postbot/aeslc_kw huggingface dataset:
Subject: EES revenue through customer DSM projects

Vince:  Have you or a member of your group had a chance to look over the forwarded = e-mail yet?
We have a meeting on Thursday with another potential client wh= o plans to use his own capital.
His capital budgeting issues are similar t= o those of the client who prompted my original e-mail.
The more DSM projects that we can help the client get approved, the more DS= M savings we can share with the client.
These DSM projects can turn a reta= il commodity contract with low profitability into a substantially more prof= itable contract for us.
Would one of your GARCH analyses provide us with a quantitative solution?
= One of your experts in differential equations might have devised something.=   We'd really like to have something quantitative if you think it's at all = possible.
Thanks,
Subject: Data for Moody's RiskCalc

Iris  From the initial work that I Ben and I have done, data availability for the Moody's model is relatively good for European companies.
However, there are problems for certain jurisdictions (e.g., the Netherlands) where reporting requirements are low.
Also, all newly established entities with no accounts cannot be priced.
You may be aware that S&P has a similar model.
You can find the description at www.creditmodel.com.
We met with S&P earlier this morning and they will give us logins that I will forward to you.
I have not looked at the details, but it appears to me that the Moody's model could be more relevant for our purposes as the S&P model is calibrated of companies that S&P has rated, whereas Moody's has actually got data not only retsricted to the firms they rate.
Moreover, the S&P threshold USD 100m) is very high.
For US counterparties, there may be a problem as private US firms do not need to publish accounts.
In any case, quality data is probably one of the most important issues to be resolved going ahead, and this is likely to define what companies we will be able to price and influence model selection.
Therefore when you (or someone else) examines potential data sources/vendors please keep Eric Kirkpatrick and Mike Mumford in the loop to ensure full co-ordination  Regards
Subject: Movie Trading

this is Rich's document I mentioned in the previous e-mail.
(Most parts of it are similar to the idea I proposed to them in the middle of last week.)
:-)
Subject: EOL Crude Transactions

Tom has extracted the crude trades from Clayton's database.
A spreadsheet is available in O:\Research\Common\From_BobLee\crudewti.eol.get.
We are working on a cleaner version, but this should allow everyone to get a view of the data we have.
The attachment below has a description of the data fields in the spreadsheet.
If you have ideas on how we should analyze this, let Tom or I know.
Bob Lee
Subject: Slides for SIAM Workshop

Dear Dr. Kaminsky,   I was in SIAM Workshop last Friday and I enjoyed  your talk very much.
I wonder whether you will be able to email the  material you have presented and also give me some references to start  with.
My Background is B.S.
M.A.
in Math, Ph.D. in Fluid Mechanics,  2 yrs Post Doc doing Computational fluid dynamics in parallel machines (IBM  SP).
For the past 4 yrs I am doing the Basin Simulation development with  Mobil.
I always wonder how  the financial problems can be solved and  how the numerical computing, especially, supercomputers, can be applied to these  problems.
Your talk is a very good starting place for me.
Thank you very much.
Best Regards,
Subject: EOL Crude Oil Data

I must apologize regarding the lateness of this e-mail.
I sent the Excel file with crude oil data as an e-mail attachment earlier this afternoon, and when I checked my mail just now, I discovered that it had been rejected because of its size.
I have reduced the amount of data somewhat by using the following limitations: WTI Crude Oil swap transactions only, starting from January 1, 2001, with delivery in the USA.
This allowed me to get rid of some unnecessary fields.
Please note that there are no calendar spread options or basis options included in the data, and, as this is from Clayton's database, it does not include failed trades or limit-order trades.
The Excel file ("Crude Data") can be found in:  O:\_Dropbox\Tom Barkley  I have started looking at the data already, but it does not seem possible to plot all 24000+ points in one Excel chart.
I hope this helps.
Tom
Subject: Presentation Slides

