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John thought you might be interested in the following from the credit markets....
Play by play during the call on the 5yr Enron Credit Default Swaps from Morgan Stanley: 1.
5Y BIDS GETTING HIT ON OPENING AS EARNINGS NEWS LOOKED LIKE CLEANING HOUSE.
250.
2.
DURING THE CONFERENCE CALL; WHICH APPARENTLY WAS UNCLEAR, TICKED OUT 255,260,265.
3.
LAY INDICATED NEAR END OF CONFERENCE "NO RATINGS ACTION ANTICIPATED".
MINUTE CONFERENCE ENDED MOODY'S WATCH NEWS RELEASED.
280 BID.
4.
LAY ALSO MENTIONED 3Q NEG CASH FLOW DUE TO SOME CONTRACT ROLLOFF.
UNCLEAR MESSSAGE.
5.
ENE SAYS COMMITTED TO "INV GRADE" RATHER THAN "A" 280/325 Summary from Morgan Stanley after the call: CREDIT DERIVATIVE UPDATE: ENRON CORP AFTER THE NEWS THIS AM ($1 BIL.
CHARGE), THE COMPANY HOSTED A CALL AT 10AM NY TIME.
THE CALL DID NOT GO WELL & ENRON SPREADS ARE HEADING WIDER IN CREDIT DERIVATIVE LAND.
MKTS ARE SPOOKED B/C: 1) MOODY'S WATCHLISTED CO NEGATIVE, 2) ENE STATED "THEY ARE COMMITED TO INVESTMENT GRADE RATING," WHICH IS A CHANGE FROM THE SINGLE-A BOGEY THEY ONCE EXTOLED, 3) CO. DID NOT ADDRESS ALL LIQUIDITY CONCERNS, AND 4) MORE CHARGES COMING?
5YR MARKETS: ENE (PRE-WTC): 165/185 ENE (8AM TODAY): 240/260 ENE (WEEK AGO): 250/300 **ENE NOW: 275/350 Clearly the above are a function of what people think they heard...I did not alter any of the email.
In general MSDW likes Enron credit but this is how they see the market.
Enron is one of the most actively traded names in the credit derivative market.
Let me know if you want updates as the market gets more clarity and works throught the details
| reaction from the credit markets on the earnings call |
Pls.
join a meeting in Greg's office today at 4:15 p.m. today to discuss management's recommendation to the Board of Directors on Project Southwood.
Thanks.
Paula
| Project Southwood Meeting |
Joe, I have slotted you 90 minutes w/Greg on Wednesday @ 4:00 p.m. Greg is scheduled to participate in a Houston conference call @ 5:30 p.m. You guys are connecting again for dinner.
Please let me know the time and location for dinner on Wednesday night.
Also, Greg says his schedule is open enough that he would like to hang out on the floor w/you and your guys.
He will be officing over by John Sherriff and the mobile number he's carrying is +44 7901516638.
Many Thanks, Liz Taylor
| Meeting Confirmation |
Hi Matthew, Greg will be in the London office from early Tuesday afternoon through end-of-business day on Thursday, June 7.
Are you available to meet w/him for about an hour?
He's available Tuesday afternoon until 5:00 p.m. Wednesday there are a few slots available, and Thursday he is wide open.
Please advise.
If you could e-mail me your availability that would be great.
Also, Greg will be carrying mobile number +44 7901516638.
Many Thanks, Liz Taylor
| Meeting Time w/Greg Whalley |
Greg Whalley's four diamond level Astros tickets, plus parking pass, are available for the games listed below.
Please advise me, asap, if you have an interest.
Many Thanks, Liz Taylor x31935 COL Wednesday, June 20 @ 7:05 p.m. CIN Thursday, June 21 @ 7:05 p.m.
| Diamond Level Astros Tickets Available |
Deborah, When I met last w/you, Bill, and others, it was stated that Fastow's group was scheduled to move off floor 27 the weekend of 8/25.
I have just heard that they are not moving off until 9/8?
Is this the case?
Many Thanks, Liz
| Floor 27 |
Bruce, Greg Whalley would like to speak with you on tomorrow, Wednesday, June 28.
Please give me a call tomorrow to schedule a time to talk w/Greg.
Many Thanks, Liz
| Telephone Call w/Whalley on 6/28 |
The Enron Net Works Offsite has been relocated to the Doubletree Hotel - Allen Center for all day Monday, April 24, only.
Once I have all the details confirmed, i.e.
meeting room, start time etc., I'll advise.
Listed below are the presentations scheduled for Monday.
An Agenda will be forthcoming.
Louise Kitchen EOL Greg Piper Paper Exchange.com Harry Arora Securities Philippe Bibi Trading Platform Technology Bryan Seyfried Credit Mike McConnell International eCommerce Development Should you have any questions, please contact me @ 31935.
Many Thanks, Liz
| Location Change for ENW Offsite |
Greg Whalley has rented out the Rooftop Deck & Clubhouse at Union Station for Opening Game on Friday, April 7.
You are cordially invited to party with Greg "the Green Hornet" Whalley, with game time beginning @ 7:05p.m.
- Astros vs. PHI.
Please contact me about the numbers of tickets you will need.
We may be able to accommodate some members of your team.
The rooftop can hold up to 75 people.
Many Thanks, Liz Taylor x31935
| Astros Opening Game - Friday, April 7 |
Jim, Greg received a faxed copy of a slide on ENA - Wholesale Power Network from Kathyn Corbally.
The slide gives a comparison in physical power volumes with 1st Quarter 99 vs. 1st Quarter 2000.
The slides shows a 5% percent increase and Greg thought that you mentioned that the increase was closer to 20%.
Please advise.
Liz
| Physical Power Volumes - 1st Q99 vs 1st Q00 |
This is to confirm tomorrow's USEC Meeting with Richard Kingdon and Michael Woo.
The meeting will take place in EB3321 @ 10:00a.m.
on Tuesday, March 21.
Many Thanks, Liz
| USEC Meeting |
You are cordially invited to attend If you are a new supervisor, an experienced supervisor without prior training or a manager of new supervisors, come and learn more about our new ENA Leadership Curriculum.
You will be introduced to the many courses and learning resources that are available to you and where you need to go to find them.
To aid in planning your developmental activities, you will receive a copy of the curriculum guide that contains detailed information about the curriculum.
Please RSVP by noon Monday, March 6 to Gracie Presas at ext.
3-3985.
| Reminder Notice - ENA Supervisory Curriculum |
Chris, Whalley will be on vacation all next week and I'll need to fax him copies of the P&Ls.
Please deliver to me print outs of the Gas & Power P&Ls for the week of February 14.
Many Thanks, Liz Taylor x31935 EB3322
| Paper P&Ls |
Joe, I have slotted you 90 minutes w/Greg on Wednesday @ 4:00 p.m. Greg is scheduled to participate in a Houston conference call @ 5:30 p.m. You guys are connecting again for dinner.
Please let me know the time and location for dinner on Wednesday night.
Also, Greg says his schedule is open enough that he would like to hang out on the floor w/you and your guys.
He will be officing over by John Sherriff and the mobile number he's carrying is +44 7901516638.
