postbot/aeslc_kw huggingface dataset:
Subject: EP San Juan phys

Can we create a San Juan phys for Oct bidweek?
What did we decide with this  product - swing only?
If we do, I would like to link it to the basis plus  nymex, or to the fixed price gas daily (fixed price gas daily will be rolled  out during bidweek this month because of our risk in gd basis going  forward).
I want to roll the Inside Ferc phys points out during bidweek 7-4,  as defined by Inside Ferc, last trade is mid.
The NGI index points will be  out 7 to 4 during bidweek, as defined by NGI.
We will plan on sending the data to both index publications.
Time open to  market, time of actual trade, counterparty, price, etc.
This will be  considered their last opportunity to be accurate or we will decline to  participate until their numbers are audited.
Thanks,
Subject: Baja and redwood spreads

Please contact Keith Holst if you should have any questions regarding the new  spread products.
Please let him know when they are completed.
I will be out  of the office until Wednesday.
Thank you very much.
Mike Grigsby
Subject: GD Basis products

I am sure that you are aware of the move to daily basis from monthly.
The  west desk will be trying to phase out monthly for daily in the next month.
We have created term gd basis vs. the HHub gd through apr-oct 01 for all  index points.
Grigsby
Subject: GD Basis products

I created the term gd basis products for waha, perm, sj, opal, and malin this  weekend.
Call Dale or Melba to activate.
Keith and I briefly discussed how  we would handle the new responsibility.
I am fine with managing the prompt  month gd basis, while you guys manage the term.
I will be back in the office  this week and we can talk about the products.
Would we handle the monthly  the same way?
When do we plan to phase the monthly out?
Have Phillip manage  the perm and waha basis until I return.
Dale is also working on the Baja and Redwood on/off system spreads.
We can  roll these out for all terms as well.
See you this week.
Grigsby
Subject: Meeting with Enron Networks

Greg,  I wanted to forward this letter to you that I received from a good friend of  mine who is interested in discussing global steel trading oppotunities with  Enron.
If you don't mind, I would like to have Chase Belew call you to  possibly set up a meeting.
I work on the west gas trading desk.
You can reach me at x37031.
Thank you  for your assistance.
Sincerely,
Subject: Meeting with Enron Networks

Bruce,   I work with Phillip Allen in West Gas Trading and he talked to Greg Piper  about the letter attached below, and Greg told us to forward it to you.
Mr. Chase Belew and Mr. Carleson, with E*Steel, would like to meet with you  to discuss market opportunities in the global steel market.
I would like to  have Mr. Belew call you to set up a time to meet with you.
Would this be a  problem?
Please call me to discuss.
Sincerely,
Subject: New Products

Dale,    Will you please create the following products for me when you get the  chance?
I would like to have GD/D HHUB vs EP San Juan,  GD/D HHUB vs. EP  Permian, GD/D HHUB vs. Malin, and  GD/D HHUB vs. Kern/Opal.
These will look  like the GD/D HHUB vs. SCal that we currently have in EOL.
Also, Can I please create three Gas Daily basis products.
GD/D BAJA spread -  This spread will simply be the GD/D SCAL vs. PG&E Citygate.
The GD/D Redwood off-system spread - GD/D Malin vs. SCal.
The GD/D Redwood  on-system spread -   GD/D Malin vs. PG&E Citygate.
Call me to discuss.
Thank you.
Mike Grigsby x37031
Subject: Terminal server - Trading Cluster

I would like to see if the following applications are installed in the  Trading Cluster.
TDS position manager, CQG, Dow Jones telerate, IP TV  Viewer, Microsoft Internet Explorer.
Thank you.
Subject: Nortel box

Please have the technician bring another network cord for the laptop.
I  would like to connect it to the nortel hub as well.
My laptop is here at  work, so if they need it to install the VPN, etc., please let me know.
Thanks,
Subject: new build

Jay and Matt,  We should get together and build a gas consumption model for the new  generation in the west.
We should identify the delivery point and then  continue to monitor their status.
This will provide us with more information  behind our Socal/Rockies spread.
Thanks,
Subject: GD NEW

Jeff,   Thank you for the resume.
I am interested in talking to you about Jennifer  Bagwell, as well as discussing the possibility of moving Susan Scott back to  my book.
I will talk to you tomorrow.
Sincerely,
Subject: Performance

