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Date: Mon, 23 Apr 2001 13:40:00 -0700 (PDT) From: phillip.allen@enron.com To: andrea.richards@enron.com Subject: Re: Analyst Bryan Hull Body: Andrea, After reviewing Bryan Hull's resume, I think he would be best suited for the trading track program. Please forward his resume to Karen Buckley. Phillip
Date: Wed, 25 Apr 2001 08:57:00 -0700 (PDT) From: phillip.allen@enron.com To: ned.higgins@enron.com Subject: Re: Unocal WAHA Storage Body: Cc: mike.grigsby@enron.com Bcc: mike.grigsby@enron.com Ned, Regarding the Waha storage, the west desk does not have a strong need for this storage but we are always willing to show a bid based on the current summer/winter spreads and cycling value. The following assumptions were made to establish our bid: 5% daily injection capacity, 10% daily withdrawal capacity, 1% fuel (injection only), 0.01/MMBtu variable injection and withdrawal fees. Also an undiscounted June 01 to January 02 spread of $0.60 existed at the time of this bid. Bid for a 1 year storage contract beginning June 01 based on above assumptions: $0.05/ MMBtu/Month ($0.60/Year). Demand charges only. I am not sure if this is exactly what you need or not. Please call or email with comments. Phillip Allen
Date: Wed, 25 Apr 2001 06:52:00 -0700 (PDT) From: phillip.allen@enron.com To: john.lavorato@enron.com Subject: Re: This morning's Commission meeting delayed Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/25/2001 01:51 PM --------------------------- Ray Alvarez@ENRON 04/25/2001 11:48 AM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Re: This morning's Commission meeting delayed Phil, I suspect that discussions/negotiations are taking place behind closed doors "in smoke filled rooms", if not directly between Commissioners then among FERC staffers. Never say never, but I think it is highly unlikely that the final order will contain a fixed price cap. I base this belief in large part on what I heard at a luncheon I attended yesterday afternoon at which the keynote speaker was FERC Chairman Curt Hebert. Although the Chairman began his presentation by expressly stating that he would not comment or answer questions on pending proceedings before the Commission, Hebert had some enlightening comments which relate to price caps: Price caps are almost never the right answer Price Caps will have the effect of prolonging shortages Competitive choices for consumers is the right answer Any solution, however short term, that does not increase supply or reduce demand, is not acceptable Eight out of eleven western Governors oppose price caps, in that they would export California's problems to the West This is the latest intelligence I have on the matter, and it's a pretty strong anti- price cap position. Of course, Hebert is just one Commissioner out of 3 currently on the Commission, but he controls the meeting agenda and if the draft order is not to his liking, the item could be bumped off the agenda. Hope this info helps. Ray Phillip K Allen@ECT 04/25/2001 02:28 PM To: Ray Alvarez/NA/Enron@ENRON cc: Subject: Re: This morning's Commission meeting delayed Are there behind closed doors discussions being held prior to the meeting? Is there the potential for a surprise announcement of some sort of fixed price gas or power cap once the open meeting finally happens?
Date: Wed, 25 Apr 2001 06:28:00 -0700 (PDT) From: phillip.allen@enron.com To: ray.alvarez@enron.com Subject: Re: This morning's Commission meeting delayed Body: Are there behind closed doors discussions being held prior to the meeting? Is there the potential for a surprise announcement of some sort of fixed price gas or power cap once the open meeting finally happens?
Date: Wed, 25 Apr 2001 06:09:00 -0700 (PDT) From: phillip.allen@enron.com To: gary@creativepanel.com Subject: Body: Gary, Here is a photograph of a similar house. The dimensions would be 56'Wide X 41' Deep for the living area. In addition there will be a 6' deep two story porch across the entire back and 30' across the front. A modification to the front will be the addition of a gable across 25' on the left side. The living area will be brought forward under this gable to be flush with the front porch. I don't have my floor plan with me at work today, but will bring in tomorrow and fax you a copy. Phillip Allen 713-853-7041 pallen@enron.com ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/25/2001 12:51 PM --------------------------- Hunter S Shively 03/26/2001 10:01 AM To: phillip.k.allen@enron.com cc: Subject:
Date: Tue, 24 Apr 2001 07:26:00 -0700 (PDT) From: phillip.allen@enron.com To: mike.grigsby@enron.com, keith.holst@enron.com, matthew.lenhart@enron.com, monique.sanchez@enron.com, randall.gay@enron.com, frank.ermis@enron.com, jane.tholt@enron.com, tori.kuykendall@enron.com, steven.south@enron.com, jay.reitmeyer@enron.com, susan.scott@enron.com Subject: Instructions for FERC Meetings Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/24/2001 02:23 PM --------------------------- Eric Benson@ENRON on 04/24/2001 11:47:40 AM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Instructions for FERC Meetings Mr. Allen - Per our phone conversation, please see the instructions below to get access to view FERC meetings. Please advise if there are any problems, questions or concerns. Eric Benson Sr. Specialist Enron Government Affairs - The Americas 713-853-1711 ++++++++++++++++++++++++++ ----- Forwarded by Eric Benson/NA/Enron on 04/24/2001 01:45 PM ----- Janet Butler 11/06/2000 04:51 PM To: Eric.Benson@enron.com, Steve.Kean@enron.com, Richard.Shapiro@enron.com cc: Subject: Instructions for FERC Meetings As long as you are configured to receive Real Video, you should be able to access the FERC meeting this Wednesday, November 8. The instructions are below. ---------------------- Forwarded by Janet Butler/ET&S/Enron on 11/06/2000 04:49 PM --------------------------- Janet Butler 10/31/2000 04:12 PM To: Christi.L.Nicolay@enron.com, James D Steffes/NA/Enron@Enron, Rebecca.Cantrell@enron.com cc: Shelley Corman/ET&S/Enron@Enron Subject: Instructions for FERC Meetings Here is the URL address for the Capitol Connection. You should be able to simply click on this URL below and it should come up for you. (This is assuming your computer is configured for Real Video/Audio). We will pay for the annual contract and bill your cost centers. You are connected for tomorrow as long as you have access to Real Video. http://www.capitolconnection.gmu.edu/ Instructions: Once into the Capitol Connection sight, click on FERC Click on first line (either "click here" or box) Dialogue box should require: user name: enron-y password: fercnow Real Player will connect you to the meeting Expand your screen as you wish for easier viewing Adjust your sound as you wish
Date: Tue, 24 Apr 2001 05:08:00 -0700 (PDT) From: phillip.allen@enron.com To: frank.hayden@enron.com Subject: Re: Body: Frank, The implied risk created by the san juan and rockies indeces being partially set after today is the same as the risk in a long futures position. Whatever the risk was prior should not matter. Since the rest of the books are very short price this should be a large offset. If the VAR calculation does not match the company's true risk then it needs to be revised or adjusted. Phillip
Date: Tue, 24 Apr 2001 03:05:00 -0700 (PDT) From: phillip.allen@enron.com To: jsmith@austintx.com Subject: Re: The Stage Body: I just spoke to the insurance company. They are going to cancel and prorate my policy and work with the Kuo's to issue a new policy.
Date: Tue, 24 Apr 2001 02:27:00 -0700 (PDT) From: phillip.allen@enron.com To: mike.grigsby@enron.com Subject: Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/24/2001 09:26 AM --------------------------- From: Frank Hayden/ENRON@enronXgate on 04/24/2001 09:25 AM CDT To: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT cc: Subject: FYI, o Selling 500/d of SoCal, XH lowers overall desk VAR by $8 million o Selling 500K KV, lowers overall desk VAR by $4 million Frank
Date: Tue, 24 Apr 2001 02:13:00 -0700 (PDT) From: phillip.allen@enron.com To: mary.gray@enron.com Subject: Body: Griff, It is bidweek again. I need to provide view only ID's to the two major publications that post the monthly indeces. Please email an id and password to the following: Dexter Steis at Natural Gas Intelligence- dexter@intelligencepress.com Liane Kucher at Inside Ferc- lkuch@mh.com Bidweek is under way so it is critical that these id's are sent out asap. Thanks for your help, Phillip Allen
Date: Mon, 23 Apr 2001 13:31:00 -0700 (PDT) From: phillip.allen@enron.com To: karen.buckley@enron.com Subject: Re: FW: Trading Track Program Body: I think Chad deserves an interview.
Date: Mon, 23 Apr 2001 03:45:00 -0700 (PDT) From: phillip.allen@enron.com To: andrea.richards@enron.com Subject: Re: Analyst Ashish Mahajan Body: Send his resume to Karen Buckley. I believe there will be a full round of interviews for the trading track in May.
Date: Mon, 23 Apr 2001 03:40:00 -0700 (PDT) From: phillip.allen@enron.com To: matthew.lenhart@enron.com Subject: Re: Resume Body: Have him send his resume to Karen Buckley in HR. There is a new round of trading track interviews in May.
Date: Mon, 23 Apr 2001 03:40:00 -0700 (PDT) From: phillip.allen@enron.com To: andrea.richards@enron.com Subject: Re: Analyst Bryan Hull Body: Andrea, After reviewing Bryan Hull's resume, I think he would be best suited for the trading track program. Please forward his resume to Karen Buckley. Phillip
Date: Mon, 23 Apr 2001 02:41:00 -0700 (PDT) From: phillip.allen@enron.com To: johnniebrown@juno.com Subject: Body: Johnnie, Thank you for meeting with me on Friday. I left feeling very optimistic about the panel system. I would like to find a way to incorporate the panels into the home design I showed you. In order to make it feasible within my budget I am sure it will take several iterations. The prospect of purchasing the panels and having your framers install them may have to be considered. However, my first choice would be for you to be the general contractor. I realize you receive a number of calls just seeking information about this product with very little probability of a sale. I just want to assure you that I am going to build this house in the fall and I would seriously consider using the panel system if it truly was only a slight increase in cost over stick built. Please email your cost estimates when complete. Thank you, Phillip Allen
Date: Wed, 18 Apr 2001 07:51:00 -0700 (PDT) From: phillip.allen@enron.com To: ina.rangel@enron.com Subject: RE: Presentation to Trading Track A&A Body: Ina, Can you please forward the presentation to Mog. Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/18/2001 02:50 PM --------------------------- From: Karen Buckley/ENRON@enronXgate on 04/18/2001 10:56 AM CDT To: Phillip K Allen/HOU/ECT@ECT cc: Subject: RE: Presentation to Trading Track A&A Hi Philip If you do have slides preapred,, can you have your assistant e:mail a copy to Mog Heu, who will conference in from New York. Thanks, karen -----Original Message----- From: Allen, Phillip Sent: Wednesday, April 18, 2001 10:30 AM To: Buckley, Karen Subject: Re: Presentation to Trading Track A&A The topic will the the western natural gas market. I may have overhead slides. I will bring handouts.
Date: Wed, 18 Apr 2001 07:21:00 -0700 (PDT) From: phillip.allen@enron.com To: chad.landry@enron.com Subject: Re: Resume Body: Chad, Call Ted Bland about the trading track program. All the desks are trying to use this program to train analysts to be traders. Your experience should help you in the process and make the risk rotation unnecessary. Unless you are dying to do another rotation is risk. Phillip
Date: Wed, 18 Apr 2001 03:58:00 -0700 (PDT) From: phillip.allen@enron.com To: jsmith@austintx.com Subject: Re: FW: 2nd lien info. and private lien info - The Stage Coach Body: Apartments, Phillip Allen How am I to send them the money for the silent second? Regular mail, overnight, wire transfer? I don't see how their bank will make the funds available by Friday unless I wire the money. If that is what I need to do please send wiring instructions.
Date: Wed, 18 Apr 2001 03:30:00 -0700 (PDT) From: phillip.allen@enron.com To: karen.buckley@enron.com Subject: Re: Presentation to Trading Track A&A Body: The topic will the the western natural gas market. I may have overhead slides. I will bring handouts.
