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Subject: colored printer taj mahal hello everyone . this memo only applies to the research group on the 19 th floor that use the colored printer " taj mahal " . vince has requested that i ask each of you to only use the colored printer " taj mahal " for presentations , newsletters , etc . that require at least 90 % of color . these cartridges are very expensive and several times we have picked up a copy of something that only had color on the first page and it would be maybe 15 - 20 pages long . this is not cost effective . if you have something that has color on the first page , but not on the rest of the presentation , then please just print the first page on the color printer and the rest on " bandit " or " wagon " . your help will be greatly appreciated ! thanks ! shirley
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Subject: re : joint probabilities bob - i ' ve edited our numbers a bit on the azurix analysis and would like you to re - run the joint probabilities tables . please note that i ' ve got 2 cases in the model now - an optimistic case and a pessimistic case . i hope you can run both cases . ( you will need to toggle for case 1 or 2 - real complicated stuff ! ! ) please keep everything else the same ( ie , the currency probabilities , rab probabilities , etc . ) thanks for your help . michael anderson 646 - 9666
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Subject: re : eprm 2001 houston layla , my associate ' s name is tanya tamarchenko . the e - mail address is : tanya . tamarchenko @ enron . com . location is the same as mine , enron , 1400 smith , houston . thanks vince p . s . shirley , please send my bio to layla " layla o ' leary " on 05 / 02 / 2001 10 : 33 : 00 am please respond to to : cc : subject : re : eprm 2001 houston yes , that ' s fine . if you can please give me her full contact details including e - mail and address i will have her registered as a co - speaker . if you would like to bring your own copies to the event i would ask you to send 200 copies directly to the venue . although if you can get it to me on friday i can still insert it ! could i please trouble you for a short biography ? kind regards layla - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : 02 may 2001 15 : 38 to : loleary @ riskwaters . com cc : vince . j . kaminski @ enron . com subject : re : eprm 2001 houston layla , a few points . i shall be glad to attend the reception . i am falling behind in getting my presentation ready . sorry for the delay . i can commit to delivering the required number of copies on the day of my presentation ( or a day before ) . i have done it on two occasions before ( power 2000 and power 1999 ) : the copies were produced by our company copy center at no cost to you . my associate , tanya tamarchenko , is helping me with one aspect of the presentation and i would like her to deliver part of my speach . it ' s only fair to give her the credit when the credit is due . is it ok to include her as an additional speaker ? vince " layla o ' leary " on 04 / 30 / 2001 09 : 04 : 52 am please respond to to : cc : subject : eprm 2001 houston dear speaker , pre - congress cocktail reception - sunday 13 th may @ 5 : 30 pm in the juniper room we would be delighted to have you attend our pre - congress cocktail reception . we will be extending this invitation to all our sponsors , exhibitors and eprm / risk waters group staff . we hope this will provide a perfect opportunity for you to meet all our staff and clients before the formal opening of eprm 2001 usa + rsvp i would also like to remind you that i need any missing presentations by thursday 3 rd may . it is essential that i get these in as the delegates rely on these to make notes and get very upset if they are not included in the packs . if you still haven ' t informed me of your av requirements , please do so as quickly as possible . i also require a short biography . i would like to point out that i will not be taking any presentations on disk to the event . if you are using a laptop , your presentation should be loaded onto the laptop that you bring with you . you must bring your own laptop and disc , with connecting cables . any questions , please do not hesitate to contact me . kind regards layla o ' leary event co - ordinator risk waters group haymarket house 28 - 29 haymarket london swly 4 rx tel : + 44 ( 0 ) 20 7484 9871 fax : + 44 ( 0 ) 20 7484 9800
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Subject: resending paper - - - - - - - - - - - - - - - - - - - - - - forwarded by jason sokolov / hou / ect on 04 / 30 / 2001 05 : 04 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " lynn nazareth " on 04 / 27 / 2001 12 : 46 : 37 pm to : jason . sokolov @ enron . com cc : subject : resending paper jason : here is our team ' s assignment . please confirm receipt . i am also sending you the file via my outlook address in case this doesn ' t work . this is our team : helen demianenko javier lamas lynn nazareth shauywn smith carlos wheelock sarah wooddy thanks , jason ! see you at enron this fall ! lynn get your free download of msn explorer at http : / / explorer . msn . com - mg _ analysis _ final . doc
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Subject: last day notification shelia walton , hr , told me that my last day with my department will be june 30 . meanwhile i talked last week to ebs , enrononline , and ees . i was most interested in the ees talk with harold buchanan who needs to know that he has the most complete list of potential customers and then information about those customers . any happenings from your talks ?
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Subject: new mexico energy graphic presentations - cera report title : new mexico energy graphic presentations e - mail category : report cera knowledge area ( s ) : mexico energy - http : / / www 20 . cera . com / eprofile ? u = 35 & m = 2396 cera is pleased to announce some new enhancements to the mexico energy advisory service website . in addition to recent research and upcoming events , the mexico service is incorporating new features including rich media presentations . areas of focus for these presentations include : * the energy dialogue : players and issues , * mexico energy reform progress update : electric power , and * mexico energy reform progress update : natural gas to view these presentations , you must have the flash player software installed on your computer . the free macromedia flash player can be downloaded at : pl _ prod _ version = shockwaveflash we encourage you to visit the mexico energy website today to obtain cera ' s independent perspective on mexican energy market issue via a new medium ! these graphics presentations are presented under the market outlook area of the mexican energy website at : cera ' s spring 2001 roundtable event dates and agendas are now available at http : / / www 20 . cera . com / event to make changes to your cera . com profile go to : forgot your username and password ? go to : http : / / www 20 . cera . com / client / forgot this electronic message and attachments , if any , contain information from cambridge energy research associates , inc . ( cera ) which is confidential and may be privileged . unauthorized disclosure , copying , distribution or use of the contents of this message or any attachments , in whole or in part , is strictly prohibited . terms of use : http : / / www 20 . cera . com / tos questions / comments : webmaster @ cera . com copyright 2001 . cambridge energy research associates
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Subject: re : maureen raymond - castaneda extension maureen , i apologize that your phone was disconnected in error . at this time your phone is working and your voice mail box needs to be set up . i would like to add however , i do not appreciate your disrespect and unreasonable demands placed on my employees . they were not the cause of this problem and can only relay your information to the appropriate group . enron has values of respect , integrity , communication and excellence . i would appreciate you taking the time to review them . robert knight director voice communications stella l ely 03 / 08 / 2000 11 : 08 am to : move - team / epsc / hou / ect @ ect , telephone mods / corp / enron @ enron , dolores sustaita / epsc / hou / ect @ ect , robert knight / hou / ect @ ect cc : subject : maureen raymond - castaneda extension please reinstate maureen ' s extension immediately , if possible . it was disconnected this past weekend when we had it taken off of the phone at eb 3073 f . her extension was on two phones at two different locations and should not have been disconnected at eb 1939 . her extension no . is 30396 . sorry for the confusion . please let me know timing asap . thank you . stella ely
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Subject: finance club : e - trading and fixed income markets workshop as faculty advisor to the finance club , prof . barb ostdeik is encouraging all members to take advantage of a great opportunity to learn more about trading operations from two very respected individuals in the industry . keith anderson of blackrock , inc ( jgsm 1983 ) and dexter senft of lehman brothers & tradeweb llc ( rice 1974 ) have visited the jones school to give this lecture and students have raved about them . albert wang ' s fixed income and advanced investments classes are required to attend , and james weston recommends for his applied finance students and any first years taking investments next year to be there . when : 9 : 45 a . m . d 11 : 15 a . m . wednesday april 18 where : room 117 herring hall presentation / discussion topics : trading tactics d phone trades vs . electronic trading evolution of e - trading in fixed income markets the future of the trading desk buy - side vs . sell - side issues speaker profiles : keith anderson , managing director and chief investment officer , fixed income of blackrock , inc . , is co - head of the fixed income operating committee , chairman of the investment strategy group and a member of blackrock  , s management committee . mr . anderson is responsible for global fixed income strategy , asset allocation and the overall management of client portfolios . he coordinates a team of thirty - two portfolio managers and more than twenty - five credit and quantitative analysts . mr . anderson is a member of the treasury borrowing advisory committee , which meets quarterly in washington , d . c . with the secretary and staff of the u . s . treasury to advise them on the financing and management of the federal debt . prior to founding blackrock in 1988 , mr . anderson was a vice president in fixed income research at the first boston corporation , working in mortgage securities and derivative products strategies . mr . anderson with criterion investment management company where he had primary responsibility for a $ 2 . 8 billion fixed income portfolio . mr . anderson has authored numerous articles on fixed income strategies , including two articles in the handbook of fixed income options : " scenario analysis and the use of options in total return portfolio management " and " measuring , interpreting , and applying volatility within the fixed income market " . dexter senft is a managing director with global responsibility for fixed income electronic commerce for lehman brothers . during his eight years at the firm , he has also managed or co - managed lehman  , s fixed income research , quantitative research , counterparty credit and global economics departments . mr . senft is the former chairman of tradeweb llc , a consortium - owned electronic bond trading system whose volume currently averages over $ 10 billion per day , and of which lehman brothers is a founding shareholder . he remains on tradeweb  , s board , and chairs tradeweb  , s trading protocol committee , which oversees the rules that govern the electronic flow of information within the system . mr . senft also serves on the bond market association  , s committee for alternative trading systems , as well as its online bond steering committee and he chairs the subcommittee on e - commerce protocols and standards . prior to ejv , mr . senft spent 17 years at the first boston corporation ( now part of cs first boston ) , where he was a managing director and head of fixed income research and product development . he is a widely published author of articles on mortgage securities , fixed income derivatives , and quantitative portfolio management , and his work continues to be among the readings for cfa applicants . in 1983 , mr . senft led the product team that created the first cmo for freddie mac . this is regarding the e - trading / bond market session arranged for april 18 . as part of the lst year finance elective , you may have already been informed by james weston ( were you ? ) but i need to get the info out to more 2 nd years as well . do you usually send out your speaker announcements to all faculty , students , and staff ? albert wang ' s fixed income and advanced investments classes are required to come and james weston will be encouraging lst years that took the finance elective to come . these guys are pretty good - they came a few years back . thanks . bbo
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Subject: colleagues , i will be leaving enron next week . friday , september 8 , will be my last day . i enjoyed knowing and working with you . for the time being , i can be reached at takriti @ att . net . - samer
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Subject: re : research allocation becky , i gave the % % for egm to shirley . i assume she communicated this info to you already . i assume egm includes f / x - i / r ( gary hickerson ) , weather , insurance ( jere overdyke ) , oil trading and coal . for calme i don ' t have any info . let ' s split the cost evenly . vince becky pham 11 / 02 / 2000 02 : 11 pm to : shirley crenshaw / hou / ect @ ect , vince j kaminski / hou / ect @ ect cc : subject : research allocation shirley , grm is now with egm group . egm wants to verify that the 17 . 5 % we are going to allocate to grm is for the insurance , jere overdyke group . egm seems to think that their weather , mark tawney group , is receiving support from research . also , can we break out the support for calme ? calme is going to split into 3 bus and i am trying to determine who i need to bill for research supports . if you have any questions , call me . thanx .
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Subject: d - g energy systems vince , i just wanted to keep you informed - i have not received a contract from d - g energy systems yet . they had said they would send it last weekend but it never came . i sent helyette geman an e - mail yesterday asking the status but she has not responded yet . karla
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Subject: london update vince , more fuel for our discussion with john sheriff today , mike - - - - - - - - - - - - - - - - - - - - - - forwarded by mike a roberts / hou / ect on 04 / 25 / 2001 05 : 44 am - - - - - - - - - - - - - - - - - - - - - - - - - - - enron north america corp . from : stephen bennett @ enron 04 / 25 / 2001 04 : 05 am to : jose marquez / corp / enron @ enron , mike a roberts / hou / ect cc : tony hamilton / eu / enron @ enron subject : softs ( ag ) support hi guys , i thought i would quickly update you on a few meetings we ' ve had with the ag folks here over the past 2 days . they are extremely interested in weather support and appear to be our most enthusiastic customer group to date . a summary : 1 ) they are interested in cocoa , coffee and sugar . specifically : brazil : londrina , bauru , lavras ( all wmos available in accuweather ) vietnam : kentum , dalat ( no data immediately evident ) ivory coast : man , gagnoa ( wmos in accuwx ) indonesia : sumatra - kotubumi , sulawesi - dolo ( no data immediately evident ) 2 ) they are specifically interested in event spikes - extreme temperature , precipitation or wind . they are also interested in any trend information we can devise . links between enso or other large scale oscillations that could have long range effects . tony has already given their group a 101 course on enso and its impacts on these areas . 3 ) they would eventually like daily am briefings - along with a daily product related to their market ( ie precip / temp graphs etc ) 4 ) they do not begin actually trading for another 6 to 8 weeks - so we have some time to experiment with the type of support that fits them best . tony and i agree that we would like to brainstorm this a bit with you guys to see what exactly can be produced daily - as efficiently as possible . we should be able to add any lat / long points we want to the list of international cities streaming through from the mrf / avn / ecmwf from earthsat . the problems here would be the models ' problems handling tropical weather along with specific local effects - especially in indonesia . let ' s talk about this at some point and get our thoughts together . steve
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Subject: re : enron offsite - the great divide - april 27 , 28 , 29 and 30 th hello all : fyi ! how is the headcount coming ? - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 03 / 23 / 2000 09 : 40 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " steve collins " on 03 / 23 / 2000 09 : 41 : 19 am to : shirley crenshaw / hou / ect @ ect cc : subject : re : enron offsite - the great divide - april 27 , 28 , 29 and 30 th hello ! the 29 th will be fine - - if we can definitely get everything in by then . i just worry a little when we start getting less than a month out . we need to make sure that our conference services office has enough time to detail all of your functions properly so that everything flows smoothly . also please know that the availability of those $ 274 airfares is also not guaranteed until booked ( you know how those airlines are about changing fares around ) . we need to be able to book a specific class of service to get that fare , so once those are gone the fare cannot be guaranteed . do you want me to get started with the air contract ? please keep me posted ! thanks ! steve steve collins national sales manager the village at breckenridge / great divide lodge ( 800 ) 332 - 0424 or ( 970 ) 453 - 3156 direct scollins @ vailresorts . com > > > " shirley crenshaw " 03 / 23 / 00 08 : 12 am > > > good morning steve : i received your voice mail and the flight information sounds great ! i need to update you as to the status of everything at present . the contract is fine , however , i am not authorized to sign it , so if it is allright , we are putting " john griebling ' s " name in my place . he will sign the contract and we will put the charges on his credit card . however , john is out of town and will not be back in until tomorrow . this may cut it a little close as to getting everything back to you by monday , the 27 th . is there a possibility of getting this deadline pushed back a couple of days ? we are also having a problem getting a commitment from the top management people - they are all out of town at present . this does not involve very many - only 3 or 4 people , but we need to get a definate count so that we won ' t be short on rooms . if everyone can come , it looks like we might need at least 39 rooms . we should be able to have everthything to you by the 29 th - is this a problem ? please let me know as soon as possible . thanks and have a great day ! shirley crenshaw telephone : 713 - 853 - 5290 fax : 713 - 646 - 2503 e - mail : shirley . crenshaw @ enron . com
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Subject: update on energy book vince , ? just to let you know , the books will be shipped to both you and rice university tomorrow by express mail , which means the books should arrive within 5 days ( depending on customs ) . ? rice has purchased 25 books , and i informed them that if they don ' t sell them all , we will ? credit their account ? with the amount of unsold copies . ? i ' ve asked them to ? give you ? any extra copies instead of returning them . ? please find attached the invoice for the 50 books . ? thanks again , and if you need anything further , please let me know . ? julie - enron 224 _ 10 _ 01 _ 01 . doc
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Subject: re : clustering for power jaesoo , as we discussed last week on wednesday meeting can you , please , implement clustering for power curves by geographical region . this involves the following : 1 . deciding together with risk control how many geographical regions we want to use and which enron ' s curves belong to each region . 2 . deciding together with risk control how to choose core curves for each region . this decision can be maid based on the a ) position size ; b ) statistical analysis . there might be other considerations . 3 . doing regression analysis for each curve versus the corresponding core curve . winston , can is it possible to run var for the clustering results obtained by jaesoo with clustering done by sas ? should we wait for the stage re - fresh and what is the status on this ? tanya .
