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Subject: interview schedule for stephen bennett attached please find the interview packet for the above - referenced person . the interview will happen friday august 4 , 2000 . please print all three documents for your hard copies . if you have any questions , or conflicts of schedule , please do not hesitate to contact me . sean grady 58701 | 0 |
Subject: news article on enron india : enron aftermath business line - 02 / 21 / 2000 abhay mehta copyright ( c ) 2000 kasturi source : world reporter ( tm ) - asia intelligence wire power play a study of the enron project * publishers : orient longman , new delhi * price : rs . 195 the enron power project at dabhol in ratnagiri district of maharashtra has been mired in nationwide controversy ever since the inception of the project proposal in 1992 ; and the sordid tale ends only in 1997 , with the supreme court of india refusing to even admit an appeal against the bombay high court decision , of december 1996 , which while commenting that " this case has highlighted to the people as to how even after 50 years of independence , political considerations outweigh the public interest and the interest of the state and to what extent the government can go to justify its actions not only before the public but even before the courts of law " - yet dismissed a public interest petition against the project on the ( purely technical ) ground of res judicata , even though new facts , new arguments , new evidence of the violation of the laws of the land had been advanced by the petitioners . the fact that the fresh violations of the law were not even considered and recorded , despite the petitioners adducing the required evidence , can only be termed as strange , perhaps bizarre . abhay mehta ' s simple , factual documentation - in fact a chronological narration - of all events , including the process of bending all rules , of subverting the law for promoting a project involving unparalleled future liabilities for maharashtra , indeed for the whole of india - is not only masterly , it is devastating . it is a short , pithy book which deserves to be read from cover to cover by all thinking citizens of this country . barring the concluding chapter , the epilogue , there are no personal comments , only facts , disseminated from the original papers , mostly ' secret ' documents . all documentation has been carefully , faithfully recorded , including extracts from supposedly ' top secret ' minutes of cabinet committee meetings ; and the specific violations of the law ( which were opposed by a few public spirited civil servants , much to their disadvantage ) have been pointed up . apart from an introductory ' primer on electricity ' - introduced for the benefit of the layman , explaining some technical issues relating to electricity generation , transmission and distribution - and the background of the events of 1991 , the foreign exchange crisis , and the aftermath of the crisis , the other fifteen chapters , three appendices and fourteen annexes of the small book ( of 226 pages ) packs in an enormous volume of factual information . the strange saga of the enron project , and the sheer magnitude of the future problems this one single project poses for the country , need to be briefly recounted here , for essentially , it is the coming generation which would have to face the problem . the mseb has contracted to buy - and if not used , to pay for - 2000 mw of electricity ( for a period of 20 years ) from the dabhol power company ( the legal entity set up by enron , as an unlimited liability company registered in india , through a maze of intricate crossholdings of equity by half a dozen or more ' front ' companies registered in various tax - free havens . abhay mehta has indicated the total payments to enron over 20 years amount to $ 35 billion ( at 1998 exchange rates , around rs . 1 , 25 , 000 crores ) over the life of the project . one must record that : ( a ) crude oil / oil product prices have as of writing , more than doubled since the above calculations were made . a per the ' doctored ' figures presented by the company ( and its advocate ) , the charge per unit of electricity supplied , at the 1998 level of prices , was to 4 . 39 cent ( per unit ) as ' capacity charge ' and 3 . 43 cents ( per unit ) for ' energy costs ' . the former is indexed to the us inflation rate , and the latter to international fuel prices . the former may be assumed to have gone up only marginally ( rounded to 4 . 4 cents per unit ) ; we know that fuel prices have more than doubled internationally over 1999 . assuming the ' fuel costs ' to have increased less than 100 per cent - even though international prices have more than doubled - we may assume ( for 1999 ) energy costs of 6 . 85 cents per units , making for a total payment of 11 . 25 us cents per unit of electricity supplied by the dabhol power company ( dpc ) to mseb in late 1999 , in phase i of the project . within another two years , at 2000 mw , the annual offtake ( for 365 days x 24 hours / day ) would be 17 . 52 billion kwh ; and at 11 . 25 cents per unit , the total payment amounts to $ 1 . 97 billion annually ; for 20 years , this workout to $ 39 . 4 billion . this is not counting any further inflation in either energy costs or capacity charge . at today ' s exchange rate - about rs . 43 . 5 per us dollar - in rupee terms this works out to wore than rs . 175 , 000 crores ( as compared to rs . 125 , 000 crores indicated by abhay mehta ) . this is the cost to mseb in rupee ; and to the country in foreign exchange as payment to just one project authority , for supply of part of the power required in maharashtra . the really significant point to note in this connection is that this payment - and considerably more , depending on ( a ) future increase in ' capacity charges ' depending on us inflation rate , and international prices of lngaphtha ( for ' fuel costs ' ) , and ( b ) depreciation of the exchange rate of the rupee vis - a - vis the us dollar - is obligatory ; the assets of the mseb , the maharashtra government indeed , all assets of the government of india ( present and future ) are mortgaged to enron , by way of sovereign guarantees extended by both governments . the other significant point in this connection is that - as predicted by all independent indian experts as well as the world bank - the enron project he forced the mseb to cut its offtake of tata electric company ' s and its own much cheaper thermal power already ; in a postscript dated august 1999 , abhay mehta has indicated that already , the mseb had stopped buying between 200 and 250 mw of power from tata electric ( available at rs . 1 . 80 per unit ) and has had to backdown its own chandrapur thermal power station ( cost of this power being rs . 1 . 20 per unit ) , while forced to buy more expensive enron power at rs . 5 per unit . the loss to mseb on this count alone comes to rs . 460 crore per year . this had in fact , been predicted earlier even by the world bank . it is pointless here to go into the details of how precisely all this was contrived , by a deliberate campaign of ' disinformation ' , of blatant lies , of sidelining of expert opinion , not only of independent experts but also the goi ' s own official advisers in this matter , namely , the central electricity authority as well as that of the world bank , which was resolutely opposed to this project . the detailed facts , the letters exchanged in the above context , the pressure tactics adopted , the flouting of all procedures norms , even statutory provisions of the electricity ( supply ) act , are all carefully documented by abhay mehta . mehta correctly concludes : " we frequently blame external agencies - like the world bank - for all our problems , when , as a matter of fact , we ourselves are our own worst enemies . in the instant case , the world bank not only advised the government of india against the project , it stood resolutely firm in its assessment of the total inadvisability of this project . in fact , one must note here that in 1996 , neighbouring pakistan , which had entered into a somewhat similar mou with enron , cancelled the project ( and the power purchase agreement with enron ) , for a $ 670 million , 782 mw residual oil - fuelled power plant , even though that agreement had stipulated enron power supply at a fixed rate of 6 . 4 us cents per kwh over a 30 year period . ( note the estimated rate of 11 . 25 cents per kwh for dabhol power for the mseb in december 1999 , which works out to around rs . 5 per unit ) . one could go on ; but one must leave the reader to go through abhay mehta ' s crisp , factual , matter of fact narration of the enron saga , and switch over to the point made by him in the epilogue to the story , about ' the next round of scams ' . for quite some time , the ruling elite in india has been intent on ' privatising ' all public enterprises ; and even ' utilities ' are no exception . the ' unbundling ' of infrastructure with a view to privatisation of all the ' profitable ' segments . all this - as per the current ' disinformation campaign ' - is supposedly in the interest of rationalisation and greater efficiency of poorer supply . the author has referred in this context to the acquisition from the government - by the torrent group - of the ahmedabad and surat electricity companies at less than one - tenth of the market value of the assets of thee facilities . again , much like the enron saga , all objections by the finance department of the gujarat government were overruled . and , abhay mehta has predicated that this onslaught - the break - up of power utilities into three segments , generation , transmission and distribution , - with a view to their privatisation is likely to be the new thrust by the ruling elite , for reasons that do not require to be spelt out . though mehta had the examples of the torrent group takeover of ahmedabad and surat electricity companies , and of the break up of the orissa state electricity board before him , yet his statement can be stated today to be prophetic ; the upseb is now on the firing line . the recent strike by the workers and engineers of the upseb in protest of the announced up government decision to trifurcate the upseb ; and the union minister of power , mr . rangarajan kumaramangalam ' s statement that the upseb is a loss making , inefficient unit and that privatisation of the facilities after the trifurcation - need to be noted . that 40 per cent of the dues of the upseb are from the up government ; that tariffs for up electricity supply are fixed by the up government and not by the upseb ; that the upseb does not have the cash even for routine maintenance as a result of the above - these are facts that nobody is prepared even to consider . that the remedy for upseb lies in a different kind of reform and restructuring , is not even to be debated . the whole idea is to privatise the profitable segments , and to leave the public sector entity with all the problem areas , including rural energy supply . it is against this background that abhay mehta ' s book needs to be widely disseminated , read , and its implications understood . what is at stake is not a ' utility ' here or a psu there . what is at stake is the future of some 80 per cent of the have - nots in this country . what is at stake is the ' pillory ' of the assets of the nation for private aggrandisement . arun ghosh | 0 |
Subject: re : your visit to enron frank , great idea . i think it will be an opportunity to brainstorm about the problem . vince " francis x . diebold " on 11 / 06 / 2000 04 : 08 : 26 pm to : vince . j . kaminski @ enron . com cc : subject : re : your visit to enron vince , now that ' s an interesting idea - - the problem is that i don ' t really have any work yet , as i am just now beginning ! but yes , why don ' t i put a talk together as to what i ' m thinking about , why it ' s important , why existing methods may be inadequate , and how i think econometricians can contribute . does that sound ok ? f . vince . j . kaminski @ enron . com wrote : > frank , > > thanks a lot . are you planning to make a general presentation on your work > in the weather area ? if this is the case , i would > invite to our lunch meeting the traders from the weather derivatives > desk . > > vince > > " francis x . diebold " on 11 / 04 / 2000 08 : 47 : 41 am > > to : shirley . crenshaw @ enron . com > cc : vince kaminski > subject : re : your visit to enron > > shirley , > > the 21 st is perfect . i will go ahead and purchase my plane tickets . would > you > please make me a hotel reservation for the night of the 21 st ? > > many thanks , > > frank diebold > > shirley . crenshaw @ enron . com wrote : > > > good morning professor diebold : > > > > i am vince kaminski ' s assistant and he has forwarded your emails to me > > for scheduling purpose . unfortunately , we have a conflict on december > > 14 th . can you possibly come on the 21 st ? > > > > i hope you have not already made your reservations . if i can do anything > > to assist you , please let me know . > > > > best regards , > > > > shirley crenshaw > > administrative coordinator > > enron research group > > 713 - 853 - 5290 > > > > - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on > 11 / 03 / 2000 > > 09 : 29 am - - - - - - - - - - - - - - - - - - - - - - - - - - - > > > > vince j kaminski > > 11 / 02 / 2000 04 : 30 pm > > > > to : " francis x . diebold " @ enron > > cc : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect > > subject : re : visit ? ( document link : shirley crenshaw ) > > > > frank , > > > > dec 14 would be better for us . we have already scheduled > > an internal presentation on december 7 . please , go ahead and make a > > reservation . > > the best place to stay is hyatt regency downtown or doubletree downtown > > ( within a walking distance to enron ) . it is important to specify the > > downtown > > location for both hotels . > > > > vince > > > > " francis x . diebold " on 11 / 02 / 2000 03 : 00 : 49 pm > > > > to : vince . j . kaminski @ enron . com > > cc : > > subject : re : visit ? > > > > sounds good , vince . how about dec 7 ? the roundtrip coach fare , > regardless > > of > > airline , is about $ 1900 . i hope that won ' t break the bank . once i have > > your > > approval , i ' ll go ahead and book it . best , frank > > > > vince . j . kaminski @ enron . com wrote : > > > > > frank , > > > > > > yes , i would be very interested in meeting with you in houston in > > december . > > > the best day for visit would be thursday when my group has a lunch > > meeting > > > and you could meet the rest of the research unit . > > > > > > please , let me know what day would work for you . we shall be very glad > to > > > cover the cost of your trip . > > > > > > vince > > > > > > i > > > > > > " francis x . diebold " on 10 / 31 / 2000 01 : 01 : 11 pm > > > > > > to : vince kaminski > > > cc : > > > subject : visit ? > > > > > > hi vince , > > > are you still interested in my visiting for a day , perhaps in dec or > > > jan ? i have begun a project on unobserved - components modeling of > > > weather patterns , so it would be productive and fun to compare notes . > > > best , > > > frank > > > > > > - - > > > francis x . diebold > > > wp carey professor > > > > > > department of economics > > > university of pennsylvania > > > 3718 locust walk > > > philadelphia , pa 19104 - 6297 > > > > > > fdiebold @ sas . upenn . edu > > > http : / / www . ssc . upenn . edu / ~ diebold > > > > > > ( 215 ) 898 - 1507 telephone > > > ( 215 ) 573 - 4217 fax > > > > - - > > francis x . diebold > > wp carey professor > > > > department of economics > > university of pennsylvania > > 3718 locust walk > > philadelphia , pa 19104 - 6297 > > > > fdiebold @ sas . upenn . edu > > http : / / www . ssc . upenn . edu / ~ diebold > > > > ( 215 ) 898 - 1507 telephone > > ( 215 ) 573 - 4217 fax > > - - > francis x . diebold > wp carey professor > > department of economics > university of pennsylvania > 3718 locust walk > philadelphia , pa 19104 - 6297 > > fdiebold @ sas . upenn . edu > http : / / www . ssc . upenn . edu / ~ diebold > > ( 215 ) 898 - 1507 telephone > ( 215 ) 573 - 4217 fax - - francis x . diebold wp carey professor department of economics university of pennsylvania 3718 locust walk philadelphia , pa 19104 - 6297 fdiebold @ sas . upenn . edu http : / / www . ssc . upenn . edu / ~ diebold ( 215 ) 898 - 1507 telephone ( 215 ) 573 - 4217 fax | 0 |
