QUESTION: Jeff: Thank you for agreeing to spend a few minutes on Tuesday, April 17 with Moody's Investor Service. You are scheduled to speak at noon in room EB50M. To put the day into context, Moody's will have heard prior to your session presentations from Andy and Ben on 2000 results, Mike McConnell on Global Markets, and Jeff McMahon on Wholesale Services. Our afternoon session will include presentations from Dan Leff on EES, Rod Hayslett on ETS, Kevin Hannon on EBS and Rick Buy on RAC. In attendance from Moody's will be (in order of rank) Mike Foley - Group Managing Director, John Diaz - Managing Director, and Stephen Moore - Relationship Manager (our analyst). Diaz and Moore are very familiar with the Enron credit profile. Foley is their boss. He apparently is the leader of their ratings committee. He has not historically attended our meetings. Key messages for you to hit (which will have already been touched upon by Andy and reinforced throughout the day) include: Enron's core businesses - have never been better. We are the market leader in gas and power by a wide margin; Portland General - we will ultimately divest of this entity and are disappointed that the Sierra Pacific transaction was derailed by regulatory hurdles. However, PG provides considerable, stable cash flows; International Asset Sales - we are still committed to liquidating our interests in low returning investments. Market problems have delayed our M&A effort but we expect movement in the next 12-24 months; Credit Profile is critical to core businesses - we protect our credit rating as a matter of corporate policy. Our asset sale and corresponding capital redeployment strategy is based in part to allow us to either reduce leverage or to invest in areas with stronger cash flows thereby improving our key coverage ratio; and Issue Resolution Ongoing - we have some issues (such as California, Dabhol, and Azurix) which are important and are receiving the attention of top management. They will be covered by Ben and Rick Buy's group. The main message is that they are not representative of our core business. If you have any questions, please call me at x31770 or (713) 962-4013 (cell phone). Thanks,
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ANS: Moody"s Annual Review Meeting
Where did he rank against other folks at the super saturday? I would argue that if he was in the top 30%, we should accomodate his need. regards
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answer: ENA Associate Candidate Question
In most cases, ENA will be a net buyer from Tenaska IV for activity related to the Cleburne plant. However, for October 2000, the plant was down the majority of the month and ENA sold off the supply, resulting in ENA owing money to Tenaska IV. I have created deal 529856 with a demand of $1,798,389.73, which is the calculated amount of income on the Cleburne desk. (Please see the attached schedule.) We need to pass this income on to Tenaska IV. Do we need to pay this amount (wire from ENA to Tenaska IV) or is there another way to do this? This is the case for October 2000 and could possibly happen again in the future. Greg, Troy, Jim - Please let me know what you think about settling this. Megan - Don't pay the amount until we here from the Greg, Troy and Jim. Also, make sure that we have received dollars from the spot sales before we reimburse Tenaska IV. D
Answer: Tenaska IV 10/00
Here is an email: All; Attached for your review is a draft memorandum from the ENE OTC to employees on the upcoming year-end 2001 process, specifically addressing clarifications to the process and highlighting changes as a result of the Lay-it-on-the-Line survey . The memo is intended to demonstrate the three components that comprise the review process: feedback and evaluations, talent discussions and bonus, and provides you with choices on how you wish to proceed for YE01. For example, doing all three in the above order, or alternatively feedback/ bonus and thereafter talent discussions or feedback and bonus only. Please note that this memo would not be sent to EEL - since EEL is administering their review process slightly differently (i.e. it is not holding meetings at year-end). In conjunction with the ENE memo we have also prepared a draft template for each business unit/function to use in communicating the details and mechanics of their process to their employees. The purpose of this template will be to enumerate the choices each Business Unit/Function has in administering their processes - feedback and evaluations, talent discussions and bonus process. We look forward to your comments. Thank you,
What is a potential subject line for this email?
A: Draft PRC Memo for Approval
Q: Chump, Long time no hear. Sorry it's taken me so long to touch base with you. Between work, the wedding, and the fact that we just purchased a house (pending inspections) I've been pretty stressed. As far as the wedding goes Lisa and I have decided to scale down considerably. We're only going to have immediately family and the folks in the wedding party. For me that includes you of course, Moller, Kampy and Peremes (even though she won't be in the wedding). Don't tell her though, she's the only one I haven't mentioned anything to. I'll make sure you and Moller get to share a room. I feel kinda bad about not inviting Lowery since I was in his wedding, but I don't feel like dealing with Kim. She's really annoyed me the last few times I've seen her. We still plan on having it at the B&B in Long Beach Island. We'll have a catered dinner for about 45 folks. It should be more manageable and cheaper this way. Do you have the exact date when you'll move back to the states? I'm psyched you'll be a lot closer. You could swing over to Houston and check out the new house. By that time we should have it in decent shape. We bought the ugliest, most beat-up house on the block. It definitely needs a lot of work. We'll be busy for the next year working on it. I think when it's done, it'll look pretty cool. Anyway, send me an email and let me know how everything's going and when you'll be back. Take care and tell Marie we said hi. Kevin
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A: Wedding
Here is an email: We will be offering the Derivatives II training course November 14th/15th in the 2WTC Oregon Room. Space is limited to 25 participants, so if you are interested in attending, please let me know no later than Monday, November 5th. Thanks,
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A:
TRAINING OPPORTUNITY: Derivatives II (11.14.01-11.15.01)