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Subject: re : move research employee from one location to another on the 19 th floor shirley , your request has been scheduled for march 23 rd . erica : ) shirley crenshaw 03 / 17 / 2000 12 : 16 pm to : move - team / epsc / hou / ect @ ect cc : stinson gibner / hou / ect @ ect , vince j kaminski / hou / ect @ ect , william smith / corp / enron @ enron , kevin g moore / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , clayton vernon / corp / enron @ enron subject : move research employee from one location to another on the 19 th floor hello all : attached is a churn request to move clayton vernon from ebl 943 to ebl 952 . he will need 3 boxes and labels delivered to his ebl 943 location , a few days before you schedule his move . if you need any other information , please let me know . thanks and have a great weekend !
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Subject: re : recent hardware repair joe , we are extremely pleased with the support we receive from your team . the problem was fixed very quickly . vince from : joe langston / enron @ enronxgate on 04 / 27 / 2001 11 : 31 am to : vince j kaminski / hou / ect @ ect cc : subject : recent hardware repair vince , recently the hardware services team performed work on a piece of equipment for you . the technician that performed the work was jd marter , and this is just a follow up to insure that your problem was resolved . it is our goal to provide you with the best service possible , so please feel free to respond to this email if you have any comments that may help us provide you better service in the future . attached you will find a work log detailing what was done to resolve your issue . if you have any questions , or if the problem is not completely resolved please feel free to contact me . thank you , joe langston team lead hardware services office : 713 - 345 - 8883 cell : 713 - 545 - 5912 pager : 877 - 239 - 2794
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Subject: re : white wall board anita , no problem . vince anita dupont @ enron 08 / 18 / 2000 10 : 27 am to : shirley crenshaw / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : white wall board shirely : amitava wants one of those wall size white marker boards for his office . how do i go about ordering one of those ? anita
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Subject: re : craig - thanks for the feedback . i ' ve received similar reports from other research customers on various non - recurring and on - going projects elena has been able to help out on . the most recent member of a long line of rice mba candidates who have " made a difference " in our research efforts , elena will be staying with us throughout this next ( her final ) year . she ' ll be working the morning shift . please let us know if she , or any other member of our group can assist you in any way . - mike
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Subject: interview - credit derivatives dear vince : thank you for the invitation yesterday . it was a pleasure to meet you all and learn more about the group , it ' s structure and to some extent what you are involved in . please extend my thanks to all of them . i am particularly interested in the credit swap trading platform that enron has recently started . such a platform will provide unique visibility into the credit markets . as you suggested i tried to learn more about this from tanya . i would like to learn more and if possible meet other people more directly linked to the effort . just simple instruments like credit swaps will require serious modelling capability for the pricing and the hedging of these apparently simple intruments . the market visibility i mention above can be explored through credit derivatives trading successfully if enron possesses superior ( vis a vis morgan stanley , salomon smith barney , chase manhatan , etc . ) modelling technology in credit derivatives . i can and would like to consider the possibility of doing this for enron . i would like to help develop and participate in putting together that business . as i mentioned to you i have done some work in credit derivatives and am deeply familiar with virtually all the work of the principal academics in credit derivatives namely : duffie , lando , tuffano , duffee , das , lelland , etc . i have read carefully most of their work ( published as well as working papers ) on the subject to date . i look forward to hearing from you . best regards joao
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Subject: feedback forms vince , here are the feedback forms for the following : vp and md manager and professional administrative support let me know if you have any other questions . norma x 31545
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Subject: boss ' s day vince , happy boss day ! you have been a wonderful boss , thank you . zimin - - - - - - - - - - - - - - - - - - - - - - forwarded by zimin lu / hou / ect on 10 / 16 / 2000 08 : 49 am - - - - - - - - - - - - - - - - - - - - - - - - - - - kevin g moore 10 / 16 / 2000 05 : 58 am to : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect , pinnamaneni krishnarao / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , mike a roberts / hou / ect @ ect , joseph hrgovcic / hou / ect @ ect , tanya tamarchenko / hou / ect @ ect , zimin lu / hou / ect @ ect , martin lin / hou / ect @ ect , maureen raymond / hou / ect @ ect , osman sezgen / hou / ees @ ees , paulo issler / hou / ect @ ect , amitava dhar / corp / enron @ enron , alex huang / corp / enron @ enron , kevin kindall / corp / enron @ enron , kevin g moore / hou / ect @ ect , clayton vernon / corp / enron @ enron , william smith / corp / enron @ enron , jose marquez / corp / enron @ enron , chonawee supatgiat / corp / enron @ enron , shalesh ganjoo / hou / ect @ ect , tom halliburton / corp / enron @ enron , elena chilkina / corp / enron @ enron , sevil yaman / corp / enron @ enron , sofya tamarchenko / na / enron @ enron , bob lee / na / enron @ enron , gwyn koepke / na / enron @ enron , hector campos / hou / ect @ ect , anita dupont / na / enron @ enron , youyi feng / na / enron @ enron , v charles weldon / hou / ect @ ect , shane green / hou / ees @ ees , yana kristal / corp / enron @ enron , praveen mellacheruvu / hou / ees @ ees , li sun / na / enron @ enron , stephen bennett / na / enron @ enron , roman zadorozhny / hou / ees @ ees , lance cunningham / na / enron @ enron , shirley crenshaw / hou / ect @ ect , david ryan / corp / enron @ enron , todd decook / corp / enron @ enron cc : subject : boss ' s day reminder - let your boss know that you care ! tell him or her happy boss ' s day ! happy boss ' s day , vince , mike , vasant and stinson and also to you shirley , i hope you all have a wonderful day . also remember the weather team will be over at ninfa ' s for 3 : 30 p . m . for happy hour . today you are welcome to join us . . . . . . . . . . . .
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Subject: @ ect . enron . com email notification ! we are one @ enron . com ! please be aware of the following senders were automatically notified to ( a ) . stop sending internet mail to your @ ect . enron . com address and to ( b ) . send future internet communications to vince . j . kaminski @ enron . com : j _ martin @ baylor . edu , cantekin @ mail . utexas . edu reminder : your @ ect . enron . com address should not be used any longer and will be deactivated soon . so please make sure these contacts switch to your new @ enron . com address . if you have subscribed to mailing lists , please make sure to update your addresses there as well . and your shortname @ enron . com address ( i . e . jsmith @ enron . com ) will continue to work , even though your formal address is longname @ enron . com ( i . e . john . smith @ enron . com ) please do not reply to this message as it was automatically generated .
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Subject: * * get together * * dear friends : fall happy hour friday , september 15 , 2000 after work : 5 : 30 pm - - 8 : 00 pm ragin cajun - - on the patio ( the new location ) westheimer at gessner ( the randalls shopping center on the corner ) 832 - 251 - 7171 feel free to bring friends ! hope to see you there ! ! jana
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Subject: congratulations vince : congratulations on your promotion . i know it is well deserved ! i have not seen you in a while since i am not riding the woodlands bus much these days . i am expecting a baby for the end of february 2000 and it is much easier to drive than to ride the bus ! take care and congratulations again , darlene norris
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Subject: yesterday i enjoyed meeting you both yesterday to discuss my sincere interest in the research group . since many of the rotations for analysts are pre - determined , i think it is best for me to wait until my candidacy for the analyst program is finalized . thank you for your interest in my skill - set . i am enrolled in the cfa program , have completed numerous futures / options courses in undergraduate school , and am confident that my profile will be well - received after completing your in - house project which will be utilized to test certain skills . i ' ll talk to you soon after my discussions with the analyst program . regards , david
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Subject: re : argentina power & gas market modelling team , for me it  % s ok . let us know the confimed date early , so we can arrange our classes . thanks diego julian poole 03 / 17 / 2000 10 : 35 am to : michael guerriero / enron _ development @ enron _ development cc : vince j kaminski @ ect , grant masson @ ect , jeff kabel / enron _ development @ enron _ development , rodolfo freyre / enron _ development @ enron _ development , diego hollweck / enron _ development @ enron _ development , bernardo andrews / enron _ development @ enron _ development , mario aguilar benitez / enron _ development @ enron _ development , santiago subject : re : argentina power & gas market modelling all , let ' s arrange a conference call next week to discuss the process . how does tuesday afternoon fit everyone ' s schedule ? julian enron international from : michael guerriero 03 / 17 / 2000 03 : 49 pm to : vince j kaminski @ ect , grant masson @ ect , jeff kabel / enron _ development @ enron _ development , julian poole / enron _ development @ enron _ development , rodolfo freyre / enron _ development @ enron _ development , diego hollweck / enron _ development @ enron _ development , bernardo andrews / enron _ development @ enron _ development , mario aguilar benitez / enron _ development @ enron _ development , santiago cc : subject : argentina power & gas market modelling i would like to initiate a team to address the continued improvement of the argentine power & gas market models . i spoke with vince this morning and we reviewed that history of work to date and what we will need to do from here . a summary is as follows : team : ba members : julian poole lead mario benitez associate ba associates : diego hollweck associate bernardo andrews associate santiago porta associate houston members : to be named . time schedule : as soon as possible . completed before june 1 , 2000 winter in argentina . scope of work : power model : advance the current model from basic load forecasting to incorporate weather , hydrology , improved short term and long term forecasting . natural gas model : build a supply and demand load forecasting model incorporating weather , thermal demand , pipeline flow rates , well head supply , improved short term and long term forecasting . phase i - data request power historic weather : temperature - daily , hourly , min , max , average humidity precipitation cloud cover regionally forward weather : temperature - daily , hourly , min , max , average humidity precipitation cloud cover regionally historic hydrology : reservoir levels reservoir capacity current hydrology : reservoir levels remote monitoring : aireal , pressure device , laser snow pack : density volume and mass power supply : current and future capacity transmission capacity : current and future capacity natural gas data list to be developed phase ii - power model development phase iii - natural gas model development we will take advantage of the fact that the associates are in houston for the next two weeks . vince is out next week but we can start with a process discussion with grant masson next week . julian please get a meeting scheduled as soon as possible . we should immediately start collecting data . thanks mfg
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Subject: re : get together this coming tuesday ? dale , please , call me on tuesday . my morning schedule is full but i am open in the afternoon . vince " dale m . nesbitt " on 04 / 30 / 2001 01 : 51 : 21 am please respond to to : " vincent kaminski " , " kimberly s . watson " cc : subject : get together this coming tuesday ? vince / kim : i am flying to houston tonight and wondered if it would fit one or both of your schedules to get together this coming tuesday sometime for 1 / 2 hour or so . i really want to reinitiate the conversations marketpoint was having with john goodpasture and you , and he said either or both of you were the right people to continue after his responsibility shift . john was quite positive about the idea of enron acquiring marketpoint narg through license , and he implied that one or both of you would be carrying the ball in that direction after he handed it to you . would this coming tuesday morning at 930 am be a good time for you guys ? if so , please give me an email shout at the above address or leave a message on my voicemail at ( 650 ) 218 - 3069 . i think you will be truly impressed with the scope and progress we have been able to make with both the short run narg and the long run narg in which you were interested ( not to mention our power model ) . the progress is noticeable since you saw it . both long and short term narg are having quite an impact on a number of gas decisions at the moment ranging from venezuelan lng , north american lng import terminals and term , gas basis calculations , trading support , power plant development , gas - to - power price spreads in key markets , veracity of heat rate trades , bank financings , storage field evaluation , and which new pipelines we can expect to see enter and which are dogs . i really hope we can fit it in and get our discussions moving in a mutually productive direction again . i think narg can help you become even more successful , and i look forward to working with you . we have a new office address and new phone number as well . ( we move in may 1 . ) altos management partners 95 main street , suite 10 los altos , ca 94022 ( 650 ) 948 - 8830 voice ( 650 ) 948 - 8850 fax ( 650 ) 218 - 3069 cellular give the phones a week or so to get " debugged " and then switch over . dale
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Subject: new basis report bhavna : the basis report has been updated to cover 2000 prices . it is called basisnw 7 . xls and is in the erg database . it looks to be working correctly , but of course without data it is a little hard to confirm . as always , it is ultimately your job to verify that the numbers reported are correct . lemme know if there are problems . it is easy to change the spreadsheet to start a new year . you should keep this mail message as a reference . 1 ) add 12 to the expression in " printmacro " ! b 35 i . e . change copy ( offset ( henrycash , 12 * againstyear + 63 , i , 12 , 1 ) ) to 2 ) define a new cell reference on the basis page for the first date to be printed out on the report page . for example , last year , the basis report went from jan 93 to dec 1999 . in basisnw 6 . xls there is a name " jan 93 " defined as " basis " ! a 64 ( i . e . refers to the row where the jan 1993 basis numbers are recorded ) . this year , in basisnw 7 . xls , i defined " jan 94 " to refer to " basis " ! a 76 . that ' s because the basis report will now run from jan 1994 to dec 2000 . 3 ) change the expression in " printmacro " ! b 45 to use this new cell reference i . e . change copy ( offset ( jan 93 , 12 * indexyear , report , 12 , 1 ) ) to 4 ) having executed steps 1 ) - 3 ) the spreadsheet will now print numbers shifted up by one year . all that remains to do is to change the dates on the " printformat " page to be one year more . by that i mean change 1998 to 1999 , 1999 to 2000 , change 98 / 99 to 99 / 00 , etc . don ' t move any numbers or formulas ! that ' s it . as we discussed bhavna , while i am happy to do this for you , it is not in your or my best interest for this to continue . please do work to find some one in your shop to maintain this spreadsheet . regards , and happy new year ! grant .
