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allen-p/discussion_threads/105. | subject:
content: Open the "utility" spreadsheet and try to complete the analysis of whether it
is better to be a small commercial or a medium commercial (LP-1).
You will need to get the usage for that meter for the last 12 months. If we
have one year of data, we can tell which will be cheaper. Use the rates
described in the spreadsheet. This is a great chance for you to practice
excel. | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/discussion_threads/106. | subject:
content: Lucy,
Please open this excel file and input the rents and names due for this week.
Then email the file back. | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/discussion_threads/107. | subject:
content: Lucy,
The rent roll spreadsheet is starting to look better. See if you can add
these modifications:
1. Use a formula in column E. Add the value in column C to column D. It
should read =c6+d6. Then copy this formula to the rows below.
2. Column H needs a formula. Subtract amount paid from amount owed.
=e6-g6.
3. Column F is filled with the #### sign. this is because the column width
is too narrow. Use you mouse to click on the line beside the
letter F. Hold the left mouse button down and drag the column wider.
4. After we get the rent part fixed, lets bring the database columns up to
this sheet and place them to the right in columns J and beyond.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/discussion_threads/108. | subject:
content: Brad,
With regard to Tori Kuykendall, I would like to promote her to commercial
manager instead of converting her from a commercial support manager to an
associate. Her duties since the beginning of the year have been those of a
commercial manager. I have no doubt that she will compare favorably to
others in that category at year end.
Martin Cuilla on the central desk is in a similiar situation as Tori.
Hunter would like Martin handled the same as Tori.
Let me know if there are any issues.
Phillip | phillip.allen@enron.com | brad.mcsherry@enron.com |
allen-p/discussion_threads/109. | subject:
content: Mark,
Attached is a spreadsheet that lists the end of day midmarkets for socal
basis and socal/san juan spreads. I listed the days during bidweek that
reflected financial trading for Socal Index and the actual gas daily prints
before and after bidweek.
The following observations can be made:
July 1. The basis market anticipated a Socal/San Juan spread of .81 vs
actual of .79
2. Perceived index was 4.95 vs actual of 4.91
3. Socal Gas Daily Swaps are trading at a significant premium.
Aug. 1. The basis market anticipated a Socal/San Juan spread of 1.04 vs
actual of .99
2. Perceived index was 4.54 vs actual of 4.49
3. Gas daily spreads were much wider before and after bidweek than the
monthly postings
4. Socal Gas Daily Swaps are trading at a significant premium.
Enron Online will allow you to monitor the value of financial swaps against
the index, as well as, spreads to other locations. Please call with any
questions.
Phillip | phillip.allen@enron.com | mark@intelligencepress.com |
allen-p/discussion_threads/11. | subject:
content: Tara,
Please make the following changes:
FT-West -change master user from Phillip Allen to Keith Holst
IM-West-Change master user from Bob Shiring to Phillip Allen
Mock both existing profiles.
Please make these changes on 1/17/00 at noon.
Thank you
Phillip | phillip.allen@enron.com | tara.sweitzer@enron.com |
allen-p/discussion_threads/110. | subject:
content: Mark,
The following is a guest password that will allow you temporary view only
access to EnronOnline. Please note, the user ID and password are CASE
SENSITIVE.
Guest User ID: GNA45925
Guest Password: YJ53KU42
Log in to www.enrononline.com and install shockwave using instructions
below. I have set up a composite page with western basis and cash prices to
help you filter through the products. The title of the composite page is
Mark's Page. If you have any problems logging in you can call me at
(713)853-7041 or Kathy Moore, EnronOnline HelpDesk, 713/853-HELP (4357).
The Shockwave installer can be found within "About EnronOnline" on the home
page. After opening "About EnronOnline", using right scroll bar, go to the
bottom. Click on "download Shockwave" and follow the directions. After
loading Shockwave, shut down and reopen browser (i.e. Microsoft Internet
Explorer/Netscape).
I hope you will find this site useful.
Sincerely,
Phillip Allen | phillip.allen@enron.com | mark@intelligencepress.com |
allen-p/discussion_threads/111. | subject: New Generation
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/28/2000
01:39 PM ---------------------------
Kristian J Lande
08/24/2000 03:56 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
cc: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
Subject: New Generation
Sorry,
Report as of August 24, 2000 | phillip.allen@enron.com | matthew.lenhart@enron.com, mike.grigsby@enron.com, keith.holst@enron.com, |
allen-p/discussion_threads/112. | subject:
content: Brenda
Can you send me your address in College Station.
Phillip | phillip.allen@enron.com | bs_stone@yahoo.com |
allen-p/discussion_threads/113. | subject:
content: Mark,
Were you able to log in to enron online and find socal today?
I will follow up with a list of our physical deals done yesterday and today.
Phillip | phillip.allen@enron.com | mark@intelligencepress.com |
allen-p/discussion_threads/114. | subject:
content: Mark,
Here is a spreadsheet detailing our September Socal trades. (I did not
distinguish between buys vs. sells.)
Phillip | phillip.allen@enron.com | mark@intelligencepress.com |
allen-p/discussion_threads/115. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/31/2000
10:17 AM ---------------------------
From: Phillip K Allen 08/29/2000 02:20 PM
To: mark@intelligencepress.com
cc:
Subject:
Mark,
Here is a spreadsheet detailing our September Socal trades. (I did not
distinguish between buys vs. sells.)
Phillip | phillip.allen@enron.com | kolinge@enron.com |
allen-p/discussion_threads/116. | subject:
content: John Lavorato-M
Mike Grigsby-D
Keith Holst-D
Frank Ermis-D
Steve South-D
Janie Tholt-D
Scott Neal-P
Hunter Shively-P
Tom Martin-P
John Arnold-P | phillip.allen@enron.com | debe@fsddatasvc.com |
allen-p/discussion_threads/117. | subject: Receipt of Team Selection Form - Executive Impact & Influence
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/31/2000
01:13 PM ---------------------------
"Christi Smith" <christi.smith@lrinet.com> on 08/31/2000 10:32:49 AM
Please respond to <christi.smith@lrinet.com>
To: <Phillip.K.Allen@enron.com>
cc: "Debbie Nowak (E-mail)" <dnowak@enron.com>, "Deborah Evans (E-mail)"
<debe@fsddatasvc.com>
Subject: Receipt of Team Selection Form - Executive Impact & Influence Program
Hi Phillip. We appreciate your prompt attention and completing the Team
Selection information.
Ideally, we needed to receive your team of raters on the Team Selection form
we sent you. The information needed is then easily transferred into the
database directly from that Excel spreadsheet. If you do not have the
ability to complete that form, inserting what you listed below, we still
require additional information.
We need each person's email address. Without the email address, we cannot
email them their internet link and ID to provide feedback for you, nor can
we send them an automatic reminder via email. It would also be good to have
each person's phone number, in the event we need to reach them.
So, we do need to receive that complete TS Excel spreadsheet, or if you need
to instead, provide the needed information via email.
Thank you for your assistance Phillip.
Christi L. Smith
Project Manager for Client Services
Keilty, Goldsmith & Company
858/450-2554
-----Original Message-----
From: Phillip K Allen [mailto:Phillip.K.Allen@enron.com]
Sent: Thursday, August 31, 2000 12:03 PM
To: debe@fsddatasvc.com
Subject:
John Lavorato-M
Mike Grigsby-D
Keith Holst-D
Frank Ermis-D
Steve South-D
Janie Tholt-D
Scott Neal-P
Hunter Shively-P
Tom Martin-P
John Arnold-P | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/118. | subject:
content: Cooper,
Can you give access to the new west power site to Jay Reitmeyer. He is an
analyst in our group.
Phillip | phillip.allen@enron.com | cooper.richey@enron.com |
allen-p/discussion_threads/119. | subject: FYI
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/01/2000
01:07 PM ---------------------------
Enron North America Corp.
From: Matt Motley 09/01/2000 08:53 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: FYI
--
- Ray Niles on Price Caps.pdf | phillip.allen@enron.com | mike.grigsby@enron.com, frank.ermis@enron.com |
allen-p/discussion_threads/12. | subject: RE: Choosing a style
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/18/2000
06:03 PM ---------------------------
enorman@living.com on 01/18/2000 02:44:50 PM
To: Phillip K Allen/HOU/ECT@ECT
cc: ben@living.com, enorman@living.com, stephanie@living.com
Subject: RE: Choosing a style
Re. Your living.com inquiry
Thank you for your inquiry. Please create an account, so we can
assist you more effectively in the future. Go to:
http://www.living.com/util/login.jhtml
I have selected a few pieces that might work for you. To view, simply click
on the following URLs. I hope these are helpful!
Area Rugs:
http://www.living.com/shopping/item/item.jhtml?productId=LC-ISPE-NJ600%282X3
%29
http://www.living.com/shopping/item/item.jhtml?productId=LC-CCON-300-7039%28
2X3%29
http://www.living.com/shopping/item/item.jhtml?productId=LC-MERI-LANDNEEDLE%
284X6%29
http://www.living.com/shopping/item/item.jhtml?productId=LC-PAND-5921092%289
.5X13.5%29
Sofas:
http://www.living.com/shopping/item/item.jhtml?productId=LC-SFUP-3923A
http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-583-SLP
http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-359-SLP
http://www.living.com/shopping/item/item.jhtml?productId=LC-JJHY-200-104S
Chairs:
http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-566INC
http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-711RCL
http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-686
http://www.living.com/shopping/item/item.jhtml?productId=LC-SWOO-461-37
Occasional Tables:
http://www.living.com/shopping/item/item.jhtml?productId=LC-MAGP-31921
http://www.living.com/shopping/item/item.jhtml?productId=LC-PULA-623102
http://www.living.com/shopping/item/item.jhtml?productId=LC-CASR-01CEN906-E
http://www.living.com/shopping/item/item.jhtml?productId=LC-CASR-02CEN001
Dining Set:
http://www.living.com/shopping/item/item.jhtml?productId=LC-VILA-COMP-001
http://www.living.com/shopping/item/item.jhtml?productId=LC-SITC-FH402C-HHR
http://www.living.com/shopping/item/item.jhtml?productId=LC-COCH-24-854
Best Regards,
Erika
designadvice@living.com
P.S. Check out our January Clearance
http://living.com/sales/january_clearance.jhtml
and our Valentine's Day Gifts
http://living.com/shopping/list/list.jhtml?type=2011&sale=valentines
-----Original Message-----
From: pallen@enron.com [mailto:pallen@enron.com]
Sent: Monday, January 17, 2000 5:20 PM
To: designadvice@living.com
Subject: Choosing a style
I am planning to build a house in the Texas hillcountry. The exterior will
be a farmhouse style with porches on front and back. I am considering the
following features: stained and scored concrete floors, an open
living/dining/kitchen concept, lots of windows, a home office, 4 bedrooms
all upstairs. I want a very relaxed and comfortable style, but not exactly
country. Can you help?
==========================================
Additional user info:
ID = 3052970
email = pallen@enron.com
FirstName = phillip
LastName = allen | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/120. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/05/2000
01:29 PM ---------------------------
From: Phillip K Allen 08/29/2000 02:20 PM
To: mark@intelligencepress.com
cc:
Subject:
Mark,
Here is a spreadsheet detailing our September Socal trades. (I did not
distinguish between buys vs. sells.)
Phillip | phillip.allen@enron.com | dexter@intelligencepress.com |
allen-p/discussion_threads/121. | subject: RE: Receipt of Team Selection Form - Executive Impact & Influence
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/05/2000
01:50 PM ---------------------------
"Christi Smith" <christi.smith@lrinet.com> on 09/05/2000 11:40:59 AM
Please respond to <christi.smith@lrinet.com>
To: <Phillip.K.Allen@enron.com>
cc: "Debbie Nowak (E-mail)" <dnowak@enron.com>
Subject: RE: Receipt of Team Selection Form - Executive Impact & Influence
Program
We have not received your completed Team Selection information. It is
imperative that we receive your team's information (email, phone number,
office) asap. We cannot start your administration without this information,
and your raters will have less time to provide feedback for you.
Thank you for your assistance.
Christi
-----Original Message-----
From: Christi Smith [mailto:christi.smith@lrinet.com]
Sent: Thursday, August 31, 2000 10:33 AM
To: 'Phillip.K.Allen@enron.com'
Cc: Debbie Nowak (E-mail); Deborah Evans (E-mail)
Subject: Receipt of Team Selection Form - Executive Impact & Influence
Program
Importance: High
Hi Phillip. We appreciate your prompt attention and completing the Team
Selection information.
Ideally, we needed to receive your team of raters on the Team Selection form
we sent you. The information needed is then easily transferred into the
database directly from that Excel spreadsheet. If you do not have the
ability to complete that form, inserting what you listed below, we still
require additional information.
We need each person's email address. Without the email address, we cannot
email them their internet link and ID to provide feedback for you, nor can
we send them an automatic reminder via email. It would also be good to have
each person's phone number, in the event we need to reach them.
So, we do need to receive that complete TS Excel spreadsheet, or if you need
to instead, provide the needed information via email.
Thank you for your assistance Phillip.
Christi L. Smith
Project Manager for Client Services
Keilty, Goldsmith & Company
858/450-2554
-----Original Message-----
From: Phillip K Allen [mailto:Phillip.K.Allen@enron.com]
Sent: Thursday, August 31, 2000 12:03 PM
To: debe@fsddatasvc.com
Subject:
John Lavorato-M
Mike Grigsby-D
Keith Holst-D
Frank Ermis-D
Steve South-D
Janie Tholt-D
Scott Neal-P
Hunter Shively-P
Tom Martin-P
John Arnold-P | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/122. | subject: Re:
content: Ina,
Can you pull Tori K.'s and Martin Cuilla's resumes and past performance
reviews from H.R.
