IN: This is an email
FYI. Just got a call from Jan Smutney-Jones. Apparently, word is on the street that Peace intends to begin targeting Enron as an example of the "misconduct" that Peace alleges has occured in California's markets. Smutney thinks Peace may be keying off the comments of the "unnamed" trader in the Dow article claiming that Enron's been buying power and holding on to it. Apparently Peace's other angle is/will be: "The same people who colluded in the design of this market are now colluding to profit unfairly from it." No idea of when and how Peace might launch any attacks. Two immediate thoughts: Apart from the bad reporting in the Dow article, that article shows that Enron got beat by, among others, two federal (Canada and the US), one state (SRP) and one municipal (LADWP) government. David Freeman, who now heads up LADWP, was appointed "Czar" by the State of California and charged with the task of implementing Steve Peace's brain child (AB 1890). Freeman set up the ISO and PX market structures. He also set up the Governing Boards.

What is the subject?

OUT: Peace Targetting Market Players
QUESTION: After meeting with Jesus Melendrez this morning, meeting with the Crescendo folks for a few minutes this afternoon (they were in the office in connection with other matters) and talking with the Crescendo lawyer on the phone, I called Chris Sullivan to let him know that his letter to Jim Derrick had been referred to me for handling. I started my conversation with Mr. Sullivan by telling him that I had no substantive knowledge about this matter and that I had talked with the Crescendo folks briefly about his letter and expected that they would respond to the substantive points he raised "sooner rather than later". Mr. Sullivan was not thrilled with this response indicating that he already knew what Crescendo had to say on the subject. In fact, this was an interesting comment since, at other times during our call, he mentioned that he had been waiting for a reply from Crescendo for months. He then went on for some time about how he had been talking to Crescendo and others about his helium rights for up to 2 years (his time estimates changed as he continued to talk) and that he believed the project was scheduled to go on line in early November and still had not received a satisfactory response from Crescendo. He also mentioned a call to Keith Pruitt at Enron in February and that he hadn't heard back from him either. It sounded to me like Mr. Sullivan wanted Enron to support his position and intervene on his behalf against Crescendo based only on his letter. In any event, Mr. Sullivan again threatened to involve the government and go forward with litigation to prevent helium from being wasted. I reiterated that I could not discuss his substantive concerns, that I was not yet up to speed on this matter and that we would look into it. I received from Jesus copies of the correspondence between Crescendo and Mr. Sullivan as well as a legal opinion on Crescendo's obligations, if any, to Mr. Sullivan. Also included in the information I received were copies of the letters exchanged between Crescendo and the BLM on this matter. I am in the process of reviewing these and expect to talk to Crescendo's attorney this weekend. In the meantime, he is working on a response to the substantive points raised in Sullivan's letter. Please call with any questions or comments.
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ANS: Crescendo
Hi, Michael - hope all is well. Just curious if London might be interested in a George Washington University MBA (International Business) looking for work in London or Europe. She is a family friend. She is bilingual (Swedish and English) and fluent in French and German. She also has work experience. I am going to send her resume to HR in Houston and suggest her for the analyst/associate program. However, I wasn't certain as to whether the London/European offices worked through a different processs. Please let me know if you think there may be some interest.
Q: What is a potential subject line for this email?
answer: employment candidate
May 29, 2001 Dear Ken: It was great to see you in Denver. The group of leaders from the Western Governors' Association and major businesses were energized to take control of their destiny, and your ideas contributed enormously. I think that you and I are very much on the same page regarding the President's Energy Report and the opportunities that it presents. In addition, Joe Romm and I have worked a bit with the Enron Energy Services team on some initial ways to highlight and quantify the "green" aspects of the EES product. You are well positioned to prove what initiatives bring both business and energy/environmental benefits. Per our discussion, I have attached below a copy of a confidential preliminary report on the potential for a "Cooler Houston" initiative. The scientific models relating to "urban heat island effects" indicate that planting trees, lightening the color of roofs and resurfacing pavement with lighter material can reduce ambient high temperatures in Houston and thus potentially lead to ozone reductions far cheaper than the cost of the "last mile" tons indicated in current SIP efforts. Success requires developing some technical agreement and common cause among U.S. EPA, TNRCC, the City of Houston, and business and civic leaders in the City. Bill White and the leadership of the Greater Houston Partnership have been spearheading early work on this. Our team is working with U.S. EPA and TNRCC to see if they can agree on the models. We would be very interested in your ideas on this. Moreover, if the technical people can agree in concept, we would value your support of an achievable Cooler Houston plan going forward. Naturally, the plan is exciting because it offers economic, air quality and broader quality-of-life benefits to the Houston community. Ever since we developed the acid rain trading program, I have enjoyed promoting such ideas! Please let me know anything else that you need. I hope to see you soon. In the meantime, best wishes to you and the family. Sincerely,
Answer: Cooler Houston Project/ Follow-Up to Denver Discussion
Here is an email: I have the following three people I would like to nominate for a Personal Achievement Award. Please approve and/or call with questions or comments. Thanks
What is a potential subject line for this email?
A: Personal Achievement Award - Nominations
QUESTION: Tanya: Bob Crane did a deal with the Canadian party identified below. Sounds like he originally told our FX trader that the parties would be EGM (actually ENA) and Enron Industrial Markets ("EIM"). In the end, EIM was not the correct party but the Canadian party was the correct party. Is this trade between ENA and Compagnie de Papiers Stadacona authorized by credit? Is the company eligible? Please let me know what you think. Thanks.
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ANS:
FX trade Counterparty