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Subject: re : ruewan ' s resume no interest for global risk markets . his background does not address the needs . vasant
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Subject: re : fw : pserc nuggets related to market stem hi vince and happy new year good to hear from you and i can understand being busy . i am myself trying to balance my commitments here . like any research consortium pserc is trying to provide value to its members while walking the fine line between cooperation and competition . we are definitely not in the business of providing proprietary research to the members but rather working on more generic areas that later individual members could see way to convert to proprietary tools . the work that shijie deng and rajnish kamat have been doing with me are good examples . as to my trip , thanks for the invitation but i already committed myself to get back friday night so i will save my visit for another time . i will tell my son about the spring interviews at cornell . hopefully this time he will not miss it . regards , shmuel - - - - - original message - - - - - from : to : cc : sent : monday , january 08 , 2001 1 : 40 pm subject : re : fw : pserc nuggets related to market stem > > hello shmuel , > > thanks for your message . the end of 2000 and the beginning of 2001 were > extremely busy > and i could not focus on pserc issues . i shall consult a few people in > enron on this subject and get in > touch with you . our concern right now is that the results of research are > widely shared with > our competition . > > i am out on the 19 th , but the 20 th would work for me . i would be glad to > cover the cost of your austin > to houston trip . > > regarding your son . the analyst / associate program will interview again on > the campus > in the spring and they will be more than happy to interview him . > > > > > > " shmuel oren " on 12 / 19 / 2000 01 : 40 : 02 pm > > to : > cc : " dennis ray " , , > > subject : fw : pserc nuggets related to market stem > > > hello vince > happy holidays . > i wanted to connect with you regarding the possibility of enron joining > pserc . as you might have heard from lance and alex we are going through a > transition period having doubled the number of universities and industry > members within the last year . consequently , our business processes are not > well developed . one of the problems we are facing is the balance between > the > electrical engineering folks and industry members that are more interested > in market related research . i hope to recruit more of the later so tat we > have more of a constituency in the advisory board that sees the value of > market related research . i already have a verbal commitment from people at > electrabell that expressed interest in joining pserc . with members like > electrabell and enron we will be able to support more market stem projects > such as the one that shijie deng proposed ( not funded in this round ) . > please > let me know if i can do anything to facilitate the decision at enron . i am > going to be in austin on january 19 to participate at a puct hearing and > could come through huston for a visit . attached are some items that i > shared > with our pserc members and thought that you might be interested in them as > well . > regards , shmuel . > > - - - - - original message - - - - - > from : " shmuel oren " > to : " power systems engineering research center " > sent : tuesday , december 19 , 2000 9 : 47 am > subject : re : pserc nuggets related to market stem > > > > the following are 3 items that demonstrate the impact of pserc research > in > > the market stem area . > > > > 1 . on december 12 , i ( shmuel oren ) testified at a hearing in san > francisco > > before the blue ribbon panel ( chaired by alfred kahn ) for the that is > > investigating the implications of uniform price vs . pay as bid auctions > in > > the california px . as part of my testimony i presented a movie produced > by > > tim mount and bob thomas that show results of an experimental economic > study > > showing how bidders respond by raising their bids in a pay as bid > auction . > > following is an acknowledgement i received . > > > > dear shmuel : > > > > > > thank you for attending the blue ribbon panel this past tuesday in san > > francisco . your presentation was very informative and valuable to all > the > > panel members and other participants . the panel greatly appreciates your > > involvement in this important project . > > > > > > thanks again , > > natalie efland > > > > > > 2 . a recent e - mail from the texas puc > > > > professor oren , i hope you and your family are doing well . we are > seriously > > considering your help and advice to facilitate the commission ' s final > > decision regarding retail competition in ercot . > > > > i wanted to let you know that ercot stakeholders filled an application > for > > approval of the ercot protocols in november . we received comments > including > > list of issues on november 22 and reply comments on december 1 . staff > will > > draft and submit a preliminary order to the commissioners for their > > discussion on december 13 . there will be a pre - hearing on december 15 > when > > parties will be asked to brief the commission on list of issues by the > end > > of first week in january . there will be a hearing on january 16 followed > > with another hearing if needed . parties have asked the commission to > > finalize its decision by mid march . > > > > to give you some more background , i have to mention that almost most of > your > > suggestions were accepted and will be reflected in the final protocols , > > except for problems with intra - zonal gaming regarding congestion > management > > and pay - as - bid compensation for selected ancillary services . a few > > additional concerns are raised regarding ancillary services and > congestion > > management . stakeholders are still working toward more load > participation > > in ercot market . however , the main problem is the fact that market > ( pilot > > that covers 100 % of wholesale , but only 5 % of retail load ) will be open > on > > june 1 , 2001 based on a version of the protocols locked on august 1 , > 2000 . > > ( that was the deadline for ercot to give a final design to anderson > > consulting . ) that version does not include some of your recommendations > to > > address market design flaws . the full version is highly possible to be > > implemented by january 1 , 2002 when market for 100 % retail competition is > > scheduled to open . given this gap , some parties have recommended not to > > implement incomplete protocols and wait for full implementation by > january > > 2002 . in other words , they say let ' s go ahead with 5 % pilot retail load , > > but wait for full design implementation before allowing 100 % wholesale > load > > ( and retail load ) be subject to the rules of the game described in the > final > > protocols . > > > > thanks . > > > > parviz adib , ph . d . > > director of market oversight division > > public utility commission of texas > > 1701 n . congress avenue > > p . o . box 13326 > > austin , texas 78711 - 3326 > > ph . no . : 512 - 936 - 7365 > > > > 3 . the following is a segment from a published summary of the dec 13 puct > > hearing . this segment describes the commision ' s deliberation on an agenda > > item addressing the possibility of instituting price caps as part of the > > ercot protocols . ( see reference to my involvement in the next to last > > paragraph ) > > > > docket no . 23220 - petition of the electric reliability council of > texas > > for approval of the ercot protocols . ( discussion and possible action ) > > parviz adib , jess totten , keith rogas , and tammy cooper > > chairman wood turned to page 2 item number 3 of the draft order > identifying > > issues , recommending that the word " including " be changed to " other than " > in > > the parentheses . he thinks they know the ups and downs of the two > > mechanisms , which are bid caps and price caps , but would not mind having > > parties focus on what other protections might be used . commissioner > walsh > > would say " including , but not limited to " because she does not think it > is > a > > bad idea for ercot to at least consider in their protocols a fail - safe > > mechanism . it ' s kind of like the stock market suspending trading when > > something crazy happens . they could consider a maximum scenario , such as > > " we don ' t think this will ever happen but if it does we need to muffle > it " , > > whether it is $ 1 , 000 or $ 99 or whatever it is . they could consider > whether > > to put into the protocols a self - enacting price cap . while not expecting > it > > to happen , if it did , you don ' t have to declare it an emergency and have > the > > commission have to act . chairman wood asked if they could leave the > > question without the parenthetical at all and just say " what protections > > should be added to avoid extreme price spikes . " commissioner walsh > > reiterated that she wants ercot to think about the unlikely possibility > of > > unacceptable price spikes . she would like for them to have their own > > fail - safe mechanism that is self - initiating as opposed to leaving that to > > having someone have to come in and act . commissioner perlman stated that > he > > thinks the california - type price caps is what the concern is about . he > > thinks everyone in this state is opposed to those , but he thinks the > point > > commissioner walsh is making is an interesting one . he had not thought > > about the circuit breaker idea , and it might have some merit . he agreed > > that it was worth considering something like that . then the question > > becomes what the level is . chairman wood suggested the wording " what > > self - implementing protections should be added to avoid the price spikes . > > commissioner perlman said he did not think anyone is talking about $ 250 > > price caps . commissioner walsh agreed , but noted that if the unexpected > > happens we should be prepared . commissioner perlman indicated that if > > someone is making $ 10 , 000 in one particular hour that it probably does > not > b > > enefit the market and is probably a windfall to them . it is not > something > > they would normally put in their business plan for determining whether > they > > are going to build a plant in texas . chairman wood stated that they want > to > > lean toward the market as heavily as they can on these issues . > > > > chairman wood noted that some of these issues date back to when dr . oren > was > > assisting the commission , and asked if he could be brought back again . > > staffer dr . parviz adib said that staff had already talked to dr . oren > and > > that he is available to assist the commission further . chairman wood > noted > > that dr . oren had helped people think outside the box without just > focusing > > on california . > > > > the final wording was clarified to state " self - implementing mechanisms " > and > > to delete the parenthetical part of the sentence in question . the order > was > > approved as amended . > > > > > > > > > > > > > > > > > > > > > > > > > > > >
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Subject: re : mec steve , i spoke with david ealier today . he is planning a meeting with jim tour to due diligence the technology . i would like to put together a team to drive mec ' s strategy , including a consolidation in houston . we would trade this commitment for warrants in the company and a right to participate in future fundings . effectively , our team could help drive the strategy for the company and due diligence a possible investment at the same time . thanks , mark steven j kean @ ees 07 / 26 / 2000 05 : 11 pm to : mark lay / hou / ect @ ect cc : rex shelby / enron communications @ enron communications @ ect , mike mcconnell @ ect , vince j kaminski / hou / ect @ ect , philippe a bibi / hou / ect @ ect , kenneth lay / corp / enron @ enron @ ect , fabricio soares / hou / ect @ ect subject : re : mec i think it would be useful to verify their view that they are really only 2 - 3 years from commercial production . ideally , we could get that confirmation from someone familiar with the technology but without any financial interest in its success . their technology pitch sounded good , but i don ' t know enough to recognize the potential shortcomings . i want to feel comfortable that you all feel this is real , then i would be happy to have me and my team spend some time with them . to : rex shelby / enron communications @ enron communications , steven j kean / hou / ees @ ees , mike mcconnell , vince j kaminski / hou / ect @ ect , philippe a bibi / hou / ect @ ect cc : kenneth lay / corp / enron @ enron , fabricio soares / hou / ect @ ect subject : mec thank you for participating in yesterday ' s meeting . we spoke with harvey and jim after the meeting and they took to speed to market comments to heart . there is an opportunity for enron to participate with mec in the early development of their company , but it seems the one thing they want is the one thing we also want , people . i would appreciate your thoughts and comments on the possiblity of creating a small team that could work directly with mec as part of a potential investment and strategic relationship . given our resource constraints , this would most likely be part of the organization that sees the greatest strategic impact from mec ' s development . mark x 37408
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Subject: re : spring 2001 conference participation by jeffrey k . skilling ehud , i shall send a message to jeff ' s secretary today . vince " ehud i . ronn " on 09 / 20 / 2000 11 : 12 : 46 am to : rcausey @ enron . com , vkamins @ enron . com cc : subject : spring 2001 conference participation by jeffrey k . skilling rick / vince , good morning . in my 9 / 14 e - mail , i advised you of the practitioner - industry cefer ( center for energy finance education and research ) conference we are planning for spring 2001 . as you know , we would like to invite jeff skilling to be the keynote speaker at the thur . evening dinner . the following day ' s four topics consist of risk management , deregulation , real options , and international / globalization . the majority of invitees would be ( predominantly u . s . - based ) energy - industry practitioners , as well as several academics . given lead time issues in these matters , we have reserved hotel rooms in austin for feb . 22 , 2001 . could i ask you to ascertain jeff skilling ' s availability for that evening ? thanks , ehud ronn ehud i . ronn professor of finance and jack s . josey professor in energy studies director , center for energy finance education and research mccombs school of business university of texas at austin austin , tx . 78712 - 1179 voice : ( 512 ) 471 - 5853 fax : ( 512 ) 471 - 5073 internet : eronn @ mail . utexas . edu
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Subject: re : greetings from garp frank , looks good . vince enron north america corp . from : frank hayden @ enron 12 / 12 / 2000 11 : 31 am to : vince j kaminski / hou / ect @ ect cc : subject : greetings from garp vince , this is the announcement i ' m thinking about sending out . is there anything else you would like to add ? frank greetings from garp ! we are having the next meeting january 30 th at enron . time 6 : 30 pm until 8 : 30 pm vince kaminski will lead a discussion regarding volatility in the energy markets . please rsvp to rita hennessy . her email address is rita . hennessy @ enron . com
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Subject: re : benchmarking study sally , thanks . the name of the person is at the bottom of this sequence of messages . vince enron north america corp . from : sally beck 01 / 05 / 2001 09 : 27 am to : vince j kaminski / hou / ect @ ect cc : subject : re : benchmarking study i passed this information along to some of my direct reports for their thoughts , and truthfully didn ' t hear back from anyone and didn ' t follow up . two years ago , we agreed to be part of a benchmarking study that was done by aa ' s houston office ( interestingly enough , wes colwell was the aa partner who led this effort ) and we had mixed results . the study was designed to cover gas and power . despite our involvement in the steering committee , the study itself was very , very detailed , such that it was troublesome to complete . jim fallon at the time refused to submit information on the majority of the questions surrounding power , so our survey data for power was not very useful . i would agree that at this time we will pass on this request . thanks for passing it along , however . i would be happy to convey this directly to the person that has contacted you . just let me know his / her name and number and i will follow through on that if you would like . hope that your holidays was enjoyable and that the new year will be a good one for you . - - sally vince j kaminski 01 / 03 / 2001 03 : 29 pm to : sally beck / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : benchmarking study sally , i gave you some time ago a brochure on this benchmarking study request . they renewed their request for enron ' s participation . what is your view on this ? do you think the benefits of knowing what ' s going on offset the loss due information released and time spent on the project . my recommendation is to forget it . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 03 / 2001 03 : 28 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " theresa sanders " on 12 / 27 / 2000 01 : 32 : 18 pm to : cc : subject : benchmarking study dear vince , peter nance and i wanted to follow - up our discussion of enron ' s participation in our benchmarking study . have you discussed enron ' s participation in the project with your colleagues ? here is a small sample set of metrics that were taken from a comprehensive list of over 700 metrics . the study group will decide which metrics to use . with eei ' s credibility and teknecon ' s technical expertise , we intend to become the industry standard in benchmarking . we would very much like to have enron participate in the study . i would be happy to set up another meeting with you and your colleagues with peter nance if you think that would be helpful . best regards , theresa sanders director of business development alliance of energy suppliers edison electric institute tel : 202 - 508 - 5183 - eei metrics - short list . xls - ebrochure . doc - riskbenc . ppt
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Subject: re : research allocation thank you
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Subject: re : tff 2001 meeting date question vince , i certainly understand . however , we are going to try to move the date up a week or two to make sure there are no conflicts for anyone . we ' ve had some trouble getting our hotel date even this far in advance . i ' ll be back in touch when we get it ironed out . john at 05 : 42 pm 8 / 23 / 00 - 0500 , you wrote : > > john , > > easter may not work for me because i shall most likely > be visiting my son who goes to school in california ( we were spending > easter together for the last three years ) . > > vince > > > > > > > " john d . martin " on 08 / 21 / 2000 01 : 42 : 14 pm > > to : aagrawal @ cba . ua . edu , andres almazan , > bethel @ babson . edu , murat binay , > abutler @ finance . bus . lsu . edu , tyrone . callahan @ bus . utexas . edu , murray > carlson , chapman @ eco . utexas . edu , kent > daniel , fdiebold @ stern . nyu . edu , > lederington @ ou . edu , harperl @ u . washington . edu , sgillan @ tiaa - cref . org , > stuart gillan , denis gromb , > grullon @ rice . edu , jarradh @ oregon . uoregon . edu , jhartzel @ stern . nyu . edu , > jhund @ mail . utexas . edu , daveike @ rice . edu , jegadees @ uiuc . edu , > cindy . justice @ enron . com , matthias kahl > , vince . j . kaminski @ enron . com , > zkhokher @ mail . utexas . edu , alynch @ debit . stern . nyu . edu , andras marosi > , " john d . martin " > , maxwell @ ba . ttu . edu , beth miertschin > , metrick @ wharton . upenn . edu , " thomas h . > noe " , parrino @ mail . utexas . edu , bill > petty , manju puri , > ramnath @ rice . edu , rampini @ nwu . edu , steve _ rich @ baylor . edu , > eronn @ mail . utexas . edu ( ehud i . ronn ) , kemal saatcioglu > , akin sayrak , > sirri @ babson . edu , laura starks , > suarez @ cemfi . es , " a . subrahmanyam " , > stice @ mailhost . tcs . tulane . edu , titman @ mail . utexas . edu , > stathis . tompaidis @ bus . utexas . edu , wangfa @ rice . edu , > hong . yan @ bus . utexas . edu , beth miertschin , > gwillard @ mit . edu > cc : > subject : tff 2001 meeting date question > > > hello from texas , > > we are trying to set up our meeting date for the 2001 conference and have > run into a snag . we cannot get our san antonio hotel on the first weekend > in april ( as last year ) . however , we can get the hotel and make all our > " fun " arrangements for the second weekend in april . however , this is > easter weekend . the good news is that the room rates are substantially > lower because it ' s a holiday . however , we are concerned that holding the > meeting on this particular friday - saturday will interfere with family plans > such that some or many of you may not be able to attend . > > my related question to you is this : > > does holding the meeting on the second weekend in april ( easter weekend ) > pose a problem for you ? please give us your thoughts asap even if you > think you may not be able to attend this year ' s conference . we need your > opinion to guide our decision . > > thanks and i hope to see you all again next april ( sometime ) ! > > john > > p . s . we are very fortunate to have enron return as our corporate sponsor > again this year . > john d . martin > carr p . collins chair in finance > finance department > baylor university > po box 98004 > waco , tx 76798 > 254 - 710 - 4473 ( office ) > 254 - 710 - 1092 ( fax ) > j _ martin @ baylor . edu > web : http : / / hsb . baylor . edu / html / martinj / home . html > > > > john d . martin carr p . collins chair in finance finance department baylor university po box 98004 waco , tx 76798 254 - 710 - 4473 ( office ) 254 - 710 - 1092 ( fax ) j _ martin @ baylor . edu web : http : / / hsb . baylor . edu / html / martinj / home . html
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Subject: spread option code change zhiyang and zhiyun , vince told me that london has some trouble to calculate spread option for correl = 1 , voll = vol 2 . in such a case , the effective volatility becomes zero , and the option has zero time value . i have modified the unitcorrpremium ( ) routine to force the code to treat this situation as a special case . ( it returns the discounted intrinsic value ) . please incorporate this chang to your code so that it will no longer cause any problems that should not happen in the first place . if you have any questions , please let me know . zimin - - - - - - - - - - - - - - - - - - - - - - - double unitcorrpremium ( double sl , double s 2 , double strike , double r , double ql , double q 2 , double voll , double vol 2 , double correl , double tmat , int opttype ) { double retval ; if ( tmat < = 0 . 0 ) return intrinsic ( sl , s 2 , strike , opttype ) ; / / look right here for the change , only two lines . if ( ( 1 . 0 - correl ) < tiny & setup ( sl , s 2 , strike , r , ql , q 2 , voll , vol 2 , correl , tmat ) ; if ( opttype ) retval = s . disc * gauherint ( ffuncoc ) / sqrtpi ; else retval = s . disc * gauherint ( ffuncop ) / sqrtpi ; return retval ; }
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Subject: re : infocast ' s valuing electric power assets and companies : a real options perspective good morning , i am sorry , to hear that you will not be able to join us - would know of anybody else at enron who would possibly be interested in presenting at our conference ? thank you for your assistance in this matter - - - - - britta - - - - - - - - - original message - - - - - from : vince j kaminski [ mailto : vince . j . kaminski @ enron . com ] sent : thursday , april 13 , 2000 6 : 08 am to : brittab @ . com cc : vince j kaminski subject : re : infocast ' s valuing electric power assets and companies : a real options perspective britta , thanks for your message . i have several commitments at the time of the conference and have to decline with regret . vince " britta bothe " on 04 / 12 / 2000 03 : 52 : 46 pm please respond to to : cc : subject : infocast ' s valuing electric power assets and companies : a real options perspective dear mr . kaminsky , as i mentioned on your voice mail , infocast is going to host an ? valuing electric power assets and companies : a real options perspective ? conference to be held on july 31 - august 2 , 2000 , in chicago , il - i would like to explore your or your organization ' s possible participation at this event with you . this conference has been designed to bring together industry professionals , like you , to provide the latest details on a " real options " approach to electric power asset valuation . i have attached a draft program outline for your review . if you or someone else at your company is interested in presenting on one of the topics please let me know . i truly appreciate your taking the time to review the conference schedule and hope that you will consider participating . i am running behind schedule in finalizing this program . i will call you on tomorrow to follow up with you on this invitation . in the meantime , if you have any questions or suggestions , please do not hesitate to contact me at ( 818 ) 888 - 4445 , ext . 30 . i hope you can join us for this event . sincerely , britta bothe infocast conference manager ( see attached file : ea & cv , program outline , scenario 1 . doc )
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Subject: ravi thuraisingham ' s skytel two way pager number here is the pager number that has been setup via jim irvine . email : 8776804806 @ skytel . com direct dial : 800 dial : 1 - 800 - 759 - 8352 box # 877 - 680 - 4806 i can be reached at this pager if you need to get me asap . ravi .
