postbot/aeslc_kw huggingface dataset:
Subject: End of quarter origination numbers

Q3 now over, you will each be receiving in the internal mail a copy of the origination numbers associated with each of your groups.
Please could you ensure the numbers are both;  (i) Correct, and  (ii) Correctly allocated  Should employees have left the group or company please do not allocate the amount to another originator as this will distort the numbers, just leave the name of the employee and number in place although they have left.
These numbers will be used as a (obviously only one component) component of performance review.
As you know we also monitor the soft targets so please ensure these are correct too.
If you want to check your progress on soft targets - these are available from Faith.
Please send all alterations to Faith Killen or call her on 30352.
Thanks
Subject: GISB update?

Hi Barry, I'm just following up on the status of the DWR GISB.
Any word for me?
Call if you have any questions.
Thank You,
Subject: Capacity Rights Under Possible Extension of PG&E's Gas Accord

I'd like to keep this confidential, but someone inside PG&E's gas group (for what it's worth) told me that participants will have a choice under PG&E's proposed extension of its Gas Accord.
Either the participant can retain the capacity for the term of the extension (less the cost escalators in the original deal) or release the capacity back to PG&E with no penalty.
I'll try to confirm that this is the view among most in PG&E.
Best,
Subject: remaining vacation

I think I have 12.5 days left.
1.
I plan to carry 5 days to 2002  2.
1/2 day October 25 and October 26 (teacher's conferences, field trips)  3.
November 21  4.
December 26, 27, 28,31  5.
1 extra day Nov 26?
Subject: PGT contract

Spoke to Ray Welch.
They were supposed to meet with their lawyer yesterday - the lawyer never showed up.
They'll try to get their comments together in the next few days.
He mentioned that they were meeting internally on your transport swap structure Barry.
Subject: Middle Market Customers that Denver would like full responsibility  for

The following customers are currently covered by Fred Lagrasta's middle market desk primarily for derivative transactions.
In all cases except for Hallwood, ENA Denver has a relationship with these customers that primarily covers their physical business, we would like to expand that business to cover their Derivative business as well.
The list is based on priority.
We would be willing to cover them for their West Gas business only.
Fred could continue to cover their East, Central and Oil/Liquids business.
Xcel Energy (PSCo) and affiliate e Prime.
Devon Energy Cross Timbers Hallwood Energy Forest Oil Prima Patina Oil and Gas Westport
Subject: Meeting with Weather group

Barry,  We would like to set a time when Dave Kistler is back in town to discuss our list of companies that we would like to pursue along with your guidance.
Dave will be in town Nov 6th-7th, therefore, I would greatly appreciate you taking the time to meet with us for 30min-1hour.
Please advise on your availability.
Thanks so much for you time last week and we look forward to working with you in the future.
Jenn McClain
Subject: ENA Origination Track

All,  Further to your recent discussions surrounding the ENA Origination Track I will shortly be scheduling an interview date for you to interview recommended candidates.
You have already received the attached list of suggested candidates and as I understand it you have no comments on these individuals thus far.
In order to match the success of the ENA Trading Track it requires your 100% commitment and participation in the following areas:  1.
Interviewing 2.
Training 3.
Mentoring 4.
Promotion of the Track  I will contact each supervisor of the attached list of candidates to gain further feedback on these candidates, prior to contacting them, and ensure their respective buy-in.
If you have any questions please call me.
I look forward to working with you on this Track.
Kind regards,
Subject: FERC Initial Decision in Hearing on TW Negotiated Rate Deals

FERC today issued an Initial Decision in the hearing in the Transwestern case concerning several negotiated rate agreements to which Indicated Shippers and the CPUC had raised objections.
Briefly, the Judge ruled that Transwestern had not exercised market power and that the capacity was advertised and awarded in accordance with Transwestern's tariff.
However, Transwestern must modify its tariff to add a separate provision where all the posting, bidding and award procedures for purposes of awarding capacity are clearly stated.
A highlighted copy of the ruling is attached for your information.
Subject: FERC Draft Orders on Kern River and PG&E Projects

