postbot/aeslc_kw huggingface dataset:
Subject: Credit Reserve  - Deal #781643.1

Please add the following credit reserve for September.
Counterparty: PG&E Energy Trading-Power, L.P.
Trader: Rob Benson Deal #: 781643.1 Deal Date: 09/19/2001 Deal Description: EPMI selling 50 MW on peak power into PJM (Western Hub) Cal 05 Notional Volume: 204,000 MW Term: 1/01/2005 through 12/31/2005 Delivery Point: PJM (Western Hub)  **Reserve Amount** $20,000 (Twenty Thousand US Dollars)  Transaction confirmed under EEI executed 03/01/2001.
Thanks,
Subject: El Paso Reserve Deal #783742

Please add the following credit reserve for September.
Counterparty: El Paso Merchant Energy, L.P.
Trader: Rob Benson Deal #: 783742.1 Deal Date: 09/20/2001 Deal Description: EPMI selling 50 MW on peak power into PJM (Western Hub) Cal 08 though Cal 10 Notional Volume: 614,400 MW Price: $39.75/MW Term: 1/01/2008 through 12/31/2010 Delivery Point: PJM (Western Hub) Reserve per Notional Megawatt: $0.15/MW  **Total Reserve Amount** $92,000 (ninety-two thousand US dollars)  Transaction confirmed under EEI executed 03/01/2001.
Thanks,
Subject: New Power

Attached are the updated New Power numbers for COB 9/24/01.
A margin call in the amount of $18MM was made today.
It is still pending confirmation of payment.
Please let me know if you need any additional data.
Thank you
Subject: RBB Visit to London

Since my daughter is going over to London it prompted me to see if that would  be a good time for me to come as well.
Then week of March 5.
I could stay a  day or two if needed.
Any thoughts?
Rick
Subject: General Alarm---Enron Metals Recycling

A "Doorstep" inspection of this business was performed in accordance with our  procedures and apparently this business is a disaster!!!
We need immediate  action on this up to and including shutting it down.
This was the worst we  have seen at Enron and I don't even want to put in this email what I heard  was going on there.
We need a coordinated solution here asap to avoid a real disaster, if there  isn't one already.
I'll speak with Rick Causey here about what immediate  action we should take but the more you guys can dig into this the better.
More to come.
Rick
Subject: Board Review of KCS

The above transaction was presented to the Board on 1-29-2001.
There was  considerable discussion which I have summarized below.
Returns: were the returns sufficient to syndicate the risk.
I answered  positively, which is what the capital price addresses.
The dash return is a  blended debt and equity return.(?)
Was the $19 million excess proceeds enough to allow the company to operate.
I  answered yes since 85% of reserves are producing and little capital will be  needed to develop pdnp and pud reserves.
Is management capable of operating or will they be in chapter 11 again soon.
I answered that the bankruptcy was a result of overpaying for Wyoming deal  and low commodity prices last two years which resulted in a bb decrease below  outstanding.
We will have to watch this issue carefully.
Are banks reluctant to support KCS and could this cause a liquidity problem?
Answered that all creditors were made whole and likely that someone will come  into credit but it was a risk, although for the time being they had enough  cash to operate.
This feedback is just for fyi but it does indicate that board is active and  not a rubber stamp.
Rick
Subject: Julie's Trip

My daughter has reservations at Kingsway House, 71 Eardley Court.
Can you see  if anyone knows if this place is a disaster?
She is going with a girlfriend  that doesn't have hardly any money so they had to find a place that was cheap  which worries me no end.
Tx Rick
Subject: Another $40 Million?

