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Subject: giuseppe paleologo molly , giuseppe is finishing his ph . d . at stanford and worked for us last summer . we would like to make him an offer to bring him as a manager . vince would like to offer $ 110 k base plus a $ 20 k signing bonus and whatever would be the appropriate relocation package ( he is single . ) . he is leaving on monday for europe , so it would be preferable if we can get an offer letter in his hands by friday or saturday . i have verbally given him this offer already , but told him that you would be the expert regarding what is covered in the relocation part . he should be sending me his current address by email which i will forward to you a . s . a . p . thanks , stinson x 34748 p . s . regarding jinbaek . we would be happy to pay his air ticket . - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 04 / 25 / 2001 03 : 26 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - giuseppe andrea paleologo @ stanford . edu on 04 / 23 / 2001 07 : 33 : 29 pm please respond to gappy @ stanford . edu sent by : gappy @ stanford . edu to : stinson . gibner @ enron . com cc : subject : re : from stinson stinso , nice to hear from you . things are going well here . the only annoyance comes from the ins . i applied for curricular practical training , and it will take about three months to have the work permit . receiving an h - 1 takes understably much longer . other than this , i would like to know how are things in the research group and ebs . i will leave for italy next monday and will stay there two weeks . i hope to hear from you before my departure . giuseppe stinson . gibner @ enron . com wrote : > > giuseppe , > > how are you ? is your thesis still on schedule ? i hope things are going > well . i will try and give you a call in the next day or two to see how > things are going and to bring you up to date on what ' s going on here at > enron . look forward to talking with you . > > - - stinson - - giuseppe a . paleologo email : gappy @ stanford . edu office phone : ( 650 ) 725 - 0541 | 0 |
Subject: re : preface for book julie , the introduction looks fine . i have made some cosmetic changes ( typos and split infinitives that slipped by ) . you can safely ignore most of them . english is not even my second language . the corrections are in pink . vince " julie " on 08 / 01 / 2000 07 : 43 : 10 am to : " vincejkaminski " cc : subject : preface for book vince , ? hope you are well . ? we spoke a while ago about who should write the preface for the book , and you kindly offered that you would provide this . ? is this still possible ? ? we realise that you are extremely busy , so chris and les went ahead and wrote something , which is below , and if you want to review , change or re - write ? the preface , that would be very appreciated . ? let me know what your thoughts are . ? thanks , julie ( we ' re getting close ) ? ? preface ? ? ? one of our main objectives in writing energy derivatives : pricing and risk management has been to bring together as many of the various approaches for the pricing and risk management energy derivatives as possible , to discuss in - depth the models , and to show how they relate to each other . ? in this way we hope to help the reader to analyse the different models , price a wide range of energy derivatives , or to build a risk management system which uses a consistent modelling framework . ? we believe that for practitioners this last point is very important and we continue to stress in our articles and presentations the dangers of having flawed risk management and giving arbitrage opportunities to your competitors by using ad - hoc and inconsistent models for different instruments and markets ( see also others who propose consistent models ? ) . ? however , it is not our wish to concentrate on one particular model or models , at the exclusion of the others because we believe that the choice should rest with the user ( although it will probably be clear from our discussions the model ( s ) we prefer ) . ? we therefore try and give as clear account as possible of the advantage and disadvantages of all the models so that the reader can make an informed choice as to the models which best suit their needs . ? in order to meet our objectives the book is divided into 11 chapters . ? in chapter 1 we give an overview of the fundamental principals needed to model and price energy derivatives which will underpin the remainder of the book . ? in addition to introducing the techniques that underlie the black - scholes modelling framework we outline the numerical techniques of trinomial trees and monte carlo simulation for derivative pricing , which are used throughout the book . ? in chapter 2 we discuss the analysis of spot energy prices . ? as well as analysing empirical price movements we propose a number of processes that can be used to model the prices . ? we look at the well - know process of geometric brownian motion as well as mean reversion , stochastic volatility and jump processes , discussing each and showing how they can be simulated and their parameters estimated . ? chapter 3 , written by vince kaminski , grant masson and ronnie chahal of enron corp . , discusses volatility estimation in energy commodity markets . ? this chapter builds on the previous one . ? it examines in detail the methods , merits and pitfalls of the volatility estimation process assuming different pricing models introduced in chapter 2 . ? examples from crude , gas , and electricity markets are used to illustrate the technical and interpretative aspects of calculating volatility . ? chapter 4 examines forward curves in the energy markets . ? although such curves are well understood and straight - forward in the most financial markets , the difficulty of storage in many energy markets leads to less well defined curves . ? in this chapter we describe forward price bounds for energy prices and the building of forward curves from market instruments . ? we outline the three main approaches which have been applied to building forward curves in energy markets ; the arbitrage approach , the econometric approach , and deriving analytical values by modelling underlying stochastic factors . ? chapter 5 presents an overview of structures found in the energy derivative markets and discusses their uses . ? examples of products analysed in this chapter include a variety of swaps , caps , floors and collars , as well as energy swaptions , compound options , asian options , barrier options , lookback options , and ladder options . ? chapter 6 investigates single and multi - factor models of the energy spot price and the pricing of some standard energy derivatives . ? closed form solutions for forward prices , forward volatilities , and european option prices both on the spot and forwards are derived and presented for all the models in this chapter including a three factor , stochastic convenience yield and interest rate model . ? chapter 7 shows how the prices of path dependent and american style options can be evaluated for the models in chapter 6 . ? simulation schemes are developed for the evaluation of european style options and applied to a variety of path dependent options . ? in order to price options which incorporate early exercise opportunities , a trinomial tree scheme is developed . ? this tree is built to be consistent with the observed forward curve and can be used to price exotic as well as standard european and american style options . ? chapter 8 describes a methodology for valuing energy options based on modelling the whole of the market observed forward curve . ? the approach results in a multi - factor model that is able to realistically capture the evolution of a wide range of energy forward curves . ? the user defined volatility structures can be of an extremely general form . ? closed - form solutions are developed for pricing standard european options , and efficient monte carlo schemes are presented for pricing exotic options . ? the chapter closes with a discussion of the valuation of american style options . ? chapter 9 focuses on the risk management of energy derivative positions . ? in this chapter we discuss the management of price risk for institutions that trade options or other derivatives and who are then faced with the problem of managing the risk through time . ? we begin with delta hedging a portfolio containing derivatives and look at extensions to gamma hedging ) illustrating the techniques using both spot and forward curve models . ? the general model presented in chapter 8 is ideally suited to multi - factor hedging of a portfolio of energy derivatives and this is also discussed . ? chapter 10 examines the key risk management concept of value at risk ( var ) applied to portfolios containing energy derivative products . ? after discussing the concept of the measure , we look at how the key inputs ( volatilities , covariances , correlations , etc ) can be estimated . ? we then compare the fours major methodologies for computing var ; delta , delta - gamma , historical simulation and monte - carlo simulation , applying each to the same portfolio of energy options . ? in this chapter we also look at testing the var estimates for various underlying energy market variables . ? finally , in chapter 11 we review modelling approaches to credit risk . ? we look in detail at two quite different approaches , creditmetrics ( j . p . morgan ( 1997 ) ) and creditrisk + ( credit suisse financial products ( 1997 ) ) for which detailed information is publicly available . ? together these provide an extensive set of tools with which to measure credit risk . ? we present numerical examples of applying these techniques to energy derivatives . ? before we begin we stress that the models and methods we present in this book are tools which should be used with the benefit of an understanding of how both the + tool , and the market works . ? the techniques we describe are certainly not & magic wands 8 which can be waved at data and risk management problems to provide instant and perfect solutions . ? to quote from the riskmetrics technical document & ( no amount of sophisticated analytics will replace experience and professional judgement in managing risk . 8 . ? however , the right tools , correctly used make the job a lot easier ! | 0 |
Subject: livelink access - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 04 / 11 / 2001 01 : 13 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - enron technology from : moyez lallani @ enron 01 / 16 / 2001 10 : 46 am to : stinson gibner / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect cc : subject : livelink access gentlemen , i have created a folder called research projects folder in the livelink test instance . the url to the test instance is to log in , use your nt login id as your userid and password ( all lowercase ) . you will find the folder on the enterprise workspace . please call me should you require further assistance . moyez lallani x 5 - 3683 | 0 |
Subject: re : london , new york , houston , financial mathematics june / july 2001 vince : are you just speaking at the one in houston ? vince j kaminski 05 / 01 / 2001 04 : 45 pm to : shirley crenshaw / hou / ect @ ect cc : subject : london , new york , houston , financial mathematics june / july 2001 fyi vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 05 / 01 / 2001 04 : 45 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " joanna vidal " on 05 / 01 / 2001 03 : 43 : 11 pm to : , " geman helyette " , , , , , , cc : subject : london , new york , houston , financial mathematics june / july 2001 hello speakers ! my name is joanna vidal and i am the coordinator for the financial mathematics training course being in held on the following dates : london on june 28 & 29 new york on july 9 & 10 houston on july 16 & 17 i am in the process of preparing the speaker packs which will include an updated contact information sheet with all your details . you will receive this pack shortly after you confirm your addresses . i will list them below and i ask that you please look it over and make any necessary corrections . my contact details , for your information are : joanna vidal events coordinator risk waters group t : ( 212 ) 925 1864 ext . 197 f : ( 212 ) 925 7585 jvidal @ riskwaters . com www . riskwaters . com thank you and i look forward to working with you . duane seppi carnegie mellon university graduate school of industrial administrations pittsburgh , pa 15213 - 3890 t : 001 412 - 268 - 2298 f : 001 412 - 269 - 8896 helyette geman universite de paris dauphine finance department au de ka grand ecole corgy pontois , paris france 95021 t : 00 33 60 - 807 - 4200 vincent kaminski enron credit 1400 smith street room ebl 962 houston , tx 77002 - 7361 t : 001 713 - 853 - 3848 f : 001 713 - 646 - 2503 peter nance teknecon , inc . 1515 s . capital of texas highway suite 101 austin , tx 78746 t : 001 512 - 732 - 7084 f : 001 512 - 732 - 7099 chris harris innogy holdings place windmill hill business park whitehill way swindon , wiltshire uk , 5 n 5 6 pb t : 44 793 387 - 7777 f : 44 793 389 - 7811 spyros maragos dynergy , inc . 1000 louisiana street suite 5800 houston , tx 77002 t : 011 713 - 507 - 6589 f : 001 713 - 767 - 5958 ehud ronn university of texas at austin department of finance mccombs school of business austin , tx 78712 - 1179 t : 001 512 - 471 - 5853 f : 001 512 - 471 - 5073 | 0 |
Subject: uk ppi curve generator with smoothing - - - - - - - - - - - - - - - - - - - - - - forwarded by zimin lu / hou / ect on 03 / 31 / 2000 01 : 43 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - anjam ahmad 03 / 28 / 2000 02 : 08 pm to : martina angelova / lon / ect @ ect , trena mcfarland / lon / ect @ ect cc : dale surbey / lon / ect @ ect , mary thambiah / lon / ect @ ect , zimin lu / hou / ect @ ect , stinson gibner / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : uk ppi curve generator with smoothing hi martina & trena , i think this is a reasonable smoothing method between the short and long - term models - let me know if you need me to explain it . i also included the short - term models so this is now a self - standing spreadsheet , but probably still needs cleaning up a bit . zimin & stinson : we agreed on short - term and long - term models for dzcv and pllu ppi indices in a meeting with dale and trena and a simple smoothing is employed to give the results as follows . blue and red curves are the proposed dzcv and pllu ppi index forward curves whilst rpi is the market - derived black curve . regards , anjam x 35383 | 0 |
Subject: re : mg metals : additional areas to look at dear richard , thanks for your message - i just met lloyd fleming who is setting up meetings for me and getting me some of the information requested . houston research has started on this process , but i believe that i will take over from here - i am in houston in 10 days time and will also discuss initial findings with them . regards , anjam hmad london research x 35383 richard sage 30 / 06 / 2000 09 : 50 to : anjam ahmad / lon / ect @ ect cc : subject : mg metals : additional areas to look at phil redman will come to see you to capture appropriate tasks on the overall project plan and identify dependencies . i hope lloyd has kept you up to date so far . i have added you to the address list for daily updates affecting the support functions . - - - - - - - - - - - - - - - - - - - - - - forwarded by richard sage / lon / ect on 30 / 06 / 2000 09 : 50 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron europe from : anjam ahmad 30 / 06 / 2000 09 : 46 to : lloyd fleming / lon / ect @ ect , richard sage / lon / ect @ ect cc : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect , bjorn hagelmann / hou / ect @ ect , dale surbey / lon / ect @ ect , tanya tamarchenko / hou / ect @ ect subject : mg metals : additional areas to look at dear lloyd & richard , i have been discussing with eric gadd about two particular areas of concern that will affect the london research group . i believe there are a number of issues to address to ensure that the integration goes smoothly from a risk management and quantitative analysis perspective , and i have put together a ( by no means exhaustive ) list : - i ) seamless transfer of front and middle office systems from an exotic options linking perspective ( e . g . their spreadsheets link to different option pricing add - ins ) ii ) development of volatility curves and factor analysis to ensure that we can capture metals risk in our var system ( we will require historical data for this ) . i am sure bjorn will be looking to the research group to assist in this matter . iii ) ensure that mg staff on quant and risk side become familiar with our methods and systems and vice versa these tasks will involve a significant degree of cross - communication with relevant contacts within mg metals , and so i look forward to starting on the process as soon as possible - i hope to play a full part from a quantitative research and risk management perspective to ensure that everything goes smoothly in this exciting new development , so please do not hesitate to involve me . best regards , anjam ahmad research x 35383 | 0 |
Subject: re : follow - up thanks , vince , that is great information . eric vince j kaminski @ ect 08 / 25 / 2000 02 : 51 pm to : eric thode / corp / enron @ enron cc : vince j kaminski / hou / ect @ ect subject : re : follow - up eric , mandeep chahal , ainsley gaddis , sofya tamarchenko , elena chilkina , james aimone should not count . m . chahal was transferred to the new company , the rest are summer interns ( gone back to school ) , or part - time high school or college kids . i shall walk around and remind the rest of the crowd about the deadline . vince eric thode @ enron 08 / 25 / 2000 02 : 31 pm to : vince j kaminski / hou / ect @ ect cc : subject : follow - up vince - - we have been working the last few days to get ena ' s united way participation rate up as high as possible . i called earlier about your cost center because the following 16 employees were listed in power trading , but i believe are part of the research organization . if you have a chance , could you encourage them to log onto http : / / unitedway . enron . com on the intranet and make a contribution to the united way . the deadline is today . thanks . eric employees in your cost center : ainsley gaddis elena chilkina james aimone jose marquez kevin moore mandeep chahal maureen raymond osman sezgen paulo issler peyton gibner pinnamaneni krishnarao samer takriti sofya tamarchenko thomas halliburton william smith yana kristal | 0 |
