I want to provide you with clarification and some additional information in light of yesterday's announcements regarding Enron's filing for Chapter 11 bankruptcy protection. In Friday's email, we advised you that the business units will communicate any news regarding elimination of your position, that this information will have been coordinated with the Program in advance, and that it will be definitive. To be clear, this means that any news regarding whether you will be retained or terminated will be delivered by the business units (not the Program), and it will be final. Later this morning the business units will begin floor meetings, and will communicate further information and instructions to you. As a result of these recent events, all activities and responsibilities of the Associate / Analyst Program are being transitioned to Human Resources. Over the next few weeks, the Program's current HR Generalist Terry Bosien will work with the business units to make this transition as smooth as possible under the circumstances. Through Friday December 14, please make Terry your primary point of contact for any questions or issues you might have. Finally, I must say that I'm very proud to have led this Program over the past several months. I want to thank each member of my team for their hard work and dedication to the many things we've achieved. I am grateful for the contributions all of you have made to Enron, and I wish you the very best of luck. With best regards,
Answer: Associate / Analyst Program
Too hot a market: How energy producers manipulate California (Published Sept. 22, 2000) The priciest place to shop this August in California was in Pasadena. There at the California Power Exchange, where much of the state's electricity is bought and sold, prices that utilities paid for power (an average $166 per megawatt) were up fivefold from the previous August ($32). What is happening? Among other things, too much power on hot days is being purchased in the near-panic environment that develops in the hours before a possible crisis. Too little is being purchased as it should be -- days, or even months, in
Answer: Editorial from Today's Sac Bee
do I need to do anything? I believe the only transaction I had was related to a set of shares which were released to me earlier in the year. Some of the shares were sold at that time to pay the income tax on the distribution. We discussed this before and my recollection is I did not have to make a filing. Could you confirm by e-mail?
Answer: Form 4 Reminder for April
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
Answer:
Puget