I go away for a day and come back to yet another $40 million of PGE exposure.
I guess the lesson is to not go away.
Where does this end?
This is a painful  way to learn about derivative credit exposure.
Please inform all "deal doers"  at EES that they better have RAC review their deals (Mercury) in detail  before they sign.
This is more out of control than anything else we have at  Enron.
Rick
Subject: Saleries

You all should have received instruction from Sheila W. on the system for  salaries.
I need that info late today so I can look at over the weekend.
Numbers are due Monday am.
Rick
Subject: EcoElectrica/Corinto Valuations for Compensation Purposes

Are these numbers consistent with your expectations.
We will submit to HR if  no onjections.
Traditionally Sutton has looked at the range and made the  decision where to be inside the range.
I don't know if Skilling will do the  same.
I have a voice mail into him to see.
Rick
Subject: Space on 28

Are your plans to stay on 28?
We are doing some planning on office space.
I  have some people in 3 Allen that I would like to move over here but it is not  a big issue.
I had heard that you were moving.
Tx Rick
Subject: RAC Bonuses

I will be working on all RAC bonuses on Wednesday and ask that each of you  review  your department's bonuses on Thursday so that all of RAC can be  submitted on Friday.
Thanks.
Rick
Subject: Ken Curry

Activity levels in Credit Risk Management (CRM) have never been higher due to  very volatile commodity markets, growth in EES and many other factors.
In  order to address these market changes, effective now, Ken Curry will transfer  from Rick Carson's Due Diligence group to CRM and report to Bill Bradford.
Ken has a strong background in credit related issues and should be able to  immediately add value to the CRM group.
It is fortunate that adequate depth exists within RAC to be able to realign  personnel as market needs suggest.
Please join me in congratulating Ken on  his move and in wishing him success in this new assignment.
Rick Buy
Subject: Thank You Note

Karen- Wanted to say thanks for the gifts you gave me the other day for xmas.
I know I often appear ungrateful but that's what happens when you have 2  thousand things on your mind.
The pen and leather "thing" for notes are  great- I'll use both in my annual attempt to get organised.
Rick
Subject: OI

Spoke w/ Skilling re OI "binary" decision.
He is willing to enter into the  deal.
His rational is that he thinks we will be ok on OWC in the final  analysis.
He did  say to reserve for the deal adequately and structure it as  appropriate for the circumstances.
He also wanted to know if there is  anything different here than on OWC.
I told him that it wasn't significantly  different (both strong underlying businesses with huge event risk attached)  Lets get dash completed and then I will voice mail Jeff w/ specifics and get  his verbal signature.
Rick
Subject: Info Central Space

Louise Kitchen, who is now the President & CEO of Enron Net Works and I had a  conversation about the space located at EB2801.
Louise had no objection to  RAC occupying this space since her buildout could not occur until May.
The  space rental should be allocated to 011/100068 and 011/100052 equally.
Rick
Subject: London PRC

Spoke with John Sherriff this am re prc for London RAC people.
John said they  included our people for cross calibration purposes but we could rank our  people where we saw fit.
So I don't think there is any issue here.
The  Houston PRC rankings should stand unless there was new information brought to  light to you Steve that calls into question a person's ranking.
Sheila- please double check with the London HR people that this is  straightened out.
Thanks, Rick
Subject: Draft

The continued growth of the Enron Europe office and related businesses has  prompted a change in the management of Risk Assessment and Control (RAC) in  London.
Effective in early January, 2001, Ted Murphy will transfer to the  London office and mange the RAC activities which include credit and market  risk and underwriting.
Ted will continue to manage the Enron Global Market  Risk activities.
Steve Young, currently managing RAC in London, will begin a  new assignment within  EBS, also in London.
The Houston Market Risk group will be managed by David Port   As Enron continues to expand its trading and risk management businesses, it  is vital that trading and credit policies are administered in a consistent  and accurate manner across the company.
Hopefully this realignment will  accomplish that goal.
Please join me in congratulating Ted, David and Steve on their new  assignments.
Subject: RAC MD and VP Nominations --CONFIDENTIAL

I have two nominations for MD and one for VP.
VP   David Port  MD  Ted Murphy Dave Gorte  All of the above would be in the Specialized Technical category.
Call me if a problem, Rick Buy
Subject: Starburst Deal

Deal needs to go to Skilling (or OOC) because capital price exceeds return.
Otherwise Frevert could sign.
I am authorised to sign for Jeff up to $25 MM  after I leave him a voice mail.
After I review deal I will voice mail Jeff  and that should work.
Rick
Subject: Deferral

