December 27, 2001 RE: Employee Severance Enron Corp. Office of the Chairman 1400 Smith Street Houston, TX 77002 Attention: Kenneth Lay Enron has in place a severance policy that entitles all terminated employees a benefit that is based on length of service and amount of pay. In the days leading up to the bankruptcy filing, then again during floor meetings at the time of termination, Enron representatives clearly stated that the company would be seeking payment of the severance policy for terminated employees. This was to follow the advanced payment of $4,500 for these benefits. However, severed employees have not been contacted by Human Resources representatives to advise them of the amount of severance benefits they are eligible to receive as stated in the policy. They have also not been informed of Enron's intention to pursue these payments through the court. Enron has since informed current employees that they intend to work with the court to establish provisions for additional retention and severance for current employees. Since these payments are crucial for severed employees to assess their financial situation, we are asking Enron to promptly respond to the following five questions: 1) Will the Board approve the severance plan in place or another plan of severance? 2) Will this be the same plan that is being put together for current employees that may be severed at a later date? 3) What day will the board be acting on this plan? 4) What day will the plan be presented to the bankruptcy court? 5) Since employees have not been informed of the status of their benefit, will application for state unemployment benefits cease payment of the severance benefit? Will Enron waive that stipulation? In the event that Enron will not be seeking additional severance for terminated employees, we are asking that Enron answer the following questions: 1) By what day will a Human Resources representatives contact each employee with the amount of severance they were eligible to receive at the time of their termination? 2) How do employees access supporting documentation needed for filing a proof of claim form through the bankruptcy court? This would include company policy manuals and employee files. Respectfully, Ezzatollah (Ezzy) Sadrerafi
Answer: Employee Severance
Attached for your reference and commentary is a first draft of a contact list to assist in communication of our key efforts globally. Please make any additions, changes (and/or corrections) that you believe are appropriate and return to my office for update and distribution. The goal is not to list out everyone working on a project or business but to include a couple of players if someone needs information about how this could apply to their business. Thanks,
Answer: eCommerce contact list
Cyndie Balfour-Flanagan and I have been working from a report provided by Russell Diamond that lists "live" deals for counterparties and our current exposure. Based on that list, here are some deals that need to be moved into the bankruptcy books. There will be many more deals listed to move on Tuesday. Please note that deals for many of the counterparties listed on Russell's report have already been moved into the bankruptcy books due to auto-termination. Once we finish looking at the "live" counterparties, we will continue providing deal information for new contracts that are added to the Master Log report compiled by Legal. I will be adding the deals from Cyndie's sheets on Tuesday. I have 8 more counterparties to review from Russell's report and that information will be provided on Tuesday as well. Please call if you have any questions. Thanks,
Answer: more terminated deals to move
Dear All, Please test the Stage Release of PortCalc version 4.2.1s1 and let us know of the results. The executable is /stage/egs-home/ermt/bin/pwrcalc_slr New Features: Version 4.2.1s1 Changes Affecting All: Asian strip Fixed the Curve shift numbers in the adhoc table. Index Option Break up one single adhoc record into two records for physical and financial. Basis Option Fixed the issue on the break down of Peak and Off Peak curve shift for the second delivery point. Performance Improvement Disable unnecessary sensitivity calculation to improve performance typical for hourly options. Cross Portfolio flag form deal entry is now used. Before this change, PortCalc used to determine which deal is cross portfolio using internal logic. Curve and Position Manager PortCalc will now populate the peak_hours_num, off_peak_hours_num, sun_peak_hours_num and sat_peak_hours_num columns in the adhoc table to provde volumetric information for the Curve and Position Manager. Changes Affecting Australia: Asian strip Always use curve price for effective date to avoid next-day financial true up for that day, so that current previous day value can tie up yesterday's value. SRA New Deal type. Changes Affecting VATR: Populate the INSTR_TYPE_CD as TRANSMISSION in the pwr_vatr_port_posn table for Transmission deals. Please do not hesitate to ask if there is any questions. Thanks, Norman. x36976.
Answer:
PortCalc Stage Release 10/29/2001 Version 4.2.1s1