Date: Mon, 23 Apr 2001 12:41:00 -0700 (PDT) From: phillip.allen@enron.com To: johnniebrown@juno.com Subject: Body: Johnnie, Thank you for meeting with me on Friday. I left feeling very optimistic about the panel system. I would like to find a way to incorporate the panels into the home design I showed you. In order to make it feasible within my budget I am sure it will take several iterations. The prospect of purchasing the panels and having your framers install them may have to be considered. However, my first choice would be for you to be the general contractor. I realize you receive a number of calls just seeking information about this product with very little probability of a sale. I just want to assure you that I am going to build this house in the fall and I would seriously consider using the panel system if it truly was only a slight increase in cost over stick built. Please email your cost estimates when complete. Thank you, Phillip Allen
Date: Wed, 18 Apr 2001 01:11:00 -0700 (PDT) From: phillip.allen@enron.com To: keith.holst@enron.com, frank.ermis@enron.com, mike.grigsby@enron.com Subject: approved trader list Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/18/2001 08:10 AM --------------------------- To: Phillip K Allen/HOU/ECT@ECT cc: Subject: approved trader list Enron Wholesale Services (EES Gas Desk) Approved Trader List: Name Title Region Basis Only Black, Don Vice President Any Desk Hewitt, Jess Director All Desks Vanderhorst, Barry Director East, West Shireman, Kris Director West Des Champs, Joe Director Central Reynolds, Roger Director West Migliano, Andy Manager Central Wiltfong, Jim Manager All Desks Barker, Jim Sr, Specialist East Fleming, Matt Sr. Specialist East - basis only Tate, Paul Sr. Specialist East - basis only Driscoll, Marde Sr. Specialist East - basis only Arnold, Laura Sr. Specialist Central - basis only Blaine, Jay Sr. Specialist East - basis only Guerra, Jesus Sr. Specialist Central - basis only Bangle, Christina Sr. Specialist East - basis only Smith, Rhonda Sr. Specialist East - basis only Boettcher, Amanda Sr. Specialist Central - basis only Pendegraft, Sherry Sr. Specialist East - basis only Ruby Robinson Specialist West - basis only Diza, Alain Specialist East - basis only Monday, April 16, 2001 Jess P. Hewitt Revised Approved Trader List.doc
Date: Mon, 16 Apr 2001 03:34:00 -0700 (PDT) From: phillip.allen@enron.com To: jsmith@austintx.com Subject: Re: insurance - the stage Body: The insurance company is: Central Insurance Agency, Inc 6000 N., Lamar P.O. Box 15427 Austin, TX 78761-5427 Policy #CBI420478 Contact: Jeanette Peterson (512)451-6551 The actual policy is signed by Vista Insurance Partners. Please try and schedule the appraiser for sometime after 1 p.m. so my Dad can walk him around. I will be out of town on Tuesday. What else do we need to get done before closing? Phillip
Date: Thu, 12 Apr 2001 05:59:00 -0700 (PDT) From: phillip.allen@enron.com To: jsmith@austintx.com Subject: RE: The Stage Body: I will email you with the insurance info tomorrow.
Date: Thu, 12 Apr 2001 03:34:00 -0700 (PDT) From: phillip.allen@enron.com To: john.lavorato@enron.com Subject: Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/12/2001 10:33 AM --------------------------- From: Phillip K Allen 04/12/2001 08:09 AM To: Jeff Richter/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT cc: Subject: Here is a simplistic spreadsheet. I didn't drop in the new generation yet, but even without the new plants it looks like Q3 is no worse than last year. Can you take a look and get back to me with the bullish case? thanks, Phillip
Date: Thu, 12 Apr 2001 03:09:00 -0700 (PDT) From: phillip.allen@enron.com To: jeff.richter@enron.com, tim.belden@enron.com, tim.heizenrader@enron.com Subject: Body: Here is a simplistic spreadsheet. I didn't drop in the new generation yet, but even without the new plants it looks like Q3 is no worse than last year. Can you take a look and get back to me with the bullish case? thanks, Phillip
Date: Thu, 12 Apr 2001 02:59:00 -0700 (PDT) From: phillip.allen@enron.com To: jsmith@austintx.com Subject: Re: The Stage Body: I will try and get my dad to take the appraiser into a couple of units. Let me know the day and time. Phillip
Date: Wed, 11 Apr 2001 07:45:00 -0700 (PDT) From: phillip.allen@enron.com To: llewter@austin.rr.com Subject: Body: Larry, It sounds like Claudia and Jacques are almost finished with the documents. There is one item of which I was unsure. Was an environmental report prepared before the original purchase? If yes, shouldn't it be listed as an asset of the partnership and your costs be recovered? Phillip
Date: Wed, 11 Apr 2001 05:26:00 -0700 (PDT) From: phillip.allen@enron.com To: stagecoachmama@hotmail.com Subject: Body: Lucy, The spreadsheet looks fine to me. Phillip
Date: Wed, 11 Apr 2001 04:14:00 -0700 (PDT) From: phillip.allen@enron.com To: nicholasnelson@centurytel.net Subject: Body: Bruce, Thank you for your bid. I have decided on a floor plan. I am going to have an architect in Austin draw the plans and help me work up a detailed specification list. I will send you that detailed plan and spec list when complete for a final bid. Probably in early to mid June. Phillip
Date: Thu, 10 May 2001 12:50:00 -0700 (PDT) From: phillip.allen@enron.com To: jsmith@austintx.com Subject: Body: Jeff, Jacques Craig will draw up a release. What is the status on the quote from Wade? Phillip
Date: Thu, 19 Apr 2001 13:00:00 -0700 (PDT) From: phillip.allen@enron.com To: julie.pechersky@enron.com Subject: Re: Do you still access data from Inteligence Press online?? Body: I still use this service
Date: Tue, 10 Apr 2001 10:51:00 -0700 (PDT) From: phillip.allen@enron.com To: mike.grigsby@enron.com Subject: CAISO demand reduction Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/10/2001 05:50 PM --------------------------- Enron North America Corp. From: Stephen Swain 04/10/2001 11:58 AM To: Phillip K Allen/HOU/ECT@ECT cc: Tim Heizenrader/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Michael M Driscoll/PDX/ECT@ECT, Chris Mallory/PDX/ECT@ECT, Jeff Richter/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Mark Fischer/PDX/ECT@ECT, Bill Williams III/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT Subject: CAISO demand reduction Phillip et al., I have been digging into the answer to your question re: demand reduction in the West. Your intuition as to reductions seen so far (e.g., March 2001 vs. March 2000) was absolutely correct. At this point, it appears that demand over the last 12 months in the CAISO control area, after adjusting for temperature and time of use factors, has fallen by about 6%. This translates into a reduction of about 1,500-1,600 MWa for last month (March 2001) as compared with the previous year. Looking forward into the summer, I believe that we will see further voluntary reductions (as opposed to "forced" reductions via rolling blackouts). Other forecasters (e.g., PIRA) are estimating that another 1,200-1,300 MWa (making total year-on-year reduction = 2,700-2,800) will come off starting in June. This scenario is not difficult to imagine, as it would require only a couple more percentage points reduction in overall peak demand. Given that the 6% decrease we have seen so far has come without any real price signals to the retail market, and that rates are now scheduled to increase, I think that it is possible we could see peak demand fall by as much as 10% relative to last year. This would mean peak demand reductions of approx 3,300-3,500 MWa in Jun-Aug. In addition, a number of efforts aimed specifically at conservation are being promoted by the State, which can only increase the likelihood of meeting, and perhaps exceeding, the 3,500 MWa figure. Finally, the general economic slowdown in Calif could also further depress demand, or at least make the 3,500 MWa number that much more attainable. Note that all the numbers I am reporting here are for the CAISO control area only, which represents about 89% of total Calif load, or 36-37% of WSCC (U.S.) summer load. I think it is reasonable to assume that the non-ISO portion of Calif (i.e., LADWP and IID) will see similar reductions in demand. As for the rest of the WSCC, that is a much more difficult call. As you are aware, the Pacific NW has already seen about 2,000 MWa of aluminum smelter load come off since Dec, and this load is expected to stay off at least through Sep, and possibly for the next couple of years (if BPA gets its wish). This figure represents approx 4% of the non-Calif WSCC. Several mining operations in the SW and Rockies have recently announced that they are sharply curtailing production. I have not yet been able to pin down exactly how many MW this translates to, but I will continue to research the issue. Other large industrials may follow suit, and the ripple effects from Calif's economic slowdown could be a factor throughout the West. While the rest of the WSCC may not see the 10%+ reductions that I am expecting in Calif, I think we could easily expect an additional 2-3% (on top of the 4% already realized), or approx 1,000-1,500 MWa, of further demand reduction in the non-Calif WSCC for this summer. This would bring the total reduction for the WSCC, including the 2,000 MWa aluminum load we have already seen, to around 6,500-7,000 MWa when compared with last summer. I am continuing to research and monitor the situation, and will provide you with updates as new or better information becomes available. Meantime, I hope this helps. Please feel free to call (503-464-8671) if you have any questions or need any further information.
Date: Tue, 10 Apr 2001 07:39:00 -0700 (PDT) From: phillip.allen@enron.com To: stagecoachmama@hotmail.com Subject: Body: Lucy, Here is the rentroll from last friday. The closing was to be this Thursday but it has been delayed until Friday April 20th. If you can stay on until April 20th that would be helpful. If you have made other commitments I understand. Gary is planning to put an A/C in #35. You can give out my work numer (713) 853-7041 Phillip
Date: Tue, 10 Apr 2001 03:26:00 -0700 (PDT) From: phillip.allen@enron.com To: jhershey@sempratrading.com Subject: Re: FW: SanJuan/SoCal spread prices Body: Thanks for your help.
