-w3,"Traci, I manage the short term west hourly trading desk in Portland. Do you need me to come to Houston, or is there a more convenient way to convey my feedback? I also need a performance feedback form. You can reach me at 503-464-3730" williams-w3,This can also be found at P:Realtime/Williamsonly/Dopewars in the P drive. If you have access. williams-w3,"Jill, I was being sarcastic about the $16000. Could you send an email to each group member giving them their average usage since you started or the last 3 months (AT&T should have this info). If you could send me an email breaking out the costs that would be great as well. I am not that concerned with the new phones--but would like to know what was spent. I appreciate the help." williams-w3,"Group, Our deal with EES has changed. As Ryan indicated in his email we are now charging $3 for EES up to 100 mws, above 100 mws to 200 mws we are charging $4, above 200 mws per hour we are charging $5. However, when we have transacted with EES for a peaker product or day-ahead schedule we will not integrate our fee into their price for that quanity of mws. I will indicate in an email to you when this occurs. This is a bit complex but if you have questions just let me know. Also, EnMax has recently been buying energy from us at the BC Border. This turned out to be a ""Canadian"" firm purchase on the part of Enmax. Please do not fill any sale to EnMax with MPC energy. We need to treat EnMax just like ECC. We should buy an option or a call and then exercise that option. MPC does not have this capability and should not be used in this manner. Finally, the NW evening peak has arrived. The NW has been extremely tight through morning and evening peaks, often over $30 to pick up... Any questions, just let me know." williams-w3,"Group, The baseball game will be on Thursday July 26th, NOT Monday July 16th. Gates open at 6:30. Refreshments and pizza will be provided. Everyone should plan to attend. Please let me know if you cannot." williams-w3,"Jim, On Tuesday we sold the CAISO replacement reserves at Malin for HE 15 and HE 16, then HE 18 through HE 22. We were exercised for the first 40 minutes of HE 15 (for the last 20 minutes of HE 15 our energy was uninstructued and we received the dec price). For HE 16, and HE 18-22 we were awarded the capacity payment but were not exercised. The capacity payment should be at least $91.86 for each hour it was received. If you have questions, please let me know." williams-w3,"Greg, Below are the following names of some potential reviewers for this period. I am also meeting with John Thompsen who was my analyst pool representative last review period for lunch on Thursday. Phil Platter Jeff Richter Chris Stokely Heather Dunton Les Rawson Mark Fischer Holden Salisbury Sean Crandall Chris Foster Stewart Rosman I assume you will be reviewing me as well. If you have any questions, please let me know." williams-w3,"Steph, Great to hear from you. I got a call from Scotty this weekend but have not had a chance to give him a call back yet. Enron selling PGE has had no real effect on me. It should be good for our stock price though. One can hope anyway. Glad to hear you guys are doing well. Let me know when you guys are coming down...you can definitely stay at my place--its not big but I will have a futon for a bit longer. You may prefer the Paramount hotel--its right next door. And my liver will likely always be in shape. Take care." williams-w3,"Susan, Thank you. This looks good. To answer some of your questions, price is per mw, not per deal. Transmission deals, EpmiCalPool deals, and sales or purchases from the counterparty California Imbalance in Enpower need to be excluded." williams-w3,"Chris, I attached a simple sheet outlining our basic process of decremental bidding. From a Real-Time standpoint we are ready to implement this process immediately. I believe we have the tools in place to capture the revenue on the volume management side as well. Kourtney Nelson is out of the office today but will return on Monday. I feel we should involve her in the process when she returns. Overall, this is very similar to what we did last summer and should be relatively easy to implement. Feel free to see me with questions." williams-w3,"Kate, We will be short 50 mws off-peak Sunday and Monday(that's all day Sunday and off-peak Monday) at @$36-check with Kysa on price. 25 mws on peak Monday at @$45 in SP-15 (check with Kysa) 25 mws on peak Monday at @$50 at PV with EPE (check with Holden) 25 mws off peak at MidC on Monday ONLY at $32 with ST-NW (we will sell to ST-NW--check with Diana S.) Questions? Let me know. Word." williams-w3,"This is at the top right after you turning the volume on your computer down. Also... Right after the boxes, but parallel to FSP parallel testing." williams-w3,"Group, Please join me in a meeting Tuesday at 4:30 in Mt. Hood. We will be discussing strategy and group direction! Pizza will also be in attendance." williams-w3,"Group, Just a quick reminder. When we are notified by the CAISO Generation desk regarding a ""waiver"" for an Enron managed unit in California, we should notify the services desk if it is during the day, and should email the services desk (and me) if it is after normal work hours. If you have questions please just let me know." williams-w3,"Group, We are long on Sunday. 15 mws for HE 12-20 at NP15 in PGE3 at $25. I made the deals as DA schedules in CAPS. I have made the purchase from the APX and the sale to imbalance (#685979, #685978). We are long on Monday. Shaped schedule. Price of $35. HE 10: 35 HE 11: 30 HE 12: 25 HE 13-17: 15 HE 18: 10 HE 19-21: 15 I have made the purchase from APX and the sale to the imbalance in Enpower (#685980,685981). Schedules are in CAPS under ST-WBOM. Templates have been submitted Day ahead. Please make real-time purchases from the Calimbalance and corresponding sales under ST-WBOM in Enpower during real time. Please call me with questions. 503-887-3449" williams-w3,"Group, Going forward we will be delivering parking or taking lending energy at one point per schedule with Portland General. We will either deliver or take energy from them at Portland General System. OR we will deliver or take energy from them at Mid-C. PGE real-time has had difficulty with scheduling the energy in real-time to or from a point other than originally prescheduled. Therefore ONLY schedule the energy to or from the originally prescheduled delivery point. In the case below we would deliver the energy to Portland General System--NOT the MID-C. We should continue to be flexible at PGE's request. Please see me with any questions." williams-w3,"Dave, Sorry it has taken so long to get back to you. First, regarding handsets. Each real-time desk needs 2 handsets. Kate Symes needs another handset under her desk as well. Also, I need to have my extension displayed on Kate Symes turret, and on each RT turret as well. Also on Stewart Rosman's, Greg Wolf's, Les Rawson's and Chris Foster's. I also need Kate Symes extension displayed on my turret (this is an immediate concern beyond the handsets). Her TRID is #106 ext. 3939, my TRID is #140 ext. 3730. I will address our treatment of handsets with the group. Feel free to grab me this afternoon before 4PM for a meeting if you still have time. Thanks for the help." williams-w3,I am working on getting Nate's email. I will try to get him to show up at indoor on Monday. williams-w3,"Ken, Thank you for your inquiry. I will do my best to answer your questions, but would prefer to answer your questions by phone. I feel that this will provide each of us with greater flexibility and likely will give me even more of an opportunity to answer your questions. I will usually be most available after 3 each day. You can reach me at 503-464-3730." williams-w3,"Kate, Bobette from Powerdex will want to speak to you regarding timelines, templates, etc. to set up an hourly index to be published the next day. I gave her your name because of your past experience in deal control. She will likely be calling around 9:30 or 9:45. I am not sure where I am at on this index, your feedback will play a large role in whether we participate in this index. Sorry for the short notice." williams-w3,"Group, We are continuing to refine our deal entry techniques and spreadsheet techniques. We are having great success with EOL so far. For further clarification. 1. ALL DEALS UNDER ST-WHOURLY--except a lending/parking deal or cut. For example if we are lending with ST-SW and we buy for them in NP-15. The buy in NP-15 is under ST-WHOURLY, the EPMICALPOOL Buy/Resale from NP-15 to FC345 is under ST-WHOURLY, the INTER-DESK sale is made under ST-WHOURLY (at the end of the day--see #3), and the sale to EPE is under ST-SW. The export in CAPS is also under ST-SW. 2. ONE DEAL FOR AN ON-PEAK or OFF-PEAK PURCHASE or SALE.--For example one deal for a sale to the imbalance, one deal for a sale to EPE 3. ONE DEAL FOR AN INTER-DESK SALE or PURCHASE--done by the NIGHT SHIFT at the weighted average price for the entire strip, transmission costs should be included. We are just averaging the purchase price or sale price for specific deals. (see ST-WBOM SP-15 section of AUG TRADING sheet on 08/29/01 for an example) 4. INC SHEETS MUST BE MAINTAINED, DEALS ENTERED AND ROUTED EACH HOUR--only way to stay ahead 5. WE ARE GENERATING SIGNIFICANTLY MORE REVENUE AND PROFIT TRADING WITH EOL (over $130,000 in the last 5 days alone--does not include congestion revenue!)--530+ trades, 13,100 extra mws traded with EOL in 8 days. 6. MEETING ON TUESDAY 09/04 at 4PM Finally, I will be out of the office for Friday and will be in Seattle through Sunday. You should be able to reach me on my cell phone (503) 887-3449. If you can not reach me, please refer questions regarding trading to Ryan Slinger, (503) 789-1306. Thanks for the continued hard work and attention to detail," williams-w3,"Jon, Thanks for the schedule. Unfortunately I won't be at tonights game or the outdoor game tomorrow. I should be at the games next week though." williams-w3,We could pull tapes? Ask the person who did the deal? There is nothing in notebooks. Any word on the BOM PMA? williams-w3,"Group, We are short 50 mws in SP-15 for HE 7-22 on Wednesday at $61.44. Please purchase this 50 mws under ST-WBOM. St-Cali is short 50 mws in SP-15 for HE 7-22. All deals should be under St-Cali in Enpower and CAPS. St-SW is short 20 mws in SP-15 for HE 7-22. All deals should be under St-SW in Enpower and CAPS. If you have any questions please give me a call at 503-887-3449 or 503-274-0502" williams-w3,Fred can be reached at 1-915-543-4335. Nice email to Fred on Tuesday by the way. williams-w3,"Yo! Yeah, I am taking a look at it. How are the interviews coming? If you want to meet me for lunch, we can grab some pens and go over the thing. I am going to need information from you, and find out what you want to show. Anything good going on this week?" williams-w3,"Geir, You should be receiving an email regarding access to EOL. If you have any questions about getting set up just let me know." williams-w3,I will be out of the office for 06/29/01. I can be reached on my cell phone at 503-887-3449 if you need anything. williams-w3,"Chip, I need to have a tape pulled for Ryan Slinger on July 3 at 14:40 and 14:45. Let me know when you have the time and I will go up with you to pull the tape." williams-w3,"**Per Tony at EPE, the following is new for 2002. I will attempt to get more information and pass it on as I receive it.** First, TNP now has a 75 MW call on EPE. The schedule you see on the unit commitment was called in by PNM on behalf of TNP. Lets keep checking TNP schedules real-time to minimize inadverdant on this sale. Second, SPS exchange now is 130 MW light load, SPS provides EPE 130 MW at the Eddy tie and EPE returns the power 100 MW at PV and 30 at FC. Again, this schedule will have to be verified real time with SPS/PSCO. **The TNP schedule is verified with PNM and is delivered at Hidalgo. 25 is firm just like the last two years, 50 is econ. and can be varied by PNM each hour.** Please ask if you have any questions." williams-w3,"Just need to know why there will be a BOM charge of $5331.90? My impression is that this was totally trued up... Is this some weird tranny charge? Ideas... As always, if you could go through these charges that would be great, and I like the idea of showing the $96,065.15 this month." williams-w3,"Enpower Preschedule Workspace and Path Confirmation Please note we have two new Enpower applications currently in use by the Prescheduling Group that are also available for Real Time use. A manual has been placed in your inbox describing the process in detail. You will be using this in place of Lotus Notes to confirm and process cut power schedules going forward. You must check out with all major marketers and utilities each night. This would include but not be limited to: AEP, AES-New Energy, Aquila, Avista, Calpine, Constellation, Coral, Duke, Dynegy, El Paso Merchant, Exelon, Meico, Mirant, Morgan, NCPA, Reliant, PPLMontana, PowerX, Sempra, SMUD, TransAlta, Williams, and southwest utilities such as Pinnacle West, SRP, PNM, PSCO and Pacificorp. Northwest counterparties are checked out by BPA and do not need to be checked again by us (this would include SCL, TCL, PSPL, BPAP, GCPUD, EWEB, IPC, MPC, SNPD, WWP). These checkouts should be started in HE 19 and finished by HE 21. NOTE: You must open both PSW and Path Confirmation from your local Enpower Launchpad, which can be found under the Start Menu in Programs/Business Applications/Enpower/Enpower Login. Following are a few pointers to help you get started. 1. All prescheduled power paths will be loaded into Path Confirmation. This application must be opened from local Enpower and can be found in the menu that drops down from the hand icon at the left under ""Tools."" 2. A box will appear asking you to select a default trading desk. Choose ""West"" and click ""Okay."" 3. Supply schedules are shown in gray, transmission in yellow, and market in blue. 4. Sort paths by clicking and dragging on the heading you'd like to sort by. Suggestion: Sort by counterparty while making confirmation calls. When all schedules with that counterparty are confirmed, highlight each schedule 5. Highlight the path you'd like to confirm or cut by clicking in the thin box to the very left of the Path Confirmation screen. Highlight multiple rows by holding the ""Control"" button and while selecting multiple rows. 6. Confirm a path by highlighting and clicking the telephone icon. A screen will come up requesting contact information from the appropriate counterparty. Because this information saves directly to Enpower, save time runs about a minute. 7. Cut a path by highlighting and clicking the scissors icon. A screen called ""Cut Information"" will come up. Select the ""New Path Cut"" icon in the upper left-hand corner and supply the relevant information (region, cut time, resupply path, Enpower numbers, Turret ID, etc.) 8. Double click anywhere in a particular row to see a detail of that schedule. This screen will show the terms and hours of the deal as well as volume, price, Enpower deal and OATI tag number. Lotus Notes is being phased out of operation, and we are working with the Enpower team in Houston to develop a discussion database similar to the one we currently use in Notes. These new applications will be a part of that, so please begin adjusting your nightly schedule checkout and/or cuts procedure accordingly (i.e. Record cut paths in Enpower Path Confirmation, not Lotus" williams-w3,"Group, We will be performing a new service for EES. On Monday, August 6th the ST-CALI desk will have submitted ancillary service bids to the CAISO for EES load. LADWP will be providing the capacity (SPIN), we will be dispatched over the ADS system, and then need to call the amount into LADWP. We need to keep track of the amount exercised. We should do this in the Service Sheet and then record the amount dispatched on the sheet to EES on Tuesday morning as well. The tags are in the front of the services book for Monday. The shape is as follows. Time Volume Tie Point Type HE 7 6 MW LA4-VictorvilleLugo Spin HE 8 6 MW LA4-VictorvilleLugo Spin HE 9 6 MW LA4-VictorvilleLugo Spin HE 10 6 MW LA4-VictorvilleLugo Spin HE 11 6 MW LA4-VictorvilleLugo Spin HE 12 6 MW LA4-VictorvilleLugo Spin HE 13 6 MW LA4-VictorvilleLugo Spin HE 14 6 MW LA4-VictorvilleLugo Spin HE 15 6 MW LA4-VictorvilleLugo Spin HE 16 6 MW LA4-VictorvilleLugo Spin HE 17 6 MW LA4-VictorvilleLugo Spin HE 18 6 MW LA4-VictorvilleLugo Spin HE 19 6 MW LA4-VictorvilleLugo Spin HE 20 6 MW LA4-VictorvilleLugo Spin HE 21 6 MW LA4-VictorvilleLugo Spin HE 22 6 MW LA4-VictorvilleLugo Spin Please call me with any questions. 503-887-3449-cell 503-274-0502-home" williams-w3,"Keoni, I am not concerned with the improperly posted ATC's. I am concerned that our bids to relieve congestion were awarded but that the respective dollar value for those bids was incorrect. We have had problems in the past with misentry of our congestion management bids. However, in this case, the awarded congestion management bids look correct to me, and it appears that the CAISO published price is not appropriate for the amount of mws flowed. I would like to figure this out as soon as possible so that we can fix any problems that might exist on our end. Please give me a call when you have a chance." williams-w3,"Tim, I will be available all week. Thank you for the opportunity," williams-w3,"Jon, Good to hear from you. Glad to hear you are healing up, as for me, I am still working on the sprained knee. Enough of this one game and out stuff. Do you know when the outdoor season starts? I am hoping to make some indoor games, but want to concentrate on outdoor." williams-w3,Looks good Ray! Nicely summarized. williams-w3,"Group, We have returned to CAPS as of today. We will return to running the Enpower to CAPS report as usual. This will give us a chance to work the performance bugs out of FSP and improve our reconciliation methodology at the same time." williams-w3,"Diana, Here is the message that Kate sent to Diane, and the original messages from Diane are below that. I think we will have this sorted out going forward. Let me know if you have any questions." williams-w3,"Keoni, I thought your email regarding the running of CONG with a heuristic rather than optimal solution may address and solve the problem. I have not yet been able to pull up ""corrected"" prices but hopefully they will now reflect our bids. The problems I referred to in my phone message last week were similar to what my original email detailed. Basically, we were awarded mw's on a congestion management schedule and the published prices did not match our bids. Will the change in running the ""solutions"" change this? Our volume management group will then be inputing our bid price rather than the published congestion management price--as those prices are not yet published correctly. I will be in the office this week and can be reached at your convenience." williams-w3,"Dave, Good morning. Just wanted to confirm my email with you. It is Bill Williams III, not Bill Williiams. Thanks for the email." williams-w3,"Group, CAPS will be down from HE 20 through HE 1 on Saturday morning. We will have to use workspace and run Enpower to CAPS after HE 1. We may want to run Enpower to CAPs early (or at least create finals) so that we do not lose any data if the whole thing gets erased. Please call with questions. Good luck." williams-w3,"Group, When doing swaps please use the swap function in Enpower. Do not enter annuities anymore for financial deals. Be sure to specify whether you are buying or selling index and then what index you are selling (NP15 inc/dec...etc). An example appears in the attachment. Swaps have caused disputes that have dragged on for months in the past, so call me with any questions." williams-w3,"We will pay APS losses of 1 mw for HE 1 PDT only on July 4th. Lisa has made the tag and put the losses in the preschedule sheet. Kate has made the enpower for this deal (#672781, and #672785). Please put the price in for deal #672781 (buy from EPE)." williams-w3,A quick heads up. We relieved congestion this morning (08/16/01). The hours and volumes are in the inc sheet. williams-w3,"Dave, Good morning. When you have a chance. We need to get a third turret in the mix at RT. We should use Kate's turret if necessary. Please see me with ideas and or a timeline for getting this installed." williams-w3,"Amy, I am interested in either position...as I imagine each person in the real-time group will be. Let me know if I can be of help with anything." williams-w3,"Actually, I think the Honda is probably the one. Much cooler...and good Honda reliability. Looks good in Silver or Red." williams-w3,"Bob, We would have the following hourly physical products out until 6 PM CST (4 PST) on Friday--HE 17 through HE 20 Palo Verde; HE 17 through HE 20 MID-C; HE 19 through HE 20 SP15; HE 19 through HE 20 NP15. We can then suspend or inactivate these products at 6 PM. All other physical products will have already been suspended or inactivated before 6 PM CST (HE 12 through HE 17 etc.). If you have any questions, please let me know. Thank you for the help." williams-w3,"Heather, Count me in, I'll buy a bike. 100% here I come." williams-w3,I am sorry to hear this Julie. I appreciate your effort and do not envy your task of informing the candidates of our change in plans. Let me know if there is anything I can help with. williams-w3,"You have to love the availability of beautiful lasses for viewing. Things are interesting. Enron is moving right along and we will find out about who I am working for on Friday (our auction should be completed then). Not too much else is new. My place continues to get better (as I slowly furnish it), but Portland continues to be the little sister to Seattle. A couple new bars in town suggest she might be getting closer to puberty but definitely not the woman about town that Seattle is. Morgan told me you may no longer be with Steph? Is this true? (And I hope you are the only one reading this if it is not). If that is the case, well, we can see what we can do about it. As always, I have no plans the next couple weekends, so give me a shout (still have my cell phone at 503-887-3449) if you want to take a trip on down. Your always welcome to crash on my couch...(sorry its all I have, I got rid of the futon). Hope youre doing well. Word." williams-w3,I would like to get this process going as quickly as possible. Interviews on Thursday? williams-w3,"Steve, Great email! Arbitrary and capricious indeed. More like ridiculous." williams-w3,"Jill, Ryan Slinger previously had a plan set up. It looks like our AT&T rep switched him back to the group calling plan. Please check with Ryan and he will let you know what he needs." williams-w3,"Group, We will be meeting on Thursday at 4:30 to discuss recent changes and the company outlook with Tim on Thursday Dec. 13th at 4:30. Please call me if you cannot make it." williams-w3,"Mike, Your cell phone is not working or has been disconnected and I have no way to reach you. Please update me with your contact information as soon as possible." williams-w3,"Group, We are long for the 13th in California, 25 mws under ST-WBOM in NP-15 at $57. We are also long 22 mws under ST-CALI in NP-15. ST-CALI is also short in the morning in SP-15. They are short at around $30. ST-CALI is providing us with a sheet detailing their positions for RT, we will now be providing them with a sheet each morning detailing their sales from the previous day. Going forward, please put all the ST-CALI sales or length in the service sheet beneath our activity. We are also short 10 mws to EWEB for HE 1-12, Willamette has a month long sale at $270 but needs to come down unexpectedly for maintenance. We will backfill this and split any profit with Services. Finally... We must check out with BPA each hour for Frontier and GCPUD. Please make the call right after you call EPE dispatchers (between 25 after and 35 after). The new service sheets have a place for initials for the call each hour, please initial after making the call to BPA (ext. 2277). ALSO...TIMBERS TOMORROW NIGHT!" williams-w3,"Theresa, Could you add DL-Portland Shift to this distribution. I would like the guys in Real-Time to be able to see this information when they come in." williams-w3,"Jim, Just a quick note regarding scheduling on Saturday. There should be a 25 mw n-firm export for HE 7-10 and HE 13-22. The schedule ID for HE 7-10 was CISO_EPMI_BUNNY. The schedule ID for HE13-22 was EPMI_CISO_BUNNY. For HE 11 and HE12, Danielle at the CISO misentered our schedule. CAPS shows a final of 25 mws as a firm import. This should be a n-firm export. We recieved the energy as a firm export from the CISO. All schedules should be under ECTSTSW not ECTRT. If you have questions please let me know." williams-w3,"Due to the relatively weak real-time market during morning hours, we wanted to communicate a strategy for dec. bidding or buying-back generation that you've sold forward. We want to stress that this is a relatively short-term strategy. As the weather turns cold during the late-Autumn and Winter months, the morning hours actually trade at a premium on the real-time market. Lately, HE1-10 have been very weak real-time, ranging between $25 and $40. We have two strategies that we would like to suggest: Group, We have two important items regarding the services and asset management side of our business. First, The CAISO has been calling repeatedly regarding outages. We will continue to call the CAISO for every outage (including when Black Hills goes down 200 kWh). Donna has worked closely with the CAISO regarding their new tariff and her information appears below. It is very important that we do not expose ourselves to charges by not notifying the CAISO of an outage. Second, We will be working with the generators to execute buy-backs or supplemental dec. bids when market conditions warrant. Stan has written an email to the generators also detailed below. Stan and Chris will be contacting the generators over the next few days to review this email with them. Afterwards the Real-Time group will contact the generators and initiate one of the two strategies when profitable. Real-Time will retain 50% of the profits over the generator's day ahead profits. Please let me know if you have any questions or feedback. Bill __________________________________________________________________________ I have reviewed documents from the ISO's website regarding forced outages as they relate to the June 19 FERC order and concluded the following: (1) During a System Emergency, a penalty based on twice the highest price paid for energy in the hour could be assessed if the Participating Generator does not notify the ISO of the outage within the operating hour of the outage, and (2) During a Non-System Emergency, a generator could be assessed a penalty if it fails to report the forced outage within the operating hour. If you have any questions at all, I can be reached at extension 7733." williams-w3,"Good morning. We are off in position manager at Mid Columbia because of Enron Canada. I notified Murray at Enron Canada at approximately 6:15 this morning. Position manager is also not working properly, it is reporting a variance at Pacificorp system border ? and at Palo Verde. However the position manager shows no variance when detail is clicked. If you have questions, let me know." williams-w3,"Rhonda, The CP ""New"" represents a counterparty as yet to be determined. I am working with Diana Scholtes on this. This deal is essentially a placeholder. I will give you the information as I receive it." williams-w3,"Virginia, I have a dispute for you and Mike regarding WAPA on June 2nd. Please come see me when you have a chance." williams-w3,"Virginia, I spoke with Mike Swerzbin and Mike Driscoll this morning regarding an annuity from ST-Whourly to LT-NW to compensate LT-NW for energy at Montana that was not sold on June 4th. ST-Whourly will pay LT-NW our average hourly price per mw for that energy. That price is $23 per mw. Please revise the annuity as appropriate. If you have any questions, please come see myself or Mike." williams-w3,"Sunil, Per our conversation on the phone. We are getting several requests from customers to allow them to ""personalize"" their quotes to only include hourly EOL products. We are currently trading physical firm power at NP-15, SP-15, PV, and Mid-C for hours ending 12-20. A same day filter or hourly product filter would work nicely. Please let me know what you might need from me to get this accomplished as quickly as possible." williams-w3,"Thresa, I have attached the spread sheet I created back in February. There are comments explaining the formulas. If you have questions please just give me a call and I will try to clear them up." williams-w3,Chip have you had a chance to work with Greg Ford on ADS? Any ideas on the new ADS phase II? williams-w3,"Group-- NO TRADES WITH SEMPRA UNTIL FURTHER. Do not sell to them, do not buy from them. They are in a box. You may want to let the muni's and other counterparties know. Call me with questions." williams-w3,This all looks good. The real time phone number is 1-800-684-1336... Thanks for the hard work. williams-w3,"Group, We will have a meeting on Thursday of next week at 4 PM (Pizza will be provided--finally) on JAN 24th. I hope our transition to UBS from Enron will be complete by next Wednesday. If so, we will be discussing what we hope to achieve this year and the look of the floor going forward. If not, this meeting will likely be postponed. Please call me with any questions." williams-w3,"Green Room, Granted, I missed the last game and though I may not deserve to present an opinion given my lengthy stay on the reserve list, I also favor the move to D1. I think better competition will be more fun, provided that we field a full team (speaking mostly at myself here) on a consistent basis. I have started playing again and am hoping to be back for the Fall season, I also know another player-Nate Stanton (he has played with a few of us in indoor)-who is interested in playing and is a bit quicker and better than myself. So for what it's worth. D1 all the way. Thanks." williams-w3,"Group, Cuts are on the way. While most can be zeroed out in Enpower (for LD's) like normal, longterm contracts will require an annuity for the value of the cut on that particular day. In the interest of being uniform, the guidelines for cuts are below. We will be handling cuts in the following manner: 1. Documentation is priority #1. We need to fill out a cut sheet with the times, the name of the person who called, the tag number, the quantity and price. 2. After attempting to resupply the cut or find an alternate sink we need to carefully document changes in the new enpower workspace. 3. We need to zero out all cut deals in Enpower, we then need to calculate the value of the deals and make an annuity. The annuity must be made HE 1 on the following day of the schedule. The annuity needs to be for 1 mw for the value of the zeroed out contract. In the comment section of the annuity you must include the Enpower deal # of the cut deal and should include an indication of the number of mws each hour and the contract price--for example (4 hours @ 25 mws X $100 per mw = $10,000). 4. Please be as accurate as possible. We still need to be flat in Enpower at the end of each day. And we still need to calculate our daily position. 5. Put all cut sheets in the accordion folder on Kate Symes' Desk. I appreciate your help and diligence." williams-w3,"Murray, Thank you for your interest in our group. I will certainly keep you informed of our next available opening. We will likely have some openings in February (it always seems to happen around that time). As you might assume, we are interested in hiring the best person for the job, if you were that person, then we would do our best to facilitate your move. Again, thank you for your interest, and if you have further questions just give me a call." williams-w3,"Group, I will be out of the office visiting CDWR, SMUD and NCPA on Monday through Wednesday. I should be back Wednesday afternoon. You can reach me on my cell phone if you need." williams-w3,"Group, We will have a real-time meeting on Tuesday August 7th at 4:30PM. The meeting will run till 5:30. We will go over Hourly EOL implementation, Cuts (yet again), new group members, and market changes. Our baseball trip to the suite is Thursday August 16th. Food and beverages will be provided. Finally, reviews are coming." williams-w3,"Virginia, All deals were originally sourced under ST-NW. Revenue was moved from ST-NW to ST-Whourly for 70/30 split between LP and ST-Whourly. Annuity to ST-Whourly from ST-NW #531524--$23468.76 Annuity from ST-Whourly to LP #531549--$12597.73 Annuity from ST-Whourly to LT-NW #531546--$5472--this compensated for original deal sold to LP (take or pay). ST-Whourly kept the difference between #531524 and #'s 531549, 531546. All deals were originally sourced under ST-NW. If you have questions, just let me know." williams-w3,The BMW is of course a 1992! Priced at only $9900!!! How could you not buy it. williams-w3,"Kourtney, Per our conversation, ECTRT should receive congestion revenue for HE 2, HE 23 and HE 24. All congestion revenue was across Path 15. All revenue was at $248. Volumes were as follows: HE 2 8 mws HE 23 38 mws HE 24 30 mws HE 24 20 mws Total volume was 96 mws at $248, revenue should be $23808. Please see me with any questions. Thanks" williams-w3,"Group, Beginning tomorrow, August 25th, we will be scheduling for California on Saturday and Sunday. Serena has put together a training manual outlining the process. The ST-CALI group will be on call to answer any questions or to help us handle cuts. This should be a simple integration into our Saturday and Sunday shifts. Please see me with questions, and be prepared with comments and/or concerns for our meeting the first week of September." williams-w3,"Mr. Kuehn... I like the BridgePort idea, unsure about the Food idea at ZOOP. What did you have in mind? Nate Stanton gave me a call today...we could invite him and folks from work...either way I am cool...also bear in mind that my place has no furniture... JOY!" williams-w3,"Guys, You can find out the information you need on the website. The website is www.wscc.com, click on certification and training, scroll down to the Schedulers Course manual. Print off the schedulers course manual and study it. You will be tested on the material, a pre-test and a post-test. (note:you will need to access the site in Explorer to get the manuals). You can call telephone# 801-582-0353 to get information on the scheduler's course (this is the main-line to WSCC so you will have to ask around a bit). Please arrange for those on night shift to get in about 15-25 minutes early so you can leave at 5:10 on the 13th." williams-w3,"Group, We will be covering for Enron Canada Corp as stated below. All submissions will have to be faxed to the Power Pool as we do not have a working digital certificate. Call me with any questions." williams-w3,Apparently not. The EPE preschedule sheet had a 25 mw lending position in... We'll have to work with the preschedulers to get it squared away. williams-w3,"Kate, We are short 3 pieces tomorrow at $27.20, $28.00, and a piece at the ST-CALI index. We are also long HE2 through HE5 at PV, 20 mws parked with PNM at $16. Deal #'s are-823620, 823657--we will be out in position manager for these" williams-w3,"Group, STWBOM is short tomorrow (07/31/01) on Peak in SP-15. We are short 25 mws at $51.74. STCALI is short 4 mws(?) on peak in SP-15 at $51.74. ST-CALI is long 24 mws off peak at a price of $25. If you have questions, just let me know." williams-w3,"John, Thank you for the letter and for the resume. I will be putting them in front of Julie Kearney in our HR department and will be getting the process started. I am still waiting to see exactly what the needs for my group will be, but should have a better idea in a few days. I will be in touch." williams-w3,"Julie, I received this message yesterday from a student group at the University of Washington. Do you still want some to go to Seattle and stir up interest?" williams-w3,"Lisa, Please do not charge EPE the $0.25 scheduling fee on EPE lending or parking with us or ST-SW. Questions? Just ask." williams-w3,"Stewart, Just a quick heads up. SMUD used enron online today and sold ust a total of 125 mws. Thanks for the good work!" williams-w3,"Nikki, Hello, how are things going? Hope you've caught up on your sleep from California. That's what I am going to work on this afternoon so I can enjoy the weekend. I am so glad the week is over. I am exhausted. Nothing like if I had worked 92 hours though. Sorry to hear you only have the night of the 3rd open. Hopefully you are getting to spend more time in the city of Portland than just one afternoon. There's just too much to do here to only spend one afternoon. As for where to stay, there's a bunch of hotels out at the airport, or you can stay downtown. I can take you out to the airport in the morning if you need as I will not be working on the 4th of July. Give me a call if you have a chance and have a good weekend." williams-w3,"Sean, Just to follow-up from yesterday. Two key real-time customers would be MPC (load balancing agreement) and EPE (power ""consulting"" agreement). Other customers such as LV Cogen and Valley are important, but they do not provide the market information or the opportunities of these two. As soon as we have something tangible regarding a new company (and likely before), I think we need to visit these customers and get them back. Ideas?" williams-w3,We are long 25 mws in NP-15 at $54 for HE 7-22. This is under the ST-WBOM line in CAPS. We are long at $54.00 Call me with any questions... williams-w3,I will be out of the office from Wednesday through Friday. Please refer trading questions to Ryan Slinger or call me on my cell phone...503-887-3449. williams-w3,"Kate, We are short 2 pieces of BOM at SP-15 7-22. Price of $27.20 and $28.00. We are also short 1 daily piece in SP-15 at the ST-CALI index price." williams-w3,"Jason, Good afternoon. I am contacting you regarding activating a pass to the Employee Store. I did product testing for you in late spring (for soccer). I would like to activate the pass for tomorrow, December 14th, if possible. I recognize this is short notice but if this would be possible please give me a call back at 503-887-3449. I would like to have my parents attend as well. Their names are Bill and Joy Williams. I appreciate your help." williams-w3,"Group, We have 25 mws of length in the BOM book at $56 again for 06/14/01 on peak. This energy is in NP-15. Please make deals under ST-WBOM. ST-CALI has another 5 mws each hour on peak in NP-15. See CAPS for other information." williams-w3,These schedule changes must be called in. Just a reminder. williams-w3,"Jessica, Please remove me from this list. I am not involved with the management of anyone in this pool." williams-w3,"Darin, I need you to send emails regarding our disputes to myself and Kate Symes. Please do NOT send emails regarding our disputes to our customers--El Paso or others. Also, my email is bill.williams.iii@enron.com. I appreciate the email, but I had to receive it from our customer. Let's set up a time to meet and run through some things on Sunday or Monday morning. Give me a call on my cell phone on Saturday when you have a chance." williams-w3,"Bert, I put all the names in a hat...and you are the man...please revise the schedule and redistribute it with yourself attending the trip... Enjoy!" williams-w3,"Group, A quick reminder. All El Paso Electric Deals and related deals for El Paso Electric (ie buying from SRP selling to EPE--anything with a group of EPEC in Enpower) need to be in MST. These deals should be scheduled in MST on the deal scheduling portion of Enpower as well." williams-w3,"Heather, On the new deal summary for 07/23/01, I changed the El Paso Electric deal #697528 price from $4 to $68. I should not receive the $25524.54 as revenue shown in the new deal summary. Is there any way to recalculate this (or simply zero it out) prior to the morning flash? Let me know what I can do to help." williams-w3,"Yo!!! It's cold, its wet, its raining. But at least in Portland we have F-15 fighter jets being scrambled over the city. Gotta love it. what's the word. Drop me a line on the cellular--(503) 887-3449." williams-w3,"Group, Volume management needs us to create customer finals by 3AM each night in CAPS or FSP. The details are below. Please see me with feedback or questions." williams-w3,"Things have definitely been difficult over here. In truth, I may have underestimated how prepared our systems and the folks in our group were to move dramatically greater volumes. We are moving through a period of adjustment and should be back on track by tomorrow. So Kate probably is not any more stressed out than anyone else. She probably just shows it a bit more. We shouldn't be holding you guys back too much longer. My apologies for the delay." williams-w3,"Chip, As we figured out a couple of weeks ago, most of our ADS cards have expired. We were then using Brett Hunsucker's card. If you remember, we were waiting on the CAISO to send us new cards and new passwords about two weeks ago. Unfortunately Brett's card appears to have expired this morning as we can no longer log in. We are consequently unable to communicate with the CAISO over the ADS. We may now be in violation of our participating generator agreement with the CAISO. Is there something that I can do to speed this process, perhaps lodge a complaint with the CAISO or our client rep? Do you have any ETA from the CAISO on our cards and passwords? All your help is appreciated." williams-w3,"Monika, I have attached your review, for our conference call tomorrow morning at 10 AM Houston time. Talk to you then." williams-w3,"Good email Kate. Nice work. Way to get after ""it""!" williams-w3,"Paul, Here is an updated version of the agreement I sent to Steve on Friday. Sorry I didn't cc you to start with. It's pretty much exactly as we discussed. Let me know if you have any questions." williams-w3,"There will be a Real-Time Group Meeting on July 9th at 4:30. We will be discussing new Ferc Rules, Dispute Management, Group Changes and Cuts. Please let me know immediately if you will be unable to attend." williams-w3,"Geir, I need to get a working cell phone number for you. I tried to reach you at home today regarding the postponement of our meeting. Please give me a call or send me an email with your contact info." williams-w3,"Cindy, Please...remove me from your list. I am not involved with security, in Houston or otherwise, and can not help you obtain a security badge." williams-w3,"Group, We have purchased 50 mws from LV Cogen for HE 8, HE 9 and HE 10 at $35. We will need to buy transmission from NEVP from Nevada system to Mead 230 and then into the CAISO for HE 8 thru HE 10. This energy can go towards the ST-CALI and ST-WBOM short in SP-15. I will do enpower for these deals when I arrive in the morning. Remember to give NEVP 2 hours of notice-maybe even 2 and a half...Please call me with any questions." williams-w3,"The new column on the services sheet regards energy that we may need to market but that is not prescheduled, usually in the off peak hours...Call with any questions. Home number is 503-274-0502" williams-w3,"John, Thanks for the timely note. PRC is today. Much appreciated." williams-w3,"David, Try to make sure you get these to me rather than to my Dad. I think he is starting to get annoyed." williams-w3,"Cara, Sounds good but...we had to change the night to November 30th...I'm sorry. Hopefully it still works for you guys. Did you want to get rooms as well. If so just speak with Jill Chatterton. More to follow." williams-w3,Good morning. Hope your new year is off to a great start! williams-w3,Nice Job! Looks good! williams-w3,"Group, We are still short 50 mws in ST-WBOM on peak Friday and Saturday at $27.60. For Friday only (as of right now) I have picked up 10 mws of energy flat (24hr schedule). I bought this energy from the APX-deal #840719 at $25. We will be long 10 mws each hour in position manager in SP-15 as a result. Please sell this energy in the off-peak (on-peak will go to fill our W-BOM short). I have scheduled an HA 24 purchase from the APX 1 and have put the energy into the ST-WBOM load zone. Do call with questions. Cell: 503-887-3449 Home: 503-274-0502" williams-w3,"Group, I have copied in a note from Roger at EPE. As you can see they are placing a VERY high importance on economic dispatch of the units. Please be aware that every move with regards to marketing and running their system is under EXTREME scrutiny. Please call me before you call our customer." williams-w3,"Jim and Darren, We relieved Path 15 congestion for HE 7 on Saturday morning. We flowed 10 mws from Malin to FC345. This resulted in the 10 mw ""variance"" in the report. I have added deals to Enpower to flatten the report, these deals are only necessary for the sake of the report. The identical variance in the north and south indicates a wheel or load shift. I prefer to not enter these extra deals. Please see me with questions if you do not understand why the report variance exists." williams-w3,"Grace, Could you sign me up for the bus pass. I am selling my car and no longer need the parking." williams-w3,"For all cuts the following procedures apply... 1.) Notes as usual 2.) In the Enpower Path Confirmation, we need to make cuts as Path Confirms. Enter comments in the confirmed section. We will be zeroing Enpower deals out on Monday (hint: NOTES are VERY important--All CUTS must be notated and the notes must be put in the accordion folders). 3.) Try to have the counterparties continue any paths around us. Just ""bow out"" gracefully if you have no other options with the words ""L - D's."" 4.) If we are cut by a generator/utility going into California, we must call the HA desk at California and tell them the increment that we will be underscheduling our load by. For example, EPE will be cutting all schedules going into California on light load (100 mws). If we cannot resupply the schedules we need to tell the state that we are underscheduling our load by 100 mws. THIS IS EXTREMELY IMPORTANT. We have posted an LC with Cali for this reason. Also, EPE will be long RT 100 mws off-peak as they are no longer selling to us. 25 mws should be sold to TEP to cover a forward schedule. Stacy has set this up at PV. Please do this as a direct bill with EPE. As of Jan 01, 2002 we will no longer be marketing for EPE. Also, PV#3 will be coming off this weekend, and FC#4 will be down from HE 22 on Saturday through HE 06 on Sunday. This will probably not be a fun weekend. I appreciate your help." williams-w3,"Group- We are currently owed money by CERS (approximately $100,000). We need to net this to a zero by Friday. It is very important that each of you call CERS and purchase energy from them to net this position out. Otherwise--we will see a loss of $100,000. Let's make this problem go away." williams-w3,WAY TO GO BIG!!! Good job...nice accomplishment. Much props! williams-w3,"Heather, We had some double deal-entry last night under the ST-WBOM book. Consequently I zeroed the following deals out this morning after receiving the DPR and running a BOM SAR. The deals are as follows: 665907 (buy from imbalance), and 665913 (sell to PowerX). The extra sale to PowerX provided the excess $10,875 of revenue. I apologize for our mistake. Let me know if you have any questions." williams-w3,"Dude-- It was $5. My total bet for the game was $40. $5 to you, $20 to Porter, $15 to Mark Fisher. Come on...don't try to run me over. The gloating has to be worth $5." williams-w3,"Tim, Per our conversation on Friday regarding the WBOM book, I will limit spreads to 50 with a net of 25 open. If you have any questions or have further feedback, just let me know." williams-w3,"Kate, This looks good and is well written. Send away." williams-w3,"Group, Two totally different issues for you. First: When scheduling transmission on Portland General Electric from John Day to Malin we MUST use deal #146517, we MUST make the price zero. We extend this deal in scheduling and change the delivery points. We then make an annuity to ST-NW for losses. Easy. Second: For the third time in two weeks the behavior of the Real-Time Group after 6 PM has been brought up. We will talk more regarding this in our meeting next week. It is important to note that we need to remain within the bounds of professional behavior at all times. Enron has a zero tolerance policy regarding harassment (language or behavior that offends or belittles others). Thanks for your attention." williams-w3,"Guys, Great job on the cong last night but the EPE reconciliation sheet was not done. Even if there are no variances, please complete the July EPE Reconciliation sheet going forward. Houston will assume that no one ran the CARP if the sheet has no entries." williams-w3,"D'Ann, This needs to go to Bill Williams, not Bill Williams III. The difference is subtle but is rather important if you want the correct person to receive your message. Please make the appropriate change in your contact lists and address book." williams-w3,"Kate, It is the end of the month and just like everyone else in your group you are needed to be at work at certain times. Granted, renewed motivation can be a great thing to help you attack various job functions with vigor, and I am a big believer in it. We have in the past discussed that I would prefer that you take personal days/vacation days in the middle of the month and at the end of the week. If you would like to plan a longer vacation in advance, again like everyone else in your group, please just let me know. I appreciate your understanding." williams-w3,"Fran, If this deal was zeroed out (and it has been after the fact), then we should also have received a credit for no longer buying from MPC (the other side of the deal, deal #549160). We should only lose $40 (the net difference). Any ideas?" williams-w3,"John, How was Austin? Did you get the rest and relaxation you were looking for? How about golf? Everyone has only ever had good things to say about Austin. Audi TT? NICE pick. Is that a 6-speed? Only 23,000 miles is pretty sweet and the color is right (matches the 400E). Next time I am down there (?) you'll have to provide a demonstration. I am really getting the urge to lose my 525 (this seems to happen about every 6 months), I have only driven it once since I moved (about 5 miles total). Kind of hard to justify $+500 a month for car, insurance and parking when I drive it 20 miles in a month (just not very cost effective). An old 2002tii would only cost me parking and insurance (and my pride). Other ideas? So I am in the new place. It's great! Perfect location (just no parking), and I get way more sleep (til 5!). Its got a pretty solid view and feels much bigger than it is because of all the windows. Now if I could just get some furniture...maybe a table..." williams-w3,"Scott, I had not heard from you in a while and was wandering what you might be up to? Still in Seattle? Coming down to Portland anytime soon? Let me know. word." williams-w3,"Group, The Enron Derivatives II will be on Wednesday and Thursday, November 14th and 15th. The class is open to those who took Derivatives I earlier this year. Please see me or send me an email if you are interested and we will make scheduling arrangements." williams-w3,"Alan, I just received this from our client rep detailing their position. As expected they are treating the Stage 1 as ending at 11:32 rather than HE 23 as stated on May 31 in both their website and on their message net. I would like to get FERC's position on this if necessary. If it is $91.87 rather than $108.49 as indicated in the FERC order, we will use that as a cap as soon as FERC (or you) recommends it." williams-w3,"Amy, I added a sentence describing the potential for this position to be temporary. Please see me with any questions." williams-w3,"Kate, We are missing an ID-S from ST-WBOM to ST-CALI for Saturday. We sold 50 mws to ST-CALI at $42.89. This should be the same as Friday's deal #683947. We either need a new deal for Saturday or need to make Friday's on-peak deal carry over into Saturday. If you are changing the Friday deal you need to do it before the flash, otherwise if you make a new deal for Saturday you should have some time. Thanks for the help." williams-w3,I know Jim. You guys are doing well. williams-w3,"What do you mean adjust our system according to MPC's numbers until you do? Are we correct? If the answer is yes. Tell MPC we are correct, we have checked out with our counterparties (thereby verifying our incredible correctness), but..because we love them so much...we will...this time only...take it in the proverbial shorts. Next time...it will of course...be there turn... Good luck and thanks for your help." williams-w3,"Virginia, I also had a question on a PMA from January. On TransAlta deal #509285, your notes indicate that mw volumes for HE 23 and HE 24 were reduced by 95 mws each hour. Enpower and the inc sheet do not reflect this change. The PMA indicates a charge of $42750 for a reduction in our purchase from Transalta. Why would we receive a charge for a reduction in purchased energy (ie. less money from us to Transalta)? There is no indication of a reduction in volume on the other side of the trade (sale to Sempra-Deal#509277). Please come see me when you have a chance. I think we need to go through this." williams-w3,"Karen, You must change your e-mail list for Bill Williams. Please send this to bill.williams@enron.com. Not bill.williams.III@enron.com. Subtle difference. But if you consider your information worthy of review - please make the e-mail change." williams-w3,"Kysa, This is totally inappropriate and HIGHLY unprofessional. In these difficult times we need to continue to put forth and display Enron's core values: Respect, Integrity, Communication and Excellence. I look for this in each one of my coworkers and for every member of the real-time team. Please see what you can do to better respect Kate's feelings and the effort she puts in each day." williams-w3,"Tim, I have been approached by 3 different groups regarding an HA or RT index in the West. I have decided against participating with TraderNews or PowerDex. I am considering participating with Dow Jones. I think a working index would help encourage liquidity through price discovery in real time. It should also provide an index to settle against financially for our desk and the Cash desks. I am working with Kate and our developement group upstairs to get the tools in place to participate in the Dow Jones index. I am still waiting for the confidentiality agreements from DJ and will be sending them to Steve Hall when they arrive. I have concerns that participating in this index may spread some of the value we obtain in making a market on EOL to our counterparties. I would appreciate your thoughts on this when you have an opportunity." williams-w3,"You can go ahead and talk to Fran...Also, how was you vaca? And I have some things for you to take care of from Thursday and this weekend when you have a chance." williams-w3,"If this works for you, please copy and paste it into your own email and send it on. Thanks- B Group, We are lending from El Paso Electric on Monday. We have sold 15 mws for HE 7-22 to ST-SW at $62.50. We are paying El Paso $4 for the service to lend from their system. The sell to ST-SW is under the ST-WBOM book (#696314), the purchase from EPE is also under the WBOM book (deal #696315-note the price will be changed to $4 on Monday from $56). Please buy energy to cover this 15 mw short on Monday under the ST-WBOM book and sell to EPE at $0 under the ST-WBOM book. The deal is physically prescheduled going out from EPE. We need to schedule the 15 mw going to EPE. Please do NOT buy from EPE in the morning even though they may be fat. We are hoping to do more lending with EPE going forward and therefore need to make this as easy as possible for their dispatchers (do not bring up lending to them-it will lead to unnecessary confusion). If you have any questions concerning this procedure please call me. 503-887-3449 (c) or 503-274-0502 (h)." williams-w3,"Jill, Could you look into my concur expense login/password. I am at a class today and need to approve these expense reports in the system. However,I cannot access the system. I am not sure if this is related to our floor wide network problems or what. Also, we are a go for Edgefield. You and I just need to talk about the expense report." williams-w3,Definitely...to begin with he should be Michael Mier. Let me know what you need... williams-w3,"I spoke with Jim Danielson at MWD regarding this cut on 11/26. We did not deliver the 25 mws to MWD. Jim at MWD requested that we ""book out"" the cut with him at the contract price of the 25 mws. I entered a deal to buy 25 mws from MWD at the contract price ($113.00) deal #882054, and a deal to sell to Calpine to capture LD's ($113.00) deal #882064. I attempted to enter this in the cuts database but got several errors and do not have confidence that this occurred. Please let me know if you have any questions." williams-w3,"Please go to this site, then print the map out in color. I cannot print to Valena currently." williams-w3,"Group, Recently there have been complaints regarding chew in the kitchen sink, chew scattered around the edge of garbage cans, and chew spit cups left on desks. Although we are not the only group that uses tobacco products, we are the most visible. The relaxed atmosphere of the group is a priviledge and I expect each person in the group to be responsible for the appearance of our desk and the perception of our desk by others on the floor. Leaving chew spit cups on other desks or throwing chew in the sink is unacceptable. It is a simple thing." williams-w3,"Group, We are long 25 mws 7-22 on Monday in SP-15 at $65. Deals should be under ST-WBOM. We are also long 25 mws under the ST-CALI book. Please be sure to put this in the service sheet. Other ST-CALI length or EES shorts will be on Phil Platters sheet and in CAPS." williams-w3,"Sweet. Thanks for the call last night...Brad should be awesome. Where is it at? Let me know how your ""evening"" with Rachel goes." williams-w3,"Kate, I think we need to enter the buy from EPE flat to our day ahead sale to STSW. Otherwise the new deal sheet shows revenue that we did no receive." williams-w3,Thanks for reserving the room. I will not need any food ordered. williams-w3,"Kate, I will not have time today. Perhaps it can wait till tomorrow." williams-w3,"Kate, How do I get David removed from schedule crawler? Could you help me with this." williams-w3,Accused? Easy there. RT is clean. Just like you said...all with the tags and the up and up! williams-w3,"Murray, We tally up our exposure each day based on the California flash. Our monthly exposure can be found at P:\RealTime\Exposure\August Exposure. We are keeping a very close eye on it." williams-w3,ONE MORE TIME! DO NOT SELL BELOW $15 FOR EL PASO WITHOUT RAMPING DOWN FOUR CORNERS! READ THE INSTRUCTIONS ON THE GENERATION DISPATCH. Do NOT let this happen again. See me or another experienced member of the group with questions or concerns. williams-w3,"Group, We are short 50 mws in ST-WBOM at $42.88 for HE 7-22 Friday and Saturday in SP-15. I have picked up some shaped mws from the APX for the afternoon peak on Friday. These pieces will need to be scheduled with the APX as the counterparty for HE 12-20. HE 12: 26 mws HE 13: 23 mws HE 14: 20 mws HE 15: 17 mws HE 16: 18 mws HE 17: 16 mws HE 18: 17 mws HE 19: 20 mws HE 20: 19 mws Price is $35. ST-CALI is also 25 mws short both days on-peak." williams-w3,"Jim, Harbor and Martel were declined with the CISO for 06/08/01 HE 1 and HE 2. The reasons: for Harbor the CISO inc'd them to 10, and ignored their operating limits as entered at 60 and 80. Martel was inc'd but could not ramp up. Both bids were properly entered by were ignored by the CISO. Delano was incd'd and dec'd several times in the morning and was able to respond. Let me know if you have any other questions." williams-w3,"Jim, We have congestion revenue again for 08_07. We moved 272 mws at $194. Total revenue should be $52768." williams-w3,"Sophie, I think you have the wrong Bill Williams as I do not work in Houston or know Erin Copeland. Please remove me from your distribution list." williams-w3,"Cindy, Please remove my name from whatever list you might have. I work in Portland and am not involved with security clearance or security access." williams-w3,Thanks for the work Bob. I will see you on the 27th at PDX. williams-w3,"Group, We will have an emergency meeting on Monday, November 26th at 4 PM. We will be going live on EOL for HE 7-22 on Monday. We will be discussing EOL trading, the new confirmation workspace in Enpower, business practice changes, and the Dynegy merger. Please make plans to attend. Contact me as soon as you can if you think you may not be able to make it." williams-w3,"Group, Another update on the situation with California. Check out the letter. Good questions..." williams-w3,"David, I have made some revisions to the budget after spending some time with Amy Fitzpatrick in our HR department. Obviously this is a loose plan (the headcount for the RT group changes frequently)...but it should prove a bit more accurate than nothing. If you have any questions please just let me know. You can call me here at work at 503-464-3730 or on my cell phone at 503-887-3449." williams-w3,"Chris, I have some information regarding our payment to MPC that you and I discussed yesterday. Apparently we cut them a check for $19,937.35 (or thereabouts). The check no. is 9600043219. The check was cut on 01/15/02. MPC does not know why they received this payment. Rich Bruegger is my contact at MPC. Please let me know what I can do to help." williams-w3,"Group, I can now be reached with email outside of work at wwilliamsiii@palm.net This should work even if my cell does not. [mailto:wwilliamsiii@palm.net]" williams-w3,"Dave, I need your help with some Enpower applications. Please give me a call as soon as you have an opportunity. By the way...I sure hope your Longhorns do NOT end up matched against my Huskies...ouch!" williams-w3,"Group, David Porter will be moving to the Utility Risk Management group with Enron Energy Services beginning Tuesday October 23. Please join me in thanking David for his effort in the real-time group over the past year (especially the 24-hour long shift), and wishing him good luck in his new position. Stay tuned for a ""going away"" party for Dave in the near future." williams-w3,"Todd, From an information standpoint this looks good. I would recommend using an appendix for the WSCC members, the FERC ruling, the NERC glossary and any other lengthy terms or charts. You might look to organize the paper from a broad overview of the electrical market in the west (including basic descriptions, timelines, fundamentals, etc.) down to a specific description of what you did at Enron. The content of the paper looks good and I am comfortable with you submitting what you have. If you need any thing else regarding your paper just let me know." williams-w3,"Group, We are long 25 mws on peak for 06/27/01 in SP-15. This should be in CAPS under ST-WBOM, deals should be under ST-WBOM in Enpower as well." williams-w3,There will be a 100 mw schedule delivered at COB to NCPA going on NCPA rights into NP-15. Phil Platter will be scheduling the purchase from NCPA in CAPS and submitting an HA 24 schedule. BE sure to watch what is in your templates in the morning. The ST-NW desk will also be short day-ahead to PGE for Friday and Saturday. Diana will be sending an email. Please call me with questions. williams-w3,One more time. We have also bought HE 21 and HE 22 from the APX. We bought 20 mws at $32 for HE 21 and 23 mws at $30 for HE 22. No more messages. williams-w3,"Important, CAISO computers down at 2 PM. Submit HE 17 and HE 18 before 2 PM." williams-w3,"John, Goodness! Great questions!..I could answer some in 5 minutes but others would be a 2 hour discourse. First, I did get both your resume and letter and have taken it to our Human Resources department. I currently have 11 people on rotation(shift work), and 10 is the appropriate number for me to have on shift. One of my employees is interviewing for another opening on the floor on Friday and two others are looking to move. Julie Kearney (in our human resources department) will be gone today through Wednesday of next week. So by Thursday of next week we should be able to set up an interview schedule and go from there. I have answered a few of your questions in your email below. We can go over the others when we speak next. Thanks for the good questions. Bill : Jhadams69@aol.com [mailto:Jhadams69@aol.com] Sent: Monday, October 08, 2001 8:36 PM To: Williams III, Bill Subject: Homework Hi Bill - I read through the stuff you gave me and I do have a few questions... First, did you get my resume and letter, and did they download OK? I am looking forward to the interview and, assuming I do well, am anxious to get started. So let me know about a timeline when you can, please. What kind of affect will a west-wide RTO have on Enron? I saw in a couple of the newsletters that FERC is pushing hard for it. -A west wide RTO is very good for Enron as it would facilitate moving energy around the grid and contribute to marketing efficiency. ""Wood also proposes FERC initiate a rulemaking on market design and structure, to translate the eight RTO functions in Order No. 2000 into concrete protocols for the RTO organizations."" Is there anywhere I can find out what the 8 RTO functions are? You should be able to find more information regarding RTO's on the nerc and ferc websites (national energy reliability council and federal energy regulatory commision) A lot of information in the newsletters was about natural gas and the volatility in its cost. Do you do any trading in gas? We do not trade gas on real-time, but some of the forward traders pick up gas positions to hedge themselves against price volatility on the power side. Canada -- New Alberta Power Plant. Do you move any Canadian electricity? We sell energy to Canadian entities frequently, though we do not schedule the energy into Canada. We deliver the energy to them at the BC-US border. The CPUC has suspended direct access switches. What kind of impact does this have on trading? How does California's Department of Water Resources and its liabilities fit into the mess in CA? This requires a bit more of an explanation than I have a chance for here. Northwest utilities claimed they took an unwarranted $500 million beating in the 6 months of high spot prices. A judge said they were ""just and fair."" Will the denial of this claim affect the trading floor? Yes, it means we do not have to spend months unwinding trades. In short, its good for Enron--and everyone else who bought and sold energy in the NW. Enron and PGE... There is a pending sale of PGE to NWN. Will this have any effect on you? To put it bluntly, will you still be able to hire from the outside? Will the sale do anything to the $100 million line of credit that PGE obtained from Enron? The sale to NW natural will not affect us other than driving up our stock price. How close are we to having BPA's transmission system under FERC jurisdiction? What does Enron think of that, or do they care? Dynegy, Exelon, Entergy, Cinergy -- who are these guys? Dynegy and Exelon are power companies (like Enron)-Entergy and Cinergy are trading regions. And we would love to have BPA under FERC jurisdiction but it will likely not happen soon. ""Exelon said ... it would reduce its ... 2001 estimates due to power market volatility and ... it would cut an (additional) 450 positions."" Does Enron employment fluctuate with the market, or did Exelon just do a shitty job? That would be the latter. SoCalEd owes Enron a bunch of money. What happens if it goes bankrupt? How does that affect Enron overall, and would it change the daily trading process? -Bankruptcy of SCE would not affect our trading, but I am not aware of what our exposure to SCE is. I believe it is minimal on the trading desk. Tell me about Qualifying Facility (QF) suppliers. This will take a while. How will ""green power"" enter into your mix? It doesn't yet. ""Green power"" just makes Oregonians and those in Northern California feel good. ""Cal-ISO's director of grid planning ... testified that the cost (of 1500 MW of new capacity) is justified as a way to prevent power sellers' market power and to deal with drought conditions in the PNW and CA that limit hydroelectricity production. Those two issues loomed large as contributing factors in CA's energy crisis..."" As California creates new capacity, will that impact the ability of traders to do what they do, or will they just have more power to deal with? A long or short market is just a part of trading. For example, the market is currently experiencing some unit outages and has exhibited some volatility as a result. There is still a ton of capacity and the market is not moving as drastically as it might have. All for now. Thanks for the information. The acronyms are incredible. It was like these things were written in a foreign language. Looking forward to hearing from you. The acronyms are incredible, but they all make sense after a while." williams-w3,"Jim, We also received congestion revenue for HE 10 through HE 18. HE18-although it shows nothing from the CAISO on their site (their server went down) is the same as HE17-the CAISO specifically relayed this to me on a recorded line." williams-w3,The Short Term West Hourly presentation is now in the O drive. Thanks for the email... williams-w3,"I appreciate the goals and accomplishments, I was looking more for a quick outline of duties. This should work though." williams-w3,"Alan, Can we meet today and discuss the pros and cons of this order. I will be available as soon as you are ready..." williams-w3,Thanks for the information Heather. This looks good and useful. Would you have any information on what tools we used to settle? Or was it all a manual process? williams-w3,This should go to Bill Williams. Not Bill Williams IIII. williams-w3,"Kate, Good morning, hope you had a good weekend. I have run the SAR for Friday's West-BOM piece. The SAR and INC sheet are matching if the 42 mw purchase from the imbalance at $44 is factored in--Remember, we were cut for HE 10 when Palo Verde 2 went down, this is a RT cut and is not in CAPS. Please make sure that the $44 is accounted for under ST-WBOM in the Volume Management flash. You may want to walk over and ""remind"" them of this. I am running the SAR for Saturday through Monday. Hopefully everything will work. If you need anything over the next few days, give me a call on my cell. John Anderson will be in at 8. Could you also look into getting him set up with his access to our systems." williams-w3,"Group, A quick note regarding Pace transmission reservations on their oasis sites. We have recently paid PACE $57,000 for transmission in May that we reserved but did not flow. PACE says that their transmission is on a take or pay basis. My contention is that we may have reserved the transmission, but then attempted to remove it immediately (wrong hour, wrong mw value on the submission etc.) and were unable to, or were told by the dispatcher that the dispatcher would take care of it. Then nothing happens. There are two things we need to do to prevent this. One: Submit our transactions correctly the first time. Then withdraw them immediately through the Pacificorp Oasis system if there is a problem. Two: Send me an email each time the dispatchers remove requests on our behalf, or if We/PAC are/is unable to take the request out of their computer system. Hopefully, this will prevent the extra charges, or give us a means to pull tapes and contest the charges. Thanks for your help in limiting these egregious expenses" williams-w3,"Bert, When buying from any desk on the floor, you should have a sale from that desk (say ST-CALI) to either WHourly or WBOM, then do enpower as normal. The interdesk sale will not pull up in scheduling and you will have to route the sale in Enpower to the physical buy by the other desk (another words...ST-CALI buys from imbalance, sells to WHourly/WBOM, then WHourly/WBOM sells to EPMICALPOOL, then WHourly/WBOM sells to EPE. Please let me know if you have questions." williams-w3,"Gentlemen, After discussion with Roger, the Four Corners Units 4 and 5 are NOT take or pay. This means that rather than selling from these units below the Lambda (unit cost is approximately $13), we should ramp them down. They should still be the last units down (Copper off, then the steamer, then FC's). Because of restrictions on the units you may not be able to ramp the units all the way down all the time. Also, be sure to work closely with the dispatchers to ramp the units back up in a timely fashion. I apologize for misinformation on my part regarding these units. If you have questions please see me, otherwise...spread the word." williams-w3,I will be out of the office visiting El Paso Electric and PNM through Friday evening. Please see Ryan with any questions regarding trading. I can be reached on my cell phone at 503-887-3449. williams-w3,"Actually Amy, I will not be able to attend on the 5th. Is there an alternate date?" williams-w3,"Matt, I like the Mcleod Resume the best. I have added some suggestions and provided a bit of feedback. Why don't you do another write-up and I'll go over it again. It looks like you have a good start. I will also proofread your cover letter or give you some ideas if you need them. Good luck." williams-w3,Thanks Kysa. Nice work. williams-w3,"Group, We are long 20 mws in SDG1 for HE 2 and HE 3. We are long 10 mws in SDG1 for HE 4 and HE 5. This cost us $7.50. We imported it from MEAD 230. We are also long 10 mws in NP-15 for HE 7-22 at $25. This is from Redding. Finally, ST-SW has extra transmission from PV to 4C and PV to Mead. You can query by Enron Power Marketing on the APS site to see what we have already purchased. If you need this transmission off-peak please use what we have already purchased. We can go over the Enpower when I get in in the morning." williams-w3,"Alan, I have a few questions regarding the emminent implementation of the new target pricing mechanism. 1. Does uninstructed energy still get paid (if not, we cannot hedge financials) 2. The CISO Table 1. lists an unintended consequence as "" Target price may be manipulated due to no obligation to deliver"" Why is there no obligation to deliver? 3. Is there still a load deviation penalty? Or would that be considered seperately? Thanks for the help." williams-w3,"Group, For those on night and day shift on Saturday/Sunday the emergency back-up generators will be tested. The testing will occur from 5 AM to 10 AM on Sunday morning. Dave Steiner has assured me that RT will be unaffected and Dave will be on hand to help if anything is needed. I think we should work to have everything submitted early to the CISO, tags made, etc. At least for HE 6, HE 7 and HE 8. This should give us some extra time if something goes wrong when they switch to the back-up power." williams-w3,We will not be needing any headsets in the real-time group... Thanks for checking. williams-w3,"Virginia, We have resolved almost all of the recent PMA sheet. The Tacoma/MPC deal is fine if its zeroed out for HE 3. I just need to have the cost zeroed out as well as the revenue. Currently only the revenue has been zeroed out and if I receive the credit for buying from MPC I am satisfied. Fran is aware of this. I am still having a problem with the WBOM $108,000 as you are aware. This would be the only outstanding PMA and whatever the problem is with our tools (if any) likely needs to be resolved. I appreciate your hard work on tracking down this $108,000. The risk sheet is on my desk." williams-w3,"Matt, Check this out, we got this from our managing director this morning...So is the Fremont bridge a target...how bout the I-5? Might want to pass this on to your mom and dad. By the way--your a wuss for skipping the high school playoff game... This just came to me today. This information is widely available to corporations and law enforcement around the country. It will likely hit the media in the next day or so. This is all the information that is available. Enron Corp. Business Controls/Corporate Security received the following information via the National Threat Warning system. While we do not wish to unduly alarm employees, the specificity of the information dictated immediate dissemination to our West Coast offices. THE FBI IS IN POSSESSION OF UNCORROBORATED INFORMATION INDICATING THE POSSIBILITY OF ADDITIONAL TERRORIST ATTACKS AGAINST THE UNITED STATES, SPECIFICALLY THE WEST COAST. REPORTEDLY, UNSPECIFIED GROUPS ARE TARGETING SUSPENSION BRIDGES ON THE WEST COAST. SIX INCIDENTS ARE TO TAKE PLACE DURING RUSH HOUR BEGINNING FRIDAY, NOVEMBER 2 AND CONTINUING THROUGH NOVEMBER 7, 2001. NO FURTHER INFORMATION ABOUT THIS ALLEGED ATTACK IS KNOWN AT THIS TIME. THE FBI IS ATTEMPTING TO VERIFY THE VALIDITY OF THIS REPORT. RECIPIENTS WILL BE UPDATED AS EVENTS WARRANT. RECIPIENTS WHO RECEIVE OR DEVELOP INFORMATION RELATED TO THIS MATTER SHOULD IMMEDIATELY CONTACT THEIR LOCAL FBI OFFICE. We will keep you apprised if we receive any further information. Thank you." williams-w3,"Dave, I have attached a revised budget forecast for 2002. The 2002 headcount (column D) is now correct at the top of the budget. I do not have a number from David Steiner yet regarding technology costs (row 107) but I am expecting it soon. Everything else is pretty much as you and I discussed earlier today. Please call me with any questions. Thank you for the help." williams-w3,"Alan, I just want to pass on the two names I had mentioned previously to you. Eric Linder and Steve Merriss. Their home numbers are 503-753-8716 and 503-241-3729 respectively. Both had worked for me for about 8-9 months. These are the only numbers I have for them as their cell phones have been canceled." williams-w3,NO!!!! You must live with gross tooth decay and bleeding gums. Yellow teeth and excessive plaque build-up are expected in Real-Time... williams-w3,"Good morning, We have had some changes in our real-time group at Enron and consequently I would like to request a password change for the following EPMI logins. Please notify me when these changes will be effective. 1.) real_time_epmiwe-- the current password is epmishift, I would like to change it to: huskies 2.) real_time_epmiwe2-- the current password is realtimers2, I would like to change it to: ducks 3.) real_time_epmiwe3-- the current password is oregon, I would like to change it to: beavers 4.) settlements-- the current password is settlements, I would like to change it to: cougars Thank you for your help with this. Bill Williams Manager, Short Term West Hourly Trading 503-464-3730 (w) 503-887-3449" williams-w3,"Group, A reminder. My email address is bill.williams.iii@enron.com. Bill Williams III needs to appear in the outlook box, otherwise I do not receive the email. I should be copied on the EES sheets, and any cut notes to volume managament, the services desk, or other traders. Thank you for making this correction." williams-w3,"Leslie, This looks good to me. Thanks for the update." williams-w3,"Good morning, I would like to obtain Global Trader ID's for the following traders on the Short Term West Hourly desk in Portland, Oregon. They will be using EnronOnline beginning next week, Nov. 26th. Bert Meyers Mark Guzman Leaf Harasin Eric Linder Steve Merriss Craig Dean Please call me with any questions. I can be reached at 503-464-3730 or on my cell phone at 503-887-3449. Thank you for your help. Bill" williams-w3,These look good from my end. Thank you for the update. williams-w3,"Geir, Avista put in the 100 mw sale at $70 for HE 1. BPA and CAISO accepted the schedule. I have changed enpower deal #727620 (SCL) to a zero for HE 1, and enpower deal #727622 (Avista) to 250 mws from 150 mws for HE 1. Good work on getting this schedule taken care of." williams-w3,"Nikki, Thanks for the note and I hope your doing well. You're right, sometimes introductions sound more like the presentation of a resume than a letter...but I think you pulled it off. I was able to close on my condo last weekend. It was a tremendous pain with a bit of the last minute run-around, but I finally got moved in on Friday night. I don't know about my neighbors yet as I am the only one moved in on my floor so far. The seller is still finishing the renovation of the place...they are converting it from an old hotel. My condo is about 8 blocks from my office downtown, so it was great to roll out of bed this morning and be able to walk to work. Like you, I am not sure what Brendan might have told you about me...so here goes. I was born on the east coast (Connecticut), moved around for a while, and eventually was towed out to southwest Washington by my parents. I went to highschool in Kelso (this is where I met and then graduated with Brendan). Then went to college at University of Washington in Seattle. College was good, if a bit long. I received a degree in Metallurgical engineering and worked as an engineer in Portland for a year doing failure and corrosion analysis (whoa!). A bit less than 2 years ago I started working with Enron as a trader, trading hourly electricity in the West. I started out on shift, but now manage the group and get to work a more normal schedule (usually 10-12 hours a day) during the week. I enjoy the job a ton, the market changes nearly every day and it beats the hell out of staring at a scanning electron microscope for 4 hours at a pop. With regards to your visit. I've been in Portland for a few years now, so I should be able to provide a fairly good guide service around the town. Depending on when you get here and how things go, we'll have to see if we can get you outside the city to some of the Mountains and the Coast. Astoria is about 2 hours away and it's a pretty scenic drive out there (especially if you're from New Mexico). If the weather's nice we might be able to check out some of the resevoirs and rivers around Mt. St. Helens and the gorge...good swimming, hiking etc. It should be a blast. Have you gotten any closer to firming up when you will be in town? I am pretty open at the start of July, and although it always rains on the 4th (EVERY single year), that's still a good time to be coming up. Besides, if you ever thought about moving here, you have to understand why its so green... It was good to hear from you, and if you have any questions you can give me a call at 503-887-3449. Take care." williams-w3,"Group, Effective October 1st...BPA transmission will be the following prices... BPA non-firm point to point (or network) will be $2.92 with 1.9% losses BPA non-firm on the intertie will be $3.34 with 3% losses Losses could be expected to add up to $5 of the total price--do not put losses into the purchase from BPA Transmission in Enpower--losses for BPA will be settled at the end of the month in a single annuity. Total price for MPC to CAISO at MALIN on BPA non-firm all the way will be $6.26 Total price for MPC to CAISO at NOB on BPA NON-FIRM all the way will be $6.26--Remember to check tranny sheet for PGE-tranny availability--WE HAVE NO MORE LT FIRM FROM BIG EDDY TO NOB-- SNOPud is charging $3.25 for point to point plus 1.9% losses." williams-w3,"Sorry to hear about Racheal...so the Bretts weren't gay? But what about Nancy... I haven't been to the Breakroom. I think I will be coming up to Seattle on either Friday afternoon or Saturday morning. I haven't decided yet. I am taking Friday off from work though...my birthday is on Thursday...isn't your birthday here in the tail end of August--or am I thinking of Chuck. Erica Price? from the dorms, rowed crew, tall, red hair, sometimes slightly neurotic?..that would be kind of fun to run into her, anyway...I'll get back to you when I figure out what the heck is going on. Later." williams-w3,"Kristie, Hello. How are you? What are you doing these days? I hope you are doing well. It has been a while to say the least, but the other day Brendan and I were talking about college and your name came up (oddly enough). I mentioned that I hadn't talked to you for over two years, and was curious what you were up to. Brendan said he might have your old email address, so I asked for it and figured I would drop you a note. I hope you don't mind. Anyway I am still living in Portland but I am no longer practicing metallurgical engineering. I began trading power about a year and a half ago for Enron. I now manage the west hourly power trading group. The job is great, very challenging and everchanging, though I don't believe my company is too popular down your way right now (you are in San Francisco, right?)... My job consumes my time, but I am still playing soccer and still riding that same loud red motorcycle around when I have a chance. I just bought my first home, its a condominium downtown next to the Portland Art Museum. The place is definitely small but has a lot of character. It was an old hotel, originally built in 1926, that has just been gutted and refurbished. It is about eight blocks from my office at the World Trade Center, so walking to work in the mornings is great. The city is still asleep and eerily quiet in the morning twilight when I walk to work. The walk helps wake me up and gets me prepared for the morning rush on the trading floor. So, if you have a chance drop me a line and let me know how you are. This email address of mine works (though everything on it is subject to subpoena by the good state of California), or you can give me a call at 503-887-3449. I'd love to hear from you and catch up a bit, as I often wonder what you are up to. Take care." williams-w3,"Group, EOL is off to a great start and is already becoming an integral part of the real-time market! Each person who has put in substantial extra time entering and reconciling deals deserves congratulations. I do recognize and appreciate the hard work. As always, there is more work to be done. We have had significant difficulty integrating the increased volume of EOL trades into our current business practice. Some members of the group have experienced limited success, others have experienced little to no success. A standardization in our process will benefit the entire group and will allow us to make consistent improvements as time goes on. So going forward. 1. All deals will be done under ST-Whourly. If there is lending, parking or a cut that corresponds to another book, we will make that deal for the entire strip (for example, W-BOM sells to EPE for HE 7-22--all one deal). We will then sell or buy the appropriate amount of energy from Whourly to that book (this interdesk deal will not be routed). We will do the interdesk transaction as one deal and will enter deal strips with pricing for each hour or hours where appropriate and will include transmission charges when necessary. In Enpower, use strips wherever possible...try to avoid extending deals in scheduling. 2. All imports and exports will be under the appropriate desk (for example ST-SW exporting from SP-15 to FC MUST be under ST-SW in CAPS). This will allow us to put everything under Whourly and have export/import fees paid for by the appropriate desk. Otherwise the Whourly book will be charged for wheeling and/or potentially congestion for other desks. When filling a Service customer (such as Wheelabrator or EES) we should pay for the import and export fees. 3. A ""skeleton"" of an inc sheet should be developed as soon as possible each day. Sales/purchases to or from EES should be made for the day and immediately input into the service sheet. Likewise...Service deals/Lending/Parking should be put into the sheet for the day where possible. I would like to implement all of these practices immediately. Effective HE 1 08/29/01, THIS is our new business practice. Spread the word. I am looking for more suggestions for improvements on our process. We will have a meeting on September 4 to discuss group direction and ideas for improvement. This will be an important meeting at 4 PM on Tuesday September 4th. Please plan to attend. See me at any time with suggestions or comments." williams-w3,"Stewart, I will be in El Paso visting EPE on the 20th. But I am very interested in discussing such an opportunity with NW service customers. Do they HAVE to come on the morning of the 20th or 21st? Could they come the morning of the 19th? Let's get together and talk regardless. Nice job on NCPA, I appreciate the hard work." williams-w3,"Darin, I liked the services portion of the night discussion note that you wrote on the 13th, but you need more information on sales on behalf of EPE for both HE 6 and HE 7...you need to explain any sales to marketers or utilities. I also need you to only sell to a marketer as last resort. A marketer is usually just flipping EPE's energy and is taking your spread. If you have any questions, just let me know. Otherwise keep up the good work!" williams-w3,"Group, There is a new schedule out for October. Please take a look at it. If you need to switch days, feel free. Please send Bert and I an email notifying us of the changes and be sure to write your changes on the schedule. Schedule changes need to be communicated for obvious reasons." williams-w3,"Jim, I just wanted to bring to your attention the volume of congestion that we relieved last night. It looks like 28 mws at $198 and 75 mws at $223.00. This should be at total revenue of $22,269.00. Please see me with any questions." williams-w3,"Dave, Thanks for the update and I appreciate the work. I understand that moving turrets, and reconfiguring desks takes time. Just let me know what I can do to help on moving turrets, or changing the RT desk configuration." williams-w3,"That's right, I forgot about QOTSA. Did you enjoy that CD? Your dad is coming in today to see the trading floor and then we are going to grab some lunch and talk about what we do here at the big E. I fly out at 4 on Friday afternoon... I guess Nikki is coming to Portland at the end of October...oh-oh." williams-w3,"Pretty much, its turning into the only day they have available for what we need...short of Thanksgiving weekend or late December...which is getting a bit close to the Holidays... What do you think? Is it a good way to end the month?" williams-w3,"Group, We have developed a process for tiering our bids and should do so going forward. Please use appropriate dollar and mw values. Below is JUST an example. When tiering, the top numbers (mw values) must be monotonically increasing and the last two numbers on the bottom of your tier ($ values) must be the same. IMPORT: 0 25 50 75 100 125 150 200 200.01 $49 $49 $74 99 149 174 199 249 249 EXPORT: 0 25 50 75 100 125 150 200 200.01 $0.1 $0.1 $0.1 $0.1 $0.1 $0.1 $0.1 $0.1 $0.1 *NOTE* If a tiered bid is entered incorrectly you will have to flow a large amount of mws for loss or no gain.*NOTE* Please see me with any questions before implementing tiered bids." williams-w3,"Group, We have had some issues with EpmiCalPool deals recently and I wanted to provide information for newer members of the group and a quick reminder for crusty veterans as we head into the Thanksgiving Holiday. I have also decided to change our protocol for entering multiple EpmiCalPool deals. Please pay special attention to #5 below. So, some basic rules about EpmiCalPool deals. 1. EpmiCalPool deals are BUY-RESALE deals--(a transmission deal will work but is not the preferred method) 2. We only BUY from the EpmiCalPool-no exceptions-. 3. EpmiCalPool deals have a $0 price in the buy and sell portions. Please do not enter a price on an EpmiCalPool deal. 4. EpmiCalPool deals must have a delivery point of an CISO tie point or an CISO congestion zone. Good delivery points would be: Malin, COB N/S, COB S/N, NOB N/S, NOB S/N, Cascade, Captain Jack, Summit, Four Corners 345, Mead 230, Paloverde, NP-15, ZP-26, SP-15. Bad delivery points would include: Mid-C, Hotsprings, Hidalgo, BC Border. 5. IMPORTANT CHANGES TO BUSINESS PRACTICE HERE EpmiCalPool deals are used to simulate the purchase of transmission from the California ISO. a.) If you have a wheel from tie point to tie point for example Malin to Four Corners for congestion management--than an EpmiCalPool deal from Malin to Four Corners would be appropriate. For seperate wheels from tie point to tie point we will NOT be putting in deals from Malin to NP-15, NP-15 to SP-15, and SP-15 to Four Corners. b.)However, from Congestion zone to congestion zone inside of California, or if you are moving tie point to a congestion zone--for example Malin to SP-15 we will need a Malin to NP-15 and NP-15 to SP-15. This will allow us to better capture congestion across congestion zones in California, and will prepare us for the move to FSP. 6. We will initiate this change in business practice HE 1 on Tuesday November 20th. Epmicalpool deals continue to provide problems with reports. Please see me with any questions." williams-w3,Go ahead and order everyone in the group who wants them the new phones. Those Eriksons are constantly breaking down. Let's get ahead of this curve. williams-w3,"Group, We will be taking over the dispatch of Enron Canada Corp.'s Sundance 3 and 4 units for the evenings of July 19-July 22 (beginning at 18:00 PDT and ending at 6:00 PDT every day, except July 20, where the start time will be 15:00 PDT). Here is a note of things to remember: ? SD3 will be coming down for maintenance July 20 at approximately 20:00 PDT. The plant will call with updates periodically. Please record this information in the dispatch log. This can be accessed through the 'Albertapower' site. Scroll down from Fundamentals to Admin, and at the bottom of the page is the dispatch log. The fundamentals site can be found at http://albertapower/xnav/default.htm ? SD4 has all of its power offered into the Pool at $5. That's 353MW @ $5. Therefore you shouldn't have to worry about dispatching the plant up and down. ? ECC's telephone line (403-974-6900) has been forwarded to your line for the required hours. You will receive phone calls from the power pool or the plant on this line. ? The number for the plant is 780-960-7803 and the number for the power pool is 403-233-7403. You will have to access the power pool ETS website in case an energy restatement of our Sundance units is needed. This most likely won't happen. In case it does, the site is www.powerpool.ab.ca. [You must Login (top right hand corner) as John A. Zufferli-this MUST be done on my computer. Click on ETS, then Submission.] - our passwords are not currently working...so... you can call the Alberta powerpool for help. You can then restate the offers of SD3 and SD4 as required. Unless something changes you will need to fax the resubmission to Alberta Power Pool and have them resubmit it. ? If you have any problems you can reach Bill Greenizan at 620-1180 or his pager at billgreenizan@epagenet.net. PLEASE CALL ME WITH QUESTIONS!" williams-w3,"Group, A quick reminder. The cell phones are for group member to group member usage. As such, calling between group members, and our 1-800-684-1336 number is free. We have 200 minutes each for use in calling other members of the West Desk on work related matters. Over the past two months we have greatly exceeded our allowable minutes per month. Some members of the group have exceeded their allotment by over 200 minutes per month! Group member to group member usage is approximately 45-90 minutes per month-and this is not calculated in the minutes used. If you want to use this phone as your only phone, let me know, and we will work out a calling and billing plan for you." williams-w3,"Chip, Could you help me put Enpower on my local computer? And my monitor keeps sleeping on the job." williams-w3,"Jill, I need information regarding our monthly cell phone costs. I would like to cap per employee costs at $50 per month on the group calling plan. Effective in October, I would like employees billed for any amount they have over $50 per month on their cell phone. If an employee needs more minutes I would like to structure a plan to allow them to purchase more minutes through us--with them paying the extra per month." williams-w3,"Greg, Sorry for the delay in getting you my accomplishments. I filled out the self-evaluation portion of the PRC back in May. I have attached my responses to the self-evaluation form. My accomplishments and more long-winded descriptions of what I do are in the attachment, by comparison my near-term goals for the next 6 months are pretty concise. 1. Continue to maximize the abilities of the group, and try to leave nothing on the table. 2. Minimize our settlements and disputes over Enpower mistakes, or other avoidable actions. 3. Continue to provide those in the group opportunities to improve themselves and get where they want to go in Enron. 4. Stay ahead of California with regards to political, legal and credit risk. 5. Work with middle-marketing and services groups to develop new opportunities. 6. Improve my education through SQL training and more advanced Derivatives training to better allow me to understand the fundamentals of the market and the movements of spreads relative to market fundamentals. I greatly enjoy my current position and look forward to the next 6 months. If you have any questions just let me know." williams-w3,"Steph, Good morning! How are you doing? It seems like I haven't seen you or Scott forever. Things are going well here in Portland. The bankruptcy of Enron has been a bit rough, but I am optimistic that the auction on January 11th will see the trading portion of our business bought out by a credit-worthy entity. If we are bought out, we should be back up and running by early spring. Right now, I am just working on systems upgrades and trying to learn as much as I can so we are ready to rip when we have credit again. Portland has been fun the past couple weeks, there are a few new clubs and living downtown continues to be a blast. I enjoy being able to walk everywhere and being downtown has really aided the Christmas shopping. I haven't been up to Seattle in a long time but I need to get up there. I am thinking about coming up for New Year's... any good ideas? Anyway, hope you are doing well and are all ready for the holidays. Take care," williams-w3,"Eric, I have forwarded this to Bill Williams. Please note that there is a subtle but important difference between the two email addresses. Please make the change in your address book." williams-w3,"Group, Here is some input from Tony at EPE regarding running their system. I think the EPE system was run very well on October 18th, but aside from that, this email shows how closely they are watching our performance and what they expect. Let's do our best to continue to provide them with good service." williams-w3,"Steve, Good looking notes this weekend. Both notes were very informative and detailed. I appreciate the good work." williams-w3,Sweet. Just grab me after lunch sometime I spose...if that works for you. williams-w3,"Stewart and Paul, I have heard that MPC has contracted with Avista to do their load balancing. Has anyone contacted MPC to discuss continuing or renewing our relationship with them in the future. MPC is likely month-to-month with Avista as they were with us. Has there been any progress with EPE? What are your expectations for retaining them? Of all our service customers these would be the only two I am truly concerned about getting back. I think we have seen significant revenue from both, more because of the information they provide then because of the fee structures. Please let me know if you have any questions, or if there is anything I can do to assist." williams-w3,B- I will only be in Albuquerque for like 4 hours Monday morning...so it doesn't look like I will have to much of a chance to meet up with you. Maybe an early afternoon brew... Emily Willis--huh--didn't you and her...oh yeah...I remember the flat tire. williams-w3,"Jack, Thank you for the call. Below are the names of the folks in our real-time group, they share the same phone and fax number. You can include me on this list as well. I appreciate your help with this." williams-w3,"Group, Dave Perrino will be providing us a presentation on losses during the second week of July (tenatively scheduled for the 11th at 4PM). There is some math/electrical engineering involved. I have attached the presentation that Dave will give. Please take about 10-15 minutes to get familiar with the presentation and prepare your questions." williams-w3,"You are correct, The EOL trades were not properly acccounted for. We need FSP 2000, not FSP 2002... I think we have it sorted out now though. But yeah, too much stress is never healthy...I don't know exactly what the deal is." williams-w3,I have also not been able to approve these. I do need those folks to have access... williams-w3,Of course. Deez nuts. williams-w3,"Elliot, I have attached the standard PEP review form. The last three categories regarding goal setting and objectives to be acheived still need to be completed. Feel free to add in any comments you might have in other sections as well. I will plan on meeting with Jesse and you early next week. If you have any questions just let me know." williams-w3,"Group, We have had some problems recently with the creation of HA finals, with SQL errors, and as a result we have not been able to run reports. If it is a weekend (or holiday), we first need to import DA finals and then create DA finals in CAPS. After this is done we can import HA finals, and create the HA report. If the boxes are not checked, the CISO may have missed publishing certain hours. Please look in the load zones to find what hour-ahead finals may not have been published, or where CAPS may have just missed pulling them in. Sometimes it helps to pull the missing hour-ahead finals in individually. Once all the finals are in the load zones and int. interchanges, you should be able to create the final report. Please give me a call if you have any questions." williams-w3,"Kourtney, Just a quick heads up for the flash. Path 26 was derated last night for HE 19 through HE 24. For HE 24 the price for congestion revenue was $247.98. We were awarded 218 mws of congestion relief by the CAISO. This should equal $54059.64 in congestion revenue to ECTRT. If you have any questions, please let me know." williams-w3,"Group, When tiering adjustment bids, the CAISO system will not read more than 10 bids. Also, remember to have the tier monotically increasing." williams-w3,"Jim, You can find HE 10 through 18 at the bottom of the November Service Sheet. This should be in the same location as the Trading sheet in the Inc sheet section. My understanding is that you were given a copy of the service sheet with the trading sheet yesterday morning. You should find probably another $60,000 maybe $70,000 at the bottom of the sheet. If you have any questions just let me know." williams-w3,"Brooklyn, Unfortunately the change to $290 was not the final price for deal #620476 on 05/23. It should be $295 for HE 15-17 and $290 for HE 18-19. I have checked Enpower and the sheet to make sure that they reflect these changes. If you have any questions, please let me know." williams-w3,Kate could you check with the trader on this. I really don't care if it is in or out. Let's try to wrap it up before or after the meeting. williams-w3,"Virginia, I have one question on this month's PMA and some questions from last month. First, for deal #549162, this deal was originally put in incorrectly as counterparty TacomaSupp. This counterparty was then changed to Tacomapubuit. Why does a change in counterparty result in a loss of revenue? Are we being charged for each counterparty again (like EES and ST-Cali last month), if so, we need to fix this flawed tool. Second, for last month, we determined that the WBOM book needs a $108,000 PMA for change in price. The appropriate price is in Enpower, but the revenue has never appeared (Deal #590753). Remember, this deal was originally input as a buy at $320 and a sell at $30 and liquidated at these prices. The deal is now at $320 and $300. What do we need to do to get this trued up? Please come see me with questions. Thank you for your help." williams-w3,This is the new CAISO calculation for ancillary service charges. Please look it over and let me know if you have any questions. williams-w3,"Holly, I think you have the wrong Bill Williams. I am in Portland and am not involved with card access." williams-w3,"Group, A quick reminder. After reviewing this weekend, we must begin adjust bidding for congestion at ALL tie points. We should be running wheels N-S and S-N across Path 15, the COI and NOB. We have lost significant revenue by failing to adjust bid our transactions. It is still fire season, and unit outages are resulting in unscheduled flow problems that are forcing congestion at different tie points and in different directions. Please check available ATC's on the CAISO site, and spend the time to manage our congestion risk. If you have questions, please ask. We need everyone up to speed on this quickly." williams-w3,"Michael, I think you intended to send this to Bill Williams in Technical Assets. Please note the difference in addresses and make the change." williams-w3,"Group, Please continue our policy of NOT buying energy from or selling energy to the California Imbalance. I do not feel comfortable with the many risks associated with these transactions at this time (financial, physical, legal, political). Please see me on an individual basis with questions or discussion regarding this." williams-w3,"Guys, We are missing the congestion revenue from HE 7 on Saturday morning (10 mws at $99.00) in the flash we received yesterday. Remember, the awarded congestion wheel caused the 10 mw variance we discussed on Monday. Please see me with questions." williams-w3,"Sean, Bobette from ""Powerdex"" wants to create an hourly index out west. Do you want to take a look at this and her template and give me your feedback. Would participation in this index accomplish anything for us? Let me know," williams-w3,The CAISO has a new website. The link below should take you there. Workspace can be accessed by clicking SCW. Congestion can be found under the Transmission tab on the far right. Please take some time to become familiar with the new site. williams-w3,"Darren, Could you meet with me regarding congestion revenue for 10/05? We had two wheels that were not in the inc sheet but were awarded by the CAISO and are in finals in CAPS. The wheels were EPMI_CISO_GREEN for HE 17 and HE 18. We were awarded 38.96 mws for HE 17 and 31.92 mws for HE 18. Both wheels were awarded at $54.90. We should receive revenue of $3891.31 from these wheels. Please give me a shout with questions." williams-w3,"Symes, One more index. This is the one I would like to participate in...if it works." williams-w3,"Group, A quick reminder. The night shift will average the sales price and make one strip for the on-peak piece.(so ST-WBOM will sell to ST-Whourly at x$ for HE7-22 then ST-Whourly does whatever it needs to do). If you have questions just let me know." williams-w3,"Kate, This is the last message from the total transfer capabilities folks. I would like you to find this information and distill the relevant information from it. We can go through what constitutes relevant information this afternoon. I am working on adding you to the market status list, this will provide you with market information regarding real-time derates or market orders. Finally, I would recommend printing the CAISO tariff off and reading it over the weekend or next few weeks. Boring, but important." williams-w3,"Guys, We are short for HE 21 through HE 23 at Malin. We are short at $40. The sale is to Pacificorp Power Marketing. 20 mws of the 50 is going to SMUD and 30 mws of the 50 is going to CERS. You can reference tag#'s 31892 and 31889. If you have any questions just give me a call on my cell phone." williams-w3,"Good morning, Yesterday for HE 10 and HE 11 we were cut Real Time by El Paso Electric on an import (EPMI_CISO_BLUE). The import was cut by 30 mws and 42 mws respectively. A purchase from the imbalance has been made. Also for HE 12, we bought back most of Harbor Cogeneration's schedule. Harbor was going to run for 20 mws but could not. We told Harbor that we would take the charge for them. Therefore, the -20 mws of generation deviation for Harbor needs to be allocated to ECTRT as Load Deviation. We put in a purchase of 20 mws from the imbalance in Enpower. Finally there is a variance for HE 17 and HE 18 possibly because of load shift from NP to SP. We are flat in CAPS position manager. And flat in Enpower." williams-w3,What? Is receiving an email at 1:30 too late? Just because everything is done by 10...At least NW is on the right side of the market...oh wait...their not...doh! And looks like today was a bad day to go short...but who's counting? williams-w3,"Group, Recently there have been complaints regarding chew in the kitchen sink, chew scattered around the edge of garbage cans, and chew spit cups left on desks. Although we are not the only group that uses tobacco products, we are the most visible. The relaxed atmosphere of our group is a priviledge and I expect each person in the group to be responsible for the appearence of our desk and the perception of our desk by others on our floor. Leaving chew spit cups on other desks or throwing chew in the sink is unacceptable. It is a simple thing." williams-w3,"Nikki, Hope you're doing well and continuing to enjoy Newport...My friend lives down there in Huntington Beach (watch out for him!), he moved down there about 3 months ago. I have been planning on visiting him for a while. I wouldn't mind getting your perspective on the city as well when I come down. Last time I was in LA, I spent a fair amount of time on the Strip and around Hollywood before heading home. Another guy I know down there works at the House of Blues and got me tickets to Taj Mahal--Steven Segal came out and played guitar with them at the end (the guy was NOT good)--which was nice. Also, one of my neighbors from college works on the Maury Povich show (I think). So, I definitely need to go down there for a visit. I will be in Sacramento towards the end of July (16th thru 18th) and then am planning to get down to LA right at the start of August for work and perhaps a bit of goofing off. So whatever, if I make it down there it should be a decent time. Sorry to hear about the possible cancelation of the trip to Portland, hope you can make it (though the deck seems stacked against you this time around). I will plan for you to be here (so you wouldn't be stuck in a hotel), but don't worry if you can't get here on the 3rd. Plenty of time for that, as the sun should be out for a while (til October anyway). I was knocking around going snowboarding up at Timberline on Saturday (get a few runs in before 10), but I am leaning towards a trip around Mt. St. Helens on my bike instead. It's supposed to be around 80 and sunny here on Saturday and you can't pass such weekends up. St. Helens should be gorgeous and since we are in the middle of a drought in the Northwest I want to check out the level of the resevoirs up in the mountains. We'll see though, either way I will be getting up early to catch the sunrise in the mountains. So work was solid today, got just about everything accomplished that I wanted to. No one brought me lunch after working the night shift...but what can you do? Anyway, hope the funeral goes well (you know...as it can), and keep me posted on when/if you might get up to Portland. Oh. And as for a picture, I'll see what I can do. Brendan's got a couple, but I don't have any that I can pop on the web right now and send down to you. I admit, I have been called an Ogre before (I am a bit of a taller, bigger fellow on the soccer field--and some forwards have unresolved issues concerning it), but...well...Brendan should be able to fill you in. Like I said I will see what I can do about a picture. Enjoy your time in LA, And take care." williams-w3,"Guys, Good looking discussion note last night. I appreciate the good work." williams-w3,"Group, The meeting this afternoon will be delayed until next week. I am waiting for more information on UBS. So, next Thursday at 4 PM we will have our meeting with the pizza." williams-w3,Bam. Let me know what you williams-w3,"Christel, How are you? Hope you are doing well. I got your message last night about leaving the NW. Where are you going? When do you take off? Drop me a note if you have a chance. Take care." williams-w3,HUBRIS: ex. 1.)--see Portland City Council-- 2.) Reed williams-w3,"Dave, Any word from PGE regarding a phone for Kate? Anything I can do to help? Just let me know." williams-w3,"Absolutely, Please send an email to the group explaining to them that they will be billed if they go over $55 a month. Let them know they can set up a different plan if they need (I would prefer they stick with the group calling plan and add minutes...but the choice is theirs). Let's put this in effect by October. I am seeing $20000 ytd as of June in cell phone charges (and $55 x 13 group members x 6 months should equal $4290--have we really spent $16000 on new phones?" williams-w3,Any word? We need those cards and passwords... williams-w3,Group- WWP is good to buy and sell with us again. Have fun. williams-w3,"Anna, When you have a chance, I would like to pay you for the golf tournament and grab a receipt from you while I am at it. My impression is that the deadline is approaching and that this is something we need to get done today. Please let me know when you might be available or just grab me when you have a chance." williams-w3,The key is to go long Heroin and Coke when you have a chance. And put extra money in the bank williams-w3,"Group, I received a call from Warren McReynold at the BPA today. Warren was concerned with the level of service that our group is providing. Warren explained to me the necessity and importance of calling in and reporting the actual amount of energy generated by Grays Harbor and Frontier EVERY hour. The group at BPA cannot close their accounting books and meet reliability performance measures without our information. I am meeting with Warren on Tuesday. Warren is inclined to recommend to BPA that we are incapable of this service because of our inconsistent performance. Such a recommendation would severely limit Enron's ability to produce value for our service customers in the near term and would likely prevent us from attracting new customers. I believe that we can provide Warren's group with the information that it needs with minimal impact to our trading. Therefore: We must call Grays Harbor and Frontier at the top of EVERY hour. Then we need to call BPA and communicate the ACTUAL energy generated, not an estimate. Finally, sign off the hour in the services book. Les has provided us with the needed information for each day. Reserves can only be used for the hour that we are in, than we must resupply the schedule from a different source by working with the BPA marketers. If you have a question regarding reserves or pulling a schedule--please call Les or me. If this process takes more than 5 minutes, please let me know. It is each trader's responsibilty to make this work. It should be noted that we need to do this even if the generator is prescheduled, and must to continue to do this until these generators are automatically metered. And yes, we will be compensated by the Services desk for our work. This service is a priority and should be treated as such. Please see me with your comments and concerns regarding this job function." williams-w3,Allegheny's SC is now APX 5. Contact numbers are below. Thanks williams-w3,"Group, I have attached the following cut procedures that should be of benefit as we move into fire season. The sheet is very basic but spells out my expectations for handling a cut. The most important thing to remember is to document everything and call with questions." williams-w3,"Keoni, Here are the details on our sale to CERS for HE 14 at Palo Verde devers. I spoke with Linus at CERS at approximately 11:50--At that time I sold him 90 mws at $29 delivered at PV for HE 14, I told him the energy was coming from the CAISO. I then called Mike at SRP marketing after speaking with Linus. For HE 13 I had sold Mike 75 mws. I told him the schedule would be going to a zero for HE 14. I called the CAISO to notify them my export EPMI_CISO_SALSA would be going to CERS at PV devers and not SRP. I began speaking with Bhavin at the Palo Verde desk at 12:20 regarding scheduling of the energy to CERS at PV devers. I told Bhavin the export -EPMI_CISO_SALSA- would be going to CERS and that it was effectively a net schedule(90 mws out at PV devers/90 mws in at PV devers).Bhavin asked that I call a counterparty with a control area interest at PV and show the schedule going to and coming from a control area. I acknowledged this request and called El Paso Electric to attempt to show the schedule to them and from them. I was not comfortable with this step as I viewed it as unnecessary and told EPE I would call them back. I then called SRP transmission to discuss the schedule with them. At approximately 12:40 I discussed the 90 mw net schedule with SRP transmission. SRP control said a net schedule would show as zero. I then spoke with EPE and told them to forget the schedule. I called Bhavin back and told him SRP was aware of the schedule. Bhavin told me that he would make a note of the schedule and show it as net scheduled. At 13:02 Bhavin called me back and told me he was not checking out with SRP at PV devers. I called SRP transmission and went over the schedule one more time. SRP transmission still showed the 75 mw schedule from HE 13. I told SRP transmission that the 75 mw schedule was no longer flowing to him. He told me he would call his marketer. While transacting for HE 15, I again spoke with Mike at SRP marketing and Mike told me he had missed telling his transmission to pull out the 75 mw schedule. I believe the original problem was the net scheduling and that it was compounded by miscommunication on SRP's end. It should be noted that Bhavin was polite and professional throughout my conversations with him. I think the ability to net schedule at tie points is important. My feeling is that the CAISO schedulers should have the same scheduling capabilities at the tie points as those schedulers outside the CAISO. Please let me know what you find out regarding this practice. If you have any questions for me please let me know. Thank you for your help." williams-w3,"Steve, Good afternoon, I have attached a draft of the Control Area Services Agreement to this email. Please take a look at it when you have a moment and let me know what you think about it. I understand we may not implement it for a while. However, I thought having an agreement in place might provide us with more flexibility and the ability to take advantage of opportunities as this month winds down. I appreciate your time and feedback." williams-w3,"ate, You should recieve an email from Sean Crandall detailing a short position for tomorrow (Saturday) and for Monday. Please give this information to the group including Enpower information...etc. Call me if you have any questions." williams-w3,"I don't know, where you planning on going? If you are, I may not. It depends what is on the agenda." williams-w3,"Group- As we have more and more cuts, we have an excellant opportunity to refine our cut technique. (YES!) 1.) In path confirmation workspace-please check all cut paths as ""confirmed"" (this will allow us to sort for cut or ""confirmed"" paths later)-and enter notes in the comment section regarding the cut. 2.) ZERO OUT CUT SCHEDULES IN DEAL SCHEDULING. On imports to CALI, please zero out the purchase outside of CALI, zero out the EpmiCalPool, and then make a purchase under the book that had the import (likely EPMI Short Term Cali) from the California Imbalance (remember no price and 24 POS on the group). IF you have any questions, please call me. We are having a nightmare taking care of weekend cuts, particularly imports into California." williams-w3,"Group, For 06/28 only: We need to send APS losses, 2 mws for HE 1 at 4C345 from EPE. Lisa Gang has put this in the sheet and made a preschedule tag. We need to make a buy from EPE under ST-Whourly in Enpower, and a sale to APS at zero in Enpower. Please make sure this schedule is in as losses. You can call me with any questions." williams-w3,"Scotty, What's up? Checking to see if this was your email or not? Haven't heard from you in forever. Hope you had a good new year. Drop me a line and give me the word." williams-w3,"Kate, Here is some new info, and some updated info for our packet. Let me know if you have questions. ," williams-w3,"Kal, The delivery points are as follows: Mid-C, NP-15, SP-15, and PV And, Products will currently be available for HE 12 through HE 20 Pacific Prevailing Time (PPT), for Monday through Friday. I appreciate the hard work." williams-w3,"Alan, According to this site the cap was around $71 for HE 15 and $72 for HE 18. We had already traded for these hours when the ""new cap"" had been set. This is a retroactive cap during mitigation hours. When trading in the hour ahead market (1 hour before energy flows) we cannot predict the Cap to Market ratio. For example: Expost is $18 right now, and the market is at $91.87. Any recommendations?" williams-w3,"Kate, We are short 25 mws in SP15 at $43 for Tuesday. I am unsure if ST-CALI is doing anything. We are short 25 mws at PV at @$50 with ST-SW on EPE lending for Tuesday. Let me know if you have questions, and you may want to check prices with these desks." williams-w3,"Just wanted to congratulate you guys on the excellent work on the night of the 13th. The SAR was within $4 of risk managment's numbers on the Daily Position Report! The night note looked very good (great job on the services portion) and there were ZERO problems with the shift. The hard work is much appreciated, keep it up." williams-w3,"Group, We all knew it was coming. NERC Compliance surveys are continuining. Everything must be tagged both light load and heavy load. THIS INCLUDES SCHEDULES IN THE SOUTHWEST. Templates and POR/POD sheets are available. If you have any questions regarding our policy please let me know. Let's be especially sharp for HE 14 on the 17th." williams-w3,"Jeff, I will be glad to discuss this with you in the future. However, I am on my way out the door to Pullman, WA for a recruiting trip. I will be back late on Friday afternoon or we can talk on Monday. Give me a call on my cell and let me know what you would like to do." williams-w3,"Steve, Can we contact this Steve Johnson guy and tell him he is a pawn for the state of California... Funny...I don't remember a ""near-meltdown"", just inept purchasing and load balancing by CERS at the start of August. CERS is consistently completely out of the market. EVERY DAY! They can't even manage to bury their bad trades in 35,000 mws of load! Humorous article though." williams-w3,Journalism? Pretty big Enron influence in this article from what I can tell... What are your thoughts? williams-w3,We can meet. Who else do we need? Anyone? williams-w3,"Kysers and Mary- ST-WBOM is long at PV parking with PNM for HE 2 through HE 5, 20 mws each hour--for Friday and Saturday. The price of the power after the parking fee is $15.50. The deal number is 826094. This deal is just hanging out there under W-BOM and should make us 80 mws long at PV on Friday and Saturday. Also--we are still short the two BOM pieces in SP-15 for a total of 50 mws each hour on peak-Friday and Saturday- average price of $27.60. You would have the deal numbers on this one. Sweet." williams-w3,"Matt, I will work on these this afternoon and give you some ideas... BTW-I heard from Kochel this morning, he is getting married March 2nd in Seattle--did you know his sister was already married to Steve Darue? (poor woman!). The Kelso/Camas game is on Thursday--maybe I will take Friday off...what do you think? Check your hotmail around 3." williams-w3,"Here is the original email from Keoni, and the follow-up from Chris Foster. Just give me a call with any questions." williams-w3,"Amy, Hey! Great to hear from you! Hope you are doing well. But... What are you talking about? Who's on what side? And what are you trying to recall?" williams-w3,Super. And sorry about getting you locked in the stairwell. I williams-w3,Thank you for the confirmation. That is very good news. williams-w3,"Group, As most of you are aware we changed time zones on Sunday. We are back in Pacific Standard Time. As such, we are once again in a different time zone than some of our counterparties. Please specify Pacific time zone in your summary of your deal at the end of each phone call--translate the deal to Mountain time only if necessary. We must be very clear on this going forward or disputes will be numerous and we will not be able to resolve them. See me if you have any questions regarding this expectation." williams-w3,"The CBR 945 RR is a bit sweeter, cheaper, better looking and has Honda reliability... Oooohhh. Nice." williams-w3,"Group,. I will be out of the office on Friday November 2nd, I will return on Monday November 5th. If you have questions, please call me on my phone at 503-887-3449." williams-w3,"When Colstrip goes down we will be short at Montana system and long at PGE System. We need to buy a transmission wheel from BPA (Account#736780) from PGE System to the Montana System Border. If need be we can also do a Buy-Resale with WWP to move the energy from PGE Sys/Mid-C/LOLO to the Montana System Border. The method for documentation and cleaning up enpower are below. 1.) In enpower, build an index forward buy from PGE under LTNW book for the total amount of mws cut due to colstrip going down. Use the DOW JONES MIDC index (remember to specify in the index if it is on or off-peak). Enter an offset of .10 . 2.) Enter a transmission deal from BPA. (MIDC to MPC SYS) The transmission fee is $2.52 3.) Go into deal scheduling and query under the counterparty PGE. Select all 4.) Bring up all deals of the counterparties involved at Colstrip---- specifically, Ashgrove,Conocpil, Energywesr, Louisiana Pacific, and Smurfit Stone, etc. (these enpower deal numbers can be located under the counterparties name in lotus notes.) 5.)Zero out the buy from PGE @MPC SYS 6.) Finally link the deals. 7.) Check real time postion manager, make sure you are flat. If you have questions regarding this procedure please let me know." williams-w3,Good afternoon. We have recieved significant amounts of congestion revenue on real-time for 11/13. Please use the inc sheet or CAPS to settle in the morning. The inc sheet has correct pricing and schedule ID's. williams-w3,"Kathy, I will be available on Tuesday but it would have to be either earlier or later on in the day. I could meet with Britt at 3PM or at 9 AM. Any idea what this is regarding?" williams-w3,"Group, Ryan sent this email out once already, here it is again. The oasis site map is http://www.nwoasis.org/OASIS/NODE The details of checking for ATC are as such Red=PAC(t), Blue=IPC(t) Leg 1. PACW to ENPR Leg 2. ENPR to BOBR Leg 3. BOBR to PATHC Leg 4. PATHC to PACE Leg 5. PACE to FC3 We can do a buy resell with EPE to move this to PV or can use APS tranny to move this to Mead or PV as well. When scheduling from BOBR to FC3 on PAC (t) be sure to just put in the POR/POD and do NOT schedule each wheel seperately. This will prevent us from being charged $5.84 each time. Total cost for this tranny should be $5.84 +$2.38 +$5.84 = $14.06. There will also be losses. If using this wheel for a services customer, be sure to add in for losses and scheduling fees. Also, be sure to LOG OUT of the IPC website when finished, otherwise we will be locked out if we time out! There should already be a template for a tag to move this energy from PAC system border in the NW to FC345. This path has had approximately 400 mws of tranny availabe the last few days. Please see me with questions." williams-w3,"Group, Here is the most current information regarding charges from the CAISO, the FERC Ruling and the Price Cap. 1. The current price cap is $91.87. We should continue our practice of not selling over the cap, however we can (and should) buy over the cap if necessary for the system reliability of our service customers. 2. The FERC order specifies a penalty of $100 per mw for underscheduling load (greater than 5% per load zone underscheduled). Despite the CAISO's repeated protests (and the IOU's complete disregard of this order), WE can expect to be subject to this penalty. 3. When a WARNING is in effect the CAISO will be making out-of -market calls. These OOM calls will not show up in the expost or beep stack. Therefore when power supplies become tight, the prices in the ""expost"" may actually drop. We should continue our practice of NOT leaving uninstructed energy in the CAISO whenever possible. 4. We should continue to participate in the CAISO congestion market. The CAISO frequently has unexpected hourly path loadings, and congestion has occurred in the hour ahead market that was not present in the day ahead market. 5. Remember to include CAISO export fees, Tie Meter Multipliers/import fees and grid management fees in your CAISO calculations of wheeling charges. We will have a real-time meeting on Monday July 9th at 4:30 PM in Mt. Hood. We will discuss other changes in the market at that time. Please make plans to attend." williams-w3,We also received congestion for HE 5--50 mws at $74.83. HE 5 is not in the inc sheet but will be. The CISO is again having difficulties reading our bids. They have been working on this for a week. williams-w3,"Dave, I would like to restrict access to this directory. It is P:\RealTime\ I would like only the members of the real-time group to have access. That is... Geir Solberg Ryan Slinger Leaf Harasin Mark Guzman David Porter Bert Meyers Eric Linder Steve Merriss Craig Dean Kate Symes Todd Bland Casey Anderson Darrin Presto Mike Meier(sp?) as well as... Greg Wolfe Mike Tully Please see me with questions." williams-w3,"Bert, This is good to know. Thank you for the update. Well done." williams-w3,"What up dawg! How are you and Meg doing? I still have a job. It has been an extremely rocky time. However, I feel optimistic that our trading business will continue in some fashion. I believe that we will be bought out by an investment bank and that we will be able to start trading again. The chances are good that I will have to thin out my group a bit, I am hoping that attrition will take care of some of the members of the group. I think we are going to let traders out of their contract if they want to leave. Hopefully that will cut down on any direct lay-offs I will have to do. It would suck having to lay-off good people. Its worrisome but like I said, I am optimistic. Soccer was going well, but I sprained my knee pretty badly playing indoor last night, so another two-three weeks before I am out there playing again...bollocks! Its ridiculous. How are things with you? I have two tickets to Mark Lanegan on December 19th at Berbatis Pan. Are you going to be in town at that point? Its gonna be sweet. Still enjoying the Audi. My address is 1005 SW Park Ave. #706, Portland OR, 97205. Give me a ring and let me know what the word is. 503-887-3449. Later," williams-w3,"Group, We are short 50 mws for tomorrow at PV through lending with EPE. 25 mws will be under ST-SW, 25 mws will be under ST-WBOM. We are also short 65 mws for tomorrow at SP-15. 25 mws will be under ST-WBOM, 40 mws will be under ST-CALI. Both schedules are HE 7-22. All deals should be under appropriate books. Please take extra time with the EPE lending. We would like to do this size throughout August and want to make sure they have no problems. Details regarding prices and deal numbers will be coming from Kate." williams-w3,"Darren, Per our discussion, please allocate all Hour-Ahead Congestion charges or revenues to the ECTRT group. Hopefully this will simplify the management of our books. My understanding is that Chris will tell RT if there are cuts or some other need to put in Hour Ahead (24) schedules for the Cali desk and will allow us to allocate approriate charges or revenue to him if necessary. All Congestion charges/revenue at tie points should still be allocated to the desk entered in CAPS. If you have any questions please see me. RealTime will still try to notify you of Congestion revenue or charges." williams-w3,"Geir, Here is your interview schedule for tomorrow. Geir Solberg, Mt. Rainier Conference Room - August 2, 2001 12:00pm-12:45pm - Tom Alonso 12:45pm-1:30pm - Greg Wolfe 1:30pm-2:15pm - Matt" williams-w3,"Check this out...you should read Liar's Poker by Michael Lewis, and Den of Thieves. Good stuff. He notes that Enron management lacked an 'honor among thieves,' but predicts that Enron alumni will flourish. I suspect he is working on the Enron book right now.---sch Is Enron the New Drexel? By Michael Lewis, the author of ``Liar's Poker'' and ``The New New Thing.'' Berkeley, California, Dec. 20 (Bloomberg) -- Enron Corp. is rapidly expanding the American business journalists' notion of what is possible: No story can ever again be said to be too outrageous to be true. The boss, Kenneth Lay, was a friend of the current president of these United States, an adviser to his administration and one of his biggest financial backers. The company itself was rated ``strong buy'' by analysts at almost every Wall Street firm, considered a shining example of modern accounting by reputable accounting firms, and plugged endlessly by the business press. Six years running as Fortune's most innovative company! And all the while this same operation was, at the very top, a lie. Understandably, people long for some analogy to help them grasp this situation, but really there isn't a good one. Other than failed hedge fund Long-Term Capital Management, Michael Milken's junk bond department at Drexel Burnham Lambert offers the closest parallels on Wall Street, and several people have written to me over the past week to suggest it. But it really is unfair to Milken to compare him to Lay. Alumni Will Flourish True, in both cases profitable trading businesses collapsed because their creditors came to distrust the people who ran them. And in both cases the core business -- Drexel's junk bonds and Enron's energy trading -- remain viable in the hands of other companies that banks trust. Just as the Drexel junk bond traders who didn't go to jail went to other Wall Street firms and created replicas of their former business, former Enron traders will soon be making lots of money for one-time rivals such as Dynegy Inc. and Duke Energy Corp. Well before Kenneth Lay emerges from his legal hell, the energy trading business will return to normal. But the morality of the cases are entirely different. Whatever you think of Milken's junk bond department -- and I think its sins were minor beside its achievements -- you must admit the people in it exhibited a certain honor among thieves. There was never a moment when Milken betrayed the broad interests of his traders for his own narrow ones. He paid himself huge sums of money, but he also made huge sums for his firm. He was careful to watch out for the little people who worked for him, and they loved him for it. The Enron bosses, by contrast, pillaged their firm and left the little people who worked for them holding the bag. Different Motivations Enron created the illusion that it was much more profitable than it actually was. Milken created an operation which was, if anything, much more profitable than it looked. What Milken hid was the thuggish manner in which he made his profits. What Enron hid was the sneaky way it made its losses. (This is something I still don't understand, and would love for some enterprising reporter to explain, as Enron seems intent on explaining nothing. The off-the-books partnerships that brought Enron down appear to have been a mechanism for hiding bad investments in hard assets -- Turkish gas pipelines, Indian power plants and the like. Why did Enron, which made its money as an intermediary, invest in this stuff in the first place?) The speed with which the markets have punished Enron reflects the differences between it and Drexel. In Drexel's case, it took a multiyear investigation by the U.S. government, together with a smear campaign in the press, to bring down the business. In Enron's case, all it took was a couple of articles in the Wall Street Journal pointing out, among other things, that senior executives were profiting at the company's expense. In Drexel's case, the demise of the firm and the jailing of Milken was pretty much the end of the story. In Enron's, the fate of the company and its leaders may open up a much bigger scandal that reaches right up to the top. Anything is possible." williams-w3,"Chris, I attached a simple sheet outlining our basic process of decremental bidding. From a Real-Time standpoint we are ready to implement this process immediately. I believe we have the tools in place to capture the revenue on the volume management side as well. Kourtney Nelson is out of the office today but will return on Monday. I feel we should involve her in the process when she returns. Overall, this is very similar to what we did last summer and should be relatively easy to implement. Feel free to see me with questions." williams-w3,"Cara, We are short 14 mws at the Portland General System in position manager for Friday, July 20th. HE 5 and HE 6. Pacificorp deal #694155 is not in for those hours. Could you look into this?" williams-w3,"How about this? Evelyn, Please try to send or copy any emails to me at Williams III, Bill. NOT Williams, Bill. This email went to Bill Williams with Enron who happen to be in Sweden... Kate Symes will be taking care of your spreadsheet when she has an opportunity. As you may be aware we have recently brought out EnronOnLine to the hourly market. We have seen a dramatic increase in volumes, and priorities have shifted as a result. Daily deadlines must be met. We are working on our deal entry accuracy. I appreciate your patience, we will attend to this issue shortly." williams-w3,"Catherine, I believe this was meant for Bill Williams in Technical Assets. Please note the difference in email addresses." williams-w3,I'm sorry I missed your call. I know you are busy but please let me know when you have something. Leaf called yesterday looking for clarification and I would like to be able to give him an answer. williams-w3,"Group, I have discussed our lack of handsets with Dave Steiner. Dave perceives an appetite for handsets in the real-time group, however, we should be getting new handsets (two for each turret) early next week. These handsets will be labeled Real-Time, this should prevent others from switching out our handsets. If one of these handsets stops working (cuts out or mute doesn't work) please let me know. Dave Steiner will be providing these handsets without charging us, but if a heightened handset consumption continues, we will have to pay for them. Dave suggested that we make sure to hang up the handsets, as they tend to get damaged quickly on the ground (apparently it stresses the connections and leads to them cutting out). I feel this goes without saying but maybe... Thanks for your help with this." williams-w3,"Nikki, Good afternoon, How are you? Hope everything worked out in LA. I don't know if you are still coming up to Portland but I was emailed a picture at work today from opening day at PGE Park (the minor league baseball stadium up here) and figured I'd pass it on. The picture was taken in the Enron suite at the park, I am the one directly in front of the TV. The rest of the folks are from the Origination (not Trading) side of Enron, except my boss, who is on the far left of the picture as you look at it. Portland has been nice the last couple days, though its been raining like crazy. I went up on my roof last night, the sun was setting and there was a lull between the storm systems moving through. Beautiful night. The sun had already gone down below the west hills, but was still reflecting off some of the taller buildings to the east of my place. There was this slice of deep blue sky extending from the west over my head, and all around were low menacing storm clouds. A stiff breeze was blowing south to north and smelled of fresh rain. Amazing. It should be a nice weekend up here. In fact, I am taking tomorrow off and getting in a bit of golf. I am playing an hour north of Portland on a links style course. If its a clear morning, I should be able to see Mt. Rainier, Mt. St. Helens, and Mt. Adams. It is an interesting course to play. Now if I can just get the ball to go in the hole I'll be happy. Hope the pic makes it to you through our firewall." williams-w3,"Troy, The difference is subtle, but I believe you wanted this to go to Bill Williams not Bill Williams III. Please make the appropriate change to your address book." williams-w3,"Group, When doing imports and exports at tie points for other desks, be sure to put the other desk as the Customer in CAPS. This prevents inappopriate charges going against the real-time book. Import and Export fees are typically in the nature of $5 per mm on a wheel." williams-w3,"Crystal, Good morning. Haven't heard from you in forever and unfortunately did not get a chance to respond to your last email. Just wanted to say hello and wish you a good Fourth of July!" williams-w3,"Group, Please remember to put the Tag # in the inc sheet. Every schedule should now be tagged if it is outside of the CAISO. Please get the tag # from our counterparties to put in the inc sheet. This should greatly improve our settlements process and minimize disputes. Include a comment in the Tag # section if there is no tag." williams-w3,Sorry to hear it man. It has not been a great last couple of months. williams-w3,"Bert, I would like some of these folks to attend the Energy Math class on the 8th of November. Please schedule 4 or 5 of them to go if possible." williams-w3,"Of course you were. Don't feel bad though, we all get confused at times. Some of us just more than others." williams-w3,"Alan, I think you have identified the most pressing issues. Certainly the ability to go long or short into R/T will be important and hopefully the CISO will follow through on its efforts to ""strive for simplicity and transparency."" Any idea what the penalties for being long or short in R/T might be? In the CISO's proposal the first two ""goals"" for the real time market appear to be at odds with each other. Also, I think we should push to rid ourselves of 10-minute dispatch at tie points. I understand the CAISO keeping the ADS in-state but it has not worked at tie-points. Feel free to let me know if you have any questions. Thanks for the update." williams-w3,Are you kidding me? This is absurd. williams-w3,"Donna, This brings us back to the age-old question. During an emergency, how we can tell what the highest price paid for energy by California is? Their market clearing price does not include all the spot market energy that they purchase. The CISO has acknowledged buying well over the artificially low federal price cap from in-state muni's (LDWP, SMUD, etc.) but none of this information is passed on in a timely fashion. And what qualifies one counterparty for a penalty, and another counterparty for a ""do-over"" (could be assessed)? We will continue our practice of notifying the CAISO as soon as possible regarding outages. Thank you for the information and the follow-up." williams-w3,"Group, As of HE2 this morning, our contract with MPC was ended. For the time being, we will no longer be balancing MPC's load. Also, we can only purchase up to 100 mws from APS transmission. Please do not put wheels in to relieve congestion for over 100 mws. But do check the transmission availability on the website and maximize our ability to relieve congestion with APS in the Southwest. These should be the only congestion wheels that we run. Also, please use PNM not AEP for any sleeving for EPE." williams-w3,"Kate, EPE will be lending us a schedule for Tuesday, 25 mws at $4 at PV. The schedule will be on peak. Similar to today. Please work with the preschedulers to get the sheet correct (Friday's sheet for Monday had a duplicate 10 mw schedule in it). Let me know if you have questions." williams-w3,"Kysers, St-WBOM is long again for HE 2 through HE 5 at PV from PNM at a price of $15.50. We will be 20 mws long each hour for a day total of 80. Same deal # as yesterday--#826094. If you could adjust your sheets for tomorrow I would appreciate it. Remember, we are also short 50 mws for Monday in SP-15 at $27.60 Sweet." williams-w3,"Kate, We need to move you more towards a trading support role and less of a settlements role. Please take some time over the weekend to consider what might be helpful for the desk (ie. collecting pertinent weather information, transmission derates, day-ahead prices, congestion, historical spreads, etc.) and let me know on Monday or Tuesday what we can do. Take your time but have a good weekend." williams-w3,"Chip, Could you send me a list of Turret ID's for the guys in the real-time group. I would like to lead a push to have everyone in the group update their turret and customize it for their own use." kitchen-l,Ok I thought it was in Washington state. -------------------------- Sent from my BlackBerry Wireless kitchen-l,Is she done yet? -------------------------- Sent from my BlackBerry Wireless kitchen-l,You don't ever need to sell to me. I'll let you know progress as we move forward. kitchen-l,"The gas contracts we need include the following, can you give us timescales. I understand that we have had issues getting these together and time is now running out. Mark, I believe, has put you in charge or gas -please could you give us a timescale. Draft Master Firm Draft Master Swap GTC (physical) GTC (financial) Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646" kitchen-l,If we have twins - doesn't it matter that we make more money for American Pie than we do with Hans - due to bigger group of people. Therefore percentages need adjusting. Or are we done? kitchen-l,"It seems silly to have all of us going to dave as he is the only EES person attending Invite Frank, Laura, Tycholiz, Lagrasta, Breslau, Duran, Forster, Calger, Foster, Just in case we haven't invited any of them. Thanks Louise -------------------------- Sent from my BlackBerry Wireless" kitchen-l,This is our initial proposal. Please feel free to contact Bill. kitchen-l,We will be managing our rates we need to plan on a software. I'll find someone to do it. -------------------------- Sent from my BlackBerry Wireless kitchen-l,I thought any 'Contractors' had a zero limit which must be the case. We have Kathy Abshire buying things and she is a contractor. Please could you check that contractors and temps have a zero limit. kitchen-l,Solarc is the system used for NGLs etc - we do not plan to convey it into NetCo. In terms of the court case - the whole thing is stayed pending the bankruptcy. They did try and prevent the whole NetCo thing but there is obviously no basis for any suit as we are not taking it. kitchen-l,"WA955852 You have deducted 60,000 miles for round trip upgrades for the following Louise Nettelton John Nettelton Scott Nettelton when the upgrades were one way only. Please add back 30,000 miles." kitchen-l,Let's get on it really seriously tomorrow. We should have at least started AEP's notice period with your note today. Did we send margin letters on others today as we need to. kitchen-l,Its pretty critical as the other one is not. I need the international bar removed Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,I thought we did establish Product Control on Friday - let's just deal with Dave issues on priorities as we catch them between us. Did you meet with Kim? Thanks kitchen-l,See you in Enron House when I get back. I am sure you'll be back working in EEL before me. Happy travelling. Louise -------------------------- Sent from my BlackBerry Wireless kitchen-l,"This got to me tonight - If we come back, or when we come back we need to remember this guy. I have no idea who he is but please can we hire him back if/when we get EnronOnline back on top. We need to remember him next year. A great reflection on you guys too. Louise Ref: Houston Chronicle website * * * * * Tuesday, Dec. 4 I was part of the greatest team I have ever seen or heard of. We had unmatched talent and skill. We had a seemingly bottomless pool of experience to draw upon. We consistently diplayed unyielding determination and unwavering resolve. But, above all, an unbreakable commitment to help make Enron Online great. Throughout the decline we did what we had always done -- we did our best. * * * * * ""Enron took my 401(k), they took my stock options, they took away the day-old pastries that were always on the desk outside my office. ... They took away my boss and my co-workers, whom I considered a family. I loved my job, and in the end they took that, too."" Matt Hommel, former Enron employee * * * * * We have all read the news and we all know the things that happened at Enron and we all know the names of those to blame. At the end of it all, the truth is that bad things happen. For myself I humbly asked for only one thing: The chance to rebuild Enron Online. I waited all day praying that I would get a call to tell me that my wish had been granted. Around 9 p.m. I got the call from the senior director that I hoped was good news. In the utmost professional manner, I was informed that there was no good news. Now it's over. I still get a bit choked up when I think about it. I don't work at Enron, and the team that I was a part of has been scattered in the streets. I made some good friends at Enron, but I know I won't see many of them again. Enron took those friendships, Enron took my 401(k), they took my stock options, they took away the day-old pastries that were always on the desk outside my office, they took the free sodas and the big screen TVs and the foosball table. They took away the free dinners we got on Friday nights during the new releases to the Web site. They took away the admin who always teased me because I ate like a pig and never gained weight. They took away the guy that beat me in foosball 5-1, despite the fact that he played with one hand and was carrying on a conversation on his cell phone while he played. They took away my boss and my co-workers, whom I considered a family. I loved my job, and in the end they took that, too. But let me say this. I have my memories. I am not going to ruin them with feelings of resentment or betrayal. I am going to keep my memories. They belong to me. Matt Hommel, Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646" kitchen-l,"Please find attached details for the forthcoming Enron Americas Management Offsite. There are group actions which need to be completed before arriving in Beaver Creek. The Offsite will involve meetings, mountain biking and white water rafting (grade 3), so please bring appropriate clothing. For those who have not been rafting before appropriate clothing would be swimwear, sports shoes, hat, shorts and T-shirt. Life jackets will be provided. The accommodation will be in condominiums in Beaver Creek and room assignments are also attached below. Transportation The attached agenda outlines the transportation requirements for those departing from Houston. It is assumed that all members of the ESA team will also travel to and from Houston with the Houston based employees. Dorie Hitchcock will be contacting those of you separately who are not traveling to and from Houston. Video You each have been assigned to a group for the sole purpose of completing a video prior to attending the Offsite. The video filming should be completed and on a VHS tape prior to departure for Beaver Creek. The purpose of this video is to provide a comic interlude to the proceedings. The videos will be seen prior to dinner on Friday night at Saddleridge. The video should be about 5 minutes in length, on a VHS tape and there is a zero budget assigned to the production of the video. Each team has been given a title which is open to interpretation (see attached spreadsheet). Please find attached the following information: (i) Attendees and Teams for Video (ii) Draft Agenda Any questions or concerns should be addressed to Dorie Hitchcock (Ext 36978) We look forward to seeing you in Beaver Creek. John &" kitchen-l,What's his problem? -------------------------- Sent from my BlackBerry Wireless kitchen-l,"Please pass to the appropriate person The following documents are the two agreements which facilitate the online trading. These contracts govern the actual transaction process and are accepted the counterparty either in writing or electronically. Password Application - In writing Electronic Trading Agreement - Electronically These documents do not have any customer specific terms (eg credit etc) as they are not intended to govern the underlying commodity transactions, but simply the utiliszation of the website. If anyone is unclear of how these documents are included please let me, Dave Forster or Mark Taylor know for further information. Louise Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646" kitchen-l,I do not understand the Netco/Newco comments. Clearly at this point Enron the estate should maintain the space until it is sold to a new buyer. That would be a Don Miller/Fallon final call - but I think its a no brainer. kitchen-l,Brian Redmond or Jean Mrha will need to approve the budget as your number will be charged directly to them. Brian or Jean please co-ordinate your response through Faith Killen. kitchen-l,"We have unsuccessfully attempted to find sponsors for the project list you gave to me in our meeting. I would therefore like to start the game again but starting from zero and working our way up. Assuming we are starting with no budget for IT development, please could you sit down with each of our Business Sponsors and agree a number with them. They are: Tim Belden (or his appointed person) for West Power Lloyd Will for East Power Geof Storey for Gas Laura Luce for Peoples and Global Net Chris Gaskill for Gas Fundys Rob Milnthorp (or his appointed person) for Canada. Mark Haedicke/Greenberg (or his appointed person) for Legal. Each of the above will be allocated their charge for IT development and capital (apart from Geof who will allocate across the desks) and therefore is the best person/people to decide on the costs. Please could you arrange a short meeting/discussion with each and agree a budget as the process so far is not working. I am assuming its zero at the moment. Thanks" kitchen-l,This meeting will happen this morning at 9:00am. Tammie is still tring to get a room. kitchen-l,The emails I sent out. Please discuss the meeting and let me know the way forward. kitchen-l,Note the mosquito problem in Houston (see below)! 5,000 transactions $ 10:00/normal transaction Options $ 10:00/ per option (using option grid) Take or Pay Minumum Number of transactions per annum = 1,000,000 Service Interruption (outage) Reduction in our bill of $100,000 (less than 30 minutes) Reduction in our bill of $500,000 (greater then 30 minutes) Per product type set up 0 (its in your interest as the number of transactions is high in ENA. It think this issue is for other groups.) On development 0 (its in your interest - I think this again an issue for other groups.) Now we all have the same incentive - grow the number of trades. I think this is pretty close for us. Only paying once for a sleeve trade. Let the games begin!" kitchen-l,Ring each of the people on the list to make sure they know they have to produce the plan below by the end of the week. Let me know who you have problems contacting. kitchen-l,"Firstly, I never pick up voicemail so I just got your message from the week-end. Sorry. Anyway EnronOnline: There are two versions today - we keep one in NewCo and the Estate keeps one. Two teams can be allocated for each. It works - we have enough people to do it. In terms of the Estate: The Estate will keep a copy of the source code and the Estate will also maintain a staff on both the development side and the support side in order to ensure the service can be maintained. The source code and build process are sufficient to allow for running almost immediately. We actually have two EnronOnline environments today - the 'staging environment' and the real 'production environment'. Essentially we would leave the staging environment for Enron - it is simply a question of staffing which I believe is totally possible now we have allocated the staff to NewCo and the Enron estate. In terms of NewCo: EnronOnline will be maintained for NewCo using the production environment. With its own staff." kitchen-l,You're still there then. Is Enron Europe in administration or liquidation? kitchen-l,"With Calger leading the likes of Parquet etc they can make $100mm plus - without him no chance. I think it's sort of indirect p&l. I think we are close enough I'd put our top 20 above any group - our final ten are really strong too. Harry, Orlando and Zipper as the last people on our list really does show we have some major talent. Let's not stick to 30 - let's do 33 putting Miller,Deffner, Foster, Zipper, Ermis and Aucoin in. Daliney's note shows he is giving a lot to people we have in our second half of the list." kitchen-l,Did you give John a copy? Where are Technical Services? Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,I can't do these dates. I will be on my way back from Chicago (Peoples meeting). Sorry kitchen-l,just rang me - they want to meet with John Sherriff and Joe Gold????????????? What is going on????????????? They are going very deep into reserves too. kitchen-l,"Forward to Tim Detmering Tim, How much money does Mariner have in the bank? Please drop John and I an email. Louise -------------------------- Sent from my BlackBerry Wireless" kitchen-l,"Why can't I consume alcohol on Atkins? You should not drink alcohol during Induction, but you can drink moderate amounts of alcohol during the Ongoing Weight Loss, Pre-maintenance and Maintenance phases of the Atkins Nutritional Approach. When given the choice, your body will burn alcohol for energy before it burns fat. But alcohol does not act as a carbohydrate so it will not interfere with burning fat in the same way that sugars and other carbohydrates do. Alcohol consumption may also increase yeast-related symptoms, such as bloating, gas and cravings for sweets, and can therefore interfere with weight loss. Beer, which contains yeast, probably has the most yeast-forming components of any alcohol. An occasional glass of wine or vodka is the best choice. Scotch and other grain-based spirits are more likely to promote yeast problems. Note: Use only mixers that contain no sugar or fruit juices. Even tonic water contains carbs and regular soda is made with sugar. Seltzer, club soda, mineral water and non-aspartame diet sodas are better alternatives. Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646" kitchen-l,Just thought you may like to see the proposed look of our new website. Do you want the W? We presume you do. kitchen-l,Keep working the deal - I left Tom a voicemail. Now we have the cash you can work the deals at a b it slower pace - use your judgement. I still want as much of that money as possible. Thanks kitchen-l,Sorry missed this one - david this was done wasn't it? -------------------------- Sent from my BlackBerry Wireless kitchen-l,Don't know!!! kitchen-l,What is the name of the website where all of this information resides? -------------------------- Sent from my BlackBerry Wireless kitchen-l,What happened? -------------------------- Sent from my BlackBerry Wireless kitchen-l,Do we include a 'confirmation' group in the plan - I am unsure where it falls on the front plan. Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,with not being able to access our own reports - this is the second time I have asked. Please open up the reports to me. Or is there someone else I should be asking? kitchen-l,We still have toadstools/mushrooms and holwa in need of new turf on the lawn. Any news? kitchen-l,Surely we can cover this from within Virgo's team? -------------------------- Sent from my BlackBerry Wireless kitchen-l,Oxley - shouldn't think its a problem I mentioned it on Friday. David please sort out - if there is difficulty contact kitchen-l,We are off to the UK in a couple of days so we'll come and see you when you get back. -------------------------- Sent from my BlackBerry Wireless kitchen-l,"Yes - good guy. I think he is moving with Marcello into their new cross commodity group. But he's bright, agressive and worth trying to get." kitchen-l,"Hello, glad to hear you are well. This all depends on who owns the domain name. If it is Enron Europe we need to forward all inquiries to Price Waterhouse - this is important as Enron Europe is no longer part of Enron and the administrator has all legal claim to the name. I have no idea what happened to the sale of EnronDirect and who now owns it. I would suggest ringing London and asking to talk to someone from Price Waterhouse managing Enron Direct. Take care" kitchen-l,Any news from Redmond? -------------------------- Sent from my BlackBerry Wireless kitchen-l,Can you check on my flight reimbursement? Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,hi I don't have any - Jay Fitzgerald managed all of that for me and we closed the group down last year. Sorry kitchen-l,"The following documents are the two agreements which facilitate the online trading. These contracts govern the actual transaction process and are accepted the counterparty either in writing or electronically. Password Application - In writing Electronic Trading Agreement - Electronically These documents do not have any customer specific terms (eg credit etc) as they are not intended to govern the underlying commodity transactions, but simply the utiliszation of the website. The General Terms and Conditions will be issued to the known Buyer as they do have credit terms etc. Please let me, Dave Forster or Mark Taylor know if you would require further information." kitchen-l,"Arnold picked this group up from EGM because he said they were profitable and would be a good source of income. My recommendation is to drop them as we have no systems, lawyers, credit capacity to manage them. Unless I hear otherwise they will be gone." kitchen-l,I am thoroughly confused - we are not putting the master on line. Where is the short form GTC? Please provide short form GTC today - thanks. kitchen-l,If we cut the people in red - HR would have you at 56 people - what is right? AMy - please find the kitchen-l,Do we have New York sorted out? -------------------------- Sent from my BlackBerry Wireless kitchen-l,sorry missing the message When are the payments and how much are they if we keep moving forward as I am not prepared to write down a 23mm loss. Payments and payment dates please. Thanks Louise Please say not soon too. kitchen-l,Not sure - I can't plan that far ahead at the moment. We are just in the final stages of getting the part of the business I work for sold and therefore out of bankruptcy - I work for a company called Enron which has gone bankrupt. We have just sold the trading piece to UBS so we are in the process of transfer and I have no idea what the new bosses will be like. Are you going? kitchen-l,This is the wording required for employment contracts for Canada which resolves the tax issue. Please discuss and include with Buyers kitchen-l,MAke sure we get at least 15% reduction. Thanks kitchen-l,I am confused - in terms of the options exercised - we covered those in last year's tax return which unforttuantely I do not have a copy of here. I am concerned I am double paying tax on these. Can you check last years's US tax return which covered those options. I am contatable on 07778757656. Thanks kitchen-l,Let's leave it until we get going. -------------------------- Sent from my BlackBerry Wireless kitchen-l,WAHEY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! kitchen-l,Good idea - let's try for that in their systems. Its really only a question of my pay checks and expenses bouncing. Had a crap week-end filling in my SEC background questionnaire - hope yours was better. kitchen-l,3 & 4 are better than where we are now. The important thing is you need to get furniture as we currently have lots of rooms empty and they are refusing to give us furniture. The old building is a really bad idea due to the press etc - when it ends things will be easier. But currently moral would be ahuge issue moving to the old building. kitchen-l,"I am expecting an all in cost for this service - what do we achieve in separation. I had allocated two hours on Friday to do this from 1pm until 3pm. Are you not intending an all in cost (per transaction) of IT and Operations? If you believe that the outline below works then go ahead, do we just have the total number debate on Fridy - if so let's start at 2pm. Thanks" kitchen-l,Today was the last date I discussed with Piper. Before 4pm. kitchen-l,Currently interviewing a guy from Pacificorp - fingers crossed. Keep it quiet though. kitchen-l,Financial GTC Mark Taylor Thursday Financial Master Mark Taylor Thursday Physical Gas GTC Firm Mary Cook Thursday Physical Gas GTC Spot Mary Cook Thursday Master Gas Firm Mary Cook Tuesday Master Gas GISB Mary Cook Tuesday Netting Agreements Carol St Clair Thursday Power GTC Leslie Hansen Thursday EEI Master Leslie Hansen Friday Let me know if there are any problems. Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,"Here's what I have so far (who are we supposed to tell about this??) (i) Broker Margins Approx: $50mm Availability: End of Week Probability: 85% Current position (initial margin) $60mm out. John Arnold will tomorrow bring a large portion of this back by moving positions to our Paribas credit line (we have a $75mm line which we are only using $15mm of). I am working on the rest, which is spread across various other EGM books. (ii) Peoples JV Approx: $135mm Availability: Within month Probability: 50% We have (i) $10mm in the enovate bank account ($20mm in total, 50:50 Enron Peoples), (ii) $40mm storage inventory and (iii) $75mm in a pre-pay. (iii) Emmissions Reductions Credits (held by West Power). Approx: $25.5mm Availability: Dependent on whether financing Probability: 50% If the vehicle is rolled, then we could look to use the additional capacity. The vehicle will be rolled next week. (iv) Mariner - Zero ($2mm in bank) Deffner's group working on EGM's $400mm and Joe Gold is ready to go with his $300mm. So that's good, we should be able to get some of this off." kitchen-l,How was it - we are really busy so I thought I would ask in case i don't get to see you too much tomorrow. You were kitchen-l,As I want to go to the Cantor memorial service. Louise -------------------------- Sent from my BlackBerry Wireless kitchen-l,I concur with your view . No to all of them kitchen-l,"I think he'll be done at his current offer, do you want to give him more? I told him he's reporting to you and Milly and he was pleased. Are you listening or video conferencing into this meeting? -------------------------- Sent from my BlackBerry Wireless" kitchen-l,I know that's why I am hoping/assuming we are not going that way. I'll assume we are off standards unless you tell me otherwise. kitchen-l,Itss crap - almost all of our own websites. I've read it - probably have a copy somewhere if you want it. kitchen-l,"George, We are pretty sure DealBench is the cheapest in the market place - we are way below others for costs. Do GSS use DealBench for all our sourcing now?" kitchen-l,That is awful. Poor little kid. Do they think it was just another child? kitchen-l,"Aha, could you provide a column including the approver. Thanks" kitchen-l,"Ted, The people included in the cc: are those people we nominate to interview on the below mentioned days. We have not checked their availability and should you not find enough people from the list above please revert to John or I, but I think you have enough." kitchen-l,"Here's a little issue. We have recently needed some screens, pcs etc for new starters. Obviously this is a bit of a peculiar time to buy something when we are on the point of moving. My understanding from Don Black (who is hiring these people) is that we have to use ibuyit to request equipment for these people rather than just get IT to give us a temporary (old screens from EGM) until we move. What is happening behind the scenes on this issue - do you go an buy new ones or is someone substituting ones that are now redundent? Thanks" kitchen-l,I will start drinking heavily. I propose a huge night out when you get back! kitchen-l,"Barbara, It's Saturday night in Houston and Marcus (my husband) and I just hung your painting in our dining room. It looks unbelievable - we love it. I decided because I loved it too much to bring in home and it is now in our home. Thankyou so much . Tammie will sort our the money on Monday. I love it so much I had to bring it home.It is far too good for work. Take care and obviously our thoughts are with you at this time. We look forward to the yellow one and we have already decided where to put it. I will take so photos so you can see how prominent the red one is in our home. Take care" kitchen-l,"My contract is in Kitchen and I have done the drugs test, benefits etc in Nettelton. can you sort - thanks. Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646" kitchen-l,We recognize that we are experiencing a difficult time at Enron now and you are all interfacing with our customers every day. We are therefore holding a short meeting at 9:00am tomorrow morning to answer questions from you and your groups. Tammie to advise on the room. Please invite all of your groups. kitchen-l,Crystal Are you ok? -------------------------- Sent from my BlackBerry Wireless kitchen-l,How's the share price? -------------------------- Sent from my BlackBerry Wireless kitchen-l,"As you know I have Business Flights home each year under my contract. As I will be unable to travel to the UK due to the requirement to be in Houston over the holidays I intend to use them for my parents, borther and sister-in-law. Any difference in the cost I intend to cover or offset against the cheques from expenses which bounced until we can figure out whether Enron intends to meet expense payments." kitchen-l,What day does it show I was paid for the flights to the UK? I can't find the payment in my acco9unt. Oh Oh Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,"I went up to Chicago last week and noticed the lack of flat panels in the office. We obviously have hundreds of redundent ones in ENA Houston (as the new building has new ones), they are going to redeploy them to you guys - Free (as we have already paid for them). They are going to start with Calgary and Toronto. Contact IT if they haven't contacted you. Steve Harrington or Jenny Rub." kitchen-l,"Happy Birthday to you. Happy Birthday to you. Happy Birthday dear Paul. Happy Birthday to you. I hope this arrives today but just in case it doesn't - I thought I would let you know what it is. Lots of Love Sis, Marcus and Scott Boy" kitchen-l,OK Please check with Don Miller too. Netco does not want San Francisco going forward and probably not Chicago. kitchen-l,Yes please. Let's discuss how we move forward in the kitchen-l,Sorry only just got to read this. I sort of see EOL group as getting the customers to the point of being able to click and our marketers doing the masters. Looks like we will not get approval anyway - see you Monday morning. What did we send - it in or out?? kitchen-l,Any sign? Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,How are you doing with sierra pacific - I really need it? -------------------------- Sent from my BlackBerry Wireless kitchen-l,"Just when you thought it was safe............................ We need to start working on getting everyone together who is in Netco in time for the sale of the company. The ideal move time would be either this week-end or the next. The idea is that everyone (856) resides on 5 and 6 in the new building. HR has the most up to date list of who all of the people are. But essentially the organisation is just a smaller version of what we have today. All commercial people on 6, non-commerical on 5. We would need to plan for an office to be created in the room next to mine (but hold off on implementing that piece). As the credit group is already here (in the room next to mine) - it would be really good to move them first so they do not have to move back to the old building and then back." kitchen-l,I can send you people. Jay Webb and Jenny Rub can do the rest. kitchen-l,When people request an understanding of gas or power - does this mean you ask people from ENA to give tours or speak or something? Is there any role we play in hosting the event? kitchen-l,"Regulatory S. Montovano - E. Gas J. Dosovich - W. Gas C. Nicolay - FERC Alan Comnes West Power S. Walton - E. Power J Steffes Charles Yeung ERCOT Susan Lindberg Sarah Novosel FERC Are all of these people still here? We obviously hope so, as we would like them for" kitchen-l,The only contracts out before a bidder is awarded are the PA and ETA. Essentially the set up agreements for online trading. The PA is one page and the ETA several. These are standard and not long. Let's discuss tomorrow. kitchen-l,David Please remember Helen should we have an vacancies. Helen We have been substantially reduced on our numbers by our potential buyers so at this time I believe that there are no vacancies but David will keep you in mind. Good Luck kitchen-l,We intend to send a copy of all restart plans to our new buyer - could you please format your accordingly . Thanks kitchen-l,Mr Haedicke instructed destruction of the videos. As we couldn't tell which was which - they all went. I would assume Calgary has a copy. kitchen-l,This seems to be the best way of getting on top of all the meetings. Let's discuss. kitchen-l,Yes but no counterparty names. Jay has it all. kitchen-l,"No concerns. We managed to get about $40mm reduction the IT development budget, you are picking up some of the reduced budget (See Lloyd Will's email of earlier today). Let Lloyd know if you have any problems as we are getting fairly close to sign off. Thanks" kitchen-l,"Barry is in Accounting for now, Jim wants him for the estate. All of that was before you were in. I had to plan. I think Barry is an asset - Wes and I don't know where though. Any thoughts?" kitchen-l,Is Barry Pearce in the list? See below for kitchen-l,????? ----Original kitchen-l,ATS is not new origination and shows through the MPR. All the rest were too small. kitchen-l,I agreed terms with greg can you get my contract ready for me to sign tomorrow at 2pm. Thanks Get then to ring greg if nec - I really want to be able to tell people I've signed -------------------------- Sent from my BlackBerry Wireless kitchen-l,"Please arrange a meeting between ENA and EES asap. Title: Coverage Attendees from ENA: Frank Vickers, Chris Calger, Louise Kitchen, John Lavorato, David Forster,Dave Duran, Barry Tycholiz Attendees from EES: Ring Kay Chapman to find out. Early next week or end of this week." kitchen-l,Apart from the practicalities - Only Enron Canada and Enron Australia have the right to trade in the North American markets. Australia is in bankruptcy and therefore in default of the cost sharing agreement - so we assume that's dead. ECC is in the deal and selling its rights. So as far as the exclusive for North America Gas and Power we are OK. The practical issues are still huge but I thought I'd tell you this. No-one has rung me yet. kitchen-l,I agree - thanks for this. it will have slow death...................................... kitchen-l,"Been there, done that. This doesn't allow us to you have to be based in London!!!" kitchen-l,Any clue on numbers yet? Top's support people are ringing our guys and telling them they want more people (legal)! Bit of an issue when we'll be cutting. kitchen-l,When is it - I can't miss that if its the budget meeting? It appears to be every day. I am a bit worried now about next week - I appear to have some real scheduling difficulties. kitchen-l,Please organise a car to pick up my Mum and Dad at 4:15pm tomorrow to take them to the airport. Thanks Louise Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,We just need people to give us a week. Surely they'll give us that long. How are the new designs coming? Did you and Avril have a nice Christmas - I am trying to reconnect my UK cell phone - I have been on the phone for 1 and half hours. kitchen-l,What decision was made? I have no idea. kitchen-l,To be honest you guys need to continue organizing this as we have no idea what is going on in the creditors committee - I didn't even know they were here until Mark rang me. You can have whichever resources you want although Berney is EES. I would suggest you continue to lead the effort though. kitchen-l,I need a description of each of these assets asap - no more than one sentance on each. Before 9:15am if possible on email so I can pick it up on Blackberry. Thanks kitchen-l,I haven't asked Hunter - let's discuss in the morning. If motley is in we are out of money. I think you need to pay up for Foster- the lone marketer -------------------------- Sent from my BlackBerry Wireless kitchen-l,well - what do you think of that! I have someone who is a suplong Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,terminated as long as we can ie there has been a PIP in place etc but as usual things are slow. She refuses to take a director position - if you ask me she is posturing and will resign for another job shortly - I think she is looking for a payoff. kitchen-l,"Alterations to report MHI 501Fs are all unassigned All MHI 501Fs belong to Stan Horton's group (EGS) but are managed by EA. So please change this. See below Turbine Position Report CONFIDENTIAL Summary by Controlling Region September 21, 2001 ($ MMs) Financial Data as of 9/30/2001 UNITS MODEL CONTROLLED BY STATUS DASH APPROVAL DATE / STATUS PROJECT(S) CONTRACT COST SCHEDULED CONTRACT PYMTS TO DATE CANCELLATION EEL 3 9FA STAG power islands EEL Available Analyzing Arcos 250 193 175 TOTAL EEL 250 193 175 EA 1 501D5A simple cycle EA Available Analyzing Unassigned 25 23 25 1 7FA EA Tentative $16.5MM on 2/16/01 Columbia / Longview 39 12 9 2 11N1 EA Available Analyzing Unassigned 35 35 35 TOTAL EA 98 70 68 EGS 2 MHI 501F simple cycle EGS Available Analyzing Unassigned 37 22 37 2 MHI 501F simple cycle EGS Available Analyzing Unassigned 37 22 37 EGM 2 Fr 6B 60hz power barges (BV=0) EGM Available Analyzing Unassigned 13 13 13 PGE 1 LM6000 PGE Available Analyzing Unassigned - - - 14 UNITS - TOTAL GRAND TOTALS $ 361 $ 275 $ 256 per Summary By Status report 503 354 398 Difference (142) (79)" kitchen-l,The only thing I have to look forward to. That'll be fine kitchen-l,We plan to have a conference call at 2pm Sunday to discuss progress. We want to reallocate dollars which have been returned to the pool and ensure we keep the process moving and any contracts redone by the UBS team in preparation for Monday. David is going to send an email with contact numbers etc for questions people may have with regard to the contracts (apart from the numbers and promotions) as all those questions need to be sent to HR. Please make sure you contact all of your guys and have an idea of where they are at. Tammie will contact you all with the dial in number. The meeting will be in John's office. Thanks kitchen-l,You need to talk to Bowen. When payments stopped I moved out of the kitchen-l,Still seeking response. Can you kitchen-l,I have already registered several domaine names in the interest of getting up and running as soon as possible post sale of the business. I have experience of delays as we have tried to retrieve domaine names where people have squatted intentionally in order to extract large sums of cash. Should any of the buyers raise any issues - I do intend to use these for the purposes of our new business. I have a lot of them - spurious and real. kitchen-l,stop by my office. We want you in the new company. We have really been trying to get you happy. kitchen-l,"The meeting has been confirmed. They told me that they want to essentially gain an understanding of what our plan is to get up and running as quickly as possible which does I think differ slightly from integration. Have I missed any critical group? 