Subject: call option - promigas zimin , thanks for the meeting yesterday , your help is going to be very valuable for the analysis of our deal . below you will find the names of the comparable companies you can use for the study of the volatility : cablevision comcast cox communications mediaone group rogers communications time warner morgan stanley dean witter published a memorandum on january 5 / 00 " us investment research : cable television " where you can get detailed information on the performance of these companies we will be working on the histogram during the weekend and we will be sending the results to you as soon as possible . regarding the quotes for the loan guarantee we will be getting them on monday . please let me know if you will need any additional information for the volatility study thanks and regards , maria elena | 0 |
Subject: friday brown bag for options pricing hello , researchers : this friday we have paulo issler speaking on " implied trees and edgworth binomial trees " . time : 12 noon , may 26 ; place : 19 c 2 . the brown bag series has been a success thanks to your participation . hope to see you again this friday . zimin , alex . | 0 |
Subject: california 1 / 17 / 01 summary : late night efforts by the california assembly to craft a legislative solution are falling short of market and creditor expectations . bankruptcy appears increasingly likely , but the dynamics of a ch . 11 proceeding remain unclear . socal edison is likely to be the first in ch . 11 following its suspended payments to creditors yesterday and is now in a 30 day cure period . attempts to bring in the assets of the parent companies are unlikely to succeed . bankruptcy would provide davis with some political cover to implement the tough decisions that he has so far avoided on the questions of rate hikes and other costs to taxpayers connected to the proposed operations of the california power authority . 1 . legislation passes assembly , but generators and consumers remain unhappy the first legislation ( ab lx ) passed the california general assembly last night , but both generators and consumers are unhappy with the terms . generators object to the 5 . 5 cent per kw / h price in the proposed long - term contract , while consumer groups such as the foundation for taxpayer and consumer rights object to the state acting as a purchaser of power . the legislation is expected to pass the senate today and to be signed by governor davis as early as tonight . press and source reporting this morning confirms that the principal financial creditors and utility analysts are also unimpressed with the bill , which is viewed as insubstantial and falling short of creating a solution to the financial pressures on the utilities . 2 . financial institutions exposure to california utilities bank of america : $ 215 million j . p . morgan : $ 202 million there is a total of $ 12 billion in outstanding loans , but much of this ( arranged by societe general ) is to the parents national energy group and edison international . the $ 417 million mentioned above is the most immediate concern . the southern california edison loans are subject to immediate repayment in the aftermath of yesterday ' s rating downgrade to junk status . the fed will not be involved , except in a routine way as a bank regulator making sure that the appropriate risk reserves are made against the utilities ' loans and securities . there is no moral hazard here , because the fed is not going to guarantee any of the utilities ' credits , which , by the way , they do not have the authority to do . 3 . pg & e / national energy group - shielding assets despite considerable anger at pg & e for reorganizing to shield its profitable assets from its debt - plagued utility business , it would seem that davis has little authority to intervene . the question of " fraudulent conveyance " , which is a term in bankruptcy law for transferring assets to favored parties not long before a filing ( which transfer can then be reversed by the court ) would not seem to apply here , since pg dynegy has threaten to take take edison into bankruptcy court if they default pg & e current available : $ 500 m in cash and reserves due feb : lst - $ 580 m to iso 15 th - $ 431 m to california power exchange contrary to press reports and leaks from the governor ' s office yesterday about political brinksmanship , edison is clearly not playing negotiating games and is really short of cash . in this situation , it is unlikely that its executives will be making fraudulent statements . the bonds on which they failed to pay would have a 30 - day cure period . after that the trustees will move on edison , if edison has not already filed . they have three ways of financing power purchases going forward : 1 ) the state continues to buy power and sell edison ( and pg or 2 ) pending the passage of today ' s legislation , the state legislature authorizes the purchase of power through long - term contracts under the proposed borrowing authority ; or 3 ) edison files for reorganization under chapter 11 and obtains almost immediately superpriority post - petition lines of credit secured against its unmortgaged assets , which it uses to pay for power until the puc and the rest of the state government recognize that rates have to increase . 6 . new hampshire experience a guide for davis ? following the bankruptcy of the public service company of new hampshire , the bankruptcy judge was authorized by a higher court to mandate rate hikes . the prospect of imposed rate hikes from the bankruptcy court caused the state government to subsequently determine that rate hikes to consumers were unavoidable , passing a seven year rate hike of 7 . 5 percent . for davis , a similar scenario would provide him with some political cover , if he were forced by the bankruptcy court to pass through rate hikes as part of a settlement . | 0 |
Subject: re : d - g energy karla , the wording you have below sounds reasonable as we would only use the code for internal valuation purposes . i also checked with vince regarding the issues we discussed by phone yesterday . he would like to specify a 2 day response time for the software support . also , he would like to specify that the payment schedule be : 50 % at time of initial contract and 50 % at the time when the software is released . this would give them an incentive to release the software before the full year is over if they want to accelerate the payment . thanks again for all the help , stinson from : karla feldman on 09 / 06 / 2000 10 : 30 am to : stinson gibner / hou / ect @ ect cc : subject : d - g energy stinson , while trying to put together the agreements for d - g energy , i have an additional question : i need to know exactly what yall plan to do with the source code once you have it after the initial one year period is up ? there are still limitations as to what you can do with it , so i will need to know so we can try to revise the contract so that you will be legal . for example , in the language regarding release of the source code from escrow , it states that once you have the source code , you just have the " right to use , copy and modify the source code , solely for our internal purposes in connection with support , maintenance and operation of the software " . do yall plan to reverse engineer , decompile , etc ? do you plan on using any of their code to create our own product ? if so - i think these are going to be a problem . the latter would be an infringement issue , unless we were to contract to do so . please let me know more details of your plan so i can see how we need to proceed in this area . thanks , karla x 67554 | 0 |
Subject: re : enron , india database sandeep , ? we ' ve ? completed a review ? this morning to try to fill in missing pieces ? of information on hourly load shapes , hydro dispatch history , and transactions for india and have not come up with anything yet . would you know of any of the above information which would ? assist us in our efforts ? ? thanks , ? david yomogida ? - - - - - original message - - - - - from : david to : sandeep kohli cc : robert schenck - australia ; vince j kaminski ; stinson gibner sent : wednesday , january 10 , 2001 6 : 20 pm subject : enron , india database sandeep , ? below , i have summarized henwood ' s work on the india database to date . ? the " inter _ regional links . ppt " file shows the topology and links between bubbles in the our model and " expand _ india _ data _ 011000 . xls " details the existing station information that we have compiled to date . ? total resources closely match reported resources as shown in " l & r _ 0110 . xls " . reported india total in 1997 is 86 , 000 mw and that in the henwood database is 84 , 000 mw through 1997 . ? region emss database reported [ 1 ] difference india total 84 , 103 86 , 120 2 , 017 ? ? we are currently working on the development of hourly load shaping , seasonal hydro energy allocation , and the gathering of transaction information . sandeep , we will try to contact you tomorrow ( thursday - - australia ? or wednesday - - united states ) to answer any questions that you may have on this information . ? sincerely , ? david yomogida ? ? | 0 |
Subject: part - time work vince : i enjoyed the lunch and part of your presentation last week ( i had an other engagement to attend to , and hence could not make it to the rest of the presentation and reception following it ) . i appreciate the part - time offer , however , i must admit that i did not find the terms very favorable . unlike a person who is permamently located in houston , i would have the inconvenience and cost of commuting between austin and houston , and of accomodation both in austin and houston . i really would love to work in the research group and am sincere about this . i would just hope that you would consider compensating me at manager level so that i can cover transportation , accomodation expenses and more importantly , justify the decision to devote at least half of my time to enron away from my thesis . i will be looking forward to hearing from you soon . best , cantekin dincerler doctoral candidate the university of texas at austin graduate school of business department of finance office : ( 512 ) 471 - 1676 fax : ( 512 ) 471 - 5073 home : ( 512 ) 472 - 5356 cell : ( 512 ) 680 - 5355 http : / / uts . cc . utexas . edu / ~ cantekin | 0 |
Subject: texas finance festival registration the attached is the registration form and information for the texas finance festival which will be held on april 7 - 8 , 2000 in san antonio . cindy - - - - - - - - - - - - - - - - - - - - - - forwarded by cindy justice / hou / ect on 01 / 06 / 2000 08 : 35 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " john d . martin " on 01 / 03 / 2000 10 : 23 : 21 am to : cindy justice / hou / ect @ ect cc : subject : good morning ! cindy , i tried to send this out earlier and it bounced back . hope it makes it this time . john - announcerev . 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: review of paper by titman , et al resending . . . vasant - - - - - - - - - - - - - - - - - - - - - - forwarded by vasant shanbhogue / hou / ect on 10 / 10 / 2000 11 : 58 am - - - - - - - - - - - - - - - - - - - - - - - - - - - vasant shanbhogue 10 / 02 / 2000 02 : 04 pm to : vince j kaminski / hou / ect @ ect cc : subject : review of paper by titman , et al | 0 |
Subject: re : options calculator hi , michael , i will take a look . zimin michael danielson 10 / 06 / 2000 09 : 26 am to : zimin lu / hou / ect @ ect cc : subject : options calculator here ' s the link to the options calculator : | 0 |
Subject: telephone interview with the enron corp . research group good afternoon mr . xu your resume has been forwarded to the research group with enron corp . they would like to conduct a telephone interview with you at your convenience . please let me know your available dates and times along with the telephone number you may be reached at and they will call you . the interviewers would be : vince kaminski managing director stinson gibner vice president zimin lu director look forward to hearing from you . regards , shirley crenshaw administrative coordinator enron corp . research 713 / 853 - 5290 email : shirley . crenshaw @ enron . com | 0 |
Subject: treasury memo kevin , the memo looks good . one suggestion i have is to emphasize what we can deliver by end of january since that was the initial deadline . although the memo indicates that a lot of work has been done , the reader might want to know what he can get in his hand in terms of models or quantitative results . you will of course describe everything in your presentation , but given that setting up presentations may take time , you should think about creating some template / model and send it with brief explanations . for example , a template for trs as it stands , and a template listing trigger events and how the results will be displayed . you can then expand on this in your presentations . vasant | 0 |
Subject: tony hamilton / joe carson questions vince , i just wanted to follow - up with you regarding the action items that were taken away from yesterday ' s meeting with you , mike roberts , norma , and myself . 1 ) tony hamilton as you know tony ' s official start date was march 12 , 2001 , and he has yet to receive a paycheck . london ' s pay cycles are different than ours however , and they only get paid on the 20 th of each month . tony did not receive a paycheck on march 20 th because all of his new hire information has to be put into sap ( the payroll system ) by the first of the month for the employee to receive a check on the 20 th . consequently , tony will not receive his first paycheck until april 20 th . if you would like for me to try and work with the london office however and try to get him a paycheck quicker than that , please let me know . 2 ) joe carson from what i am able to gather , gary hickerson did make joe carson an offer that consisted of a one - year contract . however , gary is out of town until monday , and no one is sure of the specifics of the deal . would you like me to contace joe to find out the specifics , or would it be more acceptable for me to wait until gary returns so that i can get all of the facts . i look forward to working with you . thanks , anne labbe ' | 0 |
Subject: re : equity investment fair value in turkey john , it seems to me that using a risk - free rate is not appropriate . i shall elaborate on my position and send you a longer message this afternoon ( my time ) . vince enron capital & trade resources corp . - europe from : john bottomley 06 / 19 / 2000 05 : 55 am to : vince j kaminski / hou / ect @ ect cc : john sherriff / lon / ect @ ect , dale surbey / lon / ect @ ect subject : equity investment fair value in turkey vince , john sherriff recommended that i contact you regarding an interesting ( and potentially contentious ) option valuation issue we are currently dealing with in london . we hold longish term options in a private company in turkey which is currently seeking to ipo . the issue we are discussing with rac is which discount rate ( i . e . , risk - free ? and if so turkish or us ? ) should we use to value these options first , some additional information . option characteristics : - - 116 , 000 options ( representing 9 % of the company ) - - term : minimum of 3 years but possibly longer - - still being renegotiated - - strike price : 20 % below the upcoming ipo price ( either priced in us $ or turkish lire ) we currently hold the above number of options with a fixed price of $ 118 . 75 per option but 34 , 800 expire on july 15 , 2000 with the remainder expiring on december 15 , 2000 . the company ' s investment bankers ( abn / amro rothchilds ) are concerned regarding the strike price because it values the company at $ 118 million and they believe the company is worth approx $ 300 million . due to such a large " valuation gap " , they originally encouraged us to exercise all of the options by the end of june ( ipo target date in late sept / early oct ) . our counter - proposal is to " swap " instrinsic value for time value by repricing the options strike higher while extending their term . we are currently negotiating with rac the most appropriate discount rate to use to value the options . we are arguing that the us risk free is the most appropriate discount rate and their current position is that the company ' s historical senior debt cost ( 18 % ) is the more appropriate number to use ( although admit that this is not justifiable - - only a proxy ) a few key points : - - rac is valuing the options via crystal ball simulations such that this " to be negotiated " discount rate is used to calculate the pv of the future options intrinsic value in 3 years ( i . e . , for black - scholes , a higher discount rate yields a higher value but the opposite is true using crystal ball simulation ) - - the model simulates both an ipo / no ipo case and in the case of no ipo we have put options for our equity priced at a fixed 17 % return - - the model assigns a 30 % illiquidity discount - - in the simulated cases where the options are out - of - the - money , we obviously do not exercise . we understand that for black - scholes option valuation , one needs to be able to construct a comparable portfolio of cash flows using equity futures and the risk free in order for the valuation to hold . and here is where we reach our difficulty : since the company doesn ' t currently trade on a public market and since equity futures do not exist for turkish equities , rac is arguing that a us risk free is not appropriate to use . our argument is that the non - ipo scenario , a 30 % illiquidity discount and a us $ based option volatility are already in the factored into the simulation . as such , we feel rac ' s approach is double counting . if you managed to get through the above , your a patient man ! i ' ll give you a call today or tomorrow after you ' ve had a chance to digest the information . regards , john bottomley | 0 |
