postbot/aeslc_kw huggingface dataset:
Subject: ENA Analysts and Associates

As you know the ENA OTC is actively working with the Analyst and Associate  Program to develop greater talent flow into ENA.
We are presently working on  a number of initiatives to improve how this is working and significantly  improve communication flow and responsiveness.
However in this regard we also  need you to help make sure we have clear lines of communication within ENA   regarding A&A resource levels, performance, rotations and retention efforts.
In this regard we would like for each of you to take the lead  for your  groups needs and ensure that any requests, questions or concerns about A&A's  in your area are passed through you to either Ted Bland (ENA Recuitment Team  Lead - x35275) or Jana Giovannani (ENA liaison from the AA Program - x39233)  or myself.
It is important that we are discerning about what we do with our  A&A resources and plan carefully and accurately for our future needs, in this  regard we need for you personally (or a senior member of your team who you  may optionally delegate this task to) will take the time to review any A&A  resource requests from your team before passing them onto us.
In addition, given the importance of these resources, we will be inviting you  to a regular bi-monthly meeting to discuss ENA A&A matters.
We will confirm  the first date in due course.
In the meantime if you would like to volunteer  another senior member of your team to assume this reponsibility please supply  their name as soon as possible.
Please call with any questions.
Subject: QBR

Wes, we have the following dates set up:  a) East Midstream and QF Restructuring - Aug 15;  b) Industrials - Aug 14;  c) Canada Origination - Aug 16;  d) West Midstream - Aug 17;  e) HPL, LRC and Upstream Origination - Aug 28.
We are setting up the remainder as we speak.
I have some final comments on  the packages you gave me; however, the color printing will not fax so we need  to find time to discuss.
Please fax the Friday "package" and the final Q2 numbers.
Regards
Subject: Retention and motivation initiatives for top ENA A&A's

David, I wouldn't do the Brown Bag (too often- too hard to keep doing); I  wouldn't do the Social Gathering (too country clubish); I like the Monthly  Dinner/Cocktail Hour/Ballgame, etc with the OTC and parts of the management   team as a forum to identify talent, give A&A's exposure to the management  team and to "sell" ENA.
I would suggest that we make it every two months  rather than monthly.
However, I would have the first one very quickly for the  top rated A&A in ENA that are due to rotate soon in order to try and pitch  them on staying in ENA - maybe dinner and ballgame.
For the resource management and coaching part of the program, lets wait until  we see where we end up on any possible changes to the program first.
I  assume that you are working on a couple strawmen on possible alternatives.
Once we have a few ideas, I would like to pitch Whalley, Sherriff and Mark  when I get back.
Lets go ahead and implement above ASAP.
Regards
Subject: Generation Strategy

Chris, did we get the DASH completed and approved on Pasotria and LV Cogen?
Rob, I have not heard what the plan of action is with Moore?
Rob, what would be the necessary steps needed to book all or some of the  Bruce deal in Q3?
Regards
Subject: Various

Guys, where is Rebox - it seems to have disappeared?
I assume you guys are  working on the accounting issues necessary to book the swaps on the Garden  State deal.
Regards
Subject: Various

Richard, I think I am starting to obsess and I really don't want you guys  working on this; however, it think that it is very odd that this Griffin guy  over an eight week process, two registered letters and a phone conversation  does not send a letter or bring up this "Chrome Dreams" issue from 1986 with  us until this lawsuit is filed without our knowledge.
This guys sounds a little off.
Regards
Subject: Cogentrix Turbine Inquiry

Janet, we have been down the road with these guys before and it was not very  pleasant.
I think it is hightly unlikely that Larry will be coming up with  an additional 7FA turbine - but you can call him.
I'm also starting to think  as the LM position starts to get better managed that maybe you and Chris  should take the D5's and 7EA's onto your book.
Something to think about, I  am just concerned about your ability to manage more complex deals without  some resource availability.
I think you have to feel pretty good about the  LM position first.
Something to think about?
Regards
Subject: Edison Mission Energy