Many Thanks, Liz Taylor
| Meeting Confirmation |
For the month of June there will be weekly Budget Meetings every Tuesday @ 11:00 a.m. in EB32C2.
Please mark your calendar accordingly.
Please notify me only if you are unable to attend.
June 5, 12, 19 & 26 in EB32C2 @ 11:00 a.m.
Many Thanks, Liz Taylor x31935
| Whalley's Budget Meetings - June |
Greg Whalley's diamond club tickets (4 + parking pass) are available for Monday and Tuesday of next week.
Please give me a call if you have an interest.
Monday May 21 San Diego 7:05p.m.
Tuesday May 22 San Diego 7:05 p.m.
Many Thanks, Liz Taylor x31935
| Astros Tickets - Diamond Club Level |
This is to confirm Greg Whalley's meeting on CA matters tomorrow, May 3 @ 10:00 a.m. in EB3324.
Should you have any questions, please advise.
Many Thanks, Liz Taylor
| CA Meeting - 5/3 @ 10:00 a.m. in EB3324 |
Hi Matthew, Greg will be in the London office from early Tuesday afternoon through end-of-business day on Thursday, June 7.
Are you available to meet w/him for about an hour?
He's available Tuesday afternoon until 5:00 p.m. Wednesday there are a few slots available, and Thursday he is wide open.
Please advise.
If you could e-mail me your availability that would be great.
Also, Greg will be carrying mobile number +44 7901516638.
Many Thanks, Liz Taylor
| Meeting Time w/Greg Whalley |
This is to confirm EWS' Budget Meeting on Thursday, May 3 @ 11:00 a.m. in EB30C2.
London will also be participating via Video Conference.
Many Thanks, Liz Taylor
| 5/3 EWS Budget Mtg @ 11:00a.m. - EB30C2 |
Please let me know your Executive's availability for an EWS Budget Meeting on Tuesday, May 1 @ 11:00 a.m.
Please note that the budget meetings will be every Tuesday @ 11:00 a.m. for the month of May.
The meetings should be no more than 1 hour.
I'll advise you of the location.
Many Thanks, Liz Taylor
| EWS Budget Meetings - May |
Thank you for joining Greg Whalley at the 2001 CSC Spring Golf Classic - Memorial Park Golf Course (Benefiting the Children's Museum) Whalley's Team Enron's Team G. Whalley M. McConnell B.
White T. Battaglia J. Lavorato G. Piper D. Delainey D. Black EVENT SCHEDULE - Tuesday, April 24 10:30 a.m.
Registration 11:00 a.m.
Lunch catered by Becks Prime 11:45 a.m.
Tournament Rules for 4 Person Florida Scramble 12:00 Noon Shotgun Start 4:00 - 5:00 p.m. 2001 Enron Jr.
Golf Clinic w/ the staff of The First Tee Program at Whispering Pines 5:30 p.m.
Awards Celebration 2001 ENRON JUNIOR GOLF CLINIC The Junior Golf Clinic that will be held at the Driving Range from 4:00 p.m. to 5:00 p.m. Whispering Pines Golf Club will provide three instructors as well as clubs.
The Houston Parks and Recreation Department to recruit 25 HISD 5th graders who are not enrolled in the First Tee Program to participate in the clinic.
AWARD CATEGORIES "Caryakid" trophies will be awarded for the following winning foursomes: First Place Low Gross Second Place Low Gross Third Place Low Gross High Gross First Place Low Net Second Place Low Net Third Place Low Net Hole In One Prize (Hole #11) 2001 Lexus LS430 from Sterling McCall Lexus Longest Drive for Male and Female (Hole #10) $100 gift certificate from Memorial Park Golf Course Closest to the Hole (Hole #7, Hole #15) $100 gift certificate from Memorial Park Golf Course MULLIGAN & RAFFLE PRIZES $20 buys 2 mulligan (maximum of 2 per player) and 1 free raffle ticket $20 buys 5 raffle tickets $5 buys 1 raffle ticket Please advise if you need golf clubs.
See you there!
Many Thanks,
| Golf Tournament - Memorial Park Golf Course |
Don, Thanks for agreeing to golf w/Whalley for the Children's Museum.
I'll get you some detailed info.
on the tournament.
Please block off from 10:30 a.m. for the tournament which is @ Memorial Golf Course.
You are scheduled to meet w/Greg again @ 4:30 p.m. on Monday, April 23.
Many Thanks,
| Mtg w/Whalley & Golf |
Greg Whalley has available Diamond level seats (4 + parking) for the 2001 Astros' season.
Greg would like to offer you usage of these tickets for customer relations and employee appreciation.
Listed below are some of the amenities associated with the diamond club.
Please contact me, Liz Taylor, @ x31935 for availability.
Parking: Your parking pass enables you to park in the lot closest to Enron Field.
Dining: A private dining room is located behind the field-side seating area.
Special requests should be phoned in at least 3 hrs prior to game time.
Hours: The Diamond Club opens two hrs before the first pitch and closes 1/2 hr after the final out is recorded.
Many Thanks, Liz Taylor
| Astros - 4 Diamond Level Seats + Parking |
Jessica, Am I outstanding an expense reimb.
from you?
I seemed to be approx.
$6000.00 past due and I have my check from the trading floor.
Please advise.
Many Thanks, Liz
| Outstanding Expenses |
the thing that i will also tell you is that both flight options and travelair will allow you to arrange a demo flight and will only charge you the hourly rate as if you were an owner.
since you are not paying monthly fees or capital, this is a really good deal.
i would suggest doing this with both of them before you decide to buy anything -- ideally on a long flight with a
| fractional |
Greg Whalley has requested weekly budget meetings during the month of March.
The meetings are scheduled for every Tuesday @ 3:00 p.m. in EB3321, for one hour, beginning March 6 and ending March 27.
Please advise if your executive can not attend.
Many Thanks, Liz Taylor
| Weekly Budget Meetings In March |
John, How do you want me to handle pmt back to Greg for your return leg on Travel Air from the Super Bowl.
Greg mentioned that Enron may be picking up the bill for you.
If yes, just advise and I'll do up the payment request.
The total charges are $3,621.50.
Many Thanks, Liz
| Flight back from Super Bowl |
just saw that Louis Dreyfus traded with us today.
good job!!
one concern though -- several of the new names that we see coming across show
| New players |
Robert, I have on Greg's calendar the dates of Jan. 10 - 12 for Bonus & LTI Reviews w/you.
You booked this w/me a couple of months ago.
This has probably changed and should be removed from Greg's calendar.
Please advise.
Many Thanks, Liz Taylor
| Bonus & LTI Reviews |
Greg Whalley's four diamond level Astros tickets, plus parking pass, are available for the games listed below.
Please advise me, asap, if you have an interest.
Many Thanks, Liz Taylor x31935 COL Wednesday, June 20 @ 7:05 p.m. CIN Thursday, June 21 @ 7:05 p.m.
| Diamond Level Astros Tickets Available |
Mr. Piazze, I'm Liz Taylor, Greg Whalley's Admin.
Assistant.
We have spoken a few times in the past.
I have just a few questions concerning the event on December 13: When in the evening will Greg give his speech?
Who long is he scheduled to speak?
Are you wanting him to have a slide presentation or just talk?