Date: Mon, 9 Apr 2001 09:51:00 -0700 (PDT) From: phillip.allen@enron.com To: jhershey@sempratrading.com Subject: Re: SanJuan/SoCal spread prices Body: Jed, Thanks for the response. Phillip Allen
Date: Mon, 9 Apr 2001 09:49:00 -0700 (PDT) From: phillip.allen@enron.com To: mark.taylor@enron.com Subject: SanJuan/SoCal spread prices Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/09/2001 04:48 PM --------------------------- Jed Hershey <jhershey@sempratrading.com> on 04/09/2001 02:29:39 PM To: "'pallen@enron.com'" <pallen@enron.com> cc: Subject: SanJuan/SoCal spread prices The following are the prices you requested. Unfortunately we are unwilling to transact at these levels due to the current market volatility, but you can consider these accurate market prices: May01-Oct01 Socal/Juan offer: 8.70 usd/mmbtu Apr02-Oct02 Socal/Juan offer: 3.53 usd/mmbtu Our present value mark to market calculations for these trades are as follows: May01-Oct01 30,000/day @ 0.5975 = $44,165,200 Apr02-Oct02 @ 0.60 = $5,920,980 Apr02-Oct02 @ 0.745 = $5,637,469 Apr02-Oct02 @ 0.55 = $3,006,092 If you have any other questions call: (203) 355-5059 Jed Hershey **************************************************************************** This e-mail contains privileged attorney-client communications and/or confidential information, and is only for the use by the intended recipient. Receipt by an unintended recipient does not constitute a waiver of any applicable privilege. Reading, disclosure, discussion, dissemination, distribution or copying of this information by anyone other than the intended recipient or his or her employees or agents is strictly prohibited. If you have received this communication in error, please immediately notify us and delete the original material from your computer. Sempra Energy Trading Corp. (SET) is not the same company as SDG&E or SoCalGas, the utilities owned by SET's parent company. SET is not regulated by the California Public Utilities Commission and you do not have to buy SET's products and services to continue to receive quality regulated service from the utilities. ****************************************************************************
Date: Mon, 9 Apr 2001 07:08:00 -0700 (PDT) From: phillip.allen@enron.com To: rlehmann@yahoo.com Subject: Body: Reagan, I sent you an email last week stating that I would be in San Marcos on Friday, April 13th. However, my closing has been postponed. As I mentioned I am going to have Cary Kipp draw the plans for the residence and I will get back in touch with you once he is finished. Regarding the multifamily project, I am going to work with a project manager from San Antonio. For my first development project, I feel more comfortable with their experience obtaining FHA financing. We are working with Kipp Flores to finalize the floor plans and begin construction drawings. Your bid for the construction is competive with other construction estimates. I am still attracted to your firm as the possible builder due to your strong local relationships. I will get back in touch with you once we have made the final determination on unit mix and site plan. Phillip Allen
Date: Mon, 9 Apr 2001 02:34:00 -0700 (PDT) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Re: Body: Jacques, The amounts needed to fill in the blanks on Exhibit "B" are as follows: Kipp Flores-Total Contract was $23,600 but $2,375 was paid and only $21,225 is outstanding. Kohutek- $2,150 Cuatro- $37,800 George & Larry paid $3,500 for the appraisal and I agreed to reimburse this amount. The total cash that Keith and I will pay the Sellers is $5,875 ($3,500 appraisal and $2,375 engineering). I couldn't find any reference to this cash consideration to be paid by the buyers. Let me know if I need to do anything else before you can forward this to the sellers to be executed. Phillip
Date: Fri, 6 Apr 2001 02:40:00 -0700 (PDT) From: phillip.allen@enron.com To: john.lavorato@enron.com Subject: Body: John, Regarding the employment agreement, Mike declined without a counter. Keith said he would sign for $75K cash/$250 equity. I still believe Frank should receive the same signing incentives as Keith. Phillip
Date: Wed, 4 Apr 2001 07:43:00 -0700 (PDT) From: phillip.allen@enron.com To: rlehmann@yahoo.com Subject: Re: Answers to List Body: Thanks for the response. I think you are right that engaging an architect is the next logical step. I had already contacted Cary Kipp and sent him the floor plan. He got back to me yesterday with his first draft. He took my plan and improved it. I am going to officially engage Cary to draw the plans. While he works on those I wanted to try and work out a detailed specification list. Also, I would like to visit a couple of homes that you have built and speak to 1 or 2 satisfied home owners. I will be in San Marcos on Friday April 13th. Are there any homes near completion that I could walk through that day? Also can you provide some references? Once I have the plans and specs, I will send them to you so you can adjust your bid. Phillip
Date: Wed, 4 Apr 2001 00:19:00 -0700 (PDT) From: phillip.allen@enron.com To: ina.rangel@enron.com Subject: EES Gas Desk Happy Hour Body: Do you have a distribution list to send this to all the traders. Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/04/2001 07:11 AM --------------------------- To: Fred Lagrasta/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, James W Lewis/HOU/EES@EES cc: Subject: EES Gas Desk Happy Hour Fred/Phillip/Scott: We are having a happy hour at Sambuca this Thursday, please be our guests and invite anyone on your desks that would be interested in meeting some of the new gas desk team. http://www.americangreetings.com/pickup.pd?i=172082367&m=1891 Thank you, Jess
Date: Wed, 18 Apr 2001 17:51:00 -0700 (PDT) From: phillip.allen@enron.com To: ina.rangel@enron.com Subject: RE: Presentation to Trading Track A&A Body: Ina, Can you please forward the presentation to Mog. Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/18/2001 02:50 PM --------------------------- From: Karen Buckley/ENRON@enronXgate on 04/18/2001 10:56 AM CDT To: Phillip K Allen/HOU/ECT@ECT cc: Subject: RE: Presentation to Trading Track A&A Hi Philip If you do have slides preapred,, can you have your assistant e:mail a copy to Mog Heu, who will conference in from New York. Thanks, karen -----Original Message----- From: Allen, Phillip Sent: Wednesday, April 18, 2001 10:30 AM To: Buckley, Karen Subject: Re: Presentation to Trading Track A&A The topic will the the western natural gas market. I may have overhead slides. I will bring handouts.
Date: Tue, 3 Apr 2001 01:53:00 -0700 (PDT) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Body: Jacques, The assets and liabilities that we are willing to assume are listed below: Assets: Land Preliminary Architecture Design-Kipp Flores Architects Preliminary Engineering-Cuatro Consultants, Ltd. Soils Study-Kohutek Engineering & Testing, Inc. Appraisal-Atrium Real Estate Services Liabilities: Note to Phillip Allen Outstanding Invoices to Kipp Flores, Cuatro, and Kohutek Additional Consideration or Concessions Forgive interest due Reimburse $3,500 for appraisal and $2,375 for partial payment to engineer Let me know if you need more detail. Phillip
Date: Tue, 3 Apr 2001 01:30:00 -0700 (PDT) From: phillip.allen@enron.com To: sara.solorio@enron.com Subject: Re: Location Body: My location is eb3210C
Date: Mon, 2 Apr 2001 07:51:00 -0700 (PDT) From: phillip.allen@enron.com To: monique.sanchez@enron.com Subject: Enron Center Garage Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/02/2001 02:49 PM --------------------------- Parking & Transportation@ENRON 03/28/2001 02:07 PM Sent by: DeShonda Hamilton@ENRON To: Brad Alford/NA/Enron@Enron, Megan Angelos/Enron@EnronXGate, Suzanne Adams/HOU/ECT@ECT, John Allario/Enron@EnronXGate, Phillip K Allen/HOU/ECT@ECT, Irma Alvarez/Enron@EnronXGate, Airam Arteaga/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Edward D Baughman/Enron@EnronXGate, Pam Becton/Enron@EnronXGate, Corry Bentley/HOU/ECT@ECT, Patricia Bloom/Enron@EnronXGate, Sandra F Brawner/HOU/ECT@ECT, Jerry Britain/Enron@EnronXGate, Lisa Bills/Enron@EnronXGate, Michelle Blaine/ENRON@enronXgate, Eric Boyt/Corp/Enron@Enron, Cheryl Arguijo/Enron@EnronXGate, Jeff Ader/HOU/EES@EES, Mark Bernstein/HOU/EES@EES, Kimberly Brown/HOU/ECT@ECT, Gary Bryan/HOU/ECT@ECT, Rebecca W Cantrell/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Carol Carter/Enron@EnronXGate, Carmen Chavira/Enron@EnronXGate, Christopher K Clark/Enron@EnronXGate, Morris Richard Clark/Enron@EnronXGate, Terri Clynes/HOU/ECT@ECT, Karla Compean/Enron@EnronXGate, Ruth Concannon/HOU/ECT@ECT, Patrick Conner/HOU/ECT@ECT, Sheri L Cromwell/Enron@EnronXGate, Edith Cross/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT, Mike Curry/Enron@EnronXGate, Michael Danielson/SF/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Barbara G Dillard/Corp/Enron@Enron@ECT, Rufino Doroteo/Enron@EnronXGate, Christine Drummond/HOU/ECT@ECT, Tom Dutta/HOU/ECT@ECT, Laynie East/Enron@EnronXGate, John Enerson/HOU/ECT@ECT, David Fairley/Enron@EnronXGate, Nony Flores/HOU/ECT@ECT, Craig A Fox/Enron@EnronXGate, Julie S Gartner/Enron@EnronXGate, Maria Garza/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Monica Butler/Enron@EnronXGate, Chris Clark/NA/Enron@Enron, Christopher Coffman/Corp/Enron@Enron, Ron Coker/Corp/Enron@Enron, John Coleman/EWC/Enron@Enron, Nicki Daw/Enron@EnronXGate, Ranabir Dutt/Enron@EnronXGate, Kurt Eggebrecht/ENRON@enronxgate, Marsha Francis/Enron@EnronXGate, Robert H George/NA/Enron@Enron, Nancy Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Margaret Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maria E Garcia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Humberto Cubillos-Uejbe/HOU/EES@EES, Barton Clark/HOU/ECT@ECT, Ned E Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stinson Gibner/HOU/ECT@ECT, Stacy Gibson/Enron@EnronXGate, George N Gilbert/HOU/ECT@ECT, Mathew Gimble/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Alisa Green/Enron@EnronXGate, Robert Greer/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Cathy L Harris/HOU/ECT@ECT, Tosha Henderson/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT, Kimberly Hillis/Enron@EnronXGate, Dorie Hitchcock/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Georgeanne Hodges/Enron@EnronXGate, Jeff Hoover/HOU/ECT@ECT, Brad Horn/HOU/ECT@ECT, John House/HOU/ECT@ECT, Joseph Hrgovcic/Enron@EnronXGate, Dan J Hyvl/HOU/ECT@ECT, Steve Irvin/HOU/ECT@ECT, Rhett Jackson/Enron@EnronXGate, Patrick Johnson/HOU/ECT@ECT, Amy Jon/Enron@EnronXGate, Tana Jones/HOU/ECT@ECT, Peter F Keavey/HOU/ECT@ECT, Jeffrey Keenan/HOU/ECT@ECT, Brian Kerrigan/Enron@EnronXGate, Kyle Kettler/HOU/ECT@ECT, Faith Killen/Enron@EnronXGate, Joe Gordon/Enron@EnronXGate, Bruce Harris/NA/Enron@Enron, Chris Herron/Enron@EnronXGate, Melissa Jones/NA/Enron@ENRON, Lynna Kacal/Enron@EnronXGate, Allan Keel/Enron@EnronXGate, Mary Kimball/NA/Enron@Enron, Bruce Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kim Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth Howley/HOU/EES@EES, John King/Enron Communications@Enron Communications, Jeff Kinneman/Enron@EnronXGate, Troy Klussmann/Enron@EnronXGate, Mark