Here is an email: Status of core/noncore proposal Buzz about the proposal in Sacramento is still significant and growing. Our name is being tossed about, but in the context (apparently) of "some parts of Enron's core/noncore proposal." Hertzberg is slated to meet with his caucus this evening to discuss the plan. Conversation with Governor's Financial Advisor Talked to Michael Hoffman today (one of Governor's financial advisors) They've run Hertzberg's version of the core/noncore model (i.e., noncore eats IOU past due) using their MOU numbers. They said that the model "can work" if noncore can contract for $80/MWH (this is pretty consistent with our analysis). Hoffman's guys are doing a final scrub on the numbers and Hoffman will fax me the results tomorrow AM. Hertzberg is coming up with "additional" twists, however. The twists include increasing the bond issuance to ~$20B (to keep core rates down). Hoffman and Co. are concerned that the market can't/won't swallow $20B of additional debt (the MOU would issue about $13B). In addition, Hertzberg wants to stretch it out for 20 years (the MOU would issues 15-year paper)----Hoffman and Co. are concerned that the market won't
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A: Gov's Financial Advisors Run Core/Noncore Numbers and other news from the day
Q: Cleaning out my mailbox, and I find this message from John Perschke reporting on homecoming, and requesting I sent you a note. Sorry to delay; things have been just exquisitely busy here at work the past few months. So I'll send a quick note, and more when I hear back from you (the email address looks suspicious, so I'll verify it first). Big project is just wrapping up, so I'll have more spare minutes soon, I hope. Hope all is well with you. Still in Houston?
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A: greetings
IN: Kevin, Vasant and I talked to Clayton about his request for transfer. Clayton received a conditional approval contingent upon completion of the current project he works on. Vasant will formulate exact definition of the deliverables and we will hold Clayton to it. If he fails to deliver the request for transfer will be rejected. Anything else would be highly demoralizing to everybody. Clayton has so far produced exactly zero (no single output was delivered) though he was advertising the projects inside and outside the group as completed. I want you to be aware of it, because I have serious doubts regarding Clayton's integrity. Vince

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OUT: Clayton Vernon
IN: This is an email
In order to remain consistent with Enron's new security access procedures for the Enron Center Campus in Houston, all Body Shop Members and Guests will be required to present their Enron Photo Badge ID or a Photo Driver's License to the Body Shop Security Officer each time they enter the Body Shop. We appreciate your assistant to expedite these procedures by being prepared to present your ID to the Body Shop Security Officer each time you enter the Body Shop. All members will continue to use their Enron ID Badges to access the exterior Body Shop building security card reader as well as use their Badge ID's at the Body Shop Front Desk Member card reader. Lee Wright Body Shop Program Manager

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OUT: Body Shop Security Access
QUESTION: I received a message that there will be a surprise lunch for Rich Jolly on Friday, March 29 from 11:30 to 1:00pm in ECN46C1. Rich is retiring after 35 years of service. Everyone is invited. Thanks, Kim.
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ANS: Surprise lunch for Rich Jolly
IN: Carol: Laurel Adams was wondering whether any of the paralegal candidates who we interviewed might have a good background for "back office" duties. I have no idea whether salaries are comparable but she needs someone who can spot issues and learn the confirm process at the same time (if no experience in the confirmation area). What do you think? Sara

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OUT:
ECT Investments confirm specialist (debt trading)