FERC today issued Draft Orders denying rehearing in the following:  Kern River, CP01-31 (2002 Expansion Project) Rejected arguments of the Firm Customers that the project should not have been approved or, alternatively, the rights of the expansion shippers at Wheeler Ridge should be subordinate to those of the existing shippers.
PG&E Gas Transmission, NW, CP01-141 (2001 Expansion) Rejected Newport Northwest LLC's assertion that requiring the expansion shippers to pay a fuel cost surcharge to recover any incremental fuel costs due to the additional compression approved for this project is contrary to FERC precedent and the policy statement on expansion facilities.
These orders should be issued within the next few days, and we will circulate copies.
Let Melinda know if you want to see the draft copies before then (they are not available electronically).
Subject: California AG Investigating Consultants

FYI.
The California AG has announced that he is investigating conflict of interest charges against consultants who were involved with arranging DWR's long term power contracts.
May be part of Davis' attempt to "re-negotiate" the contracts.
There's been some assertions that, under California law, any contracts negotiated by consultants with financial conflict of interests must be nullified.
Subject: Citizen's Gas/Enron Transaction in Arizon

Jim:  As we have discussed, ENA is trying to close a gas supply transaction with Citizens Gas in Arizona to provide gas supply to Citizens for ultimate delivery to PP&L for the Griffith power plant.
As part of this transaction, Enron Asset Management Resources (EAMR) would provide services to operate a pipeline that interconnects El Paso and Transwestern to the pipeline header system that ultimately interconnects with the Griffith power plant.
To date, it has been the reasonable position of EAMR that its liability for services provided to Citizens should be "capped" at the sum of its annual fee of $144,000.
Citizens wants a $1,000,000 limit.
Citizens and EAMR have agreed to all aspects of the services deal except this liability question.
Although it might be possible to close our gas deal without EAMR, this is far from certain.
I have been trying to come up with an approach that would bridge this gap so that the ENA gas deal can be closed.
This e-mail is intended to indicate the value of this transaction to Enron and get your viewpoint as to the feasibility and cost of one of two deal structures:  1)  ENA buys insurance to cover the cost of our buying a policy to bridge th gap in liability from $144,000 to $1,000,000.
2)  EAMR decides to increase the laibiltiy to $1,000,000 in return for increasing their earnings on the deal by the amount ENA would pay fior the insurance product - about $120,000.
ENA's preference is clearly for approach 2.
The attached spreadsheet indicates the value of this transaction to Enron.
ENA will earn approximately $3 million on the deal.
Please keep this number in confidence.
In addition, we have budgeted about $120,000 for the insurance product to increase the liability of EAMR from $140,000 to $1,000,000.
Can you please advise me as to the feasibility of 1) or 2) above?
If there is no way we are going to get there, I need to know fairly quickly so I can explore other options.
If it is possible, which of the above 2 approaches is better from you perspective?
Citizens will be here today at 3:00 pm.
I would greatly appreciate some feedback from you by that time.
To contact me please call Kim Ward at 713/853-0685 and she will be able to find me.
Thanks very much for you time.
Chris
Subject: West Gas 3Q YTD Origination

Barry,  Attached is a revised origination schedule for 3rd quarter and supporting detail.
Please provide any revisions by Wednesday, October 31.
I will consolidate the originations for all teams and submit to Louise.
Let me know if you have any questions.
Subject: blue 67

Hey there Barry!
Just wanted to drop you an note to say thanks for the cocktails and laughs the other night in Denver.
We had a great time with you guys.
I will store your card and give you a call or drop you a note before we come to Houston next season.
Maybe you can round up some Houston buddies that could entertain us as much as your Denver ones!
We are off to San Antonio this week with the Lakers.
It is a fun town.
I am sure we will manage to find some kind of trouble to get into.
Do you ever go there?
Any good restaurant recomendations?
There are so many to choose from.
Talk with you later,  Debra
Subject: ENA/EES