I received a notice to provide feedback on Jose Marquez.
My review is brief,  but very favorable.
The west desk is very pleased with Jose's contribution.
He has gone out of his way to assist each of us.
Jose communicates the  weather and its impact very clearly.
Let me know if you need additional  information.
Sincerely,
Subject: CA endusers

Craig,  Did you ever follow up with Kim Ward and the desk on the contract language  for the deal or deals you did with CA endusers?
We need to make certian that  the customers are signed to the correct contract for balancing, etc.
Please  get with me to discuss.
Mike Grigsby
Subject: NCD

Anne, can we add the new pg&e topock curve to the basis transport tab?
Also,  the LT transport section is showing the transport positions through 2002,  which is incorrect.
Please review the transport deals in the model and  delete the positions.
Thanks,
Subject: Holly Sugar?

We need to talk about the contract language for Holly Sugar.
Please see Kim  Ward about some of the language we have used for full-req customers on PG&E.
Thanks,
Subject: NCD sheet

Anne,  Can we add PG&E Topock and Mojave Topock index points to the NCD locations?
I think we discussed that they can't be added because of their association  with Socal curves.
Let me know.
Also, can we add the new rockies index locations to the NCD sheet?
It would  be nice to see these locations broken out in detail.
Mike
Subject: Pasadena

We need to make certain that the transport  for Pasdena is booked properly in  sitara.
I am taking a flash to actual hit on P&L because of our inability to  book this deal properly.
I need the transport booked in sitara at index to  index, and then book the fixed cost payed to Pasadena in an index minus sale  to them at the border.
Please run a minibook of the transaction thru the  remaining term and let me review it.
Please let me know when this has been  fixed.
Kim, what is the cost of the transport for the month of May?
Did we roll the  cost from April?
Also, did we change the index in the San Juan to Inside  Ferc?
Thanks,
Subject: Questar positions

Jay, what are we doing with questar positions?
Are you managing this index  point?
I have an April position and Mark Whitt is working on a term deal.
Thanks,
Subject: CIG and WIC

Please write up a ticket transferring my CIG and WIC April physical positions  to IM denver.
I will be selling CIG index to Jay at CIG index flat and  buying the 2000/d at CIG index minus .03.
Also, run a report of all my term  index positions at CIG and WIC for the summer, so that we can transfer these  to Jay as well.
Thanks,
Subject: West Index spreadsheet for bidweek

Anne,  We will need to add a message to the email that we send out to the  publications this bidweek.
Let's get together to discuss the text.
We have  added new products that will need to be matched with their respective Index  postings.
Thanks,
Subject: Philips SJ

Ken called yesterday and we bought 5000/d april from him at 4.87.
He said it  could be either Milagro or El Paso SJ.
Please call him and confirm the  receipt point.
Thanks,
Subject: Transport for April

Please review the transport positions in sitara for next month.
We should  have the Baja transport included.
100,000 short for PG&E topock, 80,000 long  Citygate, and 20,000 long KRS.
The sj to socal transport should be broken  out to like 24,000 topock, 14,000 mojave, and the balance to pg&e topock.
Also, please check on the kingsgate to malin and stanfield to malin for next  month.
What about sj to waha?
Patti, please run a report showing all of the sitara transport deals.
Thank  you!
Mike
Subject: Out of office on Thursday

Phillip,  Courtney needs me to watch the boys on Thursday in order to get organized  before we leave for Italy.
I can be reached on my cell phone 713-408-6256.
Please have Anne update the newcurrentday sheet in order to manage my  position.
Please call me with any pertinent market information.
I will see  you Friday.
Thanks for the help.
Thanks,
Subject: Activate draft products

Melba,  Will you please take a look at the term non-texas index products greater than  one year and activate them?
The section is numbered (1126) in product  manager.
Thanks,
Subject: Rockies products

Steve,  Let's discuss all of your new rox products for EOL.
I would like to know  which products to roll out on EOL for April bidweek.
I would also like to  discuss creating a south of Muddy Creek product for Kern gas.
I would assume  that it would fall under the IF Kern index.
Thanks,
Subject: New Socal and PG&E products