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Subject: energycast please could you sort out an guest id for one month . - - - - - - - - - - - - - - - - - - - - - - forwarded by louise kitchen / hou / ect on 27 / 07 / 2000 13 : 59 - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 26 / 07 / 2000 09 : 05 to : louise kitchen / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : energycast louise , can we grant him guest access to eol again ? he is he same person who requested it a few weeks ago . evidently he was busy working on another project . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 07 / 26 / 2000 09 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " edward krapels " on 07 / 25 / 2000 11 : 09 : 47 am please respond to ekrapels @ esaibos . com to : vince j kaminski / hou / ect @ ect cc : subject : energycast dear vince , i hope your trip to australia was successful . it ' s one of my favorite places to go . i ' ve copied you on the email to mike initiating enron ' s trial service to energycast . thanks for helping to set this up . would you ask the authorities in enron to refresh my access to enrononline ? my guest user id as ena 61296 and my guest password was tr 84 byl 3 . they no longer work , probably because i haven ' t visited the site in months as we were in full development mode on energycast . vince , you will note in our website references to forward prices of power in nepool , nypp , and pjm . we use reuters as a reference - - not satisfactory . if your traders like energycast and enron became a client , would enron consider linking its prices to our site ? we have to improve over the reuters quotes and regard enrononline or bloomberg as the best candidates . over time , as our service spreads i believe this could help generate deal flow for your traders . let me know what you think . ed
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Subject: enterprise risk paul bristow gave me a call a few minutes ago , and is sending over some info . i also received an email yesterday relating to operational risk . evidently cibc has purchased some software to help quantify there exposure . - kevin - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin kindall / corp / enron on 08 / 08 / 2000 10 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " tao , xin " on 08 / 07 / 2000 12 : 26 : 00 pm to : undisclosed - recipients : ; cc : subject : press release - netrisk announces sale of riskopstm software to c anadian imperial bank of commerce and erste bank > please find attached an update on our most recent riskops sales . in > addition , we are currently implementing riskops at a continental european > financial insitution and a tokyo based japanese financial institution , > neither of whom are more members . we hope to issue a press release on > these clients in the near future . > > kind regards , > > lara swann > > > > > > > netrisk announces sale of riskopstm software > to canadian imperial bank of commerce and erste bank > > > greenwich , ct . july 11 , 2000 - netrisk , inc . , the risk management software > and advisory firm , today announced that both canadian imperial bank of > commerce ( cibc ) and erste bank have purchased licenses to its riskops ( tm ) > software product for measuring and managing enterprise - wide operational > risk . operational risk includes the risk of direct and indirect loss from > causes as diverse as rogue trading to technology failures to improper > sales practices . > > erste bank , the second largest austrian bank , and canadian imperial bank > of commerce , the second largest canadian bank , plan to use riskops ( tm ) on > a continuing basis to help evaluate and quantify their firm - wide > operational risk capital . the results will be integrated into their > risk - adjusted return on capital ( raroc ) and consolidated enterprise > ( market , credit and operational ) risk measures . these measures will help > both banks to better allocate resources , evaluate individual business > units on a risk - adjusted basis and improve strategic decision - making . > > " we are delighted to continue our working relationships with cibc and > erste bank by offering the riskops ( tm ) solution to complete their > operational risk measurement and management processes , " says dan mudge , a > founding partner of netrisk . " operational risk has been at the forefront > of the regulators ' minds and both cibc and erste bank are taking leading > positions in the industry by quantifying capital at risk by business > line . " > > " riskops ( tm ) has enabled us to comprehensively measure and manage > operational risk for each of our businesses , " says tony peccia , head of > operational risk management at cibc . " riskops ( tm ) gives us the tools we > need not only for capital allocation purposes but also for strategic > decision making . " > > " the formal inclusion of operational risk into our overall risk management > framework has required a significant commitment of erste bank . > riskops ( tm ) will be used to estimate capital at risk for each business , > thereby creating an incentive for stronger risk management within the > bank , " says franz reif head of risk management of erste bank . " in > addition , we plan to work with swiss re new markets to evaluate our risk > financing alternatives to ensure our capital is being used most > efficiently . " > > " netrisk is pleased to continue its leadership role in helping the > financial services industry develop methods and tools to quantify and > manage operational risk , " said rob ceske , head of netrisk ' s operational > risk management division . " as another example , the data standards we are > developing in conjunction with multinational operational risk exchange ( tm ) > ( more ( tm ) ) , which includes cibc , will significantly benefit the industry ' s > ability to exchange loss and risk data . " > > riskops ( tm ) incorporates a database of published operational risk losses > from the financial services industry , combined with web - based software to > allow users to understand operational risk , analyze loss probabilities , > scale these losses to their firm and determine operational risk profiles , > including operational capital - at - risk . the product displays graphical > analyses of the causes , effects , probabilities and severities of > operational risk , specific descriptions of events and measures to help > senior management and risk managers understand and quantify the sources of > operational risk . riskops ( tm ) is available via the internet , by means of > any standard browser . > > about netrisk > netrisk ' s mission is to bring cost - effective , practical , leading edge risk > solutions to its clients . to do so it is creating on - line communities and > risk analytic software delivered via the internet . products and services > offered by netrisk include : riskops - internet - based operational risk > management solution ; crystal box - interactive performance and risk > reporting for the investment professional ; and risk advisory - enterprise > risk management consulting , advice and solutions to the financial services > industry . gene shanks , the former president of bankers trust , founded > netrisk , inc . in 1997 . netrisk has offices in greenwich , ct ; new york > city ; and london . additional information on netrisk is available at > http : / / www . netrisk . com / and on more at morexchange . org . > > about canadian imperial bank of commerce > canadian imperial bank of canada is canada ' s number two bank . its 1350 > branches a range of banking services , including checking and savings > accounts , investment products , mortgages and other loans , and credit cards > to consumers and small to mid - sized businesses . in addition , the bank > underwrites and sells life , credit , personal property / casualty , and > non - medical health insurance . cibc world markets provides investment > banking and other financial services in north america , europe and latin > america . > about erste bank > erste bank is austria ' s oldest and second - largest commercial bank . the > bank is doing business in six core segments : retail banking , corporate > banking , treasury , trading and sales , and real estate financing and asset > management . it has approximately 300 branches with international offices > in new york , hong kong , and london . as austrian banks consolidate , erste > bank is increasing its presence in eastern europe . it has subsidiaries in > croatia and hungary and acquired 52 % of the shares in ceska sporitelna , > the second largest bank in the czech republic from the czech government . > one of erste bank ' s largest shareholders is savings foundation > anteilsverwaltung sparkasse . > > > > >
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Subject: re : ( no subject ) candice , maureen was sick for the last few days . when she comes back , i shall ask her to start the process regarding a formal offer for you . vince cedkao @ aol . com on 01 / 24 / 2001 11 : 00 : 52 am to : vkamins @ enron . com cc : shirley . crenshaw @ enron . com , cedkao @ aol . com subject : ( no subject ) dear dr . kaminski , i would like to thank you and your colleagues , dr . gibner and ms . raymond - castaneda , for taking the time to talk with me . i enjoyed the visit very much and will be looking forward to the opportunity of working as a summer intern at enron . you mentioned that you will call me this week . in the event i ' m not at home , please leave a message at my home phone number ( 713 ) 647 - 7161 or email me at my houston email address cedkao @ aol . com . sincerely , candice kao
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Subject: a resume for your consideration vince , stinson : i gave a talk to a bunch of uh mba students taking a course on options . one of the more interesting of the inevitable stream of resumes is the enclosed . perhaps an ebs hire ? grant - - - - - - - - - - - - - - - - - - - - - - forwarded by grant masson / hou / ect on 04 / 24 / 2000 08 : 18 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " matthew crouse " on 04 / 21 / 2000 05 : 06 : 08 pm to : grant . masson @ enron . com cc : subject : uh lecture and potential career opportunity dr . masson , i attended your lecture at uh and enjoyed it tremendously . if possible , i would like to investigate a career opportunity with your group in particular or enron in general . would you please review my resume and / or forward to potentially interested parties ? in tandem will all of enron ' s other propaganda efforts , your top - notch lecture at uh spurred me to do some soul searching . i currently work at duke energy trading and marketing , but have been extremely impressed with enron ' s cutting - edge research and market - leading position . i have a ph . d in electrical engineering from rice ( statistical signal processing ) with two years of experience at duke relating to the valuation , risk management , and risk measurement of financial derivatives and physical assets . i seek a similar position that would allow me to leverage my quantitative skills and grow within in the corporation . i believe i would be a great fit with enron and hope you would consider me for a potential position . best regards , matt crouse get your private , free e - mail from msn hotmail at http : / / www . hotmail . com - matt crouse cv . doc
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Subject: re : fw : opportunities gerry , i may have unexpected meeting ( s ) in the morning . please , keep trying and i shall try to call you as well . vince " sheble , g . b . " on 10 / 27 / 2000 09 : 09 : 16 am to : " ' vince . j . kaminski @ enron . com ' " cc : subject : re : fw : opportunities vince since we were not able to connect this morning , would you identify any other time as convenient for you ? should i try monday morning ? thank you gerry = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = gerald b . shebl , professor , electrical and computer engineering director of complex adaptive systems program 1115 coover hall ames , iowa 50011 voice : 515 . 294 . 3046 fax : 515 . 294 . 4263 email : gsheble @ iastate . edu web : http : / / www . ee . iastate . edu / ~ sheble / = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
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Subject: re : contract update got the copies and i have the corrected copies for you . will have them hand delivered to you this afternoon . sheila - - - - - original message - - - - - from : kaminski , vince sent : wednesday , march 07 , 2001 8 : 37 am to : walton , sheila cc : kaminski , vince subject : re : contract update sheila , there were some handwritten changes made by greg whalley on the draft . . i am sending you a copy in a few minutes . vince from : sheila walton / enron @ enronxgate on 03 / 06 / 2001 06 : 05 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : contract update vince , if there are some differences that we need to correct , you and i can meet tomorrow when you bring the contract in . i am available anytime after lunch . please call me at x 30649 . sheila - - - - - original message - - - - - from : kaminski , vince sent : tuesday , march 06 , 2001 3 : 10 pm to : sheila walton / hou / ect @ enron cc : kaminski , vince subject : contract update sheila , some minor differences between the draft and the final executed version . i have forgotten to bring the draft today , i shall send a copy to you tomorrow . there were some hand - written changes made by greg ijn the draft that were not transferred to the final version . vince
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Subject: new resume dear vince , i am so grateful for your efforts . i really appreciate you taking time from your busy schedule . if you have not contacted michael maddox , it ' s even better . i have updated and re - worded my resume to better reflect my accomplishments . would you please contact michael maddox of cera and forward my resume to him ? his contact information is ( 617 ) 497 6446 or email : mmaddox @ cera . com have you had a chance to talk to david port ? maybe there are other options . i am flexible and willing to do whatever it takes . sincerely , bessik matchavariani manager enron broadband services tel : 713 . 345 . 7230 fax : 713 . 646 . 8861 bessik _ matchavariani @ enron . net
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Subject: re : status vince - understood . i am going to request two days of vacation , for monday and tuesday . clayton
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Subject: request for update vince , hopefully you have had a chance to look at mr . valverde ' s resume . please let me know if you have an interest in talking with him or not . thank you . johan johan c . dahl director energy staffing group management recruiters of portland , inc . phone : 503 - 290 - 1153 fax : 503 - 282 - 4380 e - mail : jdahl @ mrportland . com web : http : / / www . mrportland . com
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Subject: comments hi sheridan , how are you ? i hope that you had a good vacation . vasant and i looked at your memo and found it to be interesting . i shall first briefly summarize our understanding of the methodology you propose . the comments follow . finally , i shall sketch a simple gas field project you can use as a test case in further refining the model . it appears that you are proposing a state - space approach where probabilities of different states at various future dates are specified . the next step is to assume a discount rate and to compute the present value by following the branches from the origin to one of the terminal points . traversing through the tree in this manner over many iterations will permit us to compute the average present value of the project . also , you are using the simulation to assign a value of the project to each node . thus each node will have a cash flow associated with it which will occur if the node is reached and a value which is an expectation of the value to be realized going forward . if some of these values turn out to be negative , zero - coupon , risk - free bonds are purchased to neutralize the negative realization . next , we find a comparable and apply the expected rate of return back to our project ( based on the variance of the returns ) . we iterate until convergence . finally , we subtract the initial investment and the computed risk capital from the pv of the gross cash flows ( including debt ) to determine if the project merits further consideration . comments / clarifications 1 . the money is being set aside to avoid negative values . it is not clear if you mean the values of the cash flow or the pv at the node . anyhow , we shall be setting aside money not just for that specific node but all nodes at that cross - section of time as the risk - free asset pays in all states of nature . this will have to be done every time there is a negative realization . thus , for the typical project we have , the value of risk capital may be extremely high , as we are not following a tail - based norm anymore . 2 . your memo appears to suggest that debt capacity is contingent on all values being positive . if so , we are only issuing risk - free debt . also , a project with a single negative value at each cross - section of time will not have a positive debt capacity . 3 . it seems that our optimization argument is the discount rate , which is obtained in each step from the comparison investment ( by equating the variances ) . it is not clear if changing the discount rate will have such an effect on the project variance so as to lead to a global convergence . also , our project has a finite life and the market - based assets will have infinite lives . in the light of this fact , how will we define the relevant variance ? is it the spot variance of the returns of the comparison investment ? 4 . finally , our criterion is to subtract from the average pv the investment and also the risk capital . setting risk capital to zero , this model closely resembles the intuitive present value criterion and endogenously determines the discount rate . gas field case to facilitate your thinking , we are providing a gas field example below . we invest x million dollars to buy and develop a gas field . a profile of expected production and variance of the production per year is available from the engineers at the beginning . production will be autocorrelated , as the profile will shift up or down based on the actual gas reserves being more or less than the estimated reserves . we assume the life of the field to be 10 years with no salvage value . there are fixed and variable operating costs . it might be useful for you to think about applying the framework to this problem . do let me know if you have further questions . rakesh
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Subject: re : vince , sorry for getting back a little late . i have been in touch with kirstee to figure out how to treat positions data which is the primary cause for fluctuations . apparently , as of 7 / 19 , mg still has july position . this may be spot or balance of the month , or some settlement issue . this indeed is what we are trying to find out / verify ( it may be an error too ) . kirstee is going to get back to me on this . if it is not an error , then anjam ' s latest results ( $ 5 . 5 million total var ) are reasonable given all the assumptions and the missing pieces . i will keep you posted . cantekin vince j kaminski 07 / 26 / 2000 10 : 12 am to : cantekin dincerler / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , ted murphy / hou / ect @ ect subject : re : cantekin , can you figure out the reason for cocoa beans var fluctuations ? the same is true of aluminum . i assume this is the position change . vince cantekin dincerler 07 / 26 / 2000 09 : 28 am to : anjam ahmad / lon / ect @ ect , kirstee hewitt / lon / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : anjam and kirstee , as i have suspected the position as of 6 / 30 vs 7 / 19 makes the difference . the first table first column is my var number with 6 / 30 position and gold & silver prices , the second column is your var with 7 / 19 position and dummy gold & silver prices . the second table first column is my var with 7 / 19 position and 6 / 30 gold & silver prices , the second column is as before . i would ask you to plug the gold and silver prices and see what kind of numbers you get in order to verify we are on the same page . please refer to modelvar 2000 . xls that i have sent you for gold & silver prices and volatilities . thank you , cantekin table 1 table 2
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Subject: faculty contact and schedule persentation please respond to dear mr . kaminski , the following are the faculty details : ms . deborah j . barrett instructor & dir . , mba communications phone 713 - 348 - 5394 barrett @ rice . edu mr . wil uecker associate dean for executive education phone 713 - 348 - 5869 uecker @ rice . edu mr . dennis wayne loughridge adjunct professor - management phone 713 - 348 - 4869 lounghrid @ rice . edu i will also speak with the faculty and inform them about the details concerning the presentation on may 7 at enron office ( time to be determine ) and the dinner following it . sincerely , luigi calabrese rice mba candidate class of 2002
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Subject: re : jaesoo lew vince , we should start working on the offer for jaesoo , should we ? tanya . jlew @ kent . edu > on 11 / 01 / 2000 09 : 59 : 25 am to : tanya . tamarchenko @ enron . com cc : jlew @ kent . edu subject : thanks dear tanya , thank you very much for the offer . basically , i can start at anytime if the condition is acceptable . currently i ' m in the middle of a decision that i can extend my internship or accept a job offer at here . but i think that decision should be done soon since my original internship expires this week . so the exact time to start work at enron depends on how quickly i can get your official offer including employment condition . i hope this will help to your question . if you have any question on me , please feel free to contact me . again , i appreciate your decision . sincerely , jaesoo lew
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Subject: organizational announcement enron is off to a fantastic start this year as we continue strong growth in our wholesale energy businesses and begin rapidly developing a global market for premium broadband services . to help accomplish our goals in these businesses , the following management appointments are effective immediately : kevin p . hannon has been appointed chairman and ceo of enron global risk management . in his new role , kevin will devote the vast majority of his time and efforts to building a successful bandwidth intermediation business for enron , in addition to providing global risk management oversight . kevin will report to enron  , s office of the chairman and will serve on the executive committee . because of his efforts to build bandwidth intermediation capabilities , he also will report to the office of the chairman of enron broadband services . greg whalley has been named president and coo of enron north america , where he will fully dedicate his efforts to ena  , s continued growth and success . greg will retain responsibility for ena  , s risk management functions but will transition his global responsibilities to kevin . please join us in congratulating greg and kevin in their new positions .
