IN: This is an email
Deed Restrictions are the best tool that the property owners in the Houston Heights have to curb over-development and the encroachment of commercial businesses. A signed deed restriction document protects the investment you have made in your property by restricting undesirable development. These restrictions do not restrict you from painting your house any color you like, putting up fences, adding garage apartments, or remodeling your property in any way. Once signed, a deed restriction applies only to the specified property to which it applies and is an effective tool ensuring future protection, despite changes in future ownership. More important, even if your entire block is not deed restricted, the existence of deed restricted properties within a block can often benefit the entire neighborhood by limiting developers' choices in future construction on not only that specific lot, but also adjacent properties. The Houston Heights Association ("HHA") is not a homeowners association. The HHA is prohibited from assessing maintenance fees and cannot put a lien against your home. Why? As a volunteer-based 501(c)(3) charitable organization, the HHA is dependent upon volunteers to donate time and effort to maintain community assets and services that improve our quality of life; these include Donovan Park, Marmion Park, the Fire Station at 12th and Yale and the esplanade of Heights Boulevard. Volunteers coordinate all the fundraisers for these properties and the projects that the HHA supports. HHA's four biggest fundraisers are the Spring Home Tour, the Fun Run, the Heights Festival and the Holiday Home Tour. Monies raised by these fundraisers go right back into your Houston Heights Neighborhood. The Deed Restriction effort initially started when concerned residents saw their property values plummet in the late 1970's. Volunteers crafted a document that would enable our neighborhood to slow down and/or prevent commercial development. Large businesses were moving in and depleting the historical housing stock by destroying the houses or turning the houses into businesses that were not desirable for the neighborhood. With Houston's absence of zoning, deed restrictions in the Houston Heights were their only method of preventing commercial encroachment. While the restrictions spurned businesses that invited 18-wheel truck traffic, unsightly dumpsters that were emptied at early morning hours, and the use of paved front yards as parking lots, the restrictions did allow small businesses and arts and crafts enthusiasts to co-exist with the neighborhood. Currently there are approximately 1,034 Heights properties protected by deed restrictions and HHA volunteers make themselves available to answer questions and attend deed restriction signups and other Civic Association meetings to talk about the positive results of deed restricting a neighborhood. The HHA recently revised the restrictions to protect the neighborhood from dense townhouse construction and encourage preservation of some of the few remaining larger lots in the Houston Heights. By early 2002 the revised restrictions will be voted on by those properties that are currently restricted. Their passage is vitally important to encourage development that suits the character of the Houston Heights. Their need is immediate and severe. In the fall of 2001, Perry Homes purchased large tracts of land on the West Side of Heights Boulevard. Its plan is to build townhouses rather than single-family homes. Representatives from the HHA have thus far unsuccessfully met with Perry Homes to encourage them to build period-style single-wall constructed homes. The passage of amended deed restrictions and their ongoing wide spread adoption is the most significant tool our neighborhood has to stop over development and the mass construction of townhouses. For more information please phone 713-861-4002, mailbox 1 or visit the website at www.houstonheights.org.

What is the subject?

OUT: Protect Your Most Important Investment with Deed Restrictions
QUESTION: Sharen told me this morning that you guys were waiting on a deal Stewart Rosman did with Port of Oakland yesterday and wanted confirmed today. I've spoken with a few people here and discerned that the deal wasn't in because the counterparty wasn't in the system yet. I took a look and found that Port of Oakland had been added, and entered the deal according to the terms Stewart sent out in an e-mail yesterday. Deal number is 533916. Thanks for waiting. Kate
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ANS: Stewart Rosman deal - Port of Oakland
Mr. Skilling- Here are a few questions I would like to submit before your floor meeting on the 32nd floor Wednesday. 1.) Enron seems to be taking a new approach to their business by taking assets off the books and looking for new opportunities as a market maker in new markets. Is Enron going to be just a trading company? 2.) If Enron is just a trading company our earnings could be quite volatile. How could this affect our stock price? Will Wall Street be prepared to accept more volatile earnings? 3.) Volume on EOL seems to be decreasing since the middle of the year and new platforms are being introduced into the market place. Is this going to have a negative effect on Enron's stock price? 4.) What are some of the new markets Enron plans to explore in the near future? 5.) Is Broadband coming along as quickly as Wall St. expects and how much of our stock price is based on broadband? I hope these questions are in line with some of the issues you wish to discuss and I look foward to hearing you speak tomorrow. Sincerely,
Q: What is a potential subject line for this email?
answer: Floor Meeting Questions
Little David comes home from first grade and tells his father that they learned about the history of Valentine's Day. "Since Valentine's day is for a Christian saint and we're Jewish," he asks, "will God get mad at me for giving someone a valentine?" David's father thinks a bit, then says "No, I don't think God would get mad. Who do you want to give a valentine to?" "Osama Bin Laden," David says. "Why Osama Bin Laden," his father asks in shock. "Well," David says, "I thought that if a little American Jewish boy could have enough love to give Osama a valentine, he might start to think that maybe we're not all bad, and maybe start loving people a little bit. And if other kids saw what I did and sent valentines to Osama, he'd love everyone a lot. And then he'd start going all over the place to tell everyone how much he loved them and how he didn't hate anyone anymore." His father's heart swells and he looks at his boy with newfound pride. "David, that's the most wonderful thing I've ever heard." "I know," David says, "and once that gets him out in the open, the Marines could blow the shit out of him."
Answer: A touching thought
Here is an email: Dick , I appreciate the effort on the Moore project - I would hope that there is more than a $2m saving in the scope. This plant is still showing $460 to $470/Kw given current economics. I am still puzzled by this. Regards
What is a potential subject line for this email?
A: Moore Power Plant
QUESTION: Harry, Iris and Brandon: I asked ConEd if they were prepared to hear our OFFER to buy peaking capacity from the Lakewood expansion. They are "in the midst of preparing a draft term sheet for purchasing the output/tolling" so we'll have to wait to see the parameters of sale. I also asked if they would like to see PJM WEST synthetic toll offer from us. Unfortunately, NO. To the extent it matters, the on-line date is now set for late 2002, so they would like to see our offer for a Jan '03 start date. Given that these guys are doing a real comparison against bricks and mortar, we would be looking at a $63 million option premium for 500MW @ 3.50/KW-mo over a three-year term; $84 million for a four-year term, I would hope we could be able to find a way to hedge the risk of too many $500 hours killing us. Is there any cap we could buy to protect our downside risk here and still make this deal attractive? The heat rate call is struck at 10,900!
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ANS:
ConEd Lakewood Deal (PJM East)