We have created the new southern border index products for Socal and PG&E  topock.
Please create your new basis and gas daily products for these  indices as soon as possible.
Mattt will need to create the gd index  products as well.
Let the brokers know about the new indices  I have the  back office setting up new curves to book these deals.
You will have two  curves for Socal now.
The curves will show your risk on the old index, as  well as the new index.
The new Socal index is the same as the old except  that excludes KRS.
I will be taking these phys products out on EOL as soon as possible.
Thanks,
Subject: Basis trading

Frank,  The new procedures for trading basis are working well.
We still need to get  the desk comfortable with submitting orders to you guys, but overall I am  pleased with the new procedure.
I need to work on staying out of the basis  market entirely going forward.
Can you also try to work all basis at Socal  through Keith.
Let Keith and Mo see all of your Socal/Malin spreads in the  future.
I think I gave you an order to work Apr-Oct 02 socal/malin at the  same time Keith was trying to sell a-o 02 socal basis.
I will let him know  in the future so that we do not cross him in the market.
Thanks,
Subject: PG&E Tpock phys forward description

The index products look great.
Can you have the same constraint language  included on the PG&E Topock location for creating the phys forward (fixed  price) product?
Let me know when that is done.
Thank you.
Subject: Cheyenne hub positions

Please check the gd swap cheyenne positions for March.
I am confident that I  have cheyenne short positions on this month, but they are not showing up in  the intraday tab.
Please check to see if they are booked as kern/opal by  mistake.
Thank you.
Subject: Curveshift 03/08/01

Dear John,  I had a meeting with Phillip after our morning discussion about P&L and it  seems that there may be some issues regarding how I run my book.
It was my  mistake about whether or not the put options for April Socal were booked  properly.
The options were booked properly by Larry May and my Book runners  and the profit was realized for 03/08.
My apologies for declaring that the  options were not in my position.
Also, the tolls curves are not treated as  schedule C.  I will adjust the tolls curves to account for basis curveshift  as needed.
My P&L did not match the Socal position because of physical index  curveshift and an adjustment to transport.
The discussion and feedback from Phillip regarding your conversation with him  concerns me.
I am confident that I run the most accurate physical and  financial trading book within Enron.
I will stand on the fact that no one  within the market has a better understanding of his/her position better than  I.
The physical/financial risk in my book is managed to a standard not seen  at Enron since I have been here.
Few people realize the great lengths I go  to to manage the risk in the IM West trading book.
I am transitioning from my role as a trader on the west desk to one that it  is responsible for communicating with you directly.
Let's get together and  discuss exactly what my responsibilities to you will be going forward.
It  may be that I relied to heavily on my subordination to Phillip Allen up until  this point.
This may have contributed to my miscommunication with you.
I  will see that this will not happen in the future.
Thank you for all of my  added responsibilities.
Sincerely,
Subject: matt Smith

Let's have Matt start on the following:  Database for hourly storage activity on Socal.
Begin forecasting hourly and  daily activity by backing out receipts, using ISO load actuals and backing  out real time imports to get in state gen numbers for gas consumption, and  then using temps to estimate core gas load.
Back testing once he gets  database created should help him forecast core demand.
Update Socal and PG&E forecast sheets.
Also, break out new gen by EPNG and  TW pipelines.
Mike
Subject: Associate/ Mid-Rotation Evaluation

Our associates on the desk have asked why they have been included in the  associate evaluation.
Are they in the corporate associate pool or are they  simply designated associates on the trading floor?
No big deal - just  forwarding their comments.
Mike
Subject: NEW indices in database and products in draft

Please let me know when our new socal and pg&e index descriptions are  available.
Also, please activate the phys  index producst in draft - one year  terms 02-04.
Thanks,
Subject: 100% flow SJ

Will you please set up the 100% flow SJ product?
I would like the title to  be just like the current EP product -  no mention of 100% flow on the title.
I would like to avoid making this a separate index posting.
Let's make this  available to the entire market.
Thanks,
Subject: 100% SJ