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Subject: moody ' s upgrade to the great and powerful research group : as you may know , moody ' s has recently upgraded enron from baa 2 to baal . we had been on watch for an upgrade for a while and after their intitial credit meeting , they still had questions primarily related to our control of market and credit risk . to that end , jeff mcmahon and tim despain had rick buy , bill bradford and i meet with eight members of the moody ' s team . the questions centered around policy and procedure in the wholesale businesses . we discussed var , stress testing and potential credit exposure . to make a long story short , subsequent to that meeting , they reconvened their committee and announced the upgrade . i want you to know how critical your contribution was to the discussion and will continue to be as the bar gets raised . i am sure that next year they will continue to be concerned with our risk management capabilities as well as extensions of our current platform - tail risk , intra day risk , operational risk , and enterprise wide risk . thank you for your efforts in supporting rac - it has tangible benefits . ted p . s . - there is still lots of interesting opportunities to extend the paradigm
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Subject: research mike , vince and i are eager to see if our group can play a role in helping you in your development work using some combination of the or experts in our group and the resources to which we have access at stanford . can we get together for a short planning session when you are next in houston ? please let me know your schedule , or have your assistant coordinate a time with vince ' s assistant , shirley crenshaw ( x 35290 ) . thanks , stinson
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Subject: warning system greg , as a follow up . we are talking to jay webb today about the data we can get from the enron online system to develop an early warning system for automated crude trading . by the way , it was a good catch . you left us red faced . vince
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Subject: year end 2000 performance feedback note : you will receive this message each time you are selected as a reviewer . you have been selected to participate in the year end 2000 performance management process by providing meaningful feedback on specific employee ( s ) . your feedback plays an important role in the process , and your participation is critical to the success of enron ' s performance management goals . to complete requests for feedback , access pep at http : / / pep . corp . enron . com and select perform review under performance review services . you may begin providing feedback immediately and are requested to have all feedback forms completed by friday , november 17 , 2000 . if you have any questions regarding pep or your responsibility in the process , please contact the pep help desk at : houston : 1 . 713 . 853 . 4777 , option 4 london : 44 . 207 . 783 . 4040 , option 4 email : perfmgmt @ enron . com thank you for your participation in this important process . the following is a cumulative list of employee feedback requests with a status of " open . " once you have submitted or declined an employee ' s request for feedback , their name will no longer appear on this list . review group : enron feedback due date : nov 17 , 2000 employee name supervisor name date selected - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - andrews , naveen c rudi c zipter oct 31 , 2000 crenshaw , shirley j wincenty j kaminski oct 26 , 2000 kindall , kevin vasant shanbhogue oct 30 , 2000 lamas vieira pinto , rodrigo david port oct 31 , 2000 supatgiat , chonawee peyton s gibner oct 27 , 2000 tamarchenko , tanya v vasant shanbhogue oct 26 , 2000 villarreal , norma e sheila h walton oct 26 , 2000 walton , sheila h david oxley oct 27 , 2000 yaman , sevil vasant shanbhogue oct 27 , 2000 yuan , ding richard l carson oct 31 , 2000
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Subject: re : recruiting at carnegie - mellon john , i haven ' t received the invitation yet to the sep 13 th meeting . i shall contact you thursday regarding the cmu presentation . vince john b gordon @ enron 08 / 23 / 2000 05 : 01 pm to : vince j kaminski / hou / ect @ ect cc : subject : recruiting at carnegie - mellon vince : i understand that you are the lead recruiter for cmu . as you know , i am the only alum from that school in enron ' s associate program . i assume i will be joining you for our corporate presentation on 9 / 13 at 7 : 30 am . please let me know what i can do to help prepare for this event . enron and gsia are a great fit , so i want this recruiting effort to go well . are you also giving a talk / lecture to the computational finance students ? if so , what time ? maybe we can schedule a lunch with duane seppi . i look forward to hearing from you . john gordon
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Subject: thank you for the opportunity hello vince , i have heard you were sick . hope it is over . thank you for the opportunity to visit enron , again , and to speak to the guys . you have a good team . i wonder if you have come up with a decision regarding my employment ? look forward to hearing from you . regards , martin
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Subject: holiday gift basket thank you , so very much for the gift basket , it is beautiful , i will share with the group . happy , happy , holiday ' s ! dolores sustaita & move - team
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Subject: re : carl tricoli i think i will coordinate with zimin , and have guadalupe do some research on equities linked to corn price . initially , there will be some scenario analysis done , and we can explore the possible use of options theory . vasant vince j kaminski 04 / 05 / 2000 02 : 41 pm to : carl tricoli / corp / enron @ enron cc : zimin lu / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : re : carl tricoli carl , depends if it is more like financial or insurance type hedging . i shall leave it to vasant to decide . vince carl tricoli @ enron 04 / 05 / 2000 11 : 19 am to : vince j kaminski / hou / ect @ ect cc : zimin lu / hou / ect @ ect , vince j kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , christopher a helfrich / hou / ect @ ect subject : re : carl tricoli vince , thank you for the response . in the interim , we met with vasant shanbhogue yesterday and explained the deal and what we needed . should vasant continue to work on it , or would you still like us to loop in zimin lu ? vince j kaminski @ ect 04 / 05 / 2000 10 : 11 am to : zimin lu / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , carl tricoli / corp / enron @ enron subject : carl tricoli zimin , carl tricoli ( 5 - 8958 ) will call you regarding help on ethanol ( hedging ) . vince
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Subject: re : recruiting for weather risk management group hello vince , thank you very much for forwarding the message . i hope all is well with you ! regards , heather on fri , 27 apr 2001 vince . j . kaminski @ enron . com wrote : > > heather , > > i am forwarding this message to 2 groups in enron that may be interested . > > vince > > > > > > " heather thorne " on 04 / 26 / 2001 08 : 55 : 56 pm > > to : " christie patrick " , " vince kaminsky " > > cc : " greg hunt home " > subject : recruiting for weather risk management group > > > > > dear vince and christie , > > > > i hope that you are both well , and are ready for the onset of summer in > houston ! ? i was disappointed that i was not able to see you at the final > tiger team presentations last month due to a family emergency . ? i hope that > the teams ' analyses will be helpful to your work , and echo their > appreciation of your involvement and support . > > > > i am writing with a question regarding recruiting for enron ' s weather risk > management group . ? my boyfriend , greg hunt , is currently seeking > opportunities to combine his background in meteorology ( ms and 2 years of > research at lawrence livermore nat ' l lab ) and an mba in finance and > information technology . ? i began thinking about enron ' s work in weather > derivatives , and realized that there could possibly be a great fit there . > > > > i have copied greg on this message , and would appreciate any suggestions > you can offer regarding opportunities in this group . ? thank you very much ! > > > > best regards , > > > > heather > > > > > > > > > > heather n . thorne > > mba candidate , 2001 > > the wharton school at university of pennsylvania > > 2516 pine street > > philadelphia , pa 19103 > > ( 215 ) 545 - 3022 > > > > > >
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Subject: risk management it offsite meeting notes fyi . - - - - - - - - - - - - - - - - - - - - - - forwarded by pinnamaneni krishnarao / hou / ect on 08 / 24 / 2000 10 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - - enron north america corp . from : maureen craig @ ees 08 / 23 / 2000 06 : 19 pm to : dennis benevides / hou / ees @ ees , scott yeargain / hou / ees @ ees , ress young / hou / ees @ ees , timothy j hamilton / hou / ees @ ees , barend vanderhorst / hou / ees @ ees , ford cooper / hou / ees @ ees , megan corley / hou / ees @ ees , steven r meyers / hou / ees @ ees , burt bailey / hou / ees @ ees , dave roberts / hou / ees @ ees , james w lewis / hou / ees @ ees , mallik avs / hou / ees @ ees , travis julian / efs / ees @ ees , ryan tull / hou / ees @ ees , glenn dickson / hou / ees @ ees , scott stoness / hou / ees @ ees , neil hong / hou / ees @ ees , sanjay agarwal / hou / ees @ ees , david draper / hou / ees @ ees , monica hwang / hou / ees @ ees , cathy pittenger / hou / ees @ ees , kenneth lee / hou / ees @ ees , pinnamaneni krishnarao / hou / ect @ ect , osman sezgen / hou / ees @ ees , tony spruiell / hou / ees @ ees , sean a holmes / hou / ees @ ees , wanda curry / hou / ect @ ect , meredith m eggleston / hou / ees @ ees , chuck hahn / sfo / ees @ ees cc : marty sunde / hou / ees @ ees , mike harris / hou / ees @ ees , mohsin manzoor / hou / ees @ ees , stephen douglass / hou / ees @ ees , john krakoski / hou / ees @ ees , brian haskett / hou / ees @ ees , kelly cunningham / hou / ees @ ees , bernard felefli / hou / ees @ ees , rudy tobias / hou / ees @ ees , michael clark / hou / ees @ ees , terry caudill / hou / ees @ ees , wpicker @ us . ibm . com , james welsh / hou / ees @ ees , james johnson / hou / ees @ ees , ben castro / hou / ees @ ees , carol moffett / hou / ees @ ees subject : risk management it offsite meeting notes the ees / ibm it team would again like to thank all of you for your vigorous participation in last weeks it needs analysis workshop . in particular , we would like to extend appreciation to jay , dave roberts , and dennis for their business presentations . thanks , as well , to meghan corley , barry vanderhorst , burt bailey , and glenn dickson for presenting their individual area needs , to meredith for overall assistance in creating and delivering the agenda , and to marty for his sponsorship and support . the team is currently assimilating the results and formulating an action plan to address priority 1 , 2 , and 3 needs . actions to address many priority 1 items are underway . we will be reporting on this in marty ' s weekly staff meeting . attached below are the results from the meeting , as well as copies of all materials that were presented . any additional feedback is welcome and encouraged . apologies to any participants that do not appear on this distribution . one thing we failed to do was to take an attendees list . please forward to your team mates , accordingly . thank you , maureen craig and john krakoski
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Subject: re : global risk management operations rick , i read your memo regarding global risk management initiative . i am sending you the information regarding a related initiative on which i have been working last year and which is moving now into the implementation stage . it ' s enterprise - wide risk management and it ' s really an effort to measure business risks consistently across the company . i hope my group can be helpful in designing the general approach to this problem . please , let me know what your thoughts are . vince enron north america corp . from : rick causey @ enron 01 / 17 / 2000 06 : 04 pm sent by : enron announcements @ enron to : all enron worldwide cc : subject : global risk management operations recognizing enron  , s increasing worldwide presence in the wholesale energy business and the need to insure outstanding internal controls for all of our risk management activities , regardless of location , a global risk management operations function has been created under the direction of sally w . beck , vice president . in this role , sally will report to rick causey , executive vice president and chief accounting officer . sally  , s responsibilities with regard to global risk management operations will mirror those of other recently created enron global functions . in this role , sally will work closely with all enron geographic regions and wholesale companies to insure that each entity receives individualized regional support while also focusing on the following global responsibilities : 1 . enhance communication among risk management operations professionals . 2 . assure the proliferation of best operational practices around the globe . 3 . facilitate the allocation of human resources . 4 . provide training for risk management operations personnel . 5 . coordinate user requirements for shared operational systems . 6 . oversee the creation of a global internal control audit plan for risk management activities . 7 . establish procedures for opening new risk management operations offices and create key benchmarks for measuring on - going risk controls . each regional operations team will continue its direct reporting relationship within its business unit , and will collaborate with sally in the delivery of these critical items . the houston - based risk management operations team under sue frusco  , s leadership , which currently supports risk management activities for south america and australia , will also report directly to sally . sally retains her role as vice president of energy operations for enron north america , reporting to the ena office of the chairman . she has been in her current role over energy operations since 1997 , where she manages risk consolidation and reporting , risk management administration , physical product delivery , confirmations and cash management for ena  , s physical commodity trading , energy derivatives trading and financial products trading . sally has been with enron since 1992 , when she joined the company as a manager in global credit . prior to joining enron , sally had four years experience as a commercial banker and spent seven years as a registered securities principal with a regional investment banking firm . she also owned and managed a retail business for several years . please join me in supporting sally in this additional coordination role for global risk management operations .