I thought that is might be helpful to outline what we agreed to with EES.
I have taken a shot at it.
I would like to get agreement within ENA and then forward to EES.
Please provide your comments.
Frank
Subject: Bridge/Telerate login and password

Barry, Your password has been reset and you may want to start using this one as the testdev password is a temporary id and changes frequently.
Please let me know if you have any problems with this one.
Thanks,
Subject: Contract Review

Barry,  The information on the top 10 from your contract list  1.
Duferco-Farrell Corp. - Could not find any contract in our database.
Do we have the name correct?
2.
XTO Energy Inc. - There is no MAC clause in the contract.
So they can't terminate unless we fail to perform.
One way termination payment 3.
Power Authority State of New York - No Master Found.
Only a GTC and Master Interruptible.
4.
The Peoples Gas Light and Coke Company - Found an old Columbia Energy Marketing and Consolidated Natural Gas Company.
No MAC termination clause and no termination payment calculation.
If party fails to perform then other party can seek damages.
5.
NUI Utilities, Inc.  - MAC Clause triggered at BBB-.
Two way termination payment 6.
Louis Dreyfus Natural Gas - No Master found.
Just GTCs and a Master Spot 7.
Florida Power and Light Company -  MAC Clause triggered at BBB-.
FPL can terminate unless we provide LC equal to their Termination Payment.
One way termination payment.
8.
The American Coal Company - Couldn't find any contracts.
9.
Trigen Energy Corporation (Found Trigen-Nassau Energy Corp.) - No MAC Clause.
No  specific remedy for default (i.e.
termination payment) 10.
PrimeSouth, Inc.  - Could not find any contracts  Sorry for the delay.
Let me know if you need more information.
Subject: Santa Clara Purchase

Please find attached a draft agreement for the purchase of EPMI's position with Santa Clara.
Peter Meier   <<Purchase Agreement ver1.doc>>    PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility.
Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission.
Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.
Subject: Letter Agreement  for Kern Capacity

Mr.  Drexelius,   	Per Barry Tycholiz request, attached is the letter agreement for assignment and payment for the Kern River Capacity.
Please execute immediately and fax to my attention at (713) 646-3490.
Upon receipt I will forward to Barry for decision to execute or not by 1:00 pm.
Thank You for your prompt attention to this matter.
Subject: Oops!

Barry, what did you do to the company!?
Listen, sorry to hear about the  problems at ENRON.
What a strange turn of events.
It is pretty bizarre  after 10 years of ENRON being the model for other companies on how to  succeed in the energy industry.
What's your take on why it happened?
We get  a little bit of news down here but we're a little out of touch.
How are you taking it?
Are you pissed?
Do you feel like you squeezed pretty  much what you wanted out of the job?
What's the next thing for Barry Tic?
Well, like all of life's curve-balls there is always something sweet in the  next pitch you get (jeez, how sappy is that!).
Anyway, hope you're taking  it all with the good nature you always do.
Hey, maybe this will give you the chance to take a holiday in Ecuador  (Christmas turkey at our house this year?).
Say hi to Kim for us, drop me a  line as soon as you can (a better address to reach me is craigh@ph.com.ec).
Sorry I haven't sent a note before this but you know we are always rooting  for you.
Your pal, Craig.
Subject: See you please

I left a message for either one of you to call.
I need to see you today.
Early as possible.
Shouldn't take any more than 10 minutes.
PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility.
Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission.
Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.
Subject: Contractual Obligations Associated with Long Term Pipeline Contract

Greetings Steve:  We have had many inquiries regarding our transportation agreements, specifically PGT, Kern River and El Paso.
Most pressing is PGT's request to market capacity on our behalf.
Although I do not believe we need to have PGT perform this function, I do believe we could mitigate some demand charge exposure for "the estate".
Are you available to meet with Barry and I first thing tomorrow morning?
We need to have an answer for PGT's request.
We need to know what the contractual rights are for 1) the pipeline when a shipper declares bankruptcy and 2) our ability to mitigate demand charge exposure by releasing capacity on a short term basis (month at a time?).
Better yet, can we unilaterally turn capacity back to any of these pipes or do we need to reach some type of court approved settlement?
Obviously, we have many questions.
Please advise of your ability to meet ASAP.
Thanks,
Subject: PG&E GTN Customer Survey

