Summary Risk Data as of 26Dec2001 Previous Active Financial Deals 71 71 Active Physical Positions 40 40 P&L Daily ($thousands) 88.3 47.0 VaR ($thousands) 1,626.3* 1,611.4* ETS Margin Account Deals 0 0 *The VaR continues to be over the ETS VaR limit of $1,000,000. Company MTM by Counter Party Asset Liability Net 21Dec01 Previous Change NNG EL Paso Energy Marketing 17,727.8 (20,164.3) (2,436.5) (2,296.6) (139.9) NNG Reliant Energy Services 81.5 - 81.5 76.5 5.0 NNG TransCanada Energy 21,039.6 (20,429.4) 610.2 620.5 (10.3) NNG Grand Total 38,848.9 (40,593.7) (1,744.8) (1,599.6) (145.2) The terminated contracts with RMTC are now fixed receivables as of the early termination date of December 14, 2001 except for interest. NNG is owed $4.8mm and TW is owed $33.9mm. Amounts are past due. Definitions: Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e. Index to index deals, and anticipated fuel sales) This does not include standard transport and storage agreements or unhedged natural positions. P&L Daily: Daily change in the mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system. This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions. VaR is "Value at Risk": Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval. This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.
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answer: Daily Summary of Risk Data 12/26
How did it get to be that these people are drafting their own NDA's. I thought our agreement when we met with Dovie Keptra was that I would draft them. I would prefer every time not to have to figure out what they've changed.
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answer: FLAG Telecom - Enron NDA
Corporate comp is relooking at your contract based on our converstion..ieyou would be entitled to severance payment eqyual to 2 year salary and bonus should you decide to leave the company provided that all or substantially all of the Azurix assts other than ?Wessex and Azurix Bu7enos Aires are sold. I will meet with Jim Derrick today to discuss John Ale. With regard to Beckett and Glasford; their agreements provide for retention bonuses provided they stay until September 16th. If they voluntarily leave before that they get nothing. There is no employment agreements in place that link anything to comparable positions titles or anything else. Should we move them over to Enron in Director positions and they are subsequently offerred positions elsewhere in Enron ( once we dispose of non-Wessex and ABA assets) at Director positions, then they have a choice of accepting those positions or voluntarily terminating. Since there is no contractual agreements with these two I do not want to offer any kind of enhanced severance payments to them. I have contacted Ben Glisan regarding Glasford and he is polling his people about their view on an appropiate placement for him. I will talk with you when you return. Thanks.
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answer: Employee issues
Robert Ricks is a Lead Forecaster with the National Weather Service in New Orleans. He is interested in coming in to interview for the position. He indicated that next Tuesday or Wednesday would be the best dates for him. He is working midnight to 8am for the remainder of this week. He can be reached on his cell phone at any time...985-373-0608 or at home...985-875-0015. His work number is 985-649-0429. He will be sending me a resume in the next few days. On other candidates: Bill Read (MIC- NWS Houston) is considering whether to interview or not. I will remain in contact with him. Mark Walquist (Forecaster - Wilkens Weather) has declined to interview due to job security issues. John Lewis (Lead Forecaster - NWS Little Rock) has declined to interview due to "happy where I am and no money can change my mind." I am trying to get an update on the status of Steve Lyons, other Weather Channel employees, and Matt Rogers.
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answer:
Weather position