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
10:44 AM ---------------------------
John J Lavorato@ENRON
09/06/2000 05:39 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re:
The commercial support people that you and Hunter want to make commercial
managers. | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/123. | subject: Wow
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
10:49 AM ---------------------------
Jeff Richter
09/06/2000 07:39 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Wow
---------------------- Forwarded by Jeff Richter/HOU/ECT on 09/06/2000 09:45
AM ---------------------------
To: Mike Swerzbin/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Sean
Crandall/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, John
M Forney/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT
cc:
Subject: Wow
---------------------- Forwarded by Tim Belden/HOU/ECT on 09/06/2000 07:27 AM
---------------------------
Enron Capital & Trade Resources Corp.
From: Kevin M Presto 09/05/2000 01:59 PM
To: Tim Belden/HOU/ECT@ECT
cc: Rogers Herndon/HOU/ECT@ect, John Zufferli/HOU/ECT@ECT, Lloyd
Will/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Mike
Swerzbin/HOU/ECT@ECT
Subject: Wow
Do not underestimate the effects of the Internet economy on load growth. I
have been preaching the tremendous growth described below for the last year.
The utility infrastructure simply cannot handle these loads at the
distribution level and ultimatley distributed generation will be required for
power quality reasons.
The City of Austin, TX has experienced 300+ MW of load growth this year due
to server farms and technology companies. There is a 100 MW server farm
trying to hook up to HL&P as we speak and they cannot deliver for 12 months
due to distribution infrastructure issues. Obviously, Seattle, Porltand,
Boise, Denver, San Fran and San Jose in your markets are in for a rude
awakening in the next 2-3 years.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 09/05/2000
03:41 PM ---------------------------
Enron North America Corp.
From: John D Suarez 09/05/2000 01:45 PM
To: Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Paul J
Broderick/HOU/ECT@ECT, Jeffrey Miller/NA/Enron@Enron
cc:
Subject:
---------------------- Forwarded by John D Suarez/HOU/ECT on 09/05/2000 01:46
PM ---------------------------
George Hopley
09/05/2000 11:41 AM
To: John D Suarez/HOU/ECT@ECT, Suresh Vasan/Enron Communications@ENRON
COMMUNICATIONS@ENRON
cc:
Subject:
Internet Data Gain Is a Major Power Drain on
Local Utilities
( September 05, 2000 )
In 1997, a little-known Silicon Valley company called Exodus
Communications opened a 15,000-square-foot data center in
Tukwila.
The mission was to handle the Internet traffic and
computer servers for the
region's growing number of dot-coms.
Fast-forward to summer 2000. Exodus is now wrapping up
construction
on a new 13-acre, 576,000-square-foot data center less than
a mile from its
original facility. Sitting at the confluence of several
fiber optic backbones, the
Exodus plant will consume enough power for a small town and
eventually
house Internet servers for firms such as Avenue A,
Microsoft and Onvia.com.
Exodus is not the only company building massive data
centers near Seattle.
More than a dozen companies -- with names like AboveNet,
Globix and
HostPro -- are looking for facilities here that will house
the networking
equipment of the Internet economy.
It is a big business that could have an effect on
everything from your
monthly electric bill to the ease with which you access
your favorite Web sites.
Data centers, also known as co-location facilities and
server farms, are
sprouting at such a furious pace in Tukwila and the Kent
Valley that some
have expressed concern over whether Seattle City Light and
Puget Sound
Energy can handle the power necessary to run these 24-hour,
high-security
facilities.
"We are talking to about half a dozen customers that
are requesting 445
megawatts of power in a little area near Southcenter Mall,"
said Karl
Karzmar, manager of revenue requirements for Puget Sound
Energy. "That is
the equivalent of six oil refineries."
A relatively new phenomenon in the utility business,
the rise of the Internet
data center has some utility veterans scratching their
heads.
Puget Sound Energy last week asked the Washington
Utilities and
Transportation Commission to accept a tariff on the new
data centers. The
tariff is designed to protect the company's existing
residential and business
customers from footing the bill for the new base stations
necessary to support
the projects. Those base stations could cost as much as $20
million each,
Karzmar said.
Not to be left behind, Seattle City Light plans to
bring up the data center
issue on Thursday at the Seattle City Council meeting.
For the utilities that provide power to homes,
businesses and schools in the
region, this is a new and complex issue.
On one hand, the data centers -- with their amazing
appetite for power --
represent potentially lucrative business customers. The
facilities run 24 hours a
day, seven days a week, and therefore could become a
constant revenue
stream. On the other hand, they require so much energy that
they could
potentially flood the utilities with exorbitant capital
expenditures.
Who will pay for those expenditures and what it will
mean for power rates
in the area is still open to debate.
"These facilities are what we call extremely dense
loads," said Bob Royer,
director of communications and public affairs at Seattle
City Light.
"The entire University of Washington, from stadium
lights at the football
game to the Medical School, averages 31 megawatts per day.
We have data
center projects in front of us that are asking for 30, 40
and 50 megawatts."
With more than 1.5 million square feet, the Intergate
complex in Tukwila is
one of the biggest data centers. Sabey Corp. re-purchased
the 1.35 million
square-foot Intergate East facility last September from
Boeing Space &
Defense. In less than 12 months, the developer has leased
92 percent of the
six-building complex to seven different co-location
companies.
"It is probably the largest data center park in the
country," boasts Laurent
Poole, chief operating officer at Sabey. Exodus, ICG
Communications,
NetStream Communications, Pac West Telecomm and Zama
Networks all
lease space in the office park.
After building Exodus' first Tukwila facility in 1997,
Sabey has become an
expert in the arena and now has facilities either under
management or
development in Los Angeles, Spokane and Denver. Poole
claims his firm is
one of the top four builders of Internet data centers in
the country.
As more people access the Internet and conduct
bandwidth-heavy tasks
such as listening to online music, Poole said the need for
co-location space in
Seattle continues to escalate.
But it is not just Seattle. The need for data center
space is growing at a
rapid clip at many technology hubs throughout the country,
causing similar
concerns among utilities in places such as Texas and
California.
Exodus, one of the largest providers of co-location
space, plans to nearly
double the amount of space it has by the end of the year.
While companies
such as Amazon.com run their own server farms, many
high-tech companies
have decided to outsource the operations to companies such
as Exodus that
may be better prepared for dealing with Internet traffic
management.
"We have 2 million square feet of space under
construction and we plan to
double our size in the next nine months , yet there is more
demand right now
than data center space," said Steve Porter, an account
executive at Exodus in
Seattle.
The booming market for co-location space has left some
in the local utility
industry perplexed.
"It accelerates in a quantum way what you have to do
to serve the growth,"
said Seattle City Light's Royer. "The utility industry is
almost stunned by this, in
a way." | phillip.allen@enron.com | thomas.martin@enron.com, mike.grigsby@enron.com, keith.holst@enron.com, |
allen-p/discussion_threads/124. | subject:
content: Ina,
I scheduled a meeting with Jean Mrha tomorrow at 3:30 | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/125. | subject:
content: Larry,
Just a note to touch base on the sagewood townhomes and other development
opportunities.
I stumbled across some other duplexes for sale on the same street. that were
built by Reagan Lehmann. 22 Units were sold for
around $2 million. ($182,000/duplex). I spoke to Reagan and he indicated
that he had more units under construction that would be
available in the 180's. Are the units he is selling significantly different
from yours? He mentioned some of the units are the 1308 floor
plan. My bid of 2.7 million is almost $193,000/duplex.
As far as being an investor in a new project, I am still very interested.
Call or email with your thoughts.
Phillip | phillip.allen@enron.com | retwell@sanmarcos.net |
allen-p/discussion_threads/126. | subject: TIME SENSITIVE: Executive Impact & Influence Program Survey
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
02:01 PM ---------------------------
Enron-admin@FSDDataSvc.com on 09/06/2000 10:12:33 AM
To: pallen@enron.com
cc:
Subject: TIME SENSITIVE: Executive Impact & Influence Program Survey
Executive Impact & Influence Program
* IMMEDIATE ACTION REQUIRED - Do Not Delete *
As part of the Executive Impact and Influence Program, each participant
is asked to gather input on the participant's own management styles and
practices as experienced by their immediate manager, each direct report,
and up to eight peers/colleagues.
You have been requested to provide feedback for a participant attending
the next program. Your input (i.e., a Self assessment, Manager assessment,
Direct Report assessment, or Peer/Colleague assessment) will be combined
with the input of others and used by the program participant to develop an
action plan to improve his/her management styles and practices.
It is important that you complete this assessment
NO LATER THAN CLOSE OF BUSINESS Thursday, September 14.
Since the feedback is such an important part of the program, the participant
will be asked to cancel his/her attendance if not enough feedback is
received. Therefore, your feedback is critical.
To complete your assessment, please click on the following link or simply
open your internet browser and go to:
http://www.fsddatasvc.com/enron
Your unique ID for each participant you have been asked to rate is:
Unique ID - Participant
EVH3JY - John Arnold
ER93FX - John Lavorato
EPEXWX - Hunter Shively
If you experience technical problems, please call Dennis Ward at
FSD Data Services, 713-942-8436. If you have any questions about this
process,
you may contact Debbie Nowak at Enron, 713-853-3304, or Christi Smith at
Keilty, Goldsmith & Company, 858-450-2554.
Thank you for your participation. | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/127. | subject: utilities roll
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
03:53 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 09/06/2000 09:06:45 AM
To: pallen@enron.com
cc:
Subject: utilities roll
_________________________________________________________________________
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.
- utility.xls
- utility.xls | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/128. | subject: Westgate Proforma-Phillip Allen.xls
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000
12:28 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate Proforma-Phillip Allen.xls
Enclosed is the preliminary proforma for the Westgate property is Austin
that we told you about. As you can tell from the proforma this project
should produce a truly exceptional return of over 40% per year over 3 years.
This is especially attractive when the project is in a market as strong as
Austin and we are introducing new product that in a very low price range for
this market. This is the best project in terms of risk and reward that we
have uncovered to date in the Austin market.
The project does have approved zoning and will only require a site plan. As
it is in the "Smart Growth Corridor" area designated by the City of Austin
for preferred development, this will be fast tracked and should be complete
in less than 6 months. Additionally, many of the current and more severe
water treatment ordinances have been waived. I have estimated the lot
improvement costs based on a 28 lot development we investigated in North
Austin, which included a detention/retention and filtration pond and street
widening. Even though this property is not likely to require street
widening and will have less of a detention/retention and filtration pond
requirement, I used this data to be cautious.
The Lone Star gas line easement in the lower portion of the property is not
expected to impact sales significantly. Other projects have been quite
successful with identical relationships to this pipeline, such as the
adjoining single family residential and a project at St. Edwards University.
As with most infill projects, the quality of the surrounding neighborhoods
is uneven. We have included a fence around the entire property, but may
only put it on Westgate and Cameron Loop. Gated communities are far
preferred so this is a good idea for both screening and current buyer
preferences.
The seller accepted our offer Thursday evening with a price of $680,000 and
an extended escrow. This will enable us to probably obtain an approved site
plan before closing on the contract, which will mean that we can close into
an A&D Loan rather than into a land loan and then an improvement loan.
This analysis shows your investment at $700,000 for a 50% interest in the
profits of the project. As we discussed in San Marcos, we can also discuss
having you invest only in the lots, sell the lots to the construction entity
with your profit in the lot. I believe this would facilitate the use of a
1031 Exchange of the proceeds from this deal into another project that is a
rental deal or at least into the land for a rental project that would then
be the equity for that project. You would need to discuss this with an
exchange expert first. Larry Lewter knows an expert in the field in San
Antonio if you do not know anyone.
I will send you a package on the property that was prepared by the broker,
by Airborne Express today for Saturday delivery.
Once you have read the package and reviewed this proforma, we would want to
schedule a tour of the site and the area. Please get back to me as soon as
your schedule permits regarding the site visit and feel free to call at any
time. You can reach me over the weekend and in the evening at either
512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is
512-338-1103. I look forward to hearing from you and to working with you
on this project that is sure to be a major winner.
I regret that it took so long to get back to you, but we had some unusual
events these past few weeks. A small freakish wind storm with severe 60+mpg
downdrafts hit the South part of Austin where we are building 10 town homes.
One of these units had just had the roof decked with the siding scheduled to
start the next day. The severe downdraft hitting the decked roof was enough
to knock it down. The City shut down the project for a week and it took
another week to get every thing back on tract. Then last week I had to take
my wife to emergency. She has a bulge in the material between the vertebra
in her spine and it causes her extreme pain and has kept her bedridden this
past week.. There is nothing like having your wife incapacitated to realize
the enormous number of things she does everyday. Fortunately, it looks as
if she will be ok in the long run.
George W. Richards
Creekside Builders, LLC
- Westgate Proforma-Phillip Allen.xls | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/129. | subject: Sagewood Town Homes
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/08/2000
12:29 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:35:20 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Diana Zuniga"
<invest@bga.com>
Subject: Sagewood Town Homes
I was aware that Regan Lehman, the lot developer for the entire 70 lot
duplex project, was selling his units in the $180's, He does have a much
lower basis in the lots than anyone else, but the prime differences are due
to a) he is selling them during construction and b) they are smaller units.