He promises to be entertaining (smile).
He really is a greater speaker, if I may say so.
What is the dress code?
Many Thanks, Liz Taylor
| Wharton's Program for Business Journalists |
Angie, This is to confirm breakfast for Whalley, McClellan & Reck on Thursday, November 16 @ 6:30a.m.
in the Spring House Cafe (ground floor) Hyatt Regency Hill Country Resort.
Many Thanks, Liz
| Breakfast w/Whalley |
what do you know about this company?
i can get a meeting with the CEO.
they recently bought APL stacktrain unit to become fully intermodal.
i also think they are moving toward IPO.
| Pacer International |
Iain, First, thank you for being so helpful with me on the phone.
Below is the information you requested for the Whalley home fax machine.
I would love to meet w/you to discuss an updated fax machine for Greg's at home office.
Greg & Mary Whalley 11110 Claymore Street Houston, TX 77024
| Whalley Home Fax Repair |
Robert, We are diligently trying to increase our United Way participation.
Currently, Net Works is only at 57% participation.
Listed below are employees in your department who have not gone online to make their pledge.
I'm asking you to personally all each of them today, and encourage them to make their pledge.
If any names listed below are not with your department, please notify Liz @ 31935.
Should they have problems getting online, please give Liz a call.
Thank You,
| United Way |
As you know, Enron=01,s United Way Executive Solicitation is well under way= .
=20 August 9th is the target date to achieve 100% participation and finalize th= e=20 commitment from our executives and is also the date for the kick-off of the= =20 company wide drive.
We have a way to go to meet this objective.
Enron=01,= s=20 United Way goal for the year is $2.3 million (before the corporate match).= =20 ENW=01,s share of this goal is $161,700.
While these are aggressive goals,= they=20 are very doable, and if everyone contributes their fair share, we can easil= y=20 surpass these goals.=20 Along with focusing on meeting our financial goals, I=01,d like to have 100= %=20 participation throughout the organization.
This is especially important=20 among our executives.
We define "participation" as an employee who has=20 completed their pledge on-line and made a contribution, no matter what the= =20 level.
=20 With the campaign going on-line with electronic pledging, I=01,ll need the= =20 support of you and your campaigners to increase participation levels across= =20 the ENW organization and reach our financial goals.
Whatever your decision= =20 regarding the level of your pledge, we need 100% participation from our=20 Executives in order to set a good example for the rest of ENW.
Your=20 contribution to the United Way will continue to make a difference in our=20 community.
When you give, you change a life right here in our community.
Please join me in setting the standard for ENW by giving generously and=20 getting your pledges in by August 9th.
Log-in to system on Netscape or Explorer -- unitedway.enron.com
| United Way Executive Solicitation |
Dear all, Could you let me know when you finish reorganization of M drivers files for power, then I can start to make change on the files which link to UBS database.
Also I need make sure the library files which are used by our system are there and function.
Thanks!
| Could you let me know when you finish reorganization of M driver for UBS |
Dear Everyone: As some of you might have heard, I gave my one-week notification last Friday, my last day with Enron will be Thursday, 1/31.
The reason of my leaving is purely visa status, I have nothing but joy working with you all in the last one and half years, the wonderful experience made the departure a painful decision.
I shall be around in the next few days should you need anything from me.
I'd like to thank you all for making my work at Enron such a thrill experience, for your support and friendship, I hope I will have a chance and honor to work with you again in the future.
Good luck to all of us!
- Zhiyun
| Zhiyun is leaving |
As a result of a number of UBS offer declines, the East Power book organization has several changes in comparison to the book list which was originally set up in GCP and other systems.
I am attaching a spreadsheet which details such changes for both the power books and gas books traded by our power traders.
Please do not hesitate to call me with ANY questions!!
Thanks!
| Revised East Power UBS Book Listing |
Please use the following user id and password to login to your machine (NT login), then use your own login id and password for Enpower login.
user id : nc_t_cbentle password : irmRulz!
If you have questions, please feel free to call me at 57926.
| Temporary Enpower login id for Netco |
Shona, Here is a breakout of total Wholesale Power p&l as of 11/30 that should roll up into your consolidated dpr as of 11/30.
There are separate tabs for east and west and the p&l is separated by commodity.
Let me know if this helps?!
Thanks!
| 11/30 DPR detail |
Make sure all price and volatility curves have been final posted in Curve Manager.
Contact Min Zheng (or whomever will be handling this for the estate) to run the script which writes the curves into the m:\power2\region Excel files (these are used by Structuring, EES and East Price if we were to run it again) Calculate "East Bankruptcy Calc xx/xx/xx vs yy/yy/yy" - Run it on 'Official Adhoc Full Book' and do not officialize upon completion - Use '/prod/egs-home/ermt/bin/pwrcalc_slr.new' as your executable - email Debbie Brackett, Stephanie McGinnis and John Powell daily with the post-id for the calc Calculate "Official East Non-Terminated Transactions xx/xx/xx vs yy/yy/yy" - Run it on 'Official Adhoc Full Book' and officialize upon completion - Use 'default' as your executable To run the rolls for Terminated and Non-Terminated books: - run DPR Automation (m:\common\power\estate\2002\0102\NEW) on both the East and EastBank portfolios separately - for the EAST-PERF book you'll need to also run DPR Automation on PCS/PID in the morning to pull in the liquidations.
- link EAST-PERF, EAST-NPERF and EPMI-EAST-BANK into the Consolidated Report file - each day, copy the 'NEW' folder into the 'DATE SPECIFIC' folder and run the 'PRIOR-ESTATE' file located in the 'NEW' folder to run each roll's daily change macro
| Daily Risk Procedures |
All, Attached file should be a complete list of enpower NETCO applications.
Please fill it out for your group and summit it to us.
Also you can define a new group of security as well.
There is no need to fill out anything if you happy with the current setup Reports will be available to everyone as before Regards,
| EnPower NETCO production Security Role |
I am attaching the Form A for Power (East and West combined).
I am also attaching a copy of our 11/30 DPR and a reconciliation from the total MTM per the Form A to the life-to-date forward MTM per the DPR (DPR and reconciliation are on two separate tabs).
Let me know if you have any questions.
Thanks.
| E&Y Power Info |
Hello everyone!
I hope 2002 is finding all of you healthy and happy.
Angela, the girls, and I are well settled now in Katy, TX and enjoying our new home.
I am writing all of you because of an event in which I will be participating next month: The Houston AIDS Walk 2002.
I am asking that you assist me in doing all we can to ensure a future without this tragic disease.
I (and hopefully the girls) will be walking 3.5 miles on Mar 10 representing everyone who chooses to sponsor me (this is where you all come in).
After having my own children, I have become much more aware of and sensitive to causes that I believe can positively impact the lives of children not as fortunate as mine.
The tragedy of this disease and the impact it has on children has motivated me to reach out to all of you in my efforts to do my part for this cause.
In addition to the $100 I plan to donate, I hope to raise $1000 for this event.
If I can get just 40 people to donate $25 each I will have met this goal.
The proceeds from the walk will benefit the AIDS Foundation Houston and its partner agencies.
Any amount you can donate would be greatly appreciated.