Knippa/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Heather Kroll/Enron@EnronXGate, Kevin Kuykendall/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Andrew H Lewis/HOU/ECT@ECT, Lindsay Long/Enron@EnronXGate, Blanca A Lopez/Enron@EnronXGate, Gretchen Lotz/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Molly Magee/Enron@EnronXGate, Kelly Mahmoud/HOU/ECT@ECT, David Marks/HOU/ECT@ECT, Greg Martin/HOU/ECT@ECT, Jennifer Martinez/HOU/ECT@ECT, Deirdre McCaffrey/HOU/ECT@ECT, George McCormick/Enron@EnronXGate, Travis McCullough/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Brad McSherry/Enron@EnronXGate, Lisa Mellencamp/HOU/ECT@ECT, Kim Melodick/Enron@EnronXGate, Chris Meyer/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Don Miller/HOU/ECT@ECT, Patrice L Mims/HOU/ECT@ECT, Yvette Miroballi/Enron@EnronXGate, Fred Mitro/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Greg Krause/Corp/Enron@Enron, Steven Krimsky/Corp/Enron@Enron, Shahnaz Lakho/NA/Enron@Enron, Chris Lenartowicz/Corp/Enron@ENRON, Kay Mann/Corp/Enron@Enron, Judy Martinez/Enron@EnronXGate, Jesus Melendrez/Enron@EnronXGate, Michael L Miller/NA/Enron@Enron, Stephanie Miller/Corp/Enron@ENRON, Veronica Montiel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kenneth Krasny/Enron@EnronXGate, Janet H Moore/HOU/ECT@ECT, Brad Morse/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Jesse Neyman/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT, Sandy Olitsky/HOU/ECT@ECT, Roger Ondreko/Enron@EnronXGate, Ozzie Pagan/Enron@EnronXGate, Rhonna Palmer/Enron@EnronXGate, Anita K Patton/HOU/ECT@ECT, Laura R Pena/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT, John Peyton/HOU/ECT@ECT, Paul Pizzolato/Enron@EnronXGate, Laura Podurgiel/HOU/ECT@ECT, David Portz/HOU/ECT@ECT, Joan Quick/Enron@EnronXGate, Dutch Quigley/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Ina Rangel/HOU/ECT@ECT, Robert W Rimbau/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Amy Rios/Enron@EnronXGate, Benjamin Rogers/HOU/ECT@ECT, Kevin Ruscitti/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Janelle Scheuer/Enron@EnronXGate, Lance Schuler-Legal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Jean Mrha/NA/Enron@Enron, Caroline Nugent/Enron@EnronXGate, Richard Orellana/ENRON@enronXgate, Michelle Parks/Enron@EnronXGate, Steve Pruett/Enron@EnronXGate, Mitch Robinson/Corp/Enron@Enron, Susan Musch/Enron@EnronXGate, Larry Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kevin P Radous/Corp/Enron@Enron, Tammy R Shepperd/Enron@EnronXGate, Cris Sherman/Enron@EnronXGate, Hunter S Shively/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT, James Simpson/HOU/ECT@ECT, Jeanie Slone/Enron@EnronXGate, Gregory P Smith/Enron@EnronXGate, Susan Smith/Enron@EnronXGate, Will F Smith/Enron@EnronXGate, Maureen Smith/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, John Swafford/Enron@EnronXGate, Ron Tapscott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Stephen Thome/HOU/ECT@ECT, Larry Valderrama/Enron@EnronXGate, Steve Van Hooser/HOU/ECT@ECT, Hope Vargas/Enron@EnronXGate, Brian Vass/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT, Charles Vetters/HOU/ECT@ECT, Janet H Wallis/HOU/ECT@ECT, Samuel Wehn/HOU/ECT@ECT, Jason R Wiesepape/HOU/ECT@ECT, Allen Wilhite/HOU/ECT@ECT, Bill Williams/PDX/ECT@ECT, Stephen Wolfe/Enron@EnronXGate, Stuart Zisman/HOU/ECT@ECT, George Zivic/HOU/ECT@ECT, Mary Sontag/Enron@EnronXGate, Eric Thode/Corp/Enron@ENRON, Carl Tricoli/Corp/Enron@Enron, Shiji Varkey/Enron@EnronXGate, Frank W Vickers/NA/Enron@Enron, Greg Whiting/Enron@EnronXGate, Becky Young/NA/Enron@Enron, Emily Adamo/Enron@EnronXGate, Jacqueline P Adams/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Peggy Alix/ENRON@enronXgate, Thresa A Allen/HOU/ECT@ECT, Sherry Anastas/HOU/ECT@ECT, Kristin Armstrong/Enron@EnronXGate, Veronica I Arriaga/HOU/ECT@ECT, Susie Ayala/HOU/ECT@ECT, Natalie Baker/HOU/ECT@ECT, Michael Barber/Enron@EnronXGate, Gloria G Barkowsky/HOU/ECT@ECT, Wilma Bleshman/Enron@EnronXGate, Dan Bruce/Enron@EnronXGate, Richard Burchfield/Enron@EnronXGate, Anthony Campos/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Betty Chan/Enron@EnronXGate, Jason Chumley/Enron@EnronXGate, Marilyn Colbert/HOU/ECT@ECT, Audrey Cook/HOU/ECT@ECT, Diane H Cook/HOU/ECT@ECT, Magdelena Cruz/Enron@EnronXGate, Bridgette Anderson/Corp/Enron@ENRON, Walt Appel/ENRON@enronXgate, David Berberian/Enron@EnronXGate, Sherry Butler/Enron@EnronXGate, Rosie Castillo/Enron@EnronXGate, Christopher B Clark/Corp/Enron@Enron, Patrick Davis/Enron@EnronXGate, Larry Cash/Enron Communications@Enron Communications, Mathis Conner/Enron@EnronXGate, Lawrence R Daze/Enron@EnronXGate, Rhonda L Denton/HOU/ECT@ECT, Bradley Diebner/Enron@EnronXGate, Anna M Docwra/HOU/ECT@ECT, Kenneth D'Silva/HOU/ECT@ECT, Karen Easley/HOU/ECT@ECT, Kenneth W Ellerman/Enron@EnronXGate, Allen Elliott/Enron@EnronXGate, Rene Enriquez/Enron@EnronXGate, Soo-Lian Eng Ervin/Enron@EnronXGate, Irene Flynn/HOU/ECT@ECT, Christopher Funk/Enron@EnronXGate, Jim Fussell/Enron@EnronXGate, Clarissa Garcia/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Carolyn Gilley/HOU/ECT@ECT, Gerri Gosnell/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Michael Guadarrama/Enron@EnronXGate, Victor Guggenheim/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@ECT, Kenneth M Harmon/Enron@EnronXGate, Susan Harrison/Enron@EnronXGate, Elizabeth L Hernandez/HOU/ECT@ECT, Meredith Homco/HOU/ECT@ECT, Alton Honore/HOU/ECT@ECT, Roberto Deleon/Enron@EnronXGate, Jay Desai/HR/Corp/Enron@ENRON, Hal Elrod/Enron@EnronXGate, Paul Finken/Enron@EnronXGate, Brenda Flores-Cuellar/Enron@EnronXGate, Irma Fuentes/Enron@EnronXGate, Jim Gearhart/Enron@EnronXGate, Camille Gerard/Corp/Enron@ENRON, Sharon Gonzales/NA/Enron@ENRON, Carolyn Graham/Enron@EnronXGate, Thomas D Gros/Enron@EnronXGate, Sam Guerrero/Enron@EnronXGate, Andrew Hawthorn/Enron@EnronXGate, Katherine Herrera/Corp/Enron@ENRON, Christopher Ducker/Enron@EnronXGate, Jarod Jenson/Enron@EnronXGate, Wenyao Jia/Enron@EnronXGate, Kam Keiser/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Lisa Kinsey/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT, Jonathan Le/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT, Kori Loibl/HOU/ECT@ECT, Duong Luu/Enron@EnronXGate, Shari Mao/HOU/ECT@ECT, David Maxwell/Enron@EnronXGate, Mark McClure/HOU/ECT@ECT, Doug McDowell/Enron@EnronXGate, Gregory McIntyre/Enron@EnronXGate, Darren McNair/Enron@EnronXGate, Keith Meurer/Enron@EnronXGate, Jackie Morgan/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Gary Nelson/HOU/ECT@ECT, Michael Neves/Enron@EnronXGate, Joanie H Ngo/HOU/ECT@ECT, Thu T Nguyen/HOU/ECT@ECT, Angela Hylton/Enron@EnronXGate, Jeff Johnson/Enron@EnronXGate, Laura Johnson/Enron@EnronXGate, Robert W Jones/Enron@EnronXGate, Kara Knop/Enron@EnronXGate, John Letvin/Enron@EnronXGate, Kathy Link/Enron@EnronXGate, Teresa McOmber/NA/Enron@ENRON, James Moore/Enron@EnronXGate, Jennifer Nguyen/Corp/Enron@ENRON, ThuHa Nguyen/Enron@EnronXGate, George Nguyen/Enron@EnronXGate, Reina Mendez/Enron@EnronXGate, Frank Karbarz/Enron Communications@Enron Communications, William May/Enron Communications@Enron Communications, John Norden/Enron@EnronXGate, Kimberly S Olinger/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT, Bryan Powell/Enron@EnronXGate, Phillip C. Randle/Enron@EnronXGate, Leslie Reeves/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Drew Ries/Enron@EnronXGate, Jose Ruiz/MAD/ECT@ECT, Tammie Schoppe/HOU/ECT@ECT, Mark L Schrab/HOU/ECT@ECT, Sherlyn Schumack/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, John Shupak/Enron@EnronXGate, Bruce Smith/Enron@EnronXGate, George F Smith/HOU/ECT@ECT, Will F Smith/Enron@EnronXGate, Mary Solmonson/Enron@EnronXGate, Sai Sreerama/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT, Patti Sullivan/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Michael Swaim/Enron@EnronXGate, Janette Oquendo/Enron@EnronXGate, Ryan Orsak/ENRON@enronXgate, Mark Palmer/Corp/Enron@ENRON, Michael K Patrick/Enron@EnronXGate, John Pavetto/Enron@EnronXGate, Catherine Pernot/Enron@EnronXGate, John D Reese/Enron@EnronXGate, Sandy Rivas/Enron@EnronXGate, Sean Sargent/Enron@EnronXGate, Vanessa Schulte/Enron@EnronXGate, Rex Shelby/Enron@EnronXGate, Jeffrey Snyder/Enron@EnronXGate, Joe Steele/Enron@EnronXGate, Omar Taha/Enron@EnronXGate, Diana Peters/Enron@EnronXGate@ENRON_DEVELOPMENt, Harry Swinton/Enron@EnronXGate, James Post/Enron Communications@Enron Communications, Mable Tang/Enron@EnronXGate, Sheri Thomas/HOU/ECT@ECT, Alfonso Trabulsi/HOU/ECT@ECT, Susan D Trevino/HOU/ECT@ECT, Connie Truong/Enron@EnronXGate, Khadiza Uddin/Enron@EnronXGate, Adarsh Vakharia/HOU/ECT@ECT, Rennu Varghese/Enron@EnronXGate, Kimberly Vaughn/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT, Mary Weatherstone/Enron@EnronXGate, Stacey W White/HOU/ECT@ECT, Jason Williams/HOU/ECT@ECT, Scott Williamson/Enron@EnronXGate, O'Neal D Winfree/HOU/ECT@ECT, Jeremy Wong/Enron@EnronXGate, Rita Wynne/HOU/ECT@ECT, Steve Tenney/Enron@EnronXGate, Todd Thelen/Enron@EnronXGate, N Jessie Wang/Enron@EnronXGate, Gwendolyn Williams/ENRON@enronXgate, Dejoun Windless/Corp/Enron@ENRON, Jeanne Wukasch/Corp/Enron@ENRON, Lisa Yarbrough/Enron@EnronXGate, Will Zamer/Enron@EnronXGate, Ned Higgins/HOU/ECT@ECT, Saji John/Enron Communications@Enron Communications, Francisco Pinto Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Barry Tycholiz/NA/Enron@ENRON, Bob M Hall/NA/Enron@Enron, Pamela Brown/NA/Enron@Enron, Gerri Gosnell/HOU/ECT@ECT cc: Louis Allen/EPSC/HOU/ECT@ECT, Raquel Lopez/Corp/Enron@ENRON Subject: Enron Center Garage The Enron Center garage will be opening very soon. Employees who work for business units that are scheduled to move to the new building and currently park in the Allen Center or Met garages are being offered a parking space in the new Enron Center garage. This is the only offer you will receive during the initial migration to the new garage. Spaces will be filled on a first come first served basis. The cost for the new garage will be the same as Allen Center garage which is currently $165.00 per month, less the company subsidy, leaving a monthly employee cost of $94.00. If you choose not to accept this offer at this time, you may add your name to the Enron Center garage waiting list at a later day and offers will be made as spaces become available. The Saturn Ring that connects the garage and both buildings will not be opened until summer 2001. All initial parkers will have to use the street level entrance to Enron Center North until Saturn Ring access is available. Garage stairways next to the elevator lobbies at each floor may be used as an exit in the event of elevator trouble. If you are interested in accepting this offer, please reply via email to Parking and Transportation as soon as you reach a decision. Following your email, arrangements will be made for you to turn in your old parking card and receive a parking transponder along with a new information packet for the new garage. The Parking and Transportation desk may be reached via email at Parking and Transportation/Corp/Enron or 713-853-7060 with any questions. (You must enter & exit on Clay St. the first two weeks, also pedestrians, will have to use the garage stairwell located on the corner of Bell & Smith.)