We do not know the exact size of each of his units, but we believe one of
the duplexes is a 1164/1302 sq ft. plan. This would produce an average sq
footage of 1233, which would be $73.80 psf at $182,000. (I thought his
sales price was $187,000.) At this price psf our 1,376 sf unit would sell
for $203,108.
What is more important, in my view, is a) the rental rate and b) the
rent-ability. You have all of our current rental and cost data for your own
evaluation. As for rent-ability, I believe that we have shown that the
3-bedroom, 3.5 bath is strongly preferred in this market. In fact, if we
were able to purchase additional lots from Regan we would build 4 bedroom
units along with the 3-bedroom plan.
Phillip, I will call you today to go over this more thoroughly.
Sincerely,
George W. Richards
Creekside Builders, LLC | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/13. | subject: dopewars
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/27/2000
04:44 PM ---------------------------
Matthew Lenhart
01/24/2000 06:22 AM
To: Phillip K Allen/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT
cc:
Subject: dopewars
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 01/24/2000
08:21 AM ---------------------------
"mlenhart" <mlenhart@mail.ev1.net> on 01/23/2000 06:34:13 PM
Please respond to mlenhart@mail.ev1.net
To: Matthew Lenhart/HOU/ECT@ECT, mmitchm@msn.com
cc:
Subject: dopewars
- DOPEWARS.exe | phillip.allen@enron.com | fletcher.sturm@enron.com, hunter.shively@enron.com |
allen-p/discussion_threads/130. | subject:
content: 9/8 9/7 diff
Socal 36,600 37,200 -600
NWPL -51,000 -51,250 250
San Juan -32,500 -32,000 -500
The reason the benchmark report shows net selling San Juan is that the
transport positions were rolled in on 9/8. This added 800 shorts to San Juan
and 200 longs to Socal. Before this adjustment we bought 300 San Juan and
sold 800 Socal. | phillip.allen@enron.com | john.lavorato@enron.com |
allen-p/discussion_threads/131. | subject: Westgate Proforma-Phillip Allen.xls
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/11/2000
04:57 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate Proforma-Phillip Allen.xls
Enclosed is the preliminary proforma for the Westgate property is Austin
that we told you about. As you can tell from the proforma this project
should produce a truly exceptional return of over 40% per year over 3 years.
This is especially attractive when the project is in a market as strong as
Austin and we are introducing new product that in a very low price range for
this market. This is the best project in terms of risk and reward that we
have uncovered to date in the Austin market.
The project does have approved zoning and will only require a site plan. As
it is in the "Smart Growth Corridor" area designated by the City of Austin
for preferred development, this will be fast tracked and should be complete
in less than 6 months. Additionally, many of the current and more severe
water treatment ordinances have been waived. I have estimated the lot
improvement costs based on a 28 lot development we investigated in North
Austin, which included a detention/retention and filtration pond and street
widening. Even though this property is not likely to require street
widening and will have less of a detention/retention and filtration pond
requirement, I used this data to be cautious.
The Lone Star gas line easement in the lower portion of the property is not
expected to impact sales significantly. Other projects have been quite
successful with identical relationships to this pipeline, such as the
adjoining single family residential and a project at St. Edwards University.
As with most infill projects, the quality of the surrounding neighborhoods
is uneven. We have included a fence around the entire property, but may
only put it on Westgate and Cameron Loop. Gated communities are far
preferred so this is a good idea for both screening and current buyer
preferences.
The seller accepted our offer Thursday evening with a price of $680,000 and
an extended escrow. This will enable us to probably obtain an approved site
plan before closing on the contract, which will mean that we can close into
an A&D Loan rather than into a land loan and then an improvement loan.
This analysis shows your investment at $700,000 for a 50% interest in the
profits of the project. As we discussed in San Marcos, we can also discuss
having you invest only in the lots, sell the lots to the construction entity
with your profit in the lot. I believe this would facilitate the use of a
1031 Exchange of the proceeds from this deal into another project that is a
rental deal or at least into the land for a rental project that would then
be the equity for that project. You would need to discuss this with an
exchange expert first. Larry Lewter knows an expert in the field in San
Antonio if you do not know anyone.
I will send you a package on the property that was prepared by the broker,
by Airborne Express today for Saturday delivery.
Once you have read the package and reviewed this proforma, we would want to
schedule a tour of the site and the area. Please get back to me as soon as
your schedule permits regarding the site visit and feel free to call at any
time. You can reach me over the weekend and in the evening at either
512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is
512-338-1103. I look forward to hearing from you and to working with you
on this project that is sure to be a major winner.
I regret that it took so long to get back to you, but we had some unusual
events these past few weeks. A small freakish wind storm with severe 60+mpg
downdrafts hit the South part of Austin where we are building 10 town homes.
One of these units had just had the roof decked with the siding scheduled to
start the next day. The severe downdraft hitting the decked roof was enough
to knock it down. The City shut down the project for a week and it took
another week to get every thing back on tract. Then last week I had to take
my wife to emergency. She has a bulge in the material between the vertebra
in her spine and it causes her extreme pain and has kept her bedridden this
past week.. There is nothing like having your wife incapacitated to realize
the enormous number of things she does everyday. Fortunately, it looks as
if she will be ok in the long run.
George W. Richards
Creekside Builders, LLC
- Westgate Proforma-Phillip Allen.xls | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/discussion_threads/132. | subject:
content: http://www.hearme.com/vc2/?chnlOwnr=pallen@enron.com | phillip.allen@enron.com | moshuffle@hotmail.com |
allen-p/discussion_threads/133. | subject: Contact list for mid market
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/12/2000
11:22 AM ---------------------------
Michael Etringer
09/11/2000 02:32 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Contact list for mid market
Phillip,
Attached is the list. Have your people fill in the columns highlighted in
yellow. As best can we will try not to overlap on accounts.
Thanks, Mike | phillip.allen@enron.com | paul.lucci@enron.com, kenneth.shulklapper@enron.com |
allen-p/discussion_threads/134. | subject:
content: Lucy,
You wrote fewer checks this month. Spent more money on Materials and less on
Labor.
June July August
Total Materials 2929 4085 4801
Services 53 581 464
Labor 3187 3428 2770
Here are my questions on the August bank statement (attached):
1. Check 1406 Walmart Description and unit?
2. Check 1410 Crumps Detail description and unit?
3. Check 1411 Lucy What is this?
4. Check 1415 Papes Detail description and units?
5. Checks 1416, 1417, and 1425 Why overtime?
6. Check 1428 Ralph's What unit?
7. Check 1438 Walmart? Description and unit?
Try and pull together the support for these items and get back to me.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/discussion_threads/135. | subject:
content: Lucy,
I want to have an accurate rent roll as soon as possible. I faxed you a copy
of this file. You can fill in on the computer or just write in the correct
amounts and I will input. | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/discussion_threads/136. | subject:
content: Jeff,
What is up with Burnet?
Phillip | phillip.allen@enron.com | jsmith@austintx.com |
allen-p/discussion_threads/137. | subject:
content: George,
Here sales numbers from Reagan:
As you can see his units sold at a variety of prices per square foot. The
1308/1308 model seems to have the most data and looks most similiar to the
units you are selling. At 2.7 MM, my bid is .70/sf higher than his units
under construction. I am having a hard time justifying paying much more with
competition on the way. The price I am bidding is higher than any deals
actually done to date.
Let me know what you think. I will follow up with an email and phone call
about Cherry Creek. I am sure Deborah Yates let you know that the bid was
rejected on the De Ville property.
Phillip Allen | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/discussion_threads/138. | subject: Westgate Proforma-Phillip Allen.xls
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/19/2000
04:35 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate Proforma-Phillip Allen.xls
Enclosed is the preliminary proforma for the Westgate property is Austin
that we told you about. As you can tell from the proforma this project
should produce a truly exceptional return of over 40% per year over 3 years.
This is especially attractive when the project is in a market as strong as
Austin and we are introducing new product that in a very low price range for
this market. This is the best project in terms of risk and reward that we
have uncovered to date in the Austin market.
The project does have approved zoning and will only require a site plan. As
it is in the "Smart Growth Corridor" area designated by the City of Austin
for preferred development, this will be fast tracked and should be complete
in less than 6 months. Additionally, many of the current and more severe
water treatment ordinances have been waived. I have estimated the lot
improvement costs based on a 28 lot development we investigated in North
Austin, which included a detention/retention and filtration pond and street
widening. Even though this property is not likely to require street
widening and will have less of a detention/retention and filtration pond
requirement, I used this data to be cautious.
The Lone Star gas line easement in the lower portion of the property is not
expected to impact sales significantly. Other projects have been quite
successful with identical relationships to this pipeline, such as the
adjoining single family residential and a project at St. Edwards University.
As with most infill projects, the quality of the surrounding neighborhoods
is uneven. We have included a fence around the entire property, but may
only put it on Westgate and Cameron Loop. Gated communities are far
preferred so this is a good idea for both screening and current buyer
preferences.
The seller accepted our offer Thursday evening with a price of $680,000 and
an extended escrow. This will enable us to probably obtain an approved site
plan before closing on the contract, which will mean that we can close into
an A&D Loan rather than into a land loan and then an improvement loan.
This analysis shows your investment at $700,000 for a 50% interest in the
profits of the project. As we discussed in San Marcos, we can also discuss
having you invest only in the lots, sell the lots to the construction entity
with your profit in the lot. I believe this would facilitate the use of a
1031 Exchange of the proceeds from this deal into another project that is a
rental deal or at least into the land for a rental project that would then
be the equity for that project. You would need to discuss this with an
exchange expert first. Larry Lewter knows an expert in the field in San
Antonio if you do not know anyone.
I will send you a package on the property that was prepared by the broker,
by Airborne Express today for Saturday delivery.
Once you have read the package and reviewed this proforma, we would want to
schedule a tour of the site and the area. Please get back to me as soon as
your schedule permits regarding the site visit and feel free to call at any
time. You can reach me over the weekend and in the evening at either
512-338-1119 or 512-338-1110. My cell phone is 512-748-7495 and the fax is
512-338-1103. I look forward to hearing from you and to working with you
on this project that is sure to be a major winner.
I regret that it took so long to get back to you, but we had some unusual
events these past few weeks. A small freakish wind storm with severe 60+mpg
downdrafts hit the South part of Austin where we are building 10 town homes.
One of these units had just had the roof decked with the siding scheduled to
start the next day. The severe downdraft hitting the decked roof was enough
to knock it down. The City shut down the project for a week and it took
another week to get every thing back on tract. Then last week I had to take
my wife to emergency. She has a bulge in the material between the vertebra
in her spine and it causes her extreme pain and has kept her bedridden this
past week.. There is nothing like having your wife incapacitated to realize
the enormous number of things she does everyday. Fortunately, it looks as
if she will be ok in the long run.
George W. Richards
Creekside Builders, LLC
- Westgate Proforma-Phillip Allen.xls | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/139. | subject:
content: George,
Below is a list of questions that Keith and I had regarding the Westgate
project:
Ownership Structure
What will be the ownership structure? Limited partnership? General partner?
What are all the legal entities that will be involved and in what
capacity(regarding ownership and
liabilities)?
Who owns the land? improvements?
Who holds the various loans?
Is the land collateral?
Investment
What happens to initial investment?
Is it used to purchase land for cash?Secure future loans?
Why is the land cost spread out on the cash flow statement?
When is the 700,000 actually needed? Now or for the land closing? Investment
schedule?
Investment Return
Is Equity Repayment the return of the original investment?
Is the plan to wait until the last unit is sold and closed before profits
are distributed?
Debt
Which entity is the borrower for each loan and what recourse or collateral
is associated with each
loan?
Improvement
Construction
Are these the only two loans? Looks like it from the cash flow statement.
Terms of each loan?
Uses of Funds
How will disbursements be made? By whom?
What type of bank account? Controls on max disbursement? Internet viewing
for investors?
Reports to track expenses vs plan?
Bookkeeping procedures to record actual expenses?
What is the relationship of Creekside Builders to the project? Do you get
paid a markup on subcontractors as a
general contractor and paid gain out of profits?
Do you or Larry receive any money in the form of salary or personal expenses
before the ultimate payout of profits?
Design and Construction
When will design be complete?
What input will investors have in selecting design and materials for units?
What level of investor involvement will be possible during construction
planning and permitting?
Does Creekside have specific procedures for dealing with subcontractors,
vendors, and other professionals?
Such as always getting 3 bids, payment schedules, or reference checking?
Are there any specific companies or individuals that you already plan to
use? Names?
These questions are probably very basic to you, but as a first time investor
in a project like this it is new to me. Also, I want to learn as
much as possible from the process.
Phillip | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/discussion_threads/14. | subject:
content: Julie,
The numbers for January are below:
Actual flows X gas daily spreads $ 463,000
Actual flow X Index spreads $ 543,000
Jan. value from original bid $1,750,000
Estimated cost to unwind hedges ($1,000,000)
Based on these numbers, I suggest we offer to pay at least $500,000 but no
more than $1,500,000. I want your input on
how to negotiate with El Paso. Do we push actual value, seasonal shape, or
unwind costs?
Phillip | phillip.allen@enron.com | julie.gomez@enron.com |
allen-p/discussion_threads/140. | subject:
content: John,
Denver's short rockies position beyond 2002 is created by their Trailblazer
transport. They are unhedged 15,000/d in 2003 and 25,000/d in 2004 and
2005.
They are scrubbing all their books and booking the Hubert deal on Wednesday
and Thursday.
