Here is an email: Attention: Portland & Calgary-based Outlook Users The Global Messaging Team is proud to announce that beginning today, Monday October 15th, Portland & Calgary-based Enron employees that have been migrated to Outlook will be able to securely access their Enron Email from anywhere on the web. This means that if you can get on to the Internet, you can access your Enron Email with Outlook Web Access (OWA) without having to dial in to Enron's network. Please note that this is not available to those users still on Lotus Notes but will be available once they are migrated to Outlook. Once on the Internet, type mail.enron.com in your browser address window and supply your Enron network logon credentials as username and password. For example: Username: jdoe4 Password: ******** Once you log in, Outlook Web Access opens your Enron Email mailbox. Outlook Web Access (OWA) allows you to send and receive mail, perform calendar tasks and manage your mail and contacts, as well as access your mailbox folders. At this time, Public Folders are not accessible via OWA. Please keep in mind that Outlook Web Access is a browser-based version of what you might use in the office, so the functionality may be slightly different and some features of Outlook 2000 may not be available at all. Additionally, OWA is only supported using Internet Explorer 5.x only and not supported with Netscape. Outlook Web Access is the standard Email package for connecting to your Enron mail from home, whether you are using an Enron-issued home PC, an Internet connection with your personal home PC, or your ClickAtHome PC. We will not support the use of the full Outlook installation for home use. Outlook Web Access for some remote locations and European/APAC Enron sites is currently being addressed and will be available soon. At this time, OWA is only available if your mailbox resides on a Houston, Portland or Calgary mail server. If you have any questions, please contact your local IT support.
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A: Outlook Web Access for Portland & Calgary
Q: Vasant, A quick update on a number of on-going projects: 1. JCC Forward Curve/Hedging Strategy (Enron Japan) h An update of the historical P&L model was completed and included both commodity and foreign exchange risks. The standard deviation of historical simulations for single month swaps was significantly reduced with the foreign exchange hedging strategy (two long yen/$ positions and 1 short yen/$ position). h Enron Japan, in cooperation with Enron London, developed an alternative hedging strategy based on Brent $ value. No P&L historical P&L simulations were conducted for the alternative strategy. h The original Brent hedge ratios were based on an average of 3 monthly preliminary JCC values offered by METI. Presumably, the swap will be settled off of the finalized METI JCC price which is released two months after the fact. Rousseau forwarded those numbers from 1998 to present this morning. Unfortunately, our model uses historical JCC values going back to August 1991. Rousseau will hopefully obtain the required historical JCC time series early next week. h I haven't yet heard about Jeff Shankman's response to the memo that was forwarded on Wednesday. 2. Ethanol Forward Curve (Enron Global Markets) h A meeting was held with Marc de la Roche, Darren Maloney, and Sanjay Patel to discuss the development of a forward curve for ethanol. A first-cut curve based on NYMEX unleaded gasoline, NYMEX WTI crude, and EIA fuel ethanol inventories was constructed and backtested. Rolling monthly backtesting (using data from 2000 to 2001) suggested that, on average, the modeled and actual ethanol prices were off only by a few cents for time periods up to 6 months (e.g., 6 month swap). Unfortunately, the 1 SD value for the historical projections was quite large (+/- $0.30 on a $1.40/gal commodity). h The changing dynamics of the ethanol market offer the greatest challenge to forward curve construction. That is, ethanol will likely replace MTBE as the fuel oxygenate of choice over time, which will probably signal a stronger relationship with unleaded gas price. Unfortunately, the current model uses historical data from 1998 to present which do not necessarily reflect such a strong relationship. These concerns have been noted to the ethanol guys. h The ENE ethanol pricing index has been updated with August, September, and October prices and continues to generally track other industry publication values (e.g., Oxy-fuel news). h Marc and Darren are in talks with Petrous as a potential counterparty for an ethanol swap. h An ethanol status meeting will be held Wednesday or Thursday of next week with Randy Maffett. 3. Plastics Forward Curves (Enron Global Markets) h Mauricio Mora and I have focused on the development of forward curves for a suite of plastics including propylene, ethylene, polypropylene, HDPE, and LLDPE (see earlier email for details). h Initial models for each of these plastics have been completed and will be compared to the current model forward curves and Alan Engberg's expected values. Alan did forward the most recent curves and personal outlooks to us today. h Note that the methologies behind the creation of the old forward curves are not known. Evidently, one can use various rankings (say 1 to 5 depending on market conditions) to manipulate the model forward curve--I don't know whether regression was involved in these forward curve constructions.
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A: Work Update
IN: What better time to start thinking about the winter holidays than on Halloween?! Just a reminder that our happy little office will be hosting a Holiday Party & Benefit Auction on Saturday, Dec. 2, beginning at 6 p.m. and lasting until the wee hours of the morning. We hope that everyone will be able to attend, which is why we're reminding you while the smell of pumpkin-insides and candy corn is still fresh in the air. We will be holding a benefit raffle and auction again this year, and all proceeds will once again be matched by Enron Corp. Donations will be divided between Portland's Raphael House, a shelter for battered women and their children, and the Court-Appointed Special Advocates, a group that assists foster children and at-risk youth throughout the court process. But who said charity couldn't be a hoot? There will be a pangea of prizes and a gaggle of goods for everyone (think Blazer tickets and autographed Blazer basketballs!). And a BAND! A swing band! It will prove to be the most fantastic Holiday Party this office has ever had....

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OUT: Christmas Party
IN: Lucy: Sara and I met with Mark today to talk in part about the concerns I had about the HDD info that third parties had requested us to provide. He wants us to talk to you and the group further about this because there are risks associated with us giving this info to third parties if a portion of such info is info that we fill in based on our internal knowledge. I'm out tomorrow and this afternoon is hectic so I would very much like to have this discussion at our Monday morning meeting. does everyone on your side know about the meeting at 10:30 and can they attend? If that time is a problem, please contact my assistant Suzanne Adams. Carol

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OUT:
Weather Info