Q: The Online Trading IT people have sent us a revised version of the long descriptions and a document spelling out the "rules" for how they are put together. Louise is asking for our final comments by close of business on next Wednesday (August 18th). Since I will be out of town then, please forward your comments and/or approvals directly to Mark Dilworth. Questions can be directed to Mark Dilworth, Marcello Romano or Louise Kitchen, all on the online trading team.
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A: Product type long definitions - legal review
IN: I want to provide you with clarification and some additional information in light of yesterday's announcements regarding Enron's filing for Chapter 11 bankruptcy protection. In Friday's email, we advised you that the business units will communicate any news regarding elimination of your position, that this information will have been coordinated with the Program in advance, and that it will be definitive. To be clear, this means that any news regarding whether you will be retained or terminated will be delivered by the business units (not the Program), and it will be final. Later this morning the business units will begin floor meetings, and will communicate further information and instructions to you. As a result of these recent events, all activities and responsibilities of the Associate / Analyst Program are being transitioned to Human Resources. Over the next few weeks, the Program's current HR Generalist Terry Bosien will work with the business units to make this transition as smooth as possible under the circumstances. Through Friday December 14, please make Terry your primary point of contact for any questions or issues you might have. Finally, I must say that I'm very proud to have led this Program over the past several months. I want to thank each member of my team for their hard work and dedication to the many things we've achieved. I am grateful for the contributions all of you have made to Enron, and I wish you the very best of luck. With best regards,

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OUT: Associate / Analyst Program
IN: This is an email
MWHRs = 4 Years and 1 quarter Flat so that equals approximately 37,250 Hours The difference between 102 (the new amount) and 94.5 (the old average flat amount) = 7.5 MW * 37,250 HRs = 279,375 MWhrs I was under the impression that a 100 MW flat amount would equal $3 million value (a $16 difference between market and $21.50). This would indicate the 102 equals a $4,100,000 valuation. As to the discount in value due to the flexibility and delivery point I am looking to you for leadership. If my assumptions are wrong then let me know. Stewart

What is the subject?

OUT: Valuation Overview
QUESTION: Please join me in welcoming Alexandra Gage, who will join the ISDA New York office on Tuesday, December 4. Alexandra will be the Administrator for Research and Policy reporting to David Mengle and Stacy Carey. Bob
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ANS: New Staff Member
Bill and Tanya: I am resending this memo to you in light of what I understand is a 3-year deal that Craig Breslau has done with MARTA (Metropolitan Area Rapid Transit Authority). I need to advise Mark Haedicke of the details as soon as possible since MARTA is a public entity and we do not have an executed Master Agreement with MARTA. We sent a draft document to MARTA on May 11, 2001. Until we resolve the "capacity" or "authority" issue, there is significant legal risk attached to transactions with governmental entities. I left a message for Jay Williams to please advise me of trade details.
Q: What is a potential subject line for this email?
answer: Municipalities Memo
Dan, I wanted to let you know that we are working on the problem that we are having with the straddle deals being booked into Tagg. I also wanted to bring to your attention that these deals tested correctly in Tagg Stage, so we are trying to sort out what is happening in Production. I am working with Tagg IT to resolve the issue. I will keep you posted. Thanks TARA
Q: What is a potential subject line for this email?
answer:
Straddle Problem