George, it is probably worth  speaking to them about the US assets - probably  the smaller Virginia sites which are probably less core and may be great  brownfield sites.
I'm not sure we would have an interest in UK coal fired  assets.
I would speak to Sherriff on that one.
However, I would caution that  real value is created through RAPID brownfield development leveraging on  Enron's development, electricity, coal and emissions talents.
For ComEd and Homer City, Mission has already paid up for these assets based  on gas being on the margin.
Now that was before a lot of the run up so it  may be worthwhile; however, I think it may be difficult to arb these guys.
As well, I think it may be difficult to get the asset out of them - I'm not  sure that they can turn their strategy or show a loss this quickly from a  Wall Street point of view.
We should probably take a shot at the smaller probably less core Virginia  assets.
Are they in QF, if so there may be upside in the deal from Duran's  point of view..  Dave, given the rise in gas prices and gas being on the margin for a larger  part of the load curve, coal assets or coal QF's may be great assets for us  from a restructuring and power asset (expansion/brownfield) point of view.
Have we looked at this?
Are there many in the market?
Regards
Subject: C-Gas

Steve, please call Jeff and go through in detail how we got to our valuation  of approximately $39 M.  Please ensure that this is a reasonable facsimile of  value that ENA would accreate over the short to medium term assuming your  continued management.
Let me know where you end up.
Regards
Subject: C-Gas

Jeff, I don't believe the offer I showed you of $39 M is unreasonable.
In  fact the team had recommended $42 M based on a number of measures.
I see the  6X multiple of annualized Q2 earnings as one of the best measures of the  potential value of this company.
I don't see it in the best interests of Enron to be transferring assets below  a reasonable market value between business units.
You can trust that I will  be keeping the Energy Capital Resources team's feet to the fire on the  realization of this value if you do not purchase the company.
If you and Steve can come up with a better indication of value, I will  support that transaction.
Regards
Subject: QBR HPL/LRC/Upstream Origination

Dave and Mark have asked me to arrange a meeting, QBR HPL/LRC/Upstream  Origination, and I would like to know if August 22, 2000 from 1:00 - 5:00 pm  will work for all of you?
Thank you in advance for your promt attention to this matter.
Thanks,
Subject: Draft organizational memo

Ray, couple of comments:  a) Donahue is responsible for the portfolio management function but also  incorporate the idea of Jeff being responsible for ENA's "capital book" (ie)  managing existing deals and intimately involved in conjunction with Treasury  and the various origination groups of which finance transactions get or don't  get on our books;  b) Has Fastow clearly put Defner in the ENA Treasurer role?
- if so we  should also mention this in the note;  c) Chuck Ward ( Generation Investments); Don Miller ( Merchant Generation);  and d) with regard to commodity structuring ensure it is clear that they  will facilitate and structure the highest priority/value transactions across  the organization even though they report to Janet (ie) they don't just work  on East Origination deals.
Let me see the final before release.
Make sure Mark is on side.
Regards
Subject: MEH Quarter Success

Laura, I would like to congratulate you and your group on a very successful  quarter.
Hats off to the team!!
Let me know how I can help.
Please forward to your organization as appropriate.
Regards
Subject: Dow Jones Gas vs. Coal feature

Guys, this is the real deal - we need to be ahead of this!!!
How are we making out on acquiring brownfield sites and formulating a  strategy?
Regards
Subject: Industrial QBR

Dave and Mark asked me to set up a three (3) hour meeting regarding  Industrial QBR.
Would August 15th, from 1:00 pm to 4:00 pm work for everyone?
If so, please mark your calendar and RSVP to Kay Chapman.
Thanks,
Subject: Various

Jeff, have you finalized how Jenn and Craig will split out the industrial  segments?
They should also come up with their business plans and a reporting  matrix similar to what you are doing with the desks.
How are you making out  at the desk level in implementing our previous discussions with Scott and the  remainder of the desks?
Regards
Subject: Project Triple Lutz/Tarantula