Date: Mon, 2 Apr 2001 05:52:00 -0700 (PDT) From: phillip.allen@enron.com To: pallen70@hotmail.com Subject: Body: https://www4.rsweb.com/61045/
Date: Thu, 29 Mar 2001 04:01:00 -0800 (PST) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Re: Body: Jacques I am out of the office for the rest of the week. Have you ever seen anyone miss as much work as I have in the last 6 weeks? I assure you this is unusual for me. Hopefully we can sign some documents on Monday. Call me on my cell phone if you need me. Phillip
Date: Thu, 29 Mar 2001 03:59:00 -0800 (PST) From: phillip.allen@enron.com To: rlehmann@yahoo.com Subject: Body: Reagan, I am still reviewing the numbers but here are some initial thoughts. Are you proposing a cost plus contract with no cap? What role would you play in obtaining financing? Any experience with FHA 221(d) loans? Although your fees are lower than George and Larry I am still getting market quotes lower yet. I have received estimates structured as follows: 5% - onsite expenses, supervision, clean up, equipment 2%- overhead 4%- profit I just wanted to give you this initial feedback. I have also attached an extremely primitive spreadsheet to outline the project. As you can see even reducing the builders fees to the numbers above the project would only generate $219,194 of cash flow for a return of 21%. I am not thrilled about such a low return. I think I need to find a way to get the total cost down to $10,500,000 which would boost the return to 31%. Any ideas? I realize that you are offering significant development experience plus you local connections. I am not discounting those services. I will be out of the office for the rest of the week, but I will call you early next week. Phillip
Date: Thu, 29 Mar 2001 02:19:00 -0800 (PST) From: phillip.allen@enron.com To: scfatkfa@caprock.net Subject: Body: Cary, Here is the picture of the house I have in mind. I was going for a simple farmhouse style to place on 5 acres near Wimberley. A few points that might not be obvious from the plans are: There will be a double porch across the back just like the front No dormers (Metal roof) 1/2 bath under stairs Overall dimensions are 55 by 40 What I am looking for is a little design help in the kitchen. More cabinets, maybe a different shaped island, and a way to enlarge the pantry. Reagan suggested that I find a way to make the exterior more attractive. I want to keep a simple roof line to avoid leaks, but I was thinking about bringing the left side forward in the front of the house and place 1 gable in the front. That might look good if the exterior was stone and stucco. Also the front porch would be smaller. I have 3 bids from builders all around $325,000. I am ready to go ahead and have the plans done so I can spec out all the finishings and choose a builder. I just wanted to give you the opportunity to do the work. As I mentioned my alternative is $0.60/ft. I thought that since I had a such a detailed sketch, you might consider the job for less than the $6,000 that Reagan allowed. Phillip Allen 713-853-7041 ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/29/2001 10:17 AM --------------------------- Hunter S Shively 03/26/2001 10:01 AM To: phillip.k.allen@enron.com cc: Subject:
Date: Thu, 29 Mar 2001 02:11:00 -0800 (PST) From: phillip.allen@enron.com To: scfatkfa@caprock.net Subject: Nondeliverable mail Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/29/2001 10:10 AM --------------------------- <postmaster@caprock.net> on 03/29/2001 07:58:51 AM To: Phillip.K.Allen@enron.com cc: Subject: Nondeliverable mail Cary, Here is the picture of the house I have in mind. I was going for a simple farmhouse style to place on 5 acres near Wimberley. A few points that might not be obvious from the plans are: There will be a double porch across the back just like the front No dormers (Metal roof) 1/2 bath under stairs Overall dimensions are 55 by 40 What I am looking for is a little design help in the kitchen. More cabinets, maybe a different shaped island, and a way to enlarge the pantry. Reagan suggested that I find a way to make the exterior more attractive. I want to keep a simple roof line to avoid leaks, but I was thinking about bringing the left side forward in the front of the house and place 1 gable in the front. That might look good if the exterior was stone and stucco. Also the front porch would be smaller. I have 3 bids from builders all around $325,000. I am ready to go ahead and have the plans done so I can spec out all the finishings and choose a builder. I just wanted to give you the opportunity to do the work. As I mentioned my alternative is $0.60/ft. I thought that since I had a such a detailed sketch, you might consider the job for less than the $6,000 that Reagan allowed. Phillip Allen 713-853-7041 ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/29/2001 09:10 AM --------------------------- Hunter S Shively 03/26/2001 10:01 AM To: phillip.k.allen@enron.com cc: Subject: (See attached file: F828FA00.PDF) (See attached file: F828FA00.PDF) - F828FA00.PDF
Date: Thu, 29 Mar 2001 02:03:00 -0800 (PST) From: phillip.allen@enron.com To: scsatkfa@caprock.net Subject: Nondeliverable mail Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/29/2001 10:03 AM --------------------------- <postmaster@caprock.net> on 03/29/2001 07:36:51 AM To: Phillip.K.Allen@enron.com cc: Subject: Nondeliverable mail ------Transcript of session follows ------- scsatkfa@caprock.net The user's email name is not found. Received: from postmaster.enron.com ([192.152.140.9]) by mail1.caprock.net with Microsoft SMTPSVC(5.5.1877.197.19); Thu, 29 Mar 2001 09:36:49 -0600 Received: from mailman.enron.com (mailman.enron.com [192.168.189.66]) by postmaster.enron.com (8.8.8/8.8.8/postmaster-1.00) with ESMTP id PAB09150 for <scsatkfa@caprock.net>; Thu, 29 Mar 2001 15:42:03 GMT From: Phillip.K.Allen@enron.com Received: from nahou-msmsw03px.corp.enron.com ([172.28.10.39]) by mailman.enron.com (8.10.1/8.10.1/corp-1.05) with ESMTP id f2TFg2L03725 for <scsatkfa@caprock.net>; Thu, 29 Mar 2001 09:42:02 -0600 (CST) Received: from ene-mta01.enron.com (unverified) by nahou-msmsw03px.corp.enron.com (Content Technologies SMTPRS 4.1.5) with ESMTP id <Tac1c0a2752962e2481@nahou-msmsw03px.corp.enron.com> for <scsatkfa@caprock.net>; Thu, 29 Mar 2001 09:42:04 -0600 To: scsatkfa@caprock.net Date: Thu, 29 Mar 2001 09:41:58 -0600 14, 2000) at 03/29/2001 09:38:28 AM MIME-Version: 1.0 Boundary="0__=86256A1E00535FA28f9e8a93df938690918c86256A1E00535FA2" Return-Path: Phillip.K.Allen@enron.com Cary, Here is the picture of the house I have in mind. I was going for a simple farmhouse style to place on 5 acres near Wimberley. A few points that might not be obvious from the plans are: There will be a double porch across the back just like the front No dormers (Metal roof) 1/2 bath under stairs Overall dimensions are 55 by 40 What I am looking for is a little design help in the kitchen. More cabinets, maybe a different shaped island, and a way to enlarge the pantry. Reagan suggested that I find a way to make the exterior more attractive. I want to keep a simple roof line to avoid leaks, but I was thinking about bringing the left side forward in the front of the house and place 1 gable in the front. That might look good if the exterior was stone and stucco. Also the front porch would be smaller. I have 3 bids from builders all around $325,000. I am ready to go ahead and have the plans done so I can spec out all the finishings and choose a builder. I just wanted to give you the opportunity to do the work. As I mentioned my alternative is $0.60/ft. I thought that since I had a such a detailed sketch, you might consider the job for less than the $6,000 that Reagan allowed. Phillip Allen 713-853-7041 ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/29/2001 09:10 AM --------------------------- Hunter S Shively 03/26/2001 10:01 AM To: phillip.k.allen@enron.com cc: Subject: (See attached file: F828FA00.PDF) - F828FA00.PDF
Date: Thu, 29 Mar 2001 01:41:00 -0800 (PST) From: phillip.allen@enron.com To: scsatkfa@caprock.net Subject: Body: Cary, Here is the picture of the house I have in mind. I was going for a simple farmhouse style to place on 5 acres near Wimberley. A few points that might not be obvious from the plans are: There will be a double porch across the back just like the front No dormers (Metal roof) 1/2 bath under stairs Overall dimensions are 55 by 40 What I am looking for is a little design help in the kitchen. More cabinets, maybe a different shaped island, and a way to enlarge the pantry. Reagan suggested that I find a way to make the exterior more attractive. I want to keep a simple roof line to avoid leaks, but I was thinking about bringing the left side forward in the front of the house and place 1 gable in the front. That might look good if the exterior was stone and stucco. Also the front porch would be smaller. I have 3 bids from builders all around $325,000. I am ready to go ahead and have the plans done so I can spec out all the finishings and choose a builder. I just wanted to give you the opportunity to do the work. As I mentioned my alternative is $0.60/ft. I thought that since I had a such a detailed sketch, you might consider the job for less than the $6,000 that Reagan allowed. Phillip Allen 713-853-7041 ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/29/2001 09:10 AM --------------------------- Hunter S Shively 03/26/2001 10:01 AM To: phillip.k.allen@enron.com cc: Subject:
Date: Wed, 18 Apr 2001 17:21:00 -0700 (PDT) From: phillip.allen@enron.com To: chad.landry@enron.com Subject: Re: Resume Body: Chad, Call Ted Bland about the trading track program. All the desks are trying to use this program to train analysts to be traders. Your experience should help you in the process and make the risk rotation unnecessary. Unless you are dying to do another rotation is risk. Phillip
Date: Wed, 28 Mar 2001 23:13:00 -0800 (PST) From: phillip.allen@enron.com To: barry.tycholiz@enron.com Subject: Re: Opening Day - Baseball Tickets Body: no problem
Date: Wed, 28 Mar 2001 08:03:00 -0800 (PST) From: phillip.allen@enron.com To: rlehmann@yahoo.com Subject: Body: Reagan, Thank you for the quick response on the bid for the residence. Below is a list of questions on the specs: 1. Is the framing Lumber #2 yellow pine? Wouldn't fir or spruce warp less and cost about the same? 2. What type of floor joist would be used? 2x12 or some sort of factory joist? 3. What type for roof framing? On site built rafters? or engineered trusses? 4. Are you planning for insulation between floors to dampen sound? What type of insulation in floors and ceiling? Batts or blown? Fiberglass or Cellulose? 5. Any ridge venting or other vents (power or turbine)? 6. Did you bid for interior windows to have trim on 4 sides? I didn't know the difference between an apron and a stool. 7. Do you do anything special under the upstairs tile floors to prevent cracking? Double plywood or hardi board underlay? 8. On the stairs, did you allow for a bannister? I was thinking a partial one out of iron. Only about 5 feet. 9. I did not label it on the plan, but I was intending for a 1/2 bath under the stairs. A pedestal sink would probably work. 10. Are undermount sinks different than drop ins? I was thinking undermount stainless in kitchen and undermount cast iron in baths. 11. 1 or 2 A/C units? I am assuming 2. 12. Prewired for sound indoors and outdoors? 13. No door and drawer pulls on any cabinets or just bath cabinets? 14. Exterior porches included in bid? Cedar decking on upstairs? Iron railings? 15. What type of construction contract would you use? Fixed price except for change orders? I want to get painfully detailed with the specs before I make a decision but this is a start. I think I am ready to get plans drawn up. I am going to call Cary Kipp to see about setting up a design meeting to see if I like his ideas. Phillip I
Date: Wed, 28 Mar 2001 04:43:00 -0800 (PST) From: phillip.allen@enron.com To: llewter@austin.rr.com Subject: Body: Larry, Jacques has sent a document to Claudia for your review. Just dropping you a line to confirm that you have seen it. Phillip
Date: Wed, 28 Mar 2001 01:56:00 -0800 (PST) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Body: Jacques, Would it be ok if I signed new consulting agreements with the engineer and architect? They have both sent me agreements. The only payment that George and Larry had made was $2,350 to the architect. I have written personal checks in the amounts of $25,000 to the architect and $13,950 to the engineer. I was wondering if the prior work even needs to be listed as an asset of the partnership. I would like for the agreements with these consultants to be with the partnership not with me. Should I wait until the partnership has been conveyed to sign in the name of the partnership. Let me know what you think. Phillip