9 am Introduction 9:15 am Infrastructure Rub 9:45am IT - Development & Ops Webb 10:15 am Mid Office Start-up Overview Hall 10:45 Credit Start-up Overview Brackett 11:15 noon Accounting, cash etc Integration Overview Colwell/Georges/Meyers 11am Tour of the building/infrastructure Donovan Thanks" kitchen-l,Thanks for your work on this. I can't wait for the UBS discussion on WSPP!!!!! kitchen-l,Sorry to mess you around on this but we have now booked the flights and we do not need the extra night - is it ok to cancel the extra night. If possible could you please send a new confirm when you have time. Thanks kitchen-l,i didn't leave strong and stable. I left a unstable but got loads of cash voicemail. kitchen-l,Need all those docs printing today. Also can you please check on why I have not being reimbursed by Continental for the flights at Christmas. Also - expenses - what is the situation. Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,Jay has been pulling reports over the last couple of days and so far so good. Reported attached if you need it. kitchen-l,Ok - I butt out. EBS only has a handful left now and with redundancies over there they are trying real hard to place their people. kitchen-l,In a meeting with your guys now. See you tomorrow. Louise -------------------------- Sent from my BlackBerry Wireless kitchen-l,Sorry missed this earlier - I'm in Chicago. Comments on BE - probably too late . kitchen-l,"Canada appears to be an issue. We need to make swift progress on this - unlike in the US the contracting entity with our counterparties will not be UBS AG, London Division but UBS Warburg Energy (Canada) Ltd. With the lack of parental company guarantees forth coming from UBS, this is going to be an issue. There are two main points, because of our current history our customers will not contract lightly with a subsidiary with no guarantee and secondly the credit group are asking for guarantees from our customers. Please let me know how we can progress on this." kitchen-l,"Our natural gas business continues to benefit from effective account management and resource allocation focused on identifying and responding to the needs of our varied customers. In order to keep our organization optimally structured and to facilitate additional growth, we are making the following changes: Producer/Wellhead Group The current mid-market, origination and wellhead pricing activity currently within the Central and Eastern Gas Regions will be consolidated with the Derivatives group under Fred Lagrasta. This will create a single business unit focused upon the needs of the producing industry within the Eastern U.S. The producer focus in the Western U.S. and Texas will remain unchanged reporting to Mark Whitt and Brian Redmond respectively. Strategic Asset Development Laura Luce will move from her role in the Central Region to lead an effort focused strictly on identifying and entering into long-term strategic arrangements within the Central and Eastern Regions. This initiative will focus on a limited number of selected markets that provide strategic opportunities for partnering in asset development, asset management and optimization. This effort will continue to work very closely with the regional leads. Central Origination and Mid-Market Frank Vickers will continue his current role in the Eastern Region and will assume the leadership role for Mid-Market and Origination activity in the Central Region. There will be no changes to the West and Texas Origination groups headed respectively by Barry Tycholiz and Brian Redmond. Please join us in congratulating Fred, Laura and Frank in their new roles. Louise &" kitchen-l,Why is this necessary in the first place? I really do not understand why it is necessary. kitchen-l,I was envisaging something like the one talked about for Canada which is cancellable by the estate at any time. Netco theoretically should be able to help the estate harvest the value in Feb and March where the majority of the value is for this contract. kitchen-l,Lisa now has everything. She Mauy have been told she had people but Nobody had started. I will be checking up with lisa -------------------------- Sent from my BlackBerry Wireless kitchen-l,but we do have the 'w'. Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,"We'll guarantee a minimum of $200,000 for 2002 based on current price of $25,000 per data room. We will not agree to an allocation though. Thanks" kitchen-l,Please find attached the governance schedule for UBSW Energy. Tammie will co-ordinate dial ins kitchen-l,"Hello Pat, We would like you to price: Chairs (2) The chairs (476) in 19-502 (Grade 18) with double welt trim as described. SOFA The sofa (6386-80) in 48-137 (Grade 26). PILLOWS 3 square additional pillows (2 in chair material and 1 in sofa material). Would the wood be the same in the sofa as used on the chairs? Please could you let me know the prices. Thanks Louise" kitchen-l,Can we meet after we are sold - things are very hectic now. How about some time in February? kitchen-l,Could one of you please authorize release of code from Research. Thanks kitchen-l,Any interest in chatting about a job at UBS? -------------------------- Sent from my BlackBerry Wireless kitchen-l,80 plus percent of all of our trades are with those 50. We need to give them a defined group for day 1. I had a long meeting with their chief credit officer from londonyesterday and he agreed to put someone here froM day 1 capable of making decisions I think we have credit working on 77 and we should start coMpiling the next list On the plane doors closing -------------------------- Sent from my BlackBerry Wireless kitchen-l,Ok by me. -------------------------- Sent from my BlackBerry Wireless kitchen-l,"Really you need to do it. Pack everything apart from the ESVL files and SEC subpeona stuff. Pack on ly what is in the hanging files in the cupboards and my drawers. Anything outside of a hanging file leave for later. I would prefer you to do it as it needs indexing. STuff in my office hanging files goes to Don Miller and the rest goes to ? (ask legal). Leave binders,etc for now. Did you get rid of the deal momentoes (4 boxes). Tell them they can get me on my mobiles - no problem. Liz can cover - have a great time. Pick up your tickets early in the day." kitchen-l,No master on EOL. GTC. kitchen-l,No - please carry on. UBS meeting went kitchen-l,It appears that the following email may not have been clear. You have to do this yourself. This is my cheat sheet if it helps. H Drives: 1. Each person will have to move any data over personally from the old H drive (which is now Z:) drive to their new H drive. 2. The Z: drive (old H:) will be removed from UBS employees on Thursday night. O Drives: 1. For the old O or M drives go to O:\ESTATE\ O (or M ? pending location of data) and copy to the new common O. The Estate O and M will be removed from UBS employees on Thursday night. Do not delete anything and only copy information which is complies with the policy. Please make sure that those people who are not in the office are contacted and comply. kitchen-l,Is it coming back? Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,"Let's get some time tomorrow. Essentially although there is still a long way to go and nothing is certain, Greg has decided that Rick will run a group including Market Risk, Credit Risk and Research. Things are too early to know whether you will report in only in that way or also directly through their credit departments which was certainly a preference of one or two of the bidders. Let's discuss more, I do have some other details for you too." kitchen-l,I read Anne's document - does that not work? What is John Casaucoumeq's title? kitchen-l,Jim Steffes will be contacting UBS through you. I did Citigroup (hope that's OK). kitchen-l,"Just so you know, I am nearer the bottom of the issue. A user of ibuyit can select whether they want new equipment or old equipment. So I surveyed our assistants - obviously more than ours up here, to see if any of them knew that you could order OLD equipment instead of NEW. None of them did, including TJ Black who has since I have been receiving my weekly reports ordered the most IT equipment. Jenny's group is to some extent relying upon this selection to buy the equipment. Don Black's equipment was bought new even though he is about to move but will get used in remote offices where they have no flat panels. So the buying is done by EA and someone else is benefitting. As there is no way around ibuyit, I think we need a default where we use old equipment instead of new equipment. As no-one replied to my previous email - I live in hope. Thanks" kitchen-l,I sent you all your birthday stuff a day earlier just in case we lose our email for a day if it is taken down to be cleared. Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,"Just a couple of suggested changes to both. There is a lot of confusion in the energy market as to the ownership structure of the entity. Enron had previously announced that the entiy would be 51% New Owner and 49% Enron. We need to ensure this message is corrected as clearly as possible - that it is 100% UBS owner. On the release for UBSWenergy.com - we do intend to trade physical gas and power immediately initially at least in the areas we can, so I have removed that sentence. Do you need all of the commercial MD titles or is Kevin picked out for a particular reason? Thanks" kitchen-l,"Greg, Mark and I met with the Estate this morning and Canada did come up in terms of the Transistional Services agreement. Could you let us see Kyle's request and we'll try and help from this end. How many people is he asking for to be seconded to the Estate. I am concerned over IT requirements as we never developed this software in the first place - it was created by Razorfish. In terms of 5, the person dealing with this is actually Per Dyrvik who is going to set up a conference call for us this morning. Peter - tried to ring you. Give me a call when you are free." kitchen-l,I meant rogue finance guys!! kitchen-l,Fine by me. The site will go live this week-end in preparation for Monday morning. kitchen-l,"Just to check have you ever done anything other than gas and zinc. If so, when and how much?" kitchen-l,Are you on the diet with me? -------------------------- Sent from my BlackBerry Wireless kitchen-l,Mary is working up all the options on severance and furloughs. She will have all the data and legal perspectives whenever we need to push a botton if we button. kitchen-l,"I am going to ask Greg W if you can be included in NewCo, but I never really asked if you wanted to be. Do you want to be?" kitchen-l,"John Arnold asked me this morning about individuals on EOL. Apparently,. John was told that I had a problem with this. I haven't had a conversation on this since 1999,. At that time I sidelined the issue as it was complex, bearing in mind everything else that was going on. I would suggest you and Mark address tis together. I have no idea who told John this as I haven't had a dizcussion on this issue since 1999. Louise -------------------------- Sent from my BlackBerry Wireless" kitchen-l,OK thanks. I'll presume its dead until I hear otherwise. -------------------------- Sent from my BlackBerry Wireless kitchen-l,Can't wait to see you. I think its a good choice. kitchen-l,I'm planning to go see Greg with Wes for 10 minutes on Friday to let him know how far we have got with the budgets. (IT budget for this year is $735mm!!!!!!!!!!!!!!!!!!! - I'm still working on this one kitchen-l,On my way down. Where do I go for lunch? -------------------------- Sent from my BlackBerry Wireless kitchen-l,On Wednesday morning we will be commencing the Due Diligence process with another counterparty. Andy Zipper has agreed to lead their team through the process. The Schedule outline is based on initial overview discussions/presentations and then more detailed discussion can occur in individual groups the outline is as follows: It may be better to split up earlier but I leave all those decisions to Andy. 9:00 Introduction John Lavorato & Louise Kitchen 9:45 Financial Overview Wes Colwell 10:30 Risk Overview Buy / Port 11:00 Credit Bradford 11:30 Back Office Beck/Hall 12:30 Systems (EnronOnline) Jay Webb 1pm Mid/Back Office Systems Jay Webb 1:30pm Infrastructure Jenny Rub 2:00pm HR Oxley Please make yourselves available - the meetings will probably take place on 32. Tammie - please organize lunch and refreshments etc. Assume Big Pig will bring 8 people. Thanks kitchen-l,Chris I am sort of hoping you know about the deadline for start up plans - I know yours is slightly different but something needs to be done by tomorrow. Thanks kitchen-l,"Our natural gas business continues to benefit from effective account management and resource allocation focused on identifying and responding to the needs of our varied customers. In order to keep our organization optimally structured and to facilitate additional growth, we are making the following changes: Producer/Wellhead Group The current mid-market, origination and wellhead pricing activity currently within the Central and Eastern Gas Regions will be consolidated with the Derivatives group under Fred Lagrasta. This will create a single business unit focused upon the needs of the producing industry within the Eastern U.S. The producer focus in the Western U.S. and Texas will remain unchanged reporting to Mark Whitt and Brian Redmond respectively. Strategic Asset Development Laura Luce will move from her role in the Central Region to lead an effort focused strictly on identifying and entering into long-term strategic arrangements within the Central and Eastern Regions. This initiative will focus on a limited number of selected markets that provide strategic opportunities for partnering in asset development, asset management and optimization. This effort will continue to work very closely with the regional leads. Central Origination and Mid-Market Frank Vickers will continue his current role in the Eastern Region and will assume the leadership role for Mid-Market and Origination activity in the Central Region. Barry Tycholiz and Brian Redmond continues to respectively run the West Gas and the Texas Gas Origination Groups. Please join us in congratulating Fred, Laura and Frank in their new roles. Louise &" kitchen-l,Piper is incorrect in the sense there is no decision on who owns the code or licence yet. EOL is not for sale today. kitchen-l,There is clearly an issue here - we have been asking for this for weeks now. Mark please help resolve. kitchen-l,A bit of light entertainment!! (See attached file: DoubleTree Show.ppt) - DoubleTree kitchen-l,Did you see Laura's message. It reads like she is in. Currently at the drug test place there are lots of ene people on the list -------------------------- Sent from my BlackBerry Wireless kitchen-l,How far is that (the airport they usually fly too) from downtown. It is probably a good idea to go and stay downtown -------------------------- Sent from my BlackBerry Wireless kitchen-l,Keohane or someone will be on their way to New York tonight. Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,Fine - how are you? Baby not turning over yet because he's big!!! Lots of people falling out of EBS aren't there. kitchen-l,Kal Could you please send Cathy a guest user id and password for EnronOnline. Please set it up with defaults so she can see some products. Thanks Louise Louise Kitchen Chief Operating Officer Enron Americas Tel: 713 853 3488 Fax: 713 646 kitchen-l,Can you redraft in light of how I redrafted the other one - removing Enron's name from the first paragraph. And resend to me kitchen-l,East Desk???? kitchen-l,I thought Port rang you hours ago -= he said there had been changes and he would ring you. His cell is 7134172565 His home is kitchen-l,Same thing just prettier and with more details. Suggest we send to HR for them to implement. kitchen-l,2024247643 is the fax. Please fax and courier original. kitchen-l,I have the master -= worried about your volume managment people? Its kitchen-l,"It is evident that our customers continue to view Enron as a major liquidity provider in global energy markets. Change 1,399 users to 1,399 counterparties." kitchen-l,Ok on Sachs I think that's a real problem with their money - how much each and how are the people? Essentially - how material? kitchen-l,I am assuming that's it for this trip. Please confirm there is nothing else like a restaurant reservatio or something? kitchen-l,We are doing Ok with 3 banks - we may still be in business. So we should all still have jobs. kitchen-l,I am assuming one of you comes initially - you or Bob. We don't mind someone coming later but do need someone in at the beginning. What do you think? kitchen-l,I would like to discuss a change of management for EnronOnline under the Netco scenario. I believe that we have a very short period of time to get EnronOnlne back up and running and with this in mind it may be preferable to change out the management sooner rather than later. I think there is a lot of preparation work which can be done now. Can we discuss? kitchen-l,Did you get this? -------------------------- Sent from my BlackBerry Wireless kitchen-l,4 days is long enough. I'll wait to hear from Carol but I believe we are ok. It was sold - not sure on closing - you need to email rob kitchen-l,We need to add the word energy to the 'ubs warburg' on the top left hand corner of our screen. So it reads UBS Warburg Energy. -------------------------- Sent from my BlackBerry Wireless kitchen-l,No - this is a serious problem FERC is just a month and probably will be expediated to less than that. I want all the transmission and pool agreements to start much earlier - what is the problem with starting the negotiation now. We really cannot accept these timescales - we have always assumed one month and all of this stuff is in place. I'll be on the phone call - let me know times/numbers Tammie - get Liz Sager to kitchen-l,We would really like some UBS signs for the trading floor - can we take the ones you have here? -------------------------- Sent from my BlackBerry Wireless kitchen-l,"We have resolved the issue partly. John now reports directly to Hunter. Give me a ring to discuss. I felt your voicemail needed sorting out - you did sound annoyed, quite rightly so I think we have solved most of the problem. By the way - give me a date and I'll be in Chicago." kitchen-l,No arrangements - he just hasn't had a good year. On a comparative basis I can't justify more. -------------------------- Sent from my BlackBerry Wireless dorland-c,For me it isn't about fulfillment or finding my life's purpose in my work. It's all about the $$$. Work hard and retire early. Cheers Chris P.S. I am moving back to Calgary in about a month. Enron continues to feel free to move me around at will. I am actually really looking forward to it. dorland-c,"Tricia, I have already spoken to the RIV and Canada Customs. My car was manufactured in Japan and thus would be subject to an import duty of 6.1%, the GST and excise and import costs. Purchase price = 35000 USD = 54000 CND Duty on this amount = 3300 GST on this amount = 3800 Excise tax = 180 Permits = 400 Plus costs to convert the speedometer and odometer to the metric system and label all safety systems with french language instructions (from RIV) = approx. 500 That brings us to $8200 CND plus the cost to actually transport it from Houston to Calgary (at least $2000). Total approximately $10000 CND. Hardly seems like the best option. Also, I called Williams moving to find out what the cost was to move me down here last year. And the invoice just for the move of my household goods from Calgary to Houston was $4700 USD. Just off the top of my head my out of pocket costs will be: Movers = $7300 CND (4700 USD) Flight = $1500 CND Hotel = $1500 CND October Rent = $1500 (I have a 1 year lease in Houston that expires at the end of October) The total of the above is $11 800." dorland-c,Picture didn't come through. Sounds nice. Is there somewhere on the web I can see it. dorland-c,I already have a minature goat. I am a little concerned about making a housing decision in one day but what the fuck. dorland-c,"Kiron, I am not that familiar with the corporate finance side of the business but I will ask around as to who would be a good person for you to contact. You might want to start with Kyle Kitagawa who is a VP in our Calgary corporate finance group. You can reach him at kyle.kitagawa@enron.com or 403-974-6700. Let me know if I can be any further help." dorland-c,"Mike, We are working some orders for customers on the rest of month Aeco / Malin spread. If our customers wanted to buy rest of month malin physical what is the premium to the financial product to get physical molecules? Let me know. Thanx" dorland-c,"Willis, Can you do me a favor and get my name taken off the Brad Galante e-mail list for plant outages? Thanx" dorland-c,Now that I have a place to live all I need is a chica. I am going to a wedding in Red Deer next weekend and there should be plenty of available young ladies there. How is Mike McD? Are you married yet? Any kids on the way? dorland-c,What's up? I nearly drowned on the way home the other day. Beautiful weather we're having. Are you feeling better? I got a cold but I feel better today. The trick is getting 10 hours of sleep a night. Tonight is the MTV movie awards. I really need to get a life. I mentioned the party to Rob but he forgot to ask Darlene. I'll let you know if they are coming tommorow. Talk to you later. dorland-c,Congrats on the CFA. I am actually fighting back today. How much time a week would you say you spend on yard work? I am thinking that I will go with a place more like yours. Let me know what you think. I am going to have to get Monica back. dorland-c,Thanx for getting back to me so quickly. I am looking for something about 1300-1500 sq. feet with one bedroom plus den or 2 bedrooms. The price range I was thinking was $225-250 K. Hope that helps. I will give you a call later in the week . Chris dorland-c,I am dead tired. We had a group offsite this weekend and it was a gong show. I haven't had a chance to talk to JL yet but I am going to try to catch him this afternoon. dorland-c,Hi Sorry if I blew your party girl cover with one of your colleauges. Cooper and I were out on one of our many walks and I thought I would say hi. Hope you are feeling better now. Saturday was fun. I shouldn't have gone to the bar. Ended up losing Max at the drink and going home. He was on a rant about his girlfriend and how women are all screwed up. I imagine he picked up some lonely girl. I would love to do lunch one day next week. Let me know when is good for you and if you like sushi. Take it easy. dorland-c,"Tych, I'm looking for 4 tickets for Friday's Astros game. If you stumble upon any let me know. Thanx" dorland-c,"Sherry, This stuff looks perfect. I think I like the 385-B the best. I don't think I want the hutch though. So I guess I need 3 pieces (385-512,519,533). Can please order the pieces you don't have in stock. Also, this Thursday is just fine to deliver that stuff. Can you please remind the guys in the warehouse to pick up that loveseat at Carleton House. Be sure to let me know what it cost to fix that so I can bill the moving company. Thanx for all the help!" dorland-c,Get me the 2.5 oz eau do toilette spray please. I will pay you when you come home. Thank you very little. dorland-c,Look at ENE 48.75. Easy money. dorland-c,"Dawn, I got your package yesterday and I signed the offer letter and will return it today. I wasn't sure what to do about the employment agreement because I signed a 2 year contract in April that is a little more detailed and restrictive that the one you sent. The main differences are with regards to the non-compete agreement (3.4) and termination before end of term (2.1). If you want I can include a copy of that contract with the offer letter. Let me know what you want me to do. Thanx Chris" dorland-c,I would like to sign up for the sprint broadband direct but it isn't a selection on the click at home website. Please inform. Chris Dorland dorland-c,"This definately sucks ass. It is surreal. I feel like I am watching a movie and this is happening to someone else. Other than work, how are things? I am so glad to be back in Canada. Except that it is really really cold. Are you on the internal MSN IM? Take care." dorland-c,"Kerrie, Hope you had a great Christmas. Mine was great. Very low key and relaxing. You missed a great night out in Red Deer on Saturday. High School reunion. Anyway take it easy and give me a call in the New Year and we'll get together for a drink. Below is my new address and phone number. Chris Chris Dorland 401 3511 14a St. SW Calgary, AB T3T 3Y1" dorland-c,Want to hear about a bad day. Down $2 million USD today. Temps came in 10 degress hotter than we thought in the Northeast this week and blew up! dorland-c,"Brad, Back in Canada and up to my eye balls in work already. I don't think I'll be travelling for a while.Can you change my mailing address with Mackenzie to my new address please. I think they have my Houston address on some stuff and mom and dad's address on others. We'll have to get together the next time I am in Red Deer. Thanx Chris #401 3511 14A st. SW Calgary, AB T2T 3Y1 H 403-214-0454 W" dorland-c,How was the Polo match? Did you catch the Sopranos season finale? A little disappointing if you ask me. I worked out yesterday and I can't straighten my arms. A little uncomfortable. Bring on the Advil. Talk to you later... dorland-c,You need to get set up on msn messenger. I takes 2 seconds. Ask an IT guy. dorland-c,After the pain in the ass selling my current car is giving me I am thinking about leasing. Can you work up some lease rates for 24 and 36 months. Thanx dorland-c,Done. I'm moving in! Can I borrow your lawn mower? I need to decide what I am going to do with my ride. I think I am going to bring it with me and buy a set of winter wheels and some killer winter tires. Don't you have a tire guy? dorland-c,"Crystal, Scott is off to Dallas for the weekend but I think I can swing checking out a game on Friday. How many people? I'll try to find some Enron tickets. Let me know..." dorland-c,I slept (was passed out) through the whole thing. My car is on the 4th floor of the parkade so luckily it was fine. I love the MTV movie awards. Shannon Elizabeth rules. Halle Berry naked in Swordfish. Can't wait. What's new with you? dorland-c,"Carlos, Could you run a report that shows all the deals in my books (Financial and Gas Daily) as of close of business on Friday (Sept.14). I doubt I will do any trading over the next couple of days but you should probably wait until tommorow afternoon to run it. Thanx," dorland-c,"Jill, Sorry about the brief first reply things have been a little busy. What is with people (that article) ? Working long hours just for the sake of working long hours. I am pushing for a 4 day work week. Why Calgary? Why not? I love Calgary. Actually the guy that ran our trading operation in Calgary is getting married to an American who works in Houston so he is moving to accommodate her career. This has left a hole in our Canadian operation and my boss felt that I was just the cork to fill that hole. I think it is a promotion. Besides, Houston in the arm pit of the world. This city has few redeeming features. What it lacks in culture and sophistication it makes up for by its lack of clean air and any form of natural beauty. Actually, it isn't that bad. Houston has good restaurants, decent night life and the people are really friendly but given the choice I would much rather live in Calgary. In this business odds are that I will find myself back here sooner than later so might as well enjoy Canada while I can. Kerrie got engaged. Good for her. I have a cactus in my bathroom that is dying from lack of attention. I am not engaged. I was seeing someone for a while but she took a work assignment in Venezuela. No big loss. Too old for me anyway (31). Glad to hear that you are enjoying you time in NY. I am going to have to visit some time. I know I say that every time we chat but I really would like to try to get down there before you move on to your next destination. Or is NY home for a while? No Vacation plans other than that I am going to Matt and Jen's wedding this weekend. Should be a good party and I hung out with those guys quite a bit when I was living in Calgary. Also I am going to look for a place to live in Calgary in Friday. My friend Mohammed from TO is moving to Rotterdam to do his MBA so I might try to visit him in the spring. Do a little Amsterdam, Paris, London whirlwind tour. My family is doing great. My dad sold Titan to a Comglomerate from the US and is retiring in January and my mom is up to the same stuff. Dancing and buying shit for their house. Both of their health is great. My dad has been playing lots of golf and feeling great. How is Meg doing? Is she in Australia now? I should get in touch with her. I saw Reagan Neiss in commercial for her TV show last night. Good for her. I hope all goes well for her. Dan did go to D's wedding. Said it was really nice. Still don't get that one? I have to stop writing now my fingers hurt. Keep in touch. Chris (this e-mail is record length for" dorland-c,Nav What's going on. When I moved to Houston my e-mail address book got toasted so I am glad you sent your address. What's new? Where are you working now? I am in Houston trading electricity now. I like the job but the city is a dump. Take it easy dorland-c,"Stephane, Do you guys have a good map of Alberta and BC that includes Alliance. If so please send it to me." dorland-c,"Chris, Can you make sure that the guys in Calgary have access to the new fundy's site. I am having problems getting in. Thanx Chris" dorland-c,"Peg, When you get that list together could you please send it to me? Thanx" dorland-c,Chris Any progress getting us access to the fundy site? We would really like to be able to look at the weather ect.. Thanx dorland-c,"Tim, I spoke with Mike Swerzbin earlier today and he suggested that I get access to your web site. If you could set me up that would be great. Also if you could send me the URL. Thanx" dorland-c,I don't know what my user name an password are for the system. Chris dorland-c,"Mikey, What are you doing Labour day long weekend? I was thinking of going to TO to see Dan. Any interest?" dorland-c,"Tricia, I think I gave you the wrong fax number for Terri O'Laughlin at the Royal Bank. The correct number is 403-292-2182. Thanx" dorland-c,"Carlos Thanx for the pos report. Would you mind sending it to me each morning? Also, can you make sure that they have all of the deals (other than the few I have done) transferred out of my book by the end of the week. I talked to Brian? and he said he would look after it but can you make sure it happens. Thanx," dorland-c,"Kim, Any word on what happens to my 401k and/or savings plan when I transfer back to Calgary? Let me know. Thanx," dorland-c,Give me a call at home tonight. I just got a call from Lavo. dorland-c,"Dwayne, As you can Imagine things in the US have been a little crazy which is why I haven't gotten back to you untill now. I will hopefully be in Calgary on Monday and will give you a call then. My office number in Calgary is 974-6910. Are the windows on that truck tinted?" dorland-c,When I was 26 I was looking for an 18 year old girlfriend who looks exactly like Britney Spears. Keep your eyes open. 2 Weeks till I am back in Calgary. I can't wait. Sold my car yesterday to a buddy of mine down here. I'm going to buy an Grand Cherokee Limited like my mom's. Black I think. What's new? I can't wait to get this move over and get settled in Calgary. I am really excited to move into my new place. It is going to be sweet. I think I can accomodate your request for a synthetic pillow. Are we going to be able to get some golf in before the snow comes? dorland-c,You not working today? I called like 3 times. Did you hear about Jaimie Hawley's litttle brother? She must be a mess. I haven't got anything for Mom's b-day yet. Any great ideas? Did she get her flowers for Mother's day? Father's day is coming up June 17. Maybe we should give Dad that Arnold Palmer flag for father's day. Later... dorland-c,Judy That is what I thought. Have you heard anything regarding my refund? Did they trace the check? Let me know. Thanx Chris dorland-c,I didn't know Blair lived up there. Do you think it's too late to flake on the deal? dorland-c,"Mike, I am not coming to Vancouver this weekend after all. The car I really wanted to look at sold so I am postponing my trip. I will probably be coming out in the next month or so and I will let you know. Take it easy. Do you have John Hughes' e-mail address?" dorland-c,The files for the Canadian office are located in I:/Newco/... The master despriction file contains descriptions of the contents of all of the files from the trading and marketing groups for easier navigation. If you have any ?'s give me a call. Chris Dorland dorland-c,Keith just told me that Mckay is moving down here. I guess it is out now. Did you talk to John Z? dorland-c,"Ian, Forget that last message. Apparently my e-mail just updated. Thanx" dorland-c,http://www.segalmotorcar.com/pages/porsche/frame.html Check out the Silver/Black 98' 993 C4S http://www.broad-reach.com/~jlund/2002C4S.html This car is heaven on earth!!! dorland-c,Can you please send her this data? Thanx dorland-c,Things are look up on the Sept/Oct. Spread I think I am going to add to my position. Cash going out week. dorland-c,"Grigs, As far as I know we not planning on deliviering for Jan. I will ask Cowan and Peggy and get back to you. Chris PS Hope you had a good Christmas!" dorland-c,No chance of me getting back on the cougar trail. I have devoted myself to scouting out dumb blondes under the age of 25. Ideally I will find some 22 year old Britney Spears look alike. Wish me well. dorland-c,"Al, I am moving to Calgary from Houston and am wondering if Lexus has a winter wheel/tire package for the 2001 IS 300. If not could you recommend a wheel / tire dealer in Calgary who could help me find something that would work. Thanx for your time. Chris" dorland-c,"Ian, When I said spread I didn't mean graph the basis as opposed to the fixed price (these graphs are essentially identical to the first ones you did) I want a graph of the relationship (spread) between the 2 points. i.e. if Nov-Mar Sumas was marked at 0.20 and Nov-Mar Aeco was marked at (0.45) the Nov-Mar Sumas Aeco spread would be 0.65. Sorry if I wasn't clear. Call me with any ?s. Chris" dorland-c,Purchase. No financing necessary. Thanx dorland-c,How about TD bank. The gift that keeps on giving. Power still weak. dorland-c,Where is you place? It is pretty close to there isn't it. dorland-c,"Mike, Can you light a fire under the phone guys in Houston to look into fixing our line. I'll talk to our guy and get his gas in gear." dorland-c,"Keith, How was Portland? I'm out of the office moving most of Monday but I'll give you a call on Tuesday. Did you get a chance to drop of my keys at the rental office?" dorland-c,I replied to this message earlier that I would like to move to the Enron Center garage but have not received a reply. Can I just go to the parking desk on level 3 and change my 1600 Smith card? Chris Dorland dorland-c,"Chris, I am having trouble accessing the in-house 6-10 day weather comparison on the fundy's site. Can you make sure I have access to the whole site? Thanx Chris" dorland-c,"Brad, Any progress on the direct line with the west desk? If we need to use a different circuit or something let me know. I called Mike Grigsby and asked him to look into it on his end. It is important that we get this line working as soon as possible." dorland-c,"Nice looking truck. Is this one the same price? About $45,000? I will be working out of my Calgary office on Sept.6/7. Could you bring it downtown to take me for a ride on the afternoon of the 6th?" dorland-c,Pls migrate and notify of any help needed. Daniel dorland-c,"Jose, Could you please add me to the distribution list for the weekend weather update. Thanx Chris" dorland-c,This just in. Skilling resigns for personal reasons. More to follow... dorland-c,Thanx for the heads up. Did your friends wonder why you had invited the paper boy to your party? dorland-c,Thanx I'll keep those suggestions on file. I got him a pretty cool hammock from this Sharper Image type place. Hopefully it will help him relax a little. dorland-c,how come you never answer your phone???? dorland-c,"Kim, Got the envelope yesterday. Thank you very much." dorland-c,I sold my car. $28000 USD but Enron is going to pay me $3000 USD for not having to move it and get it licensed in Canada. So it cost me $5000 to drive that car for a year. Not bad I guess. Have you and mom had any problems with her jeep? dorland-c,Enron getting worked!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dorland-c,Checked out the whiskey on Saturday. It is a really cool club but the no under 25 takes away from the talent pool. You still coming to town next weekend? Let me know. dorland-c,I think I saw her. If it was her she was pretty cute. Dan and I went to Earls last night and then just chilled. His flight was 2 hours late and they lost his bags. We are going back to the Deer tonight and I am going to have some people over tommorow pre-whiskey (around 7:30). You should come by tommorow night. My home number is 214-0454 and my cell is 875-6146. Talk to you later. dorland-c,"I am going to be moving back to Calgary from Houston in mid september and am looking to buy a loft or condo in the downtown area. I am thinking about 17th ave. and Kensington but I am open to other ideas. I will be in Calgary a couple of times in the next few months and would be interested in getting together to look at properties. If you could send me an e-mail with your contact info. I will call you to arrange an appointment. Thanx for the time. Chris Dorland Enron North America 1400 Smith Street Houston, Texas 77002 (713) 853-1663" dorland-c,Did you get the RRSP contribution I sent? I need you to make a copy of the check and send me that and a receipt. Thanx dorland-c,Just trying to bang a living out of this market. I get here at 6:30 everyday. I also leave at 4-4:30. dorland-c,I don't need that user. Thanx dorland-c,I bought a place in Altadore / River Park. Right near where Blair lives. #402 3511 14a st. SW. Great place and great area. I'll be in the office next Thursday and Friday and then I am back in Houston for a week. Start in Calgary Monday the 17th for good. See you next week. dorland-c,I think a mid sept tee time will work. I want to try to be there for the off site with the west guys. Tell John Z I'll call him this afternoon. dorland-c,Sorry about the producer recommedation. Still a proud RAX shareholder? dorland-c,Would you like to buy some $84 ENE Calls? How is you day going? Did you come to an agreement regarding your trip? Let me know what time you are going to be home tonight and I'll give you shout. dorland-c,I would like to get set up the trade the Nymex spread products on EOL. ADM92764 Thanx Chris dorland-c,"Mine has leather, limited slip differential and special window tinting that reflects heat. Plus no tax." dorland-c,"Mike, Give me a call. 403-974-6910" dorland-c,"Stephane, Can you please set up a flexible template in excel so that we can fool around with the numbers on our X forecast and make copies of the historical data for the last 3 winters for everyone. I would like to have this done today so I can see the finished product before the meeting. Let me know if you have any questions. Thanx" dorland-c,"Russell, Can you e-mail me the ""model"" spread sheet. I want the eol technology." dorland-c,Basis snapping in. Wow. Long Oct. Aeco Basis works again. Nov-Mar is like 5 cents tighter today. You guys making some $ ? dorland-c,"Mikey, You checking this e-mail yet. Gowans called me last night and I got to hear all about how great her boyfriend is. Drop me a line." dorland-c,You are in charge. I think some DVD's is a super plan. I was also thinking that a really nice hammock would be a great gift but I have no idea where to get one. I will talk to mom and see if she knows where we could get one. dorland-c,Stock market is exploding. Dow 11133 (up 260). Nasdaq 2150 (up 60). It has to be higher than where you bought now? dorland-c,Carmax showed me a $29000 bid. I'll sell it to you for $29500. dorland-c,"John, Here is what I think my out of pocket costs of this move will be: Movers - $7500 CND Flight - $1500 CND Temp. Accomodations - $1500 CND October Rent - $1500 CND I am already at $12000 CND and I haven't even got to the car or any incidental costs yet." dorland-c,"Tricia, I was wondering how I get set up with shaw cable internet access. Do you have a number I can call?" dorland-c,"Angela, Could you book a conference room for me on Thursday September 6th at 10am for about an hour. Any room is fine. Thanx Chris" dorland-c,"If one year ago you bought $1000 worth of Nortel today it would be worth $50. If one year ago today you bought $1000 worth of budweiser, drank all of it and returned the cans you would have $80." dorland-c,"Mikey, I am thinking of going with a townhouse / infill as opposed to an apartement style condo. I am going to look mostly in the Altadore / Killarney area. I think you get more house for your $ there as opposed to West Hillhurst. A couple of people have told me to check out Garrison Woods. Have you heard of it? What is the plan for the weekend. You should come down to Red Deer on Friday and have Earl's with the Dorlands. Maybe we could track down Johnny after. Are you taking a chica to the wedding? I am so looking forward to coming home. I got my face ripped off last week. Talk to you later..." dorland-c,Thanx for only sending the bullish reports. They helped me come in from off the ledge. dorland-c,"Matt, Looking forward to the wedding. Unfortunately, I don't think I will be able to make it August long weekend but say high to Johnny and think of me. Take care and be sure to say hi to Jen." dorland-c,Teri thanx for Al's address. I have Jan's info. for you p. 416-205-4542 dorland-c,The patented move is starting to pay. This just in. Skilling resigns for personal reasons. Wow! dorland-c,I think Rob and I might try to golf (or just hit some balls) after work. If we do we will probably go to Tradition (way North). I'll let you know. If I'm not going to be home I could leave your Amex in an envelope at the office of my apartment or you could grab it when I get back. Let me know... dorland-c,Lee Clarke... Sounds like a fag. Garrison woods that is the place my mom was talking about. Do you live near there? dorland-c,I'm working it. Liquidity is a little thin. dorland-c,"Tricia, Here is my missing info. T2T 3Y1 403-214-0454 Thanx" dorland-c,"Judi, Did you receive a quote for Williams yet? When I spoke with Terri she said that $5000 USD was a pretty good estimate for my move." dorland-c,Sorry I didn't get back to you. I have to run some errands tonight. Give me a shout at work tommorow. 974-6910 dorland-c,"Chris, Could you please give me access to the west desk info. and the gas message board on the commodity fundamentals web site. Thanx Chris Dorland Canadian Gas" dorland-c,"Tamara, Thanx for the info. I have 17"" wheels on it now so I guess I will have to get wheels and tires. Do you know what the 16"" wheels look like? Is there somewhere on the net I can see an example. Also I will need to have my car winterized (install a blockheater ect...) when I move back so I will give you a call then. Chris" dorland-c,That is fine with me. I hate industry parties. Thanx dorland-c,All is good. Just waiting around for my UBS business cards. Not much is new. Might be buying a porsche. Got rid of the chika and am looking for a less bitchy model. Say hi to the boys. dorland-c,"Ryan, What's up? I don't know if you heard yet but it looks like I am moving back to Calgary in mid September. I will see you August 17. I'm coming home for Matt and Jen's wedding. Take it easy." dorland-c,I looked at the MLS listings and there is some stuff on there. I have a realtor who seems to have her act together. Don't worry about it. How long would it take me to get to work from there? dorland-c,Yeh! Sept.6-7 Try to find a sub. This is Johnny we're talking about. dorland-c,sounds good I will make sure the trading stuff get there. Any dirt on my brother would be greatly appreciated. dorland-c,Do you have a number for MSN customer service? I want to cancel my MSN account but have no idea how to get in touch with them. dorland-c,Hey! I think I am going to go home early so do you want to meet at my place around 6:30? dorland-c,I would e-mail rod but fucking outlook lost my address book. Do you have his e-mail. dorland-c,"Mike, What's going on? It is hot as shit down here. I had to get a new # because that crazy cougar was stalking me. It is 713-665-8145. Just kidding my old phone company went belly up. I am really looking forward to Matt and Jen's wedding. I bought a new lampshade to wear. Be sure to get Matt all fucked up on the stag. Talk to you later." dorland-c,Crystal Sorry it took so long to get back to you. My boss has been out this week and I am doing both our jobs. Lots of fun. I'm glad you had a good time on your trip.I need a vacation. Are you over your cold yet? It is funny how many people I know have colds in the middle of July. I didn't do anything exciting of the 4th. I watched the NY fireworks on TV. We were on a big gong show weekend the weekend before in Conroe so I needed rest. Better get back but I'll write back later. dorland-c,Coming to town Thursday for the weekend and hopefully moving by the middle of September. Spending Friday house shopping. I think I am going to end up in your neck of the woods. Seems like the best values are in that area. Are we going to get some snow this winter? We need to find Dorland a date. I am going to a wedding this weekend and there should be lots of single chicas there. I am really looking forward to being back in Cow town. Houston is painfull. Later dorland-c,I have transferred to Enron Canada (Calgary). Please forward it to me here. Thanx Chris Dorland dorland-c,Stephanie My phone number needs to be changed on the web site. My new number is 403-974-6910. Thanx Chris dorland-c,What press? All the news I've read is great. You're on crack. dorland-c,Actually lots. Keep this on the QT for now but this kid is moving back to cow town. I'll be in town next week shopping for somewhere to live. Just in time for ski season. Later dorland-c,I'm not very excited to hang out with Mikey all the time. See what Johnny is up to and hit the Benson and Hedges menthol's. dorland-c,Thanx. I haven't done a trade in over an hour. dorland-c,I think I'm going to buy a Grand Cherokee Limited instead of the X5 and save myself 30K. Are we on with Johnny next week? dorland-c,"Ian, I didn't get yesterday's ops package. Can you make sure I get it today. Thanx" dorland-c,Nice! I think you hang on untill just before it fills the gap in the chart at yesterday's low of 42. dorland-c,"Kerrie, Congratulations! I actually heard the big news last week from Jill (of course) but I have been meaning to drop you a line. I was in town last weekend for Matt and Jen's wedding and while I was there I bought a house in Calgary. I'm moving back on September 15th to trade gas again for Enron. One again congrats and I'll give you a call when I get back to town." dorland-c,"Mikey, Dan is going to come to town this weekend. I was thinking of going to the deer on friday and then going out in Calgary saturday night. Let me know what you think." dorland-c,I bought a brownstone in the River Park / Altadore area. #402 3511 14a St. SW. A really cool area and a great place. We will have to grab some sushi and catch up when I get back. dorland-c,Are we going at 6 or 6:30. I don't care. dorland-c,"Stalker, I just talked to Milly and he suggested I get with you to talk about our position on Duke's aquisition of Westcoast. I just want to understand which regulatory body oversees the pipeline and what (if any) rules will apply to creating a wall between the pipe and Duke's marketing organization. Let me know when you have got a minute." dorland-c,"Made it safely. Thanx for the concern. Take care," dorland-c,Jill What's up? I am still not doing much at work. Waiting for the UBS deal to be finalized and then it is back to work. Really excited for that too happen. You can only surf the net for so long. Kerri's wedding will be fun. Where are they having it? The round-up center or something. Not sure where that is. Hope all is well. dorland-c,"Dad, Booked my flight home in August. Arrive Thursday Aug.16 at 3PM Depart Monday Aug. 20 at 3:40PM" dorland-c,"Kim, I am going to be moving back to the Calgary office in about a month and I wanted to touch base with you so we can organize any HR issues before I go. In particular I was wondering what happens to my Enron savings plan (401k) when I go back. Let me know if there is anything you need me to do for you." dorland-c,Don't forget pink fuzzy dice and chain steering wheel and red interior lights. Chicks are going to love it. I'm going to get a chick with a python wrapped around her painted on the side and get those tires that stick out 6 inches from the wheel wells with gold plated rims. SWEET! The funny thing is that in some neighborhoods in Houston (predominately latin) that would be a killer ride. dorland-c,I was just yanking your chain. Deep breaths. Go ahead and make whatever adjustments. dorland-c,That is weird. Who would take the time to figure that out? dorland-c,"Laura, I don't know if you have heard but I am moving back to Calgary to trade gas. I am coming back in mid-september. Would you do a USD/CND currency swap for me when I get back? I would like to avoid the Royal Bank's huge bid / offer spread. Let me know. Thanx" dorland-c,Too bad. Going back to calgary on the 26th. dorland-c,"Dad, Just though I would let you know I talked to a Royal Bank credit specialist this morning and he will get back to me this afternoon. I also talked to Jordan and he is going to take call Linda and get going on the paper work. I think I am going to come back to Calgary September 6-7 to finalize everything. There is an Enron Canada offsite in Banff that weekend (Sept 7-9) that I should go to. Thanx again for all your help this weekend." dorland-c,Great story. I think that was my Grandma Ivie. dorland-c,What is this thing? Mo got into the MBA program at the Rotterdam School of Management. How perfect is that? Going to do his MBA in Holland. You should call and congratulate him. It is actually a really good school. I am definately going to visit. dorland-c,Vicki I called the number you gave me and they said that my refund check had been mailed in May. I never received the check and am wondering what to do next? The IRS said they would put a trace on the check and get back to me but that was over a week ago. I was wondering if PWC could look into it for me as you might get further than I have. Please contact me if you need any further info. or with any questions. dorland-c,"John, Cancelled my trip to Vancouver this weekend. Car I was going to look at sold already. How are things going? Married? I am soo glad to be back in Calgary. I didn't think much of Houston. Life has been pretty boring. Looks like things are going to get busy again. Going to be working for UBS Wharburg Energy. A sub of UBS AG. Should be good. Seems like at great company. AA+ credit will be nice. They have a good risk tolerance and are more or less going to give us limits and let us do our own thing. Hopefully a little more stable than Enron. I think the largest financial instituion in the world should be. Anyway give me a call if you get to Calgary and we will grab some food. Take care Chris Chris Dorland 401, 3511 14A St. SW Calgary, AB T2T 3Y1 h 403-214-0454 w 403-974-6910 c" dorland-c,If any other newpaper publishes a summary of the same report will you please send it to me. Just kidding. Going to MLS listings right now to look for good investment properties. I think Red Deer might be and even better buy. dorland-c,"My mailing address. 5151 Edloe St. #14306 Houston, Texas 77005" dorland-c,Hey there neighbor. Bought a house this weekend #401 3511 14a st. That is pretty close to you place isn't it. You'll have to drive by and check it out. dorland-c,Fuck you. That's how we spell it in Belgium. dorland-c,Peggy Could you send the location of the file with the descriptions to Anne Koehler in Houston and cc Nella. Thanx for your help. dorland-c,That is great. We were just having a discussion about going to other floors to take a shit because our bathroom is such a dump. dorland-c,"Tricia, Have you looked in to the stock option line item on my pay stub yet? The number on the stub is about 36000 and I think about 18000 is accurate." dorland-c,Hi everyone! Once again I find myself being tasked by Geof Storey. Houston has requested that we make lists of all applications that we use and also that we consolidate all of the files (models and data) that are critical to our business (I don't think MP3's count) into one directory on the network. This is so that these items can be included in the proposed deal with newco. The Calgary Trading group has set up a directory on I:/trading/newco and I think if each group did the same that would be great. Each group should probably have one person in charge of the directory so there isn't any overlap. Call me with any ?'s/ Thanx dorland-c,Lisa in Alberta.com people finder. o'connors dorland-c,I hear your sister is looking for a piece of action so I thought you might tell her about the kid. Graduated in 1997 with an HBA from The Richard Ivey School of Business (University of Western Ontario) Started at Enron in may 97 as an analyst in the trading group working for Lavorato doing fundament analysis and acting as Lavo's trading assistant (slave) Started out trading BC Cash desk in June of 98. Moved over to trade short term Aeco in Sept 99. Did that for a year. Mike McDermott and Laird can let you know if I was any good. Went to Houston in Sept 2000 to trade east power. Traded Cinergy cash desk and worked next to Fletch Sturm (Cinergy Term Trader) for a year. Learned a little bit about trading from him. You know the rest. What are her measurements again. 26 36 26 Can that be right? dorland-c,Sorry to freak on you. I'm a little stressed. Do what you think is right but never use market orders on option. It is a free option for the market maker to fuck you. dorland-c,"Hey, What's up? Dave is in Mexico but I will call Scott and see if he has plans. We might be having a trading group bonding session (dinner and intense drunkeness) on Friday at my boss's hoose but if not I'd love to check out the game. Can I let you know tommorow? Let me know..." dorland-c,"Claudia, I can't manage physical product on eol (stack manager). Can you change my profile so that I can? Thanx Chris Dorland (eg. Nov-Mar Physical Huntington" dorland-c,I am long the Sept-Oct NX1 spread about 250 times. I love that trade. Rack up another half million for me today. Fuck! dorland-c,"Megan, I haven't bought a car yet but I will let you know when I get one. When do we get the stalls in E&Y?" dorland-c,I just heard from a mutual friend that Kerrie Murray got engaged recently. Scratch that one off the list of possibles. dorland-c,"No luck getting your lease calculator to work? Actually, don't worry about it I have change my mind back to buying." dorland-c,I'll probably have a little room but below 28K I'll probably just move it back to Calgary. Let me know if you want to see it. I car pool with Benson so I only have it here every other day. dorland-c,Looks like bullshit to me. How was the Deer this weekend? What are you doing this weekend? I will probably just be moving all weekend but we should go out next weekend. dorland-c,That's fine. Thanx for trying. dorland-c,"Hi Traci, I had a very relaxing weekend. Slept 10 hours both nights. Worked out and chilled. Very good weekend except for the weather. No worries about Friday. The highways were ridiculous. My brother is coming to town on Thursday for a week. It will be good to see him. I am planning on being in Red Deer on the weekend of the 8th. Maybe we can get together then. Let me know if you are free.Have a great week and I will speak to you soon!" dorland-c,One more trade. Sold 1000 gj/d Aeco DI c/gj to Cowan at 3.175 (EOL) Just to balance. dorland-c,"I still see her now and then but she lives a rock star life and I don't have the stamina to go out 4 nights a week and get up at 4:30 for work. A little old for my taste as well. She is hot though. She looks exactly like Mariah Carey. It is great hanging out with her. It is amazing how much more interested other chicks are in a guy who hanging out with a bunch if hotties. Her best friend does the social ""buzz"" show in Houston's NBC station so she gets ticket and invites to every thing cool around town." dorland-c,"Tricia, I have completed all the forms you need. Let me know when you have a minute and I will drop them off." dorland-c,Finally got it. Thanx. dorland-c,"Stephanie, I need trade access to the USD Currency products on EOL. ADM46075 Thanx Chris" dorland-c,"Crystal, How was your trip? I was in Lake Conroe last weekend for a work retreat. We had a great time but I think Austin would have been a better destination. Susposed to be 95-100 next week but feel like 110 with the humidity. Can't wait. Take it easy." dorland-c,"Rod, What do you think of the Canadian bank stocks? Relative to their US counterparts they seem cheap. I know that the discount is due regulation (no take overs or mergers) but in a 4% interest rate environment a 4% dividend yield looks pretty attractive. Not to mention they continue to crank out earnings quarter after quarter." dorland-c,"Maria, That is pretty close but we don't even have real guns... just snowballs.... How are things going down there? I am pretty much settled now but still waiting for a bunch of furniture so my house is pretty empty. Hope all is well." dorland-c,Any progress on our access. We would really like to get a look at the weather up here. dorland-c,The bonus structure was lined out in detail in a couple of HR video conferences we had with Houston. It is about 10X better than enrons. dorland-c,"You can send it at any time during the day. Thanx, Chris" dorland-c,"Al, How you doing? Just ran into Teri at Starbucks and she sent me your e-mail. Hope all is well with you and your family. I have one of the pictures of Madison you gave Mom in my house. She is soo cute! Anywany take care and if you find yourself in Calgary give me a call. Chris w 403-974-6910 h" dorland-c,I might be moving back to Cow town. I'll call you later... dorland-c,Do you have the phone numbers for these guys? Thanx dorland-c,"The colors that interest me most are black, silver, white, burgundy and champagne. I will be in Calgary on Sept. 6/7 and I will give you a call. Are you going to be in the office on those days? Chris" dorland-c,Try to stay away from fried and starchy foods. I'm trying to watch my figure. dorland-c,"Ryan, Sorry I haven't gotten back to you. As you can Imagine things around here have been a little nuts. Just wanted to drop you a line and say hi. Everything with me is fine and I have several options in front of me. The next few months will probably be pretty frustrating but I am confident everything will work out in the end. As far a snowboarding I'm not sure if I am going to be able to get out before christmas. I am coming to Red Deer on Saturday for the night and will pick up my board but the girl I am seeing is going home for XMas on the 20th and I think it would be bad if I made plans to going skiing next weekend. Hope all is good with you and I'll talk to you soon. Are you going to be in Red Deer this weekend? If so let me know and I will give you a call." dorland-c,Congrats on the CFA! Maybe one day I'll get off my lazy ass and give it a shot. dorland-c,Sounds good. If you talk to Heather Flemming or any one else mention Saturday night. I have to pick up some jeans at Underground so I will stop by and visit you tommorow. dorland-c,Bastard. This weekend I am going to a lake resort north of Houston with the guys in our group ( and all their wives and kids). Should be OK. Say Hi to all the boys. dorland-c,"Linda, I found your email address on the internet so disregard the message I left on your cell. The following properties are the type of place I have in mind. I thought that these would give you a better idea the general concept I am looking for. I am starting to think that a townhouse / infill is a better way to go as opposed to an apartement style condo. I look forward to meeting you on Friday. Below are some MLS #'s of properties that interested me and my contact # in Red Deer / Calary. Thanx Chris Dorland Cell 713-416-6694 Red Deer home 403-343-7086 MLS#'s 2164012 2164008 2164018 2164023 2165562 2180545 2180565 2180660 2178878 2161367 2166627 2179996 I have also heard a lot of good things about Garrison Woods and would like to check that development out." dorland-c,Nov-Mar Sumas has moved about 0.20 since I started watching it. I guess that's enough vol. for me. dorland-c,On the base model. Mine has 6K in options. It is totally loaded. Silver/Black with 3800 miles. dorland-c,Congrats! How was Bali? I've heard it is beautiful. dorland-c,"Bean, Did you guys get another car yet? I am selling mine cheap before I move." dorland-c,John My month to date P&L is incorrectly showing (300K) on the P&L report because they haven't transferred all of the deals out of the BC book into Lambie's book. I am told that this won't be done untill next week? because Brian Gillis is out of the office. Just so you know I back of the envelope calc. my P&L at about 225K MTD. dorland-c,Glad you like the place. Missed the PS on the first message. dorland-c,"Carlos, If he is in Houston don't count on him doing it. I won't be getting out of here untill tommorow at the earliest and I am thinking it is going to be Friday or Saturday." dorland-c,Just wanted to confirm you received the package I sent you on wednesday. Chirs Dorland dorland-c,MH What's up? Good to hear from you. I am very happily back in Calgary. Things at Enron are totally fucked up right now. Not really sure how it is going to play out. Anyway life goes on. Tell D'arcy I made less than 10 million last year. Take it easy and I'll right more later. dorland-c,"I have 4 tickets for Friday. I don't know if they are good, bad or what but they are free. Talk to you later." dorland-c,What's going on? Making some $? I having a pretty good month. What do you think of the stock market? I am practically all cash and Enron. Thinking of buying some TD and Royal Bank. Any great ideas? dorland-c,I don't need to ask. Every party Dave has is dorland-c,I just signed and faxed the release of conditions. No getting rid of me now. Hope your girlfriend can cook for 3. dorland-c,"Traci, I am really looking forward to my cooking class. My first one is this Saturday morning. I'm a little scared I am going to be the class screw up. Oh well, I won't know untill I try. I think I am going to Yoga on Wednesday but dinner on Friday would be great. Give me a shout or drop me an e-mail and let me know what time you want to eat and I'll make some reservations." dorland-c,My one year closed interest rate on my mortgage is 5.2%. Not bad! dorland-c,Mohammed What's going on? I hope school is going well. I am sure you have heard but things are getting back to normal around here. I think working for UBS is going to be really good. Seems like the cultures are going to mix really well. I am thinking about buying a porsche. I really like the 993's but I don't really like the 996's. Looking around for a nice low km 1994-97 C4. Anyway don't work too hard and keep in touch. dorland-c,Last trade 0.70. Success has worked for me so far. dorland-c,"Thank you. Chris Dorland 5151 Edloe St. #14306 Houston, TX" dorland-c,"Ian, Thanx looks good. What I was really looking for was the relationship between Sumas and each of those points for the N-M and A-O strips. Can you put these graphs together for me. Nov-Mar Sumas vs. Aeco Sumas vs. Rockies Sumas vs. San Juan Sumas vs. Malin Sumas vs. Socal Apr-Oct Sumas vs. Aeco Sumas vs. Rockies Sumas vs. San Juan Sumas vs. Malin Sumas vs. Socal Chris" dorland-c,Thanx for the update. I'm going to owe them $ in April and they aren't getting that untill I get mine. dorland-c,"Looks OK except that it doesn't include the reimbursement for my car. Thanx," dorland-c,"I started with Enron May 1, 1997. I would like to know all options and restricted stock I have received since then. Thanx" dorland-c,3 songs. I can deal with that. dorland-c,Could the person who stole Ian Cooke's potatoe salad from the fridge please come forward. He has suffered severe mental strain due to this crime. Thanx Trading dorland-c,"Hi Vicki, I did receive it and I will fax it over this afternoon. Thanx for all you help. Chirs" dorland-c,Captain America What are you driving these days? I'm selling my car cheap because it will cost me a fortune to take it back to Canada. 2001 Lexus IS 300 Silver with Black leather interior. Totally loaded with 3800 miles on it. Let me know if you or any of your buddies want to check it out. dorland-c,"Tim, Can I please get access to the west power fundamentals website. My user ID is cdorlan. If I need to submit a formal request to someone could you please let me know. Thanx Chris Dorland Enron Canada - Gas" dorland-c,Next to Keith Holst if that helps. Thanx dorland-c,Kim I briefly scanned the contract you delivered this morning and it appears fine except for the salary listed in exhibit A (US salary but in CND dollars) which is incorrect. As I will be in Calgary in Monday the corrected version should probably just be sent to Dawn. Thanx dorland-c,Carlos These are the trades I did today. Bought 5000 gj/d Oct Aeco Fin vs. DI 2.915 c/gj EOL Sold 5000 gj/d Oct Aeco Fin vs. DI 2.955 c/gj EOL Bought 5000 Oct Malin Basis (0.23) EOL Sold 5000 Oct Rocks (0.485) EOL and Cowan is working an order to buy 20000 mm/d of Oct Aeco basis vs. DI in us/mm at (0.54) Thanx dorland-c,"Rod, I was thinking of buying my dad some cd's for father's day. Any suggestions? Be sure let Christina know I hope that she is feeling better." dorland-c,"Matt, That is cool. I can't really change the trip but I am sure I will be back in Vancouver soon. Send me your vitals and I'll let you know the next time I am in town. Or give me shout if you are ever out in Calgary. Do you have Atkinson's office phone number? I seem to have misplaced it. Thanx Chris Chris Dorland 401, 3511 14A St. SW Calgary, AB T2T 3Y1 h 403-214-0454 w 403-974-6910 c 403-875-6146 chris.dorland@enron.com (I don't know how much longer this one will be supported)" dorland-c,I like that area. Nice and quiet. 6 blocks to Original Joe's. Didn't have the carrot cake but the soup was excellent. dorland-c,what time did you want to go? susposed to do something with nic but if we went early that would be cool. dorland-c,Leslie What's up? Dan is coming to town this weekend and we are going to try to get a bunch of people to go out on Saturday. Let me know if you are going to be around and if you talk to anyone else let them know. Thanx dorland-c,Mike I provided that level of detail for calgary trading and marketing. I haven't seen the file Richard Mckeel created so I wouldn't know what is in it. Seems like we have about 3 different people working on the same project. So my answer is I don't know. dorland-c,"Ryan, What's going on? Give me a call at home. 214-0454 Talk to you later." dorland-c,She should beaten in the streets. ----Original dorland-c,Good idea. I'll e-mail Rod and see if he has any other suggestions. dorland-c,"Kim, I just wanted to touch base with you and let you know my schedule. I am in the Houston office this week from Monday to Thursday but I will be in and out quite a bit meeting with movers and clearing up loose ends. If we need to get together before I go we should probably plan to do so Monday or Tuesday as I will be packing and moving much of Wednesday and Thursday. Let me know when you would like to get together. I am sitting at 3208b. Thanx" dorland-c,Glad to hear all is well. I meant to comment that I thought the people profiled in the article should pull their heads out of their self important asses. It isn't about finding the meaning of life at work. It is all about the $$$. Work hard. Make $$$. Retire young. Things with me are great. Moving back to Calgary in about a month which is a little sooner than I thought I would be going back but when opportunity knocks you gotta go. Take care. dorland-c,Apparently I have the wrong number. Give me a call when you get out of the meeting. dorland-c,"Mike, I booked a flight to Vancouver Feb. 2 . I get in at 8am and leave at 6:30pm. Send me your work number and I will give you a call or give me a shout at work. Dorland" dorland-c,Got the pictures. Thank you very much. Do you stock those wheels and tires or would I have to order them? Chris dorland-c,Oh you'll buy my chicken. That sounds good. I think we should have burgers at OJ's. What are your thoughts hard case? dorland-c,"Ack, What's up? Are you in town this weekend? Thinking of coming to town to look at a car on Sunday and wondering if you would take some time to be my tour guide. Drop me a line of give me a shout. Dorland Chris Dorland h 403-214-0454 w 403-974-6910 c 403-875-6146 chris.dorland@enron.com" dorland-c,So much for keeping it quiet. Dorland the loudmouth is back in town. dorland-c,I am going to Vancouver on Saturday Feb. 2. Check it out on the web at the address below. dorland-c,Nice! What's going on? I think my stuff is here on Friday so that means moving in this weekend. We should see if Johnny is going to be around on Friday night. My number at work is 974-6910. dorland-c,Whatever. Let me look at them. dorland-c,Fun That's cool. I think AEC is going to do it financially with us and take care of buying the phys in the market. Did you get 80 million? dorland-c,Have you made a packing list yet? I would have. Getting excited I bet. Better get back to work. Talk to you later... dorland-c,"Mike, I wish I was there to witness Dan in action. I will be next year for sure. Can't wait to see Johnny. Hopefully there are some single hotties at the wedding. There hasn't been a cougar sighting recently. Better hop. Talk to you later..." dorland-c,What do you think I don't have the internet here? How you doing? Milly's meeting was pretty upbeat. I feel really good about everything today. I think there are about 4 different scenarios that could play out and all are OK. Call me if you want to chat. dorland-c,I had to put the cougar to sleep. Too annoying for words. What happened to the hot from the picture? dorland-c,I talked to JL yesterday. He didn't exactly embrace the idea. Told me to let him think about it. I'll let you know if I hear anything else. Give me shout at home tommorow if you get a minute. Home 713-588-5131 Cell dorland-c,"Kim, I will be on 32 all day. Give me a call or stop by." dorland-c,I like number 6. I should put a sign on my desk that says that. dorland-c,Great. I will call you on Sept. 6th when I get to town. dorland-c,"Dave, I just wanted to touch base with you on the cash trade that you intermediated between Stephane and Cascade this morning. I don't really feel that it is Stephane's responsibility to manage Cascades price risk and I think that you are out of line for accusing him of running over your customer. If you would like we could look at doing an MSA with Cascade where by we could sell them gas at Sumas DI." dorland-c,"Dave, What's up? Lovin' life in Calgary and looking forward to getting back to work. Hope your golf game and chika are doing equally well. Say hi to Scott, Eric and Brian. Drop me a line if you get a second. Take it easy. Chris chris.dorland@enron.com cdorland@hotmail.com h 403-214-0454 w" dorland-c,The guy who ran our trading operation in Calgary really wanted to move back to Houston because his girlfriend lives hear so that left a hole in our Calgary trading operation so they asked me to come back. See you in a couple of weeks. dorland-c,"Wayne, I was talking to Kevin Presto and he mentioned that you have a plane going to Portland. I need to get to Calgary and Kevin suggested I look into catching a ride with you and getting them to swing north and drop me off on their way back. Can you let me know when you plan to leave and if it isn't an inconvience I will talk to Lavo and see if he is OK with it. Thanx Chris Dorland" dorland-c,Thank you very much. How long would it take to get something like this in? I will be in Calgary on Sept. 6/7 and will come by and see you. Could you e-mail me your work phone number. Thanx Chris dorland-c,Looking good. Closed at dorland-c,"Dawn, Could you send me the contact name at Royal Le Page relocation services. I would like to finalize everything this week if I can. Thanx" dorland-c,"Grigs, I talked to Lambie (our resident produciton and reserve expert) about this and he thought it was highly unlikely that producers would shut in eastern rocks production for a couple of reasons. Apparently, if you shut in coal bed methane production there is a serious risk that the well will ""water out"" either ruining the well or causing 6 months to a year of production delays. Also, it seem logistically unlikely due to the small production volumes associated with each individual well (100-500 mm/d). In Chris's opinion coal bed methane would be some of the last production we would ever see shut in. Hope this helps. Let me know if you learn anything further." dorland-c,Listen to this shit. If I want to move my car back to Canada I (Enron) would have to pay $2000 USD to move it plus 6.1% of KBB value in import duty plus 7% GST plus $200 excise tax plus about $400 in permits. Looks like I am looking for a new car as well. dorland-c,Ready and waiting captain. Fridge full of coors light and a pack of extra lights ready for ignition. dorland-c,pornstar1 Just kidding. I don't have one. dorland-c,"Mohammad, What's going on? Hope all you exams went well. Are you coming home for the holidays? If so give me a shout in the office, at home or in Red Deer. Things are a little nuts around here but everything with me is fine and I have a few alternatives to consider." dorland-c,"Do you have a black one in stock? If so, what color interior?" dorland-c,Are you guys going to be in the southern part of Alberta for New Year's? Any plans? Trying to figure out what everyone is doing. How was boarding? dorland-c,We sold the 9044 mm/d to Engage for 2.42 US/MM. Thanx dorland-c,"Tych, Just wondering if you guys have talked to any storage guys in the PNW about storage deals for this Nov to next summer ect. The market is essentially saying that JP storage is worthless for this winter (Nov-Dec) and I don't think that should be the case. I think there is free money on the table for someone like Puget or Avista to roll their scheduled storage withdrawls to next summer. Let me know if you have any thoughts." dorland-c,What is the specific appeal of distressed debt? If you are going to trade debt or equities GS is the place to be. dorland-c,How about TD Bank? Benson and I own some wood. dorland-c,"A couple of other quick things. My October Sumas position doesn't look correct. I am short 45000 mm/d and the report shows 50000 mm/d. I will list my oct sumas trades below if you can check on it for me. Also can you make sure my gas daily book is set up and include the change in position report in your daily e-mail. Thanx," dorland-c,I think that show is on this weekend on WTN. After Martha Stewart. dorland-c,Thanx Laura. I need to change about 125-150k USD is that OK. dorland-c,Do mind if nic joins us? I am going to her place after. dorland-c,If you are bored try to find out what your tire guy thinks of Dunlop Winter Sport M2 tires. Is you tire guy also a wheel guy? I need some winter wheels as well. dorland-c,"Grant, Who is your contact at Zargon? We have a discrepency between tagg and the confirm on the term of a deal and I need to talk to the marketing contact to figure out what is correct. We sold them a cal 01 crude put (according to the confirm) but the system has it continuing until feb 02. Thanx" dorland-c,Did you use a market or limit order? You don't need to lift offers in a falling market. dorland-c,I am in town next Thursday/Friday. We should do a Thursday night playstation session with Johnny. dorland-c,I am going to Banff for an off site. I will be back in town the following Friday and we'll do it up that night. Late night Johnny is OK. We'll take it easy as it is a school night. dorland-c,"I was confused by your use of 2 spellings. Did you like my Austin Power's reference? ""I know. That's how we do it in Belgium. It's called a Belgium dip"" You are back in my good graces. Try not to confuse the dumb fat kid." dorland-c,"Dad, Please don't forget to make tee times for Saturday and Sunday. I was thinking around noon Saturday and around 4pm on Sunday (Ryan can't make it untill then). Thanx," dorland-c,Very nice! I hate it when that happens. How is you week going? Mine has been pretty crazy but we're half way there. Talk to you later... dorland-c,Not good. Listen to this. At the end of the day dailies traded down to 85 bucks. Check that range 85-275. I need a vacation. dorland-c,"Kim, Any luck getting this info. for me?" dorland-c,I checked out the whiskey on Saturday. Pretty cool club but the music has to go. And the whole no one under 35 policy really detracts from the talent. Mike is coming to town on Saturday and we are going to hit the town. Talk to you later. I have an excellent instilling jealous rage in the ex story for you but I'll save it to tell you in person. dorland-c,Great concept. A little pricey.. dorland-c,I think that you should make her something. Perhaps you could draw a picture or make something out of paper mache. I'll stop by Tiffany's and see if they have anything to go with her bracelet and earings (from x-mas). Later skater... dorland-c,"Martin, I left early yesterday. Does tonight work for you? No spoiler and the car was high and dry during Allison." dorland-c,Isn't it June 17. I got him a card but not a present yet. I got the card when I was home and put both our names on it. What do you want to do about a gift? dorland-c,I was thinking of converting it to a hover vehicle. I might just sell the car and get you to drive me around all winter. dorland-c,"I would like an indoor stall in Ernst and Young. Non-reserved. Thanx," dorland-c,What are the details of this offsite? Make sure to count me in. Bought a house this weekend. No sense wasting any time. I'll call you later. dorland-c,I made it. Thanx dorland-c,"Anna, I am moving back to Canada to trade gas but I would really like to get your daily technical sheet. Could you e-mail it to me or perhaps start posting it on the commodity fundy's site? Thanx" dorland-c,"Sherry, Just wanted to let you know I'mnot a dead beat relative and that I mailed you a check today. Hopefully, I will see you guys over the holidays. Take care," dorland-c,"John, How is Dina doing? Be sure to let us know when she has the baby/" dorland-c,"Sherry, I haven't forgetten about the numbers on the pictures I will send them to you tommorow. A guy in my office was wondering if you can order Stickley furniture through you buying group. Can you let me know if you get a second. Thanx" dorland-c,"Brad, I need to top up my RRSP for 2001. My contribution limit from my tax return for 2000 is $10881. I have contributed about $5500 through Enron and Enron has contributed $3200 to my pension plan. Am I correct to assume that I can contribute about $2000. The part I wasn't sure about was the pension contributions. Let me know and I will send you a check. Chris PS I am going to Vancouver next weekend to look at buying a sweet" dorland-c,Come on. Sign into IM. dorland-c,Getting closer. I want a graph of the spread not of the 2 fixed prices. dorland-c,Dan thanx for the article. you should just go to ene news on yahoo finance. it has every article from forbes and fortune to reuters and the associated press (where this one came from) dorland-c,"Lexus IS 300. Not sure if I am going to buy 17"" or 16"" wheels for the winter. Jackass." dorland-c,Do I just come down and change my card ? Chris Dorland dorland-c,"Tamara, Any updates on my IRS refund? Also I need a contact for my 2001 returns. As I will now be working for UBS I will probably be paying privately to have my return done but I would still like PWC to do both my US and Canadian returns for 2001. Please advise. Chris Dorland" dorland-c,Holy AGA batman! That number is unbelievable. Tough to be short now. Keving Presto was short the aga swap at 50 for $60 / bcf. dorland-c,I'll be there for the wedding. No stag for me though. dorland-c,Phil is marrying that chick huh. She is pretty hot from what I recall. I am definately into doing something on Sunday. Give me a call. Have fun this weekend say hi to Darren and Rich and send my congrats (and a shot of tequila) to phil. dorland-c,I don't think the machine that I use for ICE has been upgraded to windows 2000. There is no business applications selection under start>>programs>>on this machine. dorland-c,How about 2002's? I was just thinking there would be incentives on 2001's. dorland-c,Dave can you send me your morning weather package. Gaskill hasn't set us up on the fundy's site and we are flying blind up here. Thanx Chris dorland-c,"John, Cancelled my trip to Vancouver this weekend. Car I was going to look at sold already. How are things going? Married? I am soo glad to be back in Calgary. I didn't think much of Houston. Life has been pretty boring. Looks like things are going to get busy again. Going to be working for UBS Wharburg Energy. A new sub of UBS AG. Should be good. Seems like at great company. AA+ credit will be nice. They have a good risk tolerance and are more or less going to give us limits and let us do our own thing. Hopefully a little more stable than Enron. I think the largest financial instituion in the world should be. Anyway give me a call if you get to Calgary and we will grab some food. Take care Chris Chris Dorland 401, 3511 14A St. SW Calgary, AB T2T 3Y1 h 403-214-0454 w 403-974-6910 c" dorland-c,I'm glad you had a good time. I know about 2 DM songs so I don't think I would have had as much fun in the rain. dorland-c,Let's get together this week and talk about our winter forecast for the X. I was thinking thursday afternoon around 2:30. I'll touch base with Holst and see if the west guys can join us via conference call. Let me know if that works for you. dorland-c,"Kim, I will be on 32 all morning. Come down whenever you get a minute." dorland-c,"Mike, I don't have your work number. Walker flaked on dinner (did I call that or what). I am coming to town Feb 2. I'll give you a call next week with the details." dorland-c,"John, I talked to Fletch yesterday and I think I am going to come back to Calgary. I'll give you a call this afternoon or Monday to talk about details but I just thought I would drop you a note so you could get the ball rolling with HR on your end." dorland-c,"What does the Kergan think of his Jeep? I think I am going to get one of those. Unless you have forgotten the Kergan's where an acient people from the steps of Russia who , for entertainment, tossed children in pits with wild dogs to fight for food." dorland-c,Hopefully I will be able to make it by then. I have to talk to Fletch and Presto but it makes sense for me to be there by then. I am coming to town on Thursday. I'll probably drop by the office on Friday. dorland-c,Hey! Is Johnny available on Saturday night? We need to think of something to do though. Let me know. dorland-c,What is the name of the file in O: drop box so I can make sure these trades are reducing risk? Thanx for all your help dorland-c,"Traci, Great seeing you again and catching up. Be sure to give me a shout if you are coming to Calgary. Don't work too hard. Chris 401, 3511 14a St. SW Calgary, Alberta T2T 3Y1 H 403-214-0454 W 403-974-6910 C 403-875-6146 chris.dorland@enron.com" dorland-c,This didn't work for some reason. Can you try to send it again and just copy and paste all the values. Thanx dorland-c,Did you see the quote in the Wall Street journal? Check it out. dorland-c,Did you buy any ? I have the golden touch. 500 at dorland-c,"A lucent phone will be fine. I will only be on the desk for about 7-8 days so don't go to too much trouble. Do you have Keith and Frank's flight info for their trip to Calgary on Sept. 7 ? I will be there that weekend as well and want to coordinate my return with theirs. Thanx, Chris Dorland Badge # 25565 3-1663" dorland-c,"Hi Traci, I hope you are having a good week. I am still a little tired from the weekend. Went out with my brother and a bunch of friends friday and saturday. Superbowl on sunday. Made for a very long monday. I have cooking class #2 tonight (soups and stocks). Should be a good time. Starting to get a little busier at work. Hopefully we will be up and trading sometime next week. I am coming to Red Deer this weekend. If you aren't busy we should do something on Saturday night. Have a great week and I will talk to you soon." dorland-c,I had lunch at bell's cafe yesterday. They are the red brick townhouses on 14a st. Moving back Sept. 15. dorland-c,that is some funny shit. how did you make out on saturday? I bailed and went home. we are going to hit the whiskey on saturday. should be good. talk to you later. dorland-c,"TJ, This has something to do with my cell bill. Can you make sure it got paid. Thanx" dorland-c,"Is our 401K plan administered by Paine Webber? If not, who? Just wondering who I need to contact in order to roll into and IRA. Thanx" dorland-c,"Nathan / Judy PWC prepared my Canadian and US tax returns for 2000. I was expecting approx. a $1800 return on my US federal income tax that I haven't received yet. Do you have a number / contact that I can direct my inquiry to? Thanx, Chris Dorland Enron North America" dorland-c,I have a massage at 4pm so let's say around 6pm. Jackass. dorland-c,I really want to live in Altadore. I hear that is where all the fly bitches hang. I don't know to be honest Killarney / Altadore / West Hillhurst ? Close to downtown. I am thinking infill / townhouse. My mom has a friend who says there are nice brownstone townhomes in Altadore. I am thinking of checking those out. I am looking for minimal maintenance. Do you have any ideas? Seen Kerri Murray lately? dorland-c,"Brad, I want to transfer some RRSP assets I have with Canada Life to Mackenzie. I need you to call me asap as this matter is time sensitive. Thanx" hayslett-r,Got it. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"It is not necessary. Other than Tracy, he would be the only one of the accounting and finance people there and Stan is trying to limit the attendance to the group necessary for the discussions." hayslett-r,Yes. When things get speculative the language always gets scary. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"I am only concerned about moving IT types into our world that were previously in Nick's world if the job responsibilities move with them. Sounds like this is not the case, so I am OK." hayslett-r,5ravis is in charge. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I will submit that that may be the case today. I am only concerned that when the situation changes that we will not be willing to discuss the opposite and the question still remains as to what the form 2 (regulatory) will require. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,If the reimbursement doesn't show up then there is no offset and the dollars spent should end up in rate base. Isn't that about the way it could happen? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"And we will give you something stating or reaffirming our deal, if that is deemed to be necessary. It will be worth the paper it is written on at the moment it is written, but means nothing 1 second later, and that's the problem with these kind of things. I guess my concern is what good will it do anyone? I don't think it's a problem to get, however I do believe we would want to get V&E's opinion at the time we wanted it, that it was necessary/required." hayslett-r,Next time ask Jim to call me. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,This is the crew. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I'm on plane. If you need me to call tonight leave me an email or phpne mail and I will call when I get in. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"I will need someone to cover EEOS, can you do that or should Keith? what about Portland?" hayslett-r,Has Cheryl seen the stuff? Need to get her and Jerry on board as well. hayslett-r,Why do our numbers look so high in the 4th quarter and then fall off so much? We have to get a better handle on all of this and fast. hayslett-r,I'm on my way back there to do so. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Probably. Please call Kathy Campos to get on my calendar. the margins for 2001 and 2002 are not the same and I didn't think we had 2001 in the other model in detail. Existing includes Gallup, and it will be nearly imposiible to identify it as separate because there have been some changes to the original contracts for Gallup. You can try, but now you are talking about getting into parts of contracts. You have to remember it was an expansion, not a separate system and therefore there is no way to track the flows after the fact." hayslett-r,"We will propose to Stan and see where we are at that time. If it was this week, the answer would probably be no." hayslett-r,"Tell everyone to calm down and get their work done. Then they should go home. I know it doesn't help much, but I'm not sure what you can tell everyone at this point. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,FYI. I understand Jim needs Tom Meers to review # hayslett-r,Thanks. What is the mood? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Thanks. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"I am going to begin discussions with the banks as soon as we get the Phase 5 financing locked down. I would expect that we could have it in another month, unless I run into some kind of a buzz-saw out there, and I'll let you know as soon as I do." hayslett-r,I understand now. Thanks. hayslett-r,"Hole is unlikely, but is a real weak point in any sales discussion. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,I agree with Morris. Little value to the pipes -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I will likely not be available. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Not very good. There will besome better news later today -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Good to know that the FERC cares! -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"I had specifically taken this deal to Jeff for approval, and he had decided to not go forward at that point in time. I would like to get a review with Stan and Jeff to decide. Rod -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,I haven't heard back from Steve at all. Do you have anumber for him? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Does this cost center get allocated or direct charged? Please get back to Morris for me. hayslett-r,"I think there is still the possibility that, just like has happened to El Paso, that Enforcement could still open the case since FERC is still out trying to find a way to get us. It is true that the ALJ did not help them out, but that decision is not binding upon the commission. Neither Stan, Drew or I are comfortable yet that we have the win. We are pleased with the ALJ decision, but know that the ALJ did not get to the answer the Commission intended." hayslett-r,I think you need to coordinate with Kevin Howard and Drew Fossum. I will be out of the office tomorrow. hayslett-r,Agreed. By the way we are very close to a deal and therefore a press release shortly thereafter. hayslett-r,If necessary I can go. I will need to be in Houston on Wednesday am. hayslett-r,Brokerage accounts. Do you have copies of the agreements? Both TW and NNG. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"When: Thursday, October 25, 2001 10:00 AM-11:00 AM (GMT-06:00) Central Time (US & Canada). Where: here" hayslett-r,How do we get this loop closed? Is this a meeting? hayslett-r,Can't we identify the impacts of the non nng stuff in the financials? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I am having trouble getting this to you. So I am trying again. Also do you have any inventory that could be sold that is not encumbered already. Trying to think about what could be done to improve your cash in the short term. hayslett-r,What do you think about Tracy and Jim? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"As to P6, it is in the budget for next year, but we want to start this year. Timing is never perfect." hayslett-r,All three. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Make sure they are current. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"I was actually thinking only about the people in Morris's Brassfield's crew? But he should now about already, as he supports Phil." hayslett-r,"Itwas in a yellow interoffice envelope, real yellow, not the regular manila colored. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,Let's make sure we have all bases covered and telephone tree in place. I need your home cell or whatever -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Service agreements and construction jobs, as well as capital expenditure, obligate Enron and as a result the rules for RAC approval for commitments apply. Please get Denis or James involved on all appropriate deals. Thanks." hayslett-r,Thank you! -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Stan called back and explained. We need to do 100% and begin to look at dollars that could be saved. This is an estimating process to figure out if we can effectively reduce our spending and by how much and then what portion of that benefits Enron. hayslett-r,Is Kathy here? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Can you send me an invitation for the 2 meetings on monday in outlook? I ca then accept and get it on my calendar in the office -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,What is te stock price doing? Has there been any announcements on the Dynegy deal? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Agreed. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Better than most recently. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Why is there a note showing NNG as a borrower from Enron? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I have a DSL connection and sometimes it takes as long as 3-4 minutes to load the page. Is there anything that can be done to improve the speed? Rod Hayslett EB4054 hayslett-r,"I am in agreement with Tod on #1. It's your call, but you should make the call on whether or not we will integrate it into Enron. If we do, then we will get Adam the help he needs, but it will be more efficient than providing stand alone support." hayslett-r,Do you have anyone from Accounting? Saunders? hayslett-r,You should plan on attending the meeting then tomorrow with Kevin. It's 9-10 in Stan's Office. hayslett-r,"I would like each of you to help take ownership of this project to be fully able to explain the trends on these sheets. I would also like to begin to add 2001 3rd CE to this discussion as soon as possible. Accounting quite possibly has the answers, but I want to get this documented as soon as possible so that we understand the changes and don't have to go back and do this again. This is not a project that will be complete by friday, but it does need to get complete this year." hayslett-r,I guess. I will need to have my memory refreshed -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,YOu need to attend this one. Kevin: you may also want to attend. hayslett-r,What is going on? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Can you help us here? For Mariella and Jeff: Has this divestiture been to RAC? It will need to go, and probably sonner rather than later." hayslett-r,"That is one of the things we are working on. At this point in time Dynegy will be responsible for this debt, if theyexercise their rights under the preferred stock agreements, which would leave them with common pledged to the lenders. The price they paid recognized the debt was there, if it is not there, the price will be higher. Suffice it to say all of these things will be tken care of before it funds. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,Cancel me out of lunch and any other meetings tomorrow. Rod Hayslett EB4054 hayslett-r,Would you 2 think about those who helped us so we can attempt to get some award to those who really helped us out here. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Not before you scheduled the meeting. Only as a result of it. hayslett-r,"I am getting ready to announce that I am bringing Kevin Howard into EGS as Vice President of Finance and Transaction Support. Thinking about the current organization, do think it appropriate to consider putting Ms Fischer in his organization? The kind of things she is doing for you currently are similar to the kind of things we are going to have Kevin working with Corp on. I will be putting into his organization the economic analytic talents and special projects people from the pipeline group as well as some others. We will not be charging out these costs into the specific commercial units, but instead expect them to generate the ideas and value to pay for themselves. His group will be providing services to all, but I am willing to carve out some priorities. Rod Hayslett EB4054" hayslett-r,Do you know anything? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,This would be an Enron deal. And we just have to get over the hurdles here. hayslett-r,What is in the plan? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"It,s an entity set up to handle nng's and TW's cash. Through this account cash flows to corp. Joel will handle this. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,"I meant to try and explain, not to redo. Only as a last resort> > > Do you have the volume and rate information on Northern Natural that > will tie to Rod's forecast as well? > > Kyle > (See attached file:" hayslett-r,What happened to the guy with the paper to sign? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Not yet. There are still some remaining issues to be sorted out. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I'm about to return to the office to see it. About 15minutes. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Mary Kay, Ray and Rob: Can you 3 help her out on 1 & 2? Tracy: Please handle 3." hayslett-r,I have already approved and forwarded. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Won't be able to make it. Sorry. hayslett-r,I will approve the posting subject to the condition that it be internal only at this time. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Are you aware of any? I'm not? hayslett-r,Will get back to you. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Got me to thinking, how are you guys doing? Where are you in the cash management world? I know you were tight before, is the situation any better?" hayslett-r,For TW. Can you help me here? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,If you want us to pursue getting this cash directly to ENE we will be happy to try. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"I missed you again. Sorry. Its for the am, can you make it?" hayslett-r,That works for me. I will attempt to answer some of Heather's questions as well. hayslett-r,"Thanks. The date will probably have to move since the most recent events have some of us kind of hopping. I understand that you have raised your forecast of the 4th qtr, significantly. That's great. Looking forward to the simple explanation." hayslett-r,"Where do you stand on this stuff now? For everyone, if we are going to get this done, we need things taken care of. If there is a problem you need to let us know ASAP!" hayslett-r,Moved to the 7th. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Do you have any critical people that you are afraid you will lose because of the merger? How about a group? Rod Hayslett EB4054 hayslett-r,Where do you want to meet to walk over there? Do you want to eat lunch somewhere before? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"That is understood. He will be taking Glisan's position which had the same restrictions on it. I don't plan on giving him any data other than daily cash positions and forecasted cash positions. There would be no purpose in giving him E&F data. By the wya, Kevin needs to do the Marketing Affiliate stuff." hayslett-r,Canyou get me detail then on the capital for the 2 years? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,What do you think? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,What do you think we should focus on for the crew? Attached is a data sheet that I would like to keep up as things change. Rod Hayslett EB4054 hayslett-r,"Kyle: Please find attached file. Transportation & Storage Revenue is right off the Earning Model Income Statement. Carlton data can be found in the Commercial Function detail within the ""Database"" worksheet of the Earning Model. The Cash Flow verbiage is very general related to the subject matter, but does provide a business reason on a Direct Cash Flow basis for an item buried within the Indirect Cash Flow format. Call me if you have any further questions and I will attempt to get you through them. I can also get you set up to get even more detailed answers if you would like. Rod Hayslett EB4054 713-853-6178 Rod, Thanks for the email. Can you help me match the information in this email to your operating plan or cash flow analysis? Kyle <> (See attached file:" hayslett-r,Please forward to kevin howard. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Yes. They want us to record the amounts loaned, normal loans, as a reduction of equity, if ENE does not currently have the ability to repay from either cash or other assets or credit capability. They do not want to count the 1.5B or the bank loans since they will simply increase the size of the notes. They are specifically concerned about the current intercompany notes. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,This is a test for the blackberry. Rod Hayslett EB4054 hayslett-r,What gives? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Can you please review and get back to Tim? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"We will need a Unanimous Consent to make Kevin an Officer of the pipes, title should just be Vice President. I think given the discussions over the weekend it would be good to do so effective last friday. Thanks. Rod Hayslett EB4054" hayslett-r,"I would like contact info on you and your key players, just in case. I don't think I will need much accounting help before monday. Thanks" hayslett-r,I am at the lake. 936 597 3905 -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Are you sure I don't need to be there? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,It's an informal get together that shouldn't last more than about an hour. I want to make sure you all have access to info and we can share concerns etc. hayslett-r,Please do. I'm in 49c1. I think there are 3 deals -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"No, he is in fact commercial doing deals negotiating transactions of significant size, 2.5 B this year alone. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,Are moving our IT support into our world? Will Nick need to replace him? hayslett-r,I believe at this point in time I can support this request. I also believe that Jim does not have the capacity currently to absorb. hayslett-r,"Maybe overkill, I would rather send them an email talking about the problems, and they have to let you 2 know when they going to use a space, and how they can coordinate stuff with you 2 instead of dictating. I am little touchy right now about how to approach people, so we need to be careful. I am open to more discussion on this, just would like to soften the tone a litlle." hayslett-r,I have forwarded to Stan and agree with your perspective. Could you begin to think about who those people might be if we decided to do something? hayslett-r,"Do you have a candidate? I would argue that we are looking at a process review, so anyone who can do a process review could do this." hayslett-r,There are definitely issues here and we will have to deal with them for sure. I will let you know when there is document to review so that we can get moving. hayslett-r,"I am trying to get a decision, but I think we need to maintain flexibility, if at all possible. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,"We will be doing a confernce call tomorrow am @ 10:00 our time with JP Morgan 877-382-9541 passcode 473270 to answer some of the questions, especially the CERA questions. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,"I would be happy to do so. Do you have a preference, or Lawrence do you have a preference as to how this is handled? Should someone from the pipes be in the bank meeting, for moral support, if not for the steel." hayslett-r,"CAn you 2 help her out here? I believe the footnotes probably cover it, but to the extent you have more, it would be helpful." hayslett-r,"I guess I need some more definition. If I am creating a new group and I have nobody in it, this doesn't make sense. Can I get some definitions to go over this with Stan? I am having some trouble with this concept, I guess, as it doesn't appear to make any sense. Why wouldn't we give these groups 0 authority since we don't use them. I also think we need to make some changes to the rest of the schedule. Especially at the top." hayslett-r,OK. If I leave here I will call your cell so you know how to reach me. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"The first problem is finding the time and money to do something and given everything else that is going on, right now is not the best time to be spending some money. To get the outside contractor taken care of we would have to let GSS find us a party to do the work, so you might want to be thinking of other parties who might be qualified to do the work." hayslett-r,"Do you have (or bob) copies of nng's debt agreements, current? -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,"This is very confidential at this point in time. Do not forward. Be prepared to discuss the job that each does and what we need to do to be able to transition early monday am if not before. Call me. This is what I am trying to reach you about. The assumed time frame for this is next week. My numbers are as follows: try this one first: 936-597-3905 or my cell: 713-201-6135 Happy Thanksgiving," hayslett-r,Just sitting around. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,We are getting it. It is in Omaha. Steve: Can we speed this up? hayslett-r,I just told kathy to send an email tomy direct reports. I will resend to you -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Is 4:00 in 47c2? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Agreed! -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Still want to try and get it done this year. Per Stan this am. Cash is king for now and we need thepricing to get the rest of the cash. If it has to be pushed to next year, that works, but if it can be done it needs to be. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,The deal with the Banks is being held up by Paribas to get a cross-netting agreement with Enron. I understand we have agreed and the documentation could be done as early as today. Bill Bradford is working on this one. So it's up to Enron to fix the problem at this point in time. PAribas releases and we get the agreement in place and we can start moving these LC's. hayslett-r,"Hi. I'm sitting in the airport waiting on the plane. Going to New York tonight and will be home tuesday night. Hope you guys are doing fine. Sure was good talking to you this am. Love, Dad -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,Can you help us out here from what you know? I do not believe you can loan money to Enron. Have you filed to be able to make the special dividend? hayslett-r,Anything exciting going on today? We are proceeding witha great reception so far. We did 4 meetings yesterday and have 4 more today and one more by phone tomorrow. Going well here. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"All spending that can be delayed needs to be delayed. I want to make it clear that items for health, safety, security and reliability that need to be spent will be spent, if necessary, but all other spending needs to be slowed down as much as possible and delayed until further notice. This is a directive I have just received from Stan. Rod Hayslett EB4054" hayslett-r,"Ok I asked gary to have you decide on Michael. I think he is utility player that can fil several roles, but if your tEam won't need help, I'm not sure if I need him. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,I am in 50M if you need me. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Was it an actual downgrade or just that they wouldn't agree not to do so? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"The data is actually aggregated and netted, the specific deal data is not provided. The detail he described might be the aggregate of 40 deals at that point none of which may directly relate to transportation deals. See the bolded data below. The example given basically says I am in a position of having more gas at Ventura in January 2002 than I have commitments to sell by 10 MMCF/d. Did you understand that?" hayslett-r,Ok with me. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,However you would have to agree that we have some level of control over the GP. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,The $550 of debt that is in the calcualtion assumes we borrow the 550 next week. Otherwise there is only 17 or so there. hayslett-r,"Does this really have to be done? It's probably too late now, but we really do need to watch our spending for awhile. I would like to coordinate moves through our move people either Ruth Ann Frausto (3AC) or Pam Daily (EB) so I can keep up with space as well as costs that are coming down the pike." hayslett-r,What's going on? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I agree. I told Gary you could make the call. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I would like to but we may have to put it off until next week. I am currently working weird hours trying to get the $1B of debt closed and funded. I will get back to you. hayslett-r,I am up with STAN if you need me. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Agreed. Don't make it harder than it needs to be -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"I have asked and will let you know the answer later today. The bigger question is that they can not loan money to Enron and can only dividend, so if they can do something to raise the cash, they still can't get it out any more out than they can by dividending. The other problem is that they are running into cash problems themselves since they were in the process of going to the bond markets when all of this occurred, and were advised to wait. Their receivables from California are part of the problem. More update later." hayslett-r,What is the purpose of this meeting? I may not be able to make it. --------- Inline attachment follows hayslett-r,Good morning. I am staying at the W Hotel Telephone 212 253 9119 FAX 212 253 9229 Room 1716 I have my cell phone and my !lackberry so I can get email. I should be back in te office on wednesday. Rod -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Tracy and jim are trying to track down 6 more copies. Could you see where this stands? We are in 49c1 -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Not at this time. I think as long as Enron is performing, I'm not sure why there is all of this noise. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,"No, at least not to my knowledge. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,This message was sent earlier today to the finance/accounting/operational support people in the group to make them aware that we are in need of slowing down the cash outflow. Your assistance in this regard is important to the success of preserving capital at this critical time. hayslett-r,Can you help us out here from what you know? I do not believe you can loan money to Enron. Have you filed to be able to make the special dividend? hayslett-r,These would be in the debt tests performed for the lenders. Do you know the answers? hayslett-r,"Per you request: Also make sure that Jeff Sommers added his name to his list. There is a separate wind retention program. I am not aware of the EEOS situation currently, Keith Marlow has been out of town. ETS Management Rod Hayslett* Jim Saunders* Tracy Geaccone* John Cobb* Bob Chandler* Lisa Sutton+ Patty Wiederholt* Dan Fancler+ Tim Bayles+ Frank Carriere+ Jennifer Lev+ Financial System Support Greg Lewis* Staff Kim Bragg+ Daniel Pham+ Debbie Moseley+ Mark Walton+ Rudy Elizondo+ Vince Strohmeyer+ Traci Rainbow+ Joe Villela+ Maria Cisneros+ Allen Joe+ Donna Burns+ Greg Schlender+ *Very Critical" hayslett-r,"I think I feel better, but I would like some comfort from the lawyer in the crew. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,I think what the partnership values it does not have to have a relationship to what we value it at. Jim? hayslett-r,Is the cost center in question allocated or direct charged? The corporate Enron Corp Business Controls cost center. hayslett-r,"Talk to Steve, but I think he is working on a reliability issue that probably needs to handled, but may be able to be done over a period instead of all at once. I really don't know, but he will." hayslett-r,Have you talked to Somerholder? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Where are you? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"On the other deal, they are back to total capital expenditures and not just expansion dollars. I will need you to resurrect your language on the gas for Mitch tomorrow. -------------------------- Sent from my BlackBerry Wireless Handheld" hayslett-r,I received these comments this afternoon from JPMorgan. I need to have some help putting together a story to counteract the basics of this story from CERA. hayslett-r,"That would work well if I was trying to do projects, but I am trying to be able to utilize the curves in the business to measure VaR. We now use them for NNG & TW in the Caminus System, and want to do so for our other pipes as well." hayslett-r,Probably a monday meeting of some of our marketing types to work on this one. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Please send tomy direct reports. While I am out of the officetoday please keep Kevin Howard up to speed on what you see and hear. He is leading the effort in our areas during this time of stress/crisis for me. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"Ok, but make sure the documentation of the email follows the invoice for the payment, otherwise we will have to go back to him to appriove the payment. On the otherhand, there is no reason that a DASH can't be used for non-discretionary approvals as well, and if it doesn't have to go to RAC, then it doesn't." hayslett-r,"Need to get you 2 talking to LORI, I don't see much of a problem in going along with the EOTT valuation. It's their asset now." hayslett-r,"I will work with her and Dan to try and figure out a better solution in the short term. Now that some space is available from the moves to the new building, it is possible that there is a better place to move to for a period of time." hayslett-r,Thanks! Rod Hayslett -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,I am leaving the lake. Use cell for next 40 minutes and then use home if you need me. Remember blackberry doesn't work so well at home -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Sally: Where do I go inside Enron to get straight what it is that I need to do in order to be able to use the curves I am told that we need to be using? Rod Hayslett EB4054 hayslett-r,The party at AA is Roger Willard 713 646 6360 if you feel up to trying to convince him. Rod Cell 713 201 6135 -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,Any news? -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,We're on the way. -------------------------- Sent from my BlackBerry Wireless Handheld hayslett-r,"In the covenants of the debt agreements. If it's not a test in the lenders package, then it is not in the deal." hayslett-r,They took bids and I think have an offer of about $60 MM or so. Michael: What do you know about this one? hayslett-r,Do you want me to attend the meeting at 11:00 in 32C2? Rod Hayslett EB4054 steffes-j,"In our discussion of the Duke model, we don't outline when the cap would be set? Would the Duke model give our traders certainty before the fact and certainty that no refund is due if we don't exceed. Maybe make this point stronger." steffes-j,"Charles -- My final edits. Let's talk. Also, please let John Shelk and Sarah look at before sending to EPSA." steffes-j,No. Jim steffes-j,"I am planning on calling in from home. Do we have a list of issues/states that we want EPSA to focus on? If you send me your thoughts, I think that we can send to EPSA before the phone call. My list - 1. Florida Wholesale (EWG w/o CCN) 2. AZ opposition to the APS - Pinnacle West generation ""sale"" 3. Continue pushing at state level for NOx fairness in allocation to IPPs 4. Re-instate Direct Access in California. Many EPSA members (led by Williams) will fight against direct access. I won't push hard here. Jim [Steffes, James" steffes-j,Ok. But let's keep the time and $ minimal. steffes-j,"We are trying to identify assets and contracted positions that Enron will either own or control in ERCOT to process the PUCT merger analysis. If you have any information on existing or planned assets or positions please let me know. If you want to discuss, please feel free to call me at 3x7673. Thanks." steffes-j,"Linda - Pls work with Brian Redmond's asst to have a meeting with me, him, Jean Ryall, and Becky Cantrell. Thx." steffes-j,"If Reliant is interested in filing, we should seriously consider using EPSA. Reliant is a member of EPSA. We could get EPSA to work through Larry Robertson maybe. Let's discuss next week in Houston." steffes-j,"Randy -- Last minute, I'm coming to DC today through Wednesday afternoon. Any chance to grab dinner or a beer? You're probably swamped, but thought I'd check. I'm staying at Park Hyatt (24 and M) - leave a number if it works 202-419-6795." steffes-j,"I want to go down with you. Thx," steffes-j,Nancy -- I don't understand. Will this delay the opening of the ERCOT Tx market??? We must do everything possible to open the market on time - Jan 1 2002. steffes-j,Way to go!!! steffes-j,"Thanks for the info. Please stay closely linked with the RTO Week activities to try and read Wood's questions. Also, John Meyer from Reliant is testifying. What will be his position? Should we talk with him this week to coordinate and try and move him the right way? Wasn't he the head of Congestion Management in ERCOT originally? I think this is Wood trying to ask him how ERCOT works. What will he say?" steffes-j,"When: Tuesday, October 30, 2001 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada). *~*~*~*~*~*~*~*~*~* I'll be on the call. You guys are of course welcome. My thought is that we need to push EPSA to do something on this." steffes-j,Yes. I've called Keith and he says he can also go. Please call Lora Sullivan 202-466-9142 to arrange a time. I'm good whenever. steffes-j,Jim -- Just trying to follow-up on the next meeting? Any news? steffes-j,"Leslie -- Please let me know what you need to get this issue properly defined by EES. One option, maybe, would be to take the customers back to sales service. Would there be any problems with this? Please let me know." steffes-j,Attached please find the Nov GA report. Please call with any questions. steffes-j,"Harry -- Rebecca is ok with pulling the MD license until the issues are corrected. Also, who is following up on the VA license?" steffes-j,Thanks for the tip. Why don't we try to have lunch in early December - I'm going to try and take off the week after Thanksgiving. steffes-j,Yes. Her name is Linda Noske. steffes-j,I see that UC/CSU is on this list. Have any buyers been interested in their load? steffes-j,"I'll attend if you think it's important. Otherwise, I'm assuming that ya'll are covering the meeting." steffes-j,I plan on attending. Jim steffes-j,"Following last week's meeting, here is my recommendation on how to proceed with SCE. 1. Form Enron Negotiation Team My recommendation is to use the same team we used with PG&E + Jeff Dasovich. My understanding was that Lisa M. was the lead negotiator - I would not change this. Jeff should only be there to make introductions. 2. Meet & Confer (10/29) Sue Mara and Jeff Dasovich will listen and report back to everyone on what happens. 3. Reformed Stipulation I would propose that we take a wait and see approach to this document. Based on Dasovich's idea to get together with SCE on Thursday, maybe let this ride. 4. Meeting My understanding is that (Jeff D. please correct) SCE can meet with us this Thursday. Can everyone make it that needs to be there? Probably meet in California. We should put the laundry list on the table. Please let me know what else we need to discuss or if anyone disagrees." steffes-j,"Steve -- Alan is on vacation next week. Jeff is tied up. Bryan Gottfredson will be compiling this information. By the way, there may not be a listing of who (meaning generators) is owed how much - wasn't disclosed in the FERC Settlement." steffes-j,Jim -- Here is a quick and dirty overview. Please let me know if you need anything else. steffes-j,Great job Leslie. Let's keep up the pressure. steffes-j,Becky -- I hope that I didn't come across too strongly just now. Our budget is again under fire by the business groups and I want to try and do everything we can to create value for the businesses. I appreciate what you are doing on this. Thanks for everything. I understand the bind we are in with timing and the importance of getting this report in to FERC. steffes-j,FYI. Same holds - let's not talk to Wal-Mart until we work through our business folks. steffes-j,"Rick -- You indicated that NERC disavowed their discussions with the press about national security and RTOs to NB (I may have misheard you). I think these attachments would prove otherwise. Finally, I'm sure that RJ Rudden is just fronting for Southern." steffes-j,Jeanne -- I guess the other big question is this - what is the best argument one could make that any retroactive calculation (and application in a forward-going manner) is illegal? We need to develop this argument ASAP. steffes-j,FYI. Please coordinate going forward with EPSA. steffes-j,Diann - Sorry about all of this confusion regarding residential customers. This guy was listed on the Ken spreadsheet (about T&D bills) as being an EES customer in November. Is this a residential account? steffes-j,"Janet -- Going forward Govt Affairs will coordinate with Services and Product Development (and other EWS and EES groups as appropriate, e.g. Credit) to ensure compliance with (1) licensing/registration, (2) bonding/security, (3) regulatory reporting, and (4) other. I have asked Gloria Ogenyi to lead this effort for us. We will need other groups to appoint a Lead for their teams as soon as possible (I will work with Evan, Legal, and Product Development to find out the appropriate people). I fully concur with Rogers that within all new Product Development activities there must be a clear analysis of our obligations and appropriate resource allocation to continue supporting the market activity. As important, just because we don't want to attract new business in a given market doesn't mean that our responsibilities have ended. We need to ensure that our Product Development activities are accounting for the costs of these obligations over the long-term. To ensure that we are selling in accordance with applicable regulations, I would recommend that Gloria be on the Product Development sign-off sheet. In addition, we have already begun reviewing obligations, etc. for our current market activity (both wholesale and retail). I will talk with Gloria to build the matrix of issues you referenced. Our goal is to make current all of our market obligations. I will call you to provide an update on the market review when I have more information. If you want to talk about this, please call." steffes-j,"There was a discussion today involving Home Depot and our inaction regarding not having sent out a DASR. To make sure that we are all on the same page (please let me know if anyone disagrees with the following) -- 1. We (meaning EES broadly) do have customers with metered demand greater than 1 MW (otherwise known as non-Price to Beat). 2. For non-Price to Beat customers that have not been DASRd or have no contract, the Affiliated REP will provide service to the customer beginning on their first meter reading after Jan 1, 2002 under a blanket Term of Service Agreement (let me know if you want copies) under the following price terms = TXU Energy Services cost = $5 per kw for Demand (based on highest demand in last 12 months) + $50/Mwh + $100/month + Delivery Costs + Taxes. Reliant Energy Services cost = [1.5 * Daily Gas Index * kwh] + [{1.15 * Capacity Price} * kw (billing demand)] + $490/month + Delivery Costs + Taxes. 3. If the customer does not pay their bill, they will then be placed on POLR service. 4. The AREP offers month-to-month service with a 30 calendar day notice provision for cancellation. 5. Next opportunity to DASR these customers will be Dec 16, 2001. 6. When we find a buyer for the Texas book or all of the company, EES intends to obtain permission from the customer to assign the non-Price to Beat customers. This implies that we will not be sending out the Opt-Out provision to non-Price to Beat customers." steffes-j,Sue & Kerry - Do you know if anyone is going to this? Should we work with EPSA to publish an EPSA piece that corresponds to this? steffes-j,"Nancy -- Please keep John & Charles in the loop on this question. They are both working on next steps for NERC and while not directly related to the RSB, there is potential for overlap down the road. Also, where does Enron publicly stand on the incorporation of this into an EISB? I thought we were ready to go? Finally, are you giving the presentation?" steffes-j,"As some of you may be aware, Dick's consulting arrangement with Enron ends later this fall. In an effort to make the transition as easy as possible, I would recommend that the following people work with Dick to transition on critical committees and tasks (nothing is hardwired, so if we need to change people, let me know). Dick will attend the upcoming WSCC EPITF meeting (not sure of date, but think in the next two weeks). My recommendation is that Steve Walton attend with Dick and become the lead. We may not get a voting seat after Dick leaves, but we should try and cover. Ray Alvarez should attend the WSCC Board Meeting on Aug 27 with Dick to pick up these responsibilities. Charles Yeung should pick up coverage for the FlowBased discussions. Dick will not attend the next meeting in Chicago that takes place on Aug 30. Andy Rodriguez should pick up the Security Coordinator Subcommitte discussions that take place Sept 25 - 27. Dick will not attend. I think that Charles, Ray, Dick and I should attend the NERC Stakeholders Mtg on Oct 15 - 16. Finally, Dave Perrino should go with Dick to the next WSCC OCTPG meeting. Let me know if this transition plan works." steffes-j,Linda -- Please put on my calendar that I will not travel or go out of town for all of May 2002. I will be in Houston during this period. steffes-j,"I wanted to make sure that everyone is on the same page related to utility costs in California. These costs may be (will be?) collected from some utility customer, potentially including direct access customers. Bucket #1 Utility Undercollection Feb 1, 2000 Through Jan 18, 2001 About $12.0 Billion (this money includes our Negative CTC amounts). Should be financed through corporate debt. No securitization. Enron's Position: Bundled service on Jan 1, 2001 pays fixed c/kwh Bucket #2 CDWR Cost from Jan 5, 2001 through Bond Issuance or March 31, 2002 About $12.5 Billion (about $10 Billion for spot purchases and $2.5 Billion for long-term buys) Enron's Position: Dedicated Rate Component (DRC) for all residential and small customers. Larger customers are assigned direct responsibility for the Undercollection on c/kwh. Balancing account for holding Utility even. Bucket #3 Prospective Generation Costs for Bundled Service Post March 31, 2002 URG = $40/mwh (retained generation and bilateral contracts) CDWR = $120/mwh QF = $100/mwh TOTAL = URG*%sales + CDWR*%sales + QF*%sales = $90/mwh Bucket #4 AB1890 Non-Generation Stranded Costs Bucket #5 AB1890 Generation Stranded" steffes-j,Angie - I will be traveling and unable to attend. Hope everyone has a great time. steffes-j,"Susan - I put together a short write-up and would like to submit to HR for your mid-year. Because you've only been here a short time, most of the responses are To Be Determined. If you don't have any problems, please come by and sign." steffes-j,"Thanks Dave. The critical things for us to take-away are the key priorities for the Desk moving forward. On this, I want to make sure that Kevin and Tim are comfortable with the evolving process of implementing RTOs - Option 1: wait till completely ready or Option 2: start with basic and ""improve""." steffes-j,Should we talk about the implications for the PX Credit given this PD? I am guessing that this would significantly alter the calculation for PG&E - moving DWR from $60 to $140. Do we want to file comments on how this should than resolve the PX Credit process? steffes-j,Great job. What are the back out rates for CH going forward? Any improvement in the market? steffes-j,"I am trying to identify generation assets owned and/or controlled in ERCOT by Enron and its affiliates. The information I have been provided is that Enron only has Ponderosa Pine Energy Partners LTD - 263 MW. Is this correct? Do we have any long-term capacity over the DC Tie? Do we have any construction in progress? Any other positions (e.g., Capacity Auction) that may be considered by the PUCT in the merger? Is there anyone else I should talk with about this information?" steffes-j,"Thanks. As long as the business guys (and King & Spalding) aren't preventing the appropriate filings, I'll assume this deal is done." steffes-j,"Not sure how this got through the ""process"". Please feel free to call on me if this isn't getting fixed right. Also, should we just have PGE pull the application and re-file with different terms. Also, Becky you should let Amr know and keep track - he can try and quantify." steffes-j,"I intend to produce this monthly. We had been doing it before. If you have any questions about the matters included, please call." steffes-j,Please see me. Thx. steffes-j,"My thoughts -- 1. Focus more on Tariff standardization (I think that this is the key issue for Enron because LMP based bid balancing market is almost a done deal - and the Texas market seems to be fine for liquidity). Build around a new proforma with a NETWORK PLUS model. 2. I would highlight that size matters - re-double our arguments and documents on natural markets in this filing as attachments. 3. I would highlight the importance of ending the control area benefits and also strengthen the arguments for no source/sink requirement. 4. The gas / power industries are different not because the amount of vertical integration (ie, CNG) but because of the geographic reach. Many LDCs used Columbia p/l, but only one LDC uses AEPs. The electric market needs transmission to be ""rationalized"" across the marketplace so moving power to where it's needed from where it's at. 5. Should we attack the 209 Boards? Agree that they are unnecessary, but pls be careful." steffes-j,"Attached is the most recent statement from the California Utilities that implements the DA Suspension (filed Friday). Comments are due Nov 28 (Wed) from parties. The Utilities continue push for a ""hard"" deadline of DA. They also offer an option where Suppliers would be required to submit a Affidavit for incremental DASRs and potentially have the CPUC review the specific contract language. Of course, in no event do they believe that any customer should be allowed to have DA service if the customer's name was not on our Oct 5 Customer List. Jeff and I will be talking with Mike Smith (and anyone else who wants to participate) to work through our response to these comments." steffes-j,"Joe -- I forwarded the call from Phil to Bill Bradford and let Kevin Presto know. If you hear anything else, pls let me know." steffes-j,"David -- My thoughts. I would change the section ""Reliability"" to ""Operations"". The Current framework is Non-standardized; Poor Seams Interface Under Access to Transmission I would change it to say that ""Not all Users on the System take service in a non-discriminatory manner."" Utilities can't discriminate versus like users. Under Generation - I would change ""optional"" to Optimal. I don't also understand the 99%. Easier to say 100%* * - Public Power recipricoity issues." steffes-j,Lisa -- I don't have any funds for this. Sorry. steffes-j,"Leslie - Can you coordinate with Jay Dudley at 503-464-8860 on how to change the filing (if at all) on PGE's pipeline issue? PGE is willing to modify the filing to try and take out the language on Native Load. They are suggesting that maybe they should sign a contract for the full amount of the capacity (about 170,000 mmcf/d) rather than assume its right. The goal should be to have a final decision on next steps before next Friday, Aug 17. Please call me with any questions." steffes-j,Jean -- What is Doug going to say? Do we have the right messages? What about the retail issues in Texas? Have we considered these? steffes-j,"Howard, Kathleen, & Steve -- Can we sit down and discuss our strategies going forward in light of this RD? I'd like to understand where there are opportunities (both for POLR outsourcing and standard market entry). I don't think that there will ever be a huge surplus in generation (and there shouldn't be in a competitive market). Instead of focusing on something the NYPSC can't control, why not work on demand responsiveness? Better metering technology would certainly help. Let me know when a good time would be?" steffes-j,"Agreed. In fact, my understanding is that the ERCOT protocols state that if congestion is greater than $20 MM / year the model would change. The market has reached $100 MM." steffes-j,"Doug -- It seems to me that keeping the PUC somewhat appeased makes sense. I'll try and get some formal questions, but sooner or later they will want to talk directly. I appreciate that this is a pain, but maybe it's a good opportunity to push to get rid of balanced schedules? Let's sit down on Thursday am and talk." steffes-j,"1. Dynegy vs. ComEd at FERC Dynegy filed a complaint at FERC that tries to disallow Firm LD from being used by marketers under the ComEd Network Service. IP claims that is losing $ MM because customers are not paying for Capacity. This will impact our ability to ""go physical"" starting next year. 2. MISO vs. ARTO IP is a member of the ARTO. EPMI continues to try and establish only one RTO in the region. I think this is why Dynegy won't state very clearly that 4 RTOs makes sense. No $ impact, although this decision may impact our ability to ""go physical"" starting next year in Illinois. 3. CTC Bet in ComEd My recollection (talking with Harry K.) is that we pre-sold a CTC roll-off in ComEd that could cost our business around $10 MM if it doesn't happen. Most talk in Illinois is that CTC should end early for big customers, so not sure if this is an issue. 4. Delivery Service Tariff Litigation ComEd and IP have filed to increase their rates on Delivery Service Tariffs (but not on Bundled customers because there is a statutory rate cap). EES told us originally that this could cost as much as $50MM, but current estimates are closer to $10MM for ComEd and $2MM for IP. 5. PPO (Power Purchase Option) Termination ComEd is pushing to end the PPO service. PPO provides a re-sell service to marketers while sharing the Mitigation Factor with customers. It is the service we use to ""deliver"" today in ComEd. IP will probably terminate this service because their stranded costs are expected to end sooner, hence, not a major issue for IP? 6. Relative Size of Current EES Book ComEd = 7.8 MM Mwh (extends through 2010) IP = 1.3 MM Mwh (extends through 2008) Hope this helps. Data will improve with more time." steffes-j,"No. Although the lack of a concrete decision is a ""decision"" - just not one we like. Our goal is to get this dealt with by end of November." steffes-j,We also need to check reporting for post Jan 1. Gloria can you make sure that Rebecca Fite knows this. steffes-j,"I would probably not sign on directly, but would support the document with the additional thoughts -- 1. I don't understand a 6 month collaborative to work through SMD - this only extends the implementation. 2. Need to push harder on doing away with the Reserve obligation. 3. I would argue that the RTO need not run a Day Ahead market. Also, why does a Day Ahead market provide ""sufficient capacity committed in the right places for the next day in order to supply load reliably""? California has a DA market and people simply did not participate. The argument that a DA market replaces a Unit Committment process doesn't seem complete? 4. The position and implications on CM and RT market going in at the same time needs to be made more clear - does this mean that Enron supports delaying all RTO ""activity"" (e.g., OASIS, single tariff, rates) until CM is complete? 5. What is a ""point-to-point"" financial hedge? Does this imply node-to-node? Can we include some discussion of market ""hubs""? How could I obtain a hub-to-node hedge? Also, what about the allocation or auction process for FTRs? How should existing transmission arrangements be managed? 6. Do we agree to Incremental pricing vs. Rolled-In? Will this cause any heartburn for ETS? What about the cost of expansion to meet the needs of incremental generation? Should this be borne by the system or the generator? My thought is that this is a big piece and Enron should probably file its own comments rather than sign on. Sarah Novosel is working on Enron comments." steffes-j,"My comments -- I assume that in the Enron filing we will make a stronger argument for sticking with the 12-15-02 date? Also, critical to highlight that the FERC should have one ""major"" change date, not multiple given the liquidity problems with significant regulatory change. Finally, break out competitive retailers in the list of the ONE RTO Coalition. Every state inside this region (except VT) has competitive retail access. Furthering this effort with further the policy directions of the states by lowering wholesale prices and making business ""easier"" for companies like EES. We should play this up. We are really pushing hard on the physical retail gen side in NYC and Boston and taking another look at PA and MD - this is the real benefit - that consumers' bills go down. I didn't see that language on consumer benefits." steffes-j,"As with everything else right now, I take no offense. It was a pleasure meeting with you. I wish you all of the best." steffes-j,Janet -- Here is the org chart that captures our discussions. I think that this org and the # of people is the lowest level that can even try to meet the combined needs of ENA and EES. Total headcount = 21. The personnel cost = $6.4 MM (total for ENA and EES). Please let me know if you have any questions. steffes-j,FYI. Some info on the CA experience. steffes-j,Didn't get invited. Are you going? I don't plan on sending anything - do you think we should even though we didn't get any invitations? steffes-j,"FYI. These bills are currently moving through the California Legislature. Not sure if the bills will be signed into law. Please call with any questions. From my quick glance, only good news is that it appears that the Windfall Profits Tax would not apply to retail contracts in effect on date of enactment." steffes-j,Bob -- Where do we stand on the SCE stipulation? I want to make sure that our push in SCE doesn't conflict or contradict something we are doing in the PG&E discussions. Can we meet today? steffes-j,Your message was forwarded to me regarding Dan Allegretti and NPCC. Can you please let me know what Dan's role was in the organization and any other information? steffes-j,Alan -- I assume that you will lead Enron's response to EPSA's comments? Should we have a discussion of this filing before the EPSA meeting on Friday? Pls give me a call. steffes-j,Wade -- Attached are some additions. Looks fine. Mary Lynne Ruffer has the most recent Negative CTC numbers (my understanding is $405MM for PG&E and $100MM for SCE as of today). steffes-j,"Thanks Luiz. As a follow-up, I'd like to be on record as saying that the PUCT wasted my time in flying to Austin (when plane travel is not secure, I'd add) and not even listening to my statements. Why bring us if they had already made the decision? Also, I don't know who is going to pay for more Market Readiness work in SPP unless AEP agrees to pay our costs. The customers pay for their activities." steffes-j,"Should we try and agree with the other market participants on a list of issue prior to the meeting? Maybe coordination also with FERC staff prior to the meeting? Don't want to appear that this is ""ganging up"" but we do need to be prepared to go in with a clear idea of what is a ""good"" meeting." steffes-j,"Bob -- We need to pull together the rules, etc. for a change in assignment w/o consent for small commercial in NYC and TX by 3 pm tomorrow (or earlier). Grab me and we can discuss." steffes-j,Jeff -- Please send the invoice to my assistant - Linda Noske - to have her take it through the system. Her phone number is 713-853-6082. steffes-j,My number is 713-853-7673. See you Tuesday. steffes-j,"Wanda -- Who do I need to call at EPMI West Power to discuss the following - We are considering proposing a Settlement for SCE. The language we are considering on the Negative CTC is as follows. Does this help or hurt? Do we have ""final ISO invoices""? Please call me." steffes-j,"Yes. Also, best to coordinate with Jeff and Sue." steffes-j,No. Just wanted your thoughts. Thanks. steffes-j,"Thanks for the thoughts. I fully agree on BF costs and DWR costs. I believe that you are right on Est RT$ = CAISOM Imbalance, but I need to check. On the question of retroactive ratemaking, it is my understanding that you are correct. PG&E probably won't rebill, but will need to put in place an adjustment to the going forward PX Credit to ""collect"" the overpayment of Negative CTC. All of this means that the impact of the FERC refund is less than 100c on the $ for the Negative CTC." steffes-j,Lynnette -- Please talk with Pat Keene about Nevada. Some customers will have access. steffes-j,"Leslie -- It's my understanding that Janine is just reviewing the Eastern US. If I'm wrong, Janine please correct me." steffes-j,Diann -- I was under the impression that we had taken all necessary steps to protect our customers? Is this problem just related to residential customers? steffes-j,"Jose - thanks. Also, feel free to send to JoAnn Hill in Houston." steffes-j,"Christi -- When is this meeting? Also, Dave Forester is looking for someone to present (through Rick Shapiro call). Is this the same meeting? Call me." steffes-j,Rick -- I see that Amr has taken over the Fundamentals Group. The fiefdom grows!!!! steffes-j,How about Tuesday the 20th? Should be relatively slow. steffes-j,What do you guys think? My idea is to have a short (10 page) presentation that gives a brief update and then make sure that we understand current positions and current projects? 1 hour max. The four of us would deliver. steffes-j,Fine. I still think that any obligation is a mistake. Just improving a bad market is not going to help. Make sure that Dan Allegretti is in the loop. NEPOOL is putting something like this together. steffes-j,Janine -- I have not yet talked to Kerry about this but the Translink is moving forward. Will you do it today? steffes-j,"Sarah & Christi -- Can you ask the Project Leaders on the key projects for a timeline (comments due date, etc.) of their activities? I would love to have a crib sheet to know when to expect comments. I saw the NOPR commetns on Code of Conduct was moved to Dec 20." steffes-j,"I agree. In fact, in the conversation with the Chairman of PUCT, I told him that we were sending all of our pilot load back to TXU before Jan 1." steffes-j,"I agree that we are losing money. That's not the reason for getting out of this case. What is the upside? Even if we win, we are only forcing FERC to reconsider at some later time. Is this really the best strategy?" steffes-j,David - You should contact Mike Smith in EES legal. He is the one to respond to this allegation. My fax is 713-646-8160. steffes-j,Linda -- Please reschedule until Wednesday. I have a meeting all afternoon on California. Tell Mike I apologize greatly. steffes-j,"Dan -- I will get with Evan and his team and pull this together. Of course, much of the activity with Utilities is driven by their requirements and judgements (which change over time)." steffes-j,Agreed. Need to talk this morning about our exposures. steffes-j,"CA supreme court filing. [Steffes, James" steffes-j,"How about heading off campus - less likely to run into Enron people. Let's meet in the parking lot entrance (right where the little store is on the way to the Met) at 11:30. If anything comes up, call me on my cell at 713-851-2499." steffes-j,"PJM sent a bill for the 2002 Annual Fee (for $5000). Upon paying the fee, EPMI will be able to access E-Schedules. PJM is looking for payment on December 20, 2001 along with our November grid payment. I assume that no Enron company will need the E-Schedule system after January 1 and therefore we will not be making this payment? Please advise." steffes-j,Thanks Ann. Pls send to me going forward (at least as long as we're here). steffes-j,"Janine -- Where does this stand? I just read the text and agree with Harry. Most importantly, the HHI may not be suitable given the high degree of regulation of ComEd service. As important, I don't think the ICC cares too much about Enron losing market share. Not the best lead argument. Let's talk." steffes-j,"Looks good. Why doesn't EPSA propose a timeline for the FERC to order? This could be a signal that we only want one ""rule change"" date. Also, maybe we can build in Kevin's argument about uncertainty hurting liquidity and market dynamics right now." steffes-j,"Richard -- We need to make some decisions very soon (this morning) about Enron's submission of data into the Pacific Northwest (""PNW"") refund case. The data is due at FERC no later than Thursday August 16. The key strategic issues in submitting the data to the ALJ include the following -- 1. Do we exclude bookouts (ie, only physical transactions)? It appears that other market participants intend to exclude bookouts. EPMI should also exclude bookouts given that these transactions never went physical and hence are not appropriate to consider in this case. 2. Do we provide only sales transactions or do we include our purchases? The ALJ's Order allows parties to include purchases only if the selling party is not an intervenor in this case and hence, our purchase would not be included in the data. The ALJ wants to limit the amount of data to be provided to ease the workload. Our initial analysis of some data from other parties is that there will be transaction data irregularities and hence, we should provide all of our relevant sales and purchases. By having the data in the case, we can dispute any inappropriate transaction and ensure that all of our purchases are included in the calculation of refunds. This is key for Enron in that our primary defense is that Enron deserves refunds as a purchaser to offset any sales refund amount. 3. Do we provide data for all 4 time blocks (through 24 hours, through 7 days, through one month, through 1 year)? The ALJ's Order indicates that parties are to provide data for transactions that are not consistent with the initial definition of ""spot"" - deals less than 24 hours done day ahead or day of. Our initial recommendation is to provide the data but to retain our arguments that this is not consistent with FERC's Order. The primary downside of not complying with this element of the data submission request is that we anger the ALJ and end up providing the data anyway after being told directly to comply. In addition, it is possible that by providing all of the data we could be creating the problem that some economist or competitor could get their hands on the data at a later date and ""determine"" our trading strategies. Weighing these risks, I would still recommend to include this data but argue before the ALJ and the FERC the ultimate relevance. 4. Do we provide data based on contract date? The ALJ has requested data for contracts that were valid on December 25, 2000 that had physical energy flowing after December 25, 2000 through June 20, 2001. This would explicitly include Balance of the Month transactions for December 2000 and the associated physical flows. To minimize the hours on these transactions, we intend to enter the transaction date in the data submission to allow for FERC staff to delete inappropriate transactions. I will call you this morning." steffes-j,"Jeff -- Are you going? The list looks pretty good. If not, we may need to have someone there." steffes-j,Linda -- Pls put on my calendar. Pls arrange a room and have Mike Roan and Luiz Maurer attend (also invite Kerry Stroup). steffes-j,Sorry. I'll be in Austin testifying. steffes-j,"Great idea. My key points would be that (a) FERC needs to push ahead with its ""right sized"" RTOs and (b) focus on standardizing the tariff and market design [no more collaborative efforts]. Two simple, easy to understand thoughts. Also, I think that it's a mistake to use the term ""large RTOs"". We don't want large RTOs. We want RTOs that cover natural markets and benefit consumers." steffes-j,"Glenn Thomas was the chief guy in the Gov office during PECO but was relatively quiet. He is now the Chair of the PaPUC. He will probably just discuss how wonderful a job PA is doing. I don't think that he'll want to pick on Calif. If you want to talk with him prior to the meeting, I can give him a call or Steve Montovano can arrange something." steffes-j,What did we do on this?? steffes-j,Great. I briefly looked at your papers - the idea is very promising if you can find the agency/government. steffes-j,"Thanks. Diann, I know that the last few months (year?) has been tough on all of us. I appreciate everything you've done. Thanks." steffes-j,Bill -- Steve Kean needs to talk with some analysts today about our CA exposures. Can you send me your most recent information on our wholesale and Negative CTC exposures as soon as possible? Call me with questions. steffes-j,I'd be happy to come to the meeting on Sept 5. I'd rather stay close to the bldg for the reception. steffes-j,I'm on my way to DC. Please ask my asst to set a good time to call with you on Wed. steffes-j,"Nancy -- 1. Are we able to vote? 2. If yes to #1, what is your recommendation for our vote?" steffes-j,"Jeff -- Any communications with ElectriCities on virtual direct access? Maybe another good avenue for ElectriCities to help its members? Now that direct access is dead in NC, ElectriCities could agree to move new products through their stable channel." steffes-j,John -- To your point #3Burr -- Probably want to bring in Steve Montovano on the NC PUC question -- we have worked with a local lawyer in the past (I think her name is Allison Duncan) that could help with this question and demonstrate that having an RTO does NOT make a state deal with retail competition any sooner than it wants to deal with the question. Steve Montovano could probably be of assistance here. Maybe bring in Allison to DC to deal directly with the staff? steffes-j,"Sue -- We should probably file something on this CPUC docket just ensuring that if these meters are put in place, ESPs have access on a timely basis to the data if they serve the customer DA. What do you think? Maybe the Vinio could help?" steffes-j,Dave -- I wish you and your family all of the best. May you have a happy and prosperous New Year. Please keep in touch. steffes-j,Jeff -- See below. Does this fit into Mary's responsibilities? Let me know. steffes-j,"I think that we should support the effort. I would not get into the specifics in any region or the specifics of the proceedings. This should be an opportunity for Enron to ""spin"" its message - RTOs help us help our customers...." steffes-j,Rick -- We do have an on-going dispute with the PAPUC about our assessment for gas sales. The charge is $150k. We are suing with others the PAPUC to argue that we are not a utility and therefore can't get assessed. steffes-j,Guillermo -- Looks good to me. I'll discuss with Amr to ensure his agreement. steffes-j,"Here are my thoughts / issues with the EPSA paper: 1. The EPSA paper indicates the preferred option of the 5 models that FERC Staff proposed. Should EPSA at least indicate that it stands ready to analyze other solutions that may be proposed? Gives EPSA an ""out"" of this recommendation if it proves later that FERC's application of the Delivered Price Test is unworkable. 2. I don't understand when EPSA says ""Our recommendation, therefore entails a more stringent method of assessing market power"" on page 2 of the draft? Why should EPSA indicate that it is comfortable with a 20% Economic Capacity test to FERC. I would argue that 35% is the minimum we should entertain as an opening position. Also, is there a fear that a power marketer would have to meet this test in ""real-time""? Having a once and done for three year application is ok, but if we are conditioned that we can't get beyond 20% in any market, what does this do to trading and how would this be reported? 3. The discussion on Available Economic Capacity and its implication for having a ""bias against new entry"" is confusing. Maybe we should clairfy our concerns. 4. The argument that ALL new generation is by definition pro-competitive needs to be strengthened. It should be explained in the context of the Delivered Price Test. Also, it that still true if a party which holds 100 MW in a 500 MW market builds a 100 MW power plant - now 200 MW in a 500 MW market? Maybe I am missing something. 5. EPSA needs to make the argument that Conditioning MBR on vague rules is wrong and anti-competitive earlier in the paper. This is my biggest concern - that we are perpetually subject to some refund risk when the market ""breaks"" even though our fundamental presence has not changed. 6. I don't understand the EPSA paper on RTO versus non-RTO markets. EPSA endorses something but I'm not sure what? What does this mean if I sell on TVA's network? I appreciate blanket authority, but I wonder about exactly how this would be constructed? Would this be similar to the natural gas marketer blanket authority? Also, doesn't this play into the hands of the transmission monopolists who don't want competition - if they never set up an RTO they never face competition?" steffes-j,Left you off. Sorry. steffes-j,"ISO-NE is seeking the following by December 20, 2001 to continue Enron's presence in the market -- EPMI Amount Due $2.1 MM Security $112.1 MM EES/EEMC Amount Due $6.2 MM Security $22.2 MM 1. We are verifying these figures (ISO-NE may have EES and EPMI Amount Due reversed) 2. The process post 12/20/01 is unclear - not sure if Enron companies can schedule without posting Security 3. Surety Bonds have been revoked and Safeco/Fireman's sent notices that Bonds can not be used for post-petition claims EES #6131506 $12.0 MM EES #11133420767 $8.0 MM EEMC #11133420783 $14.4 MM EPMI #6131468 $12.0 MM EPMI #6107679 $40.0 MM I can't imagine that Enron will post collateral in these amounts. In the CAISO market, Enron has 3 days of projected expenses as Security coupled with a going-forward power supply. May be an alternative worth considering? Any other questions, please call me at" steffes-j,Luiz -- I don't think that I'll send this given the current direction of the PUC to move forward with TX. I do think that these points are important and maybe Jean R. can get them in verbally as appropriate. steffes-j,Jean -- Why not ask Marianne Carroll to draft a short note on the current status of the docket and likely outcomes/timing? Thanks. steffes-j,"Gloria -- Before we move forward, please talk with Steve Montovano. Thanks." steffes-j,"Dave -- Do we have a strong preference for what DSTAR utilities should do? I think that we want to communicate with OMTR and others at FERC to push a single RTO in the West (leaving CA) outside. Also, having the Transco originally within the RTO West makes alot of operational sense and should not limit the economics of the Transco." steffes-j,Ray -- Let' s hold a call in early Dec (I don't need to be on the call) where we go through the FERC case for Belden. Give me a call to discuss. steffes-j,Fine with me. I finish up with an EES Op Comm meeting at about 10am. steffes-j,"Denise -- Do you have a listing of all bonds that EES (and its affiliates) has in place for retail marketing, including wholesale ISOs? Speaking with Gloria, we don't keep this information in Govt Affairs. Rebecca Fite keeps bond information required in the State licensing processing. The place that I think that is missing is Wholesale Service providers (e.g., ISOs). I think that we need to expand this idea of Bonding to ""Financial Guarantees"" including with Utilities, States, and Wholesale Service Providers. Maybe the best way to start is to work backwards from EES active markets and determine what is needed in each locale?" steffes-j,Your thoughts?? steffes-j,Linda -- I thought that Ray set up a daily call regarding the CA and Pacific Northwest Refund litigation at FERC? It's not on my calendar. Can you please call Bernadette Hawkins to verify and put on my calendar? steffes-j,Seems to me that we need to engage in AZ (along with NV and OR?) in the Western states to try and push competition forward. Why don't we first assemble a (1) what we know - what we don't know memo and then (2) look at oppotunities to push our agenda. Leslie - everyone is looking to you to lead us to the promised land in AZ... GO GET 'EM!!!!!! steffes-j,Lisa -- Rick Shapiro has offered to present. I think that we can work up some presentation for 45 minutes. Let's discuss soon the details. It is on his calendar. steffes-j,"Janet - 1. The best split is probably just 50/50 on personnel. While everyone is in a specific box on the org chart, many if not all of the people are flexible enough that they can cover different roles. The $ on outside services may be able to be split differently going forward (for example, if EES wants something specific on a state PUC matter). 2. In terms of approving outside service expenditures, I would like to sit down with you, Louise, and Rick to work out what the best method of working through the approvals. I will try and set up some time the first week of December. 4. I have put Steve Montovano in the NE Gas box. This will increase the budget by $400k (based on historical figures). I have attached a new org chart to represent this change. Also, Dan Staines (who is not on the Org Chart) has an Employment contract that ends 6/12/2002. Dan has been working on Florida and Northeast RTO matters and continues to help East Power with the NYISO TCC auction. We can sever him, but his contract will need to be paid off ($87k). Govt Affairs also has a contract for support with Joe Connor (ex-Southern exec) to support our SE activities. I am trying to get a copy of the contract, but I think that it is in place until 8/02. My recommendation is to use these guys through their contracts instead of a large payment today." steffes-j,Let's set up the meetings. Don't you think? steffes-j,This is critical that we are all pushing this... Please let me know if any obstacles develop. steffes-j,Agree. Would be good to have the utilities' answer in graphic form (17+ RTOs) versus FERC's model on a side-by-side. Discussion of the TCA work on natural markets to support FERC. steffes-j,I approve. Jim steffes-j,Dave -- Pat Keene is working on a number of issues before the NV Commission on retail access and unbundling (one thing being the implementation of DA for C&I). Can you please reach out to him to help on some transmission issues involved in retail competition. steffes-j,Right now we are trying to develop some info and the right messages. This is the same everywhere. Our gameplan right now is to work this next week. steffes-j,"Sue -- My take on this letter is that it is a little too ""jumpy"". Any way to help make it a bit more to help Lynch do something different - maybe work from the AReM filing?" steffes-j,"Craig -- As we discussed yesterday, we would be very interested in a memo outlining a work product that would document the cost/benefit of RTOs. If you have any questions, please don't hesitate to call me at 713-853-7673. Thanks." steffes-j,Bryan -- Add this to the report database. THanks. steffes-j,Agree. In fact this was John Anderson's only problem. My position would be to simplify Bingaman's language to not define any organization. steffes-j,Makes sense to me. Good luck. Let me know if you need anything. steffes-j,Is it possible for everyone to stay on Rick's Staff meeting (10:30 CST) today to discuss our next steps? I think that may allow us an opportuntity to set up next steps. steffes-j,Are they going to send a new invoice with changed amounts?? Do they know not to do anything going forward? steffes-j,I have a call into Jean Ryall to discuss. Agreed that we need to keep our FERC team in the loop. steffes-j,Sue - Received your voice mail. Having AReM only file is ok with me. Spoke with Lamar Frazier - Jeremy sounds worried. Let's make sure that the contract question is vetted with internal and external lawyers - agree not to give CPUC any info. steffes-j,"Sweetie -- Here is the address. Scott Karro 200 West 26th Street Apt. PHJ New York, NY 10001 I love you." steffes-j,Howard -- How did this mistake happen? Does their tariff allow for restatement of prices? Does this cost the desk $$? Maybe the NYISO shouldn't be doing this? steffes-j,Great job!!!! steffes-j,"Rebecca -- Pls work through Gloria and Bevin Hunter (in Austin). My understanding is that PUCT filing deadlines are always 3pm, but Bevin can take it over to the PUCT this evening. I assume that you will create the report and Gloria will draft a simple cover sheet filing. Gloria, we may need Marianne Carroll to sign??" steffes-j,"Christi -- Who in ENA leadership could we talk with about finding a ""champion"" for Gus Engheim (environmental permitting), Bob Frank and Harry Kingerski? Steve Kean is talking to Ben Jacoby about Gus. Who else - maybe Scott Neal on gas for Harry Kingerski and Bob Frank? Let me know." steffes-j,"Howard -- I received a call from Jeff Brown who said that he had visited the NYPSC and NYISO to discuss load curtailment. He had placed a few calls into you and hadn't heard back. When you get back, please let me know where this stands. No big deal, but I want to understand what is going on with the load curtailment efforts." steffes-j,"Vicki & Evan -- Please see the e-mail trail below. The PAPUC has assessed EES $147,000 for its costs. We intend to protest. Do you have any idea of who this bill would go to?" steffes-j,"John & Louise -- I wanted to make sure that you were aware that FERC has ordered natural gas sellers to provide monthly reporting for transactions relating to California. We are, of course, seeking for FERC to modify its decision. Given the politics surrounding California energy markets, it is unlikely that FERC remove in whole the reporting obligation. Govt Affairs has talked with the West gas team about this new obligation and how we respond. If you have any questions, please call." steffes-j,Paul -- Please give me a call (if possible today). I am taking vacation from tomorrow through next week Friday. steffes-j,Thanks for our new model. Pls let me know how it is going. steffes-j,"Suzanne -- Becky Cantrell had entered Enron into a number of dockets before FERC related to pipeline rate and other matters (not sure if there were protests). I would greatly appreciate you coming over to 47 and going through a number of filings so we can either (a) stay in the case or (b) remove our name as an active party. Elizabeth Linnell has the papers on 47. My initial thought is that Enron does not need to continue in these cases, but the NewCo will want to understand what to join after formation. We may want to talk with commercial types to gauge their thoughts. Please let me know if you can take care of this." steffes-j,Mary -- I need to know the other bonds that aren't cancelled. Are there more? steffes-j,FYI. Use as necessary. steffes-j,Steve -- Got a note from EES that there was a Energy Summit in MA to discuss next steps of restructuring today. The meeting is today. Are you going? Did anyone go? steffes-j,FYI. Probably too early for you guys. steffes-j,Ok. I may call Keith anyway. steffes-j,Please send all questions on environment to Mike Terraso. Thanks. steffes-j,Do we need to file on the NOPR on Partial Day Recalls?? Will EPSA file? What position will they take? Should we talk with Joe Hartsoe about his position? steffes-j,"Kevin -- Last update that I know about for CDWR costs. If Sue or Jeff know of later $ figures, please advise Kevin. Also, my understanding was that the CPUC simply disallowed the CDWR from having straight passthru without review. They may get to charge 100% of these dollars, but needs CPUC approval." steffes-j,Linda -- Yesterday you mentioned I had a small work assignment during the meeting. Didn't get the exact details. Any info is appreciated. steffes-j,"Pls send asap the information to have me submit to Rick. Thx," steffes-j,I received a call late today from the CPUC (Joyce @ 415-703-2199). Someone from Pac Tel called and said that his service was switched without authorization - Mike Benson with Payphone group @707-253-8892 or 707-292-1766. Lamar -- who is the client rep for Pac Tel? Can they get into Pac Tel and try and find out if we have done something inappropriate? We need to call this guy back by Monday EOB. Please let Jeff Dasovich know so he can call Joyce back - I'll be out on vacation next week. steffes-j,"Thanks. Let me know how the desk sees it. Also, please make sure that we talk with EES gas (Don Black)." steffes-j,Sue -- What is our current involvement in the URG case? Do we have a range of potential outcomes for each UDC? steffes-j,Guys -- We need to quickly put together some talking points on how to respond to AEP's request for delay until 2003. My understanding is that AEP in Texas is wholly outside of ERCOT (if wrong - please inform). AEP needs only to file a good amendment to the FERC OATT (or SPP needs to do it for them) ASAP. My basic model for provisioning of energy for retail competition in non-ERCOT Texas is that delivery to the border of the OATT provider (for instance delivering a into-Entergy product into Arkansas and paying for losses would be sufficient for delivery into the Woodlands). Jean was going to call Luiz to get this issue on the burner. steffes-j,Sandy -- Pls forward final CPUC letter sent today to this group. Thanks. steffes-j,"Jim -- I'll be staying downtown. Once I finalize my plans, I'll get in touch to finalize our meeting. You're right about our thinking - probably just to get a feel for some ideas, nothing formal." steffes-j,It will be difficult to understand the impact of our credit decline on a per transaction basis. It is probably sufficient to communicate with the Credit department (under Bill Bradford) for wholesale and the EWS Services Group (under Evan Hughes) for retail. I spoke with Evan Hughes and he is going to have CSC run a report of the tariff obligations. He will send the info to me and I'll forward to Amr Ibrahim. Thanks. steffes-j,Fine. Same here. steffes-j,"Linda - Please work up some letters from me to the people in the file ECAR, MAIN, MAPP for my review. Thanks." steffes-j,"Linda -- Please find out if Gordon, Mary Lynne, and Steve can meet at 2pm to follow-on to our PX Credit discussions? If it does, please find a room on 47." steffes-j,Christi -- I'm out next week. This is a bit touchy with the changes coming. Why not have Jose agree to go (no one else) and if necessary we'll backfill. steffes-j,Yes. Shapiro will also attend as I may need to be in Houston. steffes-j,"Marcus and Ed can we talk today about this. Is there a good time? I need to get back with NEPOOL today. Also, while our business dropped off, I am guessing that NE-ISO has been arranging energy for our UI load and our payable is growing pretty quickly." steffes-j,Agreed. Talk w/ Joe H to confirm that we are consistent with preferred P/L policies. steffes-j,"I would recommend that all letters as such should go to Harry and me. I think we will be getting a number of these. I would say that we will try and communicate something proactively to the PUCs around the country by Wed am. Critical that our message is consistent and clear. Rebecca, any thoughts?" steffes-j,FYI. Any thoughts? steffes-j,"Lisa -- I'll leave it to you to decide if Mike Day needs or should be at the SCE initial meeting. I received a message that he can, but haven't told him either way. Pls advise." steffes-j,"Fine. Dick and I have worked out exactly the hours for my group that he will work through mid-Oct. Why not have Dick submit his charges for your group directly to your assistant? Bernadette is in DC and having these charges running around the country may cause great confusion. Finally, since I have not looked at his contract lately, I assume that in using this contract to move forward immediately we are not creating any other obligations with Dick?" steffes-j,"With everything else going on, it has been hard to develop the monthly report for ENA management. I'd like to re-start this report and provide an update at the beginning of September. While I am aware of some efforts, I am sure that I don't know about everything that is critical and on-going. I need get a list of projects that your teams are working on for Deal Support, Regulatory Risk, and Advocacy. I am truly at a loss for current deals that Government Affairs is supporting and our expectation of closing dates. For each project, I need lead Government Affairs person, financial impact (our your best guess), background and key issues, and strategies and next steps. This list does not need to be exhaustive, but simply the major activities currently underway. Thanks - I appreciate your help," steffes-j,Bob -- Please be on the next RCR call to update. See Ginger for time. steffes-j,"Harry -- Do want to shepherd the development of our comments? Team would be you (lead), Charles, Nancy Hetrick, Andy Rodriquez, Christi Nicolay. What do you think?" steffes-j,Don't worry. Appreciate the thought. steffes-j,"Charles & Jose -- The spinmisters are already at work. People at FERC thought we had bought into the ""new NERC"" Enron DOES NOT SUPPORT NERC in working through commercial issues. We need to develop our opinions of where to go next, but right now you can respond to Dave Nevius that we still don't believe that NERC and its process/organziation is the right vehicle. We are willing to find a way to do this, but we can't have the same SRO bullshit that they have been saying for 3 years. Sorry I missed the call. I'll talk with you guys Friday." steffes-j,"Troy -- A few questions -- 1. The counterparty ""PGE"" - is that Pacific Gas & Electric or Portland General Electric? 2. When do you think that you would have the ""Unknown"" researched? 3. I assume that the costs associated with ERCOT or CAISO are captured in the EPMI and ENA payables? Thanks." steffes-j,"Steve -- We did originally file that the replacement for the PX Credit should be the DJ Index. My recollection is that we did withdraw this argument, however I've include Sue Mara on this to double check. If we haven't, I'd guess that is no longer URM's position?" steffes-j,PSE&G called yesterday to ask for an LC or cash collateral of $1.0 MM to displace our Corporate Guarantee of $1.3 MM. They are sending more information in a letter to Bill Bradford copied to me. THere is a 5 day turnaround - early next week this will be due. steffes-j,"Jim -- I was wondering if you would like to meet with Alan Comnes and me to discuss your thoughts on market power mitigation on Thursday, Sept 13 at 7:30am in DC? Let me know. Alan and I are in DC for some other discussions." steffes-j,"Schriver -- No big deal. Next time I'm in town I'll give you a little more notice. Hope things are going well at State - for what it's worth, I think it would be a total mistake for America to stop our hunt for Osama during the Muslim religious month...I don't think the grieving families in NYC and around the Pentagon are going to stop their mourning for their loved ones during that timeframe. Just one opinion out of millions. Take care," steffes-j,"Here is the file. While there are some quotes, remember that the analytics were never taken to the final decimal. We were mainly trying to make a political point." steffes-j,"My thoughts -- 1. Great job. 2. I would change the message in the conclusion (and elsewhere) that the work should be done at the same time -- The Commission should act quickly to establish the scope and configurations of RTOs, WHILE ALSO WORKING and then begin the process of creating a standardized pro forma transmission tariff and market design to be implemented by these RTOs. 3. Thanks for getting in ""Network Plus"" - it's the little things that matter. 