Subject: re : invitation to 2001 energy finance conference - the university of texas at austin steve , no problem . it was a very short meeting ( most people were out ) . yes , i will be in houston during the week of the conference . see you in austin and in houston . vince steven leppard 01 / 19 / 2001 06 : 03 am to : vince j kaminski / hou / ect @ ect cc : subject : re : invitation to 2001 energy finance conference - the university of texas at austin hi vince i see you ' re speaking at the austin conference . will you be in the houston office during the earlier part of the week ? if so , i may look into arranging a trip out to meet you guys , and take in the conference too . sorry i didn ' t dial in to the updat emeeting on tuesday - i was delivering prc feedback to my team . steve - - - - - - - - - - - - - - - - - - - - - - forwarded by steven leppard / lon / ect on 19 / 01 / 2001 12 : 04 - - - - - - - - - - - - - - - - - - - - - - - - - - - " angela dorsey " on 10 / 01 / 2001 21 : 06 : 18 to : " angela dorsey " cc : " ehud ronn " , " sheridan titman ( e - mail ) " subject : invitation to 2001 energy finance conference - the university of texas at austin colleagues and friends of the center for energy finance education and research ( cefer ) : happy new year ! hope you all had a wonderful holiday season . on behalf of the university of texas finance department and cefer , we would like to cordially invite you to attend our : 2001 energy finance conference austin , texas february 22 - 23 , 2001 hosted by the university of texas finance department center for energy finance education and research dr . ehud i . ronn and dr . sheridan titman are currently in the process of finalizing the details of the conference agenda . we have listed the agenda outline below to assist you in your travel planning . each conference session will be composed of a panel discussion between 3 - 4 guest speakers on the designated topic . as supporters of the center for energy finance education and research , representatives of our trustee corporations ( enron , el paso , reliant , conoco , and southern ) will have the $ 500 conference fee waived . the conference package includes thursday evening ' s cocktails & dinner and hotel / ut shuttle service , as well as friday ' s conference meals , session materials and shuttle service . travel to austin and hotel reservations are each participant ' s responsibility . a limited number of hotel rooms are being tentatively held at the radisson hotel on town lake under the group name " university of texas finance department " for the nights of thursday , 2 / 22 / 01 and friday , 2 / 23 / 01 ( the latter evening for those who choose to stay in austin after the conference ' s conclusion ) . to guarantee room reservations , you will need to contact the radisson hotel at ( 512 ) 478 - 9611 no later than monday , january 22 nd , and make your reservations with a credit card . please let me know when you have made those arrangements so that i can make sure the radisson gives you the special room rate of $ 129 / night . please rsvp your interest in attending this conference no later than january 22 nd to angela . dorsey @ bus . utexas . edu , or ( 512 ) 232 - 7386 , as seating availability is limited . please feel free to extend this invitation to your colleagues who might be interested in attending this conference . center for energy finance education and research program of the 2001 energy finance conference february 22 - 23 , 2001 thursday , feb 22 : 3 : 00 p . m . reserved rooms at the radisson hotel available for check - in 5 : 30 p . m . bus will pick up guests at the radisson for transport to ut club * 6 : 00 p . m . cocktails , ut club 9 th floor 7 : 00 p . m . dinner , ut club 8 : 00 p . m . keynote speaker 9 : 00 p . m . bus will transport guests back to hotel friday , feb 23 : 7 : 45 a . m . bus will pick up at the radisson for transport to ut 8 : 30 a . m . session 1 - real options panelists : jim dyer , ut ( chair ) sheridan titman , ut john mccormack , stern stewart & co . 10 : 00 a . m . coffee break 10 : 15 a . m . session 2 - deregulation panelists : david eaton , ut ( chair ) david spence , ut jeff sandefer , sandefer capital partners / ut peter nance , teknecon energy risk advisors 11 : 45 a . m . catered lunch & keynote speaker 1 : 30 p . m . guest tour - eds financial trading & technology center 2 : 00 p . m . session 3 - risk management panelists : keith brown , ut ( chair ) vince kaminski , enron alexander eydeland , southern co . ehud i . ronn , ut 3 : 30 p . m . snack break 3 : 45 p . m . session 4 - globalization of the energy business panelists : laura starks , ut ( chair ) bob goldman , conoco ray hill , southern co . 5 : 15 p . m . wrap - up 5 : 30 p . m . bus picks up for transport to airport / dinner 6 : 30 p . m . working dinner for senior officers of energy finance center trustees * we have made arrangements to provide shuttle service between the radisson hotel and ut during the conference . however , if you choose to stay at an alternative hotel , then transportation to conference events will become your responsibility . * * * * * * * * * * * * * * angela dorsey assistant director center for energy finance education & research the university of texas at austin department of finance , cba 6 . 222 austin , tx 78712 angela . dorsey @ bus . utexas . edu * * * * * * * * * * * * * * | 0 |
Subject: wharton risk center advisory committee meeting june 14 , 2001 dear vince , attached please find a prelimary agenda for the wharton risk management and decision process center advisory committee meeting taking place june 14 , 2001 . howard kunreuther and paul kleindorfer co - directors for the center would like to extend to you the opportunity to serve as an advisory committee member . if you could kindly let me know your attendance status and if you are interested in serving as soon as possible i would be very grateful . we are presently working on the spring edition of the center ' s newsletter which always prints a list of members . we would like to add your name , title and company . thank you , theresa > ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 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 - agenda - draft . doc | 0 |
Subject: meeting with petronas rick , i was contacted by petronas who requested a meeting with enron on risk management . i have met with them a few years ago and they want to discuss with us their progress implementing risk management practices . can we arrange for them a standard presentation , like the one we have for banks ( you or david port , bill bradford , research ) ? unfortunately , they gave us no choice as far as the timing is concerned ( given a very tight schedule ) . they want to visit on thursday , feb . 8 , at 10 a . m . i shall take them out to lunch after the meeting . i shall also contact jeff shankman and john nowlan to arrange a short courtesy meeting with them . vince | 0 |
Subject: re : referral vince : according to alex , li xiao gave your email address to alex . did li xiao talk to you first about alex ? i don ' t know for certain . alex contacted you in march , interviewed once , but nothing came of it . after gary left , li xiao suggested to alex that he try again , and the rest is history . grant . vince j kaminski 02 / 15 / 2000 08 : 58 am to : grant masson / hou / ect @ ect cc : subject : re : referral grant , did li xiao refer alex to us ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 02 / 15 / 2000 08 : 57 am - - - - - - - - - - - - - - - - - - - - - - - - - - - linda vargo 02 / 14 / 2000 02 : 39 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : referral can you advise as to whether or not li xiao referred alex to you last summer . i need to know this in order to process an employee referral ( under old plan ) for her . - - - - - - - - - - - - - - - - - - - - - - forwarded by linda vargo / hou / ect on 02 / 14 / 2000 02 : 39 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - li xiao @ enron 02 / 14 / 2000 11 : 19 am to : linda vargo / hou / ect @ ect cc : subject : re : referral hi , linda , i wonder if you heard from vince kaminski regarding my referral for alex huang . thanks , li x 39635 - - - - - - - - - - - - - - - - - - - - - - forwarded by li xiao / corp / enron on 02 / 14 / 2000 11 : 12 am - - - - - - - - - - - - - - - - - - - - - - - - - - - linda vargo @ ect 01 / 17 / 2000 04 : 29 pm to : li xiao / enron _ development @ enron _ development cc : subject : re : referral i am waiting for feedback from vince kaminsky . as soon as i know something , i will advise . | 0 |
Subject: re : mec mark , one option is to talk to a number of physicists in my group who might be interested . vince enron investment partners from : mark lay 07 / 26 / 2000 07 : 57 am 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 | 0 |
Subject: karolyi dinner tonight i ' m writing to confirm our dinner plans with andrew karolyi for this evening . we have reservations for 7 pm at damian ' s , 3011 smith st . , 713 . 522 . 0439 dave * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * prof . david ikenberry jones graduate school of management rice university 713 - 348 - 5385 | 0 |
Subject: your approval is overdue : access request for tom . halliburton @ enron . com this request has been pending your approval for 2 days . please click approval to review and act upon this request . request id : 000000000003619 request create date : 9 / 27 / 00 9 : 18 : 21 am requested for : tom . halliburton @ enron . com resource name : unlisted application / software resource type : applications | 0 |
Subject: fw : eprm article hi vince , i ' m wondering if you got this last week ? if you could have a quick look and get back to me with any comments that would be great - robin is chasing me on this one ! best regards . chris . - - - - - original message - - - - - from : chris strickland to : sent : wednesday , december 06 , 2000 4 : 16 am subject : eprm article > hi vince , > > hope things are fine with you . i ' m sorry that i only ever write to you when > i ' m after something , but could you look at this simulation article - the > next installment in the eprm articles . > > many thanks and best regards . > > chris . > > > > - - - - - original message - - - - - > from : > to : ; ; ; > > sent : friday , september 08 , 2000 4 : 23 am > subject : re : var article > > > > les , > > > > the revised version of the var article looks fine . > > > > vince > > > - eprm _ 04 _ sim _ mr . zip | 0 |
Subject: uk gas desk hi vince & stinson , for your information , jonathan whitehead is moving to the japan opportunity - tomorrow is his last day as head of uk gas trading . the new head of uk gas is moving over from continental trading team , and his name is david gallagher . regards , anjam x 35383 | 0 |
Subject: re : approval for restricted websit : web _ research _ pub approved . vince kaminski information risk management 05 / 02 / 2000 09 : 04 am to : vince j kaminski / hou / ect @ ect cc : subject : approval for restricted websit : web _ research _ pub per kevin moore , please approve elena chilkina ' s access for the following restricted website : web _ research _ pub . thank you , information risk management ( et ) - - - - - - - - - - - - - - - - - - - - - - forwarded by information risk management / hou / ect on 05 / 02 / 2000 09 : 05 am - - - - - - - - - - - - - - - - - - - - - - - - - - - security resource request system directory line item pending access processing directory name : website : web _ research _ pub service type : grant expiration date : comments : will send to vince kaminski for approval . security processing processing status : e - mail message : comments / justification : general information request : kgme - 4 jtf 4 c requested by : kevin g moore / hou / ect phone : 713 / 853 - 4710 requested for : elena chilkina / hou / ect employee type : company : 100038 rc # : 0011 priority : high comments / justification : she will need the same as michael sergeev . a few has been listed there may be some others that are not listed . please apply . editing history ( only the last five ( 5 ) are shown ) edit # past authors edit dates 1 information risk management 05 / 02 / 2000 09 : 03 : 15 am | 0 |
Subject: contact info . during my vacation cell : 011 - 91 - 984 - 9022360 ( try this first ) hyderabad : 011 - 91 - 40 - 7114833 vijayawada : 011 - 91 - 866 - 430928 ( dec 28 - jan 8 ) bombay office : 011 - 91 - 982 - 1038711 also , i will be checking my email regularly ( as long as i can get the connected ) . have a great christmas and holidays . i will see you all in the new year ! best wishes krishna . | 0 |
Subject: re : high - end desktop computing ? shirley , yes , it will be a swap of one machine for another . vince shirley crenshaw 03 / 17 / 2000 12 : 17 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : high - end desktop computing ? vince : is this ok to order ? - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 03 / 17 / 2000 12 : 17 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - clayton vernon @ enron 03 / 17 / 2000 09 : 34 am to : mark davidson / corp / enron @ enron , shirley crenshaw / hou / ect @ ect cc : subject : re : high - end desktop computing ? mark - shirley will order an 800 mhz machine with 512 mb of ram , and a large ( 17 " + ) flat - screen monitor for me . clayton mark davidson 03 / 17 / 2000 08 : 52 am to : clayton vernon / corp / enron @ enron cc : shirley crenshaw / hou / ect @ ect subject : re : high - end desktop computing ? clayton - sorry it took so long to get back to you . there are a couple of things to keep in mind : - enron it supports enron equipment . - all equipment must be purchased through " enron it purchasing " our current high end desktop is a 800 mhz pentium iii machine with 128 m of ram . you can bump up the ram to whatever you feel is appropriate . when the lghz processors come out ( in the very near future ) that will become our standard . what we want to avoid is getting equipment that we do not have a image for . the " image " is the complete package of software that we put on a machine when it is deployed . if you go out and buy a machine that we do not have a image for , we can ' t support it for a multitude of reasons . hopefully this answered your questions / concerns . if not , please call me so that we can discuss this further . thanks mark davidson x 39038 clayton vernon 03 / 14 / 2000 03 : 39 pm to : mark davidson / corp / enron @ enron cc : subject : high - end desktop computing ? mark - i have developed a model for enron that requires ultra - high - end pc performance ( it does many calculations in excel ) , and my boss has authorized me to buy whatever pc i need . i ' m looking at the compaq 850 , but richard ( our floor rep ) says no pc ' s over the 600 series will be supported by it . i need to resolve this issue ; we are sophisticated buyers , we know the type of machine we want , and we have the money to pay for it . sincerely , clayton vernon manager , research | 0 |
Subject: ieor monday seminar - october 23 , 2000 ? ? industrial engineering and operations research monday seminar ieor 298 - 1 - fall 2000 monday , october 23 , 2000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - " volatility of electricity prices - measurement and analysis of underlying causes " dr . vincent kaminski managing director and head of research for enron corp . ? abstract : the last three years were characterized by exceptionally high volatility of the power prices in the us markets . the market developments have created a number of unique challenges for energy industry economists . one immediate question we have to answer is how to measure volatility of energy prices . although we can all agree that the prices in the power markets are characterized by high variability , the traditional measures used in financial economics ( annualized standard deviation of log price returns ) may not fit well electricity prices . the second challenge is to explain the sources of high price volatility and to answer the question to what extent it can be attributed to problems that can be addressed in the long run . such problems include flaws in market design that allow some market participants to abuse market power , limited availability and / or unequal access to transmission , temporary shortages of generation capacity . some factors underlying high volatility of electricity prices may be of permanent nature and may be a necessary price to pay for increased market efficiency and expanded customer choice . time and location : 3 : 30 - 5 : 00 p . m . - 3108 etcheverry refreshments : 3 : 00 p . m . - 4 th floor hallway | 0 |
Subject: dr . rafael campo good morning , ? i have attached a press release that may be of interest to you . ? if you have any questions regarding it , or if we can be of assistance in any other way , please call me directly at 972 - 245 - 8300 . ? thanks and best regards , katheryn stalker ? risk limited corporation box 612666 ? ? dallas , texas 75261 ? ? usa ? ? ? tel : 972 . 245 . 8300 ? ? fax : 972 . 245 . 8318 ? ? ? www . risklimited . com - press release dr . rafael campo 5 - 2 - 01 . doc | 0 |
Subject: re : visit to enron fyi vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 05 / 01 / 2000 09 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - - nick bambos on 05 / 01 / 2000 04 : 26 : 30 am to : vince . j . kaminski @ enron . com cc : subject : re : visit to enron vince , how are you ? hope all is well . is there any chance we can schedule my visit to enron on friday , may 19 , or friday , may 26 ? by the end of april i was able to attract a top new student to work on the project . the other one for the coming year will be giuseppe . by spending the summer at enron , he will be in a position to bring the new one up to speed and create an intellectual team here at stanford to look at these problems . i must move ahead soon to put the project in place and get the work going . talk to you soon , nick vince . j . kaminski @ enron . com wrote : > > nick , > > we can close the loop on our commitment to support the research projects > before your visit to enron . > > my assistant , shirley crenshaw , will call you to set up a conference call > with me , stinson gibner , > and tom gros from enron broadband services to discuss all the isssues . > friday this week would work for > both tom and me . i think we need about 15 minutes . > > vince > > p . s . shirley , nick ' s phone number is 650 796 8163 ( cell ) , 650 - 725 - 5525 > ( office ) . > > nick bambos on 03 / 12 / 2000 05 : 32 : 35 pm > > to : vince . j . kaminski @ enron . com , bambos @ stanford . stanford . edu > cc : > subject : visit to enron > > hello vince , > > it was nice seeing you at stanford and many thanks for the lunch > we had together . i really enjoyed our discussions , both at the > technical level and otherwise . > > i promised to send you an e - mail regarding possible dates for > a visit to enron . i delayed it for a week till my schedule was > clearer . let ' s see if we can get a match with your schedule - > mine is rather terrible : > > friday , 21 st of april looks good . but april 23 rd is easter > sunday , so that may make it difficult for some people at enron > to be around . let me know if that is the case . i am willing to > visit then , because the week after that i am scheduled to be in > japan and in the previous weeks i am all committed on fridays . > > friday , 19 th of may is the next possibility , but this probably > is too far out . the main problem is that i am operating within > a window of opportunity for attracting top students for this > research . this window closes by the end of april , and it would be > important for the student support funds to be in place then , so > that i can make hard commitments to students and attract top > talent . i am already reviewing files of students who have > approached me for phd advising , and i am in a mode of doing " soft > commitments to star - level students " to get this research and its > potential on their radar screen . top students are highly sought > after by advisors and i want to be an early player in this > competition . > > does my visit to enron have to happen before we can set up the > project and student support at stanford ? if so , doing it before the > end of april is important for getting top people . if the visit can > happen after we get the ball rolling , then we can schedule it in may . > i assume there will be multiple visits both ways when the project gets > going . please let me know what you think . > > best regards , > > nick | 0 |
Subject: re : alp presentation christie , what about the invitation to dinner for gillis and whitaker ? vince christie patrick 04 / 10 / 2001 06 : 01 pm to : mgillis @ rice . edu , grwhit @ rice . edu cc : vince j kaminski / hou / ect @ ect , steven j kean / na / enron @ enron subject : alp presentation president gillis and dean whitaker , enron would be honored with your presense at the presentation set forth below . under the guidance of vince kaminski and his team here at enron , we are thoroughly enjoying working with this group of bright and enthusiastic rice students . we hope you can join us for the culmination of their significant efforts . please let me know - - thanks ! ! - - christie . - - - - - - - - - - - - - - - - - - - - - - forwarded by christie patrick / hou / ect on 04 / 10 / 2001 05 : 52 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 04 / 10 / 2001 08 : 13 am to : barrett @ rice . edu , uecker @ rice . edu , cmiller @ rice . edu , lounghrid @ rice . edu , luigical @ rice . edu cc : vince j kaminski / hou / ect @ ect , christie patrick / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , kenneth parkhill / na / enron @ enron subject : alp presentation on behalf of enron corp . i would like to invite you to an alp project presentation by a group of students of jesse h . jones graduate school of management , rice university . the students will present the results of a research project regarding electronic trading platforms in the energy industry . the presentation will be held on may 7 , at 4 : 00 p . m . at enron , 1400 smith . we would also like to invite you to dinner , following the presentation . vince kaminski vincent kaminski managing director - research enron corp . 1400 smith street room ebl 962 houston , tx 77002 - 7361 phone : ( 713 ) 853 3848 ( 713 ) 410 5396 ( cell ) fax : ( 713 ) 646 2503 e - mail : vkamins @ enron . com | 0 |
