Q: GDrake@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: The ICAP Working Group of the New York State Reliability Council ("NYSRC") is posting this message to inform all interested parties of the ability participate, on a "listen-only" basis, in the NYSRC ICAP Working Group Conference Call No. 11 scheduled for September 18, 2001, starting at 9:00A.M. The Working Group is an open meeting in accordance with NYSRC Policy No. 2, which is available of the NYSRC web site at "www.nysrc.org", on the "Policies" web page. Those wishing to participate on a "listen-only" basis can call (225) 383-8961, and enter participant Code 568801, starting at 9:00 A.M. Participants will be required to place their telephones on mute so as not to prevent other parties from participating. Those who plan on listening to the meeting shall send an email to my attention at "mhogan@cenhud.com" with the names of the individuals and organizations participating. Those who are not NYSRC ICAP WG Members or Alternate Members will be given an opportunity to comment at the end of each meeting, or earlier at the Chairman's invitation.
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A: NYSRC ICAP W/G conf call 9/18
IN: Dear Zhiyun and Norman: Due to legal reasons we are in the process of changing deals with delivery point of WestWing to either WestWing 230KV or WestWing 500KV. However, in PortCalc if the delivery point is changed to WestWing 230KV or WestWing 500KV the deals will be valued against WSCC-S curve, not WestWing curve. Due to this we have observed unfavorable prior day and curve shift; this is not what our traders expected and wanted the deals to be valued. An example is deal#802862.1 in which delivery point was changed from WestWing to WestWing 500KV on 10/5/01 and we suffered a $294K loss due to the deal change. (post id 13377 on 10/5/01 vs. post id 13337 on 10/4/01) We would like the deals to be still looking at WestWing curve when delivery points are WestWing 230KV or WestWing 500KV. Please change the mapping of the valuation in PortCalc so the traders can get their deal change and "unreal" curve shift back. Please let me know your timeline on this and if you have any questions. Thanks,

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OUT: curve mapping issues on deals
IN: This is an email
Wendy -- As discussed. MidAm is anxious to get this EEI in place, and you had indicated the open power trades are not a large exposure (SeeAtttachement A below). Enron's triangular set-off is installed in 5.6, not the EEI's square set-off in the 5.6 B election. Please help assure that execution of this fits into the larger credit picture as well. --David

What is the subject?

OUT: MidAmerican draft finalized EEI docs
QUESTION: John, I am writing to you regarding the management of the London Research group. As you know, Dale Surbey, who was managing the London unit of the Research Group, is moving to EBS. Dale did a terrific job helping me to develop the pool of talent we have currently in London. Given that Dale is likely to be transfered to Houston, it's time to nominate one member of the Research Group for a management position. My recommendation is Steve Leppard. Steve emerged not only as the most technically qualified member of the group but also as a natural leader, highly respected by his peers and internal customers. Steve has a very high energy level and is very efficient as a manager and as coach of new talent. His promotion is likely to cause Anjam's departure form Enron. I value technical skills of Anjam, but in spite of my loyalty to him, don't think he is the same caliber as Steve. However, I would not like to lose him and think about moving him to Houston for 2 years. I think that the opportunity to work in Houston, would be a sufficient incentive to keep him in Enron. By the way, his performance feedback has greatly improved. Please, let me know what you think. Vince
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ANS: London Research Group
Jeff, We talked about my joining HPL after the sale was consummated several weeks ago. You had indicated that you would work up some information and send it to me. Is it ready? Gary Prescott and I have verbally agreed to a level of compensation which I understand you are working into a document. He has also assured me that I will be credited with my initial start date which is March 9, 1967 and be fully vested in the various benefit, retirement and vacation plans. Can you confirm this? Enron has indicated that since I am over 55, I will be fully vested in any unvested options, however, all of my options will need to be exercised on the earlier of the original expiration date or a date that is 3 years from the time I leave Enron's employment. They indicated that it makes no difference if I retire or terminate. I can see no benefit in retirement from Enron because I am currently vested in the savings plan which I will roll over to an investment account when I leave Enron and I see no reason to sign up for the Enron Retirement Health Benefits because AEP appears to have a similar retirement health benefit plan. Isn't this the case? Please respond at your earliest opportunity so that I can better understand how I need to approach Enron concerning my possible departure from Enron for a career opportunity with HPL.
Q: What is a potential subject line for this email?
answer: Houston Pipe Line Company
Hi Tracy, I've been thinking of you since Enron's in the news all the time now. I bet it is stressful around there now. How are you doing? How was your Thanksgiving? We were in Houston last weekend after Thanksgiving & took my parents to Galveston for the weekend. Dylan got his first ear infection so I wasn't able to see anyone but Stephanie. Email me back. Bye, Dana
Q: What is a potential subject line for this email?
answer:
Hi Tracy!