Subject: california update 5 / 4 / 01 if you have any questions , please contact kristin walsh at ( 713 ) 853 - 9510 . bridge loan financing bills may not meet their may 8 th deadline due to lack of support sources report there will not be a vote regarding the authorization for the bond issuance / bridge loan by the may 8 th deadline . any possibility for a deal has reportedly fallen apart . according to sources , both the republicans and democratic caucuses are turning against davis . the democratic caucus is reportedly " unwilling to fight " for davis . many legislative republicans and democrats reportedly do not trust davis and express concern that , once the bonds are issued to replenish the general fund , davis would " double dip " into the fund . clearly there is a lack of good faith between the legislature and the governor . however , it is believed once davis discloses the details of the power contracts negotiated , a bond issuance will take place . additionally , some generator sources have reported that some of the long - term power contracts ( as opposed to those still in development ) require that the bond issuance happen by july 1 , 2001 . if not , the state may be in breach of contract . sources state that if the legislature does not pass the bridge loan legislation by may 8 th , having a bond issuance by july lst will be very difficult . the republicans were planning to offer an alternative plan whereby the state would " eat " the $ 5 billion cost of power spent to date out of the general fund , thereby decreasing the amount of the bond issuance to approximately $ 8 billion . however , the reportedly now are not going to offer even this concession . sources report that the republicans intend to hold out for full disclosure of the governor ' s plan for handling the crisis , including the details and terms of all long - term contracts he has negotiated , before they will support the bond issuance to go forward . currently there are two bills dealing with the bridge loan ; ab 8 x and ab 31 x . ab 8 x authorizes the dwr to sell up to $ 10 billion in bonds . this bill passed the senate in march , but has stalled in the assembly due to a lack of republican support . ab 31 x deals with energy conservation programs for community college districts . however , sources report this bill may be amended to include language relevant to the bond sale by senator bowen , currently in ab 8 x . senator bowen ' s language states that the state should get paid before the utilities from rate payments ( which , if passed , would be likely to cause a socal bankruptcy ) . according to sources close to the republicans in the legislature , republicans do not believe there should be a bridge loan due to money available in the general fund . for instance , tony strickland has stated that only 1 / 2 of the bonds ( or approximately $ 5 billion ) should be issued . other republicans reportedly do not support issuing any bonds . the republicans intend to bring this up in debate on monday . additionally , lehman brothers reportedly also feels that a bridge loan is unnecessary and there are some indications that lehman may back out of the bridge loan . key points of the bridge financing initial loan amount : $ 4 . 125 b lenders : jp morgan $ 2 . 5 b lehman brothers $ 1 . 0 b bear stearns $ 625 m tax exempt portion : of the $ 4 . 125 b ; $ 1 . 6 b is expected to be tax - exempt projected interest rate : taxable rate 5 . 77 % tax - exempt rate 4 . 77 % current projected blended ir : 5 . 38 % maturity date : august 29 , 2001 for more details please contact me at ( 713 ) 853 - 9510 bill sb 6 x passed the senate yesterday , but little can be done at this time the senate passed sb 6 x yesterday , which authorizes $ 5 billion to create the california consumer power and conservation authority . the $ 5 billion authorized under sb 6 x is not the same as the $ 5 billion that must be authorized by the legislature to pay for power already purchased , or the additional amount of bonds that must be authorized to pay for purchasing power going forward . again , the republicans are not in support of these authorizations . without the details of the long - term power contracts the governor has negotiated , the republicans do not know what the final bond amount is that must be issued and that taxpayers will have to pay to support . no further action can be taken regarding the implementation of sb 6 x until it is clarified how and when the state and the utilities get paid for purchasing power . also , there is no staff , defined purpose , etc . for the california public power and conservation authority . however , this can be considered a victory for consumer advocates , who began promoting this idea earlier in the crisis . socal edison and bankruptcy at this point , two events would be likely to trigger a socal bankruptcy . the first would be a legislative rejection of the mou between socal and the governor . the specified deadline for legislative approval of the mou is august 15 th , however , some decision will likely be made earlier . according to sources , the state has yet to sign the mou with socal , though socal has signed it . the republicans are against the mou in its current form and davis and the senate lack the votes needed to pass . if the legislature indicates that it will not pas the mou , socal would likely file for voluntary bankruptcy ( or its creditor - involuntary ) due to the lack operating cash . the second likely triggering event , which is linked directly to the bond issuance , would be an effort by senator bowen to amend sb 31 x ( bridge loan ) stating that the dwr would received 100 % of its payments from ratepayers , then the utilities would receive the residual amount . in other words , the state will get paid before the utilities . if this language is included and passed by the legislature , it appears likely that socal will likely file for bankruptcy . socal is urging the legislature to pay both the utilities and the dwr proportionately from rate payments . | 0 |
Subject: re : meeting nov 8 th vince , i look forward to seeing you tomorrow around 3 : 30 / 3 : 45 . ? christie , many thanks for helping get this organized . ? i am working on the tour list also . thanks , carrie at 12 : 48 pm 11 / 7 / 00 - 0600 , you wrote : hi vince and carrie ! per my voice mails to each of you , here are your respective phone numbers : vince kaminski : 713 - 853 - 3848 carrie miller : 713 - 348 - 5260 . i hope your respective schedules allow for a meeting at rice tomorrow to discuss rice ' s action learning program . please leave me a voice mail if there is anything else i can do regarding this effort . ? ( 713 ) - 853 - 6117 . thanks ! - - christie . = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = carrie chamberlin miller director of mba program jesse h . jones graduate school of management rice university 6100 main street , ms 531 houston , texas 77005 - 1892 phone : ? ( 713 ) 348 - 5260 fax : ? ( 713 ) 348 - 5251 e - mail : ? cmiller @ rice . edu http : / / www . ruf . rice . edu / ~ jgs / | 0 |
Subject: an interview shirley , please schedule an interview with konstantin on may 8 . stinson , zimin , alex , tanya , krishna , myself . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 05 / 02 / 2001 03 : 07 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " konstantin n . kudin " on 05 / 02 / 2001 01 : 39 : 15 pm to : cc : subject : an interview dear dr . kaminski we have talked earlier during your energy class at rice about career opportunities in risk management at enron . if it is possible , i would like to meet with you and people from your group next week , preferably tuesday ( may 8 ) . my time is flexible , i could come any time . other days are also fine . thank you very much in advance . sincerely , konstantin kudin | 0 |
Subject: fwd : hea renewals & crawfish boil teaser shirley , please , enroll me in this organization . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 04 / 2000 10 : 11 am - - - - - - - - - - - - - - - - - - - - - - - - - - - jlpnymex @ aol . com on 03 / 22 / 2000 04 : 24 : 33 pm to : nalexander @ texasmonthly . emmis . com , blackj @ wellsfargo . com , rdyerlaw @ houston . rr . com , sgoldfield @ tmh . tmc . edu , ggulen @ uh . edu , lesley . guthrie @ cpa . state . tx . us , elizabethherring @ pzlqs . com , robyn _ howard @ aimfunds . com , vkamins @ enron . com , mmfoss @ uh . edu , adrian . a . nunez @ usa . conoco . com , jack _ plunkett @ plunkettresearch . com , james . stanton @ et . pge . com , dstowers @ watersinfo . com , woodybc @ bp . com cc : subject : fwd : hea renewals tue , 21 mar 2000 17 : 20 : 25 - 0500 received : from cobaltl . crescentcon . com ( cobaltl . crescentcon . com [ 208 . 244 . 126 . 12 ] ) by rly - ydol . mx . aol . com ( v 70 . 21 ) with esmtp ; tue , 21 mar 2000 17 : 20 : 07 - 0500 received : ( from httpd @ localhost ) by cobaltl . crescentcon . com ( 8 . 9 . 3 / 8 . 9 . 3 ) id qaao 2187 ; tue , 21 mar 2000 16 : 20 : 06 - 0600 date : tue , 21 mar 2000 16 : 20 : 06 - 0600 message - id : to : jlpnymex @ aol . com from : houston energy association subject : hea renewals & crawfish boil teaser dear hea member : this week is the absolute last week you can renew and be included in the annual directory . just call the office ( 713 / 651 - 0551 ) and if you have no changes , you can renew with your credit card over the phone . also , our next event is april 11 th at woodrow ' s on chimney rock . hea is proud to announce that the new york mercantile exchange ( nymex ) is our corporate sponsor of the 8 th annual crawfish boil . nymex is celebrating their 10 th anniversary of natural gas futures trading , and will be awarding several door prizes that evening . this will be the last event at which to purchase one of the remaining raffle tickets for the harley davidson sportster which will be awarded to some lucky winner at energy extravaganza on may 6 , 2000 . so renew your dues , and watch your fax and email for more details about april 11 th ! this message was sent by : teresa knight , executive director houston energy association ( hea ) phone : ( 713 ) 651 - 0551 fax : ( 713 ) 659 - 6424 tknight @ houstonenergy . org if you would like to have your email address removed from our mailing list , please click the link below to the hea home page , where you will find a mini - form to remove your name automatically . http : / / www . houstonenergy . org / | 0 |
Subject: holiday gift thank you so much for your thoughtfulness . . . . this basket is absolutely beautiful . . . . . thanks again for your thoughtfulness and for thinking of me . . . . . . you have a wonderful holiday . . . . . . kay | 0 |
Subject: re : 1 . your thur . / fri . austin trip ; 2 . presentation of my risk - management optimization model ; 3 . enron on - line ehud , sorry i shall miss you on thursday . i shall definitely attend you presentation at power 2000 . i shall ask about a guest accounton eol . typically , such an account allows an outside user to take a look at the system , but i don ' t think the traders will allow systematic access to the price data over a long period of time by a third party . vince " ehud i . ronn " on 05 / 01 / 2000 05 : 54 : 50 pm to : vince . j . kaminski @ enron . com cc : subject : 1 . your thur . / fri . austin trip ; 2 . presentation of my risk - management optimization model ; 3 . enron on - line vince , greetings . i am following up at this time with respect to the above issues we discussed in san antonio . 1 . i am leaving thur . morn for philadelphia , and shall not be back until late fri . ( my etd is 9 : 40 a . m . , which i understand is less than an hour before your arrival . . . ) thus i shall regrettably miss your current ut visit , which we had hoped to also use as an opportunity to present / discuss my enterprise - wide risk management model . 2 . that said , i shall be presenting an abridged version of this model at power 2000 ' s first day , 5 / 9 4 : 15 - 4 : 55 p . m . while i realize you ' ll be very busy over power 2000 ' s two days , should your schedule permit , i should most welcome the opportunity for you to see the model . 3 . per your suggestion in san antonio , i would like to take this opportunity to inquire whether i might obtain an enron on - line account to obtain electricity prices quoted by enron . i look forward to seeing you at power 2000 . best regards , ehud ehud i . ronn department of finance college and graduate school of business university of texas at austin austin , tx . 78712 - 1179 voice : ( 512 ) 471 - 5853 fax : ( 512 ) 471 - 5073 internet : eronn @ mail . utexas . edu | 0 |
Subject: re : eprm 2001 houston layla , a few points . i shall be glad to attend the reception . i am falling behind in getting my presentation ready . sorry for the delay . i can commit to delivering the required number of copies on the day of my presentation ( or a day before ) . i have done it on two occasions before ( power 2000 and power 1999 ) : the copies were produced by our company copy center at no cost to you . my associate , tanya tamarchenko , is helping me with one aspect of the presentation and i would like her to deliver part of my speach . it ' s only fair to give her the credit when the credit is due . is it ok to include her as an additional speaker ? vince " layla o ' leary " on 04 / 30 / 2001 09 : 04 : 52 am please respond to to : cc : subject : eprm 2001 houston dear speaker , pre - congress cocktail reception - sunday 13 th may @ 5 : 30 pm in the juniper room we would be delighted to have you attend our pre - congress cocktail reception . we will be extending this invitation to all our sponsors , exhibitors and eprm / risk waters group staff . we hope this will provide a perfect opportunity for you to meet all our staff and clients before the formal opening of eprm 2001 usa + rsvp i would also like to remind you that i need any missing presentations by thursday 3 rd may . it is essential that i get these in as the delegates rely on these to make notes and get very upset if they are not included in the packs . if you still haven ' t informed me of your av requirements , please do so as quickly as possible . i also require a short biography . i would like to point out that i will not be taking any presentations on disk to the event . if you are using a laptop , your presentation should be loaded onto the laptop that you bring with you . you must bring your own laptop and disc , with connecting cables . any questions , please do not hesitate to contact me . kind regards layla o ' leary event co - ordinator risk waters group haymarket house 28 - 29 haymarket london swly 4 rx tel : + 44 ( 0 ) 20 7484 9871 fax : + 44 ( 0 ) 20 7484 9800 | 0 |
Subject: weather and energy price data elena , please , prepare for mulong ng and power price series . we can use henry hub for ng , cinergy , cobb and pv for electricity . we can send him ng price right away . electricity prices are different : he has to obtain permission from ft ( megawatts daily ) . i shall cc you on my msg to him . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 16 / 2001 02 : 03 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - mulong wang on 04 / 15 / 2001 03 : 43 : 26 am to : vkamins @ ect . enron . com cc : richard macminn subject : weather and energy price data dear dr . kaminski : i am a phd candidate under the supervision of drs . richard macminn and patrick brockett . i am now working on my dissertation which is focused on the weather derivatives and credit derivatives . could you kindly please offer me some real weather data information about the price peak or plummet because of the weather conditions ? the past winter of 2000 was very cold nationwide , and there may be a significant price jump for natural gas or electricity . could you please offer me some energy price data during that time period ? your kind assistance will be highly appreciated and have a great day ! mulong | 0 |
Subject: re : dave , both days . vince david ikenberry on 02 / 06 / 2001 01 : 39 : 58 pm to : vince . j . kaminski @ enron . com cc : ostdiek @ rice . edu subject : hi vince , i just now heard back from andrew karolyi . he will be here on monday march 12 . would you be available for dinner either on sunday march 11 or monday march 12 ? thanks , dave * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * prof . david ikenberry jones graduate school of management rice university 713 - 348 - 5385 | 0 |
Subject: conference steve , the slides are ok . how are the negotiations with risk proceeding ? they had recently many changes ( firing people ) . vince | 0 |
Subject: re : biliana ' s resume biliana , i am glad i could help . look forward to working with you . vince biliana pehlivanova on 12 / 31 / 2000 08 : 19 : 52 am to : vince . j . kaminski @ enron . com cc : subject : re : biliana ' s resume mr . kaminski , i would like to thank you for forwarding my resume . i have resently accepted enron ' s offer for a position with the analyst program and will be joining the company in february . hope you had a merry christmas and wish you a happy new year ' s ! regards , biliana - - - vince . j . kaminski @ enron . com wrote : > > biliana , > > i forwarded your resume to the hr person > responsible for recruiting at your university > with my recommendation . > > vince > > > > > > biliana pehlivanova > on 09 / 28 / 2000 06 : 02 : 20 > pm > > to : vkamins @ enron . com > cc : > subject : biliana ' s resume > > > mr . kaminski , > > > thank you for referring me to your recruitment > representative . > > attached is my resume . i would appreciate you > letting > me know the name of the hr person whom i can folow > up > with . > > best regards , > biliana > > > = = = = = > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = > biliana pehlivanova > vice president of incoming exchange > aiesec houston > 713 743 - 4927 > = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = > > _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ > do you yahoo ! ? > yahoo ! photos - 35 mm quality prints , now get 15 > free ! > http : / / photos . yahoo . com / > ( see attached file : biliana ' s resume . doc ) > > > > attachment part 2 application / octet - stream name = biliana ' s resume . doc = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = biliana pehlivanova vice president of incoming exchange aiesec houston 713 743 - 4927 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = do you yahoo ! ? yahoo ! photos - share your holiday photos online ! http : / / photos . yahoo . com / | 0 |