Subject: re : summary spreadsheet for data vendor research and model development hi , fyi here is an updated spreadsheet summarizing the data vendor research and model development . please let me know if any thing is missing , wrong , should be deleted , etc . thanks , iris - - - - - original message - - - - - from : salmon , scott sent : monday , april 09 , 2001 2 : 15 pm to : dhar , amitava cc : mumford , mike ; kirkpatrick , eric ; mack , iris subject : re : data for private firm model great work iris ! this gets us heading down the right direction and we ' ll have some project scope documentation asap . cheers , scott amitava dhar 09 / 04 / 2001 19 : 25 to : scott salmon / eu / enron @ enron , mike mumford / lon / ect @ ect , eric kirkpatrick / eu / enron @ enron cc : iris mack / enron @ enronxgate subject : data for private firm model the enclosed spreadsheet contains a summary of preliminary data search plan prepared by iris . we will talk about further progress during our conf . call on wednesday . > | 0 |
Subject: recruiting at cmu computational finance program vince , thanks for the prompt reply . i ' ll plan to call early next week . rick - - - - - original message - - - - - from : " vince j kaminski " to : " rick bryant " cc : " vince j kaminski " ; " kevin kindall " sent : friday , july 28 , 2000 9 : 05 am subject : re : recruiting at cmu computational finance program > > > rick , > > thanks for your message . i am familiar with the computational finance program > and value its high quality . > > please , call me next week . the best time is between 7 : 00 and 8 : 30 a . m . > cst . > > vince > > > > > > > > " rick bryant " on 07 / 26 / 2000 01 : 27 : 23 pm > > to : vince j kaminski / hou / ect @ ect > cc : " kevin kindall " , " ken keeley " , > " sanjay srivastava " > subject : recruiting at cmu computational finance program > > > > vince , > > greetings ! i am the director of the ms in computational finance program at > carnegie mellon . i am following up on a conversation i had with kevin > kindall , a graduate of our program , who gave me your e - mail address and > suggested i contact you as the individual making the recruiting decisions > for the research group at enron . > > in speaking with the director of the career opportunity center at the > business school , i am told that although an alison bailey from enron > ( mary . alison . bailey @ enron . com ) has arranged for a sizable block of rooms in > which to conduct interviews on campus on december 11 th , there is as yet no > indication of whether the comp finance students will have opportunity to > compete for these spaces . > > we are regarded by many in the industry as the top quantitative finance > program in the country . focused on derivative pricing , econometrics , var > and portfolio management , our graduates should be an excellent fit for your > business . i would be happy to talk with you further about our > rogram ( http : / / student . gsia . cmu . edu / mscf / ) as well as our students ' interest > in enron ( the name comes up a lot ! ) . also , if you are interested , we run a > " speaker series " on most friday ' s during the fall and spring that would > give you ( or another in your group ) the opportunity to address our students > in an area of interest . such a meeting would , i think , help you better > understand the careers our students are preparing to pursue as well as give > our students first hand knowledge of enron and its future . > > when might be a good time to contact you by telephone ? > > thank you for your time . > > rick > > richard l . bryant > director , computational finance program > carnegie mellon university > graduate school of industrial administration > pittsburgh , pa 15213 > phone / fax ( 412 ) 268 - 4592 / ( 412 ) 268 - 6837 > http : / / fastweb . gsia . cmu . edu / mscf > > > > > > > > > > | 0 |
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 | 0 |
Subject: enron opportunities dr . kaminski : ? here is my resume and cover letter . ? thanks , ? richard iles - enron cover and resume . doc | 0 |
Subject: re : training courses shirley , no problem . vince shirley crenshaw 03 / 13 / 2000 12 : 08 pm to : vince j kaminski / hou / ect @ ect cc : subject : training courses vince : kevin moore and jose marquez would like to take a course entitled " wellhead to burnertip " which is scheduled monthly . the first course available would be may 18 th and the cost would be $ 600 . 00 each . is this ok ? thanks ! | 0 |
Subject: re : storage model : simple issues brad , here are my thoughts on your concerns . * you needs curve inputs . this is an it job . i can help you for the curves before the system is properly set up . * intrinsic value vs time value : the intrinsic value depends on how you allocate the volumes . if you have a rough idea about the allocation as you did in the spreadsheet , we can calucate the intrinsic value within the model . the difference between the total and the intrinsic will be the ( option ) time value . however , by pre - allocating volumes , you killed some options . in the storage model , volumes are allocated dynamically , therefore it is hard to distinguish the intrinsic vs . time value . * factor of loading : factor of loadings are used to give historical correlation matrix . the three factors correspond to paralle shift , slopping and curveture . the covariance matrix in the model is expressed in the form covar = row ( vol _ { i } ) * ( correl ( i , j ) ) * colum ( vol _ { j } ) where vols are the implied volatilities from the vol curve . ( correl ( i , j ) ) = l * l ' + residue ( small ) where l is the factor of loading matrix . so in a simple words , the factor of loadings ( say , 60 x 3 ) are a simplier way for us to remember the historical correlation matrix ( say , 60 x 60 ) . let me know if i can offer further help . zimin brad horn 02 / 15 / 2000 07 : 15 am to : zimin lu / hou / ect @ ect cc : sandra henderson / hou / ect @ ect subject : storage model : simple issues zimin : thanks for your time with the revised storage valuation . your right to point out the similarity to market bids . here are some basic questions tied to implementation and calibration : model infrastructure / it support : i obviously need to re - build my link to the forward curves as the model is not working in my new location . short - term ( aprox 1 month ) , i ' d like to establish a link to the ena database egsprod 32 in order to fetch the long - dated price and volatility curves . my link to ena forward curves would then be quickly severed in favor of the curves generated by the new bridgeline entity ( database name and data structure yet to be defined ) . however , its not clear to me what is required in this two stage process to support your model . any definition of model input or minimum support requirements you provide is appreciated . i ' ll then work with sandra henderson , an enron employee providing our it support , to ensure the model continues to work regardless any downstream system changes that may take place as we build and establish our separate trading systems or databases . meanwhile , is there anything you think you can do to ensure im up and running quickly ? sandra : linking excel spreadsheets to bridgeline forward curves will be key to all our pricing projects , not just the storage model supplied by research . intrinsic vs extrinsic value : it would be helpful to decompose the model ' s calculated storage price and to distinguish intrinsic vs extrinsic ( time or option ) value . i could easily link a new spreadsheet tab to your model inputs and to calculate the intrinsic value , and then through a simple difference i could determine the extrinsic value . ive included a simple spreadsheet calculation for the intrinsic value for review . i wanted to share this with you to ask the following : does the nature of the model define intrinsic and extrinsic value differently than the simple difference proposed ? do you think it would make sense to do the simple value decomposition in the backcode c - code via . dll in order to ensure run - time is faster ? my goal here is straightforward : a ) to better understand the model and its sensitivities . ; and b ) to determine if and when the option approach is associating significant value above and beyond the simple present value of the time spreads . factor loadings : what are some of the thoughts or insights you can offer with regards to factor loadings and how i should interpret the graph of the 3 factors calculated ? factor loadings have always been a mystery to me . for example , what problems should i be looking for as a warning against mispricing ? what , if anything , is implied about 1 day price change or expected curve re - shapings ( after all , curve - reshapings are key to storage valuation ! ! ! ) ? calibration : we are preparing a simple summary of descriptive statistics which should allow me to refine some of the model inputs . i ' ll share the data when we are and model results once im up and running . | 0 |
Subject: credit support value for mg and paperco find below a spreadsheet with my very rough calculation of the value of credit support for mg and paperco . my approach is as follows : 1 . assume all contracts can be modelled as financial swaps . 2 . spread the notional trading volumes over the estimated swap tenors . 3 . calculate the value of defaulting at each period of the swap ( the default option ) using black ' s formula . 4 . treat the value of the default options as risky cash flows . that is treat this value just like you would an annuity stream . by discounting back this stream of cash flows at the original risky rate and at the risk - reduced rate , i find the value of credit enhancement as the difference in the two npv ' s . please give your comments , especially if this makes no sense to you . stinson | 0 |
Subject: energy finance critiques david , here are the reviews of the ut energy finance program that you requested : from jennifer martinez ( mba class of 1999 , energy finance taken fall of 1998 ) : the energy finance program 2 years ago was very good , especially considering it was the first year of the program . there were a lot of guest speakers from various energy companies who gave us a lot of practical knowledge about the energy industry through case studies , lectures , etc . basically , we learned all the same finance concepts and tools as in the regular finance classes , but all the cases and examples were energy - related . the professors were good for the most part but didn ' t have a great deal of practical industry experience . if i had to guess the reason for decreased participation in the program , i would probably say it is the professors . ronn and titman are great but known as being very technical and quantitative . some students prefer less technical professors and classes that aren ' t limiting to the energy industry . also , the fact that the class meets for 3 hours twice a week may not be so appealing . other than those things , i can ' t imagine why there has been such a drop in enrollment . i especially don ' t understand why every single person didn ' t drop for enron . i wonder if it has something to do with international status . ? ? ? from john massey ( mba class of 1999 , energy finance taken fall of 1998 ) : bottom line - ut business schools is great - investment fund - best activity available to students energy finance program - fairly weak - it was a watered down version of the futures options class crossed with a weak finance appendage - the finance teacher was pathetic - both a poor teacher , ignorant about industry specific analysis , devoid of industry experience , rude to outside lectures ( from industry ) keith brown was the only educator that was any good and he only had a small portion of the class time - way to make better : get teachers with practical industry experience - make it a seminar class - focus on case studies , lectures - given by people from industry - promote the class within the business school - i felt like ut did a poor job of internally ( to students ) promoting the class - - - - - - - - - - - - from ross mesquita ( mba class of 1999 , energy finance taken fall of 1998 ) : to be honest , a great majority of the coursework was not energy specific . when energy applications were presented , it seemed more like general finance questions were reworded to include energy lingo . we had some very good speakers , but for the most part , i did not feel like the 6 hours of class had enough energy focus . i assumed that this would get better as the program progressed . one reason that may account for the decline in enrollment is that energy finance is a very specific focus . i would have probably not enrolled in the energy finance program had it been available in my first year . i did not know enough about energy at that time and i had returned to b - school to consider several career options - - i . e . , investment banking , corporate finance , entrepreneurship , marketing , etc . as a new mba student , i would not want to narrow my window of opportunities to only energy companies . here is my perspective and probably something that is true of many mbas - - my interest in enron brought me to the energy industry and not vice versa . - - - - - - - - - - from billy braddock ( mba class of 1999 , energy finance taken fall of 1998 ) : i was a participant in the inaugural energy finance program in the fall of 1998 . the primary positives to the class revolved around outside panels / instruction . for example , enron sent representatives on 2 separate occasions to discuss particular topics ( vince kaminski and gary hickerson ) . other notable speakers were jeff sandefer ( independent business consultant and e & p professional ) , the beacon group , and encap investments . another good speaker was a professor from ut ' s school of engineering . he brought a good perspective as to the " basics " of the energy business . the class was structured via a team - based instruction approach , with 3 professors team - teaching a 6 - hour credit course . none of the 3 professors had any product knowledge of the energy business . of the 3 professors , 2 were research focussed / tenured with little credibility in " teaching . " one of the professors primary focus of research was fixed income , while the other 2 were investments and corporate finance , respectively . as is the case for ut ' s finance program in general , and energy finance in particular , ut is in dire need of teaching professors ( as opposed to research professors ) that have the ability to convey finance with practical examples and at a level that can be more easily be understood by students without a finance background . particular to the energy program , ut needs to have more instruction from energy professionals ( such as the instructors used for enron ' s internal learning programs ( ie . derivatives classes , etc . ) . - - - - - - - - - - - - - - - - - - - - - - - from bryan williams ( mba class of 1999 , energy finance taken fall of 1998 ) : i participated in the first energy finance class offered in fall of 1998 , at the university of texas . the curriculum was understandably & rough around the edges 8 as 1998 was the first year the energy finance course was offered . however , the instruction also suffered as none of the instructors had any energy background to speak of ( the 6 - credit hour class was team taught by three tenured professors ) . two of the three professors have co - authored textbooks , and the third professor , s claim to fame is fixed income . as a group , the three professors are research - heavy ( as opposed to industry focused ) , and the team - teaching format did not incent any one of the profs to be personably accountable for the success of the class . that said , the instructors did a good job attracting some top notch outside speakers . among them : vince kaminski & gary hickerson , both of enron . they also dedicated one class period to a video conference call with the beacon group , an energy consulting group that i believe was recently acquired by goldman . jeff sandefer , an independent businessman , an entreprenuership instructor , and one of the foremost experts in the e - there are some experienced , brand - name professors ( e . g . sheridan titman ) teaching in the program ; cons : - the program should give the students more exposures to energy companies such as enron . specifically , it might need to help students link to the interview oppurtunites from these energy companies such as enron ; from george huan ( mba class of 2000 , energy finance taken fall of 1999 ) : companies expect mba students to have both general management ( new ideas ) and analytic ( quantative ) skills . energy industry is no exception . energy finance program offers financial strategy and risk managements courses which fit in the insudtry need . however , these two courses are far from enough to help students understand the dynemic of industrial transformation and excitements and opportunities in this industry . other management and quantitive courses are needed to complete this program . my suggestions : 1 ) seminars or lectures about energy industry and energy companies . before students make their decisions , let them know : what ' s happening and what ' s going to happen in this industry ; what the companies are doing now ; who they are looking for . 2 ) management and / or analytical courses should be included . such as : strategy , financial enginering and real option . 3 ) more industry connections . presentations and discussions . - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - from charlie weldon ( mba class of 2000 , energy finance taken in fall of 1999 ) my experience in the energy finance program overall was a positive experience . the most rewarding part of the class was the guest speakers brought in during dr . titman ' s portion of the class . this part of the course is taught in the second half of the semester and consisted of ~ 10 case classes all focusing on the energy industry . two of the cases were based on enron , and overall the case selection in my opinion was very appropriate and well thought out . value added by the professor was less than from the speakers and cases . the first eight weeks of the course covered futures and options . nearly all of the examples and problems discussed pertained directly to the energy industry and special emphasis was placed on increasing the student ' s understanding of the supply and demand dynamics in the power market . the use of options and futures for speculating and / or hedging was stressed on numerous occasions and a decent attempt at explaining how to value a power plant project . i believe that the university energy finance faculty are trying to continuously make improvements to the program . however , i do not believe that they are moving fast enough or necessarily down the right path to improvement . there is a strong need for more practical based training on energy derivatives similar to the course taught by paradigm here at enron . the focus of the university teachers is quite theoretical , due in large part to their background . while the theoretical basis is crucial to understanding the basics , the real value of such a program in my opinion is the effective bridging of the theoretical with the practical all in one course . until measures are taken to inject practicality from someone with extensive industry experience , i believe the energy finance program will continue to underdeliver on its objectives . additionally , i believe that the course structure should be changed to eliminate the need of having 3 consecutive hours of classroom instruction . | 0 |