Phillip | phillip.allen@enron.com | john.lavorato@enron.com |
allen-p/discussion_threads/141. | subject:
content: Kathy,
Regarding the guest password for gas daily, can you please relay the
information to Mike Grigsby at 37031 so he can pass it along to the user at
gas daily today. I will be out of the office on Friday.
thank you
Phillip | phillip.allen@enron.com | kathy.moore@enron.com |
allen-p/discussion_threads/142. | subject:
content: Greg,
Happy B-day. Email me your phone # and I will call you.
Keith | phillip.allen@enron.com | muller@thedoghousemail.com |
allen-p/discussion_threads/143. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000
02:00 PM ---------------------------
Invitation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 01:00 PM
End: 09/27/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description: | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/144. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000
02:01 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
The meeting with Richard Burchfield/HOU/ECT was rescheduled.
On 09/28/2000 03:00:00 PM CDT
For 1 hour
With: Richard Burchfield/HOU/ECT (Chairperson)
Fletcher J Sturm/HOU/ECT (Invited)
Scott Neal/HOU/ECT (Invited)
Hunter S Shively/HOU/ECT (Invited)
Phillip K Allen/HOU/ECT (Invited)
Allan Severude/HOU/ECT (Invited)
Scott Mills/HOU/ECT (Invited)
Russ Severson/HOU/ECT (Invited)
Gas Physical/Financail Positions - Room 2537 | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/145. | subject:
content: Chris,
What is the latest with PG&E? We have been having good discussions
regarding EOL.
Call me when you can. X37041
Phillip | phillip.allen@enron.com | christopher.calger@enron.com |
allen-p/discussion_threads/146. | subject: closing
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
11:57 AM ---------------------------
"BS Stone" <bs_stone@yahoo.com> on 09/26/2000 04:47:40 AM
To: "jeff" <jeff@freeyellow.com>
cc: "Phillip K Allen" <Phillip.K.Allen@enron.com>
Subject: closing
Jeff,
?
Is the closing today?? After reviewing the agreement?I find it isn't binding
as far as I can determine.? It is too vague and it doesn't sound like
anything an attorney or title company would?draft for a real estate
closing--but, of course, I could be wrong.?
?
If this?closing is going to take place without this agreement then there is
no point in me following up on this?document's validity.?
?
I will just need to go back to my closing documents and see what's there and
find out where I am with that and deal with this as best I can.
?
I guess I was expecting something that would be an exhibit to a recordable
document or something a little more exact, or rather?sort of a contract.?
This isn't either.? I tried to get a real estate atty on the phone last
night but he was out of pocket.? I talked to a crim. atty friend and he said
this is out of his area but doesn't sound binding to him.?
?
I will go back to mine and Phillip Allen's transaction?and take a look at
that but as vague and general as this is I doubt that my signature? is even
needed to complete this transaction.? I am in after 12 noon if there is any
need to contact me regarding the closing.
?
I really do not want to hold up anything or generate more work for myself
and I don't want to insult or annoy anyone but this paper really doesn't
seem to be something required for a closing.? In the event you do need my
signature on something like this I would rather have time to have it
reviewed before I accept it.
?
Brenda
?
? | phillip.allen@enron.com | jsmith@austintx.com |
allen-p/discussion_threads/147. | subject: Gas Physical/Financial Position
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
12:07 PM ---------------------------
From: Cindy Cicchetti 09/26/2000 09:23 AM
To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT,
Fletcher J Sturm/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
cc:
Subject: Gas Physical/Financial Position
I have scheduled and entered on each of your calendars a meeting for the
above referenced topic. It will take place on Thursday, 9/28 from 3:00 -
4:00 in Room EB2537. | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/148. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
12:08 PM ---------------------------
Invitation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 11:30 AM
End: 09/27/2000 12:30 PM
Description: Gas Trading Vision Meeting - Room EB2556
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT
Hunter S Shively/HOU/ECT
Scott Mills/HOU/ECT
Allan Severude/HOU/ECT
Jeffrey C Gossett/HOU/ECT
Colleen Sullivan/HOU/ECT
Russ Severson/HOU/ECT
Jayant Krishnaswamy/HOU/ECT
Russell Long/HOU/ECT
Detailed description: | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/149. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 10/03/2000 02:30 PM
End: 10/03/2000 03:30 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 10/03/2000 02:30 PM
End: 10/03/2000 03:30 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
Status update:
Fletcher J Sturm -> No Response
Scott Neal -> No Response
Hunter S Shively -> No Response
Phillip K Allen -> No Response
Allan Severude -> Accepted
Scott Mills -> Accepted
Russ Severson -> No Response
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 02:00 PM
End: 09/27/2000 03:00 PM
Description: Gas Trading Vision Meeting - Room EB2601
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT@ECT
Hunter S Shively/HOU/ECT@ECT
Scott Mills/HOU/ECT@ECT
Allan Severude/HOU/ECT@ECT
Jeffrey C Gossett/HOU/ECT@ECT
Colleen Sullivan/HOU/ECT@ECT
Russ Severson/HOU/ECT@ECT
Jayant Krishnaswamy/HOU/ECT@ECT
Russell Long/HOU/ECT@ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/27/2000 02:00 PM
End: 09/27/2000 03:00 PM
Description: Gas Trading Vision Meeting - Room EB2601
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Phillip K Allen/HOU/ECT@ECT
Hunter S Shively/HOU/ECT@ECT
Scott Mills/HOU/ECT@ECT
Allan Severude/HOU/ECT@ECT
Jeffrey C Gossett/HOU/ECT@ECT
Colleen Sullivan/HOU/ECT@ECT
Russ Severson/HOU/ECT@ECT
Jayant Krishnaswamy/HOU/ECT@ECT
Russell Long/HOU/ECT@ECT
Detailed description:
Status update:
Phillip K Allen -> No Response
Hunter S Shively -> No Response
Scott Mills -> No Response
Allan Severude -> Accepted
Jeffrey C Gossett -> Accepted
Colleen Sullivan -> No Response
Russ Severson -> No Response
Jayant Krishnaswamy -> Accepted
Russell Long -> Accepted
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
Confirmation
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti
Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM
Description: Gas Physical/Financail Positions - Room 2537
This meeting repeats starting on (if the date occurs on a weekend the
meeting ).
Meeting Dates:
Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT
Detailed description:
Status update:
Fletcher J Sturm -> No Response
Scott Neal -> No Response
Hunter S Shively -> No Response
Phillip K Allen -> No Response
Allan Severude -> Accepted
Scott Mills -> Accepted
Russ Severson -> Accepted
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
02:00 PM ---------------------------
From: Cindy Cicchetti 09/26/2000 10:38 AM
To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Colleen Sullivan/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Jayant
Krishnaswamy/HOU/ECT@ECT, Russell Long/HOU/ECT@ECT
cc:
Subject: Gas Trading Vision mtg.
This meeting has been moved to 4:00 on Wed. in room 2601. I have sent a
confirmation to each of you via Lotus Notes. Sorry for all of the changes
but there was a scheduling problem with a couple of people for the original
time slot. | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/15. | subject:
content: here is the file I showed you. | phillip.allen@enron.com | julie.gomez@enron.com |
allen-p/discussion_threads/150. | subject: Investment Structure
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
04:26 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/26/2000 01:18:45 PM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Claudia L. Crocker"
<clclegal2@aol.com>
Subject: Investment Structure
STRUCTURE:
Typically the structure is a limited partnership with a corporate (or LLC)
general partner. The General Partner owns 1% of the project and carries the
liability of construction.
LAND OWNERSHIP & LOANS
The property would be purchased in the name of the limited partnership and
any land loans, land improvements loans and construction loans would be in
the name of the limited partnership. Each of the individual investors and
all of the principals in Creekside would also personally guarantee the
loans. If the investor(s) do not sign on the loans, this generally means
that a larger amount of cash is required and the investor's share of profits
is reduced.
All loans for residential construction, that are intended for re-sale, are
full recourse loans. If we are pursuing multifamily rental developments,
the construction loans are still full recourse but the mortgage can often be
non-recourse.
USE OF INITIAL INVESTMENT
The initial investment is used for land deposit, engineering &
architectural design, soils tests, surveys, filing fees, legal fees for
organization and condominium association formation, and appraisals. Unlike
many real estate investment programs, none of the funds are used for fees to
Creekside Builders, LLC. These professional expenses will be incurred over
the estimated 6 month design and approval period.
EARLY LAND COSTS
The $4,000 per month costs listed in the cash flow as part of land cost
represent the extension fees due to the seller for up to 4 months of
extensions on closing. As an alternative, we can close into a land loan at
probably 70% of appraised value. With a land value equal to the purchase
price of $680,000 this would mean a land loan of $476,000 with estimated
monthly interest payments of $3,966, given a 10% annual interest rate, plus
approximately 1.25% of the loan amount for closing costs and loan fees.
EQUITY AT IMPROVEMENT LOAN
Once the site plan is approved by the City of Austin, the City will require
the development entity to post funds for fiscal improvements, referred to as
the "fiscals". This cost represents a bond for the completion of
improvements that COA considers vital and these funds are released once the
improvements have been completed and accepted by COA. This release will be
for 90% of the cost with the remaining 10% released one year after
completion. Releases can be granted once every 90 days and you should
expect that the release would occur 6 months after the start of lot
improvement construction. These fiscals are usually posted in cash or an
irrevocable letter of credit. As such, they have to be counted as a
development cost, even though they are not spent. Because they are not
spent no interest is charged on these funds.
The lot improvement loan is typically 75% of the appraised value of a
finished lot, which I suspect will be at least $20,000 and potentially as
high as $25,000. This would produce a loan amount of $15,000 on $20,000
per lot. With estimated per lot improvement costs of $9,000, 'fiscals' at
$2,000 and the land cost at $8,000 , total improved lot cost is $19,000
which means $0 to $4,000 per lot in total equity. The investment prior to
obtaining the improvement loan would count towards any equity requirement
provided it was for direct costs. Thus, the additional equity for the
improvement loan would be $0-$184,000. Even if the maximum loan would
cover all costs, it is unlikely the bank would allow reimbursement of funds
spent. The higher estimates of equity investments are shown in the
preliminary proforma to be on the safe side. The engineer is preparing a
tentative site layout with an initial evaluation of the phasing, which can
significantly reduce the cash equity requirement.
Phasing works as follows. If the first phase was say 40 units, the total
lot improvement cost might average $31,000 per lot. Of this, probably
$13,000 would be for improvements and $19,000 for the land cost. The
improvements are higher to cover large one time up front costs for design
costs, the entry road, water treatment costs, perimeter fencing and
landscaping, and so on, as well as for 100% of the land. The land loan for
undeveloped lots would be 70% of the appraised raw lot value, which I would
estimate as $10,000 per lot for a loan value of $7,000 per lot. Then the
loan value for each improved lot would be $15,000 per lot. This would give
you a total loan of $992,000, total cost of $1,232,645 for equity required
of $241,000. This was not presented in the initial analysis as the phasing
is depended on a more careful assessment by the Civil Engineer as the
separate phases must each be able to stand on its own from a utility
standpoint.
CONSTRUCTION LOANS
There are three types of construction loans. First, is a speculative
(spec) loan that is taken out prior to any pre-sales activity. Second, is
a construction loan for a pre-sold unit, but the loan remains in the
builder/developers name. Third, is a pre-sold unit with the construction
loan in the name of the buyer. We expect to have up to 8 spec loans to
start the project and expect all other loans to be pre-sold units with loans
in the name of the builder/developer. We do not expect to have any
construction loans in the name of the buyers, as such loans are too
difficult to manage and please new buyers unfamiliar with the process.
Spec loans will be for 70% to 75% of value and construction loans for
pre-sold units, if the construction loan is from the mortgage lender, will
be from 80% to 95% of value.
DISBURSEMENTS
Disbursements will be handled by the General Partner to cover current and
near term third party costs, then to necessary reserves, then to priority
payments and then to the partners per the agreement. The General Partner
will contract with Creekside Builders, LLC to construct the units and the
fee to CB will include a construction management and overhead fee equal to
15% of the direct hard cost excluding land, financing and sales costs.
These fees are the only monies to Creekside, Larry Lewter or myself prior to
calculation of profit, except for a) direct reimbursement for partnership
expenses and b) direct payment to CB for any subcontractor costs that it has
to perform. For example, if CB cannot find a good trim carpenter sub, or
cannot find enough trim carpenters, etc., and it decides to undertake this
function, it will charge the partnership the same fee it was able to obtain
from third parties and will disclose those cases to the partnership.
Finally, CB will receive a fee for the use of any of its equipment if it is
used in lieu of leasing equipment from others. At present CB does not own
any significant equipment, but it is considering the purchase of a sky track
to facilitate and speed up framing, cornice, roofing and drywall spreading.
REPORTING
We are more than willing to provide reports to track expenses vs. plan.
What did you have in mind? I would like to use some form of internet based
reporting.
BOOKKEEPING
I am not sure what you are referring to by the question, "Bookkeeping
procedures to record actual expenses?" Please expand.
INVESTOR INPUT
We are glad to have the investor's input on design and materials. As always
the question will be who has final say if there is disagreement, but in my
experience I have always been able to reach consensus. As you, and I presume
Keith, want to be involved to learn as much as possible we would make every
effort to be accommodating.
CREEKSIDE PROCEEDURES
CB procedures for dealing with subs, vendors and professionals is not as
formal as your question indicates. In the EXTREMELY tight labor market
obtaining 3 bids for each labor trade is not feasible. For the professional
subs we use those with whom we have developed a previous rapport. Finally,
for vendors they are constantly shopped.