Subject: re : tony hamilton tony hamilton reports to mike roberts in the houston office . vince kaminski will answer these questions for you at any given time . tony ' s start date in london will be april 9 th thanks kevin moore desleigh langfield 04 / 04 / 2001 08 : 29 am to : kevin g moore / hou / ect @ ect cc : subject : tony hamilton kevin tani nath who heads up the structuring and research teams rang this morning to get more information on tony . can you tell me who he reports to in houston and whether that person will continue to manage him remotely ? what cost centre he should be charged to ? whose headcount he appears on , and for what group he will be providing services for , tani was unsure on all of the above and wants clarification . also can you confirm his start date in london thanks desleigh - - - - - - - - - - - - - - - - - - - - - - forwarded by desleigh langfield / lon / ect on 04 / 04 / 2001 14 : 27 - - - - - - - - - - - - - - - - - - - - - - - - - - - desleigh langfield 06 / 03 / 2001 13 : 40 to : steven leppard / lon / ect @ ect cc : subject : tony hamilton steve all sorted and we will check later in the week with it that all is okay . can you please tell your assistant to organise a desk for tony , no rush obviously thanks desleigh - - - - - - - - - - - - - - - - - - - - - - forwarded by desleigh langfield / lon / ect on 06 / 03 / 2001 13 : 38 - - - - - - - - - - - - - - - - - - - - - - - - - - - desleigh langfield 06 / 03 / 2001 13 : 38 to : european resolution center / lon / ect @ ect cc : kevin g moore / hou / ect @ ect , steven leppard / lon / ect @ ect , anna seymour / lon / ect @ ect subject : tony hamilton hi tony is a uk employee who starts next monday 12 th march 2001 , we have done a quick start in nest today for him . tony will be working his first month in the houston office , however we still need to set up a log on and notes account here . can you please send the log on and password for both accounts to kevin as he will be meeting with tony on monday morning in the houston office . tony will not have a desk arranged for him until he comes back in approximately a month so no actual pc is necessary until then . one question - with a uk log on and notes account , will tony be able to access these from houston ? if it ' s complicated can you please let kevin know how to do this . any problems let me know thanks desleigh | 0 |
Subject: london research intranet felipe following our discussion please close down all intranet access to the london research group site . inaccuracies have been found in the content which may have implications for our trading operations . closing the site will force traders to contact our group direct , ensuring only correct information is passed . the site will be completely overhauled over the coming months , so i see little benefit in reinstating access to the site in the near future . many thanks , steve | 0 |
Subject: harvard - - nyu itinerary hi ! attached please find the itinerary for the harvard - - - nyu trip ; please disregard any parts of the trip that don ' t apply to you . if i have not already done so , i ' ll try this morning to get you a copy of the enron online case being taught at harvard tomorrow ( thursday ) . otherwise , i ' ll give it to you on the plane - - it ' s fewer than 15 pages , so it ' s a quick read . please call me if you have any questions ( 3 - 6117 ) . otherwise , i ' ll see you at the corporate hangar at 6 pm . ( for anyone unfamiliar with the location of the corporate hangar , i believe you can get a map / address / directions from the enron aviation department . ) thanks ! - - christie . | 0 |
Subject: job description for sr . adm . asst - research group posting norma : here is the " job description " that vince asked me to provide . let me know if you need anything else . shirley - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 08 / 07 / 2000 01 : 24 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 08 / 07 / 2000 08 : 29 am to : sheila walton / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , norma villarreal / hou / ect @ ect subject : re : anita dupont resume sheila , no , we have to go through the posting phase first . i shall ask shirley to provide the job description . vince from : sheila walton 08 / 04 / 2000 02 : 44 pm to : vince j kaminski / hou / ect @ ect cc : norma villarreal / hou / ect @ ect subject : re : anita dupont resume vince , alice has strong qualities for a sr admin asst . vince , have we posted this position on the job posting board ? if so , great . if not , we need to post this opening to prove that we have given an opportunity to all existing enron employees before we go outside to external candidates . otherwise , existing employees have a valid complaint that we are limiting their advancement within enron but hiring externally . if we have not posted this , i will have the recruiter contact shirley so shirley can give us a job description . then we can post and interview anita simultaneously . please let me know asap if this has been posted . thanks . sheila walton vince j kaminski 08 / 02 / 2000 08 : 48 am to : sheila walton / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : anita dupont resume sheila , i would like to hire anita dupont as a senior admin assistant , reporting to shirley . please , call me about it after you review the resume . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 08 / 02 / 2000 08 : 52 am - - - - - - - - - - - - - - - - - - - - - - - - - - - anita dupont @ enron 08 / 02 / 2000 08 : 17 am to : vince j kaminski / hou / ect @ ect cc : shirley crenshaw / hou / ect @ ect subject : anita dupont resume vince : here is the resume you requested . thanks . anita | 0 |
Subject: assume i will not be chairing . . . dear joel , as i have not received any reply yet re email below , i have arranged other appts for myself on monday and will not be chairing any seesions . rgds raymond 345 pm ; 14 july - - - - - - - - - - - - - - - - - - - - - - forwarded by raymond yeow / enron _ development on 07 / 14 / 2000 03 : 40 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - raymond yeow 07 / 12 / 2000 07 : 39 pm to : " joel hanley " cc : subject : re : is there any chance you could chair a session at the conference ? dear joel , will be glad to help out but had a look at the stream 2 on monday and it is 1120 am - 520 pm covering three sessions ! ! ! could i suggest that i take the 1120 am - lunch session and you can find another speaker ( s ) from day 2 to chair the afternoon session ( s ) . i am flexible if you need me to take a different time on the monday . rgds raymond " joel hanley " on 07 / 12 / 2000 03 : 37 : 39 am please respond to " joel hanley " to : cc : subject : is there any chance you could chair a session at the conference ? raymond , by the way , is there any chance you could chair a session at the conference ? glenn labhart from the us has unfortunately dropped out so i am hoping you could chair stream two on day one ( monday 17 th ) . please let me know asap . it would be a great help is you ' re available . best wishes , joel . direct : + 44 ( 0 ) 20 7484 9885 ? www . riskpublications . com | 0 |
Subject: meeting to discuss presentation materials hello vince and kenneth , my teammates and i would like to schedule a time with you to discuss our presentation materials . we would prefer to meet with you sometime on thursday so that we can have the weekend to include any changes that you may suggest , but we will accommodate your schedules . thank you for all of your help , = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = charles womack jr . mba candidate 2002 rice university jesse h . jones graduate school of management cwomack @ rice . edu cell : 281 - 413 - 8147 | 0 |
Subject: request vince , would you mind making a few luncheon comments to the texas finance festival group at our sat luncheon ? i struck out with andy and sheridan thought that you could relate very well to the group . how about it ? john 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: enron net works it is becoming increasingly clear that the development of ecommerce will have a significant and continuing impact on the conduct of business in a broad array of industries . through enrononline , enron has quickly become a major catalyst for the transition to the web in the gas and electric industries . enrononline has been an enormous success since its launch . since launch , we have completed 67 , 043 transactions on line , with a total dollar value of over $ 25 billion . enrononline is now the largest ecommerce site in the world . we believe that the competitive success of enrononline is due to one very specific reason . in addition to providing a web - based platform for transactions , enron acts as principal to provide direct liquidity to the site . we stand ready at all times , in any market conditions , to buy and sell at the posted price . this converts a & bulletin board 8 ( the more typical ecommerce concept ) into a true market . there are very few , if any , competitors that can provide this capability . we are increasingly convinced that this competitive advantage can be dramatically expanded to other products and other geographies . if we are correct , this could provide an enormous new opportunity for growth for enron . accordingly , we are initiating a major new effort to capture this opportunity . effective today we are creating a new business , enron net works , to pursue new market development opportunities in ecommerce across a broad range of industries . it is likely that this business will ultimately be our fifth business segment , joining transmission mike mcconnell , chief operating officer ; and jeff mcmahon , chief commercial officer . these individuals will comprise the office of the chairman for enron net works and remain on the executive committee of enron corp . replacing greg whalley as president and chief operating officer of enron north america is dave delainey , who will also join enron , s executive committee . global technology will remain intact but will now be a part of enron net works . it will maintain all of the same businesses and services as it did as an enron global function . philippe bibi will remain the chief technology officer for all of enron corp . and continues to be responsible for the development of worldwide technology standards and platforms . enrononline , headed by louise kitchen , will also remain intact and will now be a part of enron net works . the success of enrononline enables us to utilize this site as a model as we explore other markets . in addition , the following individuals are included in enron net works along with their current ecommerce initiatives : harry arora , public financial securities ; jay fitzgerald , new markets identification ; bruce garner , metals ; and greg piper , pulp and paper . over the next several weeks we will complete staffing and organizational design and will provide full details on this exciting new business opportunity . | 0 |
Subject: re : ( no subject ) great , please , let me know . there are several good films playing currently . vince jlpnymex @ aol . com on 04 / 04 / 2000 10 : 09 : 28 am to : vince . j . kaminski @ enron . com cc : subject : re : ( no subject ) vince , i will check with david and get back with you . i still want to hear about your california trip . jana | 0 |
Subject: re : recommendation of an outstanding baylor mba student for summer internship jim , i shall contact althea and make sure rusty meets with the research group members . vince jim garven on 03 / 28 / 2001 01 : 01 : 42 pm to : stinson _ gibner @ enron . com cc : vince _ j _ kaminski @ enron . com subject : recommendation of an outstanding baylor mba student for summer internship dear stinson , i would like to call your attention to rusty parks , who is an mba student here and has been serving as my research assistant since last fall . ? rusty is a very outstanding individual with a very impressive work ethic and interest in topics such as financial engineering and technology , particularly as these issues pertain to the energy industry . ? ? in fact , you met rusty during your recent visit to baylor ( specifically , last month over dinner at the gamma iota sigma chartering ceremony ) . i happen to know that rusty is already scheduled to visit enron for an interview for a summer internship on april 19 . ? he has been invited by althea gordon . ? if there is any possibility that you could meet with him during his visit , i am sure that he would be most grateful . ? rusty is one of the very best research assistants i have ever had , and i am sure that enron would benefit from having him aboard during the coming summer . sincerely , jim garven p . s . : please find rusty ' s resume attached to this email . james r . garven , ph . d . professor of finance & insurance department of finance , insurance and real estate hankamer school of business hsb 336 baylor university box 98004 waco , tx ? 76798 voice : ( 254 ) 710 - 6207 fax : ( 603 ) 994 - 6680 e - mail : james _ garven @ baylor . edu home page : http : / / garven . baylor . edu vita : http : / / garven . baylor . edu / dossier . html research paper archive : http : / / garven . baylor . edu / research . html - rusty parks resume . doc | 0 |
Subject: re : eastern unless we can model the protection in some form we will not know what our true exposure is . so i need our team reassessing how we can model the benefit of the credit proctection . please keep working on this . john soma ghosh 07 / 03 / 2000 17 : 57 to : john sherriff / lon / ect @ ect cc : william s bradford / hou / ect @ ect , tanya rohauer / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect , bryan seyfried / lon / ect @ ect subject : re : eastern john , we are currently not modelling the effect of insurance on eastern on an individual risk basis . i have spoken at length with houston research & credit risk management on this given that the portfolio of risk is dynamic , specific allocation of protection is not appropriate . as i mentioned in my earlier message there is $ 135 mm cap on any one loss , assuming no losses have occured prior to that . i am happy to discuss this further with you if required . bill , i ' d appreciate any comments you may have re . the above . regards , soma john sherriff 06 / 03 / 2000 15 : 06 to : soma ghosh / lon / ect @ ect , bryan seyfried / lon / ect @ ect , mariano gentilini / lon / ect @ ect cc : subject : re : eastern soma how are we modeling the affect of the insurance packages on the eastern deal ? john soma ghosh 06 / 03 / 2000 11 : 53 to : john sherriff / lon / ect @ ect cc : subject : re : eastern the protection is not a fixed allocation of protection to individual counterparties but covers the global portfolio of risk . enron has in place 3 tranches of credit insurance covering up to $ 135 mm per event . whilst the insurance is not counterparty specific , it would be available for credit loss on eastern provided that losses had not been incurred prior to an eastern loss . i have already discussed with houston credit risk management at this point in time there has been no resolution in finding an appropriate way to allocate protection by name . summary of insurance : enron absorbs the first $ 10 mm of losses in any one year capped at the aggregate of $ 30 mm over a ten year period . aegis absorbs the next $ 35 mm of losses for the same ten year period . chubb will pick up the next $ 50 mm losses for any single event and $ 100 mm in losses in the aggregate for 5 years rsa takes the next $ 50 mm for losses in excess of $ 95 mm over a five year period & covers the top 9 counterparties by exposure regards , soma john sherriff 03 / 03 / 2000 18 : 16 to : soma ghosh / lon / ect @ ect cc : subject : re : eastern soma how does the company ' s credit insurance ( done by houston last year ) affect this exposure ? john soma ghosh 03 / 03 / 2000 16 : 24 to : john sherriff / lon / ect @ ect cc : david weekes / lon / ect @ ect , steve w young / lon / ect @ ect , barry pearce / lon / ect @ ect , fernley dyson / lon / ect @ ect , william s bradford / hou / ect @ ect , rick buy / hou / ect @ ect , oliver gaylard / lon / ect @ ect subject : re : eastern please note that total exposure $ number is $ 979 . 8 mm not $ 783 . 2 mm . apologies , soma - - - - - - - - - - - - - - - - - - - - - - forwarded by soma ghosh / lon / ect on 03 / 03 / 2000 16 : 22 - - - - - - - - - - - - - - - - - - - - - - - - - - - soma ghosh 03 / 03 / 2000 16 : 17 to : john sherriff / lon / ect @ ect cc : david weekes / lon / ect @ ect , steve w young / lon / ect @ ect , barry pearce / lon / ect @ ect , fernley dyson / lon / ect @ ect , william s bradford / hou / ect @ ect , rick buy / hou / ect @ ect , oliver gaylard / lon / ect @ ect subject : re : eastern john , as requested : total exposure as at 29 feb 2000 : o 620 . 9 mm ( $ 783 . 2 mm ) eurocash i monetezation : - ol 24 . 7 mm ( - $ 196 . 1 mm ) less credit derivatives : o 40 . 0 mm ( $ 63 . 1 mm ) total net exposure as at 29 feb 2000 : o 456 . 2 mm ( $ 713 . 9 mm ) net month on month increase : ol 25 . 4 mm ( $ 197 . 9 mm ) total value of eastern group guarantee : o 520 mm ( $ 820 . 6 mm ) amount backed by txu : zero as well as the increase in overall exposure , please note the change in shape of the exposure month on month most notably credit exposure now peaking at the front end of the transaction ( ex credit derivs . the max exposure is at day 1 ) , compare to max . exp . at feb 2005 for month end jan . . shape of profile & increase in mtm primarily due to : - power curve downward shift at front end yrs 0 - 11 - power curve upward shift at back end yrs 12 - 18 - gas curve upward shift yrs 1 - 5 . | 0 |