Per your voice mail I would like to defer 100% of my ECT Phantom Stock into  the Stable Asset fund.
I only want to defer that which I have to defer due to  my Section 16b status.
Thanks, Rick Buy
Subject: 2000 Strategic Goals- RAC

Mark- here is my response to your request.
Call with questions.
Goal: Total Foreign Exchange Exposure quantified and communicated to BOD.
Performance: Project completed with final tranche of results reported to Finance Committee  Dec 11.
The notional exposure as well as impact on potential impact on  earnings and CTA accounts have been quantified and reported to the BOD over  the past year according to a schedule that has strictly adhered to.
Also, a  template and process has been established to be able to easily report changes  in the future.
Enron has never had a comprehensive review of FX exposure  prior to this activity.
As an aside, there has been a fair amount of hedging  activity resulting from this effort.
Goal: Establish risk and trading control processes for risks unique to EES.
Performance: Systems have been established and monitoring controls are in place across  EES.
A thorough study of the DSM business has been completed and the results  presented to the Finance Committee.
A RAC task force has been put in place  which has established a work plan consisting of 53 elements that EES has  agreed to put in place to get the overall back office and trading and credit  control systems where they need to be.
Significant progress has been made  against these recommendations.
DSM projects have been spot tested with  outside measurement firm and the results reported to EES.
These tests have  highlighted focus areas to determine where the capital dollars are best  employed.
Goal: Solidify the global risk management policy beyond Houston and London.
Performance: Complete and Ongoing.
During 2000, Project Doorstep was initiated by RAC  which inspected every office within Enron to determine if trading was taking  place and if so whether the Enron controls were being adhered to.
A data base  system was developed to routinely prompt surprise inspections of these  offices and also monitor if the recommendations are being adhered to.
Doorstep was a huge effort involving RAC, AA, and operations to really  understand where we have risks.
It also helps in defining where we don't have  responsibility such as EOTT,  Azurix  and The New Power Company.
Subject: Dabhol Phase II l/cs

did i send this to already?
fyi.
this was very contentious at India mtg w/  Lay & Skilling.
We need to understand what our exposure is.
You need to  become our India expert.
Tx Rick
Subject: TXU Credit Exposure

Missed your call  today and I will be in RAC PRC all day tomorrow.
Basically  Jeff said we must get this exposure down but gave no parameters to the  statement.
He did ask if any recent issue is causing us concern to which we  said no, and I also said we know more about this company than any other  exposure we have (which we should).
I also spoke with M. Kopper today and he thinks the proposed deal w/ TXU to  pay slightly more for a plant with the proviso that we get a cleaner contract  is a good idea, rather than paying a lot of money to an investment bank.
Moral of story in my opinion is to try and improve deal structure with TXU  through the plant purchase or other structured deal.
Do no more (large) deals  with TXU that significantly increase credit exposure ($10mm??)
unless we buy  a derivative that reduces exposure simultaneously.
Continue to stay on top of  TXU with frequent meetings with their management to maintain a close  relationship with good communication.
Lets try and discuss Wed if possible.
Subject: Candidate

Totally supportive  of candidate.
I hope we can get her.
Only issue was  reluctance to move to Houston or London.
That will hurt us eventually.
Rick
Subject: Transition

I was really hoping we could do this on a best efforts basis with all of us  covering any issues arising during the month of December.
Since there seems  to be insistence on a date certain there is no choice but to have Steve start  in EBS on 1-1-2001.
Ted can't physically be there until then.
It will be  difficult to have full RAC responsibility without physically being there.
Rick
Subject: Hiring People

Please do not extend offers of employment to anyone without checking with me  first.
This does not mean a freeze but rather I want to be sure there isn't a  person in RAC that may be better suited, or could be with a little training,  for a particular position.
Thanks, Rick
Subject: GB 58

Thanks for the information on the GB 58.
This boat far exceeds what I want.
After the show I concluded that  either a 42 or 46 foot classic is most  appropriate for my needs.
Would like to also consider the 36 foot model.
Thanks for the info though and keep me in mind.
I enjoyed talking to you at
Subject: Andy Knight