Let's start thinking about transitioning SJ to 100% flow.
I would like to  discuss all of the issues and costs of presenting such a product to the  market.
Think about what we might need in the form of Northwest transport,  storage, operations personnel, etc.
I realize that this will be risky and  that I may experience some financial downside with this endeavor, but I think  we should press forward.
Will we need intra-day traders to place the gas?
Do we need to establish intra-day relationships with SJ producers, utilities,  etc?
Will the allocation on EL Paso in April alleviate some of the cuts?
Let's discuss in detail.
Mike
Subject: runner on the desk

I will submit the move request for the west desk on Monday.
We should have  Anne fill this spot.
I would like her to keep track of New Current day and  all new deals that flow through the desk.
She can coordinate tickets to your  group and make sure that they get booked throughout the day.
She can also  put physical deals in Sitara.
Let me know what the desktop PC will need to  be loaded with.
Start thinking of other tasks that she might be able to  accomplish so that your group may get home at an earlier time each day.
You  can keep this desk for your own use and rotate people through as needed.
Thanks,
Subject: Changes to Financial settlements for CA

We should change all settlements at Socal to NGI Southern Border, Socal from  Southern California Border average.
This new index excludes KRS fixed priced  trades.
Please let the brokers know about the changes to Socal basis going  forward.
Please change basis and gd swing swaps (fp and index) in EOL.
Also,  Frank and Matt should set up basis and a gd swap (fp and index) for   southern border, PG&E.
This will be the index for PG&E Topock.
This index  will be effective for April 2001.
I will have the physical product out there  as soon as possible.
Let me know when they have been changed.
Mike
Subject: Susan Scott

It is my understanding that Susan will be starting her new job on the west  desk Monday morning.
We are couting on having her full time beginning the  same day.
Let me know if I am incorrect.
Sincerely,
Subject: Get rid of all ecommerce software on west desk

Ina,   Please have the IT group delete all copies of ICE and Altrade from the west  desk.
I think Randy is the only one.
Thanks,
Subject: Western Region Contract issues

Dear Jeff,  I am interested in summarizing all of our contracts in the western region and  identifying any problems (i.e.
penalty language, notification deadlines for  OFOs, etc.)
that may need to be addressed.
We have experienced a few  problems with SW Gas Corp. recently.
They have been penalizing Enron for  cuts on EPNG, but when we pursued penalties with them on a baseload one month  deal last month, they claimed that all one month deals have been booked on an  interruptible contract and cannot be penalized.
This was news to me.
Can  you help me identify what types of contracts we are using to transact  business with our customers in the west?
I can honestly say that these contracts have not been reviewed by the west  desk for some time.
Phillip Allen transferred the desk to me  in August of  2000 and I have not spent the time to review all of contracts.
Let's get  together and discuss exactly what I may need.
Sincerely,
Subject: Passport and Gasselect

How do I get the software to operate Socal Gasselect and Passport?
I would  like to have them installed on my desktop and laptop.
Thanks,
Subject: 2000 review

Take a look at my review and let me know if we should any more of your 2000  accomplishments.
I need to get this in your file for HR.
Mike
Subject: RMMLF Natural Gas Institute

To: Energy Law Professionals  On December 6-7, the Rocky Mountain Mineral Law Foundation is sponsoring a Special Institute on Natural Gas Transportation and Marketing.
The brochure may be downloaded from our website at www.rmmlf.org.
If you have any questions, please feel free to contact us.
If you have trouble opening or printing the PDF file from the website, please E-Mail us with your fax number.
We hope to see you at this cutting-edge program in Houston.
Subject: Final Potts Opinion

Attached, please find the final Robin Potts opinion.
All changes appear to have been made that were submitted last night.
Please note that when you click on the attachment, you will only be able to see the fax cover sheet, but when you print it, all pages are there.
I propose to post this opinion and the attached Memorandum to Members on our website as soon as possible today.
Accordingly, please let me know within the next hour if you have any questions.
Kimberly Summe     <<310a389R-Andrew Woolmer-M10D18-ERSKINE CHAMBERS-.tif>>  <<Convertible Bonds.doc>>
Subject: Another Version of Negative CTC Risk?