Subject: petition for summer internship celeste , i am recommending jason sokolov for summer internship with enron . jason is currently working part - time for mike roberts and makes very valuable contribution to a number on - going projects . we are very happy with his performance and see him as a valuable future enron employee . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 05 / 2000 07 : 30 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : jason sokolov 01 / 04 / 2000 01 : 32 pm to : vince j kaminski / hou / ect @ ect cc : subject : petition for summer internship vince : as we discussed earlier , i attached the copy of the petition for my summer internship with enron analyst and associate group . i also have the hard copy of the letter , which i will deliver to you presonally . i am looking forward to , finally , become an official enron employee . thank you very much for your valuable contributions to my experience with the company . jason sokolov | 0 |
Subject: re : p + spread options fyi - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 01 / 29 / 2001 12 : 48 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : jeffrey a shankman on 01 / 29 / 2001 12 : 38 pm to : stinson gibner / hou / ect @ ect cc : john l nowlan / hou / ect @ ect , don schroeder / hou / ect @ ect subject : re : p + spread options let ' s get together on this in the next couple of days . thanks . jeff stinson gibner 01 / 29 / 2001 12 : 10 pm to : jeffrey a shankman / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : p + spread options jeff , we are reviewing the p + spread option book . one item of note is that the correlations used to book the spread options have dropped significantly from what was being used a year ago ( see charts below ) . i also remember that john mee was using even higher correlations when he ran this book . in fact he wanted to book options with a correlation of 1 . 0 , but our model would not allow it , so he was using 0 . 999 . we are currently calculating historical correlations for you as well . if you want , vince and i can review this with you at the end of the day . just let me know what time would be convenient . - - stinson x 34748 | 0 |
Subject: rice seminar hello all : fyi : jones graduate school research seminar series in finance sponsored by enron corp . alon brav fuqua school of business duke university will give a seminar at the jones school on friday , march 31 , " competing theories of financial anomalies " * the seminar will begin at 3 : 15 pm in room 115 . * note the slightly early start time to accommodate an early flight . a pdf of the paper is available through the seminar website | 0 |
Subject: re : yvan ' s application thanks for your help , vince . molly vince j kaminski 05 / 11 / 2000 08 : 29 am to : molly magee / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : yvan ' s application molly , i am enclosing my recommendation letter for yvan chaxel . vince | 0 |
Subject: congratulations your majesty , congratulations on your well deserved promotion to managing director . i am very happy for you and a little sad as well because this was so long overdue . the list every year was not complete without your name on it . we shall need to celebrate this sometime . all the best , tony . | 0 |
Subject: risk 2000 boston - speaker reception 12 june 2000 there will be a drinks reception taking place on monday 12 june 2000 between 6 . 00 - 7 . 00 pm in the lower level of the congress center - for speakers , sponsors and exhibitors of risk 2000 , boston ? please let me know if you would like to attend so we can guage numbers . ? best regards , oliver ? ? ? direct : + 44 ( 0 ) 20 7484 9880 ? risk publications , 28 - 29 haymarket , london swly 4 rx fax : + 44 ( 0 ) 20 7484 9800 ? email : oliver @ risk . co . uk www . riskpublications . com | 0 |
Subject: re : university of texas conference on energy finance , february 2001 vince , greetings . i write at this time to follow up on your kind intercession on our behalf with jeff skilling ' s office regarding his participation in our spring conference . we have secured hotel rooms at the radisson hotel , will shortly have to provide a guarantee on those rooms , and would therefore like to ascertain his participation as keynote speaker the evening of thur . 2 / 22 . hope all is well . see you oct . 11 th , if not sooner . best , ehud ehud i . ronn jack s . josey professor in energy studies department of finance mccombs school of business university of texas at austin austin , tx . 78712 - 1179 voice : ( 512 ) 471 - 5853 fax : ( 512 ) 471 - 5073 internet : eronn @ mail . utexas . edu | 0 |
Subject: natural gas production vince - i spoke with roy kass of the energy information agency this morning . apart from clarifying the timeliness , or lack thereof , of the published state - specific wellhead production estimates , he indicates their scientists find severe weather in the fields ( freezes , hurricanes ) to be a far more significant issue in production , and in wellhead prices , than is severe weather in the northeast , for instance . also , he agrees with you as to there being strictly increasing marginal costs in production , there being a rich texture of wells in terms of their efficiency , technologies , maintenance and investment issues . clayton | 0 |
Subject: re : john martin - baylor cindy , i am in wharton on december 6 . other days prior to dec 6 are ok . vince from : mark palmer @ enron on 10 / 25 / 2000 10 : 33 am sent by : cindy derecskey @ enron to : vince j kaminski / hou / ect @ ect cc : christie patrick / hou / ect @ ect subject : john martin - baylor good morning vince , christie has suggested that i be the liaison for john martin and your research project ' enron - case study of a company reinventing itself ' . in john ' s lastest email , he suggested that the first week of december works with his schedule - up to december 6 th - or the following couple of weeks after dec . 8 th . do these dates work for you as well ? if so , i will proceed in booking one hour sessions with the following enron management : ken lay jeff skilling andy fastow if these dates do not work for you let me know when you are available and i will try to coordinate with john , jeff , ken and andy . also , i will send an introductory email to john . i ' m looking forward to hearing from you , cindy derecskey 3 - 5670 | 0 |
Subject: re : mgmt 656 jack , this is up to the mba program . i have no problem if they agreed to it . the only constraint is the space and we shall have to address the issue on thursday during the first class . vince " jack blanton , jr . " on 02 / 28 / 2001 03 : 09 : 16 pm to : vince . j . kaminski @ enron . com cc : subject : mgmt 656 dear proffesor kaminski i wish to audit the energy derivatives class which you are teaching on thursday nights . i am currently a second year student in the emba program and am chairman of nicklos drilling company . nicklos drilling currently operates three land rigs along the texas gulf coast and is constucting a fourth . i have received permision from the emba program to audit the class and the only conditions would be your permission and space avalability . thank you for your consideration , jack s . blanton , jr . jblantonjr @ yahoo . com 713 - 222 - 0191 do you yahoo ! ? get email at your own domain with yahoo ! mail . http : / / personal . mail . yahoo . com / | 0 |
Subject: re : followup vince , i have left a message w / bruce requesting the password for the neural network site , and am waiting for his reply . trish vince j kaminski 06 / 16 / 2000 10 : 16 am to : patricia tlapek / hou / ect @ ect cc : subject : re : followup trish , i could not access his neural network site . it requires access password . vince from : patricia tlapek 06 / 12 / 2000 03 : 57 pm to : vince j kaminski / hou / ect @ ect cc : subject : followup - - - - - - - - - - - - - - - - - - - - - - forwarded by patricia tlapek / hou / ect on 06 / 12 / 2000 03 : 57 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - barcharts @ aol . com on 06 / 09 / 2000 10 : 01 : 59 am to : patricia . tlapek @ enron . com , mike . roberts @ enron . com cc : subject : followup good morning , i enjoyed visiting you yesterday afternoon to discuss the opportunity at enron . sounds exciting , challenging and a good use of a lot of my skills and experience . i look forward to further talks , hopefully this coming week . i mentioned a couple web sites and don ' t know if they came through clearly on the phone with my sore throat . the neural network approach to timing can be found at http : / / www . pfr . com / ptonline / the introductory piece on technical analysis i wrote for forbes . com and the glossary can be found at htttp : / / www . forbes . com / tool / html / 00 / jun / 0603 / feat . htm i am also working with long time friend and neighbor steve nison with his site and you can see the first on line lesson for free at http : / / www . candlecharts . com / have a nice weekend . hope to hear from you next week . bruce m . kamich , cmt barcharts @ aol . com 732 - 463 - 8438 | 0 |
Subject: re : fw : parent - subsidary model hi iris we started off with about 105 companies , which were enron europe ' s uk power and gas desk counterparties . i ' m not sure where you got the figure of 500 from - maybe this is the entire enron europe counterparty list , which constitutes the next major effort for end - july . from this list of 104 , only the 72 in the spreadsheet had information in amadeus . the other firms had no information available , most likely because they were too new . ben from : iris mack / enron @ enronxgate on 17 / 04 / 2001 19 : 37 cdt to : ben parsons / lon / ect @ ect cc : tomas valnek / lon / ect @ ect , amitava dhar / corp / enron @ enron , mike mumford / lon / ect @ ect , vasant shanbhogue / enron @ enronxgate , vince j kaminski / hou / ect @ ect subject : re : fw : parent - subsidary model hi again , thanks for the financial data on enron ' s european counterparties . it is my understanding that you started out with a list of 500 such counterparties . however , your spreadsheet only contains information for 72 of these european counterparties . will you please tell me the logic behind the elimination of the 400 + other counterparties ? thanks so much , iris - - - - - original message - - - - - from : parsons , ben sent : tuesday , april 17 , 2001 2 : 56 am to : mack , iris cc : valnek , tomas ; dhar , amitava ; mumford , mike subject : re : fw : parent - subsidary model hi iris the inputs and outputs generated by riskcalc can be seen in the attached file : > we only looked at the 5 - yr pd . inputs are in columns a - u . these are the inputs generated by amadeus . you can run these inputs through the riskcalc model over the web ( http : / / www . moodysqra . com / privfirm ) using the login : dupred , password : detective . this is our trial licence which lasts for about 2 more weeks ( mike mumford will have more details about the current licence ) tomas valnek was getting the data from the amadeus database , so i ' ll leave it to him to determine if houston access is possible . in the meantime you can use the dataset attached for testing purposes . ben from : iris mack / enron @ enronxgate on 12 / 04 / 2001 17 : 58 cdt to : ben parsons / lon / ect @ ect cc : amitava dhar / corp / enron @ enron subject : fw : parent - subsidary model hi ben , how are you ? today we had a meeting with craig chaney and jeff kinneman to discuss the private firm model . they requested that i spend some time carefully analyzing the moody ' s riskcalc model . i noticed that you also have been looking at riskcalc - as indicated in your paper entitled " pricing parent companies and their subsidiaries : model description and data requirements " other than the example discussed in your paper , did generate any other test statistics , scores , etc . also , you stated that you used amadeus database . we are in the process of trying to obtain data from various data vendors - but that may take a while . in the mean time , may we have access to the amadeus database or some sample dataset ? thanks so much , iris - - - - - original message - - - - - from : valnek , tomas sent : tuesday , april 10 , 2001 9 : 10 am to : fiala , markus ; seyfried , bryan ; salmon , scott ; kirkpatrick , eric ; mumford , mike ; fontaine , jean - sebastien ; brooks , simon ; price , nigel ; diprose , robert ; rezaeian , reza ; gordon , mike ; lee , derek ; hershkovitz , ilan ; golden , sally ; stephan , nicholas ; albanis , george ; shanbhogue , vasant ; mack , iris cc : parsons , ben subject : parent - subsidary model attached is a description of the parent - subsidiary model that ben and i have been working on over the last few weeks . comments welcome ! tv > | 0 |
Subject: risk 2000 - boston dear vince , i apologise for sending another email . i was wondering if you could confirm your talk title ( plus some bullet points ) for your presentation at our annual us congress . i have attached a condensed programme for the event - you are speaking on stream three , part of the new research in derivatives modelling and analysis section . unfortunately we are printing the brochure at the end of the week and will need these details by thursday 27 january . best regards , oliver direct : + 44 171 484 9880 risk publications , 28 - 29 haymarket , london swly 4 rx fax : + 44 171 484 9800 email : conf - ny @ msn . com www . riskpublications . com - attl . htm - condensed . doc | 0 |
Subject: friday brown bag on derivative pricing hello all : if you think any of your people would be interested in the following - please pass the messages on . thanks ! * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * message one dear everyone , we understand the as members of enron research group , all of us are working on very interesting projects , some of which are ground - breaking , and we all keep a very keen mind on any development of new technology . we also find out , through our own experience , that at this age of information explosion , it becomes more and more difficult to have enough time and energy to keep abreast with most of the exciting stuff taking place in this department , let alone in the industry . it is also our personal experience that many a project we are working on has partially been attempted by other members of this group . as a remedy , we propose that the research group start an informal brown bag lunch group meeting , once every two weeks on friday , for about 50 minutes . it is hoped that it will provide a forum for us to facilitate with new technology and development , as well as with each other , s work , so that we do not have to reinvent the wheels . we envision the following : in this meeting ( or seminar ) , each one of us will take turns to make presentations to the group . the topics could range from theoretical consideration to practical implementation , be it option pricing , process modelling , insurance issue , or monte carlo simulation , or anything one finds fascinating . the presentation material could be papers you have been reading recently , projects you are working on , some problem that bothers you , or an idea that is fascinating . you choose your own presentation style . it could be everything - you - always - wanted - to - know - but - were - afraid - to - ask , hand waving style , or it can involve nitty - gritty , detailed derivations , anyway a style that suits you and the topic . or it can simply be a dry - run for your presentation at the next risk conference . zimin and alex will take upon the responsibility of organizing the seminar . we hope the seminar will be up and running in two - three weeks . for that purpose your support will be greatly appreciated . please let either zimin or alex know if you are interested in giving a presentation to the group and provide a tentative schedule . surely the rest of the group will be happy to hear your presentation . we encourage everyone to participate this brown bag meeting , either to give a talk or just sit in . zimin lu alex huang message two dear everyone , it looks like the proposed bblop has great support and is to have a great start . vince , grant , , amitava , kevin , clayton and chonawee have promised to give presentations to us . vince will kindly deliver the inaugural presentation next friday ( march 31 ) on new methodology for option pricing ( precise title tba ) . bblop will start at 12 noon and last about 45 to 50 minutes . let ' s make this a new enron tradition ! best regards . zimin , alex | 0 |
Subject: re : seminar series mug barabara , it looks great . it ' s a very nice design . vince barbara ostdiek on 08 / 15 / 2000 10 : 26 : 12 pm to : vince . j . kaminski @ enron . com ( vince kaminski ) cc : subject : seminar series mug vince : i have attached the general design we are proposing for the enron seminar series mug . we have a little refinement to do - spacing here and there a couple type - o ' s but this is the idea . if you like it , we will put an order in . i ' ll put out an announcement on the seminar schedule shortly . so far the fall line up includes will goetzman - yale , lenard mirman - virgina , jeff pontiff - u . of washington , george allyannis - darden , and charles lee - cornell . thank you . bbo - mugl 1 . pdf | 0 |
Subject: seating on the 32 nd floor mike roberts eb 3240 a jose marquez eb 3240 b kevin moore eb 3240 c vince kaminski eb 3240 d patricia tlapek eb 3240 e william smith eb 3240 f elena chilkina eb 3240 g open eb 3239 f charlie weldon eb 3239 e open eb 3274 a open eb 3273 a these are the only seats we have on the 32 nd floor . the two open spaces are being used by another group temporally . if you need additional information please feel free to call x 34710 . thanks kevin moore | 0 |
Subject: dr . kaminski , thank you for giving me an opportunity to talk with you and zimin . it ' s my great pleasure to meet with you and your group members . i met zimin last week . we had a wonderful talk . after our meeting , i handed in him my current resume . he may already forwarded my resume to you . if not , i will be very happy to send you a copy . by talking with you , zimin and by attending your presentation yesterday at uh , i find i am really interesting the fields that you are working on . i am deeply impressed by the research works your team have done and i am looking forward i am able to become one of your members . i am also looking forward to be able to do researches under your guidance . i strongly feel that your research department provides the kind of jobs and environments that i have been looking for a long time . my career objective matches your research fields and directions . i believe my training in mathematics and computer science will provide me some necessary backgrounds in energy risk management . i am also sure that by working with you , i can greatly expand my it skills and experiences . i also can learn tremendously from you and your research teams . currently after finishing my programing work as an it spcialist , i am reading john hull ' s book and try to catch up necessary background in finance and related fields . i am also readingyour " managing energy price risk " book . thank you for giving me a copy of this book . again , thank you for giving me this opportunity and i am looking forward to working in your team . john hou 713 - 853 - 1600 | 0 |
