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allen-p/all_documents/552. | subject: RE: Phillip Allen Response on Partnership Issues
content: Got your email. I will let Jacques know. I guess we can work out the finer
points next week. The bank here in Houston is dealing with their auditors
this week, so unfortunately I did not hear from them this week. The are
promising to have some feedback by Monday. I will let you know as soon as I
hear from them.
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/all_documents/553. | subject:
content: George,
The probability of building a house this year is increasing. I have shifted
to a slightly different plan. There were too many design items that I could
not work out in the plan we discussed previously. Now, I am leaning more
towards a plan with two wings and a covered courtyard in the center. One
wing would have a living/dining kitchen plus master bedroom downstairs with 3
kid bedrooms + a laundry room upstairs. The other wing would have a garage +
guestroom downstairs with a game room + office/exercise room upstairs. This
plan still has the same number of rooms as the other plan but with the
courtyard and pool in the center this plan should promote more outdoor
living. I am planning to orient the house so that the garage faces the west.
The center courtyard would be covered with a metal roof with some fiberglass
skylights supported by metal posts. I am envisioning the two wings to have
single slope roofs that are not connected to the center building.
I don't know if you can imagine the house I am trying to describe. I would
like to come and visit you again this month. If it would work for you, I
would like to drive up on Sunday afternoon on Feb. 18 around 2 or 3 pm. I
would like to see the progress on the house we looked at and tour the one we
didn't have time for. I can bring more detailed drawings of my new plan.
Call or email to let me know if this would work for you.
pallen70@hotmail.com or 713-463-8626(home), 713-853-7041(work)
Phillip Allen
PS. Channel 2 in Houston ran a story yesterday (Feb. 2) about a home in
Kingwood that had a poisonous strain of mold growing in the walls. You
should try their website or call the station to get the full story. It would
makes a good case for breathable walls. | phillip.allen@enron.com | info@geoswan.com |
allen-p/all_documents/554. | subject: Re: web site
content: 8500????? That's twice as valuable as your car! Can't you get a used one
for $3000? | phillip.allen@enron.com | jeff.richter@enron.com |
allen-p/all_documents/555. | subject: Re: web site
content: Nice. how much?
Are you trying to keep the economy going? | phillip.allen@enron.com | jeff.richter@enron.com |
allen-p/all_documents/556. | subject:
content: Testing. Sell low and buy high
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/31/2001
04:51 PM ---------------------------
From: Phillip K Allen 01/12/2001 08:58 AM
To: 8774820206@pagenetmessage.net
cc:
Subject:
testing | phillip.allen@enron.com | 8774820206@pagenetmessage.net |
allen-p/all_documents/557. | subject: Re: The Stage
content: Jeff,
Before you write off the stage, a few things to think about.
1. Operating expenses include $22,000 of materials for maintenance and
repairs. Plus having a full time onsite maintenance man means no extra labor
cost for repairs. There are only 44 units a lot of his time is spent on
repairs.
2. What is an outside management firm going to do? A full time onsite
manager is all that is required. As I mentioned the prior manager has
interest in returning. Another alternative would be to hire a male manager
that could do more make readies and lawn care. If you turn it over to a
management company you could surely reduce the cost of a full time manager
onsite.
3. Considering #1 & #2 $115,000 NOI is not necessarily overstated. If you
want to be ultra conservative use $100,000 at the lowest.
4. Getting cash out is not a priority to me. So I am willing to structure
this deal with minimum cash. A 10% note actually attractive. See below.
My job just doesn't give me the time to manage this property. This property
definitely requires some time but it has the return to justify the effort.
Sales Price 705,000
1st Lien 473,500
2nd Lien 225,000
Transfer fee 7,500
Cash required 14,500
NOI 100,000
1st Lien 47,292
2nd Lien 23,694
Cash flow 29,014
Cash on cash 200%
These numbers are using the conservative NOI, if it comes in at $115K then
cash on cash return would be more like 300%. This doesn't reflect the
additional profit opportunity of selling the property in the next few years
for a higher price.
Do you want to reconsider? Let me know.
Phillip | phillip.allen@enron.com | jsmith@austintx.com |
allen-p/all_documents/558. | subject: Highlights of Executive Summary by KPMG -- CPUC Audit Report on
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/31/2001=
=20
07:12 AM ---------------------------
Susan J Mara@ENRON
01/30/2001 10:10 AM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly=20
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol=
=20
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,=
=20
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H=20
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,=20
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy=20
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward=20
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,=
=20
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W=20
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger=20
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G=20
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EE=
S,=20
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James=20
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EE=
S,=20
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe=20
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy=20
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevi=
n=20
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,=
=20
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EE=
S,=20
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael=20
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES=
,=20
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul=20
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L=20
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard=20
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert=20
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,=
=20
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott=20
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,=20
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tas=
ha=20
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Ti=
m=20
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,=20
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S=20
Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com, Richard =
B=20
Sanders/HOU/ECT@ECT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,=
=20
dwatkiss@bracepatt.com, rcarroll@bracepatt.com, Donna=20
Fulton/Corp/Enron@ENRON, gfergus@brobeck.com, Kathryn=20
Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda=20
Robertson/NA/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Ren, Lazure/Western=
=20
Region/The Bentley Company@Exchange, Michael Tribolet/Corp/Enron@Enron,=20
Phillip K Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Richard B=20
Sanders/HOU/ECT@ECT, jklauber@llgm.com, Tamara Johnson/HOU/EES@EES, Robert =
C=20
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: =20
Subject: Highlights of Executive Summary by KPMG -- CPUC Audit Report on=20
Edison
----- Forwarded by Susan J Mara/NA/Enron on 01/30/2001 10:02 AM -----
=09"Daniel Douglass" <Douglass@ArterHadden.com>
=0901/30/2001 08:31 AM
=09=09=20
=09=09 To: <Barbara_Klemstine@apsc.com>, <berry@apx.com>, <dcazalet@apx.com=
>,=20
<billr@calpine.com>, <jackp@calpine.com>, <glwaas@calpx.com>,=20
<Ken_Czarnecki@calpx.com>, <gavaughn@duke-energy.com>,=20
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <jmpa@dynegy.com>,=20
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <Tamara_Johnson@enron.com>,=
=20
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>=
,=20
<jcgardin@newwestenergy.com>, <jsmollon@newwestenergy.com>,=20
<rsnichol@newwestenergy.com>, <Curtis_L_Kebler@reliantenergy.com>,=20
<rllamkin@seiworldwide.com>
=09=09 cc:=20
=09=09 Subject: CPUC Audit Report on Edison
The following are the highlights from the Executive Summary of the KPMG aud=
it=20
report on Southern California Edison:
=20
I. Cash Needs
Highlights:
SCE=01,s original cash forecast, dated as December 28, 2000, projects a com=
plete=20
cash depletion date of February 1, 2001. Since then SCE has instituted a=20
program of cash conservation that includes suspension of certain obligation=
s=20
and other measures.=20
Based on daily cash forecasts and cash conservation activities, SCE=01,s=20
available cash improved through January 19 from an original estimate of $51=
.8=20
million to $1.226 billion. The actual cash flow, given these cash=20
conservation activities, extends the cash depletion date.
II. Credit Relationships
Highlights:
SCE has exercised all available lines of credit and has not been able to=20
extend or renew credit as it has become due.
At present, there are no additional sources of credit open to SCE.
SCE=01,s loan agreements provide for specific clauses with respect to defau=
lt.=20
Generally, these agreements provide for the debt becoming immediately due a=
nd=20
payable.
SCE=01,s utility plant assets are used to secure outstanding mortgage bond=
=20
indebtedness, although there is some statutory capacity to issue more=20
indebtedness if it were feasible to do so.
Credit ratings agencies have downgraded SCE=01,s credit ratings on most of =
its=20
rated indebtedness from solid corporate ratings to below investment grade=
=20
issues within the last three weeks.
III. Energy Cost Scenarios
Highlights
This report section uses different CPUC supplied assumptions to assess=20
various price scenarios upon SCE=01,s projected cash depletion dates. Under=
such=20
scenarios, SCE would have a positive cash balance until March 30, 2001.
IV. Cost Containment Initiatives
Highlights
SCE has adopted a $460 million Cost Reduction Plan for the year 2001.
The Plan consists of an operation and maintenance component and a capital=
=20
improvement component as follows (in millions):
Operating and maintenance costs $ 77
Capital Improvement Costs 383
Total $ 460
The Plan provides for up to 2,000 full, part-time and contract positions to=
=20
be eliminated with approximately 75% of the total staff reduction coming fr=
om=20
contract employees.
Under the Plan, Capital Improvement Costs totaling $383 million are for the=
=20
most part being deferred to a future date.
SCE dividends to its common shareholder and preferred stockholders and=20
executive bonuses have been suspended, resulting in an additional cost=20
savings of approximately $92 million.
V. Accounting Mechanisms to Track Stranded Cost Recovery (TRA and TCBA=20
Activity)
Highlights:
As of December 31, 2000, SCE reported an overcollected balance in the=20
Transition Cost Balancing Account (TCBA) Account of $494.5 million. This=20
includes an estimated market valuation of its hydro facilities of $500=20
million and accelerated revenues of $175 million.
As of December 31, 2000, SCE reported an undercollected balance in SCE=01,s=
=20
Transition Account (TRA) of $4.49 billion.
Normally, the generation memorandum accounts are credited to the TCBA at th=
e=20
end of each year. However, the current generation memorandum account credit=
=20
balance of $1.5 billion has not been credited to the TCBA, pursuant to=20
D.01-01-018.
Costs of purchasing generation are tracked in the TRA and revenues from=20
generation are tracked in the TCBA. Because these costs and revenues are=20
tracked separately, the net liability from procuring electric power, as=20
expressed in the TRA, are overstated.
TURN Proposal
As part of our review, the CPUC asked that we comment on the proposal of TU=
RN=20
to change certain aspects of the regulatory accounting for transition asset=
s.=20
Our comments are summarized as follows:
The Proposal would have no direct impact on the cash flows of SCE in that i=
t=20
would not directly generate nor use cash.
The Proposal=01,s impact on SCE=01,s balance sheet would initially be to sh=
ift=20
costs between two regulatory assets.
TURN=01,s proposal recognizes that because the costs of procuring power and=
the=20
revenues from generating power are tracked separately, the undercollection =
in=20
the TRA is overstated.