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Subject: re : new business h ? lyette , i am working systematically through un - answered messages . yes , i shall be delighted to meet your friend . vince helyette geman on 04 / 05 / 2001 04 : 58 : 47 am to : vkamins @ enron . com cc : vkaminski @ aol . com subject : new business dear vince , a friend of mine , head of research and new projects in a major bank , wanted to get in touch with the energy industry to possibly develop working relationships . i said that enron was the right place to start and " you " the right person to meet . in this order , he would come to the power 2001 and i would introduce him to you . is this o . k with you ? best regards helyette h ? lyette geman professor of finance university paris ix dauphine and essec
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Subject: re : lng may 19 decision vince - thanks for the update . what i am not sure of is what if any decision has to be made on may 19 . it seems to me that the mystic lady and elba island deals have already been approved and executed - but it is quite likely i am missing a detail or two . john vince j kaminski 15 / 05 / 2000 17 : 14 to : john sherriff / lon / ect @ ect cc : vince j kaminski / hou / ect @ ect , david gorte / hou / ect @ ect , rick buy / hou / ect @ ect , ted murphy / hou / ect @ ect subject : re : lng may 19 decision john , this is the update on what i have done for the lng transactions . 1 . i was not involved in the lng ship project . i shall read the dash and give you my comments . without looking at the details , i think that the decision to charter a tanker removes one significant risk we have at the elba island project ( please , see point 2 ) . 2 . elba island . i am working with doug rotenberbg , brad hitch , scott earnest ( sally beck ' s organization ) and rac to set up the book for the elba island transaction . the next step will be to expand the book to capture all the enron ' s lng - related positions in one place and to look for natural risk offsets and possible hedges . a working group is meeting to close a few remaining gaps tomorrow ( tuesday ) at 8 : 30 . a few comments on the book design and my view of the project : a . the current thinking is that lng will be sourced for the elba island facility by buying marginal cargos on the fob basis . marginal cargos will represent supply from excess capacity that has not been committed under long - term contracts or became available due to some short - term frictions . the fob cargos are typically selling at a significant discount to the long - term contract prices . the economics of the deal , as represented by the book we are setting up , will reflect the assumption that not only we can locate marginal cargos but that we shall be able to do it on a regular basis , arranging shipping and coordinating the facility schedule and natural gas transactions in the us . in other words , we have a significant logistical and operational risk in this transaction . b . the transaction will cover the period of 17 years ( with an extension option of 5 years ) . even if we can lock - in the lng volumes over this time period , we have no ability to lock - in the other side of the spread ( us gas prices ) for such a long tenor . this is essentially a tolling transaction with exposure to the lng - nat gas spread and i would not recommend locking - in only one leg of the spread . one solution would be to cover , let ' s say , 50 % of he lng volumes for the first 5 years and lock - in the nat gas side on the us market side . c . the book we are setting up will be based on many managerial assumptions regarding sources of lng , shipping rates , schedules , etc . i would set up a big prudence reserve in case we mark it to market . d . my group will work on valuation of some options we have in the elba island deal ( that are good for enron ) and on the hedging strategy for the lng positions . long - term lng contracts are typically based on the japanese crude cocktail that correlates very well with brent . vince john sherriff 05 / 14 / 2000 01 : 40 am to : vince j kaminski / hou / ect @ ect cc : lauren urquhart / lon / ect @ ect subject : lng may 19 decision vince i haven ' t spoken to you for awhile but hope the world is treating you well . anyway with greg moving to his new role i have ( i hope only temporarily ) staff trading oversight for the eastern hemishere plus lng . i understand that your group is taking a first cut at developing curves for lng and lng ship values . i also understand that another lng ship decision is on the dockets for may 19 ( not very far away ) . anway i understand this is a big decision but i still have gotten very little info yet . can you please let me know where you stand now ? i will ask my assistant lauren to set up a time that i can speak with you in the next couple of days and if you have anything for me to review before then she can get it faxed to me as well . look forward to connecting with you vince . john
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Subject: re : message from ken rice dorothy , no problem . please , cc - mail me tom ' s number . one of the members of the group has a phd in computer science and he will join me for the call . vince from : dorothy dalton @ enron communications on 05 / 01 / 2001 08 : 53 am to : vince j kaminski / hou / ect @ ect cc : subject : message from ken rice vince : ken rice received a call through a friend ' s referral from dr . tom limperis ( a professor at the university of michigan ) . dr . limperis has developed a statistical database management system he would like to show enron . ken would like you to return this call on his behalf . he feels that you are probably the only person who will understand and be able to determine if enron should have an interest . do you mind returning this call ? please let me know . thanks ! dorothy dalton office of the chairman enron broadband services 1400 smith street , eb 4505 houston , tx 77002 713 - 853 - 6724 - direct 713 - 853 - 9469 - fax
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Subject: financial mathematics course - urgent hi vince , in order to provide the marketing department with sufficient lead time for our financial mathematics course , the brochure will need to be printed by the end of next week . i would like to confirm the bullets for your two sessions at the 2001 series of courses . if you feel that there is little need to update the points i ' ll include the previous outlines . the one addition i would like to make is on the ' practical example ' point at the end of each session . if we could provide a line outlining what the example would be , this would add some important information to this event . i will be in the office until wedesday afternoon and would very much like to talk with you about your views on this years ' event . i will be out of the office on thursday and friday and will need to confirm my changes at the start of next week . i look forward to speaking with you soon . best wishes , paul bristow
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Subject: re : wednesday meeting eric , we are looking at the model . i shall get back to you next week . vince enron north america corp . from : eric groves 09 / 06 / 2000 08 : 55 am to : vince j kaminski / hou / ect @ ect cc : subject : re : wednesday meeting vince , i was wondering if you or someone in your group has had a chance to overview the lng shipping model that i sent you . merritt thomas is sending me more data to add the to model on all of the other ports and nautical miles . i would like to to have your input on the functionality of this file before we go farther . please call with any questions or comments . thanks , eric vince j kaminski 09 / 06 / 2000 08 : 26 am to : eric groves / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , scott earnest / hou / ect @ ect subject : re : wednesday meeting eric , i think we can skip the meeting and discuss any issues between us . the meeting was convened at the request of doug arnell , but jeff shankman thinks that there is no need for formal meetings : we can ask them for the information directly on as needed basis . vince enron north america corp . from : eric groves 09 / 05 / 2000 11 : 01 am to : vince j kaminski / hou / ect @ ect cc : subject : wednesday meeting are we still having the meeting tomorrow ? at what time ? thanks , eric
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Subject: december 6 th meeting dear mr . kaminski : this is to confirm the december 6 th meeting here at our center . the location for the meeting is room # 3212 steinberg hall - dietrich hall and the time will run from 9 : 00 am - 11 : 00 am . please let us know if you need anything further . we look forward to seeing you then . regards , theresa convery ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ theresa convery administrative assistant risk and decision processes center the wharton school of the university of pennsylvania ( 215 ) 898 - 5688 / fax : ( 215 ) 573 - 2130 tconvery @ wharton . upenn . edu
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Subject: today ' s gathering hello , vince ! i was planning to stop by damian ' s this evening , but i think i ' ll go home instead . i ' ve contracted a sneezy cold , and i don ' t want to spread it around anymore than i already have . thank you for putting this together . i ' ll have to make the one in january for sure ! sam
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Subject: welcome to - energy news live dear vincent kaminski , welcome to energy news live - http : / / www . energynewslive . com ! you are receiving this email as a result of your recent registration . free energy news live membership we ' re glad you ' ve joined us ; we think you ' ll find enl an amazing business tool , with live , up - to the - minute news every hour on the hour of every business day . insight from actual traders . exotic and proprietary weather modeling . a new cross - commodity index . we ' ll break every energy headline around the world , and bring them right to your desktop . so sign on , leave it on , stay on top . and enjoy your membership to energynewslive . com , the first real - time energy network . also , thank you for your request to receive more information from energynewslive . com . keep checking your email for updates and special offers . if you did not request to receive special offers from enl please click here to de - activate : you have also indicated that you would like to receive a daily video wrap - up from energynewslive . com . if you did not request to receive a daily video wrap - up from enl please click here to de - activate : sincerely , the energy news live team
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Subject: re : simon , i shall bring a floppy to paris . vince " simon turner " on 09 / 29 / 2000 10 : 13 : 47 am please respond to " simon turner " to : cc : subject : re : vince this works . are you attaching your presentation for next week ? ? thanks simon - - - - - original message - - - - - from : vince . j . kaminski @ enron . com to : simon @ localbloke . freeserve . co . uk cc : vince . j . kaminski @ enron . com date : wed 27 september 2000 5 : 04 : pm > test > > vince kaminski > >
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Subject: czesc ludmilo , wicku i wicusiu co slychac . w polsce zimno , ponuro , w gdansku aktualnie odwilz , co sprzyja grypie . uciekamy przed grypa na tydzien do bialki tatrzanskiej pod zakopanem . bylismy tam w zeszlym roku przez 4 dni w zimie i bardzo nam sie podobalo . gory w zimie sa naprawde piekne . bylismy pierwszy raz w zimie w gorach od 25 lat . bardzo bedziemy chcieli wpasc jutro do pabianic ( albo w drodze powrotnej do gdanska ) . nie wiem , czy to sie uda , bo wieczor zapada bardzo wczesnie , a ja nie moge jezdzic w nocy . latwo sie mecze i szybki zasypiam . bylem u twoich dziewczyn we wrzesniu , przypominalem sobie stare czasy jak nocowalismy u was z rodzicami , ojciec siedzial na lezaku pod jablonia . ech . bylo , minelo . slyszalem , ze wicusiowi idzie nadzwyczajnie . pamietam , jakim ty byles ulubienicem taty ( peptydy w juracie , pamietasz ) . michal ze swoja narzeczona wybiera sie w lecie do ameryki . chcialby podszkolic sie w angielskim i przy okazji troche popracowac . oboje studiuja medycyne na trzecim roku . jak myslisz , mogliby znalezc prace w houston ? czy moglbys im w tym pomoc ? oni chcieliby tylko znalezc prace , nie chca was w niczym absorbowac . co o tym myslisz ? jak bedziesz znowu w polsce , daj znac . musze z przyjemnoscia powiedziec , ze poglady polityczne eli , jadzi i nasze sa identyczne . nawet nie mamy sie o co poklocic . generalnie sie zgadzam z balcerowiczem , ale uwazam , ze reforma zdrowia jest do d . doznajemy tego na wlasnej skorze . trzymajcie sie cieplo i do uslyszenia . pa , pa adam t . chemat @ softel . gda . pl
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Subject: important information about united healthcare - please read ! to : houston area employees participating in the domestic medical plan benefits you may have recently received communication from united healthcare ( uhc ) concerning memorial hermann health systems ' ( mhhs ) decision to terminate their contract with uhc in the houston / beaumont area . this communication also included the names of physicians who will be dropped from the network due to this action . it is our intent to help you understand the situation . it is our understanding that memorial herman health systems asked for a 40 % increase in fees - a substantial increase that would have been passed on to you and enron ! when united healthcare attempted to negotiate with a counter proposal , memorial hermann cancelled their contract . while this contractual arrangement was between the hospital system and uhc , enron continues to support uhc in their ongoing contract negotiation efforts . at this time , it is only uhc which has been affected , however , it is our understanding that cigna has also been contacted by the hospital group and may be in contract negotiations at this time as well . many doctors have obtained admission privileges to other area hospitals within the uhc network or have contracted directly with uhc including those with admission privileges to the woodlands , sugarland and clear lake hospitals , to name a few . in a further effort to limit disruption to our affected employees and families who are enrolled in the uhc network or epo options , enron has authorized uhc to process claims incurred between september 28 and december 31 , 2000 as if the termination of the memorial hermann health systems from the network had not occurred and in - network benefits applied . office visits will have a $ 10 copayment and all other charges will be covered at 90 % . hospital admissions will still need to be pre - certified with uhc . these steps have decreased the number of participants ' affected by primary care physician disruption from 1 , 050 to 127 . if you need medical attention : you or your doctor / hospital must call uhc ' s customer service number so proper benefits can be verified . in some cases the hospital or doctor may request payment at the time service is performed . if this should happen , please obtain an itemized statement and submit it to uhc with a claim form for prompt reimbursement . claim forms can be obtained by calling 1 - 800 - 332 - 7979 or in houston at 713 - 853 - 7979 ( press 1 ) . open enrollment materials will be coming soon . take this opportunity to consider your elections for 2001 . united healthcare and enron hr are committed to assisting enron employees through this transition . we will communicate any further developments that may impact you or your family .