Subject: energy book hi grant , hope all is well with you . i trust you got my message via the voicemail that ileft with vince late friday afternoon about my inability to travel - i ' m trying to rearrange my trip for a couple of week ' s time when my ear has cleared up , and i look forward to meeting with you one day . i wrote to vince last week asking for a favour , but i ' m not sure ifhe is there in houston . i know that you guys are probably very busy but i was wondering if you can write a few sentences for me . i ' m sending out some sample chapters to the people who responded positively ( all of them ! ) to my request for some feedback on the book . chapter 1 has an ' overview ' of the book with just a couple of sentences on each chapter . could you please write a sentence or two for your chapter ? i ' m including what i have already written ( although i think it has changed slightly from this version ) so that you can see the style . many thanks and best regards . chris . 2 overview of this book this book aims to provide an in - depth understanding of the pricing and risk management of energy derivatives . in the remainder of this chapter we give an overview of the fundamental principals needed to model and price energy assets , and which underlie the rest of the book . as well as introducing the techniques that underlie the black - scholes modelling framework we discuss the numerical techniques of trinomial trees and monte carlo simulation for derivative pricing which are used extensively later in the book . in chapter 2 we analyse spot energy prices . apart from describing empirical prices we propose a number of processes that can be used to model the prices . we look at the well - know process of gbm as well as mean reversion , stochastic volatility and jump processes , discussing each , and showing how they can be simulated and their parameters estimated . chapter 3 , written by vince kaminski and grant masson of enron capital and trade . chapter 4 examines forward curves in the energy markets . although such curves are well understood and straight forward in the world debt markets the difficulty of storage in many energy markets leads to less well defined curves . what we do in this chapter chapter 5 presents an overview of the common and not - so - common derivative structures in the energy markets and discusses their uses . examples of products analysed in this chapter include a variety of swaps , caps , floors and collars , as well as energy swaptions , compound options , asian ( or average rate ) options , barriers , lookbacks , and ladder options . chapter 6 investigates single and multi - factor models of the energy spot price and the pricing of some standard energy derivatives . closed form solutions for forward prices , forward volatilities , and european option prices are derived and presented for all the models in this chapter including a three factor stochastic convenience yield and interest rate model with jumps . chapter 7 shows how the prices of path dependent and american style options can be evaluated for the models in chapter 6 . simulation schemes are developed for the evaluation of european style options and applied to a variety of path dependent options . in order to price options which incorporate early exercise opportunities , a trinomial tree scheme is developed . this tree is built to be consistent with the observed forward curve and can be used to price exotic as well as standard american style options . chapter 8 develops a new methodology for valuing energy options based on modelling the market observed forward curve . the approach results in a multi - factor model that is able to capture realistically the evolution of a wide range of energy forward curves and where the user defined volatility structures can be of an extremely general form . closed - form solutions are developed for pricing standard european options and efficient monte carlo schemes for exotic options . the chapter finishes with a discussion of the valuation of american style options . chapter 9 focuses on the risk management of energy derivative positions . in this chapter we discuss the management of price risk for institutions that sell options or other derivatives to a client and who is then faced with the problem of managing the risk through time . we begin with delta hedging a portfolio containing derivatives and look at extensions to gamma hedging - using the models from chapters 5 and 7 . the general model of chapter 7 ideally suited to multi - factor hedging and this is also discussed . chapter 10 looks at the key risk - management concept of value at risk applied to portfolios containing energy derivative portfolios . after discussing the concept of the measure , we look at how the key inputs ( volatilities , covariances , correlations , etc ) can be estimated . we then compare the fours major methodologies for computing var ; delta , delta - gamma , historical simulation and monte - carlo simulation . finally , we look at testing the var estimates for various underlying energy market variables . | 0 |
Subject: storage meeting ladies and gentlemen , due to unavailability of conference rooms on the 44 th floor i have reserved a conference room on the 19 th floor from 2 : 30 pm to 4 : 30 pm . the room number is 19 c 2 . i realize some people might not be able to attend , so please let me know and i will e - mail you a summary of the discussions after the meeting . i would also like to suggest that we make this a regularly scheduled meeting and have it bi - weekly or monthly . this will allow everyone to share their opinions and knowledge to direct or redirect our efforts based on the market situation . please let me know if you have any comments or suggestions . thank you . shalesh ganjoo | 0 |
Subject: re : my son vince , i left a message with one of yaron ' s roommates on thursday afternoon for him to call asap for an interview on sunday . i guess he took the wrong number down but i do not understand this because the roommate read the number back to me and it was correct . when i did not hear from yaron i called on friday and left a voice mail with my cell and office numbers . i still did not hear from him and called again yesterday morning . i finally received a call at 4 pm yesterday but by that time my team and myself were half way back to houston . sorry it did not work out . i have a call into charlene jackson as to how she wants me to proceed and i will get back with you . kristin vince j kaminski @ ect 11 / 01 / 2000 08 : 40 am to : john goodpasture / ots / enron @ enron , kristin gandy / na / enron @ enron cc : subject : my son fyi vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 11 / 01 / 2000 08 : 47 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " shmuel oren " on 10 / 31 / 2000 02 : 27 : 18 pm to : cc : subject : my son vince apparently the recruiter spoke to one of my son ' s roommates and left a phone number ( 713 ) 343 - 3214 which he tried several times and got busy signals . today she called just before you called me and left her cellphone number but he was in classes all morning and got the message in the afternoon . i really appreciate your going out of your ? way to help . perhaps there will be another opportunity . ? shmuel ? | 0 |
Subject: talon vince : here is the document sent by ryan today . i did not have the chance to look at it yet . paulo issler - - - - - - - - - - - - - - - - - - - - - - forwarded by paulo issler / hou / ect on 04 / 12 / 2000 04 : 19 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - ryan siurek @ enron 04 / 12 / 2000 10 : 05 am to : paulo issler / hou / ect @ ect cc : subject : re : draft analysis fyi - - - - - - - - - - - - - - - - - - - - - - forwarded by ryan siurek / corp / enron on 04 / 12 / 2000 10 : 05 am - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital management from : trushar patel 04 / 11 / 2000 09 : 49 am to : ryan siurek / corp / enron @ enron cc : subject : re : draft analysis - - - - - - - - - - - - - - - - - - - - - - forwarded by trushar patel / corp / enron on 04 / 11 / 2000 09 : 49 am - - - - - - - - - - - - - - - - - - - - - - - - - - - ian . c . dsouza @ us . pwcglobal . com on 04 / 04 / 2000 01 : 42 : 34 pm to : trushar . patel @ enron . com cc : steven . j . stampf @ us . pwcglobal . com , timothy . luehrman @ us . pwcglobal . com subject : re : draft analysis hi trushar please find attached our draft analysis . it is still very preliminary as we have not been provided the latest version of legal documents and so the analysis reflects our understanding of the economics of the transaction as outlined to us based on discussions with enron and available prior draft documentation . . the analysis uses the enron share price as of march 28 , 2000 ( $ 72 . 81 ) and assumes the ljm 2 distribution is based on $ 30 m or 25 % irr . we anticipated that this might reach 30 % irr based on enron discussions with ljm 2 . please call steve stampf ' s phone number for tomorrow ' s conference call at 9 . 30 am our time on 212 597 3162 . regards ( see attached file : raptor v 5 . ppt ) the information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and / or privileged material . any review , retransmission , dissemination or other use of , or taking of any action in reliance upon , this information by persons or entities other than the intended recipient is prohibited . if you received this in error , please contact the sender and delete the material from any computer . - raptor v 5 . ppt | 0 |
Subject: enron team 3 question hi melinda ! we need to get this to john henderson , but he did not come up on my email . otherwise , likely any manager level at new power would know . any help in forwarding would be great ! thanks ! - - christie , - - - - - forwarded by christie patrick / hou / ect on 03 / 27 / 01 07 : 47 pm - - - - - " degiacinto , clayton " 03 / 27 / 01 02 : 51 pm to : " ' christie . patrick @ enron . com ' " cc : vince . j . kaminski @ enron . com subject : enron team 3 question hi christie and vince , we really look forward to seeing you all next week . we ' ve learned a lot working on this project , and think we will provide some useful information for you . if possible , we need to know what states newpower is operating in . specifically , what states there is a current marketing campaign ? should i ask melinda mccarty for this information ? thanks again for your help . regards , tiger team 3 | 0 |
Subject: erac koch p + spread options - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 01 / 29 / 2001 10 : 42 am - - - - - - - - - - - - - - - - - - - - - - - - - - - stinson gibner 01 / 29 / 2001 09 : 47 am to : bob lee / na / enron @ enron , paulo issler / hou / ect @ ect , zimin lu / hou / ect @ ect cc : subject : erac koch p + spread options booking spreadsheet in in o : \ research \ common \ projects \ exotic 2001 _ 0125 . xls sheet where options are booked is called " index deals " . - - stinson - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 01 / 29 / 2001 09 : 43 am - - - - - - - - - - - - - - - - - - - - - - - - - - - mark fondren 01 / 26 / 2001 10 : 53 am to : stinson gibner / hou / ect @ ect cc : subject : erac koch p + spread options - - - - - - - - - - - - - - - - - - - - - - forwarded by mark fondren / hou / ect on 01 / 26 / 2001 10 : 53 am - - - - - - - - - - - - - - - - - - - - - - - - - - - mark fondren 01 / 25 / 2001 12 : 07 pm to : john l nowlan / hou / ect @ ect cc : spencer vosko / hou / ect @ ect subject : erac koch p + spread options price 1 = wti cushing physical cash price ( wti nymex contract ) for example , the april 2001 wti cushing price equals the aprol wti nymex contract . price 2 = koch oil posting for west texas / new mexico intermediate . koch p + = price 1 - price 2 price 2 is calculated by subtracting 3 spreads from price 1 1 . koch posting / wti nymex basis spread 2 . 66 . 6 % ( aprilol / mayol wti nymex spread ) 3 . 33 . 3 % ( aprilol / junol wti nymex spread ) example using 1 / 24 / 2001 wti settles aprol 28 . 31 mayol 27 . 72 junol 27 . 19 april 2001 koch posting = april 2001 wti nymex settlement - koch / nymex basis spread - . 666 ( apr / may ) - . 333 ( apr / jun ) = 28 . 31 - 2 . 75 - . 666 ( . 59 ) - . 333 ( 1 . 12 ) = 28 . 31 - 2 . 75 - . 3929 - . 37296 = 24 . 794 koch p + = 28 . 31 - 24 . 794 = 3 . 516 please call with any questions mark f ext 853 - 1982 | 0 |
Subject: " enron day " to be declared in spearman , texas vince , f . y . i - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 09 / 20 / 2000 02 : 28 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - stinson gibner 09 / 20 / 2000 02 : 28 pm to : cindy olson / corp / enron @ enron cc : subject : " enron day " to be declared in spearman , texas cindy , you may or may not remember that i sent a short note to you last may outlining a fundraising effort for the hansford county library in spearman , texas . the community was challenged to raise $ 20 , 000 which i offered to match 2 to 1 . with enron foundations employee match , this grows to a total mathching ratio of $ 4 for every $ 1 raised by the community . ( of course , because of the $ 15 , 000 / year limit , i have to spread my gifts over several years in order to get the total amount matched by enron . ) sherry benton , the librarian in spearman just called and gave me the great news that the $ 20 , 000 in community donations has been achieved . in fact , i expect that the total community number will come to almost $ 25 , 000 once all of the donations are received . in order to recognize our part in all this , the mayor of the town is planning to declare october 17 th as " stinson gibner and enron day " in spearman , and they would like to have some public ceremony to bestow this recognition . there will be coverage by the local radio station and newspaper and , possibly , by the amarillo newspaper as well . they are asking if a representative from enron ( other than myself ) would be interested in coming to spearman for this event . please let me know if you or anyone else would be interested in doing this . spearman is about a 90 minute drive north from the airport in amarillo , and it is possible to get there and back to houston on the same day . thanks , stinson gibner x 34748 p . s . is there any possibility of getting a one time raise on the $ 15 , 000 / year matching cap so that i can have $ 40 , 000 matched in just two years instead of three ? - - - - - - - - - - - - - - - - - - - - - - forwarded by stinson gibner / hou / ect on 09 / 20 / 2000 02 : 01 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - stinson gibner 05 / 05 / 2000 11 : 47 am to : cindy olson / corp / enron @ enron cc : subject : thanks cindy , i just received notification of enron ' s match of my $ 8000 donation to the hansford county library in spearman , texas . ( all old pipeline hands know spearman because both northern natural and transwestern pipelines run near by the city . ) you may be interested to know what i am trying to accomplish there . the library is one of the few independent public libraries in the state of texas as it is owned neither by the county nor city . it ' s budget is met through a combination of city , county , and private contributions . a big part of their income comes from the " thrift shop , " spearman ' s version of the blue bird circle . in order to help the library continue to provide quality services to the community ( our library in spearman , population 3000 , is by all accounts much better than the one in nearby perryton , population 15000 ) , i am trying to help the library establish an endowment fund . we have set a goal of raising $ 100 , 000 over the next 3 years . with enron ' s matching , i am planning to provide about $ 80 , 000 of that amount with the other $ 20 , 000 coming from contributions from others in the local community . i am also investigating if the library can get any type of matching grant from other foundations , but it looks like most prefer to fund specific projects rather than put funds towards endowments . let me know if you have any suggestions for us . thanks , stinson x 34748 | 0 |
Subject: re : visit to enron vince , dec . 29 at 9 : 00 will be fine . i have talked to shirley and have directions . thanks , bob vince j kaminski wrote : > bob , > > can you come to our office on dec 29 at 9 : 00 a . m . ? > > please , call shirley crenshaw ( 3 - 5290 ) or stinson gibner ( 3 - 4748 ) > from the reception to be admitted to the building . > > vince kaminski | 0 |
Subject: re : enron case study update good afternoon john , i just want to drop you a line to update you re : andy fastow . i have confirmed a one hour interview slot with mr . fastow in monday , december 4 th from 11 : 00 a . m . - noon . this is in addition to your schedule interviews with mr . lay and mr . skilling - outline below . if you have any questions , please do not hesitate to contact me at 713 - 853 - 5670 . regards , cindy - - - - - forwarded by cindy derecskey / corp / enron on 11 / 06 / 2000 04 : 49 pm - - - - - cindy derecskey 10 / 31 / 2000 01 : 44 pm to : " john martin " cc : vince j kaminski / hou / ect @ ect , christie patrick / hou / ect @ ect subject : re : enron case study good afternoon john , i hope things are well with you . i am writing to update you on the status of your meetings with andy fastow , ken lay and jeff skilling . i have arranged the following meeting dates and times with ken lay and jeff skilling , ( i am still trying to work with andy fastow ' s schedule ) : jeff skilling december 4 th 2 : 00 - 3 : 00 p . m . ken lay december 4 th 3 : 30 - 4 : 30 p . m . also , i will attempt to schedule the meeting with andy fastow for december 4 th for convenience - this will also allow us to possibly schedule additional meetings for the 5 th ( as needed ) . i will let you know as soon as i ' m successful . regards , cindy derecskey university affairs enron corp . | 0 |