If you are unable to pledge at this time, please join me in learning more about this horrible epidemic.
The more we all know about it, the better we can help eliminate it.
You can pledge by simply replying to this email with the amount you intend to donate.
I will then contact all that have pledged individually to determine payment options/timing.
Thank you some much for your time.
Best Regards,
| AIDS Walk 2002 |
All, Please feel free to test enpower NETCO production and we will truncate deal data later.
If you found problems or comments, please let us know asap.
Windows 2000 Shortcut for enpower NETCO production EnPower Launchpad for NETCO production EnPower Report Launcher for Contract Settlements Group EnPower Report Launcher for Credit Group EnPower Report Launcher for Deal Clearing Group EnPower Report Launcher for Risk Group EnPower Report Launcher for Scheduling Group EnPower Launchpad File Menu EnPower Launchpad Tools Menu EnPower Launchpad Downloads Menu Regards,
| EnPower NETCO production - TESTING |
Please use the next week to clean up our database of delivery locations and regions currently still in Enpower.
I would like to start the database clean with only the key hubs listed: NEPOOL PTF NY Zone J NY Zone G NY Zone A Ontario PJM East Hub PJM West Hub PJM West Cinergy Com-Ed TVA Entergy SOCO ERCOT South (FP) ERCOT North (Basis) Let's use this opportunity to clean up Enpower and start with a truly clean set of books.
Team - Am I missing anthing?
| Books |
To all, we are compiling a list of all common data ( documents, excel spreadsheets, etc...) contained on our O:drive and M:drive infrastructure that will be required for NetCo.
The assumption is that no transactional deal type data will be migrated.
Please forward any directory names that will be required for Netco to me.
For example, O:\common\directoryname etc......If there are additional people or resources that I can coordinate with please let me know.
I am available to meet and assist in anyway possible.
Thanks,
| Common Data Migration for Netco |
I'm attaching 2 book request forms for Netco East Power.
One form is for 6 TAGG gas books and the other form is for approximately 25 Enpower power books.
Bill and Torrey - A list will be following immediately of old book names and associated new Netco book names for each power trader.
Let me know if you have any questions.
Thanks!
| New Netco Book Requests |
What do you guys think about this?!
I'm waiting on Dana to tell me what Narsimha will be trading and I've sent Kevin an e-mail for him to reiterate that only desk heads will be trading gas?!
Let me know your thoughts!!
Thanks!
| Netco Book Listing |
Please take a minute to review the attached update on our activities and assumptions in Wholesale Power Trading and Risk Systems.
As you might expect, most of our focus is on establishing independent NetCo and Estate operating environments.
The second attachment is simply an FYI.
It represents our current systems inventory (apps, hardware, developer software, etc...) for NetCo and Estate.
Glad to discuss... Steve
| Wholesale Power Systems Update |
This org.
chart head count totals 135, with an additional 34 that should be included from Peggy Hedstrom's org.
chart sent from the Canada office which totals 169 for NETCO Energy Operations.
If you have any questions please contact Leslie Reeves @ X37962.
Thank you,
| NETCO Org. Chart |
In considering setting up books for NETCO, RAC needs the following: (I recognize portfolio name choice may not be optimal) 1.
Ownership of ERMS and Enpower o For Canada, it would probably be best if ownership resided in Houston (Peggy, any feedback would be helpful) 2.
Recognizing that portfolio hierarchy may need to be augmented pending buyers request, I recommend three portfolio structures.
o Trading portfolio (heterogeneous, incl.
everything traders trade) - 2 portfolio's (power & gas) aggregated under NETCO total ?
Trader (sub portfolio by risk type) , regional, parent portfolio (includes all commodities in traders portfolio) ?
Example ?
NETCO Business Unit o Gas Trading ?
Financial Desk ?
Arnold o Price o Basis o Exotics o Power Trading ?
East Power ?
Presto o Long term o Short term o Commodity portfolio Gas and Power (homogenous) ?
Example ?
NETCO Business Unit o Gas ?
Gas Power ?
East ?
West o Northwest o Southwest ?
Gas Gas ?
Financial ?
West ?
Etc.
o Power ?
Power Gas ?
Power Power o Curve portfolio grouped regionally - This portfolio does not currently exist.
?
Starts with curves, regional, root portfolio, parent ?
Example ?
NETCO Business Unit o Gas ?
Northeast ?
Transco Z6 ?
etc o Power ?
Northeast ?
NEPOOL ?
Etc.
Additionally, we need to correct curve shift reporting in Risktrac as well as bench mark positions.
In the past Canada was "grandfathered" under its legacy transactions, but under NETCO there should not be any legacy deals and as such Canada needs to report its risk the same as we do in Houston.
PortCalc may need to be modified to handle currency issues and other as well as new curves may need to be created.
When creating new curves, please copy in ERMS 90 days worth of price history so that we can measure VAR.
I apologize if this is vague, please feel free to provide feedback.
Thanks
| NETCO Portfolio Book Structure |
From Kevin Presto: Attached is the spreadsheet version of the template we discussed this morning.
I have added the additional columns everyone requested.
I would now like the business unit leads to fill in the blanks such that we have an initial Power Implementation Plan that can be delivered to Louise on Friday.
With respect to East Power (I am out Thursday and Friday), I am delegating to all of my desk heads the responsibility the following: 1) Have all of the forms attached spreadsheet forms complete 2) A product offering sheet is added to the template.
Fletch & Dana - Please take the lead on creating the product offering list (physical and financial).
My recommendation is we put products out through 03 for all regions (financial and physical).
Obviously, the physical products will be contingent on receiving a power marketing license.
Cory and Don Baughman - Please take a crack at identifying all of the transmission service agreements we need for the East (Christi has started a list already).
The transmission agreement list attached can be used to prioritize or assign commercial people to transmission/pool agreements.
It is not correct on the timing under the pools, so don't rely on that column.
| NETCO Implemention Template |
Confidential: For Internal Distribution Only The purpose of this e-mail is to bring everyone in the loop on activities on the west desk that we are undertaking to preserve as much value in our book as possible.
I realize that our efforts to date have not been communicated to all internal people who need to know what we are doing.
My apologies for this.
Hopefully this e-mail will accomplish that goal.
A number of counterparties in the west have not yet terminated our deals and have benefited from our inability to procure power in the market to serve these deals.
As a result, we haven't been delivering on several contracts that are deep in the money.
Our counterparties have no motivation to terminate our contracts because such a termination would force them to write us a substantial check.
Instead, these counterparties have been happy to not receive high priced power from us and are filling their positions in the market at much lower prices.
We have taken the limited supplies that we are still receiving and delivering these limited supplies to the highest price sales contracts that we have.
We now have the ability to prepay for additional supplies in order to fulfill additional pre-petition obligations that have not yet been terminated that are in the money.
We have received approval from the Cash committee for purchases through December 27th (I think) and we will secure additional cash to continue on.
Here are the procedures as I understand them.
If you have any questions or modifications please me an e-mail or give me a call.
Cash Desk Each cash desk needs to identify all transactions in its region that have not been terminated.
On a counterparty by delivery point basis we need to assess whether the weighted average of all near term (next day to next week) deliveries with that counterparty are in the money.
