IN: This is an email
Hello Paul, My name is Joelene Whittaker and I am a recruiter with STM Associates. DTE Energy, www.dtecs.com/sitemap.html, has retained us to assist them in placing two Director of Sales for Eastern and Western Regions. The Eastern position will be located in Ann Arbor, Michigan and the Western position in Denver, Colorado. Both Director of Sales will report to the Vice President of Sales. Qualifications of this position include a minimum of 5 years of sales experience and an additional minimum of 2 years experience with a trading company is preferred. The successful candidate will have a strong understanding of U.S. Coal, Transportation and Electric Utility industries, including coal tolling, marketing and origination functions used in support of coal trading operations. Solid experience in finding ways to capitalize on opportunities in the coal and transportation business is a must. A background which includes Senior-level contract negotiations is required. We are asking for recommendations from coal trading executives within the energy industry. Would you take a moment to consider colleagues whose experience fits DTE's profile and who you would deem as a high caliber candidate for the position. I appreciate any help you may provide and look forward to hearing from you. I can be reached at (801)531-6500 or via e-mail jwhittaker@stmassociates.com. Regards,

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OUT: STM - Sales Director Referrals

IN: This is an email
We currently have $21.4 million in reserve for potential Northwest refunds. $10 million currently sits in the LTCA book and $11.4 currently sits in the LTNW book. During the summer, FERC initiated an investigation into the potential of unjust and unreasonable spot prices in the northwest from December of 2000 through June of 2001. Seatlle City Light, Tacoma City Light, Eugene Water and Electric Board, and Sacramento Municipal Utility District all filed claims at FERC for refunds from EPMI. The claims totaled close to $100 million. However, many of these claims were, on their face, spurious. For example, Eugene Water and Electric Board filed for refund of forward purchases which was clearly outside the scope of FERC's proceeding. We hired consultants from Charles River Associates (CRA) to help us with this process. One of their tasks was to apply the CAISO competitive benchmark pricing methodology to the Northwest market. That is, CRA attempted to reverse engineer the CAISO's methodology in order to estimate our Northwest risk. I was informed by our litigation team that EPMI's realistic potential exposure using this methodology was roughly $30 million. We decided to reserve roughly 2/3 of this amount which came to about $21 million. In September a FERC Adminitrative Law Judge heard the case and submitted a draft decision to the FERC. The draft decision recommended against any refunds. This draft decision is supposed to come in front of the FERC commissioners for approval before the end of the year. If this draft decision is approved, it would be appropriate to remove these reserves.

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OUT: Northwest Reserves

IN: This is an email
CP, Attached is the latest draft copy of the memo. Each group has had an opportunity to comment and it has been amended several times. I would like you to take a look at it and add your comments and changes. You are always the key to a good memo and your changes are vital to making this a first rate memo. Also Freight is in blue and i don't know how to take it back to normal. I would like this out on Tuesday evening. After i get your version back, go ahead and make your changes directly on the memo. Please send to Jeff for final review and one more pass thru the business units on Monday. Thanks,

What is the subject?

OUT:
org memo draft