Subject: technical analysis more fallout - - - - - - - - - - - - - - - - - - - - - - forwarded by mike a roberts / hou / ect on 05 / 04 / 2001 03 : 03 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : lee ferrell / enron @ enronxgate on 05 / 04 / 2001 02 : 26 pm to : mike a roberts / hou / ect @ ect cc : subject : technical analysis mike , our department has been using your technical analysis to support commercial decisions . you stated that these services would be discontinued . we opted to use your technical analysis in lieu of outside services . please continue to provide technical analysis data with regard to natural gas ( candlestick and elliot wave ) . lee ferrell director , risk management and reporting ets | 0 |
Subject: approval for reviewer krishnarao , pinnamaneni v has suggested reviewers and submitted them for your approval . your may review / modify this list of reviewers by logging on to pep at http : / / pep . corp . enron . com and going to supervisor services . please remember , no feedback can be completed on krishnarao , pinnamaneni v until you have approved the list . | 0 |
Subject: re : mg integration support - daily update # 6 hi richard , lloyd fleming introduced me to the key personnel on the trading and risk side at mg today ; i spent most of today discussing forward curves and option volatilities with tim jones , russell plackett and jon barrett . i hope to be able to get historical data from david thompson to facilitate forward curve analysis for our var models . also discussed valuation issues ( e . g . option on calendar spread that they need a model for ) . also was able to get a good understanding of trading strategies and nuances of aluminum , copper and nickel markets . regards , anjam x 35383 richard sage 04 / 07 / 2000 02 : 37 to : stop : mike jordan / lon / ect @ ect , andrew cornfield / lon / ect @ ect , naomi connell / lon / ect @ ect , stephen wood / lon / ect @ ect , tim poullain - patterson / lon / ect @ ect , andrea m kerch / lon / ect @ ect , janine juggins / lon / ect @ ect , lloyd fleming / lon / ect @ ect , tim davies / lon / ect @ ect , david hardy / lon / ect @ ect , barry sangster / lon / ect @ ect , robert campbell / lon / ect @ ect , alex holland / lon / ect @ ect , michael heap / lon / ect @ ect , phil redman / lon / ect @ ect , fiona grant / lon / ect @ ect , toby knight / lon / ect @ ect , melissa laing / lon / ect @ ect , jeanie slone / lon / ect @ ect , beth apollo / lon / ect @ ect , mark pickering / lon / ect @ ect , suzanne lane / lon / ect @ ect , stephen evans / lon / ect @ ect , niamh o ' regan / lon / ect @ ect , anjam ahmad / lon / ect @ ect , fernley dyson / lon / ect @ ect , eric gadd / lon / ect @ ect cc : subject : re : mg integration support - daily update # 6 deal entry the need for 3 data - entry clerks becomes clearer when we understand that between 200 and 2000 manual deal tickets are written each day which then have to be keyed in . romulus the trading assets of rudolf wolff in london and new york were bought after close of play on friday . included with the metals trading is a proprietary fx desk , and a softs desk , trading coffee , cocoa , and sugar . the softs people are expected to arrive in enron house at the end of july . eol two metals trades have been executed on eol . | 0 |
Subject: re : for your approval erica , yes , no problem . vince information risk management 12 / 01 / 2000 09 : 50 am to : gary taylor / hou / ect @ ect , vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect cc : subject : for your approval please let me know if he is approved . thanks , erica garcia - - - - - - - - - - - - - - - - - - - - - - forwarded by information risk management / hou / ect on 12 / 01 / 2000 09 : 39 am - - - - - - - - - - - - - - - - - - - - - - - - - - - security resource request system directory line item pending access processing directory name : o : \ weather derivatives \ , o : \ research \ common service type : grant expiration date : comments : security processing processing status : e - mail message : comments / justification : general information request : jhrc - 4 rkjjz requested by : joseph hrgovcic / hou / ect phone : 33914 requested for : joseph hrgovcic / hou / ect employee type : company : 0011 rc # : 100038 priority : high comments / justification : i have a test windows 2000 machine running ( with userid t _ weatherol , for which i need access to o : \ research \ common and o : \ weather derivatives \ editing history ( only the last five ( 5 ) are shown ) edit # past authors edit dates 1 information risk management 11 / 30 / 2000 12 : 30 : 19 pm | 0 |
Subject: latest draft don , attached is my latest effort . it entailed fairly drastic " restructuring and reorganization " of the earlier draft . my revision effort has been directed at improving the focus of the paper . the new story is the following : 1 . enron was formed as a regulated gas pipeline company in the mid - eighties . 2 . economic and competitive conditions conspired to force a dramatic reorganization of the company almost immediately . the result was the creation of a new , unregulated energy trading operation . the strategy of the new unit was to capitalize on business opportunities in the deregulation of markets that was occuring at the time ( mid - eighties until now ) . 3 . the business model adopted for the new unregulated business was that of a " gas bank " . the analogy to a commercial bank posed a very difficult problem to enron ' s management in that there was no source of liquidity to the market from a central bank authority . as a consequence enron had to develop its own very elaborate risk management procedures . 4 . another consequence of the new business model was that it required a different set of employee skills and talents . specifically , it required were bright , energetic and innovative individuals capable of identifying entrepreneurial opportunities and starting new businesses . furthermore , a new , flatter organizational structure entailing decentralized decision making was required to facilitate quick response to changing market conditions . to monitor and manage this new " empowered " labor force required that the firm develop new personnel policies and procedures . 5 . three primary tools of personnel management were adopted : ( i ) measure performance semi - annually , ( ii ) tie compensation closely to performance , and ( iii ) allow personnel free movement within enron to seek out the best opportunities . 6 . other attributes of the enron model include consideration for asset optionality , recognition of the value of networks in adding value to trading platforms , and the use of mark - to - market accounting for business transactions as a means of ensuring transparency and promoting prompt actions . if my " story line " sounds better than the draft i have attached its because its the last thing i ' ve written . at any rate i look forward to hearing your comments and to getting this wrapped up . thanks and i look forward to seeing you in february . john - enron _ paper _ 1 _ 26 _ 01 . doc 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 | 0 |
Subject: re : hello sounds great - - i ' ll coordinate with shirley . jacob was very excited about his prior meeting with you and the group . molly - - - - - original message - - - - - from : kaminski , vince sent : tuesday , may 01 , 2001 4 : 42 pm to : magee , molly cc : kaminski , vince ; krishnarao , pinnamaneni ; watson , kimberly subject : re : hello molly , kim watson would like us to bring jacob for another interview . we can do it later this week . vince vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 05 / 01 / 2001 02 : 22 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : kimberly watson / enron @ enronxgate on 05 / 01 / 2001 09 : 17 am to : vince j kaminski / hou / ect @ ect cc : subject : re : hello hi vince , if you are still interested in bringing back this gentleman back for another interview , i would very much like to meet with him . sean talked with him when you brought him in a few weeks ago and he thought it would be a good idea for me to meet with him so we can compare thoughts . thanks , kim . - - - - - original message - - - - - from : kaminski , vince sent : monday , april 16 , 2001 1 : 21 pm to : watson , kimberly cc : krishnarao , pinnamaneni ; kaminski , vince subject : re : hello kim , this is a letter from one of the job applicants who works for pros . it seems that the system they develop for williams is more a scheduling system . would you like to ask him to come back for another interview , to get more information out of him ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 16 / 2001 01 : 18 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - > " jacob y . kang " on 04 / 11 / 2001 11 : 18 : 44 pm to : vince . j . kaminski @ enron . com cc : subject : re : hello dear vince : it was so nice meeting and talking with you too . i did not take any pen back , i lost my pen too somewhere in enron . as i mentioned to you , after i got my ph . d in 1999 , i have been working two years as lead scientist and science manager in energy division at pros revenue management inc . in houston . i developed and implemented the mathematical models for trading optimization system and firm transportation optimization system . the trading optimization system becomes the most popular product in the industry this year . duke energy just signed the contract to buy this product yesterday . conoco and williams also signed the contracts for it . according to pros sales department , the potential marketer to buy this product exceeds 15 companies in one or two years . enron is the ideal place for me to continue my research and system developing efforts to combine revenue management with risk management . i am confident that i can make significant contributions to enron in this area . i would like to thank you again for giving me this opportunity to come to enron for this interview . i am looking forward to having the opportunity to work in enron . sincerely yours jacob - - - vince . j . kaminski @ enron . com wrote : > jacob , > > it was nice meeting you . did take by any chance > my pen ? if not , i apologize . > > vince > do you yahoo ! ? get email at your own domain with yahoo ! mail . http : / / personal . mail . yahoo . com / | 0 |
Subject: faculty contact and schedule persentation 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 | 0 |
Subject: your riskmetrics site password dear , thank you for registering . your requested username is vincek and your password is longrun . you may use this login to : - use the data directory at http : / / www . riskmetrics . com / products / data / index . cgi - access the creditmetrics datasets at . html - access the riskmetrics datasets at tml - read our technical documents at - read our monitors at http : / / www . riskmetrics . com / research / journals / index . cgi - read risk management : a practical guide at please let us know if you have any questions or concerns , rmg web services web @ riskmetrics . com | 0 |
Subject: complexity science seminar confirmation confirmation date : april 18 th , 2001 time : 11 : 30 am - 1 : 30 pm location : koch industries 20 e . greenway plaza conference room 1 dress is business casual . parking is free . there is parking available in the koch building or across the street in a lot . lunch will be provided and is scheduled to start at 11 : 15 am . please feel free to pass along the word to anyone you think might like to join us . information can be found on our website at http : / / www . nesanet . org / or the can contact me at ( 713 ) 856 - 6525 with any questions . thanks , lana moore | 0 |
Subject: re : cplex floating license samer ' s suggestion makes a lot of sense . we can start with something like one floating dev . license + 2 opl licenses and buy more later based on actual usage . on the pricing agreement , it probably makes sense to get a guarantee on the discounts for additional licenses for one year ( or till dec . ) . i am definitely interested and can provide the share of funding necessary from my clients . thanks , krishna . from : samer takriti @ enron communications on 05 / 19 / 2000 11 : 14 am to : ravi thuraisingham / enron communications @ enron communications cc : chonawee supatgiat / corp / enron @ enron , pinnamaneni krishnarao / hou / ect @ ect @ enron , samer _ takriti @ enron . net , stinson gibner / hou / ect @ ect @ enron , tom halliburton / corp / enron @ enron , vince j kaminski / hou / ect @ ect 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 | 0 |
Subject: re : information dear mr kaminski : thank you very much for your help . sincerely , yann - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : tuesday , november 21 , 2000 10 : 05 am to : ydhallui @ elora . math . uwaterloo . ca cc : vince . j . kaminski @ enron . com subject : re : information yann , i have forwarded this request to a member of my group who supports enron broadband services . he will check into availability of data and confidentiality issues . vince | 0 |
Subject: re : telephone interview with the enron corp . research group hello yong cho : sorry it has taken me so long to get back with you . thursday , may 4 is a good time for the telephone interview . would 3 : 30 pm ( houston time - 1 : 30 pm california time ) be ok with you ? please let me know . they will call you at 408 - 541 - 3502 . the position title is : sr . specialist . thanks and have a great day ! shirley crenshaw 713 - 853 - 5290 yongcho 70 @ aol . com on 04 / 27 / 2000 02 : 59 : 19 pm to : shirley . crenshaw @ enron . com cc : subject : re : telephone interview with the enron corp . research group dear shirley crenshaw , hi . this is yong cho . i ' m very excited to have the interview offer from enron . either 5 / 1 or 5 / 4 will do . if i should choose one , i prefer 5 / 4 . i ' m in my office from 10 am - 6 pm ( pt ) . you can set a time at your convenience and just let me know . my number here is 408 - 541 - 3502 . i would like to know how long it will take , and also exact job title i ' m interviewing for . thank you very much for your help . sincerely , yong | 0 |
Subject: re : copy room kevin , you have full charge . thanks for volunteering . liz kevin g moore 04 / 06 / 2000 07 : 50 am to : barbara lewis / hou / ect @ ect , mike a roberts / hou / ect @ ect , frances ortiz / hou / ect @ ect , liz m taylor / hou / ect @ ect , vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect cc : subject : copy room to whom it may concern : i would like to know who will be responsible for keeping up with the copy room near my area . eb 32 copy rooml i am aware that this is something that must be decided by whoever is in charge however , i would like to participate in keeping this room operational . please note that i use this room more often than anyone else and i pay more attention to what is needed there on a daily basis . i am not asking for full charge over the room but i would like to assist whereby , it will always be operational . thanks kevin moore | 0 |
Subject: re : i would like to help , but i am in kansas hunting pheasant during the last week in december . vince j kaminski 18 / 12 / 2000 15 : 46 to : debbie r brackett / hou / ect @ ect , william s bradford / hou / ect @ ect , ted murphy / hou / ect @ ect , bjorn hagelmann / hou / ect @ ect , david port / market risk / corp / enron @ enron , mark tawney / hou / ect @ ect , joseph hrgovcic / hou / ect @ ect , greg whalley / hou / ect @ ect , louise kitchen / hou / ect @ ect cc : molly magee / hou / ect @ ect subject : i am asking molly magee , our hr rep , to set up an interview for iris mack with , depending on your availability between christmas and new year . iris was interviewed by a number of my associates for a position with the research group and my objective is to introduce her to a number of enron units that she may eventually support . i shall appreciate your comments . vince kaminski | 0 |
Subject: organizational announcement - introducing enron industrial markets we are pleased to announce the creation of a new business unit ) enron industrial markets ) within our wholesale energy business . enron industrial markets will be responsible for leading all worldwide business activities in the paper , pulp , lumber , and steel markets , including trading , origination and energy outsourcing activities . enron industrial markets is being created to accelerate the growth of enron north america , s existing paper , pulp , & lumber business and to establish and grow a new business in the steel market . the formation of enron industrial markets will allow the enron north america and enron europe management to continue to focus its efforts on the aggressive expansion of our core gas and electricity business . as a standalone business unit , enron industrial markets can accelerate the growth of the paper , pulp & lumber and steel businesses into major contributor , s to enron , s overall growth and , working closely with enron networks , position enron as the leader in the transformation of these industries into new economy markets . enron industrial markets will be headed by jeff mcmahon , president and chief executive officer , and ray bowen , chief operating officer . they will report to mark frevert who will be chairman of enron industrial markets . mark , jeff , and ray will comprise the office of the chairman for enron industrial markets . included in this new business unit and reporting to the office of the chairman will be the following individuals and their respective groups : pulp , paper , & lumber origination bryan burnett pulp , paper & lumber trading bob crane steel trading greg hermans transaction development rodney malcolm enron industrial markets has established an operating group to manage the operations of physical assets . this unit will temporarily report to the enron industrial markets office of the chairman . coincident with the establishment of enron industrial markets , all energy outsourcing activities associated with industries other than paper , pulp , lumber and steel will be the responsibility of enron energy services . with jeff mcmahon , s departure from enron networks , louise kitchen will assume the role of president and chief operating officer . please join us in congratulating these individuals for their new roles . | 0 |