Karen- please circulate to all RAC worldwide.
Tx Rick   It is with great sorrow that I must announce the passing of Andy Knight,  manager in the Market Risk Group.
Andy succumbed to cancer on Feb. 22, 2001  and will have funeral services in Florida.
There may be a memorial service  here in Houston arranged through his church but details have not been  announced.
Please contact Veronica Valdez for details.
Andy was with RAC and Enron only briefly before being diagnosed, but made a  real impact especially on those that worked closely with him.
Andy had  a  warm and personable style, which along with his technical capability, made  him a real asset to the group.
He will be missed.
Subject: Conversation w/ Lavo

Was speaking w/ Lavo today on a different matter and he mentioned you were a  great help to him in managing his world and was quite complementary overall.
I can count on one hand how often this happens in RAC so keep it up.
Great  job.
Thanks, Rick
Subject: Retail Credit

Spoke with Ben Glisan re our conversation on retail credit and concluded that  we should meet with some banks that specialize in this area.
Can you prepare  a brief presentation that would serve as a discussion document for such a  meeting.
The concept is that a deal flows into a website??
that is basically  a checklist and the transaction is sized and scoped.
If it met deal criteria  and portfolio requirements, it would flow directly to an outside shop that  would fund, bill, track etc.
Enron could possibly keep a small interest in  economics and of course a skim.
Lets review presentation, then discuss with Ben/Andy and Janet D.  and  proceed to banks.
Ben is clearing idea with Delaney.
We are shooting for a  Friday (23) meeting.
Thanks, Rick
Subject: EES Task Force

The Board meeting has concluded and I can now focus on the task force.
The  following people in RAC have been assigned to this effort as follows:  Legacy Opportunity  Molly Harris Teresa Seibel James Copeland Michael Tribolet Jay Hachen Minal Dalia Don Rollins Rick Carson Jeff Soo Debbie Brackett Sue Vasan  On Going Opportunities  Denise Fury Mark Wilson Dana Smith Andrew Greer Martin O'leary Jay Hachen Dave Gorte Darren Schmidt Vladi Gorny David Port Jeff Soo  This is a huge commitment of staff from RAC and will strain us no end, but it  is necessary.
If you want RAC to lead this effort I will appoint Michael  Tribolet to manage the task.
If you want someone else to manage the  effort  we will assist as we can.
Regardless of who leads this effort we need  following:  Commitment of EES back office staff people  Commitment of IT resources Commitment of Skilling to fund the overage to the RAC budget, which I am  under huge pressure to reduce, not increase.
Let me know how to launch this program.
Rick
Subject: Memo

As mentioned in our floor meeting recently, attached are listings of teams  that we are forming to better address the business needs of Enron as it  expands both in volume and scope.
Supervisors of each RAC sub group provided  the names for the groups with the understanding that they may have to be  adjusted from time to time.
Only the more senior people were included, but  others will be included as appropriate.
Many will have to be  multidimensional.
There will be no formal leader of the teams because each  member is responsible for the activities of the team, regardless of the RAC  group that you are in.
Following are several thoughts concerning this process  for consideration.
- The purpose of this exercise is to better serve the customer, the  commercial business units and achieve this within our control framework.
- Ancillary benefits include cross training of RAC employees and heightened  awareness of RAC issues.
"De-silo-ization" .
- All existing reporting relationships remain unchanged, for the moment.
- Successful implementation of this effort will require a positive attitude  among the teams.
- Existing RAC responsibilities remain in effect.
-  Teams should meet weekly, at least, to discuss issues.
Transactions will  require more frequent informal meetings.
- There are no excuses for forgetting to consider the impact on a deal of  credit, market risk or our portfolio.
- All team members are responsible for all aspects of a transaction.
Offer to  help out if needed.
- If formal cross-training is necessary, force it to happen.
- Encourage weak links in team to perform.
- Each quarter RAC management will conduct portfolio reviews of the business  unit with the team present.
This may take one quarter to implement.
- If it makes sense to sit together for logistical reasons try to arrange it  with your supervisor.
- Individual performance on the teams will be strongly considered in the PRC  and compensation processes.
The existing EES team has been quite successful and in large part was a  catalyst to the recent reorganization there.
You can have an impact.
This process should begin immediately.
Thanks in advance for your cooperation in this effort.
Rick
Subject: Can you bet mixed parlays with your sportsbook?