VI. Flow of Funds Analysis
Highlights:
In the last five years, SCE had generated net income of $2.7 billion and a=
=20
positive cash flow from operations of $7 billion.
During the same time period, SCE paid dividends and other distributions to=
=20
its parent, Edison International, of approximately $4.8 billion.
Edison International used the funds from dividends to pay dividends to its=
=20
shareholders of $1.6 billion and repurchased shares of its outstanding comm=
on=20
stock of $2.7 billion, with the remaining funds being used for administrati=
ve=20
and general costs, investments, and other corporate purposes.
[there is no Section VII]
=20
VIII. Earnings of California Affiliates
SCE=01,s payments for power to its affiliates were approximately $400-$500=
=20
million annually and remained relatively stable from 1996 through 1999.=20
In 2000, the payments increased by approximately 50% to over $600 million.=
=20
This increase correlates to the increase in market prices
for natural gas for the same period.
A copy of the report is available on the Commission website at=20
www.cpuc.ca.gov.
=20
Dan | phillip.allen@enron.com | mike.grigsby@enron.com, keith.holst@enron.com |
allen-p/all_documents/559. | subject:
content: George,
In response to your ideas
Time and cost
1. I realize that asking for a fixed price contract would result in the
builder using a higher estimate to cover uncertainty. That | phillip.allen@enron.com | c@enron.com |
allen-p/all_documents/56. | subject: Re: Nortel box
content: How about 3:30 | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/all_documents/560. | subject:
content: Lucy,
What is the latest? Write me a note about what is going on and what issues
you need my help to deal with when you send the rentroll.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/all_documents/561. | subject: CPUC posts audit reports
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/30/2001
11:21 AM ---------------------------
Susan J Mara@ENRON
01/30/2001 09:14 AM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES,
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com, Richard B
Sanders/HOU/ECT@ECT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
dwatkiss@bracepatt.com, rcarroll@bracepatt.com, Donna
Fulton/Corp/Enron@ENRON, gfergus@brobeck.com, Kathryn
Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Ren, Lazure/Western
Region/The Bentley Company@Exchange, Michael Tribolet/Corp/Enron@Enron,
Phillip K Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, jklauber@llgm.com, Tamara Johnson/HOU/EES@EES, Gordon
Savage/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: CPUC posts audit reports
Here's the link for the audit report
----- Forwarded by Susan J Mara/NA/Enron on 01/30/2001 08:53 AM -----
andy brown <andybrwn@earthlink.net>
01/29/2001 07:27 PM
Please respond to abb; Please respond to andybrwn
To: carol@iepa.com
cc: "'Bill Carlson (E-mail)'" <william_carlson@wastemanagement.com>, "'Bill
Woods (E-mail)'" <billw@calpine.com>, "'Bob Ellery (E-mail)'"
<bellery@spi-ind.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Gates (E-mail)'" <bob.gates@enron.com>,
"'Carolyn A Baker (E-mail)'" <cabaker@duke-energy.com>, "'Cody Carter
(E-mail)'" <cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'"
<david.parquet@enron.com>, "'Dean Gosselin (E-mail)'"
<dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>,
"'Duane Nelsen (E-mail)'" <dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'"
<ed.tomeo@uaecorp.com>, "'Eileen Koch (E-mail)'" <eileenk@calpine.com>,
"'Eric Eisenman (E-mail)'" <eric.eisenman@gen.pge.com>, "'Frank DeRosa
(E-mail)'" <frank.derosa@gen.pge.com>, "'Greg Blue (E-mail)'"
<gtbl@dynegy.com>, "'Hap Boyd (E-mail)'" <Hap_Boyd@enron.com>, "'Hawks Jack
(E-mail)'" <jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'"
<jackp@calpine.com>, "'Jim Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe
Greco (E-mail)'" <jgreco@caithnessenergy.com>, "'Joe Ronan (E-mail)'"
<joer@calpine.com>, "'John Stout (E-mail)'" <john_h_stout@reliantenergy.com>,
"'Jonathan Weisgall (E-mail)'" <jweisgall@aol.com>, "'Kate Castillo
(E-mail)'" <CCastillo@riobravo-gm.com>, "Kelly Lloyd (E-mail)"
<kellyl@enxco.com>, "'Ken Hoffman (E-mail)'" <khoffman@caithnessenergy.com>,
"'Kent Fickett (E-mail)'" <kfickett@usgen.com>, "'Kent Palmerton'"
<kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'" <lale@dynegy.com>,
"'Marty McFadden (E-mail)'" <marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Roger Pelote (E-mail)'"
<roger.pelote@williams.com>, "'Ross Ain (E-mail)'"
<rain@caithnessenergy.com>, "'Stephanie Newell (E-mail)'"
<stephanie-newell@reliantenergy.com>, "'Steve Iliff'"
<siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'" <steve_ponder@fpl.com>,
"'Susan J Mara (E-mail)'" <smara@enron.com>, "'Tony Wetzel (E-mail)'"
<twetzel@thermoecotek.com>, "'William Hall (E-mail)'"
<wfhall2@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Allen Jensen (E-mail)'"
<al.jensen@nrgenergy.com>, "'Andy Gilford (E-mail)'"
<agilford@wbcounsel.com>, "'Armen Arslanian (E-mail)'"
<Armen.Arslanian@gecapital.com>, "Bert Hunter (E-mail)"
<rjhunter@spectrumcapital.com>, "'Bill Adams (E-mail)'" <sangorgon@aol.com>,
"'Bill Barnes (E-mail)'" <bill.barnes@lgeenergy.com>, "'Bo Buchynsky
(E-mail)'" <BBuchynsky@aol.com>, "'Bob Tormey'" <rjtormey@duke-energy.com>,
"'Charles Johnson (E-mail)'" <c.johnson@ejgd.com>, "'Charles Linthicum
(E-mail)'" <charles.linthicum@powersrc.com>, "'Diane Fellman (E-mail)'"
<difellman@energy-law-group.com>, "'Don Scholl (E-mail)'"
<dscholl@purenergyllc.com>, "'Ed Maddox (E-mail)'"
<emaddox@seawestwindpower.com>, "'Edward Lozowicki (E-mail)'"
<elozowicki@sjo.coudert.com>, "'Edwin Feo (E-mail)'" <efeo@milbank.com>,
"'Eric Edstrom (E-mail)'" <edstrome@epenergy.com>, "'Floyd Gent (E-mail)'"
<fgent@thermoecotek.com>, "'Hal Dittmer (E-mail)'" <hedsf@aol.com>, "'John
O'Rourke'" <orourke.john@epenergy.com>, "'Kawamoto, Wayne'"
<wkawamoto@wm.com>, "'Ken Salvagno (E-mail)'" <kbssac@aol.com>, "Kent Burton
(E-mail)" <kent_burton@ogden-energy.com>, "'Larry Kellerman'"
<kellerman.larry@epenergy.com>, "'Levitt, Doug'" <sdl@calwind.com>, "'Lucian
Fox (E-mail)'" <lucian_fox@ogden-energy.com>, "'Mark J. Smith (E-mail)'"
<mark_J_smith@fpl.com>, "'Milton Schultz (E-mail)'" <bfpjv@c-zone.net>, "'Nam
Nguyen (E-mail)'" <nam.nguyen@powersrc.com>, "'Paul Wood (E-mail)'"
<paul_wood@ogden-energy.com>, "'Pete Levitt (E-mail)'" <Pete@calwind.com>,
"'Phil Reese (E-mail)'" <rcsc@west.net>, "'Robert Frees (E-mail)'"
<freesrj@apci.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>, "'Scott
Harlan (E-mail)'" <harlans@epenergy.com>, "'Tandy McMannes (E-mail)'"
<mcmannes@aol.com>, "'Ted Cortopassi (E-mail)'"
<ted_cortopassi@ogden-energy.com>, "'Thomas Heller (E-mail)'"
<hellertj@apci.com>, "'Thomas Swank'" <swank.thomas@epenergy.com>, "'Tom
Hartman (E-mail)'" <tom_hartman@fpl.com>, "'Ward Scobee (E-mail)'"
<wscobee@caithnessenergy.com>, "'Brian T. Craggq'" <bcragg@gmssr.com>, "'J.
Feldman'" <jfeldman@mofo.com>, "'Kassandra Gough (E-mail)'"
<kgough@calpine.com>, "'Kristy Rumbaugh (E-mail)'"
<kristy_rumbaugh@ogden-energy.com>, "Andy Brown (E-mail)"
<abb@eslawfirm.com>, "Jan Smutny-Jones (E-mail)" <smutny@iepa.com>, "Katie
Kaplan (E-mail)" <kaplan@iepa.com>, "Steven Kelly (E-mail)" <steven@iepa.com>
Subject: CPUC posts audit reports
This email came in to parties to the CPUC proceeding. The materials should
be available on the CPUC website, www.cpuc.ca.gov. The full reports will be
available. ABB
Parties, this e-mail note is to inform you that the KPMG audit report will be
posted on the web as of 7:00 p.m on January 29, 2001. You will see
the following documents on the web:
1. President Lynch's statement
2. KPMG audit report of Edison
3. Ruling re: confidentiality
Here is the link to the web site:
http://www.cpuc.ca.gov/010129_audit_index.htm
--
Andrew Brown
Sacramento, CA
andybrwn@earthlink.net | phillip.allen@enron.com | mike.grigsby@enron.com |
allen-p/all_documents/562. | subject: Re: Bishops Corner Partnership
content: George,
Keith and I are reviewing your proposal. We will send you a response by this
evening.
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/all_documents/563. | subject: RE:Stock Options
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001
03:26 PM ---------------------------
"Stephen Benotti" <stephen.benotti@painewebber.com> on 01/29/2001 11:24:33 AM
To: "'pallen@enron.com'" <pallen@enron.com>
cc:
Subject: RE:Stock Options
Phillip here is the information you requested.
Shares Vest date Grant Price
4584 12-31-01 18.375
3200
1600 12-31-01 20.0625
1600 12-31-02 20.0625
9368
3124 12-31-01 31.4688
3124 12-31-02 31.4688
3120 12-31-03 31.4688
5130
2565 1-18-02 55.50
2565 1-18-03 55.50
7143
2381 8-1-01 76.00
2381 8-1-02 76.00
2381 8-1-03 76.00
24
12 1-18-02 55.50
12 1-18-03 55.50
Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions. Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees. | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/all_documents/564. | subject: Re: 32 acres
content: Jeff,
That is good news about Leander.