PRE-SELECTED PROFESSIONALS, SUBS AND VENDORS
Yes there are many different subs that have been identified and I can
provide these if you are interested.
I know I have not answered everything, but this is a starting point. Call
when you have reviewed and we can discuss further.
Sincerely,
George Richards
President, Creekside Builders, LLC
- winmail.dat | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/151. | subject: Investment Structure
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000
04:28 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/26/2000 01:18:45 PM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Claudia L. Crocker"
<clclegal2@aol.com>
Subject: Investment Structure
STRUCTURE:
Typically the structure is a limited partnership with a corporate (or LLC)
general partner. The General Partner owns 1% of the project and carries the
liability of construction.
LAND OWNERSHIP & LOANS
The property would be purchased in the name of the limited partnership and
any land loans, land improvements loans and construction loans would be in
the name of the limited partnership. Each of the individual investors and
all of the principals in Creekside would also personally guarantee the
loans. If the investor(s) do not sign on the loans, this generally means
that a larger amount of cash is required and the investor's share of profits
is reduced.
All loans for residential construction, that are intended for re-sale, are
full recourse loans. If we are pursuing multifamily rental developments,
the construction loans are still full recourse but the mortgage can often be
non-recourse.
USE OF INITIAL INVESTMENT
The initial investment is used for land deposit, engineering &
architectural design, soils tests, surveys, filing fees, legal fees for
organization and condominium association formation, and appraisals. Unlike
many real estate investment programs, none of the funds are used for fees to
Creekside Builders, LLC. These professional expenses will be incurred over
the estimated 6 month design and approval period.
EARLY LAND COSTS
The $4,000 per month costs listed in the cash flow as part of land cost
represent the extension fees due to the seller for up to 4 months of
extensions on closing. As an alternative, we can close into a land loan at
probably 70% of appraised value. With a land value equal to the purchase
price of $680,000 this would mean a land loan of $476,000 with estimated
monthly interest payments of $3,966, given a 10% annual interest rate, plus
approximately 1.25% of the loan amount for closing costs and loan fees.
EQUITY AT IMPROVEMENT LOAN
Once the site plan is approved by the City of Austin, the City will require
the development entity to post funds for fiscal improvements, referred to as
the "fiscals". This cost represents a bond for the completion of
improvements that COA considers vital and these funds are released once the
improvements have been completed and accepted by COA. This release will be
for 90% of the cost with the remaining 10% released one year after
completion. Releases can be granted once every 90 days and you should
expect that the release would occur 6 months after the start of lot
improvement construction. These fiscals are usually posted in cash or an
irrevocable letter of credit. As such, they have to be counted as a
development cost, even though they are not spent. Because they are not
spent no interest is charged on these funds.
The lot improvement loan is typically 75% of the appraised value of a
finished lot, which I suspect will be at least $20,000 and potentially as
high as $25,000. This would produce a loan amount of $15,000 on $20,000
per lot. With estimated per lot improvement costs of $9,000, 'fiscals' at
$2,000 and the land cost at $8,000 , total improved lot cost is $19,000
which means $0 to $4,000 per lot in total equity. The investment prior to
obtaining the improvement loan would count towards any equity requirement
provided it was for direct costs. Thus, the additional equity for the
improvement loan would be $0-$184,000. Even if the maximum loan would
cover all costs, it is unlikely the bank would allow reimbursement of funds
spent. The higher estimates of equity investments are shown in the
preliminary proforma to be on the safe side. The engineer is preparing a
tentative site layout with an initial evaluation of the phasing, which can
significantly reduce the cash equity requirement.
Phasing works as follows. If the first phase was say 40 units, the total
lot improvement cost might average $31,000 per lot. Of this, probably
$13,000 would be for improvements and $19,000 for the land cost. The
improvements are higher to cover large one time up front costs for design
costs, the entry road, water treatment costs, perimeter fencing and
landscaping, and so on, as well as for 100% of the land. The land loan for
undeveloped lots would be 70% of the appraised raw lot value, which I would
estimate as $10,000 per lot for a loan value of $7,000 per lot. Then the
loan value for each improved lot would be $15,000 per lot. This would give
you a total loan of $992,000, total cost of $1,232,645 for equity required
of $241,000. This was not presented in the initial analysis as the phasing
is depended on a more careful assessment by the Civil Engineer as the
separate phases must each be able to stand on its own from a utility
standpoint.
CONSTRUCTION LOANS
There are three types of construction loans. First, is a speculative
(spec) loan that is taken out prior to any pre-sales activity. Second, is
a construction loan for a pre-sold unit, but the loan remains in the
builder/developers name. Third, is a pre-sold unit with the construction
loan in the name of the buyer. We expect to have up to 8 spec loans to
start the project and expect all other loans to be pre-sold units with loans
in the name of the builder/developer. We do not expect to have any
construction loans in the name of the buyers, as such loans are too
difficult to manage and please new buyers unfamiliar with the process.
Spec loans will be for 70% to 75% of value and construction loans for
pre-sold units, if the construction loan is from the mortgage lender, will
be from 80% to 95% of value.
DISBURSEMENTS
Disbursements will be handled by the General Partner to cover current and
near term third party costs, then to necessary reserves, then to priority
payments and then to the partners per the agreement. The General Partner
will contract with Creekside Builders, LLC to construct the units and the
fee to CB will include a construction management and overhead fee equal to
15% of the direct hard cost excluding land, financing and sales costs.
These fees are the only monies to Creekside, Larry Lewter or myself prior to
calculation of profit, except for a) direct reimbursement for partnership
expenses and b) direct payment to CB for any subcontractor costs that it has
to perform. For example, if CB cannot find a good trim carpenter sub, or
cannot find enough trim carpenters, etc., and it decides to undertake this
function, it will charge the partnership the same fee it was able to obtain
from third parties and will disclose those cases to the partnership.
Finally, CB will receive a fee for the use of any of its equipment if it is
used in lieu of leasing equipment from others. At present CB does not own
any significant equipment, but it is considering the purchase of a sky track
to facilitate and speed up framing, cornice, roofing and drywall spreading.
REPORTING
We are more than willing to provide reports to track expenses vs. plan.
What did you have in mind? I would like to use some form of internet based
reporting.
BOOKKEEPING
I am not sure what you are referring to by the question, "Bookkeeping
procedures to record actual expenses?" Please expand.
INVESTOR INPUT
We are glad to have the investor's input on design and materials. As always
the question will be who has final say if there is disagreement, but in my
experience I have always been able to reach consensus. As you, and I presume
Keith, want to be involved to learn as much as possible we would make every
effort to be accommodating.
CREEKSIDE PROCEEDURES
CB procedures for dealing with subs, vendors and professionals is not as
formal as your question indicates. In the EXTREMELY tight labor market
obtaining 3 bids for each labor trade is not feasible. For the professional
subs we use those with whom we have developed a previous rapport. Finally,
for vendors they are constantly shopped.
PRE-SELECTED PROFESSIONALS, SUBS AND VENDORS
Yes there are many different subs that have been identified and I can
provide these if you are interested.
I know I have not answered everything, but this is a starting point. Call
when you have reviewed and we can discuss further.
Sincerely,
George Richards
President, Creekside Builders, LLC
- winmail.dat | phillip.allen@enron.com | kholst@enron.com |
allen-p/discussion_threads/152. | subject: San Juan Index
content: Liane,
As we discussed yesterday, I am concerned there has been an attempt to
manipulate the El Paso San Juan monthly index. A single buyer entered the
marketplace on both September 26 and 27 and paid above market prices
($4.70-$4.80) for San Juan gas with the intent to distort the index. At the
time of these trades, offers for physical gas at significantly (10 to 15
cents) lower prices were bypassed in order to establish higher trades to
report into the index calculation. Additionally, these trades are out of
line with the associated financial swaps for San Juan.
We have compiled a list of financial and physical trades executed from
September 25 to September 27. These are the complete list of trades from
Enron Online (EOL), Enron's direct phone conversations, and three brokerage
firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a
trade by trade list and a summary. We have also included a summary of gas
daily prices to illustrate the value of San Juan based on several spread
relationships. The two key points from this data are as follows:
1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater
than the high financial trades (4.6375,4.665) on those days.
2. The spread relationship between San Juan and other points (Socal &
Northwest) is consistent between the end of September and
October gas daily. It doesn't make sense to have monthly indeces that
are dramatically different.
I understand you review the trades submitted for outliers. Hopefully, the
trades submitted will reveal counterparty names and you will be able to
determine that there was only one buyer in the 4.70's and these trades are
outliers. I wanted to give you some additional points of reference to aid in
establishing a reasonable index. It is Enron's belief that the trades at
$4.70 and higher were above market trades that should be excluded from the
calculation of index.
It is our desire to have reliable and accurate indeces against which to
conduct our physical and financial business. Please contact me
anytime I can assist you towards this goal.
Sincerely,
Phillip Allen | phillip.allen@enron.com | jeffrey.hodge@enron.com |
allen-p/discussion_threads/153. | subject: San Juan Index
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/28/2000
01:09 PM ---------------------------
From: Phillip K Allen 09/28/2000 10:56 AM
Liane,
As we discussed yesterday, I am concerned there may have been an attempt to
manipulate the El Paso San Juan monthly index. It appears that a single
buyer entered the marketplace on both September 26 and 27 and paid above
market prices ($4.70-$4.80) for San Juan gas. At the time of these trades,
offers for physical gas at significantly (10 to 15 cents) lower prices were
bypassed in order to establish higher trades to report into the index
calculation. Additionally, these trades are out of line with the associated
financial swaps for San Juan.
We have compiled a list of financial and physical trades executed from
September 25 to September 27. These are the complete list of trades from
Enron Online (EOL), Enron's direct phone conversations, and three brokerage
firms (Amerex, APB, and Prebon). Please see the attached spreadsheet for a
trade by trade list and a summary. We have also included a summary of gas
daily prices to illustrate the value of San Juan based on several spread
relationships. The two key points from this data are as follows:
1. The high physical prices on the 26th & 27th (4.75,4,80) are much greater
than the high financial trades (4.6375,4.665) on those days.
2. The spread relationship between San Juan and other points (Socal &
Northwest) is consistent between the end of September and
October gas daily. It doesn't make sense to have monthly indices that
are dramatically different.
I understand you review the trades submitted for outliers. Hopefully, the
trades submitted will reveal counterparty names and you will be able to
determine that there was only one buyer in the 4.70's and these trades are
outliers. I wanted to give you some additional points of reference to aid in
establishing a reasonable index. It is Enron's belief that the trades at
$4.70 and higher were above market trades that should be excluded from the
calculation of index.
It is our desire to have reliable and accurate indices against which to
conduct our physical and financial business. Please contact me
anytime I can assist you towards this goal.
Sincerely,
Phillip Allen | phillip.allen@enron.com | lkuch@mh.com |
allen-p/discussion_threads/154. | subject:
content: Brenda,
Please use the second check as the October payment. If you have already
tossed it, let me know so I can mail you another.
Phillip | phillip.allen@enron.com | bs_stone@yahoo.com |
allen-p/discussion_threads/155. | subject: Meeting re: Storage Strategies in the West
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000
04:13 PM ---------------------------
Nancy Hall@ENRON
10/02/2000 06:42 AM
To: Mark Whitt/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Paul T
Lucci/NA/Enron@Enron, Paul Bieniawski/Corp/Enron@ENRON, Tyrell
Harrison/NA/Enron@Enron
cc: Jean Mrha/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Monica
Jackson/Corp/Enron@ENRON
Subject: Meeting re: Storage Strategies in the West
There will be a meeting on Tuesday, Oct. 10th at 4:00pm in EB3270 regarding
Storage Strategies in the West. Please mark your calendars.
Thank you!
Regards,
Nancy Hall
ENA Denver office
303-575-6490 | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/156. | subject: Westgate
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/03/2000
04:30 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 10/03/2000 06:35:56 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate
Westgate
Enclosed are demographics on the Westgate site from Investor's Alliance.
Investor's Alliance says that these demographics are similar to the package
on San Marcos that you received earlier.
If there are any other questions or information requirements, let me know.
Then, let me know your interest level in the Westgate project?
San Marcos
The property across the street from the Sagewood units in San Marcos is for
sale and approved for 134 units. The land is selling for $2.50 per square
foot as it is one of only two remaining approved multifamily parcels in West
San Marcos, which now has a moratorium on development.
Several new studies we have looked at show that the rents for our duplexes
and for these new units are going to be significantly higher, roughly $1.25
per square foot if leased for the entire unit on a 12-month lease and
$1.30-$1.40 psf if leased on a 12-month term, but by individual room. This
property will have the best location for student housing of all new
projects, just as the duplexes do now.
If this project is of serious interest to you, please let me know as there
is a very, very short window of opportunity. The equity requirement is not
yet known, but it would be likely to be $300,000 to secure the land. I will
know more on this question later today.
Sincerely,
George W. Richards
President, Creekside Builders, LLC
- winmail.dat | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/157. | subject: Var, Reporting and Resources Meeting
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/04/2000
04:23 PM ---------------------------
Enron North America Corp.
From: Airam Arteaga 10/04/2000 12:23 PM
To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Ted
Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron
cc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura
Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli
Romero/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect
Subject: Var, Reporting and Resources Meeting
Please plan to attend the below Meeting:
Topic: Var, Reporting and Resources Meeting
Date: Wednesday, October 11th
Time: 2:30 - 3:30
Location: EB30C1
If you have any questions/conflicts, please feel free to call me.