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Subject: sample day - ahead lmp postings message sent from the pjm - customer - info mailing list at pjm - customer - info @ majordomo . pjm . com : from 04 / 10 / 00 through 05 / 12 / 00 , pjm will be posting sample day - ahead prices produced using the two - settlement software and generation bids and ties schedules as bid into the pjm real time market . perturbations may be applied to the demand bids in order to illustrate the impact of total demand mws bid on day - ahead lmps ( such perturbations will be discussed in the day - ahead case description file ) . sample prices will be posted for weekdays only . these prices are for illustration purposes only . they will not be used in any pjm settlements . sample lmps will be posted in a csv file using the following name convention yyyymmdd - da . csv . the names of files initially posted for 4 / 10 / 00 and 4 / 11 / 00 have been changed to this name convention . questions may be directed to pjm customer service at ( 610 ) 666 - 8980 . to unsubscribe from this list , send an e - mail to majordomo @ majordomo . pjm . com containing only the following line in the body of the e - mail : unsubscribe pjm - customer - info
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Subject: california update 3 / 06 / 01 executive summary ? if no comprehensive deal is reached by april 9 th , chances of bankruptcy increase due to a one day " opt - out " clause in all long - term power contracts . ? pg & e and state locked in tough negotiations , several issues on the table : puc - imposed requirement forcing pg state - 2 . 3 times book value vs . pg & e - 4 times book value ? pg & e will not use any of the $ 1 b secured last week to help their ailing utility . ? davis ' s announcement of long term power contract didn ' t include some details : of the 8 , 800 megawatts secured this far , only 6 , 000 are available this summer some of the " long term contracts " are really only for three months none of the contracts prevent california from buying peak demand on the spot market ? one the same day davis announced long term contracts , davis also quietly announce a 10 % rate hike . ? ferc may be the wild card in approving this deal . pg & e transmissions deal one thing that is still uncertain is pg & e . bankruptcy may still be a likely alternative if current negotiations to buy pg & e ' s share of the electric transmission grid fail to produce a deal by april 9 ( when all long - term power contracts being negotiated have a one - day " opt - out " clause they can exercise unilaterally if a " comprehensive solution " has not been reached by the state and its major utilities ) . according to sources close to senior pg & e officials , pg & e made it clear that any hope for a politically acceptable deal on the transmission lines depends on the california government ' s willingness to make a major financial commitment it has been completely unwilling to make until now . pg & e will not make a final deal to sell its grid unless davis agrees to relieve it of the puc - imposed requirement to be the " electricity buyer of last resort . " current state regulations make the utility companies ultimately responsible for generating or purchasing enough electricity at all times to supply california ' s energy needs . as long as the state steps in and makes those purchases , as it has for the past three months , the utilities are shielded from absorbing the losses generated by paying premiums for spot market power and selling to consumers who are shielded by low rate ceilings . but , pg & e officials are worried 1 ) this summer ' s supply and 2 ) davis ' s concern over how fast he is draining the state ' s budget surplus . if things get into a crunch this summer and davis makes a new decision that the state will pay only for the electricity it buys through long - term contracts , then pg & e will be left holding the bag . thus , as part of the negotiations over buying the electricity grid , pg & e is demanding a " comprehensive solution " that includes not being liable for cost differentials between the spot market purchase and what consumers are allowed to pay . state officials are in no mood to grant that kind of " get out of jail free " card , so the two sides remain locked in extremely tough negotiations that are complicated by three other factors : ( 1 ) pg ( 2 ) state legislative demands that the price davis negotiate for pg and ( 3 ) the ferc must " positively approve " any grid purchase by the state of california . the principal concern on the price front is that pg & e wants to sell the electricity grid for nearly four times the estimated book value of their transmission , while consumer groups insist that two times book value is the politically acceptable limit . " we see 2 . 3 times book value as an absolute upper bound . there is no way pg & e will get more than that , whatever they think , " according to the leader of one main consumer groups . " we are going to try to force any deals down to about 2 . 0 in any case . " negotiators for davis are also trying to ' proposition - proof ' any transmission deal to protect against a later ballot proposal . they think there are ways to do that , but not if the price of pg & e ' s part of the grid triggers a ballot initiative . remember , if davis ' s eventual solution triggers a ballot initiative , he will be running for re - election on the same ballot as a public initiative designed to overturn his solution . on the sacramento front - no one understands pg & e ' s motives the one question no one in sacramento can figure out is what kind of game pg & e is playing . in a three day period pg & e made a series of announcements that left everyone scratching their heads . ? late thursday , pg & e officials leaked information to california papers that they had agreed in principle to sell their part of the electricity transmission grid to the state , which seemed like obvious good news , but then made it clear in discussions that the price they were asking was at least 30 % above what the state was currently offering . while a deal can still be done , anything like the $ 10 billion pg & e wants would be very hard to get through the california legislature which needs to approve any purchase . ? late friday , pg & e officials announced that they had secured a $ 1 billion loan for the parent company ( not the electricity utility ) and would use the money to pay off bondholders , other creditors and to return $ 161 million to shareholders in a new dividend payout . not a cent of that money was earmarked to help the struggling electricity orphan of pg & e and that left at least one rating agency convinced that the company was more ready to send the utility into bankruptcy than had been previously understood . ? over the weekend , pg & e leaked a story claiming that it was willing to pay off its energy suppliers ' debt for 15 cents on the dollar right now . for generators who are having to make decisions each morning about whether to start legal actions that protect their rights in any eventual bankruptcy action or hold off on the assumption that the politics of this process will " make them whole " in a couple of months , that kind of trial balloon is extremely unnerving . thus , in a very short time period , pg & e ' s corporate owners showed they could access public credit markets with relative ease and then showed that they were unwilling to use these funds to smooth the way toward a solution to the energy crisis . davis has demanded that all of the major utilities absorb at least a part of the $ 13 billion debt they have accumulated since last summer and pg & e ' s fund - raising will harden and deepen those demands . as one senior political official told our source " just when you think the corporate leadership of that company has insulted us as completely as possible , they come up with something even more outrageous . " pg and some of these " long - term contracts " are actually only good for three months . none of these contracts , however , keep california from having to buy the most expensive peak demand electricity on the spot market . davis agrees on new consumer electricity rate hikes for next year while the media was concern with davis ' s announcement of long term contracts for california , of less concern to the media was davis ' s quietly announced a decision to let rates rise again for electricity consumers . the state will accept the 10 % emergency surcharge levied on consumers in january as a permanent increase as well as an additional 10 % increase for consumers that will take effect early 2002 when the old 1996 rate cut legislation expires . that would bring the average charge to about 8 cents a kilowatt hour . ferc the other major danger to the transmission line deal is that the federal energy regulatory commission can block the deal simply by failing to approve it in a positive vote . senior california officials and legislators doubt that ferc has jurisdiction , and believe that ferc would not dare stop a deal . but they may be wrong . " the deal can only go through if ferc specifically signs off on the deal . its power over transmission deal is absolute , no matter what anyone says , " according to source close to the president . there are three possibilities : 1 ) ferc could " pocket veto " it by not even putting it on agenda for discussion ; 2 ) the deal is put on the agenda but it gets voted down . the democrat on the commission , william massey , has already said he is opposed to it ; or 3 ) the commission could approve it but with condition that davis has to agree to bring the lines into a regional grid system . one complicating factor in the ferc decision , however , is that its chairman curt hebert , who is adamantly opposed to the transmission line sale , may not be around long enough to have his say . " hebert is definitely not a shoo in for the ferc chairman position , " says one washington official . two other appointments to the commission will soon be named , this official notes , and one of them " could easily become chairman . "
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Subject: wharton business plan competition hi anne ! thank you for your reply . enron is delighted to be a part of the wharton business plan competition ! first , our assistant in the university affairs group , melinda mccarty , will provide you with our logo . enron would definitely like to be judge in phase iii and participate in the venture fair , including the display table . as to the mentoring and university community program , let ; s discuss that further so i can better judge our way forward . after i ' ve had the chance to discuss all of this with our entire university affairs and wharton team here at enron , you and i can get together to plan a more difinitive participatory strategy for enron . i will call you next week . again , we at enron are very enthusiastic about participation with wharton in this mutually interesting endeavor . ! best regards ! - - christie . - - - - - - - - - - - - - - - - - - - - - - forwarded by christie patrick / hou / ect on 01 / 26 / 2001 06 : 33 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " stamer , anne " on 01 / 26 / 2001 03 : 47 : 39 pm to : " ' christie _ patrick @ enron . com ' " cc : subject : wharton business plan competition dear christie : thank you for your voice mail . things are moving along nicely with the competition . phase ii deadline was today , so we hope to have some statistics in the next few weeks . i have attached the statistics from phase i , for your files . listed below are ways that enron could be involved , let me know in which ( or all ) of these enron would be interested in participating . * we want to start listing our sponsors , so it would be really good if we could get your logo . * also , does enron wish to be a judge in phase iii and the venture fair ( vf ) ? for phase iii , we would mail each judge about 3 full blown business plans to be ranked . we anticipate this taking no more than 1 afternoon * for the vf , we would need a judge to be present for the entire day . the vf is by invitation only and we anticipate about 350 students , venture capitalists , business entrepreneurs and faculty . the vf will be held in philadelphia on april 30 th . * at the vf we will provide an opportunity for our sponsors with a 6 foot table for exhibits or materials to hand out . we will need to know if you wish to use the exhibit space . * we plan on providing our 25 semi - finalist teams with one - on - one mentoring . if enron is interested , that would be about 1 / 2 or 1 day commitment . * there might be an opportunity for a workshop to the university community . would enron be interested in participating in something like this ? i look forward to working with you to make this year ' s bpc a success . thank you . sincerely , anne stamer > anne stamer wharton business plan competition wharton entrepreneurial programs the wharton school 419 vance hall , 3733 spruce street philadelphia , pa 19104 - 6374 215 - 746 - 6460 ( direct ) 215 - 898 - 4856 ( office ) 215 - 898 - 1299 ( fax ) stamer @ wharton . upenn . edu - phase ioverview . doc
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Subject: another addition from enron tiger member vince : please add deepa mallik to the list , as well , as she is interested in a summer internship with enron . she said she forwarded her resume to you last week . will gladly resend , if necessary . thanks , donna > - - - - - original message - - - - - > from : fap > sent : friday , february 02 , 2001 2 : 04 pm > to : ' vkamins @ enron . com ' > cc : ' clayton . degiacinto . wgo 2 @ wharton . upenn . edu ' ; > ' hethorne @ wharton . upenn . edu ' ; thomas ; weigelt ; fap > subject : addition from enron tiger member > importance : high > > vince : > > please add clayton degiancinto as an applicant to a summer internship at > enron . he told me that he sent christie patrick his resume two weeks ago . > let me know if you need to have it resent . > > thanks , > donna
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Subject: re : enron default swaps no hurry about those documents , i have so much to do already ! thanks and warm regards , darrell on mon , 2 apr 2001 vince . j . kaminski @ enron . com wrote : > > darrell , > > thanks . i am beating up on my group to accelerate preparation of > documentation for > the audit . > > vince > > > > > > j d duffie on 04 / 02 / 2001 03 : 35 : 31 pm > > to : > cc : > subject : re : enron default swaps > > > > hi vince ! > > i got those notes . they should indeed > be useful . the one from deutsche bank > is especially helpful ! > > i am suppose to know this stuff , as i teach it ! > > sorry about the delayed billing . > i have had trouble getting a bill > from my excellent asistant , taichi hoshino , > who has returned to goldman tokyo , > and has not been able to get anything else > done lately . i will try to get something out soon ! > > we had several energy people , > from several companies , at our credit risk > exec ed course last month . seems that > credit risk and power risk go > together these days ! > > warm regards , darrell > > > > > on fri , 30 mar 2001 vince . j . kaminski @ enron . com wrote : > > > > > darrell , > > > > i am sending you 2 technical notes on enron default swaps : i hope that > they > > will > > be useful . i shall read the articles on weekend . i am curious if you > > find these explanations satisfactory . > > > > we are very slow in preparing a number of technical documents > > for you for model reviews . we still hope you will be able > > to find some time to review our credit models ( for our london > > credit trading ) and var and option pricing related models . > > > > also , please check your invoices . i still think we owe you money . > > > > > > vince > > ( see attached file : cds vs as . pdf ) ( see attached file : cdsstrat . pdf ) > > > > > > > > > > darrell duffie on 03 / 28 / 2001 08 : 07 : 38 am > > > > to : vince j kaminski > > cc : > > subject : re : enron default swaps > > > > > > > > > > vince : according to a bank of america > > publication , your ( enron ) default swap spreads > > are consistently trading about 80 > > basis points wider than your asset swaps . > > any idea of what is going on here ? > > > > thanks for any guidance , darrell > > > > > > _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ > > darrell duffie > > mail gsb stanford ca 94305 - 5015 usa > > phone 650 723 1976 > > fax 650 725 7979 > > email duffie @ stanford . edu > > web http : / / www . stanford . edu / ~ duffie / > > _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ > > > > > > > > > > _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ > darrell duffie > mail gsb stanford ca 94305 - 5015 usa > phone 650 723 1976 > fax 650 725 7979 > email duffie @ stanford . edu > web http : / / www . stanford . edu / ~ duffie / > _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ > > > > > > darrell duffie mail gsb stanford ca 94305 - 5015 usa phone 650 723 1976 fax 650 725 7979 email duffie @ stanford . edu web http : / / www . stanford . edu / ~ duffie /
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Subject: december 11 prc meeting please mark your calendars for the december 11 , 2000 prc meeting to prereview vice presidents in the following organizations : enron north america enron industrial markets enron global markets enron networks enron south america apachi calme the meeting will be held at the st . regis hotel , 1919 briar oaks lane , houston in the plaza room . the meeting is scheduled from 8 : 00 am to 5 : 00 pm . for those of you who are part of the enron wholesale services group , please plan to be there at 8 : 00 am , as the first part of the meeting will be devoted to discussing prc results of groups below vice president , and manager to director / sr . director promotion nominations . the vice president rating is scheduled to begin at approximately 9 : 45 am . the telephone number of the hotel is 713 - 840 - 7600 . a complete agenda and details will be forthcoming later this week . for those of you in the organization units listed above , please be prepared to present and discuss your vice presidents . please feel free to contact me at x 36628 in houston , should you have any questions . sheila knudsen
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Subject: re : weather course julie , i forwarded your message to the weather desk . i think you can cancel hyatt and save some money . vince " julie " on 02 / 19 / 2001 03 : 19 : 45 pm please respond to " julie " to : " vincejkaminski " cc : subject : re : weather course vince , enron is fine ( although i think we have to pay for the hyatt anyway ) . ? good discount ( i have a feeling that my idea of a good discount and the weather desk ' s idea is probably different ? ) : ? for the one day , $ 1100 per person . ? if you think that there will be ? around 10 people or more , then we can offer a day rate , regardless of the number of people . ? ? thanks vince ? julie ? ps - of course when i announced that we were cancelling , people started responding that they wished to attend . ? ugh ! ? - - - - - original message - - - - - from : vince . j . kaminski @ enron . com to : julie cc : vince . j . kaminski @ enron . com sent : friday , february 16 , 2001 4 : 05 pm subject : re : weather course julie , enron location makes more sense . no reason to pay for the hotel . also , i think that one day makes more sense . i contacted the weather desk about including other people at the training course . i think that they would be interested if they got a good discount . vince " julie " on 02 / 16 / 2001 09 : 39 : 37 am please respond to " julie " to : ? ? cc : subject : ? re : weather course vince , great . just to let you know , we decided not to wait on the indecisive ones , and postponed the open course . it ' s yours , whatever you want : ? 1 day ( specific to what you feel will be of the most benefit ) , 2 days , hyatt or ? enron , or not at all . i hope this doesn ' t cause problems for you . special deal , for sure . i owe my godfather . julie - - - - - original message - - - - - from : ? vince . j . kaminski @ enron . com to : julie cc : joseph . hrgovcic @ enron . com sent : thursday , february 15 , 2001 3 : 16 ? pm subject : re : weather course julie , that ' s definitely an option . we can ? provide the room . maybe we can cut with you a special deal for enron and ? increase the # of people attending . i am forwarding your message to our ? weather desk . vince joe , what do you think about ? it ? vince " julie " on ? 02 / 15 / 2001 08 : 20 : 24 am please respond to " julie " to : ? " vincejkaminski " cc : subject : ? weather course vince , we just wanted to let you know ? that we only have 3 people signed up for the weather derivatives course ? ( all from enron ) so far . we have a couple more that have expressed strong ? interest , but we are awaiting their final decision . if no one else signs ? up , chris and les thought that you guys could probably get through the ? first day pretty easily , and thus thought it may be an option to teach just ? the 2 nd day material ( pricing ) only at enron ( doing it at the hyatt is an ? option as well but the room might be on the large side ) ? we would ? obviously reimburse you for the day not taught . we can teach both days as ? well , but thought you may want to save some time . i just wanted to give ? you some time to think about it . we will know where we stand on final ? numbers by next ? wednesday . julie
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Subject: re : fw : mtg . scheduled frank , regarding simulating power prices in var we might discuss the following items and show some results : 1 . clustering for power : - clustering based on historical prices and correlations from them ; - geographical clustering ; - flexibility in choosing " core curves " ( based on position size ) ; 2 . jump - diffusion process for intramonth and prompt month : - parameter estimation from historical data ( do we want to use it ? ) - working out parameters ( jumps frequency , jump size ) as stress scenarios ; 3 . correlations within a cluster and across clusters . 4 . changing correlations estimations ( using fixed contact ' time series ) . 5 . joint estimation of factors for selected regions . let me know what you think should be in the agenda for this meeting . regards , tanya from : frank hayden / enron @ enronxgate on 04 / 18 / 2001 03 : 43 pm to : tanya tamarchenko / hou / ect @ ect cc : subject : fw : mtg . scheduled if you want , i welcome your help in putting together an agenda . frank - - - - - original message - - - - - from : black , tamara jae sent : wednesday , april 18 , 2001 3 : 32 pm to : presto , kevin ; davis , mark dana ; sturm , fletcher ; herndon , rogers ; gilbert - smith , doug ; white , stacey ; kaminski , vince ; andrews , naveen ; belden , tim ; gorny , vladimir ; davenport , lacrecia cc : hayden , frank subject : mtg . scheduled please mark your calendar for a meeting with : frank hayden reg . value @ risk april 26 th 3 - 4 pm rm 3125 b thanks tjae black x 35800