PG&E National Energy Group and any other company referenced herein that uses the PG&E name or logo are not the same company as Pacific Gas and Electric Company, the regulated California utility.
Neither PG&E National Energy Group nor these other referenced companies are regulated by the California Public Utilities Commission.
Customers of Pacific Gas and Electric Company do not have to buy products from these companies in order to continue to receive quality regulated services from the utility.
Subject: List of Reviewers

I sent three names to you for my reviewers.
Laura Wente, Mark Whitt, Gerald Nemec.
You may want to add someone from the desk - your discretion.
Thanks
Subject: More Info: PG&E to Announce Open Season on Redwood and Baja Early  Next Week

PG&E will announce via press release very early next week an open season on Redwood, Baja and Silverado.
It comes in direct response to recent announcements of expansions into California by pipelines.
The bid protocols will be structured similar to original open season from the original Gas Accord.
The open season will start on June 1 and end on July 31.
Capacity will be available starting 1.1.03.
Bidders will be able to bid up to 30 years (PG&E states that that's what generators want).
Accompanying the announcement will be another announcement that PG&E will expand Redwood by 200mmcf/day, which they hope to have available by 1.1.03, or some time during Q103.
About 2-4 weeks after the open season begins, PG&E will file its proposed "Gas Accord II,"  (the first one expires end of 02).
As part of that filing, PG&E will offer its proposed ratemaking treatment for the next five years (beginning 1.1.03).
PG&E will not include in the open season 1) core capacity and 2) certain EAD contracts that extend beyond the Gas Accord 1 end date.
In addition, PG&E will hold back an additional 20% (after excluding core and EAD), to be "open-seasoned" at some "future" date.
The capacity to be auctioned is: 1) 900 mmcf/day on Redwood, 2) 245 (annual) on Baja, plus an additional 200/day in summer on Baja, 3) 155 on Silverado.
How PG&E will market the 20% they intend to hold back, and when they might auction it off in the future will be discussed in PG&E's Gas Accord II filing.
No single company will be awarded more than 30% of the capacity on any specific path in the primary open season (though firms can bid whatever level of capacity they choose).
Please forwad along to anyone else who might be interested.
If you have any questions, just holler.
Best,
Subject: Draft MSA and Confirm (Palo Alto)

Attached are a draft of the MSA and a Transaction Agreement under the existing Enfolio Master in place between ENA and the City of Palo Alto.
Please review.
There are a few questions and blanks to be completed after your review.
Subject: Rotating Analysts & Associates

Barry, per our conversation, attached are resumes of rotating Analysts and Associates.
If you are interested, you may contact them directly.
Please keep me posted of your interest.
Analysts   ,   ,   ,   ,     ,  ,    (Bucky, Brent, and Marc are moving from our London office in January)  3rd-Yr Analyst   (Eligible to promote to Associate at year-end)   Associates   ,   ,   ,    Thanks in advance for your consideration!
Subject: Revised Sierra Confirm

Revised per your request.
I did remove the conditions precedent.
All outs in the Cinergy Trading Firm Contract have expired.
I understand that Kern has a final certificate from FERC.
Is this the case?
We do need to have the executed assignment docs, before we sign this paper.
Subject: Euro Option 11-2-01.xls

Barry and Kim,  Attached is my first go at our European option model.
It is capable of valuing monthly physical or financial calls/puts.
I've tried to make it user friendly by using a similar format as we are using for our swap/spread models.
Please let me know if you like its functionality, and provide me some input on how you might want to fiddle with it when doing real time pricing.
Phil
Subject: Thermo Ft. Lupton Co-generation Plant

We have a very good relationship, and long term gas sale with Thermo Partners who manage the 270 MW Ft. Lupton facility.
They have inquired as to Enron's interest in either buying the energy, tolling or buying the entire plant.
The effective date would be July 2002.
The plant is currently under a QF contract with PSCo.
Mike, I would like to see if you have some time on Monday afternoon to discuss the particulars and we can devise a game plan to get you connected with these guys.
Let me know your availability.
Thanks
Subject: Origination Track (ENA)