4. Maybe strengthen that just standardizing is not enough - real integration across seams is imperative. NY and PJM have same tariff same model but haven't worked well for a long time. Thanks." steffes-j,Try to respond end of the week. I'd like to see your drafts. steffes-j,"Christi -- I am comfortable with trying to settle. I hate that this new Commission has to litigate this case. It is important, however, that we focus FERC staff on the broader policy changes necessary throughout the industry and not just on Entergy's tariff." steffes-j,I was wondering if someone from our trading desk would take the lead? Not necessarily someone from Govt Affairs. steffes-j,Steve -- FYI on the information your requested. Bryan is working to pull this together ASAP. What exactly is the deadline? steffes-j,"Diann -- So it is correct to say that EES is responsible for the final bills? If yes, how much $$ is this?" steffes-j,Bob -- Jeff talked with Fielder. Your thoughts on next steps? steffes-j,FYI. California is playing games with the market again. steffes-j,I'll be going. You should go if you want to go. It's a good opportunity to network. steffes-j,"Ok. But if this case ends up in Settlement, we should have our priorities outlined before the case." steffes-j,Barbara -- What's up with TN? Did we ever solve the issue with Stokes Bartholomew funding with the commercial team? steffes-j,Rick -- I intend to take off the following days for vacation through the year-end. Mon Nov 26 - Fri Nov 30 (5 days) Wed Dec 26 - Fri Dec 30 (3 days) steffes-j,Bryan -- FYI. Not sure if you are going. steffes-j,"I wanted IR and PR to be aware that within the next few days the PG&E Bankruptcy team will file with the Judge Enron's current claim. We intend to ask the Judge to Lift the Stay so that we can file at the CPUC a complaint to recoup our current receivable. I'm not sure what our public statements have been and as soon as we prepare the filing, I'll let you know. If anyone has any questions, please give me a call." steffes-j,"Janine -- The other thing that I am thinking is that we don't want to file anything at the FERC without a broad coalition. At the right time (after we understand the facts and our desired outcomes), let's sit down and discuss how to approach FERC. I think the timing is right to make a cogent, well-defined argument before FERC but we need to sell this to the FERC before the filing and we need to have Enron as a minor player in the fight. The FERC is looking to help retail markets." steffes-j,Sounds good. Please make sure that Jeff Brown in EES is kept in the loop if this gets close to goal line. steffes-j,Diann -- I agree with Bob. Please let us know as soon as possible if SCE is willing to discuss this fairly. Jeanne -- I guess that we would update our Complaint if need be? steffes-j,"Mike -- I'm guessing that Sue and/or Jeff have responded. The short answer is that there are going to be a number of legal tests before we are ""completely"" in the clear." steffes-j,"We already knew it. More importantly, I'd extend his thought to every competitive retail market in the US!!!!" steffes-j,"Rick called Lynne Church to discuss maybe having EPSA put out daily ""papers"" on market issues. EPSA did this at the FERC RTO Week and it worked very well." steffes-j,"I am worried if we give the MM ""penalty"" ability - especially before the fact. This feels alot like the NYISO implementing some market remedies. FERC can act quickly to abuse if it is found." steffes-j,"Steve -- I will be traveling back from CA tomorrow so I can't make the call. Some things to be aware of -- 1. EES/EEMC v. SCE Complaint We filed Aug 30 before the CPUC asking the CPUC to re-instate our customer net bill amounts. Jeff Dasovich will call John Fielder to try and see if there is anything that we can do without litigating the case (or at least delay until after legislative session). If complaint moves forward, SCE will probably consolidate the complaint with earlier disputes. Enron is preparing similar filing for PG&E, although we need to seek Relief from the Stay. 2. California Legislation SCE MOU bill (that includes DA issues) moved Aug 29 through Assembly Energy Committee. Needs to go to Assembly Appropriation and full Assembly. Hertzberg is trying to get out by weekend or early next week. By removing the conservation easements, the bill has lost some liberal Democrats. Governor Davis is asking Business to find 15+ Republicans to move the bill. Trying to modify (1) surcharge effective date to Sept 1+ and (2) get more comfort that SCE will pay our Negative CTC if $$ exists. Also, the Windfall Profits bill has moved through Assembly Committee. It has to go through Assembly Appropriation and full Assembly. Jennifer Thome has prepared a synopsis that is attached. 3. AG Subpeona / Sen Dunn Subpeona Litigation about both Subpeonas was heard this week in SF and Sacramento. Mike Kirby believes that he may have swayed the Court in the Sen Dunn to provide a protective order. A final decision may be issued next week. 4. FERC Refund Case Enron presented its ""ripple"" claim earlier this week. Range of refunds (non-netted) is very large (please see Bob Frank for exact $$). I have also attached a calendar of both cases prepared by Alan Comnes. Oral testimony is being prepared in PNW case for next week. 5. NE RTO Mediation / SE RTO Mediation Both proceedings come to a close this week with an expectation that the ALJ issues a recommendation next week (or soon thereafter). Looks like the best date that a large number of parties can agree to for a single NE RTO energy market is Nov 03 (PJM thinks it can happen by May 03 but wants some cushion). Sarah Novosel is trying to best position us vis-a-vis the other stakeholders to drive it earlier. Also, ICAP and control area consolidation is not considered at this time. Christi Nicolay believes that the ALJ will recommend moving toward a PJM model. 6. CPUC Decision to Suspend DA Retroactive Sue Mara continues to push the CPUC to remove the retroactive date in the current Proposed Decision. Some rumors that the CPUC will again delay a decision until Sept 13 (confirming so please keep close)." steffes-j,Fine by me. Not sure if I'd make so much of the recent FERC statements - may come true if we don't keep a straightforward message. steffes-j,A few notes. 1. Be cautious about divestiture. Remember we own pipes and a electric LDC. 2. Agree with you that we don't want Utility in merchant role - key issue. 3. POLR issue involves getting pricing right. Why don't you put together a note to the CAEM that we can send as our thoughts. Just the Top 5 issues. steffes-j,"Can we change the project lead on the RTO NOPR on Standards of Conduct to be both Lisa Yoho and Leslie Lawner? Also, can you call the project leads before the memo goes out to make sure that they are aware of their responsibilities - just a heads up? In paragraph 2, your language is that this is addressed only to the people on the chart. I think that Rick intends to send out to everyone in GA. Maybe we want to change to indicate that people are welcome to be included in teams if they were not mentioned." steffes-j,Well. Haven't they got themselves in a pickle? steffes-j,Becky-- Please keep Guillermo and Melinda in the loop. Thx. steffes-j,Dave -- I'll look at today. Is there an RCR? steffes-j,"Mike -- When you have the list of customers we should contact, please let me know. I should try and get back with Ashley today." steffes-j,"Erin -- Enron is working right now to try and develop its policy on this issue. Clearly, our primary goal is to ensure that market makers such as Enron are treated fairly by the FERC rules vis-a-vis other market participants. While we are not yet enamored with any policy option, we are committed to helping FERC do whatever is necessary to create a strong and well functioning marketplace. As soon as I have any more, I'll let you know. Sarah Novosel and I are intending to come to the meeting." steffes-j,Wade - I would recommend that no one pay. The wire instructions are at the bottom of the earlier e-mail. The $ are pre-petition. Thanks. steffes-j,"Janet -- FYI. I intend to take vacation this Friday, all of next week, and Dec 31. Unfortunately, Harry Kingerski, Bob Frank, Jeff Dasovich,and Christi Nicolay will also be on vacation. If something urgent comes up, you can call me at home (281-759-8270) or on my cell (713-851-2499)." steffes-j,Sue -- Here is the list of key customers in CA that may support our efforts. Please work with Tom Riley to coordinate. steffes-j,Linda & Sarah -- I intend to come to DC tomorrow night and attend the EPMI v. FERC hearing (if I still have a seat). I'm planning on attending the GENI meeting Wed pm and Thurs. steffes-j,I was hoping to meet with PGE (but will hold off it is imprudent). Christi has reviewed something. I'll loop her in to find out all the details. steffes-j,"The PPO - Power Purchase Option - is a unique program based on the IL restructuring law. Texas has no analogous service. I agree with your statement that we don't need an RTO, we need to fix the physical retail transmission rules. It's important to keep consistent messages." steffes-j,Lunch works. I thin 11:45 is best. steffes-j,"Today after the Hearing I attended lunch with John Anderson and Phil Harris. One of the primary points of discussion involved what to do to respond to the NERC legislative efforts? Basically we agreed that a straightforward delegation of authority over reliability to FERC made sense for all of the groups. Agreeing to that, the idea is to review the Bingaman language and see if our groups could agree to that language. I think that internally Enron is already there??? John Shelk, if you could pls send out the language to everyone on this e-mail to get agreement that would be very helpful. I'll let you know how we next proceed. If anyone has any problems, please let me know. Thanks." steffes-j,"Alan -- What about a simple price cap (ala PJM) of $250/Mwh rather than a gas-index deriviative? Just a thought, do whatever the desk thinks is right." steffes-j,I read the same. It was crazy. Their solution is to tell us to do what we said didn't make sense. We won't give the FERC made up information. steffes-j,"Linda -- Can you please get a copy of the report below ""Spending Wisely on Private Hubs"" for me? If it costs $$, I don't want it. Thanks." steffes-j,Jeff -- Look at the letter. I see no issues. Call me with your thoughts. steffes-j,Susan -- Please take the lead on coordinating our response. Thanks. steffes-j,Linda & Sarah -- Please get with Jean to discuss. I don't think that Enron needs to send this right now with everything else. steffes-j,"Right now I'd let the FERC make that call. If asked, Enron believes that incorporating Fla into the Southeast makes great sense for Florida consumers - more access to low cost markets, etc. Why is the fight ours? Let's keep it alive before FERC but not make it a big push for Enron." steffes-j,"What does Mike Roan think?? Also, will they help pay for our ""natural market study"" in the SE??" steffes-j,"EEI's work is nothing more than the NERC language (but shorter). Still the key difference - self-regulating versus standard setting. Given that EEI seems to believe that the Canadian issues are minor, why get rid of the self-regulating nature?" steffes-j,No problem. Have a good vacation. steffes-j,"Thanks Barbara. If we need to do anything, please let me knwo." steffes-j,Thanks. I don't think that I want to travel to Europe right now. Market opportunities are slowing down. I think that we'll go to Mom's for some time. You can always come over through the weekend to see Gracie. steffes-j,"When: Tuesday, October 30, 2001 12:00 PM-1:00 PM (GMT-06:00) Central Time (US & Canada). *~*~*~*~*~*~*~*~*~* Can you make this phone call? Susan is on vacation." steffes-j,"On point #1 - I think that at the end of the day, FERC will not deal with the Negative CTC directly. All they will do is reset prices. The Utilities and the CPUC will then have to decide the legality and the equity of modifying the PX Credit and hence the Negative CTC. We have tried in the CA Refund process to highlight the fact that much of the ""high"" prices were due to inappropriate policy and actions of the CPUC, Governor, and Utilities. The core problem with this line of argument is that the Refund process didn't ask the first question - what or who is to blame. It simply took dysfunction and ran. We are trying in the context of the Rehearing case to ask FERC to restart with the right question. Also, remember that we aren't going to have a solution in the FERC case until sometime next year, probably after SCE gets its money. Finally, I think that the right policy decision is not to ""re-bill"" Negative CTC but rather to prospectively recover the costs. On point #2 - See point above. I doubt, however, that all ""high"" prices can be seen as just a result of underscheduling." steffes-j,Rick -- Please see attached. Lot's of $$ from CA. steffes-j,Fine. People are shocked. steffes-j,Is everything ok?? steffes-j,"Christi & Sarah -- Do we have to do something related to this? Thanks. Jim Note also that in a separate development FERC simultaneously opened a broad investigation under Section 206 of the Federal Power Act to apply the new market-based-sales policy to all U.S. sellers nationwide. What this means is that, although only three utilities are mentioned in this initial order, it is expected that FERC will continue to take steps to constrain what it believes to be erratic wholesale markets. Reportedly, some 30 companies are awaiting similar reviews by FERC to determine if the commission believes they exert market power. The 206 investigation reportedly also requires power providers with market-based sales authority to amend their tariffs within 60 days to provide FERC with open-ended authority to order refunds if the commission determines that market manipulation has occurred." steffes-j,Susan -- Can we sit down tomorrow or Monday for 30 minutes to discuss. Maybe at 11am Friday. Want to get an idea of the timing and our position. steffes-j,Jim -- Do have a final copy for my files? I assume that we submitted? steffes-j,Attached is a summary of the SCE meeting to discuss our Negative CTC claim. Call if you would like any additional information. steffes-j,yes. also there is one at www.1400smith.com that I helped set up. steffes-j,"Jennifer - I like your #2 and #3 issues for highlighting. On the issue of fuel diversity, Enron has been somewhat agnostic. Please draft some comments and share with Tom Hoatson to submit." steffes-j,Thanks Becky. I've truly enjoyed getting to know you better as we've worked closer these past few months. You've taught me alot about natural gas issues and if I can ever do anything for you please let me know. steffes-j,Yes. Have fun. steffes-j,"Christi -- Like we spoke about yesterday, the key play here will be to understand the retail opportunities. Let me know how your efforts to get a good synopsis goes. Don't forget to use Jennifer Thome to help in this effort." steffes-j,"Linda -- Can you please pull a copy of the ComEd OATT that would include the calculation of ""OPC"" mentioned below? Janine -- Doesn't it make sense that we are disadvantaged vis-a-vis their own transmission service and should talk to Donna Fulton about a complaint at FERC?" steffes-j,Then let's proceed with that model. Someone needs to tell Jean B. not to get involved. steffes-j,"Nothing really - he both had the $ to retire and wanted to spend more time with his family. No ""forcing"" out." steffes-j,"Ok. Also, don't forget about the Dynegy v. ComEd dispute at FERC. Important for us in our physical business. Probably want the letter to be a little more specific on a monthly index v. an hourly. Also, what about the 400 kw size distinction, is this the right #? May want to talk with Jim Wood. Isn't the DST question also important? The ICC's decision will impact the need for a PPO." steffes-j,"Thanks. If you need any additional support pls let me know. Also, pls send my best to Thane and his family." steffes-j,Here is PJM's attempt at NERC language. I think it makes sense for us to support this. steffes-j,"Paul -- Why so ""unhappy""? Isn't this the best time of your life? I know that I am truly looking forward to telling my grandkids that I not only worked at Enron, but I survived the ""collapse"". Don't worry about the O drive thing - I'll take care of it." steffes-j,Lisa -- Who should I send this guy to? Tim Battaglia? Thanks. steffes-j,"Andy -- I was speaking yesterday with Chuck Ward. He indicated that we continue to have (or may have soon) litigation surrounding our ownership interest in Cornhusker. This is important primarily because the Texas Public Utility Code requires that the PUC approve any merger of generators that will have a combined ownership of over 1% - which Dynegy and Enron will have. I want to make sure that we represent our ownership interest to the PUC appropriately given the current dispute. If you have any specifics, please let me know or give me a call." steffes-j,"Christi -- Let's talk. We are arguing against NERC, but Kevin needs to understand that something must be in its place. We have a policy that we are supporting - giving reliability to FERC - and that is Enron's approach. Have you communicated that to Kevin? Also, on RPS and energy source reporting, I agree but this may be a part of the final package. Also, the language I read allows the FTC to construct a process that makes it possible to not use day ahead markets." steffes-j,Lynne -- I am very sorry that I have not yet responded to your e-mail. I am trying to firm up my calendar. Not sure that Excelon and Enron will differ greatly on the key lessons learned. I should know by mid-week (if you haven't already filled the slot). Jim Steffes steffes-j,"Wade - Anywhere that we have Supplier Consolidated Billing Enron put up some form of credit to cover 45+ days of Utility charges. So while I am unsure of the form of collateral, if Evan provides a list of where we are doing Supplier Consolidated Billing, we should be able to construct a Collateral Obligation worksheet. We also have collateral in each ISO (NE-ISO, NYISO, PJM, CAISO). It will take some time to de-DASR to Dual Billing and until our accounts switch, the Utilities will hold the Collateral." steffes-j,"Lisa -- I appreciate your note greatly. While we didn't always win, we did always give the other side the fight of their lives. Electricity markets in the Mid-atlantic (and throughout the country) are better for the work you did over the last few years." steffes-j,David -- Here is some info the Windfall Profits. Jennifer can keep you updated. steffes-j,"John -- Look at the letter from CAEM below. They want us to sign on. Not sure that Enron adding its name is the best idea. Also, are the sections listed the right ones? Maybe we can change this without our name." steffes-j,"Nancy, etal -- With the discussions at NERC recently to broaden their role, I think that we need to be very coordinated on our EISB message and begin to figure out how we get AGA to work with the Retail Gas and EEI/UBR to work with the Retail Power quadrants. Let's think about a NARUC message to drive this very quickly (maybe at the next meeting). Having one body begin to coordinate all of these matters will greatly expand our policy reach." steffes-j,Ok. I agree. steffes-j,Thanks. Appreciate the concern. Hopefully most of this will be legal time & $ but one never knows. steffes-j,"Thanks. I've enjoyed working with you and more importantly, getting to know you." steffes-j,"Before I send this Louise, I'd like your thoughts. The element that drives the EA # higher than I would have thought is the large number of people who are working on RTO and NERC only matters. I've made a decision to assign these people to EA rather than spread to EES. I could change if you think appropriate." steffes-j,"I would think that we should take the time to talk with local counsel or other ""allies"" to get a feel for the chances in AZ. I also think that the difficulty in AZ will be a physical problem with getting transmission service - no RTO. It would be great to have a thorough analysis of problems in every open market just to know what the issues are." steffes-j,Linda -- Have you heard anything from DOE on this?? steffes-j,"Bryan -- Thanks for the info. I think that a Section 4 would be good to add - who is on each list in a ""major"" way? Sort of your analysis of who is the best company to leverage if we are to work a deal?" steffes-j,"A couple of points -- 1. The language in the relief indicates that we are trying to ""determine the validity and amount of PX Credits owed to EES and EEMC"". Is this correct? Isn't our primary goal in this complaint to (a) have the Utility return the net credit to our bills and (b) to allow for recoupment againts all non-generation related charges? 2. Throughout the document the idea of ""T&D charges"" is used. I assume that this is shorthand for all non-generation related charges? We pay CTC and public purpose costs as well as T&D. 3. Not sure if CPUC regulates the ESPs. The filing makes this case in the first paragraph." steffes-j,We have not made public the SCE amount (as far as I'm aware). We need to make sure that IR is in the loop - I think that Mark Koenig is following this issue. steffes-j,Jeff - Sue called on Friday late and had some issue with the research report that was to go out. She didn't give me any details. How do we get to her to discuss. steffes-j,Please comment ASAP. Want to get to Fallon. steffes-j,"If we do take over this type of role, what issues and information would the NYISO be entitled to? We are pushing DG and load curtailment very actively." steffes-j,Donna -- I'd say that it is a commercial matter. Try and push the bill back. I know that Paul says his RC is closed but someone above him has to have some $$. steffes-j,"Ok. Christi -- Please ask each regional RTO heads (all that are being discussed + Mediation) to develop one page memo. May want a map with current config and a map with FERC model. Let's plan on doing for September 11 or September 12. I'll ask Linda Noske to work with Duran's assistant to coordinate. Also, let's give info on current Interconnection issues. Finally, Christi, maybe you could develop 5 key regulatory issues." steffes-j,"Thanks. We have some relationship with Trans-elect - supported Trans-elect on the NG question of managing member of ARTO. If you want to sit down with them, let me know." steffes-j,"To make sure that everyone is on the same page, my understanding is that Thane ""owns"" this issue from top to bottom - Thane needs to make the recommendation about moving forward or not. Please keep me in the loop." steffes-j,"Mike -- EPMI is the QSE. As long as our customers don't mind that we are deciding their congestion charges internally, then this should work. My concern was that our customers would balk at Enron deciding how much of our costs they should pay?" steffes-j,I saw this recently. It's true AND funny. This place is amazing. steffes-j,Thanks. Having this e-mail on the agenda for the upcoming meeting is very helpful. steffes-j,"FYI. Also, does the same obligation present itself in Illinois? Are there any restricitions or obligations on EES as a marketer in IP territory?" steffes-j,My fault for not making it clear that you should have been in the loop. We will send out a message across the board to help with this. steffes-j,Ray -- Please examine closely the attached note from the CalPX. In the letter they appear to want some guidance on how to allocate the refunds to buyers or they'll simply decide. This is a quote --- d. Allocation of refunds to demand (buyers). As part of these proceeding the method of allocation of refunds to buyers must be addressed. CalPX proposes to use its share-fraction allocation method to determine how to spread the refunds among its participants if there are no specific Commission orders on how to allocate the refunds. Please let me know the implication and if the CAISO has a similar provision in its tariff. Jim steffes-j,Jean -- The PUCT voted to delay for SPP markets. Not sure about Entergy. Any news? Can you send out something to the business people? steffes-j,"Looks good. I agree that making arguments about merchant generation ""stranded costs"" is questionable, better to couch this as ""structural impact on market participants"". More importantly, if I bought 50% of generation in one market, and FERC changes their rules, seems like I either (a) sell generation and take the loss or (b) get regulatory risk insurance. FERC has the right to make markets work. Finally, on the issue of blanket authority, I think that the CAISO model is a good example of why this may not work for Enron. In the long-run, as a market-maker, Enron needs workable markets. A good test case would have been this - under FERC's proposed rules, would FERC have granted market-wide waiver in California? If FERC is comfortable with the result, than move ahead." steffes-j,"Ok. It seems that (1) we should try and get a handle on AZ - Leslie Lawner please put something together and (2) need a Market Plan on NV - Pat Keene put together. Paul, I appreciate the issue with OR but I'd like to know what is the opportunity and make sure that PGE is not destroying our chances - Christi got wind of a Imbalance pgm that was punative to marketers. Who can we meet with to discuss?" steffes-j,"We need to be very cautious about signing on to documents that seek to delay the start date of any RTO - unless and until I hear something different from FERC, my going in assumption is that Enron will be one of the only voices on this issue. We should only give on this issue when real value is being created. Why not file a ""me too"" on the issue of seating of the Board w/o agreeing to everything else?" steffes-j,Are we ready? I thought that we were still moving through the process. steffes-j,Sue -- Please follow up with Roskow at the CPUC. I hope that he can get an answer before EOB Monday next week. Please keep me in the loop on this. steffes-j,Damon -- Good idea. I'm out early next week. How about next Thursday? steffes-j,"Ray -- Looks very good. We need to stress the points on what we need FERC to do -- fix their mistakes in the Rehearing. One other point, maybe we should stress that FERC could open these proceedings and not delay the decision because the Cal ISO is taking so long. Also, don't be shy about describing how the process is going so slowly and the ""abuses"" of the Cal ISO and its lack of independence." steffes-j,I agree with Christi's point. The problem is that those arguments - effectively that real competition will take away market power - are no longer effective at FERC. I think that Massey and Wood are ready to do something more potent. My primary question is how do we think that Appendix A would apply to Enron? Do we want Hirenymous (sp?) to undertake a proxy exam to see the real impact? I am going to try and schedule a phone call for next Friday to outline our next steps. Should anyone else be in on the call? Who else could lead this analysis for us (given that we are all so busy)? steffes-j,Mary Lynne -- Is this for both EES and EEMC? Is EPMI in this bill? Can we pay separately by company? steffes-j,Got it. Thanks. steffes-j,Are we winning? Any movement on our issues? steffes-j,"Here are my thoughts. I have to be honest, I'm struggling with the Transco / RTO split." steffes-j,"Guillermo -- I should sign the letter. Also, we should be consistent on affiliates given EPMI and Enron Gas Mktg. We are affiliates of a pipeline. We offer competitive services on the affiliated pipelines. Let's be consistent with our own business. When are you going to send the letter?" steffes-j,He said he'd call. Let's call him at 4 -------------------------- Jim Steffes steffes-j,Howard -- Did we deal with the EES letter from NYISO MMU? Pls let me know. steffes-j,"Rogers -- FERC has already filed a policy statement providing for cost recovery of ""security"" upgrades assuming they are reasonable. I know that the Bush Admin will now have the response as its top priority. I think that it will take a couple of weeks before we really understand the implications for further energy reform. FERC postponed announcing its Work Plan this week but my guess is that Chairman Wood will continue down his course. Retail competition in different states was already under fire from the California situation. Not sure if this week's events will have any major changes. Thanks." steffes-j,"We (Marianna and I) decided that with the new baby on the way - not sure if you knew this - that now wasn't the time to head to DC. Although with the stock price and company in shambles, maybe it would be a more ""conservative"" bet. Hope you're doing well." steffes-j,Jean -- You may want to call Jeff and find out where he is going with this talk? We still need to meet with a detailed plan on Texas. Maybe next week or soon thereafter. steffes-j,"Louise -- Here is the analysis on how many Govt Affairs' FTEs work on Enron Americas matters. The bottom line = 67 Professionals in group / 29 FTEs on Enron Americas. Call if you want additional information. Also, I am trying to arrange a meeting for this Friday to discuss our next Monthly Update (which I am finishing hopefully tomorrow)." steffes-j,"Sorry that I am just getting back to this. I think that one of the key roles for Reg Risk Analytics is to ""validate"" the appropriateness of regulatory assumptions in EWS retail tariff curves as well as help Govt Affairs build risk management plans. Let's talk soon." steffes-j,Here is my testimony. I have one attachment that is being sent via fax. steffes-j,"Jeff -- Please don't forget to get load #s or de-DASR customers - probably 50+%. Good info to cover our ""remaining"" customers." steffes-j,"Ed -- Can you please draft a letter (similar to what Paul Darmitzel sent to gas LDCs) to send to PECO Thursday to indicate that placing our physical load customers on bundled POLR service is not objectionable to EES? We have a bill due in PJM this Thursday that may not get paid. If we don't pay PJM on Thursday, our brief analysis of the PA Supplier Tariff is that PECO can pull these customers back. The customers in PECO are GNO (e.g, Suiza), so not sure what the contract issues would be - maybe Michelle can help here. My understanding is that the contracts should allow EES to serve using Utility power, so we should still have the right to determine to reject or not. Please let me know if you can do this and if there are any issues." steffes-j,Linda -- Please arrange a call-in number for 10:30 am Houston time for everyone above for tomorrow. Purpose - Legislative Strategy. Thanks. steffes-j,Linda -- Please set up some time (about 1 hour) after I return from my vacation with Dave Duran and Rick Shapiro and myself to discuss Enron's Wholesale & Retail Advocacy Positions. Thanks. steffes-j,"Paul & Alyse -- If we need help, Sarah is interested. My recollection is that we had filled the slots. Please let me know." steffes-j,"Rogers -- Harry Kingerski informed me that you and some team members were going to visit ConEd to discuss the Benchmark Rate Swap. I think it's a great idea (Scott Gahn and I had discussed something similar a few years ago when he ran URM). My only thoughts for you would be: 1) maybe difficult to do the swap with the Utility (given PUC oversight), but the Holding company should be in the same place financially and should be protected from PUC scrutiny and 2) being long T&D (assuming that you don't sell 100% of the position to customers) creates interesting regulatory questions. I'd love to sit down with you to discuss this product." steffes-j,thanks for the reply. we will be reviewing the applications in due course. probably best to work through the standard process. steffes-j,"Per our conversation today -- 1. Sue Mara is working with AReM to (a) work on an alternative vehicle for DA - the Bowen bill, (b) get the ""taking"" argument for retroactive CPUC action to Norm Plotkin and Richard Katz, (c) call APS Energy Services to motivate Boeing, (d) getting AReM active on the date issue. By the way, Sue Mara heard that the CPUC has received ""hundreds"" of letters related to the CPUC decision. 2. Everyone should be working to get customers focused on messaging to the (a) Governor's office and (b) trade associations. KEY MESSAGES: 1. Don't have the CPUC Make Wrong Decision Tomorrow 2. SB78 can work if DA Suspension Date = Sept 1.01 or Later 3. Setting this DA Suspension Date Does NOT Mean that Customers Will Escape Fair Surcharges I am putting together a gameplan right now for who to call and the messages. 3. I called Sandra Yamane (at Marathon Communications) re: CEO contacts. Once I receive the list, we'll make a decision on how to proceed with that group. 4. Hedy is working to get Hertzberg (and any others) to call the CPUC and seek another delay. 5. Mike Day - can you please draft language to use on the Assembly floor to ""fix"" SB78 per our interests. Hedy & Bev, who should support the amendment? Don't we need a member to carry the provision? Wouldn't it be better if we had CMTA or the CA Restaurant Association? Is this possible? 6. Scott Govenar is calling Boeing's lobbyist to get them ""interested"". Thanks everybody. Keep up the great work!!!" steffes-j,"After talking with Dan, I intend to set up a meeting to provide complete matrices on licensing and utility contracts sometime early during the week beginning Dec 3. Also, just to make sure everyone is clear, Harry, Gloria, and Rebecca are on point during the next few weeks to ensure that that EES and/or EPMI responds timely to any request for info, additional security, or other utility matters. This, of course, will continue to require help from legal, credit, and operations. If anyone has any other questions, please give me a call. Thanks." steffes-j,"The first order of business is getting the cost/benefit analysis done. Once we have that study, let's go to press." steffes-j,Hope you and Gracie are having a good day!! I miss you guys. California is a difficult State to understand. Things are crazy. steffes-j,"LUIZ -- Attached is a version that I changed. Mainly formattting the intro. I think that our current draft is too long without a short synopsis up front. We want a White Paper that reads like an advocacy piece. Please add to whatever you are doing. Also, move forward with contacting Larry Ruff for (1) his analysis of your and my combined draft and (2) a simple affadavit on this. Govt Affairs will pay up to $10k for this work out of our current budget. We need to have this finished by Tuesday EOB. CHARLES -- We need to make sure that Monday and Tuesday someone calls everyone on the Committee considering changing these rules on Thursday. Let's get the list and start lobbying actively. Call me if you have any questions. Please talk with Doug Gilbert-Smith about who and where. Maybe Christi and Jean Ryall can help. CHRISTI -- Pls make sure that Steve Walton and Sarah Novosel are ok with this statements. Thanks." steffes-j,Need to also include the moneys owed to Enron and its affiliates related to the wholesale power transactions. We should also seek to clarify the language about us supporting the PE Advice Letter proposal on going-forward. steffes-j,Jackie -- Pls send me a copy of the report. Thx. steffes-j,Customers we will start to de-DASR probably next week. VERY steffes-j,"This guy runs a small think tank / TV and radio program that tries to push competitive ideas. He is very pro telecom and energy dereg. Not sure if this is something that makes alot of sense for Enron, but thought I'd get your spin. I'll follow up with you." steffes-j,FYI. You may want to send out to RTO team. steffes-j,"Amy -- I am surprised about Dasovich already getting something. I would recommend the following amounts. Montovano $108,000 75,000 Comnes $0 (started late last year) 50,000 Walton $65,000 50,000 Yeung $36,000 40,000 Lindberg $20,000 40,000 Frank $55,000 40,000 Can we talk tomorrow to finalize? Pls give me a good time." steffes-j,"Can we talk about this protest at 3pm (using the last 30 minutes of our call on Market-Power analysis)? Also, we need to coordinate this activity with some protests that Janine filed in the Ohio PUC about a failure of implementing a fix for the ""native load"" exception." steffes-j,He is at the State Dept. (202) 647-8931 SchriverRG@STATE.gov Glad to hear things are well. steffes-j,Darran -- Pls submit an RCR for me to discuss at today's meeting. RCR - EPSA SE RTO Study. $60k. steffes-j,"Lisa and Dave -- Are you the right people to discuss payment or modified credit terms for EPMI? The issue with NEPOOL is that our UI/CMP/NSTAR wholesale reqts deals would be harmed if we don't pay these guys. I don't know if we should pay, but I need to figure out who is on point for paying if that decision is reached. I know that John Llodra is trying to sell these positions." steffes-j,"Sue -- My thoughts on the filing. 1. Pretty hard line with Comm Wood. I don't have any problems with it as written, but comments like ""CYA not Calif Youth Admin"" is not appropriate. 2. We don't deal with the requirement to submit contracts? Should AReM address this? My understanding is that for contracts with customers below 20kw we need to submit something (maybe with the price and term blacked-out)? Is this correct? 3. In the conclusion, don't we want to ask the PUC to take some affirmative action - tell the industry that they will never implement retroactive suspension, that their is no cost shifting, and that DA customers can extend without penalty? The filing simply asks for no harm." steffes-j,Sandy -- Can you please send all letters sent under Dan's name to him tomorrow. You may want to send to Esmeralda. Thanks. steffes-j,Great plan. Are we discussing today at 4 DC time? steffes-j,Not sure if we can do anything. It's Paul's call. steffes-j,"While I appreciate the concerns about the diffferences in East and West, we've waited too long for utilities to agree to make RTOs happen. We can finesse this forever, but we need to give FERC some tools to force the process." steffes-j,Fair points. My dogma machine is running at high today. Don't disagree with your thoughts. Let's get the answer that works for the business for the long-term. steffes-j,Isn't there a better option for all of the ComEd issues - open the legislation??? Why not talk with ComEd about this??? steffes-j,"Tom -- I received a call today from the CPUC (came through the main Enron number) - a CPUC staffer named Joyce at 415-703-2199 (no one was interested in giving the last names). Someone named Dan at the Quail Ridge Research Station (7001 Hwy 128 Napa, CA 94558) called the CPUC to complain that he was inappropriately switched from PG&E to Enron. It's a strange situation - the Universities own the bldg and land but a Trust pays the bills. He says that ""the facility isn't anywhere near the campus."" The PG&E account number is ZNL8242005. His phone number is 503-752-0873. I told him that we would look into this and get back by end of business Thursday. The CPUC staffer is Joyce at 415-703-2199 (no one was interested in giving the last names). My guess is that UC/CSU listed this account on a switch request but didn't ask Dan. What should we do??" steffes-j,I'll be on holiday during this time frame. Don't wait for me. steffes-j,Tom -- You may want to go to this event and report back to Susan Lindberg. It could provide a nice overview of the status. steffes-j,"Rick -- Any insight into this statement about Whalley and Frevert? I'm guessing that this is just Lay's vision of what is now impacting our company? Appreciate your thoughts? Jim Lay wasn't more specific about the two men's assignments. ``They'll be looking at all of the businesses -- the wholesale unit, government affairs. Anything that affects Enron,'' Lay said." steffes-j,"Thanks. By the way, it is only a ""suggestion"". I know that I can push pretty hard at times but it's only because I believe that both of you can handle it. You're both doing fabulous jobs. Of everything going on, I never worry about the NE and SE RTO mediations because I know that you guys are going to get everything possible for Enron. Keep up the great job!!!! Thanks for everything," steffes-j,"Julie -- Given our current situation at Enron, I wanted to let you know that we will not be able to support the SE RTO Study. I assume that you were already thinking this. This upcoming week should prove to be another amazing ride. As soon as we come up for air, I'll call and fill you in on the developments." steffes-j,A short analysis that indicates who would face the brunt of this bill (Enron?) and the mechanism ($/mwh or % of income)? steffes-j,"I didn't get the attachment. If you want my thoughts, please let me know." steffes-j,Looks fine. Thanks for everything. steffes-j,"Except that my understanding of the SCE model is that the CTC structure will continue beyond 3/31/02 (and may then apply for PG&E). I agree that if you were to go to a bottom's up, it would require the CPUC to put in place a surcharge for remaining stranded costs (non-generation, for example QFs) and a second surcharge for Negative CTC ""overpayment"". Key question is who will pay the Negative CTC ""overpayment""? On trying to understand the PX Credit algorithim, my concern is that to understand how much the ""overpayment"" was during Oct - Feb, we need to understand how costs hit the structure during that time period. Otherwise we don't know what form or amount of discount is required in the Settlement talks." steffes-j,"Becky -- Thanks for the updated list. I will include it in our database. Please continue to coordinate with Roy Boston on the ""info"" reporting." steffes-j,Some more information would be nice. These seem low. steffes-j,Thanks. I want you on the call. Try to do Wednesday pm conference call. steffes-j,They are active throughout the West - mainly California. We can use them. Both are good. steffes-j,Guys -- We need to quickly put together some talking points on how to respond to AEP's request for delay until 2003. My understanding is that AEP in Texas is wholly outside of ERCOT (if wrong - please inform). AEP needs only to file a good amendment to the FERC OATT (or SPP needs to do it for them) ASAP. My basic model for provisioning of energy for retail competition in non-ERCOT Texas is that delivery to the border of the OATT provider (for instance delivering a into-Entergy product into Arkansas and paying for losses would be sufficient for delivery into the Woodlands). Jean was going to call Luiz to get this issue on the burner. steffes-j,Kay -- A couple of things -- 1. Jim Steffes not Jeff Steffes 2. My cell phone is 713-851-2499 not 2489. Thanks. steffes-j,"Attached please find Sept's Government Affairs report. If you would like to discuss, please let me know." steffes-j,Evan Hughes are we Dual Billing our current ConEd customers? Gloria Ogenyi will we owe more $$ if we don't switch to Dual Bill? Scott Gahn what are the issues if we do switch? Thanks. steffes-j,"Seems reasonable to me that we tell NERC they can't ""make a land grab"". How about EPSA and ELCON signing a letter together to the Chairman of NERC Board?" steffes-j,Amr -- Can we use cash as collateral for PJM?? steffes-j,John - I think that Sue is still on vacation. Jeff may be able to help. steffes-j,"Bryan -- Thanks for the update. On the first issue, there was a letter sent from the CAISO to some Congressmen. Please find this. Also, keep trying to locate the creditors list - we want people that bought and sold electricity." steffes-j,???? steffes-j,"Agreed. Ray Alvarez is working with Fergus and Watkiss, etal to get this taken care of." steffes-j,Gary -- Do you still have a contact at Waste Management? I hear their financial troubles seem to be under control. Just wanted to start some inquiries? steffes-j,FYI. Thought you'd be interested. steffes-j,Thanks. Fully agree. I figure Sarah's already committed to #2. steffes-j,"Can we have breakfast Wednesday morning at the Park Hyatt to discuss where we are and necessary next steps? Given Southern's statements (as well as others), this is the key analysis that would hold up this from moving forward." steffes-j,Alberto -- Pls ask Sue Mara where these stand. I thought that the FERC didn't approve. steffes-j,Sorry. Pls let me know the outcome. steffes-j,Alan -- 1. Is Sue Mara going with you? Who else is going? Anyone from commercial or scheduling? My understanding is that Ray Alvarez is attending? 2. Do we have a list of issues that we want to go through with the CAISO? Maybe outlining our Top Ten before the meeting and getting internal agreement (maybe even with the other participants) makes sense? steffes-j,"I wanted to make sure that you had seen the language Jeff references that 1) explicitly recognize the PX Credit as part of Edison's undercollection, and 2) permit Edison to pay debts associated with the negative PX credit in the earlier e-mail. Call me with any questions." steffes-j,"As you can see from the comments below, staff at the Texas PUC is considering whether or not certain areas of Texas are ready for competition (the non-ERCOT region). Who on your teams do we need to talk to understand the implications of this action?" steffes-j,"Harry, Janine, & Bob -- Joe Short works on Project Phoenix (rebooking of old EES deals). He is interested in any analysis that we may have provided related to the Simon Properties deal with the Master Meter issue. If anyone has any old files on this, please send his way. Also, any updates on where we stand (e.g., Ohio court cases) would be good. We probably need to have a review of our rights and obligations so that we can properly book the deal. After we get Joe our info, we can regroup to determine next steps. Thanks. If anyone has any questions, please call." steffes-j,"Look at this web site www.southerncompany.com Go to the section ""NEWS & ISSUES"" section of the web site. They compute the cost of moving an electron from New Orleans to NYC." steffes-j,Harry -- Let me write-up some things on this and will send to you. Hope everyone is well. steffes-j,"Thanks Chip. If you hear anything else, please let me know." steffes-j,Janel got something on this from PRI. Not sure about how much media it got. steffes-j,Yes. I'll get us a conference room on 47. steffes-j,Pat -- I received your voice mail. Will be testifying this morning. I will try and call later today. steffes-j,"Isn't Friday the Potluck? If not - yes. Otherwise, how about Thursday?" steffes-j,"EEMC has filed in MD for a gas license. It is on the calendar for this Wednesday. There have been a number of letters sent dealing with ""questions"" on our license. Govt Affairs is concerned that this will be voted down by the PUC given everything that is going on with the company and our incomplete record. We would recommend that the agenda item be removed this week and we deal with the outstanding issues. If anyone has a significant reason not to pull the item, please let me or Harry Kingerski know as soon as possible." steffes-j,Still need to get with bkty lawers. Later today. Will call. Tomorrow approval ok -------------------------- Jim Steffes steffes-j,"Yes. And I'll need clubs (right handed). Thanks for doing this," steffes-j,Appreciate the thoughts. I especially appreciate your hard work over these last few weeks. steffes-j,"The EWS West Power URM desk will need to determine the $$ at stake and help us manage our financial exposure and the appropriate policy response. It's their $$. So far, my understanding from the desk is that our current policy recommendations (as outlined in the Mike Smith memo) are the ""preferred"" outcome - I'll reconfirm." steffes-j,"Haven't got anything today. If I get some, I'll send to EPSA. Thanks." steffes-j,Something to think about -- Topics to be covered in the Texas Intrastate White Paper: 1. Current state of the Texas Intrastate Market 2. Areas for improvement 3. Proposed future state of the Texas Intrastate Market 4. Strategy for implementation 5. Actions for implementation 6. Appendicies: a. Form of transport contract b. Gas flows in Texas c. Basis price steffes-j,What does this mean?? steffes-j,Not sure. Probably won't be ready until end of year. steffes-j,"Jamie -- Thanks for the external view on legislation. I agree that most of the bills don't ""get it right"" - the hope is that the FERC can do that without too much legislative guidance (which of course would be wrong). Not sure that setting up a new federalism on this will ever work - not enough $$ to states to get them to overcome the political power of the utilities." steffes-j,Thanks. No major issues. steffes-j,Hope -- I will be attending the Board Meeting. Sorry I am so late. Linda Noske will be finalizing my plans. steffes-j,Do all REPs have to report this information - including our customer complaints? Even if we only serve non-PTB customers? Who is tracking this internally assuming we have to file it? Do the business people understand this obligation? steffes-j,Yes. Peter is the one who I spoke with. My testimony went fine. Me too. steffes-j,Friday breakfast works for me. 6:30 am at 59 Diner. steffes-j,"It's on my calendar. Unless I need to be in California, I'll go to DC." steffes-j,"To follow-up on NEPOOL matters -- Last week, the NEPOOL Members Comm did not take any action against Enron. I received a call today (that I intend to return tomorrow) from Dave Doot - NEPOOL Secretary. He would like to have a phone call with Enron's attorneys and credit people to figure out how to manage our credit issues going forward. The reason there was no action last week was because NEPOOL hoped that they could work something out. I do not know what the bills are for EES/EEMC/EPMI? I will call Dave Doot and find a good time for later this week when I can arranage a call with the appropriate people. Call with any other questions." steffes-j,Agreed. Pls make sure the PUCT understands this. steffes-j,"Mike -- Let's discuss. I don't want to overextend our involvement to all regional reliability councils and all working groups. If the MAPP RTC is critical, let's understand why and staff as best we can." steffes-j,Good idea. Harry is the best to start with. steffes-j,I would like to take something to Dan Leff by end of business tomorrow. Whatever we have. steffes-j,"After the PHC today, we should have a better feel where the parties are and what the discussions will provide for. Sue, can you make sure that Jeremy and team have a synopsis and outline of next steps. Thanks." steffes-j,Thanks but my group has an all day budget meeting. Maybe some other time. steffes-j,"Janine -- Who is IMServe? I'm guessing they are a vendor that does billing, etc. You should e-mail Evan Hughes to determine the nature of the CSC arrangement. But I don't think that we want to give our business to a company because they help in one case?" steffes-j,"Pat -- Please keep Jean Ryall and Thane Twiggs in the loop on these activities. Specifically, they need to let the desk know before we take any formal actions." steffes-j,Jason -- Dinner is at 5pm at the house. We are catering from Eatzi's. Casual dress is preferred. See you then. steffes-j,"Here are my comments given my very short review of the NGA Statement. 18.3.4 Demand Response GOOD 18.5 Improving Energy Transmission OK talks about ""equal access for all suppliers"" even though says ""oppose preemption"", indicate a willingness to better coordinate 18.6 Regulatory hard to read if the section on ""no preemption of state regulatory authority"" is good or bad...we don't argue that our model preempts any authority, only that transmission service is best defined by FERC." steffes-j,Gloria -- Vicki Sharp was interested in trying to update our Licenses throughout the country. I will arrange a meeting for us to follow-up. steffes-j,"Janine -- What does this do to our current book of customers on MSG? Will our $$ margin evaporate? Is there some other ""solution"" on how to restructure the FE retail market? What wholesale issues does FE need to change to help the EWS desk?" steffes-j,"John -- On this bill, I would think that as far as our competitive businesses go, we should work through EPSA. Better to have the industry speaking with one voice. To that end, do we know where EPSA is on this - Reliant and Mirant will have a much larger impact. Finally, we probably will need this ability for our Control Area operators." steffes-j,"Dan - Spoke with Janet Dietrich yesterday. Slight change to our advocacy versus our Monday discussions. After meeting with Sean Holmes, it was agreed that our policy work would say (1) no retroactive DA suspension (at least not earlier than Sept 1), (2) don't end DA but study how to allow it to continue. If the CPUC does suspend without retroactive, the fear is that re-starting the CA market will be very difficult. Please call me when you get some time." steffes-j,Thanks for the info. Not sure what we're doing. I'll pass this along. steffes-j,Lisa - Please include G. Canovas in these discussions going forward. Thanks. steffes-j,Yes. Although probably more useful (if we have a smoking gun) in the Legislative arena. DOE has no authority over TVA. steffes-j,Christi - Did this come from FERC?? steffes-j,Thanks for the info. I'll leave in your and Leslie's capable hands. steffes-j,"Leslie -- Did any of the gas commercial people respond? Also, any communications from ENA and Barry T. on this?" steffes-j,Vicki -- FYI. This bill continues to move. Jennifer Thome prepared this synopsis. Please let me know if you need anything else. I'll ask Jennifer to keep you updated on any changes and status. steffes-j,"With Alan Comnes on vacation starting this week, the primary point person from Enron Govt Affairs will be Ray Alvarez in our DC office. Ray will be following up on this and other filings, etc. on this case. Jim" steffes-j,"Next Steps -- 1. Leverage EES Customers Signing Post August 25 Contracts The language in SB78 continues to hold the date for suspending DA as August 25. EES signed a number of very large contracts that benefit important in-state businesses. We are trying to establish a strategy around the following segments: a) California Restaurant Association b) CMTA via the Aerospace Industry c) Wal-Mart. We need all of our customers to call (a) the Governor, (b) the key Legislative members, and (c) their trade associations. Leveraging the trade associations is critical given CMTA's support for the bill. We can release (very quietly) to influential persons Wal-Mart, Raytheon, and Northrop. It is also critical that we try and contact someone from Boeing to get their read of the bill and its impact. Our understanding is that they have recently signed a deal with another marketer and will be cut out by this Bill. Any help in communicating with Boeing is critical. Please let me know how best to approach the Calif Rest Association. What should we do? Is it better to have our customers call? I will work up some talking points and phone numbers with Sue Mara to use in these discussions. 2. Fight the CPUC on Retroactive Order Sue Mara is working through AReM to convince the CPUC that their Proposed Decision would be illegal. Continue to push on this front." steffes-j,I don't think that it is one of our top issues. I'd recommend that we stay out. steffes-j,I think that this list is fine. Any thoughts to including the key Industrial customer and legal rep for the Munis / Coops while in this area? steffes-j,"I will be setting up a conference call for later today to discuss our latest view on developments in the California market. If anyone has any specific questions before then, please call me at 713-853-7673." steffes-j,"Does everyone have access to the O Drive / Public Affairs directory? I'd like to keep an external contact list (PUCs, Utilities, etc.) and any material we are creating (files, documents, etc.) in this area so the entire team has access in case someone is out for the day. To get into this, go to MY COMPUTER, find the O Drive and then find the Public Affairs folder. If you don't have access, please let me know." steffes-j,"Vicki -- I will be in town on Thursday and available to meet. Assuming that the meeting won't go for more than 1 - 1.5 hours, I'd be happy to attend." steffes-j,Howard - Have you and Jeff Brown talked about the MG deal? I want to make sure that you understand fully and appreciate any issues / concerns. Thanks. steffes-j,Ray -- I think that this is about the CalPX bankruptcy. Any issues? Can you please get with PGE to make sure we are on the same page? steffes-j,What was the explicity capacity ($/kw-mo) component by year for PECO in their stranded cost case? Feel free to call JR. steffes-j,Thanks. Let's get together (just you and I) and figure out how we can make sure our teams are working together. I am sure that you don't want to worry about this stuff any more than I do. How about for 15 minutes after the EES Op Comm on Monday? steffes-j,What do you think that about having Kerry take the lead on all MAPP area RTOs while also supporting Roan in MISO/ARTO? Not top priority but I think this could be a good opportunity. steffes-j,It is critical to win this case. Sounds to me that Dynegy wants ICAP in the Midwest. steffes-j,FYI. Please keep this confidential. steffes-j,"Yes, if by Aug 19 we don't have the strategy, we should file. But we need a comprehensive strategy before the end of the week. I hope to drive that to conclusion." steffes-j,FYI. It would be helpful for you to be on this call. steffes-j,Ricardo -- I tried to call this morning - no answer. Pls give me a call today. steffes-j,"In speaking to the PUC today, they are under the impression that we are currently physically serving Compaq and JC Penney. Is this right? If so, don't we want to deDASR them?" steffes-j,Sue -- Do you have a list of the Commissions / Officials that you have discussed these issues with either formally or informally? It would be good to make sure that we have a running tally. steffes-j,Probably not. Thanks. steffes-j,Think the best thing is to let it ride - no sense in discussing because we don't have a solution for them. See if any intelligence on how hard they are going to push NPCo to fight us. steffes-j,"Hi Sweetie -- Out here in California. Trying to rally support for competition. Hope you and Grace are having a good day. I love you," steffes-j,"Bill -- Joe Hartsoe (Fed Reg Affairs) got cc: on the demand letter from PJM. I assume you have the letter. If not, please let me know - Joe sent me a copy." steffes-j,"Looks good. Please make sure that you submitted an RCR. If Ed wants more info of this type for other states, I'd like to make sure that we organize our efforts so we don't duplicate too much and deploy the proper resources." steffes-j,"Here is the contact information. Jim Cunningham Managing Director Burson-Marsteller 230 Park Avenue South New York, NY 10003-1566 United States of America (212) 614-4562" steffes-j,Thanks for the draft. Will circulate internally and respond. steffes-j,I would like to have a meeting today at 4pm to review the work that West Power URM has been working on to compare the economic impact of the 4 alternatives. It would also be good to get any other feedback from the meetings with SCE and other relevant activities. I will ask my assistant Linda Noske to get a call in number and a room on 47. Please let Linda Noske know if you will attend. steffes-j,Steve -- What's up with GA PSA Wise wanting to open marketers books? Saw this in Gas Daily today. Any info is helpful. steffes-j,"Guillermo - Before you send any letters, please make sure that Steve Montovano is the in loop. He manages that region." steffes-j,"Do you want to go to Las Vegas for this trip? I love you," steffes-j,Eric -- Please give me a call. I would probably recommend that you sign a new contract with Dick given that we did not intend to renew his option year. steffes-j,"Janine -- I would have EPMI be the party of record. Also, please make sure that Susan Lindberg gets a copy of all filings to pass along to the Midwest desk." steffes-j,Does EPSA agree that FERC should require all Transmission Providers should agree to an RTO of the FERC's choosing or lose MBR for all affiliates? That's the other message Lynne should put out. steffes-j,Thanks. Keep up the good work. steffes-j,Great. I'll be there. Jim Linda -- Please put on my calendar. steffes-j,Fine. Everything's crazy at Enron. Just trying to keep my head down. steffes-j,Not sure if there is much to do. I was just sending this e-mail because I saw Alan working to find a copy as well as John Shelk's team - wanted to make sure we weren't duplicating efforts. steffes-j,This story appears to be about residential. Do we know if C&I has feared so poorly? What are the problems with entering the market for those customers? Have these customers been angry or pleased? steffes-j,"I agree with Bob that the reporting issues are important. I also think that focusing on the ""lessons learned"" from the NE RTO and SE RTO mediation would be interesting. Have people from different industry groups discussing their views of where the mediations concluded (assuming we are finished by October). Any outstanding issues between EPSA members and between EPSA and other parts of the industry could be discussed." steffes-j,"FYI. Please try and attend. Bob, it would be good to have your issue list on the TFG Brief and next steps before the meeting to this group." steffes-j,"Jeanne -- Not quite sure that I am getting the picture. Let me lay it out more directly. The PX Credit for October 2000 was $225 based on the actual market rates. Now FERC is saying that October 2000 hourly prices for CalPX DA and CalPX HA markets were ""too high"" in June 2001. Can the CPUC change the PX Credit for October 2000 and make the Utilities recalculate our Negative CTC? What is prospective? Have they ever done this before?" steffes-j,"Leslie -- What would it cost for outside counsel to do the hearing? Maybe running an RCR through with the biggest $$ allows Shapiro, etal to discuss next Tuesday?" steffes-j,I'm ok with this. Jennifer will be good for RTO campaign. steffes-j,Susan -- Muchas gracias. Thanks. steffes-j,"Marcus N. says that everything is done on our emergency project this morning. Sam Behrens will write an opinion letter to allow the move without the need for a 203 filing and everything else is in place. Steve Montovano has/is confirming that in PA, OH, and NJ there are no outstanding tax or regulatory matters. We probably want to put in place an update to Clinton's MBR that would allow for A/S trading. Should we just have Sam do that work??" steffes-j,FYI. You may want to discuss with Becky. steffes-j,"Thanks. It makes sense for Gloria and Rebecca to get together (I am available to talk tomorrow and have asked Gloria to set something up). Also, we need to work together to make sure that EES' reports, taxes, and other requirements are filed in a timely fashion (with the right internal groups). On the IL Bond issue, there must be a disconnect between us and the ICC. The ICC believes that our Bond isn't current. Maybe we can figure this out together tomorrow? Call if anyone has any questions." steffes-j,FYI. Call if you need anything. steffes-j,"Ashley -- First, hope you have great Thanksgiving Holiday. Luiz Maurer and others put together the following set of questions for NG to potentially discuss at the upcoming meeting or earlier. If you have any questions, please call me. Also, Enron will sign on to a petition to for extension of time in the NG/ARTO case (not sure when this is due out). Some other people were pushing it and with everything going on here at Enron we needed more time to respond. Please don't take this as a signal that we can't continue to discuss and maybe help find a solution." steffes-j,"Guys -- I agree that we need to file at FERC. But we need to also get in the field with a strong message supporting FERC ASAP in the Southeast. I'd rather go down swinging. Maybe a least find out the objections of the parties across the region (including PUCs, stakeholders, etc.). What about building a short schedule? Maybe coordinate with DC office on key members?" steffes-j,We spoke with Roger Yang. They don't have anything on the shelf. I started to look at the PG&E web site and figured out that you'd have to have a PhD in Oper Research to re-compute the PX Credit on an hourly basis. steffes-j,"I know that SCE is taking this position. They are simple wrong. Unless and until we get all of our ""positive"" CTC back from the Utility, why should I even begin to consider their ""goofy"" arguments. In addition, SCE is receiving $3.3 B which is a full payment of all Negative CTC. If their issue is to have a Undercollection charge against all customers, that's a different policy matter. The CPUC agreed to the idea of Negative CTC and SCE needs to pay. Also, if we are 5% of load and the Undercollection is $3.3 B, I think that SCE would be looking for $165 MM - our entire claim. They aren't talking about 5% from our view $150 MM claim." steffes-j,"Chris - I did discuss Enron's payment issues with PJM with our team. To make sure that we are on the same page. 1. No additional collateral is required at this time. 2. EPMI owes on 12/20/01 = $1,704,182.63 EESI owes on 12/20/01 = $134,456.58 3. The Annual Fee is also due on 12/20/01 = $5,000 (one fee for all affiliated companies). I will call you tomorrow." steffes-j,"Yes, but I think we may lose that rating. What is the impact if that were to occur? Seems like we should (a) identify our situation given today's environment and (b) identify the impact of one further downgrade." steffes-j,"Guys -- I understand the differences. Becky is going to get on the EPSA call tomorrow and tell them that we are ok with the NOPR (and will file as such) and that EPSA should make sure to not blow up the NOPR (or try). Becky if EPSA wants complete agreement, then they shouldn't file. Grab me if you want to talk." steffes-j,Yes. I had called him to set up a meeting. We talked recently in PA when he told me he was taking the job. I'll arrange lunch (if everyone wants to) soon. But don't delay talking with him. He wants as much help from Enron as possible. steffes-j,haven't checked voice mail at home - in DC. have time to talk right now on phone? steffes-j,"Luiz -- Yes there has been a shift in the thinking - away from the ""natural gas"" model and toward the financial structure. Some of this is related to the political realities of the US market and FERC. Some is that our traders in the East are comfortable with PJM and have been making term markets at PJM West hub. All of this assumes that we should be able to migrate to a more physical model if the industry needs to later. I do think that it would be helpful for you to get together and work up a discussion for all Government Affairs to explain the key differences and what policy discussions we need to focus upon - (i.e., setting up good ""hubs"" and auctioning transmission rights). Also, I think that any thoughts you have on the implications for EES are important. Not sure that either model is really ""great"" for competitive retailers. The difficulty is that our predictions of load and the actual usage will always be different. As long as (1) our analytics have the data to ""price"" basis between hubs and from a hub to a customer and (2) there is no discrimination in allocation of transmission rights then our ability to sell at retail will be competitive." steffes-j,Can we talk about this and a number of other issues tomorrow? I'll try and get Linda Noske to arrange a time. steffes-j,"Don -- Can you please add Becky Cantrell, Melinda Pharms, and Guillermo Canovas to your Nat Gas weekly discussions? Not sure if they will all come, but I'd like someone from Government Affairs at the meeting to try and keep us up-to-date on the issues." steffes-j,The Offsite is more imporant. Please call Lysa Akin to confirm the date. steffes-j,Ashley - We would prefer (given the schedules) to hold a conference call on Wednesday pm with a group of marketers/generators. Seems like the easiest way to discuss with everyone. It would be great to have a paper from NG earlier in the week. Here is our list of recommended people. Probably best to have NG or you call to invite (rather than Enron) to highlight your interest in brokering a deal in the Midwest. Exelon (Jack Crowley) 610 765 6612 Constellation (Harvey Reed) 410 468 3480 Edison Mission Energy (Reem Fahey) 312 583 6033 Reliant (John Orr) 713 207 3490 Duke (Mike Gildea) 713 627 5529 or (Lee Barrett) 713 627 6519 Mirant (Jim Mayhew) 478 579 3421 PG&E (Richard Doying) 301 280-6780 Cinergy (Dennis Flaherty) ????? steffes-j,"Thanks. I want to talk about this on the ""Consultants"" call with Linda Robertson. Should we push this argument or leave the FERC with its infirmities? I believe that we can work away at many of our concerns in the ""should refunds be reqd"" phase." steffes-j,"Sarah -- Two issues that we should work on -- First Energy discusses CBM (not sure of their position) and MAPSA deals with ICAP. My recollection is that ICAP will not be addressed at this time? Seems to me that we should try and propose some resolution or at a minimum a separate proceeding to mediate this issue before 1/1/03? What do you think? On CBM, now is the time for FERC to get rid of this discriminatory practice." steffes-j,"Marcus -- I would recommend that Enron not do anything to modify the Clinton MBR tariff at FERC right now. It may make sense for Sam Behrens to work up a ""clean up"" filing to be ready to go upon any action. Pls give me a call if you want to discuss or would like us to take a different approach." steffes-j,Lynne -- This appears fine. Thanks. steffes-j,Cool. Sending messages in real-time. steffes-j,Becky -- Thanks for the update. I think that maybe you should take 1 hour to walk through the deregulation history of pipelines? Maybe INGAA has some nice history? steffes-j,"Bryan -- a. A good resource for you. b. Also, if anything is intersting, may want to add. Key would be MI, NV, and VA discussions." steffes-j,"To discuss this outline and our issues list, can people attend a 2pm Houston Time call. The meet and confer may be on-going, but maybe either Jeff or Sue can jump off. Linda Noske will be sending out a call-in number." steffes-j,Thanks Marianne. We've been in contact with the PUC but we will need some help next week. Are you in Monday? steffes-j,"I'll ask around floor. Given my background, this position does not sound like the best fit - I'd rather be more on the long-term contracting (origination) side or business development. Thanks for the inquiry. As you know, things are pretty crazy right now here at Enron. I intend to take the week off after Thanksgiving and intend to give you a call during that period. Have a great Thanksgiving." steffes-j,"Thanks for the informative phone call this morning. Having the key issues presented in one place was very helpful. To follow up on the meeting, the following are action items for the group. 1. December 1 Market Readiness Update Meeting Thane Twiggs (wholesale) and Nancy Hetrick (retail) will have at this time an understanding of the billing and settlement issues (or not) with their respective areas. We need to ensure that EES and EPMI are able to get the necessary information to make sure that their bills and settlements are working and that we can bill our retail customers. I will ask Linda Noske to set up this meeting. If anyone hears anything else about the market delay, please let Jean Ryall know immediately. As of right now, it is my impression that we all agree there is no delay scheduled??? 2. Congestion Pass thru to EES' Retail Customers Thane Twiggs, Nancy Hetrick and Jim Steffes will get with EWS and EES counter parties to try and work through the ability of EES passing thru congestion to its customers per the contract language. I will lead the process of consulting with EES legal. 3. Wholesale Issues (Thane Twiggs) a. Define workable TCR Product b. End Balanced Schedule requirement c. Fix Capacity Auction process, including credit matters d. BENA/OOM/AS e. Settlement & Billing 4. Retail Issues a. REP - ISO - Utility Interface (Nancy Hetrick) b. Reliant PTB (Pat Keene) c. TXU PTB (Pat Keene) d. Reliant Negative CTC (Pat Keene) e. TXU Negative CTC (Pat Keene) f. EES / EPMI License (Gloria Ogenyi + Nancy Hetrick) 5. Information Flow All policy statements from anyone within Government Affairs should be first vetted with Jean Ryall to ensure consistency and conformity. Also, all people on the TO: list above should be included on all e-mail traffic. I know this may sometimes slow down response to business people, but I think that we can all agree that no one has all the information in this very fast moving environment and unless we have a central clearinghouse we may send the wrong messages. It is also critical that all commercial people interested in Texas need to hear about the latest. By having Jean Ryall in the center, she will be able to ensure that no one feels ""cut out"". The bi-weekly meeting should be held with Jean Ryall as Host to follow these issues in a timely manner. 6. Wholesale Products Thane Twiggs was going to keep the team apprised of our products and pricing info on a regular basis so we are informed about the market. Finally, it is critical that everyone work together to get the best results possible for Enron in the Texas market. This is our ""home"" base - we need to make sure that our business efforts win big. Thanks for everything ya'll have been doing to achieve this result." steffes-j,I looked at it today on the plane. I don't see any issues although we are in the middle of budget process and will see if this impacts this request. steffes-j,Wade - There may also need to be another $100k for EESI. Jeff is checking. steffes-j,Mike -- I'd shorten the letter to one page by simply referencing the State Commission's letter and issues. Don't we want to also work on pushing a Mediation (or some other solution) right now? Donna -- Pls check with Linda R. about filing. It's important but let's make sure our overall FERC strategy is consistent. steffes-j,"Ban -- Sorry to take so long to reply. Family is fine post NYC attacks. Not sure if we have any needs right now. I'll keep you in mind as the Budget / Staffing moves forward. Take care," steffes-j,Linda -- I'd rather not use the first week in October. I may move my vacation to that week. steffes-j,My initial take is to keep engaged through Perrino. I'll try and make the call this Thursday. steffes-j,"Understand. When you speak of the gas desk, are you talking to Scott Neal and Frank Vickers or Don Black?? We should make sure that both groups recognize our message." steffes-j,"Thanks for keeping Wes and Mary Lynne informed. I give this chance a very low probability right now, but we'll see." steffes-j,Not really. I tried to get to talk to her but never could get an opportunity. steffes-j,Alan Comnes -- Please let me know what we're doing on this? You are the Project Lead. Go get 'em. steffes-j,"Had a call from Tribolet. He agrees (as does Lisa M.) that we need to rationalize our California legal support. Can we outline our key cases? Also, my opinion is to continue to use Mike Day but have YOU as the only ""point of contact"" for approval of work. Let's talk today. We will need to talk with Vicki." steffes-j,"Harry & Christi -- We need to be coordinating on this. You both met with these people at different times. I don't want to be creating work or stepping on each other. I don't think there is any problem, but let's sit down and coordinate." steffes-j,Ray -- Have you looked at the testimony? It appears to be hitting the key points. Is there anything else that we need to be doing to make sure that our case is as strong as possible? Give me a call. steffes-j,Ray -- These are being finalized today for filing tomorrow. I'll send you final. steffes-j,We should inform FERC Enforcement. No formal filings. steffes-j,Here are my thoughts. Use as you see fit. steffes-j,I am beginning to agree with Dave on Governance - that a for-profit TransCo may not be in our best interest. Let's talk about how to change the wording. steffes-j,"Lamar - There is alot of noise in the media to find some customers who will state for the public record that they will be harmed by the retroactive suspension of DA. At one point, you were going to get some customers' names & contact info to pass along to the media. Any luck? Karen Denne with PR is getting quite a few phone calls from California media sources. The strategy has to be to downplay Enron and have the customer pitch ""their pain"" by this action of the CPUC. Give me or Karen a call." steffes-j,Ray -- Wanted to make sure that you had seen the note Sanders sent around? I think that we should discuss today on the 4:30 call. steffes-j,"Sarah & Alan -- I plan on attending. Both of you should feel free. I think that right now we should decline any offer to present unless we can come up with a set of ""Guiding Principles"" (i.e., prospective market rules, etc.)" steffes-j,"Lisa -- I haven't forgotten about trying to find a name. Was on vacation in early October. I will ask around for the right name. Hope Roger and you are doing well. Grace is keeping Marianna and me very busy - she's now 19 months and pretty much runs the whole house. Talk with you soon," steffes-j,Probably want to talk with Jay Lewis and other product leads? I'll get some names. steffes-j,Steve -- Has PR given the go ahead? Anything else from me needed? steffes-j,"Maureen -- Thanks for the information on the switching of the ""held"" customers. We will process through a standard EDI transaction. I am trying to find out who would work up the credit amount. When I find out, I'll e-mail you." steffes-j,Any luck on my password?? steffes-j,"FYI. The EES USA organization has been reorganized to centralize all sales teams under Jeremy Blachman. Scott Gahn's group stays unchanged. Harry, you and I may want to let people in the field know these changes?" steffes-j,FYI. Let's deal with this early tomorrow. steffes-j,"I would probably utilize either EPSA or WPTF to make the filing. This is an attack on the competitive generation industry and better to not have Enron point any fingers at a key ""potential"" customer." steffes-j,Janine - Ok for you to cover the whole country. I had forgotten our discussions. Please discuss NM and AZ with Leslie Lawner. steffes-j,Ray -- FYI. Some information on how we are talking about the claims in the Bankrupcty case. steffes-j,"Angela -- To follow up on our discusion about TX customers (e.g., Home Depot), are there any other customers that you are going to include in the sales effort (not including CA)? I want to make sure that we include these customers in our analysis." steffes-j,Janine -- What's the gas delivery tariff on CGE for generation services? Do they have a standard service? Do they have a good generator interconnect agreement on the power side? steffes-j,"Jaime, Please add James Steffes, user id is jsteffe, to the App_BlackBerry group for BB usage. Thank you for your help, Matthew" steffes-j,"Dan, etal -- Someone from CSC was on the call (Allison Hafner). TXU said the meters were to be read by Dec 13 with final EDI files sent to ERCOT by Dec 14. ERCOT would process a REP of Record change on Dec 13. Looks like everything is ok." steffes-j,"Susan -- Can you please work with ENA Accounting and others to determine the following to provide to EPSA so they can calculate our Dues -- 1. Total megawatts of your company's equity ownership as of June 1, 2001 in competitive generation assets operating and under construction in the United States (including PURPA plants) - (probably good to start with Wes Coldwell). 2. Total megawatthours of market-priced wholesale and retail sales for the 12 months ending March 31, 2001 (probably just get Linda Lawrence to sum up our monthly sales (I would have a separate total for wholesale financials) and use someone from Evan Hughes shop for physical retail sales). Call me to discuss. We need to get this in by August 18." steffes-j,"Thanks for the info. While there may be some differences in presentation, there don't appear to be any basic differences in the analysis. All of the discussions of the legislation need to be aware that the passage is highly uncertain. I agree with the analysis that if you have never been DA and sign up today there is a very large possibility that you will pay a surcharge (assuming the legislation passes). Let me know if there is anything else." steffes-j,Scott -- Any thoughts on this merger??? I would love to know how the financials would look post merger. steffes-j,"John -- Thanks for the update. As long as the FERC is fully in control and the ERO is not a ""self-regulating"" organization, I assume we'd be ok. The ERO must be fully under the control of FERC." steffes-j,"Sounds good. Maybe we can employ the Gov one last time before the end of the year to try and message a ""workable"" solution -- let's just decide what that is (maybe some bare minimums on RTOs)?" steffes-j,Friday 10am is best with me. Pls include Christi Nicolay and Susan Lindberg. steffes-j,This means that the DST proceeding moves forward - right? How about a phone call at 3pm HOUSTON TIME to catch up on all matters? steffes-j,I am trying to pull together a list of the pre-petition and post-petition claims against EES and EEMC (and EPMI where collateral may exist as one entity) as well as any other obligation in the key power and gas markets. I hope to have this tomorrow. steffes-j,I don't know of any EES collateral at PJM. Very small position in PECO territory. steffes-j,"Amr -- Hope things are well. I saw a notice for a meeting on Caribbean Energy Jan 31, 2002 in Miami by CBI. The information is at www.cbiglobalenergy.com. Thought maybe you'd want to go and flash yourself around. Take care," steffes-j,Lamar -- It is critical that every customer in California that switched (signed new or renewal customer) during this year. We need a contact person for each account. The key to securing a better date is to have the customers push the Governor and the Legislature and the CPUC. We are able to provide phone numbers and contacts through our trade groups. steffes-j,"Here are my thoughts -- 1. Agree that offering Transmission Provider waiver given RTO status is premature. 2. Maybe strengthen argument that both unbundled Provider of Last Resort type service and bundled Utility sales service should be included in the affiliate definition. At a minimum, in places like PA, where the Utility sales service is a direct competitor, there should be no difference with any competitive player. In a state like GA, where the Utility sales service is a ""monopoly"" by statue (i.e., bundled retail), I still think given the ability to cogenerate, it makes sense to have these providers take transmission service similar to our service at wholesale. Maybe make this argument earlier and as the core focus. I fully agree to include these providers in the definition. 3. Leslie, call Christi N. to discuss examples of how Native Load Exemption has caused problems (we've put in earlier filings). 4. The question of ""Holding Company, etc."" -- We should argue for an exemption. 5. I am also troubled by the ""administer"" term. FERC should prohibit any ""helping"" by the Transmission Provider of anyone in the marketplace. Maybe focus FERC on clarifying its positions. 6. Emergency sections -- Keep the language you have that never applied to natural gas industry (and could be a real problem given a CAISO type situation - ask Alan Comnes for thoughts). Probably don't object but want to make sure that if Emergency develops there must a pre-set timeframe for going back to normal business. 7. Everything filed at the FERC related to Standards of Conduct should be posted on the OASIS. I didn't understand the final bullet point comments. Is this policy or a statement of something to come?" steffes-j,"Luiz - Please get internal comments from Thane Twiggs, Sue Mara, Steve Walton, Dan Staines, and Dave Perrino before letting Doug go public with this document. I want to make sure that we are correct in some of our analysis (for example, I think that you may have misinterpreted the FERC in the California discussion)." steffes-j,My understanding is that Jim Wood is making the recommendation on Etown. Correct? steffes-j,Did you attend? Did we file comments? steffes-j,I don't have her number but call San DIego and ask for Sempra. -------------------------- Jim Steffes steffes-j,"I am not sure if we have a claim to ""PX Credits"". Our claim is to the negative residual of Bundled less the PX Credit = Negative CTC." steffes-j,Lisa - Something to think about. Do we want to try and expand the issues to resolve the Settlement? steffes-j,"Thanks. The key, of course, is to create a filing that could not be used against us at FERC on these issues. I guess that amending the filing is better than withdrawing the filing and re-submitting. My only thought would be that by withdrawing, PGE provides no trail." steffes-j,"Thane -- You are probably already aware but if not, Enron holds an interest in Project Cornhusker (a QF in Cleburne). There are some issues that may develop with the plant related to its ability or inability to meet specific ERCOT guidelines. Generation Investments is managing this asset and relations with Brazos Co-op. Their primary concern is that Mirant is Brazos Co-op's QSE and may be interested in playing games with the plant through modification of ERCOT rules. Please coordinate with Jean and decide who will call either Rick Hill or Chuck Ward." steffes-j,I think that California needs to make a final decision on whether it wants competitive markets or not. I wonder if PURPA has anything to say about meeting incremental Utility needs and what that does to the CDWR contracts? I don't see Enron getting engaged in this quagmire unless there is a clear business reason. steffes-j,Steve -- Christi left you off this list. Please include your thoughts on this worksheet as well for Eastern gas. steffes-j,Sarah -- We have the last draft. I was talking with Rick yesterday and I don't think that we want to publish it or use it publicly. It did it's primary job of validating that a non-gas model structure would not be harmful to Enron's interests. Give me a call. steffes-j,"EES does not sell power except potential if it overschedules to their retail load and ""sells"" balancing energy to IP. I'm not even sure if we are delivering any energy to any customers in the market. I'll send to Rogers Herndon." steffes-j,Ok. Thanks. I hope that Lora can send a copy. steffes-j,No known timeline yet. I'm still discussing internally. steffes-j,"Let me know how this turns out. If you need a contact, let me know. Also, everyone should be aware about an aggregation project under Phyllis Anzalone. EES legal has found a loophole to the time restrictions on electricity contracts and the appropriations risk that we need to check out." steffes-j,"Vicki -- I have heard recently that EES is signing up customers in Texas that ""passes thru"" congestion. There may be some billing and settlement issues given ERCOT's systems. Basically, we will not know based on our bill from ERCOT what each customer's congestion was. I want to make sure that EES billing can determine how to charge this? Who should I talk with?" steffes-j,I'm back in Thursday am. Let's beat the heck out of Dynegy on this case. steffes-j,Did all of the amendments pass the Appropriations Comm? When will a new bill get printed? steffes-j,Harry -- I think that we need to talk with EWS Tariff risk to make sure that we are on the same page. I am concerned that some of Gloria's statements may not end up happening with the final tariffs. Please advise. steffes-j,Rick -- FYI. Becky heard Michelle Foss talk the other day. Was very aligned with our perspective. Maybe someone for FERC? steffes-j,"Steve -- Thanks. Looks good. Some thoughts for you to consider: 1. Not sure that Impact #1 makes sense to present. No real reason to set CTC = 0 c/kwh on Jan 5 (CalPX was still in operation). I think that Impact #2 better captures the idea. Also, probably not good to use the term ""CTC Eliminated"". Maybe should say ""CTC = 0 c/kwh"". Given the CPUC's March 27 Order, the Utilities have a claim for additional generation related stranded costs until March 31, 2002. 2. In calculating Impact #2, what did you use as the Jan 19 - Aug baseline? Did you calculate the hit of ($104.5) from actual bills or based on our DJ Index model (there is a fundamental difference in likelihood based on the baseline)? Also, I assume that the Feb - Aug timeframe was relatively low because EES and EEMC had most of their load on bundled service. 3. Probably should discuss in a footnote the different models for PX Credit calculation and most specifically the PG&E Adjustment. Also, may be interesting to have the $ impact of the PG&E Adjustment (the rate adjustment to re-capture their previous mistake). I think that this is something we need to go into the CPUC to fight pretty quickly. 4. Should Impact #4 and Impact #5 apply to SCE's loads? In column 4 it looks like it does. SCE is not currently hitting our bills with this surcharge. 5. Probably better to model Impact #5 as of Oct 1 not Sept 1. 6. Can you break out the volumes for ""vintage"" contracts versus ""retail gen with passthru"" contracts? You haven't shown anything for (a) Utility Undercollection costs or (b) CDWR bond fees. These costs may hit our vintage contracts." steffes-j,It sounds better on FM - you can pick up the wonderful vocals. Didn't hear too much from Rush on the drive - he was probably in a bunker worried that the Taliban was after him. steffes-j,Do we need to have a meeting to work through this? What outside counsel is supporting the sale right now? steffes-j,I spoke with Ashley yesterday. Awaiting NG's filing. No plans right now. Will keep you in the loop. steffes-j,Thanks for asking. This is a very strange place. Our core trading is doing very well. It appears that management decided to put some huge bets at the Corporate level without any risk management. I'm doing very well. Marianna is expecting our 2nd child next May. Grace continues to grow and become a little person. Hope you and your family is doing well. steffes-j,I put it together from notes on the PG&E web site. I may ask Roger to review. steffes-j,thanks for update. pls keep sending info. steffes-j,"Bob -- Before we do anything on this issue, I would suggest that we need to have developed a strategy on a number of issues (primarily the proper reformation of the PX Credit calculation after Jan 18 and the application of the 1c/kwh surcharge). On this issue, assuming that we haven't discuss the failure of SCE to apply our account's past credit with the CPUC (given that the bills were just received), I can't imagine that a federal court would look to favorably upon a legal action. In addition, we have not identified where the ""credits"" are if they are not on the customer's accounts. My recommendation is to first (a) work with SCE - have Jeff Dasovich run the traps and (b) discuss the issue with CPUC Division of Energy and see if there is a solution without Complaint. If this doesn't get us anywhere before August 19, then it seems that to protect our interest we would need to file a complaint with the CPUC. I am not opposed to LeBouef looking into federal action, but that seems a bit dramatic without first trying to exhaust our adminstrative remedies. Please call me. Jim P.S. There is a meeting on the 1c/kwh surcharge with Janet Dietrich today at 1:30 in her office. I think you should attend." steffes-j,Nice to meet your brother. Do you have a map of the 25th? steffes-j,Sorry that I didn't get to you sooner. The head of the group is Tim Battaglia who is the best person to work with. steffes-j,I don't understand why you were denied access. Did we improperly file? Call me. steffes-j,ok. I'm booked all week but next week I can do it. steffes-j,Thanks for the accounting treatment. Probably better to have one payment this year and one payment on Jan2 (charged back to 2001). steffes-j,Jim -- How about breakfast on Wednesday this week? I'm coming in tomorrow night and could do breakfast on Wed. steffes-j,Tom -- Can put some analysis into this market opportunity and relay the results to the Enron Direct team? Current Shopping Credit versus 2002 Shopping Credit versus market. Maybe we should be highlighting the opportunity to pick up some quick market share where the saving opporunities are relatively large and have Enron Direct enter now to lock in the deals? Jennifer Thome may be able to help you with this project (although she may have some other projects). steffes-j,Yes. Thanks. steffes-j,"Attached is a summary of PG&E's notes on how they calculate the PX Credit (until January 19, 2001 when they hardwired $150/mwh). We continue to try and get a handle on how the FERC Refund case will impact the PX Credit and Negative CTC. If anyone has any issues or comments, please let me know. Thanks." steffes-j,Pls keep sending these. I just didn' t know the case. steffes-j,Gloria -- I wanted to make sure that our License in TX allows us to use e-signatures? EES is opening a pilot. steffes-j,How about 1pm Friday afternoon? You on a plane. steffes-j,"Good news. Also, Rich Drom called from PJM wanting to know if someone from Enron was attending the Members Mtg this Thursday (no) and if what did we want to do with the confidentiality of our credit (I think that we should agree - not PJM's to distribute). Your thoughts - I'll call Drom back tomorrow." steffes-j,Shirleen -- Can you please send me the most recent version? Thanks. steffes-j,Sounds good to me. I'm out on Wednesday but in the rest of the week. steffes-j,CONFIDENTIAL -- DO NOT DISTRIBUTE OUTSIDE THE COMPANY. Attached is a spreadsheet of how prices may change with the FERC Refund case. This is still subject to change. Hope this helps with the Negative CTC calculation and negotiations. steffes-j,"I don't understand what is happening - on the earlier list, Susan and Charles weren't on it. If you want to discuss this, please call me today." steffes-j,We need to ensure that the EDI rules are final and allow Enron to switch billing options early next year (see #2 below). Let me know if there are any issues. steffes-j,A couple of thoughts -- 1. Ashley Brown and Rick have a great relationship. Don't hesitate to use Rick to find out some details if you need him. 2. Are we supporting this? I don't understand why we would agree to make NG the MM with this process / paper? Thanks. steffes-j,Leaving for airport - can we talk in am??? steffes-j,Guys -- Don't know if we need to do our own study. Probably want to get with this prof to discuss. I agree with his analysis that the electricity markets needs a bunch of sellers - means we should push for distributed generation. steffes-j,"Yes this gets at my issues. I want to build your matrix and Rebecca's together. No where do we deal with reporting yet? Also, we need to have some systematic approach to updates and naming ""point people""." steffes-j,"Bob -- Any concerns with this language? Not sure if we are even going to file, but want to be ready. Sue -- While this draft talks about July 1 retroactive date, I'd guess this would be filed if the CPUC does anything before the Ordering date?" steffes-j,"The latest information we have -- President Lynch of the CPUC said today that the vote on suspending DA would be taken tomorrow. Proposed Decision remains at suspending as of July 1. There is still a possibility that the CPUC will hold this vote. In addition, there continues to be a legislative fix that could override this decision. Please call with any questions." steffes-j,No. We worked with Paul in the Indianapolis office. steffes-j,Good news or bad news? My quick read is that FERC looks like it is trying to end the obligation but is waiting for an industry solution. What is New Power saying? steffes-j,Sarah -- Should we try and lobby any of these witnesses prior to next week? I was thinking about John Meyer and Peter Cramton specifically. steffes-j,Melinda -- Let's talk soon. I want to make sure that you understand all of the implications of this decision. steffes-j,Chip -- Did you get the chance to look at the combined company? Just interested. steffes-j,"Thanks for the feedback. Your model now assumes a modification to the Distribution tariff to include a new rate element. That may get around the Settlement (although OCA in PA will think that now D is going up and there is no offset in the G rate so consumers are getting screwed because they won't switch). Also, can the PaPUC implement this charge and direct the EDCs to transfer the funds to third-party generators? Seems like that would require legislative changes. I like the idea that there should be fixed charge for ICAP - one way to get that number would be to go back to the EDC stranded cost cases and look at their filed testimony - remember if they are earning more from the market than that $ amount, they are overearning on their stranded costs." steffes-j,FYI. Call Jeff if you have more questions. steffes-j,Sue and Jeff -- I am having a meeting with Vicki and Janet Dietrich on Thursday to discuss our view on the ability to extend our current contracts in CA (for customers already on DA). Can we discuss this today or soon thereafter. My take is that the UDCs will be indifferent to this (maybe?) and our #1 priority is to work to get the PG&E model adopted across the state. Any news on how SCE and SDG&E will move forward? Thanks. steffes-j,"Christi -- Fine work. Looks like we are moving forward in the SE. A couple of discussion points. I am still not so much in love the LMP as this paper makes it seem you are (I don't believe there is a perfect solution). Also, the document is not consistent relating to Control Area consolidation. For instance, the issue around CA or RTO with tagging makes no sense if there is only one CA - the RTO. This is important to highlight to the ALJ. The easiest way to solve the problem is to do away with the archaic systems of the old world. Also, I still don't fully understand why we are happy that the SAC gets to pick the IMA. I personally despise the concept of a SAC - never has worked when times get tough. Also, no real discussion (or maybe I missed) of timing to implement - next phase? Anyway, great work in the mediation. Keep pushing these guys from the South." steffes-j,Thanks. We're happy but Marianna is extremely sick - all day. Enron could see $10 easily. It's very bad!!!!! steffes-j,Yes. He is now a big-time headhunter. I hope you had a great Thanskgiving. Things are crazy here. steffes-j,Jeff -- Federico is coming to the states to understand how our policymakers deal with the issue of default service. He is the manager of the Italian default service provider. Can you please make a presentation next Thursday or Friday about the UI deal? steffes-j,"Janine -- I want to make sure that our comments allow both a retail option and a wholesale option. Let's also focus the PUCO on the fact that bidding leading to negotiations is the best solution, allows for creativity." steffes-j,Sounds good. Should we put out a note through Ginger that indicates the changes??? steffes-j,"Dave -- With EES' push into serving smaller customers, the issues in this situation -- potential affiliate abuse and unfair sharing of information -- will become more important. When EES focused on national outsourcing, this was less an issue because our products crossed many jurisdictions. This issue, of course, is especially important in recently opened or opening markets as the affiliates try and secure large market share. We are also watching for these activities in places like MI, VA, and OH." steffes-j,Susan -- Please put in an RCR to discuss ASAP (probably next week). I think that the key issue involves the inclusion of financial transactions. Need a solid message from industry that this is inappropriate - which EPSA members are filing this info? steffes-j,"Please do not contact these customers. FYI, Enron signed the following customers after July 1 (we are checking on Wal-Mart). I would like Bev and Hedy to rank these parties with their ability to help in Sacramento with our messaging. Once you have this, let's talk this afternoon to plan going forward. As you can see from the e-mail, we are going to have to work through our business people." steffes-j,Not sure yet. We will be talking with AReM and will want your input. We may have to file but not sure. steffes-j,Wanda -- Can you break out for me the ISO and PX money due? I need to make sure that our Settlement is consistent with our FERC Refund issues? steffes-j,"Mike -- Ashley Brown called to discuss a meeting with the Stakeholders in Columbus, OH on either Dec 4 or Dec 5. He would like our participation. Also, he would like us to let our friends in the industry know about this upcoming meeting." steffes-j,I will review the list. But I need someone from gas team and someone from power team to help. Let's talk at 9am meeting tomorrow. steffes-j,"When: Tuesday, August 21, 2001 4:00 PM-4:30 PM (GMT-06:00) Central Time (US & Canada). Where: eb47 *~*~*~*~*~*~*~*~*~* PLEASE ATTEND IF POSSIBLE." steffes-j,Why does Edison care about DWR stranded costs? Are these the costs of the bonds or the above market long-term contracts? steffes-j,Randy -- Dinner is at 7:45 pm at Cashion's Eat Place - 1819 Columbia. Keith is coming. Call me on my cell phone at 713-851-2499 with any problems. Hope to see you there. steffes-j,Good info. I like the Reg Orig plays. Amr should track our success. steffes-j,John -- I'm heading up tomorrow. Do we need a call today to make sure that my ducks are still in a row? I don't have the Barton draft handy. steffes-j,"Christi -- Can you please send any and all summaries of the RTO Orders mandating Mediation for NE and SE to Vicki Sharp? Also, please include any other information that is helpful to understanding these issues." steffes-j,Becky -- FYI. Does EGM have any past advocacy on NURF? steffes-j,Nothing. I'll give him a call. steffes-j,"There are some Commodity meetings. One with Jim Wood and one with Greg Sharp. Harry, can you please call and get on these meeting schedules? Also, Guillermo Canovas and Melinda Pharms are going to the EES gas meeting weekly." steffes-j,Tom -- There does appear to be some intelligence gathering going on at the CPUC. You should speak with legal about the inquiry. Clearly the CPUC has a right to ask anything they want - it is my understanding is that our customers have a confidentiality clause in their contract that prohibits them from responding. steffes-j,Pls come by at 11am. Thx. steffes-j,"FYI. EPSA looks interested in undertaking a cost-benefit analysis. As soon as I hear more, I'll give everyone the info." steffes-j,"Richard, etal -- Attached is the complaint that EES intends to file tomorrow against SCE related to the recoupment of our Negative CTC. As you aware, after returning our customers to DA recently, our billing department was expecting that the past Negative CTCs would be returned to our customer's accounts - this has not happened nor after conversations with SCE will it occur. This complaint is the next step in the process of attempting to recoup these funds. Primarily EES does not want to pay for Utility charges for our customers while an outstanding Negative CTC balance is due. One key risk with filing this Complaint is that SCE may consolidate this case with the earlier Complaint that is currently on hold. Probably not too big of a downside. We will be paying the bills into the CPUC for holding until the resolution of the Complaint. Any questions or issues please let me know." steffes-j,"Susan -- Can you confirm with the desk? My recollection is that the combination would make sense? Also, not sure how this ""works"" with the testimony we've filed to support natural markets? Maybe Christi can piece that all together or call TCA and get their read." steffes-j,"A few thoughts before the NG meeting -- 1. Maybe we should (as a team) call Transelect (Paul Buckman) before our NG meeting. You may remember that Transelect sent an initial letter into Skilling to try and solicit our support for stopping the NG application to be managing member of the ARTO. I think that it would be good to call Buckman and ask if he has a better idea than NG. We are right now stuck between two very bad answers - let AEP and FE construct a managing member or have NG. Maybe Transelect has a better solution. 2. Chief Issues with NG -- a. are they ""really"" independent? having a short position in NY and owning generation in NE effectively makes NG into a ""market participant"" - I think that Enron should make as a hold firm position that to operate an RTO there can be no agreement with anything less than almost perfect independence. b. who do they feel the customer is? maybe we want to get Paul Dawson's take on their business model from the UK. it is critical that the new RTO operators across the country view traders/marketers and generators as their key customers. what form of regulation for cost recovery of their operating expenses do they want - pass thru, PBR, etc.? c. who writes the tariff? I would make a strong argument that the problem with most of the RTO work to date has been that FERC has allowed the current incumbents to first write a bad tariff and then assign the provision of service under that tariff to someone who has very little (if any) control over future changes. the RTO operator must be free to make changes to the tariff with only two constraints - (1) must not restrict the ability to pay facility revenue reqts and (2) must not damage the assets. d. do they intend to build/own transmission and how does this impact the energy markets? will their planning and construction processes impact any long term positions that EPMI may take in the energy market. how do they manage to allow other merchant transmission into the business? e. how do they intend to provide balancing energy? the flip side of our fight on congestion management involves the pricing of energy imbalances. what is NG intending to do on this issue? does NG believe that multiple control areas makes sense for a single RTO? does NG support unbalanced/uncovered schedules day-ahead? Also, just to let people know, Kerry Stroup will also be working on the Midwest RTO efforts going forward. Please keep him included on the e-mails." steffes-j,"Vicki -- Along with everything else, this bill continues to be discussed. We don't think this is a high probability, but wanted you to be aware (and more importantly, this is California). I'll keep you up to date." steffes-j,I can make it. Now on my calendar. steffes-j,I think this makes alot of sense. Who would cover PA and NJ at retail - you? steffes-j,Are we still friends?? steffes-j,Looks good. Is there a timeline on when FERC may act (or at least when the Audit) will be final? Is this information confidential? Should we be working the trade press? steffes-j,"FYI. Not sure if we can afford this, but if you think it's helpful let's talk." steffes-j,What do you think?? steffes-j,"Wanted you to see that Doug regarded you highly (my highlights below). Also, sorry I wasn't very nice on Friday - another very bad day. I'm sorry." steffes-j,I will be attending. I'll cover. Jim -----Original steffes-j,Steve & Rick -- FYI. PG&E Bankruptcy counsel has provided the below stipulation that holds any further action on this issue for 48 hours. It appears that PG&E doesn't want to be anywhere near the CPUC. Provide more details as they go through. steffes-j,"Do we need to have a phone call with you, Harry K., Charles Y., Sarah N., Christi N., John Shelk, Gloria O., Vinio Flores to make sure that Enron is on the same page? I don't think that we will see much support from the business people, although maybe you and I can sit down with Evan Hughes to get his buy-in. Let me know." steffes-j,"Luiz - I would like to schedule a phone call with Nick and the PUCT staff to understand the implication of this... Maybe he isn't asking for too much, but let's get some clarity before we say anything at FERC. Can you please set something up with you, Christi, Jean and me for Friday pm and then we'll go outside next week??" steffes-j,Mike -- You should contact Lisa M. about the SCE meeting arrangements. I will be there in spirit only. steffes-j,I like it. Our argument should be that the MISO is not an Indiana public utility. I'd put it in the dialogue just to keep from having the process work out poorly. steffes-j,"I'd let Alan make the call. As long as we understand the issues well, maybe no reason to take commercial to the mtg." steffes-j,Bob -- Sorry this is just getting to you. Pls work with Fergus to come up with an answer. steffes-j,"Great news. Are there any other MD Commissioners that Ms. McDonald thinks we should visit with? On the idea of NYISO vs. PJM, I was reading in Restructuring Today yesterday about some elements that NY thought was better than PJM. I think that we need to ""find"" three things to give to the NYISO in the development of a single market...allocation of FTRs comes to mind. I agree that PJM and its staff are the key elements, but maybe getting over this rhetoric will be made easier if we concede that NYISO does something well?? Should we do another round of New England meetings to push our support - with McGreevey winning in NJ, will the NJBPU change its focus?" steffes-j,"Harry & Nancy -- I am somewhat concerned that the implications of having to act as tax collector is creating a push to change the way REPs work with the T&D company. In Enron's advocacy throughout my years, we have always asked the PUCs to make the marketer the ""customer of record"" - better limits the Utility control over the market. Now it appears that this good decision of the PUCT has tax implications and means that we have to process the taxes. I don't see that trying to support a change is a good thing from our long-run business. Moreover, if we are paying Gross Receipts taxes and didn't include them into our customer costs than we made a mistake. This is a cost of our business. Let's talk." steffes-j,Lamar -- I have received the list of the clients from John McMullen. The key push is Legislative and AReM PR is not involved. We need the customers to call the Gov and key Legislators. steffes-j,I think that Enron is interested supporting your idea. Let's weigh in with appropriate language that counters the below language - I think that the state-level parties (and the IURC) have an interest in the MISO acknowledging that it is an Indiana utility with SOME degree of accountability re (at least) bundled retail load to the Indiana Commission and the Indiana parties. Please work with Sarah N. to create a reasonable response and our key arguments. steffes-j,Here is the Proposed Decision. Appreciate any thoughts you have on how to fight or when. steffes-j,Doug -- The PUCT called out of the blue and indicate that they would like to talk with you about this information. Have they communicated with you about this? steffes-j,No need to prepare anything. They'll do most of the talking. steffes-j,"I will let Ashley Brown know. Do you have phone numbers for these guys? Also, NG is willing to do a conference call late Wednesday or meeting on Thursday. What do you think?" steffes-j,Christi -- I want to call Susan tomorrow and let her know about the mess up on her. But I want her to understand the issues involved. Let's talk as soon as possible. steffes-j,Rick -- Here is the information on staffing and outside services. Call if you need anything else. steffes-j,Thanks for the material. I am discussing internally. Will keep confidential. steffes-j,Yes. Thank you. Jim steffes-j,Paul -- How is everything going? Wanted to make sure that I hadn't been unresponsive to the project. Anything critical that you need from me? Please let me know. steffes-j,Thanks. We will discuss in context of State review. steffes-j,Thanks. Probably also want to talk with Brad Nebergald. steffes-j,I'd say 6 pm at Daily Review or Marks. What does everyone think? steffes-j,yes. just info. may help to have Sue Landwehr on call to hear your thoughts. steffes-j,Steve -- What's up?? steffes-j,Don -- Sempra called today and said we had been nominating but not delivering any gas since Saturday. Customers are on penalty gas. What is the story? Should we just put these customers back to the Utility and let them find another marketer? steffes-j,"Jamie -- Thank you for keeping me in the loop on your activities. While I am always supportive of more public statements pushing competition, neither I nor Enron can sign on to the letter. First, I am concerned that having Enron sign on will distract from your messages. Enron is a ""hot button"" in DC and will change the proper focus. In addition, I would argue that the recommendation for a national commission is out of place with the current timing of FERC and Congressional action -- which is imminent -- while a commission would delay action on the Hill and at FERC, thus supporting the forces against competition. Let's not study this too much - we know what to do. Move away from the commission. Also, I'm not sure how providing federal grant money only to states that promote competition supports our efforts. Making GA pay for PA is a distraction from the main fights at FERC and on the Hill. Finally, I would guess that more funds to FERC and other agencies will only be used to increase enforcement against those in the industry. While Enron wants markets that work well, the core problem is that we haven't deregulated enough - not that markets aren't working. Also, I don't know where the recommendation numbers from the Bush/Cheney plan came from -- I think it was an earlier document -- there are no such numbers in the final printed version of the report that I have. If you want to talk, please let me know." steffes-j,Nancy -- Go get 'em!!! You'll do great. Just be factual and explain how you've worked on these issues in multiple states. steffes-j,"Thanks. If the May 2002 date starts to slip, pls let me know." steffes-j,FYI. Do we need to communicate this to the trading / logistics groups? steffes-j,"Becky-- I spoke with Don Black. Please work with Donna Greif to get this done. She is responsible according to Don. Also, if possible so we don't have to rush our IT and pay extra money, what about asking FERC to give us a 15 day delay for filing. Probably just file to do it and ask for forgiveness." steffes-j,Sarah -- Pls coordinate with Kerry Stroup. He is the Mike Roan of the Upper Midwest. steffes-j,Scott -- Good to hear you were ok. Let us know if you need anything. I'm stuck in DC right now and trying to get home. steffes-j,"Charles -- After our conversation today, I thought that I'd outline some Q&A topics for you to consider -- 1. How does NERC define ""security""? (important to differentiate between national security and system security). 2. What is NERC's role in national security? 3. Will RTOs degrade national security? system security? 4. What does Enron think about calls to restrict access to network information such as transmission maps? 5. Does Enron oppose additional emphasis on securing electricity infrastructure? This Q&A should not be released to the public. I think this is just to make sure that all of Govt Affairs is on the same page and our DC team has good answers to hard questions. Thanks." steffes-j,"Rick -- Andy is looking for about $1500 for tuition reimbursement. I would, if we can afford it, pay this. I indicated that going forward we could not make any committments but finishing his college would be helpful. Thoughts?" steffes-j,Can we get together this afternoon to discuss calling NEPOOL? How about 3pm? steffes-j,Michael - I've asked the outside consultants to give us a % change for the impact of the refund case. Try to give these to you asap. Ray Alvarez will you please follow up with CRA and Jan Acton? steffes-j,Thanks for the invite but I'll think the DC team should brief Greg on the beltway politics and energy policy. I'll join you guys at the Supreme Court invitation window. steffes-j,Buxton is not a true consumer advocate - I thought that he was the guy who put MECC's together. We have a relationship with him. Why not work our magic. steffes-j,"Please put on my calendar. Also, how do I find out how much vacation I have?" steffes-j,Chip -- The e-mail I referenced in my voice mail. Please call if you have any information. steffes-j,Thanks. Does Howard understand your deal and the going-forward issues (if any) that he needs to be aware of? I want to make sure that he knows what is important and unimportant to this (and other load curtailment). steffes-j,"I've asked Sue Mara to try and develop through AReM some form of legal action that the industry could file if the CPUC goes through with its current plans to retroactively suspend DA as of July 1. Our goal should be to file tomorrow evening (assuming CPUC action). To make sure that we are on board, it probably makes sense to have a phone call to discuss the draft sometime tomorrow early afternoon (1pm PST?). I will leave it to Sue Mara to arrange with the people on this e-mail a conference call to discuss the draft. My choice would be to not have Enron file the paper, but rather work through AReM." steffes-j,Your call. I'll support you on whatever you decide. steffes-j,Ask Linda Noske to schedule some time for us to go over. I think it's great. steffes-j,Call Thane Twiggs. I'd also be interested in seeing this through - there was a little confusion about Enron's position earlier but we are now ok. steffes-j,"Before we take this on, let's talk about how it fits into our priorities. What will be happening that we must cover?" steffes-j,This gets at some of the buckets of $$ that may or may not be charged to DA. We continue to try and pull together the facts surrounding the potential surcharges to ensure that the book is properly marked. steffes-j,"Charles + Steve + Ray + Dave + Andy -- There have been a number of e-mails related to my initial request for a transition plan for Dick Ingersoll. By this e-mail, I am asking that Charles Yeung take the lead on ensuring a smooth transition and that all meetings are appropriately covered. Please coordinate as a team to work out the details. Charles please also consider that Jose" steffes-j,I've sent out some feelers on a good book. I'll look around my desk etc. steffes-j,Who at Reliant said this??? I'd let them go forward and we'll do our own. steffes-j,Aleck -- Will try and find. Not sure if the material is responsive. Read the article (sending to others on TO list). Maybe Ursula Brenner can help you pull a response together? steffes-j,"Bob & Ray -- Can each of you please put together a short outline of the (a) timeline, (b) key decision points, and (c) potential outcomes of the decision points for the different refund cases? If possible, having this before today's call would be helpful (but I realize that this may be difficult)." steffes-j,Did we get the right people to sign-up to speak? Let me know. steffes-j,"Rick -- Please find attached the asset report in Texas. Enron's ownership depends on what day the filing is made (for instance, Indian Mesa won't be active until Dec and may be sold immediately). Also, there is an on-going arbitration with Cornhusker about our ownership right. Andy Edison has the lead from EWS legal." steffes-j,FYI. Will you attend the meeting at FERC? steffes-j,"John, etal -- Not sure if there is any real ""issue"" we can push. Maybe something on the P/L side (see Joe Hartsoe). Clearly this idea that RTOs will be anti-security is mistaken - it just implies that there should be redundancy of systems." steffes-j,Harry -- EES filed yesterday. My thought is to focus on keeping our licenses so that we can return customers in an orderly fashion. steffes-j,"Sarah -- You're call on working with EPSA. Get everything you can. I don't understand how ""new services"" is moving fast enough." steffes-j,"I don't know Aldie Warnock. Thanks for the idea, but I'm going to try and get out of the regulatory world. Might as well try my hand making $. I know John Orr and John Meyer. Not sure about going back to the traveling of RTO world. Let me think on it. Let's still do lunch sometime next week. Thanks." steffes-j,Thanks. Appreciate the quick response. steffes-j,"Thanks. Once done, let's have a phone call with the wholesale electricity team to discuss before sending to Ashley." steffes-j,"Angela - The value proposition for a customer is related to which buckets of cost would be bypassed by switching to DA. If a customer goes DA after August 24, 2001 (based on the discussion about surcharges in the legislation that has only passed the Assembly Energy Committee last night - with still a very low probability of success of being signed by the Governor), the customer would pay for SCE undercollection (PG&E isn't being discussed on this piece), DWR bond costs, and DWR net unavoidable. The hardest piece to calculate - which Belden said on the last call he simply couldn't given the tremendous uncertainty - is the DWR net unavoidable. If the customer has been DA since July 1, the customer could avoid the DWR net unavoidable (but the legislation could change or not pass and the CPUC could do something else). Each customer needs to appreciate this latest information and make a determination about what these amounts will be - the key question I'd ask a customer is that they need to try and keep their options open. Of course, all of this assumes that the CPUC doesn't go back and suspend DA even earlier than July 1 or something else crazy happens - remember this is California." steffes-j,"Alan & Paul -- See John Shelk's e-mail below. Alan, you may want to coordinate." steffes-j,Thanks. It was a nice dinner. steffes-j,not sure. it was stated rather quickly in passing. steffes-j,Susan -- Please discuss with Ben (you may want to call Barbara & Christi to see if anyone else has discussed already) and relay importance of this to his future plans to me? Key question is whether or not we need to be engaging directly with local governments. steffes-j,"Rick -- Belden is in Houston next Wednesday and a number of the Western team is going to visit with him about current status and issues. Also, he wants to get more info on the PJM model. Congress has re-scheduled the hearing on Reliability for the same time. Can you attend the Belden meeting in Houston (Presto is coming for the PJM model discussion)?" steffes-j,"Let me know about how you intend to move forward. Probably the same team as the CA reporting. Also, what did AGA do with its Storage Figure Report? I heard that they cancelled the publication." steffes-j,"Sue, Mike, & Jeanne -- Attached is the letter from PG&E regarding our payment ""issues"". Discussions this morning have this gameplan - 1. file at CPUC and Bankruptcy the appropriate paper & $ to hold our issues. We need to have a call at 12 Houston time to discuss and ensure that the filings are consistent. If anyone has any problems, please let me know." steffes-j,"Can you get a call in number for 3pm? I want to give to Kerry Stroup and Donna Fulton to discuss AEP NEXT STEPS. Also in the meeting should be Sarah Novosel, Christi Nicolay, Mike Roan." steffes-j,"Paul -- Can we have a phone call with our Reg team on Friday to make sure that everything is a-ok? I want one final run through. If yes, please let me know by phone and I'll ask Linda Noske to set up the call. Also, I owe you a call on Sue / Jeff. Are you in Thurs?" steffes-j,"Janine -- Good job. On the hourly market price index, until we have LMP dispatch, the best we can do is a public index. Let's not ask for too much. Just something we can hedge against. Can you talk with the EWS folks for the best index option??? Also, if the default is a monthly public index, why do the customer's need any ""parking""? They can move directly to the new option. What is your definition of ""functioning wholesale market""? Are we stating that unless an RTO is running, we can't get rid of the PPO? Maybe just resolve the Imbalance issue. More specifics would be helpful." steffes-j,"Sounds reasonable. Would the same be true about the DST case? If we lose, without the PPO what do we have?" steffes-j,FYI. Steve you may want to be on this call. steffes-j,"I only have one question - the NYISO may be replaced by a NERTO as soon as this year in December. What is the timeframe of the contract? Also, the NYISO rules may change - what happens to our deal? Do we have rights to restructure? What happens if ICAP or UCAP goes away as an obligation?" steffes-j,"Per our discussions yesterday, the following should hopefully be completed before the 2:30 (CST) conference call on Recoupment and the 4:00 (CST) conference call on PX Credit & 1c/kwh Surcharge. 1. Bob Williams - Synopsis of 1c/kwh Surcharge 2. Sue Mara - Background on CPUC Activity on 1c/kwh Surcharge (to be included in Bob Williams' write-up) 3. Dian Huddleson - Plan for Requesting Net Bill Reinstatement 4. URM - Analysis of PX Credit Methodology 5. Mary Lynne Ruffer - Analysis of Net Bill Amounts 6. Jim Steffes - CPUC Legal Analysis The goal for today is to have all necessary data to develop our recommendations for how to proceed in these matters so that we can meet with the business heads tomorrow. Call In Information - 2:30 Recoupment 1-800-998-2462 # 5462908 4:00 PX Credit & 1c/kwh Surcharge To Be Provided By Linda" steffes-j,Can we move it to 3pm?? steffes-j,FYI. Who are they hiring as lobbyists? steffes-j,"Becky -- My only question is one of emphasis. Are points 3&4 the key for Barry T.? If so, should we move them up higher? Also, why the very lenghthy discussion of pooling points? The length makes the points after that discussion hard to appreciate. Maybe a list of bullet points up front?" steffes-j,Please do. We could discuss on the regular NERC call at 2:30 Tuesdays. steffes-j,I heard today that Brad Nebergald will take over the ILL market under Greg Adams. I'll try and track down all the facts. steffes-j,"Lisa - While Wanda and I with the FERC team agreed on a process of moving forward, I want to make sure that the documents properly deal with how the FERC haircut will be handled. When will you have a new version to read?" steffes-j,"Linda -- Let's talk about all expense report matters tomorrow. Also, please send out reminders to everyone that I want to deal with this only on Friday and not to go too long without a report." steffes-j,"I think that this is a good step but we need to remember that NERC in the commercial sector may not prove to be the end all. Also, while RTOs may enforce the standards or set the standards, not sure if we want one organization doing both." steffes-j,"Looks good. Are these ""incremental"" to the total? May be important to highlight the % growth as well." steffes-j,Sarah -- Do we need to replace Tom on the Reg Project list?? steffes-j,"Vince -- I see that you are on the panel on market monitoring. Dave Perrino and Alan Comnes are following the issue for Enron in the Western power markets as RTOs are formed. It may make sense for some people from Govt Affairs to talk with you to discuss current issues and focus of FERC and others? If we can get together, please let me know a good time. Also, the attached paper from EPSA on Market Monitoring is something we support through our trade association." steffes-j,"During the merger, transactions between a regulated company of one of the partners (IP / PGE) should not do business with the other. If EES or EPMI is buying or selling from IP, please let me know. Also, if we are delivering to retail load behind the IP market, we may need to make sure that our actions are with the code of conduct. I don't think that we have to worry much with PGE side because EPMI and EES are already acting within the code of conduct." steffes-j,"Let me know. I'd talk with APS just to find out more details. If we do, let's take Dave Perrino our wholesale guy to also talk about RTOs." steffes-j,"With the cancellation of a number of Surety Bonds by our providers, we are faced with a potential credit crunch in NEPOOL. Also, it is my understanding (although I haven't seen anything) that our Nov 2001 bills are due in all of the markets on Dec 20, 2001. Christi and I are trying to work out our payment plans (if any) and other requirements to keep our books afloat. We need to have support on understanding any payment obligations (and bills if we have them) and issues (e.g., Annual Fees). Who can we talk with for each market?" steffes-j,FYI. The first memo. steffes-j,Evan -- Who is responsible for completing all paperwork for entering a new market? Is it someone on your team or someone from CEC? There have been some issues with getting everything coordinated lately and I wanted to make sure that we knew who was on point. steffes-j,"Latest information on CPUC Decision -- Commissioner Bilas filed an Alternative Draft for the CPUC that would: * hold DA suspension and have the CPUC conduct hearings that would work out details including impact on bonds and phasing ending of DA, * resolved issues related to credits and payments of Negative CTC, and * hold hearings dealing with bottoms-up ratemaking for DA. This is effectively an updated version of the alternate that Bilas put out last time the CPUC considered this issue. It is a long-shot that this alternative would be approved. Our current information is still that the CPUC will vote to suspend DA as of Sept 1." steffes-j,Thanks for the info. Will be in touch. steffes-j,Thanks. Maybe we should have Nancy Hetrick simply put in a place holder. steffes-j,"Not until all of the key electricity fixes are included in the package - remember RTOs are still voluntary, the Courts have yet to require FERC to do away with the Native Load exception, and NERC is in charge of reliability. This is clearly the biggest issue for the Publics." steffes-j,"Christi -- DQE provides some level of audit capability to ensure that the costs are fair and apppropriate. PGE may not have a resource specific system lambda but AW may be able to explain how they would implement something like this. I know AW from some other issues so if things don't go well let me know. Also, please keep Alan Comnes in the loop." steffes-j,I hope you are having fun at the Nutcracker Market. Tell Christi and Susan hello. steffes-j,No. Talk with Pat Keene and/or Leslie Lawner. We haven't done much on Arizona lately. steffes-j,I'm taking Sept 3 off - I think it's Labor Day. Please also note that I am taking off late in September. Choose the best date to work through for this. steffes-j,Sue -- Is the issue for the Governor's eminent domain or Native Load exception? Very important distinction maybe lost on these guys. steffes-j,I didn't calendar (or at least I don't remeber). When will this happen? steffes-j,"Why is Buxton upset? This is good for consumers? What does he want to change his mind and push this forward? Wouldn't this just lower the prices to his customers? Also, this is why we need to be constantly pushing the political message in the states." steffes-j,Great. Really appreciate. steffes-j,"Sarah & Christi -- Let's make sure that we get our comments together prior to the phone call. How about a phone call at 8:30 am CDT on Friday? Also, probably don't need everyone on the EPSA call so maybe we should organize our participation? Pls let me know." steffes-j,"Jeremy -- To let you know where we stand on the CPUC's Investigation on DA Suspension. 1. Sue Mara is leading the effort to respond to the CPUC for Enron. 2. We knew that the CPUC was at a minimum going to investigate how and/or whether to allow extensions of contracts and the application of other surcharge $$ to DA load given their earlier statements. The issue on retroactivity is open primarily because they can ask these questions and (I believe) as leverage for other issues. 3. We are coordinating with the big customers who recently left. They are marshalling forces to oppose any retroactivity. This is as much their fight as it is ours. 4. At this time, Enron will file as a member of AReM. We intend to oppose the CPUC's request for our contracts and transaction information. If you want any other info or want to discuss further, let me know." steffes-j,I think when you add the publics into Southern they'll hit 40k. It may make sense to send this question to Intellibridge. We have their resource. Call Margaret Allen in Houston she'll have their number. steffes-j,Jennifer - Please make sure that Vicki gets regular updates of both bills. Thanks. steffes-j,Tammy -- I sent this report to John and Louise last week. Intend to make it monthly. Similar to earlier. I will include you on it going forward. Sent to John's asst. Call with any questions. steffes-j,sounds good. pls talk with Bob Frank about his involvement in this group. steffes-j,Didn't know about this. Have we compared this list to our gas market termination list? Jane - Can you please send me the list? steffes-j,Christi -- What's the latest on the PGE imbalance method?? steffes-j,How about 10am Tuesday?? steffes-j,Does change in law mean the implementation of the NE RTO? That process is underway and whatever happens with its implementation we should already have a knowledge of? steffes-j,Fine. Why not have this as the first element of EISB Wholesale Quadrant?? steffes-j,Charles and Susan are in the building. Robert where can I find you to discuss some issues? steffes-j,"I think that Christi's write up is great. I've only changed two things. If anyone has any more changes, please get to Janel ASAP." shackleton-s,"Even though we have already terminated this counterparty, I received a voice mail today (caller did not leave name ) for a commercial person to contact the company to discuss a settlement proposal. The phone number is 303-978-4965. The termination was not mentioned. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Can you please forward the Master Log to Elena? Thanks. shackleton-s,"Clem: Attached is my proposed form of guaranty (format accepted by Societe Generale when ENE executed guaranty for credit arrangement to fund FIMAT USA, Inc.'s margin calls to ENA). FIMAT will not trade without an ENE guaranty. Sarah Wesner will fax the form of guaranty submitted to us (ENE) by FIMAT. If that format is acceptable, we're done. Please let me know what you think. We are moving futures positions ASAP. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I have an 8:30 a.m. doctor's appointment. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Rob: Attached is a ""recap"" of outstanding issues with the utility. I have not had any conversations with anyone at ConEd. FYI, I did receive a call this afternoon from Sylvia Dooley asking that I call her about one of the unregulated affiliates. I left a voice mail. Let me know how you want to proceed. Ed asked that we prepare a blackline and not change items to which the parties have not agreed. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Has the account issue been resolved? I'm concerned about the ENA examiner and the cash control situation between ENA and Enron Corp. shackleton-s,"Can Blake and I meet with you sometime on Wednesday afternoon to discuss your financial contracts and how to terminate open positions? Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Lawyer Dago: Got your card on Friday and it made my weekend! I'm glad I could help out. We definitely need to get together soon. I've had an awful summer. My mom died in July. My car flooded in June. Mike's mom died in June. Can't think of a reason to be gloomy so I can't wait to see you for lunch. I'll stay in touch! shackleton-s,"How many outstanding trades will we be terminating with this party? Is there only a collar? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Kim: Is the legal entity for PacificCorp: PacificCorp Power Marketing, Inc.? Is there only an entity for financial power? Thanks." shackleton-s,"Dominic: Rick Marshall from Southern Union called about a weather trade. Could you please call him? 570-829-8795 Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Stephanie: Warren Tashnek called and would like us to fax the certificate to him directly. fax 713-629-1933 phone 713-629-1896 Thanks. shackleton-s,Please forward your email to the RAC group requesting the opening of this account. Thanks. shackleton-s,"Mark: In case Global Finance is desparate in the next two days, I'm forwarding the project in this email and a following email. Thanks." shackleton-s,Stephanie: Scroll all the way down to Sheila's original message for contact person and the two Enron companies being guaranteed. You will need to verify with London that ECTRIC has a futures agreement with Carr (maybe you can get a copy of it for our records). Can you prepare a draft guaranty and ask Tanya for a cap. Thanks. shackleton-s,"These are financial ""out of the money"" swaps between ENA and various SPV's have been sent to me with the request for ""termination"" from Jesus Melendrez who is managing the ECR portfolio. Should this be reviewed by the ""Intercompany Contract"" group?" shackleton-s,Marie: Does this sound weird opening the account on Sept. 27? I thought this was done some time ago. shackleton-s,"CELL 713-705-1823 OTHER 504-828-7714 Feel free to contact me any time. Have a safe holiday. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"At the moment, no. Can you keep a list of these requests?" shackleton-s,"Please forward a copy of the executed swap confirmation. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Susan: While Tanya is reviewing credit, can you please send a ""blank form Paragraph 13"" for this master. Just our standard. Caveat: subject to credit review even though there are blanks. Thanks." shackleton-s,"Credit. Tom Moran, Veronica Gonzales or Bjorn Hagelmann." shackleton-s,"See my ltr directory for this letter. Please check the date and delete skipped line after my name. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Sibyl: We are faxing signature pages now. We have confirmation that the prior fax (in its entirety) went through. Call if you have a problem. shackleton-s,"Alan: I have received two audit requests for Con Ed. Any ideas (i.e., who should respond)? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Jim: Please see attached. Urgent. shackleton-s,"Also, Joanne is preparing red and blue files for copies of the new agreements. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Please call. I don't understand your message. shackleton-s,"Mary: Sarah Wesner indicated that you had already been down this path and that using our FCM would expose ENA to CFTC auditing. Can you stop by if you have a minute? Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Alex: Sorry for the delay (meetings). The authorized signers (for both the authorization letter and the Waiver and Release) are: (1) Enron Credit Inc. Gary J. Hickerson Managing Director (2) ECT Investments, Inc. Gary J. Hickerson President (3) Enron Credit Limited Bryan R. Seyfried Director (4) ECT Europe Finance, Inc. [leave blank as I will have to find someone] Please note proper spelling of the company names. Hope this does it. I'll see Gary at a 1:30 meeting (Houston time) and can secure his signature; will have someone locate the remaining signer. Please email to London as well for the Enron Credit Limited signature. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Ed: I received a message from the lawyer for Cinergy Energy Services requesting that the ENA ISDA be with CG&E. This will solve our allocation issues (as the utility will hedge for its own account). Please send a new credit worksheet. Thanks. SS Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Just received a call from Virginia Loebel (609-936-8057) for a return of the $100,000 cash collateral (Independent Amount) we are holding. She is sending a request which I will forward. She says all trades have rolled off the books. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Agreement executed Friday, Nov. 9, 2001 and received by Goldman. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Per my vague voice mail, please open the attached document (Terms of Business) and look at page 12, Paragraph 20 (Jurisdiction). This is the paragraph I am inquiring about." shackleton-s,"Sorry, I was on the phone. Financial contracts are all 2-way. Ignore my prior" shackleton-s,"That's always been an issue. I don't think that Angelo handles all commodities. ENA also books financial weather, paper/pulp, rate/currency, crude, steel, plastics, etc. Credit Ag can pick up all products so Beth Apollo should be able to verify." shackleton-s,Sibyl Peyer (see email address below). phone: 212-902-8191 fax: 212-428-1899 Sibyl has your phone number. Customer Agreement (I will forward) Repo Agreement (this is news to me) Tax ID - WAITING (Mary Perkins handling) Bylaws (not certified - OK) Authorized Traders (incumbancy from signer of agreements - shackleton-s,"FYI, Mexico. I'll rely on your 11/30/01 calculations. I don't know if Jaime worked with credit." shackleton-s,We're on for Thursday. Thanks. shackleton-s,Here it is. I'm fairly certain that Annabel said the assignment was fine and we'd execute when we got the Securities Lending Agreement done. shackleton-s,"Lauri: We are in the midst of obtaining the certificate. Also, I just noticed that the effective date is missing the year ""2001"". Would you like to insert it and we will initial? Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Ed: I think this answers the question. I know to research outstanding broker claims (e.g., BNP Paribas is witholding USD 80,000,000 to setoff against other claims)." shackleton-s,Do we need to meet briefly about the extent of these EOL amendments? I'm also thinking of AEP. shackleton-s,"Hey, Carson. It's too early for me to tell if this week will work. It's pretty rought over here. Let's touch base later this week." shackleton-s,"Carol: As the log is continually updated, we should be clear as to which entities we are reviewing for purposes of informing the book ad mins. To date, we have only focused on: ENA EPMI ENE ENA Upstream Company LLC ` EPMI We have consciously excluded EES and the London entities or US entities trading through EEFT in London (such as ECTRIC). Since Enron Global Markets (and presumably EIM next) is under a mandate for liquidation, don't we need to liase with Alan (for his US products) and London (for products such as weather) which are EGM products? Since ENA includes FX/rate, we have included that global product in our original review. This is needed to understand the process of liquidation of the FX/rate book (as netted against other ENA outstanding positions). Or is our focus still only gas and power? I just don't want to miss anything or slow down the process. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Can you call me? Par. 1 ok Par 3(c) not sure if enforceable Par 6 not sure I understand what they're getting at Thanks. shackleton-s,"Hey, Lynn: I'm a survivor! But, one never knows from day to day. When you return I'll fill you in on the details. Hope you have a successful trip. When do you return?" shackleton-s,"Termination letter setting Termination Date as 1/25/02. Terminates the ISDA Master Agreement and deal nos. Y23821.1 and Y20976.1. ENA owes $604,957.62 and ""calculations"" are attached. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Can we have a short meeting to identify our immediate path for trade termination? I'm not certain of the critical steps required before we can begin to respond. I have a short list of questions. I apologize if you covered this in yesterday's meeting. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Gil: Please include me on the distribution list for executed confirms and other agreements which to which ENA is a party. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Rebecca: Per our conversation, attached please find Clorox's blackline. You should have Aparna's file including the credit worksheet. Also, Aparna should have provided you wtih a copy of the ISDA boilerplate (let me know if you need this or anything else). The credit issues we should focus on include: (1) request for cross acceleration [Part 1(b) page 1] (2) Cross Default amendment for operational issues [Part 1(b) page 1] (3) Credit Event Upon Merger: use of ""materially weaker"" definition [Part 1(c) pages 1-2] (4) Additional Termination Events: use of rating downgrade Part 1(i) pages 2-3] (5) Delivery of documents [see page 5 comments] (6) elimination of ""non-reliance"" representation [pages 7-8] (7) elimination of affiliate setoff [pages 8-9] (8) Change to definiton of ""Credit Support Amount"" [Annex A page 1] (9) complete change to Threshold and Independent Amount [Annex A pages 2-3] (10) ""Minimum Transfer Amount"" from $0 to $500,000 (11) elimination of the MAC in Par. 13 to the Credit Support Annex [Annex A page 8] (12) Enron Corp. guaranty: elimination of cap [see Enron Corp. guaranty] I look forward to meeting with you on Wednesday. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Nora: Per our conversation, please let me know what you can about existing board resolution or bylaws. We are trying to change the signature card for the Enron Corp. Morgan Stanley account to eliminate Fastow and Glisan and replace with others. The request originally went to Sheila Glover from Tim DeSpain. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Check with Joanne Rozycki if you need assistance. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Sam, Marie and Stephanie: Would you please finalize all Brokerage Agreements with entries identified as ""Sent for execution""? A fully executed agreement should reside in the red file. Please have this completed prior to October 15. Let me know if you have any questions. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Michelle: Received your voice mail a few minutes ago. We are still reviewing your request. We may require other changes to the agreement. Will let you know our decision. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mark: Great! Tuesday, March 19, at 2 pm, location TBD in ECS." shackleton-s,"Someone from settlements contact Kay at 843-871-3200 EXT. 203 to determine default rate of interest. May or maynot terminate. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Sheila: Please send your usual message on this one. I assume it is for ECT Investments Inc. Thanks. shackleton-s,"Call me. Enron MW LLC will be treated like any third party. Since we do not have our trading order, there are no unwinds or terminations and we do not have special preference for dealing with affiliates. If this is in the money to ENA, we may be able to expedite the process but we are still dealing with a debtor. I'm not sure that the relationship to ENA bears different treatment." shackleton-s,"(1) Citizens Gas Utility District of Tennessee (Scott & Morgan Counties) - sent wire on 3/1/02. Contact ""Missy Ancy""(?) at 423-569-4457. This was a voice mail. (2) Ormet claims that failure to pay Invoice # 0202112 is incorrect. On 2/5/02, Ormet wired $362,476.97 (ref. 2511) and this amount ""includes the netting of $14,645.03 owed to Ormet by Enron Metals and Commodity LImited for commissions applied to metal trades."" Letter given to Susan. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Will you please call Ty (whatever her name is)? The reason being that their termination notice relates to the ISDA (I believe) which we do not have. Thanks. shackleton-s,"Sorry I had to cut you off, only another emergency! Sara Shackleton 3915 Coleridge Houston, TX 77005 713- 664-3207 (home) 713-705-1823 (cel)" shackleton-s,"Cassandra: Just checking to make sure you were aware that currency swaps are being executed between the above Enron offices. I came across this issue in connection with a crude trade I'm looking at for Enron Japan Corp. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Bill and Tanya: Please verify that the attached document accurately reflects your agreement with Morgan as to changes to the ""Exposure Threshold"" and I wil initial for execution. All else looks fine. Thanks." shackleton-s,"when are you available this afternoon? can you get into your voice mail at X53913? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Gil: Please forward copies of the executed confirms for your ENA/Bear derivatives transaction. Thanks. shackleton-s,"Scottie: I heard about your new job and, what can I say except ""Congratulations!"". I'm really excited for you. I'm also glad you stuck it out at Entertainment Weekly because that job will look good on your resume, especially because you had the gumption to remain for a full year. Believe it or not, your dad is very ""with it"" and knows what goes on in the real world. I think that he would probably appreciate a candid discussion with you. The reality is that he cannot control what you decide to do with your life, he wants you to be happy and he wants to protect you from all of the bad things that can happen in life (if he had that power). Since you have decided to tell your dad about your decision, I think you should talk to him like you always do and listen to him the same way he will listen to you. You guys have a terrific relationship and you should keep it that way forever (you know fathers and daughters are really special). He may or may not be happy with what he hears but he would rather hear it from you than from someone else. I'm looking forward to seeing you (briefly). Tell Park hi." shackleton-s,"Katie: I left a lengthy voice mail for you last Friday (2/1/02) in response to your voice mail. Have you proceeded with the filing for ECT Investments, Inc.? Sheila Glover is currently available to assist on the commercial side. Please bring me up to date. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mark: Per our conversation, attached is a short ""recap"" of the companies and amounts involved. With respect to prime brokerage accounts, the following approximate cash balances are held by Bear Stearns & Co. (""Bear"") in accounts for the following companies: Enron North America Corp. $159,022 [filing debtor] ECT Investments, Inc. $3,923,970.84 [has not filed] Enron Credit Inc. $10,500,000 [has not filed] I understand that one of our U.K. companies, Enron Credit Limited, has been in touch with one of your employees with respect to the return of the Enron Credit Inc. cash and was told that Bear wished to offset that amount against the amount owed by Enron Credit Limited to Bear under OTC trades, approx. $1,500,000, for a net balance of approx. $9,000,000. ECT Investments Inc. sent a demand letter to you via facsimile on November 30, 2001 requesting return of its cash balance. I do not believe that ECT Investments, Inc.has any OTC trades with Bear but I will need to verify. We would like to resolve the return of cash issues. Please feel free to contact me. Thanks for your assistance. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"All: We sent this ISDA for execution and now the lawyer has come back with MORE CHANGES. The primary issue is SETOFF. AESC originally accepted our standard setoff language and has now rejected affiliate setoff due to ""regulatory"" issues. Who is currently responsible for this counterparty? Please respond. Thanks for your help. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Maria and Michael: The form of confirmation of fine. How would you like to handle execution of this transaction? of remaining transactions? Scheduling the VE discussion for later this week is also acceptable. We look forward to hearing from you. shackleton-s,"The following parties have terminated their financial masters with ENA and we need the list of outstanding trades generated by credit: Goldman Sachs Capital Markets LP Royal Bank of Canada Skandinaviska Enskilda Banken AB West LB J. Aron CIBC Let me know if you have any questions. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"fyi: It has come to my attention that Tana/Marie are making constant use of the xerox for copying the ISDA preprinted form, etc. Is there a standard for outsourcing these jobs? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"All: Just spoke with Harvard's lawyer Kim Noble who appreciated speaking with Bill earlier this week. ENE has triggered an Additional Termination Event under the ISDA (commercial paper rating at A-2 and ENE placed on ""watch"" status) but Harvard does not want to terminate. Harvard will propose an amendment to the effect that our Threshold will drop to 0 as long as a short term rating is at A-3. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,I'll check out the Big B.R. forecast before I come in. shackleton-s,"Matt: My comments to the Customer Agreement which you delivered yesterday: Please confirm the Enron party signing this agreement. If it is ENA, then need to add (1) ENA's standard limitation of liability clause (2) Par. 18 - exception for CSFB to attempt to communicate to ENA through reasonably available alternative means in the event of communication failure Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Should I send comments to Andy Granger at fax no. 860-297-0301? shackleton-s,"Tanya: Would you please prepare a credit worksheet for Chase. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Rudwell: You are handling this counterparty from a credit perspective. Rich Friedman from Global Markets has called to inquire about the status of this ISDA request. Please refer to Lotus Notes to review the last action taken by Russell in February, 2001. Please determine whether we can eliminate the Credit Support Annex from this agreement before we send another version. You will note that this counterparty wants to rely entirely on the form used by Aron. Russell has a copy of this agreement. Do you want to put this on the legal credit list for follow up? Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Beth Ng keeps calling me about the ELFI trades; she wants to rebook to ENA. Any ideas? shackleton-s,"Bob: The attached letter can be used for terminated or non-terminated parties; just tweak the letter. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Fancisco: please advise the names of any such counterparties, the status and whether you have a file with info. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tom: You sent me documents for Thos. Weisel to clear through Bear. I guess you are no longer interested in Bear. Am I correct? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Carolyn: Sorry about that! I've been too busy to be practical (and check my in-box). shackleton-s,Neil - please call me. Your extension is not 54613. Sara Raj would like to meet now. shackleton-s,"Saul: As I am stepping into the middle of a prior negotiation, I hope that you will find my few changes to the most recent version of the ITG Redistribution Agreement acceptable. Please feel free to call at your convenience. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I'll call you later when I have a free minute; tied up for awhile. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Jim: I thought Enron Corp. would prefer to have an Enron Corp. lawyer review the form of note. I will ask Russ to ensure that you receive the draft shackleton-s,"Ellen: Feel free to send the language. I'm not sure Peter knows what parts of the agreement need to be modified. And yes, I think it would be helpful if everyone discussed the changes and methodology ahead of time." shackleton-s,"Gil: Before any brokerage account can be opened, you need to advise the RAC group. Please send an email to the three persons (""Cc"") above explaining what accounts Enron North America Corp. (""ENA"") requires and the purpose of those accounts (if you have not already done so). ENA has a brokerage agreement with Bear Stearns Compamies, Inc. but not with Bear Stearns International Limited. ENA already has resolutions for opening brokerage accounts. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Wendi - ENA signed the amendment on Friday. Please let me know that you are fully agreed with Chase. shackleton-s,"Tanya: I think we sent the ENA ISDA to you but I'm going to refax since First Union is calling daily. We sent them a ""blank"" Paragraph 13 and they are asking for credit terms. Thanks for your help." shackleton-s,"Clint: Lehman called to discuss the two (2) forwards on 9/28/01 (2,245,761 shares at $56.7925 and 2,434,339 shares at $67.5243, respectively) and roll of the 9/18/01 400,000 share forward into the new forwards. It appears that you also rolled all of the five (5) remaining forwards which terminated on 10/3/01 into the two new forwards. Lehman is sending three new confirmations for the foregoing transactions. Please verify with deal tickets. I have the ticket for the 400,000 share trade. Also, can you please verify final confirm format (i.e., blackline sent noon on 9/26/01). I have Jim's comment for ""material information"". Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Sheila: please see my comments below about the correct Enron company for (only futures and options?) appropriate type of transaction. shackleton-s,"Pat: I never heard back from you. Will you be the lawyer to assist me in this matter? Please let me hear from you. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Jay: I know Stephanie requested a copy of the executed version of the ""Amendment to Guaranty"". I need to review that amendment before approving the Second Amendment. Also, did you have a prior agreement as to the effective date of this amendment? Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"We cannot locate any financial contracts for this counterparty. Please verify that this party belongs on the ITM Non-terminated financial gas list. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Today doesn't work for everyone. How about my office in the morning? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Joanne: please change the attached give-up in Par. 10 for provide for New York (not Quebec). Then I need to print three docs for signature. Thanks. shackleton-s,"Yes, I am very ineterested in seeing images of the new pieces. You may send to either email address. Thanks. Sara" shackleton-s,"Laurel: Please remember to make a list of these deals. Northern Natural Gas terminated 12/14/01. I didn't check the others which we discussed. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Enron Financial Energy Trading LLC (""EFET"") is ultimately owned 100% by Enron Corp. There is no org chart. Financials of all Enron subsidiaries are consolidated with Enron Corp." shackleton-s,"Rex, Jim and Clint: You may recall that ENE has been in the process of documenting two forwards, effective 10/3/01, and two puts, effective 10/1/01. The forwards consisted of rolls of outstanding forwards with Lehman. These transaction confirmations were signed by Tim DeSpain on Friday, October 19, 2001. In that regard, I have faxed to your attention the two (2) REVISED put confirmations prepared by Lehman per the email attached below. I received the confirmations by fax today. The confirmations were revised to provide for physical settlement on the Expiration Date. There are two different Expiration Dates; one is October 30, 2001 (Strike Price of USD15.5246) and the other is December 28, 2001 (Strike Price of USD15.6947). You will see the details on the confirmations. As Seller of the options, ENE will be obliged to pay Lehman upon delivery of the shares if the options are automatically exercised on the Expiration Date(s). Please note that there are also changes to the confirmations with respect to ""Regulation M/Tender Offer Event"" appearing on page 4 (i.e., Cash Settlement will apply instead). Clint: please verify that the confirmation changes conform to your discussions with Russ. Please let me know if you have any questions. Thanks." shackleton-s,"Tanya: We have provided ENE guaranties in limited instances on brokerage accounts and futures accounts (with margin lines, e.g. most recently FIMAT USA, Inc). The Bear Stearns Companies is an example of the use of corporate guaranties for the credit business. Originally, Bear required a guaranty for an ENA account (holding credit positions); but that guaranty was terminated when the positions were transferred to an Enron Credit Inc. account at Bear with a new ENE guaranty. There may be a few others but we'd have to conduct a file review. ECT Europe Finance, Inc. is owned 100% by ENA. [Kate Cole is revising the corporate workbook to accurately reflect this ownership]. Tom: Please respond to Tanya's question regarding the purpose of ECT Europe Finance, Inc." shackleton-s,"Louis: Just a reminder that ENA received a letter from Tri-State last month and you are going to verify that Deal Nos. YB 5708.1 and 5833.1 are the only active financial deals with ENA. If you can confirm, then we can indicate on the Master Log that Tri-State has actually terminated all outstanding trades effective as of 2/27/02. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Tracy: Please let us know when you have reached a conclusion. Thanks. shackleton-s,"A few questions: (1) Where does the NYMEX amount come from (I understand that ENA has no open futures positions)? Is it margin? Also, what is that number today? (2) Why are there entries for both ""JPMorgan Chase Bank"" and ""The Chase Manhattan Bank""? What is the difference? For example, we have a termination notice from Chase but not JPMorgan Chase. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Sheila: Just a few notes from the Agreement: (1) Par. 2(d) - DBAB will use its ""reasonable judgment"" to value securities or other assets posted as margin (2) Par. 2(e) - DBAB will use its then current rates of exchange for any currency conversions (probably not applicable to ENA) (3) Par. 3 - Have we agreed to commissions and brokerage charges? These are to be agreed ""from time to time"" (4) Par. 5 - Position Limits: ENA must promptly notify DBAB if ENA is required to file position reports. Can you explain, please? (5) Par. 7(b) - Not sure why we're being asked to make this rep. What is ENA's relationship to the Enron FCM these days? (6) Par. 9(a) - Trader changes binding on DBAB upon receipt of written confirmation (7) Par. 9(d) - verify binding nature of trades Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"yes, please. At that point, how do you want to execute?" shackleton-s,"Russ: Please add Jim Armogida to the distribution for the note (jim.armogida@enron.com). Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Can you please submit a new credit worksheet? Thanks. shackleton-s,3801a. Give me some advance warning so I'll have it marked. shackleton-s,"Sheila, while I think of it, I misplaced the info I gave you about the deferral plan contacts. Can you make a copy for me? thx Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Larry Anderson with Carr has called to inquire about ENA financials and an Enron Corp. guaranty. From an historical perspective, it has always been my understanding that Enron Corp. did not wish to provide guaranties to brokers and we have been successful in that regard with several recent exceptions. In particular, Enron Corp. provided Carr with a ""comfort letter"" reciting the corporate ""policy of general financial responsibility and interest in seeing that subsidiaries act responsibly."" [letter dated February 16, 1999] Such letter is no longer sufficient to satisfy Credit Agricole which owns Carr. Joe, I believe that Larry may have already spoken with you. I don't know if your conversation included discussion of a guaranty. Please let me know how you would like to proceed. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mark: Would you be available sometime on Tuesday, March 18 to conduct (again) your bankruptcy discussion for a smaller focused paper and pulp commercial group? I'd like to schedule as soon as possible. We can meet at your convenience. Please respond. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I had a long conversation with Sylvia Dooley this afternoon. She contacted me about finalizing the Con Ed ISDA Master Agreement and the ""related"" Consolidated Edison Energy (same lawyer, different commercial) master. Sylvia is preparing a new version. We have a lot of open issues, most appearing on the open issue list that I just circulated to you both. However, Sylvia and I identified some significant credit issues which we should address now. Ed: In addition to finalizing the credit matrix, the big ticket issues include the following items and (according to Sylvia) you should probably call Triche Douglas right away to resolve as she is being moved to another project and may not be available for ISDA negotiations much longer: (1) credit event upon merger: Con Ed coming back with newer definition of ""materially weaker"". Con Ed rejects ENA's proposal (2) Con Ed is still rejecting our setoff language. I will send our newer language but the substance is the same as before. (3) will not agree to our transfer language (i.e., always want to consent for purposes of transfer and no carve out for guaranteed affiliates) (4) want an extra day for delivering L/C's (5) issue about notification time for requesting collateral. Con Ed wants 1 pm NY time; we countered with 11 am NY time. (6) are insisting that parties obtain consent for substitution of collateral (7) major issue with respect to holding/using collateral. Con Ed will propose that with respect to ENA, only Enron Corp. can hold collateral and Enron Corp.'s eligibility to hold collateral will be tied to credit rating of BBB (8) major issue defining MAC: no one has come up with a MAC Given my conversation of this afternoon, please let me know how you would like to proceed. Rob, will you be handling both Con Ed entities? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Kim: Legal and credit have never responded on this one since there was no activity. We will have to do a comparison of the CP form. We also need credit since nothing has happened since 1999. Can you resend the email version which Salt River sent to you? Jay and/or Tracy: Who will prepare credit? Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Hi, Patricia: Please print for Mr. McKeogh. Thanks." shackleton-s,"Does anyone have this file? Please let me know as soon as possible. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Thanks! My friend Donna called me yesterday and we were just talking about Carson. On a slightly different note, can I take you up on your offer to call Ofelia about not showing up on Thanksgiving Day?" shackleton-s,"Pushkar: If you have a list of Dallas funds, I would be very interested. Also, please stay in touch and best of luck! You can email at Enron or at sshackl@swbell.net. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"David: Attached is a draft confirm for a natural gas EFS under the new NYMEX rules. Please review the redlined language. The new NYMEX amendment permitting EFS transactions was originally part of a pilot program for Brent Crude contracts (NYMEX Rule 6.21) effective September 5, 2001. NYMEX Notice No. 01-372 effective November 1, 2001discusses the application of the EFS for natural gas futures contracts but I cannot find a specific reference to a NYMEX rule (I assume it is NYMEX Rule 6.21). Thus, I didn't know whether it was necessary to cite a particular rule. I also didn't know if I need to reference the number of NYMEX contracts in my ""Special Provisions"" section. Further, if Rule 6.21 is applicable to the natural gas futures contracts, then I suppose that the confirm should (?) recite the information required of the Clearing Member by the Exchange. On the other hand, maybe the Clearing Member's report should contain information such as appearing in Rule 6.21A(C), if applicable, and it need not be repeated in the confirmation. Can you give this a quick review? Trading in the nat gas contract terminates in a day or so. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Yes, I've been contacted by Paul Puchot in Global Finance. There is some type of meeting this afternoon. It is not clear to anyone which Enron company is involved. FYI - I was in the midst of negotiating an ISDA with BSIL for Enron Corp. with respect to potential forward deals." shackleton-s,Stephanie: Exelon is fine as is. Thanks. shackleton-s,"Mark: I don't know what your schedule is this week but I want to discuss ENA's response to counterparties who do not respond to our request for settlement calculations and methodology (e.g., Goldman Sachs Capital Markets, L.P., J.Aron, etc.). I understand that you may not be the lawyer to handle a response; this is a ""protocol"" issue. Also, on the financial trading side, I have another ""protocol"" issue with respect to nonpayment by non-terminated counterparties (under the ISDA, GTC's or Master Energy Price Swap Agreement). Specifically, let's discuss ENA's approach and use of a possible ""test case"" in this area. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tanya: Is there a way to identify outstanding financial/physical positions with respect to these products? I'd like to cross check to see which counterparties have sent termination notices. I've already spoken to Bob who will compile his list for me to track. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Ed: The top ten ITM non-terminated ENA MTM positions in financial gas: Louis Dicarlo is assisting the effort in active financial gas (commercially). Due to the large number of open gas and power positions, the immediate focus is open gas (financial)/power (physical) positions. Due to the huge volume of information to be retrieved for each counterparty on a global basis, it is difficult if not impossible for Bob Hall/Beth Apollo to complete the data collection if the counterparty is not in this immediate focus group (I don't have the latest electronic version of the counterparty status produced by Beth). By copy of this email, I will ask Bob Sevitz to determine if the top ten ENA ITM financial gas files have been completed (probably very close to completion). The MTM numbers will then be validated by PWC. The top 90-150 non-terminated ENA ITM financial gas parties have had their contracts reviewed and we are awaiting Bob/Beth to collect and validate data. Advise if you need an exact count. We are in the process of notifying the parties in this group of possible payment defaults. Hope this helps. Please let me know if you need further assistance. Bob: Please advise of status of top ten financial gas ENA ITM files." shackleton-s,Joanne: I don't believe I ever got this file. Thanks. shackleton-s,"Tanya: To the best of my knowledge, please see the attached review of equity forward and swap deals which I have tracked for Enron Corp. You should contact Clint Freeland (X57538) for further details. This list does not include currency, rate or forward rate deals." shackleton-s,"ENA received a letter 10/30/01 stating that Man would begin margining on a risk-weighted basis rather than using the NYMEX SPAN calculation. This is prohibited under our futures agreement. Man has not formally called for additional margin (which they have the right to do) but rather is withholding about $25M based upon a misunderstanding between traders about moving option positions (I'm not entirely clear about the circumstances). Man has never claimed that the $25M was ""additional margin"". ENA faxed a letter this morning to Man demanding the return of margin in excess of the SPAN calculation, basically a response to the letter. ENA acounting does not have the software to execute SPAN calculations. A recommendation to purchase the software was made by Sarah Wesner (who then reported to Joe Deffner) to accounting last year. I understand that John Arnold intends to move most positions (including options) from Man to Paribas. However, this information changes frequently. Joe Deffner signed the letter and a copy was delivered to Louise Kitchen. Let me know if you need further information. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"When: Monday, October 22, 2001 1:00 PM-2:00 PM (GMT-06:00) Central Time (US & Canada). Where: EB 3801a" shackleton-s,"Beth Ng at Morgan has requested that trades in the names of Enron Liquid Fuels, Inc. (""ELFI""), Enron Reserve Acquisition Corp. and Enron Gas Liquids (physical and financial) be ""novated"" or transferred to ENA. Beth is aware that this is a credit issue. I have copies of four (4) financial confirms between Morgan and ELFI. These were produced by Morgan for Trade Dates February 28, 2001 (30,000 BBL total ethane), March 6, 2001 (30,000 BBL total propane),March 26, 2001 (150,000 BBL total propane) and March 26, 2001 (150,000 BBL total propane). Beth has probably contacted Jeff Hodge and/or Alan Aronowitz on the physical side with the same request. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Kim: I need to verify that the EOL amendment changes conform to the general financial power template changes. (1) The EOL amendment provides that the rounding convention for calculating power Floating Prices relating to MMBtus is rounding to four places; the current financial power template provides for rounding to three decimal places. Which is the correct convention? (2) With respect to corrections to published prices, changes will be required to both the ISDA and GTC formats since the latest EOL amendment does not conform to standard ISDA terminology. There is no corresponding GTC terminology. Please let me know about (1) above. Thanks." shackleton-s,FYI - I have not received any forwards or puts from CSFB. Have you heard anything further? shackleton-s,"Thanks. I""ll see you tomorrow." shackleton-s,"ENA executed an ""Assignment and Novation of Transactions"" effective 9/1/01 as to certain derivative transactions appearing on the attached Exhibit A reflecting that the HESC position would be assumed by Energy Marketing, a division of Amerada Hess Corporation. ENA was never provided with an executed version of this instrument by the two Hess parties. The assignment does not state that the transactions will be subject to the ENA ISDA with Amerada Hess Corporation. Amerada Hess Corporation terminated its ISDA with ENA on 12/3/01. (1) Louis/Mike: (i) We need a copy of the fully executed assignment document. Please forward to Samantha. (ii) You need to verify that all outstanding transactions appear on the attached Exhibit A to that assignment. (2) Samantha: When we receive the fully executed assignment document, we need to insert into the Amerada Hess Corporation file and conduct a contract review. If all outstanding transactions were assigned, we need to note in the Hess Energy Services Company, LLC file that no further action is required in that file. (3) Angelo: If all of the above occurs, then we will conclude that the invoices should actually be paid by Amerada Hess Corporation which has terminated. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Please leave me a voice mail or email and advise what phone number to call. Alan Aronowitz (if available), Mark Ellenberg (Cadwalader in New York) and I would like to speak with you about the possibility of immediate assistance which will blend into the Houston process and institutional knowledge. We are anxious to speak with you before the dial-in conference call. Please let me know. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Alan: Could you please forward your list of assignments to Don (with a copy to me as well)? Thanks. shackleton-s,I have not received notification for the last two pay periods. Is the problem resolved? Sara Shackleton EXT. shackleton-s,"Gil: (1) the BS&Co. confirm references the ""Irrevocable Sell Order dated August 9, 2001"". Please forward a copy. This apparently contains definitions for (multiple) Sell Order Execution Dates. (2) according to your notes, the BSIL ""Standard Terms and Conditions of Business"" is subject to review by a UK lawyer. Please advise of your conclusions. Forward executed version (which is incorporated into the confirms). (3) the BS&Co. confirm references the Customer Agreement and incorporates this as a Credit Support Document. Please forward executed verison. [BS&Co. also claims that deals pursuant to your Customer Agreement are Specified Transactions for purposes of OTC derivative transactions] (4) portions of the confirm do not match the unexecuted Term Sheet which you gave me. Was a Term Sheet executed? Is there an ENE guaranty which is supposed to be a Credit Support Document under the confirm? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,yes. Lunch one day next week? shackleton-s,"Tuesday, March 19 at 2 pm in ECS, location TBD. This will be Mark's presentation to the gas and power commercial group." shackleton-s,"Tom: Time is running out for the month of January and we need your list and copies of LC's expiring at the end of the month as well as positions to determine possible draws. Are you handling this? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Pat: I am accepting an inhouse opinion from the City of Glendale. However, I would like for Enron North America Corp. (""ENA"", the swap counterparty to Glendale) to engage independent counsel for its own benefit. The opinion would be given to ENA. If you're the guy, please call me. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Here it is! Thanks. shackleton-s,"and, p.s., thanks for the Israel info. Are you considering not going?" shackleton-s,"Tammy: Your redraft is fine with two exceptions: (1) We need to define ""business day"" which is used throughout the agreement and is never defined. I propose capitalizing the term throughtout your document and using the ISDA definiton or one which recognizes those days on which banks are open in NY and Houston. (2) ENA cannot agree to arbitrate before the National Futures Association and you are no longer required to use that forum for arbitration. The situs is fine. I would like to again suggest the language which I originally proposed. If we cannot agree, can we be silent as to jurisdiction? Please let me hear form you. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mary: FYI , just spoke with Anita Khosla. The ENA ISDA with CSFB will be with the head banking office in Zurich and we will identify the branches with which we anticipate business, including at the moment, NY, London, Cayman Islands. I have received comments to our Schedule and CSA. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Mark: You never assigned this one. Attached is the EOL list. Chase merged with JP Morgan and we need to upgrade/select existing master. shackleton-s,"Alan: I received a call from Steve Samuel (610-337-1000, EXT. 3009) who spoke at length with Susan Bailey this morning. I oly know that this involves liquids so I've not returned the call. Who do you want to handle for liquids? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Kim: Attached are four ""restated"" confirms formerly in the name of ELFI and now in the name of ENA. I have reviewed the legal language for conformity with the Master Energy Price Swap Agreement and the language is fine. I previously sent you the three ELFI trades that Beth Ng had originally faxed to me. I am not familiar with one of trades below, No. 923614. If you can reconcile these trades, please have executed and faxed to Beth Ng per her message below. Please let me know if you have any questions. Thanks." shackleton-s,Please forward your email requests to the RAC group for opening this account. Thanks. shackleton-s,"Daniel: ECT received a default notice from GSI dated December 3, 2001. The signature is illegible. There is a path in the upper right hand margin which reads ""Draft: (GWN/MJR) The letter terminates the Prime Brokerage Agreement between ECT and GSI dated ""20 August 2000"". As you know, our agreement was dated August 24, 2001. Can you direct this email to the appropriate GSI person for termination of the appropriate agreement? Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Tana: I don't know who Sue Kelly is so you may want to handle that end. The London lawyers don't need anything further. Thanks. shackleton-s,"Scotie: Here are three ideas. He does need a DVD player. Also, you might consider a black belt (to wear with suits) and a combination money clip/credit card holder (I saw them advertised by Tumi and other labels). I always have to guess as to what he needs. See ya soon." shackleton-s,"Bryan: Please fax to me with you initials as I'm having a very difficult time finding signers today and whoever signs will want to read you memo. My fax number is 713-646-3490. Thanks. Also, I'm thinking about the ENA signature." shackleton-s,"Jill: Please call me TODAY at 713-853-5620. If you can Fed EX to an address in Kansas TODAY, I can solve the problem. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Janet: Attached is a first draft of the Consent and Amendment Agreement for Texaco, Inc. Please circulate for gas and power. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Nora: I checked two other ENE subsidiary agreements and found: (1) We have successfully negotiated a limitation of liability clause (ENE's format) (2) We have been able to amend Par. 2 to ""delete all references to affiliates of GS&Co, including the words ""or any of your affiliates"" and ""each of your affiliates"" wherever such words appear AND delete the words ""without notice to Client "" in the sixth line and replacing them with ""without prior notice to Client, but with reasonable notice thereafter"" AND deletethe last sentence of Section 2 (3) Section 4: same as (2) above Let me know if I can help further - Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Received written response from CP claiming the it has no payment obligations under the ISDA because of our Bankruptcy. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tom: I just received a phone call from Bear Stearns inquiring about an Enron Corp. guaranty for the ECT Europe Finance, Inc. brokerage account. Have you received approval from credit? If so, what is the amount of the guaranty? Are we keeping the Enron Credit Inc. brokerage account or are we transferring all positions to the ECT Europe Finance, Inc. account? If so, are we terminating the outstanding guaranty of the Enron Credit Inc. account which was amended to provide for a $100,000,000 cap? Please advise me and credit of the status. Thanks." shackleton-s,"these are all brokerage files with the broker name in bold on first line and Enron company beneath it Credit Suisse First Boston / JSB Asset, L.L.C. (red) Bear Stearns International Limited / Enron North America Corp. (red) Goldman Sachs & Co. / Enron Corp. (red) Goldman Sachs & Co. / Enron Corp. (blue repo file) Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Hi, Mark: Hope you're doing well. Mark Taylor had suggested that I ask you the question below. If you suggest that I ask someone else, please let me know. Thanks." shackleton-s,We are going to do this at our own expense. But we would like to hire Glendale's bond counsel. I don't know the name of Glendale's bond counsel or how to get in touch with them. shackleton-s,"Mark: Please read the attached message. (1) Are there any issues with following the ""custom"" in countries not requiring an executed ""executing brokerage agreement""? Do we need to contact outside counsel in each country? (2) I anticipate that I will really need help on the brokerage agreement side. I cannot keep up now on a ""timely"" basis. Gary's world occupies about 50% of my time. Enron Corp. occupies about 25% of my time. Thanks." shackleton-s,"How about changing the last sentence of Par. 8.1(b) to read as follows: ""The Parties shall designate Enron North America Corp. as the calculation agent for the purpose of determining Breakage Costs (such determination being final and binding on ECTRI, GSCI and the Parties) and Enron North America Corp. shall take into consideration the two Quotations and the Estimate and any other information that it in good faith deems relevant."" The above language would preserve each swap party obtaining a quote from an ""Authorized Bank"" [NOTE: you need to amend the definition of to provide that ENA must have the ISDA with the bank and not ECTRI!] and properly authorize ENA to serve as calc agent [which you are]. There won't be other changes to the existing Sale and Purchase Agreement. Let me know what you think." shackleton-s,"Tanya: EOL is asking for the Chase master to be amended to eliminate the need for confirms on EOL trades. Do we need to meet to determine which Chase master (i.e., Chase or JP Morgan) should be amended (or both)? Do we want to begin the upgrade process? Please call. Also, are you available for the 9:30 Hanover call? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Kim: A very general question: shouldn't all of the financial power templates provide for corrections to published prices and rounding to four places for commodities quoted in MMBtus? Your template does not contain either of these. shackleton-s,"Spoke with David Mitchell. He would like, if at all possible, a ""short list"" of major issues with respect to the Master Netting Agreement to better prepare for the meeting. An email of topics/questions will be sufficient. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Kim: Sorry for the mixup. Attached is my redlined version of Stacy's form. Do we need to add references to crude? shackleton-s,"Beth: Attached is a redline with a few brief changes. Call if you have questions. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Hey, Dave, hope you're doing alright given the current state of affairs. Just checking to see if you have any word about potential delivery dates. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I spoke with Beth Ng (who is not a lawyer!). Beth would like for Enron Gas Liquids Inc. and ERAC to sign the ""mini-netting"" agreements she has already negotiated with EEFT through Paul Simons. Morgan does not need to execute this ""mini-netting"" agreement with ENA. Morgan would be interested, however, in seeing the ENA form of Master Netting Agreement which they may also agree to sign. But for the immediate future, the EEFT version is their primary goal. ENA will execute an assignment with ELFI and Morgan to accept ELFI's positions in the four financial trades. Hope this helps. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,We just checked with Corp. It may be later this evening but probably first thing in the morning. Will you let Warren know? Thanks. shackleton-s,"I received a voice mail from Burlington's CG Rick Plaeger who is reviewing the letter. (713-624-9161) Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Jean_Pierre: Attached are comments to the Customer Agreement. Please call. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Neil: I wasn't sure if you still had the 53913 extension. Raj Thapar wants to discuss this global settlement. Are you in the office today? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Joanne: Per conversations with your firm, the three of us would like to meet with you on Monday, January 14. Please advise if this is possible. Looking forward to meeting you. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Spoke with Dale Ginter (bankruptcy lawyer). Problem is that Merced wants to cut a deal and terminate if they can pay over 18 months. I explained that we would terminate if he didn't. I agreed to not act today and advise him of our decision. Louis, we should talk about this one. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Mark: Which lawyers should be involved? What is a reasonable timetable? Let's talk and also talk about utility service companies. Thx shackleton-s,Thanks very much for your help. I am trading voice mails with Khymberly. shackleton-s,"Ellen: Have we liquidated ENA's positions? Did we have margin posted with the broker? Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Bob: Can you please handle for EIM? Susan has a lot of information. Also, it is my understanding that any information going out the door must be logged in by Raz. Thanks." shackleton-s,"Cheryl: Gordon Heaney tells me that you have received information about non-terminated, defaulting P&P counterparties (on the financial side). We are developing a strategy for handling these types of entities and I want to ensure that ENA responds/acts consistently. Many of the P&P parties misinterpret the ISDA documents and I observe that many are in the money to ENA, have not terminated and may be in default for failures to pay or post collateral. Can you let me know if you actively pursued these parties for Bob Crane? Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Hi, Mark: ECT Investments, Inc. is trying to finalize a ""Terms of Business Letter"" with Goldman Sachs International (""GSI"") in London (for trading foreign listed equity options). GSI is resisting the inclusion of any limitation of liability language in the agreement. Our agreement is governed by English law. I have requested the following simple statement: ""Neither party shall have any liability arising from this Letter or from any obligations which relate to this Letter for any indirect, special, punitive, exemplary, incidental or consequential loss of damage."" Do you even use such a provision in your documents goverened under English law? What language (if any) would you propose for use with an English party? I'd appreciate your insight." shackleton-s,"Let's try to not duplicate work efforts. I just sent a copy of the BMO repo agreement to Laurel Adams who requested this for the AA audit. Who's in control of the AA process? Just give me a call. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Blake: did Stephanie give this one to you for review? We need to clear it up on the Master Log. shackleton-s,"Just spoke with Cindy Ma who tells me that Wilbur Foster will be in Houston next Thurs/Fri. She again says that Millbank is asking about our strategy for handling in the money gas swaps. I know you guys are managing the EY relationship and I just wanted to let you know how she's bouncing. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Weezie: Please email the names of any financial counterparties which you have reviewed on behalf of global markets to Susan, Stephanie and Samantha. Such counterparties may have been previously reviewed for a different financial product and we do not want to create multiple files or conduct multiple reviews. Bob Sevitz is the ""gatekeeper"" for the data collection process. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"This appears to be an open position since neither party has terminated on the Master Log. (1) Any reason why one party cannot terminate? (2) Is this a single swap or several? (3) I think PWC ought to reveiw our ""valuation"" (and Bob's curve) since it becomes a matter of public record when the claim is filed in the bankruptcy. Any valuation ought to be documented." shackleton-s,"Gil: Will you be handling the documentation? Does JSB Asset, LLC have an authorized trader list? a resolution to open the account?" shackleton-s,"I'm sure this is not new to you but Cindy Ma just called. I guess Raj was trying to schedule a meeting today for lawyers (in/out) to meet for several hours with these guys who are only here today. I punted to you guys. She's asking specifically about strategies for terminated/nonterminated positions and other time sensitive issues. Also wants people like Sager, Hodge, etc. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Stacey Richardson has requested copies of the following docs which are in my office files: (1) BMO Nesbitt Burns Corp. repo agreement (2) HSBC Futures agreement We can send via interoffice mail to Stacey at 2127b. I may stop by the eye doctor in the a.m. (Thurs.) to pick up my glasses so I should be here before 9am. Thanks for your help. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Lunch sounds great! Any time is good for me. Just holler. shackleton-s,Who is your credit approval person? Please have that person email or call Marie and me. shackleton-s,"Monument Derivatives GIVE UP to GS&Co. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Jean-Pierre: We are faxing the FIMAT USA futures customer agreement to you now. Marie Heard will be assisting me in forwarding required documentation. Enron North America Corp. will provide authorization (corporate and trading). We will call you shortly about the full package. Thanks for your help. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Please forward your email to the RAC group requesting the opening of this account. Thanks. shackleton-s,"Kim: Just giving you the heads up about a derivatives trade being documented by Gil Melman who is a lawyer with Enron Principal Investments. Gil has negotiated a deemed ISDA with Bear and the trade has not been run through or documented by a desk. You may want to contact him for a copy of the trade. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"This email confirms receipt of the new calling card. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Edmund: (1) I thought you said that there were specific transactions in the U.S. entities. I need a list of trades booked in the names of Enron Credit Inc. and Enron North America Corp. (2) I need someone to walk me through the numbers appearing on the charts which you sent me. (3) I don't understand what happened with the Anker Coal position. I know that London used that entity for the purpose of transferring this position to ECTEF Inc. shackleton-s,"Thresa: Just FYI, the items below are requests of all brokers and ENA/ECT Investments, Inc. provide our own format (i.e., we do not use the broker's format). Please forward the agreement when you receive. Thanks." shackleton-s,Susan: Can you please have a copy of the Harvard ISDA sent to Tanya. Thanks. shackleton-s,"I received a valid termination notice from AirTran designating March 13, 2002 as the Early Termination Date for financial deals. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Susan: I'll continue to review the RMT masters and these should be included in the attorney rotation which Mark should mention at our swap meeting. Let's discuss the recent changes to the form. shackleton-s,"Sam: Please see me in the a.m. We are going to use this party as a test case for valuation and will need to organize a binder now. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,I already spoke with Harlan. We need to check with him on Friday. shackleton-s,Please review for accuracy. Thanks. shackleton-s,"Do you have some time on Monday to discuss this project? Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Ed: Looks like Haedicke and Derrick are the sole directors and signers for this deal. Both are in the office today. Can you please prepare a short memo summarizing deal and request for signatures for me to present to them? I am not familiar with either the insurance contract or the credit derivatives. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Carson: Have a good Turkey day! It's pretty morbid here but I'm trying to remain optomistic. I am also going to N.O. and big B.R. Tell Monty to call me soon. shackleton-s,A lawyer should send a termination letter which must be tailored to the specific contract and situation. Give me a call. shackleton-s,I can wait; just didn't want it to slip through the cracks. Thanks. shackleton-s,Dear Mr. Taylor-Brill: I believe that the best direct jet service between Houston and Charlotte is via US AIr. Continental has fewer flights and uses other carriers (unfamiliar to me). For example: USAIR #586 departs Houston at 7:50 am and arrives in Charlotte at 11:10 am [USAIR#1620 departs Houston at 6:30 pm and arrives in Charlotte at 9:46 pm] USAIR #897 departs Charlotte at 5:10 pm and arrives in Houston at 6:59 pm I am certainly open to other options. Please advise if there is anything further that I can do. shackleton-s,"ENA has ITM terminated positions with six bank counterparties (identified below). Settlement is part of the ongoing EGM liquidation. We have an approximate $70 million ITM position with Goldman Sachs Capital Markets, L.P. I have collected all confirms for rate/currency and weather. We need the MTM values and confirm list now because we cannot have PWC validate or pursue negotiations with Goldman. This is the most urgent matter. With respect to the remaining five bank counterparties, I have collected rate/currency confirms. I need nat gas and liquids confirms, MTM values, etc.to proceed. Can you please identify Goldman confirm numbers and MTM values now? PWC will also need. Also, can we establish a priority for the remaining bank counterparties? I know you guys are busy so let's talk soon. Thanks." shackleton-s,"Hey, Deb, how do I say this? Clearly he can never stay at my house. Would you just send an email reply of ""NO""? Your sister," shackleton-s,"fyi - I don't have any idea if this will be routed in accordance with the ""process"" for ENA brokerage agreements Do you care? This is the second such brokerage agreement coming from Gil." shackleton-s,"The most recent list that I have is abased on the 1/30/02 Master Log. Does this incorporate all of the changes that Susan B. had provided you with? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I have an 11 am appointment on Monday and will miss the 11 am trading meeting. I'll check with you later on Monday. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Jane: Jane: I wanted to give you the benefit of some of my thoughts before I considered your Annex A which I would like to compare to the ENA current version. We are currently considering more revisions so your Annex A will help me to think a bit. I have attached a redline of the actual confirm (without Annex A). A couple of thoughts: (1) for purposes of creating a ""template"", I gave a choice for Termination Date (2) I collapsed Payment Date/Invoice because I'm concerned that EJC may forget to send a timely invoice so we need to ensure that there is no issue about whether or not a payment is owed (3) We need to ""fix"" the Floating Price language. I don't know where the reference to ""North Sea, West Africa, Mediterranean"" comes from. I didn't see it in Marketwire and London doesn't use it. Also, the conversion language is vague (i.e., TTM, TTB and TTS are not defined but I suspect they refer to bid/mid/sell? Are they references on the Bank of Tokyo-Mitsubishi, Ltd. screen?). Also, it may be better to create a conversion reference to your Central Bank and not a particular banking institution (you could get caught later dealing with that bank, using the conversion language and then giving the bank an unfair advantage). (4) I didn't see your Schedule 1 guarantee but I assume that it is the normal ENE format. Regarding Annex A, I quickly noticed an issue with the ""TIBOR"" definition (which uses quite a bit of ISDA language) which can be easily fixed with an appropriate ISDA reference. Give me another day or so to comment. Let me know if you'd like to talk. My home number is 713-664-3207 if you'd like to call." shackleton-s,"Yes, shall we meet in my office? or a conference room?" shackleton-s,"Tracy: Let me know what you think. I'll check with a lawyer from the physical power group. Also, we should at a minimum, preserve setoff with respect to ENA's affiliates." shackleton-s,"Vijay: I've been trying to call you for about an hour, but the circuits are all busy. Sometimes it's easier for NY to call out than for us to call NY. I'll be in my office for about an hour before meetings. Also, I am free in the morning. We'll need to recall exactly where we were at the beginning of August. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I just heard from Tom Riggs who indicated that Goldman was still in the process of calculating the Settlement Amount which, together with the affected trades, will be sent to us in the next few weeks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I have a meeting in a few minutes. Can we reschedule for later today or early tomorrow? My cell is 713-705-1823. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Kim: Sounds like you're confused. ENA is requiring two opinions: one from Glendale (inhouse) and another which we are paying for (Glendale's outside counsel) Call me. Please do not forward my messages to Glendale because we are now at cross purposes. There is no need to alarm Glendale about our existing arrangements. shackleton-s,"Stewart: Just wanted to chat quickly about the amendment we're sending to Merced. The major changes are credit related: raising our Threshold to $40million and their's to $8million and giving giving us a ""regulatory out"" for Merced's legal inability to collect rates to cover O&M. Whenever we prepare an amendment, we usually add other document ""upgrades"" (i.e., our form changes). We have made some important changes since 1999. I just wanted to alert you to these so that we don't ""surprise"" your customer. Give me a call if you have a chance. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Angela: What did we decide to do with these two masters? Please let me know. Thanks. shackleton-s,"Lauri: Enron Corp. would like to reexecute the guaranty (everything the same but with proper date) so we will deliver a new guaranty and certificate. We ask that upon receipt, you return the guaranty that you are now holding. Thanks." shackleton-s,Sheila: Please send your usual message on this one as well. There are several written agreements involved. Thanks. shackleton-s,I am available until 3 pm Remaining gas demand letters will be sent today. I have already received a number of queries on the demands sent on Friday. shackleton-s,"no - this should be for FIMAT USA, Inc. right? can you fax their form of guaranty to Clement Abrams and I'll speak with him? I don't think ENE will accept FIMAT's form." shackleton-s,Mark: Can you reassign this? Thanks. shackleton-s,"Brent: I've attached my comments to Kim's new revision. Would you like to change anything? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Sam: This is on the settlement track. Please pull the ISDA, all confirms and any notice letters and put in a binder. RAC should provide the valuation. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Debbie: Are you alright with AIG disclosing transaction terms to a third party as a possible assignee of those trades? If so, David and I can have the confidentiality provisions of the GTC's waived for this purpose and we can proceed. Thanks." shackleton-s,"Rick: I'll try to remind everyone to include your name on new account requests. Sara P.S. Paul represents ""Enron Credit" shackleton-s,"Please cancel my Body Shop membership immediately. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mark: The PLI has a 2-day seminar in Houston on Nov. 5 and 6 which I would like to attend (mega-refresher course for me). The cost is $1295. Although I have been looking for a seminar about equity derivatives, this seminar will be helpful in the context of ENE forwards and other affiliated equity deals from the securities vantage point. Sara Let me know if you would like to see the brochure. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Rhonda: Can you please send me a copy of the power master signed with Allegheny? Thanks very much. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"David: I left Debbie a message to get the scoop (netting issues with CP, etc.)." shackleton-s,"Steven: I made a few changes but I realize this was your ""form"" letter. The ISDA Master is not with the branch. Just give me a call and we can resolve quickly. Thanks very much. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I have reviewed the following documents from CSFBI: (1) Cancellation letter for five (5) swaps (which were never confirmed) (2) Equity Swap on 400,000 shares ENE (3) Two (2) Equity Forwards on 1,025,000 shares and 1,672,000 shares ENE, respectively The forwards contain $40 price triggers which will be adjusted through either an amendment or put. This will be documented after the swap and forwards are signed. Please review the trade details for the swap and forwards, including share caps, floating amounts payable by ENE, spreads, etc. You have an email version of the CSFBI documents. The documents are in the format agreed to with CSFBI on October 2. Let me know if you have any questions. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Has anyone seen this file? It is not in the file cabinet and is not checked out. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tanya: EPMI shows up only twice: Public Utility District No. 1 of Snohomish County United Illuminating Co. Also, you have an entry for ""Enron MW LLC"" as party wtih Peoples Gas Light & Coke Co. Was your list intended to capture any other Enron affiliates other than Enron MW LLC? Are there any other EPMI parties? Thanks." shackleton-s,Tana: Can you get certif. from Deb? shackleton-s,"We have received a settlement offer from U.S. Brick with respect to two financial trades (V48090.1, V48242.1 dated April 20, 2001) on GTC's. CP is disputing previoius invoices and has not yet terminated the trades. Settlement offer is $200,00 per letter dated January 22, 2002. Please advise regarding FMTM, your ""spreadsheet"" and outstanding confirms. Thanks. SS Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I am faxing to you a copy of the Statement submitted by UBS to Enron Corp. reflecting calculation of the Early Termination Amount owed by Enron Corp. and due on Monday, October 29, 2001. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Becky: can you please make an addition: After the the termination value brackets, put a period and add: ""A valuation sheet is attahced."" Thanks." shackleton-s,"Tammy: Thanks for the quick response. Your ""business day"" suggestion is fine. With respect to your second comment, ENA agrees to AAA arbitration in all phases of its physical and financial business. We are not a clearing member of any exchange so we do not seek arbitration before a regulatory board. Hope this helps." shackleton-s,"Laurel: Please call me in the morning. I need to verify: 1. Was this an ENA transaction? 2. What is the actual account number? 3. What happened to the money when it hit the BofA account? I think you said it was swept into a Citibank account. Was this an ENA or ENE account? 4. Where is the money today? Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Jorge: Please read paragraph 2 of the Termination confirmation. It refers to the terminated transaction having ""Reference number 1980816"". The confirmation that you sent to me (for the terminated transaction) has a Reference number 1980815. The termination confirmation is referenced as 1980816. You need to correct paragraph 2 of the Termination confirmation. Then the document can be executed. Please let me know if you have further questions. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"All: Attached is an updated list of items which I show as unresolved or unfinished. Please give the list a quick review and advise of any corrections, additions, deletions, etc. Thanks for your help. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mark: I'm getting calls from different people with AA requesting copies of all ""legally approved"" confirmation templates. I've had requests today from two different people with respect to power and rate/FX. Do we have a formal process for approving templates? Where are the templates kept and how does legal know if they have been changed? Have similar requests been made for other products? There does not seem to be any sort of AA uniform deadline for submitting the templates. I've asked AA to advise you so that we can all be consistent in our responses. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Pat: I never received a response from you. Are you the lawyer available to assist me in this matter? Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Jim: Are you looking solely for Enron Corp. executory contracts? We can identify the Enron Corp. ISDA Master Agreements (which are safe harbor contracts under the Code) as well as securities contracts (also safe harbor contracts). Please be a bit more specific. Thanks. shackleton-s,"I spoke with Barry Taylor-Brill. He is interested in having me meet people in his organization and we will come up with some possible dates. Thanks. P.S. Check out the NY Times today - lots of us lost our deferred compensation at the expense of those ""in the know"". Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"You should show ""Hallwood"" as the terminated party (see Louis's email below). I don't know when the acquisition took place but we would normally hear from Global Contracts about name changes, acquisitions, etc. What exactly do you need? I believe the new entity is ""HEP Pure"" and the termination was effective 12/3/01. You should follow up with Susan Bailey or Blake Estes." shackleton-s,"What is the location? You already accepted the invitation. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tanya and Jay: I need someone to please look into the following trades with various Enron entities (other than ENA) identified by Beth Ng of Morgan and whether these were booked incorrectly or should properly be booked in the names of the following affiliates: Enron Liquids Enron Reserve Acquisition Corp. (oil option) EOTT (I think EOTT documents its financial deals separately) Also, there have been trades for physical settlement, such as, an ""oil forward"" and a ""gas TBP forward"". Maybe Jeff knows the answer to this one. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Becky: Could you please email this agreement to all trading lawyers? (Taylor, Hodge Sager, Aronowitz, Tweed groups?)" shackleton-s,"The check was supposed to be sent to Sheila's attention and Laurel was going to retrieve. Laurel: Has the check been received? If not, would you please follow up with Goldman?" shackleton-s,"I'll be offsite (the Woodlands) Thursday afternoon (10/11) and Friday (10/12). The paralegals will be in the office. My cell number is 713-705-1823. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Thanks. I'll wait to hear from you. shackleton-s,"We need to prepare files for contract review now. Blake, you will need to prepare demand letters." shackleton-s,"Sarah: Per my voice mail, attached is the ""draft"" guaranty for FIMAT (you have a hard copy). I can't remember if I marked any other changes on ;your version that are not in the attachement. I would let FIMAT know that Soc Gen just signed this version (except for the cap) in December, 2000. I have a copy of it in my futures agreement file. If you need any help finding this while I'm out, please call Marie Heard at X 33907. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Susan: Please send the foregoing list to Richard. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Clint: Russ needs to know that the both parties are on the same page as to the commercial terms of the agreement. He'd like to hear from you on that point now. He's art 201-524-2279. shackleton-s,"Marie: Can't find the Bear/ECI file. Did ENE offer up a guaranty for the ECI account? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Brent: I must have been reviewing something from this CP when I sent the message to Tanya. Is Tanya right about having discussed this with you already? I can't remember. shackleton-s,"Darren: I've just reviewed this credit worksheet for a first draft ISDA. Is this the type of counterparty for which a ""regulatory out"" MAC provision is appropriate? I am not familiar with Exelon's business. I know this event was used in some of Tracy's ISDA's with northwest utilities. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Did we ever receive the executed ISDA from MARTA? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Is this a financial derivative? Please advise. Sara -----Original shackleton-s,Stephanie: Here's the infor for Global Contracts. Tana: Stephanie is updating Lotus Notes and verifying the transition. shackleton-s,"Michelle: Per my voice mail, please: (1) review the Master Energy Purchase and Sale Agreement dated March 1, 2000 (Section 4.4(d)) between Allegheny Energy Supply Company LLC and Enron Power Marketing, Inc., as amended, for your previously negotiated setoff language, and (2) please forward a copy of the proposed setoff language to Anthony Wilson so that he can explain what portion of the provision violates Section 6 of PUHCA. I will be available for a call at his (and your) convenience. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Raj: CAVEAT: I never heard back from Tanya about whether the CSFB confirmation would have a carve-out for margining pursuant to the master agreement. Bob was going to send me the format he drafted for the prior CSFB deal but which was never executed so that I could incorporate that language. Tanya may agree to allow this trade to margin under the agreement just like the confirm which terminated 9/12/01. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tanya: FTU has asked to resume negotiations on the ISDA. We originally sent our draft without a Paragraph 13 and FTU wants a Paragraph 13 (similar to the one FTU negotiated with ENA). If you are agreeable to credit, can you please propose a credit worksheet? Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Jay and Tanya: Legal would like to speak with one of you about the ""Chase"" and ""Morgan"" issues surrounding the Master Netting Agreement requests. There seems to be some confusion. I think the Chase request came from credit and the Morgan request came directly from Morgan. The items below summarize what I know about the two different counterparties. (1) At the request of Chase and with Jay's approval, ENA terminated the Morgan Guaranty Trust Company of New York Master Energy Price Swap Agreement. All outstanding trades have been transferred to the April 5, 1994 Interest Rate and Currency Exchange Agreement between The Chase Manhattan Bank and ENA (""the Chase Master). When the merger is complete (anticipated around November 10, 2001), the survivor JP Morgan Chase Bank will be ENA's counterparty under the Chase Master. [See Letter Agreement dated October 24, 2001] (2) The Chase Master has been amended several times, most recently to provide for FX forward trades and resolve multibranch issues. (3) Chase recently agreed that ENA propose a new ISDA Schedule/CSA. Legal has requested a credit worksheet. (4) Among other things, it appears that the Chase Master currently provides for First Method. This has never been amended. (5) The Chase Master is used for FX/rate and commodity trades. On a different note, (5) Morgan Stanley Capital Group, Inc. has signed ""mini-netting"" agreements with ECTRIC. Morgan now wants to sign similar ""mini-netting"" agreements with ERAC and EGLI. I believe that John Viverito is working on these agreements. Morgan is currently satisfied with its status with ENA but would like to see our Master Netting Agreement and may decide to execute. Three outstanding ELFI financial trades will be reconfirmed under ENA and I am waiting for Morgan to forward that documentation. (6) Both ENA and Enron Corp. have been in the process of negotiating ISDA agreements with Morgan Stanley Capital Services, Inc. Nothing has been executed. ECTRIC has an executed ISDA with that entity. (7) The names ""Morgan Stanley & Co., Inc."" and ""Morgan Stanley & Co. International Limited"" also appear in our database but you can check that out if necessary. QUESTION: The Master Netting Agreement assignment list contains the name ""J.P.Morgan"". Legal is waiting for direction from credit for preparation of the JP Morgan Chase Master Netting Agreement. QUESTION: Does credit also want to send a Master Netting Agreement to Morgan? Or should legal merely send Morgan a blank template to see if Morgan has any interest in executing such an agreement? Sorry for the length of this message but the word ""Morgan"" raises all kinds of questions. I hope this explanation helps to identify some of the issues for anyone involved. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Stephanie: Can you please ask Francisco or Anne to handle? Thanks. shackleton-s,Diane: Thanks for your help. Check out the Floating Price language. shackleton-s,David Mitchell is calling me at 3 pm Houston time to discuss the futures agreement (issues). I'm reviewing the financial agreements and the draft master netting now. shackleton-s,"I just wanted to verify that the following parties are out of the money (as of 11/30/01): Compania Minera Autlan Copamex Galvak I was told that these are now in the money to ENA. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"John: Tthanks for the heads-up. What is the full name of this party? Exactly what ""ISDA"" did you leave for them to review (i.e., was this a customized agreement with credit?)? Can I please have a copy in case someone calls me. Thanks." shackleton-s,Rod: I guess this is old news to you. Hope all is well. shackleton-s,Kim: Sorry. I will send the hard copies of the three (3) ELFI confirms that are being restated in the name of Enron North America Corp. The redline below was just to let you know that we are almost agreed as to the format for the confirms. (remember late Friday afternoon I mentioned this?) shackleton-s,"ENA's standard docs require ""negotiation"" of market disruption events with 12 Business Days of the first disruption event (Sept. 11). That final date to negotiate is WEDNESDAY, SEPTEMBER 26. We have final agreements with approximately 25% of our counterparties. Thanks for your help. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Ted/Paul: Could you give me a call on Tuesday morning to discuss? I think Mary Nell will try to call me as well. I just want to determine how Houston can assist. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Marie: I don't know what this is about. Can you recall WHICH Bear guaranty? Did we ever get the ""lost guaranty"" letter? I guess we could use Clem's short form of guaranty amendment and we'll have to verify with credit." shackleton-s,"Thanks. What exchanges do these entries reflect (e.g., NYMEX only?)?" shackleton-s,"Magnus: Thank you for your recent call. I understand from Laurel Adams that we are unable to reconcile the FRA's due to insufficient detail. For those trades, can you please send additional detail such as a fixed rate or trade date? You can contact Laurel directly if you have any questions (713-853-7035)." shackleton-s,"I need to check this file (default notice). thanks Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Maureen: Thanks for the amendment. I have made a change that I hope you will find acceptable. Just give me a call. We will have this executed today and faxed back to you immediately. Thanks for your help. shackleton-s,"Maureen: Am I reading too many documents at once? After receiving your voice mail, I realized the error of my ways. Your amendment is fine as is. I will have this executed. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Sure; I think we can do that now. I thought we might approach it as we organize each file on a counterparty basis but we certainly do not need to wait. However, we will not be able to reconcile trades, etc. until we have the credit review for each counterparty and I expect that this may be a hindrance." shackleton-s,Ed and Rob: the ISDA Schedule markup by Con Ed is attached; the CSA will follow. Ed: Can you resolve credit issues with Triche before the end of next week? I think credit will drive a major part of the agreement. Do you guys want to meet early next week? shackleton-s,Stephanie: Would you please continue to follow up with FIMAT in N.Y. to ensure receipt by us of the orginal guaranty? Thanks. shackleton-s,"Our friend is calling. I refuse to take his calls. When you want to take a break, let's recp on: GS&C (position assignment) CSFB the one you just did (Morgan or Bear, I don't know!) Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Did Dominic Carolan already request that do contract reviews for these two parties? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tom: There is no existing Enron company named ""ECT Europe Investments Inc."". We need the legal name of the company. Also, does that company have existing resolutions for opening brokerage accounts?" shackleton-s,"Clint: I spoke with Mike Collins [203-719-8385 (phone) and 203-719-7031 (fax)] who conrfirmed to me that the cap included the remaining 2.5+million remaining shares. Please return an executed copy of confirm to me. Thanks. sara My assistant Joanne Rozycki has cell, car numbers to reach me. I'll be back on Monday. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"John: Attached is the boilerplate which you requested. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Myra Gary (870-725-3611 EXT. 114) left message that funds wired 3/5/02; they never received the Jan, 02 invoice. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mark: Should we amend the ""Procedures for Entering into Transactions"" in the RMT masters to provide for paperless transactions? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I just received two letters from IR dated 12/6/01 and 2/1/02 which were probably in a black hole somewhere or on Elliot Bonner's desk. IR is terminating Commodity Swap Y810701 and demanding payment from ENA. Kevin, can you please confirm that Y810701 is the only active financial swap between the two parties? If it is not, then we cannot reflect that IR has terminated its swap(s). We will also need Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Alan: We need Ed Smida's help with prioritizing the EGM in-the-money requests from Beth Apollo's group. Beth is only focused on physical gas and power appearing on Don Miller's list. Ed S. can really help me and PWC in bringing a small but discrete number of EGM parties to the top of the list. shackleton-s,Steve: I am told by Justin Boyd in London that he and Anna Fox have been working on this ISDA. Justin's number is 011-44-20-7783-6732. shackleton-s,"Remember your ""Star Gas Propane"" chart? We need this for the above party who would like to settle with. Call when you have a chance. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I'm going to N.O. In case you need anything, my cell number is 713-705-1823. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Donna: A termination notice of the foregoing agreement was sent to your attention. Do you know what this agreement is? Could it be related to Enron Credit Limited (which had a position in Anker paper)? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Sheila: attached is the markup I am preparing to send to FIMAT Canada. Some of the redlining reflects ENA's prior agreement with FIMAT USA, Inc. A few things for you to note and we can chat quickly: (1) Par. 5 - will we agree to a fee schedule now or ""as agreed to from time to time""? (2) Par. 7 - I have requested the interest rate schedule. Alternatively, I have ""borrowed"" language from the FIMAT USA, Inc. agreement. Which do you think is best? (3) Par. 8 - is the reference to CAD50,000 for speculative accounts alright? Or will this be simply a hedge account and that particular language is extraneous? (4) Par. 14 - will you need to object by phone (or is fax sufficient)? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"All: I am trying to resolve a recurring issue in the financial power group. In the past, we have withheld payment for all swaps with the same counterparty terminating during a calendar month until the fifth Business Day after the floating price is determinable at the end of a month. As a practical matter, calculation of the payment of an aggregate of daily transactions would conceivably wait until the last Business Day of the month when a floating price was needed for one or more of the swaps. How do you feel about payment for multiple trades with a party having varying termination dates throughout a given month? Is this a cash flow issue? Do I need to involve someone from Treasury or Settlements? Please let me know. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Frank: Ellen Su is very anxious to begin trading under this master. Can you please provide me with an update? Is there anything I can do to facilitate completion of the master? Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Bryan/Mary: When Sheila left the company, the check had not been received. Laurel is now on ECS, 4th floor, and is checking for receipt of the check." shackleton-s,Frank: Attached is reference to the ITG agreement. There is no file; I added the information to Lotus Notes in order to locate the agreement in the future. shackleton-s,"Clint: I have reviewed the three forwards and two puts. Please verify all economics including notional, pricing, transaction fees, share caps, no. options, trade and expiration dates, etc. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"All: Here's the second tier of counterparties to add to the data retrieval list: (11) Medianews Group, Inc. (12) Macromedia Incorporated (13) British Airways plc (14) Merced Irrigation District (15) Eugene Water & Electric Board (16) Johns Manville INternational, Inc. (17) Public Service Company of Colorado (18) James Hardie Australia Finance Pty Ltd (19) Knight-Ridder, Inc. (20) Airtran Holdings, Inc. Please include Bob, Susan, Samantha and Stephanie on the email for your counterparty analysis since they are compiling the counterparty data books. Please let me know if you have any questions. Thanks." shackleton-s,"Susan, here's my email. I just left Bill another message." shackleton-s,"Barbara: Contact details below. Please propose a form of waiver. I'll talk to credit and ask that you identify trades, assignee, etc. Please call if you have further questions. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Russ: The forwards and puts should be signed and faxed back to Lehman. Please note the template for these trades (with respect to the definition of ""material"") left out the word ""into"". I didn't find it necessary to impede Enron Corp.'s signature; just let Phil know for the next deal. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Sarah: FYI re: FIMAT Canada Inc. I assume you have jury duty. Call when you have a chance. shackleton-s,"Could I please have a redwell for ""Credit Suisse First Boston International""? thx Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Just received a letter dated March 7 - wants to hear from us and settle. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Bryan: I'll call you first thing in the morning. Is Edmund there as well? shackleton-s,"I had a conversation with Ted Murphy and Mary Nell Browning this morning re: ECTRIC and the London process. Ted has generated both an in and out -of-the-money list which he will forward so that Houston can review for counterparty termination accuracy. I think that London can use our newly established processes as a template. Ted and others will participate in the 9:30 a.m. conference call Feb. 6. Tom and Bjorn: Can you provide a Ted with a copy of the ""Star Gas Propane, L.P."" template, or if this has been replaced, a copy of the most recent template? Also, the ""Liquidation of Price Risk Management Book"" template? Alan: Can you provide Ted and Mary Nell with a copy of the decision tree and settlement process flowchart? If the handouts for tomorrow will be ready and incorporate the above, the handouts are all that London will need. Thanks. SS Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Please add ""Rick L. Carson"" to your list of persons to be advised of new account requests. Also, in your request, please include a short synopsis of the product(s) to be traded and why you need this account. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Send our letter to: Russell Martinson Phone: 402-595-7515 Fax: 402-997-8851 Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Lisa: ENA has received a second written request from a financial counterparty (Union Spring Fund Ltd.) for the return of $150,000 cash collateral plus interest. The cash was posted as initial margin on trade date of the swaps. We have confirmed that all trades were terminated as of mid-December, 2001. The counterparty has not sent a ""termination letter"" as there was nothing to terminate, but has sent a letter requesting return of the collateral. Although we may not want to return the cash, aren't we obligated to do so? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Gil: I left you a voice mail earlier. I'm concerned about the definition of ""Specified Transaction"". As drafted, I read this as cross defaulting to all other derivative trades between ENA and BSIL, as well as ENE and BSIL. I don't know if we have any on the books or will enter into any prior to termination of your trades, but the same will be impacted unless you limit the Section 14 definition to your trades only." shackleton-s,"Clint: Please remember to send copies of the executed Lehman puts to me. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Attached are my comments (clean and redline) to the foregoing EOL Amendment. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Jean Pierre: (1) Have you been able to review comments to the FIMAT Canada Futures Agreement? (2) Enron North America Corp. would like to change Paragraph 10 (governing law) of the Give-Up Agreement to New York. Please contact me about both agreements and logistics. shackleton-s,"Annabel: I sent a fax to you regarding the assignment referenced in the attached email on February 2, 2001 and May 30, 2001. I never received a response from you. Please put me in touch with the appropriate person for resolving this assignment issue. Thank you for your attention to this matter. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Sam: Please get on my calendar to discuss maintenance of the log and contract review items. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tracy: Just spoke with Michelle Sternberg. Allegheny does not want to carve out setoff benefit for ENA because it cannot take advantage of the setoff benefit. I told her that we still wanted the provision for ENA and could continue business under the old Merrill ""deemed arrangement"" which has whatever setoff provision we negotiated. She'll speak with Yair." shackleton-s,"Alex: The JEDI II account was opened to liquidate a position in Cypress Energy (around September, 2000). Please let me know if you need further information. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Francisco tells me that all of the Mexican ISDA Master Agreements provide for automatic early termination (as of the day prior to filing). Valuation would have occurred as of Friday, Nov. 30, 2001. The valuation info. that I had (for the parties below) must have come from the commercial people and incorrect." shackleton-s,"The following parties have either tired of speaking with us or would still like to agree to settlement: San Diego Gas & Electric (Not Terminated) RBC SEB Francisco was handling SDG&E; I have been working on the latter two (which were both subject to termination notices). Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Sounds good. I have a few fires but I will call you at 3 (your time) and I have until 2:30. shackleton-s,"I faxed my comments to DB on October 17 since I didn't have an electronic version of the futures agreement. Comments were sent to both Tracey Jordal (legal) and Barbara Russo. If you would like to see the comments, let me know and I'll send a copy down to you. Also, if I need to send the comments to anyone else, just let me know. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Ellen: Did ENA close all positions? How much margin was posted and has it been returned to an ENA account? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Kathryn: The customers appearing on Kim's list have been assigned to various lawyers in the swap group. There are 22 parties on the list and 16 of these parties have ISDA Master Agreements with ENA. We will focus on the ISDA customers first. We will use the template developed by Brent for Entergy-Koch as a basis for the 16 parties. The template will be customized for each of the 16 parties. Brent has a preliminary template underway and it should be further refined by October 19. Using that template, our goal is to produce six (6) new amendments each week. We should finish the ISDA customers in about three weeks (first drafts). The remaining customers have no master agreement in place or an ECT Master Agreement. Those six (6) customers include: Sempra Energy Trading Corp. (old master) Morgan Stanley Capital Group Inc. (old master) Dynegy Marketing and Trade (old master) Ameren Energy (none) American Electric Service Power Corporation (none) PacificCorp Power Marketing Inc. (under negotiation with ECC) The physical power group can coordinate the amendments with the members of the swap group listed above by forwarding drafts to us. Please let me know if you have further questions. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Ellen: Please give me a call about this counterparty. The ISDA Master Agreement is still under negotiation but we can use your help. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"FYI only. I have a deal ticket dated 9/21/01 for a forward on 400,00 shares of ENE stock at $28.2657. I will send the confirm to you upon receipt. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mark: I'll be brief. We received an objection from Nuevo (wants to use Monday, Sept. 10 price). David Andrews (Treasurer) sent the letter and I left him a voice mail. The ENA trader is Bill Berkeland and Bill suggested that Fred handle this customer (since it's Fred's customer). Nuevo neglected to read our ISDA (all standard language) and we actually fall into the ""ENA averages two quotes"" scenario. Fred should try to negotiate this one. I left Fred a voice mail and Bill will contact Fred in the a.m. Kim is aware of this situation. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I have verified that ECI, although a non-debtor entity, must have all proposed dispositions of assets or liquidation of positions approved by Ernst & Young (""E&Y""). Brent Hendry's memo of December 20, 2001 contains the phone/fax numbers for Cindy Ma who is our contact person. Cindy's email address is: cindy.ma@ey.com and her cell phone number is 917-680-7810. Cindy Ma is currently in transit back to New York. Although she doesn't know who I am, I will leave her an email and voice mail detailing who you are and the urgency of your situation. You should do the same by email, voice mail and fax. I suggest a deadline for E&Y to respond to you since I was told in a voice mail from Tony Buggs that any delay whatsoever will frustrate your process for a sale on Friday, December 21. I am not at all familiar with the details of your proposed transaction but I would alert E&Y to the reasons why you need their ""approval"" (for which there is no written procedure) immediately or else your ""value"" evaporates. There is nothing that I can do if E&Y is slow to respond. In that situation, I suppose I would keep calling the E&Y New York office to request immediate attention to your situation. By the way, I was unable to return Tony's message since I received it about 10 minutes ago and it's very late in the U.K. Just copy me in case I receive a call. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Susan: I can't remember whether I asked you to send the proposed Par. 13 to Tanya (or maybe I asked my assistant). Please remind me. Thanks. shackleton-s,"Tom: We would like to use the same format which was agreed to by ENA and CSFB. That agreement was sent for execution on July 6, 2001 and we have never received an executed version. Please feel free to contact Scott Kreuzinger (phone is 617-556-5730 or fax is 617-542-1814) to ensure that ENA has executed docs which can also be duplicated for ECI. Perhaps your contact at CSFB can assist. Scott Kreuzinger was ENA's contact for having docs executed. We have been unable to extract any response from Scott Kreuzinger. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tanya: Enron Corp. wants to transact with FTU. I sent FTU a ""blank"" Paragraph 13 subject to ENA's credit review. Can you give me a call about this one? The FTU lawyer is calling me and already has comments to our draft Paragraph 13. Thanks." shackleton-s,Caroline: I haven't spoken with Frank in several days. You may want to ask Holly (his former assistant) for a number to just say hello. He seems to be doing a little better each day. Can we set up a call later today and I'll try to fill you in as much as I can? There is a developing process and I'll tell you how it is supposed to work. I have a meeting in at 2:30 Houston time so I'll call you in a few minutes or afterwards. shackleton-s,"Jarrod: what is our meeting this afternoon about? Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mark: Can you please reply to (1) below? Also, any ideas for help with brokerage agreements? Thanks." shackleton-s,Good Morning! Can you please print? thanks. shackleton-s,sybil: can we conference you in with Ted and Enron treasury????????? shackleton-s,"Attached is the list which I created when Mark left town on August 31. He sent a rash of emails to me (from Stacy) and I assigned per the list. I had Texaco on my list because he mentioned it to me in a voice mail. If there are any names missing from the list, let me know." shackleton-s,"Dave: Can you give me a status report? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"We need to revise the Master Log to specifically identify ALL of the parties to the Master Netting Agreement between the Dynegy group and the Enron group because all contracts subject to that Master Netting Agreement were terminated effective as of December 20, 2001. This should pick up Dynegy Canada Inc. and ENA pursuant to the Mster Agreement dated as of 6/16/95 and cause our recent default notice to become moot. I have not pulled the Master Netting Agreement today. Let me know if you have any questions. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Carol: Susan and I are available anytime. How about 9 am (since our trading meeting is at 11 am)? shackleton-s,"Can you please give Blake a copy of a phone list? Also, can Blake get security clearance for our email system? He is going to have a security badge in a few days. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Please send me the Transaction referenced in the Termination. Thanks. shackleton-s,"Jonathan: The attached document is governed by English law and subject to SFA rules and regulations. Could you please take a quick look at the SFA provisions and let me know if you have any comments? The SFA references appear in the following paragraphs of the Terms of Business: page 2 - 2.2 page 4 - 4.2 page 5 - 7.3 page 10 - 12.5 page 16 - 5.1 (of Part III) Page 18- 7.9 Also, I'm uncertain of the following: page 13- 1.2 Is this ""best execution"" language alright? page 17- 7.3 Is the ""further assurance"" language appropriate for perfection of a security interest in Collateral (in England)? page 28- Schedule 3 Are these ""LIFFE"" terms fairly standard? Appendix This Appendix contains provisions for documenting CFD's. Can't these be documented under an ISDA? Please let me know if you have any questions. And, thanks for your generous assistance." shackleton-s,"David: Actually, Jeff and I have eliminated the ""agency"" issue. Jeff proposed that ENA transact directly with Cincinnati Gas & Electric Company (the A rated utility)." shackleton-s,"Edmund: I have not received anything from anyone in London or anywhere else regarding positions, etc. I did speak with a Weil bankruptcy lawyer and there were many issues especially with respect to ENA positions (and I don't know where the high value credit positions are booked). They believe that we may have structuring issues working through London and not directly with a purchaser. Can you send the information over here? Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"There is a Weil Gotshal lawyer in your office named Andrew Harting. (currently in a first floor conference room - 30101). He and I just spoke about the Bear situation. He will also assist with the Enron Credit Limited efforts to move ENA and ECI positions to London. Please contact him and bring him up to date. Then let's talk. We just tried to conference you in. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Mary Nell: Mark Ellenberg is the N.Y. Cadwalader lawyer who is assisting Houston on a regular basis (he has an office on our floor and is available through our email system). Mark has asked Michelle Duncan with Cadwalader's U.K. office to contact you to explore the possibility of assisting you with ECTRIC and other trading/bankruptcy issues. I was thinking that the U.S. process for trade termination/evaluation could be replicated in London and a Cadwalader lawyer (with trading experience) could make use of Mark's experience with pre- and post-filing ""Enron"" issues. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Nora: Can you send me a copy of the executed repo between GS&Co. and ENE so that I can log it into my database? Also, if you need the link for ENA's Lotus Notes database, please let me know. We have a section for various types of agreements, including, repos, futures, brokerage, give-ups, custody, etc. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Kim: We are still negotiating the ISDA with Reliant and are booking deals under an old ERMS form of Master Agreement (which will eventually be superceded). Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Of these positions, where the counterparty has not terminated, and there is only FX/rate activity, I find only: Goldman Sachs & Co. Laurel and Clara are reviewing this one - it may be repo activity. I am still trying to clarify what we can be doing for in-the-money terminated positions. We can discuss further at 2:30. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Jorge: The Confirmation which you faxed to me references the attached Exhibit A which is the original confirmation for Transaction 1980816. Please send it to me. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Please verify that the following are all 2-way payments (got to be!): Abitibi Knight-Ridder Macromedia Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Sheila: Please remind me which Enron company this is for. Thanks. shackleton-s,"Steve Kessler (212-469-8202) with DB legal has called to request an ISDA Master Agreement with ECTRIC. Who is the appropriate legal contact in London to initiate this process? DB has an ISDA with ENA. Steve told me that DB also has an ISDA with Enron Credit Limited. Is a master netting arrangement appropriate here? London: Please let me know on Monday which lawyer will handle this ISDA request. Jay: Please let legal know if this arrangement requires a master netting agreement. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Susan: Can you and Stephanie provide me with an update tomorrow afternoon? Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Maggie: I do have comments to this confirm. I have never seen your ISDA Master Agreement (""Master"") so you need to have your lawyer review some portions of it to eliminate the possibility of conflict. (1) Is SunTrust the Calc Agent under your Master? Should they be agent for this deal? (2) Need to upgrade definitions to 2000 Definitions (the 1991 and 1998 Definitions have been superseded!) (3) Are you in agreement with the optional early termination language and all calculations being performed by SunTrust in the manner set out? There is no valuation or payment time/date for this termination or details for giving notice of intent to exercise the termination option. This language is extremely vague but perhaps you do not mind. (4) Do you have existing transactions with SunTrust on your books in addition to this one? (5) Are there any Additional Termination Events under the Master? You don't want to necessarily eliminate such events from occurring. Also, it is not clear to me if this transaction or any other derivative transaction with SunTrust is ""related to the Loan Agreement"" for purposes of giving SunTrust the right to terminate. Is it? (6) Defining an ""event"" as either an ""Event of Default"" or a ""Termination Event"" has different settlement consequences. It looks like you're not concerned as to how SunTrust values terminated Transactions if this deal is ""related"" to the Loan Agreement. I think part 2(d) would be clearer if stated as: ""Additional Termination Event will apply. The following shall constitute an Additional Termination Event with respect to the Counterparty: (cite events (i) and (ii) if accurate) . For the purpose of the foregoing Termination Event, the Affected Party shall be the Counterparty."" This means SunTrust will calculate as if you were in default. Or do you want to calculate at mid? (6) You should delete Par. 2(a). I don't believe you have agreed to do this in the past (but perhaps you do not mind). Your lawyer should review the impact of stating ""This provision shall constitute an additional Agreement for the purpose of Section 4 of the Swap Agreement."" (7) Are the economics of the deal stated correctly? (8) What Transaction(s) are being superseded? Has anything from the initial deal been left out that should be retained?" shackleton-s,"Jean-Pierre: I will email my comments shortly. In the meantime, you were going t eamil an interest rate schedule to me. Also, do you have a fee schedule? Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Sheila: A few points: (1) I've sent a request to London to review the SFA reps and LIFFE provisions; Jonathan Marsh is out of the office until Nov. 5. Jonathan is the regulatory expert. (2) Page 5 - 7.1 (MDL and CLR fees/charges) and 7.2 (direct payment by CLR of MDL costs). Do you already have a fee schedule? Since ECT will be clearing through GSI and MC&Co., should we delete references to CLR? or shoudl we markup the CLR references as if we would be clearing through CLR? I suppose you may decide to clear throug CLR. (3) Page 6 - 7.5 (account debit for fees) (4) Page 11- 15.2. I don't think we would object if CLR had the right to assign to Credit Lyonnais, but does ECT need to right to assign to another entity (without first obtaining consent)? (5) Page 16- 4 and 5.2. Also, will we be settling outside the U.K. per 6.2? I didn't know if this could be an issue. (6) Page 19- 8.1. Have you agreed to alternative interest arrangements? (7) What exchanges will you be trading on through MDL? This terms of business contains a Schedule 3 (LIFFE terms) and 7.3 of that Schedule will apply to all other exchanges per 3.3 on page 3 of the terms of business. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Sheila: Can you please forward Rob Manders' fax number? I don't have an electronic version of the futures agreement to mark so I will need to fax comments. Thanks. shackleton-s,"Sibyl: Did you want me to dupe the Enron Corp. documents, i.e., change signature lines? I have a copy of the Corporate Account Agreement (including the Schedule) but not the Repo. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Did you guys ever touch base with Cindy Ma? I can't answer Ernst & Young questions without knowing what transpired last night. Thanks. Happy Holidays. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"When: Monday, March 11, 2002 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada). Where: 3801a" shackleton-s,"Check my voice mail. Brent and I would like to finalize invoice in the next few hours if possible. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,Sam: (1) I'll be fine. I survived the first round of layoffs today (what luck?). (2)N/A Thanks for thinking of me. Hope you're doing well. My niece wants to go to Emory. shackleton-s,"(1) Received a voice mail from Bill O'Brien (credit manager) of Select Energy at 860-665-2376. He says that payments were previously made on the referenced invoices and he is pulling the data together. He wants to talk on Thursday. Louis, can you call him please? (2) Received a demand letter from Stone Energy Corporation which cites ENA's (i) failure to pay Stone $46,564 under the swap EV3943.1 which will be a default in 2 business days, and (ii) bankruptcy. Stone may later designate an Early Termination Date. Stone will also offset amounts owed by ENA Upstream Company to Stone. Louis: we need to verify the swap payment issue and I'll have a copy of the letter sent to you. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tom: Please forward your requisite email request to Donna Lowry, Rick Carson and Bill Bradford with your request and reasons. This will entail new account application, board resolution and authorized trader list. By the way, the Enron Corp. corporate database does not list a company with the name ""Enron Capital Trade Merchant Investments."" Thanks." shackleton-s,Is FIMAT Canada emailing the form? Sara P.S. I never heard back from Jean-Pierre about our shackleton-s,"Bob and Tanya: ENA received a termination notice dated December 11, 2001 from Tribune of the 8/21/97 ISDA Master Agreement and all outstanding transactions. The Early Termination Date is December 12, 2001. The Tribune claims it owes no payment but is seeking return of $34,000,000 in ""damages."" We need to identify all trades and identify the Settlement Amount for our response to them. Are we holding any margin? Please call to discuss. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Tanya: Just let us know the parties and guaranty cap. I am not familiary with any Carr arrangements other than the ENA futures agreement. Also, do you have a contact at Carr? Thanks." shackleton-s,"Kim: I didn't save the email verison of the ""corrections to published prices"" so I'll state the changes below and you can revise: (1) You will need two different versions: one for GTC's and the other for ISDA confirmations (2) Don't capitalize the word ""party"" in either version (3) Use the capitalized term ""Interest Rate"" for the GTC version (4) Use the capitalized term ""Applicable Rate"" for the ISDA version When I hear back from Kim T., we can finalize the rounding convention for online and offline confirmations. Thanks." shackleton-s,"Alex: The documents look fine. I am having the waiver reviewed by our bankruptcy attorney and I have not yet received a response. The signature blocks will change. The U.S. Enron Entities will require a V.P. signature. The U.K. entity has two directors. I'll touch base with you in the morning. Thanks for your help. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Financial trading is just now gearing up to send these follow-up letters. The few that have been sent have been incorporated into the counterparty files and logged onto the ""Master Letter Log"" which is updated by Stephanie Panus." shackleton-s,at your convenience. I understand entirely. shackleton-s,"Sibyl: We are faxing docs now. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Susan: Please add Bob Hall's name to the daily delivery list for this log. Thanks. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"I am not familiar with Enron Re but on the offset side I'd be concerned about (1) different creditors for ENA and Enron Re and (2) ENA's offset position (with respect to the Creditor's Committee). I am not certain that we have clarified the estate's setoff position. Also, are the receivable and trades related?" shackleton-s,"Susan: I left Merced on your chair. I marked the First Amendment and supplied a cover letter. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Joanne: please set up a short (30 minute) meeting with my group on Tuesday afternoon. Thanks. Sara Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Do not proceed with any action relating to a potential auction of financial trading contracts. You will need to have the process approved internally, with the creditors' committee and by our bankruptcy lawyers. I have copies of ""processes"" which were implemented by the physical power group which you may want to see and use as a template. Mike: the ""teaser letter"" has not been approved by Weil and we will need approvals before we can go forward. Sara Shackleton Enron Wholesale Services 1400 Smith Street, EB3801a Houston, TX 77002 Ph: (713) 853-5620 Fax: (713)" shackleton-s,"Michelle: With respect to your setoff request, we cannot agree to eliminate setoff for your non-regulated affiliates. Perhaps you could provide us with the regulated affiliate(s) for a carve out. I look forward to hearing from you." taylor-m,"Under normal circumstances the Enron Treasury group would invest cash on deposit in something like overnight commercial paper obligations or something like that. Can we let them do that with ERMT's money? Would we need a written authorization to ENE to do that (we don't usually do that for other subsidiaries)? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Fertilizers brochure - final text file 2001 [Cover] FERTILIZERS It's time to manage your price risk. Logo [Spread 1] Managing Price Risk For producers and consumers of ammonia and fertilizers, price volatility is an all-too-familiar cost of doing business. To compete effectively in your industry, you need a way to control the risk created by price volatility. Enron can help with financial price management tools that can smooth earnings, facilitate cash flow management, and bring greater certainty to financing, investment and acquisition decisions. Helping Ammonia and Fertilizer Producers Improve their Business Few industries are more competitive or volatile than ammonia or fertilizers. From the very unstable pricing found in the markets for raw materials to the ebb and flow of market demand for finished products, producers can face enormous challenges in maintaining profit margins and cash flows. Now there's help. For many years, Enron has been helping producers like you neutralize the risk of price volatility both upstream and downstream, using financial price management tools we pioneered more than a decade ago for the energy industry. Because Enron is a major trader of many commodities around the world, we're intimately familiar with the risks you face and are uniquely positioned to help you mitigate them. Enron can also make it easier for you to trade the commodities you buy and sell, using EnronOnline, our Internet-based, global transaction system for commodities that allows you to view real-time prices and transact instantly online. EnronOnline posts bid and offer prices for over 1,500 global commodity products as well as complimentary weather, news and market information. In addition, it allows you to view full contractual terms and available volumes for products. [Spread 2] Finally, we can leverage, in your market, our position as the largest wholesaler of natural gas and electricity in North America. For example, we can structure cross-commodity transactions that link your electricity or natural gas bills to the price of the goods you produce. In this type of transaction, you would pay more for energy when your product prices are high when you can best afford it, and less when your product prices are low and your cash flows are constrained. Helping Ammonia and Fertilizer Consumers Improve their Business The ammonia and fertilizer markets that you depend upon are among the most volatile in the world. Yet your investors and lenders are demanding ever-greater stability in the growth of your company's revenues, earnings and cash-flow. For solutions to this apparent paradox, turn to Enron. As a leading provider of price management services across various industries, we can help you buy the commodities you need more efficiently, hedge the risks associated with their pricing, and, ultimately, lower your cost of capital. Take a few moments to review the alternatives listed here, then spend a few more moments with Enron. We'll review your risk exposure with you and suggest risk-reducing strategies for taking control of your commodity price exposure. [Spread 3] SWAPS Swaps are the most widely used price risk management tool for a variety of reasons, the most common being, no upfront transaction cost. Swaps give companies the ability to effectively switch from one price structure to another - from floating price to fixed or vice versa. They are used most often to fix, or lock in, prices and margins between prices. In exchange for price protection, the ability to capitalize on some beneficial price movements is sacrificed. The typical swap transaction involves the exchange of a fixed price for a variable price tied to an acceptable market index. Settlement is financial - i.e., cash changes hands; physical product does not. Each month during the life of the transaction, the difference between the two prices is calculated and payment is made to the appropriate party. [Spread 4] Swap: Producer example AmmoniaKing, a producer of ammonia, is interested in managing the margin between natural gas feedstock and ammonia during the next six months. The company is concerned that market conditions could deteriorate more than expected and squeeze margins to the point of jeopardizing the annual profit plan. To eliminate this threat, AmmoniaKing enters into a swap with Enron that locks in the spread between natural gas and ammonia at $100/ton on 300,000 tons of ammonia, or 75 percent of monthly production. This margin virtually ensures that the ammonia unit will meet its financial target. [chart 1] DURING THE LIFE OF THE SWAP: ? AmmoniaKing continues to purchase natural gas from suppliers and sell ammonia to customers of its choice, at floating market prices. ? On a monthly basis, AmmoniaKing and Enron exchange payments equal to the difference between the fixed spread of $100/ton and the prevailing floating price spread. ? For example, if the floating spread is $95/ton in a given month, AmmoniaKing will receive $5/ton in a given month on 300,000 tons. However, if the floating spread is $105/ton AmmoniaKing will owe $5/ton to Enron. ? AmmoniaKing has stabilized a portion of its operating margin with the swap, giving the company the ability to achieve a key performance target. [Spread 5] Swap: End-user example FertPro, a manufacturer of a variety of fertilizer products, is preparing its annual price catalog for many of its ammonia-based products. The company's customer base demands the ability to buy the products at the listed catalog price regardless of ammonia feedstock prices. This makes it impossible for FertPro to pass on feedstock price increases no matter what the magnitude. On the other hand, customers don't necessarily expect lower prices if ammonia feedstock prices should fall; they simply want a listed price they can count on. To service its customers while protecting its margins, FertPro enters into a one-year price swap. The swap effectively fixes the price of ammonia at $100/ton on a monthly volume of 10,000 tons, or 75 percent of anticipated monthly catalog sales. [chart 2] DURING THE LIFE OF THE SWAP: ? FertPro continues to purchase ammonia from suppliers of its choice at floating market prices. ? On a monthly basis, FertPro and Enron exchange payments equal to the difference between the swap fixed price of $100/ton and the floating price for ammonia. ? For example, if the floating price for ammonia is $105 in a given month, FertPro will receive $5/ton on 10,000 tons. However, if the floating price is $95/ton FertPro will owe $5/ton to Enron. ? The net effect of combining the swap cash flows with actual purchases of ammonia feedstock is a fixed price of $100/ton. ? The swap enables FertPro to publish and stand behind its listed prices with full confidence that the margin on those sales is largely protected from fluctuating feedstock prices. [Spread 6] CAPS & FLOORS Like Swaps, Caps and Floors provide price protection, but they have the added advantage of providing benefit from favorable price movements. They are commonly thought of as price ""insurance,"" i.e., for a premium you are entitled to full price protection when prices move through a specified level. A price Cap protects against rising prices without sacrificing the advantage of falling prices. Floors are the opposite of Caps; they guard against falling prices while preserving upside price potential. With a Cap or Floor, the full cost of the protection is predefined - it is equal to the premium paid for the Cap or Floor. There are no potential future costs related to price movements. [Spread 7] Cap: End-User example CropFood, a manufacturer of urea, wants to develop business with a prospect that has difficulty passing on price increases, but is expected to pass on decreases without delay. To distinguish itself from competitors, CropFood ensures the prospect that for the next 12 months, CropFood will never ask for a price increase above its very competitive product prices, no matter how high ammonia feedstock prices go. And to sweeten the deal, CropFood agrees to promptly pass on all feedstock price decreases as soon as they are announced, no questions asked. The prospect likes CropFood's straightforward pricing policy and agrees to purchase 1,000 tons of urea per month. In order to honor its pricing promise without putting the company's margins at risk to rising prices, CropFood purchases a one-year price cap on ammonia at $120/ton for 12,000 tons per month. The cost of the cap is $2/ton. [chart 3] DURING THE LIFE OF THE CAP AGREEMENT: ? CropFood continues to buy ammonia from its regular suppliers at market prices. ? Enron receives a $2/ton premium from CropFood for the $120/ton price cap. ? If the market price for ammonia goes above $120/ton in a given month, Enron will pay the difference to CropFood. If prices are less than $120/ton, CropFood enjoys the lower market prices for its feedstock. ? The effective cost of ammonia paid by CropFood is the floating market price up to a maximum of $120/ton plus the $2/ton premium paid for the cap. ? CropFood has, for a known cost of $2/ton captured new business by meeting the customer's price needs without putting the company at risk to ammonia prices in the process. [Spread 8] Floor: Producer example AmmoniaKing, a producer of ammonia, anticipates a plant turnaround starting in three months time and lasting for two months. The company intends to build extra ammonia inventory of 50,000 tons over the next three months to meet sales obligations during the two-month period the plant is taken off-line. There is concern that prices could soften over the two-month turnaround period, squeezing the margin on the excess inventory to be sold during that time. To protect against a sharp price reduction during the turnaround period, AmmoniaKing buys a two-month ammonia price floor today that becomes effective in three months time. The floor price is set at $145 and costs $3/ton. The total premium payable by AmmoniaKing is $150,000 (50,000 tons multiplied by $3/ton). [chart 4] EACH MONTH DURING THE LIFE OF THE PRICE FLOOR: ? AmmoniaKing sells excess ammonia inventory to its customers at prevailing market (floating) prices. ? Enron receives a $3/ton premium from AmmoniaKing for the $145/ton price floor. ? If the floating price for ammonia is greater than the $145/ton floor price, there is no action under the floor contract. The effective price received by AmmoniaKing for its ammonia is the floating market price less the $3/ton premium. ? If the floating price goes below the $145/ton floor price to $140/ton, for example, AmmoniaKing will receive the $5/ton difference from Enron. In this instance, AmmoniaKing effective price for ammonia is $142/ton - the $145/ton floor price less the $3/ton premium. ? In summary, the price floor has established a minimum price of $145/ton with full upside potential at a known cost of $3/ton. [Spread 9] Your sales, profits and cash flows are too important to be left to today's volatile market. Call us today to shield your income statement from price volatility. Working together, we can develop a alternative price protection plans so that you can choose one that makes sense for you and brings value to your organization. To begin exploring your options with Enron, call Doug Friedman, Director of Petrochemicals Risk Management Group, Marc Distefano, or Rob Krotee, at 713-853-5592. [disclaimer] ?2001 Enron Corp. Enron and the Enron logo are registered trademarks and Endless possibilities and EnronOnline are trademarks of Enron Corp. or one of its subsidiaries. [back cover] Logo Endless possibilities.TM 1400 Smith St. Houston, TX 77002-7361" taylor-m,"I spoke with Jamie this morning and explained our concerns (which master to use, given the merger is there a legal need for novation, since these are NY law documents would assignment be more appropriate, what collateral is involved to be transferred) and have since received a message from their lawyer in New York. If they insist on a novation (which is not a commonly used concept in US law), you could certainly help by letting us know if there is anything to which you would object in their draft. I'll let you know if it gets to that. Otherwise I think we're under control." taylor-m,I seem to remember that we talked about you doing Anne's review. I hope it's not just wishful thinking. Here is the form for her. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"Here is one of the EOL - no-more-confirms amendments that the confirm desk is very anxious for us to get in place. Brent, Mary and Francisco have each don one or two already so they may have some insights into how to massage the form. The attached version has already been revised by the physical power and gas folks." taylor-m,Thanks for your note. We're hanging in there. taylor-m,Nobody won on Wednesday so the jackpot is up to $33 million. I'll get us some tickets for tomorrow's drawing. taylor-m,I feel sorry for the people coming across the Atlantic this week. One more reason to thank Amanda for switching our routing! taylor-m,"Yes, I was working with Justin Boyd and Ian Brungs in the legal dept. I think they sent the revisions to Arfan." taylor-m,Thanks for your note. I came through pretty much OK but my garage was flooded and my house turned into a little island there for a few hours. taylor-m,I put your $500 check on your bed. Nice ZERO points this week. Do you not want the $630? I only pulled a 5. Really hurts me. But mathematical I still have a chance. taylor-m,Just wanted to let you know that it doesn't look like I'll be able to make it to NY this weekend as previously planned. I'll let you know if that changes. taylor-m,"A couple of other ideas of things we might ask for (in addition to pulling this without comment from anywhere it is posted and committing to decline any representation against us in these matters): 1. How many (who?) have responded to this? Shouldn't we have the opportunity to clear the conflict? 2. Commit to not give advice on any similar matter without inquiring as to the party on the other side (i.e. no ""no-names"" advice on these issues). Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Now that we have all migrated to Outlook, please be sure to give everyone in the group access to view your calendar. You will need to grant permissions to all group members both in the ""Outlook Today"" box at the top of your folders list and in the ""Calendar"" box. 1. Right click on ""Outlook Today"" at the top of the folders list (if your folders list is not visible, click on ""View"" and then ""Folder List"") 2. Left click on ""Properties"" at the bottom of the list that pops up 3. Left click on the ""Permissions"" tab 4. Add all of the swap group members as ""Reviewers"" to give them read access Repeat the above process but starting on the ""Calendar"" line of your folders list. Once everyone has done this, we will all be able to access each other's calendars by using the File Open menu." taylor-m,We had a group meeting this morning. Pretty interesting! taylor-m,Credit may require additional terms for specific counterparties. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,There have been some ongoing disputes with AEP I think we should look into before cooperating fully. I'll check with Elizabeth Sager and get back to you. taylor-m,"Thanks Sami. It might be a good idea to try and get the ISDA team to spend a little time on non-financial commodities. It's not clear from this summary that they intend to raise energy commodity derivatives as an issue or attempt to achieve parity of legal treatment with bank products. Just so you know, we have run into this kind of blind spot from local participants (who are mostly banks and investment firms) before but the New York ISDA staff is usually willing to help us out." taylor-m,"I have received my WorldCom calling card. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"While I think the law actually works that way, we have avoided putting it in writing so far. The way the web site works, the decision to accept or reject the offer happens almost instantaneously so the question is almost meaningless. The time we care is when the internet slows down or the connection goes down and they don't see that we accepted their offer and then they try to get out. I guess the other question would be how do they withdraw the offer? The website doesn't provide a mechanism for that. If we say it has to be in writing and delivered to the relevant trader, in practice it might not be an issue." taylor-m,"Thanks for your note. I've been thinking about you guys a lot, too. I haven't been back to NYC since I left on the QE2 on 9/4. Every time I heard about the conditions downtown I assumed you would be living in the country. Sorry to hear you had to spend so much time in a hotel. I know what that can be like and it loses any appeal it ever had very quickly. Also sorry to hear about Mrs. B. I hope she is doing better. It has been chaotic and very depressing here -- not that our acquisition deal went through but that we ever got in the position to need the deal to go through in the first place. In fact, when they finally announced it, my primary feeling was one of relief. Things had gotten very bad. Next time we get together I can fill you in on all the details. At least for now I am still employed and my prospects are pretty good under the circumstances. It's nice you have Key West to get away to. You'll have to tell me about the house that you have available but under the circumstances I doubt that I could get away often enough to justify taking on a lease. It would be nice to get away from here now and then though. I was supposed to go to Ft. Lauderdale (did you know Ted was living there now?) a few weeks ago to visit and go to the big boat show there. That trip had to be cancelled in all the confusion around here. I had hoped to be in New York today for a seminar (where I was actually scheduled to speak) but cancelled that also. With luck things will start to get back to normal here soon. I'm really feeling the need for a break (and 4 days in Cincinnati next week don't count) so maybe I can come visit some time in the next couple of months. Tell Don I said Hi." taylor-m,Tom Gros and the Commodity Logic team will be presenting a demo tomorrow of the various modules which go live in the next week or so. The demos are scheduled for 1:30 to 2:30 and 3:00 to 4:00 tomorrow afternoon in EB5C2. Please feel free to attend one of the sessions if you are interested. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"I have taken a quick look at the schedules attached and unfortunately they are not standard ISDA schedules and are not in a form to which we can agree. We can provide ISDA documentation to you tomorrow which would be satisfactory from a legal perspective but it will not be exactly the form attached to their e-mail. We will also need Credit's approval and they rarely approve ISDA masters without any credit provisions. There is an existing ISDA between ENA and an entity called Entergy-Koch Trading, LP which we would be able to use from our side but I don't know if that would work for them. (It's existence might speed the negotiation process for an ISDA since we could pretty much duplicate its terms [except for credit and the additional provisions we require for regulated utilities] for" taylor-m,Can you forward my e-mail? LOVE YOU! taylor-m,We discussed the process of doing away with the confirmations for EnronOnline transactions in our last group meeting. It looks like the most equitable way to staff these is to rotate them among the lawyers like we rotate masters among the paralegals. No one should end up with more than two or three of them that way. Janet Moore is taking a first cut using the form and adding the power-specific provisions and then sending them on to the gas group. The gas group will then forward them to me for us to include any derivatives-specific provisions. taylor-m,"EnronOnline is pleased to announce that it will soon be making available to its users products posted by various non-Enron providers, initially natural gas transportation and storage products. If your company is interested in this new EnronOnline feature, please click the ""yes"" box below as your company's authorization for giving potential product providers your company's name as a prospective counterparty. Not at this time YES By authorized" taylor-m,The project for converting our Lotus Notes database to Oracle is now underway. The technical people need a list of the upgrades we want as soon as possible. Tana will be stopping by within the next few days to solicit your input. Please give this some thought now so that you can be ready with suggestions for her. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,I can get the NETCO document signed but don't know anything about CGNN. Who should I give that to? taylor-m,Can you forward any e-mail to me? I am trying to buy your Auburn ticket. taylor-m,"I just saw the reference to the Gala in the Oct. DW mini calendar. Congrats! I'm already looking forward to it. PS If you're around this weekend, it looks like great sailing weather! Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Under normal circumstances we would not need an Enron Corp. resolution and in fact the Corporate Secretary and Treasury offices can handle moving the money around so we do not propose to do an Enron Corp. Board action unless you folks think it is absolutely necessary. The other resolutions we can get in place easily. I think Notre Dame agreement contains restrictions on what we can do with capital stock of subsidiaries after it is signed -- does that mean we need to issue the Golden Share today? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,I go over the b-plan everyday of my life. I will try to get John to go through 50+ pages and the preso. taylor-m,"Create Limit Order Clicking Submit in the Create Limit Order panel creates an order that will remain in the EnronOnline system until the order is either filled at your specified price or expires after a specified time limit. If, during that time, the price you entered falls between the Enron's Bid and Offer posted on EnronOnline, then EnronOnline [m1] will change [m2] its price to show a new market with a tighter spread that reflects your limit order the price at which you are willing to trade with us*. You can cancel an existing limit order at any time before it is filled by highlighting the order in the Today's Orders screen and clicking Cancel. *Multiple limit orders for the same price will be prioritized by the time of submission. Only limit orders that are between EnronOnline's Bid and Offer prices will create a new EnronOnline market on the Quotes screen. _____ [m1]EnronOnline itself isn't trading so we need to be careful not to give that impression. [m2]This is the key! - we are changing our price, not showing their price." taylor-m,This is the current incarnation of project offline. They are trying to find customers who would like us to set up and operate a version of EOL for them. I think Anne has been the point person for them. It is not related to the back office deal. taylor-m,I was looking through my e-mails for these and couldn't find them. Have you guys already started these? I may have misplaced them. Please coordinate with Sara since I will be out next week. Thanks! Mark Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"Any comments to the letter? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,Hi Kayalyn - Linda asked me to forward this - I'm at my company's office in London. Am unable to call NYC from London - all lines busy. I received your fax and it looks fine. I don't understand the last sentence of section 6.3 because of the cross reference to section 10.3. Please check the cross reference to section 10.3. Thanks. Linda p.s. -- if you can get through you can reach me at: Hotel - 44 (207)491-7282 (phone) 44 (207)491-7281 (fax) Cell phone 44 7881 500 471 Hope everyone is ok - we are watching on CNN. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,I asked for a return date for you of September 12 which is the day I'm coming back. But since I will be going to Houston and you will be going to NYC we won't be traveling together anyway. Would you rather stay an extra day or two? taylor-m,This looks ok to me but I thought I should run it by you first. Any objections? taylor-m,Kay -- please revise your distribution list to remove Mark A Taylor and add me as Mark E Taylor. Thanks! taylor-m,"I just spoke with Tom Hartman of San Joaquin Power. He wants up to 20 HGA NOx ERCS. I told him I would have to check. He wants to move quickly. His number is 832-496-0123. I know we do not have any, but I wanted to see if an arb was possible before we tell him we do not have any." taylor-m,"Does your analysis change if the license is expanded to include both source and object code licenses with the right to the licensee grant sublicenses? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,Marie -- I'm afraid I don't have anything on physical bandwidth at all. It might make sense to check with the lawyers in EBS -- I would suggest you start with Cynthia Harkness and Robbi Rossi. taylor-m,"While I am out next week, you can call on the following lawyers if you need assistance: EnronOnline generally (including ""enhanced limit orders"") - Barbara Gray (x36832) Private e-marketplaces - Anne Koehler (x33488) Commodity Logic and hub issues - Mark Greenberg (x58897) Tana Jones (x33399) may also be able to answer some questions, particularly relating to EnronOnline counterparty approvals, and is pretty good at tracking down the appropriate lawyer if you can't. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,Yes. Louise was concerned that Dynegy was already doing this to manipulate a Canadian index to which we contribute daily volumes/prices. taylor-m,"When: Monday, November 19, 2001 4:00 PM-4:10 PM (GMT-06:00) Central Time (US & Canada). Where: the room" taylor-m,"Commodity Derivatives Mark Taylor, Assistant General Counsel Enron Capital & Trade Resources Corp. I. Documentation Issues A. Cross-defaults ""Specified Transactions"" Keep physical and financial trading separate or tie together? B. Calculation of termination amounts Market Quotation or Loss? C. Adequate Assurance provisions D. Credit considerations Recent price volatility - dramatic swings in exposure E. Documents to be delivered Resolutions may tell you more than you need to know Authorized trader lists are a two edged sword F. Dispute resolution mechanisms Waiver of jury trial, arbitration? G. Confidentiality H. Market Disruption Events De Minimis Trading? Tax disruption? Trading limitation - definition I. Market Disruption Fallbacks Get Commercial Input! Postponement Fallback Reference Price Negotiated Fallback (specify period to negotiate) Dealer quotations No-fault termination? II. Counterparty Issues A. Issues 1. Authority of signer 2. Power of Counterparty 3. Bankruptcy B. Counterparty Types 1. Governmental and Quasi-Governmental Entities a) Municipalities b) Municipally owned utilities c) Crown corporations (Canada) 2. Regulated Entities a) Utilities C. Solutions 1. Documentation Additional representations and warranties ""Incipient Illegality"" Automatic early termination? 2. Due diligence 3. Legal opinions, advice of local counsel 4. Resolutions, officers' certificates III. International Trading A. Choosing Local Counsel B. Local Law Issues 1. Capacity & authority 2. Credit support matters 3. Exchange controls 4. Licenses 5. Choice of law, enforcement of judgements & arbitral awards 6. Sovereign immunity 7. Gaming statutes 8. Marketing restrictions 9. Tax matters a) Withholding b) Value-added c) Stamp d) Turnover 10. Insolvency - netting 11. Oral contracts 12. Setoff 13." taylor-m,I have your travelers Checks. Are you mobile yet? taylor-m,"In case you need to tell people how to reach you on the boat: The ship's phone number is 323-208-910 or 920. The fax is 323-208-924 or 911. These numbers must be preceded by the correct ""Ocean Code."" From 9/4 to 9/6 the full number to dial is 011-874-323-208-910 (using the Atlantic West code). From 9/7 to 9/9 it will be 011-871-323-208-910 (using the Atlantic East code). I'm told that if you dial the wrong code you'll get a recording telling you which code to use. It is also possible to call person-to-person by calling the local operator and asking for the INMARSAT operator. You will need to give the INMARSAT operator the name of the ship, the guest's name and the closest land position. Apparently it will also be possible to send and receive e-mails but the procedure remains unclear. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,Joel: Thanks for your note back. Unfortunately I don't get into town until quite late on Friday evening so Saturday and Sunday are the only days I can make it. Do you know yet where you'll be located? taylor-m,"Sara: I also received a message form an AA person asking for rate/FX templates. I know we are supposed to come up with a set of approved templates but we don't yet have a process in place. I thought we had until next year sometime. My guess is that the most current source is the work you did a couple of years ago on confirms. Scary, hunh?" taylor-m,"I think he looked at the preso and maybe 25% of the b-plan. We did not talk about it, yet. He said it looked good, but he got bored so he stopped reading. He may be waiting for you to come back in town to discuss. I told him you would be back Monday. That is the latest." taylor-m,"Louise and John have asked for execution copies of all the Swapco documents. All I need for the Services Agreement is the Fee Schedule. Any progress on the License? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,I may not be able to get there today - can we do the credit card by phone? Since I bid on several items - can you tell me how much you need? taylor-m,I am doing her thing on Saturday in the middle of nowhere Texas. Kind of a compromise. My thing Thursday. John told me to take off as early as I want tomorrow for the drive. So I think I shall. I called my boy at San Joaquin. taylor-m,Is it possible to restrict delete ability? We need to have a lot of people with write access but they don't all need to be able to delete entire records. taylor-m,Here is the language for the risk control slide. Sorry I can't send it to you as a slide but what they sent me was actually 31 slides that Ken and I've distilled down to one. Enron Risk Assessment and Control (RAC) Market Risk Management Policy approved by Board of Directors Trading Limits Value at Risk daily reports -- stress testing Application of Extreme Value Theory Credit Risk Management Counterparty credit exposure aggregation and management Counterparty Value at Risk models Segregation of Duties; Independence of RAC optimizes focus on risk identification and performance taylor-m,"Veronica, The lease automatically converts to a month-to-month lease at the beginning of August at the same rent. That means that from then on either one of us can cancel with 30 days notice to the other if they want to. That's ok with me if it works for you." taylor-m,He mailed them out. Did you not get them. I am leading the league in fantasy. No worries. taylor-m,"I have tentatively booked us on the QE2 sailing from Southampton at 5pm on August 29, arriving New York at 7:30am on September 4. You and Amanda have a Caronia class cabin at $2045.32 per person, including air from New York to London (with a business class upgrade on Continental). I have a single in the same class (so we eat in the same restaurant). My plan would be to fly over on Sunday evening - the 26th - since I have to be in Ohio that morning. With that in mind I have also booked jr. suites for us at ""41"" the all-inclusive London hotel near Buckingham Palace that I've mentioned to you before. They are at 275 GBP per night (2 nights). Of course, if you guys wanted to go earlier to spend more time in London, I am sure that would be possible. The difficulty is that Amanda has indicated an interest in staying in Europe longer - certainly understandable. Her preference would be to go over on the boat leaving NY on September 5, arriving in Southampton Sept. 10 and then stay in Europe for a few weeks. That doesn't work quite as well for me because I only have 6 vacation days left and on that routing I get one less day in London - i.e. we get off the boat on Monday morning and I have to fly back Tuesday morning. On the other hand, we wouldn't be jet lagged on arrival in London! They will hold the reservation until tomorrow. What's your preference? Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,"David, Thanks for your note. Glad to hear you and yours are well. We docked in Southampton on Monday morning so I was already in our London office on Tuesday and just back from lunch when the news started coming through. I was traveling with a couple of friends from NYC (Amanda McGovern, Noble Black's UVA classmate, and Linda Hayman, her mom and a friend of mine from my Skadden days) so it was rather tense for a while as we tried to find their friends but everyone came through pretty well. Our return had been scheduled for Wednesday of that week so of course we were stranded in London but made it back Sunday. Not that we were having much fun, but there were worse places to be stranded. I felt bad for the QE2 passengers on their way from Southampton to NYC. They would have gotten the news on their first day at sea and had to spend what should have been a pleasant cruise thinking about events and worrying. I've heard good things from both Anne and Brad about your meeting here in Houston. Thanks for getting into that. It sounds like exactly what we needed. I have been talking to Barbara and she will check with Frank concerning the letter. I'll look forward to chatting sometime soon so I can hear what's been happening with you and how you are coping. Hope it is all going as smoothly as possible. Linda tells me that New York is a changed place -- nearly empty evenings and weekends." taylor-m,"Duke University football practice was delayed for two hours yesterday in the midst of what was an anthrax scare. One of the players, while on his way to the locker room, happened to look down and notice a unknown white powdery substance on the practice field. Third-year Blue Devils head coach Carl Franks immediately suspended practice while the FBI was called in to investigate. After a complete field analysis, the FBI determined that the white substance unknown to the players was the goal line. Practice was resumed when FBI special agents decided that the Blue Devils, winless in their last 22 games, would not be likely to encounter the substance ever, ever again. Jason Morrow Arlington, Va." taylor-m,"Thanks Vela. My office address is fine. Just so you know ahead of time what some of my questions will be: 1. I'm a little concerned about the safety of in-mast furling systems generally. What happens if it jams in a blow? 2. Are the heads both electric? Will they operate manually if you lose power? 3. The boat seems remarkably well equipped. What sorts of additional items are usual to purchase before she's ready to cruise? 4. How do U.S. owners deal with the voltage issues and electrical repairs and replacements? 5. Finally, and I suppose of least importance, I'm not thrilled with the teak-look deck or the blue cabin sole. Any hope of a manufacturing change? Thanks again and I'm looking forward to seeing you in Ft. Lauderdale!" taylor-m,"To the extent you need my authorization or approval regarding the trading database, you've got it. If you have any questions, Tana can probably help." taylor-m,Sorry for any confusion. You can use either mark.taylor or mark.e.taylor@enron.com for my e-mails. mtaylor@enron.com actually belongs to a colleague named Mitch Taylor so I don't know how it got to williard.com -- or where all those messages you've been sending ended up! All very confusing. taylor-m,I understand. I am not the one holding you up. I printed out both documents for him to read. John doesn't take commands from me. I will make any revisions he has made on his printed copies tomorrow. taylor-m,I have the pager with me but don't know if it's working. Would you mind sending a test message? Did you set up a lunch for me for tomorrow with David Mitchell? It isn't on my calendar - or at least not the calendar I can access from the road. Hope you had a good weekend! taylor-m,"Example 1 Party A calculates that it is in the money $100 (which results in a ""Loss"" to Party A from the termination) Party B calculates that it is out of the money $98 (which results in a ""Gain"" to Party B from the termination) There are no Unpaid Amounts The Payment Amount is 50 percent of ($100 + $98) = $99 Since the Payment Amount is positive Party B (the Party with the net Gain) pays $99 to Party A (the party with the net Loss) Example 2 Same as example 1 except Party A owes $150 in Unpaid Amounts to Party B and Party B owes Party A $12 in Unpaid Amounts The Payment Amount is (a) 50 percent of ($100 + $98) plus (b) $12 minus (c) $150 = negative $39 Since the Payment Amount is negative Party A (the party with the net Loss) pays $39 to Party B (the party with the net Gain) Let me know if you need any further explanation. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,"John, I got a six hour drive tomorrow, so I was thinking of taking a half day, so I can spend a little more time with my mom. Any objections? Your emissions" taylor-m,Let's plan on it. My only question is whether I'll be able to come on Friday eve. or have to wait until Sat. a.m. Do you have plans that would make one day better than the other? I have a 4:00 flight back to Houston on Sunday afternoon and will be able to get a rent car at the Newark airport so you won't have to worry about transport for me. taylor-m,"Please remember to get your work report updates to me by the end of the day. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Trevor, This e-mail is attempting to answer the request made by you and Scott a few weeks ago. Attached are my projected balance for 2004 NOx SIP CALL. It is based on numbers from EEA (environment consultants), EPA website, NOx SIP Call model, and new generation database. The confidence level for overall balance is not that high. The OTR states only need to reduce 15% from 2001 to 2003 to be in compliance. They have some SCRs already built and the plans for the other SCRs needed. The non-OTR states are far more dirty than the OTR states. The big question mark is the cost of technology that will be available for the 2004 states. I believe that there will be a demand for allowances. I believe the NOx SIP Call market to be a short at this point. People think it is worse than it really is. Also, I can make a price forecast. The confidence level would be low on the price forecast. What else do you want here? Mike" taylor-m,"How can I tell if someone outside Enron is still using an old address? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Thanks for the note. I suggest you check with the airline or on the internet if you have access (www.trip.com has a great flight tracker that shows more than the airlines tell you) before you leave for the airport. Since I'll have to check luggage, you can pretty safely assume it'll be 20 - 30 min. after the plane lands before I can hope to be at the curb." taylor-m,"Sounds like a plan to me. Make sure they've given her an actual seat assignment or she may show up at the airport and get bumped. You might try these: In Sedona: Enchantment Resort (I recommend hiking!, jeep tours, spa) In Scottsdale/Phoenix: Four Seasons Resort Scottsdale at Troon North (haven't been but it gets good reviews) The Phoenician (huge rooms, great spa, mother-of-pearl lined swimming pool) The Boulders (also highly rated) At the Canyon El Tovar Hotel (reportedly the nicest hotel in the park, not necessarily up to Hayman standards but might work for a night) In Tucson (pretty far from the Grand Canyon): The Lodge at Ventanna" taylor-m,"FYI . . . Below is written by our environmental consultant EEA >> Based on the preliminary emissions data for 2001 just released, the allowance surplus for this year is 23,189 tons bringing the total bank at the end of the year to 83,778 tons. This would mean a flow control value of 0.26 or a discount factor of 0.63 for 2002. The exact flow control/discount values cannot be calculated right now because they will depend on how many banked allowances are used for compliance this year and also on the implementation of the Maryland consent decree which the state and EPA probably wont figure out until next year. But we are pretty much in that range." taylor-m,"I'm going to be up near Kingston on Labor Day weekend. Just wondered if you were going to be open and if you rent sailboats by the hour, either bareboat or skippered. Mark Taylor" taylor-m,Your reservations went through on the card you wanted. I asked for 9/12 as your return date and 9/26 as Amanda's. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,Brad Richter and Jay Webb are now in charge at EnronOnline. Brad is responsible for the commercial side of things and Jay handles operations. taylor-m,"Requirements for Electronic Trading Facilities for Exempt Commodities Transactions must be principal to principal (no brokers) Parties must be Eligible Commercial Entities Same as Eligible Contract Participants ($10 mil. total assets or $1 mil. net worth) except: Must: have demonstrable ability to make or take delivery of the underlying commodity, or incur risks, in addition to price risk, related to the commodity, or be a dealer May not be a(n): investment company commodity pool employee benefit plan individual The facility must: Register with the CFTC giving: Name, address, person to receive notices Commodity categories to be traded Certifications that: Executives meet certain qualifications The facility will comply with exemption conditions The facility will notify the CFTC of any changes in information provided Identity of any clearing organizations to be used Give the CFTC access to trading protocols and electronic access to the system Provide reports to the CFTC regarding executed transactions as requested by the CFTC Maintain records of all transactions and participants for 5 years and give the CFTC access to the records Publicly disseminate price, trading volume and other trading data as required by the CFTC On special request, deliver to the CFTC such other information as it may request Transactions on such facilities are subject to the anti-fraud and anti-market manipulation jurisdiction of the" taylor-m,Will you guys be around the first weekend in August? I have to be in nyc the 1st & 2nd on business - thought I'd check and see what you were up to. Mark Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"Would one of you please give me a call in my office. I can't get through on Stuart's cell. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,Richard -- Has Credit done a review for AAA yet? We will need their input before we can evaluate the form. taylor-m,"Dale - I know you are getting frustrated with the delay on counterparty approvals. We have asked Stephanie Panus, one of the other paralegals in the group, to get started on this process and hope that that will speed things along. Tana is in the process of showing her the ropes and I am hopeful that they will make significant progress by the end of the week." taylor-m,Just to keep up good relations. I told him we would get back with him. Please let me know if you do not call him. taylor-m,After a two and a half hour delay -- mostly caused by the extra security -- we finally got off the ground yesterday and I am now back in Houston. I talked to Amanda after I checked in and she said you were on the train to the airport. Did you have any trouble? Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,This came from the EOL info web site as it is. Maybe the PowerPoint experts can go there to get a better version? taylor-m,"I'm still concerned about the terms ""price"" and ""quotation."" My understanding was that ""Worldscale"" is not a number denominated in a currency but rather a percentage number which can be used with reference to a currency denominated figure to calculate a price. That is what it looks like in the Baltic Exchange Limited publication. I haven't seen the IITRA publication so can't comment on how their quotations are denominated. The problem is that in the first paragraph of the long description, the Floating Price is defined to be the Index. Therefore the Index must be a currency denominated number. That is why in the US version I used the average of the prices ""calculated using the Worldscale Assessments."" Do I have this all wrong?" taylor-m,"I honestly have never heard of either of those companies so don't know how to get them signed. I expect these are part of other efforts where I am not on the ""need to know"" list. If you know another Enron lawyer involved in those efforts I suggest you try them." taylor-m,Sure - just send me the numbers -- or maybe a website or two. We run the risk that when you show up it's a crappy boat but then we'll know better the next time. taylor-m,I was under the impression that no confirmations were sent by e-mail. All of our derivatives transactions are confirmed by fax and the vast majority of physical commodity transactions are as well. There are a very few which are not confirmed at all but I don't know of any that involve e-mail. taylor-m,"I have spoken with Ron Carletta at the CFTC and explained our position - that is that as far as we know the LJM entities have only engaged in exempt transactions and are not required to register as CPO's. He has my name and number if he has any further questions. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,Could one of you please take a look at the red-lined language in the attachment and let me know if it is ok to approve it. Thanks! taylor-m,You can confirm that it is not regulated and send a copy of cert. of incorp. which Deb Korkmas should have if Tana taylor-m,"If you need to reach me this weekend, I will be at my parent's home in Cincinnati: (513)541-8649. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Stacey, Mark H. and I met this afternoon to discuss the December conference agenda and have the following suggestions: 1. Review of California Energy Litigation -- (Mark H. would be good for this one. If he can't make it, we can probably find a substitute.) 2. German Energy Markets 3. Convergence of Commodity Trading Forms There were also a couple of topics included on the Houston agenda this year that might also be appropriate: Christophe's panel discussion on new markets E-commerce panel I have also copied several of the lawyers in our London office who are active in the derivatives and commodity trading world to solicit their suggestions for appropriate topics to be added to the agenda." taylor-m,"I hope all of your loved ones and friends are OK. I'm obviously not able to get back to Houston today as originally planned. Continental has me booked on a flight on Sunday -- assuming they're back up to full schedule by then -- so I plan to be back in the office on Monday morning. I will continue to work from the London office and you can reach me at 011-44-207-783-6468 at the office (but I can't get voicemail here) or on the cell phone 011-44-7881-512-535 (where I am able to check messages). I will also be checking voicemail in Houston from time to time. I know it's hard to think about work issues much less concentrate, but it seems to me we need to start thinking about market disruption issues right away. The NYMEX is the obvious issue and we need to find out which counterparties have affected transactions (such as using average of the entire month of NYMEX prices) and then review the relevant documentation. With any luck there won't be many. We also need to be alert to other price sources that might fail to publish. I'll be in touch. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,"Thanks for your message. Is there a number where I can call you? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Sorry for the delay. I will be out of town most of this week but could set up a time to talk on the phone if that works for you either Thursday afternoon or Friday morning. Otherwise, how about Monday August 6 at 10:00, 2:00 or 3:00?" taylor-m,"Sorry Joe, I haven't seen this one. Have you tried Elizabeth?" taylor-m,I spoke with Joe Collins (see below) this morning. They are definitely thinking about the Commodity Exchange Act implications. They don't know exactly who the customers will be or what products will be offered but have several ideas concerning how to avoid the CEA pitfalls -- maybe even including seeking no-action relief from the CFTC. I gave him your name as someone he might hear from in the future concerning the transaction. taylor-m,how far is your dad's family house? Is that the one that likes me? taylor-m,"Yeah, 3-2 most probably. One of his lines was a little out of wack. Maybe 4-1 if you got that bet off. Derek, said his computer at home would not pull it up." taylor-m,"I think there is a real possibility here. It would be extremely challenging commercially. How do we convince customers to participate? Two distinct areas: (i) Existing portfolio of business and (ii) New business. New business is easier in one sense since everything is at the money, who would say no to a AAA credit? Still requires significant amendment to existing trading documentation and where existing trades are present, separating them out as not netting with new trades. Existing business is easy for counterparties who are already in the money -- they will want the improved credit. But how do we convince the out of the money side of the equation to participate? This seem to me to be the biggest hurdle. Issues: Requires consent of customers and significant amendment of existing contracts. Adequate incentive for customers currently out of the money to participate? Might make more sense where no current positions exist. Contract hurdles: Need to allow for termination by defaulting party so Enron (VMAC) will be able to control termination on default. Need the consent of counterparty to assign contract to VMAC. May require changing permitted credit support from counterparties (letters of credit probably don't work). If we are attempting to put an existing book of business into the structure, an initial chunk of money will have to be given to VMAC to secure the existing out of the money side of the portfolio - how much is it and do we have that money? It's not clear how the proposal allows for credit lines to and from counterparties. That is, if we have given an aggregate $200 million credit line to out of the money counterparties and have only been given an aggregate $100 million credit line to in the money counterparties, will VMAC be satisfied with the mismatch. Will we continue to control the amount of credit we give to customers? If we go to 100% collateral requirements for all participating transactions, this is solved since there can't be a mismatch. (Will customers agree to 100% collateral requirements - i.e. no credit lines?) Once the supported/participating portfolio is out of the money, Enron will have to post collateral to VMAC. If we fail, VMAC can default all participating/supported contracts. When all of the contracts are terminated with Enron as the defaulting party, the payments to and from counterparties are calculated on their side of the market. Presumably VMAC will require some cushion to cover this." taylor-m,"Thanks Stuart, I'll add it in. Two other questions -- should the performance of the services be delayed until requested at a later date (there isn't much need for it today) and what do we do about the fees?" taylor-m,Do I assume correctly that dinner is at home in NJ rather than at home in NY? Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,Hope you had a good vacation. Thanks for forwarding all of my mail. Now that I've been migrated to Outlook it may actually get worse instead of better. My assistant is trying to see if there isn't something the IT people can do. taylor-m,Thanks for the note -- not to worry about the music. I didn't have the necessary plug-in to play it and it wouldn't have been too loud anyway. Thanks for the thought. It's been pretty rough but the merger announcement should calm things a bunch. taylor-m,"We're almost there on the new PA language, just a little tweaking left to do. I'm doing reviews all day today so won't be able to get it to you until Monday. I agree with your comment on the Pop - up language - probably something to the effect of ""Not at this" taylor-m,"When: Friday, August 31, 2001 11:00 AM-12:00 PM (GMT-06:00) Central Time (US & Canada). Where: EB3892" taylor-m,"Regarding the need for the RMT confirms, I have always thought this was really a tax issue and that for audit purposes they were needed. If that is not the case, I don't object to doing away with them altogether. We have approved doing away with confirms for EOL trades on a counterparty by counterparty basis. We haven't actually gotten there with anyone yet, having just started the actual discussions this week. Our plan was to negotiate an written agreement with each affected counterparty to amend the master agreements where appropriate. Initially we are only working on physical power, physical natural gas and derivatives transactions (other than weather). The idea is that a lawyer from each affected group would be involved to insure that all of the bases are properly covered. This will obviously be a very time-consuming and laborious process. The initial list of 10 or 15 counterparties to approach was selected by the back office people. Our conclusion that this was even possible was based only on Texas and New York law analysis. If any Canadian deals are at issue, we will need to get you involved both for the analysis and the negotiations. Hope this is helpful. Let me know if it makes sense to you. Mark P.S. -- Please be careful when sending e-mails to me. There are two Mark Taylors and we're hard to tell apart. The other guy has his middle initial (""A"") in some of the lists and sometimes there is a globe next to his name, but not mine. My name usually has my phone number next to it. We're trying to get the IT people to do something to better distinguish us." taylor-m,Bob -- Here is our first draft of the pop-up box language. Please circulate among the appropriate members of your group and let Barbara or me know if you have any comments. Language for the revised Password Application will follow. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,That's fine with me - I've booked it. Just let me know if you need to change the time. taylor-m,I ma leaving for the evening but was hoping we might get together for a bit tomorrow some time to go over where things stand on Swapco and what needs to be done. Can you leave a voice mail for me on 713-853-7459 letting me know what your schedule is like for tomorrow and when would work best for you? taylor-m,"He is looking at it right now. Oh, by the way, we had a group meeting this morning with George." taylor-m,"Can you help Bryant with this? Mary and Sara are both out tomorrow, Brent is supposed to get the form for the Commodity Logic matters finished and Francisco can't really take anything new until Monday. I don't think Anne and Barbara have enough ISDA experience to look at somebody else's paper quickly. If you are swamped, maybe you can get this started (I doubt if they even have credit approval yet) and somebody else can take it over next week." taylor-m,"I hope this isn't too late. If you need to reach me, I'm in the London office today and tomorrow. I think the correct approach is to revise the functionality and add a line or two to the description of how limit orders work, an answer in the FAQ section, a line for the 'Failed Transaction' screen and a script for the help desk. I'm thinking of something to the effect of: Once a limit order has been placed by a counterparty, that counterparty will not be able to complete a transaction with Enron in that product on the other side of the market at the price specified in the limit order. For example, if a counterparty enters a limit order to sell to Enron at price x, that counterparty may not buy from Enron at price x while the limit order is active. Note that this needs to be done on a counterparty basis, not at the sub user level. That needs to be clear from the language we use so I have avoided the chattier 'you' and used counterparty. The 'Failed Transaction' screen could show the failure reason as: 'Your company has an active limit order in effect at the price at which you attempted to transact. The limit order system does not allow you to transact with Enron on both sides of the market at the same price simultaneously.' If you want to keep it short, the second sentence is optional as long as the necessary descriptive language appears somewhere on the web site. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,"Here is the revised performance evaluation for Cheryl. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,Thanks Mark. I'm not sure who Kim Humbarger is but the topic is at least familiar. I'll get in touch with her. taylor-m,We do know which companies use the system. I don't know if that information is stored in a searchable format but there is definitely a customer database that has profiles stored for each customer and determines what they have access to on the system. My guess is that the only way to answer the question is for someone to sit down with the list of all customers and try and figure out which ones are utilities -- a less than perfect process but one that would give you a ballpark number. taylor-m,"I will be out of the office until September 13. I can be reached as follows: Saturday, 9/1 through Tuesday, 9/4 in New York My cell phone (713)206-8080 or leave a message here at x37459 Tuesday evening, 9/4 through Sunday, 9/9 I will be at sea From 9/4 to 9/6 the full number to dial is 011-874-323-208-910 From 9/7 to 9/9 it will be 011-871-323-208-910 In either case substitute 924 for the last three digits for faxes Monday, 9/10 and Tuesday, 9/11 in London Hotel - 44 (207)491-7282 (phone) 44 (207)491-7281 (fax) Cell phone 44 7881 512 535 Office - check with Tracy Foy (Mark Evans's assistant) on 44 (207)783-7374 or leave a message on my voice mail here On Wednesday, 9/12 I will be traveling back to the U.S. If you have any difficulty reaching me, please contact my assistant, Holly Keiser at (713)345-7893. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,I made it back to Houston last night. Incredible security at the airport in London -- it was a mob scene. In addition to the usual stuff there was an additional search of all carry-ons by hand at the gate and all passengers were patted down by a guard before entering the gate. I saw several passengers questioned on the plane about their checked luggage -- I couldn't really hear what it was all about. We were delayed about two and a half hours but it made it feel a little safer. The Brits were all very nice of course but it sure is good to be home. taylor-m,What about Noble? Has he moved into his new place in midtown yet? taylor-m,"Here is the first of the no-more-confirms agreements. Power and Gas have already made their changes to the form so now it's our turn. Sara, Mary and Francisco also have counterparties they are working on." taylor-m,I got your note and relayed it to Linda. Our prayers are with you. taylor-m,"Not much said about our group, except he has a direct line to Walley and has spoken with Dynegy. He feels like they are excited to get us and that they mentioned ""that they are good at being number 2."" He also mentioned a few companies have asked if the coal group was for sale as a whole. He listened but told them no thanks. Sounds like a few small changes in our group but nothing drastic. George did say we have working capital (we didn't for 2 days). Not sure if that means coal or coal and emissions. Didn't specify what groups will be hit the hardest, he only said EGM and EIM. Oh, by the way my job offers are pouring as well. To many to count!!!!! It is hard to do work with all the head hunters calling him every hour. Oh wait, just kidding!" taylor-m,"Yes, assuming I get home before the office closes. I am feeling good as well. I will move up a few spots this week." taylor-m,Thanks - I have it. Do you remember how I'm supposed to check for messages on it? taylor-m,GEA Rainey is located in OK. There are no emission trading programs in OK. taylor-m,"My flight doesn't get in until 10:30 or so on Friday night. Not sure what we can still do for food at that hour. Do people eat late in Ft. Lauderdale? In case you're still looking for food ideas, I found these that looked interesting: Bistro Mezzaluna Armadillo Cafe (Davie) Left Bank Hobo's Fish Joint (Coral Springs) Darrel & Olivers Cafe Maxx (Pompano Beach) Not sure but I think the first two may be reasonably close to the airport, the next one in Fort Lauderdale but have no idea where the last two are. All get good marks in Zagats. Look them up at zagats.com and see what you think. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,Holly - Please print these out for me. I need to mark them up and send back to Kal. taylor-m,"In light of the recent tragedy, the EnronOnline team is showing support by participating in a Bowl-A-Thon on Friday, September 28th. Funds raised will benefit either the New York Police and Fire Fighter's Widows' and Children's Fund or for the Cantor Fitzgerald Relief Fund- http://www.cantorusa.com/index.php (eSpeed and TradeSpark). If you'd like to sponsor a bowler, please see the names on the attached spreadsheet and call one of them to sponsor them. Please make checks payable directly to the charity. This way, they can get Community Relations to match them. If you have any questions, please call Kelly Heuertz at x 54624. Thanks Mark" taylor-m,"I didn't want to talk price with him. He saw our ERCs (that we just sold for $15,000) on website and called Kevin's line. I was told to pick up the phone. I told him somebody would call him back. Either you or I would if you didn't want to call him. He wanted to move fast, and he mentioned he used brokers in the past. If none are out, I think we should call and tell him." taylor-m,"No If so, when? From (MM/DD/YY): To (MM/DD/YY):" taylor-m,"One more thing we need to consider is office space. Can I just add that in as a ""service""?" taylor-m,"Trevor, the only change I made was in 1.6. I put my changes in red. This is almost exact wording from the TNRCC website. Everything else concerning the transfer looked good." taylor-m,Anne Koehler is probably the best person to talk to. She has indicated she will have some time in the morning. taylor-m,I have a friend who is an allergist but I'm not sure he's any good. If nobody else comes up with a suggestion I will be happy to give you his name. taylor-m,"Mary or Lisa, How does the agreement with EEA work? Do we pay there a specified amount each month or do they charge per hour? Please advise." taylor-m,I'm happy to take a look at the proposed language and coordinate with the lawyers in London and Singapore. The difficulty in making the Long Description language the same around the world is that the underlying GTC's are necessarily different because they are governed by different laws. We'll see what we can do. taylor-m,"Any thoughts on how we provide legal support for Swapco? Should that be covered by the Services Agreement? Can lawyers who work for ENA represent Swapco without a conflict? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Have we been officially sanctioned by the LME? If so, please send me a copy of any official statements of sanction. Depending on exactly what they say, we may have to report the situation to other exchanges here and possibly the CFTC. Thanks! Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,"Thanks for the offer, but I can't get away that early without taking vacation time. At this point my flight gets in at 8:36 p.m. I'm afraid Amanda's friends will be disappointed. The two-step, a polka or maybe a C&W line dance is more in the Texas line; they'd be disappointed there as well but their expectations might be slightly more reasonable." taylor-m,Tana -- Please send the requested info to Jane. Thanks! taylor-m,I hope you can all join us for happy hour tomorrow from 6:00 at Christopher's Wine Bar. Christopher's is located at 2516 Times Blvd. in Rice Village. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"Here is the first of the no-more-confirms agreement. Power and Gas have already made their changes so now it's our turn. Sara, Brent and Mary also have counterparties they are working on." taylor-m,I didn't see your name in any of these e-mails. Do you get involved in Trade Commission issues? taylor-m,Barbara and I will both be out of the office next Thursday. Can you attend the Net Works staff meeting for me and fill me in on what happens? Thanks! Mark Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"Hey Mike -- here are my details: Mark E. Taylor '78 1322 Rutland St. Houston, TX 77008 (713)863-7190 (home) mark.taylor@enron.com Let me know how I can help. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,Contact Stephen Douglas re: Bill Bradford deal. Otherwise none. taylor-m,Joel -- I've taken a quick look at these and think that they are really more in the physical trading line than derivatives. I'm trying to figure out who the physical metals trading lawyer is to take a look at them for you. taylor-m,"Thanks Chris. I've taken a quick look at these and my reaction is (1) as to the definitions of specified transaction, we will probably not want to sign on to the expansive provision as an end-user, but it may make sense from the dealers' perspective and (2) we have needed exactly what is being proposed regarding the calculation of termination payments for some time and I view this as a major step forward. Bottom line, I don't think we will be advocating the MFA position." taylor-m,"call Russell, Bill or me to discuss. Peter." taylor-m,ISDA's interview is on Wednesday afternoon. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,The first one looks ok to me as long as someone has checked the accuracy of the reference to Gas Daily. I have trouble with the second one. This really looks like a basis swap so I think we need to start with basis swap language. Can you call me on this one? taylor-m,"Kerry, I have decided I am going home for Thanksgiving. I want to be there for my mom and family." taylor-m,Please check your records and make sure your e-mails intended for me are addressed to the correct Mark Taylor. There are two of us here at Enron and the other Mark is getting some of your EOL approvals e-mails. taylor-m,Both of you are listed in Lotus Notes on this one. Not sure who has had most recent contact. I someone working on a no-confirms agreement for Chase already? taylor-m,"Here is the list of the counterparties they want to put these agreements in place with and the lawyers that have been assigned to them. As you can see there are a number that have yet to be assigned. Would you please pass these out equitably among yourself, Frank, Mary and Francisco -- particularly those in town next week who will have a chance to move them forward. Kim Theriot is very anxious that we make headway on these. The counterparties marked with an asterisk are the most urgent. I will forward the docs I have received from Stacy and Janet as separate e-mails. Thanks! Mark Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,I put your $500 check on your bed. Nice ZERO points this week. Do you not want the $630? I only pulled a 5. Really hurts me. But mathematical I still have a chance. taylor-m,I made it back to Houston last night. Incredible security at the airport in London -- it was a mob scene. In addition to the usual stuff there was an additional search of all carry-ons by hand at the gate and all passengers were patted down by a guard before entering the gate. I saw several passengers questioned on the plane about their checked luggage -- I couldn't really hear what it was all about. We were delayed about two and a half hours but it made it feel a little safer. The Brits were all very nice of course while I was in London but it sure is good to be home. taylor-m,Our derivatives trading documentation does not generally contain a change of ownership default or termination trigger. Such provisions are included in all of our master agreements between Enron affiliates and may have been negotiated into a relatively small number of third-party agreements. A merger by ENA or sale of all or substantially all of the assets of ENA might be a trigger but the analysis is more complex. taylor-m,I got your message and the e-mail. I'll be happy to go pick them up. Once I have them I'll let you know and we can arrange for you to get them. taylor-m,"I have found a couple of other people who are interested in going, but tonight is Ted's last night in town before moving to Ft. Lauderdale so if you're feeling up to it maybe we could get together for a drink after the game. Just let me know." taylor-m,"If you have not already done so this week, please remember to update your work reports for me this afternoon. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,"A few things. - Mainly next week this floor will not be in high spirits. The layoffs will be next week. EGM and EIM will be hit hard - John asked about bonuses (also, mentioned he had 3 job offers). George said should have an idea within a few weeks - etc." taylor-m,Sorry about that. I have been a bit preoccupied. I put them in the car so I would remember to take care of it and took them with me this weekend so I could stop at the post office. It turns out the neighborhood office is closed on Saturdays and of course they were all closed on Monday. You should have them tomorrow. taylor-m,Thanks Suzanne. I'll take care of it and give RBS a call tomorrow. taylor-m,"Are we sending drafts by e-mail? I can imagine we probably are. If so, let's run a test by sending a real draft to one of us internally to open and see if there is a metadata problem." taylor-m,Nothing on my calendar yet. Andy Edison is setting it up and he knows to include you. taylor-m,"Notwithstanding the provisions of the Electronic Trading Agreement or the product descriptions on the EnronOnline web site (the ""Web Site""), all financial derivative transactions entered into by El Paso on the Web Site which are listed by either Enron North America Corp. (""ENA"") or Enron Canada Corp. will be deemed to be entered into between El Paso and ENA and will be governed by the ISDA Master agreement dated _______________ between El Paso and ENA. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,"Veronica - The a/c people didn't make it Saturday because off the flooding. They called yesterday to reschedule and will be there this coming Saturday morning sometime after 8:00. Let me know if you won't be around so I can let them in. Mark ""Veronica Brock"" 06/11/2001 08:24 AM To: mark.taylor@enron.com cc: Subject: A/C Arrangements Mark, Do you have a number where I can call the technician in regards to checking the a/c system? I don't know whether I need to make arrangements or if you will. Please advise." taylor-m,"Thanks David -- I appreciate that. I'm thinking when this all calms down, I'll just take a couple of days off and come up to the city for fun -- not wait for a business trip. I'll give you a ring if anything really interesting comes up." taylor-m,It appears this was handled by the Calgary office. Greg Johnston will give you a call. taylor-m,Sounds like you have this under control. I agree with your approach. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"kpmg Turning Knowledge into Value for the benefit of its Clients, People and Communities Charles A. Fishkin Advisory Services Practice Capital Markets, Risk Management, Treasury Risk PHONE 212. 954.6211 FAX 212.954. 7250 E-MAIL cfishkin@kpmg.com KPMG LLP 757 Third Ave. New York New York 10017 Helping Organizations and Individuals achieve their objectives in the New Economy through measuring performance, managing risks and leveraging" taylor-m,This is a swap confirm. Do you have an option? taylor-m,That's a relief. Thanks! taylor-m,"Hi George. I'm sorry I didn't get back to you sooner. I was just going through some old e-mails and found this one that had somehow slipped through without being read. I'm living in Houston these days. I was actually in London on 9/11. My flight back (scheduled for Wednesday that week) was cancelled and I finally made it back on that Sunday. I'm sure there were much worse places to be stranded but it wasn't a lot of fun being away from home then. I was traveling with a couple of good friends from NYC and it was pretty tense trying to track down their friends in Manhattan. Mark K. is in NYC. I have heard from him and he and his family are fine. I think his company is now called American Century and he is still managing international mutual funds. I was in Monmouth last weekend for homecoming. Dahlquist, McGehee, McCabe, Perschke, Vance and Ehrenhart were there. Ehrenhart actually has a son who is a freshman at Monmouth and has joined ZBT. Hope you guys are doing well." taylor-m,Rats - I thought I had picked a day when we were all going to be here - your day off was not listed on my group calendar. Sorry! taylor-m,"I'm in London. I had a 2 week vacation planned with Bill in Greece but he is unable to join me so I think we'll do that another time. Are you in London? Germany? If so do you want company? Call me at 020 7491 7282, suite 18 or 020 7881 500 471 or reply to this e-mail and Mark will get a message to me." taylor-m,"For future reference, please do not send schedules like this to the entire group. I'd rather these go out one by one." taylor-m,"I'm fine. I left you a voice mail this morning on your cell phone to let you know I'm OK and stranded in London. Not a bad place to get stranded I suppose. Linda and Amanda are here, too. I'm working from the office here while they have fun on the town. Actually, they seem to be spending a lot of time at the hotel watching the news, and I can't say that I totally blame them -- it seems almost disloyal to go out and have fun. They were going to a play this afternoon and got tickets for us to see Mama Mia (the musical based on ABBA) for tomorrow night. I was originally scheduled to fly back yesterday (Wednesday) and have been rebooked on a flight Sunday afternoon. The hotel finally told me this morning that we can keep our rooms until then. I hope the flights are running by then. Kitty is being taken care of but I feel really bad having her be alone all this time. Jim Avant was stranded in Austin for a day -- they had to take a taxi back to Houston the next day -- and Jamie said they would go over that afternoon. If you need to reach me, you can try the office number 011-44-207-783-6468, my UK cell phone number 011-44-778-351-2535 or the hotel number 011-44-207-491-7282. It's kind of hard to get through some times since the lines to the US are often busy. Hope you are doing ok through all this. I'm just sort of numb." taylor-m,"I have to agree. It sounds like a fundamental lack of consideration situation. If we are the buyer and actually believe there is value here, we should be willing to pay SOME kind of premium, even if it is fairly small." taylor-m,"We have reservations at Damian's at 7:30. DAMIEN'S 3011 Smith Street 713-522-0439 Directions fromt he Hobby area: Take I-45 N toward downtown Exit number 45 SCOTT ST/ DOWNTOWN Keep LEFT on the ramp then go straight to go onto ST. JOSEPH PKWY. Turn LEFT onto SMITH ST. 10 or 11 blocks to just before the corner of Anita/Smith restuarant is on your left. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490 (fax) (713)206-8080" taylor-m,Attached is a three page summary of our retail swaps interview in New York prepared by the CFTC. Please take a quick look at it and let me know if you have any comments. taylor-m,Just to let you guys know... I'm working like an animal here but at least I'm still employed. Every now and then I kinda wish I'd been one of those laid off last week instead of the one who had to tell people they were no longer employed but I don't have enough to retire on any more so I guess I still need the job! Hope you guys are doing well. Any plans for New Years? taylor-m,"Had a great weekend and looking forward to next time. Hope you made it back to town ok. I had no problems but I think you should just assume that from the Newark airport it's at least 2.5 hours, probably a bit more. The Avis lady didn't bat an eye; of course I stood towards the back of the car so she wasn't really looking at the front and there was a big line forming behind me so she was in a hurry. Did the kids get away even close to on time? Thanks again! Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,No luck here. 16 25 26 30 45 taylor-m,"Thanks for the offer. At this moment, looks like I'm not going to make it at all, much less tonight. I'll let you know if that changes, I'm proceeding minute to minute here." taylor-m,"Here is the first of the no more confirms agreements. Can you please handle this one? Even though it came to me over two weeks ago I didn't realize this was ready for us until the back office and EOL people called asking for it (entirely my fault) so there is a certain urgency to it. I also have counterparties for Francisco, Sara and Frank to get started on, but I thought you would be better for the urgent one since you have the most experience with these issues." taylor-m,I'm coming to New York this weekend and will be there until Tuesday. Any chance we could get together for a drink while I'm in town? taylor-m,We agreed from a legal perspective and sent the language along to the EOL people to make sure that it works on the system. I haven't heard back. taylor-m,"Yet another idea: A flashlight that has a magnet on the side (or some kind of clamp) to keep in the trunk of the car. This one might be good for Tim, too. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Here are the quotes from the Moorings. One is for a 464 which is about the size of boat we had last time but with 4 cabins and 2 heads (last time was 3 cabins, 3 heads which would be better for a smaller group but they're already booked). The other is for a 505, a 50' boat with four main cabins, each with its own head, and a fifth smaller cabin in the forepeak. If we have need for the fourth cabin, I'd be inclined to go with the larger boat. I talked to Jim on Friday and he's thinking about it - wanted to check his calendar, etc. Any idea how to get in touch with the Johns? Other potential sailors to suggest? Luck curtailing Jamie's guilt trip?" taylor-m,David - Apologies for my silence. I need to check with Mark H. and make sure he is still on board but I think it is a good idea and would suggest we try and schedule something for early September. taylor-m,"Thanks for your note. Do you have a lot of people missing in action this morning? In addition to Brent (no surprise there) I'm missing Susan (again, no real surprise - they weren't even flooded but the roof leaked) and Sara (who was out of town and couldn't get a flight back until this morning." taylor-m,Is there a call-in number for this meeting? (I'll be in taylor-m,"I just got back from the greenhouse gas meeting. The meeting was good. But you will be retired before that program is worth anything as far as a good trading program is concerned. John, said he talked with you on the phone about the b-plan. I added a table of contents, and if John gives me anything to add I will. I am going home (LA) tomorrow so I might work half a day." taylor-m,"Sara: How much protection do the agreements give us? I have always assumed that they were primarily for the benefit of the brokers. Of course, in the U.S. they are probably required by the SEC and in a country where they are not required you have to wonder how well the brokers are being policed by regulators. I guess it makes sense to at least contact local counsel to find out what protections there are for the customer and whether or not it would be reasonable to ask for something in writing. I don't think we need written opinions of counsel. It might also make sense to explain to the business folks that we think there is incrementally greater legal risk in using those arrangements and that while they may be permitted to use them they should keep activities to a minimum where there is a more secure alternative. Sorry for rambling." taylor-m,"Since they are already trading physical stuff online, they are probably already approved to trade financials as well and the master will just mean they don't have to accept the GTC's to trade the derivatives. Tana can check quickly and see what they are approved for." taylor-m,"This is fine with me. In the past, Dave wanted to see all of the ETA and PA amendments that we negotiated with EnronOnline users. I take it these should go to you now. If it comes to you from me, Leslie Hansen or Mark Greenberg, you can assume that Legal has signed off and it is just coming to you for final approval. Let us know if you no longer want to receive these." taylor-m,"Looks good to me. One remaining concern is that section (d) may not provide much protection. According to the power trading lawyers who have worked with the FERC in the past, they never provide protection for what we would consider confidential commercial information even when they have the authority to do so. If we want that kind of protection, it should be mandated, not made possible by regulatory action. I'm not necessarily recommending a change, I just don't want anyone to be taking any comfort from section (d)." taylor-m,"Raj, Things are tough. People are thinking tomorrow is the day for a lot of layoffs for non-core groups. 40% chance we merge with Dynegy is what some people are saying. Bankruptcy is our other option. The working environment is not good. The firm needs to lay off people now, as opposed to dragging it out. I think the good groups will be sold off to the highest bidders, or competitors just buy up all our talented people when the company under. Any news about your job offer? Are you looking again?" taylor-m,Andy is still at Enron. He's working on the gas trading desk. taylor-m,"Just to let you know I'm in London at the office here - staying at a hotel called 47 Park \St. and OK. If you need to reach me, dial 011 and then: Hotel - 44 (207)491-7282 (phone) 44 (207)491-7281 (fax) Cell phone 44 7881 512 535 Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,Here is the revised review (password - oberon). I have meetings scheduled for the afternoon and am not sure I will be able to get out of them at any particular time. Does it make sense to give her the review without me being there and meet later or not? taylor-m,Are you still taking care of the Portland guys? Do you have time to look at this? taylor-m,Holly said you had been trying to reach me. I've tried to call several times but still haven't been able to get through to you on the phone. I tired to send this yesterday but it may not have gotten through. taylor-m,"My comments below. Carlos Alatorre/ENRON@enronXgate 06/12/2001 04:39 PM To: Savita Puthigai/ENRON@enronXgate, Kal Shah/ENRON@enronXgate, Erica Bess/ENRON@enronXgate, Stacy E Dickson/Enron@EnronXGate, Mark Taylor/HOU/ECT@ECT, Jennifer deBoisblanc Denny/ENRON@enronXgate cc: Melba Lozano/ENRON@enronXgate Subject: News Ticker for US Gas Phy - Texas Products Please find below News Ticker that has been reviewed and, unless you have any final comments/thoughts, will be posted on Wednesday June 13 Thanks Carlos Changes to Descriptions of US Physical Gas Products Delivered Within Texas Due to the recent sale of the Houston Pipe Line Company by Enron, which was effective June 1st 2001, the Product Long Descriptions of US Physical Gas products for which the Delivery Point is located in Texas have been amended. Instead of ""Houston Pipe Line Company,"" your new counterparty for these transactions executed in the future will be ""Enron North America Corp."" This change affects EnronOnline physical natural gas products delivered at Carthage, Exxon Katy and Waha locations. We have added the following language to the Product Long Descriptions of these affected products: Notwithstanding anything to the contrary in the General Terms and Conditions, if applicable, this Transaction is between Counterparty and Enron North America Corp. This language will supersede the language in the first clause of your ""General Terms and Conditions"" (GTC) agreement, which presently states, ""In the event that the Delivery Point for a transaction is located in the state of Texas, ""Enron"" shall mean Houston Pipe Line Company."" Please contact the EnronOnline Help Desk at (713) 853 HELP if you have any questions." taylor-m,Can you access this website? (article re: Broadband) taylor-m,"If this doesn't work, I can just send you the three whole presentations. Let me know." taylor-m,"kevdb@infospace.com 06/12/2001 09:36 AM To: undisclosed-recipients:; cc: Subject: SMARTPages verification. Refcode=_V1.0_1qxbLr_2I.FV0 Thank you for taking advantage of SMARTPages member services powered by InfoSpace.com! YOU MUST REPLY TO THIS MESSAGE TO CONFIRM YOUR REQUEST. Please follow the instructions: STEP 1 Verify that the information appearing below is correct. STEP 2 If the information is CORRECT, press the Reply button in your email program to reply to this message. Your reply will authorize the modification of your profile. Be sure your reference code (shown below) is copied into the Subject line and/or the body of your reply. In most email programs, this will happen automatically. If the information is INCORRECT, do not reply to this message. Please return to the SMARTPages White Pages and resubmit your request. Do not attempt to make corrections in the body of this message, because your corrections will be ignored and your listing may be updated with incorrect information. Changing listing: TAYLOR, MARK 1322 Rutland St Houston, TX 77008 US 713-863-7190 to: TAYLOR, MARK 1322 Rutland St Houston, TX 77008 US 713-863-7190 Cellular phone: [713-206-8080] High School: [Walter Johnson ] University: [Monmouth College] This reference code MUST appear in your reply: Refcode=_V1.0_1qxbLr_2I.FV0 In most cases, your listing will be updated within 24 hours of receipt of your reply to this message. Updates normally take effect between 1 a.m. and 4 a.m. Pacific time. To confirm the changes detailed above, click the Reply button in your email program to send a message to kevdb@infospace.com, and be sure your reference code appears in your reply.If you have questions or suggestions, please email custserv@infospace.com (but please do NOT use this address to confirm changes). Thank you for using the SMARTPages White Pages service powered by InfoSpace.com." taylor-m,I told him those ERCs on website were being sold. We are looking into another deal (bullshit)so we will keep in touch if something comes up. Price was not brought up. taylor-m,"I called the Moorings about a Miami charter over New Year's and they said they are shutting down the entire location as of 11/30! When I asked about any other locations that might still have boats left, she said they have a one week minimum for all charters at that time. Sorry. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,Thanks for making my morning. I'm still grinning at the image of your bags going back and forth across the Atlantic. I saw the emergency command center on TV the other night and it looked just like that huge room where we stood in line and checked in for the ship. I think that's why they can't dock in ny. Has Amanda made it back yet? taylor-m,"I've got three undeveloped rolls of film in my car that I keep meaning to get developed but always forget until I'm not in the car. I'll get around to it one of these days. My address is: 1322 Rutland St. Houston, TX 77008" taylor-m,"Kelly, I am going to use my Auburn ticket this weekend. I am also trying to find one for Kerry and an ID. Any tickets? Also, people may be calling you to sell a ticket for $10. I e-mailed them off of Universitytools.com. Last time I used Mindy's ID which may work again. Did anybody use my Ark ticket?" taylor-m,Hi Justin -- I'm afraid I don't really know what this is all about. It sounds like it might be something the tax people should be doing. Can you fill me in? taylor-m,Do you want me to go to this? I was planning on going. Lisa called me today. taylor-m,It would probably be a good idea to involve the power traders in this as well since it is not just an EnronOnline issue. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,If you really think you'll need to get in touch while I'm overseas you can try my international cell phone # 44-7881-512-535 which is a London phone number but works throughout Europe and North America. And of course when all else fails you can always try to page me at (877)855-2081 or send an e-mail to my pager at 8778552081@pagenetmessage.net. But the bottom line is that there is a large percentage of the time that I'm just plain unreachable since I turn them all off and let the machines do the answering -- which may not impress Joe but in my book is even more impressive than having lots of numbers. taylor-m,"If you have not sent me a current project list within the last week, please do so no later than noon tomorrow using the attached format. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,Here are the forms for the paralegals. I didn't have Marie on my list since she was with EBS reviewed her for the first half of the year. Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,Thanks for the list. Francisco Pinto Leite will look at these and get back to you. taylor-m,"Has our draft letter gone to the CFTC? I assume it already has, but unfortunately it turns out Vicki's comments were not in the version of the letter that I forwarded to you. I have taken a look at them and am not sure they are critical but thought I'd better get them to you in case we send a revised letter down the road. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"What should we do about keeping track of names, phone numbers etc. for me? Is it time to start with one of the programs now available?" taylor-m,Here is the next no-more-confirms amendment. I was hoping to wait until we had comments to the first set before working on these but the confirm desk is anxious that we move them forward. taylor-m,"Congratulations to everyone on making it through Q3 more or less intact and a big thank-you to those who pulled us through with all your hard work. Given the continued increase in the number and variety of transactions coming to us from the Global Finance and VPP teams, we are going to have to revise our staffing procedures and ask each of the lawyers in the group to take on some of this burden. If any of you receive a request to handle one of these deals, please refer the requester to me or at least let me know so that we can equitably distribute the load. Mary and Anne will be scheduling training sessions for the entire group during which they will go over some of the most common structures and the issues that they have faced recently to help us on our way. As with all of our work, I expect that we will each be available to the others in the group to bounce ideas around and help with thorny issues. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Since this is for someone in the Governor's office, I have no objection. I think we need to be careful when regulators who might have an interest in regulating the system are asking." taylor-m,Anne's been working too hard. She meant Financial masters. taylor-m,"Can Swapco buy an existing bank account from ENE, pay $5000 and sign a bank account sale document in the process? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Good catch! I was thinking that Thanksgiving was the 29th -- oops. I'll get a revised quote. Any ideas for who wants to go? This particular boat has three cabins and heads. If we have another person (Jim?) or couple (the Johns?) we would get along with for a week it would be fun and less expensive. And if there are even more, we could get a larger boat with four cabins. We just need to know sooner rather than later to get the boat reserved." taylor-m,Thanks for your note. You're lucky with the computer -- I also have road runner service but mine has been out for several days. Good luck with your clean-up! taylor-m,"Our agreements with EnronOnline customers prohibit us from sharing their names with third parties (i.e. non-Enron companies). We can use our customer lists ourselves for marketing our products, but can not give the lists to anyone else. Mark Taylor Vice President and General Counsel Enron Wholesale Services" taylor-m,"Louise just wants global natural gas and power. I think we should throw in ""related products"" just to be safe." taylor-m,"When: Monday, July 23, 2001 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada). Where: EB2126" taylor-m,"While this statement makes reference to energy, it seems to me it might also apply to metals transactions. I don't know if we have affected transactions or not. If so, you may care about this. My impression is that the Houston commodities traders will be signing off on this, possibly with minor comments, as early as this morning. If you guys want to make comments (maybe have metals excluded if our traders disagree with the approach), please let Sara Shackleton or Barbara Gray know as soon as possible." taylor-m,"I have left a lengthy voicemail for you with my comments -- the comments aren't that lengthy, just the voicemail. Please call if you have any questions: 713-853-7459 - office 713-863-7190 - home 713-206-8080 - cell or page me at" taylor-m,"Everyone I've talked to was thoroughly impressed. I'd be happy to proceed but did get an e-mail from Cheryl on Friday indicating she wanted to talk about it...not sure yet what that means. I'm out of town today and tomorrow - if you have time to stop by Cheryl's office & ask, that might help. My only concern with Kim at all is that she probably can't start until September. Probably worth the wait though." taylor-m,II made my pledge some time ago so am concerned to hear my name is on the list. I'll try again. taylor-m,"Julia sent me a copy of your memo following up on one of the questions asked at the session earlier this week. I would like to ask a follow-up question: Do we lose the benefit of the special treatment under the bankruptcy code when we enter into cross-product (i.e. physical and financial products) netting and joint credit support arrangements. If we agree with a counterparty to net all of our trading exposures under multiple agreements (swap agreements and gas, power, steel, coal, etc. trading agreements) to determine how much credit support should be posted and then only ask for a single LC that supports the whole shebang, do we lose this protection since arguably we are no longer just ""under a swap" taylor-m,Congrats on having your letter published. I've always wondered -- do they edit the letters much? taylor-m,"1. EnronOnline is not an exchange, it is a bilateral transaction system. It differs from futures exchanges in many respects including the following: (i)an Enron entity is a counterparty to every transaction concluded over the system; (ii) EnronOnline transactions are not cleared; (iii) the transactions concluded on the system are forward contracts or derivatives, not futures; and (iv) access to EnronOnline is restricted to commercial entities, i.e. no retail transactions are concluded on EnronOnline. 3. EnronOnline transactions are not cleared through any third party mechanism. Enron evaluates the credit of its customers and determines how much credit exposure it is willing to take with respect to each of them." taylor-m,I have tickets to the Astros game on Friday (tomorrow) eve. Any interest? Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"From what I have heard, this looks pretty good. But I wonder if paragraph 1(c) is correct. Is this what was agreed or should this refer to any spread transaction including a NYMEX, COMEX or Platt's price and another price (whether one of those 3 or not)? And finally, I don't understand the penultimate paragraph at all but since you guys are closer to the discussions it may make sense to you. Can you guys confirm this with the traders and report our comments and/or agreement to ISDA? Thanks!" taylor-m,"Any entity, whether or not an Enron entity, that posts its products on the Website will be a third party beneficiary of this Password Application and the ETA to the same extent as if it were an affiliate of EnronOnline, LLC. Enron may give Counterparty's name to potential product providers as a prospective counterparty." taylor-m,I am stranded in London - there are worse places these days - but hope to get back tomorrow (Sunday). Glad you are well. taylor-m,I'm not sure. There was a comment by Sally Beck at the last meeting that she was trying to figure out which of her direct reports should be attending so maybe it has something to do with that. I don't really know what changed though. taylor-m,"Thanks for a great weekend. Don's family was a lot of fun and what an incredible guest list for lunch! I wish I could have been better company. Love," taylor-m,"Can you please give me a call to discuss travel plans? I need to make some reservations today if at all possible. Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"A spoon is a good start. I think it's good as a cake frosting, as a filling between a couple of cookies, maybe spread on toast or even dissolved in coffee? In Buenos Aires I remember it coming in a tiny little jar at breakfast along with the marmalade and honey -- goodness knows what they put it on." taylor-m,"I understand that you will have an Amel at the Ft. Lauderdale boat show next month. Do I need an appointment to see the boat? Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,I think I am probably the right person. Glad to help. taylor-m,"Using your numbers: 1. No. We won't do that until we think we have to. 2. Not entirely, they have to meet certain more restrictive tests depending on how they are organized (i.e. how sophisticated are the investors). A fund group like Fidelity that allows my Mom to invest has to have $1,000,000,000 in assets. A true hedge fund that limits its investors to those meeting certain sophistication requirements only needs $100,000,000 in total assets. 3. Yes 4. Only if we become ""regulated."" Currently we still maintain that we are a one-to-many site and are not yet subject to these rules. David Forster/ENRON@enronXgate 04/27/2001 05:18 PM To: Mark Taylor/HOU/ECT@ECT cc: Andy Zipper/ENRON@enronXgate Subject: RE: Electronic Trading Facilities for Transaction in Exempt Commodities OK - so based on this document: 1) Are we registered with the CFTC? 2) Are we prohibited from transacting with hedge funds (""investment company"")? 3) Are the ""exemption conditions"" with which the facility must comply just the conditions listed in the document? 4) Could you clarify: Do the conditions described in the document apply to us now, or only if we become ""regulated""? As per our conversation, I understand that FX is subject to even less stringent requirements than our current commodities are." taylor-m,"October 2, 2001 Ms. Jane D. Doe XYZ Company 123 ABC Street Anytown, TX 77000 Dear ____________, Your company's physical natural gas transactions with Enron are governed via by the General Terms and Conditions Agreement (GTC) for each product to which your company agreed by accepting the GTC's on via EnronOnline. Theseis agreements areis being revised effective MM/DD/YY. To ensure that the traders in your company can continue to transact the affectedphysical natural gas products via EnronOnline, we ask that you review and sign the enclosed revised agreement(s). To assisthelp you in identifying the revisions, we have also enclosed a copy of your current agreement with marked to show the revisionsed sections areas highlighted. A brief summary of the more significant revisions you'll will need to approve is as follows: ? Amendments due to the recent sale of Houston Pipe Line Company (HPL) by Enron.; ? Deleting the intrastate warranties section due to the sale of HPL.; ? Updating the publisher of Gas Daily to Platts; and ? Updating the Securities Representations section to reflect final orders.; Please return the signed agreement(s) in the envelope provided by MM/DD/YY to ensure uninterrupted transactions for natural gas products on EnronOnline. without interruption. If you have any questions, please contact John Doe at (713) 853-xxxx. Thank you. for your assistance." taylor-m,"I would very much like to get some time with each of these people while I'm there. I have already arranged some time with Jonathan Marsh on Monday morning since he knows a lot about the ISDA meeting that afternoon. I would prefer, if possible, to have some time with each of Paul Simons and Justin Boyd before the rest of the crew so that I can hear a bit about them before I actually sit down with them. Don't worry if that's not possible. I'd also like to get some time with each of Edmund Cooper, Mark Elliott, Mark Evans, Robert Quick and Marcus Von Bock. Mark Evans would be best towards the end of the stay - maybe lunch on Wed.?" taylor-m,"Help support the families of the New York Police Department and Fire Department and the families of Cantor Fitzgerald. In light of the recent tragedy, the EnronOnline team is showing support by participating in a Bowl-A-Thon on Friday, September 28th. Funds raised will benefit either the New York Police and Fire Fighter's Widows' and Children's Fund or for the Cantor Fitzgerald Relief Fund- http://www.cantorusa.com/index.php (eSpeed and TradeSpark). If you'd like to sponsor a bowler, please see the names on the attached spreadsheet and call one of them to sponsor them. Please make checks payable directly to the charity. This way, they can get Community Relations to match them. If you have any questions, please call Kelly Heuertz at x 54624. Thanks Mark" taylor-m,"Thanks for your note. I am stranded in London and won't be able to get back until they start international flights again and I can get a seat. Looks like that means Sunday afternoon at the earliest so please light a candle for me, too on Friday night." taylor-m,Are the provisions we care about in Title 9? Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,"I am surprised that the tax people would be ok with the suggested EOL fix. My understanding was that if the assignment to ENA from ECTRIC happens automatically, that is equivalent -- for tax purposes -- to the UK trader binding ENA and results in bad tax consequences." taylor-m,"We have a few items to add in the Services Agmt. as services to be provided: Risk assessment and control services including, without limitation, credit, underwriting and market risk analysis. Risk management services including, without limitation, position and limit reporting and price curve validation. Transaction confirmation, settlement, scheduling, dispatch and volume management. Human resources support including, without limitation, payroll, compensation and benefits. Public relations, legal, corporate records, and regulatory and government affairs. Travel and aviation. At the end of the current section 2.1(vi) please add ""including, but not limited to, SAP."" Finally, we need to include Enron Corp. and Enron Net Works as parties providing services (e.g. Enron Corp. is where risk assessment is, Net Works has all of the IT). Mark Taylor Vice President and General Counsel Enron Wholesale Services 1400 Smith Street - EB3892 Houston, Texas 77008 (713)853-7459 (713)646-3490" taylor-m,"Kerry, Did everything go ok today? Also, I cannot get into my hotmail. Can you forward me any e-mails. Thanks I LOVE YOU" taylor-m,"Would there be any interest in using the Auction functions on EOL for this product instead of a product line? There is a lot of flexibility in setting the rules -- reserve prices or not, sale commitment or not, timing, etc. -- and you would have the added benefit of finding out where customers were willing to transact if our price was too high for them. I assume we are only showing one side of this market." taylor-m,How much are the tickets going on your site? I am trying to buy one. taylor-m,I definitely think Mark's is a best bet if we can get in on Saturday. Lunch will probably depend on where we are - is there some place on the water near the boat show that takes lunch reservations? Maybe we can go to the boat show early and finish up in time for lunch. Unless you'd rather do something else on Sat. and go to the boat show Sunday -- any good Sunday brunch places? taylor-m,"If you haven't heard back in an hour or so, you may have to print it out and go down and shove it under their noses. Tana can show you where they sit if you don't already know." taylor-m,Well deserved! It's been fun watching the company recognize what we in legal have known all along. Mark Taylor Vice President and General Counsel Enron Wholesale Services (713)853-7459 phone (713)646-3490 taylor-m,"I haven't had any complaints from the post office. In fact, we used to have a mailbox outside the gate. It was a heavy metal box that required a key to open on a post set in cement. It was stolen (box, post, cement and all!) about three years ago and the mail carrier said that a gate key (their key does not fit any of the doors, mine or yours) was the best answer. When I gave him the key, he put it on a huge chain with lots of keys that he uses on his route. Has there been a problem? On the electrician, I am going to have some work done at some point soon but am waiting for the design people to finish and suggest a good electrician -- so nothing has happened yet. I'll keep you posted." taylor-m,I think he's asking the wrong question. Can you help him out? taylor-m,Marie - can you please check on this and let Richard know where we stand. Thanks! taylor-m,"Thanks for that, Tim. I am stranded here in London and this morning on my way into the office had the pleasure of my cab driver noticing that I am an American and taking a minute to point out exactly what this commentator has said: that we are under appreciated the world round, that the Marshall Plan was a remarkable departure from the accepted norms concerning how conquered nations should be treated and wondering what other nation, if it had the kind of military and economic might available to us, could have resisted, as we have, using it to totally dominate its neighbors if not the world." taylor-m,"Oops. Sorry, I'll bring them by." taylor-m,"Kelly: Thanks for getting back to me with your analysis. Here's what I've done: Not sure what the situation is with the Lead Expediter (95%) position -- the phone line of the manager for that one doesn't seem to be working and an e-mail to him was returned as undeliverable -- even though his name was in the company e-mail address book. But he's in the same department as one of the jobs below (Sr. Purchasing Agent I think), and this position is a more junior slot, so you probably want to be considered for the more senior position first anyway. The Senior Project Manager (80-90%) and Senior Purchasing Agent (80%) slots are still open. I talked briefly to the managers listed on the postings and have forwarded your resume to them for consideration. I have no feel for the timing on the Proj. Mgr. position and in fact the manager was a bit brusque, but the guy on the Purch. Agent job said the timing was great since he's taking a stack of resumes home with him this weekend to review. I've left voice-mail messages concerning the Construction Engineer (90%) and Process/Mechanical Engineer II (80%) positions and will forward your resume if they are still looking. On the others, it might make sense to go ahead and go through the application process on the website. Particularly for the one that says not to contact them directly -- there's no pointing in making them mad before they even see your resume! I'll keep you posted on the others. If there are no answers to my voicemails by the middle to end of next week, you might want to submit for those on the website, too. At least then you know your resume is in the hopper." taylor-m,Sara will be responding from Enron. She is conferring with the traders this morning. taylor-m,"(i) It constitutes an ""eligible contract participant"" as such term is defined in the Commodity Exchange Act, as amended 7 U.S.C. ?1a(12) and (ii) it constitutes an ""eligible commercial entity"" as such term is defined in the Commodity Exchange Act, as amended 7 U.S.C. ?1a(11)." taylor-m,I put it in my original message below. It is 832-496-0123. Tom Hartman with San Joaquin Power. I imagine a natural. Are you going to call him today? taylor-m,I haven't sent out the language draft yet because of another concern I thought of as you were leaving: the language as drafted doesn't allow us to give the names of these signers to potential third party posters. Any thoughts? Mark Taylor Vice President and General Counsel Enron Wholesale Services taylor-m,Sally still ahs not received the list. Do you have it in a form you can e-mail to her? taylor-m,"I'm surprised that under the circumstances American won't just do it. Linda and I both had to reschedule our flights and did it directly with the airline (Continental for me and Virgin for Linda). Of course, in our cases the original flights were cancelled. I don't have the Cunard reservations number here and haven't been able to access the web site this afternoon. I will get it for you when I get home. The fax number for the guest relations department is (305)463-3030. In a sense I felt safer in London than here. Once we got off the QE2 we weren't doing anything that would have made us attractive targets and I don't anticipate attacks against individual Americans overseas -- at least not outside of Muslim countries. While there was an increase in police presence around town, we didn't hear of any actual threats to Americans while we were in London. Airport security has been better there than here for a long time and now has been beefed up even further. The Europeans just have more recent experience at dealing with terrorists than we do. The sword rattling doesn't bother me too much. I've been overseas during some tense international times before and as long as you're in a friendly country it shouldn't be an issue. On the other hand, it REALLY feels good to be home and I can sure understand your wanting to have her with you. From her point of view, I think that while the Brits were all being very sympathetic and supportive, the tragedy just isn't as immediate there and so the impact on Amanda has been somewhat less than if we had been home. Given that, I think she doesn't want to waste this opportunity to do something fun in Europe while she has the chance and is already over there. For me I have to say it was hard to have any fun after Tuesday noon, although I tried to put a good face on it. I don't know when that will improve since I'm still pretty depressed. It's probably even worse for you since you were so much closer to things than I am. The lawyer in me sees two sides: (a) a trip to Paris is just the thing to take your mind off of events and (b) why waste a week of vacation and travel hassles when you aren't going to have a good time no matter where you go. Feel free to give me a call if you want to chat. Good luck!" taylor-m,"I'm in London today and tomorrow but plan to be in the office in Houston on Thursday. Since it'll be my first day back after being out for over a week, it would probably be best to book some time to make sure you get me. But if that doesn't work, try and stop by anyway." taylor-m,Net Works is not a marketing affiliate. We can make changes if they want us to. taylor-m,I agree with Susan that for non-EOL trades concluded by our traders in NYC and Houston that the ENA ISDA should be used. Ms. Zivic had called me yesterday asking similar questions and that is the answer I gave her (subject to approval by the tax people). quigley-d,"Question 1: When we talk about ""the market"" reacting to events, what are the prices that we are talking about? From a simulation standpoint, I am trying to figure out what prices we need to show as being affected by these many events. Is it the forward curve? Is it the spot market price? Is the bid/offer prices for the various instruments? And, if we are having users trade basis, we will need different prices for different locations, right? [Quigley, Dutch] for each event we need to build a change matrix that will change the previous price curve to a new one depending on each event it could change all parts of the sport and forward curve Question 2: Given that the calculation of VaR is rather involved, we decided that it would not be worth our effort to have that calculation in the model. However, we understand that the user needs to 1) know their VaR and 2) know that they need to make sure they stay within their VaR limit. So, we will need to set a VaR limit for the user and ""fake"" the individual VaR to reflect their risk exposure. I had a talk with Erro McLaughlin about this. He made a good point that if our user are not expected to understand the complexity of how a VaR is calculated, will they know how to control their VaR, i.e. if a user sees that he is over his VaR limit, what should he do to get it back within the limit. Is is as simple as not being too long or too short? And if that is the case, would it be sufficient to use position reports/tallies as a proxy for risk exposure, instead of VaR? One possible way to fake VaR may be to adjust the VaR number to reflect how exposed the user is. So if they are X dollars long, they have a VaR of Y. If they change their position so that they are now 1.5X long, they have a VaR of 1.5Y. Perhaps we can also throw in a factor that takes into account market volatility. What are your thoughts? [Quigley, Dutch] Instead of a VaR number we could set position limits that they must stay within at all times i.e. over all position can not be outside a set range , NYMEX Risk can not exceed +/- 500 contracts Basis & Index Risk can not exceed +/- 1000 contracts so for and so on Therefore not having to calculate VaR and expect the user to understand what to do to stay with in limits Lastly, when could you meet with me next week? I would really like to meet on Tuesday, if possible. [Quigley, Dutch] can you check with your team , I am to meet with them on Monday and Tues. so see if you can squeeze into one of the times or we can make a new one" quigley-d,"Gerri, Do you know who pays the brokers commissions each month ? I am trying to gather the per transaction costs they we pay on the exchange." quigley-d,"Baytown or Texas National in Willis Texas I checked the day trips from Houston guide and they say that these ""locales"" can be done with the proper prep time tata for now Dutch PS Jerry are you even close to double digit score yet ?????" quigley-d,"Ricardo, Thanks for the thought the other day. Kay has been laid off as of this week. I am still working until a deal can be done to sell off the trading arm of the company. Will know in the next week or two." quigley-d,"Eric, Here is the revised table. Let me know if you have any questions" quigley-d,"Kevin, There have been several things change as of late in my life. One , we are not buying a townhouse anymore, we still have to sell our lot. Kay is going to stay at a townhouse near downtown and as of today i am looking for an apartment. I came to the realization that I got way off track , as I usually do , with the plan of both of us getting a place on our own for six months and going from there. I can not tell you how grateful I have been for the support both you and Nancy have given me during this time in my life. I know i have not been at your house as of late and that is due to being off track of the plan. Is it ok for me to be at your house on and off for the next couple of weeks as i get an apartment set up ? I will be working on renting a place that starts the 1st of the month. Let me know" quigley-d,"Hey Lee, My work Number has changed to 713-853-9216. I was going through my voice mail on my old ext. I heard a msg from Friday. Just wanted to give you a heads up. I had a great time coming over last Friday , we will have to have you and Beca come over soon." quigley-d,"06/04/2001 The San Francisco Chronicle FINAL E.10 (Copyright 2001) THE BUDDHA SAYS that we take wisdom where we find it. Perhaps the Buddha does not say that, but it's not a bad idea anyway. The Buddha would have said it, maybe, had he not been saying the other things. Our enemies can teach us lessons. Our adversaries can make us stronger. They can be consumed with greed and contempt, their very breath can be toxic, and yet their actions can open upward-flowing paths. Take Enron, the energy company, or Chevron, another energy company, or El Paso Natural Gas, yet another energy company. These organizations are the minions of Satan. They pillage and they profit. They are in the ascendant. Their enemies fall before them like cordwood. Ordinary citizens cower and meekly hand over tribute. And yet we thank them. We send our investigators after them and we pray that their executives land in jail, but we thank them. They have shown us the nature of our enslavement. They have defined the nature of our sloth. We have believed the Big Lie. We have believed in the free lunch. We have trusted those who would pander to us. We have eaten energy in great dripping gobs. Did we know it was not infinitely renewable? Oh yes. Did we understand that energy companies could create ""shortages"" whenever they wanted merely by closing plants for ""maintenance""? You bet we did. And did we confuse the energy companies with charitable organizations and/or alchemists able to repeal the laws of nature? We did not. But it was more convenient to forget those things, and so we did. We have busy lives. We must do the things we must do. The infrastructure is everywhere crumbling, and we are patching it up ourselves. We are paying bureaucrats with taxes, but the bureaucrats are inadequate, so now the spirit of volunteerism is much praised. Volunteers are people who do jobs that other people are being paid to do but don't. AND SOMEHOW, EVEN in a society as relentlessly materialistic as this one, we forgot about our own checking accounts. Already seduced by the idea that credit card debt is good clean fun, we decided to waste a lot of money using energy we didn't need. I'm not talking about using a washing machine instead of going down to the river and beating your clothes with small stones -- I'm talking about washing machines with quarter-full loads and settings far too powerful for the task at hand. Right? Lights burning in unoccupied rooms. Appliances plugged in but never used. We pay for it. We send our wonderful money straight to the largest villains in American commerce because we are too stupid to do anything else. You wonder why they have contempt for us. You wonder why Dick Cheney believes he can fool all of the people all of the time. Because he has. Look: Last week the secretary of commerce suggested means-testing Social Security -- that is, means-testing a pension plan. You gave us the money, we kept it for 40 years, now -- prove that you need it! Why did he suggest that? Because he can! Why did PG&E demand additional compensation for its executives, who are moral dimbulbs and social criminals under any fair definition? Because they can get away with it! They will get away with it! You watch! I AM NOT saying that we have no one to blame but ourselves. There are active villains, and there are people who allow villainy to occur. Everyone in a corrupt system is corrupt. The fools are the ones who don't end up with any extra money. We are the fools. If we understand our foolishness, we begin to be wise. We send lovely bread-and-butter notes to Enron -- once we were blind, but now we see. And we await developments, or create them." quigley-d,"Gerri , We , the financial natural gas desk , were under the impression that dealings with EDF Man are suppose to be conducted as normal. I am calling EDF to find out why are money ahs not been wired as normal." quigley-d,"Baytown or Texas National in Willis Texas I checked the day trips from Houston guide and they say that these ""locales"" can be done with the proper prep time tata for now Dutch PS Jerry are you even close to double digit score yet ?????" quigley-d,Click here: AOL Local Guide: Houston - What's Going On - Kingwood Cove Golf Course - Map Here is a link to Mapquest showing Kingwood Cove. It sounds pretty easy. 59N (north of 1960) to Hamblen Rd. Turn East til you get to 805 Hamblen Rd. Tee times are at 8:06 and 8:12 Kevin if you wish I can give you a wake up call. quigley-d,"John, I sent broker quotes for 12/18 to Jay Williams today from Spectron , PMG and Man. Emial system was down yesterday and was unable to send them yesterday. I will be in later today." quigley-d,"Geoff , Here are the positions that jaron are willing to swap out of at this time. Let me know if you want me to talk to him about an out of the money deal." quigley-d,"Hey Tori, First of all Congrats on the new job. Thanks for telling Susan and thinking about me. So tell me a little about what the opportunity is all about. If there another person that I should talk to just email me the Name and number and I can talk to them. Dutch" quigley-d,"Sarah, Yes they tried to keep our money but I made a few phone calls and they are sending us our money as they should be. Thnx" quigley-d,"Monica, I read through all the info and lets meet next Tuesday and take care of all the concerns that you have out lined I can also draw out all of the option payout graphs for you at this time. Lets set for a 2:30 meeting ." quigley-d,"PL Daily Month John - 7,307 + 4,537 Mike +4,257 + 11,695 Larry - 778 - 1,307 VAR John 27,070,016 Mike 2,288,081 Larry 1,379,681 Total 23,040,044 Wave is fair but stalling, it had trouble going through 3.30 in auggie but on the nws and api news it broke other levels are 4.00 in winter and 3.90 in cal 2. My opinion is that it will take a low aga or weather to push through all three of these resistant levels at one time. Cal 2 was 3.90 bid this morning and then came back off to 3.875 along with winter being 4.01 bid and falling with it. This has happened several times already. Let me know if you need anything" quigley-d,"Collin, I understand that you have been talking to the EOL people about being able to pull information from the databases I have talked to Franky about upgrading the macro we use but would like to talk to you about other options that there might be. Swing by when you have a minute to talk" quigley-d,you can go and i can meet later around 8 ish ????? what do you think ? quigley-d,I have used Falls A/C and Heating a couple of time and was pleased with them. I do not have the number off the top of my head but I'm sure that they are listed. Would you be interested in golf on Sat ? quigley-d,"Scott, Do you know how long the CBOT will stop trading at Noon ? My Thougthts and prayers are with you and your company." quigley-d,"Monica, Can we meet for more than 1 hour tomorrow ? I sent an email to Laura to change meeting with her until Wednesday." quigley-d,"Julie , Futures Execution Brokers; Paribas Louis Caiafa 212-841-3366 Bill Dowdell 212-590-1251 Fimat Reid Maurer 212-590-1748 ABN Mark Silverman 212-738-6651 212-590-3054 EDF Man Brian Cox 212-738-6890 Matt Mahar 212-590-3484 Tradition Scott Waldman 212-590-3533 Carr Mike Hefner 646-658-2970 Options Execution Brokers; Clarion (212) 590-1410 CRW (212) 590-4128 SCS (212) 590-4080 Capital (212) 738-6838 Chicago (212) 590-1676 Energex (212) 590-1394 HQ (212) 738-5757 VTM (212) 590-3911 Paramount (212) 590-3731 Nova (212) 738-6610 Enron NYMEX Margin Operations Personal; Todd Warwick , Account Mrg., Currently is waiting on the new company to be formed can be reached at 713-853-9380 Gerri Gosnell , Staff Member , Currently is waiting on the new company to be formed can be reached at 713-853-4849 or 281-252-9292 Frank Cernosek, Sr. Specialist , is currently working for Enron the Estate and can be reached at 713-853-1581 We were paying $3.50 in NYMEX fees to execute and clear futures. If you need and further information you can contact me at 713-853-9216 Dutch" quigley-d,"Kirk, I know I have been slow on this project and will work on getting all needed info to the accenture group so that this project can be done. I am meeting with Monica and Laura this week and will get all needed info turned in to them ASAP." quigley-d,when are we leaving friday ? i think we should check the flights to make sure they are still runnning it the fao thing tonight or tomorrow ? quigley-d,what trade ? i never saw quigley-d,"Grasshopper, Geat to hear from you. I am doing good. Learning alot on the trade desk. Here is petes email address peter.f.keavey@enron.com" quigley-d,"Gerri , I just got your msg , in the future pls call me at 713-853-9216 , i have recently changed my phone number. I am not sure if you have the extension for me. We have talked to Man but I do not know at this time the status of the money. Will let you know when I hear anything." quigley-d,"To All, I am the one that was on the phone with the original call on the deal last Friday night and in contact with them up until this past Sunday. Let me know what I can do to help on this deal. Dutch" quigley-d,Not to stop the uhffl smack down but was anyone interested in golf ? I know that Jerry has to leave the country to avoid complete humiliation in this sport but is anyone interested ??? Dutch PS Jerry I hoped you passed the bar b/c you have no future as a golfer or uhffl quigley-d,"Dear Ernesto , Welcome to the pleasure of planning an event for your asshole friends. This has been a long standing tradition that the person that gets sucked or suckered into planning an outing for the group gets bitched at non stop until the event happens. The next step is ""the event"" that will be the turning point of this bitching. There are two outcomes, 1. Everyone has a good time and you will bitch back and it will be lessened to good friendly humor 2. Everyone is pissed b/c they drove 100 miles , they play bad and blame you for picking a bad place to play, they kill you and bury you in a sand trap on the number 12 hole , finish the round and never mention your name again. All I have to say Ernie is good luck on everyone play GOLF well this Sunday. Live the next few days to the fullest , they might be your last. Long live Ernesto" quigley-d,"Ina, My badge would not scan in the sky ring and also takes many swipes get in to the main floor and also to open the doors on 32. Can you find out if I can get a new on with out going down there myself ? thnx" quigley-d,is your net send working ? mine is quigley-d,"it is heading south alright , all of the options are out of the money so it really does not matter ok on the rest , we need to talk about the living arrangement and see what we think as too do we want to buy or jsut rent , can we talk tonight ??" quigley-d,"Hey, I hope your day has good ok What are the plans for today and tomorrow baby ? ily" quigley-d,"Errol, Deal NS5777.2 , from 7/27/2000 of last year, should have been killed along time ago. Can you kill the deal in the system please. This might come up as a prior period adjustment, I do not know what happens when they are this old." quigley-d,So how many fairways to keep the beaver ? And I can use an iron on 1 and quigley-d,"that is great news , can we send them all the visits ? i should be able to be at the house at 5:30 luv" quigley-d,"Sarah , What I was remembering was the front months exposures we had at EDF MAN. Prior to moves After DEC -2,003 1,967 JAN 10,502 -1,588 FEB 1,338 552 MAR -7,013 188 APR 5,831 33 the over all position before the move was 1,240 and as of yesterday it is 4,205. Let me know what the concerns are at EDF MAN and the request that they are making. We can shift some positions around if the have levels by months that they want us to stay under." quigley-d,"Two statues in a city park, one female and one male, had faced each other for many years. One morning, an angel appeared and told the statues, ""Since you have both brought enjoyment to many people for years, I'm giving you your greatest wish and bringing you to life for 30 minutes. In that time you may do whatever you like."" And the statues came to life. Smiling at each other, they ran toward a stand of trees and dove behind a couple of bushes. The angel smiled as she listened to them giggling and rustling in the grass. After 15 minutes, the statues emerged from the bushes, smiling and happy. The angel was puzzled. ""You still have 15 minutes. Would you like to continue?"" The male statue looked at the female and asked, ""Do you want to do it again?"" ""Oh, yes!"" the female statue said. ""But this time YOU hold the pigeon down and I'LL poop on its" quigley-d,"Kirk, As I am just catching up, I am not the one for storage and transportation issues as i do not trade them on a regular basis. I was under the impression i was working on the options and futures. Yes there has not been any meeting with me for the past two weeks. As for the conversion and arbitrage problems let me know , I am not sure what these are but am will to help." quigley-d,"Purvi, Thanks for the note. I am still working. Should know more with in a week. Who would have thought that this would ever happen. Life outside of work is going great. I feel blessed about that to help me through these tough times. How are you doing, work and personally ?" quigley-d,just to give you shit about your boys losing in OT anything new with vegas ?? quigley-d,are you setting golf up for this Saturday ? head to head for the beaver I am plus 1 1/2 to you if we are in the same four I am plus 2 1/2 to you if we are not in the same four quigley-d,"Kevin booked some tee times for 8 am Sunday morning, does this conflict with any plans ? Luv ya" quigley-d,"Monica, Due to several projects that have arisen I have been out of pocket the past week and a half. My schedule would allow for us to meet later in week next week, lets go for Thursday Nov 8th. Dutch My New Phone number" quigley-d,"Kevin, There have been several things change as of late in my life. One , we are not buying a townhouse anymore, we still have to sell our lot. Kay is going to stay at a townhouse near downtown and as of today i am looking for an apartment. I came to the realization that I got way off track , as I usually do , with the plan of both of us getting a place on our own for six months and going from there. I can not tell you how grateful I have been for the support both you and Nancy have given me during this time in my life. I know i have not been at your house as of late and that is due to being off track of the plan. Is it ok for me to be at your house on and off for the next couple of weeks as i get an apartment set up ? I will be working on renting a place that starts the 1st of the month. Let me know" quigley-d,Can you smell whats cookin' in the WWF ? I can and it's the Rock whoopin ass on the quigley-d,i love you very much also and sometime i need to let you express your angst and try not to get wrapped up in trying to make it all better but understand why you feel the way you do and work on myself and us as a partnership in life. ILY quigley-d,"I jsut left a msg for Kay , we might go out Friday to Sunday when are you going for the tent ??" quigley-d,"Morning Honey, I just asked for the three days off before thanksgiving. let me know if you have any ideas for us other than a Vegas vaction I have to work the Friday after Thanksgiving though I wish you a great day baby I love you" quigley-d,so are we tailgating or what ??? quigley-d,I have signed up for electricity through New Power and would like to be added to the pilot program. NewPower Connections Remote Energy Management Solution Henry Quigley 3503 Durness Way Houston TX quigley-d,dinner for 4 monday night at 8 pm would you rather of gone jsut the 2 of us ????? quigley-d,Sarah anymore fall out with fimat ?? talking to edf quigley-d,"Ina, I gave you a cellular bill to be expensed last week or early this week, do you still have it ? Also do you have the flight info for Miami and hotel info ?" quigley-d,i am out until next weds. will get back to you quigley-d,I am glad to hear that the move went well. I am sure that you will do great and that you will learn alot. I do not know if you got a hold of Kori or not but she has been here during the week and gone on the weekends. I will be in sunny Florida this weekend and will be thinking of all my gator friends : ) Hope everything is going great quigley-d,"I am in and Sep 9 works for me , I will be out of town for Labor Day weekend. late morning or early afternoon is the best time for me on the 9th" quigley-d,"Hi David , At this time I do not know of a rotation on the NYMEX desk. Both Justin and myself are both Associates currently on the desk that will not be rotating for some time now." quigley-d,"Thanks for the call, I was on vacation. Lets set up a time to talk , later in the day is best for me. Let me know when is a good time for you. Dutch" quigley-d,"at least i am up 12,500 on the trade from Sat. b/c my team sucked but i did beat john in the uhffl do we need to start doing anything for the tail gate ???" quigley-d,where are you at now baby ? ILY quigley-d,Great Idea Howard. Can you add dutch_quigley@yahoo.com as my email address. Look forward to the happy hour. quigley-d,Do you have a full day of work today ? i get off early and wanted to know if you and some others might want to goto a late lunch ? quigley-d,"Hey Bro, My wife worked here also and has been let go. I work for the Natural Gas Trading group that they are trying to sell. Should know by the end of the week about my job. I was just talking to Kevin Crawford about you 2 weeks ago when we were in Vegas. Good to know that you are still out there. How are you doing these days ?" quigley-d,workout was great i am really going to try and do the morning workout i was much more together with it this morning how was the walk in this morning ms big deal ?? quigley-d,It has been a pleasure getting to know you. Let me know if you need anything. Dutch HM 713-533-0882 Cell quigley-d,"oh , we might go to the UT game one Sat. so I am not sure if i could play or not on" quigley-d,"good luck with that , hun do we have a plan for Sunday ? asked to play golf in the woodlands again LOVE YOU LOTS BABY" quigley-d,"Mojo, that is sweet , pardon the pun those cakes look great , what is in the casino cake ? it looks pretty cool How are things going for you ? Have you settled into a groove yet ? This past weekend was great for me. I spent the entire weekend with Kay , we had dinner with my parents on sat. Night and just hung out the entire weekend. I have had a very different out look on life lately and it has been working well for me. I have started to ask alot more questions instead of always assuming the answer. It has been working well for me. Hope all is good with you. Laters" quigley-d,on these assignments how much can be taken from the NYMEX web site ? I was finishing the write up and came across there web presentation that is much more detailed. Can we copy it over to be used ? quigley-d,"Ina, You can book my flight from Houston with everyone else. Sorry for the pain of having to wait on me." quigley-d,So on the EDF Man acct if we executed and cleared throught them the total cost paid to EDF is what ? with the Floor rate 1.25 & clearing quigley-d,"Hey Purvi , Glad to hear that you are doing well. Sorry so late on this, I have used ALtra , TransEnergy , and Risk Works. Enron uses all self built risk programs. I have also heard good things about Crystal Ball but do not know much about it. I hope all is well" quigley-d,"Ina, Three things please; 1. Do I order business cards through you or the associate program 2. For my left line I need a shoulder rest & a mount put under my desk 3. I need a tray that will mount on to the divider of the desk Let me know what I need to do so I can get this done" quigley-d,"that is great , how are the two of you doing these days with her back to work and life moving forward ? tell me about the vegas trip for the 100th time , when where and $ thnx" quigley-d,"Ina, Can you set up a room for me to meet with the Accenture Team on Tues. at 2:30. Thnx" quigley-d,"Julie , Futures Execution Brokers; Paribas Louis Caiafa 212-841-3366 Bill Dowdell 212-590-1251 Fimat Reid Maurer 212-590-1748 ABN Mark Silverman 212-738-6651 212-590-3054 EDF Man Brian Cox 212-738-6890 Matt Mahar 212-590-3484 Tradition Scott Waldman 212-590-3533 Carr Mike Hefner 646-658-2970 Options Execution Brokers; Clarion (212) 590-1410 CRW (212) 590-4128 SCS (212) 590-4080 Capital (212) 738-6838 Chicago (212) 590-1676 Energex (212) 590-1394 HQ (212) 738-5757 VTM (212) 590-3911 Paramount (212) 590-3731 Nova (212) 738-6610 Enron NYMEX Margin Operations Personal; Todd Warwick , Account Mrg., Currently is waiting on the new company to be formed can be reached at 713-853-9380 Gerri Gosnell , Staff Member , Currently is waiting on the new company to be formed can be reached at 713-853-4849 or 281-252-9292 Frank Cernosek, Sr. Specialist , is currently working for Enron the Estate and can be reached at 713-853-1581 We were paying $3.50 a turn in NYMEX fees to execute and clear futures. If you need and further information you can contact me at 713-853-9216 Dutch" quigley-d,good to see you made it back to the states where are the dreads ??? quigley-d,is your im user id beckyoung17 ?? quigley-d,"I would still like to play golf this weekend b/c it is the friendship that is fun I might even take on Ernesto for the Brock dog challenge It is truly sick what happened , I was talking to a broker that was in the second world trade tower as it got hit and he was describing what was going on. Several people I know made it out of both buildings but many are not yet accounted for , so at this time all there is is hope. May everyone have a peaceful day" quigley-d,"> America: The Good Neighbor. > > Widespread but only partial news coverage was given > recently to a remarkable > editorial broadcast from Toronto by Gordon Sinclair, > a Canadian television > commentator. What follows is the full text of his > trenchant remarks as > printed in the Congressional Record: > ""This Canadian thinks it is time to speak up for the > Americans as the most > generous and possibly the least appreciated people > on all the earth. > Germany, Japan and, to a lesser extent, Britain and > Italy were lifted out of > the debris of war by the Americans who poured in > billions of dollars and > forgave other billions in debts. None of these > countries is today paying > even the interest on its remaining debts to the > United States. > When France was in danger of collapsing in 1956, it > was the Americans who > propped it up, and their reward was to be insulted > and swindled on the > streets of Paris. > When earthquakes hit distant cities, it is the > United States that hurries in > to help. This spring, 59 American communities were > flattened by tornadoes. > Nobody helped. > The Marshall Plan and the Truman Policy pumped > billions of dollars into > discouraged countries. Now newspapers in those > countries are writing about > the decadent, warmongering Americans. > I'd like to see just one of those countries that is > gloating over the > erosion of the United States dollar build its own > airplane. Does any other > country in the world have a plane to equal the > Boeing Jumbo Jet, the > Lockheed Tri-Star, or the Douglas DC10? If so, why > don't they fly them? > Why do all the International lines except Russia fly > American Planes? > Why does no other land on earth even consider > putting a man or woman on the > moon? You talk about Japanese technocracy, and you > get radios. You talk > about German technocracy, and you get automobiles. > You talk about American > technocracy, and you find men on the moon - not > once, but several times - > and safely home again. > You talk about scandals, and the Americans put > theirs right in the store > window for everybody to look at. Even their > draft-dodgers are not pursued > and hounded. They are here on our streets, and most > of them, unless they > are breaking Canadian laws, are getting American > dollars from ma and pa at > home to spend here. > When the railways of France, Germany and India were > breaking down through > age, it was the Americans who rebuilt them. When > the Pennsylvania Railroad > and the New York Central went broke, nobody loaned > them an old caboose. > Both are still broke. > I can name you 5000 times when the Americans raced > to the help of other > people in trouble. Can you name me even one time > when someone else raced to > the Americans in trouble? I don't think there was > outside help even during > the San Francisco earthquake. > Our neighbors have faced it alone, and I'm one > Canadian who is damned tired > of hearing them get kicked around. They will come > out of this thing with > their flag high. And when they do, they are > entitled to thumb their nose at > the lands that are gloating over their present > troubles. I hope Canada is > not one of those."" > ""Stand proud, America!"" > This is one of the best editorials that I have ever > read regarding the United States. It is nice that one man realizes it. I only wish that the rest of the world would realize it. We are always > blamed for everything, and never even get a thank you for the things we do. > I would hope that each of you would send this to as many people as you can > and emphasize that they should send it to as many of their friends until > this letter is sent to every person on the web. I am just a single American > that has read this. > >" quigley-d,"Errol, Go ahead and flip the swap it should be a buy. Thanks" quigley-d,"Gerri, They David Early told me that you have already been contacted that the money would come over ? They told me that it would." arnold-j,you suck. how pissed will you be if the guy next to me catches 71. call me before you leave tomorrow. arnold-j,"i've been selling. was long 500 and selling out. everybody will be expecting the crude draws. they dont matter. think this is tremendously bearish all energy demand. supply shocks are the only question, but I dont think US will end up fighting a war against the middle east. Who cares if we nuke afghanistan?" arnold-j,"most bullish thing at this point is moving closer to everyone's psychological $4 price target and that everybody and their dog is still short. next sellers need to be from producer community. saw a little this week with williams hedging the barrett transaction but wouldnt say thats indicative of the rest of the e&p community. short covering rallies will get more common here. velocity of move down has slowed significantly for good (except maybe in bid week). my concern is if we go to $4 and people want to cover some shorts, who's selling it to them? might feel a lot like it did when we were trying to break $5." arnold-j,"Agree with the first paragraph. Bets get tougher from here. Not so obvious and require much larger size to get same juice. Generally not a good position considering the current world order, or disorder. Not much juice in gas basis either. This is where we see whether we are good traders or just great fundamentalists." arnold-j,jeanie: i really need the docs on both phantom stock and options. please please please arnold-j,at some point it has to or we're going to shut-in economics. that may be the answer. arnold-j,Bo: I may need to post some EFS after the close today. Can you get that process approved? arnold-j,sounds like it's clean from your side. I HATE SWAPTIONS!! arnold-j,"sure, how about thursday at 3:30? would like to get update on ENE's lng projects as well. Jonathan Whitehead @ ENRON 04/24/2001 07:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: LNG John, I have just arrived in Houston, and will be running the LNG Trading & Shipping business. I worked for Louise for many years, and took over the European Gas business from her when she came over here a few years ago. I'd like to meet you and discuss a few issues. 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We provide as-is and refurbished workstations by Steelcase, Herman Miller, Haworth, Knoll and more. ================================================= WE PURCHASE WORKSTATIONS, FILING, SEATING & DESKS ================================================= ************TRADE SHOW REMINDER************* Managing the Real estate Game July 26 - 28, 2001 Vancouver, BC Canada Http://www.ifma.org 28th Annual NACORE Exposition Sept. 22 - 25, 2001 Nashville, TN Http://www.nacore.com IFMA`s World Workplace Sept. 23 -25, 2001 Kansas City, MO http://www.ifma.org NeoCon New York October 31 - November 1, 2001 New York City, NY http://www.merchandisemart.com/neoconeast/ NeoCon West November 29-30, 2001 Los Angles, CA http://www.merchandisemart.com/neoconwest/ ********** USEFUL SITES ********** Today's Facility Manager http://www.tfmgr.com Association Higher Education Facilities Officers http://www.appa.org Business Facilities http://www.busfac.com Facilities Design http://www.fdm.com Intl Facility Mgmt Assoc http://www.ifma.org Facilities Resource Mgmt http://www.frmcorp.com FM Datacom http://www.fmdata.com Facilities Exchange http://www.fmlink.com Facilities Pro Resource http://www.facilitiesnet.com Facilities Engineering http://www.afe.org International Society of Facilities Executives http://www.isfe.org Facilities Source http://www.FMsource.com International Development Council http://www.idrc.org/ =================================== Aron Groner cubicles.com - a division of - Office Assets Management, Inc. http://www.cubicles.com 38 W. 38th Street, 4th Floor New York, NY 10018 e-mail: ag@cubicles.com PH: 212-764-9027 Fax: 212-764-5105 =================================== ooO Ooo -------------------------------------------------------------------- Under Bill s.1618 TITLE III passed by the 105th U.S. Congress this letter cannot be considered spam as long as we include: Contact information and offer a way to be removed from future mailings. To be removed from these monthly specials e-mailers please send a e-mail to removeme@cubicles.com with your name, address, company name and the exact e-mail address this message was sent to. If you desire removal allow us to extend our sincere apologies for any inconvenience your receiving this message may have caused." arnold-j,We just finished doing the xpit that they asked for. They have agreed to send the money immediately after that was done. We should be getting the money very soon. Hold off on the letter right now. arnold-j,schweiger's been preparing for that mtg since wednesday. how do you think lay/whalley did? arnold-j,Hey babe: Any chance there are copies of the Nightline and/or Frontline shows lying around?? arnold-j,"yea, that was for oct a couple hours before expiry. dont have a whole lot of interest being fundamentally long crude. maybe for a scalp buy if we get overdone which we might be this morn. T Boone how?" arnold-j,marcus: any thoughts about next weekend? i still want to go somewhere. this is killing me. how about south america or is it too far? arnold-j,would like to meet to review to make sure i understand. may only take a couple minutes. are you free at 330 on arnold-j,"i just cant get too enthused about the short side. why did cash go out trading +5 for a weekend when there was zero power gen demand. the easy answer is that pipes were short and everybody playing catchup from this week. fine. what's it going to trade next week. the gas daily swap implies flat, but it's lagged the actual spread all month. i think cash surprises by trading positive next week with no power gen. this market is not trading like we run out of injection space. so either the market is wrong (maybe but a dangerous assumption to make) or I don't see why sep is so overvalued relative to the rest of the curve. you can certainly argue that the winter and cal 2 are too high, but those certainly don't seem to be going down very fast. march is off 8 cents since jun 29. so if the market wants to say that march is worth 354, then why is sep too high at 298?" arnold-j,"For what it's worth, I liked your answer to the California attorney general comment in the journal. what a freak that guy is." arnold-j,"Under new rules instituted this year by Commissioner Bud Selig, an umpire can automatically eject a pitcher if he believes he's throwing at a batter. He does not have to issue a warning before an ejection. Fletcher did not warn Mann for hitting Gonzalez or Cordova. ""The umpire said Bartolo threw the ball at his head and that's an automatic ejection,"" said Manuel. ""But the ball missed his head by three feet. It tipped off his bat."" Colon said he wasn't trying to hit Servais. ""I will protect my teammates,"" said Colon, speaking through bullpen coach/interpreter Luis Isaac. ""I can hit anyone I want at any time. That's why I feel bad. I wasn't trying to hit him. The ball slipped."" Fryman defended his pitcher. ""At no point, do I approve of throwing at someone's head,"" said Fryman. ""But that pitch did not surprise anyone in the ballpark. Bartolo should not have been ejected. There should have been an immediate warning to each bench." arnold-j,"With the daily chaos that ensues on this floor, sometimes communication is sacrificed. Fortunately, we have the message board to facilitate real time sharing of information. I think all of us, including myself, underutilize this tool. I want to encourage everybody to keep the board open on their computers all day long. In addition, I want everybody to post at least one message every day. This can be an interesting trade that just happened, what counterparties are trying to do, new information you uncovered, etc. Information we learn can be very valuable to other desks and it is only fair that if we're taking info from the board, we should be contributing as well." arnold-j,"Eddie Gaetchens (?), Marty, and Kevin from Man are coming down Wednesday if anybody is up for dinner or" arnold-j,"There will be a desk head mtg tomorrow, Sunday, at 3:00 on the 33rd floor per Lavorato to discuss positions and strategy. Please confirm via email. My cell # is 713 557 3330 if there are any problems." arnold-j,"ina: we're going to have a mandatory eol trading simulation session today at 4:00. Can you email all traders on the floor and make sure the desk heads know. Also, postpone my 4:00-5:00 mtgs until after 5 or tomorrow." arnold-j,He should call you today or tomorrow morning. I do not have a list of interviewers in mind. I would like Bill White to talk to him though. Thanks. arnold-j,"Mark: I looked into the payment. Unfortunately, there is nothing I can do. Everything has to get approved by lawyers and they can't pay a vendor arbitrarily. I'll keep working on it. Sorry. What do you think of ng and cl here?" arnold-j,"i'll pay a grand total of 0 ""Eva Pao"" on 05/10/2001 05:15:59 PM Please respond to To: cc: Subject: try this one... Please read the following problem very carefully, and write in a number at the end. You should be ready to defend your answer. Only a number is allowed, not an algebraic equation. Acquiring a Company In the following exercise you will represent Company A (the acquirer), which is currently considering acquiring Company T (the target) by means of a tender offer. You plan to tender in cash for 100% of Company T's shares but are unsure how high a price to offer. The main complication is this: the value of Company T depends directly on the outcome of a major oil exploration project it is currently undertaking. Indeed, the very viability of Company T depends on the exploration outcome. If the project fails, the company under current management will be worth nothing--$0/share. But if the project succeeds, the value of the company under current management could be as high as $100/share. All share values between $0 and $100 are considered equally likely. By all estimates, the company will be worth considerably more in the hands of Company A than under current management. In fact, whatever the ultimate value under current management, the company will be worth fifty percent more under the management of A than under Company T. If the project fails, the company is worth $0/share under either management. If the exploration project generates a $50/share value under current management, the value under Company A is $75/share. Similarly, a $100/share value under Company T implies a $150/share value under Company A, and so on. The board of directors of Company A has asked you to determine the price they should offer for Company T's shares. This offer must be made now, before the outcome of the drilling project is known. From all indications, Company T would be happy to be acquired by Company A, provided it is at a profitable price. Moreover, Company T wishes to avoid, at all cost, the potential of a takeover bid by any other firm. You expect Company T to delay a decision on your bid until the results of the project are in, then accept or reject your offer before the news of the drilling results reaches the press. Thus, you (Company A) will not know the results of the exploration project when submitting your price offer, but Company T will know the results when deciding whether or not to accept your offer. In addition, Company T will accept any offer by Company A that is greater than the (per share) value of the company under current management. Thus, if you offer $50/share, for instance, Company T will accept if the value of the company to Company T is anything less than $50. As the representative of Company A, you are deliberating over price offers in the range of $0/share (this is tantamount to making no offer at all) to $150/share. What price offer per share would you tender for Company T's stock? $______" arnold-j,"of course. info here goes nowhere. we've had trouble discerning where the switching takes place because the economics get very blurry: credits, ldc costs, transport, taxes, restrictions on # hours plants can burn resis are hard to account for and are different for everybody. also some noneconomic factors... convenience, inertia, multi-month fuel purchases, hedges, accounting procedures, resid in storage already... It's a big blur in my mind. I look at general levels and for anecdotal evidence. have seen zero anecdotal evidence so far. will also watch aga's for the indication, but so will everybody else." arnold-j,"most bullish thing at this point is moving closer to everyone's psychological $4 price target and that everybody and their dog is still short. next sellers need to be from producer community. saw a little this week with williams hedging the barrett transaction but wouldnt say thats indicative of the rest of the e&p community. short covering rallies will get more common here. velocity of move down has slowed significantly for good (except maybe in bid week). my concern is if we go to $4 and people want to cover some shorts, who's selling it to them? might feel a lot like it did when we were trying to break $5." arnold-j,i would still like to conduct the test. we may have 10-20 internal orders at a short interval after arnold-j,yea. Give me your cell and home numbers. arnold-j,How about next wednesday?? arnold-j,I actually went to go talk to him yesterday but he was already gone and he's on vacation today. I'll talk to him next week. Probably better for him to hear the benfits from my mouth. We do need to talk to him before we get too far. EOL working very well as of late. arnold-j,Kristin: Sorry for the delay. Unfotunately I don't have any openings in my group right now. If I hear of any positions open I'll give you a shout. Can you remind me what title you have now. arnold-j,"fuck you 239b3989d@msn.com on 04/14/2001 05:42:02 AM Please respond to leehouse211@asia.com To: 6na10@msn.com cc: Subject: I need your phone # to help your debt problem. [h7gmu] How would you like to take all of your debt, reduce or eliminate the interest, pay less per month,and pay them off sooner? We have helped over 20,000 people do just that. If you are interested, we invite you request our free information by provide the following information. Full Name: Address: City: State: Zip Code: Home Phone: Work Phone:" arnold-j,"i don't have a problem with that. The 3 factors I ask in releasing info are: 1. Do customers even know the info is available or useful? 2. Is the info publicly available? 3. Is the info easily obtainable? In this case, the answer is yes to all three, so I don't care. If the answer is no to one or more of the above, a judgment call has to be made." arnold-j,just got some tix in right field for tonight's game. any interest? arnold-j,"there are few scenarios whereby that spread comes in except if you take it to settlement. if dec is strong, jan is strong too. if dec is weak, jan retains some risk premium." arnold-j,"no crap, what's your bid? ""Eva Pao"" on 05/13/2001 12:48:23 AM Please respond to To: cc: Subject: Extra credit break even on info ass-symetry is 100%, any project above that level is profitable to Pooks&Co." arnold-j,"seeing very little buying from end users. some longer term selling from producers. have had one guy who sold about 300 month cal 2,3,4. just gets soaked up in the market though. some buying is from more generation guys. duke bot 10,000+ lots of cal 7-13 last week. also think some guys buying cal 3 so they can sell more in the front. el paso sold delta equivalent of probably 12-15 a day yesterday. got soaked right up. mar/apr way overvalued but so hard to bring in. just a function of cal 2. cal 2 been weak as seen a lot of m/m q/q v/v spreads recently, guys trying to buy the front. hard to believe m/m is flat. just goes to show how overpriced cal 2 is in my mind..." arnold-j,"in regards to the stock, tell me about it. flat price me thinks we go nowhere for a while. think the next push down doesnt come again until late october. im buying z 300/250 put spread for 11. still looking for 3.1 by end of season. probably 2.95-3.0 for nov 31. who wants baseload gas for dec in that scenario? aga's... think high 70's is neutral the market. if it comes out 70-85 you can shit on vol. that'd be good for me." arnold-j,"Hey: Haven't spoken to you in a while. Let's get a drink sometime soon. I'm taking a week and a half off starting July 4 but after that, maybe we can go a Astros game. Congrats on Connor. Hope everything is well. 909 Texas Ave #1812 Houston, TX" arnold-j,"Appreciate the offer but I won't be able to get out of work, ""Piasio, Stephen [FI]"" on 05/10/2001 11:23:18 AM To: ""'jarnold@enron.com'"" cc: Subject: myrtle beach do you or any one of your colleagues at the mighty Enron want to join us at our annual golf outing in Myrtle Beach. You pay the air, we've got the rest. Only 4 rules: no cologne no top button buttoned on the golf shirt not permitted to break 100 no cameras reminder: Friday June 1 2 rounds Saturday, June 2 1 round/poolside Sunday, June 3 1 round Enron has an open invite. Please let me know." arnold-j,"That's what I'm talking ABOUT !!!! ""Eva Pao"" on 04/16/2001 09:35:14 PM Please respond to To: cc: Subject: FW: Clay Christensen Speaks: Wednesday, 3:30, Spangler Auditorium!" arnold-j,i felt fine. i ate a breakfast bar before i went. normally dont do that. wont be doing that again. wanna do something tonight? what time do you get out of here? arnold-j,my little junior league girl. so sweet. let's leave around arnold-j,no clue. not a movie buff. arnold-j,I would pay $300 for the tix tonight. I feel ripped off for the crappy game I had to sit through tuesday. arnold-j,crazy day....this day took a week off my life. plans tonight? arnold-j,1. i would guess notional value $2-3 bil per day including financial derivatives. 2. probably doubled market share in gas since eol 3. probably 25% of our trades are arnold-j,I've got them. What's your fax arnold-j,"i guarantee it. you're not still pulling that leg thing, are you. we don't work out again until wednesday." arnold-j,he's going to start trading a cross commodity vol book. concentrate mainly on gas and power. maybe some weather and products. identifying any high risk/reward longer term vol trades we should be doing. arnold-j,"you're right about the email address. thanks. as i said, if your product allows enron to reach more customers, we would have interest in participating in the structure." arnold-j,"So, well....I was thinking, um, you know. Uh, never mind. But actually, I was wondering (cough,cough) that, well. Ok, I'm just gonna say it. Are you you ready. Ok, here it goes... Would you like to get a drink some time? J p.s.--Whew, I was never good at asking girls out but I think that went pretty smoothly." arnold-j,Sounds good. I have cash. I work at the old Enron building. Just give me a call when you're close and I'll meet you on the street right in front of the building. arnold-j,"the 14 mm loss was due to a booking mistake that could not be corrected before the books were posted and is being corrected tonight Chris Abel 04/16/2001 01:08 PM To: Mike Grigsby/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT cc: Frank Hayden/Enron@EnronXGate, Kenneth Thibodeaux/Enron@EnronXGate, Shona Wilson/NA/Enron@Enron Subject: Loss Limit Notification for April 11th and 12th Mike, can you please provide an explanation for the $71mm loss on the 11th and the $31mm loss on the 12th, for reporting purposes? John, can you please provide an explanation for the $14mm loss on the 12th, for reporting purposes?" arnold-j,"Gad: Sorry for the extremely late response. Despite the fact that Eva referred you, we would have interest in meeting with you about emplyment opps. I was planning on going to NY in a couple weeks but at this point, I don't know. I would highly recommend that you follow the formal recruitment program in addition to any talks we have. Although I can recommend to make you an offer, it is much easier if it is done in parallel with the associate recruitment program. After the current events calm down, we can talk via phone about my experience here and why I think there are some good opportunities here." arnold-j,"For extra credit.... If the company is worth 150% more under management A rather than 50% more, does your answer change? ""Eva Pao"" on 05/11/2001 05:13:59 PM Please respond to To: cc: Subject: RE: try this one... will you do all of my homework?" arnold-j,"fuck you y6qa@msn.com on 04/15/2001 07:41:11 AM Please respond to annamaedicastro2195@witty.com To: bib28@msn.com cc: Subject: Stop harrassment by creditors, today! [amfos] Are you behind in bills? Late on a payment? Let us help you get out of debt NOW! If you are interested, we invite you to request free information at the end of this form. What we can do to help YOU! * Stop harrassment by creditors. * Reduce your principal balance up to 50% * Consolidate your debts into one low monthly payment * Improve your credit rating * Lower your monthly payments by 40% - 60% Things to keep in mind: * There is no need to own property * There is no need to own any equity * This is not a loan This is a program that has helped thousands just like YOU! If you are interested, we invite you to read our free information please provide the following information: -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- Full Name: Address: City: State: Zip Code: Home Phone: Work Phone:" arnold-j,can you have Kathy Gribstald (?) send me an electronic copy of the picture that appeared in the Enside mag?? arnold-j,"that night i had so much brain damage i couldnt function. as opposed to ???? ""Lafontaine, Steve"" on 05/07/2001 06:29:44 AM To: John.Arnold@enron.com cc: Subject: RE: you shudda been in vegas was a great time-sat at bo collins dinner table spoke briefly. by that nite i had so much brain damage i couldnt function." arnold-j,"no ""Eva Pao"" on 05/13/2001 03:02:45 PM Please respond to To: cc: Subject: am i right??? wait, of course i am. i always am." arnold-j,Johnny: I'll get Mark Findsen to call you. Can you have at least 1 trader interview him as well. arnold-j,"If these problems are not being addressed as they should be, call me and I'll get on it. This is unacceptable." arnold-j,"most bullish thing at this point is moving closer to everyone's psychological $4 price target and that everybody and their dog is still short. next sellers need to be from producer community. saw a little this week with williams hedging the barrett transaction but wouldnt say thats indicative of the rest of the e&p community. short covering rallies will get more common here. velocity of move down has slowed significantly for good (except maybe in bid week). my concern is if we go to $4 and people want to cover some shorts, who's selling it to them? might feel a lot like it did when we were trying to break $5." arnold-j,"if the number last week was right, then that looks possible. however, 2 weeks ago the # came out higher than everybody thought so all the models were jacked up. aga is certainly much better than the api but still cant put too much into one" arnold-j,exaggerations...word travels everywhere doesnt it? how'd you hear? me thinks everybody short and everybody wants the market to go down. I'm relatively flat and would love to squeeze all the fuckers out so I can sell them 20 cents higher. arnold-j,"he was contacted directly. Why, are you trying to find a good one?" arnold-j,"schedule 30 min to sit down with me either mon or tues after 430. if you want to get info, sending out an email survey is not the right way. much easier to respond to a question in voice rather than typing it out. on 04/09/2001 04:17:59 PM To: jarnold@enron.com cc: cwomack@rice.edu Subject: EnronOnline competitor questionnaire Hello Mr. Arnold, Thank you for speaking with me today with Kenneth Parkhill. Unfortunately, none of my teammates are available to meet with you today. Would you please review our questionnaire and reply back to me with your comments about the questionnaire and answers to any questions that apply to your work. We will follow up with you later this week if we have questions. Thank you for your help. Charles Womack 2002 Rice MBA Candidate 281-413-8147 cwomack@rice.edu -" arnold-j,"from saturday-monday....did 194 trades, exactly half internal. how'd george do?" arnold-j,"did not, but I went to my wine locker and picked out 12 bottles for the weekend so I think we're okay unless you're taking some to your friends. I'll call you when I'm ready and we'll figure it out." arnold-j,funner than provincetown??? arnold-j,"sure, send it over. as the investing contrarian i am, if everybody else is getting out of late-stage vc, i'll take a look." arnold-j,have you taken any finance courses yet? what's good? arnold-j,absolutely...though i'm not sure how you do it. call chris gaskill and he should be abl to arnold-j,"Savita: I'm going to need an additional report daily for the next couple weeks: for the top 50 counterparties a summary of total EOL volumes and phys gas volumes for average of rolling 30 days, average of rolling 5 days, and previous day with volume differentials in percent relative to 30 day average. For instance : TOTAL VOLUMES Previous day 5 day 30 day Aquilla 240 -20% 330 +10% 300 El Paso 275 +10% 200 -20% 250 US GAS PHYS FWD FIRM <= 1 MONTH BUY SELL Previous day 5 day 30 day Previous day 5 day 30 day Aquilla 24 -20% 33 +10% 30 16 -20% 24 +20% 20 El Paso 30 +20% 20 -20% 25 5 -50% 10 0 10 Please advise how quickly you can put this together." arnold-j,felt much better after i puked 4 times this morning. you doing anything tonight? arnold-j,the nymex is so technologically incompetent that they have no idea. after working on it for 18 months they're trying to buy are technology arnold-j,"Sorry, but don't know the names offhand. Haven't seriously looked externally for 5 years." arnold-j,"The y/y spreads have come in decently over the past week and a half. The 2/10 spread has moved from 104 to 94. It may be a good time to move the 3-10 to a cal 2 trade. Pira just gave their seasonal conference in NY and they are very bullish long term gas. Pira's forecast Nymex Cal 2 2.45 2.99 Cal 3 3.00 3.31 Cal 4 3.70 3.40 Cal 5 4.00 3.48 Cal 6 4.10 3.57 Cal 7 4.20 3.66 Cal 8 4.30 3.75 Cal 9 3.60 3.84 (TransAlaska Highway Pipeline) Cal 10 3.80 3.93 3-10 3.84 3.59 Regardless of what you think of Pira and long term price forecasts, the rest of the market does listen. They have a tremendous amount of respect in the industry and affect how customers and producers hedge. The flow, which has been buyers over for the way backs, I think will get more pronounced, especially if the front goes down. In the past week, I've sold Duke 40,000/d Cal 6-10 and 25,000/d Cal 7-10. I've sold PGE maybe 30,000 day Cal 4-5. The only seller has been El Paso whom I believe is hedging production. He is trying to pressure the y/y spreads as a spec trade that I think was/is being done to front run the corp hedges. I've used it as an opportunity to put a lot of spreads away for inventory down the road. If you want to buy this strip back in the next 6 months, I think it's going to be much easier/cheaper to roll it closer." arnold-j,just bot them. I'll save one for you. just let me know asap. arnold-j,we'll do it another time...i dont really want to talk about work all night. thanks arnold-j,"i think i've got yahoo somewhere on my computer. i'll try to find it. expecting 110 today. still think we're not at fundamental equilibrium but scared that, as much as i hate technicals, the wave 3 is over and we can do some serious chop here. if we didnt have expiry in 4 days i'd be worried about a short covering rally. however, i think the market is going to have a hard time placing the baseload gas this month. the storage guys are all above their targets right now and expect them to back off relative to last month." arnold-j,"i'm going to run to needless markup real fast. that have a big sale starting today. if you don''t want to go, i'll pick you up after..." arnold-j,where did you get this info from? have not seen the generators who hedged before selling out. mostly just seen calpine selling. arnold-j,"I called and you were off the desk... Jan 2005-Dec 2009 settled a little high at 4.136. Referencing a bid of 4.12 on the strip, we are 46.5/48 on the $5" arnold-j,had phone problems ...lost my charger. It was good. I may be the most influential in the world of finance in the past 50 arnold-j,"Jennifer: I don't think we have much interest in doing this interview since it primarily pertains to our views of the market. I would speak in such generalities that it probably wouldn't be a good interview. John Jennifer Walker@ENRON 05/07/2001 08:57 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RISK Magazine Interview John: Kevin Foster with Risk Magazine is working on an article for the June issue regarding Gas Markets in the U.S. Basically, he is interested in Enron's opinion of: 1. Physical Supply/Demand of gas and how this is affecting financial trades 2. Where do we anticipate gas prices going over the summer? 3. The state of the industry--any major issues that may affect the market? If this sounds like a story we would be interested in doing, please let me know and I will coordinate a short phone interview with Kevin Foster. I know it usually works best for your schedule to do this after 4pm, so please let me know if Tuesday after 4 would be good for you. Thanks for your help and please call me with any questions. Jennifer Walker Public Relations" arnold-j,"Only took me 3 weeks to respond. That's pretty good for me. I think things started collapsing the day I got your original email. Obviously not an opportune time to come take the tour right now. Not so impressive when the building is 80% empty. If/when we get the operation started again, I'll bring you up for a tour." arnold-j,"Not so impressed with David goldman. For a guy who has worked in derivatives for 10 years, couldnt answer some simple questions. Very poor financial derivatives knowledge even though he worked at CRT for a long time and a Lyonnais for a while. The only value I see in him is that he worked at BP for a while and might have some knowledge as to how they work." arnold-j,"yes, he'll be at work on monday. can you have docs ready sometime during the day? by the way, these are crappy pics. The prediction company says you go 4-7." arnold-j,P.S. - Can you bring me some free samples of the bladder control medicine. It'll save me some money. arnold-j,are you on msn messenger. i think i'm set up with it. arnold-j,"fuck you 8aya1r@msn.com on 04/15/2001 07:41:06 AM Please respond to korydegan4034@publicist.com To: fb753z@msn.com cc: Subject: Need help with your bills this month? [swbij] Are you behind in bills? Late on a payment? Let us help you get out of debt NOW! If you are interested, we invite you to request free information at the end of this form. What we can do to help YOU! * Stop harrassment by creditors. * Reduce your principal balance up to 50% * Consolidate your debts into one low monthly payment * Improve your credit rating * Lower your monthly payments by 40% - 60% Things to keep in mind: * There is no need to own property * There is no need to own any equity * This is not a loan This is a program that has helped thousands just like YOU! If you are interested, we invite you to read our free information please provide the following information: -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- Full Name: Address: City: State: Zip Code: Home Phone: Work Phone:" arnold-j,"sorry,sorry,sorry Yesterday was just a little crazy. Crude had it's biggest fall in 10 years so that translated into a very busy day. Plus my best employee was just offered a job across the street for a big chunk of money. At least I made money. I should be getting my phone line at home today (of course they've been saying that for 5 days now) at which point they can install dsl. Thatll make it much easier. Went to the bb game again last night. Love them stros. How'd you're presentation go last night? Did the doc talk good about your drug? Have a good one," arnold-j,"Tell them that margin will be posted as normal, no excess nor any intraday calls. Since ENE is flush with liquidity, he should be very comfortable that we can pay our bills. The positions will roll off through time until the position gets very small and then we will x-pit everything out of Man and close the account. Anything different and all dealings between Man and Enron in energy will be terminated in both OTC and futures." arnold-j,"Jeff: The trade did go in yesterday to book ""oil-price-spec"". If this is not the right book, email or call." arnold-j,I'm sure he'll come down whenever we ask. Should I tell him to get his butt down here and show us the love? arnold-j,"everybody and their mom is short. Plus, a lot of people think the z/f is too wide so either the front needs to go up or the back down." arnold-j,"Tell him I'm free to meet Oct 19, 2085 at 2:00 AM. See if that's ok with him." arnold-j,I just found a taker. Sorry. arnold-j,Understand. Are you good with Bank of Montreal out that far? arnold-j,your welcome. It was really good to see you again. Maybe we can so something again before 2 arnold-j,actually a terrible game. bonds didnt get a ball out of the infield in the air. granted we werent exactly pitching strikes to him. arnold-j,what???? where is that? arnold-j,"me thinks the currency market has seen enough failed interventions that it shrugs off any intervention and may view it as a sign of weakness. me also thinks that until foreigners quit plowing all their money into the US the dollar should remain fairly strong. however, if all the hedge funds are short which i assume they would be, the turnaround will be very quick." arnold-j,that kid is hilarious. Do you know what his last name is? arnold-j,puts i assume. for what months? arnold-j,i'll get the movie and wine. my suggestion is something from central market but i'm arnold-j,hey buddy: heard you're in town. any interest in going to the bb game tonight? have some right field homerun catching arnold-j,"199.99+ $18 o/n shipping = 217.99 Visa 4128 0033 2341 1978 exp 8/02 shipping and billing address : John Arnold 909 Texas Ave #1812 Houston, TX 77002 713-557-3330 Ticketwarehouse@aol.com on 05/10/2001 01:20:57 AM To: cc: Subject: Re: eBay End of Auction - Item # 1236142249 (DAVE MATTHEWS TICKETS HOUSTON 4TH ROW 5/12) Pay Patrick Kenne, ticketwarehouse@aol.com, at paypal.com or bidpay.com, bid plus $12 for Fed-Ex Saver, or $18 for Fed-Ex overnight shipping. Put shipping info in note section. If you want Fed-Ex c.o.d., get a money order for bid plus $25 to Paula Fowler ready to give to fed-ex and e-mail me your shipping address. If you want to use paypal, add 1% to total, they charge me 2.3% now!! If you are sending a money order, send to Patrick Kenne 2879 Timber Range Court Columbus, Ohio 43231. Please include auction # and all shipping info." arnold-j,"Hey, Surprised to hear from you. jeff is in charge of nat gas operations and reports to sally beck who is in charge of all back office ops. as of this morn, he is still here. i've heard some wacky enron rumors before but this one is pretty good. where'd you hear this?" arnold-j,"fill in $ _____ per/share ""Eva Pao"" on 05/13/2001 02:39:23 PM Please respond to To: cc: Subject: RE: Extra credit what's my bid for what?? ps don't no crap me." arnold-j,Stranger: Any interest in getting a drink or dinner Tuesday? havent seen you in forever. arnold-j,Please delete previous message. It was meant for David arnold-j,"13 September 2001 3:28 PM Hey, by the way, did you ever find your cell phone??? Network traffic very heavy right now so you might not get this until tonight." arnold-j,"most bullish thing at this point is moving closer to everyone's psychological $4 price target and that everybody and their dog is still short. next sellers need to be from producer community. saw a little this week with williams hedging the barrett transaction but wouldnt say thats indicative of the rest of the e&p community. short covering rallies will get more common here. velocity of move down has slowed significantly for good (except maybe in bid week). my concern is if we go to $4 and people want to cover some shorts, who's selling it to them? might feel a lot like it did when we were trying to break $5." arnold-j,just got them. thanks a arnold-j,relaxed? how was it? arnold-j,i'm just kidding. i'm getting a haircut from 530-600. i'll call you when i get arnold-j,"ng lows in place but q1 forecast $2.2 ??? don't understand. also, what's longer term forecast i.e. past mar" arnold-j,thanks for doing that interview for me. can you reply to this? arnold-j,"sorry, just got your msg. cant go today. by the way, you're a lousy friend." arnold-j,"yes Ina Rangel 05/10/2001 05:47 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Question? John, Do you think we need to see about sending an IT Tech for you and Maggi on Friday to make sure everything is working okay? If we do, we would have to pay for their travel expenses. It would be beneficial to you instead of having to be on the phone with IT for any problems. Let me know." arnold-j,"Misti: I assume you are responsible for publishing the management reports. I cannot access these reports past May 11. Have they been published since then and if so, any idea why I can't get them?" arnold-j,11:42:07 am 18 September 2001 Happy B-Day by the way. Hope everything's going well. We're having network problems again so I hope you get this soon. arnold-j,what's your longer term 3-12 month view of heat? thinking about buying against short natty for next summer. arnold-j,I went to the Front Porch after the crappy game and then went back to my front porch with billy white. he wouldnt leave. stayed until 1:15. get the feeling he doesnt get out much. arnold-j,putting on your shirt to go to the bathroom in the dark??????????? arnold-j,"maybe, i don't even remember anymore... the numbers are running together. best of all, reduced my risk 50% today." arnold-j,talk to john griffith right now. in the future (month or so) it'll be andy zipper. arnold-j,I am sorry you lost the trade but this is not a matter that should be worked in the broker market nor should anybody be looking to profit off the situation. It is being handled directly to ensure the integity and liquidity in the market that is beneficial to all. arnold-j,"Hello, I noticed you carried several of the 98 Zoom Zins. Any chance you have the 33 year old vines version? Please advise," arnold-j,"no SOblander@carrfut.com on 05/01/2001 11:44:40 AM To: soblander@carrfut.com cc: Subject: Please respond Carr is hosting an enymex presentation at our office in New York this Monday, May 7th from 2-4 PM. We are double checking our head count to make sure that we will be ready for the people attending the presentation. If you would, please reply to this email with a yes or a no to indicate your intentions of attending this enymex presentation. Thank you. Carr Futures 150 S. Wacker Dr., Suite 1500 Chicago, IL 60606 USA Tel: 312-368-6149 Fax: 312-368-2281 soblander@carrfut.com" arnold-j,"think trade reluctant to sell here until they see aga on wednesday and knowing that tropical activity will develop at some point. however, think the failure from 335 last thursday will weigh on people. think that nobody wants to own above 325, only as very short term trade to sell to someone else 5-10 cents higher unless aga is very bullish." arnold-j,i have a meeting with Heath Schiesser (VP of Xcelerator) today. can I join the trucking fundies group instead? arnold-j,"For anybody that doesnt know, Maggi resigned today to go to El Paso. I will be sending out an email with a broader distribution this afternoon. Please keep this quiet until then. Plan to meet at 4:30 today to discuss the ongoing structure of the desk." arnold-j,We have the whole curve out. The nymex is just another trading platform that is inconsequential to markets we make except for arb opportunities and for the fact that our swaps settle against the nymex settlement. our volume is pretty normal at this point. arnold-j,"Jean: I think the location i talked about before is actually better for you. The area towards the edge of the building borders the northeast gas group, long-term originators, and mid-market orig group. not exactly who you need to be around. the location in the center is much closer to the east gulf group, specifically sandra, and the same distance to the central and texas trading groups. most importantly, it provides room for both your group and the trading group to expand. call me if you want to talk further.... thanks for the article." arnold-j,I would like to check availability for period of Dec 29-Jan 1 for 2 people. Please advise. arnold-j,yea right. on what? corporate marketing? arnold-j,"I'm running out the door to go drinking with the boys at front porch, right next to my apartment. I don't think your dad would like me so much. Will explain later. Sorry about your day. Maybe you can find some happiness in the book of prayers. Maybe you can find more happiness in the money. Talk to you later." arnold-j,ended up getting in late last night. monday night football turned into tuesday morning football. arnold-j,what happened to you last night? couldnt get ahold of you on your cell. arnold-j,any chance you can go to the game tonight? i've got the good ones.. arnold-j,"1. don't know. some industrial shutdown is not gas price dependent. some will not come back at the same prices it went off. residential conservation i think is underestimated and has a severe lag effect that will not come back as prices fall. as far as switching i dont think #2 is the floor some people think it is. maybe #6 is the floor. 2. you know my outlook for xh, with slightly above normal weather jan goes out at 2.75 and that is not constrained by a #6 floor. next jv, too far away to really run the numbers but think natty reestablishes itself as a $2.50-3.50 commodity. 3. the obvious 4. yes. believe if we end at 2.6 in the ground, the current nymex forward curve may be fairly priced. my belief is that at the current prices we will end up with much more than 2.6 and that $5 is not value if we have 2.8 in the ground and gaining y on y. circular argument that leads to my belief that prices must fall. 5. not necessarily. will loss of demand with normal weather cancel the fact that there will be much less demand destruction." arnold-j,flat. i had my lowest var in over a year this arnold-j,"may be looking to sell some naked calls soon. can you check that i would be approved to sell 200 of either 65 or 70's expiring somewhere between jul-jan. also, if i sell naked calls with a tenor of more than one year that expire worthless, do the gains get counted as LT cap gains?" arnold-j,"Veronica: Deutsche Bank asked me to ask you to call their maintenance margin person, John Jones, at 212 469 6773. I think they are trying to margin us." arnold-j,i really have no idea. probably lower just becasue of the trend and overwhelming bearish view of the market. arnold-j,"it's the one thing that could really hit the market. There are a lot of gas hedges on against those trades. If they are torn up, a lot of gas in the back gets sold off hard. Plus, The dynegys of the world lose $1 on their hedges." arnold-j,"Sorry,sorry, sorry. Havent had internet access at home for past 5 weeks. Much easier to write these at home as when I'm done trading I don't want to look at my computer. For november, very neutral. Cash is impressive. Agree shutins, switching, and some weather are making market look more like equilibrium. Think with cash/futures at 20 cents, x/z looks crazy. As soon as z becomes prompt, the fear factor/risk premium of it will decrease and the whole winter will come off. Like your h/j trade. Hard to see it really being worth 9 cents at settlement. Been buying a lot of y/y cantango as I think next summer will be a piece but longer term gas story still very real and customers know it. Wouldnt be surprised to see 2/3 go to 50+. I think x has some room to go up, but not a lot. Dont want to play the market from the long side as been burned before trying to get long a market that is still in a downtrend. Seems like the curve will just keep rolling down with each expiry. All the winter months might settle 2.25. As such, the best thing to be short is jan." arnold-j,no. waiting for a rally to sell. if dont get one will stay out. arnold-j,"yea, i interviewed him. i gave him a thumbs up. why do you ask?" arnold-j,"depends on the legal outcome. thhere is still a possibility we get all of our money back, although a roe of 0% for 10 years. Still, a better roe than broadband" arnold-j,"and your offer? ""Eva Pao"" on 05/13/2001 02:58:28 PM Please respond to To: cc: Subject: RE: Extra credit" arnold-j,if cash/futures is 10-15 then oct will have a very weak settle. they are trying to use the regular access system on the internet which was supposed to come out two weeks ago but they delayed because the firewalls and security issues hadnt been arnold-j,almost forgot about you.... will take care of . we'll keep you guys together close to the arnold-j,going to the game. I'll be at the front porch tomorrow... arnold-j,i had to cover some. too much risk. rode most of it back down. i think this whole event is bearish energy.... arnold-j,I'm going home. Have fun tonight. Talk to you tomorrow. arnold-j,"Scott: Condolences to the Carr family. If you need to reach me for any reason, I can be reached at" arnold-j,"no, they were just good sellers in the cals. irregardless of the rally in the front this morn, cal 4 didnt" arnold-j,give her my email. when are we leaving? arnold-j,"BMO wants to do this sleave trade. Duke, Dynegy, Coral, and Reliant have offsetting positions. Who's best for us to do this with? Also, what's our current balance with BMO? Should I demand for the trade to be offmarket?" arnold-j,i cant commit ...i'm 50/50 so say no. will send bat on next continental flight. arnold-j,"Just wanted to thank you for the gift basket. I usually don't like them because they have crappy wine, but that was actually a really good bottle. Sat out on my patio last night drinkning wine and eating cheese and fruit. Thanks." arnold-j,"are you prepared to defend your answer? ""Eva Pao"" on 05/13/2001 03:01:04 PM Please respond to To: cc: Subject:" arnold-j,yes. i'm leaving at 1:00 arnold-j,yea...for now at least. We'll run it until a hurricane emerges overnight and I get run over for 30 arnold-j,Please notify me as soon as the wire has been sent. I assume you are working on this right now. arnold-j,Computer causing problems. will email with other guys later. arnold-j,definitely did. you have to be a pretty boring person to not have fun in south arnold-j,how about monday after work? or monday lunch if we're all fired by then... arnold-j,Dave: Would like to sit down sometime and look at most current work on auto trader. Any time today? I'm not trading today so I'm free anytime. arnold-j,any interest in catching the us soccer game tonight? me thinks it starts at arnold-j,"I talked to Man and they agreed to back off. They will not call for more margin nor will they require us to move positions, as of this minute anyway. If you hear any differently, please call me." arnold-j,no need. the drinks will be warm by the time I get back up to the 6th floor. arnold-j,sun -9% in 6 days. kid how???????? arnold-j,not really. i actually don't think the market's going to move too much even though the range of expectations is huge. there are enough people on the sidelines to mute a move either arnold-j,Talk to Geoff Storey. He is handling a transaction that will reduce the majority of exposure to us Wednesday morning. arnold-j,got whalley's for today at noon. can you go? arnold-j,"hey stupid: do you know if jason ever signed an evergreen? if not, can you print one up?" arnold-j,Darren: I think Dutch Quigley spoke to you about an individual who is trying to get set up with EOL for his personal account. The person is Tony Annunziata from the Smith Barney AAA fund. He meets the suitability tests as far as net worth and knowledgable investor. He is also willing to post via LC or wire. I gave him your number. I would appreciate if you could expedite his credit application. arnold-j,"rules to a game: You flip a coin. If you get tails you win 0. if you get heads, i give you $1. Keep flipping until you get a tails, at which point you walk away with the money. however, each heads you get after the first you double your money. So if you flip heads 3 times and then tails, you get $4. What's you bid/offer on playing this game? (would you pay $.5 to play? $1? $2? what you charge me play against" arnold-j,I have no good thoughts about the market. everybody wants it to go down to 2.80 so I covered my short at 310-5. cash very strong at these lower levels with some gen load. should act to flatten curve as good producer selling in back. playing range and selling vol. think aga may surprise lower than expectations. arnold-j,"Jeff: To explain the P&L of -349,000 : We executed the trade when you gave the order (the delta anyway), first thing in the morning. The market rallied 8 cents from the morning, with the back rallying about 2.5 cents. On 904 PV contracts, curve shift was -226,000. The balance, $123,000, is almost exactly $.01 bid/mid, which I think is pretty fair considering the tenor of the deal and that it included price and vol. Cal 3 straddles, for instance, are $1.39 / $1.45. Looking out for you bubbeh:" arnold-j,"i think cash gets much stronger over the coming weeks relative to nov. first inclination when cash comes up is that futures go up. however, there is an 80 cent spread between cash and december. cash can easily go up without dec moving." arnold-j,"fuck you on 04/16/2001 11:09:55 AM Please respond to francielou3224@comic.com To: uo2fnw@msn.com cc: Subject: Pay all bills with just 1 monthly payment! [y5i64] Got debt? We can help using Debt Consolidation! If you owe $10,000 USD or more, consolidate your debt into just 1 payment and let us handle the rest! Wouldn't it be nice to have to worry about just 1 fee instead of half a dozen? We think so too. - You do not have to own a home - You do not need another loan - No credit checks required - Approval within 3 business days - Available to all US citizens For a FREE, no obligation, consultation, please fill out the form below and return it to us. Paying bills should not be a chore, and your life should be as easy and simple as possible. So take advantage of this great offer! -=-=-=-=-=-=-=-=-=-=- (All fields are required) Full Name : Address : City : State : Zip Code : Home Phone : Work Phone :" arnold-j,"Mark: I know you must be very busy right now. I do have a important favor to ask. I am worried about the reaction should the names and numbers of the trading retention pool be made public. If you get notice of if and when that is to happen, advanced warning would be very helpful. If I cannot be reached at the office, my cell phone number is 713-557-3330." arnold-j,4:30ish?? arnold-j,let's say thursday. were you counting in ac? arnold-j,"Sorry for the delay. The big guys have been maharris,stuckey and barker." arnold-j,"mark: what are your thoughts on crude and gasoline? ""Mark Sagel"" on 05/13/2001 09:23:02 PM To: ""John Arnold"" cc: Subject: Natural gas update Latest natural report -" arnold-j,I think we're sneaking out early to get a beer around 3-4. Wanna come? arnold-j,i took a week and a half off during the same time that Bo Collins of EL Paso left so naturally I am going to El paso. I'm not going anywhere unfortunately. I'm in for July 31 if you've got arnold-j,cancel above. we'll do it next arnold-j,i couldnt do it. it took 13 minutes for my alarm to wake me up. arnold-j,yes. we've made budget this year. what do we need more income for? arnold-j,"Just following up to see if the recruiting season has started and to make sure everything is going okay. If you need anything, just say the word." arnold-j,"hey: thanks, we already have the front 2 spreads out (u/v,v/x). do you think there would be interest in the strip spreads?" arnold-j,poolie: what's the value of the company to you???? arnold-j,"cost about 200,000-300,000 our internal estimates were in the 102-106 range, so no. i think pira overestimating the gas gen burn for the week. problem is there is no real good burn for at least two weeks going forward. we've dropped $1.5 in a couple months and havent picked up an mmbtu of demand. that's a big" arnold-j,1. I'm going to see T Boone Tuesday 2. Fine me for Var for Friday. I promise I'll buy on Monday. arnold-j,"Mike: Please resend the forms needed although I may have sent the necessary docs with the courier that delivered the check. Do not believe we've seen the worst yet. Will not be looking to put more money to work on the long only side for a while. Even with the rally today I do not believe we've seen the worst yet. ""Gapinski, Michael"" on 04/17/2001 08:48:53 AM To: ""'John.Arnold@enron.com'"" cc: ""Herrera, Rafael J."" Subject: RE: Receipt of Hedge Fund Information John - Yes, we received your check and forms. The check has been deposited and the forms have been processed. The actual debits for hedge fund subscriptions will begin on April 24th. As for naked options, I believe we sent the paperwork for naked options to you in February, but I don't believe we got it back. Also, I'm concerned about the margin requirements for naked options interfering with funds available for the hedge fund subscriptions on April 24th. I also have an ACCESS manager portfolio presentation for you to review concerning the long-stock portion of your portfolio. I'm thinking we could knock out the paperwork, discuss protecting your liquidity for the hedge funds vs. naked option margin requirements, and walk you through the ACCESS manager proposal in about 30-45 minutes if you're available around 5 PM tonight or tomorrow night. With regards to the marginable equity for naked options question, are the stocks at Fidelity held in joint name?" arnold-j,"Kim: At the start of the year, I requested tix for this Friday's and Sunday's games. Just checking to see if they have my name on them." arnold-j,What money? I don't know what you're talking arnold-j,Hey: That's one hell of a bd celebration. Don't think I can hang in you guys. Was definitely a little sleepy yesterday. Went to the bb game and then had a biz dinner last night. I was almost asleep driving home at 8:30. At least I was sane enough to yell buy and sell at random points during the day. arnold-j,"hard to say odds on a revision. don't think aga would make a revision, but an individual stg field could. another option is that a stg field that realizes they fucked up just fades the number over the next several weeks such that each number going forward is bigger than expected." arnold-j,"Although I love you, that's not appropriate for any 3 way sleeves. EFS should be billed normally." arnold-j,"it's going to take complete rejection of phys molecules to get solidly under $3. i expect some really good chop for 2 weeks. have enough people waiting for sub $3 to buy back all their shorts...don't think it's that easy from here,." arnold-j,Do you want to drink beer? I'll work on sneaking a bottle of Opus in otherwise. arnold-j,what do they mean when they have a cold summer scenario results in a $1.50 price? these guys are freaks. arnold-j,"thx for the update. funny how the banks will deal with us and ospraie won't. oh well, nothing we can do." arnold-j,that's fine. the later the better but definitely after arnold-j,"Hey: 1. Theoretically we could agree upon a trade and cross it on ICE after hours when the risk that someone else gets inside is remote. This is a prearranged trade and is illegal on Nymex, but it is my understanding it will be legal on ICE assuming ICE uses the IPE clearing platform, where prearranged trading is legal. Agree about liquidity. I dont think this really helps ICE's volumes, nor liquidity. Funds want liquidity so they will not flock to ICE in the current state. 2. My guess is not intercommodity, but maybe intracommodity. For instance, a gas daily swap against front month futures may have lower margin than the 2 trades additive. Important Note: ICE is our competition and I am very,very wary to support their system, unless absolutely necessary." arnold-j,i think i had better weather in massachusetts than you had in mexico. very relaxing though. if i lived in the northeast and had 2.1 kids and 1.3 dogs i would definitely get a summer house around arnold-j,it was fine this morn. starting back up arnold-j,"mike: just want to confirm you received my money and forms. also, checking to see if i am set up to sell naked calls on ENE. may be looking to do something this week. probably 100-200 contracts." arnold-j,"Tell them to calm down. I'm going to start clearing amro, tfs, and carr trades through them as well. I will do a new xpit to offset some of the new positions that will lower the margin in the short term." arnold-j,"yea ""Eva Pao"" on 05/13/2001 03:50:42 PM Please respond to To: cc: Subject: RE: waiting nevermind. are you at work?" arnold-j,"any interest in going to bb game tonight. crude reunion. jt, racecar, and me. tix in HR #70 catching territory." arnold-j,how about your local bank?? arnold-j,"BBB+ credits dont go bankrupt overnight. we can get downgraded overnight, though. put a clause in the contract that if we get downgraded below inv grade there is some sort of orderly liquidation of the swaps. talk to credit about how we handle this with others." arnold-j,"ene: the india story. I lok at it and say we sold india. then realize we the gas, not the assets." arnold-j,"just calling to see if you have anything ingenious to say about this market. i've covered most of the shorts starting 3.40 all the way down. agree market probably not at equilibrium just dont really want to press it right now. the easy money's been made. want to have a few bullets just in case hot weather or storm takes this thing up to $3.50. selling some upside calls just in case that never happens i'll still make money. been an incredible run so far. have half a mind to pack things up and go on vacation for the rest of year. however, i'm just doing it for a week and a half starting tomorrow. will talk to you when i get back and we'll figure out what to do then." arnold-j,"that was pretty funny. Do not still have the double date thing. I need a favor in return for interviewing your boys. Remember Mark Findsen. He's looking to get back into the business, possibly from the trading side. I actually think he might make a better orig guy. He has been in the crude and products markets for 10+ years. Has no experiece in trading energy but has been day trading equities for past year. He asked if he could get a round of interviews at Enron. Could you set up a round for him?" arnold-j,"yes, I replied and asked mike if he'd wire the money today if I agreeed. waiting on his response." arnold-j,"Liz: Wondering if you've had any luck in securing tix for this Saturday's game. Also, are the diamonds available for Jun 23?" arnold-j,"my old carrier went out of biz this week, convenient huh? so i do not have service as of 2 days ago." arnold-j,1. Did API's indicate that there may have been switching from resid back to gas? 2. Did the 2 crude traders that left quit or get fired? arnold-j,no. Have had 2 late nights in a row and it doesnt get much better rest of the week. had to get an extra hour of beauty sleep. can you tell? arnold-j,"Jeff: If you talk to Greg Trentham, will you ask him to call me? I have not had a chance to talk to him yet." arnold-j,I thought I had pulled one over you... I don't envy your job. The trade guys do a good job of ganging up on you. arnold-j,"Hey Adam: sorry for the delay. just been very busy. congrats on joining enron. think you made the right chioce. i would recommend structuring. it's a good way to understand how enron works, how we look at and manage risk, and you get close to the trading component. a friend of mine, ed mcmichael runs the gas structuring group. try emiling him probably at emcmich@enron.com. keep in touch, john ""Bayer, Adam Ryan"" on 04/10/2001 03:06:34 PM To: John.Arnold@enron.com cc: Subject: Hi Hi John, I hope your gas markets are moving nicely this week. Its been a long time since we talked, but a lot has happened. But the most important thing has been my decision to join Enron. At this point, I am looking around for a rotation, and I have received a lot of advice pointing me towards Gas/Power Structuring and RAC rotations. I am wondering if you know some people in these areas who might be looking for analysts. I have heard that traders work closely with the structured finance and RAC guys, true? If you have time please let me know if you know of anything." arnold-j,screw the english jersey. just wear arnold-j,"all I hear is that all the funds are going to get squeezed as soon as the nymex opens. fuck, i don't know, but I'm not going get long crude hoping to squeeze the funds. lost that game too many times." arnold-j,"Things are okay. May be much better in a week or two. Can you email me an update of how the 3 hedge funds are doing. I may have another chunk of money to invest should you have any good opportunities lying around. Still mainly interested in alternative investments with you. Also, can you confirm my address. I have moved recently and dont know if you have the new one. 2000 Bagby #15403; Houston 77002." arnold-j,i guess i have to keep my 395 price target. just nothing bullish in the near term except crude. and that's not enough now. need to get to a new price regime to pick up more demand arnold-j,can you get me the number of our contact at the Delano. I have a personal favor to ask them. arnold-j,expect some producer selling if/when mrkt stabilizes. what production data are you looking at? arnold-j,This is a summary of my position and trading goals today. Advise if you dont agree. arnold-j,Liz: Just wanted to thank you for the astros playoff tix. Thanks for thinking of me. Maybe you'll invite me up to see your new digs before the move.... arnold-j,"can you find out the scoop on ravi thuraisingham as far as reviews, rankings, etc. thinking about hiring him." arnold-j,"newport?? ""Eva Pao"" on 05/09/2001 05:06:50 PM Please respond to To: cc: Subject: RE: in i'll" arnold-j,With skilling gone I move up one spot...from 147th to 146th. This market sucks!! Right back where we were before the # last week. I have so little interest right now. just glad i held onto the short straddle position. wish i had something intelligent to say but i don't. arnold-j,i think there are so many shorts that some of the weak guys are squeezable here. not all and not massive short covering. just think the boys will be buying in front of next week's number. best trade is to be long now and sell right before arnold-j,Daniel: Can you include me in the nymex nat gas advisory panel meeting today? John Arnold arnold-j,sure. just call me when you get arnold-j,"I'm big seller of interventions. they tend not to work. if the gas market wants to go lower, enron coming out and buying 10,000 contracts is not going to stop the market from going down. maybe in the short term, but that's it. same with currencies. ECB can come out and transfer some of its foreign reserves from dollars to Euros, but they are limited by their currency reserves unless they want to act in the futures market at which point they have to exit that position at some point. i think it is more psychological than anything. i think overall market interventions have been extremely ineffective." arnold-j,too bad about pavel. everybody liked him.. .who's next in line? arnold-j,"my email as far as i know is jarnold@enron.com. not on msn though. i made space for your 8 people as well as ferries, roberts, and the other person (??) you requested. Come down tomorrow and i'll show you the layout again." arnold-j,"fuck you 1sm2qs1@msn.com on 04/23/2001 10:48:39 AM Please respond to bartonbarile113@cutey.com To: tv7hmcd5@msn.com cc: Subject: Overwhelmed By Debt? [qenld] Debt got you down? You're not alone.... Consumer debt is at an all-time high. If you are in debt more that $10,000, please read on. Whether your debt dilemma is the result of illness, unemployment, or overspending, it can all seem overwhelming. Don't despair. We can help you regain your financial foothold. We invite you to find out what thousands before you have already discovered. Fill out our simplified form below for your free consultation and see how much you can save! Let us show you how to become debt free without borrowing or filing bankruptcy. [][][][][][][][][][][][][][][][][][][][][][][][][] Full Name: Address: City: State: Zip Code: Home Phone: Work Phone:" arnold-j,quickly running out of places to put gas. at least appetite to put gas in storage at same rate. need some supply/demand dynamics to change else price $3 is no arnold-j,you think i'm going to put this in ellectronic form? no arnold-j,mike maggi resigned this morning to take a job at a competitor. He is under contract. Lavo has been advised. What do I need to do? arnold-j,"This guy is working on an EOL project for me right now. Can you send him a file with our EOL trades for today or yesterday with product, price, buy/sell, and timestamp but counterparty names" arnold-j,"outright long....a long time from now. looks like with cold weather curve is going to reshape. front up, back" arnold-j,maybe we just hold all the gas until next winter. we'll worry about that problem next september. novy expiry can go anywhere. Too early to say. Probably around $2 though as I cant imagine who is a baseload buyer of gas in november when the US is a net injector the first 1-2 weeks barring cold spell and the pipelines are trying to start withdrawing. arnold-j,not much from customers lately. Customers waiting for market to stabilize before doing any arnold-j,"don't make me type the math on the computer pooks ""Eva Pao"" on 05/13/2001 03:05:12 PM Please respond to To: cc: Subject: Defense What's your defense for you bid 0 for the company? Why was the info assymetry at 100%???" arnold-j,i need significant lead time to prepare for boots day. please advise earlier next arnold-j,only if you promise to post regular updates on the trucking market. call chris gaskill to get the arnold-j,Bob: Work with me on this. I'm looking at the doc now and will have comments later today. arnold-j,Greg: I just realized I'm out of town thursday and friday of next week. any chance we can meet with bo wednesday afternoon? arnold-j,i think the velocity of the down move will be much less severe from here. still dont think this is equilibrium. need to see aga coming in lower than expectations for a couple weeks signaling that we've moved down the demand curve. think a lot of spec shorts are looking to take profits as we get close to the psychological 400 target. market needs producer selling to get us through there. have seen some as williams is starting to hedge barrett : hence the weakness in the back of the curve recently. still going lower but it will be a tougher move from arnold-j,"Scary how we have the same sense of humor. Havent told anybody yet. So I have a favor to ask: whether we never talk again, just become good friends, or grow old together with 6 kids, please never,ever refer to me as the energy guy. You can refer to him as that, just not me. Officially tired of watching the news. Actually there is very little new about it. Channel 12: the local viewpoint. CNN: the national viewpoint. CNBC: the business viewpoint. ESPN: the sports viewpoint. Pat Robertson Channel: God's viewpoint. The politicians all hold news conferences and talk for 15 minutes and say nothing. ""We interrupt the State Dept's news conference to bring you the Justice Dept's news conference where we expect there going to say 'no comment at this time' frequently."" I have a tv on my desk at work that is on constantly just in case something happens, but meanwhile it's driving me nuts. Just found out another girl I knew is missing. I was supposed to go out with this girl a couple years ago on a blind date but it never went through. I met her after that. So let's talk about something better. We'll start shallow. What kind of music do you like?" arnold-j,"yea...talk to john griffith about getting this info. if you want to get a sense of my position, stop by monday afternoon." arnold-j,The deal got booked to Oil-NG-Hedge-Spec. It should have been booked to IN-Upstream-St***. That resulted in an error in my position as well. arnold-j,The Jan is confirmed. The Cal 2 is not yet. arnold-j,Hello: Wondering if we can meet to pick up the tix. I work and live in downtown. Please advise or call me at 713-557-3330. arnold-j,thank god i got out on friday. had a much better month trading crude than gas. arnold-j,"huh? ""Eva Pao"" on 05/13/2001 03:32:22 PM Please respond to To: cc: Subject: RE: waiting No english? i got the math." arnold-j,"not necessarily looking for predictive power. that's a 3 year project. just for market making skillset. The work that Dave Forster did was just for front month. That creates month 1. Then, similar logic has to create a month 1/month 2 spread to create a month 2 outright market. Same for month 2/ month 3 to create month 3. There might be 24-36 individual markets to create a forward curve. Sometimes month 1 has correlation to the month 1/ month 2 spread. Sometimes it does not. Must create a system that is mechanical but very easy for a human to add bias." arnold-j,i was just thinking i should invite you to come over tonight. wanna come? arnold-j,"your guys are probably seeing this as well, but, 50 cents higher our customer biz was 95/5 from buy side. now it's 50/50. can almost smell blood among the producers. only problem is trade is sooooo short they cant see straight. were the market still not so fundamentally overvalued right now i'd be looking for a 25 cent move up. just can't see that happening at this level though." arnold-j,i like that feeling...as long as someone doesnt punch you in the gut. i'm going to san antonio at lunch today to play soccer so i just took the day off. catching up on 2 weeks of email. i know how to relax don't arnold-j,"Please call me in the morning so I can 3-way with an EOL technical rep to find out happened. One looked at it this afternoon, and according to his preliminary analysis, the order was placed at 10:57 and never canceled. Obviously that is counter to your knowledge of the transaction. Let's straighten this out first thing in the morning." arnold-j,no way. we're still paying $5000 for new employee nemec-g,Thanks for the quick turnaround on that. Any word on when we can expect this to be set for hearing? nemec-g,Attached is the letter. The address information and Unocal's full name need to be inserted and then print two copies on ENA letterhead for execution. nemec-g,I have seen no progress. I will call my contact again to inquire. Any prodding you could provide through the credit dept. would be welcome. nemec-g,Judy Thorne had sent out all earlier documents. I don't know who she sent them to. Nelson should know. nemec-g,"Mary, Can you please prepare the form of CA we have used before for Enron Compression Services Company based on the information provide by Chris below. Thanks." nemec-g,"Robert, The original contribution agreement called for Bridgeline Holdings, L.P. to acquire consent for these assignments. They were required to use ""all reasonable efforts to obtain such Consents"". To the extent they did not do so, ENA should not be liable for the $25,000 per month. I assume Hugh Connett at Bridgeline is the proper person contact person at Bridgeline. What is the current status of this $25,000 per month bill. Has Bridgeline invoiced us?" nemec-g,Thanks Susan. Can you send me any GTC that would have been for Nov -01 through March 02 business for PGW. nemec-g,Attached is an amended and restate Torch confirm. The Exhibit was revised to add two more points. Let me know if you have any questions. nemec-g,"Per Barry's request, attached is the Agency and Management Services Agreement to be executed between Enron North America Corp. and Mexicana De Cobre. Also attached is the form of agency agreement to be attached as Exhibit B to the Agency and Management Services Agreement. This agency agreement is El Paso's form and must be executed by ENA, Mexicana, and El Paso. The El Paso form requires that you open as a read only file. Please review. We are working on the gas purchase agreement and should forward shortly. We received the power of attorney and bylaws you emailed. I had a Spanish speaking attorney in our office assist me with their review. The bylaws look fine. We would like you to follow up with a certified copy in the mail. For now can you confirm via a response to this email, that these are the latest bylaws on file? He noted that under the Power of Attorney, it would be required that two of the gentlemen listed on page 2 of the power of attorney documentation, execute our agreements. Can you confirm? Would be happy to discuss this with you. Thank you for your cooperation. Gerald Nemec Attorney ENA" nemec-g,Thanks for the info Mike. I will give her a call. I had a blast on Friday. We'll have to do a happy hour again soon. Maybe we can get the AEP girls to show up. nemec-g,Attached is the revised Committed Reserves Confirm with the language we discussed. Please modify the confirm templates for the Sept. wellhead deals (and those remaining from August) to reflect the revision. Let me know if you have any questions. nemec-g,"Mary, Can you prepare a CA based on the following information. Let me know if you have any questions. Thanks." nemec-g,"Judy, Let me visit with Jeff on the 6 month threshold for the Committed Reserves. Otherwise I am OK with this Matrix." nemec-g,"Mark and Dave, Please print out two copies of each and execute all four. The closing statements need to be printed on ENA Letterhead. Sign all four and fax to Don Baldridge. Put all four originals in the Fedex to me for initial. I have asked Don to obtain execution of NBP's side and fax back to me. Let me know if you have any questions." nemec-g,"Attached is a clean and redlined version of the Boeing Contract with my revisions. Please review, specifically Section 4.2 and Article 7. I want to make sure you are OK with those sections specifically. Sorry for the delay on this." nemec-g,Attached is a draft of the Keep Whole language we discussed last week. Please review and provide any comments you may have. nemec-g,I know how you feel. No way Nebraska should be playing for the championship. Should be Oregon. nemec-g,Is it time to go to Cozumel yet? Everything is so simple when you're hitting on a ex-stripper while downing a couple of tasty Coronas. nemec-g,"Paul, Attached is the letter agreement we discussed which revises the Devon purchase docs to match the Gathering Agreement with Lost Creek. Please review and let me know if you are OK. If so, I can prepare the executables and Fedex to Devon." nemec-g,"Jeff, Attached is the letter with a few comments. The only substantive comment concerns cost tracking. We would like to be informed of the overall project costs as they are incurred. Please see the attached redlined doc. with my comments. Let me know if Gulf is OK with these changes. We would like to get this finalized early tomorrow morning. Thanks." nemec-g,"Yea, Things have changed quite a bit. Life as usual at Enron." nemec-g,"No problem, I thought it was a day game when said I would come in on Friday. Enjoy your Fri." nemec-g,Attached is the review performed so far on the gas contract list you forwarded. I only reviewed the physical master from Barry's list. The attached also included some contracts that Frank asked for review. I will have more updates tomorrow. nemec-g,Please see attached. Thanks. nemec-g,"Mary, Can you prepare CA for the following entities. Black Diamond should be bi-lateral and Shell needs to be unilateral (i.e. only protects us). Let me know if you have any questions." nemec-g,"Jean, For your review. Specifically, the scope in the lead in paragraph." nemec-g,"Sounds like the trip was AMAAAAZING!!!. Laura should seriously consider writing for Conde Naste. I think the best quote was ""The next morning Ryan and I were so confused about what had taken place the night" nemec-g,"Frank, Attached is the letter with the revised Section 2. I also added some language to the beginning of Section 5 to make it clear how that Section operates with Section 2." nemec-g,"Mark, I didn't find any gas agreements in the binders that I have. Most likely since it was done intra-ENA, there was no contract and it was simply booked under a deal ticket. I will look to see if I can find any paper in our global database for the deal." nemec-g,"Mr. Cook, How is life at AEP? The big E is still the same. Minus about 4 attorneys who decided to join you." nemec-g,"Attached is the executable Agency and Management Agreement Document. Please print out and execute and fax back to Barry for ENA's execution. We will fax back a fully executed copy. Please note that as we discussed, two of the gentlemen listed in Mexicana de Cobre's power of attorney must execute. Will will follow up with hardcopy orginals for execution with all the exhibits in the mail or delivered by Barry. Thank You." nemec-g,"Hey Sam, Actually it comes out every weekend as much as I try to control it. I had a great time. We will have to do that again sometime!" nemec-g,Bridgeline was checking the issues on their side concerning payment directly to Dow. We made it clear that we prefer they directly pay Dow. They were supposed to get back with Brian later today. Sorry I didn't make that clear earlier. nemec-g,"Hey Jennifer, How is it going? Did you survive your long run this weekend? It has been pretty crazy here since I got back. I really need to start focusing more on the guitar so I can become rich and famous and not have to deal with all this. I am so tired." nemec-g,"Attached are the final documents which includes 1. Agency and Management Agreement - Clean and Redlined copy which shows the changes per my discussion with Jay Goleb at Baker & Botts 2. Gas Confirm for June 1 thru June 4, 2001 3. Gas Confirm for June 5 thru June 30, 2001 4. Gas Conform for July 1 thru October 31, 2001 5. GTC which applies to all three confirms 6. Agency Notice Letter - Mexicana to send to its Permian suppliers for notice of Enron's agency. Please print out and execute documents 1 thru 5 and fax to Barry Tycholiz. We will follow up with duplicate originals for execution. Thanks for all your cooperation." nemec-g,Resending. Thanks. nemec-g,"Kay, Please see the attached. I also forwarded a Data sheet earlier on Marathon Oil. Have you had a chance to review yet?" nemec-g,"Keith, Attached is the revised PSA for the Napoleonville warehouse. I removed the mineral rights reservations and added in the sales price. Please review. The agreement needs to be forwarded for review by the Assumption Police Jury as follows: Attn: Kim Torres Assumption Parish Police Jury P.O. Box 524 Napoleonville, LA 70390 Let me know if you have any questions." nemec-g,"Mary, Can you prepare two separate CAs between Rusk County Electric Cooperative, Inc. and Enron Compression Services Company. You can use the bilateral form we normally use. Rusk's information is Rusk County Electric Cooperative, Inc. P.O. Box 1169 Henderson, Texas 75653-1169 The scope for the two CAs is as follows: 1. ""discussions concerning a potential electric compression project at OGS Pipeline, L.L.C.'s Hinkle Compressor Station"" 2. ""discussions concerning a potential electric compression project at Anadarko Energy Services Company's Carthage Facility"" Let me know if you have any questions. Thanks for your help!" nemec-g,"Hey Dan, Good to hear from you. I am doing fine. Sounds like fun. I will try to make it. I might get caught up here at work though. I am leaving the country on Thursday for 4 days, so I am trying to tie up some loose ends here. All my stripper friends are not returning my calls for some reason! Hmmph!!." nemec-g,Attached are the consent to assignment letters. We will need two executables of each. Let me know if you will be the one sending these out for execution. nemec-g,"Mary, The CA form had ENA in the text. Please make sure it is Enron Compression Services Company." nemec-g,Attached are David's insurance comments. I agree with his mark-ups. Feel free to contact David directly to discuss. nemec-g,"Rakhi, Attached is the letter with my revisions. I would have Mr. Neyman sign the letter. Let me know if you have any questions." nemec-g,"Chris, Attached is the form of Professional Services Agreement to be used for Power Engineers. I am assuming Power Engineers has no existing agreement with any other Enron entity. We should ask them if this is the case. The rate sheet they provided would be attached as Exhibit B. Please review. I am ok to forward this to Power Engineers for their review." nemec-g,We might want to forward this email version for their review first. I would think that their attorney's might have a few comments. nemec-g,"Per my voicemail, attached is the master spot contract. Please let me know if you have any questions." nemec-g,"Can you please send it to Jeff Hodge, since he initialed the orginal agreement. Thanks." nemec-g,"Chris, I need the project scopes as well. Can you give me brief descriptions?" nemec-g,"Brian, Attached are the letter and Exhibit with my changes. I have included a clean and redlined version. Please review." nemec-g,Attached is the LOI with my comments redlined. Let me know if you have any questions. nemec-g,"Stephanie, I made a few changes. Please review." nemec-g,"Susanne, Attached is a redlined agreement with the revision to Section 8.3 we discussed. If acceptable, I will prepare two executables for routing. Thanks for your help." nemec-g,Do you have anything for HomeTown Communications Network. Looking for a gas contract dated nemec-g,"Kyle, Do you have any information on this waste disposal site? Apparently there is a meeting on November 15th to assess each party's liability for cleanup and Louisiana Resources Company is named. Is anybody working on this?" nemec-g,There is a Treebeard's in the tunnel at 1100 Lousiana. There isn't too much towards Enron. I don't mind going towards your building. You have probably been to Bucco di Bacco (sp?) over by your building. Good Italian. There is also a Cafe Express down there. I am OK with any of those. Do you like Sushi? There is a Miyako in the Bank One Center. nemec-g,Attached is the revised CA per my discussion with their attorney. Please review and forward to Anadarko. nemec-g,"Judy, I added the language for release by Mariner that we discussed. I put a 3 day threshold in the language. Please review and lets discuss." nemec-g,The only change is in Section 2. I refer to the requirement to schedule the Daily Contract Quantity instead the Nomination. nemec-g,"Ken, Attached is the form of guaranty from Enron Corp. This guaranty is currently be routed for approval." nemec-g,"Shane, Can you send me the highlighted document that you forwarded for their review. I need to see the revision to understand their issue." nemec-g,I actually found a copy yesterday and forwarded to Keith for him to review. I think we either want a cashier check or a wire transfer. Do we have a legal description for these tracts to use in the sale documents? We will need to have one to finalize the documents. nemec-g,"Jim, I am not sure who handled the operating permits. I think that type of stuff was usually handled by someone in the gas pipeline group." nemec-g,"Ruth, Attached is a redline and clean version of the amendment. I added the language we discussed on the phone. I also added paragraph and associated changes to make it clear that this pricing doesn't comment until December 1, 2001." nemec-g,Sounds like I need to take gambling lessons from you. I consistently lose money when I gamble. Do you have Tristan's email address? Wanted to see if we could hook up in Austin for some Longhorn celebration. nemec-g,"GT, I will have an extra ticket for the game this weekend. My friend who was going to go back out. It is yours if you want to use it. Let me know." nemec-g,"Keegan, Please print out two originals of the attached CA for execution on ENA letterhead. I will need to initial." nemec-g,"Hey E, Good to hear from you again. Not much new around here. Working and partying. Still trying to restock the girlfriend pipeline. George's email is gtownsend@manorisd.net. I haven't played any golf recently, but do like to play. I am pretty horrible, but it is fun nonetheless. I would definetly be up for a round some time. Let me know. Have you been able to email Bieraugel at the last address he sent? I have tried, but my emails keep getting bounced back to me." nemec-g,"Attached are the Mexicana Amendments and New Confirm. Jason, As I left in my voicemail, I want to make sure you are OK with the credit provisions inserted into the GTC. Please review and let me know if you have any questions." nemec-g,"Attached is the revised Ormat CA per your email. Also, I don't have any notes on the Energy Transfer CA. Sorry about that." nemec-g,"Hey Walter, Thanks for stopping and leaving the note. I'm glad I got to know you at the happy hours. We will have to schedule another Gallant Knight evening sometime soon. Good luck to you as well. Take care." nemec-g,"Keith is forwarding hard copies of the documents. As soon as I recieve them, I will review, initial, and forward to you for execution." nemec-g,"The entity should be LRCI, Inc. You can change the entity in the letter and send it out. Let me know if you have any questions." nemec-g,"Rakhi, Attached is the form of cash sale for the Crawfish Property. Please review and if OK you can forward to Bridgeline. Let me know if you have any questions." nemec-g,"See attached. I took a guess at the payment timing and our involvement in the construction process. Do we want to let Jim, review that section also? I am trying to leave the office by 12 tomorrow. Any comments ASAP would be appreciated. Upon receipt of comments, I will forward to Bill Howell." nemec-g,"Debra, Attached is the form we should use. Review and let's discuss." nemec-g,"Mary, Please prepare a draft bi-latieral CA with the following entity: RealEnergy, Inc. 1900 Avenue of the Stars, Suite 755 Los Angeles, California 90067 The topic of the CA should be information concerning a potential sale of natural gas and/or provision of transportation capacity for RealEnergy's distributive generation requirements in southern California. You can use the Huber CA we just did for the form. Please check conflicts with Kay Young as well. Thanks." nemec-g,"Attached for your further handling is the confirm and GTC for the EEX E&P Company purchase by ENA Upstream. Note that we need to have them sign the confirm, so we will need two executed originals. Let me know if you have any questions." nemec-g,Attached is a draft of the McCook agreement. I am still cleaning up the Management Services Agreement (for scheduling etc.) to be attached as Exhibit B. Please nemec-g,"Attached are my comments to the Guaranty form for Torch Energy Advisors Incorporated you forwarded for Bridgeline Gas Marketing, LLC. Please review. You can contact me at (713) 853-3512 with any questions. Thanks." nemec-g,"Mary, Can you check to see if Jempy can sign for LRCI, Inc. and let Rakhi Israni know? In the alternative, please provide her a copy of the corporate data sheet which list the VPs who can execute documents for LRCI." nemec-g,"Russell, The data you requested last week concerning the motor is as follows: 1. Full Load MVA rating: 11.4 for each unit 2. Across the line starting MVA: 43.8 for each unit 3. Input Voltage: 12" nemec-g,"Mary, Chris is the guy who called me asking the questions. I have a call into Sandi to see if she knows anything about this. If not, I don't know who would know." nemec-g,"Eric, Texaco Exploration and Production, Inc. owns the other 60%. The LP is governed by a management committee with two member from Enron and two from Texaco. I can be your contact for Louisiana Resources. However, as I stated earlier, I need to know which Louisiana Resources you are talking about. Is it Louisiana Resources Company or Louisiana Resources Pipeline Company Limited Partnership. For Bridgeline the contact would be Robert D. Morgan. His phone number is 713-345-6374." nemec-g,"Chris, Richard and I have come to agreement on the Shell CA. Attached is a redline with the changes. Please forward to Shell for their review and I will send down executables." nemec-g,"Hey Ern, Sorry it took me awhile to get back with you. As you can imagine, it is pretty crazy around here. Yes, it has been very interesting around Enron these days. I think we pull through, but I expect the stock to take a beating for awhile. The media has been pounding us for the last couple of weeks. Saw George at the Colorado game. Seems to be doing well. George was definitely ready to get married, so I think he is really enjoying the married life. Ran into a couple of old Wranglers including Carl Jackson. Do you remember Kenny Reineger? We saw him at the endzone club. Also ran into Stacy......SAR! She looks exactly the same. Haven't heard anything from Bieraugel. I sure he is up to his eyeballs busy with kickin some Taliban butt. How is life at FritoLay. The economy effecting you guys any?" nemec-g,"Stuart, I have reviewed your comments and incorporated as appropriate. Please review attached. The following are my comments on your changes that I did not accept: 1. The replacement of Section 3.1 and 3.2 with Section (a), (b), etc. is confusing, but unfortunately the September 1, 2000 amendment already made this replacement. I am staying with that format. 2. Since the Original Agreement was awkardly amended in September of 2000, I think the references to the ""Original Agreement as amended by Amendment #2"" are helpful, so l retained them. Let me know if you have any questions. I am OK to send this to Dow if you are." nemec-g,"Art, Per our phone conversation, attached is the revised language for Section 4.4 of the Master Firm Agreement. Please review and if acceptable, we will prepare executables and forward for signature. ""Notwithstanding anything to the contrary contained herein, this Section 4.4 shall only allow for offset, set off, or recoupment between Company and Customer, excluding Customer's PNM Gas Services" nemec-g,Attached is a draft of the CA. Please review. I need the full legal name of Illinois Power. nemec-g,I found this doc. Hope it is the one you needed. nemec-g,It is still on Chris Hilgert's desk. I will bug him to get it back to you. Sorry for the delay. nemec-g,"Joan, Attached is the agency agreement form. The form still refers to TBI Field Services. This should be revised to reflect the current owner of the system. Can you provide that info." nemec-g,Did she indicate why they had Enron Energy Services on the cover memo. Was that a mistake? nemec-g,"Dave, Per Barry's request, attached is our firm GTC and confirm for gas purchase/sale. The GTC is typically only for deal which are 6 months or less. Credit also need to review the counterparty. Depending on the circumstances, a Master Firm Purchase/Sale Agreement may need to be put into place. Let me know if you would like a copy of the master." nemec-g,"Barry, Attached are the drafts we discussed yesterday. Please give me a call to discuss." nemec-g,"Judy, I will be working on that form next. Should be ready tommorrow or Monday. For the Linder dealer we can use the firm GTC with a modified DCQ. I forwarded the language for the DCQ to Ellen." nemec-g,Attached is a revised form of affidavit. Please review and provide any comments asap. nemec-g,Attached is the revised guaranty form. Let me know if you need anything else for execution. nemec-g,"Clement, Attached is the form of guaranty we discussed. Let me know if you have any questions." nemec-g,That sounds good. Schedule it up with Majed. nemec-g,"Jean, We have appointed three new directors for LRCI, Inc. They are yourself, Mark Haedicke, and Brian Redmond. The records show the current directors as Mark Haedicke and Louise Kitchen, but we were unable to find any resolutions supporting this. We will clean the records up to reflect the new directors. Since you and Brian are on the management of Bridgeline, it is a more logical fit for you to be directors. The resolutions for the Napoleonville Land Sale with the new directors are being circulated for signature. You may have already seen it. Let me know if you have any questions. Thanks." nemec-g,Tried to send this earlier. Will try again. nemec-g,Sorry about the delay. I have just been covered up. Here it is. nemec-g,"Mr. Drexelius, Per Barry Tycholiz request, attached is the letter agreement for assignment and payment for the Kern River Capacity. Please execute immediately and fax to my attention at (713) 646-3490. Upon receipt I will forward to Barry for decision to execute or not by 1:00 pm. Thank You for your prompt attention to this matter." nemec-g,"Debra, Could you resend to Enfolio Spot Master to Mark? Let me know if you have any questions." nemec-g,"Keegan, Can you print the attached doc. on Enron Logo Only letterhead. This version had redlines, so you will need to accept the changes before printing." nemec-g,We flew into Shanghai and explored for 2 days. Next we went to Qingdao for 3 days and finally spent 5 days in Beijing. I would have to say that Beijing was the highlight of the trip. The Great Wall was pretty incredible. Should have some pics shortly. Work is going well! Way to busy for my taste. That's what I get for being out of the office for two weeks. I got a voice mail from Mark while I was in China. He was at the airport here in Houston looking for a ride. Typical Mark. Any plans on coming to Houston anytime? nemec-g,"FYI, We have one more outstanding issue. I have given them our insurance expert (David Marshall) name so they can discuss their insurance comments directly." nemec-g,"Ned, I am fine with all of their changes. Attached is a clean version reflects their changes. Ask them to print out two copies and execute." nemec-g,Attached is the Cash Sale Form for Texas Brine we discussed. I would also let them know this is the exact same form executed for the sale of the previous tract to Texas Brine. Let me know if you have any questions. nemec-g,"Attached is a clean version of the LOI. I only revised what was paragraph 6. I tried to redline, but it picked up all the previous changes." nemec-g,"Attached is a draft for your review. Note that, Prior to giving any information received from Anadarko to CSI, we would need to get Anadarko's written permission." nemec-g,This site is called Mars. This web site is all the information I have. nemec-g,"GT, I will have an extra ticket for the game this weekend. My friend who was going to go back out. It is yours if you want to use it. Let me know." nemec-g,Attached is the latest version of the PA with my changes redlined. Sorry for the delay. nemec-g,"Bill made a few changes. All of which I am OK with. If these are OK with you, we will forward these to WFEC." nemec-g,"Marlene, I have the Dominion contract and I will get that back to you shortly, however I don't have the Midwestern Contract. Marlene Hilliard 05/16/2001 01:47 PM To: Gerald Nemec/HOU/ECT@ECT cc: Subject: Midwestern Gas Transmission Contract No. 96026510 I am inquiring about the status of the above mentioned contract. Please let me know the status as soon as possible. Marlene D." nemec-g,"Rudwell, Attached is the executable Bridgeline Holdings guaranty for ONEOK, please forward for execution by Bridgeline. Let me know if you have any questions." nemec-g,"Hey Guys! I just got back from traveling two weeks in China, so I am now able to answer my emails. A friend of mine here at Enron has a brother that lives in China and he got married to a Chinese national. So I decided to join them for the wedding and sightseeing. The sights were pretty amazing. Great Wall, Forbidden City, Tianamen Square, etc. Definitely culture shock though. I know what it feels like to be a rock star now. I was pretty much stared at wherever I went. I am sure they think I look like a big nosed western devil freak. The food wasn't as bad as I thought, although I did get the trots the last two days in country. I knew I shouldn't have eaten the mutton. Fortunately I missed the flood of the century, Ernie! I heard about it the first week in China. Wasn't much I could do from China, so I just kept my fingers crossed and fortunately the house was safe and sound when I got back. Some jackass drove up on my front yard and left some tire tracks. There must have been high water in the street that he was trying to avoid. Doooh!! Other than that everything is going fine. Doing the old dating thing! Boy is that a ton of laughs. Women at this age are definitely interesting. I spend most of my time avoiding questions like, ""Where is this relationship headed?"" Uh excuse me, but we only met last week! Congratulations, Paul on little Chloe. I checked out the pics on your website and the family looks great. Bieraugel you still look the same as the last time I saw you, but Whoa, is that a little gray hair I saw on you Paul? Oh well, we all have chinks in our armor. Seriously though it is a beautiful family and I know it must be tough to be away from them. Are you going to be staying in the Navy for awhile? 10 more years and you can retire eh! Ernie, Sounds like things are going well at work. Congrats on the promo. We definitely need to do a better job of getting together here in Houston. You need to get the wife and we need to have dinner one night or something! The Buick sounds prime. 240HP ought to take care of it. Sounds better than the shaka-mobile. What the hell ever happened to that car anyway? I still love to tell stories about that car. You can't beat a K-mart lawn chair for comfortable automobile seating. Ernie, I think my focus is on the 5 series BMW. Unfortunately my stock portfolio has delayed my auto purchase for awhile. Let's pledge to all do better at keeping in touch. It is great to hear from you guys. We need to plan a little get together when you get back from sea. It has been to damn long. Take care and be safe, Bruddas." nemec-g,"Rick, Enron North America Corp. has participated in this program the last couple of years and intends to do so again. I will be coordinating the program for ENA. Please forward any information to my attention for the upcoming process. I can be reached directly at (713) 853-3512. Thanks." nemec-g,"Mary, Kinder made some changes to our form which are attached below. I am OK with their changes. Please prepare two executables for signature." nemec-g,Attached are the revised Devon confirms based on our discussions with Shonnie. Please review. I am also attaching the masters again to be complete. nemec-g,"Keith, Attached are our comments and revisions. Please review and let me know if you see any problems. We would like to send this to the counterparty tommorrow, so please respond asap. Thanks." nemec-g,"The only way would be to copyright the material. Any original writing can be copyrighted. At a minimum, I would mark any submission as Copyrighted material. I don't know the specific requirements for filing. You might want to do some net research on the subject. I would think the Fed. Government would have a web site on how to copyright material. Hope this helps." nemec-g,"Might be too late, but attached are the letters with my revisions. Let me know if you still need me to initial." nemec-g,I still haven't received the final update. This is the latest. nemec-g,Attached is the revised Agency Agreement per our discussion and your notes. A clean and redlined version are provided. Please review. nemec-g,"Hi Jennifer, I don't know if you remember, but we met at Gallant Knight on Friday night. I was with Mike Robison and the Enron group. I had never been there before, but that place is alot of fun. Definition of ""Swanky"". You are probably wondering, ""Why is this guy emailing me!"" We'll, I will be straightforward and say that I found you very charming. I wanted to see if you would be interested in meeting me for lunch or a drink afterwork! I apologize in advance if you are dating or involved with someone, but I thought I would take that chance. P.S. Mike gave me your email address, but don't hold it against him. ;-)" nemec-g,Attached is the CA we discussed. I will foward hardcopy executables. Are you going to obtain execution of this document? nemec-g,"Max, The agreement calls for them to provide to ENA certification that they have set aside special funds to meet their payment obligations to ENA under this agreement. A letter from the mayor or city manager indicating such budget approvals are sufficient. To the extent they don't provide this, an Early Termination event occurs. We can still call for collateral in accordance with Section 4.5 if they don't meet the thresholds. The item added in your Sentence #1 below does concern me. This seems to be a floated revenue system and I am not sure how we get comfortable that the revenues will be there. I need to review these additions with Colorado Springs, because it is not clear to me how they think such provisions operate in the context of the existing language concerning the budget certification requirements. We probably need to get on a conference call with them. I am probably OK with the arbitration provision, depending on how the other items turn out. Tyrell, do you want to set something up a call with Marcus and his attorney to discuss these issues?" nemec-g,"Hi Pat, Fortunately I was out of the country when all the flooding occurred and my house sustained no damage. Just spent two weeks in China and the sights were pretty amazing. How are things in Austin?" nemec-g,"Max, Please see attached redline from Colorado Springs. They revised the Collateral limits in Section 4.5. Let me know your thoughts." nemec-g,"Amelia, Can you check on contract # 96021047 to see if this is any current transport activity on this contract. This contract was never executed. Reliant HL&P informed me that this contract is no longer being used and they would prefer to terminate or void this contract." nemec-g,"Sorry to hear about Aunt Lillie. Good to hear everything is ok with you guys. Everything is going well here. Just the usual with work and weekend activities. Been spending a little more time with Paul, since he is not going to Tulsa every week. Take care and a I love you both." nemec-g,"Paul, Attached is the revised letter Agreement for Greeley. Please review and if you are OK with it, please forward to Greeley. They had asked that we drop the contract number references in the first paragraph, but we need to have some way of identifying the contracts under which we are acting as agent, so l kept them in the document. Let me know if you have any questions." nemec-g,Attached is the final letter version. I am OK with the wiring instructions. nemec-g,"Ned, Attached is the revised CSI CA based on our discussion. The non-compete provision is removed. As we discussed they would still be obligated to not use our Confidential Information for any purpose other than to evaluate a transaction with ECS. However, they could still pitch a proposal not utilize our Confidential Information." nemec-g,"Nelson, I reviewed the form provided. Some comments 1. Generally we should make every attempt to get these guys to use our paper. From an ENA Upstream overall standpoint, if we start using other forms then we lose consistency with how these deals are administered (payment, noms., etc). 2. With respect to this form there are some conceptual issues. A. No specific measures of damages if the parties breach B. No detail on the type of gas being purchase (i.e. Wellhead, Pooling Point, firm, interruptible) Contract states that ""Seller shall use reasonable efforts to deliver and Buyer shall use reasonable efforts to purchase"". We would have to tie this down. C. Nomination deadlines and notification for production variances is not addressed. 3. There are also some legal issues; State Law, Arbitration, etc., Indemnity In summary, we would have to make significant revisions to this form and it would end up looking much more like our form. I don't know the dynamics of the relationship. Are they insistent on using their paper?" nemec-g,I am fine with the changes. I revised the term from 1 year to 2 years. Attached is a clean and redlined version of the CA. I am OK to forward to Marathon. nemec-g,I am fine with this. They can prepare executables. nemec-g,"Attached are the two contracts which will replace the single original, as we discussed. Please review and let me know if you have any questions. Thanks." nemec-g,"Gary, Can you give me a scope of the issues we need to address in this CA. Thanks." nemec-g,"Debra Perelingiere had prepared this contract. Since it was done so recently, it may not have made it into the system yet. Thanks for your help. I'll check Debra's files." nemec-g,"Jeff, Shane Lakho is currently preparing several TPA for Enron Energy Services and another EES entity. I know that portions of EES are rolling into wholesale. Should we be initialing for EES? The agreements are Enron's standard TPA form so there shouldn't be any issues." nemec-g,"Suzanne, Attached is a redlined version of the Professional Services Agreements with the revisions we discussed. This version is redlined against the orginal version I had earlier sent. Please review." nemec-g,"Attached is a redlined Natural Gas Services Agreement with the revisions we discussed. Also attached is the Transaction Agreement. The term has been revised to reflect a Dec. 31, 2002 ending date. Please review and if acceptable, we can prepare executables. Call with any questions." nemec-g,Overall I would give her a 5. I would request her again. nemec-g,"Paul, Attached is a redlined version of the agreement with the changes we discussed. Please review and forward to Greeley for their review." nemec-g,"Attached is a short draft of the content of the affidavit to be provided to WFEC. It is not in correct form at this point, but I wanted to circulate the content for discussion. Please review and provide any comments on the content ASAP. Note: I still have to get FGT's approval of anything provided." nemec-g,"Brandi, Attached is the Confidentiality Agreement for Torch. Let me know if you have any questions." nemec-g,"Shane, As we discussed, we can remove the strike of 3.2(b) in the Tennessee TPAs. I put in a call to Mojave to discuss this issue with them. After my conversation with them we can decide how to proceed. All other TPAs should be sent out with our typical language." nemec-g,Attached is the draft that was provided to WFEC's counsel. As I stated they have requested to depose ECS as well. nemec-g,I need to terminate my membership to the Body Shop. What do I need to do to effect this? nemec-g,"Brian, Karen Gruesen, and I had a discussion this morning with Bridgeline. We agreed that they owed and would pay the lease fees, but the remainder of the charges were not subject to reimbursement. The only issue was would they reimburse us or pay Dow directly. They are concerned about netting issues." nemec-g,"Rudwell, Attached is a redline of Oneok's form of guaranty with my comments incorporated. Please forward to Oneok for their review. I will prepare the executable form of Bridgeline Holdings, LP guaranty for Oneok per your email yesterday. Let me know if you have any questions." nemec-g,Attached is the amendment form for the El Paso Guaranty. Please forward to El Paso for their review. Let me know if you have any questions. nemec-g,"FYI, Attached is the form of lease agreement that Hanover has forwarded for our lease of the compression equipment from Hanover on the Oakhill deal. This is actually GE Capital's form of lease agreement, but would be executed between Hanover and Enron Compression Services Company. Please review and provide any comments you may have." nemec-g,"Rae, Please redline the No4 against the original No3 on compare write and forward via email to Kim Ward. MS word would not redline correctly." nemec-g,That sounds good. We'll see you at 12 on Friday. nemec-g,This deal was done some time ago. I assume that all ENA Upstream deal makers going forward know they should be going through you. nemec-g,"Frank, I made a few tweaks. Please review." nemec-g,"Judy, Attached is the Pioneer Confirm. Please insert all the relevant contact information. Also please carefully review the confirm to make sure that I interpreted your email info. correctly. I left a blank for the Field information. I would ask the counterparty to fill in and return a copy to ENA Upstream." nemec-g,Attached is the letter with our comments. Please review. We are OK to send this out today. nemec-g,"Yes Rae Meadows/ENRON@enronXgate 05/15/2001 04:53 PM To: Gerald Nemec/HOU/ECT@ECT cc: Subject: Time Period Gerald, I need to know if you worked every day during the last pay period and if you worked 8 hours each day. Thanks." nemec-g,Attached is a clean and redlined version of the referenced agreement. I will forward Exhibit A to the agreement shortly. Please review and let me know if you have any questions. nemec-g,Attached is a draft of the Dow Amendment. I used portions of their proposed amendment which they sent of August 8. Date and prices are left blank for negotiation. Let me know if you have any questions. nemec-g,"Rusty, Attached is the amendment to the Dow Brine Agreement which extend the period from 160 to 190 days. I used an amendment form instead of a letter form for the sake of clarity. Sorry for the delay." nemec-g,"Debra, I think we were waiting on credit for this one. I believe we answered their question that Atmos Energy Corp. would be the one executing the documents. Can you check with Veronica?" nemec-g,Attached is a draft of the mowing letter for Assumption Parish. Please review. The address needs to be added in Exhibit A. Let me know if you have any questions. nemec-g,Attached is the CA for the project we discussed with NNG. Let me know when you want executable agreements. nemec-g,"Rude Dog, How is it going? Enjoying every moment of marital bliss!! Must be weird to be a student again and have to do all that studying and drink all that beer. The Horns are looking pretty good. The defense has really been spectacular as well as special teams. The offense is sputtering right now, but I think they will get back on track. I am going to the UH game this weekend. We had better put a whipping on them. But with Texas you never know. Gone to any Michigan games yet?" nemec-g,"Mark, What is up, my boy! Hope things are going well in the Heartland. Any interesting stories you care to tell? There was a message on my home voicemail from Diane Leg at DML Technical Search. Her number is (713) 662-3577. Thought you might want the info. Any luck on the job search?" nemec-g,"I am OK with the matrix. Please also note that any GTC with a term of 9 months or longer should be signed by Enron and Counterparties. Nelson, are you OK with using a GTC Spot for one-day deals?" nemec-g,"Attached is the revised Keep Whole Language. I assume this language would completely replace the Variance langauge that we currently insert in our GTCs and any Replacement Price Differential Language in our Pooling Point and Wellhead GTCs. I.e. this will be the only measure of damages for these deals. If this is not correct, let's discuss. Ellen, This language would be the same language use for the W&T Offshore and Spinaker deals. Is this correct Nelson? Please review before sending out to make sure I have correctly captured your business deal." nemec-g,"Judy, Attached is the Samedan Confirm and a GTC. Please note that the contact information for the Customer still needs to be filled in. Let me know if you have any questions." nemec-g,"Mary, Can you please prepare executables of the attached document. There are some redlined changes, all of which I am OK with. Let me know if you have any questions. Thanks." nemec-g,"Chris, Attached is the document to which Russell and I have agreed. Next step is for us to get signed and fax to Russell. Do you have the tract descriptions that Gulf forwarded? Does Dave?" nemec-g,Our insurance contact is David Marshall. His phone number is 713 853-6847. nemec-g,"Attached are the Cascade Documents redlined with my changes. Please review and let's discuss further before forward by to Cascade. Some items to note: 1. As we discussed before, the non-compete provision must be approved through the proper channels at Enron. The current Enron Corp. policy requires approvals by: 1. The President (or equivalent) of Enron North America Corp. 2. General Counsel of ENA (Mark Haedicke) 3. Executive VP, Corp. Development of Enron Corp. 4. Anyone else that ENA requires to approve these non-compete agreements. 2. We need to scrub how this will fit with EES' business in this area. I tried to narrow the non-compete provisions as much as possible. Let's discuss." nemec-g,"Mark, Attached are the latest. I smoothed out some of your changes and added a section in the TA to address assignment of the gathering agreement. Please review." nemec-g,"Keegan, I think the attached is a Word Perfect File. Can you try to convert this file to an MSWord file. Thanks." nemec-g,Attached is the amendment to the Kennedy Agreement reflected the repricing. Please review and let's talk in the morning. nemec-g,"Watch It Wizzlefritz!! ""David E Deutsch"" 05/16/2001 01:04 PM To: Gerald.Nemec@enron.com cc: Subject: Re: FW: This is SO awesome Not bad Jackass!" nemec-g,"Keith, The attached document was blank. Could you resend the document?" nemec-g,"Debra, Please send Gary Bryan a sample master firm. Thanks." nemec-g,"Rudwell, Attached is the executable form of the guaranty. Please fill in the Cargill information and forward to Bridgeline for execution. Also, I didn't know what the effective date should be. Let me know if you have any questions." nemec-g,Sorry about the delay. I had to figure out where the IT guy's had moved all this stuff when Shawna departed. Let me know if you have questions. nemec-g,Attached are draft responses to WFEC requests for documents and request for interrogatories. Please review and provide any input as soon as possible. Thanks. nemec-g,"Harry, We have been using Bill Bryant and the Katz Kutter law firm to represent ECS' interest in the territorial dispute between Gulf Power and WFEC. I forwarded your email to him and asked for his input. Attached is his input. I think his suggestion about a meeting with all parties involved is a good one. Let me know what you think." nemec-g,Thursday afternoon is better for me. If it must be done Wed. please coordinate with my assistant Keegan nemec-g,Sounds good. I'll see you there. nemec-g,"Sandi, The following are the contracts that were inadvertantly assigned to AEP in the sale as we discussed. Centana Intrastate Pipeline Co. #96019236 EPGT Texas Pipeline, L.P. #96006479 EPGT Texas Pipeline, L.P. #96041930 Gas Transmission TECO, Inc. #96041723 Gas Transmission TECO, Inc. #96041724 Let me know your thoughts on the best way to proceed to return these deals to ENA. Thanks. Miss me?" nemec-g,Revised per our discussion. Please forward to Citizens. nemec-g,Attached is the some of amendment info we discussed last week. Looks like they want to get this out this week. nemec-g,"Ken, Attached is the Agreement with my comments redlined over your changes. Sorry for the delay Please review and let me know if you have any questions. By copy of this email, I am requesting David Marshall to review the insurance section (Section 11) and provide any comments he may have." nemec-g,Attached is the revised statement. Please review. I will have ENA execute as soon as I hear from NBP. nemec-g,"Alan, Per our discussion, attached are drafts of Enron's Master Firm agreements. Sorry for the delay. Enron's preference would be to use these master instead of the GISB agreements for the firm deals. The Firm GTC were really meant as a stop gap until we could be these Masters in place. I did review the GISB we currently have in place with Northern States Power (WI and MN). These agreements do not have the necessary credit provisions and termination payment provisions required for firm deals that are included in our attached Master. These Masters should address the specific concerns included in your email. 1. The Masters contains provisions to deal wth the possibility that a price will not published on any day in the same manner as the GISB does. 2. The netting issue we need to address. The GISB don't have netting provisions, but we don't use GISB for any firm deals over 1 month in term. I am not sure I understand the regulatory issues with respect to netting. These Master contain netting provisions. Let's discuss once you have reviewed the Masters. 3. Force Majeure provisions are similar to the GTC. Enron prefers a vary narrow definition of FM. We modify the GISB FM to reflect this with special provisions. If you could provide specific comments we can address your issues. 4. Audit provisions are included in the Masters. 5. Any affirmative action statutes and regulatory provisions can be address in this Master. If you could provide specific language we can address this issue. Putting these Master in place would really make business going forward much more efficient. Please review and let's discuss and your earliest convenience. I can be reached at (713) 853-3512." nemec-g,"Rudwell, Can you respond to Roeline with the amount required in the guaranty? Thanks." nemec-g,"Hi Mom, I am doing fine. Sorry I haven't responded earlier. Glad to hear that ya'll are back safe and sound. I am staying busy with the usual stuff. Talked to Sharon last week. It sounds like she is getting really close to the time. Another grandchild. Are ya'll going up to Dallas shortly after the birth?" nemec-g,"Kyle, Attached are the final versions of the Servitude Agreement and the Filing Form. We made some changes to the form for consistency. Please review. Roger and Rakhi, Please verify the legal description provided by Enterprise. I also have a plat which I will forward to you for review. After everyone has reviewed and approved we should be ready to go." nemec-g,Please see attached I added language concerning the firmness of that portion converted to a fixed price. Let me know if you have any questions. nemec-g,"Revised per your request. I did remove the conditions precedent. All outs in the Cinergy Trading Firm Contract have expired. I understand that Kern has a final certificate from FERC. Is this the case? We do need to have the executed assignment docs, before we sign this paper." nemec-g,"Judy, Attached is the form of Master Firm Agreement for ENA and ENA Upstream. Could you please fill in the Notice Info for ENA Upstream. Thought it would probably be the same as ENA, but didn't want to assume that. Once you return to me, I will prepare two executables for signature. Thanks." nemec-g,"Don't you have work to do today? By the way, I will kick your ass for free!" nemec-g,"Thanks for the email. We are expecting you on Monday the 2nd. Everything should be set up. I believe you have to see HR the morning you start to get your ID badge, but they should send you to us thereafter shortly. Give me a call if you need any help with anything. (713) 853-3512." nemec-g,Still here. Pretty quiet on the floor though. How hard did your area get hit? nemec-g,"Phone number is (713) 853-3512. arlanz@mexis.com (Armando Lanz) 05/30/2001 02:28 PM To: cc: Subject: RE: Agency Agreement The By-Laws are the ones we sent by fax to Barry L. ? And yes, these are the latest that the company has. The other question that you have about having 2 people executing the agreements. Yes it is necessary that 2 of those will need to sign. One of them will be Genaro Larrea Mota Velazco and I believe that the other one will be Daniel Tellechea Salido (this I will have to confirm) Which is your phone number ? I may be calling you between the next couple of hours. Saludos, Armando Lanz Oliver Lanz Consultores en Energia S.C. Rodolfo Gaona # 6 Despacho 103, Col. Lomas de Sotelo Naucalpan, Edo de Mex CP 53390 Tel: 555 757 88 Fax: 555 757 95 Cel: 044 5502 0308 Biper: 5447 1111 cve 801 9581 ---------------------------------------------------------------------------- ----- Original Message" nemec-g,"Lisa, Your changes look fine to me. I added the sentence to make it clear that ECS would not be owning and operating that portion of the equipment. It wasn't clear to me from the section which indicate we will be arranging for the installation of the compressors." nemec-g,Any time after 1 pm works for me. Rae Meadows/ENRON@enronXgate 05/17/2001 02:07 PM To: Gerald Nemec/HOU/ECT@ECT cc: Subject: Meeting with Chris Sherman Chris Sherman wants to set up a meeting with you next Tuesday afternoon. What times are you available and is that a good time for you? Thanks. nemec-g,"Rudwell, Attached is the guaranty. Please print out 1 copy for Randy's signature." nemec-g,"Thanks. Debra Perlingiere 05/21/2001 10:41 AM To: Gerald Nemec/HOU/ECT@ECT cc: Subject: Wellstar Theresa has changed the price to ""less $.70"" and suggested I insert meter numbers rather than well names. Pending further changes I will send to Wellstar. dp Debra Perlingiere Enron North America Corp. Legal Department 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron.com Phone 713-853-7658 Fax" nemec-g,"I think your on solid ground. I think the stock will stay down for a little while until they name those that will join Lay in the office of the chairman. We continue to beat earnings estimates, but things like broadband, Dahbol, and now Skilling put pressure on the stock. Not much new going on. Just hanging out. Working. Will be heading to Austin for the game on Sept 1. Let's see if the horns can live up to all the hype. I have a pair of season tix for all the home games, so I will let you know when I have an extra for the game. See if you can't get a hall pass from your better half." nemec-g,After this hearing staff makes a recommendation to the commission. The commission decision should be issued in late Oct. or early Nov. nemec-g,"Rudwell, Attached is a redline of the guaranty with my comments. Specifically they are: 1. I am OK with including reasonable attorney fees, but they must be included in the $2.5 million dollar cap. 2. The use of subtantially in Paragraph 2 seems redundant. The notice requires reasonable detail. To add subtantial compliance on top of that is redundant. I am OK with the other changes. Please review and let me know if you have any questions." nemec-g,"Shane, After reviewing the Mojave TPA, I contacted Carlos Pena with El Paso to discuss. He agreed that Section 3.2(B) can be stricken. He also agreed that the Sentence In Section & on Page 10 which reads ""Text from here to the end of item 7 has been inserted by Enron North America Corp."" is a note which should be stricken. Also for consistency sake, Section 3.2(B) in the main body of the agreement should not be stricken. Exhibit A overrides this Section so the strike is not necessary in the main body of the Agreement. Lastly, the full legal name ""Enron North America Corp."" should be inserted in the agreement. Let me know if you have any questions." nemec-g,"Hey Tracy, Yes you are correct. That is a fantastic picture of JJ. Really miss that guy. Young Frank doesn't seem to be enjoying the experience as much as Madeline. Glad to hear things are going well for you guys. All is good with me. Not much new and exciting happening. Thanks for the pics!" nemec-g,Attached is a draft CA. Let me know if you have any questions. nemec-g,"Mark, Attached are the committed reserves GTC along with a confirm for each of WIC's Contract #1 and Contract #2. Please review." nemec-g,For your review. Let's talk early Monday. nemec-g,"Jean, I have reviewed Marathon's revisions to the CA. I agree that these changes are minor and I am OK with all of them except one. With respect to the stricken sentence in Paragraph 7, I would ask Marathon the reason for the strike. I think the sentence only reinforces the right to compete concept in the first sentence and further specify's the concept. I would be happy to discuss this further with Marathon. Thanks." nemec-g,"John, I have revised the variance language based on our discussion. Please review." nemec-g,"Attached is a clean and redlined version of the Enfolio Master for the Ocean transaction. The redline reflects the changes from the original draft. Also attached is a clean version of the Transaction Agreement. Please review and if acceptable, please forward to Ocean for their review." nemec-g,"Please review and provide any input as soon as possible. Bill, I still have not talked with Jeff Stone." nemec-g,"Bill, The answers as modified by you are fine. Please forward those to Mr. Haswell at your earliest convenience. I have still not received any response from Jeff Stone." nemec-g,"Barry, Attached are redlines of the docs with the changes we discussed today. Please pay special note to the Maximum Daily Deliverability Quantity of the Confirm. I want to discuss how this limits us and what flexibility this section needs. Please review and lets discuss." nemec-g,"Brucie, You weren't supposed to tell anybody about that!! Maureen, I am planning on setting up a rental car for Janel and myself and we can cut you in on that action. Our flight leaves Myrtle Beach at 11:40 on Sunday so if you are leaving out of Myrtle Beach that might work for you also." nemec-g,"Thanks. Could you also look for a Enfolio Master Firm with Kaztex Energy Management Inc. and ENA dated August 1, 2001." nemec-g,"Sounds good. Let me know if you need anything else. Brian Redmond/ENRON@enronXgate 05/31/2001 08:22 AM To: Gerald Nemec/HOU/ECT@ECT cc: Subject: RE: Bridgeline Response Gerald, I have revised the letter slightly to address it to Randy Curry and will send it out from here. Thanks for the effort." nemec-g,"Chris, Attached is the info I have on this deal. My contact info is: Gerald Nemec Enron North America Corp. 1400 Smith St. (EB3874A) Houston, TX" nemec-g,"Brian, See the attached memo based on my review of the hurricane docs. Nothing really different than what Bridgeline indicated in the meeting on Monday. Let's discuss at your convenience." nemec-g,"Kyle, Attached is the agreement with the two changes I discussed on my voice mail message. Please review. Do we have a property description and a plat?" nemec-g,Attached is the term sheet with my revisions. Please review. nemec-g,"I was in Austin for most of the weekend. A friend of mine was supposed to have a boat party on Lake Travis Friday night, but that was cancelled due to the rain. We just went out on 4th Street instead. Went to the game Sat. night. We won so that was good. How was the girls road trip?" nemec-g,Attached is the guaranty with my comments. Let me know if you have any questions. nemec-g,"Rudwell, Attached is the guaranty with my comments redlined. Please review and forward. If you have any questions, please call me at x-33512." nemec-g,"Stuart, I reviewed the contract files on the Hubbard Transaction and found the following agreements: All these contracts are in Enron North America Corp.'s name 1. Compression Services Agreement dated June 29, 2000 (I worked on this one. We basically restated the existing Compression Services Agreement with NNG to revise conversion factors to allow NNG to deliver ENA more gas and thus allow ENA to mark more earnings. NNG was able to book $2 mil of these earning as a fee paid by ENA to NNG in consideration for termination of the existing Compression Services Agreement) This agreement has a provision for submission of a purchase offer by NNG to ENA for purchase of the motor and interconnection facilities. No specific numbers are listed and the terms would have to be mutually agreeable. No events of default specifically listed (including bankruptcy). Thus it is not terminated. If ENA fails to provide HP there are LD payments due up to a maximum of $200,000 per contract year. Term is through January 31, 2018. 2. First Amended and Restated Operations Agreement dated November 1, 1997. NNG operates the electric driver for ENA. Fee is $44,000 per year with an escalater. Term is through November 30, 2017 (This works with the term of the CSA above. Even though physical operations stop in November, gas still flows for another two month period). No events of default specifically listed (including bankruptcy). 3. Agreement for Purchase of Power dated March 31, 1995 as amended on November 19, 1997. ENA purchases electricity from Midland Power Cooperative. Term is through December 31, 2017. No events of default specifically listed (including bankruptcy). 4. Master Lease Agreement dated March 31, 1995. ENA leases the electric motor driver and appurtenant equipment from General Electric Capital Corporation. This agreement has a 10 year term with an option to purchase the equipment after year 8 for a fixed amount of $944,875.69. Bankruptcy of ENA is an event of default. GE must provide notice that they wish to declare an event of default. If they declare an event of default, GE could enter the premises and take possession of the equipment and hold ENA liable for the ""Stipulated Loss Value"" of the equipment and all rentals due thereunder. The Stipulated Loss Value calculated is set forth on a Table attached to the agreement. Let me know if you would like copies of any of these agreements." nemec-g,Attached is the form of amendment to guaranty for Tractebel. Do you know the $$ limits for signing authority for Bridgeline. I.e. when do the management member have to sign a guaranty as opposed to Randy Curry? nemec-g,Keegan please print two executables of the attached on Enron Logo Letterhead. I need these this afternoon. Thanks. nemec-g,"Keegan, Please print out 6 executables of the following: And 8 executables of the following: Please FEDEX two original two each counterparty to the address listed in the contract. Some counterparties are on both contracts, so they will recieve four originals for execution. Let me know if you have any questions. Sorry for the delay on this Jill, I was out sick yesterday." nemec-g,The final sign off from Reliant legal. I will prepare the executables and get them to Eva. nemec-g,"Dave, I made a few slight changes to the agreement. Nothing substantive, just to clarify and catch some typos. I am OK with this form. We need to make sure the Universal signs any schedules to this agreement which specify the operating parameters of the units. Also, David Marshall will need to review the insurance section and address how we handle their self insurance issues." nemec-g,"Hey Ernie, Have you been able to send email to Bieraugel? I replied to the email address he sent, but I keep receiving undeliverable messages." nemec-g,"T, Attached is the Master Firm for Colorado Springs Utilities. You can forward this for their review. I still need to create the Transaction Agreement which would contain all the deal terms. I will forward that shortly." nemec-g,"Heather, Attached are the clean and redlined drafts of the revised Coal and Ash Agreements per your notes and phone mail. Please review. By copy of this email I am asking David to review the insurance section in both agreements for adequacy. David - The attached are the forms of Coal Hauling and Ash Handling agreement that we would use to contract with Reuse Technology for both the Lumberton Power LLC and Elizabethtown Power LLC. Please provide comments." nemec-g,"Attached is the notice letter to EMP ECHO, LLC for ECS' election to take and make the distributions resulting from the payment of the note for Gallup and Kachina. As we discussed Chris, Section 5.03 of the LLC Agreement governs the distributions and assuming the requirements of that section are met and upon provision of this notice, the note proceeds can be distributed to ECS. Upon payment of the note by whoever HPL's assignee is, the original notes will need to be cancelled. Nora, can locate these originals. I am not sure if the address and fax for EMP ECHO is correct. I pulled these from the agreement. Need to verify." nemec-g,That is fine. Go ahead and set it up. nemec-g,"Keegan, Please print out two executables of the attached on bond paper. Thanks." nemec-g,"Alan, With respect to the Transactions for Cheyenne and Public Service Company, Enron prefers to use the Firm General Terms and Conditions as the Base Agreement for these deals. These two transactions are 3 month firm deals. The GISB is not set up for firm transactions longer than 1 month in term. There is no termination payment provision in a GISB and Enron requires this language for any firm deal. Enron's general policy is not to use the GISB for any firm deal that is longer than 1 month. I would be happy to discuss this further at your convenience. I can be reached at (713) 853-3512." nemec-g,"John, Per our discussion, attached is a draft form of gathering agreement. This form is a firm committed reserves gathering agreement. If the gathering deal is an interruptible type structure, this form would not work. For use by Crescendo, this form will also need to be scrubbed for Utah and Colorado law issues. However, this is a starting point. Let me know if you have any questions." nemec-g,Attached for your review are a draft of the gas Confirmation and associated GTC. Also attached is a clean and redlined version of the Agency and Management Agreement. A few minor tweaks were made. We also added some information requirements concerning your gas supply deals. Please review. Thanks for your help. nemec-g,"Brian, Attached are drafts of the following docs.: 1. Capacity Assignment and Prearranged Release Agreement 2. Transaction Agreement to the Master Enfolio We are still undergoing some internal review of these, but to move the process forward please review the attached." nemec-g,"Stacy, Susan called and asked that I prepare an assignment letter. I will do so. Could you send me a copy of the contract we are assigning and a copy of the assignment in interest letter. Thanks." nemec-g,"Mark, Attached is a draft. Please review and let's discuss before you send to Huber." nemec-g,"It was great talking with you at lunch. I have never known a real life tap dancer before. I feel honored. I am outta here tomorrow, so have a great weekend." nemec-g,"Mark/Lance, Attached is a legal risk memo concerning the sale of land in Louisiana by the ENA Upstream Group (Jean Mrha - Commerical Contact). The memo will be attached to a DASH which is being circulated for signature today. Please review and let me know if you have any questions." nemec-g,"I am fine with the change. Mary, please prepare executables and make the change in the NUI document as well." nemec-g,"David, Attached is the document with the insurance mark-ups that I noted on my voice mail. Please review and lets discuss." nemec-g,"Frank, Sandi Braband had approved those agreements. I know that the El Paso pipelines are very strict on any changes to the GISB form. I did discuss removal of Section 3.2(b) for Mojave pipeline (an El Paso pipeline) and their attorney agreed. Unfortunately he only handles the EP Pipelines in the west. Might be worth another run at their legal to see if we can modify the GISB to meet our template. Let me know if I can help." nemec-g,"I don't want to know what Paul did in a hot tub with Lars. I know he is easy, but jeez." nemec-g,If you can fit it in. I am pretty covered with ENA Upstream right now. nemec-g,"Eric, See attached with my changes. Robert, Can you provide the information Eric needs for Bridgeline. Thanks." nemec-g,Re-sending. Didn't go through the first time. nemec-g,I am fowarding the originals to you. Please obtain execution for ENA Upstream and ENA and return them both to me. Thanks. nemec-g,"I have reviewed the term sheet and I am fine with the form. I did spot a potential issue with the Transport piece of the proposal. If ENA holds transport on NNG, it cannot simply sell use of that capacity to Unocal. The shipper of record with NNG needs to hold title to the gas that is being transported. For Unocal to utilize this capacity, they would need to either directly contract with NNG for such capacity, or ENA would acquire the capacity then ""Capacity Release"" the capacity to Unocal. The Capacity Release would be subject to NNG bulletin board posting requirements. Let me know if you want to discuss further." nemec-g,"I am OK with their comments. Who is the correct ""Counterparty"" for this guaranty?" nemec-g,"Two things; 1. The modification excludes all oral information. So any confidential information that you guys orally give them is not protected. 