Thanks,
Rain
x.31560 | phillip.allen@enron.com | ina.rangel@enron.com |
allen-p/discussion_threads/158. | subject:
content: Dave,
Here are the names of the west desk members by category. The origination
side is very sparse.
Phillip | phillip.allen@enron.com | david.delainey@enron.com |
allen-p/discussion_threads/159. | subject: Consolidated positions: Issues & To Do list
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000
02:00 PM ---------------------------
Richard Burchfield
10/06/2000 06:59 AM
To: Phillip K Allen/HOU/ECT@ECT
cc: Beth Perlman/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
Phillip,
Below is the issues & to do list as we go forward with documenting the
requirements for consolidated physical/financial positions and transport
trade capture. What we need to focus on is the first bullet in Allan's list;
the need for a single set of requirements. Although the meeting with Keith,
on Wednesday, was informative the solution of creating a infinitely dynamic
consolidated position screen, will be extremely difficult and time
consuming. Throughout the meeting on Wednesday, Keith alluded to the
inability to get consensus amongst the traders on the presentation of the
consolidated position, so the solution was to make it so that a trader can
arrange the position screen to their liking (much like Excel). What needs to
happen on Monday from 3 - 5 is a effort to design a desired layout for the
consolidated position screen, this is critical. This does not exclude
building a capability to create a more flexible position presentation for the
future, but in order to create a plan that can be measured we need firm
requirements. Also, to reiterate that the goals of this project is a project
plan on consolidate physical/financial positions and transport trade capture.
The other issues that have been raised will be capture as projects on to
themselves, and will need to be prioritised as efforts outside of this
project.
I have been involved in most of the meetings and the discussions have been
good. I believe there has been good communication between the teams, but now
we need to have focus on the objectives we set out to solve.
Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000
08:34 AM ---------------------------
Allan Severude
10/05/2000 06:03 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
From our initial set of meetings with the traders regarding consolidated
positions, I think we still have the following issues:
We don't have a single point of contact from the trading group. We've had
three meetings which brought out very different issues from different
traders. We really need a single point of contact to help drive the trader
requirements and help come to a consensus regarding the requirements.
We're getting hit with a lot of different requests, many of which appear to
be outside the scope of position consolidation.
Things left to do:
I think it may be useful to try to formulate a high level project goal to
make it as clear as possible what we're trying to accomplish with this
project. It'll help determine which requests fall under the project scope.
Go through the list of requests to determine which are in scope for this
project and which fall out of scope.
For those in scope, work to define relative importance (priority) of each and
work with traders to define the exact requirements of each.
Define the desired lay out of the position manager screen: main view and all
drill downs.
Use the above to formulate a project plan.
Things requested thus far (no particular order):
Inclusion of Sitara physical deals into the TDS position manager and deal
ticker.
Customized rows and columns in the position manager (ad hoc rows/columns that
add up existing position manager rows/columns).
New drill down in the position manager to break out positions by: physical,
transport, swaps, options, ...
Addition of a curve tab to the position manager to show the real-time values
of all curves on which the desk has a position.
Ability to split the current position grid to allow daily positions to be
shown directly above monthly positions. Each grouped column in the top grid
would be tied to a grouped column in the bottom grid.
Ability to properly show curve shift for float-for-float deals; determine the
appropriate positions to show for each:
Gas Daily for monthly index,
Physical gas for Nymex,
Physical gas for Inside Ferc,
Physical gas for Mid market.
Ability for TDS to pull valuation results based on a TDS flag instead of
using official valuations.
Position and P&L aggregation across all gas desks.
Ability to include the Gas Price book into TDS:
Inclusion of spread options in our systems. Ability to handle volatility
skew and correlations.
Ability to revalue all options incrementally throughout the trading day.
Approximate delta changes between valuations using instantaneous gamma or a
gamma grid.
Valuation of Gas Daily options.
A new position screen for options (months x strike x delta). TBD.
Inclusion of positions for exotic options currently managed in spreadsheets.
Ability to isolate the position change due to changed deals in the position
manager.
Ability to view change deal P&L in the TDS deal ticker. Show new deal terms,
prior deal terms, and net P&L affect of the change.
Eliminate change deals with no economic impact from the TDS deal ticker.
Position drill down in the position manager to isolate the impact of
individual deals on the position total in a grid cell.
Benchmark positions in TDS.
Deployment of TDS in Canada. Currency and volume uom conversions. Implicit
and explicit position break out issues.
-- Allan.
PS: Colleen is setting up a meeting tomorrow to discuss the direction for
transport. Hopefully we'll know much better where that part stands at that
point. | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/discussion_threads/16. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/04/2000
05:08 PM ---------------------------
"mary richards" <maryrichards7@hotmail.com> on 01/31/2000 02:39:43 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject:
I revised the supp-vendor sheet and have transferred the totals to the
summary sheet. Please review and let me know if this is what you had in
mind. Also, are we getting W-2 forms or what on our taxes.
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com
- Jan00Expense.xls | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/160. | subject: Consolidated positions: Issues & To Do list
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000
02:16 PM ---------------------------
Richard Burchfield
10/06/2000 06:59 AM
To: Phillip K Allen/HOU/ECT@ECT
cc: Beth Perlman/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
Phillip,
Below is the issues & to do list as we go forward with documenting the
requirements for consolidated physical/financial positions and transport
trade capture. What we need to focus on is the first bullet in Allan's list;
the need for a single set of requirements. Although the meeting with Keith,
on Wednesday, was informative the solution of creating a infinitely dynamic
consolidated position screen, will be extremely difficult and time
consuming. Throughout the meeting on Wednesday, Keith alluded to the
inability to get consensus amongst the traders on the presentation of the
consolidated position, so the solution was to make it so that a trader can
arrange the position screen to their liking (much like Excel). What needs to
happen on Monday from 3 - 5 is a effort to design a desired layout for the
consolidated position screen, this is critical. This does not exclude
building a capability to create a more flexible position presentation for the
future, but in order to create a plan that can be measured we need firm
requirements. Also, to reiterate that the goals of this project is a project
plan on consolidate physical/financial positions and transport trade capture.
The other issues that have been raised will be capture as projects on to
themselves, and will need to be prioritised as efforts outside of this
project.
I have been involved in most of the meetings and the discussions have been
good. I believe there has been good communication between the teams, but now
we need to have focus on the objectives we set out to solve.
Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000
08:34 AM ---------------------------
Allan Severude
10/05/2000 06:03 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list
From our initial set of meetings with the traders regarding consolidated
positions, I think we still have the following issues:
We don't have a single point of contact from the trading group. We've had
three meetings which brought out very different issues from different
traders. We really need a single point of contact to help drive the trader
requirements and help come to a consensus regarding the requirements.
We're getting hit with a lot of different requests, many of which appear to
be outside the scope of position consolidation.
Things left to do:
I think it may be useful to try to formulate a high level project goal to
make it as clear as possible what we're trying to accomplish with this
project. It'll help determine which requests fall under the project scope.
Go through the list of requests to determine which are in scope for this
project and which fall out of scope.
For those in scope, work to define relative importance (priority) of each and
work with traders to define the exact requirements of each.
Define the desired lay out of the position manager screen: main view and all
drill downs.
Use the above to formulate a project plan.
Things requested thus far (no particular order):
Inclusion of Sitara physical deals into the TDS position manager and deal
ticker.
Customized rows and columns in the position manager (ad hoc rows/columns that
add up existing position manager rows/columns).
New drill down in the position manager to break out positions by: physical,
transport, swaps, options, ...
Addition of a curve tab to the position manager to show the real-time values
of all curves on which the desk has a position.
Ability to split the current position grid to allow daily positions to be
shown directly above monthly positions. Each grouped column in the top grid
would be tied to a grouped column in the bottom grid.
Ability to properly show curve shift for float-for-float deals; determine the
appropriate positions to show for each:
Gas Daily for monthly index,
Physical gas for Nymex,
Physical gas for Inside Ferc,
Physical gas for Mid market.
Ability for TDS to pull valuation results based on a TDS flag instead of
using official valuations.
Position and P&L aggregation across all gas desks.
Ability to include the Gas Price book into TDS:
Inclusion of spread options in our systems. Ability to handle volatility
skew and correlations.
Ability to revalue all options incrementally throughout the trading day.
Approximate delta changes between valuations using instantaneous gamma or a
gamma grid.
Valuation of Gas Daily options.
A new position screen for options (months x strike x delta). TBD.
Inclusion of positions for exotic options currently managed in spreadsheets.
Ability to isolate the position change due to changed deals in the position
manager.
Ability to view change deal P&L in the TDS deal ticker. Show new deal terms,
prior deal terms, and net P&L affect of the change.
Eliminate change deals with no economic impact from the TDS deal ticker.
Position drill down in the position manager to isolate the impact of
individual deals on the position total in a grid cell.
Benchmark positions in TDS.
Deployment of TDS in Canada. Currency and volume uom conversions. Implicit
and explicit position break out issues.
-- Allan.
PS: Colleen is setting up a meeting tomorrow to discuss the direction for
transport. Hopefully we'll know much better where that part stands at that
point. | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/discussion_threads/161. | subject:
content: Lucy,
Here are the rentrolls:
Open them and save in the rentroll folder. Follow these steps so you don't
misplace these files.
1. Click on Save As
2. Click on the drop down triangle under Save in:
3. Click on the (C): drive
4. Click on the appropriate folder
5. Click on Save:
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/discussion_threads/162. | subject: FW: fixed forward or other Collar floor gas price terms
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/16/2000
01:42 PM ---------------------------
"Buckner, Buck" <buck.buckner@honeywell.com> on 10/12/2000 01:12:21 PM
To: "'Pallen@Enron.com'" <Pallen@Enron.com>
cc:
Subject: FW: fixed forward or other Collar floor gas price terms
Phillip,
> As discussed during our phone conversation, In a Parallon 75 microturbine
> power generation deal for a national accounts customer, I am developing a
> proposal to sell power to customer at fixed or collar/floor price. To do
> so I need a corresponding term gas price for same. Microturbine is an
> onsite generation product developed by Honeywell to generate electricity
> on customer site (degen). using natural gas. In doing so, I need your
> best fixed price forward gas price deal for 1, 3, 5, 7 and 10 years for
> annual/seasonal supply to microturbines to generate fixed kWh for
> customer. We have the opportunity to sell customer kWh 's using
> microturbine or sell them turbines themselves. kWh deal must have limited/
> no risk forward gas price to make deal work. Therein comes Sempra energy
> gas trading, truly you.
>
> We are proposing installing 180 - 240 units across a large number of
> stores (60-100) in San Diego.
> Store number varies because of installation hurdles face at small percent.
>
> For 6-8 hours a day Microturbine run time:
> Gas requirement for 180 microturbines 227 - 302 MMcf per year
> Gas requirement for 240 microturbines 302 - 403 MMcf per year
>
> Gas will likely be consumed from May through September, during peak
> electric period.
> Gas price required: Burnertip price behind (LDC) San Diego Gas & Electric
> Need detail breakout of commodity and transport cost (firm or
> interruptible).
>
> Should you have additional questions, give me a call.
> Let me assure you, this is real deal!!
>
> Buck Buckner, P.E., MBA
> Manager, Business Development and Planning
> Big Box Retail Sales
> Honeywell Power Systems, Inc.
> 8725 Pan American Frwy
> Albuquerque, NM 87113
> 505-798-6424
> 505-798-6050x
> 505-220-4129
> 888/501-3145
> | phillip.allen@enron.com | zimam@enron.com |
allen-p/discussion_threads/163. | subject:
content: Lucy,
Here are the actual utility bills versus the cap. Did we collect
these overages? Let's discuss further? Remember these bills were paid in
July and August. The usage dates are much earlier. I have the bills but I
can get them to you if need be.
Philip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/discussion_threads/164. | subject: Enron
content: Jed,
I understand you have been contacted regarding a telephone interview to
discuss trading opportunities at Enron. I am sending you this message to
schedule the interview. Please call or email me with a time that would be
convenient for you. I look forward to speaking with you.
Phillip Allen
West Gas Trading
pallen@enron.com
713-853-7041 | phillip.allen@enron.com | jedglick@hotmail.com |
allen-p/discussion_threads/165. | subject:
content: Bob,
Regarding Patti Sullivan's contributions to the west desk this year, her
efforts deserve recognition and a PBR award. Patti stepped up to fill the
gap left by Randy Gay's personal leave. Patti held together the scheduling
group for about 2 month's by working 7days a week during this time. Patti
was always the first one in the office during this time. Frequently, she
would be at work before 4 AM to prepare the daily operation package. All the
traders came to depend on the information Patti provided. This information
has been extremely critical this year due to the pipeline explosion and size
of the west desk positions.
Please call to discuss cash award.
Phillip | phillip.allen@enron.com | bob.m.hall@enron.com |
allen-p/discussion_threads/166. | subject: Investment Structure
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/24/2000
01:29 PM ---------------------------
"George Richards" <cbpres@austin.rr.com> on 09/26/2000 01:18:45 PM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>, "Claudia L. Crocker"
<clclegal2@aol.com>
Subject: Investment Structure
STRUCTURE:
Typically the structure is a limited partnership with a corporate (or LLC)
general partner. The General Partner owns 1% of the project and carries the
liability of construction.