Now for the stage. I would like to get it sold by the end of March. I have
about $225K invested in the stagecoach,
it looks like I need to get around $745K to breakeven.
I don't need the cash out right now so if I could get a personal guarantee
and Jaques Craig can
work out the partnership transfer, I would definitely be willing to carry a
second lien. I understand second liens are going for 10%-12%.
Checkout this spreadsheet.
These numbers should get the place sold in the next fifteen minutes.
However, I am very concerned about the way it is being shown. Having Lucy
show it is not a good idea. I need you to meet the buyers and take some
trips over to get more familar with the property. My dad doesn't have the
time and I don't trust
Lucy or Wade to show it correctly. I would prefer for you to show it from
now on.
I will have the operating statements complete through December by this
Friday.
Phillip | phillip.allen@enron.com | jsmith@austintx.com |
allen-p/all_documents/565. | subject: Re: SM134
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001
12:14 PM ---------------------------
To: <cbpres@austin.rr.com>
cc:
Subject: Re: SM134
George,
Here is a spreadsheet that illustrates the payout of investment and builders
profit. Check my math, but it looks like all the builders profit would be
recouped in the first year of operation. At permanent financing $1.1 would
be paid, leaving only .3 to pay out in the 1st year.
Since almost 80% of builders profit is repaid at the same time as the
investment, I feel the 65/35 is a fair split. However, as I mentioned
earlier, I think we should negotiate to layer on additional equity to you as
part of the construction contract.
Just to begin the brainstorming on what a construction agreement might look
like here are a few ideas:
1. Fixed construction profit of $1.4 million. Builder doesn't benefit from
higher cost, rather suffers as an equity holder.
2. +5% equity for meeting time and costs in original plan ($51/sq ft, phase
1 complete in November)
+5% equity for under budget and ahead of schedule
-5% equity for over budget and behind schedule
This way if things go according to plan the final split would be 60/40, but
could be as favorable as 55/45. I realize that what is budget and schedule
must be discussed and agreed upon.
Feel free to call me at home (713)463-8626
Phillip | phillip.allen@enron.com | kholst@enron.com |
allen-p/all_documents/566. | subject: RE: Loan for San Marcos
content: George,
We should hear from the bank in Houston on Monday.
The best numbers and times to reach me:
work 713-853-7041
fax 713-464-2391
cell 713-410-4679
home 713-463-8626
pallen70@hotmail.com (home)
pallen@enron.com (work)
I am usually at work M-F 7am-5:30pm. Otherwise try me at home then on my
cell.
Keiths numbers are:
work 713-853-7069
fax 713-464-2391
cell 713-502-9402
home 713-667-5889
kholst@enron.com
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/all_documents/567. | subject: Re: NGI access to eol
content: Dexter,
You should receive a guest id shortly.
Phillip | phillip.allen@enron.com | dexter@intelligencepress.com |
allen-p/all_documents/568. | subject: NGI access to eol
content: Griff,
Can you accomodate Dexter as we have in the past. This has been very helpful
in establishing a fair index at Socal Border.
Phillip
Please cc me on the email with a guest password. The sooner the better as
bidweek is underway.
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/26/2001
09:49 AM ---------------------------
Dexter Steis <dexter@intelligencepress.com> on 01/26/2001 07:28:29 AM
To: Phillip.K.Allen@enron.com
cc:
Subject: NGI access to eol
Phillip,
I was wondering if I could trouble you again for another guest id for eol.
In previous months, it has helped us here at NGI when we go to set indexes.
I appreciate your help on this.
Dexter | phillip.allen@enron.com | mary.gray@enron.com |
allen-p/all_documents/569. | subject: Status of QF negotiations on QFs & Legislative Update
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/26/2001
09:41 AM ---------------------------
From: Chris H Foster 01/26/2001 05:50 AM
To: Phillip K Allen/HOU/ECT@ECT
cc: Vladimir Gorny/HOU/ECT@ECT
Subject: Status of QF negotiations on QFs & Legislative Update
Phillip:
It looks like a deal with the non gas fired QFs is iminent. One for the gas
generators is still quite a ways off.
The non gas fired QFs will be getting a fixed price for 5 years and reverting
back to their contracts thereafter. They also will give back
I would expect that the gas deal using an implied gas price times a heat rate
would be very very difficult to close. Don't expect hedgers to come any time
soon.
I will keep you abreast of developments.
C
---------------------- Forwarded by Chris H Foster/HOU/ECT on 01/26/2001
05:42 AM ---------------------------
Susan J Mara@ENRON
01/25/2001 06:02 PM
To: Michael Tribolet/Corp/Enron@Enron, Christopher F Calger/PDX/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Michael Etringer/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT
cc:
Subject: Status of QF negotiations on QFs & Legislative Update
This from a conference call with IEP tonight at 5 pm:
RE; Non-Gas-fired QFs -- The last e-mail I sent includes the latest version
of the IEP proposal. Negotiations with SCE on this proposal are essentially
complete. PG&E is OK with the docs. All QFs but Calpine have agreed with
the IEP proposal -- Under the proposal, PG&E would "retain" $106 million (of
what, I'm not sure -- I think they mean a refund to PG&E from QFs who
switched to PX pricing). The money would come from changing the basis for the
QF payments from the PX price to the SRAC price, starting back in December
(and maybe earlier).
PG&E will not commit to a payment schedule and will not commit to take the
Force Majeure notices off the table. QFs are asking IEP to attempt to get
some assurances of payment.
SCE has defaulted with its QFs; PG&E has not yet -- but big payments are due
on 2/2/01.
For gas-fired QFs -- Heat rate of 10.2 included in formula for PG&E's
purchases from such QFs. Two people are negotiating the these agreements
(Elcantar and Bloom), but they are going very slowly. Not clear this can be
resolved. Batten and Keeley are refereeing this. No discussions on this
occurred today.
Status of legislation -- Keeley left town for the night, so not much will
happen on the QFs.Assembly and Senate realize they have to work together.
Plan to meld together AB 1 with Hertzberg's new bill . Hydro as security is
dead. Republicans were very much opposed to it. | phillip.allen@enron.com | mike.grigsby@enron.com, keith.holst@enron.com |
allen-p/all_documents/57. | subject: Re: SM134 Proforma.xls
content: George,
I received the drawings. They look good at first glance. I will look at
them in depth this weekend. The proforma was in the winmail.dat format which
I cannot open. Please resend in excel or a pdf format. If you will send it
to pallen70@hotmail.com, I will be able to look at it this weekend. Does
this file have a timeline for the investment dollars? I just want to get a
feel for when you will start needing money.
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/all_documents/570. | subject: Analyst Interviews Needed - 2/15/01
content: Patti,
This sounds like an opportunity to land a couple of analyst to fill the gaps
in scheduling. Remember their rotations last for one year. Do you want to
be an interviewer?
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001
12:46 PM ---------------------------
From: Jana Giovannini 01/24/2001 09:42 AM
To: Chris Gaskill/Corp/Enron@Enron, Marc De La Roche/HOU/ECT@ECT, Mark A
Walker/NA/Enron@Enron, Andrea V Reed/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, John Best/NA/Enron, Timothy J
Detmering/HOU/ECT@ECT, Barry Tycholiz/NA/Enron@ENRON, Frank W
Vickers/NA/Enron@Enron, Carl Tricoli/Corp/Enron@Enron, Edward D
Baughman/HOU/ECT@ECT, Larry Lawyer/NA/Enron@Enron, Jere C
Overdyke/HOU/ECT@ECT, Brad Blesie/Corp/Enron@ENRON, Lynette
LeBlanc/Houston/Eott@Eott, Thomas Myers/HOU/ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Steve
Venturatos/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
Subject: Analyst Interviews Needed - 2/15/01
All,
The Analyst and Associate Programs recognize we have many Analyst needs that
need to be addressed immediately. While we anticipate many new Analysts
joining Enron this summer (late May) and fulltime (August) we felt it
necessary to address some of the immediate needs with an Off-Cycle Recruiting
event. We are planning this event for Thursday, February 15 and are inviting
approximately 30 candidates to be interviewed. I am asking that you forward
this note to any potential interviewers (Managers or above). We will conduct
first round interviews in the morning and the second round interviews in the
afternoon. We need for interviewers to commit either to the morning
(9am-12pm) or afternoon (2pm-5pm) complete session. Please submit your
response using the buttons below and update your calendar for this date. In
addition, we will need the groups that have current needs to commit to taking
one or more of these Analysts should they be extended an offer. Thanks in
advance for your cooperation.
Thank you,
Jana | phillip.allen@enron.com | patti.sullivan@enron.com |
allen-p/all_documents/571. | subject: Re: Resume
content: Nick,
There is a specific program that we are using to recruit, train, and mentor
new traders on the gas and power desks. The trading track program is being
coordinated by Ted Bland. I have forwarded him your resume. Give him a call
and he will fill you in on the details of the program.
Phillip | phillip.allen@enron.com | nick.politis@enron.com |
allen-p/all_documents/572. | subject: Kidventure Camp
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001
12:39 PM ---------------------------
Enron North America Corp.
From: WorkLife Department and Kidventure @ ENRON
01/24/2001 09:00 PM
Sent by: Enron Announcements@ENRON
To: All Enron Houston
cc:
Subject: Kidventure Camp | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/all_documents/573. | subject:
content: Lucy,
#32 and #29 are fine.
#28 paid weekly on 1/5. Then he switched to biweekly. He should have paid
260 on 1/12. Two weeks rent in advance. Instead he paid 260 on 1/19. He
either needs to get back on schedule or let him know he is paying in the
middle of his two weeks. He is only paid one week in advance. This is not a
big deal, but you should be clear with tenants that rent is due in advance.
Here is an updated rentroll. Please use this one instead of the one I sent
you this morning.
Finally, can you fax me the application and lease from #9.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/all_documents/574. | subject: Re: Draft of Opposition to ORA/TURN petition
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/25/2001
08:17 AM ---------------------------
From: Leslie Lawner@ENRON on 01/24/2001 08:17 PM CST
To: MBD <MDay@GMSSR.com>
cc: Harry Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Don Black/HOU/EES@EES,
James Shirley/HOU/EES@EES, Frank Ermis/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT
Subject: Re: Draft of Opposition to ORA/TURN petition
Everything is short and sweet except the caption! One comment. The very
last sentence reads : PG&E can continue to physically divert gas if
necessary . . . " SInce they haven't actually begun to divert yet, let's
change that sentence to read "PG&E has the continuing right to physically
divert gas if necessary..."