2. It might be a headache for you guys to remember to mark everything as confidential. If you forget, it is not protected. I think the changes should come out." nemec-g,"Attached is the precedent agreement with changes redlined. I scanned their hardcopy. I added that same outs that were included in the Momentum agreements, but I left the dates blank. Please review and let me know if you have any questions." nemec-g,"Judy, Attached is the GTC to be used for the Mariner deal with the revisions we discussed. I will be out Thurs. and Fri. but will check voicemail." nemec-g,"Bill, Attached is the information we discussed. I enjoyed talking with you today. Let me know if you have any questions. Thanks." nemec-g,I am fine with the language. We will prepare executables. nemec-g,"Darren, I will be meeting with Sandi in the morning to get a download. I will get with you after that to assess where we need to go. Thanks." nemec-g,"Attached are the latest based on our discussions. I couldn't redline the Capacity Release Agreement, so I am only sending a clean version. I would still make a general caveat, that we still need to do a final review of the gathering agreement. This could add to the Transaction Agreement." nemec-g,Last week was crazy. Sorry about this. I will send them out today. nemec-g,"Jean, I have reviewed Marathon's revisions to the CA. I agree that these changes are minor and I am OK with all of them except one. With respect to the stricken sentence in Paragraph 7, I would ask Marathon the reason for the strike. I think the sentence only reinforces the right to compete concept in the first sentence and further specify's the concept. I would be happy to discuss this further with Marathon. Thanks." nemec-g,"Please review the attached I added some language at the end of the intrastate warranty. To the extent this warranty gets changed, we will have to change the warranty in the gathering agreement." nemec-g,"Raimund, Attached is a form of amendment for both the Athens and Hartwell Precedent Agreement. The amendment modifies the termination date as we discussed. Two pieces of info that I left blank are the new date to be inserted and the date of execution of the original precedent agreements. I do not have a copy of the dated executed PAs. I do have a copy of the guaranties. I will forward a copy to you. Let me know if you have any questions." nemec-g,"Jean, Based on Richard's reply, I am OK with the strike. I just wanted to make it clear that ENA does compete with Marathon is these areas, but ENA would certainly only use the Confidential Information for the purposes of the proposed Transactions. Do you want me to prepare executables?" nemec-g,"The Parties shall keep the terms and provisions of this Agreement strictly confidential and shall not disclose them, in whole or in part without the written consent of the other Party. If any Party shall be required by any court, legislative or administrative body to, whether by oral questions, interrogatories, requests for information, subpoena, or some other processes, any Party shall have the full right and ability to disclose same without regard to the confidentiality covenant herein contained; provided, however, that such Party shall provide the other Parties with as much notice of its requirement to make such disclosure as is reasonably practicable and do all things that the other Parties may reasonably request, at the other Parties' cost, to facilitate the other Parties' efforts to eliminate or restrict such requirement." nemec-g,XX-Large. Thanks. nemec-g,Attached is the letter with my comments redlined. Let me know if you have any questions. nemec-g,"The sections are 18 CFR Part 161. Specifically Section 161.1, 161.2, and 161.3." nemec-g,"I don't know the status of the Crawfish documents. I will have to check. Steve Van Hooser was handling those documents. With respect to your previous question, the PSA for the Napoleonville warehouse went to the Assumption Parish last week." nemec-g,"David Marshall (risk management, insurance group) will be the one to set the limits. I usually send a copy of the agreement and ask for his comments. I can handle once we get a draft of the agreement." nemec-g,We have accepted your suggested revision to Article 13 of the Agency and Management Agreement. Attached is a new executable with the language revised. Also attached for execution are the gas purchase confirm and associated GTC for the gas purchase through Monday June 4. The GTC was revised to remove the $0.15 per MMBtu liquidated damages. Thanks. nemec-g,"Mary, Is this an operational type filing or an entity type filing? If it is operational, then it is probably someone else's issue." nemec-g,Please see attached. Please note that that physical gas purchase and sale is as follows: ECS Compression Company LLC receives the gas from TW under the CSA ECS Compression Company LLC sells the gas to Enron Compression Services Company Enron Compression Services Company sells the gas to ENA (Gallup) or to Enron Gas Marketing Corp. nemec-g,"Janette, I plan on attending the CLE on August 22 at the Doubletree. Thanks." nemec-g,"Mary, Attached is further detail for the project descriptions for the two CAs I requested. Please revise the CA to read ""information in connection with sharing data relative to a potential electric compression project located approximately 3 miles west of Carthage, Texas in Panola, County"". Follow that form with the Duke CA as well. Please prepare two executables of each. Thanks for all your help." nemec-g,"Louis, Please approve a parking subsidy for Nabil Nachawati, a summer law clerk, in the legal dept. My RC# is 105659, and the CO# is 0413. Let me know if you need any further information. Gerald" nemec-g,"Hey Dude, How is it going? Was thinking about maybe making a road trip next weekend the big A. What do you have going on? Might just be myself though. Barbara and I had a parting of the ways. Relationships seems to give me the panics after a couple of months. Right now I am working on recharging the girlfriend pipeline." nemec-g,This form of guaranty is acceptable. No changes required. nemec-g,"Judy, Attached is the draft confirm for EEX. Can you fill in all the notice information for EEX. Also as we discussed, we also need to insert the well/field/lease data. Note that there is no MDQ. From the printout, it looked as though all volumes in excess of 1700 MMBtu per day were priced as gas daily. If there is an MDQ, we will need to insert it. Thanks." nemec-g,Attached are a draft of the MSA and a Transaction Agreement under the existing Enfolio Master in place between ENA and the City of Palo Alto. Please review. There are a few questions and blanks to be completed after your review. nemec-g,Attached are the revised redlined docs. per our discussion. Let me know if you need me to review these with Mariner's counsel. nemec-g,"Stephanie, Attached is the amendment for the Mexicana de Cobre confirm. Please review and if OK forward to Mexicana for execution." nemec-g,"Eric, The answers to your questions based on the information I have are: 1. The transaction closed on February 3, 2000. 2. All the licenses that you fowarded for Louisiana Resources are currently being used by Bridgeline Holdings, L.P. 3. I don't know. I don't think that any of the licenses were new after the transaction date. Robert, any different info? 4. To the best of my knowledge all of the licenses (that you forwarded) are operating and were operating at the time of the transaction. Do you agree, Robert? To clarify, the assets were not sold to Bridgeline Holdings, L.P. They were contributed to the formation of the LP in consideration for Enron's 40% equity stake and 50% control. No transfer applications for these licenses has been filed. Also, it is not clear from the information you forwarded whether the licenses were in Louisiana Resources Company's (LRC) name or Louisiana Resources Pipeline Company Limited Partnership (LRP). LRP was merged into Bridgeline Holdings, L.P. LRC is still held 100% by Enron North America Corp." nemec-g,"Karen, Please get with Mary Ogden. She can retrieve the schedules for you from our legal files. Unfortunately, I am not aware of a brief of these contracts. I can help you work through the agreements if needed. Thanks." nemec-g,"Her name is Lucinda. Can't remember her husbands name, but I call him Lucinda's husband. The number is 713-697-1626. In case that doesn't work, her husband's work number is 281-970-2020. I pay her $50 every time she comes, which is every two weeks. She does it all. Mops, vacuums, dusts, washes dishes, cleans bathrooms and kitchen, she also washes my clothes, bed sheets, and towels. They do speak very little English. Her husband speaks better, but they may have you speak with their son, unless you want to use your Spanish and pretend you are back in Madrid. Use my name. If she has availability, her and her husband will come out to the house and take a look. You can go over with her what you want done and then agree on the price. I give her a key to my house and she comes when I am not there. A lot of people I know use her and she is trustworthy. Feel free to ask if you have questions." nemec-g,Attached is the executable form of the letter agreement. I have accepted all of Jerry's changes. Please print out two executables of the letter and execute and forward to Mark Whitt for execution by ENA. If you have any questions please contact me at (713) 853-3512. nemec-g,"Staci, Attached is the final form of affidavit. We plan on emailing this version to WFEC's lawyer for review prior to execution. Given the confidentiality provision in our CSA, could you please respond via email with FGT's approval of this disclosure. Thanks." nemec-g,"Lisa, My only comments would be in the Firm Transport section. Since ENA can not directly provide firm transport on NNG, I would rephrase it as ""ENA would arrange for Firm Transport on NNG"". As we discussed before, Unocal would need to enter directly into the FT with NNG or ENA would have to contract for the FT and then release it to Unocal pursuant to the capacity release procedures (which would include posting and bidding requirements)." nemec-g,Attached are the revised docs. based on our discussion. Please let me know prior to forwarding to Palo Alto. nemec-g,"Mary, Please forward me, via email, the two Rusk County Electric Cooperative Agreements you previously prepared for me. Thanks." nemec-g,"It was sitting on Haedicke's desk. Eva, is going to pick it up and bring it to you for signature." nemec-g,"Judy, Attached are the Torch Docs redlined with my changes. I also changed some the the title on Exhibit A." nemec-g,No problem. Let it go. nemec-g,Attached are the revised CA's for the compression projects with Rusk County. I have added Northeast Texas as a party to both agreements. Please review and let me know if you have any questions. nemec-g,"Attached are the documents we discussed. I have a attached a clean and redline version of the Act of Sale, compared against the prior version we sent. Upon your final approval, we will prepare executables." nemec-g,"Rude-Dog, Enron is still treating me like a baby treats a diaper! Just kidding. Things are going fairly well and have gotten pretty busy within the last couple of weeks. Still trying to recharge the girlfriend pipeline on the weekends. Kinda of in a dry spell right now. Oh well at least my life isn't complicated. Glad to hear things are going well for you. Yes the days of surfing Longhorn boards for 3 to 4 hours a day are over. I am really getting comfortable with our DTs actually. Maurice Gordon, even though undersized has wreaked a lot of havoc. He crushed Curry in the endzone for the safety. Sounds likes Tubbs is picking up the double teams (ala Casey Hampton) which allows Gordon more room to work. He is very quick and can get to the backfield quickly. Mark my words, Derrick Johnson is our best linebacker Now!!! Watching him against NC was a joy. He toys with the lineman and makes them look silly when he jukes and blows past them. The guy needs to be starting now. I know he has only played two games, but I haven't seen a more talented linebacker play at UT since I began watching Longhorn football. The game against UH is national on ESPN2, I believe. You should be able to catch it. Watch #11 on Defense. Look for me in the stands. I be the one wearing burnt orange." nemec-g,"For your review, attached is a draft of the processing language for Riceland Ralco. Please provide any comments you may have." nemec-g,"Ken, Below is the revised language for the restriction on activities paragraph in the Cash Sale Form The Property is restricted in that no activity using explosives or other high-power detonating devices may be conducted on the Property within 500 feet of the storage well facility of Vendor located near the Property that would fracture or cause subsurface movement to the storage well facility of Vendor. Additionally, Buyer shall erect and maintain, at its sole cost and expense, a suitable chain-link fence between Vendor's retained adjacent property and the purchased Property." nemec-g,"Hey Jen, The number is at the house. I will send it to you tomorrow. The GK was fun. We went to another similar type place called the Marquis II. They were both pretty cool. Kinda of dives. I was pretty polluted by the end of the night. No game this weekend. We'll have to grab beers again. Later." nemec-g,Attached is the template for the FM letter. Let me know if you have any questions. Thanks. nemec-g,"Ernie, I think that's right. It makes sense since he is Chief Weapons Officer. Bieraugel is one smart dude. He helped me through many an engineering class. Wouldn't be surprised to see Admiral Bieraugel one day. Did you see on CNN how the Navy guys are writing ""For NYPD"" and ""FDNY"" on the bombs being dropped in Afghan! Eat that!! Yep, Saturday was pretty depressing. I have to hand it to OU. Stoops is an outstanding coach. I will still go to the games, though some of the luster is lost. How is the family doing? My little sister Sharon had a little boy yesterday. William Boone. Pretty weird when your little sister starts having babies. We still need to get together when we get a chance. Let me know when you get some time." nemec-g,"Janel, How is it going? I booked this flight for myself. Talked to Bruce and he is trying to set up a beach house or in the alternative, rooms for us at the Sea Trail hotel. Let me know if you want me to book a rental car for us to share." nemec-g,"Keith, Please draft the letter and forward for my review. Could you also forward the language for Item #1as you revised it? Thanks." nemec-g,"Per my phone conversation with Cheryl Hartsell, I hereby give permission for Unimark LLC to provide a copy of the contract with ENA Upstream Company, LLC dated October 20, 2001 to the producer who gas was sold by Unimark under such contract; provided that Unimark informs such producer of the confidential nature of the contract. If you need any further information, please contact me at (713) 853-3512." nemec-g,"Chris, Attached is a form of interconnect agreement with reimbursement language that you requested on behalf of Hugh Connett. Sorry for the delay. Let me know if you have any questions." nemec-g,"Sometimes you just have to step up to the big leagues. I actually didn't know how much that trash can costs. The ex bought it. It is stainless steel, not chrome. I will sell you mine for $90. I will even Lysol it for you. Congrats on your oversized chair with ottoman." nemec-g,"Staci, Attached is a draft of an affidavit the ECS is proposing to supply West Florida Electric Coop regarding an informal requests for documents that ECS received from WFEC. Please review and lets discuss asap." nemec-g,"Lisa, I made significant revisions to this form. Please review and lets discuss." nemec-g,"Per my wife's phone conversation with you, please drop the Tennis and Gold membership items from our current account. The bills should be sent to: 1403 Banks Houston, TX 77006. Let me know if you have any questions." nemec-g,"Max, Tyrell is attempting to set up a conference call with these guys for Monday afternoon. He will get back to us with the details." nemec-g,"In addition to the Philadelphia Gas Works contracts, could you also look for a Husky Oil Operations Limited with ENA dated September 1, 1999. Thanks." nemec-g,Attached is a redline of the Act of Sale with my comments. Let me know if you have any questions. I will draft the resolution this afternoon. nemec-g,"Keith, Please revise the document to reflect Item 1 below. With respect to Item 2, our environmental group is reviewing Enron's use of the property. No such uses should be found. What specifically are they looking for with respect to this item. Finally, any word on the title check with respect to item #3." nemec-g,"Here, Here, I would like to second Ernie's sentiments. We are very proud of you guys and hope that you stay safe. Drop us a note if you can." nemec-g,Attached is the revised draft based on Stephanie's comments. Please review. nemec-g,Forgot to mention earlier. Please fill in the notice information on the executable copy of the Agency Agreement. nemec-g,"Lisa, I am fine with the changes. Just insert the langauge into the confirm under the heading ""Processing""." nemec-g,"I have reviewed the Dow Agreement wrt to the Dow Invoice Dated November 29, 2001 and have found the following 1. 2Q Lease Fee - $115,000 3Q Lease Fee - $195,500. Section 3.3 of the Agreement (as amended) provides for a lease fee of $25,000 per BCF based on 4.6 BCF until the date that gas injections begin in Enron's well (which was July 31, 2001) and a fee of $50,000 per BCF based on 4.6 BCF thereafter. The fees are assessed per calendar quarter. The above fees look to be OK. 2. Final Mining Fee - $23,362.40 Final Land Purchase Offset - ($47,013.75) Section 6.5 through 6.8 of the Agreement provide for a detailed calculation of the Brine Fee due Dow based on the amount of salt removed from Enron's new well and a corresponding credit back to Enron for the conveyance of a 57.865 acres tract of land to Dow from Enron. The credit is also based on the amount of Salt removed from Enron's new well. Dow should provide detail on the salt removed and someone would need to go through the calcs in 6.5 through 6.8 to verify the above charges. 3. Power Credit Adjustment - $16,500 I find no basis for this in the contract. Under Schedule 3 to the Bridgeline Holdings, L.P. partnership agreement, Bridgline is obligated to bear all obligations under the Dow Agreement up to a maximum of $1,000,000 per year. So Bridgeline should be paying these costs, assuming they haven't already paid up to $1,000,000. Let me know if you have any questions." nemec-g,"I changed the date in the working drafts. Let me know what other comments you have. Heather Kroll/ENRON@enronXgate 05/23/2001 10:25 AM To: Gerald Nemec/HOU/ECT@ECT cc: Subject: RE: Revised Coal and Ash Agreements Gerald, Sorry I made a mistake, the ground lease will end January 31, 2009 (not 2008 as in my previous e-mail)." nemec-g,Attached is the draft letter. Please review and let's discuss. nemec-g,Please see attached. Thanks in advance. nemec-g,"Nelson, Attached is the Confirm and GTC for the deal with Devon. Please review and if acceptable you can forward to Devon for review." nemec-g,"Nora, The notes were paid off. We do need to cancel the originals. Let me know if I need to do anything." nemec-g,"Chris, Attached is Shonnie's draft of the Closing Statement. Note that she nets out the amount with the payment due under the amended Master Services Agreement. Please review." nemec-g,Attached is your proposed language with my comments redlined. Please review. I would be happy to discuss. I can be reached at (713) 853-3512. nemec-g,Attached is the Burlington guaranty with my comments. I was unable to redline the doc. Computer problems. I am forwarding the clean version. Hopefully Burlington can redline against the draft they sent. nemec-g,"Mark, I forgot to mention in my earlier note, that for the parking/storage arrangement with Bay Gas, I would request their form of storage agreement. I makes more sense to have a separate agreement cover the parking arrange as this is really independent of the compression services. These storage company typically have their own agreement that not bad and usually won't use the counterparties paper." nemec-g,"Keith, My changes are redlined. Please provide any comments." nemec-g,"Attached for review are the draft template GTC and Confirm forms for the monthly wellhead and pooling point purchase business of ENA Upstream. Please review and provide any comments you may have as soon as possible. We would like to implement these templates for October business going forward. Judy, We need to discuss how the ""Keep Whole"" language used for the torch deal, should be incorporated into these forms for those deals with the negotiated Keep Whole. Ellen, has scheduled a meeting for Thursday to discuss." nemec-g,"The product description was to be used for various pipelines (e.g. NGPL, Transco, etc.). Yes, in this product ENA would always be the seller or the buyer of the capacity to be released. I visited with Steve earlier, and the concept that Julie Gomez had discussed earlier was allowing third party pipelines or third parties to use EOL to buy and sell capacity from or to other third parties. As far as I know, these were just discussions and the only EOL product implemented was the one I forwarded to you." nemec-g,"Mark, Could you please review the attached. The documents are for access to a commodities and derivative products online exchange. ENA Upstream Company, LLC is the Enron entity needing access. The last directive I received it that all these types of documents for trading platforms needed to be reviewed by you. Let me know if I am mistaken. Thanks." nemec-g,"At this point, I don't think any assignment to ECS solve any of these issues. We still have to get approval for any cash outlaws from ECS since it is 100% owned by ENA. Also assignment from a debtor entity to a non-debtor entity might require certain approvals from the Bankruptcy Ct. and the DIP financing. I can look into it if it necessary, but does it really help the cash situation?" nemec-g,"Andy, I have a few comments. Attached is a redline." nemec-g,"Brian, Attached is our response to Bridgeline's issue list (revised based on our meeting) with a short cover letter. I addressed the cover letter from you to Robert Morgan. If that is not correct let me know. I am sending a hard copy of these docs for your signature. Let me know if you have any questions." nemec-g,"Cindy, Attached is the revised confirm with my changes redlined. Let me know if this covers Nelson's concerns." nemec-g,"Kay, Please see attached. Thanks." nemec-g,"Sounds like you have been busy. Work sucks. Everybody is really stunned and depressed. Plus, I have been sick since Sunday. I have missed a couple of days of work. Not a good week for the G. Sorry to be such a bummer. Anyway, glad that you like Lucinda. She does good work. We'll catch up this weekend." nemec-g,"Barry, The information on the top 10 from your contract list 1. Duferco-Farrell Corp. - Could not find any contract in our database. Do we have the name correct? 2. XTO Energy Inc. - There is no MAC clause in the contract. So they can't terminate unless we fail to perform. One way termination payment 3. Power Authority State of New York - No Master Found. Only a GTC and Master Interruptible. 4. The Peoples Gas Light and Coke Company - Found an old Columbia Energy Marketing and Consolidated Natural Gas Company. No MAC termination clause and no termination payment calculation. If party fails to perform then other party can seek damages. 5. NUI Utilities, Inc. - MAC Clause triggered at BBB-. Two way termination payment 6. Louis Dreyfus Natural Gas - No Master found. Just GTCs and a Master Spot 7. Florida Power and Light Company - MAC Clause triggered at BBB-. FPL can terminate unless we provide LC equal to their Termination Payment. One way termination payment. 8. The American Coal Company - Couldn't find any contracts. 9. Trigen Energy Corporation (Found Trigen-Nassau Energy Corp.) - No MAC Clause. No specific remedy for default (i.e. termination payment) 10. PrimeSouth, Inc. - Could not find any contracts Sorry for the delay. Let me know if you need more information." nemec-g,I have a conflict and will not be able to attend. Let me know if there is any thing you need my help on. -----Original nemec-g,"Chris, Attached are driving directions to Nicor's Troy Grove site. Per our discussions, please verify whether the site is in Illinois Power's territory." nemec-g,"Mark, Attached are rough drafts of the following documents for the noted projects: Bay Gas Storage 1. Draft CSA 2. Draft Lease Agreement 3. Draft O&M Agreement Oakhill 1. Draft CSA 2. Draft O&M Agreement for Hanover to provide maintenance. Please note that these are really rough based on the limited information available at this time. I did not provide a lease agreement for Oakhill as you indicated Hanover would finance/lease the Electric Motor Drivers to ECS. If Hanover is providing a straight lease, the lease for Bay Gas could be used. If Hanover is providing a purchase option, the lease agreement would need to be modified for the purchase option. My suggestion is to provide these forms to the customer with the caveat that as the commercial terms are fine tuned, these drafts will be modified. But this gives them the basic idea. In my absence please contact Barbara for coordination of legal support in the event you cannot wait until I return. Thanks." nemec-g,"Attached are clean and redlines of the revised docs. I forwarded the clean versions to Brian Stone prior. Jessica, Barry asked for 5 copies of the attached on his desk in the morning for his review." nemec-g,"Ken, We are in receipt of your revised sale form. We will review. I also need the following items by today to fully complete my review. 1. Any comments you have to the restriction language I proposed. 2. Draft of the Board Resolution you added to the Act of Sale. 3. Any other comments you have. Please forward this information ASAP." nemec-g,"Attached is the form of pooling point purchase GTC for ENA Upstream. This form still needs further refinements, but for August business I am comfortable to use. However, John please specifically review the nomination variance language in the confirm. Upon your approval, Ellen can move forward with August use. Let me know if you have any questions." nemec-g,"Susan, Could you look for and email me the following: Storage Agreement with Montana Power Interruptible Storage Agreement with WBI Transport Agreement with Trailblazer Pipeline Company (Think it was dated around 1995) Sorry for the sketchy info, but that is all that I have. Thanks." nemec-g,"Lisa, I am fine with your changes. The language that you highlighted in red should read ""the Parties enter into a defintive agreement(s) for the compression services"". Please make the change. Let me know if you need anything further." nemec-g,"Mark, Made a few small comments. See attached." nemec-g,"I need a couple of CA for the following information. The need to be bilateral agreements. Please use the bi-lateral form, that you and I have used before. The Enron entity is Enron Compression Services Company. Ned will be sending a more detailed scope shortly and I will forward. Please come to me with any questions." nemec-g,Attached are my Louisiana counsel's comments to our ROW form. I agree with his changes. Please review and let me know if you have any questions. nemec-g,"I don't think there would be any problem with the ECS selling the gas to a third party. They are currently selling the gas to ENA. I am not sure how the proceeds from the sale will be handled once ECS recieves them, since ECS is not bankrupt. I will see if I can find anything out about that. Eric, you might want to check with Ed and see if he has any insight." nemec-g,"Bill, The contract itself does not have a confidentiality clause, but per Jeff Stone's email, Gulf does consider the contract proprietary information and does not want this info voluntarily disclosed at this time. I forwarded the email to you earlier. Concerning the emails etc., as I mentioned before, ECS has a copy of a Confidentiality Agreement that we executed by Gulf, initialed by me as ECS attorney, but not signed by an officer of ECS. Our business guys think we executed this agreement. This CA would cover all information exchanged between Gulf and ECS. I have asked Russell Badder's to check with Gulf to obtain an executed copy. Nothing in the CA agreements prohibit me from disclosing the CA. So we could potentially provide the copy of the CA we have to John. Obviously the correspondence between ECS and Gulf contains the commerical terms of our power deal as we negotiated with Gulf. Given Jeff's email and the CA copy I have in hand, I would not want to disclose the emails and memo's without Gulf's explicit permission. Let me know if you have any ideas on the best way to approach this with WFLA." nemec-g,Attached is the confirm and GTC for the Wellhead purchase with Keep Whole language that we discussed. Let me know if you have any questions. nemec-g,"Per my phone conversation with Cheryl Hartsell, I hereby give permission for Unimark LLC to provide a copy of the contract with ENA Upstream Company, LLC dated October 20, 2001 to the producer who gas was sold by Unimark under such contract; provided that Unimark informs such producer of the confidential nature of the contract. If you need any further information, please contact me at (713) 853-3512." nemec-g,"Ed, Can you help me out with this? Kay is out of the office." nemec-g,"Dave, How about tommorrow at 2 pm central. Let me know." nemec-g,No. This must be the Pulp & Paper GTC to which they are referring. They didn't specifically note it as a gas deal. Thanks for your help. nemec-g,Attached are the latest documents. The Transaction Agreement was split into two separate agreements. nemec-g,Attached is a draft of the Confid. Agreement we discussed. nemec-g,Attached is the structure with my comments. Concerning the earlier question. It is not clear under Texas law whether the surface rights by themselves are sufficient to convery the right to use property for gas storage. Thus the rights should be leased from both the surface owner and the mineral owner to be sure. I revised the transaction sheet to reflect this. Let me know if you have any questions. nemec-g,"Bruce, Give me a call when you get a chance. We have much to talk about in recruiting. Let's see....... Albert Hardy, Rodrique Wright, and now Marco Martin. Unbelievable. If we could only land Vincent Young." nemec-g,"Paul, Attached is the Kennedy Amendment. Please review and if acceptable, please forward to Kennedy." nemec-g,Sorry. I completely forgot. I will get you a check tomorrow. Everything is going fine! How are the law school plans going? nemec-g,"Based on our discussions yesterday, attached are the BHP Confirm and GTC. Please review and let me know if you have any questions. We still need to input the Delivery Point information." nemec-g,Attached is a redline of the letter with my changes. I will forward executables with my initials. nemec-g,"Mary, Can you prepare two executables of this doc. for my initials. Thanks." nemec-g,"It was very nice running into you also. Banker, smanker. G works hard for the money, so you had better treat him right. What do you have going on this week? Thurs. or Fri. after work would work. (That sounds" nemec-g,"Keith, Attached is the form PSA for the sale of the Napoleonville Lot and Warehouse we discussed. LRCI, Inc. not Houston Pipe Line Company will be the selling Enron entity. You should be receiving the appraisal that was prepared for the land today via Fedex. Let me know if you have any questions. (713) 853-3512." forney-j,Cant - I have friends coming in from Calgary. I went to a great course yesterday; Glenloch Farms is not too far from the Woodlands and was a cool layout. We will have to go when I get free. forney-j,"Tom, The Frontera file has, in the first tab, their calculation for their daily costing. Ken gave me this and asked me what I think. It would probably be best if we talk some more about it, rather than sending it to Jerry Brown, etc. What do you think?" forney-j,"Narsimha - Can we get together to discuss how best to serve your retail load? I think this simple process has been complicated by the number of players involved. We will give you any structure that you need and provide transparency as to how we do what we do. What more is there? I have heard that this could start as early as September, but we are still a bit short on detail. If we started in September, I would envision passing local charges, congestion, etc to EES. We would schedule your hedges, your load and cover any remaining balance (or not) with respect to load zone. We would provide scheduling services, settlements and 24 hour coverage to handle any contingencies that might occur. I look forward to working with you on this issue. Give me a call when you get a chance." forney-j,"I need some support on this: For the last two weeks, Ercot has been giving us OOMC orders. They have told us to run the plant, without question. We have asked them whether they mean OOME when we run. To a man, the Ercot dispatch guys have said that OOMC means to run, they want the power. I have launched three e-mails (requesting clarification) to Mark Patterson, starting weeks ago on this issue. Yesterday, I caught Mark by phone at 5:30pm. Mark consulted with his operations group and determined that we had been OOMC'd and we should run, but they are not going to pay us the hr calc. They said that OOMC means run and we are supposed to sell this power. This confusion on our part will prove costly to Frontera as they will be paid the imbalance, instead of the heat rate calc. We cannot sell in the offpeak hours for greater than $5. It costs us $26 to generate power. Mark said "" dont worry, at worst case you can file for reimbursement."" Mark also said that we will get paid for the capacity. But what??? It is my opinion that it is no accident that Ercot was vague on this issue. They want to penalize us if we dont run, and if we do , we will lose money. We then file to get a break-even rebate. They are acquiring ancillary reserves for free and not even paying for the energy component. I realize that these issues will be discussed in the Tuesday meeting and I will provide examples, as requested by Ercot. I need some support from the protocols and I need some suggestions. I do not want to allow these guys to game us anymore. We will be more vocal in this meeting. If no resolution is reached, I vote for ignoring their OOM instructions. I need a ruling on whether they can force us to lose money." forney-j,Please update your phone list with Frontera's new numbers. They would prefer that we use the toll free number. forney-j,"I left you a request over a week ago concerning clarification of your question. Could you please present your question in written form as a reply to this e-mail? If I cannot answer the question, then I will get an answer from our Ercot Rep. The Ercot Settlement Statements have just arrived and we are breaking them down to ensure that they Protocols are being followed. This is what is complicated as Ercot doesnt yet know their own rules. Let me know what you have. JMF" forney-j,we put it on for tomorrow. i am short the pool at $20. i gave them an agressive bid and i think that we will both win. forney-j,"The turrrets are programmed in the order of personal preference. However, you can use someone's while they are gone. I will get you access to Watt's or Eric's." forney-j,"Joan, I left a message for you today concerning your e-mail. Do you still need someone? I would like to ask you some specific questions again, so give me a call. I am at 3-7160." forney-j,"AJ, Thanks for checking in with me. I had a couple of questions: Does Anadarko have any power plants or do they trade gas/electricity actively? I currently do several things: I am the Manager of the real time Power Trading desk. I also manage the Ercot Asset book. I trade around a combined cycle gas plant in south Texas. I am required to trade gas along with the power in order to properly hedge the plant. I would be interested in continuing in this area. Thanks for anything you can tell me about working at Anadarko. I could send my resume, but if we dont have paralell needs, then I wont bother. I have some other things that I am working on. Thanks again for asking. This company will be fine, but I have worked 12-14 hours/day for 8+ years. When the stock price is $90, I can somewhat justify the hours and lack of life. However, although I am sure that Enron will bounce back, I am no longer willing to sacrifice to make it so. I have been consistenly profitable in my time here. I have never been on a losing team - we have always made major money for the company, so it is very hard to understand how this whole thing is unwinding. Anyway, thanks again and I look forward to hearing from you." forney-j,"Kim, Thanks for spending time with me yesterday. I have spoken with Tom May concerning what my status was. I mentioned that my preference would be to return to Portland, however, I would be considering other options within the company for one week. My thought was that I need to relay this same message to Presto, Doug and Lloyd. I will communicate this today, unless you have other ideas. As discussed, I have attached a copy of my resume. It is getting kind of long, but I havent really gotten a chance to ""abbreviate."" Thanks again for helping," forney-j,"So, you waited until the weather became bearable before coming to Houston? Good call there. I travelled to Portland a week ago to visit friends. Deb and I had a great time and the flight was so cheap, $165. The weather was awesome and the wine was good ( as far as I can remember ). Anyway, it was good to see Stewie, Tim and even Richter. What are you working on here, is it classified?" forney-j,"Karen, I have spoken with Adrianne yesterday concerning the status of this process. At that time, I had left messages with all three candidates, but was unable to reach them. Late yesterday afternoon, I received a call from Nicholas Watson. I was impressed with his previous experience in trading and his educational background. He also had shown some innovation related to some projects that he worked on at JP Morgan Chase & Co. I would recommend scheduling Nicholas for an interview. I did relay to him that we would contact him within a week. I will again call the other candidates." forney-j,"Until further, it is best to avoid long positions in the morning hours that are to liquidate against the balancing market. The downside is $1000 and the upside maybe $10." forney-j,"Pete, Do me a favor; e-mail me your question and I'll work to get an ""official"" answer. Remember that although we will get an answer, the invoice may appear somewhat different. Of course, the tariff overrules any answer that we may receive." forney-j,"Alex, Please see the logon for the ""traditional"" Ercot oasis listed below. Use this login until the Ercot ISO is in effect." forney-j,"It doesnt take you long to respond to a slam. of course, no details of our discussion were mentioned to badeer - i told bobby that you sounded like you came from a bar the last time i talked to you. i am flying out of state for an interview on monday. i expect to fly again later next week. i am still interested in being a part of a leaner trade floor at Enron, but this proposition is less likely than my leaving. the creditors and the bankruptcy judge are not that likely to approve good bonuses for performers, in my opinion. We will be dogged with credit issues and lawsuits for a long time. what do you think?" forney-j,"I will be out of the office this Friday, next Monday and Tuesday. I will be taking some vacation days. I will be checking in and I will be available by cell phone. thanks," forney-j,"kim, thanks so much for checking into this for me. sorry for the delay in submitting." forney-j,"Madhup, We still need to provide detail on when errors/ problems actually occur. I will work to get this to you by tomorrow." forney-j,"Amy, do you have time to meet with me for 15 minutes? thanks," forney-j,"Thanks for asking - things are still pretty tough here, but I determined to make it work. I am a Director now - would your management be concerned about that?- just curious." forney-j,cant make it tonight. this is my 13th anniversary with the wife. i am going to humble for some dinner. we are going to florida on wednesday and will return on sunday. the company down there is flying us out to take a closer look at the area. it looks as if i have sold the audi. a guy put a deposit down on it today and i am supposed to meet him tomorrow. lets golf soon. forney-j,"Frontera is long hour ending 7-11 by 5 mw';s. This has been scheduled into the North 2001 zone on behalf of Teco Services. Please sell this power for > $5, if possible. Use your judgement - let me know if you have questions. Please cut the imbalance deal and replace with the new sale." forney-j,I have sold Frontera the following: he 7 - 200 mw for $26.04 he 8 - 50 mw for $26.04 Please transfer this imbalance amount to me. See deal no's 835119 & 835120. forney-j,"Jerry, Please see the attached . As I mentioned, I will be out of the office visiting Ercot tomorrow." forney-j,"http://mospublic.ercot.com/ercot/jsp/balancing_services_mcp.jsp This is the public Ercot ISO site. You can query for prices. We have an internal site, the East Power Portal site, which has a section for Price and Load. This scrapes info from the Ercot website. I would think that you need special access to use the link below. http://eastpower.test.corp.enron.com/portal/basic_page.aspx?mod=35&url=/portal/modules/regions/ercot/priceload.aspx" forney-j,"Settlements and Risk have blessed our version of the procedures. Now we need to run this by Teco. Should I call Frank Busot to discuss, or is this an item for discussion in the meeting on Tuesday? We have already received their invoice for June and they have again invoiced us at the sales price, rather than the minimum market price. I will be involving Clint in the reconciliation to give him some exposure to this side. What do you think?" forney-j,"Madhup, We have been having alot of trouble with one of the big screens that is fed by the portal server. It is the display over Doug's head. This shows ACE and load forecast. Doug is very excited about this, as we have had a daily problem It works temporarily , but goes down daily. Is Sasha the guy to talk to on this?" forney-j,We are long 50 mw's (ercot asset book) for the 2x16 . This is scheduled into the North market. forney-j,"doing well in the book. spread options coming in well, real time going very well. same old stuff. very much deja vu. golf is very good, as I get to play more often. how is it going for you?" forney-j,"Gerald, I am talking with Gary Bryan. You do need to be involved in this and I need your feedback. Come by when you get a chance. thx.," forney-j,"Alex, You have been somehow entering deals under South America - Brazil region, rather than South 2001. Risk has been having a problem with this. This has also affected the Brazil trading desk. Double check your deal entry desks and zones. I intended to mention this last week and I forgot. It came up again today, per risk. Also, on the hour ending 6 deal today; you should have entered a sale to Frontera in Enpower, rather than Mirant. This is a bit confusing, but here goes: Frontera had sold Mirant this option, not Enron. Frontera tells me daily what Mirant is calling for. I replace this power, or Frontera generates the schedule. If I (or you) replace, then we do enter a schedule of a sale to Mirant in the Portal. But, we dont sell to Mirant in Enpower, as this is not our deal. Instead, the sale goes to Frontera. They pay us to reimburse us for buying LCRA on their behalf. Does that help?" forney-j,"Kim, Keenon has been recommended to Doug as a possiblity in RT. I think our roster has been filled out, however, I had promised this guy an interview before I knew that Lloyd had lifted some people. Can we schedule an interview with Keenon, as I think that he is a strong prospect. I will send you a copy of his resume via office mail. He can be reached at 713-410-2255. Please let me know what you think." forney-j,"Scott, I dont get discounted tickets, but occasionally someone will offer them for sale on the e-bulletin board. I'll keep an eye out for you." forney-j,"Just a quick note to acknowledge the great job that Geir Solberg did in helping our office out during Tropical storm Allison. Our phone lines, computers and cell phones were down. Additionally, we were short staffed due to floodwaters downtown. One of our service customers, Teco, wanted to sell some test power in South Texas. Geir was contacted via satellite phone. He sold 230 megawatts each hour to AEP. He used the proper terminology unique to Ercot and sold the energy at a decent price. He maintained good, detailed notes and was able to relay this information to me the following Monday. Most importantly, this was a seamless transaction to the customer. Again, thanks for the help." forney-j,"I have sold Frontera a financial swap for $28.50 for hours ending 7-12. The first 3 hours are for size (300 mw's). I would buy hours 7-9 tomorrow for up to $20. I could buy up to the 300 mw's. Schedule this to load in the North. I could also use 200 mw's for he 10 and 150 mw's for he 11. Calpine has had an offer recently for hours ending 7-9. If you have questions, please give me a call, as this is a very important issue. Words of advice: Dont go into the market with a $20 bid for 300 mw's. Quietly accumulate these mw's if possible. Do not tip your hand on this deal, as that would contribute to spiking RT prices." forney-j,"In this case, Ercot Asset gets allocated the expense of the imbalance. The enpower deals listed below are under this desk. The financial swap info is going out, Frontera being the most logical first customer. Is there anything else from us that you would want? Im thinking in terms special entries that would notify your group to withold balancing expense from Frontera, etc. Let me know what you think." forney-j,"Attention: The Ercot ISO has been settling our trades scheduled to the North by giving us the West or South Balancing Energy price. We have officially disputed this allocation, as we believe that we would, at most, incur a load deviation imbalance in the North zone (to be settled in the North). Again, a purchase in the South scheduled to our load in the North is receiving the South or West prices. We are awaiting Ercot's explanation. Until further notice, do not schedule energy from the South or West to the North. You may still engage in intrazonal, or same zone, trades (QSE to QSE ). What IS permitted is imported from outside Ercot into the North zone. The DC tie is in the North and we should stay aggressive, working with the SPP team to secure transmission to and from Ercot. When in doubt, wake me up. Update: At 6 pm, our Rep from Ercot agreed that the schedule mentioned above should have load imbalance assessed at the NORTH price. However, I still cannot accept his answer as the gospel, as any written interpretation of their tariff will always overrule our guy. I will advise when it is safe to re-enter the water, but for now: EVERYBODY OUT OF THE POOL!" forney-j,"Whoa, that is way too high for yesterday. Please hold the presses before this gets billed to us." forney-j,"Hello, George. 1. The actual shift change occurs at 6 am until further, however, I expect traders to arrive at least 20 minutes before shift change. 2 the September work schedule is attached 3. I understand that most park in daily fee, ""outside"" lots." forney-j,We are long 65 mw's from Frontera at $5 for tomorrow. It is scheduled into the North 2001. Sell if needed. forney-j,"Samuel, The traders listed above are not valid in Enpower as traders under the following books: Ercot Hourly Teco Services Please have them added asap, or if you could, let me know who is responsible for making this change. Thanks Samuel," forney-j,I have relocated from the West Desk in Portland Oregon and have been advised by our Legal Dept. that I should not delete any e-mails until further notice. Please advise. forney-j,"Anoush, I have talked with John Phillips with Cinergy Worldwide. His company is an experienced residential load aggregator in the Northeast. They are not related to the Cinergy utility. They are interested in a partnership with Enron/New Power where Cinergy would market directly to individuals using our paper/ terms in return for a negotiated fee. He is interested in entering the Texas Choice arena. They claim to be capable of size in signups. I thought that this may be a good fit for NewP. The number for John Phillips is : 410-365-5613 Let me know what your thoughts are. John Forney Ercot Trading" forney-j,"Lloyd, We received this from Preston. Everyone on this distribution list would assume that EES is waiting on information from us. We are still awaiting meaningful data from Narsimha/Preston. I am going to discuss this with Narsimha. I feel like a reply is warranted, as we are making no headway on this project. I fear for Preston if he is to work with me in the future." forney-j,I will come by sometime after 8:30 am if that is okay. Thanks! forney-j,Please see the attached site. The logon for this is: ljester password is: 38zpzz http://oasis.ercot-iso.com/index.html You can copy existing Oasis requests or create new. forney-j,"I have one half day of vacation tomorrow and I'm out on Monday. As you can see, I am still a slacker. No, really we havent been anywhere since we moved back in January. we are going to Austin this weekend to play some golf. Houston is not that scenic, so I'm heading out." forney-j,When do you want to come? The wife and I are expecting you and Richter this week. I will be working some nasty hours this week due to the new market opening. Let me know..... forney-j,Please see the attached that weve discussed. Please note what is contained on the sheets on the bottom of the tool. forney-j,"What about New Power, should we refer this deal to them? It looks pretty good." forney-j,"Julie, Please see my resume, as attached. I would be able to meet Frank Busot and others this week or next, at their convenience. Please note that I would prefer to travel out of Bush Intercontinental Airport, as it is very close to my home. Thanks for your interest and let me know if I can provide more information to your company. John Forney Director, Enron North" forney-j,Jerry see the attached. Ercot has your direct line (cell) for down balancing today. We are evacuating. My cell number is 713-412-7529 Call me if you need anything. Thanks! forney-j,"Kim, I need to speak with you at your earliest convenience. Please call me at 3-7160." forney-j,"sorry for the delay in providing feedback; i have been out of the office. the confirms look good and I am ok with sending them out. if you have any questions, give me a call" forney-j,"Please see the attached list. If you have questions, please call." forney-j,"We are long 100 mw's for hour ending 16-19 on Monday. This is currently scheduled to load. If prices are poor, we need to sell this energy early Monday morning for > $22 if possible. The sale goes into the Ercot Asset book." forney-j,"Please note that when we will receive a unit specific instruction, we will also receive a category one deployment. The unit specific instruction tells us the level that they want the unit to produce. The category one is just a summary of how much we need to move to achieve the unit specific level. These should not be combined . Also, when you receive a category 2, 3 or 4 we are essentially receiving an OOM type instruction that is settled under the OOM provisions." forney-j,"You are done on those dates. Thanks for being specific. Sorry that Johnny had not spoken with me, but it will work out okay. It seemed like you were needing some additional days off in July? Is that right? Hope your training with Errigo went well this weekend." forney-j,"We are short 100 mw's in the Ercot Asset book for hours ending 7-22. We want to remain that way, unless the balancing energy market goes haywire. We would need to delete our SC counterparty EL Paso and input a replacement QSE in the portal if this is filled. Enpower shows 100 mw's coming from Ercot imbalance. This deal would need to be cut and replaced with the power that was purchased for bal-day, etc." forney-j,Stephanie McHargue will be backing up Jerry Watson this weekend. She will be another contact person available to us if we cannot contact Jerry. Her numbers: cell: 813-293-0700 home: 727-522-6741 pager: 813-266-8044 Remember to call her this weekend with any Frontera changes. forney-j,"Amy, How's it going? I was wondering how Jeremy was doing. Is there anything I can help with on an ""unofficial"" basis? It would seem that he has a decision to make, though I havent heard of his progress lately. Did you have your vacation yet?" forney-j,"So, it would appear that we have a good case for recovering some money for OOME? I am of the opinion that for every time I was ordered to run under the OOMC, I should be paid the OOME calc. Is this flawed logic? What do you think." forney-j,"Joe, Here's another. Please check this out and let me know what's going on." forney-j,"We must notify the Control room (GENCO) personnel concerning any deviation from the preschedule. For example, when we have availability, or even ""must sell"" situations off of Frontera, the Control Room must revise their Resource Plan. They need to revise in order to prevent an Area Control Error problem. They have the same deadline (two hours before hour ending) that we face in submitting QSE trades - give them timely info so that they can get their side in. For now, you can use the Stento (dial 5 432) or telephone 877-294-3900. Of course, you can just knock on the door. In Ercot only, we are allowed to exchange information with the control room. No other region has this capability." forney-j,"Tj, Can you price a flight for me to Tampa that would leave from Hobby airport? The meetnig is on Tuesday and I could leave either Monday night or Tuesday morning. I could take an afternoon flight from Tampa to Houston Hobby." forney-j,I am discussing this with Cara at Tenaska. She is going to send more support for this. forney-j,"The opportunity here has been enhanced; in addition to Managing RT, I would be managing all of the Service Assets in Texas. This includes trading around a 500 mw plant, serving EES and New Power Company loads, and also the potential for managing a new 1500 mw full requirements deal. Of course, I would have to have all of this in writing. I would be working with the Texas Term trader to enhance my trading skills in order to effectively manage this position. This makes the offer more attractive, but still I would be in Houston. I am still apprehensive of the bait & switch exposure. What do you think?" forney-j,"The Hourly Ercot book is long 30 mw's at $13.25 for hour ending 23 and 24 on Friday. This is currently scheduled into the North Zone load. When you sell this, cut the load and replace with the appropriate QSE trade. The purchase is in Enpower as #825387. The sale to Ercot Imbal is under #825406. Cut the enpower sale and replace with appropiate sale counterparty. Everything should be entered under the Hourly Ercot desk. Let me know how it goes." forney-j,"Lloyd, Thanks for your help on this issue. Sorry for the delayed response. I think I have my facts somewhat straight, but I am available to answer questions." forney-j,"Hour ending 3 for 5 mw's has been confirmed with HLP. HE 3 was 60 mw's originally, but was cut intra hour. The integrate mw's are 10mw'w and are reflected on revised oasis request 4405. HLP agrees with this." forney-j,"Shane, Thanks for your inquiry. See the attachment and let me know if your company has questions." forney-j,I can meet with Keenon today or tomorrow. I will be out of the office Wed-Fri. forney-j,"Please make the following arrangements for me in order to join Tom and Jeff in Tampa for the Teco meeting: 7/16 - Depart Hobby to Tampa at 7:50pm flight. Stay at Hyatt - Jeff Miller has made the arrangements already. 7/17 - Depart Tampa 4:30, arrive Houston 6:35pm. I will be calling on Friday to check on this. Remember, I will be on vacation Friday and Monday. I was scheduled to take Tuesday off, but I will have to attend this meeting. Please do not schedule a vacation day for me on Tuesday." forney-j,"Joe, I need some help on the schedule for September 20th. Steve Olinde is on vacation this day. I intended to cover for him, but I am now trading the dailies for Frontera. I will not be able to cover the RT shift. I know that you are working alot of days before then, but I would appreciate your help." forney-j,"We are long 50 mw's for 16 hours Saturday and Sunday. The length is under the Ercot Asset book and the cost is $15. I am concerned about Sunday morning, specifically, hours ending 7-11. If you could sell this for a decent price, it would be a good thing. The purchase is an interdesk deal, so it wont show in Enpower Scheduling. Also, for hours ending 15-20 on Sunday we are long an additional 100 mw's at $16.31. The purchase is under deal #873330 from City of Austin. The temps are supposed to be warm and it should be muggy on Sunday ahead of the cold front. This is scheduled to the North Zone under Enpower 873332. Either leave alone or sell under the Ercot Asset book. For Monday, we are long 50 mw's onpeak under another interdesk deal. The length cannot be seen in Enpower scheduling. This deal is under Ercot Asset and has been scheduled to load (north) under deal #873255. Also, we have another 100 mw's from COA (see Enpower #873330) for he 15-20. This is scheduled to north zone under enpower #873332. Dont forget that the night crew will report to the new building Sunday evening. The phones are to be inactivated here at 5:30 pm Sunday. Thanks and lets trade it up!" forney-j,"Lloyd, Do you have time to meet with George at noon today? I am going to talk with him again at this time." forney-j,"Frank, Thanks for meeting with me yesterday. I am impressed with your operation and the people who will be building this from the ground up. I'm sure we will be talking again soon. I regret that I wasnt able to stay longer and possibly catch some specs. Thanks again, John" forney-j,"CHECK IT OUT. IF YOU TRADE DAYS WITH ANYONE, MAKE SURE THEY HAVE A SIMILAR SKILLSET. IE, DONT TRADE WITH THE NEW GUY TO FILL A NIGHT SHIFT ALONE. THANKS!" forney-j,"Ken, Laurel will be sending the spreadsheet from now on. I asked her yesterday to include you on the distribution. I will be out of the office next week. Clint Dean will step in for me." forney-j,"Dahlke, I purchased a gas deal, 10,000 mmbtud - HSC for 7/10-7/31 for $3.15. I bought this through Doug G-S. Wont you take the final prints for each day and calc profitability for me, or how do you do this? Please give me some money" forney-j,"Ken, Take a look at this. We will sell an additional 85mw's for hour ending 2300 tomorrow. This is not on the sheet, obviously." forney-j,"Okay, so we now have a procedure. I will broadcast to the group and see that it is implemented. I still havent completed all of their discrepancy checkout. I have been working nights through the weekend and tonite. I will address these on Tuesday. Clint will be helping me to resolve these and future issues." forney-j,"Mark, Please see the attached resume that details my professional experience. I can be reached by cell phone, 713-412-7529 to answer any questions you may have. My home number is 281-419-4388. Thanks for your interest. JForney Director, Ercot" forney-j,"Chuck, Lee Dean with Primrose Oil called our West Desk to inquire about electricity service to their field in Texas. His number is 940-322-1077. If you could pass this along to the appropriate salesperson, I would appreciate it." forney-j,"Erik, I will be available earlier than 5:30 for an informal discussion. I will be in the office Monday and Tuesday of this week. I will be out the remainder of the week on vacation. Let me know if this works." forney-j,"Bart, que paso, juaro? Jeff passed on your e-mail. Too bad about the beetles. Is that the Taylor High School Mascot? ""Taylor, home of the fighting beetles,"".... Go beetles! I think you are right about Ercot being difficult to set up, but it just reemphasizes the need for you; they need an organizer and this situation fits your strengths. Well, enough about you, let's talk about me.............. the Entergy gig was made more difficult, as I received NO training in cash trading. After a couple of months, a coworker took me in and gave me some pointers on hedging, which is especially important in my region. The month of May was very profitable, finally, and things were coming together until.......... (Please keep this confidential) Presto called me in to tell me that I was moving to Ercot as Manager of the Real Time group, his decision being final, no negotiations. (thanks for your understanding, bunghole). I had previously turned down several attempts to bring me back to Texas in this capacity and I expressed that I was less than happy with his decision. I think that Ercot will be busy and a worthwhile region to be involved with, given that we have retail load to service, etc. However, thats not the job that I agreed to move 3000 miles for. I suspect other changes would ensue, once I established this region. So. It looks like I will be returning to Portland. We bought a new house here and are very happy with everything, except my job (which is a huge thing). I may be working West Mid Mkt SW or doing something with the Service Desk. I dont mind doing anything as long as it's productive. Anyway, I was pissed in the beginning, but I had to take time to digest this, analyze the opportunity and make an informed unemotional decision. I am too deep in the (out of the money) options to cut and run, so it now boils down to where do I want to live. There is interest outside of the company in me, but I am under contract. I miss Portland and I think about it all the time. I must be a mountain man at heart. Well, let me know if you have any thoughts on the above. Once again, I dont wish to have this get out to anyone on the West desk, just yet. I heard that you did really well on your home sale. That's awesome. Maybe I can buy back my house and my boat. (just kidding). I am actually more concerned about buying another boat than I am a house. How is your housing in Taylor? I miss the beer in PDX, boating and the winter bowling. It is freaking hot here in Texas! Anyway, keep kicking butt and keep those Texans in line!" forney-j,Jim Flores - did he also work in Finance? I dont remember him... forney-j,"I am scheduled to be out of the office for a few days in late August. The dates are specifically 8/22, 23 and 24th." forney-j,cant even go to the head. thanks for the offer anyway. forney-j,"Chris, Good questions: 1. You are fine using Ercot System as the delivery opint until the Ercot ISO opens on July 20th. Subsequent to that, we will enter the appropriate zone for each purchase or sale as West, North or South Zone. If we wish to schedule mw's across a path, ie South to North, we will need to create an Ercot transmission deal to link south>north. We do not actually do an Ercot Oasis, etc, to buy this transmission, rather, this is a way to reflect the desired pathing internally. Risk Management is creating this internal transmission counterparty for us. I will let you know what it is called. 2. The positions that we manage for Frontera/Teco Services should not be reflected in the P&L sheet, as we had been doing. My fault for not knowing the process as agreed to previously with Settlements & Risk Mgmt. We are to keep these deals in the Services P&L sheet, as Real Time has done for MDEA. The location for this spreadsheet is: M:Eservices/applications/services We will request access to this tool for everyone." forney-j,"For Monday, it is necessary that we sell the following for Frontera: he 4 -30mw's he 5 - 30 mw's he 7 - 30 mw's he 23 - 85 mw's he 24 - 85 mw's Also, we need to buy 15 mw's for hour ending 7 to assist with Frontera's ramp. We are not running the plant this weekend. The Resource Plan should reflect that we are available but offline. We need to ensure that the minimums and maximums accurately reflect what the plant is capable of. Also, please make sure that the OOM premiums (up & down) are input as $50 and $40 respectively. FYI - for OOM up, we receive a 14.1 heat rate multiplied by the Houston Ship Channel price. For this weekend assume $2.05. IF you can make hourly, bal-day sales in excess of this, check with Jerry or Ken at Frontera. Steve Olinde is notifying Ercot that we are coming down this weekend for economics. We have given them this notice so that they can effectively manage their system. I will be out of town this weekend. I can be reached by my cell if you have an important issue." forney-j,"Bobby - How's it going in PDX? Things very different here in this ""market."" It is difficult to trade against monopoly power. Book currently melting down, however, things are turning around. Here; nuke goes down, very hot weather............. prices tank. The transmission is controlled by utility rednecks who load up the capacity, driving up prices, and they release the capacity in mid trading, crushing the dailies. We cant buy transmission and hold it in this manner. Pig forkers! Anyway, I havent been accepted into the bubba club yet, but I'm still trying. Presto and the other traders call my region ""Jimmy land,"" as most of the players are rednecks named Jimmy. Hope the wife and Floyd are doing well. Lot's of bad golf being played here! Let me know when you are coming down - we will drink tequila at the Cadillac Bar." forney-j,"David, I need some help with an Ercot protocol interpretation: Frontera has been issued OOMC requests by the ISO on numerous occasions, starting September 14th. This Out of Merit request is issued if no mkt bids exist to solve congestion, whether local or zonal. The OOMC, as I understand it, reserves capacity for Ercot and the premium is predetermined based on a formula mentioned in the protocols. The formula is based on the replacement reserve clearing price, which currently is zero. This is because the replacement reserve market is non-existent. An announcement on how the OOMC capacity payments will be calculated is due out this week, per Mark Patterson. The second component of this option is OOME. This is a request for actual energy related to the OOMC option. The strike price is calculated from a preset heat rate multiplied by the HSC daily price, as mentioned in the protocols. So the OOMC/OOME ws designed to work like the ancillary services with a capacity award and an energy component. I think that this is the spirit of the OOM's, as mentioned in Section 6 of the Protocols. Here is the problem: the head of Ercot Market Operations, John Adams, interprets the protocols to mean that OOMC requries the plant to be generating. When Ercot dispatchers had issued an OOMC, they quickly followed up to ask us why we were not generating into the grid. We explained to them, on numerous occasions, that we dont believe OOMC means run. If they wanted us to run, then they would need to issue an OOME for the actual energy component. I asked my employees to clarify with Ercot whether we were being asked to run, yes or no. When instructed to run by Ercot, we had to assume that we were settled based upon the OOME calc, as we were previously under OOMC orders. I sent at least three e-mails to my Ercot rep, Mark Patterson regarding this issue. I finally caught him by phone and he relayed that he thought Ercot's intrepretation was correct. For all of the times that we ran, at their request, we werent going to be paid based on the OOME heat rate calc, rather we were going to receive the balancing energy price ( a penalty for Resource Imbalance). For example, in the early morning hours we would receive as little as $1 for electricity that cost $27 to generate. Mark also mentioned that when they said run, they expected us to sell to someone else, or just generate into the imbalance. Mark told me ""dont worry, you can file to receive your generation expenses in the event that you lost money."" Here is my view: OOMC does not mean run. It means have the capacity available in the event Ercot calls, much like replacement, responsive reserve and non-spinning. Ercot's interpretation is being decided by the Manager of Mkt Operations, a group supposedly unconcerned with price. If OOMC means to run, then why would the protocols contemplate, or need OOME? They would never have to pay OOME if we were already running into the imbalance. OOMC is an option and the exercise is OOME. This is basically the disagreement. This could very well be a $500,000 issue for Frontera. Why would anyone generate for $27 and dump to the imbalance mkt at $5 in hopes of filing for a ""breakeven."" Ridiculous. I spoke with Bill Kettlewell with Customer Relations and he had ""no comment"" on whether OOMC means to generate. Mark Patterson now also has ""no comment."" Bill and Mark said that we needed to file a dispute in order to receive closure on the OOM capacity payment. I suspect that we will follow this same path when we file for OOME reimbursement vs. the imbalance price we will receive. I had instructed my employeess to refuse to turn on the plant (in response to an OOMC) until we receive an OOME instruction. This has compelled Ercot to deploy an OOME request to us, because they need to have us online to control local congestion. Would this not be an omission that their view was incorrect? Section 5.4.4 says that a QSE may fail to comply with an Ercot directive if it causes a safety concern, or , Ercot is not in compliance with the Protocols. The latter is in effect. Ercot is now telling us that they cannot instruct us, or give us an OOME deployment, unless we are already runnnig. I think that this is a software issue, not a protocol issue. We worked out an interim compromise with Ercot until this issue can be settled. Once we have been OOMC'd, we will start to gen. Once we reach full load, we will request an OOME. If they dont comply, we will shut down the unit. Ercot said that "" it was entirely reasonable that we would request to be compensated in the form of an OOME."" The Ercot dispatchers are complaining that OOME requires them to send an instruction every 15 minutes. Is this why we are not getting the OOME instruction on a regular basis? Finally, I stressed to Ercot that I wasnt trying to manipulate prices, via OOME or force Ercot into a corner. It just is not the right economic environment to generate for $27 and sell for $5. Further, operations personell at Ercot have frelayed their displeasure with me for ""forcing them to OOME our plant."" Can I get an opinion on whether OOMC means to run? If you agree with me, what is our next step? I need to move aggressively on this issue." forney-j,IM SURE GLAD THAT THE CONCERT WAS CANCELLED BECAUSE I HAD THE WORST HANGOVER EVER. CHECK THESE ;PHOTOS OUT! forney-j,"Kim, Cammi Mursch has asked for an e-mail from Enron authorizing an extension. Can we do this?" forney-j,"Frontera was asked to generate 135 mw's for this day. They were generating but our meter read was showing zero. Ercot was also showing zero. Steve Olinde called and Frontera assured us that they were running. We will need to file a dispute for approx hours ending 1 - 7? I am not sure when the meter came back, but it was ok when I came in this morning." forney-j,"John, The outage requested for Friday has been approved by Kevin Presto. I am glad to hear that the demin tank situation has been resolved. The meeting that I attended was helpful in understanding your level of frustration. If you have further questions, please let me know. John" forney-j,"We have purchased 65 mw's from Teco for hour ending 6 on Monday for $5. This is scheduled into the North Zone. If prices dictate, sell to another counterparty. See deal no. 767454" forney-j,"Chris, I think we already discussed this issue but let me summarize what I think happened: we were parking 50 mw's with COB. We sold 50 to Reliant/HLP, but the transmission got cut. 3 mw's flowed on Oasis 9337 to Reliant. We show in the system that we are purchasing 50 mw's from COB and selling them 47. So, I dont think that we needed to bookout 3 mw's with HLP. They received 3 mw's from City of Bryan on deal #625291. You entered a bookout purchase on deal #625352. Oasis also shows that 3 mw's flowed on #9337. So once again, we have an extra purchase from HLP that we didnt need. Did you negotiate this with HLP? Is this what happened? I'll talk to you about this tonight." forney-j,"Bill, I talked with Hans at the Autohaus and he relayed that the car was in good shape, but did probably need a valve adjustment, as you relayed. Maybe also an oil leak fixed. Also, I asked him about the oil light and he seemed to think that the oil sensor needed replacing. The Porsche certainly requires more attention than most cars, the clutch being a common and costly repair. The exterior of the car is in fair condition. Maybe a detail shop could tell me whether some of the scratches could be buffed out. I'm not sure if you have checked into painting while you had the car, but you cant get it done inexpensively. I am still interested in the car and I would like my wife to be able to take a look at it. However, I am leaving town tomorrow and wont be back until Sunday. Maybe we can meet then. If our discussions progress and you havent already sold or traded in the car, I would like to have it checked out mechanically (at my cost) and would like a detail shop to give me an assessment of what they could do with the finish. I realize the car is not perfect and it is eleven years old, but it is a large investment....." forney-j,"For all that have missed the floor meeting, we have been downgraded to ""junk"" status, ending our merger plans and crushing our stock price. A likely scenario would have us declaring bankruptcy within a few days. Payroll is said to be funded until the end of the month, at least. If bankruptcy is filed, payroll should be covered. Another very real option is that the trading floor could be parcelled and sold to an outside company. There are discussion underway that deal with this possibility. Currently, we are not trading. We need to continue to report to work and keep a log of Real Time prices. Continue to update the Hourly Prices sheet for a record of prices. We may need these prices as support for liquidated damages. More counterparties will be defaulting and cutting schedules. Please make note of such cuts and prepare to bill LD's. We have prepared a cut log for this purpose." forney-j,TJ: Can we create an inbox folder for Joe? I need to leave something for him tonight and I promised that it would be in his inbox (which he doesnt have) forney-j,talking with bryan right now. done before weekend. forney-j,"William, things look better but, George does not have access to the EPMI Hourly Ercot book. This is the book that he trades primarily. He also needs EPMI Ercot Asset." forney-j,"The instantaneous supply in the form of ancillary services was supposed to be provided to us by COA. The contract was not specific concerning the intraday gas supply, or how we would schedule intraday power. COA wants us to ""split the meter"" at the plant, allowing us to schedule our own 100 mw's ( and assume all liability) and also arrange our own gas agreement. Otherwise, they dont want to allow us intraday capability. The agreement doesnt expire until Nov 3, 2003. Their would be two gas contracts to consider, I suppose: Enron needs to contract for their own supply for this plant and also wants to sell to COA directly. When do you want to talk?" forney-j,"We are collecting information to dispute Ercot's OOMC calculation. OOMC has not had a defined clearing price due to the the non-functioning Replacement reserves mkt. Ercot has asked us to file a dispute for each time that we were issued an OOMC. I think that this goes back to Sept 14th. Also at issue is the payment for the actual power once it is called for. Ercot claims that OOMC means run, instead of standby. So, for the times that we were asked to run, Ercot will only pay us the balancing energy price, versus the OOME heat rate calculation. How far can we go back in a dispute? I thought we were somewhat limited." forney-j,"Sell hour ending 6 only- 30 mw's for Frontera tomorrow. DO NOT GO TO THE POOL . If you cannot sell the mw's for a reasonable price ($0 or greater) and the pool appears to be going to a negative, call Jerry and wake him up. Have him ramp up starting he 7. Try to sell tonite if possible, so we wont have to wake them up. I have sold the swap to Frontera for tomorrow. They will be short the following hours: he 7 - 370 he 8 - 265 he 9 - 200 he 10 - 50 I have sold the swap to them at $24.50. I sell fixed and buy floating. If you think that the pool will be high, then you buy fixed and take to the pool. You will buy fixed and sell floating. Net, we are left with two fixed prices. Very cool. Ercot will be calling due to the ACE issue. The plant will be coming up slowly. Call if you have questions," forney-j,"Lloyd, I spoke with Steve directly about Kevin's e-mail and concerns. Steve said that Dan of C.O.B contacted him, inquiring about job opportunities here. Steve did mention to Dan that ""someone"" from their shop had already inquired. He was not specific. Dan, evidently, figured who this was (not very hard) and spread the word at the COB office. Subsequently, Dan and Brandon sent their resumes. I have spoken directly with Steve about this issue. I also have put out a note to the group which I copied you on. Clearly, this is unacceptable and Steve has apologized. How do you feel about this: if we hire Kevin, then this problem somewhat goes away. I need someone immediately and Kevin could be plugged right in, similar to Alex. I know that Kevin may not be a solid fit for the trader track program, but I am needing some help pretty quick. Let me know - sorry for the very awkward situation." forney-j,comments (negative) from Frank before the end of day? I am willing to bet $5 Want some? forney-j,"Brett, Have heard that Platter was given trading responsibility on EOL for offpeak California and other markets. I heard he has done an awesome job and Richter & the gang are really happy with him. He is motivated and challenged, which is what he needed. As far as timing, I dont know yet. Could be next week or next month. I kind of wanted to work on the Ercot desk, but not for Presto. Anyway, keep in touch you wino." forney-j,"Ben, as discussed, please move the four Ercot lines to the front page for the listed people below. Also, to the extent possible, add the E lines. These guys are prioritized as follows: John Forney Eric Saibi Steve Olinde Joe Capasso (new to group) Alex McElreath Jeff Miller Smith Day Joe" forney-j,"John - How is business? Things not as fun here as PDX. I am still in the market for a car and I have a strong candidate: 1990 Carrera 2 cabriolet. It has 64k and the interior is flawless. The exterior has a couple of dings and some rock chips, etc in the front. The paint has some waterspots on the hood as well. The guy that owns it is a geek and never has waxed the car. It may be possible to get these out by a detail shop. Heres the kicker: the guy is asking $27,500 negotiable. I think I can get this for $24,500 or 25k. It needs tires and one of the headlight lenses has a rock chip. The car drives great. Do you know of anything that I need to look out for with this particular model? The engine is a 3.6 litre and it runs great. Can a detail shop get out smudges and waterspots? The blue book trade in on this vehicle in good condition is $24,000. The retail is supposedly $33k. What am I missing here?" forney-j,"Josh, Thanks for the inquiry. I have attached my resume and if you could pass it on, I would appreciate it. Thanks again and I'll be talking to you soon." forney-j,"Carmen, Please note that my employee's correct name is Alex McElreath. It was mispelled below." forney-j,"From time to time we have applicants from other shops that interview with our desk for RT trading, scheduling, or other positions. If you recognize someone from another firm, or know who they are, do not discuss their interest in Enron with anyone else. Recently, we have had two applicants who have reported that others at their firm knew that they had interviewed with Enron. Both felt that someone in this shop had discussed their visit here. Totally unacceptable. I have to ensure that this information is not coming from my group, hence this note. Common sense would dictate that discretion is necessary in these situations. If you have any feedback on this situation I would like to hear it. Thanks for your attention to this very important issue." forney-j,"Thanks for the info for the additional load. As I understand it, we now have approximately 20 mw's in the South. This is great!! Each day I review balancing energy prices vs. daily prices and the choice is extremely simple: We allow the pool to fill this load. I would recommend against buying any hedges against this power until further. There is a good chance that prices occasionally go negative for offpeak/weekends and we want to take full advantage. Do we need to discuss this further? I just want to be on the same page. Let me know what you think." forney-j,thanks alex!! forney-j,"Madhup, Any luck on developing this tool? Also, tell me the status of the Esca people. The hourly trading system is not complete and I understand that they are leaving. No documentation on how to use the system is available, as far as I can tell." forney-j,"A reminder, I am 55 mws long for hours 23 & 24 today. This has been scheduled into the North Zone. If you sell make sure that you cut the Enpower deal and make the appropriate entries in the Portal. Enpwr deal 834600 is the sale to North Zone. The Ercot Asset desk is long 5 mw's for the offpeak hours at $9.20. The Enpwr deal number is #836534 If you sell hours 1-6, cut this sale to Ercot Imbal and replace with the appropriate counterparty under Hourly Ercot book. We will leave Additionally, Frontera needs to sell the following: hour ending 4 - 30 mw's he 5 - 30 mws he 6 - 85 mw's Put these purchases/ sales in the Teco Services book. I have sold them the power swap where I sell them 100 mw for 7&8 ($25). I then pay the pool price. If prices somehow appear that they will be greater than $25 for these hours, please cover and schedule to the South Zone The Swap went very well today, since we had a physical position: Although the physical may lose $1500, the financial swap will make $17,000. Here's how it works: When you buy balday, you buy fixed ($30) and sell floating (Ercot Pool) Today I sold fixed ( $37) and bought floating. The floating components cancel and we are left with a $7 margin. Call if you have questions." forney-j,"We have 25 mw's of length for the 8 hr offpeak block from thanksgiving through monday. hours ending 23 & 24 have the most value. This is your position, leave in North pool or sell as necessary." forney-j,"Frank. The ancillary services market for non-spinning has been horrible. Non- spinnning for today is, at most, 90 cents/mw for hours 14-18. The remaining hours are worth zero. The down regulation and up regulation markets are lucrative at as much as $11.99/mw , but we are not certified for this service. As I understand it, there is some work necessary on the plant to allow us to sell up/down regulation and replacement. GE personel were to travel to the plant and do some work, but in light of world events, I do not know if they have arrived. Once the upgrades are complete, we need to restart the certification process with Ercot. If we sell non-spin for .90, we would need to withhold this power from the market. We have been selling, on a Real Time basis, as much power as we can get out the door. We have not been selling offpeak and we are starting schedules, typically at hour 10 through 22 for a sales price of $24. That is the latest. We are currently looking at making sales in October. The heat rate is around 10.7" forney-j,"I have entered an annuity from Doug's book to Paul's to account for imbalance losses due to the September 11th tragedy. Annuity number 774083, dated 9/12 will transfer a total of $67,530.15. See the attached spreadsheet." forney-j,"Michael, how do you know which deals are the options if they are entered as forwards? I input into the comments, but I was about to ask how these options get trued up." forney-j,"TJ: Please make sure that the Ercot RC is not billed for our portion of the customer trip. If I can assist with this accounting, let me know. I dont wish to subsidize the other Hourly traders who are now able to attend this customer meeting at my expense. In the future, I need to be aware of any decisions that will adversely affect me or my group. I am a Commercial Director and no one below this rank should be making decisions on my behalf without my knowledge. I do realize what a large undertaking this trip was. We werent able to secure a commitment from customers, but I was confident that our spots could be filled internally ( with our group members). I am sure that the overall headcount for this trip did not change, rather the allocation to each group was changed. My goal is not to give you a hard time - I dont usually mention rank or make much of a big deal out of anything. But I do expect a certain amount of respect given my rank, profitability and that I have been here 8 years. I try to extend the same courtesy to you and your staff." forney-j,Boy: the deal number for the coa option for tomorrow is 765595.1. do you need this???? forney-j,havent talked to you for awhile. hope everything is going as well as can be.. i have a biz question: is the cash balance plan safe? forney-j,"Rob, attached are my friend's resumes. i also added mine for your critique. Let me know what you think. I need to talk to you about negotiating a new deal; unfortunately it looks as if I may be leaving the state, either to Florida or back to Oregon. The offers are starting to come in, but I dont want to leave anything on the table. Need your advice, so let's have that beer!" forney-j,"Please use the following: Cell - 813-760-7199 Office - 813-228-4907 (should roll over to his cell after hours) second line in home: 813-634-7772 We have had problems locating Jerry on occasion in order to affect schedule changes. He lives in a rural area and his cell phone doesnt always work. In these instances, we tried to contact the plant to instruct them to increase/decrease generation. They have refused in the past, as they were only to receive instruction from Jerry. The plant should now be aware that this communication problem can exist and will be receptive to making generation changes per our instructions." forney-j,"Kim, My relo expenses have not been turned in as yet. Do I turn those in to you? I am due the closing costs, etc. due to my move from Portland. Also, Johnny Palmer was very pleasant to speak with. I appreciate the effort that you have made in trying to generate interest in me from the inside. Johnny, however, was not optimistic that he had anything available for a Director level position. I have been talking with Portland (Greg Wolfe, Tim Belden, and Amy Fitzpatrick) If nothing opens up here by Wednesday, I need to get out to the West and start training so that I can make some money for the company. I am still building, staffing, & trading for the Ercot region, but I am eager to go quickly if no one wants me in Houston. Thanks!" forney-j,"Frontera will be running short for the schedule listed below. I have sold them this imbalance for $28.57. Any imbalance charges billed to them should be allocated to me listed on the schedule below. hour ending 7 - 320 he 8 -320 he 9 - 320 he 10 - 215 he 11 - 150 he 12 - 50 The total is 1375. This is the equivalent of a financial swap, but the settlement will remain intact." forney-j,"We are doing a good job in deal entry accuracy. I have had few instances where I am asked by Risk Mgmt to troubleshoot problems, as had been the case the previous months. GOOD JOB ! Please stay focused on this" forney-j,"Tom, Frontera did agree to do the financial swap for tomorrow. I am really excited about getting this product off. I guess we need to follow up with the swap papers now. Here are some things that we proposed to Frontera: September 20th - I suggested selling October at $24.75. This was a 10.72 heat rate. I had to take off for an Austin trip and Clint took over for me in trying to get them to transact. Power moved down, but so did gas, The heat rate was the same, but they still didnt want to transact as power moved down to $24.75. Power reached low of 10 heat rate for October recently - it is currently 10.2. I suggested early this week in selling balance of the week at a 10.5 heat rate. The dailies have been now liquidating as low as 8.9 hr. August (late) - Clint proposed selling 12.7 heat rate in September . They didnt want to because they wanted to liquidate in the daily market. This didnt work out. On a daily basis, Frontera has a problem making timely decisions. For example, I give them gas prices and daily prices. They say that they would like to stay offline for the next day. I tell them that I will bookout my option. They call back later and say that they would like to run. Bids are now $2 less for my option and the prices they receive for their ramp up and onpeak schedule are horrible. On Tuesday, I suggested selling a $24 call option for October for a $1.25 premium. This would have at least brought in $23,000. They werent interested in this idea. I communicate my feelings on the market very early. If they could react quicker, I would smack the first bids that showed their faces, including EOL. I could have taken out 200mw's in a simultaneous trades several times over the last two weeks. Clint has some other instances that he would like to relay. He will be sending another e-mail. This relationship, although not initially profitable, has allowed us to develop other relationships that would not have otherwise been possible. I dont really want to lose the job. We are providing some outstanding support, in my opinion. The thing that weakens our case is that Ercot is not providing the appropriate settlement details that would help illustrate our case on the OOM payments. The settlements extract, as I learned on my trip, is key to explainnig this value. The OOM value itself is well over $200k. Good luck!" forney-j,i have zeroed this price out. thanks forney-j,I saw the memo. It is true about the startup charges. It is listed in the Purchase and Sale Agreement. Is there more that we need to discuss on this deal? forney-j,"I will be attending a funeral tomorrow, but I am available to meet on Tuesday. Thank you for checking back with me." forney-j,"Mark, Thanks for your reply concerning ancillary service procurement. I was wondering if Ercot had made a decision on OOM capacity payments. Our position is that our custmers, ie. Teco/Frontera should recover at least their O&M expenses for the capacity, as they are standing by awaiting instruction. Has there been any progress in this subject?" forney-j,"Lloyd, here is another Bryan guy. Pretty much the same length of service as Kevin." forney-j,"Lloyd, I received this from Preston. It appears now that they wish to choose the customers that will switch. We were of the understanding that we were to pick the customer based upon the information that EES was to provide. We havent received the necessary information, so no choice has been made yet. Please see the attached and let me know your comments." forney-j,"Jerry, Take a look and check to see if I missed anything. Also, I would assume that you have some additional energy to sell for hour ending 7&8 and he 22. Is that true?" forney-j,"There is length for the offpeak scheduled in the North and South. LET IT RIDE, no adjustment is necessary. Ercot Asset is long 50 mw from 12-23 in the North. We will monitor and sell hourly, as needed." forney-j,"FYI, This morning Ercot asked us to run all three units for a manual OOM. Our Resource plan indicated that our total minimum was 220. I believe that we had a discussion with Ercot indicating that our minimum on a 2 on 1 config was 280. We ran at 280, but our resource plan was not updated. Ercot called mid-morning to say that they only wanted 220. It is possible that we will be punished financially (receive the balancing energy price) for the 60 mw's over their request. The point is, the Resource Plan is the only thing binding. We must reflect our true minimums at all times. If the situation changes intraday, we need to make changes in the resource plan to reflect what we can actually do. Please see the e-mail below from Alan." forney-j,"Johnny, What is the status of George? I think that you have been speaking with Lloyd Will concerning bringing him over from EES. George is inquiring about his status and wants to know whether he should mention anything to EES. I would think not, at this time. Lloyd is out of town until Monday, so I am trying to follow up on his behalf." forney-j,HOW WAS THE TRADITION COURSE? ARE YOU GOLFED OUT YET? I DIDNT DO ANYTHING SATURDAY NIGHT. forney-j,"Please check out the following. The agreement I reached with Ercot/Frontera yesterday is as follows: When we receive an OOMC, we will crank up the plant then call Ercot and request an OOME once the plant is online. If Ercot doesnt give us an OOME, then we will need to advise them that we will take the plant down. We dont actually want to do this, as there are some expensive start charges associated with this. We will discuss further in the meeting." forney-j,"Rebecca, We have heard that the resource imbalance was pretty high. We will discuss this with you. We definitely dont want to talk to Teco/Frontera until we get a handle on this. We will come by this afternoon." forney-j,"Chris, I had tried to reconstruct Sunday the 24th based upon your notes, but was unsuccessful. I am going to need you to spend some time straightening this out. Enpower is out of balance and the books are as well. Risk management/Settlements wants this balanced, as we cannot tie out with our customers. We will probably need to restore Enpower to precut status, then initiate the proper deal entry to handle the cuts that came in. You mention inadvertancy in your Notes, but I dont know the particulars of this problem. I'm sure you are aware that every cut needs to be reflected in Enpower. If you were in balance when you arrived for your shift, then you should be in balance when you leave. The Real Time position manager is used to check whether this happened or not. Give me a call to straighten this out." forney-j,"Mark, We have a question related to the acquisition of ancillary services; Ercot publishes their various A/S requirements on a daily basis. We have noticed that you dont procure up to the amount that you say that you require. For example, on 9/27, Ercot published that the System Requirements are 1,800 mw for Regup. Ercot procured only approx. 117 mw's each hour. The same thing occurs for REGDN and Responsive. Is Ercot satisfying their reserve requirement needs with OOM and Upbalancing, etc.? I will be out of the office next week, so can you reply to Doug Gilbert-Smith? His e-mail is doug.gilbert-smith@enron.com. Otherwise, he can be reached at 713-853-9310. Thanks for your help!" forney-j,"My desk is available for training purposes at night or weekends. However, I am missing my notebook and my tradelog. Frequently things are moved and I have a hard time finding such items as listed above. If you use my desk and you need to move my notebook, etc. then place them in my desk drawer or somewhere else that makes sense." forney-j,"Please note that when you start/stop a schedule to or from the following control areas, the listed static scheduling fee applies. Reliant/HLP - $49 TNMP - $55 COA - $40 BEC - $25 For example, if we schedule for one hour from BEC>COA, the one-time charge for scheduling alone would be a flat $65. Also applicable would be the per mw line losses and the wheeling fee of $.22 . Please account for all such charges in the P&L report." forney-j,"Hey, looks like I will be returning to Portland. They want me back and it is a much better place to work. HR is wanting me to consider other opportunities in Houston, however. They have one week to come up with something, otherwise I'm outta here. Other companies are paying ridiculous sums to experienced West traders (California experience). Thanks for considering me for your group and I'll keep you updated." forney-j,"Hourly deals should be under Teco SVC the majority of the time. However, at times Enron's option (under Ercot Asset book) will be long into the Real Time market. This is Frontera generation, but Enron bought it in the form of the option. You will see deals of this type for today under the Ercot Asset. So hourly deals: Teco Services - 99% of time Ercot Asset - 1 % Hrly Ercot -" forney-j,"We have sold a financial swap to Frontera for hours 7-11 for $20. They sold a 340 mw schedule for the onpeak tomorrow. They will be ramping up starting hour ending 7 for the following: He7,8 - 30mw's He 9 - 100 HE 10 - 200 HE 11 -280 So, basically, they will be dragging significantly for these hours. We sold this imbalance to them for $20 and we will take the floating price. The Resource Plan will only show 340 mw's onpeak. Ercot will call and ask about our ACE issue. Just say that our unit is just now coming up and we are on the normal ascension ramp mentioned above." forney-j,"Thanks for keeping me updated, jackie! Seriously, how are things going in the homeland? Are you glad to be back? Let me know what 's happening. I havent talked to brother Jimmy lately. He is not answering his phone here. Say hello to the wife - we never hear from anyone in Portland. Knock em dead in your new job!" forney-j,"Bobby, I came really, really close to coming back to Portland. I was recently asked to help get the Ercot (TEXAS) region off of the ground by organizing, training and motivating the Real Time group. I declined initially, as I had previously turned this job down from Portland. I came to Houston to trade cash. Bait and Switch. Anyway, I was looking to return to PDX to work in Mid Mkt or Services, wherever I could have an impact (positive impact, jackie). Once I expressed to Houston that my bags were packed, more opportunity presented itself; I am going to get experience in managing our assets in Texas. We have an agreement with Teco to manage a 480 mw combined cycle facility in South Texas. We have some other interesting arrangements as well. I will be working with Doug Gilbert-Smith, who is the term trader in Ercot. Good, solid technical guy. These guys are in a tight spot and due to the timing of all of this, I agreed to finish the rest of the year in Houston and get this thing up and running. Ercot is currently not short nor volatile. Not much fun yet, we'll see how the pool works. I am working with Smith and Jeff Miller as well. For all of its sound, fury and ego's the Houston office is actually disorganized and short on morale. My transition could have been handled better by a monkey man. My gut tells me that if I stay with the company, I will be moving back to Portland early next year if they will have me. Let me know when you will be in town and I'll set up some golf and margaritas. No boat anymore, I'm bumming a ride with my friends. Later," forney-j,"Hourly Ercot is long 65 mw's for hour ending 6. We have this routed to North Zone load. If prices appear to be heading negative, then export or sell outright. Please review all positions in the system for tomorrow so that you can transact if necessary." forney-j,"Greetings: For tonight, Frontera is long 85mw's hour ending 2300. We need to sell this under the Teco Services book. For tomorrow Frontera needs to sell: hour ending 4 - 30 mw's hour ending 5 -30 mw's Enter a purchase from Frontera (Teco services book) enter the same price as you sold for. Enter the sale (Teco Services). I am also selling Frontera 200 mw's for hour ending 7 and 50 mw's hour ending 8. I am selling this position for $26.04. I will be short the Imbalance price during this time. If you can buy below $26.04 for this time period, do so and schedule to load in the South. I am long into the North Zone as follows : he 1-6, 40 mw's he 23&24, 55mw's I am long under deal #834600 If prices appear to weaken, sell these mw's for 1-6 and cut this Ercot Imbalance deal by same. This deals should be listed under Ercot Asset." forney-j,"Iz - Please see the attached work schedule for Sept. I have you officially joining the group on Wednesday, however, your actual shift work begins on Thursday, September 13th. If you have any questions, give me a call at 3-7160. We look forward to having you on the team." forney-j,"I used to carpool with a guy and his wife from Liberty. He asked me one day: "" what if someone called you and told you that you just won a new Towncar - all you had to pay was the $700 in taxes?"" I told both of them (laughing) that it was a scam and someone would have to be an idiot to fall for that, since they didnt enter any contest. They both looked down at their feet and said that they sent a check to this outfit. I called them dumbasses again and they called their bank to cancel the check. The jackass scam artist called them back, bitching that they had cancelled their check. My dumbass friend was talked into this transaction AGAIN. He tried to reinstate the check , but the bank's policy prevented him from reactivating this payment. He was going to do this again, but I told his in-laws, friends and everyone else I could to talk to him. He finally saw the light. Just doing my job. Anyway, this guy is a super nice (but dumbass) guy. He works at the Harris county courthouse. His wife ran off with a crack head, left him with the kids, didnt come homefor several weeks and then wanted a divorce. The divorce was in Liberty where this woman, also a dumbass friend from wayback, had worked for the Judge presiding over her case. She got the kids and he pays $2500/month. Life is less fair to dumbasses" forney-j,"Things are going pretty well - balance of month trading $43.75 in Entergy and it is going to be 90 degrees all of next week! I heard that PV is down and its 1,000 degrees in the desert - you guys must be busy. Dave Ryan called for mild in the Northeast next week when Earthsat was preaching hot ........ did really well on that deal as I was short balmo the Cinergy. He's the man (this week). I saw Swerzbee and Motley at the K-derby. That was a good time, but it was bright sun and hot, while we were wearing the traditional suit and tie. There was a trader at the party that weighed about 320. He was wearing a black wool sportcoat and a khaki colored shirt. He tried to take his coat off but strangers were dogging him about his sweat rings, so he put it back on..........poor bastard. Louisville Slugger factory and museum kicked ass. They had all the original bats from Ty Cobb, Babe Ruth, etc to current players. The have been custom making bats since like 1847. Good trip - see you there next year!" forney-j,"Congrats to you and your wife on your new arrival. Hope she's a good sleeper. Now at least you can field some different questions, ""how is the baby?"" versus ""where is the baby?"" But, as Kim used to say, ""enough about you, let's talk about me."" I spoke with Tim B again and he is agreeable to the idea of my return. He mentioned that West has needs in Services, Middle Mkt - SW and even Structuring. I think that I would be a good fit in Mid Mkt, as I could build upon my experience and also learn as much of the structuring side as possible. Wherever I go, I am ready to make an impact. The HR department here in Houston wants me to entertain other opportunities within Houston and they have brought some things before me today. I had also considered staying and building the Ercot business here, as there is a huge need for leadership in this area. However, Real Time roles are very hard to shed around here and I am apprehensive about being a Commercial Director managing Real Time. I have no doubt that I could make a huge difference here, but a lot of time would have to be wasted defending the group and myself. Anyway, I wish we could sit down, have a beer and discuss, but that's probably not practical. Belden says to talk with you about the needs of the floor and get some idea where the ideal fit might be. I know that you are out of the office, but give me an e-mail when you get a chance." forney-j,This is a start. I am having our Regulatory guy review our OOMC/OOME situation. forney-j,"Tuesday good. I am at 680 , where the heck are you?" forney-j,"I will be on vacation next week, October 1-5th. In my absence , contact Clint Dean or Smith Day for any questions related to Frontera, etc. Feel free to wake Clint up for any reason." forney-j,"Remember how bad T.A. reported that we all were on putting cuts into the system, enpower work, reconciliation, etc. ? THESE GUYS DO NONE OF THAT - NO ONE EVEN KNOWS HOW. Settlements is working hard, but TA doesnt say a word to the RT traders here, as it would be political suicide. That's why she turned toward us. She is supposed to be our rep to the ISO, and I talked to her, explaining my expectations. She was squirming about saying that she or Rebecca wouldnt know the answers. Im cool with that, but cant you find out? Everything is such a big struggle here. Im not coming until February at the earliest. I am an Oregonian. The freaking mosquitos are terrible now that the floodwaters have subsided. I forgot about that bit of joy. Later," forney-j,"Shane, Thanks for your inquiry. If you have additional questions, please ask." forney-j,"Hello, I am using MSN dial up through the Enron program. I understood it to be a $5 co-pay. MSN customer service has said that they are billing me $25/month for this service and they dont know anything about an Enron special program. Who can I contact to resolve this issue? John Forney Director, Ercot Power" forney-j,"Due to Oklaunion being down for maintenance, we are being cut again on offpeak schedule #570719. This 25 mw purchase from Tenaska needs to be replaced for hour ending 23 and 24 today. Buy the power tonight and enter deal under Ercot Mgmt book, as this is Doug's power. I have already made the cuts in Enpower for both hours ending 23,24 and tomorrow. For tomorrow, I have purchased energy for this schedule, so we dont have to worry about it on a real time basis. If you have questions, let me know." forney-j,"Frank, I spoke with Victoria Bender and Julie Gildea yesterday. Julie expects to send me some info today. I will be out of the office after lunch today, so it would be best if she sends e-mail to my home address, fourknees@msn.com My cell phone will also be on, the number is 713-412-7529." forney-j,"Isac's last day was November 6th. He took a job with Vitol, in the oil trading area. I dont recall who his HR rep was. Hope this helps," forney-j,"Scott, The wife is out of town until Saturday night. I can play alot of golf on Saturday, but I need to spend time with the wife on Sunday. I will be available for the golf marathon on Saturday. I have one player for Saturday morning, but I dont have a player for Sat. afternoon yet, although I have another co-worker who is interested. Should I fill this spot as well?" forney-j,what is the latest with you? i talked with wolfey the other day and wished him well. i'm sure that our paths will cross again some day. also josh bengson called me yesterday. it was good to hear from him - he is doing well. we still want some pictures of your kids; 19 south altwood circle the woodlands tx 77382 give me an update of the EES situation. forney-j,"Andrea, Please see the attached spreadsheet for Friday. All of the deals listed have been moved to Teco Services for this day only. We entered a buy (which is an estimate of the cost of gen) and the appropriate sales. We need to talk about how this gets reconciled. I would like to know the detail of this transaction. I know that not everything has been discussed with this account, so I would like to discuss it. I am positive that I need to change all deals for over the weekend. We had some length for this customer that was sold hourly. I assume that everything from now on will be entered under Teco Services for this account. Can you think of any exceptions? I will let you know when the weekend is complete." forney-j,"Stewie: I agreed to stay through the end of the year (February) to get this project off of the ground. What I get in return is the responsibilty of trading around our assets in Texas, a 500 mw unit, Frontera, and a 100 mw heat rate call from the City of Austin. I have asked that these responsibilities be officially committed to writing. It is too late in the year for me to move to Portland, get out and make a contribution for the summer. These guys are in terrible shape here, and I am needed. I report to Lloyd Will, who is a great guy. I am working with Doug Gilbert-Smith, who is the Ercot Term trader. He has agreed to share some of his knowledge with me and I am spending time with the gen group to learn more about the steel. I will be working with Miller and Smith (weeeeeelllll?) This was the best option for me at this time, and also for the company. I will be leaving the main office in February, whether it is with Enron or not. I would prefer to stay with the company, as my options are worth zero at the moment. We still want to return to Portland, but right now I am needed here. Thanks for checking. Let me know when you are coming down, but dont bring your sweater. Hope things are going well for you and your group. I'll give you a call later and tell you what's what. (hey, I never used to say that - you were stereotyping). Later," forney-j,"Yes, I would like that very much. Please give me a call at 3-7160" forney-j,"Kim, I spoke with Cammi Mursch with the outside relo company. She said she is handling my account and I should send her my expenses for reimbursement. I think that this will take care of me." forney-j,Isaac needs to be set up with a certificate for the Ercot Portal. Is there a form I need to fill out for this? forney-j,"Doug, I am planning on attending this settlements deal; we plan on meeting Mark Patterson there. JMF [Forney, John M.] I am planning on" forney-j,Please see the revised game plan for Monday. Notice that hour ending 6 has been revised upward. forney-j,Frontera is scheduled to generate a total of 400 mw's onpeak. There may be an ace issue for hours ending 7-10. We suspect that Ercot will want us to stay down due to price/lack of load. Check with Real Time trader. forney-j,"Kim, I'm sorry I did not get to come to your open house. I got the message on the day of the party and I forgot to RSVP that I couldnt attend. I am a jackass, but you knew that already...................... Hope all went well. How's the new job?" forney-j,"The Oklaunion plant is offline until midnight Friday. I have replaced the power for this deal in the cash market. No replacement is needed. Also; You will notice that from peak on through 24, the pool has been strong. Generators are taking their units offline for offpeak and are running short until peak the next day. You can recognize this in the ACE display on the monitor. Notice hour ending 3,4,5. Theyre draggin. Prices still havent done much in the offpeak,even with this going on." forney-j,Yes I can. I have already started working on this. Chris Watts will help me get this sorted out ultimately. Sorry for the imbalance. You should see drastic improvement from our side effective immediately. Have a good weekend. forney-j,"As you know, the Frontera status screen goes away at night, as the flat screens are taken down. You can find the same screen on the East Power Portal under Frontera Production Summary. Save the attached link if you dont have already. http://eastpower.dev.corp.enron.com/portal/default.aspx" forney-j,"Elizabeth, My name is John Forney and I am the new Electricity Cash trader in the Entergy region, reporting to Kevin Presto. I received a letter agreement from Entergy that seeks to clarify the Entergy ""Into"" definition. Rogers Herndon has relayed that we have tried to get them to transact under an EEI agreement, where they have been willing to only operate under WSPP. They are trying to get us to agree to use the WSPP contract with EEI liquidated damages language. I need to meet with you on this issue. Rogers is available to anwer questions on the background of this , if necessary." forney-j,Perfect. Thanks. I can review the folder anytime this week. Thanks again forney-j,"Amy, I have elected to stay in Houston until at least February. It is so late in the year, that I may not be immediately effective in the West and I would have ""lost"" the first part of this year, as I was training (myself). There is a huge need for me here and I am trying to do what's right for both E and myself. To that end, Lloyd Will has offered me an opportunity to trade around Enron's assets in Texas, learning the term trading side of the business from Doug Gilbert-Smith. Both Doug and Lloyd know my circumstances and their proposal gets me the experience that I need, while they get my experience in Services, training & managing a team and making money in a pool type market, as exists in Texas. These opportunities were presented to me only after I stated emphatically that I was returning to Portland. I would still like to live in Portland as early as February. I realize that a seat wont be held open for anyone, and I will revisit this issue in Feb. This compromise seems reasonable. I have asked that this be committed to writing, so I am editing what Lloyd has created concerning job responsibilities. Additionally, most junior people are dissatisfied here and the bottom line reason: they dont know how their job relates to the entire floor making money. This explanation to them and an acknowledement of their contribution will bring the ideas forth from the ""back corner."" The senior traders say aloud that they dont need anyone, and they will make their money with or without help. A particular trader antagonizes until someone stands up to him, then he has them sent home. I think that there are three Real Timers at home at full pay right now. One or two will be paid for two years, or so I'm told. This type behavior is allowed as the trader makes a great amount of money for the company. This is not an unusual occurence on trade floors, but I will not be any part of it. I am going to spend this time to try to make some difference in this culture. If we dont get buy in from the top, I will also be at risk of going home. Some of these guys just dont get it. There are, however, many positives to staying here: the guys I report to are like-minded concerning the above. They are very competent and have a lot to teach & they are willing to teach. I am excited about learning something new and also being able to lead a team. Well, thanks for listening to my sermon, sister Amy. My wife and I miss Portland and will probably be back next year. Hopefully there will still be opportunity for me at that time. If you have any thoughts or advice, please share, as I have alot of exposure this year, due to the move and subsequent reorg. Later," forney-j,"Ercot has a problem that could cause us great financial pain: Sometimes when we are submitting an hourly schedule, through the Ercot Portal, the Day-ahead schedules are affected. Mismatches for every counterparty occur. We are subject to the hourly price for mismatches and this could prove extremely costly, even for one hour. Eric Saibi spoke with the Ercot help desk who indicated that the problem was on our side. I called Ercot and after some time, they relayed that they were experiencing server problems. Attached below is the ticket number related to this problem. If this occurs again, make sure that you reference this number." forney-j,"Ken, As discussed earlier, I am proposing ramping up late for the onpeak sale that Frontera made for tomorrow. If we must sell the offpeak hours required to affect a 340 mw onpeak schedule, I show that we would almost negate all profit from the sale. I am suggesting starting your ramp beginning hour ending 7 and purchasing a fixed price swap from Enron for the short generation. Basically, you sold the preschedule for $21 and we would fix your price for hours ending 7-11 at $20. The benefit in this swap would be: hedge against floating price lock in $1 profit on sale for short portion of the schedule, increasing revenues avoid losing approximately $10k on selling ramping schedule - $4 is an optimistic real time sales price at this point, however, I used this in the analysis. Please let me know what you think. Enron will be offically rolling this swap product out to all of our service customers. I think this would be a good fit your company and I would like to try this for Friday's run. Additionally, I think that there may be a good down balancing or OOM down opportunity for tomorrow because of this preschedule. Let me know what you think, JForney" forney-j,"Juanster, Can I get a copy of your group's expectations? I need to also discuss with you the duties of all the night guys. As I understand it, they all pitch in to do confirms and they unofficially cross-train in other regions. What about reconciliation reports - what is required? What other reports need to be tied out - the Sched Activity report vs. the P&L sheet?" forney-j,"George, I have been out of the office on Ercot business since Thursday of last week. Sorry for the delay. Lloyd and I would like for your start date to be on September 1st, if possible . Actually, two weeks notice would fall on September 3rd, I believe." forney-j,"A lot of shops are interested, mainly speculators. I have had at least 7 different counterparties use this. Utilities or generators have a big interest in hedging their balancing energy exposure, locking in a fixed return. How they are exposed to the imbalance price is their business, as I am not encouraging running an imbalance, etc. No problem with EOL, as we are trading it up. You need to add the US PWR Financial Swap to your EOL profile, in my opinion. You will see Ercot S 8-22 and N 8-22. You will need to add these and every other hour listed." forney-j,"Jerry, Please disregard the explanation of the OOM power settlement. The ISO called us at 7:15 pm and explained a different scenario altogether. We need to discuss this further. Sorry for the confusion." forney-j,Was Tom pissed? Whats up? forney-j,TJ - Alex doesnt have access to Lotus Notes. Can we get a request in for him? We use Notes to communicate within the Scheduling and RT groups. forney-j,"Lloyd, a couple of questions: Will Joe Capasso be aggreeable to start in my group on August 1st? That would be awesome. Let me know if I can help with anything on this What is the status of the personal best award recommendation for Errigo and Olinde?" forney-j,Ercot hourly will need four tickets for thursday's game. The attendees: Eric Saibi Alex McElreath Myself Steve Olinde forney-j,"Dave, its good to hear from you. We are in Houston and its hot! My wife is doing great and we are still trying to get used to life in Houston. I am trading in Ercot region (Texas) and, of course, Brett is now working at the ISO. MY WIFE AND I MISS PORTLAND Working in the main office isnt as much fun as working in Portland. There is a good chance that I will return to PDX, as there are so many good people there and so much to do outdoors. So, tell me what you are doing now in Phoenix. Everyone that I've met from SRP has been very nice, (Perry, John Sullivan, etc.). Hope you enjoy working there and all is well with your family." forney-j,"Greetings - I have attached the most basic expectations for our group. We have been spending a lot of time balancing the books lately, and the attached will relieve some of this, so we can focus on trading. I will make sure that we receive balanced books from Day ahead trading/scheduling. Also, make an effort to know why we run reports, etc. so that you can make suggestions to streamline this operation. I will provide more documented general procedures and will spend time with each of you on how to handle cuts in Enpower and Lotus Notes. We have a good group and we will do well in the new market. However, this will take an extra effort from each of us. If you have questions about any of the expectations, ask. That is why we make the list." forney-j,"Mark, I called earlier today and left a lengthy phone message........sorry about that - we had a trading issue in the middle of my conversation with you. Anyway, I received the following question from some of our Retail folks. If you could help answer this question I would really appreciate it. Jeff Miller and I are planning to visit Austin next Friday to discuss Settlements. We look forward to meeting you. Are you a golfer? We may try to play Friday afternoon." forney-j,"Johnny, I just received this from Lloyd. I dont want to cause any double coverage by HR, so you might want to check with Kim. Thanks!" forney-j,"Check out this site. Dont look for job opportunities, however." forney-j,"Erik, deal no. 773763 has been changed. sorry for the confusion." forney-j,"Clinton, Due to the flood, our phones rolled over to the Portland office on Saturday. Geir Solberg sold hours 13-15, 230 mw's each hour to CSCS for $25. I have entered the deals today and they are as follows: Frontera, deal no. 644515, entered under Teco Services book AEP deal no. 644529, also entered under Teco Services. I dont know how the reconciliation of this Services book takes place. I am working on some procedures and need some input. Lets party," forney-j,"They are members of the RT group, so they will sit at the ""rotating seat"" of 3111f. They will have the same access as Steve Olinde, Joe Capasso, etc. Can we copy the profiles of existing team members?" forney-j,"Mr. Hinson, Sorry I missed your call. The Frontera Plant is composed of 2 CT's and and steamer. Three units in total, however, the steamer cannot operate independently of the ct's. I say this because the Ercot protocols allow dispatching each of these units independently and Ercot exercises this right while punishing us financially for non compliance. There is no way under the Resource Plan from the protocols to express which combinations must be considered. These units are behind a common point, so the rules as they were written dont consider us. I know that this is more than you asked for, but for whatever it's worth........ Thanks and give me a call if you need more info, JForney Enron Ercot" forney-j,"The Resolution desk has given me the password. However, George was not set up in deal blotter under North America, East Region. I have since submitted another E-request for George. The reason is, he cannot log onto blotter or create deals under his name. Can you watch out for this?" forney-j,"We have created a quick quide to do QSE trades through the Ercot Portal. This initial guide should get you started, however, this is not a comprehensive handout that contemplates every situation. I am asking you to read the rules and implement a trade using the Portal. As you have noticed, our counterparties have already started trading two hours out. We will be trading paralell until the ISO rolls out for Friday. This means that you will have to submit the ""traditional"" Ercot Oasis and also submit the QSE trade. We must monitor to make sure that our counterparties have submitted their matching QSE trades, as well. Otherwise we will be out of balance with Ercot. A copy of our QSE quide will be in your inbox. Make sure that you read/ study it and ASK QUESTIONS." forney-j,"Larry, I will be on vacation next week. I will not be available until Monday, October 8th." forney-j,"Joe, Do you have any record of this deal? I should that you worked this day. If this exists in your personal trade log, then we need to Enpower this. Let me know what you find." forney-j,"The ST ercot book is long 30 mw's in the offpeak hours for Monday. We would like to sell these mw's at a reasonable price that is left to your judgement. If prices look to be potentially negative, of course, sell the mw's. Give me a call if you have questions, preferrably before 10 pm." forney-j,"You have been invited to attend a team building outing that is sponsored by the Service Desk. Game time is usually around 7:05 pm and we will be having drinks at Cabo around 5 pm. I hope that you can make it. Let me know by this Friday, June 6th, whether you will attend." forney-j,"When: Monday, September 17, 2001 11:00 AM-11:30 AM (GMT-06:00) Central Time (US & Canada). Where: 3112f - Doug's desk" forney-j,"Kim, Has the Savings plan website changed? I admit seeing a e-mail about the change of administrators, but I didnt realize the website would be incapacitated. What's up?" forney-j,Thanks for checking - very unhappy with the situation here. Very unprofessional and juvenile atmosphere. Looking to leave the company if something doesnt open up internally. forney-j,"David, we often trade with EPMI, as they may be the best bid on any given day. So, the language should apply. Thx," forney-j,"We are short on the offpeak for the three days including saturday, sunday, and monday. We are floating 55 mw's in the South zone. If you replace this power, please remove the appropriate counterparty in the portal and replace with new counterparty. Also: The Frontera plant is currently NOT scheduled to run this weekend or Monday. We are currently, as of Friday, experiencing problems with units #2 & #3. These tripped offline when a breaker problem on CPL's side occurred. We have been asked by Ercot to reflect in the Resource Plan that unit #1 is available but offline. We have done so. When the other units become available, please update them as available in the Resource Plan for the remaining hours of Saturday. We should make sure that we have OOM premiums (up and down) and zero mw's scheduled. If you have questions, give me a call." forney-j,"Samuel, Please add the following names to the list of traders that have access to the new Ercot Imbalance and EPMI Ercotpool counterparties: Eric Saibi Alex McElreath Joe Errigo Steve Olinde Joe Capasso Jeff Miller We will need to add more in the near future. Please let me know when this is completed." forney-j,"Adrianne, I was not able to participate in a phone screen for any of the applicants below, due to business travel. What is the latest on this?" forney-j,"Hey Lloyd, As you know, Joe and Steve spent a considerable amount of time here last weekend due to the flood. I would think that some recognition would be in order. How about a personal best of $500, or a gift certificate, etc.? What do you think?" forney-j,"Yes, My member id is fourknees . I am being billed $21.95/ month since inception of May 11, 2001. Thanks for your help." forney-j,"Ben, My new employee, Isaac Wong, needs a turret id. He will need to copy someone else's phone list as well. Can you help?" forney-j,"I have spoken with Ruben this morning. He is currently working in Structuring for Sempra, focusing on the Ercot retail market. Additionally, he has worked for the California PX. This and his educational background would have me recommend scheduling an interview with this applicant." forney-j,"Jerry, Please see the attached spreadsheet for tomorrow. We booked you out on the Enron option for $22.25. So, we are selling you next day for $22.25. Also, to fill Mirant's call for 12-22 we purchased $23 power from Aquila. This should get you flat for the day. We will not run tomorrow, as of now. We will reflect this in the Resource Plan and reflect that the unit is unavailable and offline." forney-j,"We understood, at the time, that the test was going well. This is Frontera's test to continue to bid in replacement and non-spin." forney-j,"Lloyd, Would it make sense to press our EES/West Point guys to a decision? We should express that we want to hire internally, however, we do have external candidates that we are considering. The Reliant guy, Ryan Thomas, was a good interview and seems to have something positive to prove. I believe that HR has some specific questions that they wish us to ask regarding his employment at Reliant. Also, EES is petitioning Kevin for me to let Watt's go right now. I have indicated to Terry Donavan that mid July would be preferable due to our being already short staffed. Let me know your thoughts on this when you get the chance. I will be out of the office for half day Friday and all day on Monday. Thanks!" forney-j,"TJ, I will be on vacation next week. I will be checking in via cell phone." forney-j,"We have not scheduled this load as of yet. I met with Narasimha yesterday in order to cut through the b.s. and get at least a rudimentary plan in place. Here it is: By 7am - EES submits to us their load plan / hedges - EES to use their forecast initially. We cover open position and submit schedules to Ercot We monitor Real Time and handle continigencies Wholesale settlement provided, ancillary service charges , local congestion, etc is to be passed to EES. Narasimha will provide the load info and we are projecting a September 1st start at the latest. We are preparing a term sheet today that will reflect the basic requirements above. We will certainly add more complexity to this deal in the form of fixing exposure to A/S and other charges. We are prepared to go forward with this immediately." forney-j,"Ercot is now requiring that we fill out and fax the attached form to them when we have imported/exported across one of the DC ties. The file is located in: M:electric/24hour/ercot/dc schedlist.spreadsheet. Please update tag number, megawatts (positive for exports, negative for imports), and total number of schedules." forney-j,"-- [Forney, John M.] It appears that Ercot is reversing their interpretation. We still need to dispute/collect for OOMC payments and also file under OOME heat rate provisions for all of the times that we ran when we were under OOMC. Does this make sense? JMF ---Original" forney-j,"Smitty, I havent been aware that we were to be ""on notice"" and ready to submit practice schedules to ISO. This is a great training opportunity. Are we supposed to be ready today and if yes, for what?" forney-j,"Tom, I am available: July 11th & 12th. July 23-27th. Also the 30th & 31st. I am available most anytime in Augie, as I havent put together the shift schedule yet." forney-j,"Madhup, I apologize for your situation, given the strong performance and effort that I have witnessed from you. You are a true professional and I know that things will work out for the better. I expect to know my own status later this week. Here is my contact info: cell: 713-412-7529 home: 281-419-4388 e-mail: fourknees@msn.com Please see the attached resume and I look forward to speaking with you soon (even if it is over a beer)." forney-j,"Allan, I havent heard anything from Anadarko, but I am talking to several other players. There is a possibility that I will be relocating to Tampa Florida or possibly back to Oregon. Thanks for passing my info along and inquiring as to my situation. We still need to make time for that beer. I get out of work very early each day, as our trading opportunities are severely limited. I would like to pass on a couple of resumes from two of my friends that were released at Enron. My friend has some solid accounting background and his wife worked in HR as a specialist. They are a Woodlands couple and would like to avoid that crappy drive to Houston. I know that Anadarko is probably being swamped with resumes, but I didnt know if your department had specific needs that may match what Jim has to offer. This guy is extremely detail oriented and capable. If you could review and pass these on, I would really appreciate it: this is my golfing buddy and he cant play anymore if he isnt working. Just kidding Tell me what is happening with you. ( I still dont miss Koch, but I miss working 8 - 9 hour days!). I think that Mike Eiben has been long gone from Enron. I had been looking for him before the layoffs, but hadnt been able to find him in the voice directory, etc. Call or e-mail and I will meet at Buffalo Wild Wings or somewhere else. We dont have to talk about work.....no, lets not talk about work!" forney-j,"Rogers, Customers call quite often to inquire about Retail Service. Is there a single contact person that we can transfer them to? I talk to someone different each time from EES. I'd like to get a procedure in place for the floor so no one gets lost frmo the outside. Let me know what you think," forney-j,"Judy, I was accidently included on the distribution list for the retirement announcement from Omaha. My name is John Forney and my family is from Crete Nebraska. My grandfather, Lester Forney, was a doctor in Lincoln. Any relation, as I dont hear our last name very often? JForney Enron Power" forney-j,"Linus, check this out: http://www.fishtexas.cc/ Go under Texas City and you can get some good webcam action, wind speed and direction. Also, you can call one of the bait camps and get directions." forney-j,"Hey, melon-boy - Who would I talk to about the residential customers. I received a call from a load aggregating company that specializes in residential sign ups. This sounds like a good idea, provided that our strategy hasnt changed. Whatup?" forney-j,"We were down balanced in excess of what we were willing to pay, as indicated by our bidding structure. It seems that their software is not recognizing our bids. Our Ercot Rep, Mark Patterson is looking into this. We will dispute down balancing bills for the labor day weekend, as this problem persisted every day." forney-j,"Dave, I should have been more specific; Brett is working at the Ercot ISO, near Austin Texas. His e-mail address is below. 'bhunsucker@ercot.com'" forney-j,"Scott, I heard that the TPC was in decent shape. Are you planning on playing on Saturday in the morning or afternoon? How many people do you have in the group? JForney" forney-j,"Corry, Can you add me as a trader in Enpower under Ercot Asset? Also, please add Alex McElreath as a trader under Teco Services. Additionally, Alex is not able to get into Lotus Notes and, ultimately, East Power Scheduling Discussion. Jeff Miller needs access to East Power discussion - he has Lotus Notes." forney-j,"cool, I can meet for coffee anytime. Lunch is tough, but I will keep in touch." forney-j,"The latest from Frontera: They will not run unless we receive an OOME. Call me if you need to, but call before 10pm." forney-j,"Mikey, Please see the attached and tell me if I am smoking crack. This calc would show me eating the difference between the purchase and sale prices, although I have no position on this day. You can go into the tab marked ""May1.""" forney-j,Que paso amigo? hope the family is doing well. things are shaping up pretty well here financially- everyone doing well trading. Sorry to hear about the Wolf departure. have you bought that guitar yet? forney-j,"I have purchased from Duke 100 mw's at $51 for flow into Entergy (see deal#591863) . Duke is transmitting this power through their capacity through SOCO. In the event of TLR's, we have the option of cutting this supply, without booking out (deal was negotiated with Amar). If this happens, of course you need to fill the demand side and cut the purchase from Duke in enpower - see deal no. above. The purchases go in the ST SPP book. Once again, If RT has to intervene, please make sure that Enpower is balanced with respect to ST SPP. Also, let me know immediately if there are problems with this or any other schedule that I have. You guys are doing a good job." forney-j,"Mark, Hope all is well in Taylor. I have a couple of questions about OOMC capacity payments. As discussed in our meeting, I received a manual OOMC on Thursday 9/13 (10:30 pm) from Terry at the ISO. He reserved 220 mw of capacity from the Frontera unti for hours ending 9-2400 for Friday, Sept 14th. We were, indeed, exercised on Friday. I think that we understand the payment for the energy portion of the exercise. However, we are not certain what we will be paid for the capacity portion, as the formula for OOMC payment is based upon the Replacement reserve market. The replacement reserve prices have been zero. Could you provide some help on this?" forney-j,"Kim, Havent talked to you for awhile. Hope everything is going well. I do have a question about who will be doing my review. Also, dont we still have a rating system? I would like to see my entire review and have the opportunity to sign off on it. Also, is it possible for me to review my personel file? Is this within company policy? Lastly, can you provide to me a copy of my contract? Mine is packed in a box somewhere due to the move. Thank you for your time." forney-j,"Michael, we checked with Reliant personnel and they dont know anything abuot the fees that we discussed. That's not suprising, however. Does Reliant bill this directly or does the Ercot ISO bill this to us? What is the reason for this fee?" forney-j,"Steve indicated below that he talked to Ken at Frontera. Ken Parker is the ""new"" Jerry. They are staffing up." forney-j,"Victor, Thanks for calling today. Obviously this hasnt been the best day in my 8 year career with Enron! I have attached my resume for your review. I am interested in talking to you in more detail at your convenience. Thanks again, JForney cell phone" forney-j,"The position for Monday is currently scheduled into imbalance in both the QSE MOS and Enpower. Make sure that both are modified when you make sales/purchases. Attached are the spreadsheets that reflect what Frontera is doing for the next three days. Again, look to the top line to know what generation output should be. Know it, learn it, live it." forney-j,"We are short 50 mw's for offpeak tomorrow @ $13. I would not expect to have to fill this, but if you do, buy in the South and schedule under Ercot Asset. We originally purchased this power from El Paso. Call me with questions." forney-j,"Duong, Can I get a change in Enpower? We have done this type thing on the West desk: For every counterparty ""Ercot Imbalance"" , I would like the Risk Mark to market flag set to ""off"" automatically. When this manual process does not get done, we have settlement problems. What do you think?" forney-j,"TJ, I need tickets to an Astros game on May 18th. We will be entertaining 7 people from Entergy and approx. 5 Enron people. Is there access to a box or, at least, blocks of seats together?" forney-j,"Rebecca, For September 28th, we have sold a financial swap to Frontera for hours ending 7- 11. We bill them $20, Enpower #794481, for various hours. I will take the floating imbalance price for the following megawatt totals : he7 - 310 mw's he8 - 310 he 9- 240 he10 - 140 he 11 - 60 Frontera will be running a resource imbalance for these hours. (see imbal. # 794516). I should be allocated the imbalance charges as listed above and Frontera is responsible for any remaining imbalance for this day.. This is a financial swap that we will be offering our customers and I need your feedback on any requirements that you have in settling this product." forney-j,"Greetings: My name is John Forney and I am currently an employee of Enron North America. I am a Woodlands resident and take great interest in employment opportunities withyour company. I have been involved, primarily, in electricity and gas trading. I also have gas purchase and natural gas pipeline experience. I have a proven track record of success and look forward to new challenges. I have attached my resume which details my experience and capabilities. If you have further interest in talking with me, please contact me at 713-853-7160 or 281-419-4388. Thanks for your time, John Forney Director, Ercot" forney-j,"Andrea, apparently an imbalance deal was entered under Teco services and the mark to market flag was not removed. I show negative new deal value for Teco Services, when I sold above the curve on their behalf. I assume this is the reason for the negative new deal value. The deal has been revised, as it was to be a temporary placeholder anyway. This imbal. sale deal will be taken to zero and resold to another counterparty tonight. Will I ever get a true up for the negative new deal value?" forney-j,"Jerry - My trader, Eric, was able to sell the he 7-11 5 mw's for $14. Please see the attached:" forney-j,"Thanks Lance, I have a question: on the Ercot transmission outage page, the TU Bellmead station is listed as having trouble - the buss is damaged due to storm. Is this the reason that there are TU CSC's, as mentioned on the Ercot conference call? The station is to be out until August 10th. We have had a significant price split and I think that this might be the specific reason. I have tried powerworld, but I couldnt turn off this station. What do you think?" forney-j,I will be attending Ercot meetings in Austin Thursday and Friday of this week. I can be reached by cell phone. forney-j,"Lloyd, George has departed for his planned vacation. He will be back on the 30th, per his voice mail. I bring him in at that time." forney-j,"Kim, I had mentioned that I had not completed submitting my expense for temporary housing, etc. I mistakenly thought that the deadline was one year. Can I still get this in? I think I have everything in order." forney-j,"Jerrry, See the attached megawatt awards for tomorrow. We are talking with the Ercot staff regarding the settlement of this and the OOM (Out of Merit) decrease for today. It is our understanding, per the protocols, that when we are dispatched down the ISO keeps our $35 scheduled sale whole. We are paid this revenue stream (by our sale counterparty) PLUS the greater of: the applicable balancing energy price for that hour or zero. If you are decreased by 50 mw's for an hour you receive: $35 sale + balancing $33.50 = 68.50/mw for not running your plant. For the capacity tomorrow, We will reserve the mw's below and possibly sell the rest. The Resource Plan is increased to reflect 400 mw's plus the awarded megs for each hour. The EMS will only show 400 mw until we get deployed. At the time of deployment, we also receive the balancing energy price for the hour exercised. We bid in a Non-spin product which requires us to respond within 30 "". They can take partial hours, at their option. I hope this helps. JFORNEY Director," forney-j,Today would be fine. Between 12-1pm. I can sit with you for an informal meeting and see where it goes. I am located at 3111e. forney-j,I am interested in obtaining parking in the new Enron parking garage. I am currently in the Kellogg building. forney-j,"Hey, what's the latest in the service world? I am working with Tom May on services in Ercot in addition to my Ercot ISO duties. How does the price cap crap work? Does this have opportunity for us on the service side or does this kick us in the face?" forney-j,I have received notice that I need to attend the Sandhill board of directors meeting tomorrow. Clint Dean will be trading the Asset book. I will be available via cell phone. forney-j,"Frontera has scheduled the following for tomorrow: he 7-11, 350 mw's he 12-22, 400 mw's he 23, 50 mw's We will be required to sell an additional 85 mw's tomorrow for hour ending 23 in order to get up to the minimum run of 135mw's. If Frontera has problems coming up tomorrow, there may be an ACE issue. We will advise." forney-j,"Please see the attached. Remember that we are planning on buying hour ending 7 (50 mw's). So, we wont actually generate 250's as the schedule indicates. Alex will take care of this tonight. Prices for the weekend look like: onpeak $20.75 offpeak $ 12.25 gas $2.06 This doesnt look too good for the weekend run. Let me know what you need to do." forney-j,"Save the file attached below to your desktop. You can just click and drag. You can view the data by interval or by hourly average. Make sure that the dates are in the following: 10/25/01 10/26/01 To view today (10/25) make sure the ending date is tomorrow to pull in he 2400. The purpose of this toy is to paint certain blocks, ie 14-22 and get an average in the excel format. I have found this to be a quick and easy to use tool. I used a similar tool in the California pool. For example, take yesterday and compare to today, same period. Factor in weather, unit outages, etc. This should give you a general idea of where prices should be for these hours. Let me know your feedback." forney-j,"It looks like we will be moving back to Portland before summer starts. The job didnt turn out as promised and I was put into a role that I didnt want. Oh well. The Portland team still wants me and has offered 4 different roles to choose from. You cant beat that. Anyway, I will let you know how it turns out." forney-j,"Alex, Could you check your trade log for this? I show that you were on this day. If this trade is good, we need to Enpower. Let me know what you find." forney-j,I will not be in the office on Thursday or Friday. I will be attending a meeting in Austin. forney-j,"Due to the slowdown in trading, I will be concentrating on leaving positions for RT to trade around. These will keep you in the market and give some flexibilty and decision making responsibility. This will make more sense, once you inherit the position. The following positions need to be watched for monday: 1. We are short to Mirant (on behalf of Frontera) for hour ending 6 only. We need to buy 50 mw's and schedule this with Mirant Real Time. They are expecting and have agreed to this trade. This is energy that Frontera owes them on a prescheduled basis. If you are working Sunday night, check in early with Mirant to make sure they are aware of this trade. It is very common that they get a bad ""handoff"" and are unaware of this transaction. Give them plenty of time to work this out. We schedule this in the portal as a buy from X and a sale to Mirant. In Enpower, buy from X and sell to Frontera (under the Teco Services book). Enter this as a flat transaction, ie buy for $20 and sell to Frontera for $20. 2. The Ercot Asset book is long 5 mw's for offpeak Monday at $11.25. Sell this or leave to the pool, as necessary. I will be long this power offpeak for the balance of next week 10/16-19. I think that Saturday morning will come in strong, as we are getting some cooler weather. I think also that some larger units are coming off line, which will put upward pressure on the offpeak. Each member of the group needs to tell me what positions they want. Next day onpeak is trading for $20.5, offpeak is trading $11.25. Where is the value??? Lets trade it up!" forney-j,"Thanks for listening on last week's phone call. I have been asked to help Doug Gilbert-Smith get Ercot off of the ground as far as Services and Hourly trading is concerned. If you have not heard, the Entergy and TVA cash trading positions will now be manned by one trader who will also trade the term markets. This will give the traders the leverage needed to create value in these respective regions. My inexperience in the term is the reason given for my implied demotion, although these moves opened up cash trading opportunities for other players. This had been the first month that I've had access to the prompt month and I am up nearly $500k; there is no doubt in my mind that I was going to beat this region into a profitable proposition. I have notified Presto that I would be joining Doug in Ercot, but would be considering other options in Houston, or even Portland. I mentioned that I might call you and he has no problem with that. The job in Houston may be a good opportunity, however, the environment here is not compatible with my personal and professional goals. I am looking for other opportunities, preferably within the company. If there are areas that you think might be a good match for my skill set, let me know - I would appreciate your consideration or suggestions. You certainly are under no obligation to do this, but I am confident that my track record will generate some interest within the company, possibly on the retail side. Thanks for your time, J" forney-j,"Here you go: There is no banking mechanism. If A&B are net long, they receive the balancing energy price for all of their mw's. If C & D are short, then their short position is covered by the Ercot ISO; C & D are charged the balancing energy price plus replacement reserve /mw. If the money, at the end of the day, is insufficient to pay A&B, then this full cost will be allocated on a load share ratio basis. This charge will be allocated under the UFE (unaccounted for energy) charge type. If C & D serve load, then they will share the expense of paying for the balancing energy price to A & B. A & B escapes this expense allocation, as they do not serve load." forney-j,"For tomorrow, we need to sell the following: he 5 - 30mw's he 6 - 30mw's he 7 - 65 mw's The sales go into the Teco Services book. The length is currently scheduled to load in Enpower and the QSE MOS system." forney-j,"Yesterday the Frontera plant was idle due to economics. We had submitted a Resource Plan (this indicates to Ercot what we plan to generate) with zero mw's and zero premium because the unit was offline. In the Resource Plan, we can attach a premium for OOM up or down. In the plan for yesterday we indicated that our unit was ""unavailable and offline"". The plant personel are responsible for submitting an outage schedule with Ercot - this cannot be completed by the QSE. Ercot called yesterday and asked if we could start the unit if they needed us to. We called Jerry Watson (with Frontera) and he relayed that this was possible. Ercot immediately OOM'd us up 135 mw's, beginning hour ending 13, to control congestion. They later upped this to 185 mw's for the remainder of the day, through 2400. I called Mark Patterson, who is our Ercot Rep., and I explained the situation. I wished to know how they could OOM us if we were offline. I also wanted to know how this would settle. His reply is as follows: Since we indicated verbally that we could run the plant, that changed our status from unavailable to available. Since we had an implied low premium (zero) on our plant, we were high in the OOM stack and were called upon. We would receive only the mcp for our power because we had no premium indicated. The mcp was low all day ( mid teens) yesterday. If we had been OOM'd up and could not recover our startup & gen costs, we could dispute the bill and provide sufficient documentation to recover, at most, our costs. We immediately revised our Resource Plan and indicated 185 mw's available with a $50 premium. This invoked the Protocol provisions requiring them to pay us the 18 heat rate times gas costs. The Protocol section dealing with OOM up payments is found under section 6.8.2.2. Please review this to understand why this applies. This was a very educational process. We think that in revising our Resource Plan ""on the fly"" we were able to turn a bad situation into a profitable day for Frontera. Until further notice, the following policy should be implemented: If Frontera is offline and Ercot calls to ask about the availability. Say the unit is NOT available. If Frontera is scheduled to run, need to input into the Resource Plan the following premiums: $50 premium for OOM up. $10 premium for OOM down. These premiums will be added to the mcp and will be used to determine our place in the merit order. If we are OOM'd up, the premium will require that the heat rate formula is invoked. If we are OOM'd down, then we should be paid the mcp + premium. Please call me if you have questions, J. Forney Director, Enron Ercot Region" forney-j,"Brett, I have a business question, for a change. Ercot load is forecast to be as high as 46,124 for hour ending 1200 today. The actual printed from the website is less than 43,000. I know that there is South to North congestion, but is this actual load right? Is interruptible load being curtailed due to the congestion or is their rain somewhere that isnt showing on our weathermap? Any help you can give would be appreciated. I dont think that this is proprietary info or anything. I am trying to see if the forecast is worthless." forney-j,"Take a look at this, add or format ( add to letterhead, etc) as necessary. Let me know what you think." forney-j,"Kayla, LCRA exercised their option for tomorrow, 11/30. See deal no. 882244. I dont remember whether this gets trued up or not. Im sure it does. Call if you have questions." forney-j,"Stewie, How is it going with baby Wolf? I want to make sure everything is ok before I call him. Done any good deals lately? At least tell me about hiking." forney-j,Thanks for remembering me. Hope everythnig is well with you too! forney-j,"Amy, Hope everything is going well with you. I dont know if Tim has talked with you, but I am considering returning to Portland. I am talking with Wolfe and Tim, but I would like to keep things low key. I know this all seems pretty weird, but my situation has changed so drastically that I have some major, immediate decisions to make. Basically, the East Desk wants me to build a team in Real Time, similar to how we did it in Portland. Unfortunately, that was not the job I agreed to take (always get it in writing - I never could). Had I known that it was a similar position to what I had, I never would have left. Anyway, Kim Melodick wants me to consider opportunities within Enron Houston and I have agreed to give her a week to see if a fit exists. She is easy to work with and is being very helpful. However, I have expressed to Kevin and Kim that my first preference would be to return to Portland. I have given this some thought and believe that taking the Real Time position would not be a good move for me, given the atmosphere here. I would like to have a new perspective on this if you have time to converse. I would appreciate any feedback that you can give me." forney-j,"For tomorrow, see the attached schedule. This is what is communicated to Frontera. The mw value at the top of the page indicates what their total generation should be by hour. The Resource Plan shuold be identical to this row. Row 5 mirrors the purchase from Frontera in Enpower. The Mirant call and Enron's call (Ercot Asset Book - 100 mw's) are listed as well as any daily trades executed on behalf of Frontera. Please familiarize yourself with this report The top line will indicate how much power is available for bal-day sales, etc. Additionally, the Resource Plan needs to accurately reflect to Ercot what the plant is capable of. For example, if we are generating at the maximum of 450 mw's, we need to reflect that the combined maximums on units 1-3 do not exceed this amount. Otherwise, Ercot thinks they can OOM you up. Specifically for tomorrow, please note that we are going from 135 mw hour ending 6 to 250 mw's hour ending 7. The plant doesnt like to do this. A 200 mw schedule would be much more preferrable for this ramp. So either : 1. purchase 50 mw's from RT market for he 7. Change Resource Plan to 200 mw's for hour ending 7 only. Put purchase from in Teco Services book. Make another corresponding sale to Frontera counterparty in the Teco Services book. If you dont make the second entry in Enpower the Teco Services book will be long for hour ending 7. 2. have plant drag and buy imbalance - they will call to make this decision. No entries will be needed. Call if you have questions." forney-j,"I played the last four days: barton creek in Austin ColoVista in Bastrop (near Austin) Fish Creek Fish Creek yesterday. I am hitting the ball alot better and starting to make some putts. I wont be around this weekend, as I am vacationing down in South Padre Island for the next few days. We need to take that boat out so I can show you around Galveston. Fishing is good and you can pull up to certain restaraunts on the water. Let me know when you wanna go." forney-j,"Mr Taylor, I have attached my resume, that explains what the heck I have been doing. Let me know if anyone has interest in a profitable Woodlands boy. Thanks!" forney-j,"We are required to input down balancing bids for all generators that we represent. Every morning it is especially important that we have a DBES bid input for Frontera. We should have balancing bids in for all hours, but we are most likely to be deployed in the morning hours. We are required to monitor the Deployment instructions and communicate any instructions to Jerry Watson @ Teco/Frontera. Frontera is willing to pay a max of $10 to decrease their gen. This bid tells Ercot that we are willing to pay up to $10 for Ercot to fill our schedule during the time that we are being ""balanced down."" We should never see prices below $10 without being deployed down. If this situation happens, we have to explain to Frontera why we didnt get selected by the ISO. This is an important part of the Services side of our business, and is the only way that we get paid on these type transactions. If anyone has any questions on this, please give me a call as this is very important to all of us.'" forney-j,"Lloyd, This is the guy I was talking about last week. Kevin seemed to think he would be good on the retail side. I can answer any questions that may arise, or , I can put you in touch with Saji." forney-j,"Laurel, Do you have Ken Parker's e-mail address? He needs to be copied on our preschedules. His address is kbparker@tecoenergy.com" forney-j,"Lisa, I will be out of the office for one half day on Friday and a full day on Monday. Can you list my Monday time as my floating holiday? I will obviously not be able to attend the meeting at 3pm, but I am available by cell." forney-j,"Thanks for your reply. Here's what I have learned from our conversation: Since I have not gotten a specific response from my customers, my spots were ""captured"" by Don and Juan's group? I acknowledge that I have not relayed specific names for Reliant and TXU, as they havent responded after many calls, but did not receive notice that I was to lose my spots. I expected to be able to include my employees, as Juan and Don have now done with my spots. Don and Juan have invited my employee, Steve Olinde, with one of my original spots. He will attend. I am not trying to give you a hard time, but I need to know who authorized filling my spots?" forney-j,"Lloyd, Frontera needs a portal so that they may submit outage schedules for their plant. We, as the QSE, arent able to submit this, per Protocols." forney-j,"Sure, I am online everyday. I get in about 6 am, usually putting the numbers on at 6:30. I start with hr ending 8-22 and change to 9-22 usually when the first interval of he 9 is printed. This is at my discretion. You may post a limit order (either a bid or offer) that covers mine and transact online. You wont necessarily be trading with me, another counterparty can lift your offer or hit your bid. Let's trade it up!!!" forney-j,"joan, good to hear from you - everything is still pretty wild up here, but it is going very well. Sorry to hear about the neighbors, but i think that you will enjoy living downtown. there is so much to do here now. how are your hours now? im sure that they are pretty scary. seen any good bands lately?" forney-j,"Ben, Our Ercot lines arent working. We are located at desks 678-680. Also, could you please make the Ercot lines 1-4 appear on page 1 of all Ercot hourly traders phones? You did this for us in the old building, but those changes didnt transfer. The traders are: Joe Capasso Alex McElreath George Phillips Steve Olinde Seung-Tak Oh John Forney" forney-j,"Deb and I think of you guys from time to time. I am looking for a new gig as well. Enron Texas is having a great year again trading, but I am somehow out of work (out of credit, at least). Stay in touch and good luck." forney-j,"i have notified Presto that I will be looking internally. i am talking to portland, as they want me back. i have been moved to the Texas region to supply the Texas Choice and EES customers on an hourly basis. I would manage this desk and, once again , have an hourly crew, much the same as I did in California. That is not the job I signed up for when I moved 3,000 miles to Houston. I have already been there, done that and I am not pleased about it so far, but it will be allright. If I did this job, it would become a big success and then I would have to hear about how lucky I was. I'll keep you posted......it's shit like this that keeps work interesting." forney-j,"Victor, We spoke a couple of days ago concerning employment opportunities at LCRA. Do you have any questions about the resume that I sent? I can supply additional info or answer questions, as necessary. I was also wondering what specifically LCRA was looking for. I have QSE experience and am familiar with Ercot billing. Addtionally, I have some extremely capable co-workers that would be interested in talking with your firm. Our Ercot team has been profitable and is extremely motivated. Let me know if we have something in common." forney-j,I have a 1:10 t time for Windrose on Sat. I have a 3:1 coupon that will reduce the expense to $51 pp + tax. Let me know if you can go. forney-j,"Frank, I am interested in speaking with you further concerning investment opportunities. Although you mentioned that the $1,800 (the amount in my account) is a small sum, I have been reluctant to invest more money with your firm, given to performance of the suggestions provided previously. I have been a market maker in the electricity business and I realize that no one is right all of the time; I dont expect this. However, I do expect some consistent contact from a broker who has been successful in his own trading, not just success in brokering trades. My view will be that the more success we have, the more money I will be willing to invest. I am interested in discussing my specific financial situation with you and learning more about you, your track record and your abilities. I do wish to talk about covered calls on specific options that I have expiring in January. I would also like to discuss any other profitable ideas that fit my profile. I will not use your suggestions to trade at discount brokerage or otherwise abuse our potential relationship. I look forward to hearing from you. John M Forney" forney-j,"We have four direct lines to the Ercot ISO that have been installed on each of your turrets. As an ISO participant, we are required to be staffed 24-7 to handle any request from the ISO concerning our generation, or to handle contingencies related to our preschedules. If any of these lines should ring, we need to be sure to pick it up. Ercot may just be testing our responsiveness, or , they may have a specific question about the mock market that is taking place now. Any questions that cannot be immediately answered should be relayed to Smith Day or myself. We will be installing hardware soon that will receive generation instructions from the ISO. For RT purposes, this will be used for billing purposes. Any action ordered by the ISO will also be communicated to the Control room simultaneously. They will be responsible for the actual dispatch of the unit. We will be announcing a meeting soon to describe our new Ercot world and to exchange ideas. I would also like to have a session with the group to explain the logic behind the reports we are responsible and to explain how the whole floor works. This can be a broad overview, or we can drill down to specifics at your request. Thanks for your attention." corman-s,Here is my draft written review. Take a look at it and we'll sit down when you have a chance. Keep up the great work. I know things have been really stressful for you lately. It was terrific to have you to rely on when I was away (and when I'm here corman-s,"Danny, Thanks for securing the Astros tickets for Gas Logistics. On Monday afternoon I had everyone gather and we had popcorn and a drawing for yesterday's seats, the extra seats for today and this Friday's opening Aeros game. It turned out great. Even though I followed this democratic process -- the winners turned out to be exactly the people I wanted to reward. I also made sure to have a leader in each group to buy the snacks. Yesterday Brad took Jodie Floyd, Jerry Graves, and Tracy Minter,Toby Kuehl and Lanny Cramer. Today Dannis Bellard, Dale Ratliff, Terry Kowalke and Steve Chambers are going to the game. It was a great morale builder. Thanks. We'll try to do this again next week if we have extra tickets (Astros cooperating of course). Today, Bill Murphy of FPL and Jude Campbell of TECO-PGS are coming to town to go to the game with Mike Bryant and I. I'm also going to have a dinner for them after the game. Perhaps at Irma's where hopefully Jack and Rachel will join us. I'll have Ricki leave you a message if you are interested in stoping by. Early this AM I'll be out speaking at Phil's Ops conference. I'm going to call Julie to get on your calendar to brief you on some key logistics issues and talk about issues related to our current seating arrangements." corman-s,"Chris, I never heard back from you after I sent the fax yesterday. I am anxious about correctly signing and notarizing the INS forms and would like to discuss when you have a minute. Shelley Corman" corman-s,Sorry for the unfriendly greeting in the lobby. I just had my head in the clouds. Have a great evening! -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"I would like to offer the gas controllers the first opportunity on the Gas Logistics Aeros tickets ( 4 tickets) for the month of February. Available games are: Sun, Feb. 3 at 5 PM vs Utah Grizzlies Tue, Feb 5 at 7 PM vs Chicago Wolves Fri, Feb 15 at 7:30 PM vs Utah Grizzlies Wed, Feb 27 at 7 PM vs Chicago Wolves Please contact Ricki Winters at x35754 if you are interested. The tickets will be given on a first come, first served basis." corman-s,We should change all refernces to say top 10 customers provide 66 percent of revenues . I changed that in one prior draft. The other figure is the top 15 contracts. I think we should stick to customer figures rather than mix customer and contract stats -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Stan is having a 1/2 day staff meeting next Wed. Dec 12 until lunchtime. Accordingly, I need to reschedule my staff meeting. Please let me know about your availability to meet from 1-3 PM on Dec. 12 in my office." corman-s,"Joceyln, I've had a change in my schedule today and I won't drop off the check in person. I deposited the Enron check in my bank account this am on my way to work (to make sure I get the cash before any bankruptcy filing) and will have a personal check couriered over to your office. Unless you instruct otherwise, I will make the check out to Salomon Smith Barney and put the caption FBO Shelley Corman in the Memo line of check. Let me know if an account number should appear on the check." corman-s,"No thank you for all you and your teammates do. I get a bit frustrated when Stan says that ""we all need to re-focused back to work. I need to remind him that we have never lost our focus, that despite what has been going on, our staff has continued to work 24/7 to maintain our service level to our customers." corman-s,OCC has called me and I am on the call and the operations folks seem irritated with my explanation that I no longer cover communications so I have jotted down the notes on the call and would like to hand over to you as appropriate. Summary notes from Tom Mertz -There was an oil spill on the Block 49 platform off the coast of LA in Elod (sp?) Bay on an EOTT facility. - Have 2 people on blocks but they are busy with booms (so they are out of communication) and others are on the way to the site to bring up communications. - The spill was initially reported at 10 barrels. But later received report that slick reported as 250 ft wide x 1.2 mi long. And it is nearing the bank/shore. - Going to do fly over. - Govt agencies have been called including the Coast Guard. Coast Guard will meet us at site. - We have deployed US environmental to do containment and cleanup -There is concern that news will cover when slick reaches shore. corman-s,"Kevin, We can get ETS-related pipe throughput for 2001 (and Rick has subsequently sent the TW 2001 data). But we won't have non Enron pipeline throughput until they publish." corman-s,Still working...for today anyway. We spent a cold weekend in Conroe TX. Alina was well-behaved all weekend. Can you do lunch this week? Perhaps tomorrow? corman-s,"I'll gladly bring my photo album and Alina. Chad has a playdate at a neighbors house. Gaby told me that she cannot attend. You mentioned that several people may come to the get together late and that we may visit longer than 12:30 pm. My sister is arriving in town for a visit around 12PM and a cab is picking her up at the airport. I currently have arrangements for the cab driver to take her to my house (probably around 1 PM). Let me know if you think I should change this arrangement. I can't think of anyone we missed for the party, except Bobby Oldfield. She is going to start working with us on Children's Church and was a fantastic help with VBS. I inadvertently dropped her name from the list. Thank you for everything you do. I'm always overwhelmed by your kindness." corman-s,Would you guys be amenable to signing up the boys for Nature Explorer Camp July 29-Aug 2. The Audubon lady said that I can sign Chad up with the 7-8's if he's going to be with a 7-year old buddy. Summer Schedule I'm not planning any camps for Chad the week of June 3 because of Swim Team (really busy first week of June). June 10-14 is Grace VBS We'll be on vacation week of July 1-7 Ashford VBS July 22-26 Hopefully Nature Explorer Camp week July 29 - Aug 2. I'd like to sign him up Biron's or some other camp 1 or more weeks (either): June 24-28 July 8-12 July corman-s,Tim - The denominator in the load factor calculations needs to be updated. Please check with Mike to get the current denominator for the months. corman-s,Does that mean Rita will need to go through security every day? My preference is to give her a temporary badge or activate her old Enron badge for the full week. corman-s,"No, we live about 2-3 mi. off I-10. It is really easy to get to our house from Austin by taking 71 to I-10 east. Here is a turn by turn: Exit 1-10 at Highway 6 (17 mi. West of Downtown Houston). Go South on Hwy 6 to the 3rd stop light (Chevron station on SE corner). Take right onto Briarforest Drive. Take first left onto Briarhome (Meadowbriar subdivision). We live on Scarborough Fair -- third street off Briarhome. Our home is 2-story red brick & is in the NE corner. 14126 Scarborough Fair Houston TX 77077 281-531-0385 Also last night I emailed Sergei a brief note regarding what Ginger was telling us yesterday. I didn't want to jump ranks or push him for an earlier date -- but I wanted to make certain that he knew that all our paperwork is in." corman-s,"Okay, I've already had questions about statements in this memo. My understanding of this is as follows: In the event of bankruptcy, employees are guaranteed to be paid for work already completed up to an amount of $4650 (If the company were to file next week, this amount should be small since payday was today). In addition, employees are paid for hours worked after bankruptcy at their normal salary or an amount the judge determines and such payments are not capped at $4650." corman-s,Great. Thanks! -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Yes. Of course I'm still here. I think my NNG friends are spreading the rumor that I'm out of here! But, I just keep busy with my day to day work and try to put of making any decisions..." corman-s,Sorry I missed your call last week. Kim misplaced your email address so I'm taking a stab that this is it. I'd love to talk to you about your upcoming adventure to Kazakhstan. Do you know where in Kazakhstan you'll be adopting from? Happy New Year corman-s,Could you please be so kind as to send me the full shower address list back (my list was missing some addresses). I want to make sure I get organized to send out thanks after the party. corman-s,Stan told me that you were using that title too. So I guess perhaps I negotiated another thing as well. Seriously though I would like to talk to you about using common titles. corman-s,"I don't know who/what got everything stirred up today. It is true I have other offers, but none are new -- I've been thinking about them for several weeks and haven't made up my mind. I'll let you know when I figure it out! -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,"FYI Regarding Mn EC Closing. I really enjoyed our talk last night. You gave me some really good advice. I'm sure that vacation/going out of town is the very last thing that you feel like thinking about, but when you're up to travel thoughts let me know if you would be interested in going to the Hill Country Hyatt some weekend. I think Alina would love the water rafting. We could go the weekends of May 11, 18 or 25 if you are interested." corman-s,"Chris, I also wanted to mention that I confirmed the Connie Davis of Travel Brokers received our passports and Kazakstan and Russian visa applications and is holding them pending instructions from you. Shelley Corman 713-853-7083 (work) 713-857-2013" corman-s,"Hey all, Can I get a copy of the settlement bullets sent to FERC staff and indicated shippers. Lynn, Darrell, Brad & I are working on ideas on how we could revised current posting and customer point/path/segment look-up capabilities and are interested in learning whether our revised capacity procedures are any more specific than in the earlier draft we looked at." corman-s,Great. I am getting back early around 4.30. We will meet you at 6.30 even if John is late we can have wine and catch up. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Are you at all worried that this starts the move to zone rates in the market area? Do we care? Are we worried about having competitive Zone E/F rates? corman-s,I would like these individuals to have a training with Teb Lokey today or tomorrow. Teb is aware of my desire in this regard and is awaiting your call to set up the time. corman-s,"I am looking to schedule a Vacation Bible School Training Meeting. I am wondering whether there are any conflicts on the church calendar if I schedule this meeting for May 5, 12-2? Shelley Corman" corman-s,"Jennifer, Regrettably I will not be able to attend the April 19 meeting of the dinner. Please pass my best wishes on to both Dean Dutton and Professor Kleit for a successful meeting. Shelley Corman" corman-s,I keep getting these notes. Help! corman-s,Okay - now I've lost the file. I guess I deleted the wrong message. Can you resend? corman-s,There are a couple of slides in the recent bank package NNG prepared and a few more slides in the original 2002 budget package. I'm a vacation day but have to stop by the office later today and will round these up -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Kim, My nonstop direct from Houston cleared for tomorrow (4:40 PM). The only catch is that I have to go to the airport this afternoon to change my tickets. My return back from Moscow on the 30th also cleared. I am still waitlisted for a return flight from Almaty on the 23rd." corman-s,"We found no cross-default provisions in the material contracts. Moreover, FERC standards of conduct required pipelines to keep contracts, books and records separate from other Enron entities." corman-s,Sounds good. Is Marion comfortable with the plan? corman-s,"Yes, I'm taking off tomorrow. Wish you could too. I'm planning on taking Chad to the Zoo." corman-s,"Here is data format. This is for time period 10/1/00-9/30/01. Now I'm looking for calendar years 1997, 1998, 199 &" corman-s,Did ETS officially make a bid to the bankruptcy court for abandoned equipment? Any computers or just flat screens? corman-s,"UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION Texas Gas Transmission Corporation Docket No. RP01-278-002 NOTICE OF COMPLIANCE FILING (October 22, 2001) Take notice that on October 17, 2001, Texas Gas Transmission Corporation (Texas Gas) tendered for filing as part of its FERC Gas Tariff, First Revised Volume No. 1, the following tariff sheets to become effective October 1, 2001: Primary Third Revised Sheet No. 181 Third Revised Sheet No. 182 Third Revised Sheet No. 183 Sheet No. 184 (reserved) Second Revised Sheet No. 185 Alternate Alternate Third Revised Sheet No. 181 Alternate Third Revised Sheet No. 182 Alternate Third Revised Sheet No. 183 Texas Gas states that this filing is being submitted in compliance with the Commission's Order issued on September 19, 2001 in the above-referenced docket. As directed, the tariff sheets removed the daily high/low index price for cash-out. In response, Texas Gas proposes to establish a cash-out price based on a weekly high/low index price determined from the weeks within the applicable month, plus the first week of the following month. The primary and alternate sheets require in-kind make-up of imbalances up to 2% and use the same index price for imbalances above 5%. However, the primary sheets also propose to eliminate cash-out for all imbalances up to 5% by also requiring a mandatory in-kind make-up level from 2% to 5% and by eliminating any use of the 100% price index for this tier of imbalance. Texas Gas states that copies of the revised tariff sheets are being mailed to Texas Gas's jurisdictional customers and interested state commissions. Any person desiring to protest said filing should file a protest with the Federal Energy Regulatory Commission, 888 First Street, N.E., Washington, D.C. 20426, in accordance with Section 385.211 of the Commission's Rules and Regulations. All such protests must be filed in accordance with Section 154.210 of the Commission's Regulations. Protests will be considered by the Commission in determining the appropriate action to be taken, but will not serve to make protestants parties to the proceedings. Copies of this filing are on file with the Commission and are available for public inspection. This filing may also be viewed on the web at http://www.ferc.gov using the ""RIMS"" link, select ""Docket#"" and follow the instructions (call 202-208-2222 for assistance). Comments, protests and interventions may be filed electronically via the Internet in lieu of paper. See, 18 CFR 385.2001(a)(1)(iii) and the instructions on the Commission's web site under the ""e-Filing"" link. David P. Boergers" corman-s,"Joan, Stan tells me that in 2002 I will have the privilege of representing the pipeline segment on the GISB Board. Will you be letting Rae McQuade know the results of the pipeline segment board elections?" corman-s,"In the past we have blessed RAC as a truly corporate function with whom we could share information and receive services. When I read that there are power trading folks on the RAC team, my radar goes up about the need to put firewalls in place within RAC." corman-s,Thanks I needed that today! -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,I don't understand why the schedule show no variance for Gas Logistics. My workpapers indicate that we should be down by $300K or corman-s,"Sorry I missed your call last night. I had a good cry and went to bed early. As you noted in your voice message, I am planning to travel by myself on Saturday, Dec 15. It is the only time I can get a confirmed flight (albeit a more cumbersome route and more expensive). Here is the other part of my plans. I feel fairly sure that I will return to the US immediately after my court date, unless the stay requirements are very, very short. I can fathom the courage to travel by myself, but not to hang around 2 weeks by myself. Also, all these constant changes have put a serious strain on what is already a very tedious work situation for me. I am still planning to have Connie move forward with getting Kim a letter of invitation /VISAs -- including a Russian VISA that is good until Mid-January. That way Kim can return for Alina after the first of the year if necessary. Please ask Sergei to look into possible arrangements. I would be happy to pay for Sergei and Larisa to have a holiday in Moscow if they were willing to fly with Alina there. Perhaps she could stay at the orphanage or with a host family and have an orphanage worker take her to Almaty. I am totally terrified about traveling by myself -- but this isn't a fear that will ease with time. I feel like I just have to dive in or I am going to change my mind. I need some reassurance on what happens at the airport. Will the assistance service help me at customs? Will Sergei pick me up and where will I find him? Do I have hotel accomodations (if so preferrably at the Hyatt)? Obviously I am also handling a mountain of guilt about leaving without Liz. I wrote her a note about my current thoughts on travel and why I am leaning towards leaving on Sat. Shelley Corman" corman-s,"FYI Yesterday, Sunday the 24th, one of our gas controllers was stuck in an elevator for approximately 5 hours. Apparently the alarm and the intercom were not functioning and she had no way of notifying anyone that she was stuck between the 39th floor and the plaza. After other dispatchers became concerned about her being missing and searched for her, it was 2 hours before they determined she was stuck in an elevator. It then took another 3 hours to repair the elevator and get her out. We were advised by one of the guards that the weekly test and inspection of the intercoms was not performed on Saturday, as scheduled. Evidentially the level of maintenance and monitoring of the elevators has recently changed. We are pursuing this matter with Bill Donovan and the building/security staff." corman-s,Okay I'll go for a ticket. Are you back in town. Do you want to go to the cafeteria for lunch. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Patty, Stephanie & Barbara, I have samples of Group's VBS curriculum and Children's Church curriculum and would like to get together and see what you think. Group's VBS this year is called Bug Safari (think ""Bug's Life""). The bible lessons are about David and play on theme of little in size, big in spirit. The video (that can be used during refreshment time & is the basis of our Friday evening program) features Chatter the Chipmunk -- so we could reuse the adorable costume Ann Turney made. I would like to select the curriculum with you guys before we have our volunteer luncheon (which I would like to do in late Feb or early March). I would also like to agree on the date in mid-late July for VBS. I think I currently have 2 weeks penciled on the church calendar. I also have ordered samples of Group's Children's Church curriculum. I have been struggling lately with inspiration for new lessons and some pre-prepared lessons might help us draw in additional volunteers. Most of our volunteers are enthusiastic about helping -- but not preparing -- a children's church worship. Evening meetings are difficult for me right now -- as there is much to do in the evenings and little time. I would love to meet sometime this weekend if you are available. (Kim will be out of the country the first few weekends in Feb.) or I can meet on Fri. Feb 1 or Fri. Feb 8 - if either of those days suit." corman-s,"I approve of the below-noted access. Shelley Corman Vice President, ETS Gas" corman-s,This isn't the language that we ageed on and it will cause serious objections from my camp. I thought I sent Jim an email over the weekend. The language needs to say that Enron has advised that it is willing to treat UBS as an affiliate. . We cannot say the interstate pipelines are agreeing -- as this would take agreement of our partners. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Here is my two cents... From your message I understand that the tree trunk is entirely on our property and branches overhang the condominium fence. If so, then the tree belongs to Ashford. The condominium probably has the legal right to trim branches up to the property line, but may not go on our property or destroy the tree. A landowner is generally not required to trim its tree unless it knows the tree to be dangerous or the tree is obstructing a public road. A landowner can't be negligent unless they have legal duty to do something. Since the condominiums concern appears to be aestetics and not safety, there doesn't appear to be a ""negligence"" issue. Further, a landowner isn't negligent for natural conditions such as a tree falling onto others property during a storm unless the landowner knew the tree was unstable prior to the storm. If the condominimum choose to sue the church for failure to maintain the tree, they would have to do so on a ""nuisance"" theory arguing that thetree interferes with the use and enjoyment of their property. Still to prevail on a nuisance theory they would probably have to argue that the tree was dangerous. Bottom Line: We don't have a responsibility to trim the tree, but it seems sensible to let the condominium trim the tree so that issues don't ever arise later if a storm blew limbs down." corman-s,can you resend. There was no corman-s,Please call. I'm confused about the hotel amount. Alma - we will hand out the prizes in a raffle on the date of our holiday luncheon on Dec. 11. corman-s,"Hi Cindy, I know this is a trivial question in the greater magnitude of things....so just drop me an email when you get a chance. For my 2002 UW contribution, I asked to have a lumpsum payroll deduction in Feb. (unsual bonus time). Now, I want to have UW just bill me instead. I can't seem to get back into the system to change this. ???? Shelley" corman-s,"The FERC is presently deliberating on more restrictive rules, but I'll answer in the context of the current rules. There are three main principles behind the current rules: 1. Pipeline can't share shipper information with affiliate 2. Pipeline can't share transportation info with affiliate -- unless pipeline is willing to publicly post info, and 3. Pipeline and affiliates must operate as separately as reasonably possible. There is no prohibition on the pipeline having affiliate information, but the real root of your question is whether the entities are operating separately. For example, pipeline gets forward price curve info from affiliate -- we'd argue that this is just info that helps pipeline do its job better. But, compare with scenario where pipeline has a detailed list of all affiliates sales obligations - price, terms, etc. -- the argument can be made that the entities are not operating separately and the only reason that the pipe has this info is to favor affiliate business. There was a real case to this effect. The pipeline & affiliate attended a joint strategy meeting each morning. The pipeline claimed that it only listened during the meeting. FERC found that the pipeline and affiliate were not operating separately and fined the pipeline. So, I'd say that the rules are asymmetric for the case where the pipeline wants access to research/training/historical type info, but probably symmetric when it comes to matters of day to day contracts of transactions." corman-s,"Thanks for your concern. While it was very scary for Helen, I'm satisfied with Randy's reply. -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,"When I called Ginger's house today to see if she received my INS approval, one of her children answered and said that she is at Chris' house -- so I guess that means Chris has returned. If your process estimates are in line, our documents would have to be translated by next week to hit a travel at the end of November date. I am very concerned that we will slip to Christmas time travel. While I'm not trying to have you do my dirty work, I feel like you have a little better standing to fuss at Ginger or Chris this week about some commitments of when paperwork will be turned in. After all, your paperwork has been turned in for some time & you have specific health concerns for Oksana. Since I just turned in my INS approval (even though the rest of my dossier has been in for several weeks), I feel like I don't have much standing to complain about timing." corman-s,I was referring to the fact that Bearpaw is an actual marketing affiliate of NNG and is posted as such on the website. Bearpaw has a transport contract on NNG. corman-s,I agree. Elizabeth is making these changes. corman-s,"Stan/Rod, I previously mentioned to you that I have assigned John Buchanan as Mgr, TW scheduling to ensure that we have a consistent focus on TW scheduling matters and presence at the 8 AM TW morning meeting (Lynn Blair, Steve January and Terry Kowalke are in the NNG morning meeting each day at the same time). Previously Terry Kowalke and John Buchanan split time advising the TW and NNG team on day to day scheduling matters. Terry was sitting on 39 and John on 42. In light of the immediate change in their assignments, I asked John and Terry to switch desks. I need you authorization to move their telephones. This change is important to demonstrate to the commercial groups of both NNG and TW that we will not miss a step in tending to daily business even during the transition. Thank you for the support." corman-s,I'll be at the meeting Friday. Caroline tells me that it is strictly a revenue review - no O&M. Do you want to go over just revenue with my team or both revenue/O&M? corman-s,"It has been terrific to correspond with Liz & satisfying to help her get info on Oksana from my correspondence with Larisa. My dossier is with Ginger, hopefully being translated. I have not yet received my INS approval and I'm scared that I'll anger them if I start calling." corman-s,No idea. Let me know if you hear something. corman-s,No change. We are to retain all documents. corman-s,"Hope your week is going well. Here are a couple of things I wanted to tell you. 1. I made the arrangements for the house rental, bought 8 baseball tickets each to two of the games where I thought day of the game seats would be hard to come by & got our airline tickets. 2. Hopefully you got the invitation from Cyndi/Rosemary for Sat. I know you have Karate plans that day so I understand if it doesn't suit you. If you decide to come let me know though. Grandpa is willing to come and stay with Chad (Kim will be in Indonesia), but I wanted to also see what D&T will be up to. 3. Does any day this week suit you for exercise - walk/run?" corman-s,"Mike, I've never received any feedback on my notes. Can you give me some direction on whether my assumptions are correct?" corman-s,"Hi Georgi, It's nice to hear from you -- although I wish it were under happier circumstances from your end. I know that your visited with Mike and Steve on gas control openings. Please also keep in touch with Rick Dietz for contract group openings and Lynn Blair for potential scheduling openings. I'll also touch base with them and let them know that you may be responding to upcoming job postings." corman-s,Oh my perhaps I've given you the wrong idea about the sophistication of Chad's rock collection. It consists of rocks he has picked up at the park and a few gems he bought at a museum. He would love anything about rocks. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"I know that we are all under a lot of stress and I probably shouldn't send this note, but I just have to get this off my chest. Have I done something to undermine your faith in me? - When I worked on due diligence matters, you asked me why was I working on due diligence - When I prepared the demand letters you asked me why I was sending the demand letters - And, today, despite the fact that we oversee the day to day transactions, there is no mention of my group in the customer letter. I wish someone would just fire me if I'm incompetent, because I live in a hell worse than being fired -- at least I'd have time for my family." corman-s,"FYI While I have been periodically giving updates on the above max rate capacity release activity, I was surprised by the magnitude of the PG&E value above max. rates. For the 12 months ended 9/30/01 we had net cash payments to PG&E. (approx $18 mil revenues to Cal. + $5.6 revenue on San Juan - $28 million in above max rate capacity release activity = ($4.4)" corman-s,"Rod, Do you know how to get in touch with Paul Cherry or Dan Fancler over the weekend? I have most of the gas logistics related items prepared for TW for the bankruptcy lawyers -- including contract lists and receivables. I need to have someone run a payables list. I can be reach via blackberry or on cell" corman-s,Rick - Stan has announced that there is a hiring freeze in effect. We will not be permitted to fill this position without making a special appeal to Stan. Couple this with the fact that I need to present to Danny/Stan a proposal on how we can trim our 2002 O&M and I'm not inclined to make such a pick. Lets talk about how we can redeploy our current resources to cover....I especially want to talk about how we pick use the accounting coordinators in an expanded role. corman-s,"Steve/Karen, I need for Mike to carry a Blackberry. Please advise on how to make this happy for Mike. Shelley Corman VP Gas" corman-s,"Kevin, Please call ASAP. While I have been working through the theory on how to make this happen, but I don't know the details on which pipelines and which accounts." corman-s,Thank you for your update. Our hearts are very heavy today for Rich and his family. corman-s,"Kevin/Rod - One line item on the TW counterparty revenue summary probably requires explanation. The report shows a net $4.2 million payment to PG&E for transportation. This is because PG&E released capacity at rates in excess of the maximum rate due TW -- thus PG&E was due a credit. This was not a liability to TW, as the other side of this capacity release is embedded in the revenues paid to TW by other counterparties." corman-s,"Thanks for the invite. Unfortunately, we have a customer meeting at South Shore Harbor that day. Hope you are doing well. I haven't made it home to a football game yet this year -- although I guess that has been a blessing. Shelley Corman" corman-s,"We will continue to schedule transactions with ENA and other Enron affiliates in a business as normal fashion. If ENA's supply is cut, then deliveries will be adjusted, just as we normally do. Bob Superty, Dir of ENA Gas Logistics has asked to be notified of any ENA supply cuts. I'm not talking about nits and nats that are part of the normal confirmation process, rather, I'm talking about if a confirming party refuses to confirm a block of ENA gas. We are notifying Bob as a courtesy and nothing about this added notice should hold up routine business processes. You can leave Bob a voice message at x 3-0957 or call me and I'll call Bob. In any event, I also would like to be briefed about any significant cuts in ENA or other Enron affiliate supply." corman-s,Alina's Dr. appt is at 10 in the medical center. We'll have to have her go first at the dentist in case the dentist appointment runs long? I was planning pasta for dinner. I am not going to the Bunco game until 7 PM. Chad should be in a really good mood -- since I put the treasure map in his lunch to find his post Stanford 9 Test present (Battletops) when he gets home. corman-s,"Jackie, I got the call to travel to Kazakhstan for the adoption and will be leaving next Thursday, Dec. 13. I will be in Kazakhstan over Christmas and hope to touch base with your daughter to see about the possibility of locating a Christmas eve worship. I think I've misplaced her email address. If you wouldn't mind, would you forward it to me again. Thanks and have a blessed holiday." corman-s,Wednesday will work best for me. Say 11:45 at the Daily Review? corman-s,Yes I can either meet you at noon or at 3 PM take your pick. I have to take the Kid's to a b-day party from 1:30-3PM -- Kim can watch them afterwards. I'd like to go to Neiman Marcus last call. corman-s,"If I understand the question, the answer is that we only have to seek approval for corporate changes to TW, the regulated entity. We would disclose entities above TW in the corp chain for informational purposes. FERC is interested for two reasons - to understnad that TW operates separately from its marketing affiliate and as part of determining TW,s capital structure and return in a rate case. ! -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,Thanks. If you could have Richard add the volumes in as columns into this schedule format that would be great. Rod needs this ASAP. Are you available to come by for a few minutes before staff meeting? I need to talk to you about a new round of due diligence and a conference call this afternoon. corman-s,"I'll try to attend this meeting if you need me. I have a CLE class out of the office from 12-2 today. But, I would like to dispel the suggestion that Jerry put together the spreadsheet for me. I'm very enthusiastic about the AR tools that Jerry & Jim have developed and I'm happy that the reports seem to also serve the needs of the finance folks, but I feel like I made it clear that the customer service reps (like Marion) that are on the front line of collecting monies are the main clients of Jerry's reports. If the tool needs to be modified to better meet their needs -- then it should be modified. I'm all for automation and less manual intervention." corman-s,Are you going to apply? -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Rita, I was recently quizzing payroll on why I received two W-2s (which sum in aggregate to my 12/31/01 payroll stub) when I thought had been employed by the same co. (366) all year. Her records indicated that you had entered a change during the year. Could you look into why I can listed as having worked for both Enron Operations Services Co & Enron Corp. in 2001? Shelley Corman" corman-s,"Ricki - would you please: 1. Make reservations at 11:45 on Thurs for Judy Johnson & I at Duck & Co in Hyatt 2. Set up a pre-meeting for Don Hawkins & I before our meeting with Rod tomorrow 3. Move my Wed. staff meeting to run from 10-11:30 (instead of 9-10). Since we no longer have a Wash office, I plan to watch the Commission meeting" corman-s,"Yes, please assure Galen of his need to recuperate. Will you send him a fruit basket from the group. How are you coming at getting Debbie Thompson or Blair or Larry Berger lined up?" corman-s,"Thanks for you voice message. I have been traveling the last couple days and thought Tim forwarded the memo & invoice on Monday. In reality, he was on a trip with some Gulf South folks & just returned to the office today. He sent the attached memo and invoice this morning. I was a bit off with my timing -- as September accounting close is tomorrow. Thanks again for your help in resolving this matter." corman-s,"Alma/Lisa, I need to know what the ramifications are of canceling/postponing tomorrow's party. What will lose? What have we not paid back?" corman-s,"Mr. Chad is sick today with a 102 fever. Kim stayed home this AM, but I have to relieve him and work from home this PM...so I need to reschedule lunch. I really need to talk to you though. Could you go for coffee or a quick dinner this evening on your way home assuming John is headed to Kingwood?" corman-s,"Liz, I'm not sure if we met either time at the Austin airport this summer. My husband and I hosted 4-year old Alina, part of the same Taraz group as your child. We miss her terribly and are counting the days until we can bring her home. We're certainly not looking forward to travel at this time, and even less happy about leaving our 6-year old son home while we are out of country, but we are resolved to bring Alina home -- the sooner, the better. Based on conversations with Ginger and Chris, it sounds like we may face the travel adventure at the same time -- although I'm not sure when. We have completed our dossier (although I haven't sent the originals to Ginger); completed our home study & sent into INS recently; and we've already done the INS fingerprinting. So I guess the next steps are INS approval, shipping stuff off to Kazakstan, and getting our Kazakstan visas. One of the hardest parts of the Kidsave program is not being able to communicate with the kids when they return. She is in the Ulan orphanage in Taraz. Alina speaks only Kazak, no Russian, so I'm not sure how I'd communicate with her long distance even if I had an address or phone number. Fortunately I have received periodic emails from Larissa, the escort that came to Houston with the children this summer. Her husband, Sergei, has been to visit the children in Taraz & she sent me a picture of Alina. Sorry to ramble so. I'm anxious to talk to you about your child, your travel plans, possibilities for hiring an escort, etc. Please feel free to call or email me anytime. Here is my contact info. Shelley Corman (husband Kim Erb) 14126 Scarborough Fair Houston TX 77077 scorman@enron.com (work) cormanerb@cs.com (home) 713-853-7083 (work) 281-531-0385 (home) 713-857-2103" corman-s,"Toby, Could you please take a look at the format of the outage postings. Maybe I'm going at this the wrong way, but when I try to pull up a specific outage posting, I always get a whole set of outage postings. For example when I try to pull up the chaim of postings related to the NNG MOPs 831 outage, I can't just pull up the specific posting, I also get other outages. Why can't each outage posting be its own document?" corman-s,Please verify that this is taken care of and that I do not need to have someone in my group work on this. Thanks. corman-s,I have rates and capacity utilization info ready. I'll call you whan I get to the office. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"We had 22 kids and 3 adult helpers. The kids were pretty wild. It wasn't one of our better days. Oh well! If it's okay with you, I'd like to take a week break next weekend. I need to be at an event downtown at 1 Pm and it would be nice not to rush. I will bring you the boom box and CDs with music suggestions. Would that be okay? Also, Stan is not available the third weekend in November so I have agreed to switch with him. He will teach Nov 11 (I will be there to help) and I will take Nov 18 (Kim promises that he will definitely be there)." corman-s,"Yes, I volunteered to continue to keep up the flower beds again this year. I was planning to pick up some flowers early Sat. morning at plant at the church. If you want to meet me there around 8:30 AM or so that would be great (but please don't feel obligated). I think we could get the planting done in about an hour. Congrats to you on your recent wedding. I am so thrilled for you both." corman-s,Too much partying yesterday -- so I didn't finish my homework. I'm still working on the slides and probably will be during the Commission meeting. So I'll send them to you by 10:30 AM of so. If you are available to edit them during a working lunch in my office let me know. corman-s,I'm concerned about the magnitude of the supply imbalance that we've built up again. Tim - are these numbers verified and up to date. Can I get a breakdown of the 1.5 Bcf and the 700 MMcf current month portion. It seems like we just worked down these balances in the fall and now we're building these balances back up again. If these supply imbalances are building up as a result of Phase V outages perhaps the payback gas use should be separately captured and recorded against the project. corman-s,This sounds fine. Please have my phone forwarded to Ava and provide her with my contact information. corman-s,"Bob, FYI. The statements about Transco not honoring EOL contracts doesn't make sense to me. I don't understand if they are saying that they are cutting supply or not honoring transportation nominations." corman-s,First worksheet show summary gross transportation revenue by counterparty for the 12 months ended 9/30/01. Total transport revenue is $180.6 million. Other worksheets show detail by contract and contract expiration dates. This information has been furnished to Kevin Howard. The only open question is how this data can be reconciled to financials. I spoke with Tracy this morning and she reflects gross operating revenues for TW for this period of $200 M. The difference is primarily fuel sales (which are not currently included in my numbers). corman-s,It's not final yet. I'll forward the latest copy that Jayshree sent me yesterday afternoon. I still need to check that all our comments were added. corman-s,Schedulers talking points on the separation of NNG/ENA 1. NNG and ENA are entirely separate entities and our businesses are run entirely separate from one another. 2. Customers may think that they can net ENA invoices against NNG invoices. NNG is a separate business and is not responsible for ENA invoices to their customers. 3. Should suppliers cut volumes for ENA; NNG will cut the market accordingly. 4. Creditworthiness status for ENA remains the responsibility of the Commercial Department. We are to maintain our normal course of business until instructed otherwise. corman-s,"Okay sounds like we are the first Taraz group and the Almaty group is before us. That is the group that she said is not traveling until Nov. 15. Sergei is the guide to both the Almaty group and to us. I am so much praying that we will be home before Dec. 15. On that date my nanny returns to Bolivia for Christmas and I will be lacking childcare for Chad at home. Wow this waiting is stressful. Based on current est. travel times, I think that we will both travel over. Kim will probably be the one to stay the two weeks, so that I can come home to tend to Chad & his obligations. We definitely don't want to leave Alina to come with an escort. But, the issue we still need to work through is the fact that Alina is still scared o Kim." corman-s,I have another meeting at 3. I'll join you late if I can. I'm just finishing up my comments on the NNG business plan and will forward shortly. This morning I discovered and forwarded to Teb/Rob the cases of several major pipelines (Trunkline & Texas Eastern) that converted to LLC status with no protests or conditions. These were unpublished letter orders so they don't turn up on a Westlaw search. Teb agrees that these provide a very straight forward road map for us. corman-s,"Sorry for the delay. My wallet and checkbook were stolen on Fr night & I spent all day yesterday getting things in order...after the thief charged $6000 on my credit and debit cards! Remember that conversation we had about 2001. I did little research on Compuserve and AOL. Both have acess numbers in Almaty Kazaknstan -- where I'll be at least 1 week of my journey. Looks like they both use the same access numbers and both charge a $6 connect fee. So I don't see the advantage of adding AOL -- unless you see something I don't. Here's the catch -- neither has service from Moscow. So I'll be out of lunch in Moscow unless I can find an alternative ISP. I'm at regional type hotels in Kazakstan. But, I'm staying at the Grand Marriott in Moscow. Surely they have some sort of ISP access. My current ISP is Compuserve. Mail address: cormanerb@cs.com ; User: cormanerb; password: chad4erb. I currently have version 5.0 loaded -- there is a 6.0 available but I haven't had a chance to download. My Enron password is also chad4erb. I'm at the house (281-531-0385) if you need any other info." corman-s,Skyline refers to added seasonality that NNG proposed to add to its rates. The rate case settlement represented a compromise approach to shifting more responsibity to the peak. So no we didn't implement Skyline as proposed and nothing is pending. I expect that NNG will make a new proposal to refect peak cost responsibility as part of the next rate case -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Just got off the phone with Jennie and I know you already talked to her. My direct flight tomorrow cleared so I plan on taking it. I will pray really hard that you can join me on the 20th & then we can spend some of our waiting time together. corman-s,"I know that the long term solution rests with Charlie Thompson. But, Caroline, I'm frankly shocked at GMS seeming lack of concern for the seriousness of this situation. I have serious leadership questions about a group that could continue to receive charts in after the 5th of the month (on ALL 16 charts!) and continue to just file these reports without ever even looking at them or making corrections. When ask why they never raised the issue or brought it to management's attention, their response is that this is the way we've done things for 20 years. I'd like to visit with you about the leadership and direction of the GMS group. No problem with measurement data is ever GMS responsibility -- its always someone elses fault -- the field didn't get the info in in time, the OMV wasn't received, the system doesn't work....What is the level of service that GMS is accountable for. Please understand that this criticism is not directed to you. I'd just like a chance to brainstorm with you one on one about how we ever have this group enter the 21st century with the rest of us -- befort Dave Neubauer raises his frustrations to the highest levels of ETS." corman-s,Thanks for your information and words of reassurance. Here is my email address: work shelley.corman@enron.com home corman-s,"Ladies, The Holiday Shopping Card is a wonderful holiday tradition. The card entitles the holder to a 20% discount from November 1-November 11 at a range of stores throughout town such as Berings, Macy's, Events, Harold Powell, Banana Republic, Tootsies, JoAnn's, Williams Sonoma, Pottery Barn, Richards Liquors, Children's Collection, Talbots Kids, Zainy Brainy and many, many more. The cards are available for $60. The entire $60 goes to the American Cancer Society and is tax-deductible. Checks and credit cards are accepted. Please contact Kimberly Nelson at x33580 if you'd like to purchase a Holiday Card and start your holiday shopping early and benefit a great cause at the same time." corman-s,"Peggy, Your email notice was timely as I was just thinking about you. I have wanted to congratulate you on your promotion. I am so happy for you. I find it validating, especially at this time at Enron, to know that good things do happen to good people. Give me a call if you can ever break free for lunch. I would like to catch up with you on business matters, and more importantly, on international adoptions. I know that you have already navigated these waters and I am looking forward to travel to Kazakhstan to adopt a little girl." corman-s,"Greg, Typically I sign all these EDI trading partner agreements with Lee Huber's initials. Can we get the proper agency/delegations in place so that I can continue to sign without further ado so long as the agreements are identical to the GISB standard agreement. We can put in place a separate procedure for any non-standard TPAs?" corman-s,"Galen/Jim, Thanks for the info. I have been building spreadsheet cases all day. FYI - majority/minority isn't driven by the number of shippers, its driven by the volume. I made the appropriate changes on Galen's spreadsheet. A couple of further things that I need: - I need to reconcile the net volume on Galen's sheet by month with the net cash out volumes on Jim's sheet. There are huge differences. Can these really all be receipt imbalances? Galen for the months Aug 00-Jul 01 can you break out receipt imbalances from market imbalances. We are only planning to put the majority/minority pricing on the market area imbalances. Let me know if you guys want to sit down and talk through this. I need to get Teb my final analysis by the end of the week." corman-s,Would one of be able to email this gentleman. He called me again this morning looking for information on connecting a well to Northern. corman-s,"Joceyln, I've had a change in my schedule today and I won't drop off the check in person. I deposited the Enron check in my bank account this am on my way to work (to make sure I get the cash before any bankruptcy filing) and will have a personal check couriered over to your office. Unless you instruct otherwise, I will make the check out to Salomon Smith Barney and put the caption FBO Shelley Corman in the Memo line of check. Let me know if an account number should appear on the check." corman-s,"Per Jan's recent Commission meeting summary I just noticed the Commission had added a discussion item on OFOs. They didn't get to this at yesterday's meeting, but will take up on Oct. 11. Help Joe -- what is this about? Is there some possibility of the FERC curbing our ability to use OFOs? This is an absolutely critical tool for us to keep -- even though we seldom use. Where/when can we make our case. RE: G-33. DOCKET# GX01-1 000 Discussion of Gas Pipeline Operational Flow" corman-s,My preference is to send out the notice as a Staff Meeting w/ Halloween Snacks. I'd rather it be just us for this meeting. corman-s,"Don, I would like to see the following notations added to the Gas Logistics CAPEX page to fully reflect the discussion and agreement. With respect to the specific project listed: 1. Gas Logistics is authorized to proceed with 4 Discretionary projects, including the three gas control network/security upgrades that you have listed and also the blanket desktop replacement project ($19,000) (omitted from your listing). No further written proposal is required by Dynegy and restated capital budget will constitute the written authorization to proceed with these projects. With respect to Footnote 2. I believe the description below more precisely reflects our discussion: 2. Dynegy requested and Enron agreed that NNG will not be charged any additional amounts for the Base Contract System through June 30, 2002, UNLESS Dynegy authorizes Enron to begin work on the customization and implementation of the NNG contract system prior to June 30, 2002. To the extent that Enron is not directed to begin work on the customization of the base contract system for NNG prior to June 30, 2002, it is understood that the implementation date of the NNG contract system will be impacted. 3. Dynegy requested and Enron agreed that NNG will not be charged any additional amounts for the Base Rates and Revenue System through June 30, 2002. An additional footnote should be added to the page. 4. The 2002 Capital Budget does not currently authorize the system modifications that will be necessary to implement NNG's Order 637 filing/revised filing provisions or GISB changes. Dynegy and Enron will need to mutually agree whether to commence work on these modifications to meet filing commitments or expected FERC requirements." corman-s,Sorry but I'm hostage in. Meeting in 39c1. I'll catch up wti you tomorrow. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Sorry but I don't have an isolated power plant capex number. In the NNG commercial folks original budget they forcasted $1.2 M revenue growth from $25 million 2002 Capital. So my thought is that if you have already included maintenance capital = depreciation, then $25 million capital includes market area expansion as well as power plant growth." corman-s,"I forgot to send the address list before we left for Austin. I'll give it to you tomorrow. Alina, Chad and I will meet you and Miss B tomorrow at 1:30 at T and C Starbucks. Then we can go to Zainy Brainy. How long can you guys shop? I have some gift certificates for Ann T, Gap and Gymboree. What is the shower at Patsy's for? When do you have to be there? Kim has to travel to Indonesia on business Feb 8 to Feb 19. -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,Thanks. Please send a note to the gas controllers that we will be having a staff corman-s,Is the system running ok this morning? -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,I'll await Mike's email. Thanks. corman-s,Ditto Happy Birthday From Me Too! Was I the first D-In-Law to wish you Happy Birthday? corman-s,"Corp Security did a quick audit today of the Gas Control Center on EB42 and made several recommendations of some steps we should take prior to some of the expected workforce changes next week. 1) Tighten control of access to the Gas Control facilities - They recommended reducing access to a single door and posting a guard for the next week or so. - They recommended reviewing the card access lists for the secure doors and reducing to critical staff only. We have arranged for a guard beginning Monday morning. Access to Gas Control will be through the South hallway and door only. Exit, except for emergencies, will be limited to the South door as well. The guard will be checking everyones card prior to entry. We have reviewed the card access lists for all secure doors and removed everyone except Gas Logistics and IT support staff. We have disabled access into Gas Control on all doors except the South door. We have cancelled all scheduled meetings and presentations scheduled for the Gas Control Presentation Center (EB42C1). 2) Isolate the Gas Control Network environment - disconnect our network from the Corporate backbone We DO NOT intend to Isolate Gas Control until events dictate that we should. We are taking steps to be prepared to isolate, while minimizing the impact to the Gas Control SCADA system, the TMS system, and PGAS. On Monday we will also configure the Hangar to support temporary operation of the Gas Control and other Gas Logistics business functions. Two conference rooms and the break room will be configured with phones, network connections, and workstations. They will be configured to support up to 60 staff. The minimum staffing requirements for the Hangar to support the Gas Control and Gas Logistics functions,as currently defined, is 35 staff. The Hangar will be left configured for approximately two weeks, depending on events." corman-s,"Thank you for your thoughts. I am fine. Our pipeline companies were not included in the bankruptcy petition and we are continuing operations normally. While these have certainly been stressful times and a sad day for the many Enron employees that lost their jobs today, we have not had any workforce reductions in our area. It's a little lonely in the building and I have to make sure to put my lipstick on before I go down to the lobby to face all the TV cameras camped out down there!" corman-s,"Fran, I need to straighten out a few personal payroll matters before I leave town on Thursday. I was able to revise my bank deposit instructions on ERonline (my wallet was stolen over the weekend and I had to change bank accounts). I was also able to adjust my EFCU deductions. I am unable to complete the following changes online and I'm hoping that you can help me work these issues: - Stop PAC contributions - Stop Savings Bond automatic purchases - Stop 2002 United Way deduct. I had selected to make one time contribution in Feb (around bonus time). My plans are to stop the automatic deduct and have the United Way bill me directly instead. Thanks in advance for your help." corman-s,"Hi, Sorry I didn't get back to you yesterday. Chad had soccer practice last night & I have something I must do tonight. I'm taking the day off tomorrow. Would there be a good time to visit tomorrow? When is Tom home from school - so he and Chad could play. Or, if you'd rather, I'd be happy to sit with Kathleen or the kids anytime this weekend. Two other items when you get a chance: -Are you still selling Nutcraker tickets? I can't recall the date. -Are you still interested in me selling Shopping Cards at Enron. I need to reserve dates/table space in lobby. Hope all is well." corman-s,Okay - so I see that it's Orlando Cogen (not Orange). I'm unclear what the relationship is with El Paso. Do they own 100% of Orlando Cogen? Are they the designee? Have they sent correspondence to us that El Paso is now owner or contact party for this contract? corman-s,I'm fine with not having Children's Church Palm Sunday -- recognizing that we won't have CC for 3 weeks then. I'll adjust the curriculum notes accordingly and we'll pick up with Children's Church on April 14. corman-s,"Donna, Here is the draft written performance review that I prepared while I was traveling. I would be happy to sit down and discuss with you in person at your convenience." corman-s,"I am looking for a way to assist a co-worker that is under stress with a wife with health problems, a baby and two other children at home. I am interested in getting details about how I might pre-pay for a two-week personal chef service. Could you give me a quote on two-week service to this family located in the Copperfield area? Could the gift recipient select the menu items? Shelley Corman" corman-s,"Jennie, I made it home last night, but have been unsuccessful in resolving Kim & Alina's travel arrangements. I have only been able to get the answering machine at your office this morning. I need to get Kim & Alina on flights home on Wed. Jan 9. My current thinking is that it may be better to take a refund on the Lufthansa return tickets (since the Moscow Lufthansa office doesn't want to reissue) and to instead prepay tickets home for them on a flight path that only requires one change ? Please advise Shelley Corman 713-853-7083" corman-s,Don - I never heard anything back. Is everyone ok with these clarifications? corman-s,Jayshree - give me a call this afternoon at your convenience. I've fact checked the IM and have a couple of questions for you and some language suggestions. corman-s,"I just listened to the presentation on the GISB final rule on intraday recalls. The final rule requires pipelines to support intraday recalls and allow the recalling shipper to nominate at each nomination cycle, but the implementation of the rule will be in two phases: 1. By May 2002, pipelines must file tariff revisions to be effective July 2002 to permit recalls at the evening cycle or for capacity which was not being used by the replacement shipper. 2. With respect to recalls during the flowing gas day, the Commission directs NAESB (GISB) to file comments by October 2002 on how these recalls should be accommodated, with reply comments by October 15. Commissioner Massey noted that some parties claimed the new rule would undercut reliability. Staff responded that if a shipper is worried about partial day recallability, then they should buy capacity release packages that are not designated as partial day recallable. The releasing shipper can decide whether to offer the space with partial day recall rights or not. The discussion of the order seems to be in step with ETS pipeline 637 proposals to only allow intraday capacity release/recall at the timely and evening cycles at this time and say that we would need to build additional validations and need more time if required to allow recalls during the flowing gas day. The fact that comments aren't even being filed on phase 2 until Oct. -- I think we're safe to assume that this phase won't be implemented until 2003." corman-s,Caroline - Would you be amenable to renaming your weekly report? There is some confusion that this report is the Gas Logistics report. Thanks for your help. corman-s,Sorry I missed you today. Looking forward to lunch tomorrow. Will 11:45 at La Grilia suit you? Have fun at your event tonight. Also - mea culpa. I just replaced my daytimer calendar for 2002 and realized that I missed Matt's birthday. I hope that wasn't the day we were all over at your house. Oops. Wish Matt a belated greeting on us and of course congrats on his promotion. See you tomorrow. corman-s,Yes Thank You - The Home Study arrived yesterday in the mail and I'm shipping it off to the INS today. I just go back in town last night from a business trip and am anxious to Liz today. corman-s,"Both Kim's parents & my mom will be at the house on Christmas eve/Christmas day -- so I think they'll eat their Christmas meal at our house. I'm sure that Kim, Chad, Mom and Nevin would appreciate a Christmas evening dessert invite. You can coordinate when you see them for Mexican food on Sat. night. Have fun at the violin concert." corman-s,"Can you send me the latest version? Also, I am expecting to shortly have the power plant numbers to add for the 1 market and 1 southend power plant per year based on actual annualized revenues from a recent market power plan (Great River) and southend (PowerTex)." corman-s,"I had Kim run down to my office to sign the revised letter and so I can fedex tonight. I am so bummed about Jan. travel date and not having Alina for Christmas. Is this for sure? Was she speaking just about me or was she saying Jan 1 for you too? Why Jan 1? If there holidays are Dec 30-Jan 1, then why shouldn't we set out to travel around then, so we could have our court date the first days after their holidays? Sorry for all the venting!" corman-s,"April 20, 2001 Maintenance of Houston, Inc. 6220 West Park, Suite 106 Houston, TX 77057 Dear Mr. _____________, By prior correspondence dated ______, we notified you that we you were notified of Ashford United Methodist Church's concern over the proEarlier this year AMaintenance of Houston currently provides janitorial service to Ashford United Methodist Church and Ashford Child Enrichment Center under a month to month contract. Under this arrangement, Maintenance of Houston provides an on-site janitor. In our initial correspondence soliciting janitorial service bids, we explained that our facility is used as a school during the week. We explained the importance from a security perspective of minimizing the number of different people that have access to the facility. We also asked Maintenance of Houston to provide documentation of employee screening procedures. It has recently come to our attention that Maintenance of Houston has not furnished employee screening documentation for the individual that Maintenance of Houston currently has assigned to our facility. It is our policy to request criminal background information for any contractor that is in our facility during school hours. Please furnish such employee screening information to us by April 30, 2001. To the extent Maintenance of Houston is unable to provide documentation for the current individual assigned to our facility or furnish another individual that does have appropriate documentation by April 30, 2001, we are hereby providing notice of our intent to terminate the month to month agreement effective May 31, 2001." corman-s,Thanks. I'll keep you posted. corman-s,Any chance of doing the one penny test with the credit departments of the top couple of customers. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Brad, Attached are the written comments that I prepared while I was traveling. Let me know when you would like to sit down and talk both about 2001 and directions for 2002." corman-s,Thanks. Don't know how that happened. I'll call you when I get downstairs tomorrow am. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Please forward this letter & invoice to GulfSouth. I am sending an email copy to Claire. corman-s,"Yes. Please add Tami Head, Barbara Bakanic & Maggie Van Syckle if its not too many. The offer is still open for you and Linda to host at my house if you would like. Here is Gaby's address: Gaby Paniagua 13014 Leader #937 Houston, TX" corman-s,Great. Thanks again for going out of your way to meet Alina and join in the party welcoming her. You're the best! corman-s,"Hi Mom, Chad just loves his apple checkboard. Thanks again for it. I am still feeling sick. Last week my Dr. told me its just allergies/asthma, but I'm still feeling puny. I trying to get in to see if I have a touch of bronchitis or something. I'm going to forward this little list while I'm thinking of it. Ordinarily, I'm not one of those people that believes in giving people a gift wish list. It seems kind of rude and presumptious. However, given that we may be traveling in the November-December time frame and unable to field the normal questions I receive about what Mr. Chad is into -- I thought I'd provide this list: Things Chad Says He Wants for Christmas (That Santa isn't bringing) if anyone asks -- not he should expect to get these items (since some cost more than $20) -Harry Potter Game for Computer (MS-Windows) (more expensive item) -Backyard Football Game for Computer (MS-Windows) -Harry Potter Trading Cards -Video or DVD of ""Cats and Dogs"" -Harry Potter Snapes Potion Kit (More expensive item) -Ultra Grip Nerf Football Incidentally, Chad is asking Santa for the Harry Potter Legos Set, a Levitating Game and an Air Snare Drum Game. More Later" corman-s,I haven't visited with Stan lately. Why do you ask? I know he has a lot going and doesn't have the crystal ball that I and others are looking for. I'll try to sit Down with him next week. I'm not planning on doing anything this week. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,That must be frustrating. I've asked HR to address this problem. corman-s,"Ann, Per Rod Hayslett, you are able to process changes to list B to accommodate instances in which Dynegy & ETS can agree on the specific assignment of an individual. Craig Buehler and Esther DaSilva are both currently company 179 employees. We moved both of these individuals to list C because we anticipated that one of the two might need to stay to support deal capture/contracts/data requests for TW. Craig Buehler has subsequently indicated his plans to leave the company if he is not assigned to list B. Dave Neubauer has requested that Craig be moved to list B and both Rick Dietz (Craig's immediate supervisor) and I are in agreement. And, if we agree to move Craig to list B, we need to make the same accommodation for Esther DaSilva. Dave Neubauer is in agreement with this revision as well. Accordingly, please move Craig Buehler and Esther DaSilva from List C to List B. FYI - we will use another contract position vacancy to cover TW deal capture/contracts/data requests if deemed necessary. Thanks" corman-s,"Pam, Thanks for all your help on the move/relocation. I think you, Donna Scott & Jean McFarland have made the process of moving very efficient for all involved. On the longer range issue; however, I need to elevate my level of concern that the moves are having on customer service issues. Since Tropical Storm Allison, ETS has experienced one computer system outage after another; including the virus problem the week before last. This morning our scheduling system is out and we are having Internet problems -- both of which are impacting customer nominations. During system outages it is imperative that gas logistics be able to mobilize and implement back-up plans to ensure customer transactions. This is best handled by having a central staging area. I realize these system reliablity problems have nothing to do with our moves or with the ultimate location of the Gas Logistics group. Certainly I am pursuing these reliability concerns with Steve Hotte. But, in light of these issues, I would like to talk about the timing & end state of where Gas Logistics is to be located and how long it is going to take to make this happen. I know that your first priority of late has been to get us off 41. Now that that has happened, I'd like to talk about the timing for which floor remodeling comes next (39, 42, etc) and the ramifications for my group." corman-s,"Great Rosemary, I'm so slow in thanking you for the lovely party. You are the best. My sister will be here for our lunch on Monday too. We're going to be out shopping that day." corman-s,Hi. Thanks for the info. corman-s,"I thought you'd get a chuckle out of the email below -- especially the part where he copied Stan. This is some unsolicited feedback I received on the presentation I gave to Phil's staff. I'm not quite sure what to make of the fact that he was ""sold"" on my seriousness. Evidentally there was some issue......" corman-s,"Here is 1997-2000 TW Transportation Revenue by Contract, Sorted by Contract Expiration Date. To get a breakdown of long-term/short-term, for each year I would include contracts that expire within the next year & IT as short term, with the remainder as LT. For example, for 1997, I'd say that the revenues from contracts that expire on or before 12/31/98 + IT make up the short term revenues." corman-s,Ricki - Jean has been terrific in handling half a dozen emergencies this summer and the move logistics. I would like to give her a gift from the gas logisitics team. Should we send her flowers or do you have any other ideas? corman-s,Please feel free to give me a call anytime. Work is better. Home is still kind of crazy! corman-s,I can do any of these dates. If we go to lunch on Feb 19 -- then my sister will be along with us. corman-s,"I talked to Ginger this morning. She received my dossier and is sending it for translation. She said she will be at Chris Ivins today reviewing dossiers. She also said that there is a possible change in document requirements that would require that certain documents be ""apostilled"" in Austin. I asked Ginger to send you the picture of Oksana. She said that she thought she had already had. She said she left you a voice message & would try to call you again later." corman-s,"Terrific. I called to let Kim know. They will be leaving in just a few hours. One last item. Can you make them a reservation on this flight. Kim will purchase the tickets at the Dallas Airport. Flight: Continental Airlines flight 1662 on a McDonnell Douglas MD80 Jet - non-stop Depart: Dallas/Ft Worth, TX (DFW) - Wed, Jan 09 at 4:40pm Arrive: Houston, TX Bush (IAH) - Wed, Jan 09 at" corman-s,"It's been canceled. There were no unauthorized withdrawals. It very well may be in the pocket of one of my blazers at home, but I didn't want to take any chances. It's inactivated & I'll have to go to the local branch if I want a new ATM card with non-debit features. The automated service only offers replacement cards with debit features." corman-s,"John - As promised, albeit a week late - ETS Communication Budget for 2001 & 2002. 2002 Plan 2001 Plan 2001 Plan vs" corman-s,"Suzanne, Hope you are doing well. Any update on when Gwyn will sign and forward the homestudy? I was hoping that I might be in a position to forward to the INS later this week. I have all completed the rest of my dossier and am now focused on INS approval. Shelley Corman" corman-s,"Caroline, I'll have to do this by phone with you. Chad is sick. Kim stayed home this AM, but I'm planning to work from home this afternoon." corman-s,"Jeffri, I have received the revised W-2 forms from Enron that increases my reported income to reflect my non-eligibility to participate in the dependent daycare spending accounts. (See letter in the package of information that I previously delivered to you). Evidently Enron failed the test for providing dependent day care benefits to highly compensated employees. I will fedex the revised W-2 forms to you. I would like to set up a date (perhaps over the lunch hour one day) to meet at your office to review my return and to discuss alternatives for the second home (either rental or sale to my mother and/or her fianc?). Shelley Corman 713-853-7083" corman-s,"Rick, When I was approving latest expense report I noticed an item listed Gulfstream project (lunch with Keith Higginbotham). I have been working on Gulfstream OBA & interconnect agreement with Frazier/Dot/ Sharon for several weeks. I didn't realize that you were working on Gulfstream items too. What is your team working on on Gulfstream? Also can I get a copy of the revised contract quick reference manual. I think I had the outdated one prior to the latest printing. Thanks" corman-s,"Pressure to finish my review! My husband is in Indonesia on business, so don't be surprised if I reply in the middle of the night when kids are asleep and I can concentrate -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,Perhaps this can help with the non-Red Rock piece. This spreadsheet takes current rates and multiples out against MDQ for 2002. It also show billing units through 2005. I have reconciled this schedule with Jan Moore and Lindy corman-s,Thanks for your leadership on this issue. The commercial staff has been very concerned about the lack of daily data and I haven't made much headway with the GMS folks. I'm glad you are involved! I will be traveling out of the country next week. Others from my staff will attend and I'll catch up when I return. Happy Holidays Shelley -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"That's so sweet. Sorry our time on the phone was short this morning. As you well know, 6:50 AM is chaos at our house! My sister is coming this weekend. She arrives on Sat. at 11 AM and leaves on Tues. Since you get home late Sat, I am anticipating that you'll want to sleep on Sunday. Sunday afternoon we are going to Mary Beth Schatzman's birthday party at a Mexican restaurant. Sunday morning the kids choir sings. Last night the Kudla's came over and we ate take-out. Christopher broke one of the plates on the wall in the dining room and was very active. I was pretty tired by the time I got everyone to bed. Work is very stressful this week. Tonight we are going to try to make it to Karate and we have to write out everyone's Valentine's cards. I love you too." corman-s,"Thanks for your message. I returned home on Monday, but Kim and Alina are in the air right now and will arrive home tonight. Please let me know about your availability for an appoint Thurs. Jan 10 (PM) Fri Jan 11 Mon Jan 14 (PM) Tues, Jan 15 or Wed, Jan 16. Thanks Shelley Corman 713-853-7083" corman-s,I am getting home early. We are supposed to land at 3 pm. Love you . -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Ha Ha - We have no busy schedule. We are just trying to do exciting things like making it to work each day. Feb. 9 is fine. Of course you have so kindly showered Alina with gifts that she isn't in need of much. corman-s,Florida is great. We have been on the go all day and its been after business hours when I've gotten back to the house so I didn't get to talk to you. But I have been reading my emails along the way and know about all the meetings next week. And we can send out an email on our staff meeting on Monday. Disney was great and I've been to 8 baseball games. Today we're going to an Astros practice and then we catch our flight home. See you Monday -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Kevin, Per my phonemail message, attached is a summary of Oct 2000-Sept 2001 Transwestern transportation & storage revenues by counterparty. Shelley Corman" corman-s,Thanks. You are the best! corman-s,I am out of town on business tonight. I saw you called but thought it is probably too late to reply. Yes I would like to attend the conference and would love to get together while you are in town. I will give you a call tomorrow night when I get back to town. I didn't hear from Ginger this week. I did talk to Connie the travel broker and she said that she was just holding our visa stuff pending instructions from Chris Ivins. Suzanne emailed me that Randi Thompson the head of Kidsave is in Kazakstan right now and will be sending out an email to the Kidsave families. corman-s,"I am looking for a way to assist a co-worker that is under stress with a wife with health problems, a baby and two other children at home. I am interested in getting details about how I might pre-pay for a two-week personal chef service. Could you give me a quote on two-week service to this family located in the Copperfield area? Would you deliver the pre-made meals to the home? Could the gift recipient select the menu items? Shelley Corman" corman-s,Either Galen or Jim Studebaker. I'll check with Sheila. corman-s,"Christi - here is the plaintiff malpractice reference from Cyndi. Rick used to work with Cindy at Full bright and recently formed his own firm. I know him and he's a great guy. Rick A. Eckerson Sydow, Kormanik, Carrigan & Eckerson, L.L.P. 1111 Bagby Suite 4650 Houston, Texas 77002 713-654-8100 713-654-9353 (direct) 713-752-2199 (fax)" corman-s,I'm confused how this fits in with the projects that we recently had Dynegy approve. Is this one of the discretionary network upgrade projects that they agreed to support? Or one of the other discretionary projects that we didn't have funding for before 6/30/02 anyway? corman-s,What a nice note. I hope you are feeling better. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Hi Sherene, Mom forwarded a note that you were looking for Chad suggestions. He is into anything about rocks, Harry Potter, or of course his all time favorite -- baseball. I'm leaving for Kazakhstan tomorrow, so I didn't have time to ask for gift lists for your guys. Chad helped me pick out some items -- that I hope they'll like. Believe me, you will see the Chad influence when you open the items. A box is on its way to you. Have a blessed holiday. Love" corman-s,Here is my mark-up. Please make sure that it is factually correct. corman-s,"I'm planning on heading out the office around 3 PM or so. Feel free to send home staff as business needs permit. I'm not planning on sending out any kind of notice to all Gas Logistics -- as I feel like it is frustrating to those that must stay. Have a safe and happy holiday. I'll be in Austin tomorrow & Friday, so call me on my cell (713-857-2103) or email me if you need me. In case of emergency, I can be reached at my brother-in-law's house in Austin at 512-474-5631." corman-s,"This is the message I'm getting when I try to access the FERC website. Shelley Corman Enron 713-853-7083 Internal Server Error The server encountered an internal error or misconfiguration and was unable to complete your request. Please contact the server administrator, nancyh@gmu.edu and inform them of the time the error occurred, and anything you might have done that may have caused the error. More information about this error may be available in the server error log. Apache/1.3.19 Server at www.gmu.edu Port" corman-s,"I know you were being nice and I am sorry. I really can't put into words how it feels to get out of bed in the morning right now. It takes me 1/2 hour to get myself together. I shouldn't have been so mean to you. I know you were being nice. I know this isn't a reasonable request, but these aren't reasonable times -- I just need some space when I'm getting ready in the morning. The heat and the fact that I couldn't have coffee this morning just put me over the edge. My physical was ok. Listen to this, because they are a preventive medicine shop he can't prescribe antibiotics. So then, I couldn't get my travel vaccines, until I find out whether I have a sinus infection and need to be on antibiotics. Am I just dreaming these last few months or is this really my life?" corman-s,Now I'm back at my desk. I think we've finally found the right tool for you to stay constantly in touch with me. corman-s,Have a great trip. I'll be thinking of you. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Hi Cyndi, Chad does not have soccer practice tonight so we are free to meet for dinner pretty much anytime. I know you are trying to tie up loose ends at the office and I could stand to work a little late tonight. How does 7 PM at Cafe Express sound? Kim, can you pick up Chad and meet me there? Gaby says she may take Chad to Lucas later this afternoon. Please pay Gaby if you see her -- as I have given her the day off tomorrow." corman-s,"Hi Becky, I'm thinking of you. Cynthia Corcoran called today to see if I knew anyone interested in doing regulatory work. I thought of you right away and Cynthia was enthusiastic, but didn't want to violate your privacy by giving out your email address. She can be reached at 713-533-9180 or I can give her your contact info if you prefer." corman-s,I am avialable tomorrow afternoon. Will 2 PM ET work for you? Will you call me or should I call you? -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Thanks looks good. I guess I just have a chip on my shoulder these days about being relegated to the world of details! corman-s,"How did you make sure it was the right set? Will it be delivered? I,m so excited. This will make my week. -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,Sorry we were unable to have a staff meeting this morning. I would like to have a brief (1 hr) staff meeting tomorrow or Friday instead. Please let Ricki know about your availability. I will be out of the office next Tuesday morning. In my absence I have asked Mike Bryant to sit in on Stan's staff meeting and Steve January to sit in on Dan Dienstbier's meeting (both moved to Tues. due to President's Day holiday). Please see that the normal Monday morning updates are set to these folks. Lynn will compile the NNG Gas Logistics bullets and send to Drew/Emily Sellers. Donna Scott will compile similar style weekly bullets for FGT/TW/ETS. Donna check with Toby regarding the proper posting of these bullets. corman-s,Thanks Gary. This is an excellent plan. corman-s,I already had Donna prepare a revised budget with people assigned directly to pipes and no cross pipe allocations. It is rough still -- but looks like we can stay within budget for each pipe. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,I worked on the grade level promtion. I didn't know what her new title was supposed to be. Lynn chcecked with Fran and she told her coordinator. So I guess we'll have to check back in with Fran -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"A couple of thoughts on the SoCalGas Complaint 1. Perhaps you will want to emphasize this as being a computer system programming mistake -- not a billing mistake. The point would be to distinquish that its not like someone sat down to bill SoCalGas, read the Global Settlement and agreed with SoCalGas' interpretation of how to bill this. The point would be to show that we made a mistake in putting the computer programming in-place to handle this. 2. I don't think the GISB 6-mo limitation went into effect until 4/97 -- so arguably it doesn't address this issue. Nevertheless, I agree with the mistake language. The GISB transcript excerpts that I clipped for Dari & Chris Sebesta for the IES dispute would be germaine (i.e. GISB didn't intend to bar mistakes ). 3. There is a FERC case that you might want to also cite for the concept of the equity of correcting past mistakes. Transco discovered an error in their fuel calculation that was many years old. FERC let them re-bill customers for something like $13 million dollars of undercharges. I think this is a 2000 case." corman-s,Sherry called Kim the other night to see if he would run for the HOA. Surely there must be more to this. Why wouldn't the HOA pay their bills? I'll have to ask Joe Carrabba tonight. corman-s,"Hi Ginger & Chris, Hope you are doing well. Just wanted to check in and make sure that you received the notarized copies of my INS approval. When I spoke with Ginger a few days ago, she said that she thought we would travel 10 days or so after the Almaty group, probably in late November. After I get off the phone I always think of questions I should have asked. Since my questions are not critical, but process in nature, I thought I'd drop an email. I am unclear about the steps that need to happen between now and travel. How long does translation take? What happens after that? When is the dossier sent to Kazakstan? Typically, how much notice are people given of their Kazak court date? I would also like to get your views on the likelihood of the process slipping such that our travel would fall over the Christmas holiday -- as that would present some childcare concerns for me back in Houston. Sorry for so many questions. I know that you are both very busy and I know that patience is definitely in order with this process. I am just so very new to this international adoption process and want to make certain that I am realistic about the steps involved. Shelley Corman" corman-s,Does Fri at 10 work for you? I may be in tomorrow too after I make sure Alina won't freak out with the babysitter. Next week sounds fine for vacation. I wasn't able to use the global phone in Kazakhstan. But a friend recently rented one and used in Europe. The neat thing is that you use you're reg cell number. Playdate sounds great Talk to you tomorrow. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,I now have another meeting over the lunch hour. Perhaps another day this week? corman-s,"Jeffri, I recently received a Schedule K-1 form from SSB. I sending you an overnight package with the form to add to my other tax materials. Thanks Shelley Corman" corman-s,"Hi. Sorry we missed rehearsal Sunday, but we are definitely still ""transitioning."" We will be out of town on Sunday morning at a family gathering and will not be in church to sing. We will be at choir practice Sunday evening. I'll look for March and April songs for the Cherubs. The videotape of the Christmas program is cute. Maybe we can find a time to watch it." corman-s,"Thanks. I won't be home until 6. Have meeting ,. Will call when I leave -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,Sorry I'm so slow in getting back with you on your suggestion. Nothing moves fast in the world of bankruptcy. Before I left to go out of the country we had put together a proposal to the bankruptcy court to buy computers -- per Donna's note below the bankruptcy court hasn't acted on it yet. I'll let you know if I hear of any opportunity for employees to buy computers. corman-s,Jennie - This looks okay if I wait for my husband or Liz to go on the 20th -- although I think the return would need to be extended a day or so. Could you also see about if I am traveling alone and wanted to change my ticket to leave Sat. I was searching the Internet and it looks like the Lufthansa flight is still available on Sat. I need to make some quick decisions about what I'm doing tomorrow. corman-s,I can make that work for Chad if that is when Drew is available. I assume you are talking about Wk of June 24? corman-s,"Andy - I may join by phone, depending on logistics this afternoon. I'll let you know." corman-s,It's been a few days now since ENA dropped their gas supply from ENA from 250M down to approx 75-85M and FPL has settled into a pattern of how it is replacing the ENA gas and still keeping its nominations at 800M. Here is a quick snapshot of where FPL is sourcing there gas from: ENA 85 Exxon 35 SNG 48 Destin 92 Western Gas 30 Dynegy 40 Oneok 25 BP Amoco 153 El Paso 96 Aquila 20 Duke 26 Coral 20 Cinergy 20 Sempra 25 Bridgeline 15 National Energy 15 Delivered Gas: FGU 15 Reliant 31 Energy Authority 7 NUI 30 Total FPL Supply 828 Less: FPL Energy Services 21 Total FPL Deliveries 807 (774 Firm + corman-s,"Please plan to get together tomorrow, March 20 from 3-4 PM in 39C1 for a staff meeting. We can talk about the new Enron severance policy, the return of the personal best award program or anything else that is on your mind. If you have issues that you know that you would like me to address please drop me an email today so that I can do some research and be better prepared to answer your questions." corman-s,"Letter looks good. Just a few thoughts: - In addition to the categories of feedback and promise to work on these areas, should we provide a list of specific things that we have done? - Should we attach the first round of FAQ that matches questions from the meeting? Instead of referring to the ETS directors - lets put Lynn, Steve and your phone numbers in the letter?" corman-s,I'm back. I was gone all of two minutes. I needed a bathroom break. I figured out that the straw was simply the 2 or 3 issue and so I didn't bother to chime in when I returned. corman-s,"I have heard back from Danny and he wants us to cancel the event. Get whatever money back you can & see if we can forgo any other current payments by postponing the event until next year, rather than canceling." corman-s,I heard. I'm just pulling intop garage and will call back in a minute -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"I think we expected it. The ALJ said he need more time for his decision. On a positive note, it gives the parties more time to discuss" corman-s,What does this mean?????? Will it affect my Blackberry? Will it affect the ability to check email at http:\\mail.enron.com? corman-s,"Kent, I can get together on Tues. at 1:30. I certainly want to make this report as useful as possible. But, in some regards I feel like I failed my group in not memorializing the notes from our Omaha meeting on the specific changes that we agreed as a group to make to the report. I have kept Dale in a state of fiddling with this report for two months now. For example, my notes from our meeting reflect the fact that we decided against trend information. I am certainly willing to change that decision if you guys collectively agree. Have you considered whether we need different types of reports rather than try to accomplish all on this page. The purpose of the current page is for gas logistics to report on what is happening on the system (i.e. how the physical world is tracking to the paper world). We need to run through this exercise from a gas logistics side each day even if it isn't meaningful to marketing. I'm not adverse to the concept of studying shifts in gas flows from day-day or year-year, but perhaps this is a distinct analytical tool. Hopefully we can work out these details on Tues & then run with it." corman-s,I think your outlined measures sound fine. I would think we could change to the new hotline almost immediately. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Stan, Attached is a summary of the current pipeline segment GISB Board terms and suggested motions for the upcoming INGAA Board Meeting. Summary of Pipeline Segment GISB Board Terms Name Company Term Expires Another Term? Stan Horton Enron Transportation Services Dec 31, 2001 No Richard Kruse Duke Energy Gas Dec 31, 2002 n/a Terry McGill Columbia Gulf Transmission Dec 31, 2001 Yes Ron Mucci Williams Gas Pipeline Dec 31, 2002 n/a John Somerhalder El Paso Energy Pipeline Group Dec 31, 2001 Yes Suggested Board Motion: * Motion to extend board terms of Messers Somerhalder and McGill for another two-year term and elect Shelley Corman of Enron for a two-year board term though Dec. 31, 2003. Joe - Please make sure that Joan Dreskin adds GISB Board Representation as an item for the upcoming INGAA Board Meeting." corman-s,Thanks. No-Notice Imbalances are market area from the perspective of commodity pricing. The only reason that they are separated out from the rest of the imbalances is because of the transportation element of the cash-out price. corman-s,Looks like FPL is getting back-up gas supplies to keep their nominations up. See attached for updated gas day 12/4/01 through ID1. corman-s,Saturday night sounds good. My sister will be here! Things are going fine at home...but we'll be happy to have Kim home! corman-s,"Sarah, Attached is TW revenue detail by contract for the years 1997-2000. At the bottom of the schedule, I've made a simplistic cut between short-term/long-term based on the expiration date. For example, for calendar year 1997: Short-term = Firm contracts with contract expiration date before 12/31/98 + all IT & PNR revenues Long-term = Firm contracts with expiration dates in 1999 and beyond. Same logic for years, 1998, 1999, 2000. Call me at x37083 if you have questions." corman-s,"Made it to Almaty. Thanks for all your help. It is hard to access my enron mail from my hotel. If you need to get in touch with me, please email me at cormanerb@cs.com " corman-s,Almost 100% certain that its just me. I'd rather have good flights and spend the money on just me (i.e. we can share hotel costs). corman-s,Thanks for your note! I guess you're living proof that one can successfully make it through the twists and turns of international adoption. corman-s,I'll have someone pull the volumes in the morning if its not too late. Sorry but my messages didn't come across my blackberry when I was in Austin Fri & Sat. corman-s,"A couple of thoughts - Per travelocity Lufthansa does fly between Houston-Frankfurt-Alma Ata & then Moscow-Frankfurt-IAH. We'd only have to take Transaero one way from Alma ata to Moscow. - If we fly through Moscow on way to Kaz, keep in mind that the airport we fly into Moscow will be a totally different airport than the airport we fly from Moscow to Kaz (the regional airport). I have heard that the regional airport is not a very safe or American friendly place. - I want to me flexible on travel. But, I'd really, really rather not fly on Aeroflot." corman-s,"Hope your holiday was a fantastic one. My dossier info was not picked up from the embassy last week, so now I'm another week behing in the process. But, the delay does perhaps give me a chance to take care of my sinus problem. I've still been feeling cruddy and want to have a specialist look at the sinus polyp. Can you recommend an ENT? Looking forward to seeing you soon." corman-s,1. NNG and ENA are entirely separate entities and our businesses are run entirely separate from one another. 2. Customers may think that they can net ENA invoices against NNG invoices. NNG is a separate business and is not responsible for ENA invoices to their customers. 3. Should suppliers cut volumes for ENA; NNG will cut the market accordingly. 4. Creditworthiness status for ENA remains the responsibility of the Commercial Department. We are to maintain our normal course of business until instructed otherwise. corman-s,"I know you are swamped with other matters, so I jotted down in memo form my travel plans. I guess it's Murphy's Law that I got the phone call that I need to travel now in the midst of current work events." corman-s,Thank you. These are great! corman-s,"When I asked you to adjust the Gas Logistic's PAA's to $100, I forgot to ask you to do the same on the separate PAA for gift checks for EOTT pipeline control. Please give me a call if you need any supplemental paperwork from me. Happy" corman-s,Unfortunately I didn't write down the name of the person in payroll that returned my call to the main payroll number. Whoever it was logged into their system and said that the record showed you making the co. change. Could you give payroll a call? corman-s,Did Ginger give you any read on how long to translate our documents or when they might be sent to Kazakhstan? Shelley -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,I copied the children's church materials yesterday and will have Gaby drop them off at church tomorrow. We agreed to have a children's church meeting tacked on to the end of the next children's ministry meeting. Would you please check to see that VBS is penciled in July 22-26 on the church calendar. Thank you Shelley (making good use of my jury duty time) -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Thanks. I got your voice message. I'm good with getting together on Tuesday, but I would also like any major formatting feedback in advance of the meeting if possible so that we can walk away from the meeting on Tuesday with the final product. Otherwise, I'm concerned that we'll never get out of the cycle of perpetual feedback & differences in preferences of formatting style." corman-s,"Jo, Kent & Dave, Per our joint meeting in Omaha several weeks ago and subsequent conversations with Jo and others, the morning meeting report has been revised to: - Remove unnecessary line pack and yesterday's plan info. - Add additional interconnect points - Add fuel and a system balance computation for the Market, Midcontinent and Permian area - Improve formatting and readability. Dale will shortly forward a draft of the new report. Please confirm that it meets with your expectations. We would plan to put this new format in place mid-week next week." corman-s,"Our team holiday potluck luncheon is scheduled for Tuesday, December 11 at 11:30 AM. So dust off those cookbooks and sign up to bring a culinary creation. The sign-up sheet is located outside Ricki's workstation (4268A). The buffet will be set up in 42C1 (the gas control presentation room). Room 42C2 is also reserved for seating. Following our luncheon, we will have a Gas Logistics staff meeting at 1 PM in 39C1. We can discuss any Enron updates and I will do my best to address any questions and concerns that you have. At the end of our staff meeting, we'll hold our holiday raffle drawing. We have lots of fun prizes, including many sets of sports tickets. All Gas Logistics employee names will be entered. You need not be present to win. Finally, I want to fill you in on my upcoming journey. My husband and I have been trying to adopt a young girl from Kazakhstan into our family. The paperwork and red tape have seemed unending and I was having doubts whether it would ever happen. Early this week I received the call that I need to travel to Kazakhstan next week to pick her up. While I am excited to complete the adoption, I'm not terribly thrilled with the timing of being gone over the holidays and away from work at this time. At our staff meeting, I can address any questions you have about whom to call in my absence. I'm looking forward to our get together next week. To the extent that you aren't able to make the luncheon, let me take this opportunity to wish you and your family a happy, safe and relaxing holiday season." corman-s,"I think it sounds worthwhile -- since Linda Breathitt and Stacy Girard are participating. If Stan is unavailable, I think Phil Lowry or Mike Nelson would also be great choices." corman-s,I am feeling pretty blue today with all the Enron stuff. Finances being what they are -- we need to do some serious soul searching on Royal Oaks. Can we get our money back if we walk or are we stuck. Please also calculate the value of your Transocean options. I may want to monetize these to cover adoption/travel expenses. corman-s,"Boy do I have a lot to fill you in on job wise. Here is the short version. Yes I have a new job. But, surprise, it's still at Enron. I am just swamped and will not have the 2 weeks off I expected so there is definitely no weekday San Marcos trip in my future. We have no plans for Easter -- other than the fact that Alina is scheduled to be baptized at 8:30 AM church. The Plaza/Houston/Met clubs have an Easter brunch that looks like it could be fun. On the other hand we could just relax pool side. We'd love to spend the day with you and gimpy. Just let me know your leisure preferences." corman-s,I don't this we give our customers lockbox instructions any longer. Invoices cite wire instructions and physical address. Raetta please confirm. corman-s,You are welcome. What a neat idea - electronic thank you cards. corman-s,"Mike - I'll be out at the Ops. conference until 9 AM. Could you please coordinate the meeting time at the Enron building with Jude/Bill. Ricki I'm assuming that you have set our travel to ballpark. Also, I want to make sure that we make the trip worth their while. Mike - Can we quickly pull together dinner/happy hour plans (casual) downtown after the game (perhaps Ricki could reserve a spot for 10 at the old Irma's over by the ballpark) where Dannis, Steve, Jack, Rachel, schedulers, etc. meet us. I need to leave downtown by 7 PM for a meeting this evening and I want to make sure that we have entertainment reinforcements." corman-s,Jean -- I keep getting these messages. I just got another batch of 6 similar corman-s,"I'd tell her that we have actual tickets for games on Mar 9 (Astros) and Mar 13 (Indians), but otherwise just plan to buy the day of the game. We just pulled schedules from the web. My feeling is that once they affirmatively decide they are going to FL, you should say that I rented a house and that you are going to come over and stay with us for a few days. I know this might push us to the point of her asking whether they can stay with us .... but I'm afraid the kids will spill the beans. -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,"Hi. Hope your week is going well. I'm discouraged to still be sick (asthma or bronchitis or the like). Also, I'm sure that you have heard the perils of Enron. Then there is adoption stuff and then there is world news. I am really hoping that you will have some time to be my therapist this weekend. What would you think about tryin to coordinate hair appointments Sat? My only constraint is Chad's noon soccer game. If hair doesn't work then how about coffee? -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,"Cyndi, I have misplaced Lori Schroeder's cell phone number and need to set an appointment with her before Sat! Help. Thanks for getting together Sat. -- even if I am bad at picking movies." corman-s,"Here are my edits to the FAQ document. Sorry but I don't understand the pool allocation response. My notes indicate that we also need to answer the questions - where storage allocation notices appear - why storage allocation notices come out at a later time. Fixes already put in place In the follow-up letter we categorize the feedback. Can't we go one step further and say that we have already addressed some items: - Make customers aware that they can call HotTap Helpdesk for calls - Raise awareness of need to minimize mrongin meetings - Haven't we taken a step to notify EDI customers about system downtime - We have taken the step of immediately notifying customers of system outages - Aren't we adding an injection/withdrawal indicators - Can't we immediately change the confusing descriptors ""storage analysis completed"" vs ""storage allocations completed"" {See my suggestion in" corman-s,You could never be a bother. A woman serving food at a volunteer event always has a special place in my heart. I bought the Louis Rich pre-cooked chicken & the caesar salad bowls (in plastic bowls - near fruit bowls) from Albertson. Just added some extra parmesan. corman-s,"Liz could you please confirm your address (especially the zip) for the fedex package. 16816 Mouse Trap Dr Round Rock, TX" corman-s,"Sorry I missed you this morning. Could you take a look at this description from the outline. I checked with John O'Shea and its fine for us to work together on this. I'm back in my office. Please give me a call at your convenience (x37083) Competitive Threats Northern's competitive position is bolstered by the presence of (1) long-term agreements, and (2) a configuration of small-diameter branchlines with multiple delivery points that function as an extension of the LDC's distribution system. Minnesota: ? Northern's major Minnesota customers have contracts that extend through 2007. Beyond current contract terms, there is a mid-high possibility of bypass in Minneapolis/Twin cities area (Alliance, Viking or Northern Border); low-medium bypass possibilities in Rochester and Mankato, MN (Alliance). Iowa: ? Northern recently extended the contract with its major Iowa customer (MidAmerican) thru 2005. Beyond current contract terms, Northern will face competitive threats from NGPL in the Des Moines and Sioux City. Wisconsin/Chicago: ? With several significant contract terms up for renewal in 2003, Northern will face competitive pressures in the Wisconsin and Chicago areas because market prices are below maximum tariff rates and due to the high concentration of competing pipelines. To some extent these competitive factors have already been recognized, as Wisconsin Gas has already bypassed Northern via Great Lakes. The distance of competing pipelines to many Northern towns will preclude bypass for many others. Major competitors in the market area include: ? Alliance ? ANR Great Lakes ? Natural Gas Pipeline ? Northern Border ? Trailblazer" corman-s,Could you make a Dr appt for tomorrow for the Dr on level 3. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,I didn't understand we were borrowing them. I thought we already reached agreement to buy them. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"When it comes to commitments involving website postings, scheduling or balancing, could I please ask that my group be copied on settlements and proposals. It is not my intent to meddle in your good efforts -- just to make sure that I understand what is involved in complying. In the case of the Transwestern setttlement offer -- my only comment/concern is that I would hope we could coordinate our posting formats with the GISB rules -- otherwise we will have conflicting requirements & have the expense of having different posting formats for our different pipes. ""Transwestern will work in good faith to simplify the exising posting formats on its electronic bulletin board, consistent with the GISB formats for informational postings. "" Is there an SLA settlement/proposal that I can get a copy of?" corman-s,My thought is that the Enron contract is probably going away anyhow so that it makes sense to set this up for Jan 1. I think the charges should be recorded to the balancing tools account. corman-s,"Please send to all ETS Gas Logistics In the never ending world of changes at Enron, upper management has determined that we will not be using the PEP system for feedback this year. I apologize that this decision was made after you put time into selecting reviewers and completing reviews. I have not received word on whether ETS year-end feedback will occur in any alternate form. As a result of this development, the feedback training session for this afternoon is cancelled." corman-s,Thanks for talking to Ange. I'll give her a call tonight. My preference is for me to take 3/17; you to take 3/24 (I'll have company); and no children's church on Easter. Let me know what you think. corman-s,"Tim, Is the activity at the MidLouisiana points normal. How did we build up a 156,000 MMBtu balance at Port Hudson. Is this a measurement or a scheduling mismatch? How big is this point?" corman-s,We received our INS approval today and will overnight thr notarized version to Ginger Monday. So it is all in Ginger's hands now. Shelley -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,This is the other teacher. Please add to contact info. corman-s,"Chris, I was about to send off the info from the prior email when I received your latest update. However, I'm confused by the update. The form seems to be the same, except it is intended to be sent to the Republic of Kazakhstan in New York. Is that really where we are sending our registration information? What about the autobiography. What is that, What is required? I understand the urgency in registering and am prepared to do what it takes to accomplish this today. But, frankly this whole process was a surprise to me. Does your agency have an written materials on follow-up requirements/processes in general. I'm sort of at a loss on the whole issue of what comes next. When to apply for SS#. What about readoption. Passport, Certificate of Citizenship, etc. I was surprised when a resident alien card arrived. I need to take care of the registration issue today, as we will be on vacation starting tomorrow for a week. Shelley Corman" corman-s,Thanks for your support. I'm sure that I'll be taking you up on your offer soon. corman-s,"You are going to be so very mad at me, but I have lost my ATM card. Can you cancel my card. I think this proves that I am no allowed to have an ATM card in the future. Call me." corman-s,Great. Just wanted to make sure I was on the right wave length -- as Jane Joyce has asked the IT folks for more detail on the contracts and revenue projects and I didn't want to lead the IT folks astray with my understanding of our meeting if it was incorrect. corman-s,"Can you please advise what is going on with the flat panels that we had planned to distribute to our gas logistics team. It was in the budget and we had the okay, but now I'm hearing there is some hold-up & the units are stored on 44." corman-s,Please send it to both of us. Given Gary's presentation on bonus timing I plan to turn in my recomendations today. Can I meet with you at 4:oo? I am meetin with my direct reports at 1 to work on recommendations. So I need your spreadsheets ASAP -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Tonya, Haven't heard from you in awhile and I am assuming that you were probably just burnt out over the flurry of summer activity. All of my paperwork (including INS approval) is turned into Ginger and I am now just anxiously awaiting the opportunity to travel to Kazakhstan. Ginger and crew are so busy that I imagine that things won't happen very fast. Not try to bother you if you had enough of this Kidsave stuff -- but on the other hand --- you worked hard to bring the kids here this summer and I just wanted to let you in on the fruits of your efforts." corman-s,No material impact . The filing concerns various scheduling and balancing rules. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Hi Nancy I have Alina at the Dr for her physical this afternoon, but we should be home by 6 PM and be home all evening. Sorry I missed choir last night . We are still transitioning and Alina had a fit as we were leaving a friend's house to come to choir. See you soon Shelley -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,"I can either plant this Sat or next. If you guys already mulched last week, then I can manage the planting on my own. If not, I could use help with mulching the beds before I plant. -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,"Catherine, I have received the call and will be traveling to Kazakhstan next week to complete the adoption. My husband and son are staying back. I arrive in Almaty on the 14th late in the evening. I'll spend the day of the 15th in Almaty and then take the overnight train to Taraz. I expect to have a court date in Taraz on the 19th or 20th. Then I will be back in Almaty, probably over Christmas. Finally, I expect to travel to Moscow on around Dec 27 and then return to Houston around Dec 30. This of course is the plan if everything goes exactly on schedule -- which it probably won't. I will certainly miss being away from home at Christmas and am hoping to find a Christmas worship service in Almaty. I'd appreciate any advice in this regard. I would also appreciate advice on what time of clothes are appropriate to bring. Thanks Shelley Corman shelley.corman@enron.com and" corman-s,"Hi There. So glad you are back. How was skiing? Hope we can get together on Sat. or Sun. I never know the polite way to suggest gifts. Perhaps just a gift ideas list? Summer clothes (Size 4T pants/5T shirts) Swimming accessories Loving Family Dollhouse Furniture & Accessories Gift certificates * In lieu of gifts, contributions can be made in Alina's honor to Kidsave" corman-s,I love Aigerim and visited with her on my recent trip to Taraz. I took lots of pictures of Aigerim and if you send me your mailing address I'll send them. I am very interested in Aigerim's placement. Let me know either way about your decision. If you decide not to adopt her I would love to continue to advocate for her. corman-s,Thanks for your kind words. I also wanted to thank you for your flexibility in covering both the gas control desks and the measurement desk. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Liz - Right after I had Kim run over with the revised form and put it in the overnight, Chris called me to say that the application will probably need the ""sworn and subscribed"" language before the notary stamp. Do you have a typewriter that you could type this in above the notary stamp? Or perhaps feed it through your computer printer? I sent three signed and notarized copies -- so you have a few extras to play with. Here is the missing language STATE OF TEXAS COUNTY OF HARRIS Sworn and subscribed before me on this 26th day of November, 2001. My conversation with Chris was quite different than my conversation with Ginger. While she said that it would be more convenient if we set a date like Jan 5 to travel to be able to buy the tickets in advance and hopefully get better fares. She also acted like it is not out of the question that travel around Dec 17 might be possible if one didn't mind being away at Christmas. On my voice mail she left a message that my dossier had been received in Astana. When I called her back she said that this was a mistake -- that what she meant was that it had been picked up at the embassy and was expected in Astana on Thurs or Fri. You can call me at home tonight if you want to talk." corman-s,"Barbara, Received your message. I can't promise that I will attend, as things are pretty much ad hoc at my household at this time while I try to establish some new routines. I'll try. See you Sunday." corman-s,How about 2:30? I'll come to you if that time is okay. corman-s,Ditto back at you. Sounds like things have been crazy at Halliburton this week. corman-s,Yes I am here actually I'm on a conference call. I'll email later tonight. Kim will be out of the country on Feb 9. I'm hoping I can bring Alina and make a play date for Chad We are headed to Austin tomorrow. We'll be back Sun. Can you meet at T and C on Sun afternoon Chad would like to go to Zainy Brainy and I need to exchange some things at Gymboree -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Ginger/Chris, The Orphans petitions coordinator at the Houston INS office called this morning to say that our paperwork appeared in order and that she has an appointment to review our case with her supervisor this afternoon. She said that we should receive the approval notification form within a week. Shelley Corman 713-853-7083 (work) 713-857-2103" corman-s,Rick I have a number of contracts that the bankers want early tomorrow. I am assuming Elizabeth will be in to help me? -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Somewhere convenient to Jim since he has to come from Beltway/EOTT. Will he come down Wetheimer? If so we can meet at Highland Village - Grotto is it? Or if he comes down I-10n then ?? -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Today Chris called to tell me that Liz Gras will not be traveling with me and that I should leave on Dec 15 instead of Dec 13 (Tomorrow). This is all a shock. I will have to travel by myself. I have never traveled internationally before and I am a bit scared -- as I'm sure that you were this past summer when you visited. I know everyone in Kazakhstan will be nice, but I am not looking forward to customs. I am very excited to see you though. Depending on how long that I will have to be in Kazakhstan, I may try to come home after court and have Alina escorted to Moscow. Kim (or Kim & I) may travel to Moscow to pick her up after the New Years holiday. I will be sad if I have to leave her behind for a few more days. But I might have to accept this arrangement if my work calls me back to Houston. So many times my schedule changes that it is difficult at work. I know that you experienced similar difficulties with you flight plans this summer. I will bring pictures of your visit this summer. I will also bring warm clothes! I received an email from a new family that hopes to adopt Zhuldiz. I am so happy to hear that she has a family." corman-s,"Thanks again for the kind gift of beanie babies for the orphanage children. Your kindness is memorialized in my journal. If you are interested, I have in my office pictures of the kids with their beanies." corman-s,Thanks. I went to see Dr. Shelley Leeds Rickets this am.She is a Baylor grad and is very nice. Glad you weren't in an accident today. Have a good trip. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Got your note. I'm volunteering at school this afternoon and can't open the attachment on my Blackberry. I'll review and send you a note over the weekend -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Jackie, Here is the Children's Church newsletter article: Children's Church Update A children's worship service is held each Sunday (except for Communion Sundays) during the 11:00 worship service. Children attend the first part of the regular worship service in the Sanctuary and then proceed to children's church after the children's sermon. Please tend to your child's personal needs before worship, so our children's church leaders can focus on teaching. The mission of children's church is to help prepare children (ages 3 years through 3rd grade) to participate in worship. This Fall the children are learning that our ""church backpack"" is filled with things that help us worship -- our bibles, hymns, offering, and prayer. Ask your child about how to make a prayer sandwich! Thanks Shelley 713-853-7083 P.S. Please send me your daughter's email when you have a chance." corman-s,Thanks for the information. Do you happen to have an email address for Elza? corman-s,Perfect! Thanks. corman-s,Rick Dietz and I are both in the office. Please give Rick a call to coordinate putting our OBA payable info together with your payable corman-s,"With heightened security concern in the building this morning, I wanted to report two items: 1. When I parked in the Allen Center Garage this morning, level 7 yellow section (at the top of the stairs from the Enron building, just under the covered area), I noticed a large brown/copper truck. I park my blue explorer in this same spot every day and I have never seen this truck before. It's probably nothing, just wanted to report it. 2. When I reached my desk this morning I wanted to call in this concern. I pulled up the corporate security number listed on the website 713-435-2804. The woman that answered the phone was rude and said that the number wasn't corporate security, but rather building security -- she laughed and didn't seem remotely interested in my concern. Perhaps, I misunderstood the website posting about who to call with security concerns. But, if I did, perhaps other employees will as well...." corman-s,"Fantastic. Is Sheila planning to attend? If so then, there are already 8 tickets committed. If any of these cancel, I have a back-up list. I will take 2 seats. Please give me the invites for those two. I'll take care of their transport. They will not need Enron transport." corman-s,"Jennie, When you get in tomorrow, could you please check whether the direct flight on the 15th cleared. If not, please advise which flight path I'm currently cleared on. I don't want to lose the return home through Moscow on the 31st (waitlisted also for 29th or 30th); but I may also need to return immediately after my court date from Almaty on Dec 23 (in such case my husband would fly back to Moscow to pick up our daughter after the 1st of the year). I would like to make such a reservation is possible. I think you can probably let all the other waitlisted items go for me. Please call me when you get a chance. Shelley Corman" corman-s,"Suzanne, Next time you talk to Liz Gras would you pass along my phone number and email. I am anxious to correspond with her and see where she is in the process and her thoughts about travel plans. I know that the adoption agency wants to group the Taraz families together for court dates/travel. One of the other Houston families (Swangos) has made progress on their dossier and turned in their INS approval. The other (the Westbrooks) haven't yet applied for passports or begun their dossier. I want to be very supportive and accomodate all the families -- after all the goal line is home for all these children. At the same time, I need to form realistic concepts of likely timeframes for our family. I think talking to Liz will be helpful on this front. Thanks for all your help. After you make the homestudy changes noted below you will resend to Gwyn? Then she'll send to me to send to INS? Probably sometime next week? I'm planning to take a vacation day tomorrow -- and the type A person that I am, I'm just afraid that I'll miss some important action that I should be taking. You can reach me on my cell at 713-857-2103 if you need to reach me tomorrow." corman-s,I love you too. Thanks for the surprise. Chad thought we were on a treasure hunt. He especially loved the special kiss. They both have the sniffles and I have a sore throat. Man I don't want to get sick again. Happy Valentine's Day -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Let me know what you think about April 12 as a possible San Marcos date. Second choice would be April 5. corman-s,This order is even better. It says that courts have founds that any refussal to allow a correction must be proportionate with the mistake. corman-s,"Jim I would be happy to do my usual Spring bedding flower planting, but I will be out of town on our Spring break trip on Sat. Mar 9. Please advise on whether you/the trustees would like me to add some new bedding plants around the trees, memorial and church entrance the following weekend on Mar 15." corman-s,"Here's my first stab Key Findings 1. With only one significant exception, the groups acknowledge their tasks/responsibilities in the measurement process. The only area that appears to be lacking defined roles/responsibility is follow-through on open issues/corrections that are not made prior to close 2. The main issues with late data for billing relate to execution and lack of communication follow-through 3. There needs to be an added focus in the field about how their tasks relate to the NNG billing process. Current procedures are written solely in the context of calculating UAF. 4. The customers chart changing arrangements raise audit concerns and concerns about our ability to gather timely data for billing. Recommendations 1. Educate field and GMS staff on use of measurement data in billing -- combination of written materials and presentations (Gas Logistics). 2. Renegotiate chart changing agreements/gain understanding of timing parameters. 3. Assign responsibility for past month issues past measurement close. 4. Develop single point of organizational accountability for quality/timeliness of data fed into PGAS, including Field Teams with respect to their measurement duties; measurement technology, GMS and UAF specialist." corman-s,I just got this message. I assume it is an old message or do you have a new injury? corman-s,"UNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION Regulation of Short-Term Natural ? Docket No. RM98-10-000 Gas Transportation Services ? Regulation of Interstate Natural ? Docket No. RM98-12-000 Gas Transportation Services ? MOTION TO INTERVENE AND COMMENTS OF THE ENRON INTERSTATE PIPELINES Pursuant to the March 21, 2001 Notice of Petition in the above-referenced proceedings and Rules 212, 212 and 214 of the Federal Energy Regulatory Commission's (""Commission"") regulations (18 C.F.R. ? 385.211, 385.212 and 385.214 ), the Enron Interstate Pipelines hereby move to intervene and respond to the March 16, 2001 Petition of the American Gas Association (""AGA Petition""). I. All correspondence and communications with regard to this filing should be directed to: Shelley A. Corman Vice President, Government Affairs and Public Relations Enron Transportation Services Company 1400 Smith Street, P.O. Box 1188 Houston, TX 77251-1188 Phone: 713-853-7083 Email: shelley.corman@enron.com Nancy E. Bagot Enron Transportation Services Company Manager, Government Affairs Washington, DC 20006 Phone: 202-466-9148 Email: nancy.bagot@enron.com II. MOTION TO INTERVENE The AGA Petition raises issues that are directly related to the operation of pipelines. 2. Enron operates a number of interstate pipelines subject to the jurisdiction of the Commission under the Natural Gas Act. In some cases these pipelines are wholly-owned subsidiaries, in other cases Enron is a part owner. These interests are collectively referred to herein as the Enron Interstate Pipelines. The Enron Interstate Pipelines have currently pending Order No. 637 compliance filings and may be affected by the outcome of this proceeding, and thus have a direct and substantial interest in this proceeding that cannot be adequately represented or protected by any other party. Thus, the Enron Interstate Pipelines' participation is in the public interest. III. COMMENTS The Enron Interstate Pipelines wholly support the Response of the Interstate Natural Gas Association of America filed this day and incorporate the comments made therein. Like INGAA, the Enron Interstate Pipelines take issue with both themes of the AGA Petition. First, the Enron Interstate Pipelines take issue with the procedural request to implement the new capacity release timeline separately from Order No. 637 proceedings or GISB compliance filings. Second, the Enron Interstate Pipelines wish to once again voice concerns about the far-reaching impacts of the flowing day recall rights that the AGA petition advocates. Rather than repeat those concerns again here, we have attached a copy of comments that were submitted to the GISB Executive Committee during the discussion of whether GISB should remove the current prohibition on partial day recall rights. For the reasons set forth in both INGAA's response and the attached comments of the pipeline segment, the Enron Interstate Pipelines ask the Commission to deny the AGA Petition. December 8, 2000 To: Gas Industry Standards" corman-s,"this is working from shelley's office, i will send you a note from my desk.... thanks for everything!!!!!!!" corman-s,Whqt interview? -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Here is my written review. Let me know when you want to sit down and talk. corman-s,"Catherine, Your mom gave me your email address and said that she mentioned that I would be emailing you. This summer, my husband, Kim Erb, and I hosted a 4-year old girl named Alina from an orphanage in Taraz. She came to us as part of Kidsave International's summer miracle program. She returned with her group back to the orphanage at the end of August. We miss her terribly. We have been working anxiously to complete our dossier and our INS approvals to be able to bring Alina back to our family permanently. Obviously world events have us very anxious about the adoption. We are just as resolved to bring Alina home and I'd leave tomorrow if I had all the approvals. My hope was lifted by hearing that you were able to travel home to Kazakstan last week. We are working with an adoption agency called Across the World Adoptions. Their Kazakstan agents are Sergei Pikalov and Larisa Reznikova. Alina's orphanage in Taraz is called Ulan & this was the first time they ever participated in a summer program to send kids to the US. There isn't any way for me to call or mail Alina now that she is back in the orphanage. I am so fortunate that I am able to correspond via email with Sergei's wife (Larissa -- different Larissa) who was here this summer as a host with the kids. Larissa and Sergei live in Almaty. Larissa is a medical student. She is rapidly improving her English through her visit and our continued correspondence. Yesterday I was so touched that Larissa sent me a photograph of Alina. Sergei was in Taraz last week and saw dear Alina & she is well. Sorry for the long-winded background. I hope you won't mind corresponding with me and offering me some travel advice. In His Name, Shelley Corman scorman@enron.com (work) cormanerb@cs.com" corman-s,"Now that we have Alina's initial visit out of the way and she has stopped talking about the bad (""jaman"") nurse that gave her the shots, I guess it's time to plan round two. Please let me know the appropriate timing to schedule a follow-up visit for further immunizations. Thanks Shelley Corman" corman-s,I am out of town on business. Are you interested in dinner tomorrow night at cafe express? On Sat Chad has a 3 pm soccer game and at 5.30 birthday party. We can work around these plans if you prefer. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,See you soon! -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Great! I will review them on Monday no need to send to FL. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Thanks! Saturday was great. Yesterday was not a banner day for me. I just kept having feelings of remorse and then guilt that I was feeling remorse. You're probably the only person that can understand how I'm feeling. Talk to you tonight. If you and Chad are gone to Karate before we get home -- we'll go to the store and have dinner ready. corman-s,I signed up for the class today. I live on the far west side of town (just S. of 1-10) so we'll have to leave around 7:15 AM to make it to class in time on Sat. Nov 3. Your family is also welcome to stay in our guest apartment. The good thing about living on the west side of town is that it is only about a 2 1/2 hour drive from Austin. I'll give you better directions later. Chad has a soccer game at 9 AM on Nov. 3 -- so they'll be out and about very early. I can drive to the conference so that your husband can have the car for a day of sightseeing. corman-s,Lynn and Steve will attend for me. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"I thought that you would enjoy reading this article about Chad's school. My editorial notes are added in red. Keeping watching www.houstonisd.org/bushes for when they post pictures of the event. AWESOME VISIT On Friday, October 19, President George H. W. Bush and Barbara Bush visited our school. The Bushes had pledged to match the donation that our students made to the children of Afghanistan. Right in front of the entire student body, President Bush whipped out his checkbook and wrote a personal check for $1, 147.00! The children were very impressed! The day was fabulous, the weather could not have been better, and our children were stellar! The program took place on the stage in the interior courtyard of the school. Because the weather permitted us to use this area, every student was able to take part in the program and enjoy the excitement! As the President and Mrs. Bush entered the stage, the children waved paper dollars in the air to greet them. The program opened with the singing of the school song. Carmen Sullivan gave a history of the Pledge of Allegiance to the flag and Kelly Iko (this is our Kelly from Sunday School -- whom I'm sure will be the first minority President of the United States) led the group in the Pledge. The students sang God Bless America and waved individual flags. Not an eye was dry! It was awesome. Maggie Strange, Julius Liu, Danny Siso and Brandi Shallenberger told the group about the effort the Bush students had put forth to collect money for the Afghan children. Doris Reese, Joan Zhang (this is a sweet little girl from Chad's class) , and Andrew Nelson wheeled in a red wagon with the students' contribution! The program closed with more flag waving and the singing of It's a Small World." corman-s,Is this cash coming into TW? -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Call me when you get to the office. I have been thinking of you constantly this last week and am anxious to hear your voice. Have a great week back at the office. corman-s,"In addition to the post-it note, please record the following items: 6572 Aeros $22 6573 Gaby $406.23 6574 Audobon Docent Guild $70 6575 FPPS $65 6576 Lynn Blair $75 6577 ACEC $125 * Also - please make sure to record the approx. $2200 deposit I made while you wer gone." corman-s,"I'm traveling to Florida on a business meeting on Thursday. If Fred the chicken is available, I'd be pleased to have him accompany me." corman-s,Can you please check whether the 401K withdrawal was received on your end. It looks like it left my account. Also can you tell whether the check in from Bank One cleared? It doesn't look like its in the account either. corman-s,No revenue is better. I've already been over our O&M with my directors. corman-s,"Thank you for your kind note. Frankly with all the challenges our leadership team has faced this year, I don't have the slightest qualm that you and the other directors will handle anything that comes our way." corman-s,Liz - I noticed that Luftansa has flights back on Dec 27 from Moscow. Using the same itinerary that we discussed before -- but for Dec 11 returning Dec 27 listed fare is $2830.40. corman-s,"I can't join you in walking this year, but you can put me down for a $50 contribution. I don't need a shirt though -- I still have JDF shirts from years past." corman-s,I consider the no notice to be part of the market imbalance for this analysis. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Oops my mistake. I've lost track of my dates & was thinking that Winefest was several weeks off. Its next week! corman-s,"Hi Ms. Traylor, I gave my mom a heads up that ""flat Stanley"" would be arriving in the mail soon -- but it seems like recent mail jitters are coming into play. Before poor Stanley is needlessly tossed on fears of biological terrorism could you confirm whether Master Stanley might be in a brown envelope? I didn't have Ms. Jung's email. Hope all is well with you. I am so pleased with how happy Chad is with school. At first he expected to be coddled like Kindergarten and complained that 1st grade was too hard. Boy how things have changed in a month. Yesterday he told me that he was so happy that school was hard -- Kindergarten was soooooo boring. I really appreciate the firm, yet compassionate manner you have with the kids. It is just what Chad needs to develop. While I'm writing, I will also mention one thing to you in case it comes up at school. Over the summer we hosted a 4-year old orphan girl (Alina) from Kazakhstan. She had to return to her orphanage while we complete paperwork to adopt her. The other day, Chad was watching TV and saw a picture of some Afghan children. He commented how much they look like Alina and then burst out in tears. If the school works on a project for the Afghan kids, Chad may seem a little more emotional than usual -- just wanted you to know." corman-s,What a crazy day. I'm in the waiting room of the ENT now. I will make meatloaf for dinner when I get home. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,You don't need to keep the attachment. I was going to read it online -- but since you've printed I'll take it along for casual reading. I just want to add Liz Gras email address to my contacts. Sorry for the confusion. corman-s,"Here is my recollection of the sequence of events. The concept of an operationally available capacity report and what it contains are already in GISB standards. FERC then picked up on this concept, added design capacity & said that the report needs to be updated at each nomination cycle in Orders 587-L and in Order 637 transactional reporting. GISB has since adopted standardized data formats for the transactional reporting, recently published in GISB version 1.5 standards. While these standard formats have been adopted, and I believe that we are following these formats, they haven't yet been adopted by FERC -- so other pipelines may or may not yet be following. I'll try to look at the NGPL posting over the weekend and compare to ours. Also - I'm sending your email to Theresa Hess to confirm my recall of the standardization." corman-s,"She has absolutely everything. A gift isn't necessary. I'm working on family pictures for her -- so a recent one of you guys would be great. And, if you want she could use a photo album or scrapbook for her story. Call me anytime for info. I'll let you know the next time I'll be in DC and you are always welcome to hop on down to Houston for a weekend. Tracey is coming next weekend. We'll be in State College around July 4. Keep me posted! -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,"Mr. Chad is still sick today, but he much appreciated the bear. I'll have my cell phone with me too. We will be back on Fri. Mar 15. Please look at your calendar to see if one of the following dates would suit for our shopping excursion: April 4 or 5, 10, or 11. FYI - Alina had her first MMR vaccination back in Jan and will have her followup in early April. She purportedly already had all her MMR vaccinations in the orphanage but I am repeating just to be certain. I've got an attic full of stuff for you and many, many Saturday's full of wisdom (and humility)." corman-s,"I have been friends with Shelley Corman since 1985. We have worked together and maintained a personal friendship through the year. Shelley is a kind and loving person. She is active in her church and in charitable activities. I met her husband, Kim Erb, in 1997 and have been friends with Shelley and Kim as a couple since that time. Both Shelley and Kim are loving parents to their six-year old son Chad. It has been a delight to watch them raise Chad to be such a fine young man. I believe that their home would provide a terrific environment for an adopted child." corman-s,Jayshree - here are some thoughts on the IM. I still can't tie to the top customer revenue figures. Please give me a call to compare notes. corman-s,"Hi Bev, Just checking in. What is the latest on your travel time frame? Hope everything is moving quickly ahead for you." corman-s,"Gary -- The biggest problem that I have experienced with emergency employee contact information during Tropical Storm Allison & during recent system outages is that all our contact lists are stored in an intranet environment. When systems or the Internet are down, we can't get to the contact info. I am now resorting to keeping a copy of customer contact info stored on a diskette. Are there any plans to store a copy of this info on a non-Enron ISP that could be accessed from our Home ISP if the Enron intranet or servers are down?" corman-s,Kevin The dial in network is down so Elizabeth is headed into the office to get the PGE capacity release report. It may be an hour. Sorry for the delay. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,FYI - I made my staff burn the midnight oil last night putting together TW/NNG revenue summaries for review by the bankers that Rod/Kevin are working with. Thought you might me interested in the report. It gives a nice snapshot of our activity with our major counterparties. corman-s,"Dates all work great. As you mentioned, I will likely be traveling in late November or early" corman-s,Hi. I'm here -- just barely though -- my sinus infection is back. Can we get together in my office (the less elevator riding the better) sometime between 11-1? I'm planning to be out of office tomorrow. corman-s,"I don't plan for us to sign on, we'll just wait for it to hit the board for vote. -------------------------- Sent from my BlackBerry Wireless Handheld" corman-s,18. The primary term of this Agreement shall be from the Effective Date until cancelled upon fortyeight (8)-eight (48) hours prior written notice prior to the gas day by either Party or by other provisions herein. corman-s,If you don't know about the NNG quality posting that's probably a good sign that it hasn't been posted yet. I'm hoping to have a conversation with Mary Kay tomorrow before its posted. Thanks. Get back to your kid stuff now! corman-s,"Thanks. Yes, I forgot to mention how sad I was to learn about Cuba." corman-s,GISB group has not met yet. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Yes please explain that 8 need Dr signature so she can start preschool Tues. Besides Fri and Mon afternoons I don't have any other planned time off -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,I would like an updated copy of the schedule you brought me with adescription from the reps about why the customer is saying that they haven't paid. Especially Peoples. On first glance it looks like many of the items relate to capacity release or Peoples. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Great. Last week I was invited to a forum, but I was disappointed that I could not attend." corman-s,Pre April 1997 was specifically not covered by the 6 month rule. -- but 8 don't think that means that we are automatically required to process all old ppas. I think we should plan to manually handle any pre 1997 ppas that we feel bound to accept. FYI I saw Ken Caminiti at Animal Kingdom yesterday! -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,New rules propose to: 1. Expand the list of who is a marketing affiliate 2. Require pipeline to keep detailed records of communications with corman-s,Sounds good. I'll give you my handwritten notes. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Fuel is retained in kind from the shippers. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Caroline - I think you captured the right projects, but please look at the bottom line on total reductions. You show $3 Million in savings. I think that the schedule should reflect over $6 million of reductions from the original cap. budget. In my mind there is still a question on whether the meter bounce and PNR projects should be included." corman-s,Not at this time. I plan to continue to use my personal American Express. corman-s,"Diane, Cindy replied back to ask you to take my contribution out of the payroll system. And, that I should then call UW to bill me directly. Please call me if you have any questions. Shelley Corman" corman-s,"I'm thinking that we may miss church altogether on Sunday. We may spend the night at my inlaws in Conroe. They have been bugging us to visit and I don't see another date on the calendar that will work. Nov 3 for example, there is no children's church, but I am open/close trustee. Don't worry about the CD player -- it's no problem. I don't mind exchanging it until we get a CD player and duplicate copies of music (which I'm working on). We received our INS approval to adopt Alina, but with court date delays etc., it looks like our most likely travel time is late November or early December. When I get a little better info. I will make Children's Church plans. If it turns out that I'm gone several weeks in December, then perhaps we can talk Patty into letting the kids sit in regular church during Advent. It is always such a fun time for them to be in church & they recognize so many of the songs. If I'm only going to be gone in late Dec & first week of Dec, then we can probably continue with Children's church as planned. I'm really just guessing now -- since this international adoption stuff changes by the minute." corman-s,I approve. -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,"Are you interested in getting a group of people together to buy 4 tickets (est. cost $10,000)? Would need to be split 10 ways to be doable?" corman-s,"Just got home from work ... but that is funny, cause I'm still working -- now at home. Guess you've probably heard about events at my company. If you couldn't see the red -- the editorial notes were also in parentheticals You dickens -- you were only supposed to get Chad 1 item from the list. Then I pass it on to Tracey, Pat, Arliene etc." corman-s,Let me know how your Drs appt goes. I'll have to let you know later about Fri. -- got some scheduling things up in the air. corman-s,"Liz, I spoke with Ginger today to tell her that my notarized INS approval is in the mail. She said she is really busy because Chris is on vacation. She reiterated the point that you made that there is another group traveling to Almaty before us. They are not traveling until Nov. 15. We will be after that -- perhaps a week or 10 days later. This journey is certainly full of ups and downs. I was thrilled to receive INS approval and am now discouraged about not traveling until late November or early December. I was thinking about making an appeal for us to go before the Almaty group. What do you think? Perhaps you have better standing for such an appeal given your health concerns for Oksana." corman-s,Can they come in the afternoon on Feb 18 (President's Day)? I have an appointment with the tax lady in the AM. Can you see about getting Alina a Dentist appointment on Mar 1 at 8 AM (or at 1 PM) ? Is it time for Chad to have an appointment again? Chad has off school on Mar 1 & I plan to take a vacation day. Alina has an appointment for more vaccinations with Dr Kline at 10 AM. We may go to the zoo after that. corman-s,"Hi Mrs. Traylor, Obviously things have been a bit chaotic in our family life as we try to get Alina (""Chad's new adopted sister) settled into our routines. We have been trying to keep Chad's routines as normal as usual, including bedtime and homework time. While he seems happy with school, I have noticed decreasing marks on his homework and practice tests. This especially concerns me with respect to his math -- where he has always been an excellent student. Do you have any suggestions to help Chad with timed practice tests? Do you recommend any particular classes (Kumon, etc) or workbooks? If you think it is appropriate to meet to talk about Chad's progress, I could come to school anytime this Friday, February 1 for a conference. Thanks Shelley Corman-Erb 281-531-0385 (H) 713-853-7083" corman-s,"Donna, Attached is the written comments that I prepared while I was traveling. I can't remember if I already sent this to you or not ...please forgive me if I already sent this to you (sinus congestion is not conducive to sound thinking). Let me know when you want to sit down and talk." corman-s,"I was afraid she'd think I was being difficult if I mentioned my displeasure at being pushed into the holiday airfare timeframe, not to mention my concerns about missing Chad's Christmas events in December and our nanny holiday issue. My gut tells me that we should tackle this by trying to get some sort of understanding about when translation will be completed and when our papers will be forwarded to Kazakhstan. Because frankly telling us that we can travel 10 days after the other group means nothing if our paperwork hasn't been turned in sufficient time." corman-s,Tomorrow morning! -------------------------- Sent from my BlackBerry Wireless Handheld corman-s,Good morning all. Attached is the info that Esther helped me pull together for Rod last Wednesday. Rod told me over the weekend that he needs commodity volumes for these contracts for the years 1997-2000. Help? Can someone pull this together quickly for me? heard-m,"Pursuant to Jason Williams's request, I am attaching our form master netting agreement. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Tanya: Sara received a request from FPL's outside counsel in March asking to execute an ISDA for the entity that trades for the non-regulated business units of the regulated entity, Florida Power & Light Co. He is offering the guaranty of FPL Group Capital Inc. Sara sent a copy of her Lotus Notes entry to you all asking someone to respond. Today, she received another e-mail re status? Russell worked on the Florida Power & Light Co. master. Do you know who is or will be working on this, assuming it is something we want to do? Thanks!" heard-m,Attached is the draft Deemed ISDA for the referenced counterparty. Please let me know if you have any questions or need anything else. Marie heard-m,"Ms. Marquez: Attached are an original and blacklined copy of your form of guaranty, which reflect our comments. Please do not hesitate to contact either Francisco Pinto-Leite, Senior Counsel (713/345-7942; francisco.pinto.leite@enron.com) or me with any questions or comments. Thank you for your assistance. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Can you get me copies of these? Thanks! heard-m,David: Mary has assigned the TXU master netting agreement to you. We are in the process of gathering the documents and will pass them along to you. Please contact Steve Douglas in Tax prior to preparing your initial draft/contacting TXU. Steve's number is x30938. Thanks! heard-m,"Hi, Robbi! Can you give me a call? 853-3907. thanks!" heard-m,Carol: The only one I found in our database is SMBC Capital Markets. Sara was working on this back in 1998 for Enron Corp. Let me know if you need anything else. heard-m,Carol: Attached are the ENA/Enron Corp. certificates. I was just going to work off these forms when (or if) EBS ever executed an ISDA. heard-m,Dana: I faxed these to you this morning and the originals have already gone to Federal Express. I will resend them to you now. heard-m,"Fred: I am passing this e-mail along to Tracy Cooper. I am no longer with EBS and Tracy is the paralegal who took my place, so she will be assisting you on preparing master agreements. Hope all is well!" heard-m,"Hi, Athena! I apologize for getting back to you so late, but I just saw your e-mail that I printed out this morning. As you can guess, it's pretty hectic here. Here is the info I have on Coral and Coastal: Coral: Coral Power LLC - I don't have an address, but it is probably the Houston address Coral Energy Holding LP - 909 Fannin, Suite 7000, Houston, Texas 77010 Coral Energy Resources LP - 909 Fannin, Suite 7000, Houston, Texas 77010 Coral Energy Canada, Inc. - 1800, 530-Eighth Avenue S.W., Calgary, Alberta T2P 3S8 Coastal (part of the El Paso family): El Paso Corporation El Paso Merchant Energy Canada Inc. - 1001 Louisiana Street, Houston, Texas 77002 El Paso Merchant Energy, L.P. - 1001 Louisiana Street, Houston, Texas 77002 Coastal Chemical Company, Inc. Coastal Coal Company, LLC Coastal Gas Marketing, Inc. Coastal Refining & Marketing, Inc. Coastal States Trading, Inc. This is the only address I have for El Paso/Coastal Let me know if you need anything else." heard-m,Have a great weekend! Does this mean you won't be sending us anymore worksheets today? heard-m,"Mr. Marovich: Pursuant to Theresa Brogan's request, we have prepared and attach for your review a draft Assignment and Assumption Agreement among Enron North America Corp. (""ENA""), ECT Investments, Inc. (""ECTI"") and Morgan Stanley & Co. Incorporated (""Morgan"") whereby ENA assigns all its rights, title, interests and obligations in Account No. 038-C12278 to ECTI. I am also attaching a draft dupe letter re same. Please let me know if the attached documents are acceptable and we will process for signature. Thank you. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Oops, forgot about lunch. I'm available Monday or Tuesday. Just let me know if either works for you." heard-m,That's fine. I'll direct the comments to the appropriate individuals. heard-m,Tanya/Jay: Have you looked into the 4 Peoples-related worksheets that Rudwell sent us to verify if we want to go ahead and draft ISDAs to send to them? Please let us know if we should go ahead and draft or not. Thanks! heard-m,FYI. What's the big deal in CSFB not sending us their form of schedule until we send the form of Enron Corp. guaranty and said that ECT Investments will collateralize its trades? heard-m,"(713) 896-1673. It doesn't matter to me if we eat before or go for coffee after. The only places I know to eat near the Wortham are at Bayou Place. I know there's Hard Rock Cafe, a barbecue place and I don't know what else is there. Let me know what you want to do. If we don't eat before, I guess we can meet at the bottom of the escalators at the theatre." heard-m,Thanks. I was able to open them. heard-m,Patrick and Rebecca: Attached are the Deemed ISDAs for the referenced counterparties. Let me know if you have any questions or need anything else. heard-m,Mr. Boytinck: I am sending this e-mail to check on the status of the Master Agreement for Garden City Plaza Ltd. that was forwarded to you for execution. It would be appreciated if you would let me know the status. Thank you! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"We have received the following executed financial Master Agreement: Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: July 30, 2001 Enron Entity: Enron North America Corp. Counterparty: Nemak, S.A. Transactions Covered: Approved for all products with the exception of: Foreign Exchange Confirming Entity: Enron North America Corp. Governing Law: Texas Special Handling Requirements: No special handling requirements Copies will be distributed." heard-m,"Pursuant to Lora Kinner's request, I am attaching our form master netting agreement. The lawyer who will be working with you is Anne Koehler (713/853-3448; anne_koehler@enron.com). She is out of the office at a seminar and will be returning on Thursday, November 29. Please let me know if you have any questions or need anything else. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Matt! How's the new job going? Things are so crazy here, it's unbelievable! My e-mail where you forwarded the proposed resolutions to me was automatically deleted. Can you send it to me again, or tell me where I can find the documents? Thanks!" heard-m,"Oh, please! The exhibits should have been organized and conformed prior to execution." heard-m,THANKS!!!!!! heard-m,"Hi, Ken! I just received a call from Chris Croom who wants to send an updated ISDA draft to Avery Dennison Corp. Can we use the same credit, or do you want to revise it? He said he was going to meet with the counterparty on Tuesday, so I'm sure he either wants them to get the draft before then or he will take it with him. Thanks! Marie" heard-m,"Ed: Can you send me a list of PSEG entities that will be parties to the master netting agreement, together with a list of master you think exist? Also, Steve Van Hooser will be the lawyer working on this document, so he will need credit information to complete the documentation. Thanks!" heard-m,"Hi, Athena: Here is the information you requested: Navajo Refining Company c/o Holly Corporation 100 Crescent Court, Suite 1600 Dallas, Texas 75201-6927 Louis Dreyfus Energy Services L.P. Louis Dreyfus Corporation I don't know if Louis Dreyfus Corporation is the same as the Dreyfus Corporation. Louis Dreyfus Corporation is located in Wilton, Connecticut. Let me know if you need anything else. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Cheryl: Can you respond to Tom Spencer? Thanks! heard-m,Cindy: Has this guaranty been processed? We've received the original signed master agreement from the counterparty and need to deliver the original Enron Corp. Guaranty. Thanks! heard-m,I can't help this time. The only Enron Corp. guaranty we have was issued in connection with financial transactions only. Sorry. heard-m,"Linda: Will you follow-up with Tanya in Credit as to exactly what type of documents you need copies of, or arrange for someone to go and look through her files? Tanya's phone # is 33263. Thanks!" heard-m,"I am preparing the information on the Company Account Application and have a question regarding the address section. I have completed the section regarding ECT Investment's ""principal executive office"" (Houston address) and would like to know how this differs, or if it differs, from the address of ""registered office"". Would you explain the difference, if any? Thank you. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Don't worry. That's why we're here--to keep you on your toes. heard-m,THANKS!!!!!!! heard-m,"Enrique: Pursuant to Francisco's request, I am attaching for your further handling a draft Confidentiality Agreement between ENA and the referenced counterparty. Please let us know if you have any questions or comments or need anything else. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Diane, Tanya and Jay: We have been requested in connection with an SEC subpoena to produce documents related to the referenced counterparties (including their parents, successors, subsidiaries, related corporations, partnerships or professional associations, affiliates, principals, officers, directors, general or limited partners, associates, employees, agents, and independent contractors). We have checked our Lotus Notes database and don't have a record for either of these entities. Will you let me know if your groups have had any dealings with these two entities or know of a business person who has done business with either of these entities? We MUST respond to Enron Corp. Legal by noon Thursday (10/4). Thanks!" heard-m,Yes. Carol just left a voice mail that Jay Williams (x53923) will be our credit contact. I am just gathering the last documents for FPL and Florida Power & Light and will be bringing them around to you shortly. Here is the issues list. Let me know if you need anything else. heard-m,"Mary Cook has requested that you attend a meeting tomorrow morning (Tuesday, October 30) from 10:00 to 11:00 in EB38C2 to discuss master netting agreements. The directive Mary has presently been given is that we will be preparing various master netting agreements and she would like to solicit as much additional help as she can. If the directive changes before the meeting tomorrow, we will advise everyone. Please review the below attachments prior to the meeting if your schedule allows. Thanks!" heard-m,THEM'S FIGHTING WORDS!!!!!!!! heard-m,"Kimberly: Attached is a blacklined draft of the confirmation marked to show the proposed changes that Frank Sayre and Mark Taylor made. If you have any questions, please call Frank at 57894." heard-m,"Aparna: Regarding your e-mail asking us to prepare a confidentiality agreement, below is an e-mail from Tana Jones forwarding two forms of CAs to Credit so that you all can prepare your CAs requesting financials without having to ask Legal to prepare it. The CA must be initialed by a lawyer prior to signing by either Bill or Rick, and a copy of the fully executed CA must be sent to Kay Young in Legal. Let us know if you have any questions." heard-m,Adam: I have passed your comments along to our Credit Department and am waiting for a response. I will touch base with them. Hopefully we can wrap this up soon. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"Tiffany: Attached is the revised Annex B for the omnibus confirmation. We have addressed the counterparty's concerns as follows: 1. Annual vs. monthly financial statements - the annex provides for delivery of annual audited financial statements and quarterly unaudited financial statements. It does not require delivery of monthly financial statements. 2. We have revised Annex B to be 2- way, meaning that the provisions apply to both the counterparty and ENA. Let me know if you have any questions or need anything else." heard-m,"Hi, Tanya! Jay said that he has passed AK Steel along to you to look at. I told him that I thought things were passed down the chain, not up and he said that when you are as good as he his, they are passed up the chain. You may have something different to say about this. Anyway, Chris Motley at AK is calling checking on the status of the ISDA. We originally were going to have it signed, but when Samantha called Jay about initialling, he said Credit wanted to revisit the credit, so can you let me know the status so that I can tell Chris? Thanks!" heard-m,"I spoke with Peter Keohane and he said that Greg Johnston (403/974-6745) and Chris Gaffney (416/865-3711) are on board to handle the Canada filings. We have signed BP Amoco and Reliant, which I will get you copies of so that you will have the exact names, etc. Also, I will send you an e-mail with BP's jurisdictions and addresses. Thanks for your help!" heard-m,"David: Your counterparty is being impossible. Please see their latest message below. They won't even send us their draft ISDA until we provide them with every little bit of info. This is only a draft, not the final one. It can and probably will be negotiated. Thanks!" heard-m,"Joe Hunter said he sent an interoffice envelope sometime last week (he doesn't remember who he sent it to) containing copies of a confirm on the J Aron website, together with a copy of a Service Agreement. He needs to make a copy of the documents. Has anyone seen these documents? If so, please let either Joe (x33316) or me know. Thanks!" heard-m,I never received a response to my 9/17 e-mail to you re this amalgamation. Are there any credit issues with respect to this amalgamation? Thanks! heard-m,"Per Carol's request, please e-mail Carol, Mary and me with an update on the agreements you are working on. Thanks!" heard-m,"Brant: Richard Friedman in Bill Berkeland's group would like to send a draft ISDA to Citgo Petroleum Corporation. According to Lotus Notes, we sent them a draft in July, 1997. Will you prepare a worksheet and send to us so that we can send Citgo a current draft? If you aren't the right credit contact, will you pass this e-mail along? Thanks!" heard-m,"Hi, Sharon: Can you fax me a copy of the Master Firm Gas Purchase/Sale Agreement dated effective as of September 15, 1999 between ECC and Reliant Energy Services, Inc.? Thanks!" heard-m,"Cindy: Attached is an amendment to the Enron Corp. guaranty dated January 20, 1994 in favor of Williams Energy Marketing and Trading Company, which guaranty has been amended from time to time. The attached amendment (i) adds Williams Energy Canada, Inc. as a beneficiary and increases the amount from $75MM to $100MM. I prepared this form off the April 17, 2001 amendment form. Please process this amendment ASAP as a deal has been entered into that is conditioned upon us delivering this amendment. Let me know if you have any questions. Thanks!" heard-m,"Hi, Diane! Here's Leslie's e-mail with the revised paragraph. She said that the revision is ""Acknowledgement of relation transactions"". Let me know if you have any questions or need anything else. THANKS!!!!!" heard-m,"We have received the following financial Master Agreement: Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: November 14, 2001 Enron Entity: Enron North America Corp. Counterparty: Amerada Hess Corporation Transactions Covered: Approved for all products with the exception of: Foreign Exchange Confirming Entity: Enron North America Corp. Governing Law: New York Special Handling Requirement: Counterparty has five (5) Local Business Days after a confirmation was received by it to accept or dispute a confirmation. Copies will be distributed." heard-m,That's okay. I'll call you before I leave. heard-m,"Hi, Roeline! I'm sending the original revised Termination Agreement over to you this afternoon. Let me know if you have any questions or need anything else." heard-m,Mr. Kohler: Just a follow-up to check on the status of the Master Agreement forwarded to you by our Calgary office for execution. Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,I have left Diane Anderson on the Confirm Desk a voice mail as to status. Will let you know what she says. heard-m,"Kristina: Pursuant to our conversation, attached is the form of Consent and Assignment for execution by Enron North America Corp. in connection with the natural gas and basis swaps to be assigned to Morgan Stanley Capital Group, Inc. As I stated, our credit department is verifying the transactions being assigned so once I receive information from them, we will contact you with any questions or comments. Please do not hesitate to call if you have any questions. Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Mary: Here is the group list I created. Let me know when you have a second and we'll put it (or attempt to) in your contact file. Marie --------- Inline attachment follows heard-m,"Mike: Pending resolution of the credit annex issue, attached are drafts of the Delta Energy/ENA and Citibank/ENA confirmations. Please contact Sara with any questions or comments. Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Tanya: I received this draft from Niagara Mohawk Marketing, Inc. for our review. Will you pass along to the appropriate person? Thanks!" heard-m,Sharon: Can you send me a copy of the physical gas master with Williams Energy Marketing & Trading Company? Thanks! heard-m,"Hi, Candace: Yes, I have received the document and will do my best to get it signed today and returned to you by fax. Thanks!" heard-m,"I don't blame you. Obviously she's not dependable and her heart isn't in it, not to mention the fact that she doesn't know what she's doing and I don't think she wants to learn. That was pretty obvious when I was training her--she never seemed to be interested in the job, otherwise she would have tried to learn all she could and would have at least taken some pride in her work." heard-m,Nony: Can you get me a representative copy of each of the following confirms? Crude with ERAC and Forest Oil Corporation Physical liquids with EGLI and Louis Dreyfus Energy Services L.P. Thanks! heard-m,"Hi, Veronica! I'm trying to clean some files off my desk and one of them is Bayer. Are you still going to revise the credit? Thanks!" heard-m,"I only asked my assisant over here because she is so sweet and she would like a 10 lb. bag. I guess we want to get some? I don't remember what we've gotten in the past--20 lbs.? Whatever you want to get is okay with me.\ Thanks! Oops! Just remember, maybe I'll check with Robbi if that's okay." heard-m,"Hi, Robbi! I've been meaning to call you, but as you can imagine, it's been extremely busy here. Hope you're okay and I'll try to talk with you soon. No, we still haven't received anything from Robert Allen to return our fabric. I was hoping they would send something last week, because we shipped our gifts to Washington and we could have sent it at the same time. Let me know what you hear from them. Let's try to get together after the 1st. I know it's going to be too busy this week and next, so why don't we shoot for after the new year. If I don't talk to you soon have a Merry Christmas and Happy New Year!" heard-m,"Bianca: Attached for your further handling are the Deemed ISDA for Total International Limited, together with a fax cover page. Please let us know when you receive the signed Deemed ISDA back and whether or not the counterparty returns the documentation requested in the fax cover page. If you have any questions, please give me a call. Thanks!" heard-m,"Richard: When I open your attachment, all that's there are characters that I can't decipher. Can you resend me the contact information for Citgo? Thanks!" heard-m,Debra: Please verify that Mr. Dixon's facts are accurate. Thanks! heard-m,"Hi, Roeline! Eric faxed me a copy of the assignment and new confirmation signed by Sempra but I have not seen the originals." heard-m,"Hi, Gordon: We have received the draft ISDA Master Agreement back from Nemak, S.A. which they have executed. It appears to be in order, so I am in the process of preparing it for execution by us. The effective date on the agreement is July 30, 2001. We can confirm transactions with them under this Master Agreement. Once ENA has executed the document, I will send the general e-mail to everyone as usual. Let me know if you have any questions. Thanks! Marie" heard-m,"Harlan: Did you get the Calpine master netting agreement signed? Please give me an original copy once it has been signed. Also, what's going on with Dynegy? Tanya wants copies of all the signed master netting agreements. Can I get the agreement to make her a copy? Thanks!" heard-m,"Hi, Robbi! Hope you are enjoying your time off. I know I certainly enjoyed Friday and Tuesday and hated to come back today. Anne and I went to the Decorative Center yesterday, and tried to check out some samples at Beacon Hill (Robert Allen Fabrics) and they couldn't find your account. Do you have an account there, or was I mistaken? Anyway, I thought I'd e-mail you since I don't have your home number in case you were going to the Decorative Center later this week to see if you could check out some samples for us if you had time. At Beacon Hill (Robert Allen): Pattern: Bearnson Color: Aged Gold Pattern: Scholtes Color: Cinnabar Pattern: McGeary Color: Citron At Brunschwig & Fils (Gaston y Daniela): Pattern No.: 82315-198 Name: Chevron Woven Texture Color: Teja Pattern No.: 82315 - 401 Name: Chevron Woven Texture Color: Verde Agua At Schumacher & Co. (Greeff) Pattern No.: 3185017 Name: Ephemera Color: Grass Pattern No.: 3185046 Name: Ephemera Color: Bittersweet Pattern No.: 3112096 Name: Alpine Color: Pumpkin If you don't go back to DC or have already gone, we can maybe find the Robert Allen samples at Expo. They sell his fabrics there. Thanks! We really appreciate your help." heard-m,"Bianca: We have a signed Master Agreement dated as of November 1, 1994 between ECT and Transammonia, Inc. acting through its division, Trammochem. VX6259.1 can be confirmed under this master, therefore, you don't need anything from us. Let me know if you have any questions or need anything else." heard-m,Thanks! Would you be interested in some pecans? This guy Anne works with has an orchard and he is selling them in 10lb bags at $1.80/lb. They are not cracked or shelled. heard-m,"Annabel: We have been waiting on you as per the attached e-mail from June 1, 2001. Please call Sara when you have reviewed the attached e-mail once again. Thanks!" heard-m,Unless by trading group they meant the actual traders--we're just the lawyers and staff. I'll send you an e-mail tonight when I can talk--if you get my drift. heard-m,"Tony: Attached are forms of resolutions authorizing the opening of brokerage agreements, together with a form of authorized traders list. I don't know if Sara told you or not, but we typically require two signatories to open brokerage accounts. Presently, our resolutions reflect Cassandra Schultz, Vice President of Risk Assessment and Control Group, a Division of Enron Corp. as being authorized, however, we have just learned that she hasn't been officially elected to this office, so in the interim, we will have Rick Buy be our second signature. Let me know if you have any questions or need anything else. Marie" heard-m,"Hi, Tracy! Where do we stand on Allegheny? We really would like to finalize this master ASAP. Thanks!" heard-m,"We have received a certificate of amalgamation evidencing the merger of Pacifica Papers Inc. with and into Norske Skog Canada Limited, with Norske Skog Canada Limited being the surviving entity. I have received verification from Credit that they are okay with this amalgamation. I will forward a copy of the documentation to Global Counterparty." heard-m,"Boy, I'm REALLY mad at you! Just kidding! I thought you were just going to initial the signature pages and then we would get Kevin to sign it here. Since you're in town, I can run the originals down to you (if you'll tell me where you are) so that you can initial and then I can ask Kevin to sign. Thanks!" heard-m,"Steve: I have sent the amendment to the Agency Agreement to Gary Hickerson for signature on behalf of ECT Investments, Inc. When executed, I will fax you a copy. How do you want to handle obtaining Michael Brown's signature? Do you want me to send the original to you and you will coordinate getting his signature, or do you want me to send it to Michael directly? I know Michael, so I don't have a problem with sending it directly to him, or I can certainly send it to someone in Legal in London to coordinate getting his signature. Please let me know how you want to handle this. In addition, I made a few minor changes to the amendment. ECT Investments' name is ECT Investments, Inc. with a comma between ""Investments"" and ""Inc."". Also, Gary Hickerson is President of ECT Investments rather than Managing Director, and I also added his and Michael's middle initials. Please let me know if you have any questions or need anything else. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,No. Do you have anyone in mind? heard-m,"Thanks! Do we make the check out to you, Hooks Industrial?" heard-m,"At the request of Ross Mesquita, I am attaching our proposed form of Non-Disclosure Agreement. If the enclosed meets with your approval, please execute the agreement and return it to me via fax no. (713) 646-3490. I will then have it executed by Enron. If you have any comments or questions, please call Anne Koehler, Senior Counsel, at (713) 853-3448 or me at (713) 853-3907. We look forward to hearing from you." heard-m,Kim: Attached are the forms I mentioned. Let me know if they have any questions. heard-m,"Hi, Todd: Believe it or not, I am working on our comments to the ISDA and hope to have them to you this week. If I see we won't get them to you this week, I'll let you know. Thanks!" heard-m,"Mark: I would like to schedule this Friday, 10/5 as a vacation day. Please let me know if this presents a problem. Thanks!" heard-m,"Kim: Can you pull a representative financial confirm for each of the following: Peoples Gas Light & Coke Company State Street Bank and Trust Company Huntco Steel, Inc. Sodra Skogsagarna Ek For This is for Elizabeth's project. Thanks!" heard-m,"Hi, Patrick: Can you provide me with the date for Deal No. VT2401.1? Thanks!" heard-m,"Hi, Una! I don't know if you can help me or not, but I need the below agreements ASAP. We have to finalize a master netting agreement and the lawyer over here needs to see the agreements. If you are not the right person, will you forward my e-mail on? Thanks!" heard-m,"Hi, Maribel: I don't know if you were copied on Tana Jones's e-mail, but Legal is preparing all confidentiality agreements once again, so instead of you having to prepare the agreement, if you will just provide us with the counterparty info (name, address, contact, etc.) we will prepare the CA, have initialled and forward to you for signature. Thanks!" heard-m,"Hi, Gordon! Will you send us a copy of the termination when it is sent to Grupo MINSA? Thanks!" heard-m,"We have received an executed Second Amendment to ISDA Master Agreement dated as of October 3, 2001 between Bank of America, N.A. and Enron North America Corp., which amendment amends the Part 4(c)(ii) of the Schedule which states that Bank of America is a multibranch party and may act through the Offices set forth on Appendix A - Amendments. Copies will be distributed." heard-m,I don't know off the top of my head where they are? Is there a blue file? Do I have a memo in my memo directory where I sent them to Contract Admin? heard-m,I did the comparison and gave it to Mary to review. Credit is deciding what to do in light of the problems with the airlines. heard-m,"CONGRATULATIONS!!!!!!! We've been asking everyday if anyone had heard if the ""Babies Elliott"" had arrived. Glad to hear that they are all healthy and were a good size, and that Mom is doing well. Look forward to seeing pictures of the little ones. I know you all are going to have so much fun with them. Hope you've been storing up sleep, cause it looks like you won't be getting much for a while. Again, congratulations. These three little ones don't realize how lucky they are to have such a nice Dad, but I'm sure they'll find out soon. Take care" heard-m,"I sure will if you will tell me the principal place of business of all your entities party to the Master Netting Agreement. Enron Canada Corp. 3500, 400 - 3rd Avenue S.W. Calgary, Alberta T2P" heard-m,You're right! Thanks for catching it. heard-m,"In order for Cadwalader to be in a position to order lien searches, please e-mail Lech Kalembka (Lech.Kalembka@cwt.com) the initial draft of your Master Netting Agreement(s). When your agreement is finalized, please e-mail Lech a copy of the final draft so that he can prepare the financing statement filings. Thanks!" heard-m,"Beth: Pursuant to Sara Shackleton's request, I am attaching our form master netting agreement. Please do not hesitate to contact Sara with any questions or comments. Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Una: Thanks for sending me those two ISDAs. Hopefully, Edmund Cooper will be able to help us find the other document. Again, thanks for your help." heard-m,"Hi, George: Attached for your review are our comments to your form of Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. I am also attaching for your review, a proposed amendment to the Confirmation for Deal No. 514094.01. I will be out of the office from Thursday, July 5 through Monday, July 9. If you have any questions during this time, please do not hesitate to contact Sara Shackleton at (713) 853-5620. We look forward to hearing your comments. Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Holly! The only exceptions I have were Monday and Tuesday, June 18 and 19 were vacation days. Thanks!" heard-m,"Pursuant to Jason Williams' request, attached is our form master netting agreement. Please do not hesitate to contact us with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Yes. They are sending their originals to us so that we can put them all together and distribute. heard-m,Richard: Credit is not throwing you off. They did send a revised worksheet. I turned around comments and they have been reviewed by a lawyer. I am working on finalizing our comments to send back to AA today. heard-m,Do we have a conflict? The CA will be to obtain financials. Thanks! heard-m,Samantha: Can you let Banu know the status of the CA? Thanks! heard-m,Did you hear me ask and the response? We are having the lunch today. heard-m,"Ed: Attached are the following: 1. ConEd's form of Schedule and Paragraph 13 and 2. Our comparison of the above documents. Please review the following credit related items and let me know if you are okay with ConEd's language or if you would prefer our revision: 1. Part 1(c) - ""Cross Default"" - ConEd has left in the provision re cross acceleration, which we usually take out, but leave in if our counterparty is a financial institution. 2. Part 1(d) - ""Credit Event Upon Merger"" - will you agree to ConEd's language? Also, I know you said that we were just going to comment on ConEd's version without credit, but Sara wanted to know if you want to include cross-default thresholds and the same matrix we are using in the two specific transactions. Please let me have your response to the above as soon as possible so that we can send our comments to ConEd, as they are getting pretty agitated that we are taking so long. Thanks!" heard-m,"Mark: I am attaching a revised list. I forgot to show EBS, not that is has created a significant amount of work. Thanks!" heard-m,Attached is Annex B to be attached to the confirms for Deal Nos. Y49003.1 and Y49036.1. Let me know if you have any questions or need anything else. heard-m,"Mr. Boytinck: In connection with the execution of the referenced Master Agreement, I am attaching a form of certificate of incumbency to be completed and returned to us when the Master Agreement is signed. Thank you for your assistance and, please do not hesitate to contact me should you have any questions. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Steve: What is your exact location so that hopefully, the document will reach you and not float around Enron House? Thanks!" heard-m,"FYI. We received this worksheet from Aparna for a trade with Interstate Resources, Inc. and Subsidiaries?" heard-m,"Mr. Yaish: At Sara Shackleton's request, I am attaching a blacklined draft of the Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex, which reflect changes made to the 3/30/01 draft. Please do not hesitate to contact us with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Harlan: Here are the form master netting agreement and credit annex for BNP Paribas. Do you want to send it on or do you want me to? If you want me to, do you have an e-mail address or should I call? Thanks!" heard-m,"Hi, Lech! My understanding is that you all will be handling the filings. It's been so long since I've done UCC filings that I'm not sure I would even remember what to do. Thanks!" heard-m,Tom: We have our own form of corporate resolutions. It was being circulated for signature by the directors and I just received it back today. I told Kelly Keneally when I sent the documentation to her that we were in the process of routing this for signature and that I would send her a certificate certifying these resolutions when completed. heard-m,"Thanks for sending this. I just spoke with Randy Miller and told him that we probably wouldn't get it to him today, but we would certainly send it over on Monday morning. Samantha is working on it." heard-m,Carol: Here are the coal gtc's and a sample confirm. Let me know if you need anything else. heard-m,Kate: Can you do an historical analysis for Enron Marketing Services Inc. and Enron Oil Trading & Transportation? Thanks! heard-m,"Hi, Sharon! I have a rush project. Can you check on your end and send me any masters between ECC and Conoco Canada Limited and Gulf Canada Resources Limited? We have to respond to Conoco by 2:00 p.m. (Houston time) today. THANKS!!!!!" heard-m,THANKS!!!!!!! heard-m,Joe: Attached are the Deemed ISDAs for the two deals that were done yesterday with the referenced counterparties. Let me know if you have any questions or need anything else. heard-m,"WHAT???????? How can this be? Who allowed this to happen? What are we going to do? There is no one worthy to take your place as favorite credit person. Those structuring people can't possibly be nicer than us. I guess I wish you well, although it's going to be bad for us. Oh, as far as the HUGE Happy Hour, I hope you aren't getting your hopes up too high. Remember, it's Bill! Seriously, we will miss you and I wish you all the best." heard-m,Attached is the Annex B to be used for all future financial transactions with the referenced counterparty. Please let me know if you have any questions or need anything else. Will the person who will be working on this please let me know so that I can fax a copy of the guaranty to be attached to Annex B? Thanks! heard-m,"Lissa: Attached is the proposed form of guaranty that Enron Corp. will provide. ECT Investments would only collateralize above the threshold, since you would have a guaranty for the rest. We look forward to receiving your form of schedule." heard-m,"Tanya: You'll love this. ALCOA has sent us an amendment to the ISDA (that was signed 1/99) and wants to amend the ""threshold amount"" in Part 1 so that it corresponds to the current credit rating of the applicable party as indicated in Paragraph 13. I think we are mixing apples and oranges! Obviously they didn't understand the difference when they signed the ISDA in '99. And it's the same lawyer sending the amendment who negotiated the master." heard-m,Andrew: Please hold off sending the master netting agreement forms to Allegheny until we get the go ahead from credit. I will let you know as soon as I speak with them. Thanks! heard-m,"Is John Suttle okay with our providing this guaranty and in this amount? Also, are you signing a master agreement or a short form confirmation? I don't know if we can get this guaranty on such short notice, but we'll try." heard-m,"Mr. Bicker: Pursuant to Frank Sayre's request, I am attaching a clean and blacklined copy of the draft Schedule to the ISDA Master Agreement, together with the draft Paragraph 13 to the Credit Support Annex, which drafts incorporate the latest comments and revisions. Please do not hesitate to contact us with any questions or comments. Thank you! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Oops, sorry! Here they are!" heard-m,Nick: Attached for your further handling is the draft form Deemed ISDA between ENA and Ispat Mexicana S.A. de C.V. Please note that the economic provisions have been omitted. Please let me know if you have any questions or need anything else. Marie heard-m,I guess it would help if I attached the documents. Sorry! Here they are. heard-m,"I checked with Harlan Murphy and he said it hadn't been signed, however, the master netting agreement references an executed master agreement dated as of 10/10/01. We haven't seen either the original or a copy of the signed agreement." heard-m,"Ms. Russell: Per your request, I am attaching a copy of our draft Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex. Please let me know if you need the pre-printed forms and I will either fax them or overnight them to you. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Susan: Sara received this e-mail from First Union regarding the ISDA with Enron Corp. Per Lotus Notes, you are working with Sara on this. Is this something you can handle, or should it wait until Sara returns? Thanks!" heard-m,Pat: Attached for your further handling are a clean and blacklined draft of the Master Agreement between Enron Broadband Services Asia/Pacific Pte Ltd. and Uecomm Operations Pty Limited. I blacklined my draft against the draft that David prepared since I didn't have a clean copy of Uecomm's comments. Please let me know if you have any questions or need anything else. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"Paul: Pursuant to my voice mail, Harlan Murphy is finalizing a Master Netting Agreement with Dynegy that is to be signed by ECTRIC and ECT Resources Limited. It appears that John Sherriff is an officer of both entities. Will you assist us in getting this document signed by initialling, if appropriate, and obtaining signatures and faxing a signed copy back to us at (713) 646-3490? If you have any questions, please call eitherHarlan Murphy at (713) 345-2679 or Mary Cook at (713) 345-7732. Thanks for your help!" heard-m,"Uh, oh! It was sent to Peter in the interoffice pouch. My assistant said she put it to go on Friday. I sure hope you find it, cause it has original signatures. Please let me know what you find out? Thanks!" heard-m,I don't think we'll have anything for you today. I know you'll be so upset that you aren't needed today. Thanks for asking. heard-m,"Great! Hopefully, we will be able to sign them up soon. Thanks!" heard-m,Thanks. Russ Cavanaugh did send me a copy of an agreement with Castrol that I passed along to the attorney. heard-m,Gil: Attached is the form of Prime Broker Margin Account Agreement that Morgan Stanley has prepared for Enron's use. I am also attaching a form of authorized traders list for your use. Let me know if you have any questions or need anything else. heard-m,Attached is the Annex B for the referenced counterparty. Let me know if you have any questions or need anything else. heard-m,Joe: Attached for your further handling is Annex B for the referenced transaction. Let me know if you have any questions or need anything else. Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,I'll take care of this. Sara and I were expecting these documents. Thanks! heard-m,"Barbara and Anne: Below is an e-mail I sent to schedule a meeting with the confirm desks to discuss the materials we will need in order to start the review of the confirm templates. Do you want to attend? If so, I will notify you once I hear from everyone else as to their availability so that we can schedule a meeting that we all can attend. Thanks!" heard-m,"Cindy: Mary Perkins executed an amendment to the Enron Corp. Guaranty in favor of Bear Stearns, et al on May 15, 2001. The original guaranty guaranteed obligations of Enron Credit Inc. under a brokerage arrangement. Bear Stearns has requested a certificate of incumbency with Mary's specimen signature. I have prepared and am attaching such certificate. If acceptable, please have Mary sign and Kate (or another asst. secretary) certify. Let me know if you have any questions or need anything else. Thanks!" heard-m,"Hi, Edmund! Can you help us? We need to find a representative sample of a physical UK gas confirmation with Enron Capital & Trade Resources Limited and BNP Paribas. Una said she can't locate anything. We need this ASAP as we must get this master netting agreement finalized. Thanks!" heard-m,"If you are still in Houston tomorrow and get the urge to initial the ISDA, please call Samantha Boyd at 39188 and she will be happy to either show you where they are or send them to you (wherever you may be). Thanks!" heard-m,Mary: Attached is the status of my Canadian files: 1. Albchem Industries Ltd. - sending for execution 2. Garden City Plaza Ltd. - send to counterparty for execution on 7/26/01 3. Canadian Hunter Resources - draft sent to counterparty on 7/27. heard-m,"Hi, Georgi: We have an entry in our database that states that Energy West Incorporated did not change its name to Mercator Energy Incorporated. There are two companies with the same name and this one is not the one that changed its name. Our Energy West Incorporated is a Montana corporation. The one that changed its name is a Colorado corporation. Let me know if this is confusing." heard-m,Samantha: Will you either assign to take care of this? I'm not sure what they need exactly. Thanks! heard-m,"Rebecca: In connection with the upcoming Enron Corp. Board Meeting, we have prepared proposed resolutions authorizing the opening of brokerage accounts on behalf of Enron Corp. The current resolutions are outdated because certain of the offices no longer exist or have changed. In addition, Gary Hickerson's group typically goes to Andy Fastow when documents need to be signed or written or oral instructions need to be given to brokers to authorize the transfer of funds from Enron Corp.'s brokerage account(s), in particular the account at Morgan Stanley. Andy's title has changed and he has also asked that Ben Glisan and Tim DeSpain be authorized to sign documents and to give instructions in connection with these brokerage accounts. The attached resolutions have been drafted using the December 13, 1994 resolutions authorizing the opening of brokerage accounts, with the exception of the deletion of non-existing offices, change in officer titles and the addition of Ben Glisan and Tim DeSpain. I am attaching a copy of the certificate we sent to Morgan Stanley in connection with the opening of the account for Enron Corp. certifying the December 13, 1994 resolutions. Thanks for your assistance and, please let us know if you have any questions or need any additional documentation. Marie" heard-m,"Ms. Luthans: Attached are drafts of the Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. I will forward a hard copy of the complete ISDA Master Agreement to you via overnight courier. Please do not hesitate to contact us with any questions or comments. We look forward to hearing your comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Peter: Per my fax, attached is the final form of the BP Amoco Master Netting Agreement. If acceptable, please have the signature page signed on behalf of ECC and fax to me ASAP. I am routing originals for signature here and will forward to you for signature. Thanks!" heard-m,Ed: Will you get me a list of counterparties/documents? Thanks! heard-m,Attached for your review are the confirmations for Citibank/ENA and Delta/ENA. Please contact Sara with any questions or comments. Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,Sara: Attached are copies of the confirms. I put a copy in each of the Citibank and Delta files. I don't remember there being a project name. heard-m,"Jeff: Attached are the draft Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. I am putting the credit worksheet on the fax machine to you as soon as I send this message. Let me know if you have any questions or need anything else. Marie" heard-m,HALLELUJAH!!!!!!!!! heard-m,"I spoke with Frank about your proposed changes and he was okay with your first change, however, the definition of ""Investment Policy"" does appear in Section 5(c)(i). What documentation sets forth your investment objectives, restrictions, etc.? Also, do you have any comments to the forms of guaranty agreements attached to the ISDA? Finally, we are awaiting copies of Quark's documents, those of its Manager and those of any other relevant entities so that we can review them and verify that there are no issues that would require delivery of a legal opinion. Thank you for your assistance. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"At the request of Ross Mesquita, I am attaching our proposed form of Non-Disclosure Agreement. If the enclosed meets with your approval, please execute the agreement and return it to me via fax no. (713) 646-3490. I will then have it executed by Enron. If you have any comments or questions, please call Anne Koehler, Senior Counsel, at (713) 853-3448 or me at (713) 853-3907. We look forward to hearing from you." heard-m,"Jim: In connection with the upcoming Enron Corp. Board Meeting, we have prepared, and attach for your review, resolutions authorizing the opening of brokerage accounts on behalf of Enron Corp. The current resolutions are outdated because certain of the offices no longer exist or have changed. In addition, the interest rate and currency desk typically goes to Andy Fastow when documents need to be signed or written or oral instructions need to be given to brokers. Andy's title has changed and he has also asked that Ben Glisan and Tim DeSpain be authorized to sign documents and to give instructions in connection with these brokerage accounts. The attached resolutions are substantially like the ones ENA has adopted in connection with the opening of brokerage accounts. ENA also requires two officers to sign documents to open brokerage accounts, but allows only one officer to sign subsequent documentation and to give instructions to the brokers. Would you please review the attached resolutions and advise if they are acceptable so that we can submit them to Rebecca Carter by tomorrow, August 1. Thanks for your assistance and, please let us know if you have any questions. Marie" heard-m,"Gordon: Attached is the Deemed ISDA for the referenced deal, together with a fax cover sheet. Let me know if you have any questions or need anything else." heard-m,Sarah: Here is our credit support annex template. Let me know if you have any questions or need anything else. Marie heard-m,"We have received the following financial Master Agreement: Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: March 9, 2001 Enron Entity: Enron North America Corp. Counterparty: Catequil Overseas Partners Ltd. Transactions Covered: Approved for all products with the exception of: Foreign Exchange Confirming Entity: Enron North America Corp. Governing Law: New York Special Handling Requirement: Counterparty has five (5) Local Business Days after a confirmation was effectively received by it to accept or dispute a confirmation. Copies will be distributed." heard-m,"Darren: These are the entities BP has on its MNA: Vastar Resources, Inc., acting through BP Energy Company, agent Cibola Energy Services Corporation IGI Resources, Inc. BP Products North America Inc. BP North American Petroleum, a division of BP North America Inc. THANKS!!!!!!!!!!" heard-m,"Holly: I had vacation time on July 5, 6 and 9. Thanks!" heard-m,"Hi, Roeline! Attached for your review is a draft of the proposed fee letter in connection with the assignments and terminations. Please let me know if you have any comments. Our Confirmation Desk is in the process of revising the termination of ENA Deal No. NL0619.1 to delete the fee reference, and I will forward it to you when ready. Please let me know when you have signoff on the other documents and I will finalize and have executed by ENA and forward to you. Thanks!" heard-m,Richard: Thanks for the info. I'll send it overnight to her and will copy you on my correspondence (with a copy of our comments). heard-m,"Gordon: Attached for your further handling is a form of Deemed ISDA to be used in connection with Deal Nos. VC0552.1, VC0552.5, VD7864.3, VG2227.3, VM0077.1 and VM5200.2. Let me know if you have any questions or need anything else. Marie" heard-m,We don't have to wait until the board meeting. We do a unanimous written consent and circulate among the directors for signature. heard-m,"Jarrod: I have checked our database and here is what I found: Clorox - nothing has happened since you contacted them in May and they said they would send it in a few weeks. Nestle - nothing since we sent them a revised draft in July, 1998. Let us know if you want us to follow up with them." heard-m,"Agustin: Per Francisco's request, I am attaching the clean and blacklined draft of the ISDA Master Agreement for Fersinsa. Let us know if you need anything else." heard-m,"Attached, for your review, are final execution copies of the Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. Please note that Part 5(j) of the Schedule was changed pursuant to your discussion with Frank Sayre. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Todd: At last, I am attaching our response to your comments of 7/19/01, together with a clean and blacklined draft of the ISDA Master Agreement for Georgia Power Company. Please note that these same comments will apply for Savannah Electric and Mississippi Power with the exceptions set forth in our response. Please let us know if you have any questions or additional comments. We look forward to hearing your comments. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Barbara: Below is an e-mail that Richardson Energy Marketing, Ltd. wants a master netting agreement. Mary said to assign it to you. His e-mail address is bhayes@sidrich.com. Nidia Mendoza in Credit is preparing a listing of counterparties and when I receive the list from her, I will pull documents. Let me know if you need anything." heard-m,"Rebecca: Attached is the Annex B for Deal No. YA2985.1. Please attach Annex A, Annex B and the Canadian Annex, since this is a cross border transaction. Let me know if you have any questions or need anything else." heard-m,"Lech: I will ask the attorneys to forward you their initial draft of the Master Netting Agreement and then to send you the final draft. I will fax you a copy of the final BP Amoco agreement, together with the states of incorporation for each of the BP entities. Let me know if you need anything else." heard-m,Roeline: Do you have a fax/phone number for Eric Twombly? Thanks! heard-m,"Kristina: My CompareRite feature is not working right now, but I can point out the changes we made. The changes we made were to the final revised form that Carol St. Clair prepared, so for the most part, the changes are the same as hers with these exceptions: 1. Preamble - ""Enron Power Marketing, Inc."" has been changed to ""Enron North America Corp., formerly known as Enron Capital & Trade Resources Corp."". 2. First ""WHEREAS"" paragraph - ""WHEREAS, ....identified on Exhibits A and B hereto (whether one or more referred to herein collectively as the ""Transactions""), under the ISDA Master Agreement dated May 14, 1998...;"". 3. Second ""WHEREAS"" paragraph - changed ""a"" to ""an"" before ""Assignment Agreement dagted April 25, 2001"". 4. Paragraph 3 - changed ""Consent and Assignment"" to ""Consent to Assignment"". 5. Paragraph 8 - ""As of...that certain ISDA Master Agreement, dated as of June 16, 1992..."". 6. Signature Line changed from ""Enron Power Marketing, Inc."" to ""Enron North America Corp., formerly known as Enron Capital & Trade Resources Corp."". 7. Added Exhibit A (Natural Gas Transactions) and Exhibit B (Basis Swaps). If my CompareRite starts working, I'll try to send you a blacklined copy." heard-m,Cindy: This is the guaranty I spoke with Clement about. It MUST be signed either this afternoon or first thing tomorrow morning. It is our standard guaranty except that it is multiparty/multiproduct. Please call me when it's ready and I'll send someone to pick it up. Thanks! heard-m,"Lissa: I must be having problems with my e-mail as I tried to reply to yours and was told it couldn't be delivered, so that's why I'm sending you a new one rather than a reply. Attached is the proposed form of guaranty that Enron Corp. will provide. ECT Investments would only collateralize above the threshold, since you would have a guaranty for the rest. We look forward to receiving your schedule. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Ed: Attached are AES's comments to our draft ISDA. Please respond to those which are credit related. Thanks! heard-m,"We have been advised by Mary Kay Lemont that Bear Stearns will not open this new account until they have all corporate documentation in place. ECT Europe Finance, Inc. does not have resolutions authorizing the opening of brokerage accounts, so we are currently preparing corporate resolutions to circulate for signature. Will the authorized traders in this account be those authorized to trade on Enron Credit's behalf? If so, will you provide me with a current list? Additionally, is this the only position that will be in this account? Thanks!" heard-m,"Hi, Max! Francisco Pinto-Leite asked me to forward this draft to you to review the additional credit terms. Please review the definition of ""Independent Amount"" on page 2 of Annex A and the definitions of ""Base Volume"" and ""Incremental Volume"" on pages 6 and 7 of Annex A and let us know if this is what you want, or please revise as you would like. Thanks!" heard-m,"Tanya: Can someone in your shop get us copies of the guaranties? I pulled the one in our ISDA file and the amounts don't match, so I don't know if there have been any amendments or not. If you can't find someone to pull these, let me know and I'll come down and get them. Also, Livelink doesn't show a power master with Coral Power LLC, but I have someone checking on this. Thanks!" heard-m,"Thanks for the address. We will keep you all (especially Grant) in our prayers, although I don't think there's any hope for you." heard-m,Attached is the latest list of master netting counterparties. Please note that the new counterparties added to the list are in bold. Please let me know if you have any questions or need anything else. I will send you an updated list as I add new counterparties. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"Thank you for all your hard work. This is something that has needed to be done, but no one would take the initiative. Let's just hope all your hard work makes it to the datasheet. Thanks!" heard-m,"Hi, Dan! Just checking on the status of the documents I forwarded to you for execution. Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Mr. Perkins: Pursuant to Veronica Espinoza's request, I am attaching the following for your review: 1. Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex between Enron North America Corp. (""ENA"") and Savannah Electric and Power Company. 2. Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex between ENA and Georgia Power Company. 3. Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex between ENA and Mississippi Power Company. Please do not hesitate to contact either Brent Hendry, Senior Counsel at (713) 853-7124 (brent.hendry@enron.com) or me should you have any questions or comments. We look forward to hearing your comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Barbara: I just called and gave Leslie the Duke entities. The only one left is J.P. Morgan/Chase. When I get these, I'll send you and Leslie an updated list of entities." heard-m,"I guess so, cause I got your e-mail. Just in case, it's marie.heard@enron.com." heard-m,THANKS!!!!!!!!! heard-m,"Hi, Robbi! How are things going? Any more news? We have finally decided on our fabric and the amount of yardage. What's the next step? Thanks!" heard-m,"We have received an executed First Amendment to ISDA Master Agreement dated as of September 21, 2001 by and between Virginia Power Energy Marketing, Inc. and Enron North America Corp. This first amendment increases the collateral thresholds for both Party A and Party B. Copies will be distributed." heard-m,"Mary Cook has asked me to try to locate the documentation for the two prepays. Which of the documents do you specifically need--all or just the ISDAs, swap confirmations and guarantees. If you only need the ISDAs, etc., it may be quite a lot of pages to fax. Would you prefer I overnight them and, if so, where should I send them? Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Barbara and Leslie: Attached is the updated list of master netting counterparties. Jay Williams in Credit is working on J.P. Morgan/Chase. Let me know if you need anything else. Marie heard-m,"Hi, Kim: Can you send me a representative copy of a confirm (with gtcs) for each of the following? Physical gas with ENA Upstream Company LLC and Samedan Oil Corporation Physical gas with ENA Upstream Company LLC and Forest Oil Corporation Financial with ENA and Forest Oil Corporation If you want to send them to ""Justice"" to print that will work for me. Thanks!" heard-m,Ms. Marquez: I am following up regarding the status of our comments to the form of guaranty for Pemex that you provided to Lucy Ortiz. Please do not hesitate to contact either Francisco Pinto-Leite or me with any questions or comments. We look forward to hearing your comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"Mr. Dixon: Pursuant to Carol St. Clair's request, I am attaching our preliminary list of the agreements to be under the BP Master Netting Agreement. Since we don't own 100% of EOTT, any master netting agreement involving EOTT will not be under this master netting agreement. Please let us know if you have any questions or need anything else. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Yes, we do want to exchange originals. My originals are in our Calgary office getting original signatures. I will send one copy to you when I receive them back. Should probably be tomorrow or Wednesday. Thanks!" heard-m,Please either send me the agreement also or a list of entities so that I can pull agreements. Thanks! heard-m,Andrew: Attached are the forms. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,Lissa: Enron Corp. does not give unlimited guaranties. The amount will be determined by our Credit Department based upon the credit in your draft ISDA. heard-m,Everyone signed but ENA Upstream and Canada. Reliant signed yesterday and brought them back to me this morning so that I can get the other signatures. I am having the document taken to Brian Redmond to sign for ENA Upstream and then Peter Keohane will sign for ECC. Barbara signed off on the receivables. heard-m,"Mr. Flett: I am close to finishing the review of your draft Schedule to the ISDA Master Agreement and was hoping to receive your Paragraph 13 to the ISDA Credit Support Annex to review so that I can present them both to Sara Shackleton for final review upon her return from vacation on September 4. If your Paragraph 13 is ready, please forward to me via e-mail at the address noted below. Thank you for your assistance and, should you have any questions, please do not hesitate to contact us. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,I will have the lawyer call John Sherriff. Is Michael Brown around to sign if Sherriff won't? Thanks! heard-m,"Bob: Mark Taylor said I should forward this to you for review. If this is not the case, please let me know. Thanks! Marie" heard-m,"Hi, Jaime: Attached are the revised draft ISDA Schedule and Paragraph 13, reflecting the counterparty's collateral threshold to be ""$7,000,000"" rather than ""$5,000,000"". Let me know if you have any questions or need anything else." heard-m,I don't know. Which entity did the weather trade? heard-m,"Mike: Pursuant to Sara Shackleton's request, I am attaching a draft form of Collateral and Exposure Provisions (two way cash only) for the Citibank transactions. Please let us know if you have any questions or need anything else. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Cindy: Attached are a form of Enron Corp. guaranty and certificate of incumbency to be executed in connection with an ISDA Master Agreement with Pursue Energy Corporation. Please call me when the guaranty is ready and I'll arrange for pickup. Thanks! heard-m,"Hi, Jaime: Attached for your further handling are the draft Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. Please attach the pre-printed form ISDA Master Agreement and the pre-printed form Credit Support Annex to the attached drafts before sending to the counterparty. Let me know if you have any questions or need anything else. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Joe: Attached are a clean and blacklined copy of the Partial Termination. We have revised it to reflect a ""new"" transaction rather than a ""replacement"" transaction, since the existing transaction is still in place. Let me know if you have any questions or need anything else." heard-m,Where were you yesterday? You didn't stop by to initial Allegheny. Are you going to initial this before you go to London? heard-m,Attached is the updated list of master netting agreement counterparties. The entities added since I distributed the list yesterday (Louis Dreyfus) are in bold. Let me know if you have any questions or need anything else. Marie heard-m,"Oh, my gosh! Thanks. I'll resend it." heard-m,"Sheila: We prepared resolutions regarding the opening of brokerage agreements (the ones dated 11/30/2000), which authorized Cassandra to be a second signatory, however, the problem arose when we tried to get Kate Cole in the Corporate Secretary's office to certify a certificate of incumbency for Cassandra. Cassandra has never officially been elected to the office of Vice President of Risk Assessment and Control, a division of Enron Corp., so as far as the corporate records are concerned, she is not officially a Vice President. This will be resolved at the Enron Corp. Board Meeting in August and her appointment will be retroactive to November 1, 2000. Until such time as this has occurred, she cannot be a second signature on our brokerage documents." heard-m,"In connection with Tana Jones' e-mail of July 12, 2001, I am attaching revised forms of the Credit Confidentiality Agreements for use in requesting financial statements from a counterparty. Please begin using the attached forms when preparing confidentiality agreements and please refer to Tana's e-mail regarding procedures for preparing and signing the agreements. If you have any questions, please do not hesitate to call me at x33907." heard-m,No. Thanks for asking. heard-m,"Hi, Nidia! Per my voice mail, attached is the revised form of guaranty to add ""Process Agent"" section. Please send this revised form to the counterparty asking that they use this form rather than the form of guaranty you sent them on Friday. Let us know if you have any questions. Thanks!" heard-m,"Hi, Tracy! I've never received the signature pages to the Allegheny ISDA initialled by you. Have" heard-m,"Hi, Paul! I am attaching clean and blacklined drafts of the Master Agreements for each of Catequil Partners, L.P. and Catequil Overseas Partners, Ltd. Please review and let us know of any changes we should make before sending them to Catequil. Thanks! Marie" heard-m,"If you're scheduled for 9/4, you've missed it, but I guess you really mean 9/11. Don't you just love a smart aleck?" heard-m,Okay. Why don't you let me know on Monday your availability for next week. Thanks! heard-m,"Craig: Jay Williams sent a credit worksheet for Petro-Hunt, L.L.C. on 6/24. There was a question regarding this entity, which Jay had answered by Petro-Hunt on 6/27. I have drafted the master and once it has been reviewed by a lawyer, I will send it on to Liz Luthans." heard-m,"Wendi: You don't believe everything Tana tells you, do you? Haven't you realized she's just trying to get out of work? At least now you know who really does the work in the Swap Group. We will prepare your CA for you (since Tana won't). Will you send Poli-Twine's address and fax number? Thanks!" heard-m,Never mind! Frank Sayre is looking at it. heard-m,I received a voice mail from George Diskin today and he would like to schedule a conference call on either August 6 or August 7 at either 12:00 or 1:00 (Houston time). Will you let me know what will work for each of you so that I can coordinate with George. Thanks! heard-m,Arthur has surfaced! But why he's plodding through it is beyond me. He said he was ready to sign so that's why we sent execution copies. Obviously he hadn't even reviewed the draft. Go figure! heard-m,"Hi, Diane! Can you have someone in your group provide me with copies of the following confirms: VB7464.1 VC1359.1 VC1330.1 If you will call when the copies are ready, I'll send one of our clerks down to pick them up. Thanks! Marie" heard-m,"Cindy: Attached are the certificates to be issued in connection with the Enron Corp. Guaranties in favor of Inland Paperboard and Packaging and Quark Power LLC. Both of these guaranties were signed by Mary Perkins on July 13, 2001. Please process the attached certificates as soon as possible, as we have already forwarded our documentation to the counterparties and the only remaining items to be delivered are the attached certificates. Thanks!" heard-m,"Hi, Gordon! This is a Chilean counterparty that Nidia Mendoza in Credit asked us to prepare a ""sample"" Deemed ISDA for. This is all I know, which probably isn't much." heard-m,Sounds great to me! Thanks! heard-m,"Hi, Sharon! Have you received my package with the original BP Amoco master netting agreements and, if so, have they been signed? Thanks!" heard-m,"This is an easy one. 1400 Smith, EB3803B. Thanks!" heard-m,"Hi, Anna! I apologize for not calling you today, but things got pretty hectic and I misplaced your message. Besides the termination of the Enron Corp. guaranty guaranteeing obligations of Enron North America Corp., please provide me with a list of the corporate certificates you need. This will help me in having everything signed that you need. Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Yolanda: In connection with the execution of the ISDA Master Agreement with GAF Refining LLC, Section 3 requires that they provide the following documentation: 1. IRS Form W-9 (Request for Taxpayer Identification Number) 2. Certificate of Incumbency certifying (i) a true and correct copy of the certificate of organization or formation and operating agreement and (ii) the incumbency and specimen signature of the officer executing the ISDA on behalf of the sole member/manager of GAF Refining. 3. Certificate of the Secretary/Assistant Secretary of GAF Refining certifying resolutions authorizing (i) the execution of the ISDA Master Agreement and (ii) the execution of energy price swap and option transactions. I am attaching forms of the certificates listed as items 2 and 3 above. If GAF needs the IRS W-9, they can go to their website at www.irs.gov and download a copy. ENA will be providing a Certificate of Incumbency, certifying its articles of incorporation and bylaws and the incumbency and specimen signature of the officer executing the ISDA on behalf of ENA, together with a Certificate certifying resolutions as to its authority to enter into financial transactions and an IRS W-9. Let me know if you have any questions or need anything else. Marie" heard-m,Will you e-mail me your form guaranty? Thanks! heard-m,"Attached for your review are a revised Schedule to the ISDA Master Agreement, together with Paragraph 13 to the Credit Support Annex. These documents are currently being reviewed by our credit department and are subject to revision based upon their review of same. Please contact Frank with any questions or comments. Thank you. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Diane: I hate to bother you since you're busy, but will you sign one more original of each of the two Torch termination agreements for me? Torch wants a copy with original signatures for their file, so in order for us to have an original with their signature, we need to have two originals signed. When they're ready, if you'll call me, I'll send a clerk down to get them. Thanks!" heard-m,Tracy: Can you get Wayne copies of the Into Networks confirm and GTC? They are in the blue Into file in your bottom file drawer. Thanks! heard-m,"Mr. Cooper: Pursuant to Darren Vanek's request, I am forwarding a form of multi-product/multi-affiliate guaranty. Please do not hesitate to contact us with any questions. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Anthony: There's not a form of assignment attached. The attachment is your Overseas Securities Lending Agreement. heard-m,Harlan: Here are a clean and blacklined copy of the mna with the revised Exhibit A. The second one is the blackline copy. heard-m,"Veronica: Will you look at the ""Transfer"" section on Page 11 of the Schedule and let me know if you are okay with their change? Thanks!" heard-m,"Veronica: There shouldn't be a legal reason why we can't do this, however, we will need copies of all the Enron Corp. guaranties (and any amendments thereto), together with details of all contracts that will be covered. Also, has Oneok Energy Marketing and Trading Company, L.P. provided any incoming guaranties and, if so, do we want to consolidate those?" heard-m,"Tracy: Can you prepare this guaranty for Pat Leahy? The EBS entity will be Enron Broadband Services Asia/Pacific Pte Ltd. As you can see from the e-mails below, they need this guaranty today. Thanks!" heard-m,Master Netting Group: I just want to personally thank all of you for all of your hard work the past few weeks in addressing our counterparties' requests for Master Netting Agreements. We have been able to sign up a number of them as a result of your efforts and have managed to keep certain counterparties from cutting us off in trading. Thanks again for your efforts and for putting up with one fire drill after another! Hopefully we all learned alot in the process. Carol St. Clair EB 4539 713-853-3989 (phone) 713-646-8537 (fax) 281-382-1943 (cell phone) 8774545506 (pager) 281-890-8862 (home fax) heard-m,"Shane: Attached for your further handling is our standard ""sample"" ISDA Master Agreement. Please don't hesitate to contact either Sara (x35620) or me (x33907) with any questions or comments." heard-m,No comments. Did not give her anything to do. heard-m,"Jay: Here is the e-mail I received from SoCal. I haven't looked at their form, as I don't think we want to play the forms game with them. If you want me to, I'll touch base with her to see how she is coming with commenting on our form. Let me know." heard-m,Here are the revised confirms. Thanks! heard-m,They were added awhile back. Here is the updated group list. heard-m,"Carol: Do you know if this agreement has been signed and, if so, who would have the original or a copy? Thanks!" heard-m,"Hi, Jay! Just received a call from Adam at XTO Energy and he is going to be sending an e-mail with their comments to the ISDA. He said there were just a handful, but we'll see. I'll forward his e-mail to you when I receive it. Have a good weekend!" heard-m,Mr. Rosen: Attached is the form master netting agreement without the collateral annex. Please disregard the form I sent you late Friday. I apologize for any inconvenience. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"Thanks for your voicemail regarding CT Corporation. My fax number is (713) 646-3490. When I receive the information, I will insert in into the ISDA Master Agreement and will return a fully executed copy to you. Again, thank you for your assistance and attention to this matter. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Wendi! Attached is a form of multiparty/multiproduct guaranty that we would like for a counterparty to provide to us. I checked with Tana and she said that this is the form we would use whether EOL or verbal transactions. Let me know if you have any questions or need anything else." heard-m,"Pursuant to your request, attached are the documents distributed for the meeting this morning. In addition, here are the list of counterparties and assignments so far: Reliant Energy - Leslie Hansen - (713) 853-6121 Aquila - Jeff Hodge - (713) 853-6911 Dynegy - Harlan Murphy - (713) 345-2679 FPL Energy Marketing - Steve Van Hooser - (713) 853-7238 Florida Power & Light - Steve Van Hooser Hess - Frank Sayre - (713) 345-7894 Engage Energy - Francisco Pinto-Leite - (713) 345-7942 El Paso - Brent Hendry - (713) 853-7124 BP Amoco - Carol St. Clair - (713) 853-3989 Morgan - Angela Davis (713) 345-8347 As we have additional assignments, I will send them on to you. Please let me know if you have any questions or need anything else. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"It would definitely be out of your way. I don't mind driving downtown, so why don't we just meet at the Wortham at about 7?. We have been parking in one of the outside lots off Smith right across from the side of the Wortham (the Bank One Lot) since the flood closed down so many of the underground garages." heard-m,"Legal has been asked to review and approve all confirmation templates currently being used. We would like to schedule a meeting to discuss the materials we will need for this review. Will you advise me of your availability in the next few days so that we can schedule a meeting? (Diane, I realize we will have to work around the one hour time difference between Houston and Calgary.) Thanks!" heard-m,"Hi, Veronica! Attached are comments from Todd Perkins to the Georgia Power, Mississippi Power and Savannah Electric ISDA's. Once you have reviewed the credit comments, please let us have your responses. Thanks!" heard-m,"Gordon: Attached is the revised Deemed ISDA for the referenced counterparty, changing the EBITDA/Interest Expense ratio. Let me know if you have any questions or need anything else." heard-m,"Hi, John: Can you answer Athena's questions re Navajo? It you want to just respond to me, I'll include it in my response re Louis Dreyfus. Thanks!" heard-m,"We have received the following financial Master Agreement: Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: March 9, 2001 Enron Entity: Enron North America Corp. Counterparty: Catequil Partners, L.P. Transactions Covered: Approved for all products with the exception of: Foreign Exchange Confirming Entity: Enron North America Corp. Governing Law: New York Special Handling Requirement: Counterparty has five (5) Local Business Days after a confirmation was effectively received by it to accept or dispute a confirmation. Copies will be distributed." heard-m,What about next week? Diane asked if we could schedule for next week as she is swamped and short-handed this week. heard-m,Attached is the Annex B to be used for all future financial transactions with the referenced counterparty. Let me know if you have any questions or need anything else. heard-m,Veronica: FYI. Let me know what you want to do. heard-m,"Dede: Per Leslie's request, I am attaching our form Master Netting, Setoff and Security Agreement and Collateral Annex. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Chris: Here is the final BP master netting agreement. If you need a copy of the signed one, let me know and I will fax it to you. I will send Dynegy once I get signoff from Harlan Murphy." heard-m,I'm preparing the Master Agreement for execution between Enron Broadband Services Asia/Pacific Pte Ltd. and the referenced counterparty. Please let me know the date of the earliest outstanding trade (if any) so that I can date my master agreement. Thanks! Marie heard-m,Oops! I was supposed to tell you that Sara is working on the Enron Corp. guaranty so we should have them to you shortly. heard-m,"Hi, Cindy! Attached is a memo requesting the referenced Enron Corp. guaranty. Also attached are forms of certificates to be signed by Kate Cole. Please note that one of the certificates requires the inclusion of articles of incorporation and bylaws. Please call me when the documents are ready and I'll have someone pick them up. Thanks for your help!" heard-m,"Hi, Mark! Francisco asked me to forward this e-mail to you in Greg's absence. Please let us know if you have any questions or need anything else. Thanks! Marie" heard-m,Michael: Here they are! I will send you copies of the pre-printed ISDA Credit Support Annex to attach to the hard copies. Let me know if you need anything else. heard-m,"KINDLY FIND? There's nothing ""Kindly"" about 4 credit worksheets. In fact, we kindly reject them." heard-m,I checked and Sara sent a message to Credit on 3/26/01 but obviously has had no response. You may want to respond to Mr. Martin and let him know that Sara did receive his message and that we were waiting on our Credit Department to respond and we will send them (Credit) another reminder that we are waiting to hear from them. heard-m,I had a sneaking suspicion that it just might be you! Will you send me your fax number? Thanks! heard-m,"Ms. Bolton: Pursuant to Derek Davies' request, I am attaching a draft Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. A full copy of the ISDA Master Agreement (preprinted forms and the below attachments) was sent by Federal Express to Ms. Marla Van Gelder on July 27. Please let me know if you would like me to forward the preprinted forms to you or if you will be able to obtain the copy sent to Ms. Van Gelder. Thank you for your assistance and, please do not hesitate to contact us with any questions or comments. We look forward to hearing your comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Francisco has requested that anytime we email a Deemed ISDA for a Mexican counterparty to the Confirm Desk, we ask them to return a copy, signed by the counterparty, to us as soon as they receive it back. When we receive the signed copy, we should give it to Francisco. Thanks!" heard-m,"My heart skipped a beat when I read ""Today is my last day..."". I thought you were leaving Enron. Thank goodness you are only moving to a different group. Congratulations and look forward to working with you in your new job!" heard-m,"Hi, Cindy! Attached are a memo requesting the referenced Enron Corp. guaranty, together with a form of Certificate of Incumbency. Please let me know when the documents are ready and I'll send someone to pick them up. Thanks!" heard-m,Yes. Their lawyer. heard-m,"Matt: Here is the proposed language re appointing agents and attorneys-in-fact to sign confirmations. We may need to run these by Mark Taylor for approval, as he approves the trading resolutions. We need to make the appointments effective as of 5/1/01. Also, Bryan Burnett, Edward Ondarza and Stewart Seeligson are with EBS, so I don't know if they are still officers of ENA. Didn't Max Yzaguirre leave Enron altogether? Let me know if you have any questions or need anything else. Thanks!" heard-m,Chris: Do you need the notice information in the agreements or will a listing of the chief executive offices for each work? I have a listing of the BP Amoco entities and the addresses of their chief executive offices and I can also send Reliant's as set forth in the Master Netting Agreements. heard-m,"Anthony: Attached for your review are clean and blacklined copies of your form of assignment, which note our comments. Please let me know if the attached changes are acceptable. The only outstanding issue on our executing the new OSLA in favor of Morgan Stanley Securities Limited is our review of the Borrower's warranties which were not a part of the OSLA we executed with Morgan Stanley & Co. International Limited. Thanks!" heard-m,"Robbi: I left you a voice mail on Friday. I looked at the UEComm Master and had some comments--such as our name is wrong, the cross default threshold for us should be US $ and not AUD, and there were a few other questions I had." heard-m,"We can look at your documents, however, we are unable to open the one you have sent previously. Will you resend them? Thanks!" heard-m,"Mr. Sill Pursuant to your request, attached is the execution copy of the Master Agreement between Enron Broadband Services Asia/Pacific Pte. Ltd. and Uecomm Operations Pty Limited. Please print two (2) copies of the document and have an authorized officer sign both copies on Page 6 of the agreement. When executed, please forward both original signed copies by overnight courier to Mr. David Minns at Level 21, 9 Castlereagh St., Sydney, NSW 2000, Australia, Telephone No. (612) 9229 2310 I will process the Enron Corp. Guaranty and will forward it to you when completed. Thank you for your assistance and, should you have any questions, please do not hesitate to contact me. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Yes. Are you back on 28 or are you in your office on 45? heard-m,Let me know if this isn't what you are looking for or if you need anything else. Marie heard-m,Esmeralda: I'm available. Thanks! heard-m,THANKS!!!!!!!!! heard-m,"Charlie: Attached for your further handling are drafts of the First Amendment to Master Agreement, together with a First Amendment to Guaranty in connection with the ENA/3TEC master agreement. Please note that in addition to amending certain credit provisions, we are also amending the current setoff provision and also adding a provision regarding ""severability"". If the attached drafts are acceptable, please let me know and I'll process for execution. Marie" heard-m,I don't think another e-mail would be rude. It's rude that she hasn't responded to our other requests. Do you want to send it or do you want me to. I'll be happy to. heard-m,Ms. Navarro: Thank you for sending your comments to the guaranty. Please note our comments below. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"I'm just now going through my e-mails from last week as I was out cleaning up after the flood. I had given Cynthia the omnibus forms before I left, so I don't know what they are doing/not doing up there." heard-m,Nidia: Will you send me the final information on Richardson? Thanks! heard-m,Laurel and Jorge: Attached is the form of confirmation for Credit Suisse First Boston London Branch. ENA is the confirming party and calculation agent. Let me know if you have any questions or need anything else. heard-m,"Hi, Aparna! Please copy me on e-mails forwarding credit worksheets as I am responsible for assigning them to the paralegals. Thanks!" heard-m,"Yes, I got the copy. I will send you a copy of the guaranty when I receive it." heard-m,"Ms. Lemont: It is our understanding that in connection with the opening of the referenced account, Bear Stearns has agreed to allow ECT Europe to sign the same form of Institutional Account Agreement that Enron Credit Inc. signed in April, 2001. Please forward execution copies of such agreement to us and we will obtain execution on behalf of ECT Europe. Additionally, we are in the process of adopting resolutions on behalf of ECT Europe allowing for the opening of brokerage accounts. Will Bear Stearns be able to open the ECT Europe account prior to receiving the corporate documentation?" heard-m,"Hi, Bianca! Francisco Pinto Leite has asked me to give him a list of all outstanding ISDAs and Deemed ISDAs with Mexican counterparties. Can you send me a list of the Deemed ISDAs that are still outstanding (either comments received or counterparty has not returned signed copy). Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Donna: I checked the corporate database and Rick is a Vice President of RAC. Do we want to prepare new board resolutions authorizing him as a second signatory on the brokerage agreements for ENA, ECT Investments and Enron Credit Inc.?" heard-m,"We have received an executed Amendment Agreement dated as of September 19, 2001 between The Chase Manhattan Bank and Enron North America Corp. The amendment (i) amends the definition of ""Specified Swap"" to include foreign exchange spot or foreign exchange forward transactions or currency option transactions; (ii) to specify that The Chase Manhattan Bank is a Multibranch Party and may act through any Office specified in a confirmation; and (ii) to add a ""Scope of the Agreement"" provision which states that if the parties enter into a ""Specified Swap"" (as defined in the master agreement) such ""Specified Swap"" shall be subject to, governed by and construed in accordance with the terms of the agreement unless the confirmation relating thereto specifically states to the contrary. In addition, we have received an executed Amendment Agreement dated as of November 8, 2001 between The Chase Manhattan Bank and Enron North America Corp. The amendment replaces the definitions of ""Settlement Amount"" and ""Loss"" as set forth in the master agreement. Copies will be distributed." heard-m,"Mr. Giordano: Attached are the final blacklined drafts of the ISDA Master Agreements for Catequil Overseas Partners Ltd. and Catequil Partners L.P., which incorporate your comments sent to us on 8/22. With respect to ""Valuation and Timing"", we just inadvertently left that comment in, but have now deleted it. Please let us know if the final comments are acceptable to you and, if so, we will finalize copies for execution. Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Brian: Here are the counterparties we have financial masters with: Calpine Energy Services, L.P. Constellation Power Source, Inc. Baltimore Gas and Electric Company Transcanada Energy Financial Products Limited Sempra Energy Trading Corp. San Diego Gas & Electric Company J. Aron & Company Goldman Sachs Capital Markets, L.P. Goldman Sachs International Conectiv Energy Supply, Inc. PSEG Energy Resources & Trade LLC CMS Marketing, Services and Trading Company Louis Dreyfus Natural Gas Corp. Louis Dreyfus Energy Services L.P. Louis Dreyfus Corporation Engage Energy Canada L.P. Engage Energy America LLC PanCanadian Petroleum Limited PanCanadian Energy Services Inc. Canadian Natural Resources" heard-m,"Hi, Angie! I am just writing to check on the status of your review of the draft ISDA Master Agreement I forwarded to you. Will you please let me know when you anticipate sending your comments? Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Tanya: Will you provide me with a definition of ""Capital Reserves"" which you used in the CSFB (Europe) worksheet? Thanks!" heard-m,Joe: Please update the attached list and forward to Jay Williams and me. Thanks! heard-m,"Cindy: Attached for your further handling are the form of Enron Corp. Guaranty in favor of Petro-Hunt LLC, together with the appropriate certificates required to be delivered in connection with the Guaranty. Please contact me at x33907 when the documentation is ready and I will arrange to have them picked up. Thanks!" heard-m,"Tanya: I don't remember if I forwarded this on or not. When we receive counterparties' paper, should we forward on to you or would you prefer we send them to Jay or someone else?" heard-m,"Jeff: I have the documents ready to be signed in connection with opening the referenced account. Can you assist me in getting them signed? The officers who can sign are: Any one of: Mark Frevert Ben Glisan John Sherriff together with any one of: Rick Buy Rick Carson Since we don't know the ins and outs as to why we are opening this account for this entity, Sara suggested that you or someone in your shop contact one of the officers from each group to explain the account and ask them to sign the documents. Once you have determined who will sign, let me know and I'll take care of routing them for signature and getting them to Bear Stearns. Thanks for your help!" heard-m,"Attached for your review are clean and blacklined drafts of each of the following: 1. Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex - Enron North America Corp. and Catequil Partners, L.P. 2. Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex - Enron North America Corp. and Catequil Overseas Partners, Ltd. We have revised the definition of ""Net Asset Value"" set forth in Part 5(p)(b) of each agreement and feel this will take care of the issues. Please provide us with the date of the investment management agreement for each fund. In addition, please verify that Catequil Associates LLC is the correct party to sign both agreements as general partner of each of the limited partnerships. Please do not hesitate to contact Frank Sayre (713/345-7894; frank.sayre@enron.com) or me with any questions or comments. We look forward to hearing your comments." heard-m,Mr. Daborn: Would you please send me your delivery address so that I can send you the documentation requested in connection with the opening of ECT Investments' account with CSFB Europe? Thank you! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"Tanya: Please see Tom Doukas's request below. Enron Corp. issued a guaranty in favor of The Bear Stearns Companies, Inc. et al dated March 29, 2001, with a $25,000,000 cap. This guaranty secured obligations of Enron Credit, Inc. in connection with a Securities Loan Agreement and brokerage agreement. The cap was increased to $100,000,000 by amendment dated May 15, 2001. Are you okay with adding ECT Europe Finance, Inc. as an additional guaranteed party? Thanks!" heard-m,I thought you were going to come by and initial the master agreement. I can't get it signed until you initial. Will you please initial the two pages I faxed to you on 8/13 and fax back to me ASAP so that I can have the agreement signed here in Houston? Thanks. heard-m,YES!!!!! I have to get money. heard-m,"Hi, Una: Per my voice mail, we need a copy of a representative sample of whatever documentation BNP Paribas and Enron Metals Limited transact under (ISDA, general terms and conditions, etc.). We are trying to finalize and sign a master netting agreement with them this morning and need to see this documentation as soon as possible. My phone number is (713) 853-3907 and my fax is (713) 646-3490. Thanks for your help!!!!!!!!!" heard-m,That's fine. That way we'll have all day Sunday to work. heard-m,"Pursuant to your request, I am attaching our form Master Netting, Setoff and Security Agreement and Collateral Annex. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Anne: This is an e-mail I forwarded to Kevin Freeman on Monday sending the form of master netting agreement. He left me a voice mail this morning and said that they wanted to get a mna in place ASAP. Mary has assigned this counterparty to you. Kevin's phone number is (785) 575-8128. Will you call him to discuss? Thanks! heard-m,"Celeste: Are there deal terms that the lawyer can use to review the confirm? If not, what are they specifically reviewing? Thanks!" heard-m,"Hi, Roeline: No, I haven't received any original documents from Sempra. If he sent them here I would surely have them by now. Thanks for sending your copies--now I can get a big pile off my desk too. We are trying to hold our own over here, hoping to miss the first round of layoffs. It is still so incredibly unbelievable that this is happening. It seems like a bad dream and any minute we will awaken. It's supposed to be ""business as usual"" but it's pretty hard to get into the swing of things. Hopefully everything will work out. Have a Happy Thanksgiving!" heard-m,"Mr. Kohler: Michael Law has asked us to finalize execution copies of the Master Agreement between Enron Canada Corp. and Albchem, Industries Ltd. In order to complete the documentation, we will need the following information: 1. Exhibit A - Notice -- please provide me with the name and fax number for the individual or group who should receive notices under the Master Agreement. 2. Page 2 of the Enron Corp. Guaranty - please provide me with the name and fax number for the individual or group who should receive notices under the guaranty. Once I have this information, I will finalize execution copies of the documents and forward them to our office in Calgary for execution. In addition, I will request the original Enron Corp. guaranty and related certificates. Thank you for your assistance and, should you have any questions, please do not hesitate to contact me. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Cindy: Attached are a form of Enron Corp. guaranty in favor of Albchem Industries Ltd., together with a form of Certificate of Incumbency. Please process the attached document as soon as possible and call me at x33907 for pickup. Thanks!" heard-m,"I did locate our comments to Nestle's form of schedule originally drafted for Nestle Holdings, Inc., which they revised to reflect Nestle USA, Inc. These comments were delivered to Ed Quinn on 5/21/99 to deliver to Nestle. To our knowledge, nothing has happened since." heard-m,Deb and Mary: Attached for your assistance in ordering lien searches is a list I have prepared noting the various entities we think will be parties to the various master netting agreements. I'll let you know if any or added or deleted. Thanks for your help! heard-m,Please review the attached Schedule and Paragraph 13 ASAP and let Frank have your comments. Thanks! heard-m,"Barbara: I left Jay Williams in Credit a voice mail earlier re getting me a list of entities for Duke, J. P. Morgan, Goldman, Sachs and Williams. I just spoke with him and he is working on the lists, so as soon as I get the names from him, I'll update my list and send to you and Leslie." heard-m,"Hi, Una: Can you send me some other copies? I need a representative copy of a confirmation for the following: Financial trading with ECTRIC and Louis Dreyfus Energy Services L.P. Financial trading with ECTRIC and Louis Dreyfus Corporation If you will fax them to (713) 646-3490 I would certainly appreciate it. Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"I am finalizing the documentation for Jeff's signature now. The resolution (Jeff does not sign) will have to follow. Please provide me with the contact information so that I can forward the documents to CSFB (phone, fax and courier delivery address)." heard-m,Hallelujah! Maybe now we won't go through as much paper as before. heard-m,"Tom: You can only see the master agreement database. The brokerage agreement database is separate and cannot be viewed by anyone outside Legal. The Bear Stearns agreement you see listed is there in error. It should be in the brokerage agreement database. We do have listings for Morgan and Goldman. Sara wasn't aware that you couldn't see this database when you spoke," heard-m,"Hi, Sharon! Bet you thought you had heard the last from me. Can you get me a copy of a physical gas master between ECC and Producers Marketing Ltd.? Our Credit group gave me the document no. 96013847. By the way, I received the BP Amoco documents. Thanks!" heard-m,"Genia: We have credit sign off on all masters, amendments, assignments and terminations--any document where credit is involved. We don't have them initial the day to day confirms, but if there is a confirm with a lot of credit terms which may have been negotiated, then we'll have them initial those." heard-m,"The conference call with Consolidated Edison has been scheduled for Monday, August 6 at 1:00 in Sara's office (EB3801A). Please let me know if something comes up that you will not be able to attend so that I can inform George Diskin at ConEd. Thanks!" heard-m,"Hi, Dianne: Thanks for responding so quickly. It seems that we will be scheduling the meeting for next week. Are you available then?" heard-m,"Matt: Attached for your further handling is the form of guaranty to be issued by Commercial Metals Co. in favor of ENA, guaranteeing obligations of SMI. Please note that Commercial Metals needs to complete SMI's correct legal name. Let me know if you have any questions or need anything else. Marie" heard-m,"Ms. Midura: Pursuant to your request, attached is our form master netting agreement. Please do not hesitate to contact Steve Van Hooser (713/853-7238; steve.van.hooser@enron.com) with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,I think I received this e-mail in error. I am in the Legal-financial trading group. heard-m,"I think it will be okay for them to sign. They will need to print and sign two originals and return both copies to you. Both David and John will need to initial before the agreements can be signed by an authorized officer. Additionally, our notice information will need to be completed. Once signed by Uecomm and returned to you, please let me know so that we can process the Enron Corp. guaranty or will David process it from your end? Also, I don't know if you will keep the original in Australia or if it will come back to Houston. Robbi, do you know? We can cross that bridge once it is fully executed. Hope this isn't too confusing!" heard-m,"Pursuant to Frank Vickers' request, I am attaching our form master netting agreement. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Cindy: Attached are forms of Enron Corp. guaranties and related certificates to be issued in connection with ISDA Master Agreements between ENA and Catequil Partners, L.P. and ENA and Catequil Overseas Partners Ltd. Please let me know when the attached documents are ready and I'll arrange for pick up. Thanks!" heard-m,Just a reminder not to use the form Master Netting Agreement that was attached to the e-mail notification sent yesterday. You will be receiving a new form later today. Thanks! heard-m,That's fine. They probably want the original. heard-m,"Hi, Derek! Any word on where we stand on this master agreement? Hope all is well." heard-m,"Chris: Pursuant to Barbara Gray's request, I am attaching the list of master netting agreement counterparties. Please let me know if you have any questions or need anything else. Marie" heard-m,Laurel: Can you help me respond to Susan's e-mail? I think her question is did the below transaction remain on ECT's US books or was it back to backed with the UK? I think there is a tax question. Thanks! heard-m,"Ms. Tebbens: Attached for your review is a draft of a First Amendment to ISDA Master Agreement between Virginia Power Energy Marketing, Inc. and Enron North America Corp. If the attached document is acceptable, please let me know and I will prepare execution copies. Thank you for your assistance and, please do not hesitate to contact us with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Alan: Mary asked if you could handle the master netting agreement with Goldman Sachs. Jay Williams in Credit is researching GS and will provide me with a list of entities and documents. I will pull copies of the documents and give to you. Thanks! heard-m,Cheryl: We have received a certificate of amalgamation evidencing the amalgamation of Pacifica Papers Inc. with and into Norske Skog Canada Limited with Norske Skog Canada Limited being the surviving entity. Credit is aware of this and has no problems. I will forward copies of the documentation to you. Let me know if you have any questions. heard-m,"Max: Per our conversation, attached is the draft First Amendment to Master Agreement. If these changes are acceptable to the counterparty, they can either sign two originals and send to us for signature or, we can sign first and then forward to them. If they have any questions, they can call either Frank Sayre (x57894) or me (x33907). Thanks!" heard-m,"Whew!!!! I had a hard time following such ""proper"" English!" heard-m,"Chris: Below is an e-mail with the addresses for the BP Amoco entities. The addresses for the Reliant entities are: Reliant Energy Services, Inc.: 1111 Louisiana, Houston, Texas 77002 Reliant Energy Services Canada, Ltd.: 1111 Louisiana, Houston, Texas 77002 Let me know if you need anything else." heard-m,"Hi, Sheila! Can you verify for us the account numbers at both Goldman Sachs and Morgan Stanley that we need to assign back into? Thanks!" heard-m,"Joe: Attached for your further handling is a ""sample"" confirm. Please let me know if you have any questions or need anything else. Marie" heard-m,Rebecca: I am attaching a clean and blacklined version of the proposed resolutions authorizing the opening of brokerage accounts. I have attempted to revise them to make them clearer. Perhaps Jim Armogida can assist in revising them as I am sure he is more familiar with the way Enron Corp. likes their resolutions drafted than we are. Let me know if you have any questions or need anything else. Marie heard-m,"I guess we can go whenever. It'll just mean we won't get as much done this weekend, but we don't have anything else going on." heard-m,"Gordon: Have you received a W8BEN tax form and/or a legal opinion from Nemak? They are supposed to deliver these to us in connection with the signed ISDA Master Agreement, but I haven't seen them and before I contact them, I thought I'd check just to make sure you didn't receive them. Thanks!" heard-m,Thanks! If anyone should apologize for not responding in a timely fashion it should be me. I'll work on preparing these documents and should have something to you soon. heard-m,"Don't know if my response reached you or not. When we reply to e-mails, it automatically puts ""@ENRON"" at the end, so I'm sending it again." heard-m,"Hi, Roeline! Just checking on the status of the original assignments I forwarded to you for execution. Have you received them back from UOM, Dynegy and Sempra? If so, will you send me an original of each for my files? Hope all is going well and that you have a great weekend." heard-m,Attached is the Annex B for Deal No. VM4903. Please let me know if you have any questions or need anything else. heard-m,Aparna: Below are Tidewater's comments to the omnibus confirmation. Please let me know what changes are acceptable. Thanks! heard-m,"Pursuant to Sara Shackleton's request, I am attaching a memo that I prepared in April, 2000 regarding procedures for opening brokerage accounts. Please do not hesitate to contact either Sara at x35620 or me with any questions. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Sharon! It's me again. Can you get me a copy of the master physical agreement for Duke Energy Marketing L.P.? It appears from the list below that this the only Canada master I need. I have the ISDA. Thanks!" heard-m,Yes--I would like to see the signed copy before I send the Enron Corp. guaranty. My office location is EB3803B. thanks! heard-m,"I hope to have the signed guaranty today. All the Enron Corp. officers authorized to sign guaranties were out the latter part of last week, so the Legal Department was going to have to find someone today to sign the guaranties. As soon as I receive it, I will fax it to you and send the original, together with the other documents to you by overnight courier." heard-m,Aneela: The ADM/Carr Futures Give-Up has been signed by fax and the ADM/Goldman Sachs & Co. Give-Up has also been signed by fax. The ADM/Goldman Sachs International Give-Up won't be signed until the GSI agreement that Sara is working on has been signed. heard-m,"We have received the following executed financial Master Agreement: Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: July 10, 2001 Enron Entity: Enron North America Corp. Counterparty: Quark Power LLC Transactions Covered: Approved for all products with the exception of: Foreign Exchange Confirming Entity: Enron North America Corp. Choice of Law: New York Copies will be distributed." heard-m,Tracy: Look in the closing binder (the BMC binders) were on your file cabinets. The side letter should be in there. heard-m,OOPS! Attached are the fax cover pages for each of the Nylon and Polykron Deemed ISDAs I just sent you. heard-m,"Ms. Sternberg: Attached for your review are revised drafts of the Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. Please do not hesitate to contact either Sara Shackleton or me with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Attached for your further handling is Annex B for the referenced counterparty. Let me know if you have any questions or need anything else. heard-m,"Mr. Ellis: Pursuant to your request, I am attaching for your review the Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. Please contact me with any questions or comments. We look forward to hearing your comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Mari: I have prepared the separate phone list for each bidder room and am going to place five copies of each on the tables by the boxes in each room. Let either Genia FitzGerald (x36389) or me (x33907) know if you need anything. We will have our assistants bring coffee, etc., so if you will let us know when the groups arrive at the data room, we will take care of that. Thanks!" heard-m,Paul: Attached is the Dynegy Master Netting Agreement. Please have signed by ECTRIC and ECT Resources Limited and fax the signature pages back to me ASAP at (713) 646-3490. Many thanks! heard-m,"Diane: We just sent drafts to Torch as they needed to send them to UOM, Dynegy and Sempra for review. When we get them signed, I'll distribute copies." heard-m,"Hi, Russell: Attached for review is the draft of the proposed fee letter in connection with the Torch deals. Let me know if you have any questions or comments. Thanks!" heard-m,"Here are the guidelines for an ECP. Hope this helps. If not, let me know. Is there supposed to be bad news coming?" heard-m,"Hi, Georgi! In light of the NYMEX being closed last week, the 5 paralegals are involved in a project right now that is taking up our extra time, so we don't know when we would be able to get to this project. Perhaps someone in your group could come to our area and copy these files. Just let us know who and when they will be coming and we will help them locate the documents. Thanks!" heard-m,"Hi, Tracy! I couldn't remember if I was supposed to send you the final copy of the Schedule and Paragraph 13 or not, so what the heck, here they are! Thanks!" heard-m,"I believe all deals going forward. Am I right, Max?" heard-m,"Enron Marketing Services, Inc. was dissolvewd 6/25/97 Enron Oil Trading & Transportation Company is a former name of EOTT Energy Corp., which merged out of existence. Hope this helps." heard-m,"Mr. Butler: Pursuant to your request, attached is our form master netting agreement. Please do not hesitate to contact us with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Credit has been instructed that either Rick Buy or Bill can sign the CA's. Since these were strictly for financials (and signed by Enron Corp.), we weren't going to enter them into our database, but Kay Young is going to keep a copy in her files. Do you have any suggestions or comments otherwise?" heard-m,"Attached is the current list of master netting counterparties. The new counterparties are in bold. They are: certain AEP entities, BNP Paribas, certain Dynegy entities, Forest Oil entities, Noble Affiliates entities, Progress Energy entities, PSEG Energy Resources & Trade LLC, Richardson Energy Marketing, Ltd., Tractebel Energy Marketing, Inc. and Western Resources (I don't have specific entities for Western yet). Please let me know if you have any questions or need anything else. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Mr. Guinn: Pursuant to Sara Shackleton's request, I am attaching for your review a proposed Second Amendment to ISDA Master Agreement amending the existing amendment to change the Part 4 section references. Please advise if the attached document is acceptable, and I will have two copies signed and forward to you for execution by Bank of America. Please do not hesitate to contact us with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Great! Hopefully we will be able to sign soon. Thanks! heard-m,Frank: Please have Sequent direct any questions or comments regarding the Master Netting Agreement to Legal. Thanks! heard-m,Paul Simons is the lawyer. His phone number is 011-44-20-7783-6566 and his e-mail address is paul.simons@enron.com. heard-m,"No, you can send them all together. I was just trying to clean some stacks of paper off my desk and realized that I hadn't received the originals. Thanks for your further assistance on this." heard-m,Here is an updated list of master netting counterparties. Let me know if you need anything else. Marie heard-m,Joe: Attached are the revised confirms for AIG Commodity Arbitrage Fund L.P. (V41967.5) and AIG Commodity Arbitrage Fund Ltd. (V41967.4). Let me know if you have any questions or need anything else. Marie heard-m,"Pursuant to Frank Sayre's request, I am attaching a clean and blacklined draft of the Schedule to the ISDA Master Agreement noting certain revisions. Please contact Frank with any questions or comments. Thank you! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Sorry to hear about Dirk. I will certainly let you know if I hear of anything. We don't need any samples at Kravet--we have found a piece of their fabric that we are pretty sure we want to get. The contractor is starting work on our house Monday, so our fun will be beginning. Talk to you later." heard-m,"Mr. Spencer: I asked Cheryl Nelson, the attorney working with me on this file to give you an update as to the status of the ISDA, and I am not sure if she responded or not. Cheryl is out of the office for the next week and the attorney who will be covering for her is out of the office today. I will check with him Monday as to the status and let you know. Sorry for the delay in responding." heard-m,"Pursuant to Harlan Murphy's request, attached is our form master netting agreement. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Tracy! I have never received the signature pages for the Allegheny ISDA. Have you sent them?" heard-m,Gordon: Here is the revised Deemed ISDA. Let me know if you need anything else. heard-m,"Dan: Attached are clean and blackline drafts of the ISDA Master Agreement noting your changes to Parts 5(b)(g)-""Eligibility"" and 5(p)-""Additional Definitions"". If the attached revisions are acceptable, we should be in a position to finalize execution documents. Did your lawyer have any comments to the guaranty forms? Thanks!" heard-m,"Hi, David: As you can see, I have forwarded the master agreement to Mr. Sill for execution. When you receive the executed copies, please complete the notice information on the Schedule. I'm sure Pat can assist in the technical contacts if you aren't familiar with them. In addition, please initial both copies and have John Suttle initial both copies before they are signed by EBS Asia/Pacific Pte Ltd. Upon execution, please forward one fully signed copy to Mr. Sill and forward the other original copy to me in Houston. I am processing the original Enron Corp. guaranty and will forward it to Uecomm when I receive it back from Enron Corp. and receive confirmation from you that you have the master agreement as signed by Uecomm. Thanks for your help and let me know if you have any questions or need anything else. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Okay, here goes! Robert Allen Pattern: Bearnson Color: Aged Gold Price: $65.90 Yardage: 17 yards Pattern: Scholtes Color: Cinnabar Price: $80.50 Yardage: 18 yards Pattern: McGeary Color: Citron Price: $59.50 Yardage: 3-1/2 yards Pattern: Jungle Rhythm - we saw this at Expo and didn't know if we could order it here Color: Cinnabar Price: $77.50 (at Expo) Yardage: 1 yard Schumacher Pattern: 184180 Name: Dior Toile Color: Onyx Price: $50.00 Yardage: 4 yards Kravet Pattern: 17392 - Shown Railroaded Color: 30 Price: $69.80 (at Expo) Yardage: 8-1/2 yards The shipping address would be: 8027 Oakwood Trace Houston, Texas 77002 (713) 896-1673 - home # Will there be a problem ordering this much fabric? Also, will you know the amount of shipping, etc. charges so that we can pay for it up front? I'll have to have my accountant (Anne) write a check or whatever method is needed. Again, thanks so much for your help. We really appreciate it!" heard-m,Can you get me copies of these? Thanks! heard-m,You should have received a fax from me by now. Have you not received it? heard-m,"Gordon: Attached is the Deemed ISDA for the referenced transaction, together with a fax cover page. Let me know if you have any questions or need anything else." heard-m,THANKS!!!!!!!! heard-m,"The one from Tana is a picture, but if you scroll down further, I think it is the Bin Laden song, so there is sound with that one. I also sent it home in case you can't open it or want to listen at home." heard-m,"Hi, Matt: I have faxed the J.Aron, et al/ENA, et al Master Close-Out Agreement to you at fax number 7783-8667. The other fax number you gave me wouldn't work. I have added EEFT under ECTRIC's name and have also added a signature line for ECT Resources Limited. Carol St. Clair has initialled. I am also attaching the document should you need to change any signature lines. The attached document cannot be edited but you can print and manually type in changes. Once the agreement has been approved, please have an officer of both ECTRIC (EEFT) and ECT Resources Limited sign and return to us by fax. Please fax a copy to the following fax numbers: (713) 853-9576, attention Bill Bradford (713) 646-3490, attention Carol St. Clair/Marie Heard If Ted has any questions, Bill's phone number is (713) 853-3831 and Carol's number is (713) 853-3989. Tomorrow is Thanksgiving here in the States, so if Bill or Carol aren't in, just leave a voice mail as I'm sure they will be checking their messages. Thanks so much for your help! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Kim: Attached for your further handling are a clean and blacklined draft of the revised Schedule and Paragraph 13 for the City of Glendale. We will try to verify the outside counsel to use in connection with rendering the legal opinion so that we can begin that process. If we have any problems, it may have to wait until Sara Shackleton returns on 9/4 since she is more familiar with who we use and what the extent of the engagement will be. Let me know if you have any questions or need anything else. Marie" heard-m,"Attached is a copy of the master netting assignments list that sets forth those that are signed and/or currently being worked on. As you can see, BP Amoco, Dynegy and Reliant have recently been executed. A master crude netting agreement has been signed with ConAgra. Liquid payments netting agreements have been signed with Coastal, Conoco, Morgan Stanley, Sunoco and Valero. Master Netting Agreements have previously been executed with PG&E, The New Power Company and Entergy-Koch Trading, LP. Let me know if you have any questions or need anything else. Marie" heard-m,Jay: Kevin Freeman (785/575-8128) at Western Resources left me a voice mail stating that they want to finalize the master netting agreement ASAP. Mary Cook is assigning this to Anne Koehler to work on. Will you send me a list of counterparties involved and agreements you show are in place? Thanks! heard-m,Jim: Attached is the form of confidentiality agreement that Sara made reference to in her voice mail. Thanks! heard-m,"Hi, Sheila: What's your office location so that I can send copies of the Bear Stearns documents? Thanks!" heard-m,"Okay. I thought you already had an account with them. My mistake. Also, do you have an account with Kravet? We found a piece of their fabric that we really liked. How was your vacation? I'm sure you're glad to be back!" heard-m,"Paul, Matt and Edmund: Attached is a copy of the Master Netting Agreement among BNP Paribas and Enron North America Corp., et al. It is imperative that this master netting agreement be executed as soon as possible tomorrow morning (11/27), so I am asking your assistance in getting this document signed. The UK entities to sign are EEFT, Enron Capital & Trade Resources Limited, Enron Credit Limited and Enron Metals Limited. Please leave the signature pages as set forth on the attached document, as Enron Metals may be deleted from the agreement. At this point, we aren't sure, so we will have it sign on a separate page and then if they are not a party to the agreement, we will omit their signature page. Please take whatever steps are necessary to have the attached document signed ASAP. Harlan Murphy (713/345-2679 is the lawyer here in Houston who prepared the document. Please contact either Harlan, Mary Cook (713/345-7732), Elizabeth Sager (713/853-6349) or Carol St. Clair (713/853-3989) if you have any questions. Bill Bradford is the Credit contact and his number is (713) 853-3831. When the document is signed, please fax the signature pages to me at (713) 646-3490. MANY THANKS!!!!!!! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Please be advised that Jay Williams will be our credit contact for all master netting agreement credit terms. Jay will also provide us with all counterparty names and maintain the list of agreements. Jay's phone number is (713) 345-3923 and, for e-mail purposes, he is listed as Williams, Jason R. (Credit)." heard-m,Cindy: Attached is a memo requesting the referenced Enron Corp. Guaranty. Please call me when ready and I'll send someone to pick the documentation up. Thanks! heard-m,"Carol: I apologize for not getting back to you on Friday, but it was pretty hectic here. There are no special provisions for a German counterparty other than the tax reps. We do have a treaty with Germany. Let me know if you need anything else." heard-m,"Robbi: Friday would be great for us, as long as it's not going to put you in a bind since you are trying to get out for vacation. Also, yes, I would like to look at your catalog. I'm so glad we're bosom buddies! We will offer our painting services to you if you want to do a faux finish at your new home." heard-m,"Jim: Per Francisco's request, attached are the Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. Let me know if you have any questions or need anything else. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Edmund! Can you assist me in obtaining copies of some confirmations? I just need a copy of one representative confirmation for the following: Conoco (UK) Limited and Enron Capital & Trade Resources Limited Conoco International Inc. and ECTRIC Conoco Limited and ECTRIC Societe Europeenne de Carburants N.C. and ECTRIC. You can either fax them to me at (713) 646-3490 or e-mail. THANKS!!!!!!!!" heard-m,"Here are XTO's comments. Please respond to those that are credit related, which appear to be most of them. Lucky you! Thanks!" heard-m,Susan: Attached are Frank's hedge fund forms. The first one is a blackline and the second one is the actual form. heard-m,Tracy: Will you handle this? Thanks! heard-m,"Richard: As you can see below, I just replied to Mark instead of forwarding to you. Credit is not throwing you off. They did send a revised worksheet. I have turned around comments and they have been reviewed by a lawyer. I have completed finalizing the comments, but since AA sent their agreement in pdf (which cannot be edited), I have had to turn around a hard copy of our comments. Can you give me a physical address where I can overnight our comments? Thanks!" heard-m,"Jay: Here are the comments for Georgia Power, Mississippi Power and Savannah Electric that I forwarded to Veronica. Brent Hendry is the lawyer working on these files. Let me know if you have any questions or need anything else." heard-m,"Janelle: As a condition to ENA entering into any new transactions with ConEd, Credit is requiring that ConEd execute the Amendment to Confirmation for Deal No. 514094.01 (to make sure both deals have identical credit). Should you enter into a transaction with ConEd, and they haven't signed the amendment to the existing transaction, the new transaction may have to be unwound. Please let us know if you have any questions. Thanks!" heard-m,Mr. Guinn: I have the Second Amendment signed by Enron North America and evidently deleted your e-mail regarding who I should send copies to for execution? Will you please provide me once again with this information? Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,You're the best! Thanks! heard-m,"Cindy: Attached is a form of Enron Corp. guaranty that we are required to deliver in connection with a confirmation. Please process this guaranty by the end of day tomorrow, as I must overnight it to the counterparty. Let me know if you have any questions. Thanks!" heard-m,Roeline: Here is the tax i.d. number for ENA Upstream Company LLC: 76-0318139. Let me know if you need anything else. heard-m,"Clement! Attached is the Amendment to the Enron Corp. guaranty delivered to Dynegy last week. The only change we made is to include a reference to the inclusion of master netting agreements in the second paragraph. If the attached is acceptable, please have signed and call me when it's ready and I'll pickup. Thanks for your help! Marie" heard-m,Please ignore my earlier e-mail forwarding the Deemed ISDA. Thanks! heard-m,"Hi, Joe: Tana said I should forward this e-mail to you and that you guys would prepare the assignment and send to us for review. Let me know if this is not the case. Please note that all of the deals, with the exception of the first one, are EOL deals. Thanks for your help." heard-m,"Hi, Veronica! Have you had a chance to review their comments?" heard-m,"Lech: I just spoke with Elizabeth Sager and she said there was no need to order lien searches for AEP as the contract expires in March, 2002. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Holly: I don't remember if I told you the specific date that my jury duty has been rescheduled to, but if not, it's now scheduled for Friday, September 28. Thanks!" heard-m,"Hi, Holly! If you update the July calendar, I have jury duty (yuk!) on July 20th. Thanks!" heard-m,"Tracy: Can you send the latest long haul SLAs to Pat since I don't have access to them. If you're not sure which ones to send, check with Robbi. Thanks!" heard-m,Our group is going out for lunch today. I'm free tomorrow and maybe Friday. heard-m,"Hi, Joe! Per my voicemail, will you send me the two confirms for AIG Commodity Arbitrage Fund LP and AIG Commodity Arbitrage Fund Ltd. I need to make some changes to them. Thanks!" heard-m,"Attached is the latest list of master netting agreement counterparties. The only addition is Western Resources (in bold). Also, I have added The New Power Company and Entergy-Koch Trading, L.P. which, along with PG&E, were previously executed. In addition, I have noted those master netting agreements that have been executed. Please let me know if you have any questions or need anything else. Marie" heard-m,"Pursuant to Jason Williams' request, I am attaching our draft Schedule to the ISDA Master Agreement, together with a draft Paragraph 13 to the ISDA Credit Support Annex. Please do not hesitate to contact us with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"We have received an executed financial Master Agreement. Type of Contract: Master Agreement (Industrial) Effective Date: August 2, 2001 Enron Entity: Enron Canada Corp. Counterparty: Albchem Industries Ltd. Transactions Covered: Approved for natural gas and crude oil products. Not approved for pulp and paper, weather, foreign exchange, steel, interest rate and currency or forward rate. Confirming Entity: Enron Canada Corp. Governing Law: Province of" heard-m,Thanks! I'll use this one and delete the disclaimer. heard-m,"Attached for your review are the revised Citibank/ENA and Delta/ENA confirmations. I am attaching only clean copies as the compare documents note all changes, not just the ones made today. Thanks!" heard-m,"Well, I guess that's why they get to have such nice, pretty stores. What's Eric doing up here meeting with the attorneys? Also, Jane said that Mary Nell and Peter were given packages? Is this true?" heard-m,"Hi, Cindy: Enron Corp. executed a guaranty dated as of March 29, 2001 in favor of The Bear Stearns Companies, et al, guaranteeing Enron Credit Inc.'s obligations under a Securities Loan Agreement and brokerage agreement that were originally executed by ENA and assigned to Enron Credit Inc. Andy Fastow signed this guaranty. Bear Stearns is now asking for certificates as to authority and incumbency, so I have prepared and attach them for processing. In addition, Enron Corp. executed a guaranty dated as of February 20, 2001 in favor of The Bear Stearns Companies, et al, guaranteeing ENA's obligations under the Securities Loan Agreement and brokerage agreement that were subsequently assigned to Enron Credit Inc. We asked Bear Stearns to return the original Enron Corp. guaranty and apparently they have lost it. In this regard, I am attaching a form of termination for that guaranty. If it is in order, please process it for signature. Thanks for your help and if you have any questions or need anything else, please let me know. Marie" heard-m,"Hi, Bernice! I don't think Legal needs to review your correspondence requesting this information, but we will still need to receive copies of the name changes, mergers, etc. Thanks!" heard-m,Steve: Here is another master netting agreement. Do you want me to forward the template to Cindy Midura or do you want to? I will ask Ed for a listing of counterparties and will pull documents. Thanks! heard-m,Sooner than January? I'll let you know if I hear of anything. I'm sure Mark H. is planning on you just integrating into ENA's legal group. heard-m,"Mary: Pursuant to Sara's request, I am attaching a list of the brokerage agreements and other documentation we either currently have in place or are negotiating with Goldman, Sachs et al. Please let us know if you have any questions or need anything else. Marie" heard-m,I don't have any exceptions. Thanks! heard-m,"Hi, Dana: We have received the original copy of the ISDA Master Agreement. In looking through the supporting documents, we noted two outstanding items: 1. We did not receive an original signed IRS Tax Form W-9 as required pursuant to Part 3(a); and 2. The Certificate of Incumbency we received was not an original and was dated November 14, 2000. We would like to receive an original certificate dated a current date. If you have any questions, please do not hesitate to contact either Frank or me. We look forward to receiving this documentation. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,Edmund: Attached is the signature page for the Dynegy master netting agreement. Please have two originals signed and return to me by fax ASAP (713) 646-3490. THANKS!!!!!!! heard-m,Attached is the current list of master netting agreement assignments. We will circulate a revised list periodically. heard-m,Susan: I think this is yours. Thanks! heard-m,"Hi, Greg! Mary Cook asked me to contact you regarding locating documents in connection with a couple of prepays. The first is a prepay (December 13, 1999) among ENA, Citibank, Barclays, Royal Bank of Scotland and Toronto Dominion. Is this Yosemite II? If so, I have copies of the ISDA, swap confirms, etc. Would you have copies of any other documents, or are there any other documents? Also, they are looking for documentation in connection with the Corp. prepay for December 2000. This was among ENA, Toronto Dominion, Credit Suisse First Boston and Morgan Stanley. Do you happen to have copies of these documents or do you know the project name in case they were prepared here? Thanks!" heard-m,Anne: Elizabeth said I should forward this to you. Let me know if I can help. heard-m,"Kate and Teresa: We are working on a time sensitive project and ask that you assist us in determining the names of various Enron entities by doing an historical analysis or whatever means you use. The entities I need info on are: Enron Gas Processing Company Enron Gas Marketing Canada Enron Oil Canada Ltd. Enron Oil Corporation Are these prior names of current Enron entities, are they existing entities, etc.? Please call me if you need any additional info or if my request is confusing. Thanks for your help! Marie" heard-m,Barbara: I have Williams (called Leslie and gave them to her). Jay Williams in Credit is working on J.P. Morgan and Bill Bradford is working on Duke. Leslie said she has already pulled Goldman and J. Aron. It looks like we should have them soon. heard-m,"Hi, Robbi! Thought I'd e-mail you rather than call and interrupt you. How are things going now that Lance and Carol are there? Hopefully, better. Mark gave me my review Thursday and I kept a copy of it to show you. Kristina managed to get her digs in, but, fortunately, Mark saw right through them. Our contractor is going to start work on our house the week of Labor Day, so we are having to pack as much as we can to move upstairs. We thought it would be perfect if we could find fabric to recover our furniture so that maybe we could send it out while the construction is going on. If your offer's still good, we would like your assistance in looking for fabric. We were hoping to take a day off to look for fabric but didn't know how that would fit into your plans. Would you let me know? Also, we need to schedule a lunch with Erica and Jane. What is best for you? Talk to you later." heard-m,"Tanya and Paul: Linda Anderson in Financial Settlements faxed me a copy of a Certificate of Amalgamation evidencing the merger of Norske Skog Canada Limited and Pacifica Papers Inc. with Norske Skog Canada Limited being the surviving entity. You both worked on these files--Tanya, Pacifica Papers and Paul, Norske Skog. Are you all okay with this merger from the credit side? Thanks!" heard-m,"Hi, Gennaro! I'm trying to pull all these documents together so that we can have them re-executed and I noticed that the Euroclear single Pledgor Pledge Agreement attached is not the same version we signed. The version we signed in RG500b(Pledgee's Representative version - 1998 Edition). Do you have this version that you can send to me? Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"We have received the following executed assignments: 1. Assignment and Assumption Agreement dated as of September 28, 2001 among Johns Manville Corporation and Johns Manville International, Inc. and ENA, whereby Johns Manville Corporation assigned Deal No. VH0047.1 to Johns Manville International, Inc. 2. Assignment and Assumption Agreement dated as of September 28, 2001 among Johns Manville International Group, Inc. and Johns Manville International, Inc. and ENA, whereby Johns Manville International Group, Inc. assigned Deal No. QP0373.1 to Johns Manville International, Inc. Copies will be distributed." heard-m,"Veronica: Can you provide me with a list of documents in place with Oneok (other than the ISDA) and the ENA entity and products covered under each agreement. I'm not familiar with the documentation that ENA Upstream, EES and EGLI would have in place with Oneok. Thanks!" heard-m,"Kim: I have been asked by our corporate paralegal to assist him in cleaning up the ENA corporate database as those individuals who have been appointed agent and attorney-in-fact to sign confirmations in connection with financial transactions. Mary Cook has a copy of an e-mail in the file to Brenda Herod setting forth the procedures and telling her that you verify the requests and notify Legal of any changes. In this e-mail, apparently Brenda asked that Mike Moscoso's and Kristen Hanson's appointments be revoked and that Lisa McClendon be added. Will you let me know of any changes that should be made at this time? Thanks!" heard-m,Please add the referenced counterparty for your conflicts check. Thank you. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,Matt: You can ignore the voice mail I left you a few minutes ago. William Morley is going to send me copies of the documentation. heard-m,"We are finalizing the master netting agreement among BNP Paribas and Enron Corp., et al for execution, and have received copies of all underlying documentation with the exception of documentation for Enron Metals Limited. Can you fax or e-mail me a copy of what documentation Enron Metals Limited signs--ISDA, general terms and conditions, etc. with BNP Paribas? We need to receive this documentation ASAP. Thanks for your help. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Per Carol St. Clair, at this time, there is no urgency in finalizing and executing any master netting agreements. No master netting agreement should be signed without Bill Bradford's or Louise Kitchen's prior approval. If any questions, please contact either Carol or Elizabeth Sager. Thanks!" heard-m,Susan: Jorge Garcia on the interest rate and currency desk forwarded this e-mail to me requesting certain RMT masters. Thanks! heard-m,"Also, if you have any gas contracts with Castrol Industrial North America, Inc. If there are only confirmations for both, please send me a copy of the confirm with GTC's. These documents are needed ASAP. Thanks! Marie" heard-m,I have been trying to call you but your phone never rings. I'm ready to go when you are. Give me a call if you can. heard-m,"Mr. Arens: Pursuant to Theresa Brogan's request, we have prepared and attach for your review a draft Assignment and Assumption Agreement among Enron North America Corp. (""ENA""), ECT Investments, Inc. (""ECTI"") and Goldman Sachs & Co. (""Goldman"") whereby ENA assigns all its rights, title, interests and obligations in Account Nos. 002-070076, 002-257830 and 033-671710 to ECTI. Please let me know if the attached documents are acceptable and we will process for signature. Thank you. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Robbi: If you haven't found anyone else to go, I would like to go. Just let me know. Thanks!" heard-m,Morris: Mirant has documents with ECC. Thanks! heard-m,"Erin: Pursuant to your request, attached are the Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex. Please let me know if you need anything else. We look forward to hearing your comments. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Athena: The Williams counterparties are: Williams Energy Marketing & Trading Company and Williams Refining & Marketing, L.L.C. I don't know about British Energy as that is being handled out of our London office. The following entities have been added to our master netting agreement list today: Forest Oil: Forest Oil Corporation Producers Marketing Ltd. Noble: Noble Gas Marketing Inc. Samedan Oil Corporation Tractebel Energy Marketing, Inc. My phone number is (713) 853-3907. Thanks!" heard-m,"Joe: Attached is the Annex B for each of Wexford Spectrum Investors LLC and Solitair Corp. As I stated in my voicemail, please do not send these out until you get the okay from either Frank Sayre or me. We are waiting to receive the underlying documentation from Caroline Abramo re eligibility, etc. Let me know if you have any questions or need anything else." heard-m,"Hi, Jaime: Attached for your further handling is the draft ISDA Master Agreement between ENA and the referenced counterparty. Please let us know if you have any questions or need anything else." heard-m,I sure did! thanks! heard-m,"Hi, Greg! Wendy Conwell in Credit here in Houston forwarded this worksheet to us to prepare an omnibus confirmation for a deal between ECC and Atco Electric. Since you guys are preparing confirms up there, I am forwarding the worksheet to you to prepare. Francisco Pinto-Leite is marking up the counterparty form of guaranty and will forward it to you also. Please let us know if you have any questions or need anything else. Thanks! Marie" heard-m,"Gentlemen: Pursuant to Jarrod Cyprow's request, I am attaching a clean and blacklined version of your form Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex, which reflect our comments to such forms. Please do not hesitate to contact us with any questions. We look forward to hearing your comments. Thank you. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Diane: In your spare time (HA! HA!) will you check and let me know the earliest outstanding trade dates for the following counterparties: Catequil Overseas Partners, Ltd. Catequil Partners, L.P. They are ready to sign the ISDAs. Thanks!" heard-m,Carol: Please copy me on e-mails forwarding credit worksheets to Legal. It's now my turn to assign the worksheets among the paralegals. Thanks! heard-m,"Eric and Russell: I spoke with Roeline Hudson at Torch just a few minutes ago. She is having a medical procedure today and probably won't be back in the office until Monday. She answered my question, so I will finalize drafts of the assignments and give them to one of the lawyers for review. The lawyer may want verification from Torch as to the appropriate entity that is the counterparty to the transactions being assigned (specifically the Dynegy trades), which evidence of authority Roeline will have to send when she returns to the office on Monday. Roeline stated that she has not received the additional documentation from UOM so she is not aware of any urgency in finalizing these assignments until all documentation has been delivered to us to finalize documents. We will want to see the additional documentation from UOM before we send the drafts out for review. Please let me know if you have any questions." heard-m,Another follow-up message re status of execution of master agreement. Please advise. Thanks! Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490 heard-m,"I bet Mary Nell was made that they wouldn't let her come back to Houston. I haven't heard anything. I know that several of our lawyers and Carol have been meeting to finalize a Master Netting agreement. There are some issues with the master netting agreement and some of the big financing transactions. Maybe that's what they are working on. If I hear anything, I'll let you know." heard-m,Gordon: Attached is the Deemed ISDA and fax cover page for Deal No. Y61166.1 between ENA and the referenced counterparty. Let me know if you have any questions or need anything else. heard-m,"Cindy: Attached for your further handling are an Enron Corp. guaranty in favor of the The City of Glendale, together with related secretary's certificates. Please let me know when the documents have been signed and I'll arrange for pickup. Thanks!" heard-m,"Hi, Roeline: We would prefer to sign the fee letter at the same time we sign the assignments. Yes, we will sign enough originals of all documents so that all parties can have an original. Hopefully we can get this wrapped up tomorrow, as I will be out of the office Friday." heard-m,Exceptions: Vacation Day - 10/5. Thanks! heard-m,"Martha: Thanks for getting the changes to the form of guaranty approved. Will you please have the guaranty dated effective as of January 1, 2001? Also, who will be the party signing the guaranty, and when can we expect to receive the signed guaranty? In addition, when the guaranty has been signed on your part, will you please fax a copy to me at (713) 646-3490? Again, thank you for your assistance on this. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Here is the executed masters list. We will try to get you guys on the distribution list, but if we can't we'll just forward the e-mail to you. Is there anyone else in your group we should add to the list?" heard-m,Correct. I just left you a voice mail re the termination. heard-m,Just cc: us on the copy. Thanks! heard-m,Debra: Will you pull any masters for me? Sharon: Will you check on ECC masters? Thanks! heard-m,Attached is the Annex B to be used for all future financial transactions between ENA and the referenced counterparty. Let me know if you have any questions or need anything else. heard-m,"We would like to schedule a meeting for Wednesday, October 10 from 2:00 to 3:00 in EB38C2 to discuss the materials Legal will need in connection with its review and approval of all confirmation templates currently being used. Please let me know if you will be able to attend. Thanks! Marie Dianne S. We will conference you in." heard-m,Ed: I just received these from Niagra Mohawk. I don't know if they are the same as the ones I sent to Tanya last week that she said she forwarded on to you to assign. heard-m,Attached for your further handling is the Annex B for the related transaction. Let me know if you have any questions or need anything else. heard-m,"Marcus: Attached are the form Master Netting Agreement, together with the Credit Support Annex. Thank you for waiting so patiently (NOT!!!!!) for this." heard-m,"We've had the lynch mob organized for some time now. We're just trying to use the ""kinder and gentler"" approach for now. But, if that doesn't work, look out!" heard-m,"Hi, Cindy: I'm assisting EBS in some of their trading work for awhile, so this is why I am sending you the attached memo requesting an Enron Corp. Guaranty. Please let me know when the guaranty is ready and I'll arrange for pick-up. Thanks! Marie" heard-m,"No, it doesn't. We don't have Calpine Energy Services Canada Ltd. We do have Calpine Fuels Texas, Corporation and Calpine Natural Gas Company." heard-m,We are coordinating a project regarding the preparation of various master netting agreements. This is a very time sensitive project and we are trying to solicit as much help as we can. Please attend a meeting this afternoon at 4:30 in EB38C2 to help us coordinate this effort. heard-m,"Yes. I do have a meeting at 10 this morning, but should be out around 11. Just let me know." heard-m,"(A) ""Independent Amount"" means with respect to a party, the amount specified as such for that party in each Confirmation, or if no amount is specified, zero. [(A) ""Independent Amount"" means with respect to Party A, the amount specified as such for Party A in each Confirmation, or if no amount is specified, zero and means with respect to Party B, the amount calculated as follows: on any Business Day, Party A shall have the right to adjust the Independent Amount due from Party B due to changes in the volatility of relevant markets or of Party B's portfolio of transactions with Party A (""Party B's Portfolio""). Party A will calculate such Independent Amount based on its internal Value at Risk (""VAR"") calculation for up to ten (10) days of VAR with respect to Party B's Portfolio, provided, however, that in no event shall Party B's Independent Amount be less than $250,000 if there are any outstanding" heard-m,Mike: We are still waiting on a credit worksheet from Credit. We can't proceed without a worksheet. heard-m,Okay. Do you want me to just walk down to your office? heard-m,"We have received the following executed financial master agreement: Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: September 11, 2001 Enron Entity: Enron North America Corp. Counterparty: City of Glendale Transactions Covered: Approved for all products with the exception of: Foreign Exchange Confirming Entity: Enron North America Corp. Governing Law: New York Special Handling Requirements: Please note that only transactions having terms that expire BEFORE June 30, 2002 can be documented under this ISDA Master Agreement. Copies will be distributed." heard-m,My gosh that was quick! Do you have ESP and knew I was going to ask you for this? heard-m,Joe: A mere technicality! Here is the revised Annex B. Thanks for catching! heard-m,"Hi, Diane! I just sent Gordon this e-mail asking him to send us a copy of the termination when sent to Grupo MINSA and received his ""out of office"" reply. Will you or whoever prepares the termination send a copy to me? Thanks!" heard-m,"Gordon: Attached are (i) Deemed ISDA for Nylon de Mexico, S.A. de C.V. - Deal No. V13764.3 and (ii) Deemed ISDA for Polykron, S.A. de C.V. - Deal No. V13764.4. Please let me know if you have any questions or need anything else." heard-m,"The address for Reliant Energy Services, Inc. is 1111 Louisiana, Houston, Texas 77002. Please let me know if you need anything else. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Paul: Pursuant to my voice mail, Elizabeth Sager is finalizing a Master Netting Agreement with AEP that is to be signed by ECTRIC, ECT Resources Limited, Enron Financial Energy Trading and Enron Coal Services Limited. It appears that John Sherriff is an officer of three of the entities and Stuart Staley is a director of Enron Coal Services Limited. Will you assist us in getting this document signed by initialling, if appropriate, and obtaining signatures and faxing a signed copy back to us at (713) 646-3490? If you have any questions, please call either Elizabeth Sager at (713) 853-6349 or David Portz at (713) 853-9239. Thanks for your help! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,No problem. I'll get them to you shortly. heard-m,"Hi, Robbi! How are things up your way? It's incredibly busy here--entering into numerous master netting agreements. Hope things quiet down soon. I can't take much more of this turmoil! Anne got her fabric from Schumacher Saturday. Do you have an invoice or will you let us know the total when you get one? There wasn't an invoice included in the package. The toile is so pretty. Thanks!" heard-m,"Wendi: Attached for your further handling is the referenced CA. When you receive the signed document from Poli-Twine, please have it initialled by a lawyer before having Bill sign. Let me know if you have any questions or need anything else. Marie" heard-m,"Mr. Smith: Pursuant to Wendi LeBrocq's request, I am attaching a draft Confidentiality Agreement between Enron North America Corp. and Sunlaw Energy Corporation. Please let me know if you have any questions or comments. If the attached is acceptable, we will prepare two original copies, signed by Enron North America Corp. and forward to you for execution. Thank you for your assistance. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Jay: It's your friendly pest AGAIN!!!!!!!! Do you have an address for me for Southern California and have you found out anything about ""Petro-Hunt L.L.C."" and ""Petro-Hunt Corporation being the same entity? Thanks!" heard-m,"Jay: Please add AEP to your list of counterparties for master netting agreements. If at all possible, can you provide us with the names of all related entities and contracts for those counterparties we gave you awhile ago as soon as possible so that we can begin pulling contracts? Thanks!" heard-m,"Mr. Giordano: We have received the executed copies of the ISDA Master Agreements for the referenced counterparties, however, we still need to receive the supporting documentation set forth in my letters transmitting the execution copies to you. For Catequil Partners, L.P., we need to receive items 1-5 set forth in my transmittal letter of 10/11/01 (copy attached). For Catequil Overseas Partners Ltd., we need to receive items 1-5 set forth in my transmittal letter of 10/11/01 (copy attached). We look forward to receiving these documents as soon as possible, so that we can close our files. Thank you for your assistance and, should you have any questions, please do not hesitate to contact us. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"I would like the Roasted Chicken Cobb Salad, with no eggs, if possible, and vinaigrette dressing. Oh, and extra sugar cookies, please! Thanks!" heard-m,"We have received an executed Fourth Amendment to Master Energy Price Swap Agreement dated as of October 26, 2001 between Enron North America Corp. and Morgan Stanley Capital Group Inc., which amends the definition of ""Exposure Threshold"". Copies will be distributed." heard-m,"Mr. Boytinck: Pursuant to Jason Biever's request, I am attaching, for your review, a draft Master Agreement between Garden City Plaza Ltd. and Enron Canada Corp. Please do not hesitate to contact either Anne Koehler, Senior Counsel (713/853-3448; anne.koehler@enron.com) or me with any questions or comments. We look forward to hearing your comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Samantha: Here is an e-mail from Chris Croom forwarding a counterparty's form of Confidentiality Agreement. He is leaving town this afternoon to go meet with them, so he needs the CA ASAP. I think I would first check with Kay Young to see if we have a CA with them, and if so, is it still active. Maybe we can just work off that form since the counterparty has signed it before. Let me know if you have questions or need help. Thanks!" heard-m,"Mr. Lopez-Velarde: Pursuant to our conversation attached is the form of guaranty that one of our business groups would like to send to a Mexican counterparty. Francisco has asked if you would please revise the guaranty to provide for agent for service of process, submission to governing law in Texas and submission to jurisdiction in U.S. courts in Texas. It appears that the form includes submission to jurisdiction in Texas and I have included a provision regarding agent for service of process. As I stated, we would like to have these revisions as soon as possible this afternoon. Thank you for your assistance. Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Celeste: We are reviewing ISDA opinions to verify if a Hong Kong entity can enter into derivative transactions. Once we confirm that they can, we will send the form Deemed ISDA to you." heard-m,"Please be advised that Sara has approved and Bill Bradford as signed, on behalf of ENA, the following documentation: 1. Fourth Amendment to Master Energy Price Swap Agreement between ENA and Morgan Stanley Capital Group, Inc.; 2. Amendment Agreement between ENA and The Chase Manhattan Bank; and 3. Derivatives Novation Letter among Deutsche Bank AG, Bankers Trust Company and ENA. Originals of the above documents have been forwarded to the respective counterparties for execution." heard-m,Here is Alan's status of Goldman/J. Aron. heard-m,"Mark: Attached for your further handling is the draft Master Agreement between Enron Broadband Services, L.P. and Dynegy Europe. Please do not hesitate to contact either Robbi Rossi (x57268) or Tracy Cooper (x59534) with any questions or comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Hi, Edmund! Can you help me obtain copies of some of your executed documents with BNP? I need copies of the following: 1. ECTRIC/BNPP ISDA 2. Enron Credit Limited/BNPP ISDA 3. ECTD /BNPP physical UK gas confirm (representative sample) I hope you know who ECTD is cause I sure don't. I am only assuming that because it's UK gas, it's a UK company. My fax is (713) 646-3490. Thanks for your help!" heard-m,"Hi, Paul: Duke was one of the master netting agreements we were working on. After checking with the lawyers who were assigned to work on the Duke master netting agreement, it appears that the agreement was never executed. Let me know if you have any additional questions or need anything else." heard-m,"Whatever, Steve's working on them. It is J. P. Morgan but we also have Morgan Stanley. Confused? We are." heard-m,"Yes, please. Also, please add taxes. We certainly don't want to do anything that will mess his records up since you all are so kind to do this. Do you want us to pay in advance? That won't be a problem either. Thanks!" heard-m,"We have received an executed financial Master Agreement: Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border) Effective Date: May 30, 2001 Enron Entity: Enron North America Corp. Counterparty: Petro-Hunt, L.L.C. Transactions Covered: Approved for all products with the exception of: Foreign Exchange Confirming Entity: Enron North America Corp. Governing Law: Texas Special Handling Requirements: No special handling requirements Copies will be distributed." heard-m,"Sharon: Does ECC have any physical gas masters with J. Aron & Company? If not, can you send me a sample gtc used? Thanks!" heard-m,"Hi, Tanya! Here is CSFB's draft Schedule and Paragraph 13 for Credit Suisse First Boston (Europe). We will do a comparison when we get a worksheet. Thanks!" heard-m,"Mr. Giordano: Attached for your review are clean and blacklined drafts of each of the following: 1. Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex - Enron North America Corp. and Catequil Partners, L.P. 2. Schedule to the ISDA Master Agreement and Paragraph 13 to the ISDA Credit Support Annex - Enron North America Corp. and Catequil Overseas Partners, Ltd. Please provide us with the following information needed to complete Parts 5(p)(b) and 5(p)(d) of each Schedule: 1. Date of each limited partnership agreement; and 2. Date of each investment management agreement. In addition, please verify that Catequil Associates LLC is the correct party to sign both agreements as general partner of each of the limited partnerships. Please do not hesitate to contact Frank Sayre (713/345-7894; frank.sayre@enron.com) or me with any questions or comments. We look forward to hearing your comments. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Kim: We are in the process of cleaning this mess up. Sally Beck and Rogers Herndon are both given power of attorney to sign confirmations and they are both officers of ENA, so they can already sign documents. Go figure! If it's not too much trouble for you to verify those who should be removed then I can double check against my list. I don't want to remove someone who should be left, nor do I want to leave someone on who should be removed. Thanks for your help. P.S. For timing purposes, we are shooting for Monday to finalize documentation." heard-m,"Hi, Liz: Pursuant to Craig Breslau's request, I am attaching the draft Schedule to the ISDA Master Agreement, together with Paragraph 13 to the ISDA Credit Support Annex between Enron North America Corp. and Pursue Energy Corporation. Please let me know if you would like for me to send you a hard copy with the pre-printed forms attached. Please do not hesitate to contact us with any questions or comments. We look forward to hearing your comments. Thanks! Marie Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"We have a scheduling conflict with our conference rooms. Is everyone available from 9:00-10:00 Wednesday, October 10? Same conference room. Sorry!" heard-m,Attached are a clean and blacklined version of P.M.I.'s Amendment Agreement with our changes noted. Please let me know if you have any questions or need anything else. heard-m,"Ms. Rosenthal: Sara Shackleton just left for vacation until after Labor Day, but asked me to respond to your e-mail regarding sending us your completed ISDA schedule. Our Credit Department has said that Enron Corp. will provide a parent guaranty for ECT Investments, Inc., however, they would like for CSFB to also provide a guaranty since CSFB (Europe) is not a rated entity, or provide independent financial statements for CSFB (Europe). Our Credit Department did not provide us with a cap for the Enron Corp. guaranty. You can send your ISDA Schedule to my attention and we will proceed with reviewing same. Thank you. Marie Heard Senior Legal Specialist Enron North America Corp. Phone: (713) 853-3907 Fax: (713) 646-3490" heard-m,"Sounds great! Sorry we won't be able to help move, unpack, babysit (or should I say ""queensit"") but unfortunately we'll be celebrating Anne's birthday (no, not her 34th!) the same day! Hopefully we'll make it up your way next year to visit and most importantly, meet ""The Queen"". Love," lenhart-m,the law student was the replacement b/c the real one was such a fuck up. sorry i didn't call you guys back last night. i didn't get home until 8 and the sopranos was on. lenhart-m,"i forgot you had a wedding. i don't go up to austin all that much. i usually stay down here and go out. where do you work up there again? i am sure you told me, but i forgot. where are the good places to hang out? is it 4th st?" lenhart-m,sorry i didn't get back to you last night. i was on the other line with paige. i am so pumped about her. lenhart-m,everyone was pissed cause we lost. what did you do this weekend? lenhart-m,"i was thinking somewhere that requires a jacket, like tony's. someplace that is like $30 an entree." lenhart-m,max and jen are looking for you. call them at 303-832-8160. they haven't heard from you in a while. lenhart-m,we will definately go party. i went to the game and it sucked. so your test is this weekend or the following? sat there is a big party at garden in the heights. lenhart-m,"no problem. hull said it wouldn't be a good party anyway. you know you didn't fall asleep, it is called passing out." lenhart-m,yeah i had one. her name was mandy and she was the sweetest dog and my dad has one currently and the dog isnt retarded. all dogs are dumb. they are called dumb friends b/c they don't speak. lenhart-m,i was sober and i remember how it went down. i said one rude thing in the car and that was it. you were just going nuts and wouldn't let it die. you kept flipping out on me. lenhart-m,it isn't that big of a deal. why don't you just relax about the whole thing. lenhart-m,"i have to go to a dinner tonight, but i will meet up with you guys at the grasshopper if you want. we need to check that joint out. call me on my cell and we will hit it." lenhart-m,don't be fucking stupid. i wouldn't do it straight up when i could get points. lenhart-m,math is universal. me =/ lenhart-m,"yeah, paincourtville, la. i don't know where the fuck that is." lenhart-m,i am tired. you snore. lenhart-m,alright. talk to you later. lenhart-m,comfort suites is like $800 total for 4 nights. cheap as it gets down there. i was just thinking we would all pile in and save some money. only condition is that ryan doesn't go on a booze cruise and piss on himself. lenhart-m,i dont think you look like her anymore. my judgement was off that day. i was around paint fumes looking at houses. lenhart-m,i was being nice. you kept starting it and then blaming it on me. you were going nuts. lenhart-m,i dressed up as a cow with utters and everything. i walked into sierra and there were only a few people dressed up. it was so emabarrassing. lenhart-m,only if i have a bad day. if i have a bad day will you let me come over and kick it? lenhart-m,i got a ticket. fucking girlfriends. girls hate football. lenhart-m,just call me on my cell phone. i am going to happy hour after work to eat and drink. lenhart-m,no i am not lying. i flew here last night. lenhart-m,calling you a fat ass. i am serious about which restaurant is better. lenhart-m,that was a mistake. i don't know what i was thinking. i need to stay home. lenhart-m,sweet. you can start by picking up the tab at capital grill. lenhart-m,i am not joking. it will just be temporary until i get back on my feet. lenhart-m,i am up for a few drinks tonight. maybe lz's or something laid back. i want to feel like a champ tomorrow. lenhart-m,i am tired. your dog kept me up all night. lenhart-m,"i just want to meet some models down there. i don't hang out at discos thought, but if i was in miami i guess i would. i think i would need some new clothes b/c all i wear is polos and khakis." lenhart-m,i will. so what did you guys do to stay up until 7am on sunday night? lenhart-m,the enron stock is down again. 13 days in a row. lenhart-m,i will let you know. i need to run after work. lenhart-m,i am thinking of going to woodrows again and partying on sat like last time. do you want to golf sat? lenhart-m,give me a shout later. we need to dress up and party regardless. lenhart-m,"i think hoskina is having a going away happy hour, but after that i am not doing anything. i need to watch hockey." lenhart-m,how was the weekend? did i miss anything on saturday night for halloween? lenhart-m,i want to see what my market value is. i don't know what is going to happen here. if you want to do a happy hour let me know. maybe tomorrow after work or something. let me know if you are up for it. lenhart-m,yeah. i think they will go to the rose bowl. lenhart-m,"i hate notre dame. tim, i need to get down to your office today." lenhart-m,you obviously haven't seen my new swing. you need to be on your best game to take my title. lenhart-m,that was great. that is as funny as i get. lenhart-m,do you think the avs will close out the blues tonight? they haven't looked too good the last two games. lenhart-m,i slept on the edge. you kept tugging on the covers and tried to spoon with me. its cool though. lenhart-m,i went to val's wedding. it was a blast. how did a wedding get busted by the cops? what type of people went to this thing? lenhart-m,i think we might go to the garden in the heights party or r&r for halloween. we are going to watch the game first. let me know if you hear of anything else. lenhart-m,"sorry i had to run last night. so the word is now that enron has about 4 or 5 companies looking to take us over. aol, lucent, revlon?, and a few others. i will give you a call later." lenhart-m,i didn't get your email in time. my number is 713-807-1699h and 713-825-8410c. we went to sierra and it sucked. total banana farm. lenhart-m,i am going to sell my car and use the money to get the field. go- go dancers everywhere. lenhart-m,lets bet your dinner on it right now. i think i might need to pay up to get a lenhart-m,hey grandma. how is it going? i just purchased my ticket for grand forks today. i get in on saturday the 9th @ 12:20pm. i am looking foward to seeing everyone. love lenhart-m,oh my god! i am all worked up here at work. i am going to find you a hottie right now. lenhart-m,good to hear from you. looks like you got out at the right time. ene is a sinking ship. your boy fastow and skilling have sunk it. are they making you work 100 hour weeks yet? lenhart-m,i will. i will sleep in the middle. sat is going to be the best day of my life. lenhart-m,meeting up with boone and luis and whoever. if the broker goes we will just get some free drinks. date went well. i had a good time. lenhart-m,let me know. i will be up for some drinks. lenhart-m,ok. what are you guys doing for halloween? boone was thinking about having a party to watch the lsu game and then go out to r&r. i guess there is some halloween thing there. let me knwow what is going on and we can see what is up for later. lenhart-m,i won't be a waiter for more than a year. it takes time. it isn't like i will change my profession to a waiter. it will just be something to pay the bills. i don't know why it is so hard for you to understand that. i haven't heard about my house. lenhart-m,"Coach Jim Haslett had put together the perfect New Orleans Saints team. The only thing he was missing was a good quarterback. He had scouted all the colleges, and even the high schools, but he couldn't find a ringer quarterback who could ensure a Super Bowl win. Then one night, while watching CNN, he saw a war-zone scene in Bosnia. In one corner of the screen, he spotted a young Bosnian soldier with a truly incredible arm. He threw a hand grenade straight into a 15th-story window 200 yards away --ka-boom! ""I've got to get this guy!"" Haslett said to himself. ""He has the perfect arm!"" So, he brings the kid to the New Orleans and teaches him the great game of football, and the Saints go on to win the Super Bowl for the first time in history. The young Bosnian is ""canonized"" as the Great Hero of football, and when Haslett asks him what he wants, all the young man wants to do is to call his mother. ""Mom,"" he says into the phone, ""I just won the Super Bowl."" ""I don't want to talk to you,"" the old woman says. ""You deserted us. You are not my son."" ""I don't think you understand, Mother!"" the young man pleads. ""I just won the greatest sporting event in the world. I'm here among thousands of my adoring fans."" ""No, let me tell you,"" the mother retorts. ""At this very moment, there are gunshots all around us. The neighborhood is a pile of rubble. Your two brothers were beaten within an inch of their lives yesterday, and today your sister was kidnapped in broad daylight."" The old lady pauses, and then tearfully says "" ...I'll never forgive you for making us move to New" lenhart-m,oh. that is different than your first response. quite different. i am going to email your friend jen and see what she thinks. lenhart-m,i booked my flight home on june 30th. i arrive that afternoon and leave to houston on the 7th. so have the frig packed with food and beer and be ready to golf. looking foward to getting home. love lenhart-m,thank god. i feel so much better. i was worrying about it in the shower this morning. thanks for letting me know. lenhart-m,that actually works out better for me. i will meet you at mi luna at 7. that is the place in the village correct? lenhart-m,of course i do. i want to see my sweet baby. how was your day off. did you buy me an xmas gift? lenhart-m,he was just trying to run up our p/e. some of the things these guys did was fradulent. lenhart-m,what are you doing at work so early? i am already pumped to go out this weekend. fri was bad for susan and eric. they were the only one doing shots. everyone else was fairly sober and just hanging out. it was pretty discusting. let's hit the town this weekend. maybe even thurs. how was dc? i heard that place is a blast. lenhart-m,"you said the line worked well and when i first started reading that i was like ""hey now!"". you never know. you could be a wild woman on vacation if you never have to see those people again." lenhart-m,your mom didn't say she was ugly. stop lying. i think that girl is hot so i don't care. lenhart-m,the blonde did have a hot body. she doesn't have as pretty of a face. tough loss last night. lenhart-m,it works. thanks again. lenhart-m,great. good to hear. i got back last night. lenhart-m,maybe. why? lenhart-m,6:30 is fine with me. i will meet you at the bar. lenhart-m,i hope this isn't a pic of a naked old man again. what has been going on? i haven't heard from you in a while. lenhart-m,sorry i didn't call you back last night. i got home around 9:30. i will give you a call tonight. how about the huskers? that was violent. lenhart-m,yep. i was going to try and talk to her but she was reading and listening to a walkman. i was sweating like a freak when i was running. probably scared her. it looked like i was evaporating. lenhart-m,are you sure you are looking at the correct one b/c i don't see her on yahoo. i think you are lying b/c she is not gross. lenhart-m,"i think chad is pissed we aren't going to austin. he sent me a message that said "" u snooze u lose"". what the fuck is that?" lenhart-m,i am not dating her. i only went out with her a few times. i doubt we will go out again. how about you? have you been dating a lot lately? lenhart-m,r&r was fun. we went downtown first and it sucked. i felt like i was in kabul w/ all of al queda. r&r was packed though. i didn't get there until around 1am. when are you going home? lenhart-m,give me a call from dc when you get a chance. love lenhart-m,we might have a cook out or something on sat. if that is the case i will let you know. lenhart-m,i thought we would win. they suck. i hate football. lenhart-m,should have taken the bet and given the points. i didn't hear from you when i offered that. lenhart-m,what is it. i got to know. i need some new chicks. i need the weekend. today totally sucks. what are some good books to read? lenhart-m,i need to call that girl tonight. you have got to give them a few days before you call. i wanted to take her out thurs but the stanley cup is on. maybe fri is better. take your girl out then and we can meet up later for drinks. lenhart-m,"she isn't gross . she is hot. you need to see her on tv. like i said, that is not a great pic." lenhart-m,i have to hold off until vegas. my liver is sore from this past weekend. i have to go home and nurse it at night. lenhart-m,i just ordered my ticket about 5 minutes ago. i arrive in fargo on the 9th at 12:20 pm. the ticket was $430. i am looking foward to seeing everyone. i think it will be fun. i am going to bring my clubs. i have a new golf swing after a lesson i took a few weeks ago. hope all is well. thanks for picking up the bill for my ticket. i really appreciate it. love lenhart-m,i think i can make it tonight but tomorrow night the hockey game is on. i need the range. just send your resume when you get a chance. enron is looking for a ton of people. lenhart-m,i went to denver east. have you heard of it? i haven't heard of your friends that work here. i like working here. it is pretty exciting on the trading floor. are you guys going out tomorrow night after the rehersal dinner. lenhart-m,"i didn't get thrown out of a casino. i had to leave this bar b/c they over charged us by $300 so i argued w/ the manager and he said i had to leave. i was pissed, but i didn't get physically removed or anything. these guys at this club tried to rip us off and i was pissed. i didn't out do my birthday either. we drank a lot but it was over long periods of time. it wasn't like on my birthday when we just slammed everything as fast as we could." lenhart-m,"it depends what type you get. if you get one of those little furry dogs that you can carry with you everywhere, then i can't like that dog. if you get one with personality like a bulldog it can stay at my place. those little furry dogs act like cats." lenhart-m,i am just kidding. i wouldn't ever pay for it. anyway i am going with people from work so it woulnd't look to good if i was bringing hookers into my room. lenhart-m,what happened to the avs? are they going to shit their pants again this year? lenhart-m,yep. looks like i found the formula. lenhart-m,i am going out tonight to get wasted if anyone is interested. jill allen finishes her cpa today and she and her friends are going to party. lenhart-m,"you were letting me have it. i deserved some of it b/c i made some bad jokes, but overall you were pretty brutal. i think i am heading to baton rouge for the game this weekend instead of partying for halloween." lenhart-m,let me check with him and see what night would be good for him to go up. we are golfing on fri so sat might be a better time to get up there. i will let you know. lenhart-m,sounds fun. i think i am going to go out there at lunch and get some dancing in. lenhart-m,go florida! they shit their pants this weekend. lenhart-m,this is the group throwing the party at r&r sat night. check some of the photos at the link at the bottom. lots of hotties. lenhart-m,http://www.bonniebernstein.freeservers.com/ this is the site and she doesn't look like a man. danm it. lenhart-m,just kidding. you need to relax a little. lenhart-m,next sat might be better. i don't think mitch is gonna be able to make it and everyone was out of town last weekend. let's do it next sat if you are in town. lenhart-m,"not much. i am trying to sell my house so i have been looking for a new house recently. there are some cool things that i have found. i have been going out a little, but not like we did in the beginning of the year. that was fun. when i move i will throw a big party and we can start it up again." lenhart-m,i just don't know if they can ever handle that defense. they didn't make any good adjustments in the 3rd period. lenhart-m,all i know is we can never go back to teala's. i don't want to get banned at front porch also SUSAN! lenhart-m,sure. you buy something and let me know how much i lenhart-m,"i think i met a few of your friends that night, but i don't remember who is who. it seems like such a long time ago. any time is good for me next week. let's get together on tuesday? let me know if that is good for you." lenhart-m,why are you staying with her parents? won't that kill some of your fun? how good was the deal? lenhart-m,your last sentence sounded like an indian speaking english. i was wondering why you didn't respond. jury duty sucks huh? have you been going out at all? lenhart-m,yeah. it is math. lenhart-m,why would you shoot yourself? chicks go home with guys all the time. lenhart-m,call me at home if you go out. i will be home around 7ish. lenhart-m,i don't want to be a soilder during the war. where are you going if you go out? sierra? let me knwo if you decide to go out b/c i think it would be a fun night. lenhart-m,no it is nice. i shouldn't have any problems. lenhart-m,"Melba- Here is a list of the companies that we would like to have access to the physical PG&E Topock product: Enserco Energy, inc. Reliant Energy Services, Inc Duke Energy Trading and Marketing, LLC Aquila Energy Marketing Corp Aquila Risk Management Corp Arizona Public Service Company BP Amoco Corp BP Energy Co Calpine Energy Services LP Coast Energy Canada, Inc Coral Energy Resources, LP El Paso Merchant Energy, LP Enron Energy Services, INc Enserco Energy Inc Mirant Americas Energy Marketing LP PG&E Energy Trading- Gas Corp Sierra Pacific Power Company Tractebel Energy Marketing INc TransCanada Gas Services TXU Energy Trading Company USGT/Aquila LP Williams Energy Marketing & Trading Company PanCanadian Energy Services AEP Energy Services Avista Energy Inc Western Gas Resources Sacramento Municipal Utilities Division PG&E Core (no credit) Nevada Power There might be a few more companies to add in the future. I will get back to you if we need to update the list. Please let me know how quickly these changes will in place. Thank you for your help. Matt" lenhart-m,too late. meet me at my house. lenhart-m,great. way to go. you will lose this weekend. lenhart-m,Stephanie- I manage a restricted gas product on EOL. The product is PG&E Topock # 51408. I need to add Occidental Energy Trading and TXU Energy Marketing to the list of counterparties that have access to this product. If you could notify me when they have been added I would appreciate it. lenhart-m,i remember you. i was pretty drunk though. hopefully i didn't make too much of an ass out of myself. we hit it really hard that night for my buddy's birthday. how was your bachelorette party? are you back in austin now? lenhart-m,read this article. it is a little dramatic. lenhart-m,i might go. depends on this week. lenhart-m,sorry i haven't called you back. i am in portland. i don't get back until tonight. i will call you when i get home. hope all is well. lenhart-m,what do you think of the avs chances tonight? don't forget your clubs. lenhart-m,you don't know what that means? where did you grow up? india? lenhart-m,those photos are all stretched out. i can't believe you don't think she is lenhart-m,i don't know but i don't want to make it. i just want to stay home. lenhart-m,why? don't you think you would lose that bet? lenhart-m,i have a tee time for sat @ 11. let me know if you think you can play today. the course is sienna plantation. lenhart-m,we can go somewhere nice. real nice. lenhart-m,what is going on? so is the wedding in miami now? do i need to buy some club clothes for south beach? lenhart-m,i have a type and she fits it. you obviously didn't know who she was. so is your boss going to make you take out her son? lenhart-m,what the fuck is numbers? i hate live music. lenhart-m,i still need to decide whether or not i am going. i think this guy is putting an offer on my house and i might need to look for a house. how was bama? did you party after we rolled them or was kenny to pissed? lenhart-m,you partied it up at jazz fest? i still have never been. who did you go there with? lenhart-m,how was happy hour? i was golfing when you called and i didn't get the message until late. lenhart-m,i am not that picky. she is nice it just didn't work out well. we had fun it just hasnt took off. one of those deals. lenhart-m,memorial all packed up. we can go out there and just try to get on. hopefully around 2:30. maybe you can get out early and get our names on. lenhart-m,we are going in saturday. thanksgiving was great. i played golf all weekend. how was yours. i really appreciate you sending that resume on. did you get this reply earlier? my cpu keeps blowing up. lenhart-m,you are so mean. why can't you be sweet like me? lenhart-m,give me a shout at work when you get a chance. 853-7176. lenhart-m,i can't come the last week b/c of work. that is when prices get set for next month gas. it is a very busy week and there is no way for me to get out of it. when are grandma and grandpa coming? lenhart-m,congrats tom tom. you can reach me at: 1212 fairview #A houston lenhart-m,excellent idea. meet you at my house then. great. lenhart-m,i saw that you guys called around 4am. partying huh? what were you guys doing until 4? lenhart-m,are you leaving in 15 min or something? i think i am out of here. i need a haircut. lenhart-m,you can't be cheap if you take me out. i won't stand for it. lenhart-m,i know. i love working here. i wish it would just get fixed. i don't think mgmt has informed us of what is going on completely. lenhart-m,"enron would probably do something like this, but i think you need to contact that charity group. they might already have a team. it is good to see that you are such a philanthropist." lenhart-m,we are meeting these people sunday morning at 10:30am to go to the golf tourney. i will have to pick you up around 10 or you can meet me at my house at 10. lenhart-m,"> Two buddies, Tony and Steve, are getting very drunk > at a bar > when suddenly Steve throws up all over himself. ""Oh, > no. Now Jane will > kill me!"" Steve says. > > Tony says, ""Don't worry, pal. Just tuck a twenty in > your breast > pocket, tell Jane that someone threw up on you and > gave you twenty dollars > for the dry cleaning bill."" > > So they stay for another couple of hours and get > even drunker. > > Eventually Steve rolls into home and his Jane > starts to give him > a bad time. ""You reek of alcohol and you've puked > all over yourself! My > God, you're disgusting!"" > > Speaking very carefully so as not to slur, Steve > says, > ""Nowainaminit, > I can e'splain everything! Itsh not what you think. > I only had a > couple drinks. But this other guy got sick on me... > he'd had one too many > and he just couldn't hold his liquor. He said he was > very sorry an' gave > me twenty bucks for the cleaning bill!"" > > Jane looks in the breast pocket and says, ""But this > is forty bucks."" > > ""Oh, yeah... I almos' forgot, he shit in my pants, >" lenhart-m,did you take his v-card? i don't think i ever dated one. i like my women fast. lenhart-m,now i know you are lying. yesterday the lie was about a poodle. why can't you just be honest with me? the lies and deceit hurt me erin. lenhart-m,you just need it all the time don't you. don't you like me for me? or am i just a boy toy to you? lenhart-m,no really. it was a blast. little tired but i can rally for tonight. lenhart-m,"i don't know. i am going to golf sunday morning at the woodlands which is very nice. i don't want to be real hung over, but i still might go out. tonight i am definately going out." lenhart-m,"i might go out. i don't think that i am dressing up. are you going out? i would be up for going out, but i have nothing to dress up in." lenhart-m,she is nice. i don't think it will lead to much. do you know that girl paige? lenhart-m,yeah baby! that place is gonna lenhart-m,oh. my bad. i must have had you messed up with some other girl i made the bet with. lenhart-m,i am tired b/c i kept waking up with no covers and my butt was hanging off the bed. i looked at you and you were covered up to your neck with the covers in the middle of the bed. you look like you slept well. lenhart-m,are your boys ready to get rolled sat. night? lenhart-m,i am at the venitian. i am going to stay in the rainman suite. should be a good time. i can load up and get some hookers and just have an old fashioned good time. it is a good stress relief. lenhart-m,"it isn't going to be happy. let's just call it what it is "" deal with being unemployed hour at the bar""." lenhart-m,"i can't remember if i sent these to you guys or not >""You Were an Accident!"" > > > > > >""Strangers Have the" lenhart-m,i guess i am going up there saturday. i think i will try to take it easy on friday. i can definately tell that i am not 18 anymore b/c i cannot recover at all. i am also going broke going out. lenhart-m,i am ready to go tonight. you going out? lenhart-m,the wedding was fun. drank a lot during the day and i was worn out sat night after the game. i am staying here this weekend. lenhart-m,our going out contest. are we starting that tonight or do you concede? i don't know why she thinks i am high maintanence. lenhart-m,"he went home already. we went to dinner mon & tues. i am just going to chill this week and party on saturday, maybe even friday a little. are you going out tomorrow?" lenhart-m,i think the only way to burn it on my cpu is download it and then burn it. what is xp? lenhart-m,i haven't watched them at all. every time i try to watch hockey they are not on. i am gonna watch their next series. who are they gonna play? lenhart-m,i think we are now going to r&r. boone has free passes. lenhart-m,this weekend i had to go to baton rouge for an engagement party. i am going to stay in town this weekend. i might try to go tubing or something like that. what did you do this weekend? are you in town for memorial day? lenhart-m,are you kidding? why would you want a chihuahua? those dogs aren't even friendly. do you think they are cool b/c of the taco bell dog? lenhart-m,do you like the avs chances? i think it should be an awesome series. lenhart-m,oh yeah. he doesn't sound like a lot of fun - if you catch my drift. what are you guys doing for the bachelorette party? if you need entertainment i might be for hire. i would totally give those chicks a thrill. lenhart-m,i have to go to butt-fucking mississippi. i am not looking foward to that but don't tell val. the following weekend i will be ready to rock. lenhart-m,i think she is one of jen's cougar friends. that is such a chick thing to do. lenhart-m,we will see what the line is. either you will take it or you wont. don't try to negotiate. lenhart-m,"i went to grab some pizza, ate and then passed out. those shot i did with those girls wolly knew put me over the edge. sorry about taking off like that. i had a good time, but i ran out of energy quick." lenhart-m,i spoke with him this weekend and the place he mentioned was comfort suites. it would be $200/each for the whole week if 4 were in a room. a condo would most likely be more expensive. lenhart-m,i will be in vegas. send her my regards. lenhart-m,probably not. i think you should understand my situation. lenhart-m,are you going to do your halloween party or what? i will start telling jill and her friends. i think you should do it. i will help you out with everything on it. lenhart-m,does anyone have that email where that ut dude gets all drunk? i need to read it for inspiration. lenhart-m,i think we should wait in line at the grasshopper next time so we don't waste our night. we will know for next weekend. lenhart-m,yeah. i had it picked out and everything. i had to call the dealer and tell him i am not going to suprise you with it. we can still go to dinner tomorrow night though. lenhart-m,maybe i will come home the 16th of may. let me see and i will get back to you. lenhart-m,no. you are so gullable. lenhart-m,what did you do this weekend? i gave you a shout on fri to go out. you didn't miss much. we went to the grasshopper and that joint sucks. it is really cheesy. lenhart-m,yeah. i think we are hitting the strip clubs. lenhart-m,they inked the deal. dynegy has aquired us. lenhart-m,"ditto. work is it. i am going to vegas this weekend, so i got that going for me." lenhart-m,no. i was home before 10. definately party tonight and golf tomorrow. lenhart-m,let's definately go next thurs. i didn't hit it either b/c the hockey game was on. did you get a date for tonight? i am going out with one of those p.t.s. let me know and maybe we can meet up. lenhart-m,what time do you want to leave tomorrow? around noon? lenhart-m,i thought it was. i think that girl is hot. if i won $80million that is the girl i want you to hook up with. lenhart-m,yeah i will be in town this weekend. i have something to go to fri but i will definately be out on saturday. what are you doing? lenhart-m,those brides maids are ready to party. this hotel is right on south beach. lenhart-m,that is probably what i will end up doing. i need to find some really nice smelling oil though. lenhart-m,"mostly internal trading. bidweek starts today, so we will see if physical volume picks up." lenhart-m,pay more than i want. so from now on you need to pay when we go out. lenhart-m,i will let you know tomorrow. i leave sat morning so fri would be perfect. i think six days is kind of trendy so i am going 4 days. lenhart-m,yeah baby. i was there two weeks ago and there were hotties everywhere. i am going to come home in the early part of july and we will figure out the final details. lenhart-m,"they did talk to the trading floor yesterday and everyone was upset. the only thing i can say for him is that at least he has hung around and stood in the fire. skilling and fastow bolted. i have no respect for them. i guess his golden parachutte was in place since 89, but that was a situation in which the company is trading at 80 and we are taken over at 110. not 90 down to 10." lenhart-m,what is up with the avs? are they going to shit their pants again? lenhart-m,"i am not going to do that. my job is too good here. i want to live in denver, but i want the job i have here. i can go there later. hopefully i will get paid and it will work out." lenhart-m,"daily dose on enron - we are finished. i need to now get a job at house of pies b/c that is the only way to pay the bills. the economy is down and when enron collapses, the energy industry is going to be in a world of hurt. not to mention the market is going to be flooded with enron folks. can't go to anymore lsu games unless i get a free ticket." lenhart-m,it is tough to watch because they cant stop shit. i need to email the paper and complain in this article. lenhart-m,thanks for that email. i just opened it and everyone say that shoot across all 4 screens of mine. i will talk to you later b/c i have to go up to hr now. lenhart-m,i think that all they do is bark and freak out. they aren't good dogs. they aren't friendly. and i am not angry. lenhart-m,sorry i didn't get back to you last night. i will find out who is in town. i talked to some people and they are up for it. we could watch lsu and then go to r&r. they are having a pimps and prostitute party. lenhart-m,i am not sure if i am moving or not. i wont know until the beginning of the year. i am back and forth on the decision. i am glad your sis is ok. i did get a room for 160. i am sure i will split it with some of those guys. lenhart-m,no. i got her number though. i want to hook up with that girl paige in the brown leather jacket. what happened to you? i had a blast that night. lenhart-m,sure. we can probably get out there and play at 3. lenhart-m,i am definately staying in town. i don't feel like battling that traffic. lenhart-m,i am going to a broker dinner at capitol grill. i am going to head out afterwards. i will give you a call later. lenhart-m,we might go get some food and spirits after work if you are interested. i am going to butt-fuck mississippi for val's wedding. i will be in town the rest of the month so i am ready to start tearing up houston again. let me know if you are up for drinks after work. lenhart-m,for easter i just stayed in town and golfed all weekend? what did you do? did you go to central and regulate some punks. what are you doing this weekend? i am going to vegas. i haven't been home at all this month except for last weekend. i have to go to buttfuck mississippi next weekend for a wedding. lenhart-m,it is on espn so that won't work. if i was you i just wouldn't go. just hit the dinner. lenhart-m,let me know when you want to go out. i can go out any night. lenhart-m,dietz's bachelor party was ok. we did the same thing that we did at val's. i am not going to the tenn game. i might go to the florida game. lenhart-m,yeah. just go ahead and do that. how about the houstonian? youre the best. lenhart-m,"only one thing i said was rude, which i apologized for, and you wouldn't let it die. most of the stuff was started by you. you were just venting frustration you weren't able to communicate when you're sober." lenhart-m,i am going to the strip club. do you want to meet me there? i will get you a lap dance. lenhart-m,whatever. ride would be good. lenhart-m,i got home fine. what was the name of that book you told me about? was it the 4th deminsion? lenhart-m,sorry i didn't call you back last night. i didn't get home until late. looks bad over here. everything was business as usual until yesterday. i think our books were so cooked that it is beyond repair. i will call you later. lenhart-m,i had to wake up early on sunday so i didnt feel like going. were there a lot of hotties? lenhart-m,yeah. i am going to a dinner at pappas steakhouse and then going to party. i will call you at 2am. lenhart-m,i am up for it. should be a good weekend to live it up. lenhart-m,so i got us a hotel room in caymen. it can sleep up to six and it is $880 for the three nights. if all 5 of us stay there that is 176/ea. we have it for thurs-sat night. lenhart-m,the product number for pg&e topock is 47085. the correct company name for transcanada is the division of transcanada. thanks for your help. lenhart-m,that is disgusting. watch for me i will be the one dancing like a maniac. lenhart-m,i just looked at the prices for flights to cayman and they run around $600. this is going to cost over $1000. start saving now. lenhart-m,why not? you don't like those things? you get penis straws and everything. lenhart-m,he is a winner. kansas might turn into a 6 win a year program with cooper there. lenhart-m,i cannot make it. my parents will be in town this weekend. lenhart-m,"i think they have two rooms with two double beds in each. jen knows the details, but i heard we need to make reservations within the next week." lenhart-m,i tried to watch it but i couldn't stay awake. it didn't start here until 9 and i have to get up at 5 so it is to hard to stay up. how did they look? st. louis has had a good rest so it should be interesting to watch them in that series. i will watch the next series b/c it will probably be on tv at a normal time. lenhart-m,don't worry. you and jen just need to be ready to party. lenhart-m,what is up jill? i just got in town last night so i am not sure where i am going to watch the game. what have you been up to? i am definately going to party after the game. give me a call later and i will let you know where we are going to watch the game. lenhart-m,i might. i need to go running or something. lenhart-m,how was hawaii dog? did you leave the room? lenhart-m,call me again when you get a chance. i lost your lenhart-m,i am not fighting with you at all. you are just grilling me. you are an angry person. lenhart-m,i doubt it. i want to go party afterwards and dress up for halloween. are you going as gi joe again? lenhart-m,try his email address which is pederliefkjeseth@hotmail.com. that is the only way i know how to get in touch with him. i haven't booked a flight yet but i will soon. lenhart-m,what is shawn's cell phone number? he was supposed to stay at my place last night and he didn't show up. lenhart-m,if i could get a guaranteed contract plus tips i would skip the trip. remember how great my legs would look dancing all over the chicks. lenhart-m,oh it is going great. so great to hear from you. how is everything at the top of the building? lenhart-m,did you get her to sign a service contract? i won about lenhart-m,you didn't send the number. just call me on mine @ 7138258410. i am thinking tealas and sitting out on the porch. lenhart-m,i thought i won the tie breaker. what happened? lenhart-m,i just went to dinner. let me know about thurs. good luck on the test. lenhart-m,watched lsu and then went to r&r. we got pretty drunk. you guys sounded like you were partying also. did you have fun? lenhart-m,i bought my ticket. i arrive on that saturday @ 12:20pm. i will email grandma. lenhart-m,dynegy trades around their assets. they aren't big risk takers like enron. looks like the deal is now done. now we just need to wait and see what happens. lenhart-m,"i will be in town. i have a dinner to go to at 6:30, but i am going out after that. you should give me a call. i think you have my cell phone number right?" lenhart-m,i couldnt see it b/c it was surrounded by a wooden fence. i know you didn't get a dog. unless you took one of your 2 hour breaks before lunch. lenhart-m,i have stronger will than you think. house of pies here i come. lenhart-m,i didn't want you to go. i was just going to sleep anyway. i was too tired to give you any action. enron is blowing up. lenhart-m,jen's dad better buy a bunch of booze. and the schrutt's better take us somewhere nice for the rehersal dinner. and jen's friends better put out. lenhart-m,i guess i do but i wouldn't be suprised either way. you can show me it this weekend. lenhart-m,that is all we can do is attack his mom. i am all for it. she should be ashamed of producing such a jackass. lenhart-m,do you want to send your resume to enron again? they are on a big kick to hire some new people. might be worth your while just to take a look and see how it compares. lenhart-m,susan forgot to reply to all. i think this was directed at you bass. susan said: why the heck am I getting all the crap on this one....I'm not the one who came back to the table with puke on myself. lenhart-m,you guys want to watch the game at woodrows tomorrow? there will be some girls there and then we can get them to meet up with us at that garden in the heights party later that night. plus we can be outside watching it. lenhart-m,you didn't have fun at the small town wedding? i had to go to one in mississippi this weekend. it was actually fun. vegas was two weekends ago. that was a blast. work covered everything so i lived like a rock star that weekend. where are you moving? maybe we can get drinks or something this week. lenhart-m,no. it means i am excited to go. lenhart-m,next week is good for me. let 's just go get a drink after work or something. who is your new roommate going to be? that sucks you have to waste a saturday moving. lenhart-m,i wasn't that drunk on saturday. i was just joking. i felt great on saturday. like a champ. people get married younger than you? wow. what the hell do they do if they get married that early? lenhart-m,whatever gillette. i will be feeling all loose and relaxed while i am whooping it up at the grasshopper tonight. lenhart-m,can i just charge the spa to your account? so now that i am your boy toy what do you want me to do? lenhart-m,i went to high school in denver. i have only lived here for 2 years. no wonder you hate houston. there is nothing up in north houston. lenhart-m,"nope. we talked a couple of times and tenatively planned to go out, but last time i called she didn't call back. she sounded like she has a situation w/ her ex or she just might not like me. that is hard to belive though." lenhart-m,are you going out this weekend? i think you said you had a wedding to go to or something? were you hurting on wednes morning? lenhart-m,what is up? this weekend i am going to n.o. for a wedding. what are you up to? did you have fun on sat? i had a good time. are you going out tonight? i think we might hit up milagro. lenhart-m,i am excited to watch it. so you got a promotion at work? that is good news. what is your new job going to be? lenhart-m,i think that i need to give my resume to your brother in law. enron is collapsing. lenhart-m,it wont let me in. says i need to login. lenhart-m,"my friends are liars. this past weekend was an anomaly. it isn't bad to go out and party like a rock star every now and then. i will be in austin this saturday night, so maybe we can get together in austin. we will probably be at it pretty hard again. i have a friend coming in from new orleans so he will want to hit 6th street." lenhart-m,call me. i cant find your number through the operator. lenhart-m,"i found a bunch of tickets to fargo. most run through minneapolis. the cheapest is $432. the earliest arrives at 12:30 and they have one at 2, 3, 5. let me know what you guys have and i will coordinate the times accordingly." lenhart-m,i am going to watch lsu sat and then go to that party at garden in the heights. should be fun. let me know what is going on for your party celebration when you finish. lenhart-m,she called me. she keeps in touch with me. she spilled the beans on the plans to move the wedding. i think if we went to cayman we would spend over a grand each. miami will rock. lenhart-m,i thought that was your area code. kind of freaked me out. you can be a little crazy sometimes. just kidding. don't mess with texas is good. it is about to get really hot here. we reserved a room at comfort suites. i think that is where everyone is staying in the caymens? i am looking foward to it. should be a blast. when is the bachelorette party? what are you guys going to do? lenhart-m,call me later. let's get some drinks some where laid back and try to meet some honeys. let's go to lz or something. lenhart-m,i live inside the loop here and usually don't leave unless i have to golf. outside of the loop is pretty ugly. which part of houston did you grow up in? lenhart-m,times are getting tight for me. i really liked that house i saw yesterday. i figure since you are not spending money on a dog you can spend it on me. lenhart-m,i definately need to throw in some shit about that and all the stripper sluts we met in vegas. or the hooker scott hooked up with. that would make a good speech. lenhart-m,i thought that you said you were sharing a suite with them. thanks for the pics. lenhart-m,whatever. i think you are messing around and you probably love the comparisson. lenhart-m,did they look good or lucky to win? how is roy playing? lenhart-m,i cannot go to denver the last week of may b/c i have to be here for work. the last week is when we set gas prices for the next month. i think the best thing for me to do is come to phoenix one weekend. i have been golfing lately. i got a lesson and the teacher gave me a new swing. i am kind of struggling with it now. i think it will take me to the next level. i will try to call you and grandma this weekend. lenhart-m,"i am glad to hear it. it is ok, it isn't like i need the money or anything. how was your date?" lenhart-m,this is unbelievable. seems like the worst is yet to come. if they have to end up issuing more stock this thing can go to $10. lenhart-m,i don't think so. sometimes the sun shines on a dogs ass but i don't see that happening again. lenhart-m,does that make a nice scent when baby oil and lotion are mixed? i am first going to rub fake tan all over and then grease up. i am just going to wear my new thong and my new gold bracelet. i am going to look awesome when i am dancing. i don't know what you should be. i think you can do better than gi jane though. you could be an umpalumpa for willy wonka. everyone loves those little guys. lenhart-m,what is going on? did you end up going out on sat? lenhart-m,"who sings that song ""harley davidson of a bitch""? i think you said it was elo or something." lenhart-m,boudreaux- what's up? are you going to the tenn game? lenhart-m,no thanks. what aabout the happy hour with the hottie? lenhart-m,sweet. i need a golf allowance then. i can drink beer every night and golf all day while you work. that would be so sweet of you. i cant wait to do that. lenhart-m,i was in new orleans for tim blanchard's wedding. we watched it and then went out in the french quarter. i will probably watch the game this saturday at woodrows. i don't think i want to drive in for the game. lenhart-m,745 sucks. we will hit it sat night. lenhart-m,when are you riding into baton rouge? sat or fri? lenhart-m,i was going to go running after work and then maybe stop by. who all was going to go? lenhart-m,have you guys reserved a room for caymen yet? i heard the comfort suites is where everyone is staying. let me know if you guys just want to load everyone up in one room like back in high school. lenhart-m,looks like i am going to work at denny's. stock is down about another 2.50. lenhart-m,it was good. had some good meetings and stuff like that. didn't party or anything. lenhart-m,i am interested in going to the game. i could be up for it. lenhart-m,lets head up to austin on saturday night. i got an email from that girl at the black swan. she lives in austin but will be at a wedding on sat. lenhart-m,the only thing at la strada is a bunch of nancy boys. are your friends trying to meet gay guys or are they gay? lenhart-m,i just heard that before and tori was joking w/ me about that. i don't get it. are we starting our contest tonight? lenhart-m,you think this weekend will be more packed than next? let's just do it next weekend. that way mitch and i can both head in. tim might be able to make it then also. lenhart-m,nice. i knew that would be a better choice. saturday night is on dog. we are going to golf sat also if you are in. let me know. tee time is at 11. lenhart-m,where did you look her up? i dont know what you are talking about b/c she is skinny and pretty. lenhart-m,i am sure they are. houston won't be too affected b/c most of the layoffs affect satelite offices. economy should be good here. lenhart-m,the assets are marked up and we cant sell them. the problem is that we have tapped out our credit lines and we need another $2 billion. seems like we are racing against the clock. lenhart-m,"i just wanted to let you know that i am not considering moving to the denver office. i don't see myself in a marketing role at this point in my career. although this year has been up and down, i am enjoying my role on the desk. i think the opportunity that you have given me as a basis trader is too good to give up. the denver opportunity was just under consideration as an opportuinity to move back to denver. we can talk more about it if you would like on monday." lenhart-m,people are pretty upset todya. they have completely fleeced us. lenhart-m,good. that is what i like to hear. lenhart-m,i don't like double standards being put on me. i am the only one that can do double standards. lenhart-m,are you hurting this morning? my lifestyle has to change within the next 5 years or i will be dead. lenhart-m,"i am going to stay here. i am going to the ut/a&m game on fri. i am just looking forward to hanging out and relaxing. i need to get some sleep, relax and get my mind off of enron. seems like it is day to day on whether or not we are going out of business. it is wearing on me." lenhart-m,i havent looked anymore. i will look this weekend. i think i need to pay more than i want to. how old is your dog? lenhart-m,i was going to come home this weekend if you knew them. we would have to set up a service contract with those chicks. lenhart-m,my bad man. i got your message around 930 and i went to bed after that. let's hook up with them this weekend. what is up for tonight? i say we hit club no minor on sat and then uropa. we need to tear it up some. lenhart-m,"i heard saturday, but that looks like it is the following sat. that would work out perfect. i am ready to tear it up." lenhart-m,i have a room reserved. it is $160/night. we can split it up and pay $40 each which is cheap. i think it is around jan 12th. i have the room from that thurs-sat. lenhart-m,"who told you if you look good with hair you will look good without it? that sounds like a george costanza. hair is important to women under 45. i wish i could make this ski trip and see you in action again, but south beach calls." lenhart-m,i don't know for sure but that is what one of jen's friends said. i didn't know if you guys had heard that or not. don't bring it up if max hasn't mentioned it. i think miami would be a lot more fun. lenhart-m,"does miami suck? i haven't ever been there. i have been to caymans and they are awesome. it is really laid back and very expensive. either place will be fun, i just think miami will be a better night life." lenhart-m,yeah. i couldn't get an opp to talk to her. did you know lenhart-m,what is a better restaurant to work at? house of pies or denny's? lenhart-m,it was ok. we went to the lsu game and lsu lost so we came home that night. what did you do this weekend? lenhart-m,how was moving this weekend? did you still want to get a drink after work tomorrow? lenhart-m,i heard dc is fun. i don't care what we do. we were talking about going to boone's sat and hang out on his porch and drink before we go out. i think he has a patio in his backyard. lenhart-m,i felt fine. i was just tired but i didn't feel bad. my golf game sucks but that is b/c i have a new golf swing after my lesson a couple of weeks ago. this swing is going to take me to the next level. i think if trading doesn't work out i will have something to fall back on. lenhart-m,"i told dehart to get ahold of me at my parents place. i think he called, but i didn't get the message until sunday. you guys are all welcome to stay at my house. i am sure my parents would love to see you guys again. i am sure my parents will wonder why a bunch of old, fat, and bald 30 year olds are staying at their house instead of a hotel. as for robie, we can give him a blanket and he can sleep out in the side cart of his dirt bike. when is this trip?" lenhart-m,i knew you would bag me again! if you have to work there is nothing you can do about that. i am going to baton rouge on saturday for an engagement party. i will probably go out on friday. when do you get back from chicago? give me a call and maybe we can do something next week. lenhart-m,definately. let me know. lenhart-m,"famous vassigh quotes: ""pass the butter"" ""you gonna finish that?"" ""if loving this cake is wrong, i don't want to be right"" ""i can eat twice as much of this ice cream b/c it is fat free"" ""food in lousyana is overrated. texas food rules"" ""texas biscuts rule the world"" ""i like my cookies texas size"" ""don't mess with texas banana" lenhart-m,sorry about that. we were running so late and we couldn't find green. we did turn south and drove around until 12:30 and figured we were too late. i figured your phone died. we ended up at memorial and i played like shit. i was so dead from the night before. i should have slept all day. we can tee them up sometime soon. lenhart-m,"i tried to call yesterday, but you guys were not home. i did speak with grandma and grandpa. grandpa sounded really bad. i am a little worried after speaking with him. he sounded to tired to even speak. i think i need to get out to phoenix to see them soon." lenhart-m,you kept rolling back over and laying into me. you are the one who said you wished i was dead. you went crazy. you were pissed all night. you were venting on a soap box for about 2 hours. lenhart-m,"sorry i didn't make it over sat, i passed out. how was sat?" lenhart-m,i think miami would be more fun than cayman. cayman is really laid back. miami = hot lenhart-m,"step up and go out like a man. stop crying like a lil' bitch. sierra is gonna be packed with girls dressed like lil hookers. go home, nap and then be ready to go by 8:30-9." lenhart-m,i just did that and she is not in there. she does not look like a man. she is a hottie. lenhart-m,i will be watching. have lenhart-m,yeah. she is cute. i heard she was divorced but i wasn't sure. little young to be divorced. lenhart-m,nothing happened with either. so what is up with the divorced girl? do you know her? lenhart-m,you didn't buy a dog. i want to see the receipt. lenhart-m,hell yeah dog! they betta be ready to get up on deez nuts. lenhart-m,did you get a lil' chihuahua? i hate those things. lenhart-m,colorado beat texas a&m. i know you remember the bet. lenhart-m,"it isn't oozing, just itching. it was worth every penny. i think this hooker really liked me." lenhart-m,prompt month is out there. it is nwpl rox. lenhart-m,there is a band? what is going on this weekend? lenhart-m,you should just put 5000 on the lakers. you wont make 5k but you will definately make lenhart-m,your retarded. i used to have one. they are great dogs. lenhart-m,"did you talk to her recently or something? i have been out of time a lot this month. i went to vegas this weekend and i feel like shit now. i had fun with her, but i really didn't hear too much from her so i just took it as an indication." lenhart-m,just did. let me know what she says. lenhart-m,">""You Were an Accident!"" > > > > > >""Strangers Have the" lenhart-m,i think i am going to dress up as a chippendale stripper. i am going to oil myself up and go out in a thong. lenhart-m,did they look lazy? they always seem over-confident. lenhart-m,definately. tell him i trade west basis in the natural gas market. i appreciate it. lenhart-m,"you know, whatever. i will let you know later. what are you doing tonight." lenhart-m,"look, damn it, they have all the personality in the world and they are not that big. i don't think you know what a cockerspaniel is." lenhart-m,lisa lisa- what have you been up to? you still moving to india or is your buddy moving back here. lenhart-m,thanks. i heard boone was in rare form though. i am dead tired right now. lenhart-m,here is our bet on cu/a&m game this summer. i have cu -8. we can think of a dinner later. lenhart-m,thurs night was ok. we went to taco milagro. that place is full of old folks now. how was the weekend? lenhart-m,kam - could you give me access to view this site please. my login is mlenhar. lenhart-m,do you guys want to hit el patio early on saturday and get some blue ritas and then head over to uropa? that would be a good night to go tear it up completely. lenhart-m,"did you get chad's email? i would rather go up next weekend. i will go up this weekend if you are up for it, but if not i think we need a good excuse." lenhart-m,i am going to stay in. i need to find a house. lenhart-m,real sweet. you have a stone heart. lenhart-m,my 401k is now worthless. i have no money. lenhart-m,nevermind. so why didn't you think that girl was the type i go for last night? how was the game? lenhart-m,i will be in nd. i think my plane lands 10 min. after yours. avs got worked last night. i don't have a good feeling about the series now. they had no answer for the defense. lenhart-m,those were pretty good. how is everything in phoenix? it looks hot. lenhart-m,saturday is definately on. fri i am up for whatever. maybe happy hour and turn in before 2am for once. lenhart-m,i think the best guy to contact is a guy named ted bland or karen buckley. i think he heads up the trading track program. this is the best way to get into trading now. you have to do 3 6mo. rotations in different trading support roles. contact him and he should be able to get you more info. hope that helps you out. lenhart-m,"no, but i saw that they won tonight. it was close. is sakic going to be ok?" lenhart-m,who is better for the avs to play? what has been going on in denver? lenhart-m,this is still my email. what is going on? how is your business doing? lenhart-m,nintendo doesn't count for your handicap. how about the avs. that was the most impressive game they have played all post season. lenhart-m,enron is going to be a penny stock pretty soon. sec is investigating now. lenhart-m,what are the odds of enron making it. seems that we are in a cash crunch. lenhart-m,sounds good. have a good time. i think i am going to stay in town and golf. we will go party some other time. lenhart-m,i am going with work. another boondoggle. lenhart-m,yeah. i can email it to you. i will give you a call later tonight. lenhart-m,i got them. i left you a voice mail last night. send me your address and i will mail them today. lenhart-m,if you act enthusiastic(sp?) then you'll be enthusiastic(sp?)! lenhart-m,how was this weekend? did you get into anything? lenhart-m,it is a good work out for you to move up 3 flights of stairs. did you move it all yourself or pay someone to do it? mi luna is good for me tomorrow. i love their ritas. how about we go around 7. i can pick you up or just meet you there if you are going straight from work. lenhart-m,congrats. that is good news. what else is going on. lenhart-m,i got a few of them. i have a rash now in my lap. lenhart-m,are you guys using all your tickets? i can buy one today if you guys are using yours. probably a good idea for me to buy it anyway. i think that i am going in sat morning. lenhart-m,i'm bored. tell me a story. lenhart-m,you love it when i come over. i satisfy your appetitie for lovin. lenhart-m,"i don't remember half of that night, but i do remember you in the bathroom. sierra is fun on wednesdays isn't it?" lenhart-m,i am out of town. i am in portland. you can buy me dinner when we get back. lenhart-m,this situation reminds me of kids with imaginary friends. what is your imaginary friend's name? lenhart-m,so everyone is pretty pissed over here b/c there is a report that ken lay will get $80 million if he doesn't join the new company. he is getting a golden parachutte for ruining the company. lenhart-m,"you think houston is the armpit of the world? i love it hear. the weather sucks in the summer, but other than that it is a blast. so you do work for strip clubs huh? that is interesting. what is your stripper name?" lenhart-m,13 days straight. it is trading just over $11. lenhart-m,sorry man. can't make it. i have a dinner at cafe annie's lenhart-m,you didn't think that was funny? do i need to explain that one? lenhart-m,i will invite you to be my caddie. you can carry my clubs and clean them for me. if you do a good job i will give you a crisp $5 bill. lenhart-m,thanks for including me. i don't think i will be able to make a ski trip durning that period. i have to go to miami and party on south beach. sorry. maybe if something was scheduled around spring skiing (feb-mar) i could definately go. robicheaux is bald? i remember that bastard was so hairy when i was living with him. i used to have to shave the soap in the shower after he used it. i know some of the houston guys would like to go skiing so keep us informed. lenhart-m,"i will be here on fri night, but sat i am going to tim's engagement party. i think i will be out on fri." lenhart-m,i think they are all bark and no bite. i think they could get their asses kicked by cats. they look like they were doberman pinchers who were shrunk. you should get a cockerspaniel. lenhart-m,whatever. i try to be nice and pay you a compliment and you turn it on me. i guess i will just never compliment you again. lenhart-m,i felt fine. i woke up at 5am to work out. i guess you are just a candy ass. just kidding. i have a dinner to go to tonight with some broker then i am heading downtown. i will give you a call this weekend. have fun at the wedding. lenhart-m,"val is getting married there. his fiance, celeste, is from there. mississippi is so cool." lenhart-m,austin tomorrow. you lenhart-m,you still mad at me? you were pissed last night. lenhart-m,did you get any sleep last night with your new dog? when do i get to see this alleged dog? you probably got one of those robotic dogs. what is its name? lenhart-m,yeah baby. i am a limited partner. lenhart-m,tux has been ordered. speech is being considered. lenhart-m,tim should have it. so are you getting nervous. vegas rocked. what time does the wedding start and how long of a drive is it? i bet you're nervous. let me know if we need to keep a car running out front. lenhart-m,yeah. i sent it in this morning. lenhart-m,actually they are not looking at us. some of our lawyers defended revlon. i heard it wrong. lenhart-m,your past few months have been just as bad. at least i didn't close uropa b/c i was puking in the bathroom. lavorato-j,Christina and Joe Congrats. I'm very happy for you guys. We have been out of touch for way too long. lavorato-j,Great!!!! lavorato-j,"Hi my name is Joooohhhn Lavorato from Tarona Canada. How the hell are you guys? Where the hell are you guys? Call me, I'm still an Enron hack." lavorato-j,"Tim - It doesn't need to hit the dpr. - Mike's job is not to respond to rfp's - If this isn't working then it means that there wouldn't have been agreement over money at the end of year - which is another problem - Finally, I could of paid Mike half of what I paid him and he would still be sitting in his seat. He needs to figure out a way to be a team player and build the business. We're not trying to build Stat Oil here. - If we don't reward our originators properly, we won't have any. Having said all that. If your marketers want to go back to the old system and risk getting underpaid, maybe that's the best answer. Call me." lavorato-j,Maybe you can have a diesal position. If you can justify it to me and Rick Buy. Talk to Shankman and see who in his organization runs that product. lavorato-j,"Same a mid year I'm smarter than everyone else. Just in Case * Managed a Trading group that is up 2 Billion (more if you included hits taken) - probably not due to me. * Left a lot of money in Canada - some is still there. * Led the PPA deal - which I will resign and buy personally if you want to turn it back. * Created the Gas Fundamentals Group which every business unit is copying. * Came up with LTP which everybody hates but will fix our trader shortage in the future and every company is copying. * Trained many great young kids in Calgary that are now key players in Houston. * Created structure and communication around our system strategy - brought traders, IT, and back office together to create a plan that everyone has bought into. The future success is unclear but the exercise was very worthwhile. * Had very few VAR violations and helped improve our understanding and reporting of VAR. Completed mended the relationship between gas trading and the risk group. * Should get most credit for the increase in power trades on EOL and the continuation of the increase in Gas. * Turned the East Power group into a focused trading group not a think tank that bets on July-Aug power price - Still nowhere near completion. * Put a halt on the hiring of unqualified people - Have spent many hours devising a plan to bring in qualified - experience people. You will see this implemented in 2001. * Experimented with the ""Pay PRC"" which I think was very successful. I think this will start our organization to think a little differently and hopefully in a way that will benefit us. * Possibly the best accomplishment is ""Killing the Dragon"". I'm glad you made me write this list down because for the first time in months I realized that I was smiling while I was writing." lavorato-j,vp ranking - call if I missed anyone. Allen - Superior Arnold - Strong Presto - Excellent Wolfe - Strong Lagrasta - Strong Baughman - Strong Shively - Superior Sturm - Superior Neal - Excellent Martin- Excellent Schweiger - Excellent Belden - Superior Swerzman- lavorato-j,"Recession, What Recession. Barton Creek was full the weekend of the 20th and 21st. Dorie managed to get me a room. However, the Golf times were non existant so I figured I would play it by ear and try to book later. If you and Donna want to join us feel free. The next weekend the 27th and 28th is the weekend that I may go to Vegas. I may also stay and play lots of Golf here. Let me know your thoughts." lavorato-j,PLEASE PRINT THIS FOR ME. I'LL NEVER BE ABLE TO PRINT. lavorato-j,Wait until Louise gets back. These should not be big. ie 50 and 125 at most. I'm not even sure that Irvine is the right guy in the end. lavorato-j,"After a great deal of work the Canadian team has renewed our outsourcing arrangement with PetroCanada for another 5 years. This was a great accomplishment for Enron Canada. The Logistics, Accounting and Commercial execution over the last 3 and 1/2 years played a key role in extending this deal." lavorato-j,This is pretty sensitive stuff. We should talk about whether we need to distribute it at all and if so who should get it. I have no ideal why Heizenrader is getting it. lavorato-j,"Please move the names_jlavora.nsf and jorunal_jlavora.nsf files to the appropriate locations on his mail server (nahou-lnmai16). You can either hit me on the Nextel (56517) or page me (713-327-9348) when this is ready, so I can complete his iPAQ installation. Thanks -Mike" lavorato-j,Rob You simply can't negotiate on a choice market. Are your owed past fees for management? Let me know. I don't run industrial markets and Greg would have to settle this dispute. You would lose. lavorato-j,Dave I agree with all your points. There had to be a first time. I've been blowing Ted off because of the markets last week. Let's get together this week with Ted and discuss the future. Kim please set up meeting with Ox and Bland and me. lavorato-j,"Tim You will get stopped out. I talked to David Port today because last year we spent a lot of time cleaning up gas var and now we must spend the time fixing power var. However, until its fixed I have no choice but to use the reported numbers." lavorato-j,"There seems some confusion about the ""AMPS"" project. This project continues to be an Enron North America project." lavorato-j,"I thought Eric was gas. Depending on the cost profile we would probably still do this. The question is do you buy options on sites, buy sites, and whether or not you pursue permits." lavorato-j,Kevin Can you get our new reports- ie. off peak prices and positions and heat rates put on the executive viewer. Thanks lavorato-j,John Aronld was curious about the outsourcing deals we were pursuing. Could you please update him on the deals we are getting close on. lavorato-j,Linda Is was nice meeting you at the pro-am. I hope you had as much fun as I did. Can you pass my phone number and email address to Rob Davis. John Lavorato Lavorato@enron.com 7138537991 lavorato-j,Ken I hereby resign from the management committee. John lavorato-j,Ken I was able to enjoy the basketball game last night in your seats. My family and I had a wonderful time. Thanks John lavorato-j,"Kevin Can you settle this guy down. As well as always whining about his fake trading account, he wants to accellerate out of real time early. Tell him to do his time and learn. Also he wanted to go to Harry's group next which is a mistake. He needs to learn the business not the derivatives." lavorato-j,Steve looks ok. Although I always thought I built Canada. I guess not eh. Lavo. lavorato-j,I asked everyone for their A/A needs and received very little feedback. Please respond promptly. Thanks lavorato-j,I would like to do a phone interview and then I will bring him in if I like him. Send me a resume and then I'll set him up. lavorato-j,"Andy, I show he is to attend. Please let me know if there is anyone further that you would like to attend. k Andy Zipper 11/15/2000 10:24 AM To: Lorraine Becker/HOU/ECT@ECT cc: John J Lavorato/Corp/Enron@Enron, Daniel Diamond/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Lydia Cannon/HOU/ECT@ECT Subject: Re: Marketing Reports I would like Bob Shults to be present.