If the average of all transactions with that counterparty at a given location are in the money, we should submit a request for and endeavor to serve the entire portfolio of deals with that counterparty at that delivery point.
We are of the opinion now that we will not be able to cherry pick deals with one counterparty at the same location.
The cash desks should prepare a two week view of the positions that we will need to fill and an estimate (based on spot market prices) of the cash that we will need to serve these transactions to Steve Thome.
The cash desk should provide a daily list of prepay deals that have been done to John Postlethwaite via e-mail.
The cahs desk should provide a list of all historic prepays done so far to bring John current.
Marketing Desk Steve Thome will coordinate the cash approval process for the west desk.
The marketing desk is responsible for lining up counterparties who will be willing to supply us on a prepay basis.
The marketing desk should direct any legal questions from sellers to Steve Hall/Christian Yoder.
Make sure that sellers fax a copy of the confirmation letter to Steve Hall/Christian Yoder at (503) 464-8058.
The marketing desk needs to work with the cash desk to buy power on a spot basis.
We don't necessarily care who buys it, but rather, we want to ensure that we receive the best price and that all purchases are communicated.
Whoever secures a supply needs to communicate the need for cash to Steve Thome.
Deal Entry The new deals need to be entered in a manner that will be possible to settle.
After discussing the matter with Stacey White, she recommended entering the new deals in Enpower as zero price, non MTM, with an annuity equal to the prepay amount.
We should enter notes into Enpower indicating that these are prepay transactions.
This will allow settlements to match an annuity in Enpower with prepay out the door.
It will also prevent them from paying the counterparty twice.
I'm sure that I've missed something.
Let me know.
Regards,
| New West Power Deal Info |
In case you are interested, my father-in-law, Cary Jones, has his own recruiting business.
He specializes in accounting positions, but might have leads in other related areas also.
His number is 281-491-3950 and his email is cjones@wt.net <mailto:cjones@wt.net>.
My home # is 281.579.9428, cell # is 713.444.9008 and email cbabel@msn.com <mailto:cbabel@msn.com>.
I enjoyed working with you guys.
Good luck and let me know how it goes.
| Jobs |
Stacey, I enjoyed talking with you this afternoon.
I understand your current situation and wish you luck in the near future.
If anything should change please let me know.
As discussed, below is a brief overview of the job description we talked about.
Anything you can do to help would be great.
Accounting Manager within the Power Trading group.
* lead a staff of seven * supervise the tie-out and settlements of mwh purchases and sales with external counter parties * reconcile trading profits to the general ledger * oversee preparation of balance sheet reconciliation * review aged receivables/payables * ensure proper controls are in place and proactively work to upgrade the accounting processes and controls as necessary * work closely with internal and external groups to resolve business issues and gather information * 8 plus yrs in public and/or energy accounting, including a min of 2 yrs exp in power trading accounting Thank you in advance for all of your help
| Power Accounting Manager |
Just a reminder.....Bunko is Monday at Michelle Chesebro's house....her address is 10107 Ballinger Cir.
If you haven't paid your $30, please remember to bring it.
Marta....I think we will need at least 1 sub so go ahead and come if you can...
Please let me know if you can't make it....Thanks Shalene
| February Bunko |
Hi girls!
Just wanted everyone to check their calendars for some upcoming events.
Madeline's baptism is going to be Saturday, April 6th during the 5:30pm mass.
We plan on having a little celebration at our house afterwards.
If you can't make it, we understand, but we'd love to have you come.
We talked about doing Stacey's baby shower the next weekend, April 13 at Kathy's house.
Does that date still work for everyone?
Let us know soon so we can start making plans.
Talk to you soon.
Angela P.S.
for Chris - If you think you can come for one of the weekends, you should choose Stacey's shower - it won't hurt my feelings!
:) ===== Angela & Brad McDonald ABMcDon@yahoo.com
| Madeline's baptism/Stacey's shower |
Sorry I haven't called, it's been crazy.
I am actually sitting on a plane about to leave for Cancun on our mgmt trip.
I need to call and catch up with you$... See how the baby's doing, check on your status with Enron, etc.
If I ca find a stamp in Cancun, I'll mail yor b-day card Take care- Chris
| Happy Birthday |
Will, I am attaching a list of the deals (both physical and financial) which simply need a desk name change to East or West Bankrupt, whichever is relevant.
My list details the deal #, counterparty full name and the termination date.
Let me know if this makes sense, and as always, thank you so much for your help!
Casey
| desk change list |
Stacey, In talking with the Estate team, it sounds like they will be needing a few different types of info to help in the unwinding process.
In addition to the MTM reports you guys have been putting together, could we also do a delta position report by month?
Also, it would be helpful to get a list of deal specs and terms for each counterparty, basically like we were working on for David Forster before the bankruptcy.
I'll check with Kim Theriot on this as she was putting the list together before, but we will also want to get a MTM breakdown by deal for each counterparty.
These requests are not super urgent.
Basically I'd like to get the breakdowns sometime in the next week or two.
Hope that is OK, as I know you guys are inundated with requests at this time.
Let me know if you have any questions or if this overlaps with any other requests.
Thanks.
| Requests, etc. |
All, I have modified Deal Liquidation as follows (new version in stage).
1.)
You can now query based on counterparty and phys/fin in addition to specifying a deal number 2.)
You no longer need to provide the leg of the deal.
Specifying the peer will grab all of the legs.
3.)
The new splitting process will work as follows.
If the entire deal is prior to the termination date (inclusive), then nothing is done to the deal.
If the entire deal is after the termination date (exclusive), then the desk is simply changed to East Bank or West Bank.
If the deal crosses the termination date boundary, the deal is copied as follows: For the original deal: All legs prior to the termination date (inclusive) are not changed.
All legs after the termination date (exclusive) are killed.
All legs crossing over the termination date are truncated.
This includes deleting strips starting after the date and truncating strips that cross over the date.
For the new deal: This deal will be in one of the Bankruptcy books All legs prior to the termination date (inclusive) are not copied.
All legs after the termination date (exclusive) are copied as is - no strips are changed.
Any legs crossing over the termination date are copied and modified to reside solely after the date.
This includes deleting strips that end prior to the date and modifying strips that cross over the date.
These changes should allow you to perform all of the tasks necessary to close out deals with any counterparty.
Please test and let me know if there are any problems.
Regards,
| Deal Liquidation |
1 15-16 oz can yellow cream style corn 1 cup saltine cracker crumbs 1/2 tsp salt 2 Tbls butter 2 beaten eggs 1/3 to 1/2 cup evaporated milk 1/2 cup crumbled bacon 1/2 cup shredded cheddar cheese Combine corn, cracker crumbs, mix well.
Add salt, eggs, milk, bacon and mix well.
Place in 12 by 7 inch baking dish.
Top with shredded cheese and bake for 30-45 minutes at 350 degrees.
Recipe can be doubled and baked in 13 X 9 dish.
| Corn Pudding |
Marisa, Rafael, and Darryl, Based on Darryl and my discussions with Rafael earlier this week, the accounting treatment for Modesto Maranzana plant and the associated gas and power contracts will be changed from MTM to accrual effective with December accounting.