Subject: p + option valuation model mark , after recently reviewing the booking of the p + options , it is my understanding that these options are being valued using a standard spread option model where the price evolution of the two legs of the spread are assumed to be correlated geometric brownian motion processes ( i . e . the price process assumptions are consistent with standard black - 76 model assumptions extended to two commodities ) . the payoff for a call option is : payoff = max ( 0 , a ) b ) k ) . where : a = nxwti ( delivery price for nymex ) b = posting price = ( wti swap ) ) ( posting basis ) k = posting bonus ( fixed ) . the only complication of this option as compared to most other spread options is that leg " b " of the spread is a combination of three prices , the two futures prices which make up the wti swap for the given month , and the average posting basis during the delivery month . combination of these prices is easily addressed by simply setting the volatility of leg " b " and the correlation to correctly account for the volatility of this basket of prices and its correlation with the nxwti price . i believe that this approach is more straightforward than the alternative , which would be to use a three or four - commodity model with its associated volatility and correlation matrices . in summary , i believe that this is an appropriate model for valuation of these types of options , assuming that the inputs are set correctly . regards , stinson gibner v . p . research | 0 |
Subject: re : willow and pathstar evaluations i will check with michael and see if it ' s feasible to do a quick evaluation of his software here in houston . - - stinson vince j kaminski 04 / 24 / 2001 05 : 22 pm to : stinson gibner / hou / ect @ ect cc : subject : willow and pathstar evaluations stinson , he keeps bugging us about it . any thoughts what we should do ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 24 / 2001 05 : 22 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " mike curran " on 04 / 24 / 2001 10 : 03 : 24 am please respond to " mike curran " to : cc : subject : willow and pathstar evaluations hi vince - hope all is well with you . sharad hasn ' t had time to evaluate our willow tree or monte carlo software since the middle of last year . is there somebody else that could do it ? please let me know who i should send the evaluation to . best regards , michael curran ceo quantin ' leap limited piercy house 7 copthall avenue london ec 2 r 7 nj tel : + 44 ( 0 ) 20 7562 3450 fax : + 44 ( 0 ) 20 7562 3411 mailto : mcurran @ quantinleap . com http : / / www . quantinleap . com | 0 |
Subject: vince , the book " power economics " can be downloaded from http : / / www . stoft . com / best , alex | 0 |
Subject: updated electricity homepage ( great links - university of queensl and - australia ) hi vince , have a look at my homepage which i have been updating ( see energy markets ) : regards glen dixon part - time phd student - department of mathematics ( university of queensland ) p . s i am hopefully attending the australian risk conference where you are a speaker in july 2000 ( sydney ) . hope to hear you speak . glen w . dixon project officer - procurement profiling queensland purchasing department of public works " important this electronic message and any attachments are supplied in good faith and are believed to be free of year 2000 or other date related problems ( i . e . year 2000 compliance ) . the department of public works forwards this message and attachments to you on the basis that you use them at your own risk . the department accepts no responsibility for damage or loss ( arising from negligence or otherwise ) which may occur through the use or transmission of this message and attachments and recommends that you conduct your own independent tests to determine year 2000 compliance before use . the contents of this electronic message and any attachments are intended only for the addressee and may contain privileged or confidential information . they may only be used for the purposes for which they were supplied . if you are not the addressee , you are notified that any transmission , distribution , downloading , printing or photocopying of the contents of this message or attachments is strictly prohibited . the privilege or confidentiality attached to this message and attachments is not waived , lost or destroyed by reason of a mistaken delivery to you . if you receive this message in error please notify the sender by return e - mail or telephone . thank you . " | 0 |
Subject: re : visit to houston and vince kaminski ' s research group shirley , i just booked my flights and the hotel . i ' ll be arriving houston on the evening of 7 / 27 and leaving on 7 / 29 . i ' ll stay at the doubletree houston allen center for two nights . looking forward to meeting you at enron . regards , shijie shi - jie deng assistant professor school of isye georgia institute of technology office phone : ( 404 ) 894 - 6519 e - mail : deng @ isye . gatech . edu home page : http : / / www . isye . gatech . edu / ~ deng | 0 |
Subject: reschedule - meeting with riskcare to discuss joint ventures ( michael curran , manuel rensink & richard haddow ) vince j kaminski / hou / ect wants to reschedule a meeting . on 02 / 23 / 2000 03 : 00 : 00 am cst for 2 hours with : anjam ahmad / lon / ect ( chairperson ) vince j kaminski / hou / ect ( invited ) shirley crenshaw / hou / ect ( invited ) dale surbey / lon / ect ( invited ) stinson gibner / hou / ect ( invited ) meeting with riskcare to discuss joint ventures ( michael curran , manuel rensink & richard haddow ) | 0 |
Subject: re : steve leppard dale , my recommendation is to make steve the head of the research unit in london . we were talking originally about september but i think we should accelerate this process . of course , anjam will be very unhappy about it , but we cannot manage around him any longer . i think that the promotion should be combined with a salary increase . i would like to offer him a significant increase that goes with expanded responsibilities and much higher visibility . a salary increase will also bring him closer to the market . we see the market for technical people going through the roof in practically every location where we operate . a contract is not a good solution in my view . it creates a sense of false security for both an employee and the company . i shall send a message to john sherriff with my recommendation . i shall cc you . i would appreciate if you could bring it up with john as well . vince dale surbey 07 / 11 / 2000 10 : 23 am to : vince j kaminski / hou / ect @ ect cc : subject : steve leppard hi vince , hr is working on a mid - year salary review for london people that have a noticeable gap between their compensation at enron and what we would have to pay in the market for a replacement . they highlighted steve as someone with a potential gap - particularly in light of what we ' re seeing in our quant recruiting effort for credit trading and research . i ' d like your opinion on the best way to make sure we keep steve happy and keep him at enron . there are several things i see we can do : 1 ) give him a mid - year pay increase to move him closer to market . i ' m not sure this is the best way to go , especially if we only offer him a token salary increase . 2 ) offer him more responsibility : what are your thoughts on timing for making steve the official head of the london research team ? with my move to ebs , should we accelerate this ? i think this is good way to keep him happy and motivated , and then follow up with a more meaningful salary review at year - end ( as part of the regular process ) that takes into account his greater responsibility . 3 ) we have some people that we ' re trying to get under long - term ( 3 - yr ) contract with a 12 - month notice clause . obviously anyone signing one of these will want significant up - front compensation for being handcuffed . we ' ve not had a lot of success with these here in london , and i would prefer to keep steve happy so he wants to stay with enron rather than contractually binding him to the job . i ' d value your thoughts on this . thanks , dale | 0 |
Subject: re : bryan seyfried visiting houston i have scheduled the meeting for friday , february 11 at 9 : 00 am . have a great day ! shirley vince j kaminski 01 / 31 / 2000 08 : 52 am to : shirley crenshaw / hou / ect @ ect , vince j kaminski / hou / ect @ ect , danya moody / lon / ect @ ect cc : subject : bryan seyfried visiting houston shirley , can you please set up the meeting . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 31 / 2000 08 : 51 am - - - - - - - - - - - - - - - - - - - - - - - - - - - danya moody 01 / 31 / 2000 08 : 32 am to : vince j kaminski / hou / ect @ ect cc : subject : bryan seyfried visiting houston hi vince bryan seyfried will be in houston on the 9 , 10 & 11 th february and was hoping to arrange an hour with you on one of these days . he is available any time except the morning of 10 th february . could you please let me know if this is possible and if so what time suits you . thanks danya | 0 |
Subject: re : potential prospect hey vince , i e - mailed george to send you a resume . tom professor tom arnold e . j . ourso college of business administration department of finance 2155 ceba louisiana state university baton rouge , la 70803 o : 225 - 388 - 6369 f : 225 - 388 - 6366 | 0 |
Subject: enron global messaging announcement over the last few months , we have been discussing our standard e - mail platform with you , our customer . your feedback from the various demonstrations , surveys and technology showcases validated that e - mail is a vital part of your ability to communicate effectively . however , your feedback also indicated that you need your e - mail client to have additional functionality and increased integration with other applications you use . therefore , to meet the demands of our fast - paced business , enron net works is standardizing our e - mail platform by deploying microsoft outlook 2000 to all the business units we currently support for messaging . ( project plans for ebs , ees and azurix are still being finalized and will be communicated separately . ) this conversion from lotus notes to outlook 2000 will improve your ability to communicate and provide a more consistent look and feel across the standard office applications you use on a daily basis . we are excited about this opportunity to provide a more robust , full function solution for your messaging needs . to provide you with additional details about the conversion from lotus notes to outlook 2000 , we are including a list of frequently asked questions about this project . how does this project affect me ? your current lotus notes e - mail system will be converted to microsoft outlook 2000 . what is microsoft outlook 2000 ? outlook 2000 is the messaging client you will use to read your e - mail , update your calendar and personal address book , record to do lists , etc . why are we switching to outlook 2000 ? outlook 2000 integrates more effectively with our new operating system , windows 2000 , and the microsoft products that enron currently uses . with outlook 2000 , we can provide you with a more robust mail platform including the following new features : instant messaging ) ability to send person - to - person , immediate , pop - up messages . improved palm / ce synchronization ) allows for simpler and quicker updates of your hand held device from multiple places . conferencing server ) ability to conduct video conferences from your desktop . web access ) ability to retrieve your enron e - mail via a browser . fax integration ) ability to send / receive faxes from your e - mail inbox . voice mail integration ) ability to have your voice mail delivered to your e - mail inbox for retrieval . when will the outlook 2000 rollout start and when will i get it ? the pilot will begin in late october with the production rollout beginning in late november . we are finalizing our business unit rollout schedule . additional information will be provided to all business units as it becomes available . project updates will be posted on the project section of the it central web site at http : / / itcentral . enron . com . additionally , you may send questions to outlook . 2000 @ enron . com , and a member of the project team will be happy to address these individually . | 0 |
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 baxter , ashley david davies nov 02 , 2000 campos , hector o peyton s gibner nov 06 , 2000 carson , richard l richard b buy oct 30 , 2000 crenshaw , shirley j wincenty j kaminski oct 26 , 2000 gandy , kristin h celeste c roberts nov 01 , 2000 gorny , vladimir theodore r murphy ii nov 02 , 2000 hewitt , kirstee l steven leppard nov 06 , 2000 hickerson , gary j jeffrey a shankman nov 15 , 2000 kindall , kevin vasant shanbhogue oct 30 , 2000 leppard , steven dale surbey nov 06 , 2000 patrick , christie a mark a palmer nov 09 , 2000 pham , bich anh t sarah brown nov 06 , 2000 raymond , maureen j wincenty j kaminski nov 02 , 2000 rosen , michael b christie a patrick nov 06 , 2000 sun , li kevin kindall nov 09 , 2000 supatgiat , chonawee peyton s gibner oct 27 , 2000 tamarchenko , tanya v vasant shanbhogue oct 26 , 2000 tawney , mark r jeffrey a shankman oct 26 , 2000 thuraisingham , ravi paul h racicot jr nov 12 , 2000 williams , matthew steven leppard nov 08 , 2000 yaman , sevil vasant shanbhogue oct 27 , 2000 yuan , ding richard l carson oct 31 , 2000 | 0 |
Subject: re : maths course vicky , my affiliation is enron corp . my assistant , shirley crenshaw , will send you an updated version of my bio . here are the bullet points : practical techniques to price exotic energy options definition of an exotic option - pay - off profile - price process assumptions - different sources of risk different types of exotic options used in the energy industry - asian options - spread options - basket options - swing options evaluating methodologies for pricing exotics ? ? ? - assessing the pros and cons of different techniques - approximations of closed - form formulas - monte carlo techniques - trees - numerical solutions of pdes ? ? ? - applying multi - factor models to price exotic energy derivatives ? ? ? - building trees for pricing and hedging exotics practical examples ? analysing approaches to weather derivatives valuation ? definition of a weather derivative why does energy industry need weather derivatives ? - hedging volume / price risk as opposed to hedging exclusively price risk - the energy industry ' s exposure to weather : numerical estimates different types of weather derivatives used in the energy industry ? ? ? - heating and cooling degree day swaps and options ? ? ? - precipitation contracts - hurricane contracts - financial options contingent on weather - digital options valuation controversy : actuarial valuation vs . valuation based on the black - scholes paradigm use of monte carlo techniques in valuation of weather derivatives valuing long term transactions practical example please , feel free to edit my bullet points to improve my english . it was a pleasure working with you and i hope our roads will cross at some point . the best of luck to you . vince " vicky windsor " on 04 / 13 / 2000 01 : 00 : 18 pm please respond to " vicky windsor " to : cc : subject : maths course dear vince , ? i just wondered whether you have had chance to look at your bullet points and bio for the maths course . if so please could could email them to me as soon as possible . could you also let me know whether your company affiliation should now be enron north america . ? thanks vince and best regards , ? vicky | 0 |
Subject: telerate service hello everyone : please let me know if you have a subscription to " telerate " ? we are being billed for this service and i do not know who is using it . thanks ! shirley | 0 |
Subject: re : simulated trading jana , i shall be glad to join you . vince jlpnymex @ aol . com on 09 / 12 / 2000 01 : 51 : 06 pm to : rsbaker @ duke - energy . com , blackj @ wellsfargo . com , martha @ plunkettresearch . com , dgriffin 240 @ earthlink . net , genieand @ hotmail . com , robyn _ howard @ aimfunds . com , agerhardt @ pkftexas . com , colgin @ campbellriggs . com , crowsley @ flash . net , carol _ fitzpatrick @ agc . com , gburrows @ capstonefinancial . com , jhall @ harvardreit . com , jlpnymex @ aol . com , cefi @ dynegy . com , clairta @ yahoo . com , mara _ smith @ aimfunds . com , ddenbina @ mpr . com , rdyerlaw @ houston . rr . com , edwards @ nwol . net , sgoldfield @ tmh . tmc . edu , theath @ coral - energy . com , vkamins @ enron . com , tknight @ houstonenergy . org , monica _ kolb @ aimfunds . com , lanejb @ wellsfargo . com , info @ . com , elizabethmorrell @ excite . com , kimmorrell @ excite . com , adrian . a . nunez @ usa . conoco . com , jack _ plunkett @ plunkettresearch . com , daricha @ ppco . com , mroberts @ coral - energy . com , jstanton @ calpine . com , jstephenson @ navigantconsulting . com , dstowers @ watersinfo . com , chtremel @ epri . com , reneeb @ swiftenergy . com , njfitzgerald @ coral - energy . com , cthomso @ ppco . com , mwolper @ alum . mit . edu , carol _ mccutcheon @ oxy . com , leesa . foster @ ipaper . com , woodybc @ bp . com , dzerba @ teldatasolutions . com cc : subject : simulated trading dear friends and colleagues : nymex is hosting a cocktail reception and a simulated open outcry trading " class " : thursday , sept . 28 , 2000 5 : 00 - 7 : 00 pm houston center club ( downtown - across from the 4 seasons ) this is being held in conjuction with the crude oil association . they charge $ 25 at the door . however , as a host i can have as many of my colleagues there for free ! but , i must know if you are coming by september 24 , 2000 c . o . b . , to give a count to the houston center club . i hope you can all attend . please feel free to invite someone to come with you . the simulated trading will be held three times during the evening , and is very interesting . i look forward to hearing from you , and seeing you on 9 / 28 ! jana ps - call me if you have any questions | 0 |
Subject: your king ' s college london conference hi lane i * will * be free to speak at your conference on 12 th july , so put my name down . i will give a talk on my " diagrammatic approach to real options " . will you have a laptop projector available ? do you require any advance submission of material ? cheers , steve | 0 |