Date: Tue, 27 Mar 2001 06:29:00 -0800 (PST) From: phillip.allen@enron.com To: dennisjr@ev1.net Subject: Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/27/2001 02:29 PM --------------------------- Hunter S Shively 03/26/2001 10:01 AM To: phillip.k.allen@enron.com cc: Subject:
Date: Tue, 27 Mar 2001 04:06:00 -0800 (PST) From: phillip.allen@enron.com To: denisjr@ev1.net Subject: Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/27/2001 12:06 PM --------------------------- Hunter S Shively 03/26/2001 10:01 AM To: phillip.k.allen@enron.com cc: Subject:
Date: Tue, 27 Mar 2001 03:37:00 -0800 (PST) From: phillip.allen@enron.com To: gthorse@keyad.com Subject: Body: Greg, Here are my comments and questions on the cost estimates: Cost per square foot seem too low for construction $33.30/sf (gross)/$36/sf (rentable) What do the cost for On-Site General Requirements ( $299,818) represent? Will you review the builders profit and fees with me again? You mentioned 2% overhead, 3 % ???, and 5% profit. Why is profit only 4%? Why are the architect fees up to $200K. I thought they would be $80K. What is the $617K of profit allowance? Is that the developers profit to boost loan amount but not a real cost? Total Closing and Application costs of 350K? That seems very high? Who receives the 2 points? How much will be sunk costs if FHA declines us? Where is your 1%? Are you receiving one of the points on the loan? What is the status on the operating pro forma? My back of the envelope puts NOI at $877K assuming 625/1BR, 1300/3BR, 950/2BR, 5% vacancy, and 40% expenses. After debt service that would only leave $122K. The coverage would only be 1.16. Talk to you this afternoon. Phillip
Date: Mon, 26 Mar 2001 09:05:00 -0800 (PST) From: phillip.allen@enron.com To: mary.gray@enron.com Subject: Re: NGI access to eol Body: Grif, Please provide a temporary id Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/26/2001 05:04 PM --------------------------- Dexter Steis <dexter@intelligencepress.com> on 03/26/2001 02:22:41 PM To: Phillip.K.Allen@enron.com cc: Subject: Re: NGI access to eol Hi Phillip, It's that time of month again, if you could be so kind. Thanks, Dexter ***************************** Dexter Steis Executive Publisher Intelligence Press, Inc. 22648 Glenn Drive Suite 305 Sterling, VA 20164 tel: (703) 318-8848 fax: (703) 318-0597 http://intelligencepress.com http://www.gasmart.com ****************************** At 09:57 AM 1/26/01 -0600, you wrote: >Dexter, > >You should receive a guest id shortly. > >Phillip
Date: Mon, 26 Mar 2001 06:52:00 -0800 (PST) From: phillip.allen@enron.com To: john.lavorato@enron.com Subject: Body: John, Mike is fine with signing a new contract (subject to reading the terms, of course). He prefers to set strikes over a 3 month period. His existing contract pays him a retention payment of $55,000 in the next week. He still wants to receive this payment. Phillip
Date: Mon, 26 Mar 2001 06:21:00 -0800 (PST) From: phillip.allen@enron.com To: rlehmann@yahoo.com Subject: Body: Reagan, Here is a photograhph of the house I have in mind. Specific features include: Stained and scored concrete floors downstairs Wood stairs Two story porches on front and rear Granite counters in kitchens and baths Tile floors in upstairs baths Metal roof w/ gutters (No dormers) Cherry or Maple cabinets in kitchen & baths Solid wood interior doors Windows fully trimmed Crown molding in downstairs living areas 2x6 wall on west side Undecided items include: Vinyl or Aluminum windows Wood or carpet in upstairs bedrooms and game room Exterior stucco w/ stone apron and window trim or rough white brick on 3-4 sides I have faxed you the floor plans. The dimensions may be to small to read. The overall dimensions are 55' X 40'. For a total of 4400 sq ft under roof, but only 3800 of livable space after you deduct the garage. Are there any savings in the simplicity of the design? It is basically a box with a simple roof line. Call me if you have any questions. 713-853-7041. Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/26/2001 12:07 PM --------------------------- Hunter S Shively 03/26/2001 10:01 AM To: phillip.k.allen@enron.com cc: Subject:
Date: Wed, 18 Apr 2001 13:58:00 -0700 (PDT) From: phillip.allen@enron.com To: jsmith@austintx.com Subject: Re: FW: 2nd lien info. and private lien info - The Stage Coach Body: Apartments, Phillip Allen How am I to send them the money for the silent second? Regular mail, overnight, wire transfer? I don't see how their bank will make the funds available by Friday unless I wire the money. If that is what I need to do please send wiring instructions.
Date: Mon, 26 Mar 2001 05:27:00 -0800 (PST) From: phillip.allen@enron.com To: gthorse@keyad.com Subject: Body: Greg, Something that I forgot to ask you. Do you know if Hugo is planning to replatt using an administrative process which I understand is quicker than the full replatting process of 3 weeks? Also let me know about the parking. The builder in San Marcos believed the plan only had 321 parking spots but would require 382 by code. The townhomes across the street have a serious parking problem. They probably planned for the students to park in the garages but instead they are used as extra rooms. Phillip
Date: Mon, 26 Mar 2001 04:26:00 -0800 (PST) From: phillip.allen@enron.com To: jess.hewitt@enron.com Subject: Re: Derek Kelly Body: keith holst sent you an email with the details.
Date: Mon, 26 Mar 2001 02:58:00 -0800 (PST) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Re: Purchase and Sale Agreement Body: Jacques, The agreement looks fine. My only comment is that George and Larry might object to the language that "the bank that was requested to finance the construction of the project declined to make the loan based on the high costs of the construction of the Project". Technically, that bank lowered the loan amount based on lower estimates of rents which altered the amount of equity that would be required. Did I loan them $1,300,000? I thought it was less. Regarding Exhibit A, the assets include: the land, architectural plans, engineering completed, appraisal, and soils study. Most of these items are in a state of partial completion by the consultants. I have been speaking directly to the architect, engineer, and soils engineer. I am unclear on what is the best way to proceed with these consultants. The obligations should include the fees owed to the consultants above. Do we need to list balances due or just list the work completed as an asset and give consideration of $5,875 for the cash paid to the engineer and appraisor. Phillip
Date: Mon, 26 Mar 2001 02:03:00 -0800 (PST) From: phillip.allen@enron.com To: keith.holst@enron.com, mike.grigsby@enron.com, frank.ermis@enron.com Subject: Current Gas Desk List Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/26/2001 10:03 AM --------------------------- To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Current Gas Desk List Hope this helps! This is the current gas desk list that I have in my personal address book. Call me with any questions. Erika GROUP: East Desk Basics: Group name: East Desk Group type: Multi-purpose Description: Members: Matthew B Fleming/HOU/EES James R Barker/HOU/EES Barend VanderHorst/HOU/EES Jay Blaine/HOU/EES Paul Tate/HOU/EES Alain Diza/HOU/EES Rhonda Smith/HOU/EES Christina Bangle/HOU/EES Sherry Pendegraft/HOU/EES Marde L Driscoll/HOU/EES Daniel Salinas/HOU/EES Sharon Hausinger/HOU/EES Joshua Bray/HOU/EES James Wiltfong/HOU/EES Owners: Erika Dupre/HOU/EES Administrators: Erika Dupre/HOU/EES Foreign directory sync allowed: Yes GROUP: West Desk Basics: Group name: West Desk Group type: Multi-purpose Description: Members: Jesus Guerra/HOU/EES Monica Roberts/HOU/EES Laura R Arnold/HOU/EES Amanda Boettcher/HOU/EES C Kyle Griffin/HOU/EES Jess Hewitt/HOU/EES Artemio Muniz/HOU/EES Eugene Zeitz/HOU/EES Brandon Whittaker/HOU/EES Roland Aguilar/HOU/EES Ruby Robinson/HOU/EES Roger Reynolds/HOU/EES David Coolidge/HOU/EES Joseph Des Champs/HOU/EES Kristann Shireman/HOU/EES Owners: Erika Dupre/HOU/EES Administrators: Erika Dupre/HOU/EES Foreign directory sync allowed: Yes
Date: Mon, 26 Mar 2001 00:35:00 -0800 (PST) From: phillip.allen@enron.com To: stouchstone@natsource.com Subject: Re: Body: Steve, Try bmckay@enron.com or Brad.McKay@enron.com
Date: Sun, 25 Mar 2001 23:03:00 -0800 (PST) From: phillip.allen@enron.com To: llewter@austin.rr.com Subject: Re: Buyout Body: Cc: jacquestc@aol.com Bcc: jacquestc@aol.com Larry, Jacques has been working with Claudia. I will check his progress this morning and let you know. Phillip
Date: Tue, 20 Mar 2001 03:25:00 -0800 (PST) From: phillip.allen@enron.com To: gthorse@keyad.com Subject: Body: Greg, just a note to let you know I will be out of the office Wed(3/21) until Thurs(3/23). The kids are on spring break. I will be in San Marcos and you can reach me on my cell phone 713-410-4679 or email pallen70@hotmail.com. I was planning on stopping by to see Hugo Elizondo on Thursday to drop off a check and give him the green light to file for replatting. What will change if we want to try and complete the project in phases. Does he need to change what he is going to submit to the city. I spoke to Gordon Kohutek this morning. He was contracted to complete the soils study. He says he will be done with his report by the end of the week. I don't know who needs this report. I told Gordon you might call to inquire about what work he performed. His number is 512-930-5832. We spoke on the phone about most of these issues. Talk to you later. Phillip
Date: Mon, 19 Mar 2001 03:48:00 -0800 (PST) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: RE: Buyout Body: Jacques, Here is Larry Lewter's response to my request for more documentation to support the $15,000. As you will read below, it is no longer an issue. I think that was the last issue to resolve. Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/19/2001 11:45 AM --------------------------- "Larry Lewter" <llewter@austin.rr.com> on 03/19/2001 09:10:33 AM To: <Phillip.K.Allen@enron.com> cc: Subject: RE: Buyout Phillip, the title company held the $15,000 in escrow and it has been returned. It is no longer and issue. Larry -----Original Message----- From: Phillip.K.Allen@enron.com [mailto:Phillip.K.Allen@enron.com] Sent: Monday, March 19, 2001 8:45 AM To: llewter@austin.rr.com Subject: Re: Buyout Larrry, I realize you are disappointed about the project. It is not my desire for you to be left with out of pocket expenses. The only item from your list that I need further clarification is the $15,000 worth of extensions. You mentioned that this was applied to the cost of the land and it actually represents your cash investment in the land. I agree that you should be refunded any cash investment. My only request is that you help me locate this amount on the closing statement or on some other document. Phillip
Date: Mon, 19 Mar 2001 02:00:00 -0800 (PST) From: phillip.allen@enron.com To: ina.rangel@enron.com Subject: Your Approval is Overdue: Access Request for mike.grigsby@enron.com Body: Ina, Can you help me approve this request? Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/19/2001 09:53 AM --------------------------- ARSystem <ARSystem@mailman.enron.com> on 03/16/2001 05:15:12 PM To: "phillip.k.allen@enron.com" <phillip.k.allen@enron.com> cc: Subject: Your Approval is Overdue: Access Request for mike.grigsby@enron.com This request has been pending your approval for 9 days. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000021442&Page= Approval to review and act upon this request. Request ID : 000000000021442 Request Create Date : 3/2/01 8:27:00 AM Requested For : mike.grigsby@enron.com Resource Name : Market Data Bloomberg Resource Type : Applications
Date: Mon, 19 Mar 2001 01:36:00 -0800 (PST) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Body: Jacques, Still trying to close the loop on the $15,000 of extensions. Assuming that it is worked out today or tomorrow, I would like to get whatever documents need to be completed to convey the partnership done. I need to work with the engineer and architect to get things moving. I am planning on writing a personal check to the engineer while I am setting up new accounts. Let me know if there is a reason I should not do this. Thanks for all your help so far. Between your connections and expertise in structuring the loan, you saved us from getting into a bad deal. Phillip
Date: Wed, 18 Apr 2001 13:30:00 -0700 (PDT) From: phillip.allen@enron.com To: karen.buckley@enron.com Subject: Re: Presentation to Trading Track A&A Body: The topic will the the western natural gas market. I may have overhead slides. I will bring handouts.