Changes PPA Amortization and Depreciation - Marisa We need to adjust the PPA amortization and depreciation ytd balances.
PPA amortization - the actual amount of the purchase price allocated to the contracts was different from the $2,220,219 used in the MTM model.
Depreciation - I know the salvage value in the model $10,000,000 USD after 5 years is different and I think you were using a longer useful life.
Marisa, please calculate the impact of these changes and let Rafael, Darryl, and myself know.
MTM Reversal - Martha & Darryl The net impact of reversal the MTM will be a gain of approximately $978,000.
This is the reversal of the forward value recorded for the PPA's and plant as of November 30, 2001.
Effective today, I will stop including the positions in the feeds to RistRAC.
Interest - Martha Still waiting to see if we reserve the historial amounts.
The impact on 0502 books is zero as the expense and revenue was booked to the same account just different profit / cost centers.
The income was booked to Modesto Capital Charge 27244 / 150407 which was supposed to roll up to the Office of the Chair for Lavo.
Left Georgeanne Hodges a message on the subject.
If you think of any I forgot to mention, please let us know.
Martha
| Accounting Treatment Change from MTM to Accrual for Modesto Maranzana power plant and associated contracts |
Debbie- I have attached two Excel files representing the P&L by counterparty for all deals in the East and West Bankruptcy portfolios.
Please do not hesitate to call if you have any questions or if you need any additional information.
Thanks!
| East and West Bankruptcy Portfolios |
I've simulated the Aggregate power portfolio's VAR with the BPA contract (approx.
$51MM) as a stand alone (approx $3MM) and with the BPA position reversed out (approx $49MM).
Only issue seems to be that the VAR related to the position per credit Agg does not "tie" with VAR related to position in Enpower - I'm attributed this to the peak/off peak simulation difference.
Specifically, the credit agg file does not define what was peak or off peak, whereas file from Enpower did, resulting in more accurate measurement of risk.
Bottom line is that BPA removal appears to be risk reducing.
Frank
| BPA removal |
Kendrich wanted me to let everyone know that he is having a Christmas Party at his parents house in Cuero.
It is set for Sunday, December 23 at around 6:00 p.m.
Please spread the word!!!!!!!!
Snacks and Appetizers will be provided.
BYOB.
Benson
| Christmas Party |
I just wanted to keep you posted on the information that I know so far abou= t the move.
Of course, it could change with in the next five minutes so it= 's not written in stone.
=20 As of now, the move for the 6 th floor is scheduled for Friday (2/8).
Not= exactly sure what time this is going to take place yet.
Please make sure = that everyone is packed and ready by early Friday morning..
If there is so= meone out on Friday, please make sure they pack before they leave or you ha= ve someone pack their stuff for them.
Please make sure that everyone clean= s out their desk completely.
I know that boxes are hard to find right now.= If any of you know that you will need quite a few boxes for your groups, = please let me know ASAP so I can have them delivered by Thursday .
I know = that there are some boxes on floor 4 in the South building, so you might wa= nt to just go grab some.
Labels hopefully will be here Friday morning.
On= ce I get them I will immediately pass them out.
I have attached the floor = plan for the 6 th floor for those of you that want to know where your group= s are going (if you don't know already) .
Plus you might want to show it t= o your groups so they know where to report to on Monday morning.
=20 If you have any other questions please let me know.
I will update you as s= oon as I find out more or if there are any changes to this schedule.
= =20 =20 Thanks,
| Move Information for the 6th floor |
OK, I haven't done this in a while.
The unofficialized book list has been revised to include the 19th's data, not the 20th's.
Sorry for any inconvenience.
| 12/19/01 Unofficialized book list - Revised |
Today's Terminated Deals report is now in the o:\_Dropbox\Bankruptcy Books directory for your use.
Please let me know if I can help with any additional requests.
Stephanie
| Terminated Deals Report COB 12 19 01 |
Let's talk about Weather Alert on Weds.
It seems that checks sent out pre-petition are being presented to be bank and there are no funds in the account.
Who is the parent of Weather Alert?
Do we know of any reason that we need to honor these checks?
| Weather Alert |
Please ensure the following is done each day: 1.
All East calcs are calc'd Official Ad-Hoc Desk and then Officialized 2.
Nymex calc of three remaining gas books is calc'd and Officialized 3.
East Bankruptcy calc is calc'd Official Ad-Hoc Full Book but NOT Officialized 4.
Send an e-mail with the bankruptcy calc post id to: Debbie Brackett, Stephanie McGinnis and John Powell Thanks!
| Daily Must Dos |
Happy Holidays from Wells Fargo Happy Holidays to you and yours from all of us here at Wells Fargo.
We hope you enjoy an especially meaningful month of celebration and togetherness with family and friends.
May your holidays be filled with light and heartfelt gladness.
We also wish to take this opportunity to embrace the spirit of the season and express our sincere thanks to you for being a Wells Fargo customer.
We never take for granted your trust in us to help you achieve your financial wishes, goals and dreams.
During the last year we have worked hard to improve your experience at wellsfargo.com .
To serve you better, we've made significant changes to our site.
These include new improvements and additions to our products and features such as: ?
Bringing many new product applications online ?
Establishing online access to all your personal Wells Fargo accounts ?
Adding resource centers and tools ?
Launching the Wells WirelessSM service And, of course, we're especially proud this year that Wells Fargo Online Brokerage was ranked #9 of the Top Internet Discount Brokers by Gomez*.
We look forward to serving your needs in the New Year by continuing to enhance our site as well as the products and services we offer.
May the coming year usher in a happy, healthy and prosperous year for you.
And remember, now during the Holidays and all year long, you can access a wealth of Wells Fargo resources, products and services at your convenience at wellsfargo.com .
Best Wishes,
| Your December WellsWire |
Stacey, figured out where 88MM of our 89MM difference is between the two portfolios.
Duplicate deal with Powerex.
Mid C is out about 1MM so I will look at it when I get back.
Call me at home if needed.
John
| West vs Bankruptcy |
gang - I've saved the Netco working dpr onto a disk and I'm going to work on it at home tomorrow.
I'll give you guys a ring in the morning to "touch base" and see what's goin' on!
Later!
Casey
| dpr update |
Below is an updated list of recent contract terminations.
I believe we need to review our internal notification system to make sure this information gets distributed in a more timely fashion.
United Illuminating - effective January 1, 2002 HQ Energy Services - effective January 1, 2002 First Energy Solutions - effective January 2, 2002 Old Dominion - effective January 10, 2002 - we should schedule in PJM through the 10th of January (do we have any other positions with Old Dominion).
Ameren Energy GPU Energy - effective January 21, 2002 - we should schedule in PJM through the 21st of January (they may push back, but we should remind them that they will be subject to LDs).
Call David Portz at 3-9239 with questions.
| Recent Contract Terminations |
We need to meet on Wednesday, the 2nd, at 2:00 pm (in the big conference on the sixth floor in ECS) to go back through the East Power contracts that we will continue to serve either through the pools or under bilateral deals.
Given the drill we went through today in preparing for the January schedules in PJM and NEPOOL, it became apparent we need to get all the team members on the same page and make sure we have a good system for notifying all relevant parties of terminations, changes, etc.