Subject: dg energy software vince , here is my edited version of the software license agreement . can you read it once before i forward it for internal approval ? i specified that the $ 100 , 000 covers a single user perpetural license , access to source after one year , and covers maintenance and support for one year . any suggestions ? - - stinson | 0 |
Subject: summer internship hi , i ' d like to thank you for the opportunity of letting me work here this summer . i ' ve learned a lot in the past three months and hopefully have been of some help around here . i was very impressed with this department , and enron itself , and i really appreciate the chance for me to have worked in such an environment . so anyway , thank you and i wish you and the department well , brad | 0 |
Subject: fea announces the release of @ energy 2 . 0 zimin , please , take a look at it . i think we should download the update . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 31 / 2001 11 : 21 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " michelle mendoza " on 01 / 26 / 2001 02 : 33 : 14 pm to : cc : subject : fea announces the release of @ energy 2 . 0 january 26 , 2001 vince kaminski enron north america corp . 1400 smith street 30 th floor , rm . 3036 b houston , tx 77251 - 1188 1 713 - 853 - 3848 dear vince kaminski , this is to inform you of the release of @ energy 2 . 0 . ftp download instructions are available immediately . the download instructions are included at the end of this email . your cd ' s and manuals will be shipped to you within 2 weeks . please see below for more information regarding this new release . please confirm that you are the correct recipient for this shipment and your address above is correct by clicking reply and send . if any changes need to be made , please make the changes above and reply . * * warning : please note that if you did not received a license key for @ energy after june 2000 , you will need to contact support @ fea . com or call 510 . 548 . 6200 to obtain a new license key to enable the new version . * * * * swing users : @ energy / swing now replaces the " swing " product . see the @ energy user manual for a discussion of the changes . contact fea for the necessary license keys . you will be able to run both the new and old swing simultaneously . heres an overview of the new and changed features since version 1 . 6 : @ energy ( forward curve ) jump parameters are now calibrated for use in other @ energy functions . inputs and outputs to powercalib and comcalib have changed . see the corresponding function syntax in the user guide for additional information . 35 - 40 % speed improvement . the module is now out of beta . @ energy ( basics ) different interpolation schemes on forward prices are now supported . if you use indexswap , exoticswap , or optindexswap with floating price linked to a series of futures dates , such futures dates need not be close to dates specified in the forward curve input . a new utility function , pathutil , allows you to simulate and visualize price paths consistent with the models supported by @ energy . 25 - 30 % speed improvement . @ energy ( advanced ) different interpolation schemes on forward prices are now supported . if you use optdiffswap or diffswap with floating price linked to a series of futures dates , such futures dates need not be close to dates specified in the forward curve input . calspreadopt now allows for the specification of two different mean reversion rates . 30 - 35 % speed improvement . @ energy ( swing ) swingopt and stripswingopt now allow for valuation of swing straddle contracts with overall load constraints . 65 - 70 % speed improvement . the module is now out of beta . @ energy ( weather ) 30 - 35 % speed improvement . if you have any questions please feel free to contact us . we appreciate this opportunity to be of continuing service to enron north america corp . . regards , michelle mendoza support @ fea . com + 1 - 510 - 548 - 6200 financial engineering associates , inc . ( fea ) * * * * * * * * * * * * * * * * * * * * * * * * * * * * * to download @ energy 2 . 0 via ftp , follow the following instructions : note : using explorer leads to unpredictable results , so we suggest using netscape or a dos shell . using netscape : in the location box type : ftp : / / energy @ ftp . fea . com password : 2 rbzxgv 5 energy - 2 . 0 - win 32 . exe is for windows 95 / 98 / 2000 / nt . download and run on a local drive . using a dos shell : at a dos prompt type : ftp ftp . fea . com user : energy password : 2 rbzxgv 5 type " binary " and hit ' return ' . type " ls " for a list of available files . type " get " energy - 2 . 0 - win 32 . exe and and wait for the ftp > prompt . type " quit " . the file will be downloaded into the directory at which you entered the ftp site . double click on the exe and follow the instructions on the screen . | 0 |
Subject: sap expense report form with the implementation of sap , the employee expense report form has been modified to reflect the new coding system . the procedures for its use are unchanged , but there are some cosmetic differences . one item to note : the form no longer requires entry of your social security number ; instead use your new personnel number assigned through human resources ( see http : / / hrweb . enron . com ) . for electronically submitted expense reports , enter the same number on the receipt envelope . the form is now available at the sap website . to access the form : from the enron home page , go to the sap intranet site http : / / sap . enron . com choose one of the following paths : click on quick reference tools on the left menu click drop - down arrow for accounts payable forms click sap expense report form click on forms and procedures library on the left menu click drop - down arrow for accounts payable forms click sap expense report form wait for it to load click enable macros ( or yes , allow macros ) after you enter the data , save as excel workbook ( . xls file extension ) with a new filename . do not save as excel template ( . xlt extension ) . you may print the spreadsheet for submission to accounts payable , or attach it to notes for electronic submission . instructions are available at the website , on the same drop down box as the form . if you have any questions , contact the center of expertise ( coe ) at 713 345 - 7427 . | 0 |
Subject: re : conference may 31 on energy derivatives in toronto phelim , i shall be glad to join you for dinner on sunday . i shall be also available for the panel discussion . i would like to thank you one more time for the invitation to speak at the conference . vince phelim boyle on 05 / 12 / 2000 03 : 47 : 59 pm to : vince . j . kaminski @ enron . com , amy aldous , pconcessi @ deloitte . com , ross raymond - cmmrcl ops cc : subject : conference may 31 on energy derivatives in toronto vince thanks again for agreeing to speak at our conference . it is attracting considerable interest . . is it possible for you to send us copies of your slides by may 18 to meet our deadline for preparing the material . ? if you have ? a related paper available that covers some of the same material that would do instead but naturally we would prefer the slides . i would like to mention again the ? ? the pre - conference dinner at 7 pm on sunday may 30 for the speakers we hope very much you can be present i was also hoping you would be available for the last ? session of the day to be panel member the provisional title ? is managing risk in illiquid markets the chair is pat concessi of deloitte and touche the panel last from 3 . 30 until 4 . 30 and we would like panel members should speaker for a few minutes and take questions from the floor . in the meantime if you have any questions please let amy or myself know sincerely phelim p boyle ? - - phelim p boyle director centre for advanced studies in finance , university of waterloo , waterloo , ontario canada n 2 l 3 gl tel ? 519 885 1211 ( 6513 ) fax 519 888 7562 ? | 0 |
Subject: esource presents esearch esource launches esearch site bringing research to your desktop esource , enron ' s premier research group , launched their new product , esearch , on december 8 , 2000 . esource ' s team of specialized researchers have created a web site to bring information and research to every employee ' s desktop . the esearch web site offers many links to information resources , access to research databases , specialized searches , sites to purchase books , articles , and reports , and training . employees can use the web site to conduct their own research or as a vehicle to submit research requests . esource ' s researchers and industry specialists are available to all enron business units to provide timely and cost efficient research , to work with individuals or groups to fulfill one time research requests , or to design ongoing , customized monitoring projects or news updates . the preferred browser is internet explorer join us for a demonstration and training session on friday , december 15 th at 1 : 00 - 1 : 30 and 2 : 00 - 2 : 30 in room eb 5 c 2 . http : / / esource . enron . com discover a wealth of information at your desktop | 0 |
Subject: summer internship position celeste , i would like to ask you for a favor . we would like to have sevil as an intern in our group this summer . she prepares a ph . d . dissertation on transmission : a critical issue to the power markets everywhere . i have also a few other students i would like to take in as summer interns . i shall send you the resumes in separate messages . vince kaminski - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 02 / 11 / 2000 12 : 51 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - sevil yaman on 02 / 10 / 2000 10 : 22 : 28 pm to : vkamins @ enron . com cc : subject : summer internship position hi dr . kaminski , as i told you last monday in dr . kao ' s class i am looking for a summer internship position in your group in which i can use my economics background together with my quantitative skills and knowledge in electricity markets . currently , i am a third year ph . d . student at the economics department of the university of houston . at the end of this semester i ' ll be completing my coursework and starting to write my dissertation which analyzes the access pricing issue in network industries , especially in electricity transmission . i would like to give you a few examples from my coursework . in addition to basic statistics i - ii and econometrics i - ii , i have taken " macroeconomic modeling and forecasting " ( time series ) class in which i learned rats . in " applied econometrics " class , it was given a great deal of attention to the case method learning approach that involved extensive computer analysis . we were taught sas . as a term paper i worked on electricity demand forecasting . this semester i am taking " special topics in applied econometrics " course in which i am being taught qualitative dependent models , mle , panel data techniques , and so on , and as software stata . moreover , this semester i am also taking " options theory and its applications " class and auditing dr . kao ' s class . i definitely agree with you in what you mentioned in your lecture last monday about the understanding of the options theory as a necessity in the energy sector . besides , i spent my last summer in the oil and gas unit of the world bank as a research assistant . this work experience in which i had great exposure to the energy market issues and my own research area , which is regulation of transmission pricing ( congestion pricing ) , made me believe that the ongoing restructuring of the electricity sector , especially the transmission network issue , could be well understood by working in the industry . dr . kaminski , attached you can find my resume . i would be glad if you could find a chance to review it and get back to me soon . many thanks , = = = = = sevil yaman department of economics university of houston houston , tx 77204 - 5882 ( 713 ) 743 - 3814 / 3817 do you yahoo ! ? talk to your friends online with yahoo ! messenger . http : / / im . yahoo . com - resume - sevil . doc | 0 |
Subject: ken , attached is a correction to pages 10 , 11 , and 12 that were presented by the iso staff at a recent qse training session . i have attached pages 10 , 11 , and 12 for ease of reference . this is the example that i told you about at out at the last csc meeting . best regards , lance - enron correction for congestion management example . pdf - pagel 2 . pdf - pagel 1 . pdf - pagel 0 . pdf | 0 |
Subject: alp presentation on behalf of enron corp . i would like to invite you to an alp project presentation by a group of students of jesse h . jones graduate school of management , rice university . the students will present the results of a research project regarding electronic trading platforms in the energy industry . the presentation will be held on may 7 , at 4 : 00 p . m . at enron , 1400 smith . we would also like to invite you to dinner , following the presentation . vince kaminski vincent kaminski managing director - research enron corp . 1400 smith street room ebl 962 houston , tx 77002 - 7361 phone : ( 713 ) 853 3848 ( 713 ) 410 5396 ( cell ) fax : ( 713 ) 646 2503 e - mail : vkamins @ enron . com | 0 |
Subject: re : ebs var transaction policy that would be great . b . vince j kaminski @ ect 06 / 29 / 00 10 : 27 am to : barry pearce / enron communications @ enron communications cc : stinson gibner / hou / ect @ ect , tanya tamarchenko / hou / ect @ ect , grant masson / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : ebs var transaction policy barry , stinson forwarded your message to me . i am meeting ted murphy today and i shall bring it up with him . we have unit at research ( tanya tamarchenko , reporting to grant mason ) who is responsible for v @ r support . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 06 / 29 / 2000 10 : 28 am - - - - - - - - - - - - - - - - - - - - - - - - - - - stinson gibner 06 / 29 / 2000 09 : 55 am to : vince j kaminski / hou / ect @ ect cc : subject : ebs var transaction policy fyi - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 06 / 29 / 2000 09 : 54 am - - - - - - - - - - - - - - - - - - - - - - - - - - - barry pearce @ enron communications 06 / 29 / 2000 09 : 09 am to : stinson gibner / hou / ect @ ect , dale surbey / lon / ect @ ect , ted murphy / hou / ect @ ect cc : lou casari / enron communications @ enron communications , john echols / enron communications @ enron communications , jim fallon / enron communications @ enron communications subject : ebs var transaction policy hey you guys , we are trying to implement a ' var transaction ' policy - and would like your opinion . this is going to be tough - because i ' m not sure we have implemented a similiar policy across any of our other ' books ' - that is - we looking to bring in all the accrual / operational assets as well as the mtm stuff ( lambdas ) . to have a real - live ' configuration ' of the system . if assets / routes / servers etc . . . are added - what is the impact on the ' value ' of the system and what it ' s worth . john has attached a draft below - for your review and thoughts . i can see how this works in a trading environment - when you actually know the var of your whole trading portfolio . however - i ' ve not seen this done with a mixture of mtm & accrual assets . add the spice of a ' operational system ' valuation - and this will be tough to quantify and model . step 1 - configure system and value it step 2 - calculate a var on this . we will need to do some work here ! step 3 - calculate the incremental var of new deals / amendements / reconfigs etc - tough . . . . see what you think ? b . john echols 06 / 28 / 00 05 : 41 pm to : jim fallon / enron communications @ enron communications , barry pearce / enron communications @ enron communications , lou casari / enron communications @ enron communications cc : subject : policies here is a first rough draft of a " value @ risk " transaction policy . i would like you to start looking at where we are going on the policy and get some early thinking going on limits for the v @ r . for example , should we effectively shut down all server relocations without approval , or allow some level of mb of storage to be moved around or reconfigured ? i need some commercial and industry realism for this . we may need rick paiste or your industry helpers ( marquardt , etc . to help us ) . barry , lou , i need your input . | 0 |
Subject: re : charles shen thanks so much , vince - - i couldn ' t agree with you more . molly vince j kaminski 11 / 27 / 2000 02 : 40 pm to : molly magee / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : re : charles shen molly , i think you called his bluff . if he does not fax a copy of his paycheck stub , we should not talk to him . he never talked to me about it . if he made a true statement about his compensation , he should have no reservations about sending us the confirmation . vince enron north america corp . from : molly magee 11 / 27 / 2000 01 : 58 pm to : vince j kaminski / hou / ect @ ect cc : subject : charles shen vince : i left you a voicemail about charles shen a week or so ago , but wanted to follow up with you . when i called him to extend our offer to him , he expressed surprise at the base salary offer of $ 110 , 000 , and told me that he was currently earning base pay in the amount of $ 120 , 000 . i told him that the salary figure he had written himself on the application was $ 102 , 000 , but he insisted that he had made an error and that it should have been $ 120 , 000 . i asked him what base salary he was looking for , and he said he would expect at least a 10 % increase in his base . i then told him that i was not authorized to make an offer above our initial one , and would contact you and get back to him . i called him later that afternoon and asked him to fax me a copy of his last paycheck stub so that we could minimize the confusion about his base pay . he said that he would be happy to do so , but i never received the fax . he left me a voicemail message during the evening that said he was on vacation and didn ' t have access to the pay stubs , but would send me a copy when he returned . i have not heard from him since , and wondered if he had contacted you . if not , would you want to get together to discuss our next step ? i ' ll wait to hear from you , molly x 34804 | 0 |
Subject: research prc next steps the pep system is no longer available to accept feedback from reviewers . if necessary , you can still call the employee ' s reviewers who have not submitted feedback via the pep system . verbal feedback can be included as part of the consolidated review . the following is a list of action items for next steps for supervisors : action item deadline print consolidated feedback wednesday , nov 22 thanksgiving holidays thursday - friday november 23 - 24 review / approve employees peer group and supervisor ( hr will provide report by 11 / 21 ) tuesday , november 28 pre - rank employees based on consolidated feedback tuesday , november 28 send pre - rankings to norma via encrypted e : mail wednesday , november 29 vince will review pre - rankings monday , december 4 , 2000 ena research prc meeting friday , december 8 written / verbal review provided to employee december 20 - january 20 signed review form due to hr january 27 , 2000 forward to appropriate parties , with sensitivity of the confidentiality of this information . if you have questions regarding the prc process please feel free to call me . norma villarreal x 31545 | 0 |