Dr. kaminski,  I enjoyed the presentation you gave at the SIAM conference this friday and would appreciate the a copy of the slides that you were using.
Thank you.
Sincerely,
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Subject: Risk Profile and Liability Mitigation Product

Please find attached a Scope of Services document and a list of projects which have been implemented with current EES customers.
The Scope of Services document is designed to show the types of projects, operations and maintenance, and facilities management services that EESO typically offers to its customers based on their industry segment.
The projects and services offered are very similar across segments and customers, but their level of deployment varies significantly from segment to segment.
Certain segments were grouped together because the EESO offering would feature similar assets and services.
SIC Codes were given for each segment to represent the types of customers that comprise each segment.
The list of projects represents general categories from which more specific projects will be tailored to fit the clients needs.
This project list represents assets that have been approved by the DSM Desk and was queried from PCCS.
The Operations and Maintenance services can be applied to any energy-related assets and was compiled from term sheets and IAM.
Generally those activities have been limited to a few industrial outsourcing deals including Springs, Polaroid and recently Eli Lilly.
Facilities Management is usually outsourced via IPT or through the adoption of existing vendor contracts and can involve repair and maintenance for all assets.
Generally this type of activity has been focused on the retail/real estate segment.
Cheryl, pls set up a meeting with Harris, Clayton, Bouillion, Jones and Kaminski to discuss this and an action plan to develop a liability mitigation product.
I will re-present the original product concept at the meeting.
Would like to see the meeting take place late next week.
Thanks.
Subject: SIAM workshop followup

Vince, I enjoyed your presentation at the SIAM workshop last Friday.
I have a much greater appreciation for the difficult problems you all solve.
If at all possible, I would like to get a copy of your talk and any references to review papers in the general area of market modeling and potentially control.
Have a great weekend.
Best Regards,
Subject: 1 factor HJM for the propane project

Stinson,  Here is the 1 factor HJM model for curve simulation originally designed for a Coal Plant valuation.
This techniques is useful for all kinds of curves, especially when we  do not have the quality data to estimate other factors.
(situations where only volatility curve is availiable).
Let me know if you have any questions.
Zimin
Subject: Access Groups and Members for O:\Research and Subfolders

The Research Group is conducting an access audit for its directory and subfolders.
I would appreciate receiving a list of access groups and their members for the O:\Research directory and subfolders.
If there were a way to list what kind of access each group has for each folder (or at least which groups have Modify access), it would be great.
I have already spoken with Sandra Hart who has begun the process.
Thank you for your assistance in our effort to maintain the integrity and security of our data.
Regards,
Subject: An Inbound Message For You Has Been Quarantined

You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment.
Your e-mail has been quarantined and is being held at the MailSweeper server.
Sender:  Darci.Gustafson@truequote.com
Subject: Any Interest?

Vince:  I received this resume today.
Would you take a look at it and let me know if you would be interested in talking with him?
Thanks,
Subject: Breifing Ken Lay on President Bush's Tax Proposal

Vince,   I was surprised at your comments in today's PRC meeting.
It must be my oversight for not sending you a copy of the briefing material that we provided Ken Lay for his trip to the White House.
I spoke with Steve Kean after the meeting and he was pleased with our group's contribution.
I thought you also had an opportunity to speak with Steve.
Maureen
Subject: Briefing Ken Lay

Vince,   I would like to respond to the discussion that we had today.
It probably would have been more accurate to characterize my work for Ken Lay as a "briefing" rather than as a "speech".
When I said I wrote a speech, I meant "I prepared presentation material" for him to use for his speaking engagement.
I thought that "writing a speech" and "preparing a presentation" is OK to use interchangeably in the English language.
In my review I stated as an accomplishment, " I worked with the Chairman of Enron, Ken Lay, briefing him on President Bush's tax proposals helping him prepare for a trip to the White House along with Steve Kean."
However, I think the results are the same.
Ken Lay and Steve Kean were pleased with our contribution.
To me this was an accomplishment not only for me, but our group, and I would hope The Reseach Department.
For you to say that my misuse of the English language "undermines my credibility", however, is a bit strong and I do not agree.
I pride myself in is my honesty.
Maureen
Subject: Decision making opportunities