Subject: sandeep kohli dave , i would like to recommend to you sandeep kohli who is likely to approach you regarding a position in your area . i have been working with sandeep for a number of years and i was always impressed with his skills , intelligence and mature , thoughtful approach to solving business problems . he is currently located in india ( our dpc unit ) and is looking for a permanent position with enron in houston for family reasons ( his wife is from houston and has a family here ) . of course , there are some other obvious factors affecting his decision . vince | 0 |
Subject: moddeling support for dpc related issues a quick update on the status of sandeep kohli . he is working currently in my group . he is available on a very short notice to help you with any quantitative modeling that can be required in making decisions regarding our dpc strategy . in case you need his help , he can also rely on the support of other members of my group with skills in different areas . vince kaminski | 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 : real options jim , i am scheduled to arrive in austin on may 4 at 10 : 32 a . m . i shall be glad to join you and a group of your colleagues for lunch . i am flying back to houston friday morning and we can meet for dinner after the class . i shall have a power point presentation on my pc . i can also prepare a set of transparencies if this is more convenient for you . vince jim dyer on 04 / 27 / 2000 05 : 44 : 51 am to : " ' vince . j . kaminski @ enron . com ' " cc : sheridan titman subject : real options vince , i am traveling at this time , attending a nsf meeting in washington . however , i wanted to touch base regarding plans for your presentation in my class on real options next thursday ( may 4 ) . as you recall , the class is from 3 : 30 to 6 : 30 , and you could plan to take a significant part of that time for your presentation . sheridan titman has agreed to join us after his class at about 6 : 00 for a 30 minute " panel discussion " with the students on issues related to real options in practice . l i am not sure about your travel plans , but we would be happy to plan lunch on thursday with several of my colleagues . i would also be delighted to be your host for dinner on thursday night if that is convenient for you . i ' ll be back in my office on monday , and will look forward to hearing from you . jim james s . dyer fondren centennial chair in business department of management science and information systems cba 5 . 202 the university of texas at austin austin , texas 78712 - 1175 email : j . dyer @ bus . utexas . edu telephone : 512 - 471 - 5278 fax : 512 - 471 - 0587 | 0 |
Subject: request submitted : access request for iris . mack @ enron . com you have received this email because the requester specified you as their manager . please click approval to review and act upon this request . request id : 000000000024099 request create date : 3 / 16 / 01 5 : 39 : 34 pm requested for : iris . mack @ enron . com resource name : visual studio enterprise resource type : applications | 0 |
Subject: telephone interview with the enron research group good morning richard : your resume was forwarded to vince kaminski and the research group and they would like to conduct a telephone interview with you at your convenience . please give me some dates and times that you would be available and i will coordinate the schedule . also , the telephone number you wish to be contacted at . the telephone interview will be last approximately an hour and the interviewers would be : vince kaminski managing director , research stinson gibner vice president , research vasant shanbhogue vice president , research thanks richard and we look forward to hearing from you . regards , shirley crenshaw administrative coordinator enron research group 713 - 853 - 5290 email : shirley . crenshaw @ enron . com | 0 |
Subject: li sun vince , i am so glad that your meeting went well with li yesterday . this is a confirmation email to let everyone know that li sun will begin in vince ' s organization on monday , august 28 th . if you have any questions , please let me know . thanks . - - - - - - - - - - - - - - - - - - - - - - forwarded by jana giovannini / hou / ect on 08 / 23 / 2000 10 : 00 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : jana giovannini 08 / 21 / 2000 01 : 25 pm to : vince j kaminski / hou / ect @ ect cc : john j lavorato / corp / enron @ enron , jeffrey a shankman / hou / ect @ ect , hunter s shively / hou / ect @ ect , shelly butler / hou / ect @ ect , ina rangel / hou / ect @ ect subject : li sun vince , thanks for your response . apparently , we were under the incorrect impression that your group would be taking li ( based on jeff ' s note below ) . we apologize for not contacting you last friday to confirm prior to " placing " li in your group . i have faxed li ' s resume to you and hope that you will have time to review it today . please call me back as soon as you can to discuss li ' s opportunities in your group . if vince is not interested in li for his group , we will consider li placed in ena - gas trading ( original placement ) in john lavorato ' s organization . once i hear from vince one way or the other , the program will consider li ' s placement final in either research or ena - gas trading . hopefully this will be resolved by tuesday morning so that we may communicate to li her rotation information . if you have any questions , please let me know . thank you ! vince j kaminski 08 / 21 / 2000 01 : 03 pm to : jana giovannini / hou / ect @ ect cc : subject : re : vikas dwivedi fyi vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 08 / 21 / 2000 01 : 08 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 08 / 21 / 2000 12 : 58 pm to : shelly butler / hou / ect @ ect cc : john j lavorato / corp / enron @ enron , jeffrey a shankman / hou / ect @ ect , hunter s shively / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : re : vikas dwivedi shelly , i shall not accept anybody for a rotation without a prior interview . li was scheduled to meet with me last thursday but she never showed up . she did not call to cancel or to apologize for not showing up . i have not seen her resume . please , assume she is not rotating into my group till further notice . vince from : shelly butler 08 / 18 / 2000 03 : 37 pm to : jeffrey a shankman / hou / ect @ ect cc : hunter s shively / hou / ect @ ect , john j lavorato / corp / enron @ enron , vince j kaminski / hou / ect @ ect , craig breslau / hou / ect @ ect , ina rangel / hou / ect @ ect subject : vikas dwivedi jeff , just wanted to confirm that li will be placed in vince kaminski ' s group . vikas has been placed in ena middle market reporting to craig breslau . please contact me at 3 - 4584 if you have any questions . thanks for your help ! ! shelly from : jeffrey a shankman 08 / 18 / 2000 03 : 18 pm to : shelly butler / hou / ect @ ect cc : hunter s shively / hou / ect @ ect , john j lavorato / corp / enron @ enron subject : shelly , hunter spoke with li today and agrees that her first rotation should be in vince ' s group doing modelling , etc . this will give her the broadest experience for a first rotation . i ' m sure the other person in question , vikas , will do very well in hunter ' s group . thanks for your help . jeff | 0 |
Subject: non - disclosure agreement and intellectual property rights hi kay , i was referred to you by julia for assistance . here in research , we are in the process of retaining prof . sheridan titman of university of texas at austin to perform some consulting work . in anticipation , we would like to have a non - disclosure agreement to protect the confidentiality of any information we might provide him . also , we would like have an agreement on how the intellctual property rights of any outcome of this effort will be shared . please let me know what information i can provide from this end to help you draft these documents . my extension is 30936 . thanks . rakesh | 0 |
Subject: re : telephone interview with the enron corp . research group dear kevin : dr . kaminski , stinson gibner and zimin lu will interview you at the same time in a group interview , which will last approximately 1 hour . if it meets with your approval , i have scheduled the telephone interview for this friday , august 4 at 1 : 00 pm . they will call you at 713 - 630 - 0768 . fyi . the research group is responsible for option modeling , building systems for risk quantification and management , development of optimization systems , assisting with statistical analysis and anything that requires advanced math , for all of enron . if you have any other questions , please let me know . regards , shirley crenshaw administrative assistant enron corp . research 713 - 853 - 5290 email : shirley . crenshaw @ enron . com ningbo xu on 08 / 01 / 2000 11 : 30 : 44 am to : " ' shirley crenshaw ' " cc : " ' kevinxu 98 @ yahoo . com ' " subject : re : telephone interview with the enron corp . research group dear shirley , sorry for getting back with you until today . i have been out of town since last friday and didn ' t have access to emails . i appreciate the opportunities to talk with mr . kaminski , mr . gibner , and mr . lu and look forward to their phone calls . as to the date and time , i will be available all day this friday and any day next week . please let me know when they will be available so that i can arrange schedule to accommodate . i can be reached at 713 - 630 - 0768 . also , i have a couple of questions that i hope to get your help : 1 . will the interview be a group interview or each of them will talk with me individually ? 2 . what ' s the role of the research group at enron ? thank you very much and look forward to hearing from you . kevin xu - - - - - original message - - - - - from : shirley crenshaw to : xuni @ olin . wustl . edu sent : 7 / 28 / 00 11 : 45 am subject : telephone interview with the enron corp . research group good afternoon mr . xu your resume has been forwarded to the research group with enron corp . they would like to conduct a telephone interview with you at your convenience . please let me know your available dates and times along with the telephone number you may be reached at and they will call you . the interviewers would be : vince kaminski managing director stinson gibner vice president zimin lu director look forward to hearing from you . regards , shirley crenshaw administrative coordinator enron corp . research 713 / 853 - 5290 email : shirley . crenshaw @ enron . com | 0 |
Subject: weather person for london egm folks : we interviewed three candidates . one of the three ( tony hamilton ) seems to be a very good fit within the enron culture and values . recommended next steps vince , mike and jeff interview tony via video conference or avistar tony hamilton key strengths quick thinker good teams skills driven - will be able to get the project off the ground quickly has a commercial attitude sees " the big picture " tony hamilton is available for follow up interviews the first week of january . thanks jen | 0 |
Subject: re : hello from london zimin , i have a copy of the article . i agree with you . the model is essentially the same ( in intentions ) . i shall distributed the copy of the paper to the trades here . it explains well the logic behind the model and it ' s an independent source . vince zimin lu 05 / 30 / 2000 10 : 44 am to : vince j kaminski / hou / ect @ ect cc : stinson gibner / hou / ect @ ect subject : re : hello from london vince , i got the article . i can make a copy for you when i get back . the article is pretty much for marketing purpose . my reading from that paper is as follows : 1 . solve optimal exercise bounday using stocastic dp ; 2 . runing price trajectory to tracking storage level to give average storage cycling ; our model addresses the same issues , althrough maybe the implementation is not quite the same . i will fax to you if i can find the article here . regards , zimin vince j kaminski 05 / 30 / 2000 09 : 56 am to : zimin lu / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : re : hello from london zimin , there was an interesting article on gas storage modeling by people from camminus in the march issue of energy and power risk management . please , see if you can get this article . vince zimin lu 05 / 30 / 2000 04 : 59 am to : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect cc : anjam ahmad / lon / ect @ ect subject : hello from london vince and stinson , i am in the london office this week . things are quite nice here . my host anjam arranged a full itinerary for me . tuesday is reserved for anjam to talk about various subjects including inflation modeling , power vol curve , mean reverting price & vol model , and i will talk about the spot and multi - factor models , xll . wednesday , i will concentrate on the gas storage model with natasha danilochkina . thursday and friday i will talk to haakan olafsson , mark jones , anjam , and natasha about uk gas forward curve simulation , gas swing model , and implementation issues of uk virtural storage model . i will give you a full report when i get back . it is cold and rainy here in london . it makes me feel sunny and hot houston actually is not that bad . zimin | 0 |
Subject: re : clustering for power jaesoo , as we discussed last week on wednesday meeting can you , please , implement clustering for power curves by geographical region . this involves the following : 1 . deciding together with risk control how many geographical regions we want to use and which enron ' s curves belong to each region . 2 . deciding together with risk control how to choose core curves for each region . this decision can be maid based on the a ) position size ; b ) statistical analysis . there might be other considerations . 3 . doing regression analysis for each curve versus the corresponding core curve . winston , can is it possible to run var for the clustering results obtained by jaesoo with clustering done by sas ? should we wait for the stage re - fresh and what is the status on this ? tanya . | 0 |
Subject: re : exotica ( second request ) thanks anjam . that ' s looks great . sorry about the second request . i didn ' t realise you were in a meeting . thanks , sharad | 0 |
Subject: mba career opportunity shirley , please , arrange a phone interview . tt , vk , sg , zl . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 11 / 21 / 2000 09 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " qing chen " on 11 / 17 / 2000 06 : 01 : 28 pm to : cc : subject : mba career opportunity dear ? vincent kaminski : ? i got your contact details from the web site for power marketers . i have a strong interest in pursuing a career in the energy industry ? with a top energy company like ? enron , where my abilities and qualifications can be fully applied for our mutual benefit . i am graduating in may with an mba ? degree with concentrations in finance and information systems . this summer i worked ? as an intern with structuring and analytics group of ameren energy . ? this internship ? has been especially challenging and has enhanced my professional competencies . while there , i was afforded the opportunity to ? develop a forward view model ? for ? off - peak ? electricity price forecasting and analyze the data sets of a fundamental ? model to create forward price curves . both projects added value to the company and provided me with first - hand experience in the area of energy trading and marketing as well as modeling techniques . in addition , i have an undergraduate degree in mechanical engineering and two years ' experience in power generating . with my work experience in energy finance and exceptional academic and professional achievements , along with my exemplary leadership and management potential and outstanding analytical , business communication , problem - solving and computer skills , i ' m convinced that i will be able to make immediate contributions to your company . i am attaching my resume for your review . should you have any questions or need clarification , please feel free to contact me at ( 504 ) 861 - 9110 or qchenl @ tulane . edu . as i have some offers with deadlines approaching , i would appreciate it if you could give me a quick response . i also expect ? a base compensation above $ 75 k . i look forward to ? hearing from you soon . ? best regards , qing ( christine ) chen mba 2001 a . b . freeman school of business tulane university tel : ( 504 ) 861 - 9110 - resumeus . doc - resumeus txt . txt | 0 |
Subject: resid fx option - - - - - - - - - - - - - - - - - - - - - - forwarded by zimin lu / hou / ect on 08 / 17 / 2000 09 : 57 am - - - - - - - - - - - - - - - - - - - - - - - - - - - zimin lu 08 / 17 / 2000 09 : 59 am to : stinson gibner / hou / ect @ ect , paulo issler / hou / ect @ ect cc : subject : resid fx option i have created a directory residfx in where i put my monte - carlo model ( c project ) and calling spreadsheet for the valuation . zimin | 0 |
Subject: re : spreadsheet for george posey vince - here is an analysis of the fund giving at the church . first off , it appears from the data that a special " appeal " for fund giving was made ( from the pulpit ? ) on april 19 , 1998 and april 25 , 1999 , ( perhaps tied rhetorically into income taxes ? ) . then , by going back and incorporating obvious dates from the calendars for 1997 - 1999 , the following regression analysis is made , where each effect is added independently : giving this sunday = $ 4403 + a minor $ 3 weekly time trend ( i . e . , multiply by the number of weeks since jan . 5 , 1997 ) + no pure effect from last week ' s contributions ( i . e . , denies first - order autoregressive effects ) + $ 2426 if easter sunday or the sunday nearest christmas + $ 9695 if ( pastoral appeal ) april 19 , 1998 or april 25 , 1999 - $ 340 if the sunday falls on the weekend of a monday federal holiday - $ 50 if the sunday following thanksgiving - $ 73 if a summer weekend ( june 1 thru august 31 ) the pure time trend is very small , so an annual projection based on all 3 years data would be for giving to increase only a minor amount ( $ 150 ) for 2000 assuming a similar appeal for giving is made this april . clayton | 0 |