Subject: var david , during today ' s var coordination meeting we had a discussion of issues related to mapping of the forward price curves into core locations . mapping is a necessity dictated by the limitations of the computer system : we have to reduce the dimensionality of the problem to stay within the bounds of available cpu memory . also , in some cases the quality of price discovery is poor and it ' s difficult to model the price curves independently : we solve the problem by mapping them into more liquid and better behaved core locations curves . we have agreed on the following : 1 . winston will investigate the it side and determine to what extent we can increase the number of forward price curves that are simulated as basic ( core ) curves . he will investigate the impact of a larger number of the core curves on the time required to complete the var run . 2 . the curves associated with the biggest 10 - 20 positions in each commodity should be modeled as core curves ( i . e . no mapping into other locations ) . it makes sense to monitor the biggest risks separately and avoid aggregating them into less transparent aggregates . 3 . the results of an automated clustering ( mapping ) procedures should be systematically monitored by a human and corrected if they misrepresent the risks of the trading positions . this responsibility should be vested with one person ( right now the responsibility is dispersed through the organization and this means in practice that nobody is responsible ) . research can allocate one person to this task ; cooperation of trading and rac will be critical . vince | 0 |
Subject: zingales seminar fyi ! - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 04 / 23 / 2001 03 : 44 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - albert wang on 04 / 23 / 2001 11 : 23 : 22 am to : ( recipient list suppressed ) cc : subject : zingales seminar enron seminar series in finance jones graduate school of management , rice university luigi zingales university of chicago will give a seminar at the jones school on friday , april 27 , ? " the great reversals : the politics of financial development in the 20 th century . " the seminar will begin at 3 : 30 in room 105 . a pdf of the paper is available through the seminar website : http : / / www . ruf . rice . edu / ~ jgsfss / . fu - kuo albert wang assistant professor jones graduate school of management - - ms 531 ? rice university ? 6100 main street ? houston , tx 77005 ? phone : 713 - 348 - 5404 ? fax : ? ? ? ? 713 - 348 - 5251 email : wangfa @ rice . edu http : / / www . ruf . rice . edu / ~ wangfa / | 0 |
Subject: credit applicatiions in grms this note is from ted murphy ( not bjorn hagelman ) my understanding is that yet another meeting has been scheduled with the intent of diverting resources from the grms project to some other project . while i am not privy to the urgency of this other project , i do know that we have a very large , multi - phase project going in grms . grms stands for the global risk monitoring system . it is not intended to be a commercial trading product not is its primary purpose for commercial decision - making . conceptually , it is a risk warehouse for the primary purpose of rac due to the deficiency of current front office trading systems and their inability to provide timely , aggregated information useful to rac . rac has spent over a year developing a business plan scope and detailed task list to accomplish its objectives . as a firm we are woefully behind our press clippings in our ability to aggregate and understand our risk profile . my most recent sojorn in europe is a classic example of the current systems inabilty to aggregate and meet the needs of rac having abetted poor decision making and causing cash losses in well in excess of the grms budget or that of the market risk group in rac . the grms project is a requirement that bill bradford and i have in order to do our jobs . we have delegated authority to debbie brackett and rudi zipter to make decisions regarding priorities and as such meet regularly with jonathon and his team as well as rick buy to provide updates . while progress is never as fast as we would like it , in every instance in which we have only to rely on rac , jonathon ' s team and research to make a deadline it haas been hit . the primary reason for any delays whatsoever has been the diversion of resources off the project or the reliance for cooperation from some other source - most recently the it staff in london was a tremendous impediment to deadlines . please excuse the frustration that is apparently coming through in this note , but i feel like the boy with his finger in the dyke and no one is listening . also , i have had several employees come to resignation over their frustration on the lack of management support for this project , usually manifesting itself in the lack of resources or the diversion of resources devoted to it . i think we have proven collectively that we can organize a modular multiphase project and provide tangible deliverables when not distracted . please let us do our jobs . i do not denigrate the efforts of others , but i believe that they must either submit their detailed requirements to us for our consideration of their worthiness to put in our que or develop their own project with their own resources . thank you for your consideration of this opinion . as it relates to things that will effect the ability of market risk to do its job , please consult me as i would you . ted | 0 |
Subject: congratulations congrats on your promotion to md . i appreciate the work you group is doing for et & s , and i know the promotion is well deserved . bill cordes | 0 |
Subject: departure the research group is a unique and extraordinarily valuable organization for enron . the success of the group has led to widespread recognition of enron ' s leadership in quantitative finance as it relates to the energy markets . therefore , it is with great mixed emotions that i announce my resignation as i move on to the next phase of my career . i have enjoyed getting to work with each of you and wish you continued success for the future . highest regards , kevin kindall ps : comments , question , and anecdotes will be addressed in thursday ' s meeting . shirley will have my contact info . | 0 |
Subject: trisha lunch - - - - - - - - - - - - - - - - - - - - - - forwarded by kevin g moore / hou / ect on 01 / 10 / 2000 11 : 12 am - - - - - - - - - - - - - - - - - - - - - - - - - - - frances ortiz 01 / 07 / 2000 02 : 54 pm to : ina rangel / hou / ect @ ect , kevin g moore / hou / ect @ ect cc : subject : trisha lunch jeff has approved for her to be added for lunch everyday and bodweek thanks fso | 0 |
Subject: updated org chart vince , i updated my part of the org chart with the following changes . 1 . corrected samer ' s title to director ( he was hired by azurix as a director and has retained that title ) 2 . corrected spelling of samar khleif ' s name . 3 . added vacant analyst under zimin stinson | 0 |
Subject: re : vacation vincent : congratulations ! please take whatever time is necessary . i hope the complications are only with the in - laws and not the police / u . s . immigration , etc . let me know if there is anything we can do for you . regards , grant . vincent tang on 04 / 17 / 2000 12 : 40 : 26 pm to : grant . masson @ enron . com cc : subject : ? hi , grant , how are you ? hope everything is going well . my wedding ceremony was very good but the whole process is more complex than i expected . it might take several more days . so i am wondering , if it is not too much a trouble for you , i would like to extend my vacation several more days . please let me know . best regards , vincent do you yahoo ! ? send online invitations with yahoo ! invites . http : / / invites . yahoo . com | 0 |
Subject: re : stinson vacation plans stinson , no problem . vince stinson gibner 03 / 31 / 2000 05 : 28 pm to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect cc : subject : stinson vacation plans vince , i would like to plan on taking 6 days of vacation on june 2 through june 9 th . thanks , - - stinson | 0 |
Subject: rosters ( rice university ) i have enclosed your latest rosters for mgmt 656 : energy derivatives . the word document is your official rosters . the excel document is a list of names with e - mail addresses . i ' ll keep you updated as students add / drop . as always , let me know if you have any questions . pamela castro mba program associate rice university 713 - 348 - 6223 - 656 . xls - 656 . doc | 0 |
Subject: 3 - urgent - to prevent loss of information critical migration information : 1 . your scheduled outlook migration date is the evening of : may 7 th 2 . you need to press the " save my data " button ( only once ) to send us your pre - migration information . 3 . you must be connected to the network before you press the button . 4 . if a pop - up box appears , prompting you to " abort , cancel or trust signer " please select trust signer . 5 . any information you add to your personal address book , journal or calendar after you click on the button will need to be manually re - added into outlook after you have been migrated . 6 . clicking this button does not complete your migration to outlook . your migration will be completed the evening of your migration date . failure to click on the button means you will not get your calendar , contacts , journal and todo information imported into outlook the day of your migration and could result in up to a 2 week delay to restore this information . if you encounter any errors please contact the resolution center @ 713 - 853 - 1411 | 0 |
Subject: re : off - site : john griebling ' s organization and research group vince , jeff does plan to attend the off - site in breckenridge . i ' m not sure exactly what time he ' ll arrive on friday , 4 / 28 , but will send those details when available . thanks , srs vince j kaminski @ ect 03 / 27 / 2000 04 : 43 pm to : jeff skilling / corp / enron @ enron cc : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect , ravi thuraisingham / enron communications @ enron communications , sherri sera / corp / enron @ enron , katherine brown / corp / enron @ enron , ken rice / enron communications @ enron communications , kevin hannon / enron communications @ enron communications , joe hirko / enron communications @ enron communications , john griebling / enron communications @ enron communications subject : off - site : john griebling ' s organization and research group jeff , i would like to invite you to an off - site meeting of john griebling ' s organization and the research group . date : april 27 - april 29 location : breckenridge , colorado as you know , john griebling is managing the network design and construction project currently under way in ebs . the research group is actively involved in this effort which requires advanced quantitative skills in the area of stochastic optimization and stochastic processes ( for modeling and forecasting internet traffic flows ) . the objective of this meeting is to develop common language and accomplish transfer of skills between the two groups , to facilitate cooperation on this project in the future . we are also inviting to this off - site senior management of ebs and plan to have on the agenda several presentations about strategic directions of ebs . the effort of network design and construction currently under way is unprecedented in terms of its scope and complexity and it is important for technical people , who often have highly specialized technical skills , to understand the broad picture . i would appreciate if you could join us for friday afternoon ( april 28 ) and saturday ( april 29 ) . i understand that you have commitments on thursday and friday morning . we have reorganized the tentative agenda of the meeting to devote friday afternoon to more general topics . vince | 0 |
Subject: mid - year 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 mid - year 2000 performance management process by providing meaningful feedback on specific employee ( s ) that have been identified for you . your feedback plays an important role in the performance management process , and your participation is very critical to the success of enron ' s performance management goals . please provide feedback on the employee ( s ) listed below by accessing the performance management system ( pep ) and completing an online feedback form as described in the " performance management quick reference guide " . you may begin your feedback input immediately . please have all feedback forms completed by the date noted below . if you have any questions regarding pep or your responsibility in the process , please call the pep help desk at the following numbers : in the u . s . : 1 - 713 - 853 - 4777 , option 4 in europe : 44 - 207 - 783 - 4040 , option 4 in canada : 1 - 403 - 974 - 6724 ( canada employees only ) or e - mail your questions to : perfmgmt @ enron . com thank you for your participation in this important process . the following list of employees is a cumulative list of all feedback requests , by operating company , that have an " open " feedback status . an employee ' s name will no longer appear once you have completed the feedback form and select the " submit " button in pep . review group : enron feedback due date : jun 16 , 2000 employee name supervisor name date selected - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ahmad , anjam dale surbey may 22 , 2000 carson , margaret m james d steffes may 26 , 2000 carson , richard l richard b buy may 22 , 2000 crenshaw , shirley j wincenty j . kaminski may 24 , 2000 ghosh , soma timothy davies may 31 , 2000 kaminski , wincenty j . david w delainey jun 05 , 2000 peyton , john a randal t maffett jun 05 , 2000 thuraisingham , ravi vasant shanbhogue may 30 , 2000 vernon , clayton j vasant shanbhogue may 26 , 2000 yuan , ding richard l carson jun 02 , 2000 zipter , rudi c theodore r murphy may 25 , 2000 | 0 |
Subject: re : is this data of interest to any of you ? yannis , it makes a lot of sense to get this info . also , you are welcome to make a presentation to the group this thursday at lunch . please , call shirley crenshaw ( x 3 - 5290 ) to coordinate and order sandwich you would like to have . vince joe , can you , please , babysit this presentation ( make sure we have all the audiovisual equipment we need , etc . ) . vince yannis tzamouranis 03 / 28 / 2000 02 : 50 pm to : yannis tzamouranis / hou / ect @ ect cc : ( bcc : vince j kaminski / hou / ect ) subject : is this data of interest to any of you ? fyi : the following file describes the contents of the monthly energy review ( application , current , and historical ) . the data is available through a doe site and we can get it for free and incorporate it in the lim database , if there is interest . review the attached file ( look for keywords of interest ) and let us know whether need dictates loading these datasets . for the market analysis and infomration management group , yannis c . tzamouranis enron it | 0 |
Subject: research group hello norma : in answer to your phone message i am sending you the following information . there is one thing you probably need to be aware of . on the research list , elena chilkina is shown as an analyst p / t , however , in the records she is shown as an " adm coord " . this was done so that she could be considered non - exempt and receive overtime . however , her actual job is an analyst . also , roman zadarozhny is an analyst that rotated out of our group 6 months ago , but was never moved to the new group . he is now up for rotation again and vince said that we will just keep him until he finds a new rotation . if you have any questions , please call me . | 0 |
Subject: zingales seminar enron seminar series in financejones graduate school of management , rice universityluigi zingalesuniversity of chicagowill give a seminar at the jones school on friday , april 27 , ? " the great reversals : the politics of financial development in the 20 th century . " the seminar will begin at 3 : 30 in room 105 . a pdf of the paper is available through the seminar website : http : / / www . ruf . rice . edu / ~ jgsfss / . fu - kuo albert wangassistant professorjones graduate school of management - - ms 531 ? rice university ? 6100 main street ? houston , tx 77005 ? phone : 713 - 348 - 5404 ? fax : ? ? ? ? 713 - 348 - 5251 email : wangfa @ rice . eduhttp : / / www . ruf . rice . edu / ~ wangfa / | 0 |