Guys, as a follow up to our meeting today, I thought I would put together a  list of deliverables agreed to in the meeting.
The goal would be to have a  definitive strategy for HPL and storage assets by the end of July that could  be acted upon.
a) Elimination of the Entex contract - current value - John L.;  b) Storage value algorithm incorporating spread values, increasing intra-day  and monthly volatility and blowdown values - Jean M, John L, Jim S.;  c) Storage acquisition targets and issues surrounding value/execution - top  5 to 10 for blowdown and tarantula strategy - Jean M, Julie G.;  d) Structure, value, cost and issues surrounding Bammel "header" - Jean M.;  e) Project Torque - definitive balance sheet, income statement and  contribution margin statement for HPL - Wes C.;  f) Establish viability of selling HPL assets - small private placement -  working with Lehman to finalize value, exection risk, timing, structure et al  - Patrick   W.    I would like this group to get back together in the fourth week of July to  determine a final action plan.
Regards
Subject: Various

Max, congrats on the Decero PPA - we need to wrestle up another 100 to 200  MW.
This should be a priority given the profit potential of this deal as per  Oz and Doug (+50M in 2000).
Is there an ability to let Sabine or Irvin run  with Vitro and get your attention on this item asap.
I know that the  Monterrey project is eating into your time.
Do we need to augment your  resources?
On a different note, the current Monterrey control budget is showing a $5.3M  negative variance from the original control budget.
Is this accurate?
Does  this reduce the profitability or is it absorbed by the PPA's?
Regards
Subject: Various

Kay please forward to Max Yzaguirre.
Max, congrats on the Decero PPA - we need to wrestle up another 100 to 200  MW.
This should be a priority given the profit potential of this deal as per  Oz and Doug (+50M in 2000).
Is there an ability to let Sabine or Irvin run  with Vitro and get your attention on this item asap.
I know that the  Monterrey project is eating into your time.
Do we need to augment your  resources?
On a different note, the current Monterrey control budget is showing a $5.3M  negative variance from the original control budget.
Is this accurate?
Does  this reduce the profitability or is it absorbed by the PPA's?
Regards
Subject: Flight time on December 13 to Las Vegas

Guys, there is quite a number of us dealing with this problem - what are our  solutions?
Could we have a corporate jet available for folks stuck in the A&A PRC?
Other?
Regards
Subject: Executive Impact and Influence Course

Folks, you are the remaining officers of ENA that have not yet enrolled in  this mandated training program.
It is ENA's goal to have all its officers  through the program before the end of calendar year 2000.
The course has  received very high marks for effectiveness.
Please take time now to enroll  in the program.
Speak to your HR representative if you need help getting  signed up.
Regards
Subject: Monthly Mid Market Coverage Report

Ed, sounds like you have this handled - I would like to use your report as  the example to use in other groups.
It can wait until you have it all  completed.
You may want to think about EOL as well (ie) how many companies  have you brought on-line, etc.
summary:   - coverage metrics;   - market iniatives;   - completed deals;   - hot list;   - EOL metrics.
Thxs Delainey
Subject: Power Failure

Guys, your teams did a great job managing a very difficult situation with  very few material effects to the organization.
It is noticed and appreciated  please pass on to your organization if you feel appropriate.
Regards
Subject: Generation Strategy

Sorry about the confusion.
Fran Mayes will be sending a memo out in the next  day or so reflecting the times of the PRC.
In order to accommodate Dave's  meeting with all you and to include Mark Frevert we had to move the time of  the PRC from 8:00 am to 11:00 am.
The ONLY thing changed was the time, the date and place remain the same.
Again, I am sorry for the confusion and I hope this helps.
If you have any  question, please feel free to call me.
Thanks,
Subject: Update GIS Information

With Enron's rapid growth we need to maintain an ability to move employees  between operating companies and new ventures.
To do this it is essential to  have one process that will enable us to collect , update and retain employee  data.
In the spirit of One Enron, and building on the success of the  year-end Global VP/MD Performance Review Process, the  Enron VP/MD PRC  requests that all Enron Vice Presidents and Managing Directors update their  profiles.
Current responsibilities, employment history, skills and education  need to be completed  via the HR Global Information System.
HRGIS is  accessible via the HRWEB home page on the intranet.
Just go to  hrweb.enron.com and look for the HRGIS link.
Or just type eglobal.enron.com  on the command line of your browser.
The target date by which to update these profiles is 7 July.
If you would  like to have a hard copy of a template that could be filled out and returned  for input, or If you need any assistance with the HRGIS application please  contact Kathy Schultea at x33841.
Your  timely response to this request is greatly appreciated.
Subject: Enron North America - Asset Snapshots Q1 2000