All,  The below is the final list  of candidates that I have recieved to interivew for the Origination Track.
All names have either been recommended or approved by their manger.
Each candidate will be contacted tomorrow and we will proceed with a late November interview date.
You, as the managment team will be expected to interivew candidates.
If there are any final additions you would like to make to the below, please let me know asap.
Kind regards,
Subject: PLEASE RESPOND BY NOON FRIDAY -- ENA Comments, NOPR on Intraday  Recall Rights

Attached are comments which ENA proposes to file in response to FERC's Notice of Proposed Rulemaking establishing the right for releasing shippers to recall released capacity from the replacement shipper for nomination at each of the first three GISB prescribed nomination deadlines.
The comments support the NOPR except that we say the FERC should make it absolutely clear that the intraday recall right must be part of a specific and express agreement between the releasing and replacement shipper, and that FERC should schedule a workshop after issuing the order so that operational concerns, such as accounting and gas tracking issues, can be worked out.
Comments must be filed by Monday, so please let me know if you have any concerns or suggestions by noon CST on Friday, 11/16.
Thanks.
Subject: Revised Docs.

Barry,  Attached are redlines of the docs with the changes we discussed today.
Please pay special note to the Maximum Daily Deliverability Quantity of the Confirm.
I want to discuss how this limits us and what flexibility this section needs.
Please review and lets discuss.
Subject: Rotation Opportunity

Barry -  My name is Brian Wood and I am an Associate who is currently up for rotation.
I spoke with Shelly Friesenhahn from the Associate/Analyst Program and she recommended that I contact you about openings within your group.
I would be very interested in talking to you in order to find out if I would be a good fit for your needs.
I have spoken with an Associate in your group, Phil Polsky, and am excited about the business and learning opportunities in West Coast Gas Origination.
In my previous rotations, I have participated in a broad base of structuring, modeling, and origination activities.
To provide further detail about my experiences and achievements, I have attached my resume for your review.
With everything going on in the company, I know it may be difficult to find time to meet with me.
Please let me know when it would be most convenient to stop by.
I look forward to having the chance to explain how I could provide value to your group.
Thank you for your consideration,
Subject: Puget

I called Bill Gaines of Puget to try to relax our credit constraints.
We just traded voicemails, but agreed to talk on Monday.
My general message, unless you have something to add or subtract, will be: "lots has gone on at both companies, makes sense to get together to meet your team to talk about gas and power - probably is more we can be doing together, etc.
meeting in late Nov/early Dec".
Thoughts?
Chris
Subject: Origination Track - Interviews Wednesday 28th.

All,     Below are the confirmed list of names to be interviewed for the Origination Track, Wednesday, 28th November.
(there are a possibility of a further 3 candidates).
All of you are confirmed to interview, however I require another 4/5 interviewers (Manager/director level) to ensure all candidates are interviewed by 5 originators.
Pls advise who from your groups can facilitate interviewing.
Interview schedules/resumes will be sent to you early next week.
I look forward to hearing from you.
Regards,
Subject: Montebello

I was advised by Lad Lorenz of Socal that their original application sets forth the plan by which they will sell the residual gas in the Montebello storage field.
Can you please advise me of the final tems of the PUC decision (should have been announced yesterday) and get a copy of the application?
Based upon yesterday's conference in D.C., I  think the restructuring of Socal's backbone transportation is about to become a hot topic again!
Please keep us apprised.
Regards,
Subject: Pricing Sheet

Barry, Take a look at this Version II of the Pricing Sheet.
Let me know what you think.
Also, I was unclear on your comments about the NYMEX chart - were you wanting me to add historicals?
Subject: Origination Track Interviews - Postponed

All,   The origination track internal interviews scheduled for tomorrow, Wednesday 28th November will be postponed until further notice.
Please remove from your calendar.
Kind regards