QUESTION: <<IPPupdate092001.pdf>> Good Morning, Attached, please find our latest FC note on the Power Generation sector. Summary: 1. IPPs Down 6%; Generation Oriented Utilities Down 2% On September 17, 2001, our IPP composite traded off 6.2%, outperforming the NASDAQ (-6.8%), but underperforming the S&P 500 (-4.9%). Reflecting their more defensive characteristics, our universe of generation oriented utilities traded off only 1.9%, outperforming all the major market indices. 2. CSFB Hosting Conference Call on Thursday at 11 AM EDT This Thursday (9/20/01) at 11 AM EDT we will be hosting a conference call featuring Judah Rose-a power generation expert with ICF Consulting. The dial-in number is 877/715-5321. Among other topics to be discussed, the relationship between economic conditions and power demand growth will be explored in greater detail. In the near-term, we believe the key analytical challenge for all equity investors will be to determine how the prospect of slower economic growth will impact the outlook for corporate earnings across sectors. 3. MIR Outperforms Following 2 Key Announcements MIR issued revised 2001 EPS guidance of $1.95 versus its prior forecast of $1.90. Management noted that this revision reflects its continued success in using its trading and marketing operation to optimize the value of its asset base. Concurrently, management announced that its board has approved the repurchase of up to 10 million shares over the next 30 days. We have revised our EPS estimate accordingly in a separate First Call note issued today. 4. ORN Down on NYC Power Market Concerns; Con Ed Filing Indicates Intact Fundamentals Orion Power traded off 14.6% owing to concerns surrounding the potential impact of the WTC tragedy on the New York City power market. In particular investors are questioning the magnitude of lost power demand and the potential impact on the supply/demand balance in the region. In an 8K filing issued yesterday, Con Ed notes that lost demand approximates 140 MW-30% below the low end of the initial range of estimates. In addition, a portion of this demand will likely be relocated to other parts of the city. Overall, Con Ed's filing gives us greater comfort in our conclusion that the fundamentals of the New York City power market remain intact. Regards,
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ANS: CSFB Power Generation Update; Hosting Conference Call at 11 AMED T on Thursday (9/20/01)
Since my daughter is going over to London it prompted me to see if that would be a good time for me to come as well. Then week of March 5. I could stay a day or two if needed. Any thoughts? Rick
Q: What is a potential subject line for this email?
answer: RBB Visit to London
Concerning Proliance, have discussed Proliance's purposed language which would give them the right to terminate the contract upon ENA's single failure to schedule. Dan Hyvl, will not agree to this verbiage. Please give him a call if you wish to discuss this further.
Answer: Proliance
Here is an email: FYI. Certain aspects of this presentation will relate to PPA's/tolling agreements/interconnection studies and agreements relating to Enron developed generation assets from which we intend to purchase power, etc. The cost/benefit would probably be marginal for you, but I will be there, and will get you any interesting handouts. Kay
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A: Asset Financing - Structured Finance Presentation
Q: In case you haven't already marked your calendars, tomorrow will be my two year anniversary with the company. The good Lord willing (and with Stan's and Mike's continued acquiescence) I may even surpass the tenure of my two most recent and very illustrious predecessors. Given your meteoric career tracks, however, I'm not sure you guys would view that as a huge accomplishment. Hope all goes well with you both. Adios from the big O. DF
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A: Endurance
Here is an email: Susan, I mailed your tickets today. They said that the fastest I could get them there is 7-10 days. We should be able to make it, just keep checking your mail. Your itenerary is as follows: Tuesday, August 14 IAH to SFO 9:20am - 11:15am on Continental 531 SFO to Korea 1:00pm - 4:50pm on Korean Air 24, you will arrive on Wednesday, August 15 Sunday, August 26 Korea to LAX 3:00pm - 10:30am on Korean Air LAX to IAH 12:20pm - 5:49pm on Continental, you will arrive back in Houston on Sunday, 26th Anyway, I think that's it. I hope the itenerary is ok. As far as packing I would bring clothes for hot, humid weather (about like Houston). Nothing we do is very dressy. I would say a nice shorts outfit or skirt is about as dressy as it gets here. Wear comfortable, and shoes you really don't care about. The monsoon season may be ending soon, but the streets are disgusting year around. Bring your running shoes and I will try to keep you training for the marathon. There is an ATM on post here that we can use free of charge, so don't worry about cash too much. You can always write us a check. We can also cash a check for up to $300/day. Definitely do not change any money. There are some places around here that give pretty good rates. I would pack light and bring an extra suitcase. You may want to buy some pottery here, or some fragile items so make sure you have extra room on your carry on.&n! bsp; Of course there's always mailing things, too. There is a DMZ tour on the 18th, 21st, 23rd, and 25th. Probably one of the Saturdays would be better for Chuck. If we do go somewhere, we should plan on going the first weekend you are here. That DMZ tour on the Saturday before you leave would be a long day, but you don't fly out until 3:00 the next day, so I think we could do it if you are game. Can't wait to take you around here and you can see what we've been doing the past year here! Have a good weekend!
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A:
hey