LAND OWNERSHIP & LOANS
The property would be purchased in the name of the limited partnership and
any land loans, land improvements loans and construction loans would be in
the name of the limited partnership. Each of the individual investors and
all of the principals in Creekside would also personally guarantee the
loans. If the investor(s) do not sign on the loans, this generally means
that a larger amount of cash is required and the investor's share of profits
is reduced.
All loans for residential construction, that are intended for re-sale, are
full recourse loans. If we are pursuing multifamily rental developments,
the construction loans are still full recourse but the mortgage can often be
non-recourse.
USE OF INITIAL INVESTMENT
The initial investment is used for land deposit, engineering &
architectural design, soils tests, surveys, filing fees, legal fees for
organization and condominium association formation, and appraisals. Unlike
many real estate investment programs, none of the funds are used for fees to
Creekside Builders, LLC. These professional expenses will be incurred over
the estimated 6 month design and approval period.
EARLY LAND COSTS
The $4,000 per month costs listed in the cash flow as part of land cost
represent the extension fees due to the seller for up to 4 months of
extensions on closing. As an alternative, we can close into a land loan at
probably 70% of appraised value. With a land value equal to the purchase
price of $680,000 this would mean a land loan of $476,000 with estimated
monthly interest payments of $3,966, given a 10% annual interest rate, plus
approximately 1.25% of the loan amount for closing costs and loan fees.
EQUITY AT IMPROVEMENT LOAN
Once the site plan is approved by the City of Austin, the City will require
the development entity to post funds for fiscal improvements, referred to as
the "fiscals". This cost represents a bond for the completion of
improvements that COA considers vital and these funds are released once the
improvements have been completed and accepted by COA. This release will be
for 90% of the cost with the remaining 10% released one year after
completion. Releases can be granted once every 90 days and you should
expect that the release would occur 6 months after the start of lot
improvement construction. These fiscals are usually posted in cash or an
irrevocable letter of credit. As such, they have to be counted as a
development cost, even though they are not spent. Because they are not
spent no interest is charged on these funds.
The lot improvement loan is typically 75% of the appraised value of a
finished lot, which I suspect will be at least $20,000 and potentially as
high as $25,000. This would produce a loan amount of $15,000 on $20,000
per lot. With estimated per lot improvement costs of $9,000, 'fiscals' at
$2,000 and the land cost at $8,000 , total improved lot cost is $19,000
which means $0 to $4,000 per lot in total equity. The investment prior to
obtaining the improvement loan would count towards any equity requirement
provided it was for direct costs. Thus, the additional equity for the
improvement loan would be $0-$184,000. Even if the maximum loan would
cover all costs, it is unlikely the bank would allow reimbursement of funds
spent. The higher estimates of equity investments are shown in the
preliminary proforma to be on the safe side. The engineer is preparing a
tentative site layout with an initial evaluation of the phasing, which can
significantly reduce the cash equity requirement.
Phasing works as follows. If the first phase was say 40 units, the total
lot improvement cost might average $31,000 per lot. Of this, probably
$13,000 would be for improvements and $19,000 for the land cost. The
improvements are higher to cover large one time up front costs for design
costs, the entry road, water treatment costs, perimeter fencing and
landscaping, and so on, as well as for 100% of the land. The land loan for
undeveloped lots would be 70% of the appraised raw lot value, which I would
estimate as $10,000 per lot for a loan value of $7,000 per lot. Then the
loan value for each improved lot would be $15,000 per lot. This would give
you a total loan of $992,000, total cost of $1,232,645 for equity required
of $241,000. This was not presented in the initial analysis as the phasing
is depended on a more careful assessment by the Civil Engineer as the
separate phases must each be able to stand on its own from a utility
standpoint.
CONSTRUCTION LOANS
There are three types of construction loans. First, is a speculative
(spec) loan that is taken out prior to any pre-sales activity. Second, is
a construction loan for a pre-sold unit, but the loan remains in the
builder/developers name. Third, is a pre-sold unit with the construction
loan in the name of the buyer. We expect to have up to 8 spec loans to
start the project and expect all other loans to be pre-sold units with loans
in the name of the builder/developer. We do not expect to have any
construction loans in the name of the buyers, as such loans are too
difficult to manage and please new buyers unfamiliar with the process.
Spec loans will be for 70% to 75% of value and construction loans for
pre-sold units, if the construction loan is from the mortgage lender, will
be from 80% to 95% of value.
DISBURSEMENTS
Disbursements will be handled by the General Partner to cover current and
near term third party costs, then to necessary reserves, then to priority
payments and then to the partners per the agreement. The General Partner
will contract with Creekside Builders, LLC to construct the units and the
fee to CB will include a construction management and overhead fee equal to
15% of the direct hard cost excluding land, financing and sales costs.
These fees are the only monies to Creekside, Larry Lewter or myself prior to
calculation of profit, except for a) direct reimbursement for partnership
expenses and b) direct payment to CB for any subcontractor costs that it has
to perform. For example, if CB cannot find a good trim carpenter sub, or
cannot find enough trim carpenters, etc., and it decides to undertake this
function, it will charge the partnership the same fee it was able to obtain
from third parties and will disclose those cases to the partnership.
Finally, CB will receive a fee for the use of any of its equipment if it is
used in lieu of leasing equipment from others. At present CB does not own
any significant equipment, but it is considering the purchase of a sky track
to facilitate and speed up framing, cornice, roofing and drywall spreading.
REPORTING
We are more than willing to provide reports to track expenses vs. plan.
What did you have in mind? I would like to use some form of internet based
reporting.
BOOKKEEPING
I am not sure what you are referring to by the question, "Bookkeeping
procedures to record actual expenses?" Please expand.
INVESTOR INPUT
We are glad to have the investor's input on design and materials. As always
the question will be who has final say if there is disagreement, but in my
experience I have always been able to reach consensus. As you, and I presume
Keith, want to be involved to learn as much as possible we would make every
effort to be accommodating.
CREEKSIDE PROCEEDURES
CB procedures for dealing with subs, vendors and professionals is not as
formal as your question indicates. In the EXTREMELY tight labor market
obtaining 3 bids for each labor trade is not feasible. For the professional
subs we use those with whom we have developed a previous rapport. Finally,
for vendors they are constantly shopped.
PRE-SELECTED PROFESSIONALS, SUBS AND VENDORS
Yes there are many different subs that have been identified and I can
provide these if you are interested.
I know I have not answered everything, but this is a starting point. Call
when you have reviewed and we can discuss further.
Sincerely,
George Richards
President, Creekside Builders, LLC
- winmail.dat | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/discussion_threads/167. | subject:
content: Andy,
I spoke to John L. and he ok'd one of each new electronic system for the
west desk. Are there any operational besides ICE and Dynegy? If not, can
you have your assistant call me with id's and passwords.
Thank you,
Phillip | phillip.allen@enron.com | andy.zipper@enron.com |
allen-p/discussion_threads/168. | subject:
content: Bob,
Patti Sullivan held together the scheduling group for two months while Randy
Gay was on a personal leave. She displayed a tremendous amount of commitment
to the west desk during that time. She frequently came to work before 4 AM
to prepare operations reports. Patti worked 7 days a week during this time.
If long hours were not enough, there was a pipeline explosion during this
time which put extra volatility into the market and extra pressure on Patti.
She didn't crack and provided much needed info during this time.
Patti is performing the duties of a manager but being paid as a sr.
specialist. Based on her heroic efforts, she deserves a PBR. Let me know
what is an acceptable cash amount.
Phillip | phillip.allen@enron.com | bob.m.hall@enron.com |
allen-p/discussion_threads/169. | subject:
content: George,
The San Marcos project is sounding very attractive. I have one other
investor in addition to Keith that has interest. Some additional background
information on Larry and yourself would be helpful.
Background Questions:
Please provide a brief personal history of the two principals involved in
Creekside.
Please list projects completed during the last 5 years. Include the project
description, investors, business entity,
Please provide the names and numbers of prior investors.
Please provide the names and numbers of several subcontractors used on
recent projects.
With regard to the proposed investment structure, I would suggest a couple
of changes to better align the risk/reward profile between Creekside and the
investors.
Preferable Investment Structure:
Developers guarantee note, not investors.
Preferred rate of return (10%) must be achieved before any profit sharing.
Builder assumes some risk for cost overruns.
Since this project appears so promising, it seems like we should
tackle these issues now. These questions are not intended to be offensive in
any way. It is my desire to build a successful project with Creekside that
leads to future opportunities. I am happy to provide you with any
information that you need to evaluate myself or Keith as a business partner.
Sincerely,
Phillip Allen | phillip.allen@enron.com | cbpres@austin.rr.com |
allen-p/discussion_threads/17. | subject: RE: W basis quotes
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/09/2000
10:27 AM ---------------------------
"George Rahal" <george.rahal@acnpower.com> on 02/07/2000 03:13:58 PM
To: <Phillip_K_Allen@enron.com>
cc:
Subject: RE: W basis quotes
I'll get back to them on this. I know we have sent financials to Clinton
Energy...I'll check to see if this is enough. In the meantime, is it
possible to show me indications on the quotes I asked for? Please advise.
George
George Rahal
Manager, Gas Trading
ACN Power, Inc.
7926 Jones Branch Drive, Suite 630
McLean, VA 22102-3303
Phone (703)893-4330 ext. 1023
Fax (703)893-4390
Cell (443)255-7699
> -----Original Message-----
> From: Phillip_K_Allen@enron.com [mailto:Phillip_K_Allen@enron.com]
> Sent: Monday, February 07, 2000 5:54 PM
> To: george.rahal@acnpower.com
> Subject: Re: W basis quotes
>
>
>
> George,
>
> Can you please call my credit desk at 713-853-1803. They have not
> received any financials for ACN Power.
>
> Thanks,
>
> Phillip Allen
>
> | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/discussion_threads/170. | subject:
content: We linked the file you sent us to telerate and we replace >40000 equals $250
to a 41.67 heat rate. We applied forward gas prices to historical loads. I
guess this gives us a picture of a low load year and a normal load year.
Prices seem low. Looks like November NP15 is trading above the cap based on
Nov 99 loads and current gas prices. What about a forecast for this November
loads.
Let me know what you think.
Phillip | phillip.allen@enron.com | jeff.richter@enron.com, robert.badeer@enron.com, tim.belden@enron.com |
allen-p/discussion_threads/171. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/27/2000
10:47 AM ---------------------------
From: Phillip K Allen 10/27/2000 08:30 AM
To: Jeff Richter/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT
cc:
Subject:
We linked the file you sent us to telerate and we replace >40000 equals $250
to a 41.67 heat rate. We applied forward gas prices to historical loads. I
guess this gives us a picture of a low load year and a normal load year.
Prices seem low. Looks like November NP15 is trading above the cap based on
Nov 99 loads and current gas prices. What about a forecast for this November
loads.
Let me know what you think.
Phillip | phillip.allen@enron.com | jeff.richter@enron.com |
allen-p/discussion_threads/172. | subject: ERMS / RMS Databases
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/30/2000
09:14 AM ---------------------------
Enron Technology
From: Stephen Stock 10/27/2000 12:49 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: ERMS / RMS Databases
Phillip,
It looks as though we have most of the interim hardware upgrades in the
building now, although we are still expecting a couple of components to
arrive on Monday.
The Unix Team / DBA Team and Applications team expect to have a working test
server environment on Tuesday. If anything changes, I'll let you know.
best regards
Steve Stock | phillip.allen@enron.com | vladimir.gorny@enron.com |
allen-p/discussion_threads/173. | subject: November fixed-price deals
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/31/2000
12:11 PM ---------------------------
liane_kucher@mcgraw-hill.com on 10/31/2000 09:57:05 AM
To: Phillip.K.Allen@enron.com
cc:
Subject: November fixed-price deals
Phil,
Thanks so much for pulling together the November bidweek information for the
West and getting it to us with so much detail well before our deadline. Please
call me if you have any questions, comments, and/or concerns about bidweek.
Liane Kucher, Inside FERC Gas Market Report
202-383-2147 | phillip.allen@enron.com | anne.bike@enron.com |
allen-p/discussion_threads/174. | 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 |
allen-p/discussion_threads/175. | 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/discussion_threads/176. | 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/discussion_threads/177. | 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/discussion_threads/178. | 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/discussion_threads/179. | 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/discussion_threads/18. | subject: Re: Newsgroups
content: >What other cool newsgroups are available for us alternative thinkers?
>Rammed Earth, Cob, etc?
>
We have a list of our favorites at
http://www.greenbuilder.com/general/discussion.html
(and we're open to more suggestions)
BC
Bill Christensen
billc@greenbuilder.com
Green Homes For Sale/Lease: http://www.greenbuilder.com/realestate/
Green Building Pro Directory: http://www.greenbuilder.com/directory/
Sustainable Bldg Calendar: http://www.greenbuilder.com/calendar/
Sustainable Bldg Bookstore: http://www.greenbuilder.com/bookstore | billc@greenbuilder.com | strawbale@crest.org |
allen-p/discussion_threads/180. | 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/discussion_threads/181. | 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/discussion_threads/182. | 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/discussion_threads/183. | 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/discussion_threads/184. | 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/discussion_threads/185. | 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/discussion_threads/186. | subject: rent roll
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/28/2000
05:48 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 11/28/2000 01:02:22 PM
To: pallen@enron.com
cc:
Subject: rent roll
______________________________________________________________________________
_______
Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com
- rentroll_1124.xls | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/187. | subject: Enron's December physical fixed price deals as of 11/28/00
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/29/2000
10:01 AM ---------------------------
Anne Bike@ENRON
11/28/2000 09:04 PM
To: pallen70@hotmail.com, prices@intelligencepress.com, lkuch@mh.com
cc: Darron C Giron/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Monique
Sanchez/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
Subject: Enron's December physical fixed price deals as of 11/28/00
Attached please find the spreadsheet containing the above referenced
information. | phillip.allen@enron.com | frank.ermis@enron.com |
allen-p/discussion_threads/188. | subject:
content: Lucy,
Here is a rentroll for this week. The one you sent for 11/24 looked good.