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Subject: re : credit risk technical article ben , let me review it one more time from this angle . if you don ' t hear from me by wednesday , it ' s ok to post it . vince benjamin parsons 01 / 04 / 2000 04 : 31 am to : vince j kaminski / hou / ect @ ect cc : ross prevatt / hou / ect @ ect , bijoya banerjea / lon / ect @ ect subject : credit risk technical article vince , bijoya is currently working on the development of the website for the new credit trading initiative , and we thought it would be a good idea to put my recent technical article " measuring credit risk " on it . are you okay with this release , or does it contain any proprietary information we should edit out ? ben
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Subject: re : christmas list will do , vince thanks vince j kaminski 11 / 08 / 2000 10 : 42 am to : kevin g moore / hou / ect @ ect cc : shirley crenshaw / hou / ect @ ect subject : re : christmas list kevin , the donuts are a great idea . i think we should add jeff and john as well ( baskets ) . vince kevin g moore 11 / 07 / 2000 11 : 14 am to : vince j kaminski / hou / ect @ ect , mike a roberts / hou / ect @ ect cc : subject : re : christmas list while the thought is still on my mind , so you want think i ' m being selfish . what i am thinking we could do is send the move team , help desk and facilities complimentary donuts from the research group during the holiday season . - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 11 / 07 / 2000 12 : 07 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - kevin g moore 11 / 07 / 2000 11 : 02 am to : vince j kaminski / hou / ect @ ect , mike a roberts / hou / ect @ e cc : subject : re : christmas list i sent the last e - mail before asking this question . vince , what about dave delainey , john lavorato and jeff shankman . please inform . . . . . . . . . . . . . . . . kevin g moore 11 / 07 / 2000 10 : 57 am to : vince j kaminski / hou / ect @ ect , mike a roberts / hou / ect @ ect cc : subject : christmas list hello vince and mike i want to keep you informed . this year all baskets will be done in a timely manner . on last year we were going through a major move therefore many people played key roles in keeping us together . this year however , is a little different , as it is always nice to give unfortunately we can not give to everyone . i am sending a lists of who we have so far . there are a few names on the list that i feel we should do something else for this year . under shirley ' s list of names . ( not so expensive ) they are : move team who ? mail room who ? facilities help desk who ? there are other tokens of appreciation that we can get for them . please note that you two are the only ones that have seen this e - mail so far i will need your approval for all baskets , however your input on the matter will be greatly appreciated . the list is not completed i am still waiting for additions . thanks kevin moore
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Subject: re : enron open positions vince , just fine . i will be there at 11 : 30 am on friday , september 8 , 2000 . see you at the enron building . thank you . maruti - - - - - original message - - - - - from : vince . j . kaminski @ enron . com to : mmore @ houston . rr . com cc : vince . j . kaminski @ enron . com date : monday , august 28 , 2000 2 : 14 pm subject : re : enron open positions maruti , does 11 : 30 enron building work for you ? vince " more " on 08 / 28 / 2000 01 : 25 : 54 pm to : " vince j kaminski " cc : subject : re : enron open positions hello vince , thank you very much for getting back to me . friday , september 8 is fine with me . please let me know what time would be convenient for you and where we can meet . i can come any time anywhere . sincerely , maruti 832 - 251 - 7267 - - - - - original message - - - - - from : vince j kaminski to : more cc : vince j kaminski date : monday , august 28 , 2000 12 : 12 pm subject : re : enron open positions maruti , what about september 8 , friday ? vince " more " on 08 / 25 / 2000 03 : 27 : 26 pm to : vince j kaminski / hou / ect @ ect cc : subject : enron open positions
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Subject: re : comments hi vince , sorry to have missed you in paris . many thanks for your comments - they ' ve now been incorporated and sent to eprm . things are crazy at the moment , but hopefully will calm down in a couple of weeks and we ' ll have time to catch up better . best regards . chris . - - - - - original message - - - - - from : to : cc : ; ; sent : sunday , october 15 , 2000 11 : 06 am subject : comments > julie , > > sorry for the delay . here are he comments . > > vince > > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > sorry for long delay in responding . i have a few comments . most are focused > on the third article as here is till time to make modifications . > > 1 . in the second article , i would mention that the formulation of the mean > reversion process represents one of several possible equations that capture > the same type of market evolution of prices over time . > 2 . one comment that applies to both articles . the problem is how one defines > the time series of energy prices . the numbers used for australian nsw pool > prices seem to correspond to chronological prices . one alternative approach > is to build different time series for the corresponding time intervals for > each day . this would result in different price behavior and estimates of > jump . the choice is one of convenience and depends on actual problem under > investigation . one could argue that volumes of electricity traded during > different time slots represent different economic commodities . > figure 3 a ( jump frequency ) has units on the vertical axis that require > explanation . are we talking about an expected number of jumps in the total > number of half hourly periods in a year ? the same goes for f in table 2 > ( article number 3 ) . > >
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Subject: hello from enron dear dr . mcmullen , a few weeks ago i received a call from your university regarding employment opportunities at enron . i called back and summarized the needs of my group ( an ideal profile of a candidate ) : 1 . mathematical finance 2 . computer programming ( c , c + + ) 3 . understanding of the energy markets i shall appreciate any information about potential candidates . i have also given some other suggestions regarding potential opportunities for graduates with different profiles . please , feel free to call me . my number is 713 853 3848 . vince kaminski
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Subject: it support for research weather group mark , first let me say thank you for your assistance in making it possible for meteorologists tony hamilton and stephen bennett to hit the groung running this week when they came over to london from houston . when we came into our offices in houston monday morning , tony and steve had already gathered and analyzed their data , prepared reports and were ready for the avistar briefings ! the cross - atlantic communication and data - sharing and manipulation went seamlessly ! we have great expectations for continued synergy with this new set - up . the research weather group is excited about our expanded responsibilities in london . we are committed to maximizing the value added we can provide to the weather derivatives , crude & products , uk trading , continental power , and analytics efforts . we are , however , also extremely dependent on computers and communication , associated software and peripherals . plus the datastreams we access and the reports we generate are very time - critical in their value to traders . we need a very stable environment , with reliable back - up and 24 - hour support to fulfill our commitments to providing the trading operation with timely , never - fail research and information flows . so , thanks again , and please do whatever you can to continue this high level of support by passing this letter of praise and thanks to your team , and show them our appreciation for your efforts . mike roberts
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Subject: re : energy derivatives hi vince , thanks for your call today - i look forward t speaking to you tomorrow . i ' ll be working at home in the mornng ( my time ) - trying to finish up my chapters ! - my number is 61 2 9460 3079 . best regards . chris .
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Subject: re : ed krapels louise , thanks . his e - mail address is ekrapels @ esaibos . com . the company coordinates are as follows : esai 301 edgewater place , suite 108 wakefield , ma 01880 ( 781 ) 245 - 2036 ( 781 ) 245 - 8706 vince louise kitchen 02 / 11 / 2000 05 : 13 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : ed krapels absolutely - i can ' t find the previous email but it may have been lost during the few days they moved my email box from london to houston - i know i had a lot of lost emails - do you have his phone number and email and we can sort out a password for a few days for him too . louise vince j kaminski 10 / 02 / 2000 22 : 15 to : louise kitchen / lon / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : ed krapels louise , some time ago i sent you a message regarding ed krapels . he is writing a book on energy commodity markets and would like to learn more about eol . can you give him a call and chat with him for 10 minutes . he is a good friend of enron and it would be free ad for us . vince
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Subject: re : cplex floating license chonawee and i just had a phone conversation with cplex . there are other alternatives ( products ) that may help in saving time and cost . chonawee and i feel that one floating develoment license , and one or two opl ( a package on sale that provides modeling and optimization features ) licenses will do . in addition , we need floating deployment licenses . for the development licenses , the charges should be split " equally " between the different groups that may ask for optimization help ( although it is hard to predict who may ask for future help ) . we are suggesting equally since these licenses are used to develop the needed solution but are not ( in general ) used to run the software . the deployment licenses can be charged on per - use basis for different groups . cplex is going to send us a new quote . we ' ll make the decision soon after that . - samer
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Subject: re : alp presentation for your information , the alp project presenation that vince kaminski invited you to will be held in the enron bldg . in conference room eb 49 cl . if you need any other information , please let me know . regards , shirley crenshaw administrative coordinator enron research group 713 - 853 - 5290 email : shirley . crenshaw @ enron . com
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Subject: john martin , energy finance article vince , f . y . i . i have not talked to john martin about it yet . i don ' t know if you have any interest . stinson - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 07 / 24 / 2000 10 : 03 am - - - - - - - - - - - - - - - - - - - - - - - - - - - john martin on 07 / 21 / 2000 07 : 36 : 31 pm to : stinson gibner cc : subject : re : your call my number is 254 - 710 - 4473 ( office ) and 254 - 757 - 0852 ( home ) . the editor of the journal of applied corporate finance is doing a special issue on energy finance for the fall and i want to see if you and vince would like to put something together describing enron ' s basic business model . i would love to join you if you would like and i can actually draft the paper with your help . i ' ll get in touch with you on monday . have a great weekend . john p . s . mitch taylor was in class today and did his usual great job . i sure enjoy using enron as my " premier company example " . at 04 : 48 pm 7 / 20 / 00 - 0500 , you wrote : > > > john , > > i misplaced your phone number . please let me have it , and i promise to give > you a call . i ' d love to hear what you have in mind . > > > best regards , > > stinson >
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Subject: re : seminar series mug marge , the person at rice to work with is barbara ostdiek . her e - mail address is below ( on one of the messages appended at the bottom ) . vince marge nadasky 08 / 17 / 2000 10 : 13 am to : vince j kaminski / hou / ect @ ect cc : subject : seminar series mug vince , would it be possible for me to work with whomever is designing this mug to see if we could incorporate the enron logo into the design ? i agree with mark that it would be preferable to have the logo somewhere on this . please let me know . marge , ext . 36631 - - - - - - - - - - - - - - - - - - - - - - forwarded by marge nadasky / hou / ect on 08 / 17 / 2000 10 : 10 am - - - - - - - - - - - - - - - - - - - - - - - - - - - mark palmer @ enron 08 / 17 / 2000 09 : 40 am to : marge nadasky / hou / ect @ ect cc : subject : seminar series mug looks a little off - brand to me . do you think we need an enron logo ? can you help vince ? anything from the catalog they could personalize ? mark - - - - - - - - - - - - - - - - - - - - - - forwarded by mark palmer / corp / enron on 08 / 17 / 2000 09 : 37 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski @ ect 08 / 16 / 2000 05 : 14 pm to : mark palmer / corp / enron @ enron cc : vince j kaminski / hou / ect @ ect subject : seminar series mug mark , rice univ . wants to produce a coffee mug for the participants of the workshop enron sponsors . please , take a look at the proposed design . do we need any formal approval ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 08 / 16 / 2000 05 : 17 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - barbara ostdiek on 08 / 15 / 2000 10 : 26 : 12 pm to : vince . j . kaminski @ enron . com ( vince kaminski ) cc : subject : seminar series mug vince : i have attached the general design we are proposing for the enron seminar series mug . we have a little refinement to do - spacing here and there a couple type - o ' s but this is the idea . if you like it , we will put an order in . i ' ll put out an announcement on the seminar schedule shortly . so far the fall line up includes will goetzman - yale , lenard mirman - virgina , jeff pontiff - u . of washington , george allyannis - darden , and charles lee - cornell . thank you . bbo - mugl 1 . pdf
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Subject: organizational announcement to help accomplish our business goals , the following management appointments are effective immediately : tod lindholm , previously managing director - chief accounting officer for ebs , will move to corporate as managing director and assume responsibility for business risk management , it compliance as well as working on a number of special assignments for rick causey , executive vice president - chief accounting officer for enron corp . john echols , currently managing director - risk systems development for ebs will assume responsibility for accounting and administration for ebs as well as his current responsibilities and will report to the office of the chairman for ebs . everett plante , currently vice president - chief information officer for ebs will now report directly to the office of the chairman for ebs .
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Subject: re : charm jim , i shall be glad to talk to them . vince james l bouillion 04 / 24 / 2001 01 : 43 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : charm vince , would you be agreeable to such a phone call , or would you prefer to designate someone in your group ? - - - - - - - - - - - - - - - - - - - - - - forwarded by james l bouillion / hou / ect on 04 / 24 / 2001 01 : 41 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " bertil olsson " on 04 / 24 / 2001 01 : 40 : 06 pm to : james . l . bouillion @ enron . com cc : " carl groth " , " kenneth risko " subject : re : charm jim , thanks for the feed - back . to assist in the further development of the product , are there any specific areas your group would like to see improved ? based on comments made during our meeting , it sounded like your main concern was whether or not charm would have the capacity to cover the very different and complex risk areas that your company is involved in . would you mind if someone from our charm group called you or mr . kaminski for some specific comments ? regards , bertil james . l . bouillion @ enron . com on 04 / 24 / 2001 01 : 35 : 09 pm to : bertil olsson / hou / us / wcg @ wcg cc : bcc : subject : re : charm bertil , i again wish to thank you for the presentation on the charm product . the response from the group is that the model requires more work before enron could consider it as a commercial product . please keep me advised as i assume that you will continue to develop the model . james l bouillion 04 / 11 / 2001 06 : 50 am to : " bertil olsson " @ enron cc : subject : re : charm ( document link : james l bouillion ) no word yet . i will follow up with the attendees . thanks for taking thje time to make the presentation . " bertil olsson " on 04 / 10 / 2001 04 : 07 : 11 pm to : james . l . bouillion @ enron . com cc : subject : re : charm jim , any feed - back on our meeting ? we certainly appreciated the opportunity and the fact that the meeting was very interactive . regards , bertil the information in this email and in any attachments is confidential and may be privileged . if you are not the intended recipient , please destroy this message , delete any copies held on your systems and notify the sender immediately . you should not retain , copy or use this email for any purpose , nor disclose all or any part of its content to any other person . the information in this email and in any attachments is confidential and may be privileged . if you are not the intended recipient , please destroy this message , delete any copies held on your systems and notify the sender immediately . you should not retain , copy or use this email for any purpose , nor disclose all or any part of its content to any other person .
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Subject: re : wharton finance conference sponsorship information i ' d be interested to see who else is sponsoring the conference and who the other panelists would be . since it is a first year conference , the success of it is highly dependent on the people who are pulling it together . since the deadline on the sponsorship form is sept . 8 , they should be able to give us an indication of other participants . do you want me to call suresh to find out - he ' s been emailing me every other day about how interested he is in working for ebs anyway . the timing of it is good - the week after everyone comes for super saturday . i ' d also be interested in what tom says . i ' d only do a gold sponsorship - i don ' t think we need or want to be on more than 1 panel - either the corporate finance or sales and trading . michele nezi marvin manager enron broadband services ( 713 ) 853 - 6848 jeffrey a shankman @ ect 10 / 05 / 00 10 : 55 am to : kristin gandy / na / enron @ enron cc : michele nezi marvin / enron communications @ enron communications , vince j kaminski / hou / ect @ ect , mark palmer / corp / enron @ enron subject : re : wharton finance conference sponsorship information it ' s not necessarily an either / or decision . michelle , do you think this is a good program ? kristin , can you call tom piazze at wharton , and ask him what he thinks about the importance of our participation in this ? jeff kristin gandy @ enron 10 / 05 / 2000 08 : 56 am to : jeffrey a shankman / hou / ect @ ect cc : subject : wharton finance conference sponsorship information here is another conference we can participate in . would you rather do this conference or the entrepreneurship conference ? kristin - - - - - - - - - - - - - - - - - - - - - - forwarded by kristin gandy / na / enron on 10 / 04 / 2000 08 : 55 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " suresh balasubramanian " on 10 / 04 / 2000 02 : 09 : 56 pm please respond to to : cc : subject : wharton finance conference sponsorship information hi kristin i am following up on our conversation earlier with respect to enron participating in the whartons finance conference and the evening reception known as bullish on finance . i think this forum will be a great opprotunity for enron to reach the students interested in finance and it also provides a great platform to talk about enrons unique position in the global financial community . please do consider the option of sponsoring a panel at the gold level . it provides a great value and essentially a full panel " ownership " to talk about enrons acitivities . i would like to touch base with you early next week to hear you thoughts and feedback on these proposals . looking forward to a great conference participation . kind regards suresh suresh balasubramanian mba class of 2001 the wharton business school ph # : 215 - 893 - 9491 - financel . con . enron . doc
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Subject: market maker simulation v . 2 stinson and vince , i finished the second version of the model which deals with open to close trading . the major difference is that there is an additional mark to market at open price which will affect the p / l . i also added the output features that john wants to see . the cumulative p / l is path dependent , the net open allowed seemingly has a strong influence on the cumulative p / l trajectory . ( the anomaly i discussed with vince is due to the trajectory shape change which needs further examination ) . could you review what i have done before we talk to john again ? zimin
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