Rick, in the interest of preserving trees and keeping the information  reasonably controlled, I would distribute this to senior managment and the  portfolio managers in each origination group responsible for each investment.
Portfolio Managers  Steve Pruett - Energy Capital Resources - (E&P) Chuck Ward - Generation Investments Chris Helfrick - Industrials and Coal Michael Miller - Principal Investing Richard Lydecker - Restructuring Ray Bowen - CTG Andrea Reed - CTG Wes Colwell - Controller Jordan Mintz - Tax  Management  Jeff Skilling Joe Sutton Mark Frevert Dave Delainey   I don't think we need to distribute this data farther.
The business unit  heads in the finance origination groups can access their portfolio manager  for the data if needed.
Regards
Subject: Accomplishments/self evaluation

PRC is just around the corner and Dave has not been provided the  accomplishment/self evaluation from some of you.
This serves as a reminder to  please provide Dave with a list of accomplishments/self evaluation for the  past six (6) months as soon as possible.
Thanks in advance for your prompt attention to this matter.
If you have any  questions, please feel free to call Kay  3-0643.
Thanks,
Subject: Industrials

I am sending out a second confirmation due to the additional attendees.
Dan Leff and Randy Maffett will be calling in.
This is to confirm the monthly Industrials meeting for Thursday June 22, 2000  at 1:00 pm.
Subject: ENA VP PRC Pre-Ranking Meeting

This is a reminder to please have your calendar marked for Friday July 7,  2000, for the ENA VP PRC Pre-Ranking Meeting.
The meeting will be held at the  DoubleTree (Granger B) from 8:00 am to 5:00 pm.
If you have any questions/conflicts, please feel free to call me.
Irma  Alvarez will be following up with invitations that will have detailed  information within the next few days.
Thanks,
Subject: Weekend Activity

Joe, thanks for the assistance.
We have a few items still outstanding on the  Doyle (Georgia PPA with Ogelthorpe) unit; however, It looks like we have the  '99 and '00 plants completed.
The 2001 program is much smaller.
I will  follow up shortly.
Regards
Subject: Fort James Amortization

Tim, my understanding is that partnership fee (the $11.0M) has been amortized  for the last several years and expensed to the Industrial groups (McConville  and Ondarza).
As you are aware, I sued them for breach.
The settlement  involved the elimination of all existing transactions between Ft. James and  Enron including the Wauna and Halsey power contracts.
It is my understanding  that the benefit of the elimination of those shorts resides in the Portland  shop.
The elimination of the shorts would not have occurred without the  lawsuit on the alliance and the settlement I originated.
It seemed logical  to charge the Portland office with the remaining un-amortized fee of $1.8M as  a cost of eliminating the shorts for no cost and no future contingent  liability.
Lets discuss.
Regards
Subject: ENA Associate Candidate Question

Where did he rank against other folks at the super saturday?
I would argue that if he was in the top 30%, we should accomodate his need.
regards
Subject: Nigeria

Guys, the project should be charged market based rates and ENA is not in the  business of subsidizing international projects.
This is particularily the  case if we are not going to hold a continued interest in the project.
However, if we can not reach a term O&M agreement please maintain the  optionality in the project by managing the facility on a direct bill basis to  APACHI until they find an alternative provider.
Do not in any event abandon  any assets at any time.
Regards
Subject: East Power Mid-Market Org. Chart

Tim, in the east power group and the gas groups, we are trying to build a  mid-market capability(deal flow, information and coverage) consistent with  the largest energy merchant in N.A..
Please see tha attached.
I would be curious to talk to you about your  structure, coverage functions and market building iniatives.
I recognize that you and your group have been the most effective and  proactive group in these areas for some time.
Is there areas where we could  be more aggressive or proactive?
Can I get you more resources to cover the  market more aggresively?
Lets discuss.
Regards
Subject: East Power Mid-Market Org. Chart