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You can even parlay a Golf match-up with a football team or whatever team you desire.
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If that's not enough, we will add 15% to your deposit to try our fully licensed online sportsbook.
This offer is good until September 6, 2001.
Sincerely,
Subject: SCR Event Reporting

For those of you that would like to do SCR Event Reporting electronically, a Word Version of Attachment K, Figure 2, is attached.
It will also be posted on the NYISO website in the ICAP Market area.
(See attached file: SCROperDataForm.doc)  - SCROperDataForm.doc
Subject: ISC - Customer Service Survey

ISC - Customer Service Survey Ticket#HD0000000686975, Referred outside ISC     : Thank you for taking the time to fill out our Customer Service Survey.
Your input is crucial to our continued efforts in establishing and providing you with World Class Support.
Please take a minute and complete the 5 question survey then submit it back to us when you are done.
Once again, thank you for your participation.
Subject: *** - INVOICE SCHEDULING CHANGE - ***

DCongel@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:  Market Participants:  All advisory statements for 11/1999,12/1999, and 4/2001 have been posted to each customers web site.
08/2001 will be done this evening.
The NYISO was originally scheduled to invoice November 1999 and December 1999 on Friday 9/7/2001.
We have decided to delay this until next week to allow extra time verifying the data, and determining the correct version mapping for reconciling invoices.
April 2001, and August 2001 will be posted on 9/7/2001 as scheduled.
Payment dates associated with the November 1999 and December 1999 will be adjusted as necessary.
Market participants will be notified of any change when the invoices get posted.
Subject: Offline Backups

IMPORTANT  MESSAGE!
PLEASE READ!
FILENET SYSTEM OUTAGE  				NOVEMBER 16, 2001   The FileNET System is scheduled to be down for monthly offline backups.
All users including IPayIt will not be able to access the System after 5:00pm on  Friday November 16th.
We anticipate users having full access on Saturday morning November 17th.
If you have any questions or concerns about this outage, please feel free to call the Help Desk @ 713-853-1555 Option #1   Envision/Encompass Support Team Document Mgmt and Process Automation 713/853-1555 Opt 1
Subject: results of the football pool

Hello everyone,  	We already have a winner in this week's football pool.
Rudy Acevedo only missed 5 games and picked Minnesota in tonight's game, while the other people who missed 6 games, all picked Minnesota as well tonight.
There were 21 people who played this week, making the prize $63.
Among the games widely missed were: in college, mainly just the Alabama/Auburn game; in the pros, Atlanta/Green Bay; NY Jets/Miami; Cleveland/Baltimore; Washington/Denver and Chicago/Tampa Bay.
With the short week this week, there will not be a pool this coming weekend.
We will resume next week.
Here are the amount of games missed by each person who played this week.
Andy   Rudy Acevedo		5 Kayne Coulter		6 Todd DeCook		6 Rob Benson		6 Bryce Schneider	6 Russell Ballato		7 Dave Ryan		7 Paul Broderick		7 Larry Jester		7 Carter Ellis		7 Thomas Lowell		8 Gautam Gupta		8 Jeff Miller		8 Pat Hanse		8 Steve Pan		8 Jaime Gualy		9 Joe Step		10 Andy Pace		10 Larry Campbell		11 Ashish Mahajan		12 Diana Allen		14
Subject: The Insider from Travelocity.com

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Subject: SAT schedules

Hey Larry,  SOCO and JEA deals in Excel were checked with all upstream and downstream counterparties using OATI.
They all saw what we saw.
brant  John/TXU Brad/TEA Jack/JEA Todd/Soco Joe/Morgan
Subject: Find the perfect gift for everyone on your list!

It's a wonderful life.
Celebrate the moment.
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