Subject: friday brown bag on derivative pricing dear everyone , we understand the as members of enron research group , all of us are working on very interesting projects , some of which are ground - breaking , and we all keep a very keen mind on any development of new technology . we also find out , through our own experience , that at this age of information explosion , it becomes more and more difficult to have enough time and energy to keep abreast with most of the exciting stuff taking place in this department , let alone in the industry . it is also our personal experience that many a project we are working on has partially been attempted by other members of this group . as a remedy , we propose that the research group start an informal brown bag lunch group meeting , once every two weeks on friday , for about 50 minutes . it is hoped that it will provide a forum for us to facilitate with new technology and development , as well as with each other , s work , so that we do not have to reinvent the wheels . we envision the following : in this meeting ( or seminar ) , each one of us will take turns to make presentations to the group . the topics could range from theoretical consideration to practical implementation , be it option pricing , process modelling , insurance issue , or monte carlo simulation , or anything one finds fascinating . the presentation material could be papers you have been reading recently , projects you are working on , some problem that bothers you , or an idea that is fascinating . you choose your own presentation style . it could be everything - you - always - wanted - to - know - but - were - afraid - to - ask , hand waving style , or it can involve nitty - gritty , detailed derivations , anyway a style that suits you and the topic . or it can simply be a dry - run for your presentation at the next risk conference . zimin and alex will take upon the responsibility of organizing the seminar . we hope the seminar will be up and running in two - three weeks . for that purpose your support will be greatly appreciated . please let either zimin or alex know if you are interested in giving a presentation to the group and provide a tentative schedule . surely the rest of the group will be happy to hear your presentation . we encourage everyone to participate this brown bag meeting , either to give a talk or just sit in . zimin lu alex huang | 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - tamarchenko , tanya v vasant shanbhogue oct 26 , 2000 walton , sheila h david oxley oct 27 , 2000 yaman , sevil vasant shanbhogue oct 27 , 2000 | 0 |
Subject: another bet vince i here you are running abook on how quickly we can implement convolution var for power and since i am up against a summer deadline for this i felt i should take the other side . so how about i buy you dinner if i get it done ? rgds dp | 0 |
Subject: re : a personal favor thanks very much . i am attaching his resume for your review . - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : monday , may 07 , 2001 12 : 08 pm to : anurag . saksena @ gmacrfc . com cc : vince . j . kaminski @ enron . com subject : re : a personal favor anurag , i shall talk about vikas to our it people . can you send me his resume ? vince " saksena , anurag " on 05 / 07 / 2001 10 : 06 : 54 am to : ? ? " ' vkamins @ ect . enron . com ' " cc : subject : ? a personal favor vince , i have ? left a voice mail to you and will wait to talk to you personally . my brother ? vikas , who is now in london , is trying to make a switch from consulting world to ? working for a specific firm . over last few months , i have heard of great deal ? about the success of enron on line business which fits well in the area of his ? expertise . i am wondering if you know of some one in london who he can speak to ? regarding career opportunities . since ? i spoke to you last , a number of things have changed . recently , my manadate was ? broaden to include leading a charge for developing a risk management function ? for both the domestic and international businesses for gmac . needless to say , ? this is exciting albeit making the life a little more hectic than ? usual . talk ? to you later . anurag 952 - ? 857 - 6133 ? - resl . doc | 0 |
Subject: d - g energy software procurement laine , enclosed is a revised copy of the software licence agreement with d - g energy . the earlier version had prices and conditions of use which differed from what had been discussed over the telephone . this version brings into line the terms with what has been agreed upon , and has been given tentative approval by the president of d - g , who i met with last week . i have highlighed the sections which have changed from the version that you sent out for signature last november . i assume that the revised document will have to be reviewed by legal again . let me know if i can be of any assistance in this process . regards , stinson gibner | 0 |
Subject: re : statistician from rice osman , this guy is too much . i would tell him that we understand that he has to make the best choice for himself and can change his mind but at this point we treat his decision as final but we still appreciate the interest he showed in enron . we never had any luck hiring a statistician . maybe we shall get one some day . vince osman sezgen @ ees 04 / 20 / 2001 11 : 54 am to : vince j kaminski / hou / ect @ ect , pinnamaneni krishnarao / hou / ect @ ect cc : subject : statistician from rice i had a message on my phone this morning from william indicating that he had changed his mind and will be taking another job . he also mentions that the other organization will give him time to publish his thesis and he assumes enron would not do that . i am inclined to give up on him but wanted to get your input before doing so . osman | 0 |
Subject: business trip to houston dear all , i will be in the houston office from monday 10 th july through wednesday 19 th july and stopping in ny on the return leg to meet staff at mg metals ny on thursday 20 th july at the suggestion of lloyd fleming who is co - ordinationg the rac activities for the integration of mg metals . i will probably take a day of leave on friday 21 st which would mean that i will be back in the london office on monday 24 th july . regards , anjam p . s . as usual i will be contactable on my cellular : ( 07747 ) 868131 or through lotus notes . | 0 |
Subject: re : moving roy ibasco hi vanessa : you will need to fill out a " churn request " and forward it to the " move team " they will take care of everything that you put on the form . i am attaching a copy of the form for your information . the receiving department is responsible for doing this . he will need boxes to pack his belongings ( ask him how many he needs - he will have to do the packing ) . the only item that moves other than his personal items , is his telephone . the computer , chair , etc . belongs to the research group . if you have any questions , or need help , please let me know . thanks ! vanessa carranza @ enron 06 / 08 / 2000 04 : 47 pm to : shirley crenshaw / hou / ect @ ect cc : subject : moving roy ibasco shirley - i need to have roy ibasco ' s things moved to eb 2930 c from ebl 948 and have it charged to co / rc 413 - 1708 . please give me a call if you have any questions ! thanks - vanessa c 3 - 5030 | 0 |
Subject: re : agenda for vc craig , thanks for your email regarding tomorrow ' s houston / london videoconference . attached is an updated spreadsheet which elaborates upon the issues amitava and i will discuss tomorrow . regards , iris - - - - - original message - - - - - from : chaney , craig sent : thursday , april 19 , 2001 2 : 34 pm to : kirkpatrick , eric ; salmon , scott ; cruver , brian ; dhar , amitava ; mack , iris ; mumford , mike ; detiveaux , kim subject : agenda for vc folks , here were some of the things i thought would be useful we could discuss : status and schedule on data aquistion : iris and mike riskcalc testing : methodology , criteria , and schedule : iris and amitava model development : which model are going be developed and when : iris and amitava feel free to add to the agenda . craig | 0 |
Subject: mgmt 656 enclosed please find the final grade rosters for mgmt 656 . ? grades are due into our office no later than friday , may 4 . remember that this is the university deadline for graduating students . thank you for your help ! - pam ( 713 - 348 - 6223 ) - 656 . doc | 0 |
Subject: re : outage tracker option and background karl , thanks a lot . i have passed this information to grant masson who worked here on a related problem . he will get in touch with you regarding this technology . vince karl tomlinson @ enron _ development 07 / 24 / 2000 06 : 00 pm to : vince j kaminski @ ect cc : subject : outage tracker option and background vince , to follow up on the idea of a means for effectively tracking instantanious plant faliure utilising either system frequency or connection point voltage . the system frequency phase shift across a network will probably be the best option as this would allow alll significant deviations to be tracked along with relative network performance from a few points . i am currently chasing nemmco ( au system operator ) to get hold of a few weeks of 4 second metering data for the whole system to see if there is enough measurement consistency to prove one of the ideas . the idea follows along the lines ( literally ! ) that when a unit fails it will introduce a shock into the system and reduce system frequency , which is then reacted to by frequency control services offered in by generators . the drop in frequency is noticable across the whole network and as one option may change the phase shift across the whole grid . the phase shift across the network is constantly changing due to loads and power factor correctrion devices switching on and off , however a unit failure may be distinct . the second option relates to how a unit fails , whereby if a circuit breaker is involved as in the case of uncontrolled shutdowns , then the outage will cause an rf pulse that should propogate across some of the network . transformers will attenuate the pulse , however it should be detectable many miles away from the fault location . measure the arrival time at several point on the network , work out the shift and backtrack on the network . part of the solution is already proven in lightning trackers . the solution may be made more simple by detecting the exact point on the sinewave that the unit failed ( i . e . measuring the three phases at lmhz and then sending the data through a dsp ) . this solution is more complex , however this should allow unit failure to be pinpointed to a station . the timing base for each of the nodes may be sourced from gps timing , self locating at the same time ! will send you some links and documents for potentail hardware and setups . karl . | 0 |
Subject: cal berkeley recruiting congratulations ! ! ! you have been nominated to join the cal berkeley campus team . beginning this fall , enron will head to the university of california at berkeley for the first time ! in addition to traditional analyst recruiting focusing on finance , economics , and business majors , the analyst program will add a new addition to it ' s rotational program - the global technology track . the global technology track will provide a pipeline for mis , computer science and engineering majors to join enron and rotate within enron net works and ebs technology functions . therefore , we would like to create a recruiting team that represents all aspects of enron including both it and business " swat teams " to help attack campus during career fairs , presentations , dinners , and other events searching for the ideal candidate . in the next week you will receive an invitation to the cal berkeley planning session and kickoff . at that time we will review strategies , profiles , and events to ensure that enron is able to attract the top candidates ! please make every effort to attend . if you have any questions , please do not hesitate to contact me at 3 - 3589 . thanks , ashley baxter global technology track recruiter | 0 |
Subject: re : gwen koepke i will see you on friday at 3 . if you would like for me to come before then , just let me know . - - - - - original message - - - - - from : kaminski , vince sent : wednesday , may 02 , 2001 3 : 01 pm to : labbe , anne cc : kaminski , vince subject : re : gwen koepke anne , thanks for contacting me about this . as a matter of fact , i wanted to talk to you about it today as this matter was outstanding for a long time . i think we should go ahead and adjust gwen to manager , effective march 1 . the compensation would be her current base plus 10 k . this is what we typically do when we promote an associate to a manager . such promotions take place in march and i think gwen should not be penalized for the inefficiency of her management ( i . e . my and maureen ' s procrastination ) . on unrelated and more serious matter . gary hickerson is the primary client for maureen ' s services . he communicated to me a few weeks ago that he is unwilling to underwrite maureen ' s position ( he is in general unhappy with her contribution ) . this means that maureen will have to find another sponsor or leave enron . given her abrasive and aggressive personality finding another internal customer will be quite a challenge . gary volunteered to pay a very generous severance to maureen from his budget . i would like to talk to you about it when you have a few minutes . vince from : anne labbe / enron @ enronxgate on 05 / 02 / 2001 10 : 34 am to : vince j kaminski / hou / ect @ ect cc : subject : gwen koepke vince , just wanted to touch base with you . i have tried to contact maureen so that gwen ' s title and salary can be adjusted to manager just as you requested , but have not heard any response from her . would you like for me to wait until i hear from maureen or should i go ahead and proceed in changing her title ? i just want to make sure that gwen is in the right peer group during prc . also , i am going to try and set up a meeting with you next week through shirley to discuss any buring issues that you are experiencing , and your expectations during prc . thanks , anne | 0 |
Subject: re : next visit to houston yes and so would the northeast trader john suarez vince j kaminski 06 / 29 / 2000 04 : 07 pm to : george hopley / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : re : next visit to houston george , would you like to take a like at the service ( see below ) . the meeting is on july 12 at 2 : 30 ( 19 th floor ) . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 06 / 29 / 2000 04 : 08 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " edward krapels " on 06 / 29 / 2000 03 : 53 : 40 pm please respond to to : " ' vince j kaminski ' " cc : " jeffrey shorter \ ( e - mail \ ) " subject : re : next visit to houston vince , good to hear from you and i ' m glad you ' re available . how is wednesday at 2 : 30 ? i did look at eol and am not surprised to see its quality . i was unable to say much about it in my risk electricity hedging and trading report because of deadline pressures . how is the site doing ? i am intrigued by the competition for trading platforms and was astonished to hear that goldman , morgan , bp and shell were going to launch a site to compete with yours . talk about a shotgun marriage ! if we have time next week , i could step you through our website - - www . weathereffects . com . i ' m very proud of what we ' ve done . i can ' t give out a password yet but would be happy to walk through the site with you over the phone using my password . it ' s a very ambitious site - - with state - of - the - art wsi weather ( seasonal , 6 - 10 , and day to day ) driving a good load model for pjm and nepool . esai contributes oil and gas input price forecasts , capacity judgments , and " herding " ideas to develop power price forecasts for same time periods . after one month ' s full - bore effort , i ' m pleased with the results ( e . g . , we forecast nepool onpeak to be $ 43 and it turned out $ 46 ) . have a great weekend . ed - - - - - original message - - - - - from : vince j kaminski [ mailto : vince . j . kaminski @ enron . com ] sent : wednesday , june 28 , 2000 5 : 29 pm to : ekrapels @ esaibos . com cc : vince j kaminski ; shirley crenshaw subject : re : next visit to houston ed , i shall be available on both days . what about wednesday , july 12 , between 1 : 30 and 4 : 00 . please , let me know what time would work for you . it will be nice to see you again . vince p . s . by the way , did you have a chance to take a look at the eol ? " edward krapels " on 06 / 28 / 2000 02 : 49 : 41 pm please respond to ekrapels @ esaibos . com to : vince j kaminski / hou / ect @ ect cc : subject : next visit to houston dear vince , i will be returning to houston during the week of july 10 . esai and weather services international have launched - - after more than 18 months of r & d - - our service , called energycast power trader and energycast gas trader , for power traders in nepool and pjm . i would be happy to review the service with you as well as take you on a tour of our web site . are you available on july 12 - 13 ? sincerely , ed krapels | 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 kindall , kevin vasant shanbhogue oct 30 , 2000 lamas vieira pinto , rodrigo david port oct 31 , 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 villarreal , norma e sheila h walton oct 26 , 2000 walton , sheila h david oxley oct 27 , 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: update - meteorologist search we have identified two good candatites who would be available for a london interview the week of the 18 th : 1 . kerryn hawke 2 . stephen cusack also strong but not available for that week is 3 . piero chessa ( working for ecmwf in italy ) we have a couple others here in the states if the london interviews don ' t work out . i am forwarding under separate cover kerryn and stephen ' s cv ' s with telephone numbers to jen - - - mike | 0 |
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