Dear Vince:  I hope you have liked the short paper on decision making I sent you a week ago.
It emphasizes the human nature of the process of decision making.
I personally believe that this line of reasoning is systematically neglected by the investment and trading communities.
I think that many of the great traders and investors are very well aware of these limitations of human mind and are making efforts to utilize them.
For example you may encounter similar ideas in the George Soros' book "The Alchemy of Finance".
I am certain that developing and expertise in this area bears a tremendous potential for improving  Enron's trading operations and will give us an edge with respect  to other trading powerhouses.
Do you think there are desks at Enron that may be interested in developing a system of procedures that leads to improving our trading performance?
I will be extremely interested in working in this field.
By the way I have already gathered many of  the basic pieces of information needed for such an undertaking.
As a beginning I may make an overview of the literature available on decision biases and list as many of them as possible.
Indeed, the mind traps mentioned in the paper are not the only ones.
Later we may discuss with our clients possibilities for quantifying the influence of a selected group of these biases on the performance of our traders.
Still later, a set of questionnaries, a system for keeping trader's perceptions prior to every act of decion making, and the result of the decision will be created, etc.
I envision the final product to be a self-educating trading system learning from every single experience, both positive and negative and utilizing the history of the decision maker to her best benefit.
After some transition period, the result should be a more enlightened process of decision making of our traders, stripped as much as possible from the common psychological biases and utilizing human judgment--the very thing which differentiates the good trader from the computer (or the bad trader, for that matter).
Subject: EGM Charges for Avistar

Vince,  I have gotten notice from EGM that they want to charge your cost center for the use of a weather research system named Avistar that someone is your group is using.
The plan is to allocate part of the depreciation of the asset to your cost center.
The total cost will be $10,583 over a 3-year period so the cost will not be significant, but I wanted to be sure you were aware of and approved of this charge.
Please let me know.
Thanks,
Subject: EOL Pricing Algorithm Update

Hi  I've attached a couple of files summarizing our progress and current status on modeling the bid-ask spread.
The first summarizes characterization of the EOL Crude data and the second describes a bid-ask spread model based on options theory developed by Zimin (The figure from the paper is included separately).
I am now setting up an Excel spreadsheet to test this model with the EOL data.
Let me know when you would like to meet to review this.
Thanks, Bob Lee
Subject: EPRM 2001 Europe

Dear Vince,  It is my pleasure to invite you to speak again at "EPRM 2001 Europe", Energy & Power Risk Management magazine's fourth annual European energy risk management congress which will be taking place in Amsterdam on 6 & 7 September 2001.
As you know, last year's congress attracted over 200 attendees and provided the ideal opportunity for leading institutions to discuss the key issues and latest developments in pricing, trading and risk management strategies for power and gas.
Please find attached a draft copy of the conference programme.
I have left the invitation open as I was unsure of your specific topic of interest.
Thank you for your time and consideration.
I look forward to hearing from you.
Yours sincerely,
Subject: Factor Loadings Process

As an FYI for those not already in the loop, new factors for VaR have not been implemented since some time in April, and it seems the process of administering them is foggy.
So here is an outline of the R&R and required technology to support the administration of factor loadings:       Broadly, I have assumed that Global Risk Ops can run the process.
However, exceptions can take one of two forms:  Large jumps in VaR due to bona fide changes in correlations; Pathologies in the matrix construct supporting factors;  For either, tools are required for users to examine the exceptions and make changes as necessary (generally Global ops in the former case and RAC/Research in the latter).
Note that the IT Development group has no part in this business process beyond building the tools.
Lets use this as the starting point to develop a business model that makes this work.
Rgds DP
Subject: greetings from Charles