I will send this around for comment. Thanks for your promptness.
Any comments, anyone?
MBD <MDay@GMSSR.com>
01/24/2001 03:47 PM
To: "'llawner@enron.com'" <llawner@enron.com>
cc:
Subject: Draft of Opposition to ORA/TURN petition
Leslie:
Here is the draft. Short and sweet. Let me know what you think. We will
be ready to file on Friday. Mike Day
<<X20292.DOC>>
- X20292.DOC | phillip.allen@enron.com | mike.grigsby@enron.com |
allen-p/all_documents/575. | subject:
content: Lucy,
Here is a rentroll for this week. I still have questions on #28,#29, and #32. | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/all_documents/576. | subject:
content: Larry,
I met with a banker that is interested in financing the project. They need
the following:
Financial statements plus last two years tax returns.
Builders resume listing similar projects
The banker indicated he could pull together a proposal by Friday. If we are
interested in his loan, he would want to come see the site.
If you want to overnight me the documents, I will pass them along. You can
send them to my home or office (1400 Smith, EB3210B, Houston, TX 77002).
The broker is Jim Murnan. His number is 713-781-5810, if you want to call
him and send the documents to him directly.
It sounds like the attorneys are drafting the framework of the partnership
agreement. I would like to nail down the outstanding business points as soon
as possible.
Please email or call with an update.
Phillip | phillip.allen@enron.com | llewter@austin.rr.com |
allen-p/all_documents/577. | subject: Re: Response to PGE request for gas
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/22/2001
02:06 PM ---------------------------
From: Travis McCullough on 01/22/2001 01:48 PM CST
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re: Response to PGE request for gas
Draft response to PGE -- do you have any comments?
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490
----- Forwarded by Travis McCullough/HOU/ECT on 01/22/2001 01:47 PM -----
William S Bradford
01/22/2001 01:44 PM
To: Travis McCullough/HOU/ECT@ECT
cc:
Subject: Re: Response to PGE request for gas
Works for me. Have you run it by Phillip Allen?
From: Travis McCullough on 01/22/2001 01:29 PM
To: William S Bradford/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron
cc:
Subject: Response to PGE request for gas
Please call me with any comments or questions.
Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone: (713) 853-1575
Fax: (713) 646-3490 | phillip.allen@enron.com | john.lavorato@enron.com |
allen-p/all_documents/578. | subject:
content: By STEVE EVERLY - The Kansas City Star
Date: 01/20/01 22:15
As natural gas prices rose in December, traders at the New York Mercantile
Exchange kept one eye on the weather forecast and another on a weekly gas
storage number.
The storage figures showed utilities withdrawing huge amounts of gas, and the
forecast was for frigid weather. Traders put the two together, anticipated a
supply crunch and drove gas prices to record heights.
"Traders do that all the time; they're looking forward," said William Burson,
a trader. "It makes the market for natural gas."
But the market's response perplexed Chris McGill, the American Gas
Association's director of gas supply and transportation. He had compiled the
storage numbers since they were first published in 1994, and in his view the
numbers were being misinterpreted to show a situation far bleaker than
reality.
"It's a little frustrating that they don't take the time to understand what
we are reporting," McGill said.
As consumer outrage builds over high heating bills, the hunt for reasons --
and culprits -- is on. Some within the natural gas industry are pointing
fingers at Wall Street.
Stephen Adik, senior vice president of the Indiana utility NiSource, recently
stepped before an industry conference and blamed the market's speculators for
the rise in gas prices.
"It's my firm belief ... that today's gas prices are being manipulated," Adik
told the trade magazine Public Utilities Fortnightly.
In California, where natural gas spikes have contributed to an electric
utility crisis, six investigations are looking into the power industry.
Closer to home, observers note that utilities and regulators share the blame
for this winter's startling gas bills, having failed to protect their
customers and constituents from such price spikes.
Most utilities, often with the acquiescence of regulators, failed to take
precautions such as fixed-rate contracts and hedging -- a sort of price
insurance -- that could have protected their customers by locking in gas
prices before they soared.
"We're passing on our gas costs, which we have no control over," said Paul
Snider, a spokesman for Missouri Gas Energy.
But critics say the utilities shirked their responsibility to customers.
"There's been a failure of risk management by utilities, and that needs to
change," said Ed Krapels, director of gas power services for Energy Security
Analysis Inc., an energy consulting firm in Wakefield, Mass.
Hot topic
Consumers know one thing for certain: Their heating bills are up sharply. In
many circles, little else is discussed.
The Rev. Vincent Fraser of Glad Tidings Assembly of God in Kansas City is
facing a $1,456 December bill for heating the church -- more than double the
previous December's bill. Church members are suffering from higher bills as
well.
The Sunday collection is down, said Fraser, who might have to forgo part of
his salary. For the first time, the church is unable to meet its financial
pledge to overseas missionaries because the money is going to heating.
"It's the talk of the town here," he said.
A year ago that wasn't a fear. Wholesale gas prices hovered just above $2 per
thousand cubic feet -- a level that producers say didn't make it worthwhile
to drill for gas. Utilities were even cutting the gas prices paid by
customers.
But trouble was brewing. By spring, gas prices were hitting $4 per thousand
cubic feet, just as utilities were beginning to buy gas to put into storage
for winter.
There was a dip in the fall, but then prices rebounded. By early November,
prices were at $5 per thousand cubic feet. The federal Energy Information
Administration was predicting sufficient but tight gas supplies and heating
bills that would be 30 percent to 40 percent higher.
But $10 gas was coming. Below-normal temperatures hit much of the country,
including the Kansas City area, and fears about tight supplies roiled the gas
markets.
"It's all about the weather," said Krapels of Energy Security Analysis.
Wholesale prices exploded to $10 per thousand cubic feet, led by the New York
traders. Natural gas sealed its reputation as the most price-volatile
commodity in the world.
Setting the price
In the 1980s, the federal government took the caps off the wellhead price of
gas, allowing it to float. In 1990, the New York Mercantile began trading
contracts for future delivery of natural gas, and that market soon had
widespread influence over gas prices.
The futures contracts are bought and sold for delivery of natural gas as soon
as next month or as far ahead as three years. Suppliers can lock in sale
prices for the gas they expect to produce. And big gas consumers, from
utilities to companies such as Farmland Industries Inc., can lock in what
they pay for the gas they expect to use.
There are also speculators who trade the futures contracts with no intention
of actually buying or selling the gas -- and often with little real knowledge
of natural gas.
But if they get on the right side of a price trend, traders don't need to
know much about gas -- or whatever commodity they're trading. Like all
futures, the gas contracts are purchased on credit. That leverage adds to
their volatility and to the traders' ability to make or lose a lot of money
in a short time.
As December began, the price of natural gas on the futures market was less
than $7 per thousand cubic feet. By the end of the month it was nearly $10.
Much of the spark for the rally came from the American Gas Association's
weekly storage numbers.
Utilities buy ahead and store as much as 50 percent of the gas they expect to
need in the winter.
Going into the winter, the storage levels were about 5 percent less than
average, in part because some utilities were holding off on purchasing, in
hopes that the summer's unusually high $4 to $5 prices would drop.
Still, the American Gas Association offered assurances that supplies would be
sufficient. But when below-normal temperatures arrived in November, the
concerns increased among traders that supplies could be insufficient.
Then the American Gas Association reported the lowest year-end storage
numbers since they were first published in 1994. Still, said the
association's McGill, there was sufficient gas in storage.
But some utility executives didn't share that view. William Eliason, vice
president of Kansas Gas Service, said that if December's cold snap had
continued into January, there could have been a real problem meeting demand.
"I was getting worried," he said.
Then suddenly the market turned when January's weather turned warmer.
Wednesday's storage numbers were better than expected, and futures prices
dropped more than $1 per thousand cubic feet.
Just passing through
Some utilities said there was little else to do about the price increase but
pass their fuel costs on to customers.
Among area utilities, Kansas Gas Service increased its customers' cost-of-gas
charge earlier this month to $8.68 per thousand cubic feet. And Missouri Gas
Energy has requested an increase to $9.81, to begin Wednesday.
Sheila Lumpe, chairwoman of the Missouri Public Service Commission, said last
month that because utilities passed along their wholesale costs, little could
be done besides urging consumers to join a level-payment plan and to conserve
energy.
Kansas Gas Service had a small hedging program in place, which is expected to
save an average customer about $25 this winter.
Missouri Gas Energy has no hedging program. It waited until fall to seek an
extension of the program and then decided to pass when regulators would not
guarantee that it could recover its hedging costs.
Now utilities are being asked to justify the decisions that have left
customers with such high gas bills. And regulators are being asked whether
they should abandon the practice of letting utilities pass along their fuel
costs.
On Friday, Doug Micheel, senior counsel of the Missouri Office of the Public
Counsel, said his office would ask the Missouri Public Service Commission to
perform an emergency audit of Missouri Gas Energy's gas purchasing practices.
"Consumers are taking all the risk," Micheel said. "It's time to consider
some changes."
To reach Steve Everly, call (816) 234-4455 or send e-mail to
severly@kcstar.com.
------------------------------------------------------------------------------
--
All content , 2001 The Kansas City Star | phillip.allen@enron.com | mike.grigsby@enron.com |
allen-p/all_documents/579. | subject: Re: Please respond
content: message board | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/all_documents/58. | subject: Re: West Gas Trading 2001 Plan
content: Paula,
I looked over the plan. It looks fine.
Phillip | phillip.allen@enron.com | paula.harris@enron.com |
allen-p/all_documents/580. | subject: Re: Please respond
content: need help. | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/all_documents/581. | subject:
content: Jeff,
Here is a recent rentroll. I understand another looker went to the
property. I want to hear the feedback no matter how discouraging. I am in
Portland for the rest of the week. You can reach me on my cell phone
713-410-4679. My understanding was that you would be overnighting some
closing statements for Leander on Friday. Please send them to my house (8855
Merlin Ct, Houston, TX 77055).
Call me if necessary.
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/18/2001
08:06 AM ---------------------------
"phillip allen" <pallen70@hotmail.com> on 01/16/2001 06:36:15 PM
To: pallen@enron.com
cc:
Subject:
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com
- rentroll_investors_0112.xls | phillip.allen@enron.com | jsmith@austintx.com |
allen-p/all_documents/582. | subject:
content: Larry,
The wire should go out today. I am in Portland but can be reached by cell
phone 713-410-4679. Call me if there are any issues. I will place a call to
my attorney to check on the loan agreement.