I have a concern about Enron's forward-looking exposure associated with legacy deals (deals that existed during the June 2000 through the May 2001 price shock).
If Edison gets its way, all customers will pay for Edison's under-recovery from June 2000 through January 2001 plus CDWR spot market purchases during 2001.
This would take the form of a surcharge on future bills.
My concern is that Enron will be on the hook for these future charges associated with past under-collections -- even beyond the term of our legacy deals.
For example, if a deal ends in March 2002 we could be on the hook for surcharges that a legacy customer would receive on its bill after that date, provided the surcharge pertained to costs incurred by the utility during the time that the legacy customer was ours.
Subject: Memo:  Re: Bank of England Application

I think that the BOE should be admitted to membership.
Also, Bob, about the Hong Kong Monetary Authority (HKMA), following the recent seminar we did for them in HK, I think that we are likely to hear more from them about membership.
Frankly, it is easy for me to raise the issue with David Carse/Simon Topping, which might well precipitate a formal application, but obviously I would rather not do so without hearing further from the Board about the potential success of such an application.
It is probably best if I write separately about the HKMA and its functions including why membership for them might make sense.
At that point, further discussion would be useful.
Regards
Subject: Risk memo for ECE-Elektro Certicates deal

Mark -- If possible, I'd like to schedule some time with you (10 min) to discuss approval of a certificates transaction that involves ECE and Elektro.
Orlando has scheduled some time w/ Lavorato at 1:00 Houston time, so sometime before then would be best if you are available.
A memo has been prepared by Vicky Martinez that should have been forwarded to you by now, but I'll confirm that.
Please let me know what works for you.
Subject: Light Call Option of 50MW

FYI, still under discussions between Enron and Light.
This deal is similar to the Duke Call Options we closed last month.
I'd rather do it under a Master Agreement and will check with the business guys if we can do so.
Rgds,  Sami
Subject: Memos

Attached are drafts of two memos I would like to circulate regarding EBS matters.
One relates to Legal Risk Memos and one relates to legal review of contracts.
I am also preparing one for contract retention.
Would you please let me know if you have any comments?
With respect to risk memos, I understand you announced on Thursday that there are 4 buckets you wanted referenced.
Unfortunately, as you know, I missed Thursday's presentations.
Thanks.
Lance.
Subject: Draft letter to ISDA re. "Not Contingent" and convertible bonds

Following the recent administration of Railtrack and the draft Memorandum to Members of 11 October circulated by ISDA (copy attached for info), a number of you have expressed a wish to formally respond to ISDA on the issues raised.
I've attached the draft we propose to send to ISDA.
If you could let me have any thoughts/comments on the draft as soon as possible.
I'll leave the decision as to when/if to submit the letter to Bryan.
Thanks and regards,
Subject: Bank of England Application

Shortly before the teleconference Board meeting two weeks ago we received an application from the Bank of England for subscriber membership.
When we have considered central banks or government agencies for membership in the past, consideration has focused on the nature of the applicant's derivatives activities, its regulatory role and the type of information they are likely to obtain from ISDA.
Because of their derivatives activities, we have generally admitted these applicants (e.g., the Kingdoms of Belgium, Denmark and Sweden, the Reserve Banks of South Africa and New Zealand).
We have even admitted the Bank for International Settlements as a member.
In general, we let them know that they may not be able to receive the full range of ISDA materials (e.g., draft comment letters or position papers) and that there may be a need to exclude them from certain committees or discussions.
In previous Board discussions, a higher degree of concern has been expressed if, theoretically, the Federal Reserve, the Bank of Japan, the Bank of England or similarly influential central banks were to apply for membership.
These central banks typically have a greater degree of involvement in the regulatory debates (particularly on capital) and are better positioned to influence the process.
Since some of those previous debates, the regulatory role of the Bank of England has diminished and the role of the Financial Services Authority has correspondingly increased.
The Bank of England still plays the traditional central bank roles of controller of the money supply, dealing in the market and lender of last resort, but the supervisory role has shifted to the FSA.
In light of these developments, but recognizing the concerns previously expressed on central bank membership, I would appreciate your views on the application of the Bank of England.
We have also had overtures from the Hong Kong Monetary Authority regarding membership although we have not received an application.
Please share your views with the other members of the Board.
Bob
Subject: Legal Risk Memo re Siemens Repair and Parts Agreements

Please let me know if you have any comments or if I can provide additional info.
re the attached.
The DASH will circulate this afternoon or Monday.
Esmeralda -- Please printo out and fax to my attention at the Woodlands the attachment.