Hey, Vince:  How are you?
I just want to thank your for all your efforts during my application to Enron last year.
Even if it did not work out in the end, but I still appreciate all your help.
I just started my new job at "Allegheny Energy Global Markets" in New York city, the company is the trading arm of Allegheny Energy, and used to be Merrill Lynch's Energy Trading Group.
I will be responsible for structuring.
Again, thanks for the help, I look forward to talking
Subject: Housing Data and Stationarity

Eugenio,  As a follow-up to our meeting yesterday, a series of evaluations was conducted on the housing starts data to insure that the time series response variable was stationary (recall our brief discussion of results based on non-stationary time series).
Dickey-Fuller and Augmented Dickey-Fuller (accounting for autocorrelation in the error term) unit root tests were used in the evaluation process.
Given the limited number of observations for  certain potentially important explanatory variables (e.g., %population change, etc.
), we tested the housing starts variable over 3 historical periods.
The results are provided below:  Period 1:  1959 through 2001 (obs=503)  TEST		TEST STATISTIC		CRITICAL VALUE (p=0.05)      DF			-6.712				-1.95
Subject: INDO-American Chamber of Commerce Gala (and Dinner) - June 16, 2001

Gary:  On behalf of Enron and the Research Group, Vince purchased a table at the subject event.
There are 8 places at the table and he would like to invite you and your wife to attend.
The attendees from the Research Group will be: Vasant Shanbhogue and his wife (Vasant's wife is actually working on the event, so her place will not be counted in with our group.).
Krishna Krishnarao and his wife  Sandeep Kohli and his wife Maureen Raymond  Please let me know if you are available on the 16th.
Shirley 3-5290
Subject: Indo-American Chamber of Commerce of Greater Houston Gala - 6/16/01

Greetings:  On behalf of Vince Kaminski and Enron Corp. a check in the amount of $3500.00 is being mailed to you today to purchase a "friends table" for the June 16th gala.
A list of the attendees will be forthcoming.
Best Regards,
Subject: job and my resume

Dear Director Vince Kaminsky,  I am Alex Yu, an MBA student at Rice University.
Peter Veruki, Executive Director of Career Planning and Admissions, told me that he and Dean Gilbert Whitaker had breakfast with you today, and that you might be interested in hiring a summer intern or part-time helper.
I have received a Ph.D. in Finance, MS in Accounting, and MS and BS in Computer Science.
In the course of my studies, I have learned a great deal about finance, mathematics, and computer software.
I am very interested in working in your program at Enron as a summer intern or a part-time employee.
My resume is attached.
Thank you for your consideration.
Best wishes,
Subject: JOBHUNT: risk analyst at Bear-PhD theoretical Physics

Hi,  I am looking for a quant position within finance.
I have 6 months job experience as a risk analyst at Bear Stearns.
I was responsible for the Tokyo equity derivatives desk.
I have a PhD in theoretical Physics.
My PhD/postdoc research involved numerical methods for PDEs and adaptation of Monte-Carlo Simulated Annealing to various problems.
I include my CV.
Please let me know if you are interested!
Best wishes,
Subject: Jumps no jumps

VAR is using the May 1st run.
VaR without jumps is saved out in RMS_Value_at_Risk_copy table.
Of curiosity,  West-DPR-VAR is not really impacted by jumps.
I suspect the reason for this may be that back in 1998 that region was less deregulated than today.
Let me know your thoughts.
Frank
Subject: Mark Palmer re Andy Fastow

Vince:  I've been on the road for a week and will be in southeast Asia and Australia for the following week.
I did, however, get a message from Mark Palmer saying that he thought I should present our stuff on current operations value/future growth value directly to Andy Fastow.
I agree this makes sense.
Nevertheless, I think the idea would have greater credibility if you, in addition to Mark, were to express an interest in the framework to Andy.
Would you be comfortable doing this?
I'd just like you to send Andy a message saying that you think the COV/FGV framework is logical and that investors would find it logical as well.
If you can do this, Melissa Jose would then give Andy's office a call and try to set up a convenient time for a presentation.
Of course, I would be very happy if you could attend that as well.
That would also give the two of us an opportunity to explore that article we have been meaning to write!
Best Regards,
Subject: Market Maker Discussion

