Chris Calger and I will be holding a series of meetings with employees today and tomorrow to communicate what we know about how the merger with Dynegy will impact the West power operations in Portland and San Francisco. Chris will meet with his team this morning at 9 AM in the Mt. Hood conference room. All employees who report in to Chris' organization should attend this meeting. In addition, Structuring, Renewables, Human Resources, and the 4th Floor Legal team should plan to attend Chris' meeting. Tim will meet with his team this morning at 10 AM in the Mt. Hood conference room. All employees who report in to my organization should attend this meeting. In addition, Risk, Credit, IT, Government Affairs, and the 3rd Floor Legal team should plan to attend Tim's meeting. If you are unsure which meeting to attend please ask. We realize that many people are out today due to the Veteran's Day holiday (no cash trading or scheduling today). We will have another meeting tomorrow morning for people who were unable to make it to meetings this morning. We will announce the time and place of that meeting soon. We recognize that the last couple of weeks have been unsettling for many people. Our goal over the next couple of days is to get back to business as usual. There are no mandatory layoffs planned for this office. Chris and I met with John Lavorato, Louise Kitchen, and Greg Whalley over the weekend. Their marching orders were clear -- go back to Portland and get back to work! As we mentioned in the all-employee meeting a few weeks ago, this office has a reasonable cost structure and is very profitable.
Answer: What Does the Dynegy Merger Mean for West Power?
Don't you want to sign up as a contestant on this show? - Subject: Survivor CBS is showing "Survivor 2" this winter. In response, Texas is planning "Survivor, Texas Style." The contestants will start in Dallas, travel through Waco, Austin, San Antonio, down to Houston and Brownsville. They will proceed up to Del Rio, on to El Paso, then to Midland/Odessa, up to Lubbock and Amarillo. From there, they proceed to Abilene, and on to Ft. Worth and back to Dallas. Each will be driving a pink Volvo, with a bumper sticker that reads "I'm gay, I voted for Al Gore, and I'm here to confiscate your guns." The first one to make it back to Dallas wins.
Answer: Survivor
Jeff, We talked about my joining HPL after the sale was consummated several weeks ago. You had indicated that you would work up some information and send it to me. Is it ready? Gary Prescott and I have verbally agreed to a level of compensation which I understand you are working into a document. He has also assured me that I will be credited with my initial start date which is March 9, 1967 and be fully vested in the various benefit, retirement and vacation plans. Can you confirm this? Enron has indicated that since I am over 55, I will be fully vested in any unvested options, however, all of my options will need to be exercised on the earlier of the original expiration date or a date that is 3 years from the time I leave Enron's employment. They indicated that it makes no difference if I retire or terminate. I can see no benefit in retirement from Enron because I am currently vested in the savings plan which I will roll over to an investment account when I leave Enron and I see no reason to sign up for the Enron Retirement Health Benefits because AEP appears to have a similar retirement health benefit plan. Isn't this the case? Please respond at your earliest opportunity so that I can better understand how I need to approach Enron concerning my possible departure from Enron for a career opportunity with HPL.
Answer: Houston Pipe Line Company
tanya: Just a quick update on the LC situation. We sent a renewal request to Enserco yesterday and they said they would get back to us tomorrow. If they don't renew by tomorrow I think that we should send them a notice of Event of Default letter which would give them until Wednesday to cure. If not cured by Wednesday, we could terminate and be in a position to draw on Thursday/Friday. Who can I coordinate with next week on this? Leslie Reeves is checking on a few of them that owe payments this week to see if they have paid. On Vitol, Tom is obtaining a copy of the LC and seeing if they have paid. He is also checking into Ballarpur. Greg Johnston e-mailed me to say that they were handling EPCORE and Engage. We have concluded that nothing can be done on Energy Service Providers, Trafigura and Glencore.
Answer:
LC's