Phillip | phillip.allen@enron.com | llewter@austin.rr.com |
allen-p/all_documents/583. | subject:
content: Lucy,
Why did so many tenants not pay this week?
#12 95
#21 240
#27 120
#28 260
#33 260
Total 975
It seems these apartments just missed rent. What is up?
Other questions:
#9-Why didn't they pay anything? By my records, they still owe $40 plus rent
should have been due on 12/12 of $220.
#3-Why did they short pay? | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/all_documents/584. | subject: California Action Update 1-14-00
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001
07:25 AM ---------------------------
From: James D Steffes@ENRON on 01/15/2001 11:36 AM CST
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Michael
Tribolet/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Christian
Yoder/HOU/ECT@ECT, pgboylston@stoel, Travis McCullough/HOU/ECT@ECT, Don
Black/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Wanda
Curry/HOU/EES@EES, Scott Stoness/HOU/EES@EES, mday@gmssr.com, Susan J
Mara/NA/Enron@ENRON, robert.c.williams@enron.com, William S
Bradford/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
cc:
Subject: California Action Update 1-14-00
Enron has agreed that the key issue is to focus on solving the S-T buying
needs. Attached is a spreadsheet that outlines the $ magnitude of the next
few months.
TALKING POINTS:
Lot's of questions about DWR becoming the vehicle for S-T buying and there
is a significant legal risk for it becoming the vehicle. WE DO NEED
SOMETHING TO BRIDGE BEFORE WE PUT IN L-T CONTRACTS.
Huge and growing shortfall ($3.2B through March 31, 2001)
The SOONER YOU CAN PUT IN L-T CONTRACTS STOP THE BLEEDING.
Bankruptcy takes all authority out of the Legislature's hands.
ACTION ITEMS:
1. Energy Sales Participation Agreement During Bankruptcy
Michael Tribolet will be contacting John Klauberg to discuss how to organize
a Participation Agreement to sell to UDCs in Bankruptcy while securing Super
Priority.
2. Legislative Language for CDWR (?) Buying Short-Term
Sandi McCubbin / Jeff Dasovich will lead team to offer new language to meet
S-T requirements of UDCs. Key is to talk with State of California Treasurer
to see if the $ can be found or provided to private firms. ($3.5B by end of
April). Pat Boylston will develop "public benefit" language for options
working with Mike Day. He can be reached at 503-294-9116 or
pgboylston@stoel.com.
3. Get Team to Sacramento
Get with Hertzberg to discuss the options (Bev Hansen). Explain the
magnitude of the problem. Get Mike Day to help draft language.
4. See if UDCs have any Thoughts
Steve Kean will communicate with UDCs to see if they have any solutions or
thougths. Probably of limited value.
5. Update List
Any new information on this should be communicated to the following people as
soon as possible. These people should update their respective business units.
ENA Legal - Christian Yoder / Travis McCullough
Credit - Michael Tribolet
EES - Vicki Sharp / Don Black
ENA - Tim Belden / Philip Allen
Govt Affairs - Steve Kean / Richard Shapiro | phillip.allen@enron.com | mike.grigsby@enron.com, keith.holst@enron.com |
allen-p/all_documents/585. | subject: California - Jan 13 meeting
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001
07:18 AM ---------------------------
From: Steven J Kean@ENRON on 01/14/2001 01:52 PM CST
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT,
John J Lavorato/Corp/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, Karen S Owens@ees@EES, Thomas E White/HOU/EES@EES,
Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, William S Bradford/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Alan
Comnes/PDX/ECT@ECT, Karen Denne/Corp/Enron@ENRON, Mark E
Haedicke/HOU/ECT@ECT, Wanda Curry/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Roger Yang/SFO/EES@EES, Dennis
Benevides/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES,
Sandra McCubbin/NA/Enron@Enron, David Parquet/SF/ECT@ECT, Robert
Johnston/HOU/ECT@ECT, Don Black/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON,
Michael Tribolet/Corp/Enron@Enron, Greg Wolfe/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Stephen Swain/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT
cc:
Subject: California - Jan 13 meeting
Attached is a summary of the Jan 13 Davis-Summers summit on the California
power situation. We will be discussing this at the 2:00 call today. | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/all_documents/586. | subject: Re:
content: Kristin,
Thank you for the California update. Please continue to include me in all
further intellegence reports regarding the situation in California.
Phillip | phillip.allen@enron.com | kristin.walsh@enron.com |
allen-p/all_documents/587. | subject: Re: Analyst Rotating
content: Andrea,
Please resend the first three resumes.
Phillip | phillip.allen@enron.com | andrea.richards@enron.com |
allen-p/all_documents/588. | subject: Analyst Rotating
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/12/2001
01:45 PM ---------------------------
Enron North America Corp.
From: Andrea Richards @ ENRON 01/10/2001 12:49 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Analyst Rotating
Phillip, attached are resumes of analysts that are up for rotation. If you
are interested, you may contact them directly.
, , | phillip.allen@enron.com | patti.sullivan@enron.com |
allen-p/all_documents/589. | subject: Preliminary 2001 Northwest Hydro Outlook
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/12/2001
01:34 PM ---------------------------
TIM HEIZENRADER
01/11/2001 10:17 AM
To: Phillip K Allen/HOU/ECT@ECT, John Zufferli/CAL/ECT@ECT
cc: Cooper Richey/PDX/ECT@ECT
Subject: Preliminary 2001 Northwest Hydro Outlook
Here's our first cut at a full year hydro projection: Please keep
confidential. | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/all_documents/59. | subject: SM134 Proforma.xls
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/17/2000
08:27 AM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 11/17/2000 05:25:35 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>, "Larry Lewter"
<retwell@mail.sanmarcos.net>
cc:
Subject: SM134 Proforma.xls
Enclosed is the cost breakdown for the appraiser. Note that the
construction management fee (CMF) is stated at 12.5% rather than our
standard rate of 10%. This will increase cost and with a loan to cost ratio
of 75%, this will increase the loan amount and reduce required cash equity.
Also, we are quite confident that the direct unit and lot improvement costs
are high. Therefore, we should have some additional room once we have
actual bids, as The Met project next door is reported to have cost $49 psf
without overhead or CMF, which is $54-55 with CMF.
It appears that the cash equity will be $1,784,876. However, I am fairly
sure that we can get this project done with $1.5MM.
I hope to finish the proforma today. The rental rates that we project are
$1250 for the 3 ADA units, $1150-1200 for the 2 bedroom and $1425 for the 3
bedroom. Additional revenues could be generated by building detached
garages, which would rent for $50-75 per month.
- winmail.dat | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/all_documents/590. | subject:
content: Jim,
Here are the key gas contacts.
Work Home Cell
Phillip Allen X37041 713-463-8626 713-410-4679
Mike Grigsby X37031 713-780-1022 713-408-6256
Keith Holst X37069 713-667-5889 713-502-9402
Please call me with any significant developments.
Phillip | phillip.allen@enron.com | james.steffes@enron.com |
allen-p/all_documents/592. | subject: updated lease information
content: Lucy,
The apartments that have new tenants since December 15th are:
1,2,8,12,13,16,20a,20b,25,32,38,39.
Are we running an apartment complex or a motel?
Please update all lease information on the 1/12 rentroll and email it to me
this afternoon.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/all_documents/593. | subject: Re: Wiring instructions
content: Larry,
Do you want the loan and wire amount to be for exactly $1.1 million.
Phillip | phillip.allen@enron.com | llewter@austin.rr.com |
allen-p/all_documents/594. | subject: Re: Analyst PRC
content: Thanks for representing Matt.
Phillip | phillip.allen@enron.com | ben.jacoby@enron.com |
allen-p/all_documents/595. | subject: Re: SM134
content: George,
Here is a spreadsheet that illustrates the payout of investment and builders
profit. Check my math, but it looks like all the builders profit would be
recouped in the first year of operation. At permanent financing $1.1 would
be paid, leaving only .3 to pay out in the 1st year.
Since almost 80% of builders profit is repaid at the same time as the
investment, I feel the 65/35 is a fair split. However, as I mentioned
earlier, I think we should negotiate to layer on additional equity to you as
part of the construction contract.
Just to begin the brainstorming on what a construction agreement might look
like here are a few ideas:
1. Fixed construction profit of $1.4 million. Builder doesn't benefit from
higher cost, rather suffers as an equity holder.
2. +5% equity for meeting time and costs in original plan ($51/sq ft, phase
1 complete in November)
+5% equity for under budget and ahead of schedule
-5% equity for over budget and behind schedule
This way if things go according to plan the final split would be 60/40, but
could be as favorable as 55/45. I realize that what is budget and schedule
must be discussed and agreed upon.
Feel free to call me at home (713)463-8626
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/all_documents/596. | subject:
content: Lucy,
Here is a schedule of the most recent utility bills and the overages. There
are alot of overages. It will probably get worse this month because of all
the cold weather.
You need to be very clear with all new tenants about the electricity cap.
This needs to be handwritten on all new leases.
I am going to fax you copies of the bills that support this spreadsheet. We
also need to write a short letter remind everyone about the cap and the need
to conserve energy if they don't want to exceed their cap. I will write
something today.
Wait until you have copies of the bills and the letter before you start
collecting.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/all_documents/597. | subject:
content: We do not understand our VAR. Can you please get us all the detailed reports
and component VAR reports that you can produce?
The sooner the better.
Phillip | phillip.allen@enron.com | vladimir.gorny@enron.com |
allen-p/all_documents/598. | subject: Re: Needs Assessment Form
content: Ted,
Andrea in the analysts pool asked me to fill out this request. Can you help
expedite this process?
Phillip | phillip.allen@enron.com | tbland@enron.com |
allen-p/all_documents/599. | subject:
content: Frank,
Did you receive the information about the San Marcos apartments. I have left
several messages at your office to follow up. You mentioned that your plate
was fairly full. Are you too busy to look at this project? As I mentioned I
would be interested in speaking to you as an advisor or at least a sounding
board for the key issues.
Please email or call.
Phillip Allen
pallen@enron.com
713-853-7041 | phillip.allen@enron.com | fescofield@1411west.com |
allen-p/all_documents/6. | subject: Report on News Conference
content: Attached is davis.doc, a quick & dirty report from today's news
conference from Gov. Davis, et al.,
The following section of this message contains a file attachment
prepared for transmission using the Internet MIME message format.