Date: Mon, 19 Mar 2001 00:45:00 -0800 (PST) From: phillip.allen@enron.com To: llewter@austin.rr.com Subject: Re: Buyout Body: Larrry, I realize you are disappointed about the project. It is not my desire for you to be left with out of pocket expenses. The only item from your list that I need further clarification is the $15,000 worth of extensions. You mentioned that this was applied to the cost of the land and it actually represents your cash investment in the land. I agree that you should be refunded any cash investment. My only request is that you help me locate this amount on the closing statement or on some other document. Phillip
Date: Fri, 16 Mar 2001 04:28:00 -0800 (PST) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Body: Jacques, I think we reached an agreement with George and Larry to pick up the items of value and not pay any fees for their time. It looks as if we will be able to use everything they have done (engineering, architecture, survey, appraisal). One point that is unclear is they claim that the $15,000 in extensions that they paid was applied to the purchase price of the land like earnest money would be applied. I looked at the closing statements and I didn't see $15,000 applied against the purchase price. Can you help clear this up. Assuming we clear up the $15,000, we need to get the property released. Keith and I are concerned about taking over the Bishop Corner partnership and the risk that there could be undisclosed liabilities. On the other hand, conveyance of the partnership would be a time and money saver if it was clean. What is your inclination? Call as soon as you have a chance to review. Phillip
Date: Thu, 15 Mar 2001 07:42:00 -0800 (PST) From: phillip.allen@enron.com To: matt.smith@enron.com Subject: Matt Smith Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/15/2001 03:41 PM --------------------------- Mike Grigsby 03/14/2001 07:32 PM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: Matt Smith Let's talk to Matt about the forecast sheets for Socal and PG&E. He needs to work on the TW sheet as well. Also, I would like him to create a sheet on pipeline expansions and their rates and then tie in the daily curves for the desk to use. Mike
Date: Thu, 15 Mar 2001 07:39:00 -0800 (PST) From: phillip.allen@enron.com To: stagecoachmama@hotmail.com Subject: Body: Lucy, Here is the rentroll. My only questions are about #18, #25, and #37 missed rent. Any special reasons? It looks like there are five vacancies #2,12,20a,35,40. If you want to run an ad in the paper with a $50 discount that is fine. I will write you a letter of recommendation. When do you need it? You can use me as a reference. In the next two weeks we should really have a good idea whether the sale is going through. Phillip
Date: Thu, 15 Mar 2001 06:45:00 -0800 (PST) From: phillip.allen@enron.com To: todd.burke@enron.com Subject: Re: Confidential Employee Information/Lenhart Body: I also need to know the base salaries of Jay Reitmeyer and Monique Sanchez. They are doing the same job as Matt.
Date: Thu, 15 Mar 2001 06:23:00 -0800 (PST) From: phillip.allen@enron.com To: jeff.richter@enron.com Subject: Behind the Stage Two Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/15/2001 02:22 PM --------------------------- "Arthur O'Donnell" <aod@newsdata.com> on 03/15/2001 11:35:55 AM Please respond to aod@newsdata.com To: Western.Price.Survey.contacts@ren-10.cais.net cc: Fellow.power.reporters@ren-10.cais.net Subject: Behind the Stage Two FYI Western Price Survey Contacts Cal-ISO's declaration of Stage Two alert this morning was triggered in part by decision of Bonneville Power Administration to cease hour-to-hour sales into California of between 600 MW and 1,000 MW that it had been making for the past week. According to BPA, it had excess energy to sell as a result of running water to meet biological opinion flow standards, but it has stopped doing so in order to allow reservoirs to fill from runoff. The agency said it had been telling California's Department of Water Resources that the sales could cease at any time, and this morning they ended. Cal-ISO reported about 1,600 MW less imports today than yesterday, so it appears other sellers have also cut back. Yesterday, PowerEx said it was not selling into California because of concerns about its water reserves. BPA said it is still sending exchange energy into California, however. More details, if available, will be included in the Friday edition of the Western Price Survey and in California Energy Markets newsletter.
Date: Thu, 15 Mar 2001 06:11:00 -0800 (PST) From: phillip.allen@enron.com To: kim.bolton@enron.com Subject: RE: PERSONAL AND CONFIDENTIAL COMPENSATION INFORMATION Body: Thanks for the information. It would be helpful if you would send the detailed worksheet that you mentioned. I am surprised to hear that the only restricted shares left are the ones granted this January. I have always elected to defer any distributions of restricted stock. I believe I selected the minimum amount required to be kept in enron stock (50%). Are you saying that all the previous grants have fully vested and been distributed to my deferral account? Thank you for looking into this issue. Phillip
Date: Thu, 15 Mar 2001 04:39:00 -0800 (PST) From: phillip.allen@enron.com To: gthorse@keyad.com Subject: Sagewood M/F Body: Cc: djack@keyad.com Bcc: djack@keyad.com ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/15/2001 12:38 PM --------------------------- Andrew_M_Ozuna@bankone.com on 03/15/2001 10:06:15 AM To: Phillip.K.Allen@enron.com cc: Subject: Sagewood M/F (See attached file: outline.doc) (See attached file: MAPTTRA.xls) (Sample checklist of items needed for closing. We have received some of the items to date) (See attached file: Checklist.doc) - outline.doc - MAPTTRA.xls - Checklist.doc
Date: Wed, 14 Mar 2001 23:11:00 -0800 (PST) From: phillip.allen@enron.com To: stagecoachmama@hotmail.com Subject: Body: Lucy, Somehow my email account lost the rentroll you sent me on Tuesday. Please resend it and I will roll it for this week this morning. Phillip
Date: Wed, 14 Mar 2001 11:03:00 -0800 (PST) From: phillip.allen@enron.com To: pallen70@hotmail.com Subject: Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/14/2001 06:51 PM --------------------------- From: Keith Holst 03/14/2001 04:30 PM To: Phillip K Allen/HOU/ECT@ECT cc: Subject:
Date: Wed, 18 Apr 2001 11:22:00 -0700 (PDT) From: phillip.allen@enron.com To: jsmith@austintx.com Subject: Body: Jeff, I am in the office today. Any isssues to deal with for the stagecoach? Phillip
Date: Wed, 14 Mar 2001 08:02:00 -0800 (PST) From: phillip.allen@enron.com To: pallen70@hotmail.com Subject: Bishops Corner, Ltd. Buyout Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/14/2001 04:02 PM --------------------------- "George Richards" <cbpres@austin.rr.com> on 03/13/2001 11:29:49 PM Please respond to <cbpres@austin.rr.com> To: "Phillip Allen" <pallen@enron.com>, "Keith Holst" <kholst@enron.com> cc: "Larry Lewter" <LLEWTER@austin.rr.com>, "Claudia L. Crocker" <clclegal2@aol.com> Subject: Bishops Corner, Ltd. Buyout [IMAGE][IMAGE]??????????? ??????????? 8511 Horseshoe Ledge, Austin, TX? 78730-2840 Telephone (512) 338-1119? Fax(512)338-1103 E-Mail? cbpres@austin.rr.com ? ? ? ? March 13, 2001? Phillip Allen Keith Holst ENRON 1400 Smith Street Houston, TX? 77002-7361 Subject: Bishops Corner, Ltd. -- Restructure or Buyout Dear Phillip and Keith: We are prepared to sell Bishops Corner, Ltd. for reimbursement of our cash expenditures; compensation for our management services and your assumption of all note obligations and design contracts.? As shown on the attached summary table, cash expenditures total $21,196 and existing contracts to the architect, civil engineer, soils testing company, and appraisal total $67,050.? The due on these contracts is $61,175, of which current unpaid invoices due total $37,325. Acting in good faith, we have invested an enormous amount of time into this project for more than five months and have completed most of the major design and other pre-construction elements.? As it is a major project for a firm of our size, it was given top priority with other projects being delayed or rejected, and we are now left with no project to pursue.? Two methods for valuing this development management are 1) based on a percentage of the minimum $1.4MM fee we were to have earned and 2) based on your prior valuation of our time.? For the first, we feel that at least 25%, or $350,000, of the minimum $1.4MM fee has been earned to date.? For the second, in your prior correspondence you valued our time at $500,000 per year, which would mean this period was worth $208,333.? Either of these valuations seem quite fair and reasonable, especially as neither includes the forfeit of our 40% interest in the project worth $0.8--$1.2MM. ?However, in the hope that we can maintain a good relationship with the prospect of future projects, we are willing to accept only a small monthly fee of $15,000 per month to cover a portion of our direct time and overhead.? As shown in the attached table, this fee, plus cash outlays and less accrued interest brings the total net buyout to $78,946.? We still believe that this project needs the professional services that we offer and have provided.? However, if you accept the terms of this buyout offer, which we truly feel is quite fair and reasonable, then, we are prepared to be bought out and leave this extraordinary project to you both.? If this is your choice, either contact us, or have your attorney contact our attorney, Claudia Crocker, no later than Friday of this week.? The attorneys can then draft whatever minimal documents are necessary for the transfer of the Bishops Corner, Ltd. Partnership to you following receipt of the buyout amount and assumption of the outstanding professional design contracts. Thank you. ? Sincerely, [IMAGE] ? ? ? George W. Richards President P.S.????? Copies of contracts will be forwarded upon acceptance of buyout. ? cc:??????? Larry Lewter ??????????? Claudia Crocker - image001.wmz - image002.gif - image003.png - image004.gif - header.htm - oledata.mso - Restructure Buyout.xls
Date: Wed, 14 Mar 2001 08:01:00 -0800 (PST) From: phillip.allen@enron.com To: pallen70@hotmail.com Subject: Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/14/2001 04:01 PM --------------------------- From: Phillip K Allen 03/14/2001 09:49 AM To: Jacquestc@aol.com cc: Subject: Here is the buyout spreadsheet again with a slight tweak in the format. The summary presents the numbers as only $1400 in concessions.
Date: Wed, 14 Mar 2001 04:18:00 -0800 (PST) From: phillip.allen@enron.com To: gthorse@keyad.com, djack@keyad.com Subject: Body: Gentlemen, Today I finally received some information on the status of the work done to date. I spoke to Hugo Alexandro at Cuatro Consultants. The property is still in two parcels. Hugo has completed a platt to combine into one lot and is ready to submit it to the city of San Marcos. He has also completed a topographical survey and a tree survey. In addition, he has begun to coordinate with the city on the replatting and a couple of easements on the smaller parcel, as well as, beginning the work on the grading. Hugo is going to fax me a written letter of the scope of work he has been engaged to complete. The total cost of his services are estimated at $38,000 of which $14,000 are due now for work completed. We are trying to resolve the issues of outstanding work and bills incurred by the original developer so we can obtain the title to the land. If we can continue to use Cuatro then it would be one less point of contention. Hugo's number is 512-295-8052. I thought you might want to contact him directly and ask him some questions. I spoke to him about the possibility of your call and he was fine with that. Now we are going to try and determine if any of the work performed by Kipp Flores can be used. Keith and I appreciate you meeting with us on Sunday. We left very optimistic about the prospect of working with you on this project. Call me with feedback after you speak to Hugo or with any other ideas about moving this project forward. Phillip
Date: Wed, 14 Mar 2001 03:49:00 -0800 (PST) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Body: Here is the buyout spreadsheet again with a slight tweak in the format. The summary presents the numbers as only $1400 in concessions.