Bill/Ed - Can you please run the most recent DPR for non-terminated East Power contracts.
Casey and Stacey - will you please update the spreadsheet that you ran for Kevin last week.
Let's make sure we all agree on contracts that have been terminated.
As most of you probably have seen, a number of terminations have been received in the past several days (see below).
United Illuminating - effective January 1, 2002 HQ Energy Services - effective January 1, 2002 First Energy Solutions - effective January 2, 2002 Old Dominion - effective January 10, 2002 - we should schedule in PJM through the 10th of January (do we have any other positions with Old Dominion).
Ameren Energy GPU Energy - effective January 21, 2002 - we should schedule in PJM through the 21st of January (they may push back, but we should remind them that they will be subject to LDs).
Thanks,
| East Power Meeting |
Dear all, Your PCs setting for Excel applications is ready for UBS.
This afternoon I have run some tests on J.P and Andrea PCs.
It look fine.
I also copy some pure library file back to the system.
However, I have not worked on any other file.
Please let me when the files can be worked.
For DprAutomation with "J9".
I make two versions.
One is for Estate, (since the environment in UBS are not ready for "J9", then we have to test on Estate).
You may have to login as Estate to test it.
Another is for UBS.
Both of versions are at M:\Power_devl\Test\Swap Liq\.
J.P., I have to run for my last bus and am not able to run test and give you answer for your concern about Gas Shift question in new DprAutomation today.
I will give you an answer tomorrow.
Thank you!
| System Setting and files for UBS |
On Wed morning, we need to re-run all the calculations for Dec 31.
We will be using Dec 31 vs Dec 18 and capturing all liquidations.
For anyone who worked on the Dec 18 p/l we will be using the same procedures for prior day amounts.
John
| Wed Jan 3 |
Steve, I wanted to send this email in reference to Min Zhen with regards to the fact that he has not been included as one of the employees that will be a part of the new company.
I wanted to make you aware of the fact the West and Canada power risk management groups consider Min to be a vital and very important part of the IT support that we receive.
His knowledge and understanding of several very important excel macros that we use daily is critical to the success of our groups.
It must be noted that on several occasions when other people were asked for help in areas that Min supports, the response was slow as people tried to understand what the problem was and how to fix it.
I feel that is very important and necessary that Min be a part of the staff for the new company to ensure that all the risk groups continue to receive the exceptional support that we have come to expect from him.
John
| Min Zheng |
Dear All, Please test the Stage Release of PortCalc version 4.2.1s1 and let us know of the results.
The executable is /stage/egs-home/ermt/bin/pwrcalc_slr New Features: Version 4.2.1s1 Changes Affecting All: Asian strip Fixed the Curve shift numbers in the adhoc table.
Index Option Break up one single adhoc record into two records for physical and financial.
Basis Option Fixed the issue on the break down of Peak and Off Peak curve shift for the second delivery point.
Performance Improvement Disable unnecessary sensitivity calculation to improve performance typical for hourly options.
Cross Portfolio flag form deal entry is now used.
Before this change, PortCalc used to determine which deal is cross portfolio using internal logic.
Curve and Position Manager PortCalc will now populate the peak_hours_num, off_peak_hours_num, sun_peak_hours_num and sat_peak_hours_num columns in the adhoc table to provde volumetric information for the Curve and Position Manager.
Changes Affecting Australia: Asian strip Always use curve price for effective date to avoid next-day financial true up for that day, so that current previous day value can tie up yesterday's value.
SRA New Deal type.
Changes Affecting VATR: Populate the INSTR_TYPE_CD as TRANSMISSION in the pwr_vatr_port_posn table for Transmission deals.
Please do not hesitate to ask if there is any questions.
Thanks, Norman.
x36976.
| PortCalc Stage Release 10/29/2001 Version 4.2.1s1 |
Stacey: The Gas Risk group is requesting that we preserve only a specified list of curves/pub codes for NetCo/UBS, and to delete the rest of the curves from TAGG/ERMS.
Please provide a list of Natural Gas curves/pub.
codes that you would like to preserve in NetCo/UBS.
I am attaching the list of Natural Gas curves to preserve that Kam provided, for your reference: Thanks,
| Curves for UBS/NetCo |
Please note that on 10/29, the West Power made approximately $17.7 MM today (prelim), of which $17.8 MM was from Curve Shift.
We made curve shift mostly in Mid-Columbia, $24MM, and ZP-26, $9.7MM, and lost some in SP-15, $15.9MM.
Please see the attached file for curve shift by delivery point by year.
Please let me know if you have any questions.
| West Power Preliminary P&L - 10/29/01 |
John/Kam and Donnie/Casey, Attached is the proposed hierarchy for Day 1 of testing (Wednesday afternoon as I understand) - see "VaR Hierarchy" tab in the spreadsheet.
Please confirm that my population of books is complete and accurate.
Thanks, Vlady.
| Proposed Book Hierarchy |
Attached is the Active book listing for 10/26/01.
If you have any questions please contact Jennifer Velasco, as this message is sent on her behalf.
NH
| Active listing 10/26/01 |
Dear Casey, Donnie, We have made some final changes to the Financial curves UNIX file generation, and finished the testings for today.
The curves for region Into AEP ( R2A), basis point Ameren (B10), Michigan ( B12) and Illinois ( B37) have some differences between the Excel files and the New Curve Manager due to data-entry.
Apart from that, the tests went well with no other problems.
We are ready for Production on Monday, and Arun, Siva and Anand will help the traders like the last rollout.
Please let us know if there is any questions or concerns.
Regards, Norman.
| MW Regions Roll Out. |
Commodity logic is the process of updating the look and feel of their products.
They need two personal from settlements, confirms, and logistics.
The group CL has engages will be here on Tuesday and Wednesday of next week.
The meetings will be for one hour (they promise).
They would also like to have a demo with the management team.
(also Tuesday or Wedesday) Please provide the names of the reps to me plus with best times on Tuesday and Wednesday.
Also, CL is looking for one more person to add to their team.
They are looking for someone with mid and back-office experiences to help with marketing.
If you have any one that maybe interested please let me know.
Also, The CL module managers will be calling on you to help coordinate the gathering of contact information for various counter parties.
Just to give you a heads up.
Let me know.
thanks
| commodity logic request |
I just wanted to give you an up date on the review with Heather.
My primary= focus with her was taking on to much responsibility and not focusing enoug= h on the end results of her project such as Renewables.
She just needs to s= pend more time ensuring that the numbers being reported are correct and acc= urate the first time, not after it goes into production.
There had also bee= n a complaint from Fran that Heather is not involved enough with the daily = routines and may be taking the group for granted when it comes to the day t= o day work.
Heather agreed with that but the problem that she faces is that= Nick, Fran and Sam use that inter messaging system to communicate instead = of verbally and as a result Heather is left out.
I was thinking of telling = everyone that there should be no use of the messaging system for business r= elated issues within our group and also implementing the assigning of respo= nsibilities to people for a couple of weeks then rotating it around.
That w= ay nobody can say somebody else is not helping enough.
All in all it went w= ell otherwise.
She is was very receptive to my concerns and readily admitte= d to areas of improvement.
Couple of other things that I got from the meetings that might help the gro= up.