If you are using Pegasus Mail, or any another MIME-compliant system,
you should be able to save it or view it from within your mailer.
If you cannot, please ask your system administrator for assistance.
---- File information -----------
File: Davis.doc
Date: 13 Dec 2000, 15:55
Size: 35840 bytes.
Type: MS-Word
- Davis.doc | aod@newsdata.com | western.price.survey.contacts@ren-3.cais.net |
allen-p/all_documents/60. | subject: Re: West Gas 2001 Plan
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/16/2000
02:51 PM ---------------------------
To: Faith Killen/HOU/ECT@ECT
cc:
Subject: Re: West Gas 2001 Plan
Faith,
Regarding the 2001 plan, the members of the west desk are as follows:
Name Title
Trading
Phillip Allen VP
Mike Grigsby Director
Keith Holst Manager(possible Director)
Janie Tholt Director
Steve South Director
Frank Ermis Manager
Tori Kuykendall Manager
Matt Lenhart Analyst(possible associate)
Monique Sanchez Commercial Support Manager
Jay Reitmeyer Senior Specialist
Ina Rangel Assistant (split costs with middle market)
Marketing
Barry Tycholiz Director
Mark Whitt Director
Paul Lucci Manager (possible Director)
2-3 TBD
Do I need to give you the names of our operations group?
Special Pays- I believe Mike Grigsby has a retention payment due this year.
Also we should budget for another $150,000 of special payments.
I know you have been working with Barry T. if his headcount is different on
the Marketing staff use his numbers. Let me know if there is anything else
you need.
Phillip | phillip.allen@enron.com | paula.harris@enron.com |
allen-p/all_documents/600. | subject:
content: Questions about 12/29 rentroll:
There were two deposits that were not labeled. One for $150 and the other
for $75. Which apartments? 20a or #13?
Utility overages for #26 and #44? Where did you get these amounts? For
what periods?
What is going on with #42. Do not evict this tenant for being unclean!!!
That will just create an apartment that we will have to spend a lot of money
and time remodeling. I would rather try and deal with this tenant by first
asking them to clean their apartment and fixing anything that is wrong like
leaky pipes. If that doesn't work, we should tell them we will clean the
apartment and charge them for the labor. Then we will perform monthly
inspections to ensure they are not damaging the property. This tenant has
been here since September 1998, I don't want to run them off.
I check with the bank and I did not see that a deposit was made on Tuesday so
I couldn't check the total from the rentroll against the bank. Is this
right? Has the deposit been made yet?
A rentroll for Jan 5th will follow shortly.
Phillip | phillip.allen@enron.com | gallen@thermon.com |
allen-p/all_documents/601. | subject: Re: Untitled.exe Untitled.exe [22/23]
content: cannot open this file. Please send in different format | phillip.allen@enron.com | llewter@austin.rr.com |
allen-p/all_documents/602. | subject: Re: SM134 Balcones Bank Loan
content: I can't open a winmail.dat file. can you send in a different format | phillip.allen@enron.com | llewter@austin.rr.com |
allen-p/all_documents/603. | subject: New Generation, Nov 30th
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/02/2001
09:34 AM ---------------------------
From: Tim Belden 12/05/2000 06:42 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: New Generation, Nov 30th
---------------------- Forwarded by Tim Belden/HOU/ECT on 12/05/2000 05:44 AM
---------------------------
Kristian J Lande
12/01/2000 03:54 PM
To: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT,
David Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim
Gilbert/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Jeff G
Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed Clark/PDX/ECT@ECT, Saji
John/HOU/ECT@ECT, Michael Etringer/HOU/ECT@ECT
cc: Alan Comnes/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Todd
Perry/PDX/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT
Subject: New Generation, Nov 30th | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/all_documents/604. | subject: Meeting with Governor Davis, need for additional
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/29/2000
10:13 AM ---------------------------
From: Steven J Kean@ENRON on 12/28/2000 09:19 PM CST
To: Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, David
Parquet/SF/ECT@ECT, Marty Sunde/HOU/EES@EES, William S Bradford/HOU/ECT@ECT,
Scott Stoness/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Robert
Badeer/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Richard
Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON,
Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON
cc:
Subject: Meeting with Governor Davis, need for additional comments/suggestions
We met with Gov Davis on Thursday evening in LA. In attendance were Ken Lay,
the Governor, the Governor's staff director (Kari Dohn) and myself. The gov.
spent over an hour and a half with us covering our suggestions and his
ideas. He would like some additional thoughts from us by Tuesday of next
week as he prepares his state of the state address for the following Monday.
Attached to the end of this memo is a list of solutions we proposed (based on
my discussions with several of you) as well as some background materials Jeff
Dasovich and I prepared. Below are my notes from the meeting regarding our
proposals, the governor's ideas, as well as my overview of the situation
based on the governor's comments:
Overview: We made great progress in both ensuring that he understands that
we are different from the generators and in opening a channel for ongoing
communication with his administration. The gov does not want the utilities to
go bankrupt and seems predisposed to both rate relief (more modest than what
the utilities are looking for) and credit guarantees. His staff has more
work to do on the latter, but he was clearly intrigued with the idea. He
talked mainly in terms of raising rates but not uncapping them at the retail
level. He also wants to use what generation he has control over for the
benefit of California consumers, including utility-owned generation (which he
would dedicate to consumers on a cost-plus basis) and excess muni power
(which he estimates at 3000MW). He foresees a mix of market oriented
solutions as well as interventionist solutions which will allow him to fix
the problem by '02 and provide some political cover.
Our proposals: I have attached the outline we put in front of him (it also
included the forward price information several of you provided). He seemed
interested in 1) the buy down of significant demand, 2) the state setting a
goal of x000 MW of new generation by a date certain, 3) getting the utilities
to gradually buy more power forward and 4) setting up a group of rate
analysts and other "nonadvocates" to develop solutions to a number of issues
including designing the portfolio and forward purchase terms for utilities.
He was also quite interested in examining the incentives surrounding LDC gas
purchases. As already mentioned, he was also favorably disposed to finding
some state sponsored credit support for the utilities.
His ideas: The gov read from a list of ideas some of which were obviously
under serious consideration and some of which were mere "brainstorming".
Some of these ideas would require legislative action.
State may build (or make build/transfer arrangements) a "couple" of
generation plants. The gov feels strongly that he has to show consumers that
they are getting something in return for bearing some rate increases. This
was a frequently recurring theme.
Utilities would sell the output from generation they still own on a cost-plus
basis to consumers.
Municipal utilties would be required to sell their excess generation in
California.
State universities (including UC/CSU and the community colleges) would more
widely deploy distributed generation.
Expand in-state gas production.
Take state lands gas royalties in kind.
negotiate directly with tribes and state governments in the west for
addtional gas supplies.
Empower an existing state agency to approve/coordinate power plant
maintenance schedules to avoid having too much generation out of service at
any one time.
Condition emissions offsets on commitments to sell power longer term in state.
Either eliminate the ISO or sharply curtail its function -- he wants to hear
more about how Nordpool works(Jeff- someone in Schroeder's group should be
able to help out here).
Wants to condition new generation on a commitment to sell in state. We made
some headway with the idea that he could instead require utilities to buy
some portion of their forward requirements from new in-state generation
thereby accomplishing the same thing without using a command and control
approach with generators.
Securitize uncollected power purchase costs.
To dos: (Jeff, again I'd like to prevail on you to assemble the group's
thoughts and get them to Kari)
He wants to see 5 year fixed power prices for peak/ off-peak and baseload --
not just the 5 one year strips.
He wants comments on his proposals by Tuesday.
He would like thoughts on how to pitch what consumers are getting out of the
deal.
He wants to assemble a group of energy gurus to help sort through some of the
forward contracting issues.
Thanks to everyone for their help. We made some progress today. | phillip.allen@enron.com | mike.grigsby@enron.com, jane.tholt@enron.com, frank.ermis@enron.com, |
allen-p/all_documents/605. | subject:
content: Trading Profits
P. Allen 200
M. Grigsby 463
Rest of Desk 282
Total 945
I view my bonus as partly attributable to my own trading and partly to the
group's performance. Here are my thoughts.
Minimum Market Maximum
Cash 2 MM 4 MM 6 MM
Equity 2 MM 4 MM 6 MM
Here are Mike's numbers. I have not made any adjustments to them.
Minimum Market Maximum
Cash 2 MM 3 MM 4 MM
Equity 4 MM 7 MM 12 MM
I have given him an "expectations" speech, but you might do the same at some
point.
Phillip | phillip.allen@enron.com | john.lavorato@enron.com |
allen-p/all_documents/606. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/28/2000
09:50 AM ---------------------------
Hunter S Shively
12/28/2000 07:15 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject:
Larry,
I was able to scan my 98 & 99 tax returns into Adobe. Here they are plus the
excel file is a net worth statement. If you have any trouble downloading or
printing these files let me know and I can fax them to you. Let's talk
later today.
Phillip
P.S. Please remember to get Jim Murnan the info. he needs. | phillip.allen@enron.com | llewter@austin.rr.com |
allen-p/all_documents/607. | subject:
content: Gentlemen,
I continue to speak to an attorney for help with the investment structure
and a mortgage broker for help with the financing. Regarding the financing,
I am working with Jim Murnan at Pinnacle Mortgage here in Houston. I have
sent him some information on the project, but he needs financial information
on you. Can you please send it to him. His contact information is: phone
(713)781-5810, fax (713)781-6614, and email jim123@pdq.net.
I know Larry has been working with a bank and they need my information. I
hope to pull that together this afternoon.
I took the liberty of calling Thomas Reames from the Frog Pond document. He
was positive about his experience overall. He did not seem pleased with the
bookkeeping or information flow to the investor. I think we should discuss
these procedures in advance.
Let's continue to speak or email frequently as new developments occur.
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com, llewter@austin.rr.com |
allen-p/all_documents/608. | subject:
content: Jim,
I would appreciate your help in locating financing for the project I
described to you last week. The project is a 134 unit apartment complex in
San Marcos. There will be a builder/developer plus myself and possibly a
couple of other investors involved. As I mentioned last week, I would like
to find interim financing (land, construction, semi-perm) that does not
require the investors to personally guarantee. If there is a creative way to
structure the deal, I would like to hear your suggestions. One idea that has
been mentioned is to obtain a "forward commitment" in order to reduce the
equity required. I would also appreciate hearing from you how deals of this
nature are normally financed. Specifically, the transition from interim to
permanent financing. I could use a quick lesson in what numbers will be
important to banks.