It seems like most people are paying on time. Did you rent an efficiency to
the elderly woman on a fixed income? Go ahead a use your judgement on the
rent prices for the vacant units. If you need to lower the rent by $10 or
$20 to get things full, go ahead.
I will be out of the office on Thursday. I will talk to you on Friday.
Phillip | phillip.allen@enron.com | stagecoachmama@hotmail.com |
allen-p/discussion_threads/189. | subject: SM134
content: [IMAGE]
Phillip:
Please excuse my oversight is not getting the proforma back to you in a
usable format.? I did not realize that I had selected winmail.dat rather than
sending it as an attachment.?? Then, I did not notice that I had overlooked
your email until today. ??That spread sheet is attached and an updated
proforma will go out to you this evening or tomorrow morning with a timeline.
?
George W. Richards
Creekside Builders, LLC
?
- image001.jpg
- image001.jpg
- SM134 Proforma.xls | cbpres@austin.rr.com | pallen@enron.com |
allen-p/discussion_threads/19. | subject: RE: W basis quotes
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/11/2000
12:31 PM ---------------------------
"George Rahal" <george.rahal@acnpower.com> on 02/07/2000 03:13:58 PM
To: <Phillip_K_Allen@enron.com>
cc:
Subject: RE: W basis quotes
I'll get back to them on this. I know we have sent financials to Clinton
Energy...I'll check to see if this is enough. In the meantime, is it
possible to show me indications on the quotes I asked for? Please advise.
George
George Rahal
Manager, Gas Trading
ACN Power, Inc.
7926 Jones Branch Drive, Suite 630
McLean, VA 22102-3303
Phone (703)893-4330 ext. 1023
Fax (703)893-4390
Cell (443)255-7699
> -----Original Message-----
> From: Phillip_K_Allen@enron.com [mailto:Phillip_K_Allen@enron.com]
> Sent: Monday, February 07, 2000 5:54 PM
> To: george.rahal@acnpower.com
> Subject: Re: W basis quotes
>
>
>
> George,
>
> Can you please call my credit desk at 713-853-1803. They have not
> received any financials for ACN Power.
>
> Thanks,
>
> Phillip Allen
>
> | phillip.allen@enron.com | keith.holst@enron.com |
allen-p/discussion_threads/190. | subject: New Generation, Nov 30th
content: ---------------------- 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 | tim.belden@enron.com | phillip.allen@enron.com |
allen-p/discussion_threads/191. | subject: Headcount
content: Financial (6)
West Desk (14)
Mid Market (16) | ina.rangel@enron.com | amanda.huble@enron.com |
allen-p/discussion_threads/192. | subject:
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/06/2000
04:04 PM ---------------------------
"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 12/05/2000 08:34:54 AM
To: pallen@enron.com
cc:
Subject:
Phillip,
How are you and how is everyone? I sent you the rent roll #27 is
moving out and I wknow that I will be able to rent it real fast.All I HAVE
TO DO IN there is touch up the walls .Four adults will be moving in @130.00
a wk and 175.00 deposit they will be in by Thursday or Friday.
Thank You , Lucy
______________________________________________________________________________
_______
Get more from the Web. FREE MSN Explorer download : http://explorer.msn.com
- rentroll_1201.xls | phillip.allen@enron.com | pallen70@hotmail.com |
allen-p/discussion_threads/193. | subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
content: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/07/2000
09:08 AM ---------------------------
Jeff Richter
12/07/2000 06:31 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
tors Visit AES,Dynegy Off-Line Power Plants
---------------------- Forwarded by Jeff Richter/HOU/ECT on 12/07/2000 08:38
AM ---------------------------
Carla Hoffman
12/07/2000 06:19 AM
To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff
Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT
cc:
Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
tors Visit AES,Dynegy Off-Line Power Plants
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/07/2000 06:29
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
12/07/2000 06:11 AM
To: undisclosed-recipients:;
cc:
Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
tors Visit AES,Dynegy Off-Line Power Plants
13:18 GMT 7 December 2000 DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts
Wed -Sources
(This article was originally published Wednesday)
LOS ANGELES (Dow Jones)--The California Independent System Operator paid
about $10 million Wednesday for 1,000 megawatts of power from Powerex and
still faced a massive deficit that threatened electricity reliability in the
state, high-ranking market sources familiar with the ISO's operation told
Dow Jones Newswires.
But the ISO fell short of ordering rolling blackouts Wednesday for the third
consecutive day.
The ISO wouldn't comment on the transactions, saying it is sensitive market
information. But sources said Powerex, a subsidiary of British Columbia
Hydro & Power Authority (X.BCH), is the only energy company in the Northwest
region with an abundant supply of electricity to spare and the ISO paid
about $900 a megawatt-hour from the early afternoon through the evening.
But that still wasn't enough juice.
The Los Angeles Department of Water and Power sold the ISO 1,200 megawatts
of power later in the day at the wholesale electricity price cap rate of
$250/MWh. The LADWP, which is not governed by the ISO, needs 3,800 megawatts
of power to serve its customers. It is free sell power instate above the
$250/MWh price cap.
The LADWP has been very vocal about the amount of power it has to spare. The
municipal utility has also reaped huge profits by selling its excess power
into the grid when supply is tight and prices are high. However, the LADWP
is named as a defendant in a civil lawsuit alleging price gouging. The suit
claims the LADWP sells some of its power it gets from the federal Bonneville
Power Administration, which sells hydropower at cheap rates, back into the
market at prices 10 times higher.
Powerex officials wouldn't comment on the ISO power sale, saying all
transactions are proprietary. But the company also sold the ISO 1,000
megawatts Tuesday - minutes before the ISO was to declare rolling blackouts
- for $1,100 a megawatt-hour, market sources said.
The ISO, whose main job is to keep electricity flowing throughout the state
no matter what the cost, started the day with a stage-two power emergency,
which means its operating reserves fell to less than 5%. The ISO is having
to compete with investor-owned utilities in the Northwest that are willing
to pay higher prices for power in a region where there are no price caps.
The ISO warned federal regulators, generators and utilities Wednesday during
a conference call that it would call a stage-three power emergency
Wednesday, but wouldn't order rolling blackouts. A stage three is declared
when the ISO's operating reserves fall to less than 1.5% and power is
interrupted on a statewide basis to keep the grid from collapsing.
But ISO spokesman Patrick Dorinson said it would call a stage three only as
a means of attracting additional electricity resources.
"In order to line up (more power) we have to be in a dire situation,"
Dorinson said.
Edison International unit (EIX) Southern California Edison, Sempra Energy
unit (SRE) San Diego Gas & Electric, PG&E Corp. (PCG) unit Pacific Gas &
Electric and several municipal utilities in the state will share the cost of
the high-priced power.
SoCal Edison and PG&E are facing a debt of more than $6 billion due to high
wholesale electricity costs. The utilities debt this week could grow by
nearly $1 billion, analysts said. It's still unclear whether retail
customers will be forced to pay for the debt through higher electricity
rates or if companies will absorb the costs.
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com
(END) Dow Jones Newswires 07-12-00
1318GMT Copyright (c) 2000, Dow Jones & Company Inc
13:17 GMT 7 December 2000 DJ Calif ISO, PUC Inspect Off-line Duke South Bay
Pwr Plant
(This article was originally published Wednesday)
LOS ANGELES (Dow Jones)--Representatives of the California Independent
System Operator and Public Utilities Commission inspected Duke Energy
Corp.'s (DUK) off-line 700-MW South Bay Power Plant in Chula Vista, Calif.,
Wednesday morning, a Duke spokesman said.
The ISO and PUC have been inspecting all off-line power plants in the state
since Tuesday evening to verify that those plants are shut down for the
reasons generators say they are, ISO spokesman Pat Dorinson said.
About 11,000 MW of power has been off the state's power grid since Monday,
7,000 MW of which is off-line for unplanned maintenance, according to the
ISO.
The ISO manages grid reliability.
As previously reported, the ISO told utilities and the Federal Energy
Regulatory Commission Wednesday that it would call a stage three power alert
at 5 PM PST (0100 GMT Thursday), meaning power reserves in the state would
dip below 1.5% and rolling blackouts could be implemented to avoid grid
collapse. However, the ISO said the action wouldn't result in rolling
blackouts.
The ISO and PUC also inspected Tuesday plants owned by Dynegy Inc (DYN),
Reliant Energy Inc. (REI) and Southern Energy Inc (SOE).
Duke's 1,500-MW Moss Landing plant was also inspected by PUC representatives
in June, when some units were off-line for repairs, the Duke spokesman said.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872;
jessica.berthold@dowjones.com
(END) Dow Jones Newswires 07-12-00
1317GMT Copyright (c) 2000, Dow Jones & Company Inc
13:17 GMT 7 December 2000 =DJ Calif Regulators Visit AES,Dynegy Off-Line
Power Plants
(This article was originally published Wednesday)
By Jessica Berthold
Of DOW JONES NEWSWIRES
LOS ANGELES (Dow Jones)--AES Corp. (AES) and Dynegy Inc. (DYN) said
Wednesday that representatives of California power officials had stopped by
some of their power plants to verify that they were off line for legitimate
reasons.
The California Independent System Operator, which manages the state's power
grid and one of its wholesale power markets, and the California Public
Utilities Commission began on-site inspections Tuesday night of all power
plants in the state reporting that unplanned outages have forced shutdowns,
ISO spokesman Pat Dorinson said.
The state has had 11,000 MW off the grid since Monday, 7,000 MW for
unplanned maintenance. The ISO Wednesday called a Stage 2 power emergency
for the third consecutive day, meaning power reserves were below 5% and
customers who agreed to cut power in exchange for reduced rates may be
called on to do so.
As reported earlier, Reliant Energy (REI) and Southern Energy Inc. (SOE)
said they had been visited by representatives of the ISO and PUC Tuesday
evening.
Representatives of the two organizations also visited plants owned by AES
and Dynegy Tuesday evening.
AES told the visitors they couldn't perform an unannounced full inspection
of the company's 450-megawatt Huntington Beach power station until Wednesday
morning, when the plant's full staff would be present, AES spokesman Aaron
Thomas said.
Thomas, as well as an ISO spokesman, didn't know whether the representatives
returned Wednesday for a full inspection.
AES Units Down Due To Expired Emissions Credits
The Huntington Beach facility and units at two other AES facilities have
used up their nitrogen oxide, or NOx, emission credits. They were taken down
two weeks ago in response to a request by the South Coast Air Quality
Management District to stay off line until emissions controls are deployed,
Thomas said.
AES has about 2,000 MW, or half its maximum output, off line. The entire
Huntington plant is off line, as is 1,500 MW worth of units at its Alamitos
and Redondo Beach plants.
The ISO has asked AES to return its off line plants to operations, but AES
has refused because it is concerned the air quality district will fine the
company $20 million for polluting.
"We'd be happy to put our units back, provided we don't get sued for it,"
Thomas said. "It's not clear to us that the ISO trumps the air quality
district's" authority.
As reported, a spokesman for the air quality district said Tuesday that AES
could have elected to buy more emission credits so that it could run its off
line plants in case of power emergencies, but choose not to do so.
Dynegy's El Segundo Plant Also Visited By PUC
Dynegy Inc. (DYN) said the PUC visited its 1,200 MW El Segundo plant Tuesday
evening, where two of the four units, about 600 MW worth, were off line
Wednesday.
"I guess our position is, 'Gee, we're sorry you don't believe us, but if you
need to come and take a look for yourself, that's fine,'" said Dynegy
spokesman Lynn Lednicky.
Lednicky said one of the two units was off line for planned maintenance and
the other for unplanned maintenance on boiler feedwater pumps, which could
pose a safety hazard if not repaired.
"We've been doing all we can to get back in service," Lednicky said. "We
even paid to have some specialized equipment expedited."
Lednicky added that the PUC seemed satisfied with Dynegy's explanation of
why its units were off line.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872,
jessica.berthold@dowjones.com
(END) Dow Jones Newswires 07-12-00
1317GMT Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer. | phillip.allen@enron.com | mike.grigsby@enron.com, keith.holst@enron.com, frank.ermis@enron.com |
allen-p/discussion_threads/194. | subject: System Development
content: Can you please review the following systems presented in this spreadsheet for
your group and let us know if you in fact use all these systems. The West
Gas includes West Gas Trading, West Gas Originations, and the Denver piece
combined. Also, we need for you to give us the breakout for the applicable
groups. Please let me know if you have any questions.
Tiffany Miller
5-8485 | tiffany.miller@enron.com | phillip.allen@enron.com, barry.tycholiz@enron.com |
allen-p/discussion_threads/195. | subject:
content: Lucy,
Here is a final 12/01 rentroll for you to save. My only questions are:
1. Neil Moreno in #21-he paid $120 on 11/24, but did not pay anything on
12/01. Even if he wants to swich to bi-weekly, he needs to pay at the
beginning
of the two week period. What is going on?
2. Gilbert in #27-is he just late?
Here is a file for 12/08. | phillip.allen@enron.com | stagecoachmama@hotmail.com |
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