Louise, Sempra Energy has called and asked to "cover' outstanding positions with Enron. They have done some deals with me this morning via EOL, as well as a "sleeve" with EPNG in order to minimize their exposure with us. Indications were that they have longer dated power and other gas positions that they want to minimize as well, I advised them to call the respected traders first, as apposed to calling voice brokers, to see what they can facilitate.
Answer: Concerned Counter parties
Hi I've attached a couple of files summarizing our progress and current status on modeling the bid-ask spread. The first summarizes characterization of the EOL Crude data and the second describes a bid-ask spread model based on options theory developed by Zimin (The figure from the paper is included separately). I am now setting up an Excel spreadsheet to test this model with the EOL data. Let me know when you would like to meet to review this. Thanks, Bob Lee
Answer: EOL Pricing Algorithm Update
We are disappointed to announce that Philippe Bibi, president and CEO of Enron Net Works, has resigned from Enron. Philippe will be joining Putnam Investments in Boston, Mass. as Chief Technology Officer. Philippe joined Enron in 1995, as Chief Information Officer for Enron Capital & Trading, and has been a key member of the team that built Enron's IT organization, including our numerous successful e-commerce initiatives. Philippe has been a great asset to Enron and our IT efforts. For six years, his creativity, intelligence, and focus have benefited the company in many ways. He will be missed. Philippe has agreed to make himself available to assist in the transition of his responsibilities. In the interim, all of the employees who report to Philippe will continue reporting to the Office of the Chairman for Enron Net Works. Please join us in thanking Philippe for his many years of service to the company and in wishing him the very best.
Answer: Philippe Bibi
I found a mistake in the first Excel spreadsheet when discussing with Kim Kouri. Cost Estimate Summary sheet (2nd tab) did not add all of the rows down for the San Juan portion. The attached was corrected. It made a difference of $5,000,000 total project cost. Ron M.
Answer:
Sun Devil Project - Level B Request "REVISED"