I am faxing you a project summary. And I will have the builder/developer
email or fax his financial statement to you.
Let me know what else you need. The land is scheduled to close mid January.
Phillip Allen | phillip.allen@enron.com | jim123@pdq.net |
allen-p/all_documents/609. | subject:
content: Jeff,
Everything should be done for closing on the Leander deal on the 29th. I
have fed ex'd the closing statements and set up a wire transfer to go out
tomorrow. When will more money be required? Escrow for roads? Utility
connections? Other rezoning costs?
What about property taxes? The burnet land lost its ag exemption while I
owned it. Are there steps we can take to hold on to the exemption on this
property? Can you explain the risks and likelihood of any rollback taxes
once the property is rezoned? Do we need to find a farmer and give him
grazing rights?
What are the important dates coming up and general status of rezoning and
annexing? I am worried about the whole country slipping into a recession and
American Multifamily walking on this deal. So I just want to make sure we
are pushing the process as fast as we can.
Phillip | phillip.allen@enron.com | jsmith@austintx.com |
allen-p/all_documents/61. | subject: Re: West Gas 2001 Plan
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/16/2000
02:50 PM ---------------------------
To: Faith Killen/HOU/ECT@ECT
cc:
Subject: Re: West Gas 2001 Plan
Faith,
Regarding the 2001 plan, the members of the west desk are as follows:
Name Title
Trading
Phillip Allen VP
Mike Grigsby Director
Keith Holst Manager(possible Director)
Janie Tholt Director
Steve South Director
Frank Ermis Manager
Tori Kuykendall Manager
Matt Lenhart Analyst(possible associate)
Monique Sanchez Commercial Support Manager
Jay Reitmeyer Senior Specialist
Ina Rangel Assistant (split costs with middle market)
Marketing
Barry Tycholiz Director
Mark Whitt Director
Paul Lucci Manager (possible Director)
2-3 TBD
Do I need to give you the names of our operations group?
Special Pays- I believe Mike Grigsby has a retention payment due this year.
Also we should budget for another $150,000 of special payments.
I know you have been working with Barry T. if his headcount is different on
the Marketing staff use his numbers. Let me know if there is anything else
you need.
Phillip | phillip.allen@enron.com | paula.harris@enron.com |
allen-p/all_documents/610. | subject:
content: Steve,
I am sending you a variety of charts with prices and operational detail. If
you need to call with questions my home number is 713-463-8626.
As far as recommendations, here is a short list:
1. Examine LDC's incentive rate program. Current methodology rewards sales
above monthly index without enough consideration of future
replacement cost. The result is that the LDC's sell gas that should be
injected into storage when daily prices run above the monthly index.
This creates a shortage in later months.
2. California has the storage capacity and pipeline capacity to meet
demand. Investigate why it wasn't maximized operationally.
Specific questions should include:
1. Why in March '00-May '00 weren't total system receipts higher in order
to fill storage?
2. Why are there so many examples of OFO's on weekends that push away too
much gas from Socal's system.
I believe Socal gas does an extremely poor job of forecasting their
own demand. They repeatedly estimated they would receive more gas than
their injection capablity, but injected far less.
3. Similar to the power market, there is too much benchmarking to short
term prices. Not enough forward hedging is done by the major
LDCs. By design the customers are short at a floating
rate. This market has been long historically. It has been a buyers market
and the
consumer has benefitted.
Call me if you need any more input.
Phillip | phillip.allen@enron.com | steven.kean@enron.com |
allen-p/all_documents/611. | subject: Re: Global Ids
content: Monique Sanchez
Jay Reitmeyer
Randy Gay
Matt Lenhart | phillip.allen@enron.com | jason.moore@enron.com |
allen-p/all_documents/612. | subject:
content: John,
Here is our North of Stanfield forecast for Jan.
Supply Jan '01 Dec '00 Jan '00
Sumas 900 910 815
Jackson Pr. 125 33 223
Roosevelt 300 298 333
Total Supply 1325 1241 1371
Demand
North of Chehalis 675 665 665
South of Chehalis 650 575 706
Total Demand 1325 1240 1371
Roosevelt capacity is 495.
Let me know how your forecast differs.
Phillip | phillip.allen@enron.com | jonathan.mckay@enron.com |
allen-p/all_documents/613. | subject: Re: Global Ids
content: Please assign global id's to the four junior traders listed on Dawn's
original email. The are all trading and need to have unique id's.
Thank you | phillip.allen@enron.com | dawn.kenne@enron.com |
allen-p/all_documents/614. | subject: RE: access
content: Received the fax. Thank you. I might have to sell the QQQ and take the loss
for taxes. But I would roll right into a basket of individual technology
stocks. I think I mentioned this to you previously that I have decided to
use this account for the kids college. | phillip.allen@enron.com | mac.d.hargrove@rssmb.com |
allen-p/all_documents/615. | subject: RE: access
content: Fax number 713-646-2391 | phillip.allen@enron.com | mac.d.hargrove@rssmb.com |
allen-p/all_documents/616. | subject: Re: Your Approval is Overdue: Access Request for
content: PLEASE APPROVE HIM FOR THIS. PHILLIP WILL NOT BE ABLE TO GET INTO HIS EMAIL
SYSTEM TO DO THIS.
IF YOU HAVE ANY QUESTIONS, OR PROBLEMS, PLEASE CALL ME AT X3-7257.
THANK YOU.
INA.
IF THIS IS A PROBLEM TO DO IT THIS WAY PLEASE CALL ME AND I WILL WALK PHILLIP
THROUGH THE STEPS TO APPROVE. IF YOU CALL HIM, HE WILL DIRECT IT TO ME
ANYWAY.
ARSystem@mailman.enron.com on 12/18/2000 07:07:04 PM
To: phillip.k.allen@enron.com
cc:
Subject: Your Approval is Overdue: Access Request for barry.tycholiz@enron.com
This request has been pending your approval for 5 days. Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000009659&Page=
Approval to review and act upon this request.
Request ID : 000000000009659
Request Create Date : 12/8/00 8:23:47 AM
Requested For : barry.tycholiz@enron.com
Resource Name : VPN
Resource Type : Applications | ina.rangel@enron.com | arsystem@mailman.enron.com |
allen-p/all_documents/617. | subject: Re: SM134 Proforma.xls
content: George & Larry,
If possible, I would like to get together in Columbus as Larry suggested.
Thursday afternoon is the only day that really works for me.
Let me know if that would work for you. I was thinking around 2 or 2:30 pm.
I will try to email you any questions I have from the latest proforma
tomorrow.
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com, llewter@austin.rr.com |
allen-p/all_documents/618. | subject:
content: Jeff,
Hear is a new NOI file. I have added an operating statement for 1999
(partial year).
I will try to email you some photos soon.
Phillip | phillip.allen@enron.com | jsmith@austintx.com |
allen-p/all_documents/619. | subject:
content: Jeff,
The files attached contain a current rentroll, 2000 operating statement, and
a proforma operating statement. | phillip.allen@enron.com | jsmith@austintx.com |
allen-p/all_documents/62. | subject: Re: San Marcos Study
content: George,
The other files opened fine, but I can't open winmail.dat files. Can you
resend this one in a pdf format.?
Thanks,
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/all_documents/620. | subject: Re:
content: Yes. Trading reports to Whalley. He is Lavorato's boss. | phillip.allen@enron.com | stouchstone@natsource.com |
allen-p/all_documents/621. | subject: Re: Call saturday
content: Larry,
10 AM tomorrow is good for me. If you want to email me anything tonight,
please use pallen70@hotmail.com.
Phillip | phillip.allen@enron.com | llewter@palm.net |
allen-p/all_documents/622. | subject:
content: Lucy,
I want to get the lease data and tenant data updated.
The critical information is 1. Move in or lease start date
2. Lease expiration date
3. Rent
4. Deposit
If you have the info you can
fill in these items 1. Number of occupants
2. Workplace
All the new leases should be the long form.
The apartments that have new tenants since these columns have been updated
back in October are #3,5,9,11,12,17,21,22,23,25,28,33,38.
I really need to get this by tomorrow. Please use the rentroll_1215 file to
input the correct information on all these tenants. And email it to me
tomorrow. You should have all this information on their leases and
applications.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/all_documents/623. | subject:
content: Lucy,
Here is a new file for 12/15.
For the rentroll for 12/08 here are my questions:
#23 & #24 did not pay. Just late or moving?
#25 & #33 Both paid 130 on 12/01 and $0 on 12/08. What is the deal?
#11 Looks like she is caught up. When is she due again?
Please email the answers.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/all_documents/624. | subject: Re:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/14/2000
11:15 AM ---------------------------
Enron North America Corp.
From: Rebecca W Cantrell 12/13/2000 02:01 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re:
Phillip -- Is the value axis on Sheet 2 of the "socalprices" spread sheet
supposed to be in $? If so, are they the right values (millions?) and where
did they come from? I can't relate them to the Sheet 1 spread sheet.
As I told Mike, we will file this out-of-time tomorrow as a supplement to our
comments today along with a cover letter. We have to fully understand the
charts and how they are constructed, and we ran out of time today. It's much
better to file an out-of-time supplement to timely comments than to file the
whole thing late, particuarly since this is apparently on such a fast track.
Thanks.
From: Phillip K Allen 12/13/2000 03:04 PM
To: Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT,
pallen@enron.com, pkaufma@enron.com, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@ENRON, Stephanie Miller/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT
cc:
Subject:
Attached are two files that illustrate the following:
As prices rose, supply increased and demand decreased. Now prices are
beginning to fall in response these market responses. | phillip.allen@enron.com | jay.reitmeyer@enron.com |
allen-p/all_documents/625. | subject: Re:
content: Yes you can use this chart. Does it make sense? | phillip.allen@enron.com | paul.kaufman@enron.com |
allen-p/all_documents/626. | subject: Final FIled Version
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/14/2000
10:06 AM ---------------------------
From: Sarah Novosel@ENRON on 12/13/2000 04:39 PM CST
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Donna
Fulton/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON
cc:
Subject: Final FIled Version
----- Forwarded by Sarah Novosel/Corp/Enron on 12/13/2000 05:35 PM -----
"Randall Rich" <rrich@bracepatt.com>
12/13/2000 05:13 PM
To: "Jeffrey Watkiss" <dwatkiss@bracepatt.com>, <jhartso@enron.com>,
<jsteffe@enron.com>, <llawner@enron.com>, <rebecca.w.cantrell@enron.com>,
<Richard.b.sanders@enron.com>, <snovose@enron.com>
cc:
Subject: Final FIled Version
The filed version of the comments in the San Diego Gas & Electric matter at
FERC is attached.