Ed, this looks great!!!!
Please ensure that the focus is on coverage, deal flow and building markets.
I want to avoid two groups hunting strategic elephants (ie) east origination  and development so ensure the scope is consistent with mid-market coverage  and feeding the desk deals and info.
In the case of building or purchasing  assets please let Jacoby's group handle.
Any deal or lead that significantly  disrupts coverage or takes you or your people out of the market please pass  or coordinate with origination or development  There is bound to be some conflict between the strategic origination groups  and you - please keep to a minimum and resolve in a manner consistent with  one team and doing the right thing.
Please provide John and I a monthly report of customer transactions  completed, coverage plans and "market building iniatives".
Let me know how I can assist in any way in recruiting or transactions.
Regards
Subject: Catalytica

Guys, I suggest that we write it down in order to ensure that we don't get it  back as other groups use up the Raptor capacity.
We have sufficient market  data points to do this.
Please advise.
Regards
Subject: Project Stanley

Guys, we are working to put together the final team to manage this issue;  however, it isJeff Skilling's call to keep Delainey, Milnthorp and Keohane  out of the day to day fray on this issue.
I believe this is the right call.
Commercial and legal resources from Houston will manage this issue on a go  forward basis and may call on you as a resource if needed from time to time.
You have done a very great job managing this issue to date and your efforts  on that front are much appreciated.
Our focus should return to growing the  business and meeting our financial targets.
Peter, I believe that Mark H. would like you to stay involved through the  Friday conference call that is scheduled.
Regards
Subject: Moore Power Plant status

Rob,this deal is not dead; I am primarly waiting on NEPCO numbers.
You should be moving down the road on the deconstruction, refurbishment and  movement of the NB machines.
You should also be doing any development work  (permits, interconnection agreements et al) you need to do to maintain the  optionality of this project (let me know if the expenses get above $1MM).
Randy, please facilitate.
Mike, can we put the screws to ABB given the  significant transformer business we forwarded their way?
Laura, we probably need to make a call on the Peoples turbine pretty soon.
Eric/Rob, I think we need to see the project with IDC come in  between 350 to  400/kw to be viable or I need a very detailed analysis of why it costs  significantly more than a Frame 7 machine in the US markets.
I would like see us make this work.
Regards
Subject: Moore Power Plant

Dick , I appreciate the effort on the Moore project - I would hope that there  is more than a $2m saving in the scope.
This plant is still showing $460 to  $470/Kw given current economics.
I am still puzzled by this.
Regards
Subject: meeting

Dave, I am going to send Shawn your way - he has extensive development, asset  and project finance experience.
I would like him under your supervision to  manage our coal power development strategy - like we discussed it could be a  very robust strategy with multiple exit points.
I strongly believe that coal  needs to come back into the stack and that the existing development teams  (Parquet & Jacoby) are already buried under mid-stream gas development  opportunities.
This would incorporate acquisitions, development, technology,  asset sales,  emissions credits & technology, fuel supply and power sales.
Please update your 2001 budget to incorporate this new iniative.
Regards
Subject: Mid Market

Guys, Swank has confirmed with me that he is committed to join the mid-market  group in east power and make a difference.
I would strongly support his  movement into either SERC or ECAR as per our earlier discussion.
I hope to be moving several experienced dealmakers into the gas and power  mid-market groups to increase our deal-making skills and relationships in  those markets.
I would also hope to move a reasonable number of new  associates (that only rotate within trading and mid-market) to the various  desks.
The goal is  to increase the bench strength of the trading and  mid-market groups plus support John's iniatives on the fundamental groups.
Regards
Subject: Development Budget

Tammy, please ensure that budgets and cost tracking similar to the  peakers/Doyle are set up ASAP for Austin and Vitro.
These should be updated  and circulated weely.
Regards
Subject: Greater Houston Partnership

Ken, in response to the letter from Mr Miguel San Juan, my suggestion would  be to offer up the Falcon for their use; however, given the tight time frame  and your recent visit with Mr. Fox that it would be difficult for either you  or me to participate.
I spoke to Max and he agrees with this approach.
I hope this meets with your approval.
Regards
Subject: 2000 Peakers

Guys, have we started the mobilization on the tear-down of the two 501FD's at  Gleason?
Will they be machining the equipment on site - it appears to me  that we should not let that equipment leave the site if possible.
Do we have  a credible site rep from Westinghouse for both Wheatland and Gleason?
Please advise.
Thanks