The first is an informational meeting with settlements and maybe accoun= ting to understand what they do with the reports that we send each month an= d secondly, another meeting (hopefully better) regarding VaR and how the re= ports that we produce are used.
| Final Review |
I completely forgot to ask you what the mood is like in Houston after everything that has happened.
How did you meeting with Sally go?
Any gossip?
C'mon, you gatta have something.
| Follow up |
Here's how to find the funny Survivor recaps that I was telling you about at Book Club.
You have to scroll all the way to the bottom of the page to find the Africa updates.
Enjoy, Bridget - Salon.com Arts & Entertainment.htm
| Survivor Updates |
So far I have talked to everyone but Heather.
As I mentioned Nick was much = better than I anticipated.
He said things were a little slower than he was = expecting but nothing else.
The point I wanted to get across to him was to = take the initiative in working with Jeff and getting more involved within o= ur group.
Fran was a little unusual.
She was concerned about having to wait each morn= ing before running liquidations because we are not flat and she felt that i= t was a bad reflection on the group if we reported late.
She was also conce= rned about the Enpower QandA meeting and why none of the West issues had be= en taken care of that have been sitting there for a couple of months.
She a= lso couldn't understand why it mentioning your name before they would take = the index option out of the PCS.
She just wished that if Bill Crooks requir= ed your approval then he should say so.
Finally, while she has seen some im= provement with Heather, she is still a little unhappy with her.
She feels t= hat Heather is not doing her part in helping with the day to day routines e= nough, disappears for a while,etc.
I told her that I would talk to Bill abo= ut the status of our projects, that we need to run liquidations by 9 each m= orning no matter what and I will address the issue with Bill Williams and T= im only if necessary.
Heather's issues I was going to address anyway, so we= will see how that goes.
I did tell Fran that she has really stepped up and= become a "lead" in this group and that she is doing an outstanding job.
I = also mentioned to her that I talked to you about the work status thing and = she was very grateful for that.
I asked what her long term goals were and s= he thought at some point about getting into structuring and maybe doing tha= t in Houston!
I was surprised by that comment.
Sam's went fairly well.
Her only concern was regarding team spirit.
Not wha= t I thought it meant thought.
She really means interaction between people, = so I have suggested that we go more regular meeting depending on what proje= cts are going on within the group.
She also is comparing herself to Fran an= d the learning curve.
She wanted to know how she could learn more like what= Fran has done.
The only thing that I see as different between the two is t= hat Fran has been heavily involved with the index and Asian options.
I reco= mmended that Sam take on some of these "testing duties" and she was happy a= bout that.
John
| reviews |
Stacey- I know that I left you a voice mail on this, but just to keep Kristin in the loop as well.
After our conversation this morning, I talked to Paul Bromley again.
He has asked that you keep in the loop as to your interview schedule so that he may coordinate with his team and Andersen as to attending the interviews.
Again, thanks for doing this for us!
I know that you all are busy.
Thanks,
| UK and Continental Power DS |
All, This past weekend, additional performance related changes to the EnPower production environment were implemented.
Our database environment was upgraded from a 32-bit version of Oracle 8.1.7.2 to the 64-bit version.
This upgrade increases the maximum size of memory cache available to our applications from 4Gb to 25Gb.
Apps that cache large amounts of data will experience reductions in physical I/O thereby increasing application speed.
Once again, this change represents one of many short-term steps to improve the performance of our core wholesale trading system.
I'll continue to send out notifications as these changes are implemented.
We will review the complete set of short and long-term performance related improvements in an upcoming architecture review meeting TBA.
Glad to discuss.
Steve
| More EnPower Performance Related Changes |
During the IT Offsite held on 10/12/01, we formed a team of IT and business leads to develop high level information flows within and between EES and WHS.
The team was directed to identify business areas that would benefit from the integration and potential sharing of systems.
Todd Busby and I are leading this effort.
In summary, our 3 week project plan includes developing a baseline process and information flow diagram across EES and WHS for Jan. '02, recommendations to be implemented by June '02 and our business vision for one integrated EES/WHS system solution by June '03.
Beth Perlman provided Accenture on 10/15 to assist in the facilitation and analysis of the data gathered.
Todd and I began the project on Monday, 10/15/01 and we will complete our initial analysis on Friday, 11/02/01 (3 week effort).
Last week we completed a project scope, schedule and initial high level information flow diagram which I have enclosed below.
In summary, we are holding approx.
5 workshops a week with the business leads in the integration team.
On Wednesday, 10/31, we will spend the day with EES/WHS IT to complete systems overlay's on our business process and information flows.
| EES/WHS Systems Integration Team Status-Directive from IT Offsite Mtg. 10/12 |
LLoyd Will and Kim Melodick have requested your help in identifying what YOU feel it takes to be successful within each functional unit of East Power.
This feedback will be used to create a recruiting, retention and development tool that will assist East Power in identifying the skills and training that are key to your group's success.
Please take some time to answer the attached four questions as they relate to your area.
Your participation and cooperation is greatly appreciated.
Sarah Zarkowsky x53791 Ben Brasseaux x58747 Meliza Evanson x57855 Enron North America Human Resources
| Sorry - correction on question # 4 |
Susie- The attached file details the Wind position at January 31, 2001.
I apologize for the delay...I was having trouble with the curves that I needed in order to recalc, but was able to resolve the problem.
Let me know if you need anything else.
Andrea Dahlke
| Wind Position at 1/31 |
Dear Stacey and Kristin- I have attached the 2000 Doorstep report for UK and Continental Power.
Unfortunately, Gas, EGM and EIM are also co-mingled in this report.
I apologize.
I will bring to the planning meeting their responses and status of these findings (I unfortunately, cannot email these).
Stacey - FYI, I kinda discussed this with Kristin.
But RAC is no longer going to play an active role in the doorstep process.
We are going to use their business expertise and concerns during the planning meeting, but other than that, they have agreed to be available on a "consulting" basis after that.
I am working with Paul Day (Andersen Sr. Mgr in London) and Paul Bromley (London EAS) on either getting an Andersen deal tester for you all or just substituting Andersen's deal testing for ours.
Additionally, EAS has performed a Client Self Assessment (similar to a "what could wrong" or control analysis form).
I am trying to get a copy of that prior to you all leaving for the doorstep.
I hope to have more info by next week, but wanted to pass this along.
Thanks, Christy
| UK and Continental Power DS Report |
Hi Stacey: Several weeks ago Amy Fitzpatrick contacted me about if/how we could coach John.
By now you have obviously heard about our response.
This morning John called me and said he was ready to get started.
What I need from you is your 'ok' (via e-mail is fine) to do this.
We would continue to bill you (your cost center) as we have been doing for your other folks we are coaching.
Please call me or send me a note at your earliest convenience.
John and I have a telephone session scheduled for Tuesday afternoon.
Also, I'd like a summary from you of what outcomes you want the coaching to produce.
Take care, enjoy the beautiful weather Jill
| John Postle...... |
There was some confusion in scheduling the update meeting today.
We are on for 1:30 in ECS05776.
Please plan on attending this important meeting.
A preliminary agenda is attached.
Steve
| East Desk Update Meeting Today |