- SANDIEGO.DOC | phillip.allen@enron.com | mike.grigsby@enron.com, keith.holst@enron.com |
allen-p/all_documents/63. | subject: Investors Alliance MF Survey for San Marcos
content: - Inv Alliance MF Survey of SMarcos.pdf | cbpres@austin.rr.com | pallen@enron.com |
allen-p/all_documents/64. | subject:
content: Phillip, How are you today I am very busy but I have to let you know that #37
I.Knockum is pd up untill 11/17/00 because on 10/26/00 she pd 250.00 so i
counted and tat pays her up untill 10/26/ or did i count wrong?
Lucy says:
she pays 125.00 a week but she'sgoing on vacation so thjat is why she pd more
Lucy says:
I have all the deposit ready but she isn't due on this roll I just wanted to
tell you because you might think she didn't pay or something
Lucy says:
the amnt is:4678.00 I rented #23 aand #31 may be gone tonight I have been
putting in some overtime trying to rent something out i didnt leave last
night untill 7:00 and i have to wait for someone tonight that works late.
phillip says:
send me the rentroll when you can
phillip says:
Did I tell you that I am going to try and be there this Fri & Sat
Lucy says:
no you didn't tell me that you were going to be here but wade told me this
morning I sent you the roll did you get it? Did you need me here this weekend
because I have a sweet,sixteen I'm getting ready for and if you need me here
Sat,then I will get alot done before then.
phillip says:
We can talk on Friday
Lucy says:
okay see ya later bye.
Lucy says:
I sent you the roll did you get it ?
phillip says:
yes thank you
The following message could not be delivered to all recipients:
yes thank you | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/all_documents/65. | subject: New Employee on 32
content: Ina,
Where can we put Barry T.?
Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/14/2000
02:32 PM ---------------------------
Barry Tycholiz
11/13/2000 08:06 AM
To: Ina Rangel/HOU/ECT@ECT
cc: Phillip K Allen/HOU/ECT@ECT
Subject: New Employee on 32
I will be relocating to 32 effective Dec. 4. Can you have me set up with all
the required equipment including, PC ( 2 Flat screens), Telephone, and cell
phone. Talk to Phillip regarding where to set my seat up for right now.
Thanks in advance. .
Barry
If there are any questions... Give me a call. ( 403-) 245-3340. | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/all_documents/66. | subject: Re: Resumes
content: George,
Just a note to check in. Are there any new developments?
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/all_documents/67. | subject: Re: West Gas 2001 Plan
content: Faith,
Regarding the 2001 plan, the members of the west desk are as follows:
Name Title
Trading
Phillip Allen VP
Mike Grigsby Director
Keith Holst Manager(possible Director)
Janie Tholt Director
Steve South Director
Frank Ermis Manager
Tori Kuykendall Manager
Matt Lenhart Analyst(possible associate)
Monique Sanchez Commercial Support Manager
Jay Reitmeyer Senior Specialist
Ina Rangel Assistant (split costs with middle market)
Marketing
Barry Tycholiz Director
Mark Whitt Director
Paul Lucci Manager (possible Director)
2-3 TBD
Do I need to give you the names of our operations group?
Special Pays- I believe Mike Grigsby has a retention payment due this year.
Also we should budget for another $150,000 of special payments.
I know you have been working with Barry T. if his headcount is different on
the Marketing staff use his numbers. Let me know if there is anything else
you need.
Phillip | phillip.allen@enron.com | faith.killen@enron.com |
allen-p/all_documents/68. | subject: ALLEN DURANGO HOTEL ------- 48 HR CANCEL
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/03/2000
03:45 PM ---------------------------
Ina Rangel
11/03/2000 11:53 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: ALLEN DURANGO HOTEL ------- 48 HR CANCEL
Phillip,
Here is your hotel itinerary for Monday night.
-Ina
---------------------- Forwarded by Ina Rangel/HOU/ECT on 11/03/2000 01:53 PM
---------------------------
SHERRI SORRELS <ssorrels_vitoltvl@yahoo.com> on 11/03/2000 01:52:21 PM
To: INA.RANGEL@ENRON.COM
cc:
Subject: ALLEN DURANGO HOTEL ------- 48 HR CANCEL
SALES AGT: JS/ZBATUD
ALLEN/PHILLIP
ENRON
1400 SMITH
HOUSTON TX 77002
INA RANGEL X37257
DATE: NOV 03 2000 ENRON
HOTEL 06NOV DOUBLETREE DURANGO
07NOV 501 CAMINO DEL RIO
DURANGO, CO 81301
TELEPHONE: (970) 259-6580
CONFIRMATION: 85110885
REFERENCE: D1KRAC
RATE: RAC USD 89.00 PER NIGHT
GHT
ADDITIONAL CHARGES MAY APPLY
INVOICE TOTAL 0
THANK YOU
***********************************************
**48 HR CANCELLATION REQUIRED**
THANK YOU FOR CALLING VITOL TRAVEL
__________________________________________________
Do You Yahoo!?
From homework help to love advice, Yahoo! Experts has your answer.
http://experts.yahoo.com/ | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/all_documents/69. | subject: New Generation as of Oct 24th
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/03/2000
01:40 PM ---------------------------
Kristian J Lande
11/03/2000 08:36 AM
To: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT,
David Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim
Gilbert/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Jeff G
Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed Clark/PDX/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Paul Choi/SF/ECT@ECT, John
Malowney/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT
Subject: New Generation as of Oct 24th
As noted in my last e-mail, the Ray Nixon expansion project in Colorado had
the incorrect start date. My last report showed an online date of May 2001;
the actual anticipated online date is May 2003.
The following list ranks the quality and quantity of information that I have
access to in the WSCC:
1) CA - siting office, plant contacts
2) PNW - siting offices, plant contacts
3) DSW - plant contacts, 1 siting office for Maricopa County Arizona.
4) Colorado - Integrated Resource Plan
If anyone has additional information regarding new generation in the Desert
Southwest or Colorado, such as plant phone numbers or contacts, I would
greatly appreciate receiving this contact information. | phillip.allen@enron.com | mike.grigsby@enron.com, keith.holst@enron.com, frank.ermis@enron.com |
allen-p/all_documents/7. | subject: Final FIled Version
content: ----- Forwarded by Sarah Novosel/Corp/Enron on 12/13/2000 05:35 PM -----
"Randall Rich" <rrich@bracepatt.com>
12/13/2000 05:13 PM
To: "Jeffrey Watkiss" <dwatkiss@bracepatt.com>, <jhartso@enron.com>,
<jsteffe@enron.com>, <llawner@enron.com>, <rebecca.w.cantrell@enron.com>,
<Richard.b.sanders@enron.com>, <snovose@enron.com>
cc:
Subject: Final FIled Version
The filed version of the comments in the San Diego Gas & Electric matter at
FERC is attached.
- SANDIEGO.DOC | sarah.novosel@enron.com | steven.kean@enron.com, richard.shapiro@enron.com, james.steffes@enron.com, |
allen-p/all_documents/70. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/02/2000
04:12 PM ---------------------------
"phillip allen" <pallen70@hotmail.com> on 11/02/2000 12:58:03 PM
To: pallen@enron.com
cc:
Subject:
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
Share information about yourself, create your own public profile at
http://profiles.msn.com.
- rentroll_1027.xls
- rentroll_1103.xls | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/all_documents/71. | subject: Re: Resumes
content: George,
Your attachment is not opening on my computer. Can you put the info in
Word instead?
Thanks,
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/all_documents/72. | subject: Resumes
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/02/2000
10:36 AM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 11/02/2000 07:17:16 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc:
Subject: Resumes
Please excuse the delay in getting these resumes to you. Larry did not have
his prepared and then I forgot to send them. I'll try to get a status
report to you latter today.
- winmail.dat | phillip.allen@enron.com | colin.tonks@enron.com |
allen-p/all_documents/73. | subject: Re: Inquiry....
content: Put me down as a reviewer | phillip.allen@enron.com | dawn.kenne@enron.com |
allen-p/all_documents/74. | subject: Re: Inquiry....
content: can you fill it in yourself? I will sign it. | phillip.allen@enron.com | dawn.kenne@enron.com |
allen-p/all_documents/75. | subject: Generation
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/01/2000
11:33 AM ---------------------------
Jeff Richter
10/20/2000 02:16 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Generation
http://westpower.enron.com/ca/generation/default.asp | phillip.allen@enron.com | matthew.lenhart@enron.com |
allen-p/all_documents/756. | subject: Re: Carlsbad/El Paso: Aug 23 Update: Press Conference scheduled on
content: Scott,
Thanks for the email. I have two questions:
1. The | phillip.allen@enron.com | scott.tholan@enron.com |
allen-p/all_documents/758. | subject: Re: You Game?
content: raincheck? | phillip.allen@enron.com | chad.landry@enron.com |
allen-p/all_documents/76. | subject: Re: Approval for Plasma Screens
content: Bob,
Activate Plan B. No money from John.
Wish I had better news.
Phillip | phillip.allen@enron.com | bob.schorr@enron.com |
allen-p/all_documents/77. | subject:
content: Dave,
The back office is having a hard time dealing with the $11 million dollars
that is to be recognized as transport expense by the west desk then recouped
from the Office of the Chairman. Is your understanding that the West desk
will receive origination each month based on the schedule below.
The Office of the Chairman agrees to grant origination to the Denver desk as
follows:
October 2000 $1,395,000
November 2000 $1,350,000
December 2000 $1,395,000
January 2001 $ 669,600
February 2001 $ 604,800
March 2001 $ 669,600
April 2001 $ 648,000
May 2001 $ 669,600
June 2001 $ 648,000
July 2001 $ 669,600
August 2001 $ 669,600
September 2001 $ 648,000
October 2001 $ 669,600
November 2001 $ 648,000
December 2001 $ 669,600
This schedule represents a demand charge payable to NBP Energy Pipelines by
the Denver desk. The demand charge is $.18/MMBtu on 250,000 MMBtu/Day
(Oct-00 thru Dec-00) and 120,000 MMBtu/Day (Jan-01 thru Dec-01). The ENA
Office of the Chairman has agreed to reimburse the west desk for this expense.
Let me know if you disagree.
Phillip | phillip.allen@enron.com | david.delainey@enron.com |
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