Subject: re : the garp 2001 convention : invitation to speak andreas , this looks ok . i look forward to receiving a formal confirmation from you . vince " andreas simou " on 08 / 17 / 2000 11 : 49 : 29 am to : cc : subject : re : the garp 2001 convention : invitation to speak dear mr kaminski thank you very much for agreeing to speak at the garp 2001 convention . i will be sending you a formal letter of confirmation in the next few days , in the meantime i have selected the session below for you and included some preliminary details ; are these correct ? i apologize if your details are not correct but this is the information that was available to me . is the title of the session to you liking , or would you like to ' spice it up ' a little ? measuring energy risk - tackling price volatility , adapting var , scenario modelling and regulatory requirements vince kaminski , head of quantitative research , enron energy once again , thank you for agreeing to participate and i look forward to working with you on this event . kind regards andreas - - - - - original message - - - - - from : to : cc : sent : thursday , august 17 , 2000 5 : 22 pm subject : re : the garp 2001 convention : invitation to speak andreas , i shall be glad to speak . i can address topic 2 or 4 ( energy risk or volatility ) . vince kaminski " andreas simou " on 08 / 15 / 2000 09 : 58 : 26 am to : cc : subject : the garp 2001 convention : invitation to speak invitation to speak garp 2001 the 2 nd annual risk management convention 13 ( superscript : th ) & 14 ( superscript : th ) february , 2001 ? marriott world trade center , new york dear kaminski further to my telephone conversation today with your secretary , shirley crenshaw , and on behalf of the global association of risk professionals , i have great pleasure in inviting you to speak at our 2 ( superscript : nd ) annual risk management convention ? garp 2001 . this event has rapidly establishing itself as the risk management industry ' s most important meeting point . garp 2000 reflected the key concerns of risk management experts world - wide , with over 400 attendees in its first year . three simultaneous streams address traditional pricing and risk management techniques , along with specialised streams addressing new sectors , such as the corporate world and the insurance industry . with a speaker panel of over 55 senior and executive financial professionals from investment banks , regulatory bodies , asset management firms , academics , insurers / re - insurers , corporate and system providers this is the financial risk management event of the year . key areas that this convention will consider include market risk ( stress testing , liquidity , jump diffusion , evt ) , credit risk ( regulation , modeling , stress testing , credit portfolio management , credit derivatives ) , operational risk , ( regulation , data , modeling , validation , evt ) advanced asset & liability management , corporate / energy risk management and the insurance & capital markets . from my research and discussions with experts in this arena your name was highly recommended as a speaker for this event . below is the stream on corporate / energy risk management and i had in mind one of the sessions below for you . also , the topic titles are provisional and i am open to suggested alterations . corporate / energy risk management modelling corporate risk ? risk management from a shareholder value perspective measuring energy risk ? tackling price volatility , adapting var , scenario modelling and regulatory requirements forward pricing ? construction of the forward curve , correlations , transparency issues the volatility challenge ? modelling price volatility and examining the new products designed to stabilise volatility energy credit risk management garp is a not - for - profit , independent organisation of risk management practitioners and researchers from leading financial institutions world - wide . garp ' s mission is to facilitate the exchange of information , developing educational programs and promoting standards in the area of financial risk management . for more information please refer to our web site : www . garp . com i sincerely hope you will be able to accept this invitation and i look forward to hearing from you in due course . should you have any questions please do not hesitate to contact me , otherwise i will call you again on to discuss this further . best regards andreas ps i have also attached a copy of garps 2000 program for your attention . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ andreas simou garp 2001 - conference producer tel + 44 ( 0 ) 20 7626 9301 fax + 44 ( 0 ) 20 7626 9900 ( see attached file : draft programme . doc ) ( see attached file : g 2000 b & wlowr . pdf ) | 0 |
Subject: re : from a previous summer intern dear giuseppe : unfortunately , i am no longer with the associate and analyst recruiting department and will be unable to assist you directly . please contact tracy warner , who is now responsible for recruiting . she will be able to assist you directly . tracy can be contacted at tracy . warner @ enron . com . i would also recommend having vince kaminski contact her as well to ensure that all communications are in order . best regards , celeste roberts giuseppe andrea paleologo @ stanford . edu on 04 / 20 / 2001 01 : 53 : 39 pm please respond to gappy @ stanford . edu sent by : gappy @ stanford . edu to : celeste roberts cc : subject : from a previous summer intern celeste , my name is giuseppe a . paleologo and you amy remember me : i was a summer intern last summer in the research group , and attended the hiring event this year at stanford . in that occasion i had an informal offer from vince kaminski , and the assurance that i would receive a written one in the following two weeks , but since then i have not received any letter from enron . i would like to know if the offer is still valid , and if it has been sent . i am asking because i am in the process of evaluating my offers , and would like to wait for enron before i make my final decision . thanks in advance , giuseppe paleologo - - giuseppe a . paleologo email : gappy @ stanford . edu office phone : ( 650 ) 725 - 0541 | 0 |
Subject: a chapter to be published in a book by clewlow / strickland darrell , grant masson , ronnie chahal and myself made a contribution to the book on energy derivatives to be published soon in australia ( a book by clewlow and strickland ) . given our growing workload and responsibilities , the quality of the paper is less than satisfactory . i would like to make sure that there are no obvious and embarrassing errors in what we submit . i would appreciate if you could take a quick look at the chapter and give us the feedback ( under the same arrangement as in the previous cases ) . thanks for looking at our storage model . i shall give you a call within the next few days to update you on our work and developments at enron . vince will start his senior year in 6 weeks . he wants to graduate and look for work : he thinks getting an advanced degree in his field makes no economic sense . he spent the summer building his own computer ( 1000 mhz clock speed ) . i was the unskilled immigrant worker toiling under his management . i hope everything is well at home and that your wife ' s company is doing great . regards . vince | 0 |
Subject: re : alp presentation dennis , thanks for you message . i shall send you more information regarding the dinner later this week . christie patrick , who is in charge of our university liaison unit , is making arrangements for the evening at the enron field . hopefully , we shall be able to combine dinner with a game . vince " dennis w . loughridge " on 04 / 30 / 2001 10 : 49 : 10 am please respond to to : cc : subject : re : alp presentation vince i will be attending the alp presentation on may 7 and would be pleased to join the team for dinner if it is not too late . thank you dennis loughridge dennis w . loughridge director of energy consortium rice university 713 - 348 - 2812 - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : tuesday , april 10 , 2001 8 : 16 am to : loughrid @ rice . edu cc : luigical @ rice . edu subject : alp presentation sorry , trying again . i probably got a wrong e - mail address and the original message was returned . vince kaminski - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 10 / 2001 08 : 15 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 04 / 10 / 2001 08 : 13 am to : barrett @ rice . edu , uecker @ rice . edu , cmiller @ rice . edu , lounghrid @ rice . edu , luigical @ rice . edu cc : vince j kaminski / hou / ect @ ect , christie patrick / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , kenneth parkhill / na / enron @ enron subject : alp presentation on behalf of enron corp . i would like to invite you to an alp project presentation by a group of students of jesse h . jones graduate school of management , rice university . the students will present the results of a research project regarding electronic trading platforms in the energy industry . the presentation will be held on may 7 , at 4 : 00 p . m . at enron , 1400 smith . we would also like to invite you to dinner , following the presentation . vince kaminski vincent kaminski managing director - research enron corp . 1400 smith street room ebl 962 houston , tx 77002 - 7361 phone : ( 713 ) 853 3848 ( 713 ) 410 5396 ( cell ) fax : ( 713 ) 646 2503 e - mail : vkamins @ enron . com | 0 |
Subject: re : ebs research telecom rercruiting effot hi kristy , please track down electronic form of the four students that we interviewed ( 2 stanford , 2 mit ) . if you need help , feel free to talk to vince to find out which one he has etc . . . . vince , there will be salal from mit coming in march 5 th ( i think , kristy please confirm ) . he is very qualified and most like a good fit . so , please let hr know that we may add a couple , etc . ravi . - - - - - forwarded by ravi thuraisingham / enron communications on 02 / 20 / 00 12 : 46 am - - - - - vince j kaminski @ ect 02 / 18 / 00 08 : 24 am to : ravi thuraisingham / enron communications @ enron communications @ enron cc : stinson gibner / hou / ect @ ect subject : re : ebs research telecom rercruiting effot ravi , our compensation for summer interns is very generous . it ' s more than what an engineering student expects . vince p . s . any progress on the resumes in electronic form ? i want to send a package to charlene today . vince ravi thuraisingham @ enron communications on 02 / 17 / 2000 02 : 34 : 01 pm to : vince kaminski , stinson gibner / hou / ect @ ect cc : subject : ebs research telecom rercruiting effot hi , vince please put your best effort in making sure that we differentiate summer interns and associates that ebs research will be hiring . i am talking about compensation here . ken rice mentioned that ebs is in the process of developing a technical equivalent of our aa pool . ebs research people can potentially rotate through this pool in the future . i just don ' t want to risk losing people like giuseppe ( & get the word out that we are low - ballers ) because we have to fit them into certain set of categories that was designed for the energy business . i realize that you have estabilished such differentiation for research as a whole , but i think that would have to be moved up a notch in the case of ebs . ravi . | 0 |
Subject: re : worldpower mark , i agree with you . they do not seem to have the market penetration we need . the benefits don ' t justify the expense . i shall notify them . vince mark palmer @ enron 01 / 21 / 2000 08 : 22 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : worldpower i think we should decline . mark | 0 |
Subject: dram trading authority here is the latest trading request : specifically it requires the following to get it over the line : vince , your concurrence with a simplistic var calculation the start - up period everybody else , your signatures , or agreement to sign via email in addition , here is the commercial presentation which wil be attached to the request on its way to eb 5007 many thanks dp | 0 |
Subject: re : visit to houston - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 03 / 02 / 2001 01 : 22 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - nick bambos on 03 / 02 / 2001 11 : 33 : 11 am to : stinson . gibner @ enron . com cc : gappy @ stanford . edu , cope @ csli . stanford . edu , bambos @ stanford . edu subject : re : visit to houston hi stinson , giuseppe , eric and i , arrive on thusday night at 10 pm . we ' ll try to reserve rooms at the doubletree hotel next to the enron building . does enron get special deals with this hotel ? > > > giuseppe , can you please make the reservations ? > > giuseppe , can you please call stinson and see how we can optimize the agenda and maximize the value of the visit . i am swamped today . . . nick , > > i hope everything is ok in palo alto . are you able to come to houston on > the 9 th of march ? please let me know of your plans so we will know what > times to set up discussions . i will try calling you tomorrow to check on > your plans , or feel free to call me . > > regards , > > stinson > 713 853 4748 | 0 |
Subject: financial mathematics - houston , august 31 and september 1 ? - speaker chase - vince kaminski . doc | 0 |
Subject: lance cunningham vince : i have left a message with teresa and have sent the following terse note to lance to let him know that we are moving . as we discussed , i asked teresa to offer 90 k + 10 k signing bonus . regards , grant - - - - - - - - - - - - - - - - - - - - - - forwarded by grant masson / hou / ect on 06 / 30 / 2000 11 : 21 am - - - - - - - - - - - - - - - - - - - - - - - - - - - enron north america corp . from : grant masson 06 / 30 / 2000 11 : 21 am to : lbcunningham @ mail . utexas . edu cc : subject : enron lance : i am going on vacation tomorrow , but i wanted to get in touch with you before i left . i have asked hr to extend an offer to you . teresa bien should be sending you an offer letter via fedex . of course , with the july 4 th weekend , i ' m not sure when you will get it . if you have questions , i suggest that you call vince kaminski at 713 853 3848 . regards , grant masson . | 0 |
Subject: re : tani , yes , i am aware of it . thanks for letting me know who is the hr rep in london . vince tani nath 05 / 02 / 2001 09 : 01 am to : vince j kaminski / hou / ect @ ect cc : tara rozen / lon / ect @ ect subject : vince , i don ' t know if you are already aware of this , but maureen raymond has been taken ill and i understand has received medical advice that she should not travel before the end of next week at the earliest . tara is the appropriate hr representative in london ; i will ask her to keep both you and houston hr informed of the situation . many thanks , tani | 0 |
Subject: re : informs abstract ( fwd ) shijie , additional changes . abstract : the power market developments in the us have created several unique challenges for energy industry economists . we discuss the major factors underlying the exceptionally high volatility of electricity prices . we feel that some of them may reflect the flaws in power pools design and incomplete transition to fully deregulated markets in generation and transmission . the title is fine . vince shijie deng on 10 / 01 / 2000 07 : 47 : 53 pm to : vkamins @ enron . com cc : subject : re : informs abstract ( fwd ) - - - - - - - - - - forwarded message - - - - - - - - - - date : sun , 1 oct 2000 14 : 29 : 20 - 0400 ( edt ) from : shijie deng to : vkaminski @ aol . com cc : shijie deng subject : re : informs abstract vince , thanks for the abstract ! for the purpose of the conference program listing , the conference organizers need a title and an abstract which is longer than 50 words . based on the abstract that you sent me , i took the liberty to make up a title and the 50 - word abstract ( attached below ) . please make changes as you feel necessary and send them back to me . i ' ll send them out to the organizers once i get your confirmation on this . best , shijie title : current challenges in modeling power price volatility author : dr . vince kaminski , head of quantitative research , enron capital & trade resources abstract : the power market developments in the us have created several unique challenges for energy industry economists . we discuss the major factors underlying the exceptionally high volatility of electricity prices . we feel that some of them may be a necessary price to pay for increased market efficiency and expanded customer choice . shi - jie deng assistant professor school of isye georgia institute of technology office phone : ( 404 ) 894 - 6519 e - mail : deng @ isye . gatech . edu home page : http : / / www . isye . gatech . edu / ~ deng on sun , 1 oct 2000 vkaminski @ aol . com wrote : > shijie , > > i am sending you the abstract for my informs presentation . > > vince > > > * * * * * > > > the last three years were characterized by exceptionally high volatility of > the power prices in the us markets . the market developments have created a > number of unique challenges for energy industry economists . one immediate > question we have to answer is how to measure volatility of energy prices . > although we can all agree that the prices in the power markets are > characterized by high variability , the traditional measures used in financial > economics ( annualized standard deviation of log price returns ) may not fit > well electricity prices . the second challenge is to explain the sources of > high price volatility and to answer the question to what extent it can be > attributed to problems that can be addressed in the long run . such problems > include flaws in market design that allow some market participants to abuse > market power , limited availability and / or unequal access to transmission , > temporary shortages of generation capacity . some factors underlying high > volatility of electricity prices may be of permanent nature and may be a > necessary price to pay for increased market efficiency and expanded customer > choice . > | 0 |
Subject: re : fwd : australian energy 2000 dear vince , i am truly grateful . that would be excellent . many thanks , joel - - - - - original message - - - - - from : vince j kaminski to : eprmconf @ asiarisk . com . hk cc : vince j kaminski ; vkaminski @ aol . com date : 02 march 2000 14 : 56 subject : re : fwd : australian energy 2000 > > > joel , > > i shall be glad to take all the remaining sections . > > i have spoken on this subject several times so it will > relatively easy to prepare it . > > vince > > > > > > vkaminski @ aol . com on 02 / 29 / 2000 09 : 27 : 19 pm > > to : vkamins @ enron . com > cc : > subject : fwd : australian energy 2000 > > > > > return - path : > received : from rly - ydol . mx . aol . com ( rly - ydol . mail . aol . com [ 172 . 18 . 150 . 1 ] ) by > air - ydo 3 . mail . aol . com ( v 69 . 17 ) with esmtp ; tue , 29 feb 2000 : 30 : 22 - 0500 > received : from srol . imsbiz . com ( srol . imsbiz . com [ 206 . 161 . 62 . 5 ] ) by > rly - ydol . mx . aol . com ( v 69 . 17 ) with esmtp ; tue , 29 feb 2000 9 : 51 - 0500 > received : from joel ( [ 210 . 176 . 232 . 92 ] ) by srol . imsbiz . com ( 8 . 8 . 8 / 8 . 8 . 8 ) with > smtp id kaao 0361 for ; wed , 1 mar 2000 10 : 29 : 44 + 0800 > message - id : > x - sender : eprmconf @ pop . asiarisk . com . hk > x - mailer : qualcomm windows eudora light version 3 . 0 . 5 ( 32 ) > date : wed , 01 mar 2000 10 : 32 : 41 + 0800 > to : vkaminski @ aol . com > from : joel hanley > subject : re : australian energy 2000 > in - reply - to : > mime - version : 1 . 0 > content - type : multipart / mixed ; > > dear vince , > i am delighted to be working with you at last . i can confirm the lessons > learned session , and i shall leave it up to you to consider the content . > the session will last one hour , including q the second topic > will > > be " value - at - risk " ( please , feel free to make this title more specific ) . > > > > i look forward to meeting you in australia in july . > > > > vince > > > > > > > > > ps . as of friday 3 rd march , i shall be back in my london office where my > email address is hanley @ risk . co . uk and my number is + 44 207 484 9885 . > > ( see attached file : varseml . doc ) > > > | 0 |
Subject: re : zakup ksiazki " inzynieria finansowa " w wnt pani grazyno , dziekuje bardzo za wiadomosc . autor ksiazki przeslal mi egzemplarz . na pewno skorzystam z okazji , by kupic inne ksiazki pani wydawnictwa . any web - site i can access ? w . kaminski " wydawnictwa naukowo - techniczne " on 03 / 01 / 2001 09 : 57 : 19 am to : cc : subject : zakup ksiazki " inzynieria finansowa " w wnt uprzejmie informuje , ze do dnia dzisiejszego nie wplynely pieniadze na zamowiona ksiazke , wobec czego uwazam to za rezygnacje z zakupu . serdecznie pozdrawiam . grazyna piesniewska | 0 |
Subject: re : mgmt 656 ( rice university ) pam , thanks . the list of e - mail addresses would be useful as well . vince pamela vande krol castro on 01 / 17 / 2001 03 : 05 : 01 pm to : vince . j . kaminski @ enron . com cc : subject : mgmt 656 ( rice university ) here are your rosters for mgmt 656 . let me know if you need a list of e - mail addresses as well . i will update you as student schedules change . - pam ( 713 - 348 - 6223 ) - 656 . doc | 0 |
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