The next session to discuss papers on models for setting the bid-ask spread will be  Friday, June 15 2:00-3:00PM in 19C2  If you want copies of the papers Jinbaek will present ahead of time, let me know and I will provide a copy.
A summary of yesterday's session is attached.
Bob Lee
Subject: Mid Year PRC for 2001

As you know, Mid Year PRC is right around the corner, and you should have received your PEP ID and password on Monday May 7th.
To assist you in preparing for PRC and utilizing the PEP system, we passed out a PEP Quick Reference System Guide, and Employee and Supervisor Guide to Midyear 2001 earlier this week.
Please read these two handouts so that you can be aware of the changes from Year End PRC, or to familiarize yourself with the process as a whole if you are a new employee.
The guides will specifically help you with the following when logging into the system:  PEP Quick Reference System Guide- How To		 	1.
Log into Pep 	2.
Suggest Reviewers 	3.
Complete Feedback 	4.
Complete Self Evaluation 	5.  Review Your Supervisor 	6.
Give Unsolicited Feedback  Employee and Supervisor Guide to Midyear 2001- "How to's" and FAQ's	 	1.  Who participates and who is rated 	2.
Choosing reviewers for 360 degree feedback 	3.
What to do if you are chosen as a reviewer 	4.
PRC meeting and listing your accomplishments for discussion in the meeting 	5.
One-on-one evaluation with your supervisor and how you can prepare 	6.
FAQ's and Glossary  Additionally, a training session will be held on Monday 5/ 14 in EB48C2 at the following times:   9:00 - 10:00  10:30 - 11:30   1:30 -  2:30   3:00 -  4:00  If you have any questions, please call me at extension 5-7809.
Thanks,
Subject: Mid-Year 2001 PRC Meeting details

Research Staff,  As I mentioned today in your staff meeting, the mid-year 2001 PRC meeting for Research is scheduled for Wednesday, June 6th and will begin at 10:00 am.
The meeting will be held in Boardroom on EB50.
If you have any conflicts, additional questions or concerns, please feel free to notify me.
Thanks,
Subject: Norsk Hydro Visit June 7th

Thank you for your participation in the above referenced visit to Enron.
Attached is a final agenda with attendees.
There are approximately 10 guests from Norsk Hydro.
Due to the size of the group, all meetings will be held in 50M.
I will have an LCD projector in the room if you wish to use a slide presentation.
Enron Norway would like this visit to be an opportunity to create a favorable climate for increasing business with Norsk Hydro as deregulation in Europe takes off.
To reiterate, this is a study team that is part of Hydro Energy Management Group, a division of Norsk Hydro in the oil and energy sector.
This visit is part of a one week trip to Houston with visits to at least four or five companies.
They are here to exchange ideas in a free informal give and take discussion about: Operation in deregulated markets E-Commerce Risk Management Tolling Agreements/Gas for Power Trading  My role is to act as facilitator and agenda timekeeper.
Please let me know if there is additional information you require.
Thank you.
Subject: o:\Research access list

Please find attached an Excel workbook listing different access groups for Research.
I have marked some users for keeping and deleting.
I'm not sure how you wish to proceed.
You can edit the list as you see fit.
Perhaps we can contact those who have particular groups (e.g.
Weather) for updates on their list.
I am generally of the opinion that the lists should be as short as possible.
A directory that Lance and I share with the power group was deleted yesterday but nobody knows who did that.
I hope after this audit is done, we are much less at risk of something that like happening again.
Thanks,
Subject: Options approach for EOL price setting

Vince,  Over the weekend, I fomulated the idea using option pricing for the EOL  price seeting rules.
The initial results look interesting.
I will write it up for your inputs.
Also attach is the program SnagIt, for printing window.
Zimin