Mr. Jeff Skilling CEO, President, and COO Enron Houston, TX. June 25, 2001. Dear Jeff, I worked at McKinsey (NY/FI) during 1985-91 and have since founded and run an IT systems integration company called Techna in Silicon Valley, with clients worldwide and Purnendu ("PC") Chatterjee (ex McK and affiliated with Soros' funds) as an equity partner. We have been working closely with Sempra Energy trading for the past couple of years and are beginning an engagement with NYMEX soon. Our president, Ben Bernstein (ex Microsoft) has been managing these clients on the east coast personally. Ben and I feel that we have interesting ideas in IT for Enron from our experience in this industry thus far, and would appreciate your indulgence in getting us in touch with the appropriate IT leaders at Enron for us to make a pitch. Your achievements at Enron since leaving McKinsey have deservedly won you quite a fan following! As an unabashed member of this group, I would love to hear from you anyway, when you find a moment in your busy day. Best regards.
Answer: McKinsey alum
Energy Committee Members and Respected Colleagues: Joe Desmond, President of Infotility and SVMG Energy Committee Co-chair, would like to obtain some information from the California Business Community on some policy concerns. Below are the details for a survey. If you are interested in weighing in, please complete the survey and respond directly to Joe. If your members or colleagues may be interested, feel free to pass on accordingly. If you have any questions about this survey, please contact Joe by e-mail (address below). Thank you. ************************************************** Dateline 2001: California experiences a power gridlock of unprecedented proportions, complete with Stage Alerts and rolling outages. Production lines fall silent. Inventory remains unmoved. Elevators take people hostage. Then businesses are told that summer will be even worse. Not even close. Summer arrives, temperatures moderate, and the state can?t possibly sell back all the power that?s suddenly at its fingertips... If current events in energy are making your head spin, you are not alone. As a business energy user, we'd like to know your opinions by getting your answers to this survey. Thank you in advance for your survey participation and feedback.
Answer: And The Energy Survey Says
I note in TW's bullets for 12-22 that TW did the "Cal Border Backhaul" deal with SW Gas. The last I heard about it, the deal had cratered. I had serious reservations about doing the deal as it was initially described to me, which included a Cal border sale of "surplus" gas and a backhaul for EES on behalf of SW Gas. My probems were (1) the issue of possible or apparent affiliate preference and (2) the need for adequate documentation of "surplus line pack." My last guidance was that a deal like this might be doable, but only if we could document the "surplus" and if Stan signed off on it. What happened? Does the deal involve EES??? Was that raised with Stan and Danny? The bullets don't mention the identity of the "shipper" that the backhaul was done for. Please respond. DF
Answer: TW Backhaul
Hi. FYI. Yesterday a deal was submitted to the California Commission (without just about everyone in the industry signing) to restructure Socalgas. More details to come, but wanted to give a flavor, knowing that you're actively engaged in negotiations. Assuming a 10.01.00 approval date by the Commission: 90 days after approval Windowing process replaced with OFO system Interstate capacity unbundled for core customers effective April 2001: Ability to balance using 3rd party provider Open season for Socal storage Secondary market for storage (using Alltrade if want to) Trade OFO imbalances and imbalance rights (using Alltrade if want to ) effective Octover 2001: Open season for Socal intrastate capacity Secondary market for intrastate capacity (using Alltrade if want to) Pooling at new city gates
Answer:
Deal Struck in CA to Restructure Socalgas