Date: Wed, 14 Mar 2001 03:25:00 -0800 (PST) From: phillip.allen@enron.com To: jacquestc@aol.com Subject: Bishops Corner, Ltd. Buyout Body: Jacques, George finally sent me some information. Please look over his email. He wants us to buy him out. Keith and I think this is a joke. We still need to speak to his engineer and find out about his soil study to determine if it has any value going forward. I don't believe the architect work will be of any use to us. I don't think they deserve any compensation for their time due to the fact that intentional or not the project they were proposing was unsupportable by the market. My version of a buyout is attached. I need your expert advise. I am ready to offer my version or threaten to foreclose. Do they have a case that they are due money for their time? Since their cost and fees didn't hold up versus the market and we didn't execute a contract, I wouldn't think they would stand a chance. There isn't any time to waste so I want to respond to their offer asap. Call me with your thoughts. Phillip ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/14/2001 08:36 AM --------------------------- "George Richards" <cbpres@austin.rr.com> on 03/13/2001 11:29:49 PM Please respond to <cbpres@austin.rr.com> To: "Phillip Allen" <pallen@enron.com>, "Keith Holst" <kholst@enron.com> cc: "Larry Lewter" <LLEWTER@austin.rr.com>, "Claudia L. Crocker" <clclegal2@aol.com> Subject: Bishops Corner, Ltd. Buyout [IMAGE][IMAGE]??????????? ??????????? 8511 Horseshoe Ledge, Austin, TX? 78730-2840 Telephone (512) 338-1119? Fax(512)338-1103 E-Mail? cbpres@austin.rr.com ? ? ? ? March 13, 2001? Phillip Allen Keith Holst ENRON 1400 Smith Street Houston, TX? 77002-7361 Subject: Bishops Corner, Ltd. -- Restructure or Buyout Dear Phillip and Keith: We are prepared to sell Bishops Corner, Ltd. for reimbursement of our cash expenditures; compensation for our management services and your assumption of all note obligations and design contracts.? As shown on the attached summary table, cash expenditures total $21,196 and existing contracts to the architect, civil engineer, soils testing company, and appraisal total $67,050.? The due on these contracts is $61,175, of which current unpaid invoices due total $37,325. Acting in good faith, we have invested an enormous amount of time into this project for more than five months and have completed most of the major design and other pre-construction elements.? As it is a major project for a firm of our size, it was given top priority with other projects being delayed or rejected, and we are now left with no project to pursue.? Two methods for valuing this development management are 1) based on a percentage of the minimum $1.4MM fee we were to have earned and 2) based on your prior valuation of our time.? For the first, we feel that at least 25%, or $350,000, of the minimum $1.4MM fee has been earned to date.? For the second, in your prior correspondence you valued our time at $500,000 per year, which would mean this period was worth $208,333.? Either of these valuations seem quite fair and reasonable, especially as neither includes the forfeit of our 40% interest in the project worth $0.8--$1.2MM. ?However, in the hope that we can maintain a good relationship with the prospect of future projects, we are willing to accept only a small monthly fee of $15,000 per month to cover a portion of our direct time and overhead.? As shown in the attached table, this fee, plus cash outlays and less accrued interest brings the total net buyout to $78,946.? We still believe that this project needs the professional services that we offer and have provided.? However, if you accept the terms of this buyout offer, which we truly feel is quite fair and reasonable, then, we are prepared to be bought out and leave this extraordinary project to you both.? If this is your choice, either contact us, or have your attorney contact our attorney, Claudia Crocker, no later than Friday of this week.? The attorneys can then draft whatever minimal documents are necessary for the transfer of the Bishops Corner, Ltd. Partnership to you following receipt of the buyout amount and assumption of the outstanding professional design contracts. Thank you. ? Sincerely, [IMAGE] ? ? ? George W. Richards President P.S.????? Copies of contracts will be forwarded upon acceptance of buyout. ? cc:??????? Larry Lewter ??????????? Claudia Crocker - image001.wmz - image002.gif - image003.png - image004.gif - header.htm - oledata.mso - Restructure Buyout.xls
Date: Tue, 13 Mar 2001 08:01:00 -0800 (PST) From: phillip.allen@enron.com To: tori.kuykendall@enron.com Subject: FW: ALL 1099 TAX QUESTIONS - ANSWERED Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/13/2001 04:00 PM --------------------------- "Benotti, Stephen" <stephen.benotti@painewebber.com> on 03/13/2001 12:58:24 PM To: "'pallen@enron.com'" <pallen@enron.com> cc: Subject: FW: ALL 1099 TAX QUESTIONS - ANSWERED Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your PaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by PaineWebber and PaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: PaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees. - 1494 How To File.pdf
Date: Tue, 13 Mar 2001 01:10:00 -0800 (PST) From: phillip.allen@enron.com To: cbpres@austin.rr.com Subject: Body: Cc: llewter@austin.rr.com Bcc: llewter@austin.rr.com George, I didn't receive the information on work completed or started. Please send it this morning. We haven't discussed how to proceed with the land. The easiest treatment would be just to deed it to us. However, it might be more advantageous to convey the partnership. Also, I would like to speak to Hugo today. I didn't find a Quattro Engineering in Buda. Can you put me in contact with him. Talk to you later. Phillip
Date: Mon, 12 Mar 2001 03:48:00 -0800 (PST) From: phillip.allen@enron.com To: matt.smith@enron.com Subject: matt Smith Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/12/2001 11:47 AM --------------------------- Mike Grigsby 03/07/2001 08:05 PM To: Phillip K Allen/HOU/ECT@ECT cc: Subject: matt Smith Let's have Matt start on the following: Database for hourly storage activity on Socal. Begin forecasting hourly and daily activity by backing out receipts, using ISO load actuals and backing out real time imports to get in state gen numbers for gas consumption, and then using temps to estimate core gas load. Back testing once he gets database created should help him forecast core demand. Update Socal and PG&E forecast sheets. Also, break out new gen by EPNG and TW pipelines. Mike
Date: Fri, 9 Mar 2001 05:06:00 -0800 (PST) From: phillip.allen@enron.com To: stagecoachmama@hotmail.com Subject: Body: Lucy, Here is a rentroll for this week. What is the outstanding balance on #1. It looks like 190 + 110(this week)= 300. I don't think we should make him pay late fees if can't communicate clearly. #2 still owe deposit? #9 What day will she pay and is she going to pay monthly or biweekly. Have a good weekend. I will talk to you next week. In about two weeks we should know for sure if these buyers are going to buy the property. I will keep you informed. Phillip
Date: Thu, 8 Mar 2001 06:46:00 -0800 (PST) From: ina.rangel@enron.com To: information.management@enron.com Subject: Mike Grigsby Body: Please approve Mike Grigsby for Bloomberg. Thank You, Phillip Allen
Date: Wed, 18 Apr 2001 11:11:00 -0700 (PDT) From: phillip.allen@enron.com To: keith.holst@enron.com, frank.ermis@enron.com, mike.grigsby@enron.com Subject: approved trader list Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/18/2001 08:10 AM --------------------------- To: Phillip K Allen/HOU/ECT@ECT cc: Subject: approved trader list Enron Wholesale Services (EES Gas Desk) Approved Trader List: Name Title Region Basis Only Black, Don Vice President Any Desk Hewitt, Jess Director All Desks Vanderhorst, Barry Director East, West Shireman, Kris Director West Des Champs, Joe Director Central Reynolds, Roger Director West Migliano, Andy Manager Central Wiltfong, Jim Manager All Desks Barker, Jim Sr, Specialist East Fleming, Matt Sr. Specialist East - basis only Tate, Paul Sr. Specialist East - basis only Driscoll, Marde Sr. Specialist East - basis only Arnold, Laura Sr. Specialist Central - basis only Blaine, Jay Sr. Specialist East - basis only Guerra, Jesus Sr. Specialist Central - basis only Bangle, Christina Sr. Specialist East - basis only Smith, Rhonda Sr. Specialist East - basis only Boettcher, Amanda Sr. Specialist Central - basis only Pendegraft, Sherry Sr. Specialist East - basis only Ruby Robinson Specialist West - basis only Diza, Alain Specialist East - basis only Monday, April 16, 2001 Jess P. Hewitt Revised Approved Trader List.doc
Date: Thu, 8 Mar 2001 05:33:00 -0800 (PST) From: phillip.allen@enron.com To: gthorse@keyad.com Subject: Sagewood Phase II Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/08/2001 01:32 PM --------------------------- Andrew_M_Ozuna@bankone.com on 03/07/2001 11:41:43 AM To: Phillip.K.Allen@enron.com cc: Subject: Sagewood Phase II ---------------------- Forwarded by Andrew M Ozuna/TX/BANCONE on 03/07/2001 01:41 PM --------------------------- Andrew M Ozuna 03/06/2001 03:14 PM To: "George Richards" <cbpres@austin.rr.com> cc: Subject: Sagewood Phase II George, Thank you for the opportunity to review your financing request for the Sagewood Phase II project. Upon receipt of all the requested information regarding the project, we completed somewhat of a due diligence on the market. There are a number of concerns which need to be addressed prior to the Bank moving forward on the transaction. First, the pro-forma rental rates, when compared on a Bedroom to Bedroom basis, are high relative to the market. We adjusted pro-forma downward to match the market rates and the rates per bedroom we are acheiving on the existing Sagewood project. Additionally, there are about 500+ units coming on-line within the next 12 months in the City of San Marcos, this, we believe will causes some downward rent pressures which can have a serious effect on an over leveraged project. We have therefore adjusted the requested loan amount to $8,868,000. I have summarized our issues as follows: 1. Pro-forma rental rates were adjusted downward to market as follows: Pro-Forma Bank's Adjustment Unit Unit Rent Rent/BR Unit Rent Rent/BR 2 BR/2.5 BA $1,150 $575 $950 $475 3 BR/Unit $1,530 $510 $1,250 $417 2. Pro-forma expenses were increased to include a $350/unit reserve for unit turn over. 3. A market vacancy factor of 5% was applied to Potential Gross Income (PGI). 4. Based on the Bank's revised N.O.I. of $1,075,000, the project can support debt in the amount of $8,868,000, and maintain our loan parameters of 1.25x debt coverage ratio, on a 25 year amo., and 8.60% phantom interest rate. 5. The debt service will be approx. $874,000/year. 6. Given the debt of $8,868,000, the Borrower will be required to provide equity of $2,956,000, consisting of the following: Land - $1,121,670 Deferred profit& Overhead $ 415,000 Cash Equity $1,419,268 Total $2,955,938 7. Equity credit for deferred profit and overhead was limited to a percentage of actual hard construction costs. (See attached file: MAPTTRA.xls) - MAPTTRA.xls
Date: Wed, 7 Mar 2001 08:16:00 -0800 (PST) From: phillip.allen@enron.com To: djack@keyad.com Subject: Re: San Marcos Body: Darrell, Today I let the builder/developer know that I would not proceed with his excessively high cost estimates. As he did not have the funds to take on the land himself, he was agreeable to turning over the land to me. I would like to proceed and develop the property. My thought is to compare the financing between Bank One and FHA. I would also like to compare construction and development services between what you can do and a local builder in San Marcos that I have been speaking with. Making a trip to meet you and take a look at some of your projects seems to be in order. I am trying to get the status of engineering and architectural work to date. Once again the architect is Kipp Florres and the engineer is Quattro Consultants out of Buda. Let me know if you have an opinion about either. I look forward to working with you. Talk to you tomorrow. Phillip
Date: Wed, 7 Mar 2001 05:00:00 -0800 (PST) From: phillip.allen@enron.com To: robert.badeer@enron.com Subject: Revised Long Range Hydro Forecast Body: ---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/07/2001 01:00 PM --------------------------- TIM HEIZENRADER 03/05/2001 09:06 AM To: Phillip K Allen/HOU/ECT@ECT cc: Tim Belden/HOU/ECT@ECT, Chris Gaskill/Corp/Enron@Enron Subject: Revised Long Range Hydro Forecast Phillip: Here's a summary of our current forecast(s) for PNW hydro. Please give me a call when you have time, and I'll explain the old BiOp / new BiOp issue. Tim